WHY is the DJIA crashing?

[saveliberty]

Didn't they say it was absolutely positively necessary to increase the debt ceiling in order to prevent this exact outcome?

Funny story the TP people said even if you pass a crap budget shit will just hit the fan slightly later...

Dems = failed
Reps = failed
Obama = failed
Tea party = Oddly called it dead on... To bad the Senate wouldn't pass the TP balanced budget. I guess they hated the part where it left us with a surplus in just 5 years.

The Tea Party are a bunch of ******* hooligans. They want to deconstruct the government and tear up the Constitution.

They are so wildly radical even most regular Republicans are shitting their pants.

You get caught up on defintions and swear words a lot huh?

 

[Avorysuds]

Here is why it's crashing, because it's an easy problem to and it's easy to solve but neither the Reps (GOP) nor the Dems or Obama wanted it "fixed" in any sense on the word. Most the The rest of the world understand that the budget means trouble in the future and Ron Paul and many others told us this was going to happen.

[ame=http://www.youtube.com/watch?v=Cxnhu8tj-oQ]‪Ron Paul Says `No Doubt' Debt Limit Will Be Raised‬‏ - YouTube[/ame]

So please, keep blaming the TP for something Obama/Dems and the Necon Republicans all thought was a fuckin great idea. Oh, maybe raising taxes would have solved the 1.6 trillion a year deficit by adding that 100ish billion extra revenue LOL!

 

[WillowTree]

Oh it's alot more then that.

The government is pulling money out of the economy. That means fewer government contracts and fewer government employees.

And overall..that means less people buying stuff.

For all the hatred conservatives have for working people in this country..they fail to realize that consumer spending is 70% present of what makes the economy work.

So making a few people extraordinarily rich..means that the other 99% of the country has no money to spend. Those 1% can't spend the money fast enough..and the economy crashes.

Tax the rich all you want-----America is still bankrupt. That dog ain't gonna hunt either. Someone better find a way to avoid anarchy.

Really..it's not about "taxing the rich". It's about making labor equitable.

There's no reason one guy at a company is making 21 million dollars a year while the guy breaking his back on the loading dock at the same company comes home with 43,000 dollars a year.

That's ridiculous.

And it's a major part of the reason we are in so much trouble.

well how much would you pay the dud on the loading dock? dew tell

 

[Trajan]

Oh it's alot more then that.

The government is pulling money out of the economy. That means fewer government contracts and fewer government employees.

And overall..that means less people buying stuff.

For all the hatred conservatives have for working people in this country..they fail to realize that consumer spending is 70% present of what makes the economy work.

So making a few people extraordinarily rich..means that the other 99% of the country has no money to spend. Those 1% can't spend the money fast enough..and the economy crashes.

Tax the rich all you want-----America is still bankrupt. That dog ain't gonna hunt either. Someone better find a way to avoid anarchy.

Really..it's not about "taxing the rich". It's about making labor equitable.

There's no reason one guy at a company is making 21 million dollars a year while the guy breaking his back on the loading dock at the same company comes home with 43,000 dollars a year.

That's ridiculous.

And it's a major part of the reason we are in so much trouble.

actually there is a reason, but when you live on envy, you'll never get it. and it has very very very little if anything at all as to why we are in this fix.

 

[Avorysuds]

Oh it's alot more then that.

The government is pulling money out of the economy. That means fewer government contracts and fewer government employees.

And overall..that means less people buying stuff.

For all the hatred conservatives have for working people in this country..they fail to realize that consumer spending is 70% present of what makes the economy work.

So making a few people extraordinarily rich..means that the other 99% of the country has no money to spend. Those 1% can't spend the money fast enough..and the economy crashes.

Tax the rich all you want-----America is still bankrupt. That dog ain't gonna hunt either. Someone better find a way to avoid anarchy.

Really..it's not about "taxing the rich". It's about making labor equitable.

There's no reason one guy at a company is making 21 million dollars a year while the guy breaking his back on the loading dock at the same company comes home with 43,000 dollars a year.

That's ridiculous.

And it's a major part of the reason we are in so much trouble.

So taxing the rich that wouldn't amount to dick when it comes to closing the spending that makes up our deficit is the answer? Can you show us on paper how this would have worked out?

 

[Trajan]

Oh it's alot more then that.

The government is pulling money out of the economy. That means fewer government contracts and fewer government employees.

And overall..that means less people buying stuff.

For all the hatred conservatives have for working people in this country..they fail to realize that consumer spending is 70% present of what makes the economy work.

