Comments on: Plunging markets reflect ugly political paralysis http://blogs.reuters.com/breakingviews/2011/08/04/plunging-markets-reflect-ugly-political-paralysis/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: libertariantr http://blogs.reuters.com/breakingviews/2011/08/04/plunging-markets-reflect-ugly-political-paralysis/comment-page-1/#comment-8328 Fri, 05 Aug 2011 08:06:47 +0000 http://blogs.reuters.com/columns/?p=6741#comment-8328 A well written article – but touches only on one aspect of the reasons for deadlock.
A second reason is that no one has a clear plan.

The only out is a reverting to a fixed exchange rate regime and falling back to Gold as the current Bretton Woods II floating rate regime and fiat money and pegging to the Dollar days are ante-deluvian.

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By: vksaini http://blogs.reuters.com/breakingviews/2011/08/04/plunging-markets-reflect-ugly-political-paralysis/comment-page-1/#comment-8327 Fri, 05 Aug 2011 06:42:25 +0000 http://blogs.reuters.com/columns/?p=6741#comment-8327 I think political paralysis is apt term used by author if last moment recent debt deal is kept in mind. In democratic set up the ability of negotiating in the best interest of the nation without wastage of much time & energy, of course after detailed meaningful discussion is a must acquired syndrome by any party.

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By: Ralphooo http://blogs.reuters.com/breakingviews/2011/08/04/plunging-markets-reflect-ugly-political-paralysis/comment-page-1/#comment-8326 Fri, 05 Aug 2011 06:13:11 +0000 http://blogs.reuters.com/columns/?p=6741#comment-8326 There are two ways to reduce deficits. You can spend less or you can increase revenues or you can do both. Why is everyone so terrified by taxes?

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By: edgyinchina http://blogs.reuters.com/breakingviews/2011/08/04/plunging-markets-reflect-ugly-political-paralysis/comment-page-1/#comment-8323 Fri, 05 Aug 2011 03:31:33 +0000 http://blogs.reuters.com/columns/?p=6741#comment-8323 Agnes, Medicare is a far larger problem than Social Security, and far sooner. So lets’ have at least a small amount of journalistic integrity here….
Secondly, if unemployment would drop from 16% (total unemployment) to around 5%, much of the annual budget deficit would be wiped away, and you know it (or you should).
However, I do give you credit for naming a major problem – Hate, vitriol and extremists are the norm in Washington now-a-days, and that hasn’t helped confidence…

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By: HAP http://blogs.reuters.com/breakingviews/2011/08/04/plunging-markets-reflect-ugly-political-paralysis/comment-page-1/#comment-8320 Thu, 04 Aug 2011 23:48:29 +0000 http://blogs.reuters.com/columns/?p=6741#comment-8320 Why is no one asking the most obvious question?:
Why has consumer sentiment (which is driving the majority of the other economic variables) continued to decline in recent months?

It is pretty clear to me that US consumers have been constantly reminded of the Congressional impasse in regard to the US National Debt.
During all of this time ‘No News was in fact Bad News!’ Furthermore, we had to live with the ever-present knowledge that for the 1st time in US History our National Leaders were deliberately threatening to cause a grave economic crisis. Wow! That is how to start a recession when we least needed it!

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By: Ananke http://blogs.reuters.com/breakingviews/2011/08/04/plunging-markets-reflect-ugly-political-paralysis/comment-page-1/#comment-8319 Thu, 04 Aug 2011 23:15:58 +0000 http://blogs.reuters.com/columns/?p=6741#comment-8319 “Unfortunately that means making unpalatable choices, like opting for austerity and even tax hikes”….
or “selected default” :):):).

There are not many choices – complete default, hyperinflation, tax redistribution of wealth, or global war/revolutions. I would say a really progressiveness in tax is the easiest AND cheapest for investors way of resolving the mess, but somehow they don’t want to embrace it. It is better to pay 10% more in taxes than to witness stock market PERMANENTLY plunges 20-25%, for example.

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By: neahkahnie http://blogs.reuters.com/breakingviews/2011/08/04/plunging-markets-reflect-ugly-political-paralysis/comment-page-1/#comment-8317 Thu, 04 Aug 2011 21:22:16 +0000 http://blogs.reuters.com/columns/?p=6741#comment-8317 I’m fascinated by the statement “Social Security problem.” Until the government started robbing the people of their SS funds that they, the people, had put in through payroll deductions there was no “problem.” The problem is NOT SS. It is the greedy politicians who robbed the people. If they would have left it alone, the SS Trust Fund would have been worth trillions. Blame EVERY President from LBJ to BO. Blame EVERY Congress, both houses, both parties (Republican and Democrat). Blame the powers behind them,mostly the Big Bankers.

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By: ihk888 http://blogs.reuters.com/breakingviews/2011/08/04/plunging-markets-reflect-ugly-political-paralysis/comment-page-1/#comment-8316 Thu, 04 Aug 2011 21:05:34 +0000 http://blogs.reuters.com/columns/?p=6741#comment-8316 One way of correcting this nation’s problem is dump all current politicians, select “none of the above” in next election. Campaign needed to be funded by public money to get minimize the influence of small group of money. They are partnered with politicians, ruining this country. Politicians are corrupt, taking money from bankers and judicial branch is clueless, all the way up to the Supreme Court. Founding fathers of this country would have mourned of this dreadful fight between parties and self serving individual politician. None of them deserve my vote.

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By: Medusa http://blogs.reuters.com/breakingviews/2011/08/04/plunging-markets-reflect-ugly-political-paralysis/comment-page-1/#comment-8315 Thu, 04 Aug 2011 20:55:29 +0000 http://blogs.reuters.com/columns/?p=6741#comment-8315 To speak about the “Social Security burden” when social security is solvent for the next 20 years at least, is ridiculous and just demonstrates your inability to rise above partisan talking points and do some real, independent thinking. Doesn’t say much for the kind of columnists Reuters hires.

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By: lambertstrether http://blogs.reuters.com/breakingviews/2011/08/04/plunging-markets-reflect-ugly-political-paralysis/comment-page-1/#comment-8314 Thu, 04 Aug 2011 20:49:50 +0000 http://blogs.reuters.com/columns/?p=6741#comment-8314 So, the problem is that the debt deal didn’t make the confidence fairy confident ENOUGH? How about if the Social Security and Medicare folks just die. Would that do it?

This column reminds me of the old joke about Mr. Stupid, The Carpenter: “I keep cutting, but it’s still too short!”

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