you're one to talk
how many times have you bragged about how the $8k tax credit was helping you sell houses to people that really cant afford em
The Dow goes up 497 points
- Thread starter Truthmatters
- Start date
how many times have you bragged about how the $8k tax credit was helping you sell houses to people that really cant afford em
auditor0007
Gold Member
The bail out will help. As much as I dislike the idea of throwing this money at the banks, I supported it from the beginning. I really don't think there was a choice. However, just because the market jumped 500 points due to investors feeling a glimmer of hope, it doesn't mean everything is all of a sudden okay on Main Street.
We're not done seeing all of the foreclosures, and with more people losing jobs, we're likely to see a lot more. And because we over built in the first place, it's going to take a hell of a lot more than a few people jumping back into the housing market before the economy can stand on it's own feet again.
Some people here talking about the market hitting 8000 as a sign that everything is on it's way back are not thinking clearly. The market was at 14,000; remember? More likely than not, the next time the DOW hits 14,000, we're going to have a different President.
manu1959
Left Coast Isolationist
well as far as i can tell barry is passing out money to banks and auto companies.....
those folks ain't the po.....fool.....
now he is asking private folks to buy toxic debt using govt' funds......sounds like another loan to the rich......
how about you google the group of thirty the google all the banks that got tarp funds then come back and tell me the rich aint gettin richer under barry.....
sounds like that to me too
Wrong.
You have to buy a home to get the credit, so you have to qualify for the home without the $8K.
Nice try, though.
yeah sure
Wrong.
You have to buy a home to get the credit, so you have to qualify for the home without the $8K.
Nice try, though.
yeah sure
Wrong.
You have to buy a home to get the credit, so you have to qualify for the home without the $8K.
Nice try, though.
As usual, you don't have the balls to admit you are wrong.
Coward.
asshole, you know what you bragged aboutyeah sureWrong.
You have to buy a home to get the credit, so you have to qualify for the home without the $8K.
Nice try, though.
As usual, you don't have the balls to admit you are wrong.
Coward.
so fuck off
i'm NOT wrong
Old Rocks
Diamond Member
Excellant idea!
Old Rocks
Diamond Member
It Was Bush Who Pushed Minority Home Buying, Not Clinton!
Knowledge is power and that is why there was very little reporting done by the Republican-owned media, that it was George Bush who pushed for minority home buying.... not Clinton as they love to distort about, and gave Speculators the go ahead to get minorities to buy homes in the hundreds of thousands.
Bush - "Calling a home the "foundation for families and a source of stability for communities," President Bush proposed three new initiatives designed to enhance existing federal home buyer assistance programs by helping African- and Hispanic-Americans buy homes. According to the White House, fewer than half of all African and Hispanic Americans currently own their homes, compared to nearly three-fourths of white Americans. "We must begin to close this homeownership gap by dismantling the barriers that prevent minorities from owning a piece of the American dream," said the President in a nationwide radio address. To close the homeownership gap, President Bush proposed legislation funding the following new initiatives:
American Dream Down Payment Fund
This program would provide money to qualified low-income families to assist in making the down payment on a home. "The single greatest hurdle to first time homeownership is a high down payment requirement that can put a home out of reach," said President Bush. White House analysts estimate that the American Dream Fund will assist some 40,000 low-income families annually in making down payments on homes.
Letters: Predatory lending with a smiley face - Salon
Old Rocks
Diamond Member
INO Equities Stocks Indexes - U.S $ INDEX (NYBOTX) Price Chart and Quote
Wall Street gains, the Dollar and the American people lose.
It's apparent Obama and Bernanke made clear who they favor... (hint: it's not us)
The American people made their choice in November.
I'll call you a whaambulance.
A little over 1/2 of the american people made their choice and a little under 1/2 have to live with it....for many generations to come.
Less than half of the American People made their choice in 2000, and we will live with the results of incompetance, corruption, and lies from that administration for many generations. President Obama is doing all that he can to prevent idiocies of the previous administration from economically destroying this nation. But you people would rather see the nation fail than see the President succeed.
Old Rocks
Diamond Member
Funny, this is exactly what the President has said. It is a good sign, but the worst is not over.
We have a tremendous backlog of unemployed and under employed Americans. Untill they can get work at real jobs paying reasonable money, this economy cannot come back.
The next part that needs to be done, and ASAP, is the rebuilding of existing infrastructure. And the start of building an energy infrastructure that will make us independent of foriegn energy, while eliminating pollution.
That will cost money, but like the WPA and CCC projects, will be an investment that will be used for many genertations to come.
Indiana Oracle
The Truth is Hard to Find
We need forward progress along many economic fronts. Right now, how we do that is pretty much immaterial.
