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Posted July 02, 2009 (01:27PM)
The market is just draggginnnng until he speaks I presume?
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Posted July 02, 2009 (03:26PM)
SSSShhhhhhh. Tradeking will delete your message if you mention His name.
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Posted July 02, 2009 (04:21PM)
Evertime Obama opens his mouth, the market is sure to plunge lower. |
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Posted July 02, 2009 (06:24PM)
In my opinion, this is the weakness of his stimulus package, as well as the short sighted mistake of the original bailout plan.
I was saying this back in the fall - The treasury, Congress, and the government overall were in too much of a frenzy fixing the banking mess to see the trouble coming from unemployment. We may well come full circle, confronted with the next phase of falling domino's originated by the banking industry and financial engineering....a clever way of turning future GDP and taxes into trillions in corporate banking bonuses over the last 15 years. As Bernanke put it, "a negative feedback loop"...we're in desperate shape with the fact that 70% of our GDP is consumer spending. This is where I'm mystified with all the finger pointing at Obama for the spending by certain political parties, how the !@#$# do these people think we're supposed to get out of this mess? Obama has done one thing very right, with the fact that the housing industry will be stunted for years toi come as well as automotive, the banking industry and numerous other sectors, it's a very smart idea to create jobs in alternative energy right now, it will help to fill the void created by the lost jobs in the home buidling, auto, retail and banking industry. More importantly, we desperately need to diminish our oil dependancy. But, I still don't really think there's enough focus on creating jobs. |
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Posted July 02, 2009 (06:42PM)
Earnings are coming out next week. I think they might give the market a lift.
What do you think Incubus? If they do, they're not going past 8,800 |
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Posted July 02, 2009 (06:51PM)
Stimulus? Where is it? I agree w/ Incubus that alternative energy is a good idea but that's a relative small part of the economy. If people are losing income, energy will be the least of their problems, which is why ERY is now a great etf. (the anti energy etf.)
I do believe govt. is the solution as the private sector totally screwed up by deregulating the financial sector. There isn't true innovation in financials, it's only robbing people with a cursor instead of a fountain pen. The fact that the financial sector was making 40 percent of the profits all through the Bush Decade of Despair is why this has been the worst decade for incomes since the Great Depression, (and President Obama playing a 'chicken in every pot' sloganeering for the 'recovery' is making him into the New Hoover..) I want Obama to win but I don't see how he's going to do by following Bush's Financialization method. Throwing more money to the likes of BAC etc, isn't going to bring jobs. Direct job creation maybe necessary, public works programs are what worked in FDR's first five years, it was only when he turned conservative and tried to balance the budget that the Depression returned in '38. |
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Posted July 02, 2009 (07:33PM)
Hey Obama, here's an idea, want to fix the economy? Want the consumer to start pumping greenbacks back into the system? |
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Posted July 02, 2009 (09:22PM)
I think the banking sector may have given us a dog n' pony show with the "incredible" earnings from last quarter, it was a combination of ultra-cheap refinances and "earnings" viw AIG's payments on defaults. I say there's a strong change the gig is up, these fiancial magicians have very few tricks left in their bags. I also find it disturbing that Goldman Sachs just paid out a 100 year historical level of bonuses in the face of an economy that5 has a 26 year high for unemployment rates...they might know somethings coming, but then, maybe they know we're about to suddenly pull a rabbit out of our economical hat. The fact that half the SEC and many government officals are former GS employee's is a mere coincidence....now repeat after me "I pledge allegiance to the flag of the United States of Goldman Sachs...." If I'm wrong, I'll eat crow as the earnings come out this upcoming month....You can serve it to me personally.
Nevermind raises, just get our jobs back from the unprecidented number of non-citizens that are still gainfully employed under the H-1B visa program right here inside the country while their American counterparts can't afford to work at those rates and still pay tuition loans off. Or...as Limbaugh, Hannity, O'Reilly, or Kudlow would say "But it's foreign trade and our country needs it to bring the economy back". Um, yeah, we can all just mow lawns or do dishes for the non-citizens here to work for less money...because they're helping the economy, yeah, thats the ticket. |
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Posted July 02, 2009 (10:17PM)
The last paragraph brings Obama's 3 minute speech to mind |
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Posted July 02, 2009 (10:19PM)
As for Goldman, well, I hate to admit it, but ''those people'' are the Big Boys us little guys try to follow, speaking for myself, I dont know everyones situtation. Either way, theyre higher on the food chain, no one can argue that.Even though Im an independent operator, the BIG MONEY makes the market move. |
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Posted July 02, 2009 (10:24PM)
I disagree. There are many jobs that Americans will not touch and the economy needs low paying jobs. Everyone can't make 50 grand a year. That won't work. And I hate to say this but, college isn't for everyone. A college degree won't guarantee anything except loans that need to be payed back.
