Hello Chris,
Actually this is a plan that is already in place, ready to go and viable under current laws (laws that are set to be changed by Obama's tax goals and AFL CIO rules an allowances IF he were elected).
What you do not undertsand, my friend, (habit picked up from McCain)... Is that the AFL CIO is a huge supporter of both Obama and Obama's huge network of lawyer supporters. If Obama's plans ever become the law of the land and the AFL CIO gains additional power and the power to enforce all workers.... The corporations that employ us will fold. A private party that answers to no one but themselves (the AFL CIO and other unions) are the most dangerous group in the USA.
The unions are not for the workers. The unions are for themselves!
We seriously need the McCain 3R Plan... As The post states.. This is the vague "Abbrviated version", and really should not be public knowledge yet or in this form. ((Yeah.. so shoot me folks))
I am on your side, as we should all be for America and for jobs. Conservative or Liberal, Repuiblican or Democrat.. Libertarians as well... We MUST make this work this year or we are screwed!
http://www.betterconstructed.com
Hope to spread more of this 3R Plan at the Values Voters Conference in September!
CAPITAL GAINS
Jane Bryant Quinn
Emerging Markets Are a Must
These aren't the same economies that went through the wringer a decade ago. They're countries with booming growth.
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China's Shanghai Stock Exchange got a few blue-sky days late last month, but whether the financial smog will lift is anybody's guess. Until last October, the SSE was one of the Olympians, rising a bubbly 464 percent in just 30 months. Then it caught the backwash from America's subprime collapse and plunged 44 percent. Most of the rest of the world's emerging markets dropped, too—India, down 48 percent; Russia, down 25 percent, and Brazil, 36 percent. They're fighting inflation and their slingshot growth has eased. To investors, it looks like a no-go zone.
So here's a counterintuitive idea. Put money gradually into e-market mutual funds over the next six to 12 months, says analyst Peter Perkins of BCA Research in Montreal. These stocks aren't optional anymore. Anyone who sees the future has to own them.
That's a tall order for people who remember the Asian financial crises of 1997 and Russia's brush with debt default in 1998. E-markets feel like a playground for crazies, not for someone soberly trying to grow a retirement fund. But these aren't the same economies that went through the wringer a decade ago. They're modernizing countries with growth rates double and triple those of the developed world. As for financial crises, who's got one now? (Hint: it's not Thailand.)
Put aside the idea that developing countries live on the fruits of cheap labor and raw materials. On the contrary, they're home to world-class corporations with innovative management, superior technology and global reach. To mention just three: Embraer, the top small-jet manufacturer (Brazil); Samsung Electronics, a worldwide brand (South Korea), and Infosys Technology, for IT services (India). "The countries in the former Third World will become the dominant economies of tomorrow," says Antoine van Agtmael, president of Emerging Market Management and author of "The Emerging Markets Century."
Right now, these stocks face a wall of worry. Their export markets depend on the health of the global economy and the developed world is slowing down. Also, they lack deep credit markets where businesses can get long-term loans, says Andrew Foster, chief investment officer of the Matthews Asian Funds. India, for one, depends on U.S. capital to grow its ragged infrastructure. When U.S. banks retrench, loans are as hard to get in Bangalore as in Baltimore.
Emerging markets outperformed Standard & Poor's 500 stock average over the past one, three, five and 10 years. It's logical to expect the S&P to be a better play.
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