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Ron Paul 1000% on.
Well said Ron Paul
Undervalued public servant.
Ron Paul 1000% on.
Well said Ron Paul
We lost, what 7% today? The famed crash of that time saw the DOW lose 90% of its value in one day.
What's the difference in another 700 billion? It ain't going to solve the problem, just prolong the agony.
Look, something has to be done, but this bill sucked.
Put it another way...
Say someone takes you hostage and stands there with a gun to your head. Obviously the police need to do something about the situation. But aiming a bazooka at the bad guy's head and pulling the trigger and killing you both probably isn't a good solution, would you agree?
Same thing here. This does nothing to help "Main Street". It won't even keep the stock market from correcting like it needs to. All it does is bail out the rich ers who got us into this situation and give them reason to do it again with the lesson that if you're going to the system, go big - we'll bail you out!
Banks failed in the S&L crisis in the 80s. Banks failed during the Great Depression. Know what though? Others stepped up to take their place. Others would do the same with this all as well.
It's all moot though, a deal will get done this week, I just hope the final terms are less of a screw job for you and me and everyone else on this board.
I'm not saying Obama looked worse than McCain. They both look dumb, but the media will give Obama a free pass as usual.
And in the long term, if it's passed, you're looking at about 10% annual inflation for probably the next decade.
Yeah whatever.
Did Obama vote on the bill?
Yeah whatever.
What confuses me about Mannny's stance is that he's so concerned about jobs and the economy yet he is so in the tank for a guy that is going to completely and totally cripple the economy.
I mean do you realize it was just two weeks ago Obama was talking about raising taxes arcross the board? On many of these ins utions that are now going under?
Raising property taxes on the same people that can't make their house payments?
Raising corporate taxes and payroll taxes on an already cash strapped economy?
It was insane...if you were truly studying the economy and you are concerned about it...you aren't going to be voting for Obama.
That 600-1000 bucks he's going to give the poor is not going to be worth what it does to this economy...and anyone shuld be able to see the money isn't there to do anything Obama is still saying he is going to do.
You want to see out of touch...take a good hard look at Obama's economic plan. And watch how fast he's changing it due to the completely unrealistic things he is promising.
I thought it took about a lot longer for that decrease from September 1929 to July 1932.
Last edited by ChumpDumper; 09-29-2008 at 07:22 PM. Reason: read the end year wrong
Can I just start pulling figures out of my ass too?
Of course not. But where the was he today?
I don't agree with McCain's position but, he took one. Obama is waiting -- as usual -- to see how this plays out before he does anything.
As a result, his party's House Leader Pelosi screwed the pooch with her divisively partisan rant just before the vote.
This is the absolute worst Congress ever, led by the absolute worst speaker ever. ing re s.
You've just described about 90% of the people voting for him
They get him in, then get pissed when they see their taxes have been raised.
feelings first and country second?
Seeing as he is a member of the Senate and not the House of Representatives, no.
You even FAIL with your questions.
My guess is the Dems tried again, as they have done several times, to get special interest pork thrown into this deal.O Rly? So then telling the Dems they had the votes wasn't playing politics?
Yeah, OK.
The stance of the house Republicans is pretty clear...if you can figure what the ing Democrats are doing...you''re the best man in this thread.
If it's all a plot to get rid of Pelosi...I applaud them.
Your right Whottt. Thanks for showing me to the light. I never thought about my choice at all. I made it on a whim because I thought the term Obamessiah was catchy. I've also never posted that I disagree with Obama's economic policy. Never.
I'm going to vote for Palin/McCain now. Thanks Whottt. NO REALLY, Thanks.
Oh, its a plot to get rid of Pelosi but they didn't play politics. K. Thanks, once again for this brilliant insight.
That's your problem. You always guess. And you mostly guess wrong.
The real inflation rate in our country this year is a little north of 6%. I'm talking what it really costs for goods, not what the government tells you the inflation rate is.
We go into a recession that number will be in double figures, and in a depression it will stay there for years.
Look the Republicans played politics today. So did the Dems. Was that a little childish on their part? Sure. Did that stupid and her leadership group deserve it? Yeah.
I just don't get how you can be freaking out about this economy but unconcerned with an economc plan of pure fantasy that is going to cost jobs.
It just pisses me off that Dems are screaming that this is all the fault of the Republicans.
Five Democraptic House committee chairs voted no today. And several more were told to vote no so that Republicans would have to provide enough votes for this to pass so both parties are responsible for the fallout when we all get ed in the next couple of years and want to hold someone accountable.
If that's not partisan bull , I don't know what is.
July 1932. The single day of Black Monday was 13%. We could easily see at two day fall of that much today and tomorrow.
I went stage 1 today, fully tapping my HELOC. Lending will be the first thing to go, and a line that appears on your bank web page could be gone tomorrow. Even great, sound banks will have a tough time getting funds to lend, whether your credit is excellent or your house still has it's value. They just won't have the dinero and the line will evaporate. If this turns out to be a bump, I pay the money back with one month of 5.95% interest. If not, I have five figures of cash that I can get my hands on if the market turns further south.
You were right - it took almost three years to drop that 90%.
October 20, 1987
The stock market was devastated by the worst one-day collapse in history yesterday in a pandemonium of panic selling that shattered all records and swamped stock exchanges around the country and overseas.
The best-known market barometer -- the Dow Jones average of 30 industrial stocks -- plummeted 508 points, five times the previous record set last Friday. The Dow closed at 1738, dropping 22.6 percent, or nearly double the 12.8 percent plunge of Oct. 29, 1929, the crash that began the Great Depression.
http://www.washingtonpost.com/wp-srv...ackm/87oct.htm
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