Philly Jim

Total Rating:
+4 / -5

116 Comments

    • Wed Nov 19th 23:02 PM | Rating: 0 0
      Commented on:
      Infrastructure Spending Spree Risks More Bridges to Nowhere
      When you say infrastructure improvement, most American law makers think of paving roads. So, we will have our roads paved over 70 times a year instead of 10 now. Many of the "old timers" in congress don't even know what a maglev is.

      The government would do better to try and replicate 1998-99 when companies and the government were spending tons on upgrading their technology to avoid a potential collapse - this capital investment spending spree is what we need.

      Also, imaging all the extra spending money American would have with cheaper energy prices! If Obama can sell nuclear to the public, and press for public utility commissions to freeze price hikes and reallocate existing transfer payments in states to infrastructure instead, Obama's vision is feasible. Of course many will scream murder when they read the headlines states cut funds to poor to fund infrastructure improvements.
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    • Tue Nov 18th 18:11 PM | Rating: +2 -1
      Commented on:
      GM Could Benefit from Bankruptcy
      They want bankruptcy to free themselves of UAW obligation and adopt a business model like that of Honda or Toyota with hourly employees and little benefits if any.

      Retirees are backed by the UAW pension fund until the mafia steals it. They are also backed by the federal government.

      They are going to congress for show, they don't want or need the bailout, they need bankruptcy.

      The days of 30 bux an hour for manual labor are over! If this class of workers in society do not upgrade themselves intellectually and ensure quality education for their offspring, they are doomed to becomes part of the permanent underemployed underclass.
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    • Tue Nov 18th 12:50 PM | Rating: 0 0
      Commented on:
      How a Bankrupt GM Should Merge with Chrysler
      Let the old die peacefully. I feel like we are trying to save our 118yr old grandfather with multiple surgeries which are doing only wasting money and prolonging the inevitable. U.S. car companies have been managed by out-of-touch old white men for too long.

      Give new blood a chance. The government should be pumping money into successful small operations like Tesla Motors, not GM, Ford and Chrysler which are relics of our mismanaged past.

      Let the old pigs die or FIRE all the management and let the Obama admin run them like they should have been run under Al Gore had he not had the election stolen from him.
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    • Sun Nov 16th 00:59 AM | Rating: 0 -2
      Commented on:
      Jim Rogers on China
      Rogers is a Alabamian dolt on his way out of this world along with his friend George. Just looking at the cover makes me sick, "the world's greatest market", please! China is what it is because the U.S. sent over trillions of dollars in exchange for trillions of pounds of cheaply manufactured product. I guess Rogers thinks its the greatest market because you can buy an 8 year old slave or a 17 yr old bride with a few hundred dollars in any given city in China or Asia for that matter. These old pervs in Asia are so delusional!! They dare not mention the grave human rights abuses they caustically deny exist. He's selling a product, nothing more.
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    • Sun Nov 16th 00:29 AM | Rating: 0 0
      Commented on:
      UltraShort ETFs: At a Tipping Point?
      I have a feeling U.S.. markets are bottoming out and could benefit from a sudden shift of funds from abroad into U.S. money markets/not bonds when/if the Asian "domino" falls in the financial crisis. So, I'm holding my EEV but dumping domestic shorts. Also, check out the next Direxion 3x funds, they're awesome! =)
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    • Thu Nov 13th 16:25 PM | Rating: 0 0
      Commented on:
      Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?
      If we cut American worker's wages, they will not have the purchasing power available to them to buy the products they make, thus they will not make any products and will continue to import cheap junk until Obama's admin raises the tariffs and cuts the corporate welfare to companies that share your ideology.
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    • Fri Nov 7th 14:20 PM | Rating: +2 -1
      Commented on:
      Jobs Are Obama's Job No. 1
      International competition: What was the mistake made that caused the global depression in the 30's? The competition was blocked and creativity and efficiency collapsed in U.S. manufacturing. Obama needs to open up contracts to companies from around the world for domestic infrastructure projects. Of course U.S. citizens will be the ones working on the projects but this will encourage more creativity and efficiency not to mention productivity in U.S. markets. The rest of the world won't be cut out and America will benefit from new ideas, technologies, etc... We really need to change from the top down, like getting rid of people such as Rick Wagoner of GM and welcome in new people with new ideas.
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    • Thu Nov 6th 18:27 PM | Rating: 0 0
      Commented on:
      What Do the Rate Cuts Mean for the Market?
      When global inflation does occur, the U.S will be in the best position to raise rates. Shouldn't that environment weaken the currency though, when it should strengthen have strengthened it in the past? Its getting so confusing that I'm about to suggest doing away with ALL global currencies, deleting ALL national debts and hitching back onto the gold standard until a single global currency can emerge. Seems to me we would be ready as a civilization for such a move after the Obama presidency.
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    • Sun Nov 2nd 17:01 PM | Rating: 0 0
      Commented on:
      JP Morgan: Worth Banking On - Barron's
      Should be interesting to see what the profits are when customers aren't paying their rent or interest payments after JPM's moratorium on foreclosures.
      View article »
    • Sun Nov 2nd 13:26 PM | Rating: 0 -1
      Commented on:
      Gold's Fundamentals: 'Extremely Appealing'
      The "fundamentals&quo... have shifted into a new paradigm and are now being re-defined. If central banks do not go back to a gold backed currency system, gold's only value in our world will be for ornamental purposes and when prices become too high, that demand is destroyed and its market equilibrium reigns despite significant crises, inflation and deflation.

