plunging dow
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Sir Galahad
Christian Socialist Party
Like Jackie Gleason used to say: "How sweet it is". 
Sir Galahad
Christian Socialist Party
Freefall..... put your golden parachutes on. 
Not yet.
Like Jackie Gleason used to say: "How sweet it is".
I really don’t see how a DOW free fall is sweet for anybody.
uscitizen
Villified User
but..But SF said the capitualtion point was in August at 12,000 or somesuch....
Sir Galahad
Christian Socialist Party
It affects a majority. It affects even those who do not have 401k’s because there will be far fewer jobs. And the fewer jobs that are available, the lower wages fall, and the less negotiation power those who have jobs hold.
I am not surprised to find that the Bush raiding of the treasury will not solve the credit crunch. But I don’t think it’s good news.
KingCondanomation
New member
Honestly Desh, are you feeling good about supporting the bailout now?
What a ridiculous rush of a waste of money...$700 billion is seven times what the Iraq war costs per year and you were up in arms about that.
KingCondanomation
New member
Good you are learning, maybe you can start realizing that increased taxes and regulations has the EXACT same effect on the job market.
evince
Truthmatters
What in the end did the money spent on Iraq get us?
What in the end did the 700 billion get us?
We will be left with something of value in the end.
I could be proven wrong about supporting it but now is not the time to determine that now is it?
Without the 700 billion (which is not yet in the pipeline) it could have been worse.
The idea that a market plunge the day after means the bailout "didn't work" is silly.
The bailout is about severity. We're basically in a recession; the bailout's hopes were to make that recession shorter & less deep. Here's hoping on that one; I don't think today means it "isn't working."
And, yeah - everyone is affected by a plunging market, unless whatever you do doesn't rely on anyone else or any other business or customers or money.
The bailout is about severity. We're basically in a recession; the bailout's hopes were to make that recession shorter & less deep. Here's hoping on that one; I don't think today means it "isn't working."
And, yeah - everyone is affected by a plunging market, unless whatever you do doesn't rely on anyone else or any other business or customers or money.
uscitizen
Villified User
I don't really. It it becomes necessary I will just shut the doors on my business. I still have plenty aside from that to live out the rest of my life on.
I think my business will do ok though. My basic business model is to succeed while my competitiors fail. working fine so far.
Well, I will await with interest any evidence in the coming months that the bailout was effective. Any evidence other than nebulous claims that “it would have been worse”.
Sir Galahad
Christian Socialist Party
I know sweetie, but this is a war on the super rich. Eventually they'll have to come off their high horses and do something decent and good for a change, because there is no way they will ever get their hands dirty and work hard for their money. They'll be jumping out of windows, hanging themselves and blowing their brains out before ever considiring hard work.
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