Tomorrow’s (Monday, March 9) Dow to drop 1,200 at opening bell (wages, dollar)

[momonkey]

Originally Posted by PCALMike

This is from 1993. Do you agree or disagree with what he says here:


https://www.youtube.com/watch?v=I0XIgEK6heM

Lots of FDR democrats like him out there. They are not bribed by corporate interests but vilified by mainstream media.

First of all, he's not a Democrat...(good on him).

Second, I like anyone the establishment hates.

Lots of us here in Michigan will be voting for him tomorrow.

He doesn't have a snowball's chance in hell of winning, but it sends the right message.

[ipaper]

Originally Posted by momonkey

Obama had eight years to address the growing trade imbalance with China.

He did nothing.

Bush Jr. had eight years to address trade with China.

He also did nothing.

At some point, you have to do something.

https://www.census.gov/foreign-trade/balance/c5700.html

Obama also had a economic mess on his had when he took office, a deep hole to dig out from. Trump had nothing near that to start from.

[trobesmom]

Originally Posted by momonkey

Obama had eight years to address the growing trade imbalance with China.

He did nothing.

Bush Jr. had eight years to address trade with China.

He also did nothing.

At some point, you have to do something.

https://www.census.gov/foreign-trade/balance/c5700.html

So you are a proponent of do something even if it's wrong philosophy?

[momonkey]

Originally Posted by trobesmom

FDR was anything but a disaster.

"Saturday — Went to the White House and met Jones there. I said to the President that we did not buy any gold last night. He said, "That is right. Harrison called up and spoke to Jesse." I could not make out whether he also spoke to the President. Then Harrison urged that inasmuch as Saturday was only half a day that they should not buy any gold. Both the President and Jones said that they thought they made a mistake by agreeing with Harrison. I believe it was on Friday that we raised the price 21¢, and the President said, "It is a lucky number because it is three times seven." If anybody ever knew how we really set the gold price through a combination of lucky numbers, etc., I think that they really would be frightened. "

~ Henry Morgenthau Jr.

[momonkey]

Originally Posted by trobesmom

So you are a proponent of do something even if it's wrong philosophy?

What is right about an ever-growing trade deficit and dependency on Communist China?

[momonkey]

Originally Posted by ipaper

Obama also had a economic mess on his had when he took office, a deep hole to dig out from. Trump had nothing near that to start from.

How did our largely one-way trade arrangement with China help?

[momonkey]

Originally Posted by bus man

Not sure where you're getting this assertion from. I voted for Bush, quite enthusiastically, as I felt he was vastly better than Gore. I voted for McCain, unenthusiastically, only because I felt he was marginally better than Obama. I voted for Romney, with a moderate amount of enthusiasm, because I felt he was somewhat better than Obama. And I voted for Trump, enthusiastically, because I felt he was vastly better than Clinton (among other reasons).

I voted the same way, but I had to hold my nose to vote for Romney.

[bawac34618]

Originally Posted by ipaper

Obama also had a economic mess on his had when he took office, a deep hole to dig out from. Trump had nothing near that to start from.

Biden will however. The current mess makes 2008 look like a picnic in comparison.

I think as old as Biden is, his choice for running mate will be more crucial than is typical.

[Boompa]

So when was the last time the DOW lost 2,000 points in one day?

Recession in an understatement. What we have here is a full fledged DEPRESSION.

[tinytrump]

It’s obvious this bug going to unsettle things - but hope it’s short lived. To me all those speculators at Wall Street need to be on Xanax or weed cookies, at least camomile tea to calm their nerves!