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Sal Bommarito

I am a former business person and now spend most of my time writing novels and commenting on current affairs.

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The 2012 Presidential Election Will be Determined by Super PACs and the Super Rich

The unlimited power of Super PACs in our electoral process has the power to determine our next president.

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Sal Bommarito You might find this improbable, but I don't necessarily disagree with your perspective. I think voters are not well informed (I actually wrote a PM essay on the topic last year). In fact, I believe most voters vote on one issue, for NRA- Rep, fo...

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Sarah Jessica Parker and George Clooney Fundraising Dinners for Obama Are an Insult to the 99%
Sarah Jessica Parker and George Clooney Fundraising Dinners for Obama Are an Insult to the 99%

The President of the United States is a statesman, not a celebrity. Obama's soirees with Hollywood's finest are a disgrace to the office, and a poor PR move for the Obama campaign.

Sal Bommarito

Sal Bommarito Courtney, Very good essay. It is mind boggling to me that anyone would really care what Clooney or Parker have to say about anything, much less politics. I respect their right to participate in the electoral process but the hypocrisy of the fundraise...

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10 Things Millennials Should Consider Before They Hit 30

As millennials start to grow older they are discovering that they are not immortal. Here's a guide of 10 things to consider before hitting the 30-year-old milestone.

Sal Bommarito commented 2 times
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Sal Bommarito I agree with you. I didn't mean to indicate that Americans should have babies before 30. I was just saying that having babies brings so much joy, and you make sure that you have a child or two at some time in your life.

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Priscilla Chan Mark Zuckerberg Wed But Is It a Good Idea to Buy Facebook Stock?

As Mark Zuckerberg weds, an analysis whether to buy Facebook stock during one of the most anticipated IPOs in history. Advice: wait till the dust settles.

Sal Bommarito commented 2 times
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Sal Bommarito What are you some kind of grim reaper? FB just sold billions of dollars of stock. It's going to take some time for the situation to sort out. Perhaps the underwriters may have been a little aggressive. The company caught a bad break when GM anno...

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5 Reasons Why Austerity Failed in Greece
5 Reasons Why Austerity Failed in Greece

Here are the top 5 reasons why Greece continues to fall behind, and why austerity actually worsened the economic situation in the birthplace of democracy.

Sal Bommarito

Sal Bommarito Jeanne, Great job. All the news articles I've read on this topic have not given me as much insight as your essay. It is difficult to understand why Greece's plight has become the centerpiece of the European euro experiment as their are ...

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10 Truths About Millennials You Probably Already Knew, But Don't Like to Admit

Generation Y or Millennials here are 10 facts about the group who is coming of age between multi-billionaire IPOs, endless wars and game-changing demographic shifts. Is this the way we are?

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Sal Bommarito I'd like to give a mic to the editors who came up with these really cool pictures. Thanks guys and gals.

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Facebook (FB) First Day of Trading Predictions

Facebook stock begins trading at 11:00am on Friday, with an initial price of $38.00/share and a valuation of $104 billion. But how will it perform in the future?

Government Freeloaders Will Determine the 2012 Presidential Election
Government Freeloaders Will Determine the 2012 Presidential Election

The same Americans who want smaller government increasingly depend upon governmental assistance. These people will be deciding our political destiny -- and it doesn't look pretty.

Sal Bommarito commented 2 times
Sal Bommarito

Sal Bommarito Susan, Thank for the reference, but it's not what I was driving at. I understand that for each dollar of taxes paid, Rep states get back more. The number I was interested in is how much money is paid in the aggregate to each state. Given that mo...

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Occupy the Farm Arrests Undermine Food Justice Movement
Occupy the Farm Arrests Undermine Food Justice Movement

Occupy the Farm is the latest of Occupy Wall Street’s protests to end in embarrassment. On Monday, police arrested nine of the protesters for trespassing on UC Berkeley’s land.

Sal Bommarito

Sal Bommarito Haleigh, Nicely written article. I, along with Doug Goodman, oppose the Occupy movement. My displeasure with this group has nothing to do with their right to protest or their right of free speech or their desire to instill change. Rather, I object to...

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Nick Hanauer TED Talk Won't Air Because He Argues That the Rich Do Not Create Jobs
Nick Hanauer TED Talk Won't Air Because He Argues That the Rich Do Not Create Jobs

TED has withheld venture capitalist Nick Hanaeur's talk that asserts the wealthy do not create jobs. Hanauer is correct; TED should air his talk, but it still doesn't mean we should raise taxes.

Sal Bommarito commented 3 times
Sal Bommarito

Sal Bommarito Thanks.

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Eduardo Saverin Facebook IPO Scandal: How We Can Punish This Tax Evader
Eduardo Saverin Facebook IPO Scandal: How We Can Punish This Tax Evader

Sen. Schumer and Casey's plan to re-impose taxes on expats like Saverin after they flee from the U.S. is a first step, but a global regulatory regime would be more effective.

Sal Bommarito

Sal Bommarito The laws currently on the books are the ones that should be applied to people like Saverin. If Congress does not like the impact of a current law, lawmakers should change it. All this retroactive action proposed by commentators is unfair and discrim...

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Obama Born in Kenya Allegation: New Birther Evidence Claimed By Andrew Breitbart Blog
Obama Born in Kenya Allegation: New Birther Evidence Claimed By Andrew Breitbart Blog

A conservative blog claims to have evidence in the form of a promotional booklet that said President Obama was born in Kenya. And the massive LOLz Birther movement is born again.

Sal Bommarito

Sal Bommarito This garbage is an embarrassment to all Americans. If Obama really was born outside the U.S., don't you think the press would have already uncovered it? For good or for worse, the news media is, if nothing else, determined. It is so hungry for a...

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Women's Rights in Afghanistan: The Top Reason to Stay in the Country
Women's Rights in Afghanistan: The Top Reason to Stay in the Country

We're not leaving Afghanistan any time soon. But building a modern state could restore Afghan women's rights, and that's worth our tax dollars.

Sal Bommarito commented 2 times
Sal Bommarito

Sal Bommarito Calling the country primitive is precisely what I meant to say. The people deplore centralized government and rely on local leaders who operate separate fiefdoms. I never said the people don't want to be happy or they don't care about their...

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4 Reasons Why Facebook IPO is Overrated (Hint: General Motors Drops Ads, Eduardo Saverin)
4 Reasons Why Facebook IPO is Overrated (Hint: General Motors Drops Ads, Eduardo Saverin)

Half of Americans think the upcoming Facebook IPO (which would value the company at $100 billion, above Kraft, Ford and Disney) is overrated, and they’re right! Here are 4 reasons why.

Sal Bommarito

Sal Bommarito I have no idea what's going to happen when Facebook goes public. I would suggest that investors watch what happens after the stock trades freely on the day of the offering. It could be telling. During the Internet bubble, most stocks soared on t...

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Why Obama Banned Cell Phones at His Private Fundraisers
Why Obama Banned Cell Phones at His Private Fundraisers

President Obama has asked participants at fundraisers to give up their cell phones before coming into the event. In this age of cell phone cameras and recorded-everything, is privacy allowed?

Sal Bommarito

Sal Bommarito Rick, Very interesting article. Personally, I believe politicians eschew cell phones (with cameras and recording capability) because they are afraid they might say or do something inappropriate (example: Joe Biden- if I were Obama I would insist no o...

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Mitt Romney Would Win If Election 2012 Were Today: Poll
Mitt Romney Would Win If Election 2012 Were Today: Poll

Mitt Romney is an excellent position in the polls; especially considering it's only May. The Obama campaign should be worried

Sal Bommarito commented 2 times
Sal Bommarito

Sal Bommarito I though Obama took the flip-flop title from Romney last week by his support of gay marriage. Let's see, how many times did he change his mind?

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Robin Hood Foundation Raises $50 Million For Charity, Shows Wall Street Has a Heart

Description of the Robin Hood Foundation gala.

Sal Bommarito commented 10 times
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Sal Bommarito Paul, How in hell you segued from a charity event into a social speech is beyond me. Some people are expert at converting a positive into a negative. All I was saying is that a bunch of financial types had a great party that generated millions for pe...

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Jamie Dimon, the Volcker Rule and Everything You Should Know About JP Morgan's $2B Loss

An analysis of the issues surrounding the Volcker Rule and how it applies to the recent loss at JP Morgan.

Sal Bommarito commented 7 times
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Sal Bommarito The numbers you cite include the principal amounts of the derivatives, which are not relevant.

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Obama Sex Marriage Endorsement Will Make November 2012 More Critical Than Ever

There will be massive political implications in Obama's proclamation about same sex marriage.

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Sal Bommarito The point I was trying to make is that up to this point those adamantly against same sex marriage did not use the issue to select a candidate because in most places same sex marriage is illegal. Now that a president has gone on tv and increased the o...

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Jamie Dimon JP Morgan Chase $2B Loss Highlights the Need for Financial Regulation
Jamie Dimon JP Morgan Chase $2B Loss Highlights the Need for Financial Regulation

As Mitt Romney makes the case for less government regulation as paramount to accelerate the economic recovery, a new $2 billion loss by JP Morgan Chase highlights the need for the Volcker Rule.

