Dow Falls Below 7,000 For First Time Since 1997

[Bouncer]

WTF? OOOOOOHHHHH...:idea: Duh!

that's what leads in his mind before every obama argument weather he knows it or not.

[NewbieChris]

bigbadexcursion has never met a black person he has liked. end of story.

WTF? OOOOOOHHHHH...:idea: Duh!

[Bouncer]

bigbadexcursion has never met a black person he has liked. end of story.

[NewbieChris]

Chris, I think you are walking of very dangerous ground judging someone of the military without having served yourself.

I'm sorry, you are right. It just bites me the wrong way when people blame a single politician/political party for our problems, especially the President. Obama has not been the only politician in support of everything that the government has put into place lately.


Look BigBadExcursion, feel how you like about things but keep in mind Republicans had complete political control. the President was elected on the promise of change. Constant criticism that has no substance is going to get the country NO WHERE. Stating how his policies are really failing is important...but your comments don't do that. I agree with you that the stimulus isn't the best solution and that it was thrown together poorly by congress. However, the President DID NOT write the bill, democratic politicians, political assistants and ECONOMISTS (who believe this stimulus will help alieviate the pain of the recession) wrote the bill.

[Bouncer]

My oath wasn't to suck Obamas ass. I dont agree with him, and have every right to say so.

that wasnt your argument for bush.

[Shibby]

Chris, I think you are walking of very dangerous ground judging someone of the military without having served yourself.

[NewbieChris]

My oath wasn't to suck Obamas ass. I dont agree with him, and have every right to say so.

You sure as hell aren't respecting him. Sucking someones ass and showing respect towards the President are two completely separate matters.

[bigbadexcursion]

My oath wasn't to suck Obamas ass. I dont agree with him, and have every right to say so.

[NewbieChris]

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:

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.

For someone who had a picture of a dude [one would assume it is you] in fatigues in his avatar you sure aren't showing much respect for the chain of command. The problem was not caused by a party or a single person. To lay blame in one area is stupidity. I personally think it had to do a lot with the lax regulations put in place by many politicians down the road. The argument are making is not a winning argument because in the case of the economy there isn't one.

The market is reacting to the treasuries in-action and poorly implemented 'rescue' of the financial markets, the stimulus plan that was worked on by both parties, buy demonized by Republicans (even though there were clearly some that opposed in on principal, but that was not the majority) in a political move. When will the polluted masses learn that this country is not Democrats against Republicans. it is citizens against politicians, an overwhelming amount of this country believes politicians are wasteful, but they do nothing to alter the political climate. There will not be change until we fight for it, because this is not Iraq. No one is going to bring foreign military into our country to solve our problems.

[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.

[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

[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.

[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..

[bigbadexcursion]

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

[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.