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Getbig Main Boards => Gossip & Opinions => Topic started by: Coach is Back! on August 04, 2011, 08:30:36 AM

Title: Great Job
Post by: Coach is Back! on August 04, 2011, 08:30:36 AM
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Title: Re: Great Job
Post by: Dr Dutch on August 04, 2011, 08:34:11 AM
 ???
Title: Re: Great Job
Post by: Coach is Back! on August 04, 2011, 08:36:13 AM
???

Just means we're losing money.....daily.
Title: Re: Great Job
Post by: deadz on August 04, 2011, 08:43:53 AM
Just means we've been losing losing money.....for the last few years.
>:(
Title: Re: Great Job
Post by: liberty on August 04, 2011, 08:48:31 AM
Another horror show today...Dow Jones dropping 240 points....FVcking Nightmare

Title: Re: Great Job
Post by: Dr Dutch on August 04, 2011, 08:49:31 AM
A good thing you people got such a great president !
Title: Re: Great Job
Post by: jedibrat on August 04, 2011, 08:53:13 AM
Just means we're losing money.....daily.

What's new?

US credit rating downgraded

Aug 3rd 2011, 9:04 by Buttonwood

THE Western ratings agencies may not have downgraded the US yet but that hasn't stopped Dagong, China's rating agency, from doing the deed. The agency already rated the US as less than AAA. But today, it has pushed the rating down from A+ to A, and placed the rating on negative watch (indicating the potential for a further cut).

The agency, which seems to have some shaky translation software, cites four reasons for the decision on its website. First:

    at this crucial juncture, neither the Democratic Party nor Republican Party has shown any consideration for the general interest in order to argue for their own partisan interest; they had a hard time making the correct choice in a timely manner leaving the world in terror, which highlights the negative role of the US political system on an economic basis. This incident will definitely exert its continuous impact on investors’ confidence in US Treasury bonds, affecting the stability of the US debt income.

Second,

    the fact that the US Congress approves the raising of the debt limit further indicates that the multiple factors affecting the national debt service capability will not change positively in a considerable long term, and that no substantial change will occur to the severe imbalance between the real wealth creation capability and huge national consumption.

Third,

    The pace of the US deficit cut is far lower than that of new debt growth and the fiscal policy of revenues falling short of expenditures will surely keep pushing the US government debt to a higher level. Dagong predicts that the deficit level of the US government will remain moderately high in the future and the size of federal debt will exceed the GDP by the end of 2012.

Finally, Dagong says that

    the US Congress has not come up with a positive resolution on how to address the problem of insufficient driving forces for national economic growth, which indicates that the US government cannot resolve the fundamental influence of low economic growth, high deficit and increasingly higher debt to the debt service capability through increasing real wealth creation, with the declining national solvency irreversible. It is natural that QE3 monetary policy will be enabled for the next step, which will throw the world economy into an overall crisis; the status of US dollar will be essentially shaken in this process.

Of course, there is a certain amount of political posturing and wish fulfilment in these opinions. Nevertheless, China does own a lot of Treasury bonds so its opinion does matter. And other big investors are critical too, notably Bill Gross of Pimco who says that

    even though the US has managed to avert a debt crisis and perhaps a ratings downgrade, there remains a stain on our reputation, a scarlet A for budgetary abuse that will not disappear.
Title: Re: Great Job
Post by: mass243 on August 04, 2011, 08:54:09 AM
Why would markets react any different?

USA situation still remains unclear.... China downgraded US just a while back... who's gonna lend you the money?
Debt limit raised means just possibility to borrow more - not that anybody is willing to lend it. Fed probably prints it out yes but.. :-\
Plus... how are you going to start surviving on your own again, without constantly just living for debt? I've not heard any plans on this  ???

Many Euro-countries are just as catastrophic situation than you are.


Why would markets rally?

Being honest here, you have no clue how to make your country stand on its own again. That's the problem.






