She blamed the government and Wall Street for today’s financial turmoil, “Guys and gals, our regulatory system is outdated and needs a complete overhaul. Washington has ignored this. Washington has been asleep at the switch and ineffective and management on Wall Street has not run these institutions responsibly and has put companies and markets at risk,” Palin told the cheering crowd, “They place their own interests first instead of their employees and the shareholders who actually own these companies.”
She pressed how important it was for America to“remain the strongest” financial market in the world and pledged that a McCain-Palin administration will restore the “integrity” and “confidence” in our markets, “We are going to reform the way Wall Street does business and stop multi-million dollar payouts and golden parachutes to CEOs who break the public trust.”
Sarah Palin September 15, 2008
Let's just look at these two short paragraphs, crafted by Faux and Palin's very words.
She Blames Government ["Washington has been asleep at the switch and ineffective"]
and the Free Market Economy ["...management on Wall Street has not run these institutions responsibly and has put companies and markets at risk." “They place their own interests first instead of their employees and the shareholders who actually own these companies.”
She declares that the integrity and confidence in the markets is weak.
She says that REPUBLICAN John McCain is going to change how Wall Street Does Business
She says that REPUBLICAN John McCain is going to stop million dollar payouts for CEOs.
Now in just two short paragraphs [and the rest of the speech is more of the same] you can see that she thoroughly trashes the failed policies of the Bush Administration while at the same time McCain has supported Bush on nearly EVERY economic policy in the past EIGHT years. She goes on to say the team is going to "reform" Washington yet has the same economic team that guided Bushie during much of the first part of his term [Gramm, Kemp]. Further she calls out the White House by declaring the Bush Economy WEAK and Lacking CONFIDENCE.
Yet, nowhere, in any speech, any policy statement, any white paper have we seen a single deviation from the BUSH ECONOMIC POLICIES of the past eight years. So she essentially says they are going to fix the problem by continuing to to the same thing. [remember my Rosie analogy of trying to eat your way out of obesity?]
Now, to the important part. It seems that Ms Palin ASSUMES that the government has a role, or is willing to take a role in impacting the salaries and compensation plans for Executives in PRIVATE ENTERPRISE. Now everyone here knows that I don't like the excessive bonuses that some CEOs get for PISS POOR performance BUT BUT BUT BUT it is the decision making of the Stockholders, Boards of Directors and Compensation Committees to make that call, NOT the VP of the United States.
This speech has FOUR POSSIBILITIES
1) Republicans just found out that their candidates are NOT Republicans at all BUT will vote for McCain Palin anyway.
2) McCain Palin will say ANYTHING to try and get elected but really would not ever "bother" their buds in the business world.
3) McCain Palin plans on Expanding the Bush Economic Doctrine to include massive Regulatory actions on the Financial sector and further nationalize the industry.
4) Ms Palin really has no clue as to what she is talking about and simply spews out whatever comes to her head that she thinks will make people like her -- really, really like her.
Well, on Sept 30, 2002 the Dow was at 7500 so it is very possible for it to tumble another 25-30%.
Considering we have a much weaker dollar and much higher debt, both within the government and private markets, there are no strong foundations to insure that it won't slide.
Here ya go again engaging in fear mongering and reading the tea leaves. Suffice to say, no one knows where the "Dow" will be in the future. The "Dow" does not exist except as a mathematical formula conjured by some financial "wizards".
How does a weaker dollar and higher govt debt make a strong company crumble ? That is the right question. Take Johnson and Johnson as a candidate. No bonus points.
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Quote:
Originally Posted by mcbear
She blamed the government and Wall Street for today’s financial turmoil, “Guys and gals, our regulatory system is outdated and needs a complete overhaul. Washington has ignored this. Washington has been asleep at the switch and ineffective and management on Wall Street has not run these institutions responsibly and has put companies and markets at risk,” Palin told the cheering crowd, “They place their own interests first instead of their employees and the shareholders who actually own these companies.”
She pressed how important it was for America to“remain the strongest” financial market in the world and pledged that a McCain-Palin administration will restore the “integrity” and “confidence” in our markets, “We are going to reform the way Wall Street does business and stop multi-million dollar payouts and golden parachutes to CEOs who break the public trust.”
Sarah Palin September 15, 2008
Let's just look at these two short paragraphs, crafted by Faux and Palin's very words.
She Blames Government ["Washington has been asleep at the switch and ineffective"]
and the Free Market Economy ["...management on Wall Street has not run these institutions responsibly and has put companies and markets at risk." “They place their own interests first instead of their employees and the shareholders who actually own these companies.”
She declares that the integrity and confidence in the markets is weak.
