Pessimism Over U.S. Sweeps World Markets

Asian, European Markets Plunge As Investors Doubt Bush Plan To Curb Recession Will Work

(CBS/AP)  Overseas investors, gripped by fears of a U.S. recession, dumped shares over skepticism that an economic stimulus plan U.S. President George W. Bush announced on Friday would shore up an economy battered by problems in its housing and credit markets.

The plan, which requires approval by Congress, calls for about $145 billion worth of tax relief to encourage consumer spending.

Stock markets across most of Asia fell Monday, following declines on Wall Street last week, and the bad news swept westward as European investors reacted.

France's CAC 40 plunged 6.1 percent, but it was not the only European market to see a significant drop.

Germany's DAX was down 6 percent in morning trading, while Britain's FTSE 100 dropped 5.1 percent.

"There's a lot of panic selling today," said Christoph Schmidt, analyst at N.M Fleischhacker Trading Bank in Frankfurt. "Most investors worked on the wrong foot. We expected some because of the holidays in the U.S., markets are closed. We are on a very close KLAPP year, no bad news from the U.S. But the Asian markets were pretty weak this morning. And all the selling pressure came over to Europe. And traders began to react emotionally to the markets.

"The next days are pretty decisive because we would all like to know how are the U.S. markets [are] going to react to this selling pressure we have in Asia and Europe," said Schmidt.

"Let's say that today, the markets across the world, and especially the French market, are undergoing a phenomenon of distrust in the markets that are leading them downward," Alain Crouzat, president of Montsegur Finance, told AP Television.

"Without a doubt the element that sparked this was in August with the sub-prime crisis which hit the assets linked to real estate loans by dubious creditors. Today we see that the liquidity and the need for liquidity are hitting all of the markets especially the stock market with a scenario looming of an economic crisis that can only amplify the phenomenon," he added.

An analyst in London says investors there have been following the Asian markets, which he says "have not been impressed" by the U.S. government's economic stimulus plans.

Foreign investors aren't wondering so much if a recession's looming, reports CBS News correspondent Richard Roth; they're now worrying how deep and how long it may be.

Asian markets were slammed this morning.

India's benchmark stock index tumbled 7.4 percent, while Hong Kong's blue-chip Hang Seng index plummeted 5.5 percent to 23 thousand 818.86, its biggest percentage drop since the September 11, 2001 attacks.

China's Shanghai Composite index plunged 5.1 percent. Markets in South Korea, Australia, Singapore, Taiwan and the Philippines also sank.

The general manager at Fulbright Securities in Hong Kong, Francis Lun, calls it "another horrible day." He says there's the feeling that the stimulus package in the U.S. is "too little, too
late."

A contraction in the American economy would likely hurt profits at Asian exporters, although rising trade and investment within the region has made Asia less dependent on the U.S. than in the past.

"People are certainly nervous about a potential recession in the U.S. spilling over to the rest of the world," said David Cohen, Director of Asian Economic Forecasting at Action Economics in Singapore.

"Maybe there's still some wariness that politicians are able to come up with a compromise and act sufficiently quickly," Cohen said. "I think the impact would be marginal anyway."

On Friday, the Dow Jones industrial average slid 0.5 percent to 12,099.30, and some analysts warned that the U.S. market could be in for a period of protracted declines.

Investors also have shrugged assurances from Federal Reserve Chairman Ben Bernanke that the U.S. central bank is ready to act aggressively - which means a likely big interest rate cut later this month - to help support an economy pummeled by devastation in the housing and credit markets.

Japan's benchmark index is at its lowest close in more than two years.

"The Japanese market is probably the second-largest economy in the world but it is tied very closely to the United States," said CBS News correspondent Barry Petersen in Tokyo. "The fall of Japanese stocks is really a vote of 'no confidence' twice-over: once, a sense that the plan proposed by President Bush is not going to make any difference soon in the American market, and also a sense that with America slowing down, Japan's going to be in trouble as well."

Petersen said the Japanese market was already having problems of its own: "Prices for condominiums are coming down, [and] the national bank warning that perhaps the economy could be sluggish. Now it's a double whammy with what's going on in the United States."

