Dow Falls Below 7,000 For First Time Since 1997

[Shibby]

I still don't understand why they couldn't give money to the citizens. It seems like that would boost the economy and get people out debt. Taking all these companies away from needing a bailout.

[NewbieChris]

I still don't understand why they couldn't give money to the citizens. It seems like that would boost the economy and get people out debt. Taking all these companies away from needing a bailout.

There is a belief that people would NOT spend the money if they got refunds. There is also a belief that giving the cash to banks would create MORE lending and capital flow for the real problem in the credit crunch. That is that companies can't short-term loans to pay their expenses.

[Shibby]

If they feel people wouldn't spend money or wouldn't spend it in the right places then go to the credit companies, investment companies, collection agencies and just knock of a certain percentage of everyone's debt. I get that a lot of people got themselves into major debt and shouldn't necessarily get a mulligan. I don't understand how giving the banks and such money to keep them from going out of business will get the citizens out of their personal financial problems. If there is no demand it doesn't matter if we have the supply.

[curtus e flush]

I still don't understand why they couldn't give money to the citizens. It seems like that would boost the economy and get people out debt. Taking all these companies away from needing a bailout.

this is a great idea....

[Shibby]

this is a great idea....

I don't know if you are being serious or sarcastic, but if it's a latter I am open to being corrected, as I am truly lost on all this.

[bigbadexcursion]

I know what B will say about this. But, I believe that the "Stimulus Package" is designed to implode the US economy and that is exactly what is happening. We were already in a bad way but then we add all this government debt and the amount of money the treasury is printing to pay for the new spending not to mention the fact that the Federal Government now owns almost 80% of Citi bank and a huge portion of some other banks as well as AIG now. Now the Chinese say they are not going to buy our Treasury bonds so the only way to get the money is print it. I think the new budget and the Stimulus package are a way to bring the US into line with the socialist western nations of Europe. I know I sound like NewbieChris here but from where I stand things look grim. I think the bottom is a long way down from here. I hope not But......

wait wasnt obama supposed to be our savior?

[Bouncer]

Dude, you can't move to California. I don't think you would fit in all that well.

FOXNews.com - California High Court Weighs Arguments in Gay Marriage Ban - Local News | News Articles | National News | US News

arnold is my king

[curtus e flush]

I don't know if you are being serious or sarcastic, but if it's a latter I am open to being corrected, as I am truly lost on all this.

serious

[curtus e flush]

arnold is my king

:D:D

[NewbieChris]

If they feel people wouldn't spend money or wouldn't spend it in the right places then go to the credit companies, investment companies, collection agencies and just knock of a certain percentage of everyone's debt. I get that a lot of people got themselves into major debt and shouldn't necessarily get a mulligan. I don't understand how giving the banks and such money to keep them from going out of business will get the citizens out of their personal financial problems. If there is no demand it doesn't matter if we have the supply.

Corporate lines of credit are a much larger concern in terms of the global market. If a company cannot secure a line of credit to continue business operations the companies will fail. This was the initial reasoning behind tarp and more generally the actions the federal reserve took. The cause of this financial instability may have been American mortgages, but they caused a greater problem. Again, without short term credit most firms cannot operate. What do they do then, lay people off.

While I think you have a great idea about giving the money to people, that action as well would not stimulate economic growth. It would allow people the ability to pay off their debts, but that is not going to create corporate lending from banks. I also believe that it would not re-value homes, which is extremely important. That is where the lost capital is and that is, the value of the property. There are plenty of metrics used to aid an ailing economy. I am of the personal beliefs, however, that any measures taken by the government will never work.

There is a conciousness to an economy and that is the social concious of the people within that economy. Inevitably there will be people who think what the government did was right or mandatory. There will also be the opposite reaction by others. Failure to act results in the same result.

The important thing to learn from this experien e is that regulation is the MOST important part of financial stability. When you have privately owned firms, who are in the business of making money, valuating assets and getting paid by the companies they value...something is wrong. Also, corporate secrecy is a killer. There needs to be a perfect flow of information for N economy to perform correctly.

The best thing america can do currently is wait it out and remember that we need to find the next wave and ride it to stay ahead of the curve or we will be left behind.

[bigbadexcursion]

lol Im just sitting here chuckling at all the obama supporters....

[Bouncer]

lol Im just sitting here chuckling at all the obama supporters....

you are a dumb fuck bro. no joke. he inherited this mess and you think he can do something about it in 2 months.

its like someone giving me your body and saying, "look like you workout." would take me a lot longer then 2 months..

[NewbieChris]

you are a dumb fuck bro. no joke. he inherited this mess and you think he can do something about it in 2 months.

its like someone giving me your body and saying, "look like you workout." would take me a lot longer then 2 months..

That's not fair b. President Obama is not moving to solve this problem. He talks about decisive action and bold new I itiatives, but he has shown none of that to the financial community. The stimulus is a joke and most serious investors see it doing nothing. The plan the treasury set forth was a joke and horribly prepared. There are action steps that this administration can take to alieviate the financial strain because serious investors and financial experts feel these measures MUST be taken. IE reenstatement of the uptick rule, elimination of mark to market accounting for valuation of assests.

[bigbadexcursion]

you are a dumb fuck bro. no joke. he inherited this mess and you think he can do something about it in 2 months.

its like someone giving me your body and saying, "look like you workout." would take me a lot longer then 2 months..

must have hit a sore spot with the obamatard....


inherited this mess from his democratic congress maybe. oh yeah but wait spending 1.3 trillion frivolously is doing the right thing for our country...:rolleyes:

when this is all said and done he will be resting right next to carter as one of the worst presidents EVER

[bigbadexcursion]

That's not fair b. President Obama is not moving to solve this problem. He talks about decisive action and bold new I itiatives, but he has shown none of that to the financial community. The stimulus is a joke and most serious investors see it doing nothing. The plan the treasury set forth was a joke and horribly prepared. There are action steps that this administration can take to alieviate the financial strain because serious investors and financial experts feel these measures MUST be taken. IE reenstatement of the uptick rule, elimination of mark to market accounting for valuation of assests.

not to mention everyone he appoints has severe tax problems which is oh so ironic...

the market is reacting to his non action. that stimulus is nothing but pork. creating jobs? lmao. ok.