So making a few people extraordinarily rich..means that the other 99% of the country has no money to spend. Those 1% can't spend the money fast enough..and the economy crashes.

for god sakes.....why yes, warren buffet takes money out of my pocket when he cashes his pay check, of course!

If you think one guy sitting on 58 billion dollars is a good thing for capitalism or a democratic republic in general..

Then keep watching.

Because both are going bye bye if this continues.

hey steve jobs is sitting on 76 billion, apple had more more cash on hand than the gov.

the key is GIVING THEM a reason to not sit on it, how they get iot or why means little, you are not poorer except by your own choice, by a dime no matter how much money someone else makes, there is no finite amount of money .

 

[shintao]

Now lookie thar! Oil took the 6% plunge and will soon be selling so cheap, Willow can ride her gasoline power bicycle to the grocery store again. Not to mention she will be saving tons on free birth control pills and pelvic exams. A real win win for the whiner of USMB.

 

[shintao]

Tax the rich all you want-----America is still bankrupt. That dog ain't gonna hunt either. Someone better find a way to avoid anarchy.

Really..it's not about "taxing the rich". It's about making labor equitable.

There's no reason one guy at a company is making 21 million dollars a year while the guy breaking his back on the loading dock at the same company comes home with 43,000 dollars a year.

That's ridiculous.

And it's a major part of the reason we are in so much trouble.

well how much would you pay the dud on the loading dock? dew tell

20 million sounds about right.

 

[Sallow]

Tax the rich all you want-----America is still bankrupt. That dog ain't gonna hunt either. Someone better find a way to avoid anarchy.

Really..it's not about "taxing the rich". It's about making labor equitable.

There's no reason one guy at a company is making 21 million dollars a year while the guy breaking his back on the loading dock at the same company comes home with 43,000 dollars a year.

That's ridiculous.

And it's a major part of the reason we are in so much trouble.

well how much would you pay the dud on the loading dock? dew tell

How much do you pay a johnny come lately to a company..who gets a CEO position because "he knows someone" and basically does lunch and a couple of meetings each day?

Cause that's what your run of the mill 23 million dollar CEO does. Not to much.

Think it's a good idea?

 

[Mustang]

Didn't they say it was absolutely positively necessary to increase the debt ceiling in order to prevent this exact outcome?

Its a mess
We have one of the largest oil finds in this countries history and our president has been telling the GOP house that there budget is no good
He sit and made the GOP re write there own budget until he got what he wanted
Jobs?
hell all he has been worried about was printing more bonds, he got what he asked for and what we got in return is the same thing we got in 09
nothing
Its become sad

I know why the market is crashing. I think its time the liberals face this mess they have put us in and stop pretending that this is something we inherited

If raising the debt limit was crucial to avoiding the bloodbath we have witnessed SINCE the dopes acquiesced, then imagine how bad it would have been if they hadn't dumped us so much deeper into debt.

You have captured conservative economic philosophy perfectly.

Fact and figures? Nope, don't need those.

How about analyses? Nope, that's the product of the Eastern elitist establishment. Can't trust that for sure.

But using one's imagination? Conservatives CAN do that. So, let's go! Let a thousand conservatives' imaginations bloom. Con's, let your imagines wander where they may. Let them go to and fro, and hither and yon. Don't forget to feed the fear while you're at it. And of COURSE, tune in to Rush to hear what he wants you to believe (notice I didn't say think).

 

[Mr. H.]

I put $20k in the market last week. Bad timing? Hell yeah.
But it'll bounce back and I'll likely make 20% over the next 12 months.

 

[Sallow]

for god sakes.....why yes, warren buffet takes money out of my pocket when he cashes his pay check, of course!

If you think one guy sitting on 58 billion dollars is a good thing for capitalism or a democratic republic in general..

Then keep watching.

Because both are going bye bye if this continues.

hey steve jobs is sitting on 76 billion, apple had more more cash on hand than the gov.

the key is GIVING THEM a reason to not sit on it, how they get iot or why means little, you are not poorer except by your own choice, by a dime no matter how much money someone else makes, there is no finite amount of money .

Um..no.

The key is making the most of your government contracts and actually introducing regulations that make sense. The ipods, ipads, and a plethora of over goods are assembled in China. In fact..a good many of the apps on those devices come from off shore. Okay..then why the heck should Apple have the same access to our courts, roads, bridges, emergency services, and many other things the American government provides in addition to low interest loans, grants and contracts..if they aren't doing anything for it?

In any case..the Conservatives got their way..no tax hikes..and a Trillion or so dollars are being slashed from government spending.

And the markets are panicing.

Good job boys.

 

[RunPerryRun]

if a sudden drop in unemployment is a bump in the road,then what is a stock market crash?

