Hoo yeah! The economy's ON FIRE!
POSTED BY: SignyM
UPDATED: Wednesday, March 5, 2025 02:39
VIEWED: 7512
PAGE 1 of 7
But not in a good way.
Big selloff on Wall Street
Dow, down 360 pts.
http://money.cnn.com/2007/11/07/markets/markets_405/index.htm
Dollar hits new lows, lashed by China reserves view
www.reuters.com/article/hotStocksNews/idUSKIM17880720071107
Biggest Slump in US Housing in the Last 40 Years
www.rgemonitor.com/blog/roubini/142759
We have eight years of Bush's aggressive "trickle down" economics to thank.
THANKS, MR. BUSH! 
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Always look upstream.
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How many quarters of positive growth you overlook, and 1 bad day, it's all Bush's fault ?
Trickle down works. Always has, always will. But there will always be bumps in the road. Lots of forces impact the market.
Adjustments happen, and only the foolhardy will make this out to be more than it really is.
"Hillary tried to get a million dollars for the Woodstock museum. I understand it was a major cultural and pharmaceutical event. I couldn't attend. I was tied up at the time." - John McCain
It is not those who use the term "Islamo-Fascism" who are sullying the name of Islam; it is the Islamo-Fascists. - Dennis Prager
" They don't like it when you shoot at 'em. I worked that out myself. "
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The economy hasn't been right for years now, despite the happy happy official numbers...unless you were well off to start, that is. It's been great for billionaires, a whole new crop of 'em have appeared!
But we working class stiffs (non-millionaires, that is) are continuing to lose. (You too, AU)
The numbers are just getting bad enough now that they can't hide the recession we are spiraling toward. And this won't be a short one.
So yeah, THANKS Bush, I'm sure your friends appreciate how you've managed to dump cash in their coffers, as well as American bodies in coffins.
The last angry Chrisisall
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Trickle down doesn't work, never has never will. Rich people getting richer, doesn't make everyone richer, it concentrates wealth in the hands of the elite. It's backed by the evidence, where you have tax havens, you have widening gaps between rich and poor, you also have lower social mobility.
In responce proponents of 'trickle down' respond with some vague hand waving about the rich spending more. But if they're getting richer they're spending a lower percentage of what they're makng, it's simple math.
More insane ramblings by the people who brought you beeeer milkshakes!
No one can see their reflection in running water. It is only in still water that we can see.
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"1 bad day"
By my calculation, the stock market has been in the hole (in constant dollars) the entire Bush - what shall I call it - regime. Today it went even further down.
When it hasn't been your day, your week, your month, or even your year ...
... or seven.
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"Global warming - it's not just a fact, it's a choice."
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Oh, but Rue LOOK!>>> 6
That's an official number, and it just told me our economy is fine!
Must re-evaluate Chrisisall
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I ... see, I think .........
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"Global warming - it's not just a fact, it's a choice."
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Quote:That's okay, official numbers often befuddle folks...
Originally posted by rue:
I ... see, I think .........
Chrisisall
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Quote:Didn't we go thru this b4? That "growth of federal revenues" which was really in decline for so many years when adjusted for inflation, which JUST came back up to Y2000 revenues? (Bet THAT goes into the toilet soon, too!
How many quarters of positive growth you overlook, and 1 bad day, it's all Bush's fault ?
) Also, you don't get to the "worst housing market in 40 years" and "historic lows for the dollar" in "one bad day". But that's what comes when you lack sounds economic theory... everything's a surprise! (I'll betcha dollar to doughnuts you were shocked... SHOCKED, I tell you!... by 9-11 too. That's what comes of not having a sound view of world politics either.)
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Always look upstream.
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Quote:
chrisisall contradicts himself : despite the happy happy official numbers...unless you were well off to start, that is. It's been great for billionaires, a whole new crop of 'em have appeared.
If no one did well, then how come there are so many NEW billionaires ? Explain.
The economy has been doing great, and there's nothing a rational person can say that changes that. Why did Bush's tax cuts work for so long, but just NOW aren't ? I'll tell you why...the markets fear the Democrats taking over, raising taxes and stunting the steady, healhty growth that has been going on under Bush's 2 terms.
"Hillary tried to get a million dollars for the Woodstock museum. I understand it was a major cultural and pharmaceutical event. I couldn't attend. I was tied up at the time." - John McCain
It is not those who use the term "Islamo-Fascism" who are sullying the name of Islam; it is the Islamo-Fascists. - Dennis Prager
" They don't like it when you shoot at 'em. I worked that out myself. "
NOTIFY: N | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME