A Complete Waste of Space

Dawg wrote:

callmeslick wrote:
....are you capable of reading the part where I said that Presidents and Congresses don't do much to
affect economic trends?

Wow.
I'm speechless.
mind if I share that?

go right ahead......do you really understand what I mean, though?

callmeslick wrote:

Dawg wrote:

callmeslick wrote:
....are you capable of reading the part where I said that Presidents and Congresses don't do much to
affect economic trends?

Wow.
I'm speechless.
mind if I share that?

go right ahead......do you really understand what I mean, though?

Painfully so, I'm curious if you actually understood what you wrote. Its fairly preposterous.

So Slick, explain to me how people are soooooo happy with Obama that they're voting that they're unhappy. Does it have something to do with hanging chads?

Dawg wrote:Painfully so, I'm curious if you actually understood what you wrote. Its fairly preposterous.

well, if you find it so, it must be..... Actually, I very clearly meant it when I implied that your elected officials merely tinker around the edges and react to crises. The trends that bring us booms and create the crises are under the control of folks outside government. Generally, your elected officials just do as they are told. It's a job that pays well......


Oh, and speaking of trends......strap in, we might be onto the post-10,000 Dow bubb, er, bull market now. The first time through the barrier it came back and tested support, but irrational exuberance rules now, I think.
Just in time to sell a few equities, pay for a nice Christmas, and ease back into safe investments.

callmeslick wrote: Oh, and speaking of trends......strap in, we might be onto the post-10,000 Dow bubb, er, bull market now. The first time through the barrier it came back and tested support, but irrational exuberance rules now, I think.
Just in time to sell a few equities, pay for a nice Christmas, and ease back into safe investments.

If the market is Bull how come people still aren't spending? Christmas spending this year looks to be as bad as last year.

ruggbutt wrote:

callmeslick wrote: Oh, and speaking of trends......strap in, we might be onto the post-10,000 Dow bubb, er, bull market now. The first time through the barrier it came back and tested support, but irrational exuberance rules now, I think.
Just in time to sell a few equities, pay for a nice Christmas, and ease back into safe investments.

If the market is Bull how come people still aren't spending? Christmas spending this year looks to be as bad as last year.

maybe because they dont have any jobs to earn the money to spend

with the Actual unemployement rate at 20% not the BS doctored 10% that President Obama promised wouldnt go over 8% once the TARP money was in play, it's hard for people to have a christmas. I know I wont, I've cut everything from my budget, my pay is down $1200 a month, I have cut my Cable TV off, I'm now using the digital rabbit ears. I've stopped my news paper. cut off my phone. less my contracted cell phone. cancled my life insurance policy. I dont go out to eat any more. the ONLY thing I've keept on my budget is my internet, and thats MOSTLY because my kids still use it for school. other wise that would be gone too. I havent been to a movie in 10 months, and if things continue I'll loose my house. yea our President has done a remarkable job

Just because a few are getting rich in the stock market it doesn't mean that the economy is getting better. The speculation on non-tangible things that are being "bet" with in the stock exchange is something that wasn't a factor 20 years ago. The "health" of the stock market isn't necessarily an indicator of how well the economy is doing. Only when the stock market is high and appears healthy are people willing to spend money, which helps boost the economy. Trouble is there isn't a lot of extra money for people to spend. And it's been devalued with Obama's brilliant idea to give banks the money.

If the gubmint had told the banks to re-fi people at a reasonable interest rate and then backed the loan the economy would have been much better off. And the banks wouldn't have millions of dollars to give their corporate officers as bonuses. We had this problem once in the 80's and when the gubmint was forced to step in they audited the Savings and Loans. The ones that acted irresponsibly were allowed to go under. The ones that were viable were helped along by the government until things were straightened out.

And it worked. History has proved that. Just as history will prove that Obama has fucked this country over in his first year of office more than GW Bush did in his 8. 10% unemployment (a 26 year high) and tripling national debt in 9 months to "save" employment. What's next, a bullet to the head to cure the headache?

ruggbutt wrote:Just because a few are getting rich in the stock market it doesn't mean that the economy is getting better. The speculation on non-tangible things that are being "bet" with in the stock exchange is something that wasn't a factor 20 years ago. The "health" of the stock market isn't necessarily an indicator of how well the economy is doing. Only when the stock market is high and appears healthy are people willing to spend money, which helps boost the economy. Trouble is there isn't a lot of extra money for people to spend. And it's been devalued with Obama's brilliant idea to give banks the money.

If the gubmint had told the banks to re-fi people at a reasonable interest rate and then backed the loan the economy would have been much better off. And the banks wouldn't have millions of dollars to give their corporate officers as bonuses. We had this problem once in the 80's and when the gubmint was forced to step in they audited the Savings and Loans. The ones that acted irresponsibly were allowed to go under. The ones that were viable were helped along by the government until things were straightened out.

And it worked. History has proved that. Just as history will prove that Obama has fucked this country over in his first year of office more than GW Bush did in his 8. 10% unemployment (a 26 year high) and tripling national debt in 9 months to "save" employment. What's next, a bullet to the head to cure the headache?

The first part of the above made sense, then the second paragraph read like someone chawin baccy and takin a dump, in a cornfield full of bugs and stuff.

By the third part, I was a hearin' banjo music and a dancin in mai baer pheet !

Keep up the good work Ruggie, lets prove that white folks with edumakation, can still be dumb as shit

By the way, see my avatar on the left, that guy is half mex/muslim and he still dont give a fuck

ruggbutt wrote:If the market is Bull how come people still aren't spending? Christmas spending this year looks to be as bad as last year.

first, Ruggie, the equities markets always rebound WAY before employment, and if folks are still unemployed and underemployed to the tune of 17%, all spending will be restrained. I.E: Cuda gets it.
second, note the way I presented my view that it is a bull market. Some lessons never seem to get learned.