Why isn't the simulas having an effect?

[buckman]

So in the end every product moved by freight cost us all more.
Simple plan here; eliminate the tax and it will lower goods for everyone.

[striperman36]

I'm with that one.

So we have reduce taxes for sole proprietorship's handled as individual income

Reduce the diesel road tax to reduce cost of goods shipped.

[buckman]

Originally Posted by striperman36

I'm with that one.

So we have reduce taxes for sole proprietorship's handled as individual income

Reduce the diesel road tax to reduce cost of goods shipped.

They will never go for it. Makes to much sense and goes against their motto, "government good, capitalism bad "

[striperman36]

Uhoh

http://online.wsj.com/article/SB1236...le_wsj_gadgv1&

I can see the posts now

[striperman36]

At the moment, the charts seem ready and willing to deliver another leg on the downside. This can be best seen on weekly charts, in which the "hump" formed between November and here serves as an umbrella, and the market is dripping off the right side. In terms of the SP-500, this down leg could easily fall to around 600, although 450 is certainly not out of the question. A reasonable target for the Dow is 5800.


Thats gonna hurt

[RIJIMMY]

Originally Posted by striperman36

Uhoh

http://online.wsj.com/article/SB1236...le_wsj_gadgv1&

I can see the posts now

brilliant article.

[RIJIMMY]

another whacko that thinks Obama is f'ing the whole country.

[buckman]

Don't let the results of his actions, the Dow , or what those crazy right wingers say, be the leading factors in judging what Obama's vision of America will result in. Have a little hope.

Change is a comin and you can't stop it. So bend over and take it like a liberal.

[striperman36]

Originally Posted by buckman

Change is a comin and you can't stop it. So bend over and take it like a liberal.

Or a conservative because we're all going to take it up the you know what.

[buckman]

I just think Obamas plan that he is force feeding ( with the politics of fear) down the throats af the American people is not helping. I get the feeling that he thinks he knows better then everyone what America should be like and we should just sit back and let him handle it. Worse, we should suck it up and take one for the team because he's right. I fear the direction this country is heading.
No one should be complacent and just assume they know what they are doing.
Every indicater proves otherwise.

Amazing to me how we are supposed to give him the benfit of the doubt. Isn't that what we did in regards to Iraq and Bush.

[RIJIMMY]

You're right -
The majority leader dismissed a reporter's question on whether the $410 billion spending bill for the rest of this year is becoming an "embarrassment" to Obama, and reiterated Obama's argument that the package is "last year's business."

Durrrr, as a mindless drone, makes sense to me durrrrrrrrrrrrrrrr

[striperman36]

Originally Posted by RIJIMMY

You're right -
The majority leader dismissed a reporter's question on whether the $410 billion spending bill for the rest of this year is becoming an "embarrassment" to Obama, and reiterated Obama's argument that the package is "last year's business."

Durrrr, as a mindless drone, makes sense to me durrrrrrrrrrrrrrrr

NO THAT IS WASHINGTON AS USUAL, NO CHANGE

[PaulS]

So what did he say today that caused the market to go up? and if it goes down this afternoon, is it b/c he said something during the morning? And the market movement has nothing to do w/the unemployement report coming out (for example)? Isn't the movement of the market a combination of x000s of things including whether you and I buy stock this afternoon.

I like that the earmarks are much less than past admins. but they need to be eliminated. An aquarium in KY is a good thing and promotes employment and tourism, etc. but I shouldn't have to pay for it.

[buckman]

Originally Posted by PaulS

So what did he say today that caused the market to go up? and if it goes down this afternoon, is it b/c he said something during the morning? And the market movement has nothing to do w/the unemployement report coming out (for example)? Isn't the movement of the market a combination of x000s of things including whether you and I buy stock this afternoon.

I like that the earmarks are much less than past admins. but they need to be eliminated. An aquarium in KY is a good thing and promotes employment and tourism, etc. but I shouldn't have to pay for it.

It's not what he say's, it's the moves that he and Pelosi have made, they are not helping the recovery, they are hurting it. I don't blame Obama for the depression we are in. I do blame him for pushing a socialist agenda at a time when we can least afford it.