Sal Bommarito

Sal Bommarito Michael, Thank you for writing this comment. It reflects my sentiments as well. Banks are in the risk business. They make loans that sometimes do not get repaid. The fees and other income they earn hopefully offset those loses. If you take JPM at ...

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Millennials and Banking Jobs: Despite Myths, Big Banks Are Still Hiring the Best Ivy League Grads

Big banks are scooping up some of the brightest Ivy Leaguers to fill their ranks. If you're interested, here are the qualifications they're looking for.

Sal Bommarito commented 2 times
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Sal Bommarito Inequality and social justice????? What are you talking about?

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Michele Bachmann Withdraws Her Swiss Citizenship
Michele Bachmann Withdraws Her Swiss Citizenship

Michele Bachmann and her family recently applied for and were granted Swiss citizenship .... and then she changed her mind. She should resign from Congress.

Sal Bommarito commented 2 times
Sal Bommarito

Sal Bommarito I would care if her dual citizenship was Iran, N. Korea, Somalia, Yemen, Russia. But Switzerland?

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President Obama Endorses Same-Sex Marriage
President Obama Endorses Same-Sex Marriage

In an interview with ABC News on Wednesday afternoon, President Barack Obama officially endorsed same-sex marriage.

Sal Bommarito

Sal Bommarito The president finally capitulated to same sex marriage. However, his evolution, or flip-flopping, on this issue coupled with all the furor over the NC decision and the comments by his VP and cabinet member makes me believe this change of heart was to...

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Guantanamo Bay is Still Open, and Barack Obama is Still Assaulting the Bill of Rights
Guantanamo Bay is Still Open, and Barack Obama is Still Assaulting the Bill of Rights

Despite vowing to close it, the detention facility at Gitmo is still open.

Sal Bommarito commented 3 times
Sal Bommarito

Sal Bommarito The picture is unjust.

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North Carolina Amendment 1 Makes Me Ashamed to Be an American
North Carolina Amendment 1 Makes Me Ashamed to Be an American

North Carolina passed a statewide ban on gay marriage on Tuesday, a sign that this country still has a long way to go when it comes to equal rights for all people.

Sal Bommarito

Sal Bommarito David, Bravo. You have framed the issue very well. I would also ask those who oppose gay marriage another question: Can you provide one public policy benefit of not allowing gays to marry in this country? The answer is: there are none. The unhappines...

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Why Did Stocks Fall This Week? How Greek Elections, Obama Polls, and Terror Affect Wall Street

A review of factors affecting the markets in the early half of this week.

Sal Bommarito commented 3 times
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Sal Bommarito Be defensive for the time being.

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The Most Comprehensive Obama Report Card Ever — And the President's GPA is ....

From Iraq to health care, a complete analysis of the major accomplishments of Barack Obama in his first term.

Sal Bommarito commented 3 times
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Sal Bommarito The sale of mortgage backed securities in not prop trading. You are mixing up a number of transactions. Most citizens and congress people are similarly unable to understand this whole area. Prop trading occurs when banks use their own money to invest...

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How the Great Recession Has Ruined the Baby Boomer Generation

There are very real issues and concerns Baby Boomers have in today's world.

Sal Bommarito commented 3 times
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Sal Bommarito sorry

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5 Ways Citizens United and Super PACs Have Destroyed the 2012 Elections

Five observations that should be troubling to all Americans.

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Sal Bommarito Jeff, I'm not sure it matters which candidate is "more culpable," but I hasten to remind you that Obama was the first general election candidate to refuse public funding- a truly gigantic move, if you dream of campaign reform. Moreover...

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5 New Revenue Sources to Fix America's Debt Crisis

Five proposals that could solve America's debt issue.

Sal Bommarito commented 2 times
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Sal Bommarito See previous comment by me.

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Why the Liberal New York Times is Required Reading for Conservatives

A baby-boomer's guide to The New York Times and why, even for a conservative, the paper is required reading.

Sal Bommarito commented 3 times
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Sal Bommarito Jeff, I don't want to nitpick, but I said 99.99% liberal, your percent was short. LOL. I'm sure you know that my 99.99% comment was written tongue-in-cheek. And besides, I love liberals. Life would be boring if they were not around for me ...

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Understanding the Volker Rule and its Problems

Financial institutions have fought with regulators as the Volker Rule has evolved over the past several years.

