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Old 08-07-2011, 10:03 PM
 
Location: The Republic of Texas
78,866 posts, read 46,420,298 times
Reputation: 18520

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Hang Seng -845
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Old 08-07-2011, 10:20 PM
 
47,525 posts, read 69,515,932 times
Reputation: 22472
What a big big mistake it was not to rein in our spending and instead raise our debt even more.
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Old 08-07-2011, 10:35 PM
 
3,004 posts, read 3,876,906 times
Reputation: 2028
Scary stuff. Glad we pulled out of the market a decade ago, and glad we have our farm.
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Old 08-07-2011, 10:35 PM
 
Location: southwestern USA
1,823 posts, read 2,120,213 times
Reputation: 2440
During the comedic and farcical debt ceiling debate, it was hammerred to both sides repeatedly that the world markets and ratings services would react adversely to bickering, inaction, and dealing in slogans and idealogy instead of reason translated into concrete action.

These warnings were scoffed at by the teas----they called the warnings fictious exaggeration---for those of you who dont believe this just go back and read the transcripts and quotes of your favorite tea.

The incompetence of Obama has been amazing---his plundering and lack of leadership has been awful. That being said, the ineptness, arrogance, sloganism, and neanderthal behavior of the teas has indeed stood in the way of meaningful and logical action.

I am not exonerating the dems---by any means. Yet the carnival like atmosphere and tomfoolery of the zealots has frightened the nation and the world. They now believe the United State is paralyzed by its club med of political suicidal hacks.

The rating services and the international community is not sure if this country has the pragmatism and clarity to accomplish anything significant any longer--sadly, they may be correct.

To our leaders and pretenders-----the time has come to cast the die-----if you are longer willing to participate in a rational, logical,and meaningful manner in solving our problems----get the heck out. Go back to your ranches, villas, or contracting companies. Time to go to work-----use creativity and reasoning---no more slogans, rants, or idealogy----otherwise again---syanara.
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Old 08-07-2011, 11:57 PM
 
24,364 posts, read 22,946,540 times
Reputation: 14940
Ron Paul warned us be we didn't listen. We didn't listen!
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Old 08-08-2011, 12:21 AM
 
16,433 posts, read 22,134,819 times
Reputation: 9622
Quote:
Originally Posted by chattypatty View Post
Scary stuff. Glad we pulled out of the market a decade ago, and glad we have our farm.
Very prescient move. I wish I had been as smart. I'm set to get well hammered when the market opens today. Thankfully, nothing is on margin so I can ride it out,...or down...
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Old 08-08-2011, 12:43 AM
 
Location: Los Angeles
14,361 posts, read 9,752,007 times
Reputation: 6663
Quote:
Originally Posted by Icy Tea View Post
Ron Paul warned us be we didn't listen. We didn't listen!
Most of us knew, we listened, however the politicians didn't. Anyone that espoused cutting spending were called koolaid drinkers and fringe lunatics. When everything we've been warning about comes true, hindsight will be 20-20, and both sides will claim the other caused it. Even with the truth in full effect, they'll keep blaming.

que sera sera

Dow set to open -300, don't be surprised if it hits 4-500. It may not crash, but it'll be in a slow burn for the next few weeks -- at least.
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Old 08-08-2011, 12:53 AM
 
47,525 posts, read 69,515,932 times
Reputation: 22472
Quote:
Originally Posted by jefffla01 View Post
During the comedic and farcical debt ceiling debate, it was hammerred to both sides repeatedly that the world markets and ratings services would react adversely to bickering, inaction, and dealing in slogans and idealogy instead of reason translated into concrete action.

These warnings were scoffed at by the teas----they called the warnings fictious exaggeration---for those of you who dont believe this just go back and read the transcripts and quotes of your favorite tea.

The incompetence of Obama has been amazing---his plundering and lack of leadership has been awful. That being said, the ineptness, arrogance, sloganism, and neanderthal behavior of the teas has indeed stood in the way of meaningful and logical action.

I am not exonerating the dems---by any means. Yet the carnival like atmosphere and tomfoolery of the zealots has frightened the nation and the world. They now believe the United State is paralyzed by its club med of political suicidal hacks.

The rating services and the international community is not sure if this country has the pragmatism and clarity to accomplish anything significant any longer--sadly, they may be correct.

To our leaders and pretenders-----the time has come to cast the die-----if you are longer willing to participate in a rational, logical,and meaningful manner in solving our problems----get the heck out. Go back to your ranches, villas, or contracting companies. Time to go to work-----use creativity and reasoning---no more slogans, rants, or idealogy----otherwise again---syanara.
Nice rant but you forget that the credit rating stayed AAA during all the bickering. It was when the GOP folded and accepted a big hike in the debt ceiling that we lost our AAA rating.

We proved we don't have the ability to cut wild spending and plan to just go on spending and spending and spending our way into ever higher debt.
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Old 08-08-2011, 12:58 AM
 
Location: Los Angeles
14,361 posts, read 9,752,007 times
Reputation: 6663
Quote:
Originally Posted by jefffla01 View Post
During the comedic and farcical debt ceiling debate, it was hammerred to both sides repeatedly that the world markets and ratings services would react adversely to bickering, inaction, and dealing in slogans and idealogy instead of reason translated into concrete action.

These warnings were scoffed at by the teas----they called the warnings fictious exaggeration---for those of you who dont believe this just go back and read the transcripts and quotes of your favorite tea.

The incompetence of Obama has been amazing---his plundering and lack of leadership has been awful. That being said, the ineptness, arrogance, sloganism, and neanderthal behavior of the teas has indeed stood in the way of meaningful and logical action.

I am not exonerating the dems---by any means. Yet the carnival like atmosphere and tomfoolery of the zealots has frightened the nation and the world. They now believe the United State is paralyzed by its club med of political suicidal hacks.

The rating services and the international community is not sure if this country has the pragmatism and clarity to accomplish anything significant any longer--sadly, they may be correct.

To our leaders and pretenders-----the time has come to cast the die-----if you are longer willing to participate in a rational, logical,and meaningful manner in solving our problems----get the heck out. Go back to your ranches, villas, or contracting companies. Time to go to work-----use creativity and reasoning---no more slogans, rants, or idealogy----otherwise again---syanara.
All you've said is that the dems should not have backed down from their ideology (the ideology of spending), and that it's the "TEAS" that basically caused these problems. That's an insane perspective.

It's like the blind leading the blind. We are in this mess because of borrowing and over spending, and for what? TO BUY VOTES and appease the base! The TP is blamed for wanting this stopped THREE YEARS AGO!!! It isn't like "nobody saw it coming". The warnings were ignored and now the country is paying for their own ignorance.

The arrogance; pretending to be bipartisan in a totally partisan way seems to be par for the course. Dems and Reps had plenty of warnings that the people were tired of their BS, and they all blew it. Both sides (excluding the TP) those elite minded, arrogant, "same as it ever was", mainstream politicians who got us into this mess.

I hope that whoever is elected in the next round understands that we can balance a check book, and if they can't -- We're out of patience!

Last edited by steven_h; 08-08-2011 at 01:18 AM..
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Old 08-08-2011, 01:11 AM
 
47,525 posts, read 69,515,932 times
Reputation: 22472
And exactly what do we have to show from all the wildly out-of-control spending these past few years?
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