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Author Topic: McCain Boasts Economy Strong..While Dow and S&P both drop 5%  (Read 1634 times)

Offline bj229r

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Re: McCain Boasts Economy Strong..While Dow and S&P both drop 5%
« Reply #60 on: September 16, 2008, 06:43:04 PM »
Quote from: Mojava on September 16, 2008, 09:10:01 AM
 
   The taxes will go back to what they where when we had a bipartisan plan to balance the US budget.  It's a repeal of the Bush tax cuts.  Seeing as 90% of Americans will get a tax break, I think it's a great idea.  
Only problem is 40% of Americans pay no taxes at ALL (and the first 10% pays half of ALL taxes, thanks to endless mantras of 'tax-breaks for the rich')

Am I the only one who is nervous about a country where the vast voting majority is voting to confiscate money from the rich minority and give it to lesser earners?
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Offline Shuckins

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Re: McCain Boasts Economy Strong..While Dow and S&P both drop 5%
« Reply #61 on: September 16, 2008, 06:43:38 PM »
Deep knee-bends?  It needs to strengthen its underpinnings.
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Offline Holden McGroin

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Re: McCain Boasts Economy Strong..While Dow and S&P both drop 5%
« Reply #62 on: September 16, 2008, 07:38:57 PM »
Quote from: MORAY37 on September 16, 2008, 05:59:21 PM
2: Name a financial crisis, worse, within 50 years.

1987 the stock market plunged 25% in a single day.

AIG bailout is reminicent of Chrysler and S & Ls

WJClinton was elected because of "the worst economy in 50 years"
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Offline Yeager

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Re: McCain Boasts Economy Strong..While Dow and S&P both drop 5%
« Reply #63 on: September 16, 2008, 07:39:08 PM »
Quote from: myelo on September 16, 2008, 06:33:51 PM
Our economy goes to the gym 3 nights a week.
splain?
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Offline bj229r

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Re: McCain Boasts Economy Strong..While Dow and S&P both drop 5%
« Reply #64 on: September 16, 2008, 08:14:41 PM »
Quote from: Holden McGroin on September 16, 2008, 07:38:57 PM
1987 the stock market plunged 25% in a single day.

AIG bailout is reminicent of Chrysler and S & Ls

WJClinton was elected because of "the worst economy in 50 years"
In fairness, AIG has a liquidity problem, not an insolvency problem
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Offline alskahawk

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Re: McCain Boasts Economy Strong..While Dow and S&P both drop 5%
« Reply #65 on: September 16, 2008, 08:33:06 PM »
Quote from: bj229r on September 16, 2008, 08:14:41 PM
In fairness, AIG has a liquidity problem, not an insolvency problem

 More of a management problem. Lack of liquidity is a symptom of financial mismanagement. Rules of financial management aren't complex. They just require some discipline.
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Offline Shamus

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Re: McCain Boasts Economy Strong..While Dow and S&P both drop 5%
« Reply #66 on: September 16, 2008, 08:52:09 PM »
Quote from: bj229r on September 16, 2008, 08:14:41 PM
In fairness, AIG has a liquidity problem, not an insolvency problem

That's just silly, if that were true they would just sell an asset or two and not have to run to the government for salvation.

shamus
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Offline Bodhi

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Re: McCain Boasts Economy Strong..While Dow and S&P both drop 5%
« Reply #67 on: September 17, 2008, 07:30:57 AM »
Quote from: Shamus on September 16, 2008, 08:52:09 PM
That's just silly, if that were true they would just sell an asset or two and not have to run to the government for salvation.

shamus

On the level AIG exists at, there are very few that are going to be willing to tackle the amount of cash needed to ensure AIG's survival.  The repercussions of an AIG collapse would be felt far beyond the borders of the US.

Let's just hope that the idiots in charge of this debacle actually face some form of punishment instead of being issued golden parachutes.
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Offline myelo

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Re: McCain Boasts Economy Strong..While Dow and S&P both drop 5%
« Reply #68 on: September 17, 2008, 08:45:27 AM »
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Offline Toad

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Re: McCain Boasts Economy Strong..While Dow and S&P both drop 5%
« Reply #69 on: September 17, 2008, 09:24:38 AM »
Quote from: myelo on September 16, 2008, 06:33:51 PM
Our economy goes to the gym 3 nights a week.

True, but only to ogle the wimmin.
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Offline MORAY37

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Re: McCain Boasts Economy Strong..While Dow and S&P both drop 5%
« Reply #70 on: September 17, 2008, 12:26:06 PM »
Dow's currently down.... 375 points as of right now.  Hmmm.
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Offline Yeager

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Re: McCain Boasts Economy Strong..While Dow and S&P both drop 5%
« Reply #71 on: September 17, 2008, 12:57:00 PM »
I want to axe you a question.....mind if I axe you a question?
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Offline Hangtime

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Re: McCain Boasts Economy Strong..While Dow and S&P both drop 5%
« Reply #72 on: September 17, 2008, 12:57:31 PM »
yes... no.... what??
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Offline Yeager

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Re: McCain Boasts Economy Strong..While Dow and S&P both drop 5%
« Reply #73 on: September 17, 2008, 05:28:18 PM »
I was axing him to splain what he meant and he called me english, man.
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Offline Hangtime

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Re: McCain Boasts Economy Strong..While Dow and S&P both drop 5%
« Reply #74 on: September 17, 2008, 05:29:48 PM »
oh.. well that's unnerstansible.
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