Comments on: Stocks Suffer Sixth Straight Day Of Losses

Dow Closes Down 190 Pts. As Wall St. Remains Rattled Despite News Of Emergency Rate Cut

[lemonskink]

No Problem, The Bush administration will just give them all more of your money. Bush failed in every business venture he was involved with, and when the stupid people thought he was the best thing since Christ, well he took every advantage of it. You deserve everything that happens.

[alpinefir]

By the time the next President takes office we will probably all be standing in "Bread Lines".

Maybe Bush will declare a state of emergency and call off the election...which he has the power to do via a bill that was signed into law about two years ago.
Power to the People!

[samthetvcat]

---"Sam - Those "Good Companies" aren''t "American" any more! They don''t make anything here."---
Posted by DangYankee69

Yeah, it''s so frustrating because I don''t think ''free trade'' is sustainable over the long term when it''s not truly free trade. The income gap between trading partners makes it outsourcing rather than trade.

I feel like this crisis is like the perfect opportunity to say to China, like see this trading relationship that you thought was benefitting you so much really hurts you in the end as much as us, and that they have to start buying as much stuff from us as we buy from them. Or else they need to start paying higher wages. Or let us impose tariffs if it comes down to that.

But both the candidates seem to still seem to love the idea of outsourcing (aka ''free trade'') - still - what else can we do?

[dangyankee69]

It needed to adjust, congress and G.W. told us a bunch of lies to pump money in for the rich.
We need to vote out everyone in Washington and let them know we are done with crooked politics

Posted by GrabAndGo

Who would you recommend we replace them with? Anybody you send to Washington is going to become the next generation of corrupt politicians. The only way to solve the problem is to take away Congresses power to give. If all Congress could do was pass laws that equally applied to all individuals (and corporations)then the snakes would be driven out of their holes. Whatever happened to Steve Forbes and the FLAT TAX? That''s the kind of common sense which we need today.

[dangyankee69]

With our Government so busy with the presidential election I don%u2019t think anyone is looking into why our economy has taken such a hard fall. How many of us really think it is just our housing market? Maybe someone is manipulating our economy . I believe we need to look into middle east and there holding companies. If you look closely they are doing very well. WHY! We have been at war for many years and they have not been succeeding. Is there a better way to hurt us? Economically Posted by baronabc

It''s gotta be the guy on the grassy knoll. He''s ruining our economy. Just yesterday it was as solid as a rock, but now it''s falling apart. OH WAIT -- IT WASN''T. It has been a bubble waiting to burst for more than a decade. We have had this long run of "prosperity" but we have failed to invest any of that growth in our infrastructure. Our bridges are falling down, our schools are among the poorest in the developed world. Our military has been weakened by underfunding and poor deployment, our national reputation has been diminished by continued support not for the leaders who will do what''s best, but support for those who will write the biggest checks. We are a nation without a future, and unless something changes there is going to be more than enough hurt to go around, REGARDLESS OF WHO YOU BLAME.

[dangyankee69]

---"Last one out gets stuck with the bill."---
Posted by DangYankee69

There are some solid companies that have been around for over a hundred years not making great waves like the ''''splashier'''' tech stocks and whatnot - the ''''blue chippers''''. Maybe once the bottom drops out, that''''ll sort of be the next extention to the idea that there''''s something solid about tangibles. Like people can look at Campbell''''s and say okay everybody always likes soup - if the market''''s bottomed, that might be a good place to wade back in.

It sounds like we haven''''t bottomed out yet though, although we''''ll get there . . . the market does have good companies like that . . . Posted by SamTheTVCat

Sam - Those "Good Companies" aren''t "American" any more! They don''t make anything here. They don''t employ any American workers. They don''t do anything other that pursue American tax breaks, so they can avoid having to invest in the American infrastructure. And if you look closely many of those traditional "American Blue Chip Stocks" (you know the ones with only one letter in their trading sign) have been tracking down over the past three years. It is the tech stocks which are making the big splash because they have been the only ones to maintain a high valuation.

But what the heck - as long as Walmart is doing well it must mean that the American economy is strong. Even if everything they are selling is made in China.

[baronabc]

With our Government so busy with the presidential election I don%u2019t think anyone is looking into why our economy has taken such a hard fall. How many of us really think it is just our housing market? Maybe someone is manipulating our economy . I believe we need to look into middle east and there holding companies. If you look closely they are doing very well. WHY! We have been at war for many years and they have not been succeeding. Is there a better way to hurt us? Economically

[samthetvcat]

---"Last one out gets stuck with the bill."---
Posted by DangYankee69

There are some solid companies that have been around for over a hundred years not making great waves like the ''splashier'' tech stocks and whatnot - the ''blue chippers''. Maybe once the bottom drops out, that''ll sort of be the next extention to the idea that there''s something solid about tangibles. Like people can look at Campbell''s and say okay everybody always likes soup - if the market''s bottomed, that might be a good place to wade back in.

