Aces High Bulletin Board
General Forums => The O' Club => Topic started by: Curval on July 22, 2002, 08:39:00 AM
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blame the friggin media......
Worldcom declares bankruptcy? Actually this is a voluntary reorganisation under Chapter 11...not a fully fledged bankruptcy. But...bankruptcy makes better headlines.
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There is one difference between a healthy economy and one that isn't, at least IMO. That is public perception/confidence. Make everyone feel good, they will spend their money and things go good. Scare the piss out fo them, they hold their money like a little kid that has to take a leak and is doing the pee pee dance.
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Originally posted by Mathman
There is one difference between a healthy economy and one that isn't, at least IMO. That is public perception/confidence. Make everyone feel good, they will spend their money and things go good. Scare the piss out fo them, they hold their money like a little kid that has to take a leak and is doing the pee pee dance.
Exactly my point....the media is scareing the piss out of the public by putting up that kind of headline and erroding the public's confidence in the economy.
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Now here is something that everyone CAN blame on a president ... the ability to make Americas "feel" good about America.
Those that can, (Ike,Kenedy,Ragen etc.) no matter what they do in any other political arenas, allow the public to keep on keeping on. And no matter what the media shouts things are good.
Those who do not have this ability, always lead to unpleasantness in the general welfare and no amount of media trumpets can quell the rout.
Just my opinion, I could be wrong. ;)
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For some reason, the current administration can't convince the public that they are the right people to get tough on corporate thieves. Go figure....
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LOL..
If Kurt Tank was an economist, he'd be in the Bush Administration.
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Kurt Tank invented economists, bankruptcy and money.
So blame him.
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Originally posted by MrBill
Now here is something that everyone CAN blame on a president ... the ability to make Americas "feel" good about America.
Those that can, (Ike,Kenedy,Ragen etc.) no matter what they do in any other political arenas, allow the public to keep on keeping on.
I guess you left out Bill Clinton by mistake?
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Originally posted by Curval
blame the friggin media......
Worldcom declares bankruptcy? Actually this is a voluntary reorganisation under Chapter 11...not a fully fledged bankruptcy. But...bankruptcy makes better headlines.
Nov 2002
which party benefits most from a poor economy then?
which party has the media historically been their "pal" with?
the bigger the media scare, the better for the lefties. notice none of the talking heads are giving timelines "when" this corporate corruption took place - under whose watch??
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nope, a tanking economy couldn't be the fault of incompetent management or crooked corporate greed-heads, running companies into the ground, and laying off large numbers of workers...
it couldn't be the fault of the present adminstration that pushed through an large tax cut they said was necessary 'cause the said the economy was tanking...
blame it on the media, (that would be the 'liberal media', right?)
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what??? is the price of a blow job goin up again?
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What does the tax cut have to do with it? Oh yeah, you want to blame Bush cause you don't like him, so it must be all his fault.
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Originally posted by KG45
it couldn't be the fault of the present adminstration that pushed through an large tax cut they said was necessary 'cause the said the economy was tanking...
LOL , ur joking right
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hmmm, that part was badly worded.
don't need the media to talk down the economy. ol' dubya told us we needed that tax cut cause are economy was sucking, so much that we needed a $600 loan.
didn't help of course.
another bush prez, another recession.
glad i gots my money in my mattress.
and no i don't like dubya. but the title of this thread suggests that the media is responisble for a tanking economy for reporting bad news.
sorry, but the bad news is already here.
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I give Wall Street a big share of the blame for our current situation. Investors sent a messsage that they (we) would risk our money on any company that might be the Next Big Thing. Didn't matter whether that company had a product, profits, or reasonalbe cost/earnings. Nobody wanted to miss the next Xerox. So, hungry investors pushed up the price of ridiculously overpriced stocks, and expected those prices to keep on going up forever. Companies that wanted to attract investors' money saw that they had to "grow" as fast as Amazon.com, so they did so by acquiring whatever was for sale. Their real profits didn't grow, but the bottom line got bigger. When they ran out of companies to buy, they invented new accounting tricks to keep the illusion alive. A lot of CEOs got rich on the inflated stocks, but they were just along for the ride.
Investor's greed fueled the boom, now the bubble has burst, and those same investors are looking for someone to blame.
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Originally posted by midnight Target
I guess you left out Bill Clinton by mistake?
HeHe, Nope quite by design, I loathe the man, and did also long before he was elected. Therefore I gave him an etc. :D
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Oh, I see the light now.
Responsibility for the economy works like this:
Good Economy - Republican Congress / President (whoever is in power)
Bad Economy - Democratic President / Congress (same as above)
If however
Republicans are in power & we have a bad economy we have the following choices:
The most recent Democratic Administration (You are allowed to go back up to Roosevelt)
The Liberal Media
The most recent Dem. Congress
in that order.
So.....
Inflation of the 70's - Carter or the Dem Congress (Never Ford!)
early 80's - Carter again (most recent Dem)
Good Econ. of 80's - Reagan
Bad Econ of early 90's - Carter or Dem Congress (never Bush Sr.!)
Good Econ of 90's - Rep. Congress (certainly not Clinton :rolleyes: )
Bad Econ of 00's - Clinton / Liberal Media
Now isn't that simple?