Title: Re: Great Job
Post by: BayGBM on August 04, 2011, 08:56:29 AM
Bay no likey!  >:(
Title: Re: Great Job
Post by: Nails on August 04, 2011, 09:12:57 AM
Don't worry about the economy and Unemployment its


MY BIRTHDAY BITCHEZZZZZZZ




(http://www.esquire.com/cm/esquire/images/Be/obama-birthday-080410-lg.jpg)
Title: Re: Great Job
Post by: deadz on August 04, 2011, 09:15:32 AM
^^^^^POS
Title: Re: Great Job
Post by: kcballer on August 04, 2011, 09:24:46 AM
Why are investors in a tizzy on Thursday? Corporate earnings were good and the U.S. Labor Department reported decent weekly initial jobless claims, so you can’t find blame there.

Instead, the selloff seems to be inspired by developments in Europe, where the central bank hit the panic button on Thursday, halting its rate hike campaign and employing a couple of anticrisis measures to prevent the debt crisis from spilling into Italy and Spain.

Those two heavily indebted countries have seen the yields on their government bonds spike in recent days, raising borrowing costs, creating difficulties at some banks and of course instilling concern among investors that the recent bailout of Greece had done little to contain a crisis that has weighed on global markets for well over a year.

On Thursday, the ECB resumed bond purchases of distressed euro-area bonds in an effort to bring yields back down, for the first time in five months. It also announced a plant to lend banks unlimited amounts of money to provide a jolt of liquidity to the market. This decision came a month ahead of a scheduled decision on the policy, underlining the central bank’s haste to do something to soothe rattled markets.

The moves, however, appear to have had the opposite effect, especially with Switzerland and Japan making dramatic moves to lower the value of their respective currencies in response to the latest financial jitters and speculation among some observers that the U.S. Federal Reserve is about to provide another round of stimulus to the faltering U.S. economic recovery.

yep Obama's fault right  ::)
Title: Re: Great Job
Post by: Coach is Back! on August 04, 2011, 09:34:15 AM
All of his fault no, could he have prevented this, yes. Does he want too? No.
Title: Re: Great Job
Post by: dr.chimps on August 04, 2011, 09:52:54 AM
All of his fault no, could he have prevented this, yes. Does he want too? No.
Yeah, that's right. POTUS wants the country to fail. It's a wonder you can contemplate the challenges issued by stairs, paper bags and parking meters. 
Title: Re: Great Job
Post by: kcballer on August 04, 2011, 09:56:42 AM
All of his fault no, could he have prevented this, yes. Does he want too? No.

Oh right because when the market rallies, and it will, it will then be because of something he did right?  I look forward to your post on that day very soon.   

Title: Re: Great Job
Post by: Dr Dutch on August 04, 2011, 09:57:22 AM
Don't worry about the economy and Unemployment its

MY BIRTHDAY BITCHEZZZZZZZ

It's not mentioned on the homepage, but anyway.....
Title: Re: Great Job
Post by: BikiniSlut on August 04, 2011, 10:00:42 AM
I understand G&O will get some off topic threads really not pertaining to bodybuilding.....celebri ties...would you hit it....etc.

But this is ridiculous. And boring.
Title: Re: Great Job
Post by: mass243 on August 04, 2011, 10:01:48 AM
I understand G&O will get some off topic threads really not pertaining to bodybuilding.....celebri ties...would you hit it....etc.

But this is ridiculous. And boring.

STFU

Who gave you right to speak?                Yep, thought that... Get back in kitchen then.

If you were real woman, you would know to stay out of politics.
Title: Re: Great Job
Post by: pluck on August 04, 2011, 10:04:59 AM
Can't blame obama on this shit.

There are too many reasons for this crazy debt...starting with the fucking wars where we need to "liberate" middle easterners and impose our ideology of democracy and liberty!

Fucking news flash!!! Those assholes that live in the sand box don't want to adopt our ways! Let them live like 3rd world fucks and leave them alone...

...let's take their oil first!
Title: Re: Great Job
Post by: Dr Dutch on August 04, 2011, 10:07:14 AM
 :(
Title: Re: Great Job
Post by: mass243 on August 04, 2011, 10:08:18 AM
:(

LOL  ;D

I'm just sick of that gimmick trying to appear as a woman here  >:(
Title: Re: Great Job
Post by: garebear on August 04, 2011, 10:10:57 AM
STFU

Who gave you right to speak?                Yep, thought that... Get back in kitchen then.

If you were real woman, you would know to stay out of politics.
How IS the third grade these days?
Title: Re: Great Job
Post by: mass243 on August 04, 2011, 10:14:51 AM
How IS the third grade these days?