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Posted July 02, 2009 (10:31PM)
Agree with you, I personaly wish I never wen't to college, but it's the right thing to do right? The good thing is I payed my tuition in cash so I have no bills to repay for the rest of my life. 30 grand a year for 4 years adds up. Personaly Im one of those people that doesnt fit the profile for an academic/corporate whore. Im too much of a rebel lmfao. Hence owning my own operation now and loving every minute of it!
The world needs ditch diggers too huh? lol |
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Posted July 02, 2009 (11:32PM)
Seems the harder the work the less the pay, the poor are their own worst enemy for compensation, they don’t realize they could get much more, unless the educated office geek wanted to dig his own ditch! This ought to go over good, if you can’t afford health insurance the government will fine you! Why don’t we send all our congressmen and senators home, fire the President, and let the insurance companies run the country? |
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Posted July 02, 2009 (11:56PM)
There in lies the trouble left over from the last administrations complete disregard for any form of regulation...a landscape where vast corporte enterprises have amassed scarefully large amounts of control over the government. It isn't just the market that GS moves...not quite.
In the spirit of the H-1B prerequisite that the work contracted to non-citizens should be of a specialized nature where workers in America cannot be easily found, I completely disagree. I have far too many friends and acquaintances that program, work in IT or other technologies who are out of work while non-citizens are living large because they don't require health insurance and benefits as subcontractors. I say Obama should afford them the opportunity to apply for citizenship and then work on a level playing field for similar benefits and wages, or ship them home where they can easily get a good job in their home country. As for the companies that have threatened to leave the country, please do, your doing nothing for us anyway....this is a case where I'd applaude Obama if he incr3eased taxes on imported goods...you want American consumer money, you get taxed if it isn't made here with American workers. Making the argument that this would ruin foreign trade is like making the argument that drinking coffee that isn't absolutely smothered in sugar is better than having coffee with no sugar at all. Too much of anything is a bad thing. |
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Posted July 03, 2009 (01:10AM)
Incubus, the illegal’s will take the labor jobs, the H1B’s will whittle at the educated jobs. All with a nod and blind eye from government, business runs this country. The only laws enforced are the one’s that bring revenue or keep the prisons full and promote the drug war. It may end someday, but only if our congress can relate to Marie Antoinette.
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Posted July 03, 2009 (12:49PM)
Anyone else worried that Obama supports the president turned dictator in Hondurus and there is a bill in the House right now to repeal the 22nd ammendment that limits presidential terms?
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Posted July 03, 2009 (02:58PM)
I know nothing about Hondurus, but the entire world is backing the president there and not the coup so I'll side with popular majority on that. You sound real conspiracy theorist themadride. Did you do any homework about that 22nd ammendment repeal before posting or are you just trying to inflame? .. Rush's comment (which somehow I hate to say I agree with): "So whoever you heard talking about it on Fox is also insane and you're insane for believing it." And the White House press secretary was asked about this. Not only did the entire press corp laugh at the question (tell you anything?) but Gibbs flat out said the president supports two-term limits etc etc: http://www.wnd.com/index.php?fa=PAGE.view&pageId=102593 Think it's time to stop tuning into the crazies. |
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Posted July 03, 2009 (03:46PM)
And there lies the reason for all the buzz over the middle class being porked.
In a a nutshell, you're catching on. |
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Posted July 03, 2009 (04:18PM)
Editor won't let me quote just one portion, don't need the top quote. As far as the inflame thing - Yah, that is one thing I am never able to pick up on because I don't understand why people post things they know to be untrue or feelings stronger than they actually have just to illicit a response. The response to inflamed remarks are untrue because the original post wasn't a true post (if this makes any sense).. .. So yah .. I never pick up on that (Refer to my post regarding my email to Dennis Kneale, it fits in that category as well). The other thread was removed it appears, however the bottom of it had a nice suggestion (which I think was collateral damage in the thread removal) that basiclaly said talk to TK about creating a group (GROUP tag at top) just for political stuff. It'll be a section for people that just want to discuss politcal stuff and the others won't be bothered by it. (Not directed at you incubus, just was a good place to repost). |
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Posted July 03, 2009 (04:57PM)
From the bottom of my heart, THANK YOU. |
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