1. Any effect on the economy due to the sequestration won't be felt in a while, you dummy.
Hey asshat, if we were headed for doom and gloom like Obama thinks we are then there would surely be a selloff right now. And I like how you took that story out of your sig about racists voting for Republicans because of the hiring practices of NY City business owners. Did you finally figure out how retarded that was or just get bored with it?
1. lol, you got embarrassed, you mad bro?
True, but we weren't on QE infinity morphine drips to mask the severity of the economic pain we got ourselves into last time. Eventually the drips may run out, kill us, or help us recover, but we didn't have em during the last economic "accident".
Embarrassed about what? Embarrassed that Austerity is not going to be the coffin nail in the economy a lot of people think it will be? Embarrassed that my messiah is now resorting to emails to departments to make cuts as painful as possible just for political points? Embarrassed that I backed a guy who promised to cut the deficit in half in 4 years yet goes on a doom and gloom tour and cries like a stuck pig when a measly 8% of the deficit gets cut.
It's an interesting issue. What exactly does the DJIA mean today and in what ways does it serve as an indicator of the health of the nation's economy? What if it is an indicator of the health of foreign economies? What if it's an indicator of the health of the wealthy at the expense of the lower classes? Perhaps if some businesses were less profitable but paid higher wages to more people the economy would be better but the DJIA would be lower?
I stand by that sig you moron, you think i would leave that sig up all this long and cut it by 80%?
You should be embarrassed by yet another thread backfire on you.
^truth
Because wallstreet traders by and large don't give a fuck about people in the economy who make money from the work that they provide to their employers. They only care about people who can make a living off interest from their capital.
Yup, i posted months ago that even pro austerity economists that had signed a letter to the Brit government backing austerity had backtracked once the economy tanked further. Matt is the very definition of insanity, even with proof that his stupid ass policies that he champions doesn't work, he still backs them.
If you want to stand my that sig and then call others morons than more power to ya.
Meaning the sequester is not bad news as far as the stock market is concerned. A little reading comprehension would serve you well.
Good questions. All this shows us is large Corps/Businesses and wealthy investors doing well. It is yet to be determined the impact to the middle class and lower class (economic) wise.
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