What do you mean?

In school?
They don't teach that at third grade... you barely hear about these facts until political history classes at the uni   ::)
Title: Re: Great Job
Post by: Coach is Back! on August 04, 2011, 10:16:18 AM
Oh right because when the market rallies, and it will, it will then be because of something he did right?  I look forward to your post on that day very soon.   



Rally? Are you kidding? It's made a modest rebound (like it always does when it's down) in the almost 3 years he's been in office. It should be consistently rising but instead it's lost a 1000 in a week. Yes....raise the debt ceiling more, fuck with our credit ratings. Countries are laughing at us.  
Title: Re: Great Job
Post by: dan18 on August 04, 2011, 10:18:57 AM
A good thing you people got such a great president !
not for nothing but he walked into the u.s. debt and the war debt no one could get us outa that no one.The only thing he should have done but didnt was pass a law that all banks had to give all mortgage holders 3% loan mods on there home and stop the foreclosures.
Title: Re: Great Job
Post by: Vince G, CSN MFT on August 04, 2011, 10:32:08 AM
Markets as of RIGHT NOW

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DJIA
    11,663.97
    -232.47
    -1.95%


Nasdaq
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Market has been overinflated for a pretty long time, it was bound to come down.  With the debt ceiling raised adding over 200 billion in debt, it going to give brokers a scare.  

Fact is that all of this debt is due to a number of things such as over 10 years of wars in Iraq and Afganistan, billion dollar ponzi schemes, mortgage lending fraud, and tax cuts for the rich that never panned out to preserve jobs

I never blamed President Bush's plan to give the tax cuts to the rich  because it would have worked very well if they used the money to create and bring back jobs to the United States.  Instead, they kept the money and continued to ship jobs overseas which resulted in a lot of jobs being lost including mine from Alltel in 2007 which now is done by some guy in India.  

Most of the people complaining about losing their houses should have never gotten those houses to begin with.  Someone making 20k a year should have never been able to get a house that cost 300k but they did because of whatever reason.  They should have been turned down to begin with....whether they are black,white, or candy striped.  If they can't afford it, they can't afford it....period.  It would have been better to get rejected than to be straddled with massive debt.  

The world as a whole has a huge spending problem, people are no longer living within their means and are doing whatever to keep up with the Joneses.  Until people get their head out of their asses, then no president Democrat or Republican is going to be able to do anything about it


Title: Re: Great Job
Post by: viking1 on August 04, 2011, 10:32:08 AM


 :D
Title: Re: Great Job
Post by: theheman on August 04, 2011, 10:32:26 AM
DJIA
    11,663.97
    -232.47
    -1.95%


I remember when the Dow hit 14,000 like it was yesterday.
Title: Re: Great Job
Post by: tbombz on August 04, 2011, 10:41:19 AM
Markets as of RIGHT NOW

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    -232.47
    -1.95%


Nasdaq
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S&P 500
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    -28.18
    -2.24%

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posted this yesterday when 333 was complaining about obama. maybe you have a reply.

just for shits and giggles 333386... tell me..  since you think the economy is obama's fault... or at the very least, you obviously think obama has it within his power to have fixed the economy already...  how exactly should he have gone about doing so? what policies could obama have implemented starting in 2009 that could have made our economy better than it is now? 
Title: Re: Great Job
Post by: Neurotoxin on August 04, 2011, 10:46:01 AM
Just means we're losing money.....daily.

not if you're following Dow Crash Thread.  ;)



-NT
Title: Re: Great Job
Post by: Coach is Back! on August 04, 2011, 12:09:34 PM
not if you're following Dow Crash Thread.  ;)



-NT

LOL.....admittedly I got lost in that thread.
Title: Re: Great Job
Post by: Coach is Back! on August 04, 2011, 12:12:30 PM
The Dow plummeted as much as 400 points and was on pace to take its biggest fall of the year after anxiety over the global economic recovery sent traders racing out of stocks and commodities into the safest asset classes.

Today's Markets

As of 2:45 p.m. ET, the Dow Jones Industrial Average fell 332 points, or 2.8%, to 11,564, the S&P 500 tumbled 39.4 points, or 3.1%, to 1,221 and the Nasdaq Composite slid 88 points, or 3.3%, to 2,605. The FOX 50 tumbled 23 points, or 2.6%, to 878. 

