Comments on: Dow Jones Closes Below 11,000

Stocks End Mostly Lower Even As Oil Prices Retreat

[rickstas]

Remember the good ole days when all America had to worry about was a *** in the White House?

[nskduke2]

Smirk5,
I respect your view on this topic.Is it ok to say that both the republicans and the people are responsible for this economic mess.

[smirk5]

NSKDuke2,
"...people are so incompetent.If people don''''t know what they are getting themselves into,they can seek help."
That''s a nice thought, but like most Republican ideas, it doesn''t work. Even the Republicans NOW (a little late) understand that a bailout is about the only thing we can do. The help ultimately will come from the taxpayer. Now, the taxpayers have to pay billions and billions because of all that Republican deregulation.

[rushlimpdrug]

The DOW was at 10,587 on the day Bush took office.
Now, near the end of his second term, the DOW is at 10,963.
So, the DOW has netted 376 points during all of Bush''''''''s Presidency. Great job Bushie!
Posted by Smirk5 at 06:22 PM


Yeah but think about the commie chineeeze
stock.

[tryhonesty]

Government regulations and safeguards were put in place over several decades to prevent the very problems seen today. The RepubliCONs starting with the Reagan Administration, and two Bush Administrations have done away with government regulation = OVERSITE. The Savings and Loan scandals, Enron (the many Corporate America and market scandals are the direct result). Current economic events are the direct result of RepubliCON deregulation. The elimination of our checks and balances by the RepubliCON crooks. It is time to rid ourselves of the CONs this FALL. Vote these Greedy OLD Party (GOP) Crooks out of all political office! I just hope that it is not too late...

[nskduke2]

Smirk5,
I just saw that,thank you for bringing that up.What I meant to say is that I can''t help it that people are so incompetent.If people don''t know what they are getting themselves into,they can seek help.

[smirk5]

NSKDuke2,
"but I can''''t help it that incompetent people don''''t know any better. People do have the ability to make right and wrong decisions."

You''re contradicting yourself here. You say it''s due to incompetent people but then you state that people do have the ability to make right and wrong decisions.
Incompetent ones don''t. And there are millions and millions of them. How do you think Bush Jr. ever became President? It required millions of incompetent voters. Republicans and their deregulation played a giant part in making it possible for incompetent people to secure loans they should have never been able to secure considering their incomes. Deregulation by mostly Republicans helped to set this thing up.

[nskduke2]

That''''s exactly why you need more regulation which Republicans mostly oppose. Otherwise, the taxpayer ends up holding the bag.

Posted by Smirk5 at
---------------------------------------
I agree that we do need more regulations but I can''t help it that incompetent people don''t know any better. People do have the ability to make right and wrong decisions.People can think for themselves. Thats all I am getting at.

[smirk5]

"...the people who didn''''t know what they were getting themselves into created this problem."
That''s exactly why you need more regulation which Republicans mostly oppose. Otherwise, the taxpayer ends up holding the bag.

[smirk5]

NSKDuke2,
Ok. I''ll make it easy for you. The republicans are the party of deregulation. Deregulation has been a huge player in the housing and credit problems we now experience.

[nskduke2]

The Republicans.

[nskduke2]

The credit crunch, mortgage and housing problems have been greatly exacerbated due to deregulation. Who''''s the party of deregulation? Republicans or Democrats?

Posted by Smirk5
------------------------------
What? Both parties didn''t create this mess, the people who didn''t know what they were getting themselves into created this problem.

[smirk5]

NSKDuke2,

Who''s the party of deregulation, Republicans or Democrats? You failed to answer that question. Who supported the deregulation that has been a huge part of this economic mess , Republicans or Democrats?

[smirk5]

John McCain thought Czechoslovakia existed yesterday. Today, he thought it existed again. Will anyone tell him that this country has been gone for a decade and a half?

[smirk5]

"Did you hear the one about the woman who is attacked on the street by a gorilla, beaten senseless, raped repeatedly and left to die? When she finally regains consciousness and tries to speak, her doctor leans over to hear her sigh contently and to feebly ask, %u2018Where is that marvelous ape?"
John McCain telling a bad joke in 1986

[nskduke2]

The DOW was at 10,587 on the day Bush took office.
Now, near the end of his second term, the DOW is at 10,963.
So, the DOW has netted 376 points during all of Bush''''''''s Presidency. Great job Bushie!

Posted by Smirk5
---------------------------------
Yes truly this is Bush''s fault. The housing market, the credit crunch, and the mortgage crises, all Bush is fault. I don''t think so. The people and greedy corporations created this mess not Bush.

[smirk5]

NSKDuke2,
The credit crunch, mortgage and housing problems have been greatly exacerbated due to deregulation. Who''s the party of deregulation? Republicans or Democrats?

[generey]

Dow Jones Closes Below 11,000.

Sweet. VERY sweet! I LUV IT! LOL.

[oneamerican-]

President Bush urged Congress to lift the ban on offshore oil drilling today - and oil futures DROPPED $9 PER BARREL THE SAME DAY!

The phony oil futures bubble is about to burst...

[mcv57]

Brian Bethune, chief financial economist at Global Insight, said the US Treasury had two or three days to put real money behind its rescue plan for Fannie and Freddie or face a dangerous crisis that could spiral out of control.

advertisement"This is not the time for policy-makers to underestimate, once again, the systemic risks to the financial system and the huge damage this would impose on the economy. Bold, aggressive action is needed, and needed now," he said.

Mr Bethune said the Treasury would have to inject up $20bn in fresh capital. This in turn might draw in a further $20bn in private money. Funds on this scale would be enough to see the two agencies through any scenario short of a meltdown in the US prime property market.