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ed rhodes Inner circle Rhode Island 2885 Posts |
Quote:
On 2011-08-05 17:13, Dannydoyle wrote: I don't see the problem, he's just making a comparison. The DOW has made a terrible drop, and yet it's still not as bad as what happened under W.
"...and if you're too afraid of goin' astray, you won't go anywhere." - Granny Weatherwax
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MAKMagic Special user I got banned for one of my 555 Posts |
Quote:
On 2011-08-06 23:52, ed rhodes wrote: Hrmm, trying to find the sense in this statement. You must have been making a hyperbole:)
.:Michael Kelley
On the Level, By the Square |
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LobowolfXXX Inner circle La Famiglia 1196 Posts |
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On 2011-08-07 05:37, ed rhodes wrote: Anyone remember a little thing called the tech bubble? Stocks of companies with no earnings selling for hundreds of dollars per share? Part "what happened under W" is the market simply realized that P/E ratios that were triple their historic value were reckless and unsustainable.
"Torture doesn't work" lol
Guess they forgot to tell Bill Buckley. "...as we reason and love, we are able to hope. And hope enables us to resist those things that would enslave us." |
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R.S. Regular user CT one day I'll have 184 Posts |
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On 2011-08-07 00:40, LobowolfXXX wrote: You have obviously never listened to Rush Limbaugh, who fully intends to insult and mischaracterize BOTH Obama AND his supporters. And I'm willing to bet that Rush alone (never mind Laura Ingraham, Sean Hannity and others at FOX News) uses the term "messiah" MUCH more than anyone else in radio or TV uses "tea-bagger." Ron
"It is error only, and not truth, that shrinks from inquiry." Thomas Paine
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LobowolfXXX Inner circle La Famiglia 1196 Posts |
I have listened to Rush, but thankfully not in quite a while. That's a new one to me (though I see from Danny's post, above, that it really is directed at Obama sometimes). I've only ever used it to in connection to those of his supporters who it seems to me would have been quite at home at Jonestown.
"Torture doesn't work" lol
Guess they forgot to tell Bill Buckley. "...as we reason and love, we are able to hope. And hope enables us to resist those things that would enslave us." |
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R.S. Regular user CT one day I'll have 184 Posts |
Quote:
On 2011-08-07 02:42, Dannydoyle wrote: The original post was about the performance of the DOW (with a subtle, indirect jab at the current administration). You have not demonstrated how the current messiah has made things any worse for the DOW than they were under the previous messiah - you know, the one who thought so highly of himself that in an overly theatrical display of bravado, he made an arrested landing on the deck of an aircraft carrier with a Mission Accomplished banner behind him back in 2003? I agree wholeheartedly with your second paragraph. Ron
"It is error only, and not truth, that shrinks from inquiry." Thomas Paine
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gdw Inner circle 4884 Posts |
Quote:
On 2011-08-06 23:52, ed rhodes wrote: Sounds a lot more like the attitude of statists than mine.
"You may say I'm a dreamer, but I'm not the only one."
I won't forget you Robert. |
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ed rhodes Inner circle Rhode Island 2885 Posts |
Quote:
On 2011-08-07 09:07, MAKMagic wrote: Yeah, didn't think you would see the point. Quote:
Make people earn their living and those who can't rely on their family, friends, neighbors, churches and charity organizations. And when the above groups/services are strained to the max and can't handle any more?
"...and if you're too afraid of goin' astray, you won't go anywhere." - Granny Weatherwax
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Jamie Ferguson Inner circle Alba Gu Brà th 3640 Posts |
The market was overextended having made substantial moves up over the course of the last year. It was bound to correct at some point. This is perfectly normal. Stops are probably closer then normal due to choppy market conditions causing the accelerated drop. Look back at historical data, there is nothing unusual here.
When the chips are down, the duvet is uncomfortable.
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Dannydoyle Eternal Order 21219 Posts |
Quote:
On 2011-08-07 10:21, R.S. wrote: We are all wanting to forget for convienence the negative impact of 9/11 on the markets. The tech bubble and so forth and even the fact that at the end of the Clinton administration we were heading into a recession. Oh but forget all that. We just want to look at the microcasam of how bad it was at the END the last year or so of his administration right? This is a much easier number to bash him for yea I admit, but is that how you would look at your messiah? I doubt it. All I ask is that you use that keenly developed sense of critical thought and apply it to the great one. Have not demonstrated anything about how it has been made worse? Lets start with unemployment which he promised would not go over 8% if we gave him his money laundering money for stimulous. ALMOST ALL of it went right to government workers. Where has the private sectar growth come from? Ummm there is little. A recession corrects itself in about 8-16 months. Heck if you do NOTHING this happens. We have hit a wall and his policy decisions are the reason. Don't give me the "oh it was so bad and it would have been worse" nonsense. It is just that, nonsense. The man is a weak leader, and is in WAY over his head. He over reached and the people see it. Hopefully they are angry enough to simply throw out everyone. That is my dream.
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
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gdw Inner circle 4884 Posts |
Quote:
On 2011-08-07 11:46, ed rhodes wrote: "And when the above groups/services are strained to the max and can't handle any more?" And what happens when the government is strained to the max and can't handle any more?
"You may say I'm a dreamer, but I'm not the only one."