Tension on Wall Street was high on Thursday.  Traders piled up into Treasury bonds, seen as one of the safest non-cash assets during tumultuous times.  Indeed, Treasury yields on 10-year Treasury securities dipped below 2.5% -- the lowest since November. Volume on the New York Stock Exchange was nearing a high for 2011, a sign of the breadth of the selloff.

The VIX, sometimes referred to as a gauge of fear, spiked 25%. The broad S&P 500 plunged into the range of a correction in intra-day trade -- a 10% move from a recent high hit three months ago.   Both the Nasdaq & Dow are close to hitting a point of correction as well and have now fallen into the red for the year.

Gold, which as seen considerable buying amid the volatility in the equity markets, actually pared gains and dipped $13.10, or 0.78%, to $1,654 a troy ounce.

While the selling has been veracious on the day, some market participants see the drastic selling as excessive.

"The speed at which people are marking assets down doesn’t match the speed at which the economy has deteriorated," said Daniel Greenhaus, chief global strategist at BTIG. 

Focus Shifts From Politics to Economy

With the debt ceiling raised, focus on Wall Street has shifted to the beleaguered economy. Essentially every economic sector has shown signs of weakness in recent weeks.  Indeed, economic expansion essentially screeched to a halt in the first quarter of this year, the labor market added a paltry 18,000 jobs in June and many manufacturing gauges have shown only slow expansion in that industry.

Data released on Thursday showed the number of individuals applying for first-time unemployment benefits fell to 400,000 from a revised 401,000 in the prior week, slightly better than the 405,000 economists were expecting.  However, claims have remained right around the 400,000-level for weeks, leading economists to question the robustness of the recovery in the labor markets.

"The pace of firings are moderating but are still too elevated at this point of the economic cycle," wrote Peter Boockvar, managing director at Miller Tabak + Co., in a research note.

Other analysts see more improvement in the labor market: "This report and recent trends in claims data suggest that the softness in the labor market may be beginning to subside," analysts at Barclays Capital noted.

Commodities in Free Fall

Energy markets were in free fall amid concerns that demand for energy may wane, coupled with strength in the greenback.

Light, sweet crude plunged $5.18, or 5.6%, to $86.75 a barrel.  Wholesale RBOB gasoline slumped 19 cents, or 6.4%, to $2.78 a gallon.

Energy and materials stocks, like Chevron (CVX: 98.30, -4.46, -4.34%) and Alcoa (AA: 13.41, -0.85, -5.96%), were the biggest drags on the Dow.  While every major sector was down, a strong performance by Kraft Foods (KFT: 34.64, +0.34, +1.01%) helped buoy the non-discretionary consumer sector.

European Central Bank President Jean-Claude Trichet also said he expects the central bank to hold on to an accommodative monetary-policy stance, and sees a slowdown in economic growth. The euro tumbled on Trichet's commentary amid concerns interest rates that are held lower low in the longer-term will negatively affect demand for the currency. Also, the ECB held its benchmark interest rate steady at 1.5%, as was expected. 

The euro fell 1.3% against the U.S. dollar, while the greenback spiked 1.5% against a basket of world currencies.

The Labor Department's monthly employment report -- which is widely considered to be one of the most important gauges of the economy -- is slated for release on Friday.  The unemployment rate is forecast to have held steady at 9.2%, with the economy adding 57,000 jobs.

Market participants are "sitting on pins and needles" with respect to Friday's jobs report, Greenhaus said.

A report released on Wednesday showed the private sector adding 114,000 jobs last month, modestly topping analysts' estimates.

Prices at the pump held steady for another night, although remain elevated as compared to last year.  A gallon of regular costs $3.70 on average nationwide, up from $3.56 last month, and well higher than the $2.74 drivers paid last year, according to the AAA Fuel Gauge Report.

Corporate News

Kraft Foods (KFT: 34.64, +0.34, +1.01%) unveiled plans to spin off its North American grocery unit by the end of 2012.  The Dow-component also posted quarterly profits that topped Wall Streets' expectation.

General Motors (GM: 26.04, -1.12, -4.14%) posted second-quarter earnings of $1.54 a share, dashing past the consensus forecast of $1.20.  The automaker's revenue came in at $39.4 billion, also topping forecasts of $36.7 billion.