He said NO earmarks. He's a lier

[Fishpart]

Total estimated earnings for 2009 for every worker in US $8 trillion

Estimated Fed budget 3.6 Trillion or 45% of TOTAL EARNINGS no wonder the Porkulus isn't working.......... Once we pay State and Local taxes there won't be enough left to buy groceries.....

[JohnnyD]

Originally Posted by buckman

It's not what he say's, it's the moves that he and Pelosi have made, they are not helping the recovery, they are hurting it. I don't blame Obama for the depression we are in. I do blame him for pushing a socialist agenda at a time when we can least afford it.

He said NO earmarks. He's a lier

If you're talking about the budget, good luck getting Congress to pass anything without earmarks. Both sides of the aisle refuse to pass anything unless they get something out of it. Obama has pleaded with Congress to minimize the earmarks.

Then you get comments like this: "House Majority Leader Steny Hoyer declared Tuesday that Congress, not President Obama, will decide whether to put more limits on earmarks in upcoming spending bills." -CNN

[justplugit]

Originally Posted by JohnnyD

If you're talking about the budget, good luck getting Congress to pass anything without earmarks. Both sides of the aisle refuse to pass anything unless they get something out of it. Obama has pleaded with Congress to minimize the earmarks.

Then you get comments like this: "House Majority Leader Steny Hoyer declared Tuesday that Congress, not President Obama, will decide whether to put more limits on earmarks in upcoming spending bills." -CNN

Well then, now will be the time to use the promised line item veto.

[JohnnyD]

I mentioned this in another post. The Market's daily movement is a horrible gauge when judging anything. Daily moves are so emotionally driven, it's pathetic. Things like GDP, Consumer Spending and the such are better markers, just that we don't get to the second updates on those everyday.

People are making tons of money on the market right now. The issue is that conventional wisdom of buy and hold is not beneficial at the moment. People are shorting stocks and buy/selling in the same day or within 2 days. I think the Market is horribly undervalued. GE under $10, Intel under $15, J&J under $50.

Like I said in my other post, I have a lot of time until retirement. The market is already undervalued and I hope people continue to be emotional about it and allow the market to dip below 6000. My accountant gave me a hard time for not investing in an IRA 2 years ago and I told her back then that there was no way in hell I was investing in that market. The warning signs of the current market have been available for some time now, people losing their shirts just weren't paying attention or researching the right areas.

[RIJIMMY]

Originally Posted by JohnnyD

I mentioned this in another post. The Market's daily movement is a horrible gauge when judging anything. Daily moves are so emotionally driven, it's pathetic. Things like GDP, Consumer Spending and the such are better markers, just that we don't get to the second updates on those everyday.

People are making tons of money on the market right now. The issue is that conventional wisdom of buy and hold is not beneficial at the moment. People are shorting stocks and buy/selling in the same day or within 2 days. I think the Market is horribly undervalued. GE under $10, Intel under $15, J&J under $50.

Like I said in my other post, I have a lot of time until retirement. The market is already undervalued and I hope people continue to be emotional about it and allow the market to dip below 6000. My accountant gave me a hard time for not investing in an IRA 2 years ago and I told her back then that there was no way in hell I was investing in that market. The warning signs of the current market have been available for some time now, people losing their shirts just weren't paying attention or researching the right areas.

Most peoples savings are tied up in the stock market, retirement is one thing but remember that states and feds hopped on the 529 bandwagon and a lot of kids education money is tied up in the market. Also, many companies budget to the stock market as a benchmark. Stock NAVs drive a lot of revenue for investment products for advisors and investment managers (not the evil people) as a result of market declines, many firms will need to further cut employees in order to meet their budgets. There are many. many. many mutual fund companies that employee hundreds of thousands of people in customre service, IT and other areas. Stock prices also drive the net worth of a company and gives them the equity to borrow. Dont underestimate the impact of the stock market. For many, it is the primary source of savings.

[sokinwet]

A couple of things: Since the federal budget year starts on 10/ 1, the "current" budget is in fact from the last congress. It's interesting to note that many on both sides of the aisle are calling for the admin. to not sign this budget because of earmarks. The problem is that if the budget is rejected and it goes back to congress the fed. government will not have funds available to keep the govenment running unless there is a tempory funding measure passed. While some may say it's a good thing ...realistically it is not. Line item veto seems like a solution but congress still has to be on board.
Secondly, while everyone is wondering why the stimulus pkg. is having no effect, the $$ in fact is just becoming available. In the housing industry, we're just seeing the "grearing up" for mortgage foreclosure relief, etc. There was a good program on the evening news about construction industry hires in anticipation of the release of infrastructure work, etc. While I'm not a big fan of bailouts to mismanaged companies, I do think the stimulus bill will have a positive impact once "shovel ready" projects start .

