Are we about to have another 2008?

Discussion in 'Politics' started by JRK, Jun 10, 2011.

  1. JRK
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    JRK Senior Member

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    The stock market is bleeding
    I day trade Google and Apple. 2 stocks that are 5 star S&P stocks that are bleeding like stuck hogs and are trading 22% below were they were 12 weeks ago
    the job market is bleeding, 800 billion dollars of stimulus and tarp gone

    Are we about to have another 2008 event?

    If so where is our GWB leader at?
    with out tarp, (his 1/2 of tarp), we do not survive 2008

    ARE WE ABOUT TO HAVE ANOTHER 2008?
    ARE WE IN THE GREAT DEPRESSION ALL READY?
     
  2. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Geez we 'd better give another 700 billion plus to the bankers so it doesn't happen! :uhoh3:
     
  3. VaYank5150
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    VaYank5150 Gold Member

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    So, Corporate welfare is a GOOD thing?
     
  4. JRK
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    JRK Senior Member

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    Corporate welfare?
    what are you talking about?
    The monies GWB "loaned out" except AIG all came back

    I am asking a serious question
    are we about to face another financial meltdown?
    the stock market is starting to go south
    the job market is dead
     
  5. VaYank5150
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    VaYank5150 Gold Member

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    So, Bush's loans to AIG=good? Obama's lonas to GM, Chrysler=bad?

    And if we are, so be it. Let the financial industry bathe in their capitalism this time.
     
  6. JRK
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    JRK Senior Member

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    GWB had no choice with AIG
    Obama had no business as well as GWB with Chrylser
    It was GWB intent for GM and Chrysler to go 7, not 11
    but he still went over the line, Obama bought the line
     
  7. westwall
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    westwall USMB Mod Staff Member Gold Supporting Member Supporting Member

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    Sure he did. They should have been allowed to fail and the idiots that placed them in such exposed positions should have been prosecuted for fraud and incompetence. If a company screws up that completely they need to be shutdown so a better one will take their place. In the long run it is better for the economy. Rewarding failure only begets more failure.
     
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  8. JRK
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    JRK Senior Member

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    AIG went
    the US economy went
    he had no choice
    The amount of pain main street felt when AIG failed would never have been un done. This country would not have survived it
    we may not yet if we do not get Obama out of there, or he gets a grasp on reality very soon
    My friend this is what scares me the most. People have no idea in how close we came to a total collapse
    total
    and Obama uses the event to create 2 slush funds
    one is called a stimulus
    the other is the 1/2 of tarp we did not need
     
  9. iamwhatiseem
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    iamwhatiseem Gold Member

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    It is still 2008.
     
  10. JRK
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    JRK Senior Member

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    Not really
    what many do not realize is the trillions of dollars lost to main street in 401Ks and so on wit the stock market
    These cause the monies we have to use in creating wealth more limited
    For example if I can borrow against my 401K twice as much as i could in 2009 to build a new widget, thats what this free market economy is all about
    in 2009 the DJIA was about 6500
    today its 12000

    I do agree we are still in trouble
    but thanks to tarp it has got allot better
     

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