Florida State Seminoles

[Jungle Rat]

OK, I'll give you a pass.

[Bklyn]

That Kwanzaa CD section of Rick Perry's had me shedding tears. Hilarious.

[AlabamAlum]

Save a pretzel for the gas jets!

[Owlman]

I was surprised at some of the countries on this list.

All I have to say is...Europe is f@<#ed...

http://www.cnbc.com/id/30308959/

Germany?? It is a surprise

[TheBigMook]

My ships finally come in!

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I hope Mr. Dick Rice sends me my caaaissh ASAP!

[Jungle Rat]

Heh. Got that one last month. I'm swimming in CAAAAASSSSHHHHHHH right now.

DO IT!

[Saint]

who knows about capital gains tax relative to selling one's house? can I get tax credit for repairs on my new house or is it just for paying off the loan on the new house?

[Dr. Nostron]

generally speaking the sale of your princ residence is tax free

[Dr. Nostron]

As long as your Gain is less than $250,000 if single, $500,000 if joint - and you've lived there the last 2 years you are good to go taxwise.

[Bklyn]

LOL @ anyone living in a place less than 2 years and earning any capital gains.

[Saint]

No, it's far, far below that. I live in East Jesus, NC.

[TheBigMook]

Epic shitbaggery from the Kasich camp... http://news.cincinnati.com/article/2011 ... RONTPAGE|p

[eCat]

wow, that is pretty low

[Bklyn]

China's currency is not the issue - Janet Carmosky

Trade sanctions in China will not create jobs in the USA, argues China-veteran Janet Carmosky in Forbes. She disassembles three of the most-used arguments in favor of trade sanctions.

Bad argument #3: China’s predatory currency rate has cost America jobs.

Bad assumption: America is a passive participant in its own fate; if we lose it’s not because we’re not a good team, it’s because the other guys are cheating.

Fact contradicting bad assumption: In this era and previous eras, every nation that succeeds in creating national wealth in strategic arenas does so by investing specifically and consistently in its national capacity and industrial base. The United States has not been doing this. China has. The United States has left investment in the hands of a) the private sector, beholden to stockholders who tend to demand quarter on quarter improvement in financial performance. Major long term industrial initiatives call for patient stewardship over years if not decades; b) elected officials who spend their resources on the short-term goal of getting re-elected. There’s no upside to focusing on long term issues unless the voters understand and reward it.

Real reason #3 why China sanctions won’t help create USA jobs:Our political system allows open debate and discourse toward a climate of critical thinking about serious issues. First among them, declining national competitiveness. We’re losing competitiveness not only to China, but to every nation that has a plan. Why don’t we have a plan? Because our electoral process and corporate reporting focus on pleasing us, the American voters, customers, citizens and investors. We have bought into the idea that the only time frame that matters is the short term. The jobs crisis? The root cause isn’t remotely related to currency valuations. It’s a lot deeper than that. It’s about the attention span of the American voter. China is single party rule by the elites. Our political systems calls for an educated voter base – one with tolerance for complexity, stamina in understanding issues, ability to focus on the real game instead of the posturing of the Shake Weight salesmen. We can “hold China to account” all we want; let’s just be sure we hold ourselves and – especially since our systems were specifically designed for this purpose - our private and public sector leaders to account as well.

More in Forbes

[Bklyn]

So, in summary, politicians are screwing up our chances for long-term growth...but not in the ways many politicians (and their blow hard constituents) are saying that they are.

[Owlman]

In other words, the American people are screwing up our future by focusing not on long-term growth but short term temporary feel-good answers and for depending solely on the capitalist system despite the fact that capitalism is primarily about short term not long term solutions.

[sardis]

No, only dumb capitalists think in the short-term...

[Owlman]

Not true. There are many companies that that research and invest only short term (much of the American automobile industry and the energy industry for example). Bell labs was one of the premiere research locations in the world, but it was phased out. Research grants from industry are much less forward looking than those from the government. You maximize your profits for investors now, not investors 20 years from now.

[Bklyn]

Yep

[eCat]

so how do you think Seniors are going to react to Cains 9-9-9 plan when they pay no payroll tax and get hit with a 9% sales tax on every dollar of fixed income they spend?