Some Guy wrote on Mar 18^th, 2009 at 1:53pm:


fuman jew?

Some Guy wrote on Mar 18^th, 2009 at 2:39pm:


fuman jude?

http://farm4.static.flickr.com/3087/2754935414_0f026bd25c.jpgv=0

Wow, impressive counter-points.

Looks like we have put to rest the debate over government spending versus the depression.

Please let me know when it gets back to where it was when Pelosi and the commies took over Congress.  You are about 6000 points from where you can start bragging.

Jumping Jack wrote on Mar 18^th, 2009 at 4:32pm:


Ahh thanks for the goal post move alert. . . it's congress that controls the market, I get it now! Should we count Pelosi's first year in power??

Ten Thousand Motels wrote on Mar 18^th, 2009 at 7:10pm:

Of course we were; we still are.
http://www.commondreams.org/archive/2007/05/02/915
And we have a ton of fun every July in Veneta (Note:  Unofficial videotaping is prohibited at Oregon Country Fair and quality of amateur video reflects this.).
http://www.youtube.com/watch?v=oLCQDpn2nrU&feature=related

I have to admit it, my liberal friends were right!

They told me if I voted for McCain, the nation's hope would deteriorate, and sure enough there has been a 20 point drop in the Consumer Confidence Index since the election, reaching a lower point than any time during the Bush administration.

They told me if I voted for McCain, the US would become more deeply embroiled in the Middle East, and sure enough tens of thousands of additional troops are scheduled to be deployed into Afghanistan.

They told me if I voted for McCain, that the economy would get worse, and sure enough unemployment is approaching 8.8% and the new stimulus packages implemented recently have sent the stock market lower than at any time since 9/11/01.

They told me if I voted for McCain, we would see more "crooks" in high ranking positions in Federal Government and sure enough, several recent cabinet nominees and Senate appointments revealed resumes of bribery and tax fraud.

Well, I ignored my Democrat friends in November and voted for McCain, and they were right - all of their predictions have come true!

Ten Thousand Motels wrote on Mar 18^th, 2009 at 7:10pm:



Great video, thanks for posting the link.

Molly Ivins warned us about the repeal of Glass-Steagall in 1999.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132...

The plot thickens...

March 19 (Bloomberg) -- Senate Banking Committee Chairman Christopher Dodd said the Obama administration asked him to insert a provision in last month’s $787 billion economic- stimulus legislation that had the effect of authorizing American International Group Inc.’s bonuses.

Dodd, a Connecticut Democrat, said yesterday he agreed to modify restrictions on executive pay at companies receiving taxpayer assistance to exempt bonuses already agreed upon in contracts. He said he did so without realizing the change would benefit AIG, whose recent $165 million payment to employees has sparked a public furor.

Dodd said he had wanted to limit executive compensation at companies that got money from the government’s financial-rescue fund. AIG has received $173 billion in bailout money. His provision was changed as the stimulus legislation was negotiated between the House and Senate.

“I did not want to make any changes to my original Senate- passed amendment” to the stimulus bill, “but I did so at the request of administration officials, who gave us no indication that this was in any way related to AIG,” Dodd said in a statement released last night. “Let me be clear -- I was completely unaware of these AIG bonuses until I learned of them last week.” He didn’t name the administration officials who made the request.

-------------

And to be fair, the stock market has shown signs of life these past few days.
But Obama is not done spending yet, and I will reserve judgment on whether this is a bona fide rebound.
I would like to think things will improve in the short term.
But I am not optimistic.

That didn't take long:

US stock rally fades as investors assess Fed moves
Thursday March 19, 4:27 pm ET
By Stephen Bernard and Sara Lepro, AP Business Writers


NEW YORK (AP) -- Investors doused a two-week-old stock rally Thursday on worries about fallout from the Federal Reserve's plan to pump more than $1 trillion into the financial system.
A slump in banking and other financial shares pulled the market lower, but energy stocks got a boost from soaring crude oil prices.

The retreat came a day after the Federal Reserve announced plans to buy up $300 billion in Treasury bonds and increase its purchases of mortgage-backed debt securities.

The effect of the actions will be to add hundreds of billions of dollars of new money into the financial system in an effort to break a logjam in lending. By buying bonds, the Fed will push borrowing costs lower for purchases of everything from homes to cars.

A day after the announcement, investors are assessing the potential downsides of the Fed's giant cash injection, which could weaken the dollar against other currencies and trigger inflationary pressures in the United States.

"After the initial euphoria surrounding the surprise announcement yesterday, there's a little more analysis of this going on and its leading to some questions," said Todd Salamone, senior vice president of research at Schaeffer's Investment Research.

According to preliminary calculations, the Dow Jones industrial average fell 85.78, or 1.2 percent, to 7,400.80.

Riffhard wrote on Mar 19^th, 2009 at 1:05pm:

nankerphelge wrote on Mar 19^th, 2009 at 8:11am:


This is a bear market rally at best. Personally I am a little dubious of Citibank suddenly of showing a profit as we hit new lows on the 6th. I wouldn't put any long term money into this market until we retest the lows from March 6th or until they reinstate the uptick rule. All of the money they are printing is driving people into commodities. . . .oil and steel are moving and should have a nice run short term.