The up-shot: The Japanese market is reacting to both factors - and is heading south.

Petersen said there is not much belief that China's booming economy would cushion the blow if America is in trouble.

With U.S. markets closed for the Martin Luther King Jr. holiday, it will be another day to see how the bad news sweeping westward will affect Wall Street. But today, in Canada, the news was not good. The Toronto stock market was down more than 600 points.

ScotiaMcLeod analyst Gareth Watson says what we're seeing today will be an ongoing theme through this reporting season in North America, calling it a "show me" market.

He says investors aren't willing to look at anything until they see proof that results are good and expectations going forward are at least reasonable.

For things to improve, he says credit markets have to return to normal and borrowing has to become easier.

Watson says we're going to have to see corporate data coming in that's less than disastrous, but that will only happen over time.

He says that's making it hard to predict where the bottom is for the market.

Watson adds the market lacks confidence and it could take a minimum of six months to get it back.

Until that happens, he says people aren't expecting a sustainable rally.

But some strategists say Asian markets are now oversold and will rebound as investors snatch up stocks that have fallen to attractive levels.

"We hold our view that the rapid correction in the past two weeks is offering a good opportunity to buy quality stocks," Taifook Research in Hong Kong said in a note.

[brianbwb-2009]

"Investors Unimpressed By Bush''s Plan To Avert U.S. Recession, Start Dumping Shares"

Small wonder, even at twice the size, it won''t work.

People who need it will use it to pay off past due bills, not buy new items. The real solutions, meaningful American job creation, enforcement of minimum wage and benefits, are so far beyond Bush''s comprehension, that the whole world knows that his plan is BS.

[feelfree1]

And so it unfolds.

The global economic recession appears to be knocking at the door, and all thanks to a handful of greedy fools.

Shame.

[feelfree1]

The Nikkei (Japanese) index is racing the DOW index to the 10,000 mark.

[battyellison]

Why doesn''t this administration show the people how the insurance companies are going to go broke trying to pay morgt brokers their claims of 450 billion dollars i think they might get bush and cheney this time and its about time

[joyous88]

The idiots have to borrow the money because they have looted the treasury, how is that going to help anything?

It is the evangelicl war against humanity and its working

[whatithink-2009]

Apparently God stopped talking to Bush.

[flreason]

Apparently it never occured to the American companies that laid off their workers that if they sent jobs overseas they would wreck the economy. If people don''t have jobs, or can only get low paying jobs, and are buried in debt, they can''t be consumers. When a critical mass of out-of-work consumers is reached, the economy implodes. All of those MBAs could only see as far as their personal gain. By exporting too many jobs so they could inflate their own salaries, they sc*rewed the American working and middle classes. It''s no comfort that they sc*rewed themselves at the same time.

[antoniof123]

You would think that the GOP would find a new sound bite cut taxes in the shape we are in.

Is it just me or are they getting dumber or maybe just desperate.

[swwils]

I seen this coming months ago.I told my son we are going to have to tighten the belt.I remember when life was smooth ,back in the day.Gas was like 35 cents a gallon,cigarettes where about 65 cents a pack.Watch gas and smokes next,milk and bread will climb.I hope they bail us out of this one.

[skyk-2009]

Apparently it never occured to the American companies that laid off their workers that if they sent jobs overseas they would wreck the economy. If people don''''t have jobs, or can only get low paying jobs, and are buried in debt, they can''''t be consumers. When a critical mass of out-of-work consumers is reached, the economy implodes. All of those MBAs could only see as far as their personal gain. By exporting too many jobs so they could inflate their own salaries, they sc*rewed the American working and middle classes. It''''s no comfort that they sc*rewed themselves at the same time.


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

Posted by flreason at 07:07 AM : Jan 21, 2008
+ report abuse

You are so right on this. Now it''s going to be an uphill fight to get those jobs back or some that are as good. Without the Middle Class being able to get a fair share of the wealth our system will most certainly sink.

[mike_2244]

"Apparently God stopped talking to Bush."

ahhaha

Maybe he can not sleep anymore after killing and destroying the lifes of so many innocent people :D

[nothappyatall]

Like a radio show said last night, wow, another $300 tax rebate, "Ill pay the interest on my 2 credit cards this month!"

