Posted on 09/26/2008 6:37:32 AM PDT by semantic
IMHO, this will be a pivitol point in the future of this Country. From the looks of it now, it’s not good. We are rapidly approaching the cliff.
And this helps me understand or augment the content of this thread how?
CNBC is really slamming McCain this morning. They seem to think the bailout is a no brainer and McCain and the house republicans are holding it up over politics.
If you love to play sports, and want to continue to improve, an outstanding training method is to watch others and learn the good and bad in the techniques they use. if they are on TV, generally, they are close to the best in the game.
Yeah, I was agreeing with you.
McCain needs to get out there and list what HE wants for a solution, a free market solution without all the earmarks and freebies. And no, no ACORN!!
Probably all of those saying that are in this up to their eyeballs and want their piece of the bailout pie.
That is one way to look at it. However, there are only so many hours in the day. I’d rather be using them to ride my bike or play golf than watching others do it. If I want to improve that much I’ll get a training video and REALLY ramp it up.
I also don’t do commercial breaks.
Black Friday, oh please.
If this were a real disaster, traders would sell immediately REGARDLESS of what the government was planning to do.
The fact they’re WAITING proves beyond the shadow of a doubt that there is no impending doom here.
We have seen some failed financial institutions hit the news wire after markets close on Friday. This follows with news at the end of the weekend that the government is handling the issue.
I believe that the reason such urgency is getting pushed by the President is because several financial institutions are going to be announced after markets close today. The government would like the bailout money to be available to handle all those institutions this weekend.
But, this isn’t even the big issue. The truth is that the market can work itself out. It can let bad businesses fail and correct the market bubble. The big issue is threat of Americans in some areas or all areas of the country to overreact to all of the failure news and make a run on the banks and the gas stations after the news hits the wire.
It is that potential overreaction that the market cannot control. In other words, it is very easy to make this a depression rather than just a recession.
If this deal does not go through, deflation could really put a damper on gold.
“If you love to play sports, and want to continue to improve, an outstanding training method is to watch others and learn the good and bad in the techniques they use. if they are on TV, generally, they are close to the best in the game”
I would have to argue that the preponderance of people who watch sports are out of shape and long past their playing days...I think it highly anti intellectual to follow sports with such irrational exuberance..
“CNBC is really slamming McCain this morning. They seem to think the bailout is a no brainer and McCain and the house republicans are holding it up over politics.”
they don’t think it’s a no brainer; they are VERY concerned McCain is going to derail their gravy train. And when I say ‘their’ I mean their tight nit group of cronies in the investment banking industries that WANT this cash.
“they don’t think it’s a no brainer; they are VERY concerned McCain is going to derail their gravy train. And when I say ‘their’ I mean their tight nit group of cronies in the investment banking industries that WANT this cash.”
very well said...everyone has an agenda, and they are all short term agendas. my god we need a monarchy.
Fast grab O links:
HELLO: To all you who know the world is coming to an abrupt end take note. IF that is so, it will not matter what you own. As you sell your stocks, bonds and sanity remember a greater fool than you bought them. In five years he will be your landlord and as you pawned your future away.
If a person was oblivious to the current news, the dow/nasdaq/sp500 graphs look like a lot of other days during this roller coaster year.
I have a feeling it will eventually break one way or the other thought.
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