Another four hundred points today. I thought this bill was going to stop the bleeding?
Quote:
NEW YORK (CNNMoney.com) -- Stocks slumped Tuesday, with the Dow falling as much as 404 points, as the Fed's plan to loosen credit markets failed to counter investor pessimism about the government's ability to rescue the markets.
Ben Bernanke's dour economic outlook in an early afternoon speech added to the day's weakness. And a report showed consumer borrowing in August fell for the first time since January 1998.
With 30 minutes left in the session, the Dow Jones industrial average (INDU) had lost 368 points or 3.7%. The blue-chip average ended below 10,000 Monday for the first time in almost 4 years.
The Standard & Poor's 500 (SPX) index fell 4.1% and the Nasdaq composite (COMP) lost 4.2%. Both ended at multi-year lows Monday.
__________________ "Of the four wars in my lifetime, none came about because the United States was too strong."
President Ronald Reagan
“Equality, rightly understood as our founding fathers understood it, leads to liberty and to the emancipation of creative differences; wrongly understood, as it has been so tragically in our time, it leads first to conformity and then to despotism”
Another four hundred points today. I thought this bill was going to stop the bleeding?
I think it was to just slow it down enough for big money to save themselves.
__________________ "Some men eventually stumble over the truth but they usually pick themselves up and walk on as if nothing ever happened."
-Winston Churchill
"But though there is no difference in this respect between the best demagogue and the worst, both of them having to present their cases equally in terms of melodrama, there is all the difference in the world between the statesman who is humbugging the people into allowing him to do the will of God, in whatever disguise it may come to him, and one who is humbugging them into furthering his personal ambition and the commercial interests of the plutocrats who own the newspapers and support him on reciprocal terms."
-George Bernard Shaw
I think it was to just slow it down enough for big money to save themselves.
Correction 500 points. I will vote for the first Presidential Candidate that says this bill was a mistake.
__________________ "Of the four wars in my lifetime, none came about because the United States was too strong."
President Ronald Reagan
“Equality, rightly understood as our founding fathers understood it, leads to liberty and to the emancipation of creative differences; wrongly understood, as it has been so tragically in our time, it leads first to conformity and then to despotism”
At any rate, lowering interest rates is once again just adding to the problem. Bernanke is an idiot.
__________________ "Power always thinks it has a great soul and vast views beyond the comprehension of the weak, and that it is doing God's service when it is violating all his laws." - John Adams
"In questions of power, then, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution." - Thomas Jefferson
"If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy." - James Madison
At any rate, lowering interest rates is once again just adding to the problem. Bernanke is an idiot.
Let me rephrase. I'll vote for the first viable candidate that admits this bill was a mistake.
__________________ "Of the four wars in my lifetime, none came about because the United States was too strong."
President Ronald Reagan
“Equality, rightly understood as our founding fathers understood it, leads to liberty and to the emancipation of creative differences; wrongly understood, as it has been so tragically in our time, it leads first to conformity and then to despotism”
Let me rephrase. I'll vote for the first viable candidate that admits this bill was a mistake.
__________________ "Power always thinks it has a great soul and vast views beyond the comprehension of the weak, and that it is doing God's service when it is violating all his laws." - John Adams
"In questions of power, then, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution." - Thomas Jefferson
"If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy." - James Madison
McCain could've won so many votes if he would've voted against the bailout package. Not doing so has cost him this election.
I agree
__________________ "Of the four wars in my lifetime, none came about because the United States was too strong."
President Ronald Reagan
“Equality, rightly understood as our founding fathers understood it, leads to liberty and to the emancipation of creative differences; wrongly understood, as it has been so tragically in our time, it leads first to conformity and then to despotism”
Actually, I think McCain would have won if he was the same person who ran in 2K... I don't know what they've done with that guy. He never would have picked someone like Palin.
__________________ "Trust none of what you hear And less of what you see" Springsteen
When the Founding Fathers protected our right to free speech, I think that meant we were supposed to use it.
Abu Musab Al-Zarqawi was the world's most unhinged lunatic. He's now dead. So that moves Ann Coulter up to first place - David Letterman
O, when she is angry she is keen and shrewd; / She was a vixen when she went to school, / And though she be but little, she is fierce. — Shakespeare
Actually, I think McCain would have won if he was the same person who ran in 2K... I don't know what they've done with that guy. He never would have picked someone like Palin.
I miss that guy.
__________________ "Of the four wars in my lifetime, none came about because the United States was too strong."
President Ronald Reagan
“Equality, rightly understood as our founding fathers understood it, leads to liberty and to the emancipation of creative differences; wrongly understood, as it has been so tragically in our time, it leads first to conformity and then to despotism”
Bailout is just a patch, a bandaid. You need major surgery in order to close the wound of an economic collapse.
What exactly do you mean by major surgery?
__________________ "Power always thinks it has a great soul and vast views beyond the comprehension of the weak, and that it is doing God's service when it is violating all his laws." - John Adams
"In questions of power, then, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution." - Thomas Jefferson
"If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy." - James Madison
I voted for that McCain back in 2000. I wanted Bush to pick him for VP. I miss him terribly. That was a great man who would've inspired leader I'm not sure what happened to him.
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