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Bush did a great job indeed! We miss him dearly and this Obama guy should have never been elected. I miss Bush's intelligence, his advanced command of the English language, i.e "misunderestimated", "nucular" and his deep and analytical understanding of the Constitution. I wish more people were just enlightened as you are to realize that Bush was indeed an economic genius!
I don't just think it I know it. That is just about as good as I can say without telling you what stocks we own. They weathered the crash just fine, but every time he opens his mouth, down they go again. I expected it to happen and tried to get my husband to sell. I am looking forward to another president and maybe they will go back up.
Did your stocks go down when Obama spoke, and stay down...then begin to creep back up, only to collapse again at his next speech? And the big investors in them (funds and so on) didnt anticipate whatever was coming and then couldnt recover? Hmmm, that sounds astoundingly fragile.
Maybe you should either buy stocks that arent so sensitive, or just bear with them if you're holding them for the long term and you have faith in their management and products/services. You could get out of US stocks for the time being and look at Chinese and emerging market options.
You know that since March the market has been trending upward. If you bought at a high price though, last Oct or Dec or Jan, you'll just have to hang on awhile if you dont want to jump into something else and make up your current losses.
Guess you know all that already
Last edited by delusianne; 07-07-2009 at 09:50 AM..
Reason: "if", not "unless"
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7,093 posts, read 3,555,770 times
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Quote:
Originally Posted by delusianne
Did your stocks go down when Obama spoke, and stay down...then begin to creep back up, only to collapse again at his next speech? And the big investors in them (funds and so on) didnt anticipate whatever was coming and then couldnt recover? Hmmm, that sounds astoundingly fragile.
Maybe you should either buy stocks that arent so sensitive, or just bear with them if you're holding them for the long term and you have faith in their management and products/services. You could get out of US stocks for the time being and look at Chinese and emerging market options.
You know that since March the market has been trending upward. If you bought at a high price though, last Oct or Dec or Jan, you'll just have to hang on awhile unless you dont want to jump into something else and make up your current losses.
Guess you know all that already
And maybe you should mind your own business and do a better job voting next time. If you knew anything and had any knowledge, you would not be for Obama.
And maybe you should mind your own business and do a better job voting next time. If you knew anything and had any knowledge, you would not be for Obama.
Right, if you had any knowledge, you have voted for McCain because Bush was an economic genius and McCain knew that the fundamentals of the economy were strong all along. Please, learn the intellectual ways of the GOP and you will be a better human being!
And maybe you should mind your own business and do a better job voting next time. If you knew anything and had any knowledge, you would not be for Obama.
Sorry, just suggesting a way to hang on to your money. I know it's not my business, couldnt help myself though. Believe whatever voodoo you want.
Sonny, you've got nothing to teach and a lot to learn.
Post-39: There was no tech bubble. The dot-com industry was cleaned out in 1997-98 as the brick-and-mortar boys saw the gains that B2B internet applications had brought them and began to leverage that in-house investment into retail operations. The telecom collapse resulted from white-collar crime and accounting cover-ups. Technology kept right on ticking throughout. If Clinton somehow benefitted, why didn't Bush?
Post-40: Reagan's tax cuts resulted in REDUCED federal revenues. This is what always happens as the result of tax cuts. Idiot supply-siders like to pretend that the secondary stimulative effects of a tax cut are enough to overcome the primary effect. It ain't so, and no serious person believes that it is. Federal revenues grew under Reagan after he abandoned the final third of his tax cuts and then enacted tax increases in all of 1983-86.
Post-43: Bush's tax cuts fixed nothing. Because they were targeted to the rich, they produced no new economic gains, only a weak and so-called jobless-recovery based solely on expanding corporate profits. This is why the Fed had to leave interest rates at zero, hoping to promote some activity, but the activity that promoted was demand for MBS's that Wall Street fed and fed and fed, finally dumping us into a credit crisis after paper they knew was bad when they created it started to fail in other people's hands.
