aarc

Bush and Obama Work to Restore Confidence

Yes, almost everything the govt is doing is just to delay the inevitable. Not reversing the trend.

Down Jones is projected to reach 4750 by H2 2009 and may even implode to the 700 to 1000 levels of the 1965 to 1980 trading range if a global market meltdown renders any government intervention caput.

Just imagine the psychological impact when investors, which is basically more than 50% of American population, who invested in the 60's, 70's, 80's, 90's and 2000's got wiped out of their hard earned money which they basically "saved" into the stock markets in the hope that the markets will just keep on going up perpetually.

More than 40 years of wealth creation down the drain in a matter of less than 3 years.



On Nov 25 02:46 PM curbs-in wrote:

>
> Some good ideas, but as this thing goes down, we won't have the time
> necessary to implement some of these good ideas to effect.
>
> When Obama says 2.5 million jobs may be lost next year, I have seen
> models that 10 million or more could be put out of work with the
> cascade starting in January.
>
> The economic downfall will be exponential and will really pick up
> speed starting early next year.
>
> I speculate, and it is only speculation, is that the political leadership
> knows that we are going down. Much of the spending may be an effort
> is to delay the fall until a transfer of power takes place.