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  1. john is offline
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    03-25-2010, 03:30 PM #41
    I feel I must, Here Havasucker, now after reading this if you dont think the presidents polocies effect the market then you are a twit (P.S. you do know what "bell weather company" means and does to the market, right):

    By Christopher Hinton, MarketWatch

    "NEW YORK (MarketWatch) -- Caterpillar Inc. and Deere & Co. will see costs increase this year when a government subsidy for retiree drug benefits loses its tax-exempt status under the new health-care law.

    On Thursday, Deere (DE) said taxing the subsidy meant to help lower costs for companies that offer retiree drug coverage will result in a one-time charge of $150 million. Earlier, Caterpillar (CAT) said the same tax will raise its costs by $100 million.

    "Although this tax increase does not take effect until 2011, Caterpillar is required to recognize the full accounting impact in its financial statements in the period in which the Act is signed," Caterpillar reported in a government filing.

    President Barack Obama signed the Patient Protection and Affordable Care Act into law on Tuesday. A Senate reconciliation bill meant to tweak some parts of the new law is currently in the House for a final vote. Read more about the Senate health-care bill.

    The change in how businesses account for the subsidy closed a loophole created in the Medicare Part D prescription drug benefit that allowed two tax write offs, according to White House Press Secretary Robert Gibbs. The loss of the deduction will be partially offset by $10 billion in support for businesses with early retirees.

    Industrial companies with employer-based retiree benefits are likely to post similar cost increases, including aerospace giant Boeing Co. (BA), insurer MetLife Inc. (MET) and truck-maker Navistar International Corp. (NAV).

    "Deere and Caterpillar are bellwether companies and it's hard to believe that they are unique," said Longbow Research analyst Eli Lustgarten. "We expect that most companies will have to adjust to the new regulations."

    In the case of Deere, the higher costs represent nearly 12% of its projected fiscal 2010 profit of $1.3 billion.

    It's a big charge, and though additional cost increases are likely to follow, none are expected to be as large, according to Longbow's Lustgarten.

    Deere, along with other companies contacted for this story, said it was still evaluating the impact of the new law, and speculation on additional cost increases or savings at this time would be premature.

    "It's hard to understand what we will, and will not see because the health care law doesn't end the subject, but really just begins it," said Lustgarten. "It lays out a framework, but the details are still shaking out."

    Long term, costs will be materially higher for the industry, he added.

    Investors were unconcerned about the new tax provisions and focused instead on evidence the economy was improving. Shares of Deere and Caterpillar were each up 1% in afternoon trading.

    Earlier, the U.S. said weekly unemployment-benefit claims at its lowest point since July. Read more about jobless claims.

    In a December letter to Congress, Caterpillar, Deere and eight other U.S. companies including Boeing and MetLife wrote that making the drug subsidy taxable could result in companies reducing coverage and more retirees shifting to Medicare Part D, a federal program that subsidized the cost of prescription drugs for Medicare beneficiaries.

    According to an industry report from the Employee Benefit Research Institute, each retiree who loses employer-based drug coverage and gains it through Medicare Part D will increase government cost by $544.

    "If more companies than predicted by the Government Accountability Office shift away from coverage, then the provision could result in a net loss rather than the predicted slight revenue gain," the companies wrote."
    Last edited by john; 03-25-2010 at 03:32 PM.

  2. Havakasha is offline
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    03-25-2010, 06:34 PM #42
    No one said the President's policies dont affect the market. Good try.
    You must be very happy though with how well the stock market has done
    this year under President Obama's policies.
    Last edited by Havakasha; 03-25-2010 at 09:17 PM.

  3. Havakasha is offline
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    03-25-2010, 07:00 PM #43
    Ho John dont forget to comment on the technological aspect of hybrids as well.

    How about all those BILLIONS of dollars in tax subsidies that you have supported all these years for oil, gas, coal, nuclear, and of course hydrogen cars (your favorite ho) Havent heard a bit of complaining. Hypocrite.



    http://siriusbuzz.com/forum/showthread.php?t=3805


    John. 1.) " Here is a perfect example of what i have been saying for the longest time (that the technology) for hybrids is not there yet and WONT BE FOR 20 YEARS."

    2.) " I will say that hybrids will not be economically viable for at least 10 to 20 years . I will also say something i have been saying in PM's that I DONT THINK THEY (will) EVER BE.

    JOHN, so is it 10 or 20 or never? LMFAO.
    Last edited by Havakasha; 03-26-2010 at 12:43 AM.

  4. SiriMonkey is offline
    03-25-2010, 09:38 PM #44
    Quote Originally Posted by Shane View Post
    here is my thoery on what sirius is going to do. In the next while it should sit around high 80s to low 90s then have a steady up trend. to around a buck then slowly go down back to 90s-80s for a few months. forming a nice cup or W formation then finaly rocketing up to mabey 2 bucks

    the reason i think this is because of the similarities between this spike and the one in aughest, the corretion looks identical. also if you look at 2003athough the spikes are much more dramatic if you rely anilyze them youll see scary similarities too this year.
    Hi Shane,

    Welcome to Sirius Buzz! Great group here with lots of knowledge, insight
    and varied opinions.

    Thanks for jumping right in and posting.

    Julie

  5. just sirius is offline
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    03-25-2010, 11:15 PM #45
    Hey everyone...dont you just love a fantastic pissing contest!!!

    John------Lloyd...................have at it!!!!!

    ps...there will be no biting, spitting, hair pulling, nut grabbing, or eye gouging!

  6. Havakasha is offline
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    03-26-2010, 12:29 AM #46
    Just Sirius,
    I petition for the ground rules to also include the prohibition of the use of the words ho (ok maybe that one can stand) twit, dumbass, Communist, or Socialist.