Sal Bommarito commented 3 times
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Sal Bommarito Michael, the security of large financial institutions is critical to the world economy. This issue will be with us forever. Global facilitators of trade make business operate efficiently and any failure would be devastating. There is no realistic way...

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Barack Obama 2013 Budget Plan is a Recipe For Complete Disaster

Obama’s plan is a reckless path to financial oblivion.

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Secret Service Sex Scandal, Hilary Rosen-gate, and Five Obama Mistakes That Will Hurt Him in 2012

Obama's recent mistakes are numerous. Our top 5 list includes the Secret Service Sex Scandal, Hilary Rosen-gate, and Iran and North Korea ignoring Obama.

Sal Bommarito commented 15 times
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Sal Bommarito Bosses are responsible for their subordinates. If it were a Romney ally who said such a dumb thing, you and every other liberal would be going wild. The Secret Service is obviously out of control; and they do work for the president. Whom are we to...

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Do Wealthy People Cheat and Commit More Crimes Than Everyone Else?

A new study says wealthy people commit more white-collar crimes than other social groups. But there's a clear reason why.

Sal Bommarito commented 2 times
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Sal Bommarito Here we go again! I used Buffett and Gates to show how much affluent people give back to society. This isn't a liberal or conservative issue; there are many liberals who are affluent, for your information. Liberals object to affluent people ea...

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Buffett Rule Would Not Help Job Growth or Impact the Federal Debt

Examining the impact of the Buffett Rule on the federal deficit.

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Sal Bommarito Well there are losses. Whether anyone booked the losses is another question. I'd say that most people holding for long periods of time (you must hold for a year to get long-term treatment) are not selling at losses. So, the impact you refer to i...

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Millennial Jews Are Ignoring Their History

If millennial Jews were more attentive to Jewish history, they would support Israel more enthusiastically.

Sal Bommarito commented 4 times
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Sal Bommarito I welcome a fellow lambastee.

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Welfare is Broken and Government is Too Big: The Case for Free Enterprise in America

The case for free enterprise is based on morality not materiality.

Sal Bommarito commented 2 times
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Sal Bommarito Please tell Mr. Brooks I am a huge fan of his.

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President Obama Signs STOCK Act Tightening Insider Trading Laws for Members of Congress

President Obama signed the Congressional Knowledge (STOCK) Act on Wednesday, effectively making it illegal for members of Congress to trade securities on inside information.

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Sal Bommarito Celebration? Hardly. I think this legislation could have much more substantial. Full disclosure of all investments, public an private would be a good start. Also, I get the sense that some congress people made a boatload of money from insider informa...

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In George Zimmerman and Trayvon Martin case, we should wait for all the facts to emerge

Let’s collect the evidence and allow a jury to decide whether Zimmerman’s actions are justifiable.

Sal Bommarito commented 4 times
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Sal Bommarito Zimmerman killed a man. He not going to walk away anywhere without having to justify his actions. Indictment of the legal system at this point seems premature to me. The investigation and the adjudication process is just beginning. It is the impatien...

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Barack Obama and Michelle Obama share insights on how Americans view the president

Referring to an op-ed piece by Peggy Noonan, a conversation that might have occurred between the president and the first lady.

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Sal Bommarito Doug, I'm ready to make this movie or TV program. I'll make sure you have at least a cameo appearance in it.

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Poll: 69% of Americans want to end the war in Afghanistan

According to a New York Times/CBS News poll, 69 percent of Americans believe the U.S. should not be in Afghanistan. The end of the war is long overdue.

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Top 3 Issues Occupy Wall Street Should Focus On

I offer an agenda for OWS that will greatly increase the support it receives from around the country.

Sal Bommarito commented 2 times
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Sal Bommarito Bank bonuses are not the most important issue facing this country. The left has completely overstated the impact of bonuses on banking. Sure, deal people get paid more if they do more business, but only a very small percentage of bankers actually do ...

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An Analysis of the Disgruntled Goldman Sachs Employee

We should explore the issues relating to the disclosures about an investment bank made by a disgruntled employee.

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Photo ID Voting Regulations Would Increase Voter Integrity

There are pros and cons of having photo ID's for all voters. The U.S. should have a better system to ensure voter integrity, and a photo ID is an ideal way to accomplish it.

Sal Bommarito commented 5 times
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Sal Bommarito What are you talking about? Who are these eighty six year old people you are referring to? Read Amy Casil's comment below. The ACLU estimate of A-A not having photo ID's is grossly overstated. Your battle cry was for naught.

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As Rush Limbaugh and Barack Obama Show, Civility is Dead in America

There is massive incivility in American politics and media, and it is poisoning the country.

