egghead

Stark--

1) Enron had nothing to do with your returns--the run up in the market was lets just say over subscribed and was due for a decline--which the market did--but quickly made up those declines and significantly increased from 2003 through 2007--as for 2008 again the market recovered--but not nearly enough to make pension plans whole again (but when the plan calls for over 8% returns it was a pipe dream)--and it may be some time before we can dig our way out of Obama's anti business hole

2) once again you have no clue what you spout-but a waitress in an I-hop earns a pretty good wage based on the skill set (and it certainly isn't $2.13 an hour--in fact at 5 table turns per hour the wage would be closer to 12 bucks an hour based on their average check size and a typical left wing tip at 10%)--as for those foreigners--cmon Stark get real--it aint happening in large enough numbers to show up on any labor statistics-and I highly doubt you have to worry about paying for food stamps and rent subsidies for anybody--I would hope you are one of the vanishing breed of tax payer who actually pays more in taxes than they receive in benefits-

3) when pray tell was it illegal for companies to go bankrupt-We have basically had the same law since 1938--and has been reformed several times since the last being 2005 and refined 2007

Ps-"BTW..you really think turning the Government into a "private equity" concern is going to protect your freedoms?"

I want the government to stay the heck away from the free markets--You can see with Obama's green energy investments--the government doesn't do well when they act like they are a "private equity" firms

Stark--you don't understand business very well do you--but hey why should you--It is about return on investment Stark--and I assume you have a pension since you are retired--How do you think you get paid--it sure isn't based on what you put into your pension plan--it is about the investments your pension plan made to pay for the pension promises made to you--Do you think your pension plan is investing in companies who aren't getting a good return on their investment?

as for Dunkin Donuts-you have to stay up to date--it is was bought by three private equity funds including the (ready for this) Bain company ($2.425 billion in cash)--as for your confusion with foreigners owning franchisees--that is way to difficult to explain to you except for if they are in this country--they hire people-they invest in the local communities-they provide a local service and pay local taxes--why in the heck would you care who owns it--except for a franchise fee--all the profit and benefit goes into the local franchise pocket (typically) for them to invest in building more locations and creating more jobs

No diversion just pointing out your poor memory--and pointing out the fact that anyone with a college education back in the 70's and could breath and chew gum could pretty much write their own ticket -(I also began my career in the 70's)

As for "capital flight is the result of greedy unpatriotic traitors trying to avoid paying their share for the system that enambed their wealth......eh eggy??"


I would point out Farley--Confiscation of wealth is certainly not "patriotic"--Nor is paying taxes--

American tax law itself is overflowing with statements that the determination of one’s taxes is a purely legal matter in which patriotism is irrelevant--In fact Farley a taxpayer’s perceived legitimacy of both the government’s imposition of a tax and the means by which it adopted the tax strongly correlates with taxpayer compliance with paying a tax--and Farley our tax code compliance is built based on the perception that people want to maximize their economic wealth by minimizing their tax burden--

As for "share"-it used to be that the vast majority of folks paid a "share" of the taxes needed to run this country--alas that is just not happening anymore--and now we have a case where the "wealthy" are now being asked to support more and more of the Tax burden- in fact the tax code today asks our wealthy to support more of the total raw dollars of the burden than any time in the history of the country --and after being pilloried and vilified by our government--are saying sorry -You no longer offer me a good deal for the money--and I am off for greener pastures It is a wake up call for lefties who continue to spout their class warfare rhetoric

That didn't get approved until August 1971--and had no effect on the economy 69,70, or 71 -once price controls (which never work) started to cause food shortages the authority ended in early 74-So again Farley your quote "69-70-and 71" were an economic disaster" is once more proven a stretch of the facts

"69-70-and 71" were an economic disaster"--Farley are you suffering from dementia--While the economy started to cool it was nothing compared to the last half of the decade

69 had the lowest unemployment rate since 53--and the worse employment issue we had in that decade was in 1975 (then the Carter disaster started)

http://data.bls.gov/...ods=Annual+Data


economic paper for 1969-70 about the "mini recession" used to fight inflation-it was one of the mildest "recessions" in US history--and only lasted 11 months (caused by attempt to start closing the budget deficits of the Vietnam War -and increasing interest rates and tightening monetary policy)


http://www.nber.org/chapters/c4394.pdf

It wasn't until the Jimmy Carter disaster that things got bad

* that during the Carter Administration the inflation rate climbed higher each year he was in office, rising from 6 percent in 1976 to more than 12 percent by 1980

* the unemployment rate remained high at 7.5 percent

* interest rates reached a high of 20 percent or more twice during 1980

* Carter's Misery Index scores a US record high of 16.27.