Wall St up, Main St down

[Guns Guns Guns]

Wall Street stocks were set to rise on Tuesday after stronger-than-expected earnings from bellwethers.

Corporate earnings have been generally strong so far this season, with around three-quarters of S&P 500 companies beating analysts' forecasts so far. That has helped push the Dow industrials up to near three-year highs.

http://www.reuters.com/article/2011/04/26/markets-stocks-idUSN2625866020110426

Residential real estate prices dropped in February by the most in more than a year.

The S&P/Case-Shiller index of property values in 20 cities fell 3.3 percent from February 2010.

Increases in foreclosures are adding to a growing inventory of unsold homes, which may further depress prices and dissuade potential buyers anticipating even cheaper dwellings. Declining property values also limit construction and restrainconsumer spendingas homeowners have less equity to borrow against.



http://www.bloomberg.com/news/2011-...fell-3-3-from-year-ago-case-shiller-says.html

 

[evince]

The plan worked great for the people who planned it.

Now the republicans want to implement the rest of the plan so that Americans can live like third world country citizens for decades to come.

 

[WinterBorn]

The plan worked great for the people who planned it.

Now the republicans want to implement the rest of the plan so that Americans can live like third world country citizens for decades to come.

Of course the republicans planned for this to happen, and the dems had nothing to do with it. I love partisan hackery.

 

[evince]

Hey bub I never said the republicans planned the crash.

The people who planned it are pretty easy to find, they are the one who gained substancially from the mess.

The republicans are just so stupid they are helping the planners.

 

[cawacko]

The plan worked great for the people who planned it.

Now the republicans want to implement the rest of the plan so that Americans can live like third world country citizens for decades to come.

It was Wall St who provided the seed money for Obama's run for President. It was Wall St who gave far more money to Democrats than Republicans in 2008. It was Wall St's big CEO's Jamie Dimon and Lloyd Blankfein who were on speed dial with Obama. It was Wall St that benefited most from the stimulus package as they sold all the bonds. It was largely the Democrats who wrote the 2010 financial reform bill which still allowed 'to big to fail' to be in play allowing the banks to continue to gamble and be backed by the American taxpayer.

I'm not going to sit here and defend Republicans as I'm tired of them too. But it is quite obvious Desh that you have zero idea of what is really going on between Wall St and Washington. So please save your worthless talking points.

 

[WinterBorn]

Hey bub I never said the republicans planned the crash.

The people who planned it are pretty easy to find, they are the one who gained substancially from the mess.

The republicans are just so stupid they are helping the planners.

You mean like the CEO of GE who is now advising Obama?

 

[Damocles]

Main street is going "down" due to inflation caused by manipulation of the FED decreasing the value of savings for "main street". Either interest rates must rise which may cause a recession or spending must be curtailed. That is the only way to curtail the massive inflation being "hidden" in plain sight using numbers that weight housing (as they normally do) and do not include food and fuel pricing. It's just amazing how much we've lost in the value of our dollar while the government keeps telling you it is not inflating. Ask yourself if your cost for groceries has gone down, are you better off? Can you afford the same as you used to while earning the same deneg?

Ask yourself: Are you better off now than in 2008/2009? Are there more jobs available to you? Can you afford as much food as you could 3 years ago? Do you personally know people who have lost their jobs and have not been able to obtain a new one even with all the "shovel-ready" jobs that were promised?

Obama bought these results forcing your children and grandchildren to pay for our current largesse. Do you think that when they reach majority and the bill comes due they will believe it was worth it?

The "plan" was implemented by the current WH with supermajorities in both houses. Since the Democrats grabbed the purse strings in 2006 what has happened to our debt? Who have they tried to blame? Desh is a true believer and will never allow those she follows to take responsibility for their policy, and while there are many true believers (about 36%) that will never believe that those they trusted have performed poorly most of America are either just as insane in the opposite direction, or realistic enough to understand that more debt is not the solution to a debt problem.

 

[Onceler]

Main street is going "down" due to inflation caused by manipulation of the FED decreasing the value of savings for "main street". Either interest rates must rise which may cause a recession or spending must be curtailed. That is the only way to curtail the massive inflation being "hidden" in plain sight using numbers that weight housing (as they normally do) and do not include food and fuel pricing. It's just amazing how much we've lost in the value of our dollar while the government keeps telling you it is not inflating. Ask yourself if your cost for groceries has gone down, are you better off? Can you afford the same as you used to while earning the same deneg?

Ask yourself: Are you better off now than in 2008/2009? Are there more jobs available to you? Can you afford as much food as you could 3 years ago? Do you personally know people who have lost their jobs and have not been able to obtain a new one even with all the "shovel-ready" jobs that were promised?

Obama bought these results forcing your children and grandchildren to pay for our current largesse. Do you think that when they reach majority and the bill comes due they will believe it was worth it?

The "plan" was implemented by the current WH with supermajorities in both houses. Since the Democrats grabbed the purse strings in 2006 what has happened to our debt? Who have they tried to blame? Desh is a true believer and will never allow those she follows to take responsibility for their policy, and while there are many true believers (about 36%) that will never believe that those they trusted have performed poorly most of America are either just as insane in the opposite direction, or realistic enough to understand that more debt is not the solution to a debt problem.

How much did the U.S. economy lose between the crash & the passage of the stimulus? Hint: it's in the trillions.

 

[Based Chad]

Main street is going "down" due to inflation caused by manipulation of the FED decreasing the value of savings for "main street". Either interest rates must rise which may cause a recession or spending must be curtailed. That is the only way to curtail the massive inflation being "hidden" in plain sight using numbers that weight housing (as they normally do) and do not include food and fuel pricing. It's just amazing how much we've lost in the value of our dollar while the government keeps telling you it is not inflating. Ask yourself if your cost for groceries has gone down, are you better off? Can you afford the same as you used to while earning the same deneg?

