on how they would of handled the melt down.
They sit back and complain aboy Bernanke and Gietner. But they give NO clue on how they would of solved the problem.
Its easy to complain about someone elses solution.
But can't come up with any solution to give to this baord.
Step up boys and girls.
IN LAST CC: CRIMINAL THUG REED HASTINGS WAS ASKED TO COMMENT ON AMAZON COMPETITION BUT CRIMINAL THUG ANSWER WAS:
I HAVE NO CLUE
BUT IN 10-K FILING THE CRIMINAL THUG SCREAMS AMAZON THREAT LOUDER
I like the flat tax. But it appears that the flat tax and socialised health care go hand in hand so the they say on capital hill. To much like socialism. heaven forbid we have a flat tax and decent health care. having been a self employed person and running a small company i hate to tell you but i ot killed on both of these subjects.
Next step is eliminate the IRS tax code by instituting a flat simplistic tax system.......this will eliminate billions of dollars wasted on tax prep work and redirect to capital reinvestment. Eliminate capital gains tax to spur investment in 2012 AFTER eliminate the mockery FED mandate of full employment and QE2 so that stock market will not crash.
well where are u now OP isnt that good enough....maybe you should pool your resources and put me on ballot for president cause anyone would do a better job than what is occuring with no job growth, inflation ballooning, and WW riots
Massive Civil unrest in USA is coming soon and no other way out next.......
Read on LION BROADCASTING FINAL BROADCAST here
Ok my friend here goes....Cut corporate tax rates to 25% from 35% AND create a 2 yr tax holiday on foreign corporate funds abroad that a reinvested in capital here domestically to suck jobs back into US. Cut govt spending across the board by 20% reducing budget back to 2008 levels. Accelerate domestic drilling programs immediately to create jobs and lower energy prices over the long term. Eliminate ethanol program so that corn output can be redirected to food consumption and wheat plantings effectively immediately. Repeal OBAMACARE and fire EPA chief. ANYTHING ELSE DO I MAKE MYSELF CLEAR?
No need to shout. I agree with this scenario 100%.
So why can the common people figure this out and our ridiculous government employees did not go with this scenario?
I am sure we all know the answer to save there buddies butts. So why not protest like the easteners?
Are we all afraid of our own government?
That is very simple Mr. Smart. Recession in economy is the force of nature like rain and snow you can not fool with it. Leave nature take its course. Nobody can fight nature. Starting with George Bush last year of presidency to Obama 2 years Bernanke spend trillions of dollars to fight nature. Their crying baby song is to create jobs. Did they create any. The nature Kicked every bodies' behind. The artificial reason for spending these trillions is to create jobs but the real reason was to save my bodies in Banks and on wall street. Now the Republicans are complaining about the sky rocket deficit which they created themselves. Obama was not here when Bernanke and Paulson spend trillion dollars to save friend at Banks then Obama came and he went along with spending and saving the billionaires. He is as guilty as Bush. Bernanke created a bubble by printing dollars to buy toxic debt then what this will end on March 15. Did teh normal Middle class American gain any thing from these trillions spend the answer is ZERO. This was not the first recession in history they should let the economic nature take its course. In recession companies die and go Bankrupt for brand new companies to get born stronger and healthier.
COWARD ZOMBIES IN USA
So who will do anything about it?
The political right prefers to change the subject, while the left does not seem to have the time or energy to make economic justice its principal concern - even as polls show the economy is the number one problem for most in the US.
Progressives should hang their heads in shame at the minimal amount of activism taking place against the banks and the escalating numbers of foreclosures. Homes and hope are being stolen from people for whom the term "depression" now has a personal, as well as economic, meaning.
The other day, economist Jeff Sachs - who has a lot of atoning to do for his own misguided, destructive economic advice to Russia after the fall of the Soviet Union - warned that little is being done about economic inequity and the growing ranks of the poor in the US. He asks if people who run things in the US want "another Egypt". He is a policy wonk, not an activist - and likely fears the idea.
Many activists say they want to emulate the Egyptians, but who will organise anything as effective - even in a land that used to be known for people's movements - to raise hell? In Egypt, young people used the internet to organise and mobilise for change. In the US, the internet seems to function more as an escape valve, consuming hours of our time and giving us another way to talk to each other - and ventilate against the government. Social media here seems to be more for socialising.
The government supports internet freedom abroad - but restricts it and spies on it at home. Obama has already supported a law allowing him to shut it down here in a national emergency.
The passivity of the public is one result of the inundation by middle-of-the-road media and effective information deprivation.
As Noam Chomsky puts it: "The population in the United States is angry, frustrated and full of fear and irrational hatreds. And the folks not far from you on Wall Street are just doing fine. They're the ones who created the current crisis. They're the ones who were called upon to deal with it. They're coming out stronger and richer than ever. But everything's fine - as long as the population is passive."
That is our problem, Bernie. Even if the people want to know, it is not that easy to find out. Let us thank the media and our government for that.
