tag:blogger.com,1999:blog-2760353953251845523.post3777184473578060019..comments2024-02-10T02:14:39.898-05:00Comments on Buckeye Surgeon: Era of Responsibility?Jeffrey Parks MD FACShttp://www.blogger.com/profile/15650563299849196122noreply@blogger.comBlogger53125tag:blogger.com,1999:blog-2760353953251845523.post-38977176848112631692009-12-09T11:52:23.054-05:002009-12-09T11:52:23.054-05:00TARP seems to work! Thus far, that is.
Looking ba...TARP <a href="http://www.nytimes.com/2009/12/10/business/economy/10audit.html?_r=1&hp" rel="nofollow">seems to work</a>! Thus far, that is.<br /><br />Looking back, what an [insane] roller coaster ride that has been. Meanwhile, the new administration is chipping away the old establishment through various reforms. Cautiously optimistic.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-26091193282751534662009-08-08T14:16:54.883-04:002009-08-08T14:16:54.883-04:00Investment aside, i find this a golden opportunity...Investment aside, i find this a golden opportunity to observe how folks react to crisis.<br /><br />From<br /><br />airlines<br />to banking<br />to auto<br />to energy<br />to health care<br />to education<br />to SS/welfare<br />to agriculture<br />to transportation<br /><br />[not to mention defense and aerospace] all need some sort of bailout or reform/overhaul.<br /><br />The crisis is far from over for Americans.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-5193615240502004172009-08-08T14:09:42.186-04:002009-08-08T14:09:42.186-04:00Re: joegrind
You bet.
"Be cautious when oth...Re: joegrind<br /><br />You bet.<br /><br />"Be cautious when others are greedy; be greedy when others are cautious," - Warren BuffettAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-70190681702448832902009-08-08T13:58:12.226-04:002009-08-08T13:58:12.226-04:00@Anon. 12:35
wow...this thread is 5 months old.......@Anon. 12:35<br />wow...this thread is 5 months old....feels more like a year. I believe most of the posters here have retreated to the woods (a la 'Goin Galt) or are busily looking for Obama's birth certificate....or more likely stocking up on guns as they fear that this is just the calm before the storm. Until then, I'll continue to buy these stock market deals (up 49% since March 9) and look for real estate to invest in.joegrindhttps://www.blogger.com/profile/05727976294725190063noreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-83338869774994706482009-08-08T12:35:21.044-04:002009-08-08T12:35:21.044-04:00Thanks goodness, the CPR [seems to] work.
http://...Thanks goodness, the CPR [seems to] work.<br /><br />http://www.nytimes.com/2009/08/08/business/08leonhardt.html?_r=1&hp<br /><br />“Bernanke, Obama, Geithner and Summers were intelligent enough to know that the right-wing crowd was crazy to say, ‘Let the banks go bankrupt,’ and confident enough to ignore the left-wing ‘Nationalize the banks’ crowd”....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-45521554211783096982009-03-05T18:48:00.000-05:002009-03-05T18:48:00.000-05:00Since many of us are in health care or science, he...Since many of us are in health care or science, here is a news article that you'll probably find interesting. Whether it will work or not, i find it in sharp contrast to last administration's attitude and approach.<BR/><BR/>How can we better spend the annual expenditure of $2.5 trillion on health care? It's a necessary but worthy contest. (<A HREF="http://www.nytimes.com/2009/03/06/us/politics/06web-health.html?_r=1&hp" REL="nofollow">NY Times article</A>)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-62580710511618831772009-03-03T13:59:00.000-05:002009-03-03T13:59:00.000-05:00That, of course, will take a lot of effort and inv...That, of course, will take a lot of effort and investment (using tax revenue and money that gov doesn't actually have). That's why accountability is on top of the list in dire time like this.