Dow Jones decline rate mimics Great Depression

[RIROCKHOUND]

Originally Posted by spence

By what standards are you measuring your leadership?
-spene

Party lines and the Dow...

[JohnnyD]

Originally Posted by RIROCKHOUND

Party lines and the Dow...

Bingo! I *know* we'd be having the same exact conversations if McCain had won office. Except we'd also be talking about how he's a terrible speaker and unable to instill any sort of hopeful, "we'll get through it" feelings in anyone.

[striperman36]

Originally Posted by JohnnyD

Bingo! I *know* we'd be having the same exact conversations if McCain had won office. Except we'd also be talking about how he's a terrible speaker and unable to instill any sort of hopeful, "we'll get through it" feelings in anyone.

Unless he had Palin interpret wearing a........

[striperman36]

Originally Posted by RIROCKHOUND

Party lines and the Dow...

And with both measures your'e losing.

[buckman]

Your not going to like my answer but here goes.

Don't raise taxes on the people and small companies that you need to succeed in order for a recovery to take place. Cut taxes. The Feds. don't need the money. Give it back to the people that will create jobs. At least don't take more. Why do you buy into the fact that the need to tax the rich? Don't give me the " that's what got us here, BS" it's what got us out of the last recession in the 80's. You can't nationalize America and "hope" things get better. You guy's pushed for "change". I'm asking you what change will he bring that will make America better. You don't effin know. You guessed!

I'm pissed at both Dems and Repubs. I want every incumbant to lose there job next election. I don't care if you replace a Republican with a Democrat. That's the change I want. They all suck. SEND A MESSAGE YOU SHEEP!

People alot smarter then you and I know it won't work. That's why the Dow is crashing beyond levels anyone predicted.

We can not deficit spend our way out of this. That's the bottom line.

You like to say I have no answers and I keep saying doing nothing would have been better. Show me different.

[striperman36]

Originally Posted by buckman

Your not going to like my answer but here goes.

Don't raise taxes on the people and small companies that you need to succeed in order for a recovery to take place. Cut taxes. The Feds. don't need the money. Give it back to the people that will create jobs. At least don't take more.

This part I do agree with particularly when you add that sole proprietorship's normally file as individual taxpayers not corp. or LLC.

The rest is ranting, no one, anywhere has an answer to our current situation. IMO, letting Lehman fail was the WORST thing Paulson could have done.
Letting GM, FORD, Chrysler fail is the worst thing this country can do.

AIG our 80pct government owned insurer, posted a 99 billion dollar loss for 2008 after get 85 billion? That's sounds like taking advantage of a crisis. Let the IRS auditors go over that.

I just don't buy sitting by and doing nothing. However, every century of this old USofA's existence there has been multiple failures, crisis that have jarred the financial system. In most cases, the federal government intervened to try and right the system. Sometimes it worked, other times nothing worked.
What doesn't work is haranguing the fact that the federal government is doing something. However, we live in one of the most free speech societies in the world, which allows us all to sit around and wag one way or the other regardless.

[Bronko]

Barry will fix it. He promised.