FIne, give the people $300 hoping they will SPEND it to stimulate the economy HAHA, sure, by going out and buying products- most of which are now made in CHINA, so we''ll be enriching CHINA to the tune of $147 billion since hardly anything is made here any more- US companies have become little more than outlets for chinese goods.

Best stimulous is GET OUT OF IRAQ and that $250 million a WEEK cost!!!!!!!!!!!

[nothappyatall]

"Federal Reserve Chairman Ben Bernanke has signaled that he is open to additional help from the Democratic-controlled Congress"

Oh I see, so the rePUBIC CONS now want help from the dumbocraps to fix the probme the rePUBIC cons made, LOL

[ajaxtheleast]

BI-PARTISAN TOE TAPPERS THINK OUTSIDE THE BUTTT !

MANIPULATE BOTH DEM AND REPUB STIMULUS PACKAGES !

[b-easy63]

There is something about "Dr. Bush" proclaiming for months that the American economy (the patient) is strong, healthy and sound, then proclaiming that the patient is a "little under the weather" while calling a ''CODE BLUE'' and asking for a trauma team, cardiac team and other life saving medicines and equipment; that says "Disaster, mayhem and ill health" that no amount of reassurance can dispel.The man is a known liar. The only ones who buy that the comatose patient is just ''fine'' or will be after being intubated and hit with the electric paddles--are the Republican faithful. They have several advantages from the world and the rest of America--they never dwelled in reality anyway, and they drink a marvelous, super sweet brew comprised of lies, corruption, mind control and sugar. It gives them happy thoughts--but is not long on the truth.

"Don''t panic, we''ve got everything under control, followed by life saving measures Americans have never engaged in--means we are even worse than anyone is saying."

Congress & Bush--"We know, we will bail the entire country out--by giving them some money to give to businesses--we won''t make sure they have jobs that pay enough to keep it going, won''t do anything about no health benefits or high fuel or food that siphons off their money--we''ll just give each some money and tell them to spend it on stuff"

Why don''t they just hand it to the Businesses and skip the middle men? SAD

[glossypan]

George Bush keeps his perfect record intact - many chances to avoid, resolve or ameliorate crises - the wrong answer every time.
Fast taking the economy into feudalism, often with the lords of the liege residing in Dubai,China or Saudi Arabia.

[jjp735i]

We here inthe US also doubt Bush''s stimulus.
We doupt anything coming from him.

[b-easy63]

I remember when life was smooth ,back in the day.Gas was like 35 cents a gallon,cigarettes where about 65 cents a pack.
Posted by swwils at 07:50 AM : Jan 21, 2008


When gas was .35/gal, cigarettes were .30/pack and it was 1974. Bread was 4/1.00.

Now, bread and milk are already up--but to go back to 1974 for data, lends you no credibility. WE only need go back to the days of Clinton: 1999: gas was .99/gal, in 2000 gas was 1.27/gal, bread was about .59/loaf and milk was 1.59/gal, ground beef was .99/lb.

Then comes Bush, gas goes to 3.00/gal, milk is 4.19/gal, we get a war, ENRON, scandal after scandal involving defense contracts, torture, treason (outing agents) lies, lies and more lies, erasing of emails, death, mayhem, destruction, vets in roach filled rooms, vets forced to forgo or wait for care, lies about Lynch and Tillman, the world unraveling, and on the home front, bread is now 2.59/loaf, ground beef 3.99/lb.

Republican style progress--full speed ahead into the ground--while everyone else decries it and GOP faithfuls declare that life has never been so wonderful, nor the country sooo secure, and what mud? Everyone knows blue skies always look brown and grainy* doesn''t it? LMAO


*Brown and Grainy--to the country because we are pell mell into the ground--B & G to the GOP--because their normal state is their heads up their arses.

[hypnotoad72]

Money for nothing and the chicks for free?

Looks like we''re a global market after all.

The US needs to stabilize itself - then the world won''t start collapsing in its wake.

All or nothing.

Let''s try to save all.