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5 Biggest Issues for the 2012 Presidential Election

The economy, Iran, and Super PACs will all weigh heavily on this election.

Sal Bommarito commented 6 times
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Sal Bommarito You are underestimating the wile of the Tea Parry. Entitlements are just napping. The issue will be revived and eventually become a very important issue in the presidential campaign. Our country's financial viability is dependent upon it. The ne...

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What Millennials Can Learn From the Baby Boomer Legacy

Baby Boomers are arguably the most influential, dynamic and productive group of people in the U.S. at this time in history.

Sal Bommarito commented 2 times
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Sal Bommarito I made an error. It's his niece.

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Costs of War With Iran Being Weighed By Barack Obama and Benjamin Netanyahu

A decision tree is growing right before our very eyes. How might Obama and Netanyahu negotiate with each other this week regarding Iran?

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Sal Bommarito I heard about this early today and suffered all day about it. Careless.

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Barack Obama Must Stand With Benjamin Netanyahu and Act Against Iran

Obama has to assure Israel's security if he wants to take the time to use other means to end Iran's nuclear ambitions.

Sal Bommarito commented 5 times
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Sal Bommarito George, No way was I suggesting that the U.S. blindly follow Israel's lead relating to Iran. There is way too much at stake for this kind of blind diplomacy. I believe our relationship with Israel is very strong and very important. I believe Is...

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9 Tax Loop Holes to Fix in Order to Curb America's Debt

There are a number of revenue opportunities for the federal government that could compliment significant spending cuts being discussed in Congress.

Sal Bommarito commented 4 times
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Sal Bommarito Gary- I didn't mean to suggest that all 4T would be eliminated. In fact, I said some of the items were very good for the economy or for needy parties. However, this group of benefits has some excesses. Affluent people should not have some of the...

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Barack Obama Will Win in 2012, the Republicans Have Burned Themselves Out

The extended and contentious GOP primary will result in the reelection of Obama.

Sal Bommarito commented 5 times
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Sal Bommarito If the economy does not do well, the chances for the Republican candidate will increase. Did you know that gas prices increased from $1.61 per gallon on 12/25/08 to $3.62 per gallon on 2/26/12; unemployment was 6.8% in 11/08 and 8.3% in 1/12; the na...

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Your Sex Life is the Biggest Determiner For the Quality of Your Marriage

We cannot minimize the importance of sexual relationships in a marriage.

Sal Bommarito commented 2 times
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Sal Bommarito Ms. Hiijaz, I totally agree with you. Without emotion, a relationship is unsustainable just like it is unsustainable without physical satisfaction.

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Euthanasia Helps Avoid Unnecessary Pain and Suffering

An individual, who is of sound mind, should be able to make the decision based upon his or her conscience without interference.

Sal Bommarito commented 3 times
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Sal Bommarito Darwin, Very sad story. I'm sorry. In any case, in my humble opinion, you and your father made the right choice.

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Why Are Millenials So Against Baby Boomers?

If millennials really want to save the world, they should stop blaming past generations for their problems, and follow these guidelines.

Sal Bommarito commented 4 times
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Sal Bommarito I stand corrected.

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Barack Obama and Mitt Romney Super PACs Are a Plague to Democracy

The influence of PACs in the American political process allows wealthy individuals, corporations, and unions to sway elections.

Sal Bommarito commented 2 times
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Sal Bommarito Susan- By the time the big Dem donors are done writing checks, the amount of money available to the Obama PAC to slam Romney will be competitive with the conservative PACs. Have no fear, Obama will have a bazooka to shoot with.

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Five Sources to Better Help Understand Financial Policy Issues in the 2012 Political Campaigns

Don't really understand the financial policies which politicians speak about? Here are some resources that can help you.

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The Intersection Between Civil Liberties & Security: How Far Should Government Go to Protect Us?

Lawmakers must have foresight and enact legislation that protects us from criminals and terrorists, but which also does not drill too deep into our private lives.

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The Silent Majority: America's Sleeping Giant in the 2012 Election

The Silent Majority may be revving up to make a real statement, a statement about our political system and save us from being governed by a dangerous ideologue for another four years.

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Sal Bommarito Susan- Very interesting and thorough analysis. We are not that far apart on many things, btw. You should write a piece yourself and take all this to the next step. I'll be waiting for it. Thanks.

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5 Reasons Why Newt Gingrich Should Not Be the GOP Presidential Nominee

Gingrich has not lived up to the standards that he preaches on the campaign trail.

