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Updated 2/16/2011
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(Lake Placid Specific)
1 messages
Updated 2/16/2011
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| Name: |
water_watcher
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| Subject: |
Can someone give me just one
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Date:
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2/27/2009 12:17:49 PM
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good thing Obama has done since taking office that has had a positive impact on our economy, safety, national security or credibility of our nation.
The stock market only has gone down, passes a wasteful spending bill that will do nothing to stimulate the economy, names tax cheats that have to resign except the goof ball running the treasury. Announces closure of Gitmo, announces date we will be out of iraq (great to give the enemy plenty of notice so they can start planning). He announces a tax increase during a recession. Way to go - the ones that can spend and create jobs, lets take more from them so they can't. 64% of those that make $250m (although it is a family amount and not individual earnings which makes it worse) are small business owners that create the jobs in america. What is wrong with this man.
This is far worse than I ever thought it will be.
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| Name: |
Puntune
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| Subject: |
Can someone give me just one
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Date:
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2/27/2009 1:09:48 PM
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It's what democrates do Spend and Tax
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| Name: |
MartiniMan
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Nope, not one!
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Date:
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2/27/2009 2:49:22 PM
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| Name: |
Mack
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| Subject: |
And the Market...
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Date:
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2/27/2009 6:15:23 PM
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keeps acting like a 1958 Edsel with bad plugs, cough, gasp, slurp, gag, spurt, burp, fall, fall,,,,,, 7000 points in 16 months!!
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| Name: |
cobra
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| Subject: |
And the Market...
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Date:
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2/27/2009 7:10:54 PM
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The market was overpriced and needs correcting. I would think 4000 would be the bottom. I feel for people that have lost money in the stock market. They were warned. The mentality that it will go back up is no going to happen for some time.
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| Name: |
Mack
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| Subject: |
And the Market...
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Date:
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2/27/2009 8:00:22 PM
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Yeah, but a 50% correction?? I don't buy that.
To me, it is a lot more than a correction, but, a loss in Confidence by investors that companies listed on the Markets can grow, or at least tread water.
And the current spend/tax solution to the situation does NOT encourage me to invest again. Just the opposite, it encourages me to pull back, and protect whatever I have left. That does not help the situation.
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| Name: |
cobra
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| Subject: |
And the Market...
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Date:
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2/27/2009 8:16:16 PM
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It is going to be hard to restore confidence in the markets when all the leaks are getting out. I am not sure if Madoff is going to be the only thief when it all said and done.
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| Name: |
cobra
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| Subject: |
And the Market...
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Date:
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2/27/2009 11:06:54 PM
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AIG (AIG) Talking With Government About More Funds, Could Report $60B Loss
That is the way to go. This is a big time loss. The chain reaction continues. Where does it end ??
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| Name: |
water_watcher
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| Subject: |
And the Market...
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Date:
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2/28/2009 9:53:39 AM
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Yes markets correct ... 10% retracement is normal. 20% is considered a bear market in a recession. 50% is because of the view of economic policies of the future. Everything Obama is putting forth offers ZERO hope it will help the economy and then he is raising business and individual taxes which will not get businesses to invest to grow the economy and put people to work. While he thinks higher taxes increase government revenue, it does not. Lower taxes expand the economy and grows revenue.
Which is better ... 30% of $1,000 or 50% of $500. Aside from the obvious math ... the higher revenue also creates more jobs and adds additional revenue.
Obama's policies are anti capitalism and anti growth. His stimulus plan will not grow the economy and higher taxes to pay for it will just make it worse.
And please do not say he is ONLY raising taxes on families that make more than $250,000. That is bad enough, but if you buy electricity, oil, natural gas, etc, etc ... your taxes are going up no matter how much you make. He is raising income taxes above $250 .... but he is raising everyones taxes on energy and much more.
Lastly, if creating 600,000 new government jobs is so great for the economy, lets create 2 million, what the heck, lets create, 5 million or 10 million. No, creating a government job does NOTHING to stimulate the economy. All jobs created in government eventually need to be paid for by the private sector. So the more government jobs created, the more the private sector needs to grow to pay for them or the more they must be taxed.
Less government, means less tax burden for all .... then the stock market would sore. If Obama wanted to really stimulate the economy, he would announce he is cutting 500,000 government jobs and lowering business taxes to incent them to grow. That would reduce government spending while growing tax revenues as the private sector expands.
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| Name: |
cobra
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| Subject: |
And the Market...
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Date:
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3/1/2009 8:35:54 AM
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Buffett says economy in shambles
http://www.reuters.com/article/newsOne/idUSTRE51R0US20090301
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