We also need to stay away from new spending amd borrowing which do not have a direct, positive impact on the economy. On this front Obama is off the rails. Even many Democrat policy thinkers are starting to become loud about this. auditor2007 and a couple of others have the right viewpoint.
In the for-what-it-is-worth column, who really cares about Bush or Obama? Who cares whose fault all of this is? People exercised at this level are nothing more than foot soldiers for idealogues.
Investigate and decide these issues for yourself. Think out of your current framework.
We also need to stay away from new spending amd borrowing which do not have a direct, positive impact on the economy. On this front Obama is off the rails. Even many Democrat policy thinkers are starting to become loud about this. auditor2007 and a couple of others have the right viewpoint.
In the for-what-it-is-worth column, who really cares about Bush or Obama? Who cares whose fault all of this is? People exercised at this level are nothing more than foot soldiers for idealogues.
Investigate and decide these issues for yourself. Think out of your current framework.
PubliusInfinitum
Rookie
- Aug 18, 2008
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Because people can buy equity in stocks that were trading for $85 a year ago for $2.50, which means that they're $2.50 from doubling their money...
In short order, when ever their profit goal is met, they'll sell off all or a portion of those shares and that will send the dow down again...
People are thinking "SHORT TERM" at the moment, and for very good reasons; which is a condition that describe a "bear" market...
The economic policy of the ideological left, which punishes performance, or 'success' makes long term gains 'unlikely'... so people work to capitalize on short term gains which can be reasonably predicted by cause and effect of common reports.
Now that answers your question... but it doesn't BEGIN to answer THE Question which is WHY ARE PEOPLE NOT THINKING LONG TERM?
The answer to which is that LEFTISTS ARE IN CONTROL OF THE ECONOMY AND THINKING 'LONG-TERM' HURTS TOO MUCH...
This gaggle of idiots which have been elected by the larger gaggle of IMBECILES, are bankrupting the US...
FOR GOD'S SAKE< EVEN THE IMBECILES THAT ELECTED THEM ARE PISSED! And kids... that is a VERY BAD SIGN!
IF you TRIED to imagine a scheme wherein a conspiracy was PLOTTED AND EXECUTED to destroy the US economic engine, you'd be hard pressed to think of one which would be more effective than what we're watching take place right now.
The Fed just wrote checks for 4 trillion dollars, on an account which has NOTHING in it, and is now BORROWING against those worthless checks.
Now when those dollars hit the market and go into distribution, the value of the dollars you have are going to be DEVALUED by the exact percentage which that 4 trillion represents against the volume of currency which is presently circulating in the market.
What YOU IDIOTS DID TO THE US, THROUGH YOUR ELECTING PROGRESSIVES>> MARXISTS... and this includes all of the PROGRESSIVE>> Marxists which you've placed in the legislature for 60 years... The Bawney Fwanks, the Maxine Waters... who are DIRECTLY RESPONSIBLE FOR THE COLLAPSE OF THE FINANCIAL MARKETS, is that you've subjected the US market to the idiots that believe that the US should not be the worlds super-power; Marxists who believe in the absurd notion of fairness that requires PRIVATE BANKS BE COERCED INTO LOANING MONEY AGAISNT NO PERCEPTION OF RISK; THRESHOLDS WHICH CANNOT POSSIBLY BE SUSTAINED; and who project a mythical Federal guarantee... which those psuedo-federal banks and their insurance vehicles CANNOT POSSIBLY HOPE TO COVER.
Those idiots of which YOU are one... are now driving, or HAVE DRIVEN the US economy into bankruptcy where their solution TO THE PROBLEMS THEY HAVE CAUSED, is to shut down the bankrupt US Currency and replace it with an international currency... which is BASED UPON THE SAME THING THAT KILLED THE US CURRENCY! And in so doing they are striking AT the sovereignty of the US.
There is virtually NO MEANS to measure the damage that you idiots have done to this country. And whether you've done so through 'good intentions' or through overt subversion of nefarious intent is MEANINGLESS... as the result is the same.
The DOW up 500 yesterday, it's presently down 100pts... and it will conitnue to bounce along this false bottom until the framework which you idiots have set us in finally succumbs to it's obvious structural flaws... You've dug the foundation out from under the Market, through your absurd regulations and PILED IT ON TOP OF THE MARKET THROUGH YOUR ATTEMPTS TO FINANCE YOUR STUPIFYINGLY ABSURD SOCIAL CONTRACT...
Brace yourself spanky... this one's gonna HURT; and there's no one else to hang on to sis, because we're ALL standing under the SAME collapse...
And THAT is part of the problem RIGHT THERE!
We want to know who is responsible, BECAUSE THEY AND THEIR ACTIONS CAUSED THE PROBLEM... AND TO FIX THE PROBLEM YA HAVE TO KNOW THE CAUSE TO EXECUTE A SOLUTION!