News dissector Danny Schechter edits Mediachannel.org. His new film, Plunder: The Crime of Our Time, tells the story of the financial crisis as a criminal tale. He can be reached at: email@example.com
The views expressed in this article are the author's own and do not necessarily reflect Al Jazeera's editorial policy.
Warning to USA retail working class on Biggest Scam Loot Bubble NETFLIX(NFLX) Stock
AVOID RATING vs ALL CRIMINAL FRAUD ANALYSTS AT MORGAN STANLEY, GOLDMAN SACHS, PIPER JEFFREY, JP MORGAN AND REST OF THE FRAUD STREET GANGS
nail in the coffin=Netflix scam streaming hype goes bust next
BIGGEST FRAUD SPIN RESEARCH REPORTS BY MORGAN STANLEY/GOLDMAN SACHS/PIPER JEFFREY/JP MORGAN AND THESE CRIMINALS OWN THE SCAM SHARES AND CONTROL THE FLOAT AND MANIPULATING FOR SHORT SQUEEZE SCAM AND INSANE TARGET PRICE CRIME SCENE
Here is my reasons:
1. No long term or loyalty customers base.
2. No value if Subscribers begin to leave.
3. When big boys start to jump into this business and they WILL do it. NFLX may not have a chance to hold SUBSCRIBERS.
4. Cost will increase, lower profit margin and lost subscribers to other service.
NFLX has no other business to back it up like Amazon and other. It only count on the subscriber and it is looking dangerous by the day. Time will burn it likes BLOCKBUSTER!
AND TECHNOLOGY CROSS VENTURES/FMR CORP AND BLACKROCK PARTNERS IN CRIME
CRIMINAL THUG REED HASTINGS PLANNED AND EXECUTED THIS SELF ENRICH PONZI SCAM WITH HIS FRAUD STREET CRIME PARTNERS AND FREE LOOT WITH STOCK OPTIONS AND BUY BACK SCAM RAPING BALANCE SHEET AND USING $200M DEBT SCAM IS CRYSTAL CLEAR AND THE CRIME SCENE IS GLOWING LIKE A DIAMOND IN A COAL MINE
Greenberg: The Last Short Standing in Netflix
FBI JOKERS= INSIDER TRADING SCAM AND BIG FISH..THEY WILL NEVER TOUCH EITHER
Lenny Brecken: Thinks the company has "accounting issues." The company is overstating its cash flow net income. Accounts payable rose well over 100% in Q4 to completely wipe out all the cash flow for 2010. Company is not generating FCF after adjusting for this account payable change and after adjusting for the fact that they are under-amortizing on the net income side their content costs. Historically the company has amortized, relative to their cash outlays, a little under one. BUT this has dropped to under .5 in Q3 and Q4, which is a $200MM swing on pre-tax income -- which would essentially account for the entire pre-tax income for 2010. They are playing accounting games here and it will catch up to the company. Stock will go "well under $70." Also, Amazon has to enter this space to compete with Apple -- and they are coming within weeks, not months. And when they do it will freeze NFLX's sub growth.
More from Yahoo Netflix Message board on this scam:
NFLX-Problems with Accounting and Earnings
Netflix has possible accounting and earnings manipulation. If you look at Income Statement, revenue rose from $553.2 million to $595,9 million from Sept quarter to Dec. quarter, but cost of revenues for subscriptions jumped from $292.4 million to $336.7 million. Thus, it cost Netflix $44.3 million to get an additional $42.7 million in revenues this quarter! The only way that they were able to show growth in operating income was by reducing marketing expenes from $81.2 million in September quarter, to $62.8 million in December quarter. Because marketing costs have grown every prior quarter, it appears they must have capitalized or shifted some of these expenses! They also kept their "Provision for Income Taxes" virtually the same for the December quarter as the September quarter, even though net income increased from $37.9 million to $47 million! Without these accounting tricks, earnings per share would have been 46 cents or half what NFLX reported, and down 27 cents or down 37% from the $73 cents reported in the third quarter. I am sending notice of my review to the SEC and also contacting Netflix's auditors. Here is their income statement. Please review it and judge for yourself
NETFLIX = INSIDER SELF ENRICH PONZI SCAM VIA CRIME BUY BACK SCAM =BALANCE SHEET RAPED AND $200M DEBT SCAM BUY BACK
scam was planned in late 2009
in a a bunker
By Reed Hastings/Technology Cross ventures/Morgan Stanley/Goldman Sachs/FMR corp
Short interest was close to 39% beginning of 2010 and they ganged up $200M debt was arranged by the crime partners and teh Gang controlled the float and $200m debt buy back at any insane price with $300M buy back voted by 5 board of directors created this scam bubble.
Compare Same Analyst research reports 2009/early2010 vs new scam research reports same criminals and you can connect all dot of this biggest scam ever co-ordinated in sync and still fearless and why?
SEC Criminals don't see any scam......
ONLY IN USA THEY CAN LOOT UNDER SUPERVISION OF SEC CRIMINAL WATCH DOGS