Dow Tanks on Poor Treasury Auction

[leftwinger]

Biden and Obama are responsible for most of the debt we have on the books.

Try again DragLady.

The Deep State Man Made Flu launch and resulting shutdowns and story telling. Also the self-inflicted housing bubble setup by Deep State congress to make it easier for the muslim got into the WH, Then it all broke loose. $28T from the time of EARS to now.

 

[leftwinger]

BULLSHIT. This is DIRECTLY on the Republican Administrations of Ronald Reagan, George W. Bush and Donald J. Trump - ALL of whom cut taxes to billionaires on the national credit card and then went on military/defense spending sprees that have bankrupted the nation.

All three of these Presidents crashed the US economy, again to the benefit of their billionaire donors, to the extent that 80% of the wealth of the nation is now in the hands of the top 10% of the wealthiest Americans.

This is NOT economically sustainable, but you keep voting for Republicans to crash the economy. Trump is doing it again.

You are confused. All crashes were the Deep state not happy with those Presidents and wanting to tank the country to get their guy installed so they could run up debt on our backs. Just go have another Crown Royal and stay up there.

 

[HikerGuy83]

Chimpola Bush and congressional GOP sellouts threw in mightily...Way more than enough blame to go around.

I think I stated that out of all of them, Bush draws most of my ire.

CBO projections showed we might have been able to zero the debt had that moron not jumped into a couple of stupid wars.

Our congress is moot over the subject.

And our children are screwed.

 

[leftwinger]

Most of my investments are in real estate.

Not everyone wants to be a Landlord renting to todays stain.

Sometimes I read the boards backwards and I hear Janis Joplin screaming out.

 

[HikerGuy83]

How does crashing the economy help with the deficit?

The numbers speak for themselves.

Biden and Obama racked up more debt than Bush.

And spare me the left wing talking point that includes the tax cuts. The numbers are there for every one to see.

I don't want more tax cuts and I want taxes raised on the rich. I also want our government shut down for the most part.

 

[HikerGuy83]

-1.6% is not a big crash considering most were up year to date by now.

It's a crash given where it's been.

But, setting aside terms, it got to almost -800.

 

[HikerGuy83]

Why is this a concern?

That the treasury auction was "lackluster"?

It means people might be starting to get ancey over the governments ability to pay their bills.

We are well OVER 1 TRILLION PER YEAR IN INTEREST NOW.

 

[Lisa558]

Why is this a concern?

Yup. When the DOW was 8,000, a drop of 750 would be concerning. Now it’s a minor swing.

Or, when it dropped 500 points in one day in 1987, when the DOW was 2,400 - now THAT was major.

No worries. It will swing back tomorrow.

 

[leftwinger]

That the treasury auction was "lackluster"?

It means people might be starting to get ancey over the governments ability to pay their bills.

We are well OVER 1 TRILLION PER YEAR IN INTEREST NOW.

Need to make all DOGE findings permanent. They may get to $1T by the end of the year. That will help.
Cut spending, consolidate, layoffs, sell buildings, sell assets, stop contracts....it ain't easy or fun to stop the on-going party times.

 

[leftwinger]

Create a Crisis....Crash the country to get your hand-picked boss installed. Then spend like drunken sailors to pretend to "fix" what the other guys broke.

yawning....just shove it STAIN. you suck. You are the criminals and you support the criminals 100% all day everyday.

 

[Oddball]

Need to make all DOGE findings permanent. They may get to $1T by the end of the year. That will help.
Cut spending, consolidate, layoffs, sell buildings, sell assets, stop contracts....it ain't easy or fun to stop the on-going party times.

Numerous republicans are voting against that.

You're not getting the cuts....DOGE has all been a performances art pro rasslin' ruse.

 

[leftwinger]

Numerous republicans are voting against that.

You're not getting the cuts....DOGE has all been a performances art pro rasslin' ruse.

So USAID corruption continues? DOGE at least stopped $180 billion to date permanently. But that is only 1/3 of their findings. The whole thing is a mess. Complicated by dirty deep state involvment. They want the kickbacks to keep going. They want no focus on past kickbacks of course. SS, Medicare fraud....they just let the leaders resign and run off on big pension.

I hope it somehow turns for the better.

 

[Oddball]

So USAID corruption continues? DOGE at least stopped $180 billion to date permanently. But that is only 1/3 of their findings. The whole thing is a mess. Complicated by dirty deep state involvment. They want the kickbacks to keep going. They want no focus on past kickbacks of course. SS, Medicare fraud....they just let the leaders resign and run off on big pension.

I hope it somehow turns for the better.

USAID still exists under the umbrella of the State Department....It can be spun back off and used as the money laundry the moment another demoncrat is put in charge.

We're being chumped.

 

[Admiral Rockwell Tory]

The numbers speak for themselves.

Biden and Obama racked up more debt than Bush.

And spare me the left wing talking point that includes the tax cuts. The numbers are there for every one to see.

I don't want more tax cuts and I want taxes raised on the rich. I also want our government shut down for the most part.

What taxes do you want raised, because the rich rarely pay income tax? Raise the tax rate for millionaires to 100% and it still won't matter. We have to cut all of this ridiculous spending.

 

[mudwhistle]

mudwhistle

Are you saying it didn't tank. It's only down 750 points right now in the last 3 hours.

The term tanking means a massive downward turn.

750 points is only a 1.7% drop.

 

[Zincwarrior]

Down 888 points at time of writing.

 

[leftwinger]

What taxes do you want raised, because the rich rarely pay income tax? Raise the tax rate for millionaires to 100% and it still won't matter. We have to cut all of this ridiculous spending.

The board has been previously challenged to find $2T to add into FED revenueto balance out Obidens $7T spending.. No one can comes close. But they Chirp about things like “spending on the Rich thru the Tax code” or other. They can’t show big ticket items but flood the boards.

kyzr is the only one to come up with realistic big ticket items repeatedly.

 

[HikerGuy83]

The term tanking means a massive downward turn.

750 points is only a 1.7% drop.

Made it to 1.9 at close.

That's a tank to me.

 

[HikerGuy83]

What taxes do you want raised, because the rich rarely pay income tax? Raise the tax rate for millionaires to 100% and it still won't matter. We have to cut all of this ridiculous spending.

Correct.

Current spending is 25% of GDP up from 20%.

25% of freaking GDP !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[mudwhistle]

Down 888 points at time of writing.

Okay.....2%

Dude,......stop embarrassing yourself.