Comments on: Wall Street Takes A Nosedive

Back-To-School Retail Sales Disappointing; Unemployment Claims On The Rise

[david1737]

if you vote for the inexperienced barry obama, things will get worse.

Posted by fstop100

Fact is McCain chose Phil Gramm to "fix" the economy.

Please google Phil Gramm

The man who McCain chose as the general co-chairman of his presidential campaign, former Sen. Phil Gramm (R-Texas), led the charge in 1999 to repeal a Depression-era banking regulation law (see Gramm-Leach Act) which contributed significantly to today%u2019s Sub Prime meltdown and economic turmoil.

[david1737]

McCain quote:


"I don%u2019t understand how the economy works, I%u2019ve got to get a V.P. that will show me how it works."

Palin, McCain''s V.P. choice, simply doesn''t fill the hole in McCain''s admitted economic "bucket".


Remember IF elected McCain will most likely select Phil Gramm to be the next secretary of the Treasury.

Please Google both Phil Gramm and his wife Wendy Gramm

find out about Wendy Gramm and the fact that she caused Enron!

[david1737]

McSubprime

The man who McCain chose as the general co-chairman of his presidential campaign, former Sen. Phil Gramm (R-Texas), led the charge in 1999 to repeal a Depression-era banking regulation law (see Gramm-Leach Act) which contributed significantly to today%u2019s Sub Prime meltdown and economic turmoil.

[indivthinker]

This is the WORST economy I''''ve seen in my 60 years on this planet. Who doesn''''t know someone who is either in foreclosure of in deep trouble with bills?? Sieg Heil McBush

Posted by MCVet-1 at 04:19 PM : Sep 04, 2008

I don''t care if you are 60 years old, but you have a very bad long term memory. The economy has been worse than this during the Gas Crisis of Jimmy Carter''s reign. It was also horrible after September 11, 2001. I live in Texas, and several people pulled their kids out of private schools, lost their jobs, or filed bankruptcy. It was way worse back then than now because of the initial shock of high gas prices, the terrorist attacks, and a threat of another major war (which later became Iraq).

When comparing that to today''s situation, I see little resemblance. Here in Texas, we have the largest growing economy in the nation. In Texas, we have income growth, a huge state budget surplus, low costs of living, and low unemployment.

Perhaps rather than blaming the economy on the President, look at the economy based on region. California, New York, and Michigan, three of the most liberal states in the US, with their high taxes and government regulation and environmental protection laws, all have horrible economies, high unemployment, and high costs of living.

Hmm, no wonder more people are moving away from the northeast and heading to the South.

[oilfix]

pump and dump all the way to the bottom, somewhere
well below 10,000. Got a long way to go yet.

[sistatee-2009]

This is still the fallout from Clinton/Gore''s utterly failed economic program, NAFTA.

[Michael Arnold]

If you''ve got it, you''d better get it... and run for the hills.

[david1737]

McCain quote:


"I don%u2019t understand how the economy works, I%u2019ve got to get a V.P. that will show me how it works."

Palin, McCain''s V.P. choice, simply doesn''t fill the hole in McCain''s admitted economic "bucket".

[c0mm0n_sense]

I''m on a fact finding mission...

Does anyone know of any independant (or close to it) websites which track comparisons of each party''s ''specific'' plans for fixing the problems of the economy? Last night, speakers at the RNC talked about stimulating the economy by tax breaks. Everyone hears that the republicans only give tax breaks to the rich and that democrats only increase taxes. However, I have heard Barrack Obama say that he will ''cut'' taxes. I also heard him say he refers to anyone who makes under 250,000 (or maybe it was 150,000) is NOT considered rich. Does this mean he is going to cut taxes for this bracket? If so, does anyone have any specific information on what that means (i.e. does that mean if I make 100,000 a year, i''m single with zero deductions..currently paying about 37% in taxes...Will he help decrease that percentage? Or are they only referring to inputing tax breaks for families or specific types of people?).

Thanks,

[fstop100]

if you vote for the inexperienced barry obama, things will get worse.

[bobnjersey]

[With economic data still coming in spotty, Wall Street''s hopes for a late-year economic rebound are all but dashed %u2014 and with the Dow down more than 15 percent for the year so far, investors don''t appear to be holding out for a significant upturn in stocks, either. ]

down is good ... it creates room for everything to go up again. this is how the major players on wall street really make money ... you need someone losing money in order for someone else to make it.

they need your''s (and my) 401k''s and measly stock and mutual fund investments to game the ''pyramid'' so those at the top can ''cash out'' tomorrow when the market magically rebounds.

[dashortround]

Republican "leadership" always leads to recessions and depressions.

[kissamaarse]

The market is reacting to Susan, er, Sarah Palin. The threat of someone managing the country who cannot even manage her own teenager is too much. Jitters!

[sistatee-2009]

"The initial jobless claims number was higher than expected," said Dave Rovelli, managing director of U.S. equity trading at Canaccord Adams. "Everybody is worried about the unemployment number out (Friday)."

After everyone is without a job, the new jobless claims will drop to zero, and everything will be fine again.

[mcvet-1]

The markets will continue to have their ups and down.We are in a slump,the mortgage crisis and credit crunch caused our economy to slow down.Investors need to start investing into different stocks,like commercial stocks and mutual funds.Hopefully Friday the stocks will make some kind of rebound.

Posted by NSKDuke2 at 03:46 PM : Sep 04, 2008

You call this a slump?? This is the WORST economy I''ve seen in my 60 years on this planet. Who doesn''t know someone who is either in foreclosure of in deep trouble with bills?? Sieg Heil McBush

[mcvet-1]

LOL This REALLY adds to the pressure of McSlime to deliver! Wonder how long the old man will be able to take this before he flies off the handle on someone. LOL He''s got Obama out front clearing hurdle after hurdle with relative ease.. it''s got to pray on him, with his limited memory and aging mind. What''s the odds he doesn''t make it to the finish line??

[marshall_nee]

Down 345!
Whoa, thats gonna leave a mark.

[marshall_nee]

Don''t worry all is not lost, productivity rose 4.3%!
Oh wait a second...thats cos those souls lucky enough to still have a job are having to work harder, thanks to increasing layoffs, for the same pay...my bad.

[william_lerd]

I wonder if they are pricing in the effects of a big bank failing tomorrow?


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

Posted by Marshall_Nee
==========================
Na job losses went up and economic activity went down. Who could have predicted this?

[zorar-2009]

So goes Wallstreet..So goes the nation with a McSame Pailin administration...DOWN...DOWN...DOWN...