Ask yourself: Are you better off now than in 2008/2009? Are there more jobs available to you? Can you afford as much food as you could 3 years ago? Do you personally know people who have lost their jobs and have not been able to obtain a new one even with all the "shovel-ready" jobs that were promised?

Obama bought these results forcing your children and grandchildren to pay for our current largesse. Do you think that when they reach majority and the bill comes due they will believe it was worth it?

The "plan" was implemented by the current WH with supermajorities in both houses. Since the Democrats grabbed the purse strings in 2006 what has happened to our debt? Who have they tried to blame? Desh is a true believer and will never allow those she follows to take responsibility for their policy, and while there are many true believers (about 36%) that will never believe that those they trusted have performed poorly most of America are either just as insane in the opposite direction, or realistic enough to understand that more debt is not the solution to a debt problem.

but mainly main street is going down because wallstreet is sending jobs overseas to maximize short term profits. And we know,'that's what businesses do'. Thanks neocon. That's the reason national policy should not be based on globalization stupidity. Many social values are not based on profit alone, like child labor, or civil rights, or freedom.

Protectionism is the solution to our debt problem.

 

[Topspin]

This is not new news, if you are not in college it's your fault if you haven't hitched the wagon to wall st.

 

[Damocles]

but mainly main street is going down because wallstreet is sending jobs overseas to maximize short term profits. And we know,'that's what businesses do'. Thanks neocon. That's the reason national policy should not be based on globalization stupidity. Many social values are not based on profit alone, like child labor, or civil rights, or freedom.

Protectionism is the solution to our debt problem.

Only if you curtail spending at the same time. Piling on debt cannot continue, even if we implement stringent protectionism.

 

[Damocles]

There was no plan. Bush and the GOP majority borrowed and spent, refused to raise taxes, and Obama and the Dems continued.

It's time to end tax breaks, but I'm not optimistics. Lobbyists and the all-pervaisve campaign finance donations will see to that.

Coin operated government has been painful.

 

[Based Chad]

Only if you curtail spending at the same time. Piling on debt cannot continue, even if we implement stringent protectionism.

Wrong. The new revenue from an actually fully functioning american economy would permit current spending levels.

 

[Damocles]

Wrong. The new revenue from an actually fully functioning american economy would permit current spending levels.

Total garbage.

Let's give it a good solid scenario that even AHZ can understand.

AHZ's family spends $46,000 per year, but AHZ and all working adults in the house only make $30,000. He's been buying stuff at Walmart, but now decides to buy locally at the mom & pop store. This doesn't change that AHZ is still putting $16,000 per year on his credit card and that crippling debt will absolutely bankrupt him and his family, now he gets a raise at his job because protectionism is the super hero he thinks it is, but mom & pop charge more for their stuff and he's now spending $50,000 per year because of that price increase, the raises between him and the wage-earners at his house amounts to $4,000...

This means he is still adding $16,000 of debt to his household each and every year and that they will continue to be buried under that debt.

Bigger debt is not the answer to a debt problem.

 

[Based Chad]

Total garbage.

Let's give it a good solid scenario that even AHZ can understand.

AHZ's family spends $46,000 per year, but AHZ and all working adults in the house only make $30,000. He's been buying stuff at Walmart, but now decides to buy locally at the mom & pop store. This doesn't change that AHZ is still putting $16,000 per year on his credit card and that crippling debt will absolutely bankrupt him and his family, now he gets a raise at his job because protectionism is the super hero he thinks it is, but mom & pop charge more for their stuff and he's now spending $50,000 per year because of that price increase, the raises between him and the wage-earners at his house amounts to $4,000...

This means he is still adding $16,000 of debt to his household each and every year and that they will continue to be buried under that debt.

Bigger debt is not the answer to a debt problem.

Your scenario is not quite accurate. It's neigh incalculable the new amount of economic activity that would ensue when we restrict imports. They will have to print more money to hire enough americans to produce all the things we need. And then it will be the americans on a spending spree around the world, instead of the chinese. What do you think of that, mason? Doesnt that just stick in your globalist craw?

 

[Damocles]

Your scenario is not quite accurate. It's neigh incalculable the new amount of economic activity that would ensue when we restrict imports. They will have to print more money to hire enough americans to produce all the things we need. And then it will be the americans on a spending spree around the world, instead of the chinese. What do you think of that, mason? Doesnt that just stick in your globalist craw?

It's silly to pretend that there is some sort of infinite well we are dipping into that will magically make what you say come true. "nigh incalculable" because it is imaginary.

 

[Based Chad]

It's silly to pretend that there is some sort of infinite well we are dipping into that will magically make what you say come true. "nigh incalculable" because it is imaginary.

We have a fiat currency system. Money actually is created at our whim, for the purposes we see fit.

 

[Damocles]

We have a fiat currency system. Money actually is created at our whim, for the purposes we see fit.

Which causes inflation and makes your purchasing power less. Ignoring reality because you really want something to be true doesn't change reality, it just makes you purposefully ignorant.

 

[Damocles]

Of course, we daren't close those corporate tax loopholes or reduce the taxpayer-funded incentives that big business lobbyists have worked so hard to get Congress to implement!

You do realize that liberatarians are against corporate welfare in the form of tax loopholes, don't you?

 

[Based Chad]

Which causes inflation and makes your purchasing power less. Ignoring reality because you really want something to be true doesn't change reality, it just makes you purposefully ignorant.

But the inflation is countered when one has more of the new money. Politically motivated fiat currency creation is our reality. Our politics are just messed up right now, and based on globalism instead of 'Americans First' patriotism.