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Old 11-09-2008, 08:49 PM
 
8,722 posts, read 4,829,619 times
Reputation: 2484

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Quote:
Originally Posted by atxcio View Post
Forget about 1 year. Let's talk all 8 years of the Bush presidency:

January '01, when Bush came in, dow was 10,887.

Today it closed at 8378.

How is that for an 8 year return?
Lets not forget that Clinton presided over the unstable run up that greeted Bush in Jan '01.

Stop blaming Republicans alone, both parties are at fault for the drastic swings because they promote attempts to "fix" the market with entities like the fed through too much manipulation of interest rates, lending, money supply, and other variables. Clinton was also responsible for cooking the books when it came to employment numbers and making them look much better than they really were.

If people could get past the partisan blame for the economy, we would be in much better shape and realize that regardless of party affiliation, we just need to hold our elected officials accountable to guide their policy in accordance with the basic economic principles of free markets, and sound money.
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Old 11-09-2008, 08:54 PM
 
16,202 posts, read 18,207,355 times
Reputation: 6477
What are you guys talking about... some of you are just plain weird... yes, its true that SOME democrats want to kill the 401k and make it absolutely worthless (while increasing the money the Government gets)... but think about it... if they did this... OMFG would there be hell to pay, the Dems would lose all of their supporters and gain tons and tons of haters... it would be absolute death for the Dems.. they will not ever take this approach... its plain stupid as is the person who recommended it...
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Old 11-09-2008, 08:56 PM
 
9,814 posts, read 18,564,646 times
Reputation: 7514
As soon as the democrats make a move to seize my private investment funds, I am liquidating, paying whatever taxes and penalties I have to and taking my money. I don't care what's left the government is not getting it.

If they do the 401k elimination plan, the stock market will crash and private funding that supports our great economy through investment will dry up. It's another nail in the coffin of our economy and future if that happens.
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Old 11-10-2008, 02:59 AM
 
Location: Imaginary Figment
11,457 posts, read 12,022,458 times
Reputation: 4755
Quote:
Originally Posted by nvxplorer View Post
Wow! A blog entry. I'm convinced!
Yes, as we can see, their dozens of outrageous accusations and exaggerations over the preceding months all turned out to be true.
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Old 11-10-2008, 10:08 AM
 
2,260 posts, read 3,236,385 times
Reputation: 380
Quote:
Originally Posted by evilnewbie View Post
What are you guys talking about... some of you are just plain weird... yes, its true that SOME democrats want to kill the 401k and make it absolutely worthless (while increasing the money the Government gets)... but think about it... if they did this... OMFG would there be hell to pay, the Dems would lose all of their supporters and gain tons and tons of haters... it would be absolute death for the Dems.. they will not ever take this approach... its plain stupid as is the person who recommended it...
Yeah they're not stupid enough to do it.
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Old 11-10-2008, 10:38 AM
 
Location: 3219'03.7"N 10643'55.9"W
7,913 posts, read 16,368,719 times
Reputation: 6800
Quote:
Originally Posted by atxcio View Post
Forget about 1 year. Let's talk all 8 years of the Bush presidency:

January '01, when Bush came in, dow was 10,887.

Today it closed at 8378.

How is that for an 8 year return?
Wasn't the Dow up over 14k in November 2006? As I recall, a new congress was elected then.
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Old 11-10-2008, 12:47 PM
 
69,370 posts, read 51,786,445 times
Reputation: 9357
Quote:
Originally Posted by mike0421 View Post
Wasn't the Dow up over 14k in November 2006? As I recall, a new congress was elected then.
Dont confuse liberals with facts. That disagrees with their happy feeling, Bush to blame for problems they made in their own lives..
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Old 11-10-2008, 01:08 PM
 
Location: Kansas City, MO
5,758 posts, read 9,265,882 times
Reputation: 2790
This was a plan written up by an economy professor and has no reality.

The government cant go into private companies and take your investment.
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Old 11-10-2008, 02:37 PM
 
9,814 posts, read 18,564,646 times
Reputation: 7514
Quote:
Originally Posted by RjRobb2 View Post
This was a plan written up by an economy professor and has no reality.

The government cant go into private companies and take your investment.
Sure they can. They can take over banks, private companies whatever they want.
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Old 11-10-2008, 03:02 PM
 
Location: New Mexico
8,388 posts, read 7,876,326 times
Reputation: 4070
Smile How long before Obama steals your 401K?

Quote:
Originally Posted by Rosinante View Post
I give it a year.
However long it is, he'll take yours before he gets to mine, so I'll take comfort in that.
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