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Mitt Romney Shouldn't Be Villainized For Bain Capital: Buyout Businesses Are a Good Thing

When companies are under duress, many jobs may be at risk; private equity companies frequently buy assets, save jobs, and keep companies from relocating.

Sal Bommarito commented 2 times
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Sal Bommarito The tax issues for the super rich like Romney and Buffett are simple. If you earn income from long term capital gains, you pay a tax of 15%. If you earn interest income from municipal securities, you pay no federal taxes (sometimes no state tax eithe...

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Why Occupy Wall Street Protesters Have it All Wrong

Protest has become the new rage to force change in America, but a more sensible approach would be to petition Congress the old-fashioned way.

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Air Travel Has Changed For the Worse Over the Decade

Until 9/11, flights were enjoyable and travel easy. That has changed in the last 10 years.

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Sal Bommarito Having your own plane is yet another solution, assuming it can get off the ground.

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Mitt Romney Was A Great Business Man At Bain Capital, And Should Not Be Attacked For It

Republican attacks on Romney's Bain Capital activities are a senseless ploy by desperate candidates who are supposed to be supportive of free market activities.

Sal Bommarito commented 8 times
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Sal Bommarito There's lots to learn. You spew out platitudes and garbage and no facts.

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Should I Go to Grad School? Career Advice for Millennials

Should parents spend money to put their children through an elite education? How should I choose my major? Is grad school worth it? Advice for millennial college undergrad and grad students.

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What Is the End Game For Iran? Increased Diplomacy

What does Iran want from the global community? Will they temper their hawkish rhetoric?

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Lower the Drinking Age to 18

In an effort to decrease DUIs and sexual assaults among young people, we should lower the drinking age and up the penalties.

Sal Bommarito commented 3 times
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Sal Bommarito Doesn't anybody buy off on the fact that our government is too intrusive? And, to parade around and demand more civil liberties and not allow 18 year old adults to make up their own minds about drinking is hypocritical in my view. I'm not a...

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  • 5 months ago

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Why It Is Important To Understand Investment Banking

An efficient operating banking industry is beneficial to every American and business.

Sal Bommarito commented 19 times
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Sal Bommarito The whole point of writing the article was to give people like you a little insight into the industry you are intent on demonizing. In any case, I've done deals of all types. Virtually every one of them served a purpose, beyond enriching the org...

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  • 5 months ago

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Romney Has All The Tools To Win in 2012

Romney is proven and continues to poll exceptionally high.

Sal Bommarito commented 3 times
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Sal Bommarito Sorry, I forgot to mention 9% unemployment, skyrocketing debt, health care reform that doesn't work, no immigration policy. I'll stop now.

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  • 5 months ago

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Dear Protesters: End Occupy Wall Street Now

OWS does not represent the 99%. Protesters should turn to the political process and present real solutions to our politicians in Washington.

Sal Bommarito commented 9 times
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Sal Bommarito Ms. Arjini, I really don't thing Americans need OWS to inform them about what is wrong with the country. Millions are out of work, many are losing needed support, most investors (including pension funds) are losing wealth, millions of people are...

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  • 6 months ago

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In Defense of Six Figure Salaries

While critics hold that those earning six or seven figure salaries are getting rich at the expense of the poor, the truth is that these people deserve this compensation.

Sal Bommarito commented 16 times
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Sal Bommarito Mr. Phillips, Sorry about your losses. I have a relative who lost a bundle as well, so I empathize with you. Fuld lost about $1 billion dollars in the value of his stock, if my memory is correct. The $400 million you refer to is the money he made fro...

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  • 5 months ago

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Occupy Wall Street Needs a Plan

Using the Vietnam protests, the civil rights movement, and the Tea Party as examples, it is clear that in order to succeed, OWS needs a coherent plan and objective.

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Not Everyone is Backing OWS

The Occupy Wall Street protests are an unorganized and unfocused movement that will not accomplish anything unless they become more than an extra annoyance and expense for New Yorkers.

Sal Bommarito commented 2 times
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Sal Bommarito I hope OWS inspires changes. If, however, the movement remains rudderless, it will be remembered as a month or two month long party for malcontents. I lived through the Vietnam crisis and had my life seriously disrupted by it, so I don't need to...

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  • 7 months ago

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Like Protests in the 1960s, Occupy Wall Street Needs Leaders to Succeed

The protests of the 1960s had Martin Luther King Jr. and other leaders to inspire. OWS needs similar figures in order to achieve real change.

Hey, It's me!

Sal Bommarito Are you ever going to write your own article?