Foreign Markets

The English FTSE 100 fell 1.8% to 5,520, the French CAC 40 dipped 1.6% to 3,398 and the German DAX fell 1.1% to 6,566.

In Asia, the Japanese Nikkei 225 gained 0.23% to 9,659 and the Chinese Hang Seng slipped 0.49% to 21,885.

Read more: http://www.foxbusiness.com/markets/2011/08/04/us-stuck-futures-slump-ahead-jobless-claims-data/#ixzz1U5ZrzqB4

http://www.foxbusiness.com/markets/2011/08/04/soaring-dollar-economic-woes-slam-wall-street/


FUCK!
Title: Re: Great Job
Post by: Nails on August 04, 2011, 12:16:00 PM
Title: Re: Great Job
Post by: Coach is Back! on August 04, 2011, 12:41:16 PM
At the time of this posting >:(



Markets

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Nasdaq
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    1,215.56
    -44.78
    -3.55%



 
     
Title: Re: Great Job
Post by: Neurotoxin on August 04, 2011, 01:50:21 PM
LOL.....admittedly I got lost in that thread.

nothing to laugh at Coach. Dow was down 512 points today.

read the thread. 



-NT

Title: Re: Great Job
Post by: The Showstoppa on August 04, 2011, 01:52:43 PM
Funny that when a mouse farted in Des Moines it was ALL Bush's fault, but NOTHING is Odrama's fault...... whatever....  just turds that smell slightly different.
Title: Re: Great Job
Post by: Nails on August 04, 2011, 01:53:10 PM
wonder how much my 401k tanked
Title: Re: Great Job
Post by: Coach is Back! on August 04, 2011, 02:02:07 PM
I saw that NT. I'll go to the thread when I get back to my computer.
Title: Re: Great Job
Post by: Soul Crusher on August 04, 2011, 02:12:36 PM
Yeah, that's right. POTUS wants the country to fail. It's a wonder you can contemplate the challenges issued by stairs, paper bags and parking meters. 

Yes, even his college friend who knows him says his intent is to collapse the nation. 

Title: Re: Great Job
Post by: deadz on August 04, 2011, 02:15:01 PM
Impeach this socialist POS!
Title: Re: Great Job
Post by: dr.chimps on August 04, 2011, 02:17:08 PM
Yes, even his college friend who knows him says his intent is to collapse the nation. 
Cripes. If you believe that, you are beyond moronic. Ultra-moronic.
Title: Re: Great Job
Post by: Soul Crusher on August 04, 2011, 02:18:50 PM
Cripes. If you believe that, you are beyond moronic. Ultra-moronic.

Why?   His pastor of 20 years is a marxist, he hung out with domestic terrorists, sought out the marxist professors in college, had a record to the left of even bernie sanders, etc.

Title: Re: Great Job
Post by: tbombz on August 04, 2011, 02:21:32 PM
still no reply from coach or 333... any obama bashers willing to take a stab at it..  :)

just for shits and giggles 333386... tell me..  since you think the economy is obama's fault... or at the very least, you obviously think obama has it within his power to have fixed the economy already...  how exactly should he have gone about doing so? what policies could obama have implemented starting in 2009 that could have made our economy better than it is now? 
Title: Re: Great Job
Post by: Soul Crusher on August 04, 2011, 02:23:02 PM
still no reply from coach or 333... any obama bashers willing to take a stab at it..  :)


I already did respond in the other thread. 

Title: Re: Great Job
Post by: tbombz on August 04, 2011, 02:38:11 PM
I already did respond in the other thread. 



Are you kidding? 



