Dow, three year view.
Dow, 100 year view. Note the years 1929 until 1933, and how long it took to regain the 1929 high.
The Dow-God ratio is now 13 and falling.
Posted on 01/23/2008 7:29:20 AM PST by wyowolf
NEW YORK (CNN) -- President Bush's assurances that we'll all be "just fine" if he and Congress can work out an economic stimulus package seem a little hollow this morning. Much like Federal Reserve Board Chairman Ben Bernanke's assurances last May that the subprime mortgage meltdown would be contained and not affect the broader economy. And it seems Treasury Secretary Henry Paulson has spent most of the past year trying to influence Chinese economic policy rather than setting the direction of U.S. economic policy. There is no question that Bush, House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid will quickly come up with an economic stimulus package simply because they can no longer ignore our economic and financial crisis.
(Excerpt) Read more at cnn.com ...
He’s definitely spot on on immigration. On other topics, he does tend to get a bit moonbatty.
Agreed. Given many of Dobbs’ views, I’m surprised that he hasn’t come out and endorsed Ron Paul. The two seem to be in synch on the major issues.
Lol, Talk Radio is the MSM now.
Typical drive-by media. Keep telling a lie often enough and people start to believe it. He is great on illegals, though.
Couldn't have said it better myself. The Chinese economy doesn't need any more stimulation. They are on steroids now.
Just what would you have us spend it on? The truth is that consumers spend most of their money on foreign imports, and any stimulus package probably would be stimulating foreign economies rather than our own. Imports, for example, account for 92 percent of our non-athletic footwear, 92 percent of audio video equipment, 89 percent of our luggage and 73 percent of power tools.
The stimulus is just feel-good politics, it can have little direct effect on the financial impact of falling asset values triggered by the distorted real estate market. They can only hope it has an irrational psychological effect on the markets.
Liberals and conservatives agree on free trade in principle, and then liberals cripple American business with suffocating regulations and liabilities regarding environmental, labor, tax, tort exposure, etc. The liberals' solution is NOT to do things to help make American businesses more competitive, but rather they fantasize about making foreign governments place the same shackles on foreign businesses. It's no wonder we have little to sell the world other than ownership of our businesses and our debt obligations.
IIRC, Howard Beale was speaking the truth...that’s why he was assassinated.
could not have said that any better... bravo
If Americans are smart they will use the stimulus to pay down existing debt. That is how mine will be spent.
We all have to acknowledge that our problems were in part brought on by the failure of our government to regulate the institutions and markets that are now in crisis.The irresponsible fiscal policies of the past decade have led to a national debt that amounts to $9 trillion. The irresponsible so-called free trade policies of Democratic and Republican administrations over the past three decades have produced a trade debt that now amounts to more than $6 trillion, and that debt is rising faster than our national debt. All of which is contributing to the plunge in the value of the U.S. dollar.
At precisely the point in our history in which this nation has become ever more dependent on foreign producers for everything from clothing to computers to technology to energy, our weakened dollar is making the price of an ever-increasing number of imported goods even more expensive.
All Americans will soon have to face a bitter and now obvious truth: Our national, political and economic leaders have squandered this nation's wealth, and the price of this profligacy is enormous, and the bill has just come due for all of us.
All well and good. I agree with Dobbs. But there is only one tiny detail: David M. Walker, Comptroller General of the U.S. Government Accountability Office says total U.S. Debt is over $ 50 Trllion . . . So who to believe ? Elected politicos or mainstream media commentators or ______________ ?
If you have a fast connection Watch This Short Video of Walker Speaking Out
i hope i get mine soon enough, i may have to pay my taxes with it... since i am now “ rich “
What do you attribute the falling dollar to?
Google it yourself if you do not believe me.
The Fed essentially prints paper 24/7 and the U.S. government is obliged to pay for the money with loans. Bernanke is just following orders. His orders come from the private institutions that own the Federal Reserve Bank. The Fed is a private corporation. It is not a 'government agency,' as most people believe.
I know you are right, but then again, I’m not the one who is calling Dobbs a nutjob/moonbat, either.
Dobbs is meddling with the primal forces of nature.
...and he is going to atone. LOL
Dow, three year view.
Dow, 100 year view. Note the years 1929 until 1933, and how long it took to regain the 1929 high.
The Dow-God ratio is now 13 and falling.
Whoops, that should read Dow-GOLD ratio!
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