 

[Sallow]

I put $20k in the market last week. Bad timing? Hell yeah.
But it'll bounce back and I'll likely make 20% over the next 12 months.

There's likely to be a dead cat bounce in the near term. Look for some good blue chips that are off value because of this nonsense.

And sit on them for a bit.

 

[bigrebnc1775]

Oh it's alot more then that.

The government is pulling money out of the economy. That means fewer government contracts and fewer government employees.

And overall..that means less people buying stuff.

For all the hatred conservatives have for working people in this country..they fail to realize that consumer spending is 70% present of what makes the economy work.

So making a few people extraordinarily rich..means that the other 99% of the country has no money to spend. Those 1% can't spend the money fast enough..and the economy crashes.

Tax the rich all you want-----America is still bankrupt. That dog ain't gonna hunt either. Someone better find a way to avoid anarchy.

Really..it's not about "taxing the rich". It's about making labor equitable.

There's no reason one guy at a company is making 21 million dollars a year while the guy breaking his back on the loading dock at the same company comes home with 43,000 dollars a year.

That's ridiculous.

And it's a major part of the reason we are in so much trouble.

You're paid to m uch if you are paid 25 cents on the hour.

 

[kiwiman127]

Some on the right are,,right and some of the left are,,,right.
But all this partisanship piling on!!!!!

 

[Sallow]

Tax the rich all you want-----America is still bankrupt. That dog ain't gonna hunt either. Someone better find a way to avoid anarchy.

Really..it's not about "taxing the rich". It's about making labor equitable.

There's no reason one guy at a company is making 21 million dollars a year while the guy breaking his back on the loading dock at the same company comes home with 43,000 dollars a year.

That's ridiculous.

And it's a major part of the reason we are in so much trouble.

So taxing the rich that wouldn't amount to dick when it comes to closing the spending that makes up our deficit is the answer? Can you show us on paper how this would have worked out?

Um..this makes no sense.

In any case..taxes are a part of the mix. That's one of the fundamental functions of Congress..to levy taxes.

It's in the United States Constitution.

And if there is a revenue problem..and if Congress is CUTTING taxes..they are NOT doing their jobs.

 

[Trajan]

If you think one guy sitting on 58 billion dollars is a good thing for capitalism or a democratic republic in general..

Then keep watching.

Because both are going bye bye if this continues.

hey steve jobs is sitting on 76 billion, apple had more more cash on hand than the gov.

the key is GIVING THEM a reason to not sit on it, how they get iot or why means little, you are not poorer except by your own choice, by a dime no matter how much money someone else makes, there is no finite amount of money .

Um..no.

The key is making the most of your government contracts and actually introducing regulations that make sense. The ipods, ipads, and a plethora of over goods are assembled in China. In fact..a good many of the apps on those devices come from off shore. Okay..then why the heck should Apple have the same access to our courts, roads, bridges, emergency services, and many other things the American government provides in addition to low interest loans, grants and contracts..if they aren't doing anything for it?

you've got to be kidding.....

In any case..the Conservatives got their way..no tax hikes..and a Trillion or so dollars are being slashed from government spending.

And the markets are panicing.

Good job boys.

 

[Sallow]

Tax the rich all you want-----America is still bankrupt. That dog ain't gonna hunt either. Someone better find a way to avoid anarchy.

Really..it's not about "taxing the rich". It's about making labor equitable.

There's no reason one guy at a company is making 21 million dollars a year while the guy breaking his back on the loading dock at the same company comes home with 43,000 dollars a year.

That's ridiculous.

And it's a major part of the reason we are in so much trouble.

You're paid to m uch if you are paid 25 cents on the hour.

What?

 

[Sallow]

hey steve jobs is sitting on 76 billion, apple had more more cash on hand than the gov.

the key is GIVING THEM a reason to not sit on it, how they get iot or why means little, you are not poorer except by your own choice, by a dime no matter how much money someone else makes, there is no finite amount of money .

Um..no.

The key is making the most of your government contracts and actually introducing regulations that make sense. The ipods, ipads, and a plethora of over goods are assembled in China. In fact..a good many of the apps on those devices come from off shore. Okay..then why the heck should Apple have the same access to our courts, roads, bridges, emergency services, and many other things the American government provides in addition to low interest loans, grants and contracts..if they aren't doing anything for it?

you've got to be kidding.....

In any case..the Conservatives got their way..no tax hikes..and a Trillion or so dollars are being slashed from government spending.

And the markets are panicing.

Good job boys.

Kidding about what?

The market took a nose dive this week.

And it's not because they were tickled pink about what happened in Congress.

Some of it was Europe..but most of it was due to austerity measures.