Posted on 09/28/2006 6:40:01 AM PDT by RobFromGa
False statement.
The lower and lower middle class people are having an easier time of it then at any other point in history.
The economy is doing well, but certain people in it are not.
A half true statement. The true part is that of course in any economic climate you will find people who are not doing well. However once again there has never been more opportunity for doing well.
Ignore them at your peril.
They are not being ignored, they are being encouraged to join. Even you.
I remember that BS very well. I was on our church finance board and in charge of investments. I couldn't believe the battles I had with some conservatives who wanted to buy into Rubin's BS. Some of them lost up to 40% of the value of their IRA's, 401ks and other investments after the 2000 bubble break. The church made about 7% that year.
Back in 1999 and early 2000 when Time and Newsweek were running cover stories on how wonderful the stock market was and that you should just buy any stock with a dot.com after it and wait to get rich. They NEVER reported that many of these companies had ZERO revenue, ZERO profits and no business model that indicated that they would ever be profitable, yet everyone was encouraged to buy them.
What is amazing to me is how many of those stupid investors and so called workers of the Dot.com industry still blame GW for their bubble that burst in 2000 before GW was elected.
"I remember back in 2001 or 2002, the Commerce Department restated a lot of economic data from the late 90's; however, this was entirely ignored by the media. Basically, the Clintonistas did the exact same thing to the American people that Enron and others did to their investors. The Clinton economy was one of the biggest shams in history and the media conspired with them on it."
'Now that would be a story for a financial journalist to really dig their teeth into and do some reporting...Of course his career would be over but it would be a great book. It could be a bestseller..'
Maybe LS and his friend can do this.
BTTT
Wow. Aside from moderate losses in '01 and '02, my stock holdings have more than doubled in value since 2000. I don't know of people who have lost money consistently over that time period.
"Back in the mid-90s a Worldcom (of Bernie Ebber fame) study showed different case scenarios for the growth of the internet. The absolute best case model had it doubling every six months or so, well there was a short period in the mid-90s where it did double that quickly and many just decided it would remain that way. Worldcom got in trouble because they based their growth and profit projections on this best case scenarios, so when the internet stopped growing and quickly and started leveling out they had to cook the books to meet projections."
Bernie is another vunderkid of the Clintoons.
If the top 50 liberal controlled corporations were looked at like Enron has been, a lot of their rats would be in jail or facing jail sentences.
I hope somebody on this thread informed you that 11722 is not the all time high. Also, the S&P is still about 6% away from its all time high. But the main thing is that we could not have a market this strong without the IRS and the income tax.
"DOW PASSES ALL-TIME HIGH"
Bushs' fault?
Yeah, who was that confused and greedy kulak bastard? Shouldn't he be shot too?
This is just plain fun. :)
There are always going to be poor people. The neat thing is that in America, the poor average two cars, a roof over their heads and two or three tv's WITH cable.
Keep your FairTax bile to yourself, you're on a real thread now. And yes, we discussed that the Intraday high is actually 11750. Thanks for participating...
A number of freepers have completely discredited your post.
Response from you?
Like you do in your tagline? Bile?
Just a drive by comment I guess.
I'm afraid to ask, what's the logic behind this assertion?
He's trying to bring a FairTax discussion from other threads and deposit them into this one...
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