There are ways... (even with gas; live closer to work, walk when possible - hard in some winters and even I have to do so in the winter, but am working to improve.)

If we do our part, we will prosper again. The world will continue to prosper. There is a future.

The doom and gloomies can bugger off.

[b-easy63]

"On the rival National Stock Exchange, the 50-share S&P Nifty index fell 491 points, or 8.6 percent, at 5,213.85. "

Just a few days ago, Mudrose was bragging about the rise in stock from its fallen place to a new attempt to climb out of a hole--then it fell again...haven''t heard a thing about the market from him/her since.

What was that mudrose? Pffffffffffffffft? LOL

[rowdytexan2]

Well now, this is just priceless!

[omega39-2009]

o we''''ll be enriching CHINA to the tune of $147 billion since hardly anything is made here any more- US companies have become little more than outlets for chinese goods.
Posted by newster1

Yes but look at the positive side for everyone but the middle class. More goods purchased means increased production equals more jobs being created in China. Increased sales mean bigger bonus and Salary for CEO. Increased sales temporarily raise stock prices until the Rich take profits. Win-win for everyone, except the shrinking middle class that will be expected to pay it back.

[fstop100]

Do you think Bush cares about the middle class?
As long as the rich are getting richer.

[b-easy63]

One thing about a "global economy" When your trading partner falls--it has a domino effect.

Consider this stupid scenario--getting rid of a country''s ability to produce their own steel, textiles, food, fuel, etc then devaluing their own currency so when they have to buy it all from foreign countries, they can pay the most possible--that is NAFTA, CAFTA , etc in a nut shell--it took the stupidity of not seeing the danger of interconnection, as well as destroying one''s own autonomy and production capacity to create such a monumental fvck up as we have now--the only thing missing was a bunch of financial misadventures sooo huge and irresponsible, that the money drain would expose the stupidity of the shell game--then along came Bush and his war of choice--and we now have the perfect mess.

[b-easy63]

Win-win for everyone, except the shrinking middle class that will be expected to pay it back.

Posted by omega39 at 09:07 AM : Jan 21, 2008


Don''t forget, part of the middle class who will be expected to "pay it all back" and who also is expected to pay back the bail out of banks, and mortgage companies and who also had to pay for the last hand out to Americans--WILL AND HAVE NOT RECEIVED A DIME. SOME OF US ONLY PAY OUT WE DON''T EVEN GET THE STUPID AZZZ REBATES. I suspect most of the people posting here will get those rebates and despite their grumbling, spend them--here''s hoping they spend them on their bills and stocking up on canned goods--I''d like to think I was paying for more than a bail out that will not work.

[myidoncbs]

"Investors Unimpressed By Bush''s Plan To Avert U.S. Recession"

No surprise there! NO ONE, other than a loyal Bush groupie, is impressed by "Bush''s Plan"!

From Wiki:
In the United States the official designation of recessions is done by the business-cycle dating committee of the National Bureau of Economic Research, which defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months." A recession may involve simultaneous declines in coincident measures of economic activity, such as employment(check), investment(check), and corporate profits(coming soon to all but the weapons dealers!). Recessions may be associated with falling prices(nope), or, alternatively, sharply rising prices(YUP!) in a process known as stagflation. A severe or long recession is referred to as an economic depression. A devastating breakdown of an economy is called economic collapse.

And guess where we are headed, thanks to the "MBA President" and his reckless borrowing and spending!

PS Here''s a pic of little Georgie holding hands with his girlfriend:

http://www.whitehouse.org/administration/images/georgew-v2.jpg

[b-easy63]

Maybe it was the image of American Banks rushing around begging for bail outs from the very sector we declared war on--that has so many people worried. Face it, when a country has to go crawling to outsiders and tries to sidle up to the kind of people they invade, torture and lambast for years....times must be bad--and then to find those same countries helping, means we be fvcked by the mf''s that we claimed we will fvck up. Who owns who?

I mean, if you saw someone routinely visiting check cashing fronts, begging for money and seeking debt counseling as well as running around asking everyone to help them out--would YOU think they were financially solvent? Lmao

[speakinup]

That''s it liberals - deal with EVERYTHING except reality!

