jdl51

Is a Crash Impending?

"How old are you? Do you remember 1982-3? 1990-1? Do you recall 1973-4?"

And then you can add 1987 and 2008. Anyone see a pattern here? They all happened under republican administrations. Since 1981 three republican administrations have added over $11 trillion to our national debt, with an average of $750 billion a year with the last administration. We're still operating under Bush's final budget until next month with over a trillion deficit and his proposed budget that he submitted in January of this year for FY 2009/2010 had a $1.2 trillion deficit. These are the facts and they are not in dispute so don't give me a thumbs down because you don't like hearing the truth. This economy was driven into the ground with the world's financial system teetering on the brink of total collapse, yet it seems the majority of posters on Seeking Alpha had the delusional expectation that the new administration would have fixed everything by now and have positive growth rates and growing employment in their first few months in office. It took Clinton six years to bring our budget into balance from a much less precarious situation. It will take much longer to dig ourselves out of the huge hole that we now find ourselves in, especially given the non cooperation and obstructionism from the party that put us there.

Friday's Options Recap

So you want to destroy the American economy to give Goldman a lesson. Another repug pseudo-patriot.


On Jun 26 07:04 PM money hardball wrote:

> Goldman and Bank of America run the markets along with Geithner,
> and beagle boy Ben. There is no free markets, only welfare capitalism
> and socialism for capitalism.
>
> hat tip to investmintideas.blogsp.../ for the good articles
>
>
>
> To stop the New World Order I implore people to save more money.
> Stop spending in order to make the economy shrink. If consumers de-leverage,
> so will these financial firms, too. Their grip on society is lessened
> when we stop playing into their debt/consumption trap.