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Post by goGopherBill on May 5, 2009 8:36:47 GMT -5
S&P is UP 36% since March lows.
My ECL stock of course is way better ..DID R BUY ?
Now for the debate..
President OBAMA said we had to spend all this money to FIX the economy.
Others said we had to GIVE BUSINESS and everyone TAX cuts.
2 extremes...what to do?
A few ,including myself , said DO NOTHING.
The cycle would correct itself naturally...you wouldn't spend money until you could afford it...and neither should any local.state or FEDERAL government.
Lessons of the past were not learned...we were told this is a crises...and extraordinary measures must be taken.. (just as BUSH said after 9-11 )
The FED by lowering interest rates and the LOW GAS PRICES are giving or saving AMERICANS BILLIONS that we need not pass on as debt to our children.
HAS OBAMA SAVED ANY OF YOU? So the rebound of the stock market as in a natural recession would and did occur without spending a DIME.
This would make the DEMOCRATS and REPUBLICANS seem STUPID as not knowing squat about MONEY or economies.
DID any of us really put faith in Government to save us?
They are the problem.
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Post by goGopherBill on May 5, 2009 13:29:16 GMT -5
Before the elections .. W. Buffet said this was a PEAL HARBOR CRISES in the economy.
Now he says .."the crises might be over "
MMM..Peal Harbor ?
I am beginning to think everything is related to getting DEMOCRATS POWER.
Either that or I was right..
YOU ARE ALL JUST SHEEP BEING LED TO SLAUGHTER.
baaa ?
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Post by Deleted on May 5, 2009 14:01:17 GMT -5
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Post by goGopherBill on May 5, 2009 15:36:35 GMT -5
After repeatedly suggesting that President Obama was responsible for the stock market's poor performance, Fox News host Sean Hannity, when confronted with the fact that the Dow Jones industrial average has surpassed its level on Inauguration Day, denied that the market is a proper "indicator" of Obama's performance handling the economy and stated: "The market doesn't mean anything to me." and in conclusion verifies what I have stated. Neither side has a grasp of historical markets swings,and each side including the right uses it for political gain. Hannity has a point.. nothing of what OBAMA HAS DONE is leading the economy. It was DEMOCRATS IN CONGRESS and President BUSH policies that led to the down turn. The market is self correcting IF GOVERNMENT stays out of the way. That means both sides. Let AMERICANS and free markets run the market and determine winners and losers..not some political party to repay campaign debt. Is Hannity always right? nope... Beck and BILLY"S are . Ann Too...
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Post by Deleted on May 5, 2009 17:21:01 GMT -5
"Let Americans and free markets run the market and determine winners and losers."
1) This failed miserably. 2) If you are going to have an economic system like ours, Bush and Obama had no choice but to bail out the banks. 3) I can't express to you how much it irritates me to read about "winners and losers". This belief, that financial success is how we should calculate our worth, is such a huge pile of BS.
Give me a high school teacher over the CEO of Goldman Sachs *any* day of the week.
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Post by goGopherBill on May 7, 2009 18:49:52 GMT -5
Blame Bush for the economy rebound.
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Post by Mocha on May 7, 2009 19:47:05 GMT -5
On a related matter, the bank stress tests results are out today and I saw this on the Yahoo News site. Despite being a caption for a photo of a Capital One sign, they still misspelled the bank's name. ;D
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