I''m always impressed by how much power the far left thinks the President has. So, what about the Democratic House of Representatives, and the Senate ?



Gee, and what happened to all those idiot would be federal reserve far left libs that spout dire warnings about china dumping our treasury bonds ?

THE SKY IS FALLING - THE SKY IS FALLING!!!!!!!

This is just a taste of what would happen to their markets. Do you think for even a minute they like seeing THEIR markets go down.


HELL-OOOOOOoooooo!!!! EARTH TO FAR LEFT - EARTH TO FAR LEFT!!!!

China is NOW in the world economy, and they have no CHOICE to play the game!!!


Let''s not hear that foolishness again.

[crater7]

ADD THIS LATEST MINDLESS BLUNDER TO THE ENDLESS LIST OF THE BUSH ADMINISTRATIONS FAILED POLICIES.

RUN LIKE A BUNNY.


HEE-HEE-HEE

[b-easy63]

China is NOW in the world economy, and they have no CHOICE to play the game!!!


Let''''s not hear that foolishness again.


Posted by speakinup at 09:24 AM : Jan 21, 2008


And just WHAT is the game? LOL Playing a game does not mean that somebody does not lose--someone always does and there is no guarantee that China at some point, does not pick up their ball and move somewhere else---nothing says they have to save us--even if they want to--because no matter how cheap their goods--they can''t make Americans buy them. People can''t afford the 3/gal gas and the high food prices. China can''t change that, nor can Bush and a few dollars--because after the bail out money is gone--Americans still can''t afford the high food and gas prices and to keep buying cheap China junk, they do not need. THIS IS A FACT. As for Congress and the spending--it was controlled and misspent by the GOP for 5 of the past 7 years, at a rate unseen ever in US history--the comeuppance for a war of choice and all the lies and deceit that made it possible.

[donbl1]

Concerning recessions......about all "any" government can do in the short term is cause damage in the long term.

We are at 5% unemployment. That is not the Great Depression (20%). Remember, this is a political year and the party out of power in the White House will claim the economy is near the depths of depression. Get Real..... Don''t get sucked into the sound bites.

[donbl1]

One last thought.....

From reading these forums,,,,, I had thought America was not that important.

Well, America sneezes and all the lesser countries get the flu. Maybe, they should be stronger allies and we might be more interested in their welfare...............

[b-easy63]

America NEEDS this recession and we need it to be long, nasty and devastating. It is the only way to really learn the lessons of global dependency and the folly of spending money for unneeded wars, for outsourcing, for insourcing, and for having lives full of unnecessary, junk and for being so self centered and materialistic.

This recession (which may end up being a depression) pulls back the curtain on the government lies, lifts up the shell to reveal no ball under it--in the shell scam, shows the Ponzi scheme to be the pyramid scam it is--and makes all of us realize we are only as strong as what we can produce and defend ourselves--not what we can buy from others and start wars about.

Al Qaeda wrecked the Russian economy and revealed communism to be a failed system, in the end, what will it reveal about the American brand of capitalism?

"WHEN THE CREED IS GREED, THE COUNTRIES BLEED--AND NOT JUST THE ONES WE LIE TO INVADE" PAYBACK IS A MF.

[obamagrls-bf]

US impact on foreign market has drastcally reduced. with China''s rise in every sprectrum..

- Religion / faith
- Education
- extreamly less unwanted expenses for war in others land and foreign aid.
- Have the best Space military ..much stronger than Russia, America and India.
- and most importantly people are not dependent on media or their parliament.


$150 billion needed to recover from the reccession where as American authorized trillion dollars to kill people of other land

[piercetheval]

...HOW HIGH''S THE DOLLAR MAMA...55 CENTS AND FALLING [with apologies to J. Cash]...The moment ''Lil $eizures'' lips started moving they knew it was a lie...Can you blame ''em? The battles will continue until there is only one "DOLLAR SUPREME"...OUR LORD AND SAVIOR..JESUS CA$H!

[donbl1]

b-easy, you are in an alternate reality......

[b-easy63]

and most importantly people are not dependent on media or their parliament.


