Is This a Replay of 1929?

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  • Posted By: 7dollars @ 10/03/2008 9:51:25 PM

    the south votes republican despite the lies, death and destruction caused by bush & cheney.

    why is that?

    who knows?

    ha,ha,ha.

  • Posted By: riddelup @ 10/03/2008 3:48:37 PM

    The overwhelming response of the American people was no. No bailout or no reelection. Circulate the list of those who voted yes then get them out regardless of party both house and senate

    • Posted By: veer5 @ 10/03/2008 8:12:45 PM

      I say circulate the names of the ones who voted no on Monday and then later turned their votes around....after they got their pet pork projects inserted in the bill! It is beyond belief! I hate crooked politicians who talk from both sides of their mouth and put their self serving interests ahead of doing the right thing for our country. The panic that set in will cost a lot of people their life savings.....sad.

  • Posted By: sfsaam @ 10/03/2008 6:40:56 PM

    Your statement regarding the bear market does not really reflect the sorry state of the stock market now. Even S&P dropped by close to 40% from 2000 to 2002, the index at its lowest point was still more than double from 1992. As of now, the S&P index is only barely over 10% over the lowest level in 2002, ; while it is almost 30% lower than the peak in year 2000, after 8 long years.

  • Posted By: sfsaam @ 10/03/2008 6:40:17 PM

    Your statement regarding the bear market does not really reflect the sorry state of the stock market now. Even S&P dropped by close to 40% from 2000 to 2002, the index at its lowest point was still more than double from 1992. As of now, the S&P index is only barely over 10% over the lowest level in 2002, ; while it is almost 30% lower than the peak in year 2000, after 8 long years.

  • Posted By: jfennerlaw@bellsouth.net @ 10/03/2008 5:36:47 PM

    People like former-Senator Gramm, who believe that "The Market" will solve everything, forget that you have to have an honest, regulated "market", for all of this magic to work.
    It takes independent institutions--the SEC, honest courts, and yes, lawyers, to keep the "markets" open for business. Otherwise, Sen. Gramm, and Sen. McCain, you get Enron.

  • Posted By: Nins @ 10/03/2008 5:33:55 PM



    Let's not forget that Warren Buffet, who is doing so much to bolster America's economy right now, is planning to vote for Barack Obama. Mr. Buffet says that Obama's economic plan is good for all Americans and has also said that John McCain's economic policies would further bankrupt our country.

    If you vote for McCain, you are voting for more of the same pandering to corporations that ship jobs overseas, wreak havoc on the economy.

    Vote for a strong economy that is regulated by fair principals. Vote for Obama.

  • Posted By: cani77 @ 10/03/2008 5:05:02 PM

    In a few weeks we will make a choice that will decide our future.
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide the largest morgage bank in the world,Bear Stearns, Lehman Brothers and Merrill Lynch which are 3 out of the top 5 wall street firms. Also, Fanny and Freddy Mae which hold 50 percent of the home loans in the United States.
    The government took them over because they are essentially bankrupt.If they didn't the entire financially system would virtually shut down, the stock market would crash and we would suffer beyond what any of us have seen before.

    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
    It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.

    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He either didn't care or didn't realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime.
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a tanking economy and a 11,600,000,000,000 (trillion) dollars deficit.Bush created a national debt larger then the first 42 presidents combined
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why are the polls even close then ?
    The chairman of McCains campaign recently said that people don't vote on issues they vote on a personality composite. Which means he is trying to sell you personality instead of results.
    Let's teach him we are smarter than that .

    31 states are voting now, dont wait
    Elect Obama Biden 2008




    Check out this video of sarah palins interview before you vote


    http://www.youtube.com/watch?v=r36Xc0GG4iQ

  • Posted By: JDSalinger12 @ 10/03/2008 4:21:30 PM

    Yes, we are in trouble. Are big banks are scrambling to consolidate not for business gain, but for business survival and when they hurt, we all hurt. Everyone should start looking for ways to protect their money. This basically comes down to either taking your money out of the market and cutting discretionary spending or diversifying and investing some overseas. I personally use offshore bank accounts and they have helped me with diversification and asset protection. If you want to read more on why offshore investing is smarter, feel free to visit my website.

    Best,
    Frank Miller
    http://www.theoffshorebankaccount.com

  • Posted By: tc125231 @ 10/03/2008 3:33:47 PM

    The impressive thing about Samuelson is his willingness to offer confident explanations of events that he shows no ability whatever to predict.

    Under the logic of scientific method, his lack of ability to predict means that he is not offerring meaningful explanation --no matter how much wind his moving lips produce.

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