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-12711901163819757182009-03-03T13:58:00.000-05:002009-03-03T13:58:00.000-05:00...oh..at the risk of being taken too literally ag......oh..at the risk of being taken too literally again....my last post in its entirety is sarcastic. <BR/>(gsw= we all know our ABCs)joegrindhttps://www.blogger.com/profile/05727976294725190063noreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-74431938767201409422009-03-03T13:52:00.000-05:002009-03-03T13:52:00.000-05:00It'd be more than unfortunate if the economy final...It'd be more than unfortunate if the economy finally recovers but only after a majority of private or gov entities gone out banana. That --- a long and unrecoverable depression --- is something we cannot afford to have. Historically last time that happened it took a World War (WWII) to rebuild and restart the whole thing. Ideally what we hope to do is using healthcare + edu + clean energy + etc as a dual-purpose medium (invest + unclog the credit) to jump start the credit flow before the infrastructure collapses.HMShttps://www.blogger.com/profile/17168620011502808236noreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-81068380038885030352009-03-03T13:45:00.000-05:002009-03-03T13:45:00.000-05:00Yes.. evil Government. If it wasn't for that pesky...Yes.. evil Government. If it wasn't for that pesky government-mandated sterile pratice thingy or annoying vaccine programs, the ills of society at the time would have only kept the 0.05% that were immune alive....this would lead to a global population of 100 million...and then yes...we wouldn't have global warming, overpopulation...we probably wouldn't even need healthcare...survival of the fittest, baby.joegrindhttps://www.blogger.com/profile/05727976294725190063noreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-7767067406962312552009-03-03T13:36:00.000-05:002009-03-03T13:36:00.000-05:00The fear is that with so many bad numbers and ambe...The fear is that with so many bad numbers and amber lights going crazy, we will end up in an economic slump (ie depression) for years, if not a whole decade.<BR/><BR/>Theoretically, the economy will eventually recover. The uncertainty lies in the "how" and "at what cost" parts.HMShttps://www.blogger.com/profile/17168620011502808236noreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-54918905415234450502009-03-03T13:33:00.000-05:002009-03-03T13:33:00.000-05:00anon 1:30. Perhaps we are falling off the cliff o...anon 1:30. Perhaps we are falling off the cliff on the way down, because we climbed up the cliff to high.<BR/><BR/>We aren't falling into a hole. We are falling back to median. <BR/><BR/>The faster they rise, the quicker they fall. <BR/>The economy is doing exactly what it's supposed to do. Deflate the excess.The Happy Hospitalisthttps://www.blogger.com/profile/14392872203166584371noreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-9854660643560241822009-03-03T13:31:00.000-05:002009-03-03T13:31:00.000-05:00if recessions were avoidable, we do we have them e...if recessions were avoidable, we do we have them every 10 years? Should we have not, by no figured out some magical government plan to avoid them?<BR/><BR/>And if they aren't avoidable, then why do we always find it necessary to do something about them.<BR/><BR/>Perhaps the reason we keep having recessions is the government intervention in the first place.The Happy Hospitalisthttps://www.blogger.com/profile/14392872203166584371noreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-41876185689724601682009-03-03T13:30:00.000-05:002009-03-03T13:30:00.000-05:00Recent news and fell-off-the-chart numbers do sugg...Recent news and fell-off-the-chart numbers do suggest that we are way off the usual <A HREF="http://en.wikipedia.org/wiki/Business_cycle" REL="nofollow">cycles</A>.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-81118436991797610552009-03-03T13:24:00.000-05:002009-03-03T13:24:00.000-05:00Whether it is a cycle or not..does that mean doing...Whether it is a cycle or not..does that mean doing nothing whatsoever, allow 60% of the economy to fail and will bounce back on its own. If you subscribe to the 'K-wave Theory' look at what 'profound changes' were enacted to take the economy out of the winter depression. But no, I do not believe in this theory...cycles and harmonious motion can be found in anything whatsoever...in my opinion.joegrindhttps://www.blogger.com/profile/05727976294725190063noreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-88656179689729383712009-03-03T12:57:00.000-05:002009-03-03T12:57:00.000-05:00You say it's not an economic cycle. How do you kn...You say it's not an economic cycle. How do you know? It very well could be the 60-70 year economic cycle known as the "K Wave"The Happy Hospitalisthttps://www.blogger.com/profile/14392872203166584371noreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-60853973423900112182009-03-03T12:46:00.000-05:002009-03-03T12:46:00.000-05:00Buckeye, No one is advocating growing Government b...Buckeye, <BR/>No one is advocating growing Government beyond the giant it is right now (doubling in size over the last 8 years mind you). But I