World Markets Plunge on Fears of US Economy

Discussion in 'Economy' started by Paulie, Jan 21, 2008.

  1. Paulie
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    Paulie Platinum Member

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    http://www.cnn.com/2008/BUSINESS/01/21/markets.plunge/index.html


    And the one's that DO spend, are probably going to hit Wal-Mart, K-Mart, and the other discount outlets to buy NON-US products ANYWAY.

    This is the biggest waste of $145 Billion dollars that we don't even have to BEGIN with.

    People, please buy American with this money. You weren't expecting to have it ANYWAY, so at least put it to the best use possible.

    That, or buy some gold and silver to hedge it against inflation. The roughest times look to be indeed still ahead of us.
     
  2. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Did you even read the piece? Global means outside the US. Buy American helps avert a world wide recession how? As for the housing crash that has been coming for YEARS. Speculation with no substance generally leads to an eventual crash. Remember the 1929 stock market collapse? Property is at ignorant prices, homes are as well. All based on made up unsupported inflation of value fueled not just by private speculation but by Local and State Governments inflating values to collect more taxes.
     
  3. Paulie
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    Paulie Platinum Member

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    Always so quick to attack, without thinking the whole post through that you're responding to.

    If you'd have read ANYTHING I've posted the last few days regarding this ridiculous 'stimulus package', you'd know that I don't even support it at all. I only posted THIS, to basically show that even the international community is starting to lose faith in our economy. Expect reserve dumps in the foreseeable future.

    We have caused far too many problems with our monetary policies for a little stimulus package to boost the world's economy.

    But if we absolutely MUST have another $145 billion dollars printed, or borrowed from another nation, let's at least use it for AMERICAN products.

    Get it now RGS? Or is that tunnel you live in infinitely dark and endless?

    Hope you got some gold, dude. Hope you stocked up on non-perishable foods and necessities.
     
  4. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Hope you bought some weapons and ammo. The coming Zombie hordes won't want your canned goods, they prefer brains.
     
  5. Paulie
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    Paulie Platinum Member

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    I guess that was supposed to be funny. I'm thinking humor's never been one of your good qualities in life.

    It's unintentionally funny though, how a person who thinks the spending we've done is good, would tell ME what I should be stocking up on.
     
  6. RetiredGySgt
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    RetiredGySgt Platinum Member

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    There ya go again making assumptions with out a shred of evidence to support them. Now tell us all how I love Bush and worship at his feet.
     
  7. Paulie
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    Paulie Platinum Member

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    RGS, I'm quite sure you don't agree with our runaway spending, considering you're conservative rhetoric on here. I'm not exactly sure where you think the best area to cut is, though. I'd say a lot from EVERYWHERE, right now.

    The EASIEST place to cut, which would be IMMEDIATE, and not require any authorization and hullabaloo from congress, would be defense.

    It's got nothing to do with Bush either, by the way. That man is so irrelevent at this point in my life, that I really don't care who supports him or who doesn't. Luckily, he only has less than a year now to be the poster child for idiocy.

    You cheerlead our military escapades, and that's why I know you think the spending we've done is good. I spend at least 3 days a week out in my community, and others, trying to get people to wake up to the idea that the runaway spending is bankrupting this nation. I'm getting some positive results. I only spend time on HERE, because I'm laid off from work, and I have 2 kids to watch after, and save the enormous child care costs, while my girlfriend holds her steady job and keeps us afloat financially until my work resumes.

    If you aren't out in your community, active in the process of trying to affect change, than I don't want to hear your bullshit bellyaching. You bitching about it isn't changing anything. There's a REASON why this country is of the people, for the people, and by the people.

    Apparently anymore, people think the government will solve our lives for us.

    You deserve what you get if you remain apathetic about it to the point of non-action.

    Just serving in the military doesn't mean you affected any change. All you really did was serve the interests of whatever the status-quo agenda was. You didn't change a single fucking policy through your military service. And now more people will follow in your footsteps, because not enough of us are doing anything about it as average citizens.

    Go watch American Idol.
     
  8. RetiredGySgt
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    Cut the ONE thing the Goverment is REQUIRED to do? Sure thing.

    Defense should be at least 15 to 20 percent of the Budget in my opinion.

    Get rid of Social Security, HUD, Education, Medicare Most of the staff of the Congress, half the employees of the Government.

    We should spend more on Border security, Coast Guard, Military, Interstate highways, infrastructure. We should force States to allow Nuclear power to be used as a National issue. All and every non retirement social program should be CUT from the Federal Budget. Those programs are illegal. We should ensure Government employees do not have life time jobs just because they got hired, require they be competent in the jobs they hold.

    READ the Constitution, the Federal Government has specific powers granted it, we should eliminate every program and agency that does not fall in those powers, and I mean those powers before creative bullshit stretching begins.

    Return to the States the powers that are theirs, return to the people the powers that are theirs. Cut taxes and stop forcing States to fund programs illegally ordered by the Federal Government. Make the States do their jobs, THAT is the Governments that should take care of people.
     
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  9. Toro
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    Toro Diamond Member

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    Its 20% now.

    [​IMG]
     
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  10. Annie
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    Annie Diamond Member

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    http://online.wsj.com/article/SB120096124830205037.html?mod=opinion_main_commentaries

     

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