Tuesday, June 19, 2012

Thank you, President Obama, Europe is solving its problems. I'll be darn; Wall Street has a new playground.

European stocks rose (click here) for a third day and the euro rebounded as Spanish bond yields declined after the government met its target at a bill auction and as the Federal Reserve prepared to meet to consider stimulus measures....


Where would Wall Street be today without President Obama and his very solid advise to the Eurozone? Huh? Answer me that?


I am still waiting to see when and IF there will be tax reform in the USA. Because Romney doesn't want it.


The Republicans are in a real quandary and simply don't see their way clear to Simpson-Bowles. Simpson Bowles requires all the loopholes to be closed and a lower broad based tax for the entire country, no exceptions. It will definately raise revenues.


But, let's say the Republicans are up against the ropes over Simpson Bowles by the electorate; how is it enforced after passage so the Republicans don't put all the loopholes back with the very next election?


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Think about it a minute.


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Ideas?


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No? So, if the answer is no then why Simpson Bowles at all, right? "W"rong. There are ways of enforcing the reformation of the tax codes to Simpson Bowles standards and make it stick. Either make it temporary for at least ten years with built in enforcement stating there will be no legislative changes during that time to decrease the tax income to the USA Treasury...


...OR...


...ready?


Criminalize the return of the problem in the first place, like "Carried Interest." See the problem the Republicans are having now with Simpson-Bowles? They can't protect their cronies. That was some of the purpose of Simpson-Bowles in the first place. Simpson-Bowles would remove the connections between cronies and their legislators; and return FUNCTION to the US Treasury and its relationship with the taxpayers.


Have a better day. 


Oh, wait, one more thing about Romney's bus tour. WaWa Food Markets are Wall Street.


Wawa's namesake is a Native American (click here) word for the Canada Goose in flight, which is also incorporated into the company's logo....


So much for small town America. WaWa is not a Mom and Pop store. NOT "Main Street," he is definitely Wall Street.

Now, have a much better day.