$150 billion needed to recover from the reccession where as American authorized trillion dollars to kill people of other land



Posted by OBAMAGRLS-BF at 09:38 AM : Jan 21, 2008

First, we don''t have a fvcking parliament. Second, the 150 Billion will NOT stop the recession, it will only postpone it--people who cannot afford to buy right now, will also be in the same jobs and will not be able to afford to buy after the 150 billion is spent. There is no buying of a recovery, any more than a bum who "borrows some money" can think he is out of the hole.

We will add 150 Billion to the deficit, businesses will get a little money BUT when the smoke clears, they will not invest because they have enough sense to know--that if people don''t have the money to keep the economy going now, then even a few months later, they will still NOT have the money. Not when gas and food are sooo high. Even if the money created jobs--so what? Over 95% of Americans work now--they are not buying. Why? Because they can''t afford to. NO amount of new McDonalds or Walmarts or other places will increase the salary or lower the price of gas and food--without that--they''d rather not buy any new junk, they don''t need--thank you very much.

[b-easy63]

b-easy, you are in an alternate reality......


Posted by donbl1 at 09:42 AM : Jan 21, 2008


From you--you got that right--unfortunately, my reality will quickly nullify yours and you will be brought back to the real world--where Bush is a lying sack of monkey *** and that stuff you thought was chocolate is the residual from getting your version of reality from having your head stuffed up Bush''s and yoru own azz.

[donbl1]

The declining dollar and the squeezing margins from overseas suppliers may have a stronger effect on their economies than the current US slowdown.

Why squeezing margins? Fear to lose their market share in the richest country in the world. So, with the declining dollar they have no choice but eat the currency fluctuation thus the declining margins.

[piercetheval]

HEY donbl1, the reason we have only 5% un-employment and not 20% is because [and I''ll break the news to you as gently as I can]...IS BECAUSE WE HAVE A FREAKIN'' WAR ON YOU MORON! HOW MANY DO YOU THINK ARE CURRENTLY EMPLOYED BY THE SO CALLED WAR ON TERROR, ALL TOLD?...HOW DOES A REPUGNANTCAN CAPITALIST PIGGY SPELL RELIEF...CLASS???...THAT''S RIGHT, THEY SPELL IT "W"..."A"..."R"...[AND THAT STARTS WITH "W'' AND RHYMES WITH "***"!]..oh AND SPEAKINUP...JUST WHAT REALITY DO YOU SUBSCRIBE TO?

[donbl1]

b-easy, no President is that powerful even your bogeyman.

Use education to analyze the problem and not hatred nor sound bites.

[donbl1]

behind the vale,,,,,, the war has caused expenditures approaching the full employment curve (Laffer''s Curve). To that extent, the war has caused lower unemployment and prosperity with minimal inflation risk.

That is not the reason for this war....... FDR knew that WWII would pull America out of the Depression but I do not think that was this President''s goal with the Iraq War. His reasons were more strategic.

[jn122736]

Just a few days ago, Mudrose was bragging about the rise in stock from its fallen place to a new attempt to climb out of a hole--then it fell again...haven''''''''t heard a thing about the market from him/her since.

What was that mudrose? Pffffffffffffffft? LOL
Posted by b-easy63 at 09:00 AM : Jan 21, 2008


Wonder what happenned to all them proud repugs ?? Don''''t see none of em yet - wonder what they''''re biting on right now ...... Muddy, Infidel, mike, Rangerdahl, slim1ho any repugs ???