:rolleyes: :rolleyes: :rolleyes: :rolleyes:
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There is no recession...sheesh.
I'm involved in commercial developement, dealing with national retail chains and corps everyday...we own banks as well...manufacturing inventories are up last month....business is thriving.
Retail sales were up the highest percentage in 6 years last month.
Sectors are hurting...not the economy as a whole.
The Democrats want the American public to think life sucks under a Republican Admin....just like they told us that Rupublicans were killing old people and starving school children.
If you guys would work harder and cry less, be productive and quit tellin us the sky is falling, things would improve faster.
Anyone who thinks that the overvalued market of the late 90's was real, much less, should have lasted, is an idiot.
I'll never forget when Clinton said, "we have defeated the business cycle".
No shame.:rolleyes:
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Ok, Back to FDR a popular war "always" makes for a good economy. And FDR made the country feel good about itself.
Harry did not have the gift.
Ike picked the people up and Kennedy kept them up.
LBJ, Nixon, Ford, Carter ... lets just get by and get it over with mentality prevailed among the people.
Carter had the best chance. But the most honest people are not always the ones to keep ones spirits "up".
Ragen found that what worked in one state did not work on a national level. But he also had the feel good gift and things got better over time.
Sr couldn't even ride a successful war.
Then we got another feel good about ourselves guy.
Jr. I have my doubts that he will make us get the feel good feeling.
And this is all about what makes for a good economy and not about what makes good politics.
Like I said Just my opinion.
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Originally posted by Rude
There is no recession...sheesh.
Agree 100%. Our company is having its best year ever. We just made a 2.2 million dollar expansion deal to increase floor space and output. Where is this recession?
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Listed here are the factors that contribute to a strong economy;
1. The American Worker
2. Free Enterprise
3. The American Worker
4. Moderate to low taxes
5. The American Worker
6. Moderate to low credit rates
7. The American Worker
8. Moderate to low levels of government intrusion (laissez-faire)
9. The American Worker
10. Burgeoning foreign markets
While a President can help raise confidence in the economy the ones who have the largest impact on the economy's prosperity are the ones who leave it alone. The same can be said of Congress.
By the way, you fellas who support higher tax rates must have better paying jobs than the rest of us. You must not need as much of your money as I do. I NEEDED the tax rebate that we got last year DESPERATELY! So quit whining about it will ya? If you kick up too much of a fuss, they might ask me to give it back!
It's MY MONEY YOU HEAR! MINE! After 25 years at this job I'm at the top of the pay scale at my school earning $35 thousand a year, yet I only bring home $27 thousand of that. SO SHUT UP WILLYA!
Cordially, Shuckins;)
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clinton did wonders for my confidence in nailing dimwitted secretarys. He damn neared wiped me out financially. I wont go into it. But here is a hint. NAFTA
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Rude and Midnight...thank you.
See guys...real examples of how "badly" the economy is doing right now!
Surprised? If you were at all then you have been convinced that the economic situation is as "bad" as it is by what...or whom?
Anyway, continue with the Democrat vs. Republican debate...I'll try and keep quiet:D
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Originally posted by easymo
clinton did wonders for my confidence in nailing dimwitted secretarys. He damn neared wiped me out financially. I wont go into it. But here is a hint. NAFTA
Would this be the same NAFTA that was also supported by Bush Sr., Reagan, Carter and Ford?
Just askin.
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Yes it is.
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What we are talking about here is confidence. The last time we had a "recession", It was completely the fault of the media. Countless people stopped spending money because they were told not to. I watched people who were not even remotely affected saying they would not spend as much that Christmas because of the "recession". People stop spending money, guess what, businesses suffer, people lose jobs, there's even less money to be spent. I'm not saying the media should not report bad news, but don't blow everything out of proportion. In this case, the more they yell the sky is falling, the better the chance it will.
And KG45, you seem to have a faulty memory. The tax cut was proposed because the government had more money than it needed. When things started to take a downturn and some wanted to get rid of the cut, Bush et.al. pointed out having this money out in the economy was, in fact, better than sitting in the governments pockets.
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By the looks of charting patterns, the market has bottomed out. The extend of the drop was definitelly due to economists poor projections to the media. It's currently at an unsubstantiated low, with a slow growth upside starting today, or the next few days. The real concern of this decline, is that it happened with economic upturn in a regular "summer rally" time. We're supposed to be making a LOT of money right now. People are selling because everyone else is. The next rally sector is supposed to be Gold and if it goes...it generally points to the end of the summer equities rally. So, keep your eyes on the mining market in the next couple weeks :)
It's not the media's fault though. It's the major market influencer's fault for giving the media a reason to dig.
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Wow, went up nearly 500 points today. Hopefully it keeps going up for the next couple days. I might actually survive some of my options. My guess is that it will slow down compared today as the market gets hit by profit takers. A lot of people have a lot of money to make up.
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Originally posted by TheManx
Wow, went up nearly 500 points today. Hopefully it keeps going up for the next couple days. I might actually survive some of my options. My guess is that it will slow down compared today as the market gets hit by profit takers. A lot of people have a lot of money to make up.
yep, just need more CEO's in handcuffs and the market will go through the roof :)
I think this is just a bump up, followed by a selloff and continue downward trend. We need to get past these huge swings and settle into a slow and gradual growth to finally advance