refuse to believe that the situation this country is in at the moment is a 'capitalist down cycle'...we all watch CNBC too. The 650K that joined the unemployment line in January beg to differ. This is a global problem verging on depression. All my previous comments were to try to enlighten you on the proposed increases in taxes. These increases are for the most part the sunsetting of previous tax cuts enacte by the previous administration. It does not mean the end of capitalism. Capitalism was alive and well in the Clinton years. Since you would rather us not invest in the future, what would be the best solution? Cut payroll taxes? People have to be employed to get a payroll. I agree with you, Government has never been anything but inefficient. Can such capital giants as Microsoft or Google take us out of this 'capital downcycle)? Or maybe you believe as was said in September that '..the fundamentals of our economy is sound' Because the previous Government put us in this predicament, should we shun Government for all future generations? Not everything Government touches becomes necrotic. The 4% tax increase is what is being asked. Everyone is being asked to tighten their belts...including Government (pay freezes etc). Offer a solution and move on from the name-calling that the Party of No is subscribing to. Will tax-cuts free up the credit market? Maybe it will bring world peace as well. I didn't hear an outcry when the medicare payouts were kept as is...ie. physician reimbursements would be cut as the previous 3 budgets proposed. <BR/>This is not a 'capitalist downcycle' when bad decisions only hurt the decision maker. Did all the newly unemployed invest in hedgefunds or buy million-dollar mansions?<BR/>I hear the same rhetoric on Fox everyday, switch the channel every now and then.joegrindhttps://www.blogger.com/profile/05727976294725190063noreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-33246900122549621232009-03-03T12:36:00.000-05:002009-03-03T12:36:00.000-05:00I don't trust that the fed can fix it. It will fi...I don't trust that the fed can fix it. It will fix itself in due time. Like all things economic always do. Like all business cycles. The current raping of the tax payer will only delay what what will happen anyway. The bankruptcy of bad businesses.<BR/><BR/>What makes you think that the government has more power than 300 million people do to efficiently allocate capital? <BR/><BR/>I think it was Ayn Rand who said that all depressions are caused by government intervention.<BR/><BR/>There's going to be lots of pain no matter how much money the government spends. But the pain will be worse for far longer the more we delay the inevitableThe Happy Hospitalisthttps://www.blogger.com/profile/14392872203166584371noreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-60521116767645949292009-03-03T12:29:00.000-05:002009-03-03T12:29:00.000-05:00Allow me to bounce you back with another question:...Allow me to bounce you back with another question: <BR/><BR/>Where will this “don’t trust the Fed” mentality lead us?<BR/><BR/>The credit sewage has backed up for more than a year and Obama has been in office for a little more than a month. The worse of credit turmoil and domino effect is yet to come.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-86363588776016756682009-03-03T12:14:00.000-05:002009-03-03T12:14:00.000-05:00It seems to me like the government is doing a terr...It seems to me like the government is doing a terrible job of getting credit to flow again, inspite of their trillions of dollars of free money? <BR/><BR/>Why do you think that is?The Happy Hospitalisthttps://www.blogger.com/profile/14392872203166584371noreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-4225181408021389562009-03-03T11:28:00.000-05:002009-03-03T11:28:00.000-05:00With respect, Sir, save your cup of cold water. Pl...With respect, Sir, save your cup of cold water. <BR/><BR/>Please read each other's comment in context, rather than out of context and with grain of salt, if you must. Otherwise, we will keep on pecking each other rhetorically over words or phrases while ignoring the larger picture.<BR/><BR/>From medical and non-medial alike Joegrind's "stop the bleeding" means maintain vitals and is the "C" part of A.B.C. equation, isn't it? The analogy means get the credit flow going again before the economy irreversibly withers away.