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Good to see that 8537 is still gulping the Kool Aid.
So you disagree that this market crash is related to a slew of bad economic news and the end of QE?
What exactly is koolaid-drinking about that explanation, oldstyle?
It's your amazing capacity not to grasp the concept that the "slew of bad economic news" is the direct result of a clueless President and his merry band of Progressives, that gave us a two year Keynesian spend-fest on big government resulting in an economy that is on life support and a debt that is STAGGERING!
Does that explain my problem with your "explanation"?
Why is the market crashing? It is the country's way of saying "Happy Birthday, Barack!"
Its pretty simple. The Republicans refused to allow the revenue increases that are needed to balance the budget, resulting in a negative outlook on U.S. Debt, which is bad for the U.S. economy.
The same sort of thing happened in the 30's. The economy was on the road to recovery (albeit long and slow), the Republicans stuck their noses in it, and the economy crashed again.
Didn't they say it was absolutely positively necessary to increase the debt ceiling in order to prevent this exact outcome?
Why is the market crashing? It is the country's way of saying "Happy Birthday, Barack!"
Its pretty simple. The Republicans refused to allow the revenue increases that are needed to balance the budget, resulting in a negative outlook on U.S. Debt, which is bad for the U.S. economy.
The same sort of thing happened in the 30's. The economy was on the road to recovery (albeit long and slow), the Republicans stuck their noses in it, and the economy crashed again.
The stock market isn't crashing because we didn't raise taxes either.
Why is the market crashing? It is the country's way of saying "Happy Birthday, Barack!"
Its pretty simple. The Republicans refused to allow the revenue increases that are needed to balance the budget, resulting in a negative outlook on U.S. Debt, which is bad for the U.S. economy.
The same sort of thing happened in the 30's. The economy was on the road to recovery (albeit long and slow), the Republicans stuck their noses in it, and the economy crashed again.
The stock market isn't crashing because we didn't raise taxes either.
The markets are plunging for the following reasons.
1. European banking worries.
2. Slowing economy.
fucker!!!we want red meat toro!!!!!
Didn't they say it was absolutely positively necessary to increase the debt ceiling in order to prevent this exact outcome?
You're confused. The outcome of not increasing the debt ceiling would not have been the DOW falling by 4% - it would be you going to your bank and not being able to withdraw your money.
Its pretty simple. The Republicans refused to allow the revenue increases that are needed to balance the budget, resulting in a negative outlook on U.S. Debt, which is bad for the U.S. economy.
The same sort of thing happened in the 30's. The economy was on the road to recovery (albeit long and slow), the Republicans stuck their noses in it, and the economy crashed again.
The stock market isn't crashing because we didn't raise taxes either.
Hacks like him like to scream about taxes, all the while ridiculing Herbert Hoover.
Didn't they say it was absolutely positively necessary to increase the debt ceiling in order to prevent this exact outcome?
You're confused. The outcome of not increasing the debt ceiling would not have been the DOW falling by 4% - it would be you going to your bank and not being able to withdraw your money.
You are so much more convincing when you type in big bold like that.
Its pretty simple. The Republicans refused to allow the revenue increases that are needed to balance the budget, resulting in a negative outlook on U.S. Debt, which is bad for the U.S. economy.
The same sort of thing happened in the 30's. The economy was on the road to recovery (albeit long and slow), the Republicans stuck their noses in it, and the economy crashed again.
The stock market isn't crashing because we didn't raise taxes either.
Right, I'm sure it has absolutely nothing to do with a negative outlook on U.S Debt rating.
The stock market isn't crashing because we didn't raise taxes either.
Hacks like him like to scream about taxes, all the while ridiculing Herbert Hoover.
I can't recall the last time i've even mentioned Hoover you lying twat face.
Didn't they say it was absolutely positively necessary to increase the debt ceiling in order to prevent this exact outcome?
