WHY is the DJIA crashing?

[Jarhead]

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

It is the worst drop since Bush was president.

yes...thats one way to say it...

Or...

Its the worst drop since the housing bubble burst.

I thnk mine comes accorss more accurate as it explains the drop...doesnt just randomly point fingers.

 

[JRK]

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.

Wow...the fear mongering sure hit you hard.
No....such was never going to happen.
Yellowstone would have closed down...maybe the Smithsonian.

They do not realize that we have income coming in
we do not live totally on borrowed money, to start with
And yes the items that would have closed down would have went many times over before getting to anything that matters

 

[JRK]

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

It is the worst drop since Bush was president.

Yea
maybe
GWB had not spent trillions of dollars "fixing" it either

 

[Jarhead]

No one is suggesting the wealthy be taxed at 100%. Maybe you said that, but not me. So what's your point?



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.

He'll have to check with Chris Matthews and get back to you.

Why is it that the left continues to point out basic logic but never wants to address the
possible consequences of following such logic.

I mean...

Sure it would be great to make sure all Americans have 3 square meals a day, healthcare and a perfect job.
But it is not necessarily feasible.

 

[uscitizen]

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

It is the worst drop since Bush was president.

Yea
maybe
GWB had not spent trillions of dollars "fixing" it either

No maybe about it. The worst drop since 2008. Who was president then?

only about 4 trillion up to that point.
You forge Bush's tax rebates and such as well?

 

[JRK]

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.

If it were primarily because we were put on negative watch, Treasuries and the dollar would be tanking. The opposite is happening.

When deficits run at 2-400 billion a year
they do not matter
your making a fool of your self with that comment from Cheney

he also if I recall made mention of 2 wars and 9-11 with those deficits

 

[elvis]

It is the worst drop since Bush was president.

Yea
maybe
GWB had not spent trillions of dollars "fixing" it either

No maybe about it. The worst drop since 2008. Who was president then?

but Obama was supposed to rescue us. we all had the audacity of hope and stuff..

 

[Mr Natural]

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

It is the worst drop since Bush was president.

Or 1987 when you-know-who was president.

 

[JRK]

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.

If it were primarily because we were put on negative watch, Treasuries and the dollar would be tanking. The opposite is happening.

Toro did you say the market was crashing because we did not raise taxes?

 

[uscitizen]

Yea
maybe
GWB had not spent trillions of dollars "fixing" it either

No maybe about it. The worst drop since 2008. Who was president then?

but Obama was supposed to rescue us. we all had the audacity of hope and stuff..

Yeah right. Only fools believe what politicians say.

Would have been no different had McCain been elected.

 

[HenryBHough]

John Maynard Keynes is dead.

But not as dead as his theory of economics.

In time decay and insects may allow him to catch up.

 

[iamwhatiseem]

And there you have it...a Democrat Senator is calling for QE3...yeah...that'll do it.

 

[JWBooth]

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

It is the worst drop since Bush was president.

Obummer picked up and ran with shrub's policies, enough for some wags to call this Bush's third term. Honest folks ought to hand both turd potus' equal blame.

 

[MeBelle]

Anyone remember the popular definition of insanity?

Federal Reserve won't save stocks and economy -- The Buzz - Aug. 4, 2011

The Fed can't (and shouldn't) save the day
By Paul R. La Monica @CNNMoney August 4, 2011: 2:26 PM ET

NEW YORK (CNNMoney) -- News flash for harried traders! The Federal Reserve may have two mandates. But placating Wall Street isn't one of them.

Yes, stocks are continuing their, to quote Tom Petty, free fall out into nothing. The Dow was down more than 400 points at one point Thursday afternoon. And yes, the economy seems to be losing steam -- especially the job market.


Still, several experts said that the worst thing the Fed could do is overreact and launch a third round of bond buying.

This so-called quantitative easing, which investors have already dubbed QE3, may do little to help what ails the markets and economy. It might even make things worse.

Market strategists pointed out that the last round of QE2 (Born: November 2010, Died: June 2011) was one factor that helped lift oil and gas prices earlier this year. That's because anytime you essentially print money to buy debt, you are devaluing your currency...

[ame=http://www.youtube.com/watch?v=1lWJXDG2i0A]‪Tom Petty - Free Fallin'‬‏ - YouTube[/ame]


All kidding aside.....this is some scary shit going on!!

 

[hellofromwarsaw]

The Dow is falling because RW fanatics have scared the world with their no compromise Rush/Fox IDIOCY. STFU. tyvm.

 

[JWBooth]

Eat Up With Dumbass - Colloquial phrase appearing in the latter twentieth century United States, particularly in the Southern states. Ex.: "That boy is just eat up with the dumbass". For an example of someone fitting the description see:

The Dow is falling because RW fanatics have scared the world with their no compromise Rush/Fox IDIOCY. STFU. tyvm.

 

[saveliberty]

The market is correcting, not crashing. Fearmongers to the rear please. Leave room for Mr. Obama. Thank you, that is all.

 

[hellofromwarsaw]

Like anyone gives a FUQ what Texas thinks... A confederacy of DUNCES...LOL!

Perry/Bachmann 1812!!

 

[uscitizen]

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

It is the worst drop since Bush was president.

Obummer picked up and ran with shrub's policies, enough for some wags to call this Bush's third term. Honest folks ought to hand both turd potus' equal blame.

and NO ONE has made any changes yet to prevent this from continuing onward.

 

[JWBooth]

It is the worst drop since Bush was president.

Obummer picked up and ran with shrub's policies, enough for some wags to call this Bush's third term. Honest folks ought to hand both turd potus' equal blame.

and NO ONE has made any changes yet to prevent this from continuing onward.

Nope, it isn't in state interest.