Comments on: Stocks Rally As Oil Continues To Drop

Dow Jones Climbs 200 Points, Surpassing Initial Expectations For Market Boost

[daysrnumbrd]

Posted by ibsteve2u at 04:10 PM : Jul 17, 2008
.............

You are right, which is why I put quotation marks around America. Two companies come to mind that have ditched this country for tax and liability shelters:

Halliburton and Accenture. Halliburton now HQ''ed in Dubai and Accenture in the Bahamas.

Gold and silver, those are my top investments going forward. Regardless of their value, they are real items you can hold in your hand, not just some piece of paper basically equivalent to an IOU.

[missingamerica]

Investment in corporate "America" is becoming more and more like one big Ponzi scheme!

Posted by DaysRnumbrd at 04:00 PM : Jul 17, 2008

lolll...it is not really corporate "America" anymore.

They may still have their headquarters and their executive personnel here so that they can take advantage of the relative lack of pollution and the safety and security that our infrastructure and military offers, but they have been putting their investments offshore at an ever increasing rate with the goal of insulating themselves from the repercussions of their abuse of the American worker and the Federal tax system.

Not that they give a *** about the American worker, but they are smart enough to know that he or she is also the American consumer, so they better have income coming in from elsewhere while they work at getting the American worker impoverished enough to make them as malleable as they were in the good old days that the American tycoons at the turn of the 20th century enjoyed.

Ya''ll cost too much and you aren''t respectful enough.

[daysrnumbrd]

Investment in corporate "America" is becoming more and more like one big Ponzi scheme!

[condumbism]

The American taxpayer is now paying for the unregulated banking industries near collapse under Republicon style failed capitalism. 8 months ago CDs payed 5% and a 30 year fixed mortgage was 5.6%. Today banks pay out 2.5% on CDs and charge 6.9% on a fixed 30 year mortgage. Vote for John McCain and the Republicon criminals for Congress for more of the same, or worse.

[missingamerica]

Ain''t nothing like having the Secretary of the Treasury tell the financial institutions: "It does not matter how inept or even corrupt that you are, we will cover the rest of the Street''s butt by using the taxpayer''s dollars to bail out any firm that fails.".

And with THAT kind of fail-safe, of course the financials soared - and since everything else depends on them...well...zoom zoom...

It is a Republican thing, anyway. They hate paying taxes no matter how much they have benefitted from our infrastructure or how our educational system has given them better workers or how our national defense protects their greedy little butts from those outside of this nation who would destroy them.

So it matters not to them if they drive the country so deep into the hole that it will be generations before the United States is solvent again - better that the taxes that they have paid go to support their businesses and their investments than that one thin dime should be spent elsewhere.

[condumbism]

GM up over 30% in 2 days. GM could easily be bankrupt in 6 months. GM is a leading example of why US industry across the board is now 2nd, even 3rd class. The fact that there have been no new fuel economy standards for 26 years, until recently is 100% the fault of Republicon style unfettered, deregulated capitalism.

[terrapin78]

Don''t get suckered into re-investing in Wall Street just yet.

Things are will still be volatile for months to come.

Close the Enron Loophole NOW!!!! Then we will really see the price of oil drop!!!!!!!