And the wall -of -seperation between investment and commercial banks that was torn down by Clinton (Gramm /Leach /Blilley.) . Originally Posted by WhirlawayYes the deregulation in the banks was the start.
I can’t wait to see this inept president out of office. If Obama isn’t elected, or if he starts trailing badly in the polls, watch how quickly the stock market turns around. He is so fucking anti capitalism he has scared everyone into cash positions. There has never been so much cash sitting on the sidelines. I took most my money out of the market the day that the market started crashing after the housing bubble. Sure I took a little hit, but not nearly as bad as those that rode it all the way down. After the worse seemed to be over, I got back in and made some pretty good gains. I got back out a couple of months ago and am pretty much back in a cash position.The market has done so well because over the last two decades because Greenspan dropped interest rates. He then allowed the banks to gamble and let them have all the profits and covered all the risk. That is not capitalism ... you stupid SOB!
How the hell can any investor feel comfortable with this guy in office? It’s one attack on free enterprise after another. Hell, I know Dems hate success, but even Bill Clinton had enough sense not to openly attack capitalism. Remember when Obama extended the Bush tax cuts, he immediately went on a tour touting how he was coming back for the rich later. Fuck, how confident does that make you feel?
How many times have you heard the Democratic leadership and Obama bash corporations for having historic cash reserves and not hiring? Are they that fucking stupid? Corporations are supposed to hire without additional demand? Yeah, why not? Business is down, all economic indicators are down, let’s just hire new employees to stand around with their thumbs up their asses! For God’s sake, can we quit electing so many fucking attorneys and get a few economists and business people in the congress and senate?
Watch how quickly the markets turn back around when we get this idiot out of office and money starts flowing back into the markets.
You voted for Obama to prove that you aren’t a racist, now vote against him to prove that you aren’t an idiot! Originally Posted by GymRat
The market has done so well because over the last two decades because Greenspan dropped interest rates. He then allowed the banks to gamble and let them have all the profits and covered all the risk. That is not capitalism ... you stupid SOB! Originally Posted by WTFReuters estimates that there is 11 trillion sitting on the sidelines right now. Watch what happens to the markets when Romney gets into office.
Reuters estimates that there is 11 trillion sitting on the sidelines right now. Watch what happens to the markets when Romney gets into office.I am sorry, it is you logic that is stupid. You may be a lil Angel for all I know.
BTW, why call me a stupid son of a bitch? Did I attack you personally? Kind of funny, it’s not the first time I have been called a stupid son of a bitch on a message board, but I can’t recall the last time anyone called me a SOB to my face? Originally Posted by GymRat
If only clear minds can prevail come November, then President Obama will be sworn into high office without fail.Gawd, you're funny! When will he start digging us out? So far, he's only dug us in deeper!
It is only when the timid masses are frighten by the unscrupulous scare tactics of those who would do anything to win the election that we elect imbeciles like Bush who run the country into the ground and cut taxes for their rich country club friends for their help.
. . . In four more years, President Obama will finish digging this country out of the worst economic hole it has been in since the Great Depression.
Originally Posted by Fast Gunn
Reuters estimates that there is 11 trillion sitting on the sidelines right now. Watch what happens to the markets when Romney gets into office.11 Trillion on the sidelines. No this country has a 15 trillion deficit. If Romney wins you won't see the market budge for at least six months. People will be to leary at first. Besides in the next five to ten years the value of the dollar will fall so low it won't be able to be used as the exchange currency. So invest what you can in Gold and Silver. This country has so much debt thanks to the Fed and Wall Street it can never be recovered. People are just wishing on a star for an economical recovery, it's never going to happen. We are a country of consumers not producers. Other Countries can't just make money they can convert the Dollar to their currency thats all. We just keep making money to buy goods. We don't really have a viable export to sustain ourselves. We just keep printing money but thats about to change. This country is on life support and the patient is the Dollar and it's about to die.
BTW, why call me a stupid son of a bitch? Did I attack you personally? Kind of funny, it’s not the first time I have been called a stupid son of a bitch on a message board, but I can’t recall the last time anyone called me a SOB to my face? Originally Posted by GymRat
Yes the deregulation in the banks was the start.I know right? Lmao... The republicans want even more deregulation of the banks, and good ole Mitt is running around saying if he is president he will do just that. Jeesh...let's really let the banks screw us and our economy over even more! Ugh....
CDO's and CDS were the primer that blew up the housing market though and that came during Bush.
Alan Greenspan had his hand in all of this.
Now the big question for you Tea Wackers.
ARE YOU NOW FOR RUGULATIONS TOWARDS THE BANKS or not?
Should we put that firebreak back up? Mitt Romney says no. I say hell yes. But really it is closing the barn door after the cows are gone. Originally Posted by WTF