Posted by parrot2 at 09:04 AM : Jan 21, 2008
~~~~~~~~~~~~~~~~~~~~~

The answer is very simple.
Speaking the truth and honest facts requires little or no formulating, while lies and subterfuge take a while, even for the experienced.

[b-easy63]

he declining dollar and the squeezing margins from overseas suppliers may have a stronger effect on their economies than the current US slowdown.
Posted by donbl1 at 09:46 AM : Jan 21, 2008


blah, blah, blah, blah, blah, blah, blah...you have to excuse most of us, if we don''t want to play economic jargon, supply side, word masturbation games with you--we don''t make enough to pay for gas, high food and utility bills AND buy useless junk--most of us have jobs---so Bush or you spouting or juggling the economy info does not change that.


Declining dollar=result of printing more money with no value to back it.
This is real life--we can''t afford to keep spending when we don''t have the money--unlike Bush, most of us don''t have money printing presses in our basement--not that it matters, since his money printing is creating our massive inflation--but I digress--get it through your pointy little head--if 95 of America is supposed to be working and they can''t afford to keep paying their bills AND keep spending, then how will 150 billion to give to businesses change that dynamic? Will a new job for a laid off person put money in the pocket of the 95% who already stopped spending? Will giving money to China or businesses, raise the salaries of most workers that has not changed much in the past 7 years? No? Then no spending even now--face it Skippy---Bush is a *** up and his fake accounting bs is beginning to show itself. LMAO

[obamagrls-bf]

if people think seriously about Farming .. they woould become 5 times richer.

I dont understand why to spoil lives of others ... and Iraq, iran , pakistan , nort korea are not as potential enemys as Russia and China...

we should not assume and attack .. in todays world there are many contries have the capabilities to destroy the world in couple of days ...

with advent of technology we invented many constructive good as deadly weapon....


we can not sell F16 to pakistan and India and sametime preach peace...

People are not fool...

Its gud for amerifca not to pay attention in other coutry .. god has given them more than what they need...


Poor countries where people exploited for hinger and they become terrorist...


America has everthing why to worry about others ..


I know this time america wud elect a pro-war person like McCain, Julliani, Clinton not anti war people likes Dodd, Obama, Ron Paul ......


whats wrong with people .. I cannt understand

[omega39-2009]

WILL AND HAVE NOT RECEIVED A DIME. SOME OF US ONLY PAY OUT WE DON''''T EVEN GET THE STUPID AZZZ REBATES. I suspect most of the people posting here will get those rebates and despite their grumbling, spend them--here''''s hoping they spend them on their bills and stocking up on canned goods--I''''d like to think I was paying for more than a bail out that will not work.
Posted by b-easy63

B-easy, sorry you won''t be joining many of us in the caviar nights and champaign dreams. For what it is worth, I will be combining my bonus with my rebate and paying off my credit cards, I will be ready when the next round of layoffs hit.

[donbl1]

Thank you MLK......

Today the World Markets take a hit.

Our markets are closed!!!!

So, by the time our markets open, the World Markets may have recovered somewhat AND Wall Street will have time to calmly evaluate the situation and we may not suffer the magnitude of the global drop.

Heck, even the FED may take action by tomorrow morning......

[b-easy63]

behind the vale,,,,,,
That is not the reason for this war....... FDR knew
Posted by donbl1 at 09:51 AM : Jan 21, 2008


Please tell us you meant to write "veil" not vale--and we all know Bush''s reasons--either to show his daddy he was not the all time fvck up as usual, and to combine his need for validation with oil, a strategic place to watch over our new oil position and to increase market share--as for discussing the war, economy or any other issue with neo cons--you negated your option for intelligent discourse, when you continued to defend, justify and ignore the futility and ill thought out policies of YOUR Republican choice for the Presidency. From that point on, you underlined a lack of judgement, a surety of denial of reality, and a disregard or intent to even remotely understand the ramifications of American policies in the world.

[donbl1]

b-easy, you sound like a liberal arts person...... read WSJ for a year and learn how the world really works. Not as good as an MBA but it is about the best you can do for $176/year.....

[rowdytexan2]

Posted by speakinup at 09:24 AM : Jan 21, 2008

You forget that the republican Neocons have been in control of our government and systematically raped the middle class.

The comeuppance time is here. We''re out of money and can no longer purchase all the krap the rich elite have used to rape us with.

It''s time to cut up the credit cards and stop paying interest on money you didn''t have in the first place, and get rid of your gas guzzling vehicles. It''s time to decide what one must have to live. Your daughter having 14 barbie dolls in NOT a necessity! The rich elite spoiled us while they raped us! Now it''s time to get real and start living on our earnings.

The government needs to cut off everything but help with education, and health care! It''s time for people to get off their arse and put food on their tables!