It sounds like we haven''t bottomed out yet though, although we''ll get there . . . the market does have good companies like that . . .

[rickwar]

Buying at the bottom, love it. Fear and Panic, it''s a great thing

[dangyankee69]

Brad Sherman in the house of Representatives says members of congress were threatened that "There would be martial law in America if we voted no."(on the bailout bill) Have you heard this in the nws? No?

Posted by lochlan at 12:31 PM : Oct 08, 2008

So does this mean that this time they can shoot looters?


In Brad Sherman''s District? W. LA ? Sure. But then again it sounds like Sherman is just trying to build a cover story. How did this Cali. Lib. vote on the Bailout?

[david1737]

Until a few Mondays ago McCain said the fundamentals of the economy remain strong, then hours later he changed his position.

Since then McCain''s positions on the economic crisis have been erratic at best.

This is no suprise from McCain as he is quoted as saying:

"I don''t understand how the economy works"

[dangyankee69]

I have heard alot of blame being passed around. Here''s a possible alternative. As a reformed trustifarian, I can remember when it made more sense to have assets invested in the Stock Market and pay only the interest on my personal debt (car lease, home mortgage, etc.) because the assets invested appreciated at a higher rate than the interest charges I was paying (net gain). If I were still in that position today (sadly I am not) I would quickly decide to liquidate the assets to move them to more solid places (pay off the car, and house for one) even if that meant a small loss, the long term trend over the past three years has been to lose ground on many positions, and the foreseeable future looks like hard assets will be much more stable. Not to mention the fact that the value of the dollar appears poised to take a huge hit, so sell now and pay off the personal debt. Oh wait by the look of the DJIA it seems that most American investors have already figured this one out. Last one out gets stuck with the bill.

[whatiknow2]

Plain and simple,
If you will still be able to afford to support yourself after the business you work for folds under,
If you have all the insurance you need for you and your loved ones,
If your home is paid for and is still worth what you paid for it,
If you are secure with the future as far as your retirement,
If you are not concerned with the amount of taxes you pay,
If your credit rating is over 750,
and If you do not care at all about those who are less fortunate than you,
If you feel comfortable about "Bomb Bomb Bomb IRAN",
If you look forward to a Nuclear war with KOREA,
Then you might be able to afford to vote REPUBLICAN.
Here is your sign
_________
|***VOTE***=
|*McSame!*=
|_________=
| ||
| ||
| ||
I am giving my vote to "THAT ONE"

[samthetvcat]

PS I also worry that the candidates in trying to ''empathize'' with people and show that they ''get it'' are as a byproduct of that effort are maybe spooking the markets too (?) It''s kind of scary :o

[samthetvcat]

---"The administration has been rushing to implement the bailout, but, Paulson cautioned, "Getting it right is as important as getting it done quickly."---

I seriously wonder whether Paulson''s doing more damage than good when he talks.

If you listen to all the other economic experts on tv, they''re so careful about couching everything in optimism to not spook the markets - when Paulson talks the market loses like 250 pts.

Like yeah unemployment''s up, sales are down, credit''s tight, housing''s in a slump, inflation might go up, but still . . .

[ruready2revo]

Nader is too little too late. Maybe Bob Barr (Libertarian) would possibly make true change at this juncture. Maybe.

[yongamerica]

Apparently the 800 billion dollar bailout is a ruse and was a complete nnecessary waste of tax dollars, and our grandchildren''s future. Thank you Bush administration for all your insight and oversight and hindsight. I am more than certain the higher echelon of the Bush Administration and peers profited handsomely.

The article about AGI sending all its executives to a health spa and spending in excess of $400,000 on them two days after The Bush administration gave them an 85 billion dollar bailout is truly an eye opener.

It shows that today''s economists are the true alchemists by turning something worth less than dirt (debit) into gold, and its all on the world''s investors dime. Good scam. Kudos.

[inventagod2]

Republicon greed seals the deal.

It always leads to Democrat wins, the Repugs know we always clean up their enormous messes...

[wl7bzh]

Brad Sherman in the house of Representatives says members of congress were threatened that "There would be martial law in America if we voted no."(on the bailout bill) Have you heard this in the nws? No?

Posted by lochlan at 12:31 PM : Oct 08, 2008

So does this mean that this time they can shoot looters?

[nader2rescue]

Are you angry about the economy? Take action to open the debates. McCain gave the go ahead and Obama said no. http://www.votenader.org/

***Listen to Nader before you decide***
Ralph Nader is on TV tonight!
Ralph will be on CNN''s Late Edition with Wolf Blizter at about 5 p.m. EST this afternoon.
And he''ll be on Fox''s The O''Reilly Factor with Bill O''Reilly at about 8:25 p.m. EST tonight.
Hope you get a chance to watch.