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  • 7 months ago

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Despite the Federal Warning, Men Should Be Screened for Prostate Cancer

The potential side effects of prostate screening are a small cost compared to the risk of developing malignant cancer.

Sal Bommarito commented 2 times
Hey, It's me!

Sal Bommarito Thank you. You are absolutely right, changing pronouns would be appropriate to discuss BC. I'm deeply concerned about this malady as well, and frankly, see no reason for woman to delay mammograms. BC is a much more virulent disease that spreads ...

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  • 7 months ago

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Youth Apathy Threatens to Hurt Obama in 2012

With their quality of life rapidly spiraling, young Americans will prove decisive on election day 2012.

Sal Bommarito commented 9 times
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Sal Bommarito rThere was an interesting Oped in the NY times about OWS protests written by a professor at Columbia who was president of the Students for a Democratic Society. He thinks that the protesters are a lot like the protesters of the 60's who had an a...

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  • 7 months ago

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2012 Elections Must Punish Poor Leadership

To get Washington to end its obstructionist politics, we should do more to punish bad leadership at the polls, while also reforming the campaign process that caters to special interests.

Sal Bommarito commented 10 times
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Sal Bommarito And what if all the mudslinging commercials on TV during the campaigns were replaced with ads that talk about the achievements of the candidates and their resumes? That would help a lot. Instead of getting elected by calling the other candidate an id...

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  • 8 months ago

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Corporate Tax Changes Are Key to Creating Jobs

In order to increase jobs, the government must implement a tax policy that encourages corporations to hire and spend.

Sal Bommarito commented 2 times
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Sal Bommarito You're not the first person to make this comment. I certainly understand that demand is the reason why you increase capacity. But with a relaxation of regulations coupled with a more favorable corporate tax environment, business confidence may i...

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  • 8 months ago

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Keys For An Obama Win

With a dismal approval rating, the strategy Obama needs to employ to win reelection will need to be aggressive, while focusing on the economy and his few successes since 2008.

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Bank of America Is Too Big To Fail

With BofA in dire straits, a potential bailout of the bank is looming, and would be necessary to keep the weakened economy afloat.

Sal Bommarito commented 17 times
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Sal Bommarito Deal.

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  • 9 months ago

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Obama Needs More Connection To Black Community

In a recent bus tour, President Obama showed he is uninterested in engaging black voters — the same group that helped him get elected.

Sal Bommarito commented 3 times
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Sal Bommarito In my humble opinion, the president has fallen short in this regard. I'm saddened because it has been a lost opportunity for those who are disenfranchised.

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  • 9 months ago

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Buffett is Right, We Need to Heavily Tax the Super-Rich

In a recent NYT op-ed, Warren Buffett acknowledged that the "super-rich" weren't being taxed enough, and he's right.

Sal Bommarito commented 8 times
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Sal Bommarito If the feds increase capital gains taxes to match ordinary income tax rates, the impact is more than just a few points (15% to 35%). If we're talking about increasing the 35% rate to 37%, it's not as big of a deal.

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  • 9 months ago

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Obama Should Not Seek Reelection

Obama should follow in Lyndon Johnson's footsteps and commit himself to fixing the national economy instead of concentrating on reelection while the country slips further into disrepair.

Sal Bommarito commented 4 times
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Sal Bommarito I think it's pretty clear how the Policymic posse feels about our president. I truly hope you are right for the good of our country. I respect your opinions and want to thank you for your comments.

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  • 9 months ago

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Bring Back The Good Ol' Days: Helpful Tips For New Super Committee

When the new budget super committee is formed, those "lucky" enough to be chosen have a lot of tough choices to make in order to get us back to the high point we saw in the 1990's.

Hey, It's me!

Sal Bommarito You are absolutely correct. In fact, Social Security is the only real entitlement as we all pay into it and we're supposed to get back our money when we are older. Nevertheless, at the time a senior is entitled to start receiving payments from S...

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  • 9 months ago

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Bridging the Income Gap Through Public Works

Bridging the income gap in today's economy means cutting welfare and unions, and employing people through public works.

Sal Bommarito commented 3 times
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Sal Bommarito There are millions of Americans who cannot find jobs. There are millions of people who receive welfare who either cannot find jobs or would rather not work. It is these people who I would target.

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  • 10 months ago

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What's Next in the Debt Ceiling Crisis Debate?

As time runs out in the debt negotiations, a look at the key players, decisions, and options.

Sal Bommarito commented 2 times
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Sal Bommarito I agree with you. It's clear that the American electorate is no more informed than most underdeveloped countries. We all have our special interest preferences and vote for those candidates who share them. If our voters took the time to consider ...

