Aug 162010
David Rosenberg may be the best financial/economic analyst on the North American continent. This video interview with the WSJ is his current view of where the economy is and is heading.
David Rosenberg may be the best financial/economic analyst on the North American continent. This video interview with the WSJ is his current view of where the economy is and is heading.
I didn’t bail when MM did, because I wanted to see what some part of conventional wisdom has in store for us. Being the inexpert that I am, it seems a simple enough concept to me that raising taxes 200 bil will result in raising no revenue at all.
Hmm… He said to dust off the history books, but not post 1945… Posr 1700..!
Given that, it struck me as odd in the extreme that at the end of the interview they asked him price targets for everything except… Hmm… What is that currency of last resort again? Help me out here.
I bailed when he said not to extend the tax rate cuts due to expire because it would add $200B to the deficit-here’s a clue Brainiac, cut the fucking spending-eliminate the Depts of Education, Energy and Agriculture-stop all corporate subsidies, cut the corporate tax rate to zero, dittos with the CGTR and suspend payroll taxes for a year-build 50 nuclear plants and begin large scale development of our “on land” fossil fuels-abolish government unions, build the wall and start deporting the millions of illegals already here, hammer anyone that hires an illegal. Then junk the tax code and substitute a flat tax, one that insures every one that works, pays taxes.
That’s just for starters. What is with these Ivory Tower know-it-alls?
And find a lamp post for Pelosi, Reid and Obama, I’ll bring the rope-Ayers too, the bastard.