The problem is leftism... PERIOD AND WITHOUT EXCEPTION. The Federal Reserve... while the left today LOVES to toss that idiocy upon the RIGHT... the federal reserve was and remains a FUNCTION OF SOCIAL SCIENCE... It was created by good ole President Wilson and represents the FOUNDATION of how we got to where we are today.
The Federal Reserve was sold as the means by which the SCIENCE of 'Economics' would create a sound economic foundation that would spare the world economy the agony of the Boom-Bust cycle... The Federal Reserves, created in 1913, took a while to get going and didn't really begin to do it's thing, until Goold Ole' Presidents Hoover and FDR used it control the recession of '29... it's FIRST outing the Federal reserve which was sold as the means by which SCIENCE WOULD CONTROL THE WORLD ECONOMY (for the good of all mankind, of course...) lead the world into a DEPRESSION on it's first time at bat.
And the COOL part is that it did pretty much the same thing then, that it's doing NOW... only with a neat twist... Along with the US treasury, it's decided to do the same thing the German Weirmar Government did which resulted in ruinous hyper-inflation, which set Germany up for the glory days of the THOUSAND YEAR REICH... Which of course, didn't actually last QUITE a full thousand years... and the glory sorta petered out in the smoldering rubble that was Germany after it's people conceded their freedom to those who came along to SAVE it from the VERY SIMILAR ECONOMIC POLICIES WHICH THIS ADMINISTRATION AND THE FEDERAL RESERVE ARE PRESENTLY IMPLEMENTING...
So yeah... don't get all caught up in whose responsible... or how we got here... or what happened to people who didn't worry about who caused THEIR problems or how they GOT THERE... THAT'S ALL ANCIENT HISTORY... The thing to do now is to BRACE YOURSELF FOR IMPACT...
To stop this looming trainwreck would require the kind of leadership which is no where to be found on the national seen. The stage is set to destroy anyone who might try, before they ever get close enough to do anything about it...
Such leadership would require an IMMEDIATE, COLD TURKEY RETURN TO Bed-rock economic principle which leaves the fate of the individual TO THE INDIVIDUAL and a shut down of the Federal Reserve; the return of the US Dollar to a tangible value base and the shutting down of most of the federal goverment.
And since that is that is the solution and there is no one who can make that happen, that means that nature is on her own and she'll have to do it herself.
Here's how it's going to go down...
The phoney baloney money that the Left and the Fed have printed up hits circulation over the next 6 months, the US cdolalr goes to Zilch, US Federal dent instruments; Bonds, notes, bills... are recognized as worthless, the holders of which run to cash them in... and the US government prints more cash to pay those instruments off... the non-idiots see where this is going and there's no point bothering the idiots with what they can't understand.
The whole house of 'SOCIAL SCIENCE' Cards, come crashing down and along with it, the US Federal Government.
On one hand it's terrifying and on the other, its exillerating... because it's an actual means to rebuild a nation... to put her back on the tracks which sustained her into unprecedented prosperity LONG before the Advocates of Social Science began to undermine her foundation with their insidous arrogance.
the REALLY bad news here is that the Left will not admit that it's their fault; they will not acknowledge that it was THEIR POLICY which DESTROYED US and we'll have two choices before us:
Choice #1: Let the left apply MORE of that which destroyed us, except on a MUCH LARGER GLOBAL SCALE... which will leave us to watch the WHOLE THING HAPPEN AGAIN, WITH EXPONENTIALLY GREATER DESTRUCTIVE POWER... Destruction on a scale which I do not believe we can even BEGIN to get our heads around... Or...
Choice #2... STOP THEM COLD by whatever means is necessary and return the United States to it's core principles... re-establish a Federal government which OPERATES ON THE SAME US CONSTITUION THROUGH WHICH SHE WAS BORN... only this time on the understanding that THOSE ARE THR RULES... WRITTEN IN STONE AND NOT SOME ABSURD 'LIVING DOCUMENT' which can be manipulated to fit whatever soft-headed rationalization we happen to be hearing at any given point in time...
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Yurt
Gold Member
the dow is down nearly a 100....
i wonder why? i wonder why the same libs who said yesterday that the rise was all obama's doing are silent today....
i wonder why? i wonder why the same libs who said yesterday that the rise was all obama's doing are silent today....
It was this morning. It's struggling but it is easing up there today. 64.60 now.
Indiana Oracle
The Truth is Hard to Find
There are basically three kinds of idealogues in my view.
- Those who believe in a set of values, try to live by them and mind their own business
- Those who want to bring everything down to establish a new utopia (lots of variations)
- Those who believe in a set of values, may or may not live by them, but spend their time trying to take over.
Yurt
Gold Member
i just checked bloomberg, down 46
Wall St. likes that Geitner brought a plan. We'll see how it goes after Obama's news conference tonight.
God help him if he laughs..
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