I won't forget you Robert. |
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MAKMagic Special user I got banned for one of my 555 Posts |
Quote:
On 2011-08-07 11:46, ed rhodes wrote: Ed - this will obviously be a back and forth with no end, but if you wish.... As it stands now - people are now reliant on the system. They take advantage of the system. It's easy. If they didn't control the populace with this dependence and people HAD to rely we'd be in a different place. Not nearly so many would live in luxury in the section 8 housing with their cell phones, great cable package and huge TV. They'd be forced to live within their means because they wouldn't have such an easy escape. We wouldn't have these morons in office who promise to take charge of the people's lives in the guise of "assistance" when it's really dependence they are after, because the government wouldn't have that level of control of it's people. They'd have to be accountable for themselves. What an interesting concept. At the end of the day...yes - people need help. People need charity. People need a hand up. But it shouldn't be a forced responsibility on others with the government middleman skimming off the top.
.:Michael Kelley
On the Level, By the Square |
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gdw Inner circle 4884 Posts |
"At the end of the day...yes - people need help. People need charity. People need a hand up. But it shouldn't be a forced responsibility on others with the government middleman skimming off the top."
Exactly, though I'd say it's far more than "skimming." What percentage of every dollar that goes into a govt "assistance" program actually goes to help people? Compare that to most private charities. Speaking of such programs, how about the free cell phone ones now? I recalled hearing about a cell company that wanted to start a similar program on their own, without govt subsidies, but they were pushed through a series of regulations that made it impossible for them to do it. So, the govt get's to be the only one's funding such things, creating, as MAK said, dependence, over assistance. That's not to say these things can't, and don't help, but they propagate more dependence on the govt, and the idea that ONLY the government can help with things like this.
"You may say I'm a dreamer, but I'm not the only one."
I won't forget you Robert. |
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Close.Up.Dave Inner circle Behind you! 2956 Posts |
Quote:
On 2011-08-07 12:40, Dannydoyle wrote: I feel like the first and last part of your post contradict each other. The man is a weak leader because of his inability to get at the sources of our financial woes. However, doing nothing and allowing the recession to "correct itself" doesn't get at the heart of the problem either. I highly doubt that a couple of years allows a recession to correct itself because this recession wasn't caused just by how the government has chosen to run things. It is the way each and every citizen has chosen to live their lives, both ethically and financially, that have caused this recession. Its easy for citizens to blame Bush and Obama (which BOTH are still to blame), but it is much harder for a politician to come out and tell the country that it is their fault that this problem happened. A lot of people tend to forget that Wall St and Main St are found in the same country. So not only are we as citizens not spending our money wisely, but we also don't know how to elect officials who know how to. Think of it this way; Bush maxed out his credit card on stupid things like wars and tax cuts. Obama took over the account and has no clue how to fix it, so he keeps borrowing money so the lenders don't go after him. He also won't get rid of the things causing the debt because he doesn't know how to handle them either. Both presidents have caused different problems, and I think its only right to address them as such. |
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LobowolfXXX Inner circle La Famiglia 1196 Posts |
Quote:
On 2011-08-07 14:33, Close.Up.Dave wrote: Again, the bizarre notion of tax cuts being something that one "buys" shows up.
"Torture doesn't work" lol
Guess they forgot to tell Bill Buckley. "...as we reason and love, we are able to hope. And hope enables us to resist those things that would enslave us." |
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Close.Up.Dave Inner circle Behind you! 2956 Posts |
What I feel is that at this point tax cuts are a major thing that detracts the country from solving the budget crisis.
A lot of people tend to see low taxes as a strategy for growth. I think low taxes are the result of a well balanced economy and should not exist unless the country has a sound economy. Otherwise it just adds to the debt and any growth is just an illusion. This country has a bottom line too, we as a nation need to make a profit. And If we don't all we are is a guy with a maxxed out credit card and a very expensive stereo. |
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Dannydoyle Eternal Order 21219 Posts |
Yea I love the way that somehow a tax cut LETTING PEOPLE KEEP THEIR OWN MONEY, is somehow something you must pay for. PAY for the privelage of keeping your own money. Bizzar that people believe this crap. Oh and somehow tax hikes are "revenues" or whatever the heck.
Lets use real words to describe things, not puff words that make it easier for the world at large to swallow bs ok?
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
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Close.Up.Dave Inner circle Behind you! 2956 Posts |
Trust me I'm not trying to sell you any bs. I think what you need to understand is that yes, the money is theirs. But. It is money earned in a borrowed economy. Our economy is an illusion of wealth. Swallow the facts. Our country earns less than it spends. We borrow by the trillions because we have nothing left. I support tax increases because our country needs to up its income because all of our means of making money were shipped over seas by the people getting the tax breaks.
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MAKMagic Special user I got banned for one of my 555 Posts |
Quote:
On 2011-08-07 17:44, Close.Up.Dave wrote: Dave - you just said it. The problem isn't we aren't paying enough taxes, the problem is we are SPENDING to much. We MUST CUT, CUT and CUT more spending until we don't HAVE a deficit.
.:Michael Kelley
On the Level, By the Square |
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Close.Up.Dave Inner circle Behind you! 2956 Posts |
There is a lot to be cut I know.
But let me ask you this: When you run out of money, what do you do? Stop spending? Well you can't get gas to get to work witout spending money on it. So you still need an income. Our problem is that even our income is funded by foreign debt. We need to stop spending AND find a way for our country to make money again. In the short term, we could at least cut the tax breaks to those who ruined our income to begin with. They're not creating American jobs, they are destroying them. |
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