Why isn't the simulas having an effect?

[striperman36]

Originally Posted by buckman

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IMO the problem stems from the anticipation of a bill that would benifit the country and passing one that screws the country. I think investors realize that the bill that was passed, will do long term damage to the U.S. economy.

I just believe people believe it will have no effect. I don't think most people think past tomorrow right now. Many of the working are just several paychecks or the lack there of from insolvency.

[buckman]

Originally Posted by striperman36

I just believe people believe it will have no effect. I don't think most people think past tomorrow right now. Many of the working are just several paychecks or the lack there of from insolvency.

Your right, I just feel the promise of a trillion dollars should have given it a bump at least. If this had been a true stimulas bill instead of a blueprint for bigger govornment, maybe it would have had a positive effect. The retired people ( and my 401k) needed something that would have worked.

[JohnnyD]

Originally Posted by buckman

Your right, I just feel the promise of a trillion dollars should have given it a bump at least.

Please stop saying "the promise of a trillion dollars" and trying to making it even more extreme than it is.

[spence]

Originally Posted by JohnnyD

Please stop saying "the promise of a trillion dollars" and trying to making it even more extreme than it is.

Nah, he's having a lot more fun trying to trip it up hoping it's a big failure. I'd be willing to wager he's accused Liberals of doing the exact same thing regarding the war in Iraq.

There hasn't been a rapid response in the markets because there are too many varibles that haven't been isolated. At the time Obama signed the bill into law the big story was about banks and the unknown as to what might happen.

Most economists believe that the recession isn't going to lift until best case end of this year and it could go deep into 2010. If that's the case I think it's a bit unreasonable to expect the Market to sound the all clear simply because Obama used a pen.

Geeze...

-spence

[striperman36]

Originally Posted by spence

Nah, he's having a lot more fun trying to trip it up hoping it's a big failure. I'd be willing to wager he's accused Liberals of doing the exact same thing regarding the war in Iraq.

That would be RIJIMMY