[DeTomaso] Very little Pantera content

[RFogle1 at aol.com]

The rich are getting richer and the poor are getting poorer, but one does  
not necessarily cause the other.  Our standard of living is dropping  
because our politicians have at best allowed, and at worst encouraged our high  
quality jobs to move overseas.  Here in NE Ohio our congressman was the  
deciding vote on NAFTA, and as best as I can tell we did not even get any good  
pork for that vote.  Things haven't been right in Ohio or Michigan  since.  
(Big game is tomorrow.)  Thankfully we had the good sense to  vote him out at 
the next election, but the damage was done.  He might be in  witness 
protection for all I know.  Wacky old Perot was right, a giant  sucking sound.
 
I own a small business, and I can tell you that the excessive amount of  
govt. regulation has stifled any growth that we might have had in the last ten 
 years.  I have had as many as five employees in the past, and spent two of 
 the last three years trying to survive with one.  Low interest rates  
generally only discourage the accumulation of capital that is required to start  
a business or grow one.  Artificially low rates like we have we have had  
for the past couple of years also encourage investors and business owners to  
make poor investment decisions.  Cheap capital lulls folks into thinking  
that property values are rising, when in fact it was just the availability of 
 cheap money that made the home or opportunity attractive.  Take the cheap  
money away and all of a sudden the house is not worth as much.  Sound  
familiar?
 
  I am not a big Bush fan.  I thought he was spending my kids  money way 
too loosely.  My wife is an inner city teacher and no child left  behind does 
not seemed to have helped the situation, but anyone with a lick of  sense 
knew that it didn't really attack the heart of the problem when it was  
introduced.  Career politicians, regardless of party for the most part are  not 
good for the country.  Yes, I do have health insurance and provide it  as a 
benefit to both of my employees.  Its a nice plan and my staff  (paycheck to 
paycheck guys that work with their hands) are worried that they may  be taxed 
on their "cadillac" plan.  I believe in health care reform, but  none of 
the ideas that make sense are even being discussed, like torte reform,  or 
opening up state lines to foster competition.  Instead, somehow we are  going 
to insure everyone, the government is going to be involved, and its  going to 
cost less.  I need heath care because by the time I can afford a  Pantera, 
I'm going to need a hip replacement just to get in and out of it.   Ron  Go 
Bucks!
 
 
In a message dated 11/20/2009 7:26:19 P.M. Eastern Standard Time,  
JJD1010 at aol.com writes:




In a message dated 11/20/2009 4:53:43 P.M. Central Standard  Time,  
RFogle1 at aol.com writes:

Many of the  changes to  the economy and government over the  past 30 years 
or so are  hostile  to wealth creation and therefore Pantera   ownership.

.

Ron, 

In the mid 80's my marginal federal  tax rate was 50%, in  the early 80's 
the highest rate was 70%. It's  35% now. Cap gains  rates are at all time 
lows, 
too. Interest rates  are  also lower.

Recent reports I've seen are that the rich are  getting  much richer but it 
has not trickled down to the lower 95% of  the population.  According to L. 
Zingales, a professor at the  conservative Univ of Chicago  Booth School of 
Business, in the last  25 years, GDP grew by 100% but median  personal 
income 
only grew 17%.  The richest 1% saw their income triple.  Check it out.

In just the  first 4 years of the Bush administration,  the size of 
government  grew 33%. And just a reminder, the federal bailout  being 
implemented by  
the Obama administration was actually put in place  by Bush's Sec'y  of the 
Treasury, Henry Paulson, a Goldman Sachs alum.  

BTW,  do you have health  insurance?

Jeff
6559


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