[gedsiz]

Considering all the benefits the government does to support corporations, they should be being taxed more, not less.

JM

[Lebybynctisee]

It doesn't matter. The rich stay rich, unfortunately.

[Zhgrlpil]

The reason for the pretty much flat day (gap down, rally, slide into the close) is probably that the Fed is meeting tomorrow. Wait and see...

[Fainnamoony]

Still on his record.

Oerdin gets me through the day

[Karensmith]

That's the way it has always worked even if you want to whine about it. No, its not. People of intelligence, or without axes to grind, put it on the record of who was actually responsible for it. Which explains why you do not.

Another thing that people of intelligence do is recognize how little of an impact a president has on the economy in the grand scheme of things.

[JohnMitchel]

How it was dealt with... By racking up a shitload of debt. Which, at some point, we're going to have to repay.

Cutting taxes to spur growth to get us out of a recession is fine by me, provided you also cut spending (probably not right away, but once things have improved) and repay the debt you incurred. But noooo. That NEVER ****ing happens.

The Republican party had control of the Presidency and Congress for a good chunk of Bush's time in office. Though I disagree with the Republican party on many things, one thing I thought they might be good for was fiscal restraint. But no. They ****ed me there too.

Dems = tax and spend
Republicans = borrow and spend
Us = ****ed.

That is all.

-Arrian

[turbutbamethyg]

We can switch to the blueback after inflating the crap out of the greenback without a revolution.

[evalayCap]

What facet of the industry were you in?

[Xbcofega]

Sorry to hear that, PLATO.

[DialOne]

Originally posted by chegitz guevara
Revolutions make debts go away. They also make an awful mess, which has to be cleaned up... much like debt. I'll pass.

-Arrian

[sleelverrex]

The company I got laid off from in January is in the midst of furious downsizing. I heard their creditors are calling in their loans. I knew things were bad when they didn't have dancing girls at the Xmas party.

[xyznicks]

You know what I mean, Zkrib. I'm not anti-spending. I'm anti-deficit spending. Heck, I'm not totally anti that either. I'm ok with emergency measures in a recession. But long term, I want a balanced budget (actually, I want surplusses for the next, oh, 25 years to pay down the debt and THEN I want a balanced budget).

As for what the money is spent on, obviously that too is important. My rant, however, was limited to spending beyond our means, year after year after year after year... with no end in sight. Even the couple of years during the Clinton administration when the government made some effort at restraint barely dented our debt. All it really did was temporarily halt its increase.

If this is not addressed, and addressed seriously (this means deep budget cuts), at some point the strain will be too great and the whole thing will come crashing down like Bear Stearns.

-Arrian

[xiaoselangone]

Originally posted by chegitz guevara
Sorry to hear that, PLATO. There are days that capitalism sux...not many, but today was one of them!

[bubborn]

I can tell you that Unwinds are the order of the day. Mostly Credit Default Swaps.

So much so that upper management is demanding hourly reports throughout the day on volume and magnitude.