    What do you think the chances are that John will agree? lol. Ok you're right, that just wouldnt be fair. Since he cant form a complete sentence or thought without one of those words included it would be much too great a handicap.

    P.S. Shouldnt this all be unecessary? i could have sworn that John has said on this site and others that he didnt need to argue with me anymore since he had proven all his arguments. LMFAO.
    Last edited by Havakasha; 03-26-2010 at 12:48 AM.

  7. john is offline
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    03-28-2010, 05:28 PM #47
    Quote Originally Posted by Havakasha View Post
    No one said the President's policies dont affect the market. Good try.
    You must be very happy though with how well the stock market has done
    this year under President Obama's policies.

    Havasucker you said it.

    Now as for the market we will see just how long it stays up after the democrats let the BUSH tax cuts EXPIRE. Here you dumb twit, it has happened before and will happen again: Many in the market will wait till just before those capital gains increases go into efect before getting out. They dont just act at the time they find out about it. Hence the reason the insurance companies are seeing a higher PPS, At first glance it looks like to many that the insurance companies will add many more to the rolls but watch what happens as more is found out about the bill just passed (the added regulation) and what happens if or when the democrats try to start to amend the bill.


    I know this and so do many that is why I already told you, I am getting out of the market and putting it into real estate (Among the many things I know, is even in a bad ecomony, renters are a dime a dozen (good ones are a dollar a dozen)).

  8. john is offline
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    03-28-2010, 05:51 PM #48
    Quote Originally Posted by Havakasha View Post
    Ho John dont forget to comment on the technological aspect of hybrids as well.

    How about all those BILLIONS of dollars in tax subsidies that you have supported all these years for oil, gas, coal, nuclear, and of course hydrogen cars (your favorite ho) Havent heard a bit of complaining. Hypocrite.



    http://siriusbuzz.com/forum/showthread.php?t=3805


    John. 1.) " Here is a perfect example of what i have been saying for the longest time (that the technology) for hybrids is not there yet and WONT BE FOR 20 YEARS."

    2.) " I will say that hybrids will not be economically viable for at least 10 to 20 years . I will also say something i have been saying in PM's that I DONT THINK THEY (will) EVER BE.

    JOHN, so is it 10 or 20 or never? LMFAO.


    Hey you dumb twit the only reason they get subsidies is because the government regulates them to the extent that the companies cant raise their prices to what they want to in the first place. You dumb twit, the government tells the electric companies how much they can charge for power. If the government took off all the regulations telling the electric companies how much they can charge then they would not need or WANT subsidies. There is also no way in hell they would be spending a dime on BUILDING wind or solar at this time (studing the tech is another question).


    As for those statements they still hold true, those came directly from the OEMs themselves, dumbass dont blame me for the different times they come from different OEMs. Now as for hybrids they are a dead end that gets you nowhere. That by the time they are economical, hydrgen (an end solution) will be at a point where they will become almost economical. Look you dumb twit, hydrogen is about 5 to 7 years behind hybrids in technology, One (hybrids) is a stop gap at best and the other is a end solution. One (hybrids) is more expensive then drilling for our own oil, the other (hydrogen) is way less expensive. Do the math you twit.

  9. john is offline
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    03-28-2010, 06:10 PM #49
    Quote Originally Posted by Havakasha View Post
    Just Sirius,
    I petition for the ground rules to also include the prohibition of the use of the words ho (ok maybe that one can stand) twit, dumbass, Communist, or Socialist.

    What do you think the chances are that John will agree? lol. Ok you're right, that just wouldnt be fair. Since he cant form a complete sentence or thought without one of those words included it would be much too great a handicap.

    P.S. Shouldnt this all be unecessary? i could have sworn that John has said on this site and others that he didnt need to argue with me anymore since he had proven all his arguments. LMFAO.

    This is Sirius Buzz not KOAT where they like to control what you say. Havasucker you should go over there, you would feel right at home being the liberial you are. You know they are tolerant, deverse, and believe in free speech, AS LONG AS YOU SAY EXACTLY WHAT THEY WANT YOU TO SAY, BE JUST LIKE THEM, AND DONT BE TO OUT SPOKEN.

    Like I said look at the polls you dumbass they all show you are lossing everyone of your arguements. Look at the results of what has come out scientist that used to be on your side are backing away in droves from everything you say.

    Have you seen me post in the political thread at all??????? Thats because there is no need to anymore, that is what I was talking about. I thought you would have gotten that when you did not see me post in that thread anymore, then again your a twit so it is understandable. As for this thread when you or ANYONE makes dumbass comments I cant help myself but to call you a dumbass twit and say why.

    P.S. Now what is laughable is that you said you where not EVER going to respond to me anymore, when I asked you to answer a question and then the next day responded to me, now that is LYAO funny.

  10. john is offline
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    03-28-2010, 06:25 PM #50
    Quote Originally Posted by just sirius View Post
    Hey everyone...dont you just love a fantastic pissing contest!!!

    John------Lloyd...................have at it!!!!!

    ps...there will be no biting, spitting, hair pulling, nut grabbing, or eye gouging!

    just sirius, What asm's songs not that enjoyable over at KOAT, that boring over there? The thing I like here is you can say almost anything you like without the politically correct police coming in and banning you. Really I thought they would have started off first with the harsher words then ended with words like "twit". I see though they decided to go directly to SW polocies, you know the same ones they at KOAT pissed and moaned about that then lead them to start a NEW AND FREASH site THAT WOULD NOT DO THAT KIND OF THING, sarcasim alert.

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