Post-46 It is you who is clueless. The banks and auto companies came to the government on the brink of failure. Failure has way significant and undesirable downstream effects. See Lehman Brothers. There was never any intent to "centralize" anything. Just an intent to contain a crisis in the only way that it could be. Health care and energy have been two grwoing national disasters for decades. Efforts to move in different directions are long overdue. ARRA has already put memaningful resources into the economy and the bulk of it is yet to come. The idea that it is "screwed up" is in your head.
Post-49: The government is crafting regulations to keep the financial sector from the sorts of excess that put us where we are today. Too bad the Bushies didn't think to do that. Instead, they were cheerleading for the whole operation. There is a difference between health care and health care financing. For all the "intense economic education" that you think you have had, you are certainly slow to see that difference. Cap & Trade will shift demand from one sector to another. That's the whole point of energy independence. What did the automobile do to the buggy-whip and blacksmith industries? Real job-killers those cars were.
Post-50: The FDR Prolonged the Depression school has all the professional respect and reputation of the palm-reading industry.
Bottom Line: Like the universe of right-wingers, you are far from the mark from the get-go.
"Bill Clinton was stupid enough to sign it into law, I'll give you that much."
Really? Get back to me when you know what the "working group" was.
"Democrats agreed to support the bill after Republicans agreed to strengthen provisions of the anti-redlining Community Reinvestment Act and address certain privacy concerns; the conference committee then finished its work by the beginning of November.On November 4th, the final bill resolving the differences was passed by the Senate 90-8,and by the House 362-57"
"The middle class has been disappearing and wealth inequalities have been growing, which I attribute to corporate globalization and anti-union politics, both ardently supported by Bush and the majority of Republicans."
I'm in S.E. MI. We have 14.1% unemployment thanks to the UAW and the democrats who have helped them drive industry out of our state with anti-business regulations and business unfriendly taxes. I would consider leaving if I weren't stuck in a house I can't sell. Today houses here are going for about 40% of what they were five years ago. It's not like that in the South were the non-union European and Japanese auto makes operate profitably. In fact, the non-union workers there are earning more money today than their UAW counterparts here because they have been working overtime. Unions destroy jobs and industries.
Oh come on, you know that if we still had Glass Steagel, this whole economic crisis never would have happened. You Republicans should be happy that I'm blaming a bill that Clinton signed for a large portion of the current economic crisis. As for your comments about the Democrats and the United Auto Workers, tell me how they drove the auto industry out of Southeast Michigan? From what I know the only bad thing that the UAW and many Michigan Dems did (fighting against higher emission standards) was also a top priority of the Republicans and the Auto Industry. Why not blame them as well instead of blaming a union that helped turn many auto manufacturing jobs into living wage jobs that one could support a family on. You don't think that all the new Maquiladoras and free trade zones right on the other side of the Mexican boarder, where workers earn less in a day than American workers earn in an hour, has something to do with the disappearance of auto jobs? I know it does. As for the whole Fannie Mae/Freddie Mac ordeal, this is just part of the financial crisis. The repeal of Glass Steagel, the consolidation that lead to the creation of "too big to fail" institutions, the lack of regulation of the subprime mortage, mortage backed securities and derivative markets, skyrocketing housing prices and stagnant wages all contributed to the current economic crisis. I'm not saying that the Dems are perfectly innocent, they're not. I'm saying that the Republicans deserve the majority of the blame. Why is it that the Republicans want to Regulate a government-run enterprise (Fannie Mae/ Freddie Mac) but then absolutely refuse to regulate anything in the private sector? They think like a bunch of cavemen if you ask me: public sector bad, private sector good, free market good, regulation bad, regulate public sector, don't regulate private sector.
Bush did a great job indeed! We miss him dearly and this Obama guy should have never been elected. I miss Bush's intelligence, his advanced command of the English language, i.e "misunderestimated", "nucular" and his deep and analytical understanding of the Constitution. I wish more people were just enlightened as you are to realize that Bush was indeed an economic genius!
I'd rather have someone who trips over his words, but has a pair of balls and is a real man..than some panzy who only knows how to bow..I mean bend over and appologize..
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