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8/8 Stock Market thread *EDIT* Lets watch what happens 8/9 now

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Long term I don't see any hope for this country unless we make dramatic changes. The focus needs to be shifted to job creation more than anything to get us out of the economic recession we are in. All the spending cuts in the world won't fix our stagnating economy, they will only deepen the recession we are in by slashing jobs for thousands of Americans.

-Invest in education so that our children remain competitive with the rest of the world. Even today, our kids are getting their asses handed to them by their counterparts in India and China.
-Invest in alternative energy to reduce our dependency on foreign oil and create an influx of new jobs in this country.
-Reform tax code so that loopholes for the rich are closed AND more people are paying into the system.

As near as I can tell no party is serious about any of these issues. Democrats claim to be, but they have yet to make any demonstrable action towards attaining any of these goals. Republicans certainly couldn't care less about these issues, and are fixated right now on gutting the Federal gov't until there isn't a department agency left. These lunatics must be stopped immediately in their tracts and the focus must be shifted to the above bullet points if we are going to survive long term.
 
Good thing I'm mostly in cash, in my roth, 401k and investment accounts. I'm not really buying back into the market until it looks like obummer is out the door. When and if that happens I'll buy back in.
 
OneOfTheseDays said:
Long term I don't see any hope for this country unless we make dramatic changes. The focus needs to be shifted to job creation more than anything to get us out of the economic recession we are in. All the spending cuts in the world won't fix our stagnating economy, they will only deepen the recession we are in by slashing jobs for thousands of Americans.

-Invest in education so that our children remain competitive with the rest of the world. Even today, our kids are getting their asses handed to them by their counterparts in India and China.
-Invest in alternative energy to reduce our dependency on foreign oil and create an influx of new jobs in this country.
-Reform tax code so that loopholes for the rich are closed AND more people are paying into the system.

As near as I can tell no party is serious about any of these issues. Democrats claim to be, but they have yet to make any demonstrable action towards attaining any of these goals. Republicans certainly couldn't care less about these issues, and are fixated right now on gutting the Federal gov't until there isn't a department agency left. These lunatics must be stopped immediately in their tracts and the focus must be shifted to the above bullet points if we are going to survive long term.
Click to expand...

ah yes, doubling down on a the failed "gov't knows best" stuff.

pure insanity.
 
$10 says in 2012, November 5th, one day after it is announced that Sarah Palin is president of the United States of America, the Dow will soar 10,000 points.
 
Oil down $6.60 to $80

This will be temporary, with dollar losing half its value the oil thugs will jack oil up to $200 in no time.
 
CADsortaGUY said:
ah yes, doubling down on a the failed "gov't knows best" stuff.

pure insanity.
Click to expand...

Nobody said the US Federal gov't is perfect. But the services it provides are by and large ones that I wholly support as an American. We need to reform our gov't to make it run more efficiently.

Completely gutting it and handling everything in the private sector is a recipe for disaster. Private sector will do the only thing it knows or cares about doing, make profits for itself. Look at how well the banks did once we removed all that Federal red tape, threw the global economy into economic chaos. Trusting the private sector to look out for the average American is pure insanity.
 
OneOfTheseDays said:
Long term I don't see any hope for this country unless we make dramatic changes. The focus needs to be shifted to job creation more than anything to get us out of the economic recession we are in. All the spending cuts in the world won't fix our stagnating economy, they will only deepen the recession we are in by slashing jobs for thousands of Americans.

-Invest in education so that our children remain competitive with the rest of the world. Even today, our kids are getting their asses handed to them by their counterparts in India and China.
-Invest in alternative energy to reduce our dependency on foreign oil and create an influx of new jobs in this country.
-Reform tax code so that loopholes for the rich are closed AND more people are paying into the system.

As near as I can tell no party is serious about any of these issues. Democrats claim to be, but they have yet to make any demonstrable action towards attaining any of these goals. Republicans certainly couldn't care less about these issues, and are fixated right now on gutting the Federal gov't until there isn't a department agency left. These lunatics must be stopped immediately in their tracts and the focus must be shifted to the above bullet points if we are going to survive long term.
Click to expand...

The political system needs to be changed as well.

Step 1 is getting rid of the assholes currently running the country.

Step 2 involves some ideas I've had....feel free to add your own:

Term limits. As in you get one. You don't get re-elected and cannot serve in a different house of Congress. You can however run for President. Change all the terms to 6 years, and elect 1/3 of them every other year. That way you don't have to start over from scratch each term. Same thing for President. You get one term. That way every election year isn't wasted because they are too busy trying to get re-elected to do their jobs.

Upon being elected to office all their assets are put into a holding company while they serve. At the end of their term they get their assets back at a rate tied to how the economy performed. If they economy grew at 7% they get their original assets back plus 7%. If it shrank 3% then they get their original assets back minus 3%.

Attorneys of any type are not permitted to run for office. They are lucky we let them continue to breathe our air.

Pass and send to the states to be ratified a balanced budget amendment with a "10% Rainy Day" clause. Meaning If we bring in 2 trillion dollars then we can spend 2 trillion dollars minus 10%. That 10% then goes into a "Rainy Day Fund" yearly that can only be spent in times of emergency. Declaring an emergency must be voted on by the people and recieve a minimum of 70% of votes before the funds can be spent.

