Comments on: Dow Falls Off A Cliff

679-Point Stock Swoon Pushes Blue Chip Index Below 9,000 Mark For First Time Since 2003

[legacyabq]

How are we going to pay down, with interest, the national debt? The value of the dollar now is less than that when we borrowed, thus in effect increasing its relative cost, right? The real amortized value of the debt is huge. We are still in Iraq, now this bailout: what are the federal revenues looking like? How can we not raise taxes and still come out of this?

[itdfactsu]

the tech bubble happened on Clinton''''s watch.



Posted by Speakinup21 at 10:06 PM : Oct 09, 2008

Most American''s would take that crash over the one Bush is presiding over

But not u

[irmcvet97]

When the tech bubble burst, the markets lost 49%. The current downturn is in the 30s.

neocon yourself on that one - the tech bubble happened on Clinton''''s watch.

Posted by Speakinup21 at 10:06 PM : Oct 09, 2008

Uh Huh!? Another of the American''s are just Whinners losers!! LOL Folks when you look at WHERE the Republican''s started and where we are... IF you can look at that and vote FOR a REPUBLICAN you deserve people like this joke! IF YOU think this guy care''s, IN THE LEAST, that YOU were lied to... that YOUR standard of LIVING has dropped EVERY SINGLE YEAR these people were in power, well I''ve got some land for sale!! LOL

[standlee5]

Maybe Obama IS the right man for the job given the situation. Maybe it''s time to nationalize EVERYTHING just to bring stability and keep it from the robbers in waiting. After things settle in 4 years turn it into a refined reformed free market.

[itdfactsu]

Posted by talk2chief at 10:06 PM : Oct 09, 2008

I didn''t vote for Bush in 2000 and 2004 that alone moves me miles ahead of you

[irmcvet97]

LOL Well IF nothing else we''ve had a real good chance to see how the two Candidates would react to a crisis. Frankly people electing this VERY Angry and in my opinion Mentally Impaired Man to the Presidency would be the absolutely WORST thing we could do. McCain''s jumping into the Gutter when the Stock Market fell off a Cliff should give ALL of you the SAME feeling when Hoover attacked the Tent Vets. I grew up in the 60''s and anyone who can''t let it go, who insist on going back there EVERY single day does NOT belong at the helm. It was a DIFFERENT WAR and a DIFFERENT TIME Senator!! How could someone who was 8 year old at the time understand? Obama/Biden 08

[itdfactsu]

Posted by talk2chief at 09:57 PM : Oct 09, 2008



How does Mclame get the two confused, Confucius?


McCain made an interesting slip of the tongue before he got to the biggest charge.

"You and I together will confront the ten trillion dollar debt that the federal government has run up and balance the federal budget by the end of my term in office," McCain began, making his way to pork barrel spending. "Across this country this is the agenda I have set before my fellow prisoners and the same standards of clarity and candor must now be applied to my opponent."

Presumably McCain meant to say ''Americans'' not "prisoners,"


McCain is 73 going on 90 you''re going to vote for that nut

Like I said

Oh gee a right wing whack insulted me

[samthetvcat]

---"President Bush told an audience on the South Lawn of the White House that the economy was going through a "very tough stretch." But, he said: "I''m confident in our economy''s long-term prospects."---
Posted by brianbwb

omg, he needs to just NOT talk!!!!! If the goal is reassurance, it''s counterproductive!

Because he''s always confident and most of the time he has no reason to be. They should have somebody come out and just give specific reasons why the market still inspires confidence, like because we all still need to eat, etc.

PS Oh, that Paulson plan to buy shares of banks isn''t like the way we buy shares of banks through the market ha ha. Hopefully it''ll still help shore up the market though I don''t know.

[standlee5]

Why don''t we just ask for debt forgiveness from China like other struggling economies do to us.

