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Forums - General - Market watch: Dow Jones drops approx. 300 points, 4% today. Drops below 7000 points.

halogamer1989 said:
SciFiBoy said:
halogamer1989 said:
I know. We are getting the financial response to bailing out AIG once more. It is a futile cause. Let it file Chapter 11 and have another successful corp take its place. We are indeed reaping what sewed in Congress with a 1100 page bill that hardly anyone got to look at before passage.

 

the system i was refering to was Capitalism

The world is capitalistic.  The only way we would switch is by a neo-USSR invading and taking us over.

 

really, youd only accept a different system if it was forced upon you?



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SciFiBoy said:
halogamer1989 said:
SciFiBoy said:
halogamer1989 said:
I know. We are getting the financial response to bailing out AIG once more. It is a futile cause. Let it file Chapter 11 and have another successful corp take its place. We are indeed reaping what sewed in Congress with a 1100 page bill that hardly anyone got to look at before passage.

 

the system i was refering to was Capitalism

The world is capitalistic.  The only way we would switch is by a neo-USSR invading and taking us over.

 

really, youd only accept a different system if it was forced upon you?

The way I see it yes.  Even then there would be revolution to bring back capitalism.  Capitalism is what built this nation and the sense of making yourself better--the American Dream.  Even Obama's socialistic tendencies will not scape away what is ingrained in our hearts and mines from generations before us.  USA =/= USSR.

 



halogamer1989 said:
SciFiBoy said:
halogamer1989 said:
SciFiBoy said:
halogamer1989 said:
I know. We are getting the financial response to bailing out AIG once more. It is a futile cause. Let it file Chapter 11 and have another successful corp take its place. We are indeed reaping what sewed in Congress with a 1100 page bill that hardly anyone got to look at before passage.

 

the system i was refering to was Capitalism

The world is capitalistic.  The only way we would switch is by a neo-USSR invading and taking us over.

 

really, youd only accept a different system if it was forced upon you?

The way I see it yes.  Even then there would be revolution to bring back capitalism.  Capitalism is what built this nation and the sense of making yourself better--the American Dream.  Even Obama's socialistic tendencies will not scape away what is ingrained in our hearts and mines from generations before us.  USA =/= USSR.

 

i wasnt aware that self improvment was only about money?

 



SciFiBoy said:
halogamer1989 said:

The way I see it yes.  Even then there would be revolution to bring back capitalism.  Capitalism is what built this nation and the sense of making yourself better--the American Dream.  Even Obama's socialistic tendencies will not scape away what is ingrained in our hearts and mines from generations before us.  USA =/= USSR.

 

i wasnt aware that self improvment was only about money?

 

It is not only about money.  It is about pulling yourself up in self confidence and not relying on the dear comrades who are forced to always lend you a hand.  Socialism always wears itself out in a nation in a few generations because there is no real room for advancement. 

 

OT: I believe this drop is due to the AIG fiasco.  The financial sector is just a mess now and I don't see an improvement until Q1 2010 at the earliest.



SciFiBoy said:
halogamer1989 said:
SciFiBoy said:
halogamer1989 said:
SciFiBoy said:
halogamer1989 said:
I know. We are getting the financial response to bailing out AIG once more. It is a futile cause. Let it file Chapter 11 and have another successful corp take its place. We are indeed reaping what sewed in Congress with a 1100 page bill that hardly anyone got to look at before passage.

 

the system i was refering to was Capitalism

The world is capitalistic.  The only way we would switch is by a neo-USSR invading and taking us over.

 

really, youd only accept a different system if it was forced upon you?

The way I see it yes.  Even then there would be revolution to bring back capitalism.  Capitalism is what built this nation and the sense of making yourself better--the American Dream.  Even Obama's socialistic tendencies will not scape away what is ingrained in our hearts and mines from generations before us.  USA =/= USSR.

 

i wasnt aware that self improvment was only about money?

 

 

lol.

 

you SOW seeds, those seeds grow up into plants and thus you will REAP them in the future.

you SEW buttons, but I don't know in any case where you REAP buttons.

 

1. The economy peaked in October 2007 and has been steadily going down ever since, during Bush's administration and continues on until today. Obama was correct when he says he "inherited" this problem.

2. The Stimulus Package didn't blindside anyone; Obama talked about it during his entire campaign and it was debated for weeks before it was passed first by the house, and then debated and finally passed by the Senate. The USAPATRIOT act, however.... well that's a different story ^_^

3. I actually agree with you in just letting some of these institutions fail. I will have no love lost if AIG ever goes under. The same goes for any of the American Automakers. American cars lagged behind in quality to the Japanese and German automakers for the longest time and the United States should just let them fend for themselves.

4. How is Obama preventing people from trying to improve themselves? 41% of the EVIL STIMULUS PACKAGE is tax breaks, mind you, and some other billions are reserved towards tax credits for student loans and stuff.

 



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The banking situation and AIG's situation are so bad...and letting any of these extremely large institutions fail now would be like stabbing someone in the kidney after they had been hit by a bus...

You see the problem is that if any one of these really large banks fail it means that at least 300 banks, or sometimes thousands of banks, will shut down as well. Bank failures are the best way to land yourself right in the middle of a depression.

Needless to say, things are not going to get much better anytime soon. Nevertheless, I think we aren't too far away from the bottom.



We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls.  The only thing that really worried me was the ether.  There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke

It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...."  Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson

@ That guy: I agree with letting some institutions fail--that is standard free market cycle. Also, I think the car companies should not be nationalized (they are starting to natlz them now). I also agree w/ the tax cuts and student loan credits in the Stimulus package. What I don't like is wasteful bs like $96,000 for a two man doorbell job and $3 mil for field mice studies. That is just traitorous.



Earmarks are not a monopoly of the Democrats. 40% of those earmarks belonged to republicans. Even you must admit that.



That Guy said:
Earmarks are not a monopoly of the Democrats. 40% of those earmarks belonged to republicans. Even you must admit that.

Unfortunately, yes.  RINOs are famous for it.

 



Aside from screwing over pensioners who have invested their money into shares, what difference does this actually make?