10 things about our new budget

[mrsleeve]

lol it all has to end sometime

[Stephen]

Geez you guys finally stopped?

[kronus]

Me too... thanks for getting my arguing all done and out before the week starts :)

[mrsleeve]

RUSH is a idiot I dont listen to him hes nothing but a blow hard and a alarmist.

That said I have had enough

[kronus]

I've already told you several times that the games investors play don't have big Obama variables in them... I'm not sure why you continue to ignore that statement.

The last time everyone blamed a DOW drop on some sort of Obama plan (a few weeks ago), it was because of a completely different reason: a bill that would let investment banks federalize entire loan tranches didn't pass.

If it did, the rich would get richer, and the poor would continue to lose what little money they had. Why did the DOW drop? Because the rich failed to get richer and were understandably pissed about that.


Yes, the words "hope" and "change" are in my vocabulary. I "hope" that Obama's "changes" will be successful. This is a whole lot more credit than your camp is giving him, and it's frankly annoying to see you all so convinced that what Rush told you is right, and blaming Obama for being a socialist and bringing this country into ruin with his draconian tax program (that doesn't even affect you), without proposing any better ideas*.







* tax cuts is NOT A BETTER IDEA.

[mrsleeve]

WTF kinda run around the question was that.


IF all the investors thought what the "Black Jesus" has got going on, in the 1.2T + in stimulus packages and a bloated budget was going to help and fix the economy, dont you think they would be making more "optimistic choices"???? It seems that many are selling off and taking their money and going to a beach some where to retire.

You watch when the next 4XXBillion is signed early this week you will see the DOW drop at least 400 points.


Maybe after some of you college and HS guys have had a real job for a while and have to live on your own and fend for yourselves you will get it. I used to be a hard line dem till I realized and educated myself as to what the hell was going on and how things worked.

[kronus]

Well, in the current situation, investors have their tails solidly between their legs no matter what the black Jesus says or does, because they've just ridden the roller coaster down almost 50%. They're not going to make any optimistic choices and non-guaranteed investments until the financial atmosphere retreats from certain doom.

Ironically, the financial atmosphere won't do so until the investors make some optimistic choices and let some money into the system.

[mrsleeve]

Is this a question or a statement?

Both

[kronus]

^^ regardless of whether it's a question or a statement, Obama has less of an impact on the DOW than you think.

[Danny]

Dont you think if there was any confidence in what he is doing is going to help, the markets would go up??????????????????

Is this a question or a statement?

[mrsleeve]

^^^^^^^^^^^^^^^^

No shit

But the spending that is going on and his polices are now pushing the market down even further, Dont you think if there was any confidence in what he is doing is going to help, the markets would go up?????????????????? Seems fairly reasonable by both your argument and mine dose it not.

Those loans were made because of GOVT interference thanks to Carter and Clinton, Let the repo's happen let the market normalize to where it should be and let all those that could not ford to pay for a home (for what ever reason) go back to renting again. This is going to happen, one way or another no matter how much money we pump in to it. Unless of course the tax payers just pay for the property and sign the deed over to the undeserving idiots. This is just what happened in the years that preceded the Great depression. Go talk to old people that were alive and see if they have any parallels you might be surprised

[kronus]

Back in 2008, I said:

February will suck in the home market, it will have to try very hard not to collapse. Obama will be blamed, even though people in the know have known that this collapse is inevitable.

Obama's presence and the markets' collapse happening concurrently does not mean one caused the other. The financial tycoons couldn't give a secretary's queef about what Obama does... they have bigger problems in the forms of trillions in bad loan packages that were repackaged and sold back and forth until nobody had a clue who owned what originally.

[mrsleeve]

Well who singed the bulk of the bad trade deals, Who was the 1st to open up trade with china?????

that said I not saying Bush did good things and not saying that we needed 4 more years of that, what I am saying, is this road we are going down is not a good thing.

This 1st month of Obama look where the markets have gone (every time he talks they go down and I and we all lose money). Look how many people are getting the can, wonder how many more will get it. The GOVT is saying go out and spend, spend, spend, rack up your CC bills, because thats exactly what they are doing. Its wrong it will punish all of use who actual have to earn a living and support our selves. Why do I who has been responsible and not bought more house than I can afford and am renting till I can but the property I want, have to pay for all the idiots out there that got them selves into trouble???????????????

[kronus]

If we had not let all of our manufacturing jobs with bogus trade deals go to China, mexico, Jordan ,brazil and the like we would not have to run to china the money would still be here in this country.

Well, yeah. And we'd have things that don't fall apart after a year of use.

Also I want a pony and a great big bunny rabbit made of candy, Santa.


EDIT - The US capitalismed its way into this shit. Capitalisming some more isn't going to help. Yes, I just verbed capitalism.

[mrsleeve]

Be thankful that someone has money left. If China couldn't buy our bulked bad loans everyone would be in much more hot shit than they are now.

If we had not let all of our manufacturing jobs with bogus trade deals go to China, mexico, Jordan ,brazil and the like we would not have to run to china the money would still be here in this country. This predicament would not be as bad as its going to be, because people would still have jobs or there would at least be more choices out there.