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  • flyingzorbaman flyingzorbaman Mar 22, 2010 9:48 AM Flag

    Entry point

    Ok, but let's keep it nice. Political conversations can get off the rails real quick these days. (not that i expect it from you; you seem reasonable to me). And this is my take, or opinion, on the politics IN CONTEXT of stock trading.

    Health care reform will strengthen our economy. Now that it's out of the way, financial reform is on deck. The GOP can't stand on a platform of repealing health care reform because it's an untenable position. With financial reform, the GOP's major objection at this point is related to Sen. Bob Corker's desire to exclude 'payday lenders' from the regulation; incidentally, Corker receives enormous sums of cash from payday business groups. The GOP will be unable to oppose financial reform.

    Getting these pieces of legislation out of the way brings us closer to getting Nat. Gas legislation passed.

    Certainty is being created.

    Sen. Minority Leader Mitch McConnell tried to keep the GOP together to stop all movement in Washington. Now that the Dems have broken their backs, finally, the road forward is cleared. See the quote from David Frum Below.

    David Frum, Former Assistant To President George W. Bush:

    "No illusions please: This bill will not be repealed. Even if Republicans scored a 1994 style landslide in November, how many votes could we muster to re-open the “doughnut hole” and charge seniors more for prescription drugs? How many votes to re-allow insurers to rescind policies when they discover a pre-existing condition? How many votes to banish 25 year olds from their parents’ insurance coverage? And even if the votes were there – would President Obama sign such a repeal?

    We followed the most radical voices in the party and the movement, and they led us to abject and irreversible defeat."

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    • #1. I hear that all the time, but with a big enough majority a Veto can be over ridden.
      #2. Health Care reform is needed, but this isn't how. "My Opinion" Ask you Doctors.
      #3. I think if the big banks borrow tax payers money at Zero Percent they should pay us at least fifty percent back to the Tax Payers on all money not invested in the US.
      #4. You can't just blame Republicans, remember in 2001 Bush tried to regulate Fanny and Freddie. Not to mention four more times up to 2006, but were shot down by the same people who now want to fix it.
      #5. Nat Gas Bill will pass, because they don't want to upset PA. Well I should not underestimate the Liberal Waco's. "My Opinion"
      #5. Like you say Political Talk on these Boards can get messy, so I will end with this////WRPT looks really good today. I set a buy order at $15, and hope you make a pile of cash.
      Good Luck Longs.

    • We are stuck. Higher deficits down the road. Higher taxes. Investment headwinds to get stronger. Oh well.

1.67-0.02(-1.18%)4:00 PMEDT