You're confused. The outcome of not increasing the debt ceiling would not have been the DOW falling by 4% - it would be you going to your bank and not being able to withdraw your money.
No one is suggesting the wealthy be taxed at 100%. Maybe you said that, but not me. So what's your point?"The more you tax them the harder their CPAs work to offset those taxes... Ask John F'in Kerry and his wife...
As I said, You could tax "the wealthy" at 100% and it won't make a dent in our country's problems... "
So give up and be a Pub Dupe- hope the greedy rich take pity on you and you can get some scraps. Typical Pub tool...Kiss up, kick down...
No one is suggesting the wealthy be taxed at 100%. Maybe you said that, but not me. So what's your point?"The more you tax them the harder their CPAs work to offset those taxes... Ask John F'in Kerry and his wife...
As I said, You could tax "the wealthy" at 100% and it won't make a dent in our country's problems... "
So give up and be a Pub Dupe- hope the greedy rich take pity on you and you can get some scraps. Typical Pub tool...Kiss up, kick down...
Tax revenue as a pct of GDP is historically very low, there is room to increase revenues by tax increases. I'm sorry factual reality doesn't jive with what your overlords have told you the truth is.
Didn't they say it was absolutely positively necessary to increase the debt ceiling in order to prevent this exact outcome?
You're confused. The outcome of not increasing the debt ceiling would not have been the DOW falling by 4% - it would be you going to your bank and not being able to withdraw your money.
Not true.
It would have meant your money in the bank would have been earning a higher rate of interest.
Your ARM would have skyrocketed
Your HELOC would have skyrocketed
Your credit cards would have skyrocketed
And the markets would have had a major sell off....likely more than 4%....as people would want to liquidate to pay off their debt.
But you would have been able to go to the bank and demand your money without a problem..
Where do people come up with this stuff?
Didn't they say it was absolutely positively necessary to increase the debt ceiling in order to prevent this exact outcome?
You're confused. The outcome of not increasing the debt ceiling would not have been the DOW falling by 4% - it would be you going to your bank and not being able to withdraw your money.
Not true.
It would have meant your money in the bank would have been earning a higher rate of interest.
But you would have been able to go to the bank and demand your money without a problem..
Where do people come up with this stuff?
Wall Street Pummeled: S&P Plunges Into Correction Range - FoxBusiness.com
The liberals on this web site think this stuff is a joke
it was not funny in 2008 and it damn sure is not funny in 2011 after spending trillions in so called fixes
It no longer matters whose information you use
Heritage or CBSs
its a wreck and it is getting worse
He'll have to check with Chris Matthews and get back to you.No one is suggesting the wealthy be taxed at 100%. Maybe you said that, but not me. So what's your point?"The more you tax them the harder their CPAs work to offset those taxes... Ask John F'in Kerry and his wife...
As I said, You could tax "the wealthy" at 100% and it won't make a dent in our country's problems... "
So give up and be a Pub Dupe- hope the greedy rich take pity on you and you can get some scraps. Typical Pub tool...Kiss up, kick down...
Tax revenue as a pct of GDP is historically very low, there is room to increase revenues by tax increases. I'm sorry factual reality doesn't jive with what your overlords have told you the truth is.
No one is denying such logic.
The debate is whether or not this is the right time to increase taxes.
Afterall, we currentlky are at 9.2% unemployment with the liklihood of it being higher later this week.
You're confused. The outcome of not increasing the debt ceiling would not have been the DOW falling by 4% - it would be you going to your bank and not being able to withdraw your money.
Not true.
It would have meant your money in the bank would have been earning a higher rate of interest.
....
But you would have been able to go to the bank and demand your money without a problem..
Where do people come up with this stuff?
Not if it isn't there. Bank deposits are partially backed by U.S. debt, and the FDIC is entirely backed by U.S. Debt. Once the first bank run happens it will trigger others, so unless you're one of the first in line, you can't count on your deposit vaporizing as depositors withdraw credit by the trillions.
