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Bank of America Corporation Message Board

whyduyouask 9 posts  |  Last Activity: Mar 17, 2015 6:10 PM Member since: May 4, 2013
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  • "I'm on a plane heading to Washington, D.C. for a Common Cause board meeting, to rally opponents of the Trans Pacific Partnership, and meet with congressional Democrats. Often when traveling to Washington these days I feel like I'm heading into a war zone. The city is now partly controlled by right-wing zealots busily turning the anger and frustrations of tens of millions of Americans, whose jobs are insecure and wages going nowhere, into resentments against immigrants, the poor, people of color, and the U.S. government itself. The political challenge is to direct that anger and frustration toward the real causes of their plight -- the untrammeled power of big corporations, Wall Street banks, and billionaires to erode jobs and wages through such things as, say, the Trans Pacific Partnership.

    "What do you think?"

    Sentiment: Strong Buy

  • Reply to

    Feel good economics

    by jhitcher2011 Mar 14, 2015 3:45 PM
    whyduyouask whyduyouask Mar 17, 2015 5:29 PM Flag

    Except that is a fake quote. Einstein never said it. He was not rude like some people are.

    Do a search on "Fake Quotes Project - Einstein"

    Sentiment: Strong Buy

  • "The Export-Import Bank guarantees loans to overseas customers of big American corporations like Boeing, Caterpillar, and General Electric (along with a smattering of smaller businesses). Without congressional reauthorization, the Bank will close June 30. The big-business Republican establishment -- along with the U.S. Chamber of Commerce, the National Association of Manufacturers and 46 other business trade associations in Washington -- wants the Bank and is lobbying hard to keep it funded. Tea Party Republicans want it ended.
    Who’s right? On this one, the Tea Party. Ex-Im bank subsidies to the giant global corporations that get most of its benefits don’t really preserve American jobs, for two reasons. (1) These giant corporations’ workers and subcontractors are arrayed all over the world. (2) Their foreign customers who receive the subsidies often gain an advantage over their own American competitors, potentially resulting in fewer American jobs. An Ex-Im Bank subsidy to the overseas customers of Boeing, for example, ends up aiding foreign airlines that compete with U.S. based airlines over many of the same international routes.

    "There’s no reason to continue this corporate welfare. The Ex-Im Bank shouldn’t be reauthorized."

    Sentiment: Strong Buy

  • "A petition calling for charges to be filed against 47 U.S. Senators who sent an open letter to the leaders of Iran, in alleged violation of the Logan Act (a law that forbids unauthorized citizens to negotiate with foreign governments) has already collected over 165,000 signatures. I can't imagine the Justice Department actually going after the 47, or the constitutional and political crisis that would ensue if it did. Yet I think it important that our voices be heard on this matter. Allowing a political party to conduct its own foreign policy undermines the authority of the President and poses a threat to the peace and security of all Americans. I urge you to add your name, and send a clear signal that this behavior is unacceptable."

    Sentiment: Strong Buy

  • At $16 a share that is 250 million shares. That will raise the value of the remaining shares.

    Sentiment: Strong Buy

  • "Which GOP presidential hopeful delivered the following words?

    “We have seen tax-and-tax, spend-and-spend reach a fantastic total greater than in all the previous … years of our Republic. … Beyond this plush curtain of tax and spend, three sinister spooks or ghosts are mixing poison for the American people. They are the shades of Mussolini, with his bureaucratic fascism; of Karl Marx, and his socialism; and of Lord Keynes, with his perpetual government spending, deficits, and inflation. And we added a new ideology of our own. That is government give-away programs.”

    "Hint: It wasn’t Ted Cruz, Scott Walker, Rand Paul, Rick Perry, Rick Santorum, Newt Gingrich, or Jeb Bush.

    "It was Herbert Hoover. Note that Hoover didn’t have a sterling record on the economy. When president, he presided over the Great Crash of 1929 and ushered in the Great Depression. By the time he was voted out of office in 1932, one in four Americans was unemployed. In the years since Hoover uttered these words, Republicans haven’t come up with a single new idea -- or even a new theme. And their economic record hasn't been sterling, either."

    Sentiment: Strong Buy

  • "Two Republican presidential aspirants, both governors, have declared war on their state university systems. After having slashed corporate tax rates, Louisiana Governor Bobby Jindal has also slashed the state’s university budget, threatening the flagship Louisiana State University with a 40% cut next year. Meanwhile, Wisconsin Governor Scott Walker is proposing a 13% cut in state support for the University of Wisconsin (along with cutting out of its mission statement “to educate people and improve the human condition” and “search for truth,” and substituting meeting “the state’s work force needs”).

    "Public universities are among America’s greatest legacies, dating back to the land-grant universities of the 19th century. They now educate over 75% of our college students and provide basic research that undergirds our economy. They need to be expanded rather than cut. That two Republicans eyeing the White House have such little regard for American learning is a sad commentary, both on them and on a Republican Party that often acts as if an educated electorate is more of a problem than our democracy's core strength."

    Sentiment: Strong Buy

  • "Mitt Romney charges that “under President Obama the rich have gotten richer, income inequality has gotten worse and there are more people in poverty in American than ever before.” Well, yes. Mainly because Republicans refused to raise the minimum wage, or extend unemployment benefits, or vote in a jobs bill. And they slashed food stamps, housing assistance, and so on. But does Romney really think Americans forget that three years ago he dismissed 47 percent of Americans as lazy parasites; told a national TV audience he was “not concerned about the very poor;” and said the topic of inequality was too divisive to even talk about. “I think it’s about envy,” he said then. “I think it’s about class warfare.”

    "Romney is a pioneer in generating widening inequality. His economic agenda is based on cutting taxes on the wealthy, and keeping the loopholes that allowed him to pay a tax rate of 11%. He made his fortune in private equity -- buying up companies and then squeezing their payrolls, laying off workers, loading the companies with debt, deducting the debt from corporate taxes, and then selling these pumped-up, down-sized companies for more than he paid for them.

    "Mitt Romney is gives new meaning to hypocrisy."

    Sentiment: Strong Buy

  • Reply to

    WHY BANKS DOWN TODAY?

    by jkdoctor Jan 5, 2015 9:47 AM
    whyduyouask whyduyouask Jan 5, 2015 10:05 AM Flag

    Happens before any strong upward swing. Time to buy. Earnings out in two weeks. Will be big.

    Sentiment: Buy

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