Bailout is working its magic already!

ib1yysguy said:
Socialism screwed up the market in 1929?
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I am sure it had it's part---but I don't know.

The question is--are we in 1929--or now with socialiam at the helm?

"Back in 1929---roosevelt got on the TV and started talking to the people about the depression situation." That is a fact.

hehe
 
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tinfoil said:
I think the idiots who wanted this bailout told us the market would crash if we didn't have the bailout.
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The market did crash. It fell over 700 points in one day on the DOW. It was the biggest fall *ever*.

The "bailout" is here to keep it from totally going under. It's not like flipping a switch. Passing a bill people call a "bailout" hurts investor confidence and hurts the market in the short term.

Tomorrow when it goes up again, as markets do, should I get on and post how the bailout is proven to be working because we went up 300 points?
 
ib1yysguy said:
The market did crash. It fell over 700 points in one day on the DOW. It was the biggest fall *ever*.

The "bailout" is here to keep it from totally going under. It's not like flipping a switch. Passing a bill people call a "bailout" hurts investor confidence and hurts the market in the short term.

Tomorrow when it goes up again, as markets do, should I get on and post how the bailout is proven to be working because we went up 300 points?
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You need to quit hitting that lie pipe, brother. That shit is playing with your mind.
 
Investor confidence? Why should investors be confident in this system of constanty inflating money, created by statist totalitarian zealots? This is a system to fear. We are the borg.
 
ib1yysguy said:
The market did crash. It fell over 700 points in one day on the DOW. It was the biggest fall *ever*.

The "bailout" is here to keep it from totally going under. It's not like flipping a switch. Passing a bill people call a "bailout" hurts investor confidence and hurts the market in the short term.

Tomorrow when it goes up again, as markets do, should I get on and post how the bailout is proven to be working because we went up 300 points?
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About 3 or 4 hundred of that drop happend before the vote.

Personally--I don't know anybody looking for a loan. And if they are responsible borrowers--they will get one from the private sector.

Payroll? can you guys wait a week? Big deal

The only thing that would happen is the crooks go broke---but they talked you out of that.
 
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ib1yysguy said:
The market did crash. It fell over 700 points in one day on the DOW. It was the biggest fall *ever*.

The "bailout" is here to keep it from totally going under. It's not like flipping a switch. Passing a bill people call a "bailout" hurts investor confidence and hurts the market in the short term.

Tomorrow when it goes up again, as markets do, should I get on and post how the bailout is proven to be working because we went up 300 points?
Click to expand...

When it fails to go up, will you admit the bailout was bullshit? If not, STFU and go snap some pretty pictures
 
ib1yysguy said:
The market did crash. It fell over 700 points in one day on the DOW. It was the biggest fall *ever*.
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In proportion it was not the biggest market crash ever. It was a 6% drop, compared to the three day drop of 11%, 13%, and 15% in 1929 (and further ones over the next ten days) and the 20% drop in 1988.
 
tinfoil said:
When it fails to go up, will you admit the bailout was bullshit? If not, STFU and go snap some pretty pictures
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The bailout was never meant to bring the market back "up" as much as to stop a total collapse. Getting back on track is going to take more measures in the future. The market may not bounce up 300 points tomorrow, but it may stabilize. Given time to actually SPEND the money and implement the policy, we can judge the effectiveness of the plan. That they haven't spent a dime and you're already calling it a failure is proof-positive only of the fact that you're a hack.
 
"Back in 1929---President roosevelt got on the TV and started talking to the people about the depression situation." I think that is a fact.
 
Watermark said:
In proportion it was not the biggest market crash ever. It was a 6% drop, compared to the three day drop of 11%, 13%, and 15% in 1929 (and further ones over the next ten days) and the 20% drop in 1988.
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Yes, I'm aware proportionally it was not the biggest ever. Thank you, Captain Obvious.
 
ib1yysguy said:
The bailout was never meant to bring the market back "up" as much as to stop a total collapse. Getting back on track is going to take more measures in the future. The market may not bounce up 300 points tomorrow, but it may stabilize. Given time to actually SPEND the money and implement the policy, we can judge the effectiveness of the plan. That they haven't spent a dime and you're already calling it a failure is proof-positive only of the fact that you're a hack.
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That they have been given 700 billion without a clear plan on how it's going to do anything is proof we are a fascist nation, bought and paid for by bankers.

Liquidity could have been injected locally, instead of at the high level and with the same people who fucked it up still in charge of fixing it.

This solution is pork writ large.
 
AssHatZombie said:
That they have been given 700 billion without a clear plan on how it's going to do anything is proof we are a fascist nation, bought and paid for by bankers.

Liquidity could have been injected locally, instead of at the high level and with the same people who fucked it up still in charge of fixing it.

This solution is pork writ large.
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ZOMG TEH NEXT STEP IS FASCIMS?!
 
AssHatZombie said:
That they have been given 700 billion without a clear plan on how it's going to do anything is proof we are a fascist nation, bought and paid for by bankers.

Liquidity could have been injected locally, instead of at the high level and with the same people who fucked it up still in charge of fixing it.

This solution is pork writ large.
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opps--the senate added 150 bil--the total now is $850 bil.
 
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