Pass a Constitutional amendment that Congress shall pass no law that does not apply to Congress.

All legislation to be limited to one page. There doesn't even need to be a cover page or a separate page for the President to sign. I want title at the top of the page, a few lines for the bill, and a signature area at the bottom. We managed to declare our Indepenence in one page so there's no reason the tax code needs to be 71,000 pages long or the health care bill needs to be 2409 pages long.

Lobbyist are shot on sight. Anyone accepting money from Lobbyist are shot on live TV.
 
Jaskalas said:
Why does S&P hate America? :'(
Click to expand...

Many investors pulling out of the anti-American company:

8-8-2011

http://finance.yahoo.com/news/Share...ZzYW1w?x=0&sec=topStories&pos=7&asset=&ccode=

Shares of S&P parent company fall



McGraw-Hill took a little friendly fire Monday, seeing its stock tumble nearly 8 percent after its Standard & Poor's agency downgraded the U.S. government's credit rating, helping to send the market into a tailspin.

McGraw-Hill owns Standard & Poor's, educational publisher McGraw-Hill Education, Platts energy information services and J.D. Power and Associates.

Shares of McGraw-Hill Companies Inc. fell $3.22 to $38.50 in afternoon trading, outpacing the 4 percent decline in the Dow Jones at that time.
 
OneOfTheseDays said:
Nobody said the US Federal gov't is perfect. But the services it provides are by and large ones that I wholly support as an American. We need to reform our gov't to make it run more efficiently.

Completely gutting it and handling everything in the private sector is a recipe for disaster. Private sector will do the only thing it knows or cares about doing, make profits for itself. Look at how well the banks did once we removed all that Federal red tape, threw the global economy into economic chaos. Trusting the private sector to look out for the average American is pure insanity.
Click to expand...

And look what happens when the government doesnt care if the sheet balances...we print and borrow money.

We have to be able to meet in the middle somewhere...
 
OneOfTheseDays said:
Nobody said the US Federal gov't is perfect. But the services it provides are by and large ones that I wholly support as an American. We need to reform our gov't to make it run more efficiently.

Completely gutting it and handling everything in the private sector is a recipe for disaster. Private sector will do the only thing it knows or cares about doing, make profits for itself. Look at how well the banks did once we removed all that Federal red tape, threw the global economy into economic chaos. Trusting the private sector to look out for the average American is pure insanity.
Click to expand...

Silly me, I'd rather the average American look after themselves, personal responsibility and all that.
 
I suspected something last November, but the Tea Party certainly delivered the Lulz.

I think you guys need more tax cuts for the rich, but keep government's hands off medicare!
 
Martin said:
I suspected something last November, but the Tea Party certainly delivered the Lulz.

I think you guys need more tax cuts for the rich, but keep government's hands off medicare!
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You do realize that the (D)s have the executive and senate, right?
 
OCGuy said:
You do realize that the (D)s have the executive and senate, right?
Click to expand...

Yes, I also know what happened when the Ds proposed a balanced approach of spending cuts and tax increases to the tune of $4T...

You know, this deep-seated belief that "The Truth Is Somewhere In The Middle" isn't getting you anywhere. Eight years ago, one side screamed about mushroom clouds over Washington, the other side said don't go to war. The middle turned out to be a "light" war with few troops that fucked up a whole country, killed thousands and cost trillions. A lot of people here seem to think that as long as they repeat their mantra, they'll appear smart and above petty partisan politics, but they're actually a big part of the problem. The truth is, sometimes one side is right, and sometimes one side is just plain wrong.

It'll be a while until you guys realize that, so until then I'm sitting back and enjoying the lulz.


So yeah... if you want to solve your deficit & debt problems, just cut more taxes on the job creators. That'll bring in more revenue AND create employment. BOOM, problem solved.

Here's a little blurb from David Frum, former Bush speechwriter who nevertheless seemed to have developed the beginings of a brain these last few years:

http://www.frumforum.com/could-it-be-that-our-enemies-were-right
 
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Phokus said:
They could own all 3 branches of government and they'd bow down to R's because they have no balls.
Click to expand...

Republicrats, all of them.

You have your extremes on both sides (Boxer, Kucinich, Tea Party), then you have the middle guys who just cave in to corporations and say whatever they need to during election season to remain a career politician.

Man we are screwed.......
 
Phokus said:
They could own all 3 branches of government and they'd bow down to R's because they have no balls.
Click to expand...

The problem is that the current GOP that the Tea Party has somehow managed to become the puppetier of is fully willing to obstruct in every way possible until they get their way. And the Democrats are unwilling to sacrifice the entire US, so they end up caving in because of the belief that the far right bad policy is better than no policy. Then the left compromises in a way that benefits the GOP 85%, the economy tanks thanks to these stupid rightist policies, and somehow the right blames Obama!

If every time a rightist policy gets enacted, the economy suffers, why does anyone keep thinking that conservative economic approaches still work when the so clearly dont?
 
One of my coal stock is down more than 16% today, and a total of 35% down for the week.

My energy portfolio YTD is down by 40%.

I should have sold the energy portfolio and convert it into silver/gold in January.
 
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