1.  Don't appoint the same gangsters to your admn who caused the collapse like geithner, summers, bernake, rubin, etc. 
even if his appointees were poor choices, which they werent, that wouldnt have a direct effect on the standing of the economy today. while this might be good avice , which it isnt, it isnt advice that would have changed the state of the markets, unemployment, etc. 
2.  Don't appoint as the head of your jobs summit the main guy outsourcing jobs and paying zero (Immelt) 
again, even if this was a bad appointment, which it wasnt, this doesnt have a measurable effect on the economy.  this advice does not meet the criterion for being able to have improved the economy, even if it is good advice, which it isnt [/b]
3.  Don't pile on bullshit regulations and costs to small business in a weak economy. 
that would be a valid point if it were happening. but thats just a republican talking bout being regurgated, not a reflection of reality.
4.  Don't take up healthcare garbage and make it worse while the economy still sucks 
healthcare isnt related to the economy , unrelated topic, besides the fact that extending coverage to millions of americans is a ery positive thing
5.  Don't devalue the dollar and cause energy and price inflation with money printing scams. 
its called quantitative easing and without it we would be in a worse economic position, not a better one. so far all your advise would only result in a weaker economy
6.  Dont have a cabinet full of political hacks who never held a real job. 
again, false, and unrelated to the economy
7.  Don't pile on regulation after regulaion on business. 
not reality. obama hasnt been doing that. another regurgetated republican talking point
8.  Dont spend TRILLIONS on bullshit programs that are proven failures. 
government spending boosts economic activity. sorry pal, theres one more to your list that would actually lessen economic activity, not improve it.
9.  Don't attack business people 365 days a year.
not happening
10.  Don't create massive tax uncertainty. 
not happening



If you don't understand how Obama's shit show admn has contributed to the collapse of the economy, you probably voted for him in the first place, which makes you a fucking idiot.  Yes, most people who voted for this farce are stupid morons probably unable to tie their shoes in the morning.     



great. you accomplished nothing.    so you have any ideas about actual economic policy, or just more bullshit talking points not based on reality
























coach, willing to take a stab at the problem? since yits so obvious obama's policies are the reason for the situation we are in, tell us what you would change and how it would help the economy
Title: Re: Great Job
Post by: Soul Crusher on August 04, 2011, 03:14:33 PM
Can even one douchebag give me one reason this mini-madoff deserves a second term? 

Title: Re: Great Job
Post by: che on August 04, 2011, 03:17:59 PM
 ::)
Title: Re: Great Job
Post by: G_Thang on August 04, 2011, 03:26:36 PM
Markets as of RIGHT NOW

sponsored by

DJIA
    11,663.97
    -232.47
    -1.95%


Nasdaq
    2,623.37
    -53.03
    -1.98%

S&P 500
    1,232.16
    -28.18
    -2.24%

Search Site

You have heard of a market correction, haven't you, coach?
Title: Re: Great Job
Post by: Soul Crusher on August 04, 2011, 03:35:09 PM
You have heard of a market correction, haven't you, coach?

LMFAO! 

I guess since 2009 we are also having a

UE CORRECTION?

FOOD STAMP CORRECTION?

DEBT/DEFICIT CORRECTION?

BANKRUPTCY CORRECTION? 

Title: Re: Great Job
Post by: Nails on August 04, 2011, 05:18:41 PM
(http://streetknowledge.files.wordpress.com/2008/06/obama-dap.jpg)
Title: Re: Great Job
Post by: bike nut on August 04, 2011, 05:27:47 PM
::)

You need to make your timeline accurate to reflect the selection of the '08 Presidential candidates and then the market nose dive after Obama was elected Nov 4, 2008.

But lemme guess....Obama and his administration's complete incompetence are Bush's fault.

Libtards
Title: Re: Great Job
Post by: jedibrat on August 05, 2011, 05:40:10 AM
coach, willing to take a stab at the problem? since yits so obvious obama's policies are the reason for the situation we are in, tell us what you would change and how it would help the economy

Its simple: raise taxes or cut spending. Obama has been in cloud-cuckoo-land trying to put together wish-list welfare and healthcare schemes that would be an idealistic dream during a period of strong, consistent growth, let alone during a huge economic downturn.

The Republicans have been gifted the perfect patsy to take the blame for wrecking the economy and they're going to drag us all down with him.
Title: Re: Great Job
Post by: ManBearPig... on August 05, 2011, 05:43:50 AM
Its simple: raise taxes or cut spending. Obama has been in cloud-cuckoo-land trying to put together wish-list welfare and healthcare schemes that would be an idealistic dream during a period of strong, consistent growth, let alone during a huge economic downturn.