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  • 10 months ago

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An Election of Greed

If we do not change campaign fundraising regulations, we will be electing incompetency into office no matter which candidate we vote for.

Sal Bommarito commented 4 times
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Sal Bommarito A constitutional amendment has little chance of passing given that most of Congress is against an amendment. How can you say the system is not broken when Obama is expected to raise a billion dollars? With this money he will trash whomever he runs ag...

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  • 10 months ago

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"Letting Bankers Walk" Not A Bad Idea

NYT columnist Paul Krugman's latest attack on bankers is unfounded. A healthy banking system is necessary for America to get back on its feet.

Sal Bommarito commented 16 times
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Sal Bommarito You are right, the distinctions are blurred. I apologize and retract my comment on that issue. However, you cannot appreciate my feelings relating to the way bankers have been treated by Congress and the media during the last few years because we ar...

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  • 9 months ago

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A Pragmatic Perspective on the National Debt Crisis

The most realistic solution to the debt ceiling calls for compromise that may be hard to swallow for today's generation of idealists.

Sal Bommarito commented 18 times
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Sal Bommarito Well, it ended okay for the time being. Whether we will beagle to enact future cuts and revenue enhancement is another story.

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  • 10 months ago

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Do Not Raise Taxes; Cut Waste

Increasing taxes on wealthy Americans is not going to solve the country's economic woes.

Sal Bommarito commented 23 times
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Sal Bommarito Mic to you. This is the question that I've been asking myself ever since Obama became president and began to fan the flames of class warfare.

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  • 10 months ago

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The Survival of Israel Depends on the U.S.

Israel depends on the U.S.'s economic and military support, and recent comments made by Obama only encourage Arab opposition.

Sal Bommarito commented 2 times
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Sal Bommarito For sure the Israelis are paranoid when it comes to negotiating with Arabs. I believe they have should be based upon history. Israel is a small state embedded between hostile Arab countries, few of which would ever sign a pact that ensures the surviv...

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  • 11 months ago

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America: A Land of Immigrants With an Immigration Problem

Our government should not accommodate illegal immigrants, as it is a burden on tax payers and our social systems.

Sal Bommarito commented 6 times
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Sal Bommarito I scanned your reference, but I don't believe it. My reference has the net outlays at over $300 billion. Somebody is really off the wall. In any case, do you honestly believe that 10-20 million illegal aliens using schools, hospitals and other s...

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  • 11 months ago

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Parental Paralysis in Education

The misallocation of funds and lack of parental support are major factors in America's lag in test scores. Parents from poorer neighborhoods must be equally engaged in their child's education.

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Obama and Netanyahu: Finding a Middle East Peace Plan That Works

The Israeli-Palestinian conflict is a tough issue, made more complicated by Obama and U.S. foreign policy intervention. Taking a step back and creating a feasible peace plan is the best strategy.

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Why Populist Outrage Fails to Accept the Hard Work of the Rich

Redistributing wealth by taking money from the upper classes and providing it to the poor is a failed concept. Those who are rich in this country have worked hard for their success.

Sal Bommarito commented 2 times
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Sal Bommarito Do you believe it was good public policy to install a $1 trillion program for 20 million Americans and nothing for the other 300 plus million citizens? I would have no problem with Obamacare if benefits accrued to all Americans. And the timing of th...

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  • 11 months ago

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The Need to Cut War Spending

Government spending for defense should be cut heavily, as it doesn't make fiscal sense in helping to build our economy. We should instead spend on, domestic infrastructure and welfare.

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Hold the Party Until the End of the War

The War on Terror is not over, despite the death of Osama bin Laden. Therefore our celebrations are premature.

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Populist Economic Myths Debunked

There are many myths about the policy views of fiscal conservatives and the "Wall Street Establishment." It's time these untruths were debunked.

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From the Sky and Ground, War Strategy Has Highs and Lows

Wars built around air campaigns save lives but fail to achieve lasting results. Ground wars can be drawn out and can have mixed results. We must choose wisely in Libya.

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America and the Promotion of Gay Marriage

Gay couples should have the same marriage rights as heterosexual couples. Alienating such a large group of citizens runs counter to American ideals of tolerance and inclusion.

Hey, It's me!

Sal Bommarito Thank you for your comment. Actually, the majority of Americans seem ready to give gay couples the same financial and legal rights as married couples. But these rights would exclude the right to be "married," and so the rights are not the s...

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  • 11 months ago

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A Sense Of Entitlement

The financial stability of the U.S. should trump any sense of government-funded entitlement various groups may have. The U.S. can’t continue to fund entitlement programs.