[talk2chief]

Go ahead U wonder about that *****
Posted by itdfactsu

Did you even graduate from High School? "Oh gee a left wing whack insulted me." YOUR REGISTERED TO VOTE. This country is in a world of hurt.

[itdfactsu]

I wonder if they will start to let the people''''s money float ?



Posted by Speakinup21 at 10:01 PM : Oct 09, 2008

Go ahead U wonder about that *****

[brianbwb-2009]

"President Bush told an audience on the South Lawn of the White House that the economy was going through a "very tough stretch." But, he said: "I''m confident in our economy''s long-term prospects."

We have been hearing this BS from the neocons for the past 36 years, the "very tough stretch" has stretched very far indeed, and is now at the breaking point.

Let Bush speak Friday, we know he will say nothing other than "stay the course", and "more belt tightening" and such similar nonsense, every word out of his lie hole will add a point to Mr. Obama''s victory.

What I want to hear from Bush is an apology for his crimes, his and Cheney''s resignation, and their surrender to the relevant authorities to face war crimes and treason trials. There is nothing else he can say to me.

[samthetvcat]

---"The unbridled covetness and greed of Americans got us here and all of this "Treasury" intervention is only going to delay the inevitable - a MAJOR, painful correction. If you don''t believe this, you just hide and watch."---
Posted by RebelRepubli

Yeah, amidst this market crash is like a cultural struggle because what got us here most of us don''t want to go back to, and that''s what''s been shoring up our economy for the last couple of decades.

All that plugging of cheap credit and the marketing of a conspicuous consumption culture is so easy to fall prey to because everybody wants to fit in and keep up and stuff. Nobody wants to go back to that, but if we don''t go back to that then what are we going to be moving forward to?

This YouTube clip I was listening to last night was pointing out that our innovative spirit always leads to bubbles, so the tech bubble had a lot of hot air but when it burst there was still Google, and Microsoft, and stuff that came of it.

But there is sort of that sense that we don''t want to pump up another banking bubble, isn''t there? Which then makes it odd for so much money to be pumped into investment banks, doesn''t it?

Would it just not work to pump the money into banks - like regular banks, not investment banks? Along with a firewall? (meh, I really don''t know . . . )

[standlee5]

No health insurance hs to be regulated just like banking. If the pbulic is using tax dollars to subsidize these companies they''d better submit to regulation. Maybe they can offer some type of federal oversight insurance like FDIC for health providers so they submit to govt. regulation then they''re covered for malpractice type of thing. I don''t know I''m just throwing stuff out there at this point. We all need to get real real vocal about our thoughts and ideas and criticism. THat I do know.

[incog-nito]

standlee5: I have a friend who had his individual policy premium increase twice in six months for no apparent reason whatsoever. Also, the danger in McCain''s plan is that insurers will just raise their premiums to offset any savings from the tax credit. This has the potential of making things worse, not better.

[talk2chief]

Oh gee a right wing whack insulted me

Posted by itdfactsu

No I pointed out the obvious. Your stupid.

[itdfactsu]

Posted by talk2chief at 09:53 PM : Oct 09, 2008

Oh gee a right wing whack insulted me

[itdfactsu]

posted by standlee5 at 09:49 PM : Oct 09, 2008





At the end of their first summit meeting in Slovenia
Bush and Putin:


Bush said
"I looked the man in the eye. I found him to be very straight forward and trustworthy and we had a very good dialogue.

"I was able to get a sense of his soul.

[talk2chief]

itdfactsu - you fail to understand economics and cause and effect. That''s why you suck as a voter.

[brianbwb-2009]

Posted by standlee5

You make a valid point, but how do you answer this, as long as there are no regulations or price controls in a "free market" (actually there is no such thing), what will keep the health industries from colluding to keep costs high, as they now do, without government controls?

At least we need to create a cheaper government backed alternative, to pressure the health firms to lower prices and improve service. Without it, we are relying on the hope that private firms will moderate costs out of the goodness of their hearts, a concept that doesn''t exist.