<BR/><BR/>Sorry if this comes out sounding like stepping on people's toes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-50144627093221444412009-03-03T10:56:00.000-05:002009-03-03T10:56:00.000-05:00joegrind, my friend, if you were sitting across fr...joegrind, my friend, if you were sitting across from me I would be tempted to splash your face with a cup of cold water, to awaken you from your slumbers. You suffer from the delusion that our federal government is this benign, beneficent entity that will always do what is best for its citizens. Would that it were so! <BR/><BR/>Your posts seem to imply that you think increasing the government's bounty via taxation will necessarily mean that it will use those funds more wisely and more efficiently. Your premise is: give the government more money because it's an investment in our children/grandchildren etc etc. It sounds nice. But surely you are not naive enough to think that that's what actually happens in the real world? <BR/><BR/>You see, here's the thing. The money has ALWAYS been there. (See the bailout of banks/automotive industry et al). When there's enough pressure (i.e. special interests/lobbying) things get done. AIG needs 100 billion? Sure thing! Here you go! FannieMae and FreddieMac are on the verge of collapse? Take the federal checkbook! It's yours!<BR/><BR/>But healthcare and green energy reform? Bill me later. <BR/><BR/>What's happening is the Obama administration is using the fear and uncertainty of a capitalist down cycle as a distraction, allowing him to piggyback societal re-engineering onto the federal spending orgy. The difference is that he's not paying for it. I am. And I will continue to do so for as long as I live. And if you think tax cuts led to our current economic crisis then....wow... then the 2009 Gullibility Award is yours to keep. The money has always been available. Don't kid yourself. Three years ago we could have declared a "Health Care Crisis" and called for 100billion to help construct hundreds of new publicly-funded safety net hospitals across the country to serve those without insurance. But we didn't. The American public probably wouldn't have supported it anyway, so we're all to blame. But giving the Washington pols more money now doesn't fix a damn thing. (Unless your idea of overhaul involves publicly funded tattoo-removal parlors and high speed trains from LA to Las Vegas). It's an act of spurious credulity, willful suspension of disbelief. It's an act driven by vague, hopeful ideology.... <BR/><BR/>And the first thing you do for a GSW is not "stop the bleeding", FYI. Airway, Breathing, Circulation (ABC's).Jeffrey Parks MD FACShttps://www.blogger.com/profile/15650563299849196122noreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-89104407694725724062009-03-03T00:18:00.000-05:002009-03-03T00:18:00.000-05:00Anon 12:55 here:Joegrind beat me to the punch here...Anon 12:55 here:<BR/>Joegrind beat me to the punch here, but he is correct. You need to look at your sources buckeye. WSJ or whoever made that slide has an axe to grind (to be fair so does moveon.com). You've read enough science papers to know you have to take stats in context.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-81206729842041385232009-03-02T21:00:00.000-05:002009-03-02T21:00:00.000-05:00anon 822,Um. Where have you been? They are prin...anon 822,<BR/><BR/>Um. Where have you been? They are printing money out of thin air. That's why we are so screwed.<BR/><BR/>Spending it with only the Chinese to back it. What do you suppose happens when the trillions of dollars the Chinese are holding in foreign reserves become worthless do to the inability of the US government to support the dollar. They may decide to cash in their chips and go home. <BR/><BR/><BR/><BR/><BR/><BR/>The fact that neither democrats nor republicans can control their ability to spend my money is a testament to the inability of government to act for the collective good. If governments, were in fact able to spend money efficiently, poverty, crime, illiteracy and all others social evils would have long ago disappeared.<BR/><BR/>Spending is based on political capital, not moral. One need only look at the financial crimes of the century currently exploiting the American tax payer to know that it doesn't matter which party is in control, my money is theirs to waste on their political friendsThe Happy Hospitalisthttps://www.blogger.com/profile/14392872203166584371noreply@blogger.comtag:blogger.com,1999:blog-2760353953251845523.post-74724357595726276732009-03-02T20:57:00.000-05:002009-03-02T20:57:00.000-05:00Hear hear!note: GSW (gun shot wound)Hear hear!<BR/><BR/>note: GSW (gun shot wound)Anonymousnoreply@blogger.com