[RIJIMMY]

Sw - we're wondering why the "promise" of the stimulus bill is not impacting the stock market in a positive way. For example, if a company has a press release that they may have a breakthrough new product, the stock usually goes up quickly. even though there is no product ready for market or no guarantee the product will sell. You would think that the stimulus plan would have a similar impact however I believe investors are viewing this as negative news.

[spence]

Originally Posted by RIJIMMY

Sw - we're wondering why the "promise" of the stimulus bill is not impacting the stock market in a positive way. For example, if a company has a press release that they may have a breakthrough new product, the stock usually goes up quickly. even though there is no product ready for market or no guarantee the product will sell. You would think that the stimulus plan would have a similar impact however I believe investors are viewing this as negative news.

There are a good number of reasons for the stock ups and downs. Things like bad jobs reports, GM's problems or the banking issues are not something Obama can fix with the swipe of a pen, and yet they're having a tremendous impact on Wall Street.

What's pretty funny is that under our last President, leader of the Republican party mind you, the stock market was also tanking.

Many expect the economy and job market to continue to sour, best case showing signs of recovery early next year.

And yet somehow people can attribute this negativity to Obama's radical idiology, not more than a few months after the general public elected him?

This simply doesn't compute.

So the Republicans (or their bots on this site) don't have any suggestions on how to fix things, previous Republican attempts to remedy also fell flat, so instead we'll post daily updated to the Dow Jones in an attempt to...what again?

It's about as mindless as the pacifist Iraq body count tickers online during the early phases of the War.

-spence

[buckman]

And who was is in control of the Congress in 08? And who will sign the Bill?

[sokinwet]

RIJ - I tend to agree with folks that feel the market is not the best indicator due to the volatile nature but I am by no means an expert. A good piece on the tube the other day about how testoserone levels of test subjects rose sharply during market trading..I think the assumption was women make better long term decisions men no so good in long term planning.
Buck - I think the congressional mix was very close and the earmark's are not restricted to one party. I agree; don't sign the budget..go for a quick fix to keep the gov. in business and rework the 09 budget.

[buckman]

Your right sw, the earmarks where 40/60 split. Vote them all out next chance we get.

I was wrong, the stimulas bill has had an effect;
Last Sale 6470.67 Previous Close 6594.44
Change -123.77 Open 6595.16
Change % -1.88% 1-Week Range 7195.46 - 6544.10
Previous Close 6594.44 1-Month Range 8315.07 - 6544.10
Today's Range 6470.03 - 6755.17 52 Week Range 6544.10 - 13136.70
Last Trade Time 3:26 PM EST YTD Change -5992.53

[sokinwet]

http://online.wsj.com/article/SB123612515982323801.html

Brilliant Article. ;-)

[buckman]

I felt like he knew me.

He's honest too"There is much to dislike about President Obama's approach to the financial crisis"

[sokinwet]

I like a guy that can poke fun at himself. Probably a good thing to remember that despite political differences, if we were all thrown together... slamming a few bass... or slamming down a few brews all this political stuff would be behind us. Of course I did just make the final pmt. on my boat slip this AM...so I'm feeling a little conservative $$$!!!

[JohnnyD]

Originally Posted by sokinwet

I like a guy that can poke fun at himself. Probably a good thing to remember that despite political differences, if we were all thrown together... slamming a few bass... or slamming down a few brews all this political stuff would be behind us. Of course I did just make the final pmt. on my boat slip this AM...so I'm feeling a little conservative $$$!!!

This is the part that I like about this forum. I feel that every single person in here, regardless of what we've disagreed about, I could go out and have a couple beers with like none of the conversations took place.

This is the place for disagreements and petty bickering, but outside this forum I respect everyone as a fellow fisherman and peer.

[buckman]

I think you nailed it Spence "Obama's radical idiology"