[quote]dhickey wrote:
hankr wrote:
Wow. Let’s all just take a deep breathe shall we? Obama is just another pol. So is McCain. Both want to grow gov’t - just in slightly different directions.
Neither will be able to do much, given the severe recession coming next year. Tax receipts will be way down, and maybe, just maybe, we will start living within our means again.
Are you kidding me? When’s the last time we lived within our means? Gov’t living within it’s means does get them campaign donations and it can’t buy votes. Never happen.
There won’t be a dictatorship here. There won’t be riots in the streets. There will be a rough couple of years, and we will sort things out, then the economy will start growing again.
You really need to explain to all of us how the market will grow with the increase in taxes Obama is talking about. It’s bad even you just look at the percentages he is talking about. If you look at what he plans to spend it’s much, much worse.
It’s gonna be OK guys, really. Is it really so hard to believe that those who disagree with you on some points of policy can also be rational human beings who want the best for our country? Maybe they even want the best for you and yours. I know I do, regardless of where we agree or don’t.
As far as the bailout, I doubt that there are 5 people registered on the site that can give a coherent explanation of what is wrong and why the bailout is or is not a good idea.
There are a few more than 5. Maybe you should read some more posts. There are actually some posters here that are very sharp when it comes to economics.
How many of you could explain what a credit default swap is, and what role they played? Do you know why England is about to sue Iceland? Got any idea why the DOW looks like a ping pong ball?
I have learned more about economics than I ever wanted to in the last few weeks, and have read a ton of stuff, but I think I have only a fuzzy grasp of the overall issues. It is a very complex situation.
shit, you’ve been reading for a couple of weeks and you can’t figure it out? no one could possibly know what going on. If you can’t figure it out in a couple of weeks it’s incomprehencable. brilliant.
Bear in mind, even a lot of the experts are not sure what to do. So when I see people pontificating on forums and on TV - esp the “everyman” who most likely knows less than nothing, it is both funny and sad.
The market knows what to do. gov’t intervention can only make thinks much worse. If read any economics or history you would already know this.
(Yes, I know - I’m no different - but at least I have been trying to understand it. Some of the posts above reveal a marked lack of effort to do so.)
I can only suggest you keep reading. Try a book.
I can tell you this with a fair degree of confidence - I reflexively shy away from gov’t manipulation of the markets, but we are WAY WAY past that this time.
We now have entire countries going bankrupt (see Iceland). We need a co-ordinated int’l effort to keep this from turning into something much worse than just another recession. But - that is happening as I type. The summit this weekend looks (at least as of this writing) as if it will produce the beginnings of a solution.
BTW - it (the bailout)has morphed yet again. It is not at all what it was when passed. Now the US will be taking an ownership stake in the banks - at least we will get something for our money this way. Maybe.
Good one. We already own 100% of the largest bank. What has that gotten us?
I am so smart, I even know exactly what you - yes you, the guy that is really upset and angry - should do. Get in a really hard w/out. Have a good meal. Make love with your sweetie. Get up in the am and repeat. Aside from voting, it is all you can do anyway.
Well, it’s definitely all you can do. We’re probably better off if you don’t vote though.[/quote]
And if someone says something you disagree with, the only possible thing to do is get angry. 
I see the markets are up this am. Rather than respond item by item, I will simply declare you the winner.
And repeat - let’s all just chill. It’s going to be OK.
There is not going to be a revolution. Please, just go to Wal Mart. Can you see those people revolting against anything but higher prices at Taco Bell?
“When in trouble, when in doubt, run in circles scream and shout.”