      Gold is now a slave to the consumer market, not an asset for national or personal security.

      Let's wait and see who is the first to adopt the Bretton Woods when the storm calms.
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    • Sun Nov 2nd 13:19 PM | Rating: 0 0
      Commented on:
      U.S. Economy: Is the Glass Half Full?
      Bottom Line: Inequality is naturally interwoven into the fabric of society and is what encourages us to reach for higher goals and without it, we'd be nothing more than cavemen. Congress must act as the Burkean representative in the future and do what is sensible, not what will gain them an numerically powerful voting bloc's favor. Forcing GSE's to "spread the wealth", did not work in the past and is what got us into this mess. Wallstreet gets the blame but really did nothing more than what they do best, move money around. Congress failed us.
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    • Fri Oct 31st 21:59 PM | Rating: 0 0
      Commented on:
      Why Oil and Gold Are Headed Much Higher
      Cramer called for $1600 gold and Goldmantheft called for $250 oil. Hmmm... Do you really think the power center of the financial world will allow these two devices to crush consumer purchasing power of their grandiose multinational pieces of sh*t from abroad?
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    • Fri Oct 31st 21:56 PM | Rating: 0 0
      Commented on:
      Chevy Volt: Can It Survive GM?
      Wagoner will bury GM and move to his favored China before the Volt makes it to the market in the "write-off" States of America. Can someone please introduce the concept of change to U.S. automakers? Why is the Ford family and Wagoner still controlling these cornerstones of American manufacturing when they have proven to be such abject failures.
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    • Thu Oct 30th 12:36 PM | Rating: 0 0
      Commented on:
      Vikram Pandit Rejects CitiSachs?
      With feuding like this in the banking industry, who can you trust for an unbiased analysis of fundamentals other than yourself?
      View article »
    • Mon Oct 27th 19:33 PM | Rating: 0 0
      Commented on:
      GM, AIG, Fannie and Freddie: Bailouts in Common?
      The government shouldn't be in the business of keeping failing businesses in business. The market determines which businesses thrive and which die. This is what encourages innovation better business practices, this is what keeps the U.S. ahead of the curve -not bailing out failures.

      The government should consider funding new and innovative start-ups like Tesla Motors rather than pump more money into corporations like GM that are being run into their graves by failed leadership that is disconnected from the new generation of consumers.
      View article »
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