The Republicans have been gifted the perfect patsy to take the blame for wrecking the economy and they're going to drag us all down with him.

who are you going to raise taxes on ?  we're at 35% for the "corporate jet owners", and 50% of the country doesn't pay any taxes.  so to raise them, we'd "all have to chip in", which would not sit well with Obama's constituency at all.  So his only option is to keep raising taxes on the "wealthy" until he taxes them out of existence.
Title: Re: Great Job
Post by: jedibrat on August 05, 2011, 05:50:23 AM
who are you going to raise taxes on ?  we're at 35% for the "corporate jet owners", and 50% of the country doesn't pay any taxes.  so to raise them, we'd "all have to chip in", which would not sit well with Obama's constituency at all.  So his only option is to keep raising taxes on the "wealthy" until he taxes them out of existence.

I don't disagree.
Title: Re: Great Job
Post by: Arnold jr on August 05, 2011, 06:01:56 AM
Shaking my head in disbelief. It is beyond me how some remain so jaded, so entrenched in their thinking even when it's damaging. It's as if so many Americans are putting their hand on the eye of the stove, it's burning the skin right off but they continue to look at you and say "no, it's not hot, the stove is not even on" Obama and the progressive left being the eye of the stove.

A few comments in this thread...really, some still blame the two wars on the state of the economy? Regardless of whether we should have ever been there or not is beside the point, in the grand scheme of the total economy they don't make that much of a difference.

"Health care has nothing to do with the economy" this one simply shocked me, how can any sane person say that. If money is being spent it has something to do with the economy. Let's say the health care plan is the greatest thing ever created with the best intentions and the best results (for arguments sake let's say that) it's still costing a butt ass load of money and if you can't afford it however good it may be is irrelevant. Let's say a guy drives a 1982 Ford LTD and it's a real beater, he has no job, no savings, not a dime to his name but for $20k he can buy a new car that runs good, looks great and gets great gas mileage. Should he buy the car? Would you give him a loan for the car? BTW, did I mention if you do give him a loan the odds of him being able to pay you back are not in your favor because he already has hundreds of other outstanding debts....by the way of thinking about this health care comment, and it applies to so many other things as well, this guy should get the car, he deserves the car and it's the right thing to do...who cares if he can't afford it.

When you look at it this way does it not seem a little more ridiculous?
Title: Re: Great Job
Post by: gh15 on August 05, 2011, 06:12:04 AM
Markets as of RIGHT NOW

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DJIA
    11,663.97
    -232.47
    -1.95%


Nasdaq
    2,623.37
    -53.03
    -1.98%

S&P 500
    1,232.16
    -28.18
    -2.24%

Search Site

tiger woods generation!,, wil make ya good ...good stuff,,

fucking failures ,,

generation of no ones cant make something out of nothing! i keep saying this,, infact i change my mind now,, obama should go out no matter how many binladen he get,, he is the most worst presidento in americana history ,, THE WORSE ,, worse than bush worse than carter ,, nixon was good so i cant compare ,, but worse than carter!

gh15 approved
Title: Re: Great Job
Post by: Emmortal on August 05, 2011, 06:39:19 AM
Oh right because when the market rallies, and it will, it will then be because of something he did right?  I look forward to your post on that day very soon.   



Except any rally will pale in comparison to the massive shit storm coming ahead.  I won't say I told you so, don't worry.
Title: Re: Great Job
Post by: che on August 05, 2011, 01:44:09 PM
You need to make your timeline accurate to reflect the selection of the '08 Presidential candidates and then the market nose dive after Obama was elected Nov 4, 2008.

But lemme guess....Obama and his administration's complete incompetence are Bush's fault.

Libtards
The market started going down way  before the 2008  elections,fucking retard. 
Title: Re: Great Job
Post by: Soul Crusher on August 05, 2011, 01:49:05 PM
The market started going down way  before the 2008  elections,fucking retard. 

FAIL 

Title: Re: Great Job
Post by: Nails on August 05, 2011, 03:02:54 PM
(http://i54.tinypic.com/xmtx21.png)
Title: Re: Great Job
Post by: bike nut on August 05, 2011, 03:31:11 PM
The market started going down way  before the 2008  elections,fucking retard. 

No, really? You're a real master of the fucking obvious.

Lemme guess - you make less than $20/hr and suckle at the public teet? I figured as much.



Title: Re: Great Job
Post by: heycomedy on August 05, 2011, 03:32:25 PM
shorted market monday

up 10% this week

I rock