She says that REPUBLICAN John McCain is going to change how Wall Street Does Business
She says that REPUBLICAN John McCain is going to stop million dollar payouts for CEOs.
Now in just two short paragraphs [and the rest of the speech is more of the same] you can see that she thoroughly trashes the failed policies of the Bush Administration while at the same time McCain has supported Bush on nearly EVERY economic policy in the past EIGHT years. She goes on to say the team is going to "reform" Washington yet has the same economic team that guided Bushie during much of the first part of his term [Gramm, Kemp]. Further she calls out the White House by declaring the Bush Economy WEAK and Lacking CONFIDENCE.
Yet, nowhere, in any speech, any policy statement, any white paper have we seen a single deviation from the BUSH ECONOMIC POLICIES of the past eight years. So she essentially says they are going to fix the problem by continuing to to the same thing. [remember my Rosie analogy of trying to eat your way out of obesity?]
Now, to the important part. It seems that Ms Palin ASSUMES that the government has a role, or is willing to take a role in impacting the salaries and compensation plans for Executives in PRIVATE ENTERPRISE. Now everyone here knows that I don't like the excessive bonuses that some CEOs get for PISS POOR performance BUT BUT BUT BUT it is the decision making of the Stockholders, Boards of Directors and Compensation Committees to make that call, NOT the VP of the United States.
This speech has FOUR POSSIBILITIES
1) Republicans just found out that their candidates are NOT Republicans at all BUT will vote for McCain Palin anyway.
2) McCain Palin will say ANYTHING to try and get elected but really would not ever "bother" their buds in the business world.
3) McCain Palin plans on Expanding the Bush Economic Doctrine to include massive Regulatory actions on the Financial sector and further nationalize the industry.
4) Ms Palin really has no clue as to what she is talking about and simply spews out whatever comes to her head that she thinks will make people like her -- really, really like her.
Here ya go again engaging in fear mongering and reading the tea leaves. Suffice to say, no one knows where the "Dow" will be in the future. The "Dow" does not exist except as a mathematical formula conjured by some financial "wizards".
How does a weaker dollar and higher govt debt make a strong company crumble ? That is the right question. Take Johnson and Johnson as a candidate. No bonus points.
P.S. Just note that JNJ barely budged today.
Commodities tend to do well in this environment. Simple logic. There is always a need for the basics in life. But that only addresses their consumer division.
Here ya go again engaging in fear mongering and reading the tea leaves. Suffice to say, no one knows where the "Dow" will be in the future. The "Dow" does not exist except as a mathematical formula conjured by some financial "wizards".
How does a weaker dollar and higher govt debt make a strong company crumble ? That is the right question. Take Johnson and Johnson as a candidate. No bonus points.
P.S. Just note that JNJ barely budged today.
Oh, and your JNJ question, the weaker dollar changes the expense ratios on foreign subsidiaries, changes the currency hedging balance and, depending on the division impacts the sales due to inflationary effects of a weak dollar.
Higher Government debt simply starts the cascade a bit higher up the flowchart.
Note that much of the growth of JNJ this year was international. Nearly 50% of ALL worldwide revenue was International and US revenue was propped up by Pharmaceuticals which currently have carte blanc to charge "whatever the market will bear". So much of our high insurance premiums and some government Medicare/Medicaid monies went to prop up JNJs bottom line in the US.
I am not sure than answers your question as it was somewhat cryptic. Plus the lack of challenge since there were no bonus points available.
Oh, and your JNJ question, the weaker dollar changes the expense ratios on foreign subsidiaries, changes the currency hedging balance and, depending on the division impacts the sales due to inflationary effects of a weak dollar.
Higher Government debt simply starts the cascade a bit higher up the flowchart.
Note that much of the growth of JNJ this year was international. Nearly 50% of ALL worldwide revenue was International and US revenue was propped up by Pharmaceuticals which currently have carte blanc to charge "whatever the market will bear". So much of our high insurance premiums and some government Medicare/Medicaid monies went to prop up JNJs bottom line in the US.
I am not sure than answers your question as it was somewhat cryptic. Plus the lack of challenge since there were no bonus points available.
OK if I paraphrase correctly, your answer is that the weak dollar and debt would not hurt at the least and benefit at best a company such as JNJ.
Now the bonus points are for doing the same "analysis" for the other 29 components and see if the overall "sum" supports your original statement.
Commodities tend to do well in this environment. Simple logic. There is always a need for the basics in life. But that only addresses their consumer division.
I'm so very pleased to announce that oil also dipped to 7 month lows today, proving McBear's point, that commodities do well in this environment; oil, my friends, is not one.
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