The O-Pression - Worse Than The Great Depression

[TennesseeTuxedo]

The O-Pression is Worse Than The Great Depression (http://www.smartmoney.com/Investing/Economy/Even-Worse-Than-the-Great-Depression/)


As of yesterday's close (Thursday, March 5), the S&P 500 has lost 56.4% from its all-time highs 513 days ago. At the same point in the bear market associated with the Great Depression, that is at the 513 day mark, the S&P 500 had only lost -- only! -- 49%.



If he really wanted to turn things around, Obama would be cutting taxes instead of raising them. All one has to do is look back at the follies of the great depression and how FDR mishandled it.

No, these people are out for nothing but power.

[humbletx]

The O-Pression is Worse Than The Great Depression (http://www.smartmoney.com/Investing/Economy/Even-Worse-Than-the-Great-Depression/)




If he really wanted to turn things around, Obama would be cutting taxes instead of raising them. All one has to do is look back at the follies of the great depression and how FDR mishandled it.

No, these people are out for nothing but power.


Tootsie - this current diaster didn't start last month.. Just a few days ago you were braggin' about how you had banked the cash durin' the Geeedubya years - WTF are you whinin' about now?

[10 uh C VOL]

You are exactly right Tux. If you want people to spend more money, let them keep more of their own money than to give out freely, especially to those who are always looking for a handout.

But the left-led house and senate, along with Obama, don't really care about what America needs, they just want to get re-elected in two years and hope that the band-aid hasn't been bled through by the time the next Presidential election comes around. This has all been tried before and it has always failed.

This is what will happen over the next 6 years: People are not buying anything now 'cause they are scared. Two years from now, the confidence will be back and the wallets will start opening again. But because of the previous two years, there will be few product to buy. So, what happens...20 % inflation. Then, we will be hit with interest rates over 20 % which will drive us back into another recession.

You are right, it is all about power. Something has to be said for the fact that senators and congressmen spend millions of dollars to get elected to a position that pays $180,000. Must be alot more to it than just that salary.

[TennesseeTuxedo]

http://i17.photobucket.com/albums/b55/FightinTitan/site2346.jpg

[TennesseeTuxedo]

A Message To ZerO (http://www.imeem.com/people/zSEP-5w/playlist/FgqeRGsz/it-aint-your-money-to-spend-music-playlist/)

[stoiccounselor]

o my God if only we had bush/chenney back we would be saved

[Athenian]

No, what we need is another Reagan. I just don't see one out there.

[Athenian]

One thing they could do is what Kennedy did in the 60's. Reinstitute the 10% investment tax credit for manufacturers for new equipment. If we have any manufacturing left.

[Daddy Gee]

says it all...


... says Rahm Emanuel, just appointed chief-of-staff by President-elect Barack Obama.

"You don't ever want a crisis to go to waste; it's an opportunity to do important things that you would otherwise avoid. . . .."

[humbletx]

http://i17.photobucket.com/albums/b55/FightinTitan/site2346.jpg

seems you can't even understand the graph you've linked tootsie... You and you're "I've got mine" working for someone else are a sad bunch.

[ZippyVol]

No, what we need is another Reagan. I just don't see one out there.

I'd be happy with another Clinton...so long as we get another Newt to go with him.

Just as I'd take another Reagan...so long as we get another Tip to go with him.

[Napervol]

Guess which group moves the economy and hires people.

Really do not understand the deal with donations and not being able to write them off fully, as always before. Just dumb, really dumb. It will be interesting to see how much hell the blue dogs raise this week and if they can stop some of this bullshit.

To answer someone above, oh hell yes- I would rather have Bush and Cheney making the decision in this case. They would cut taxes- not accelerate spending on social programs and agendas. They certainly would attempt to fix the banks- now seeing that what they did was useless in November- although many cried for action.

The whole damn bunch got us here and the whole damn bunch is going to have to dig us out- But President Obama is in charge.....if he continues to do nothing and blame last years Congress and Bush.....

[Polemicvol]

http://i639.photobucket.com/albums/uu113/pvol/taxcuts.png

[humbletx]

I'd be happy with another Clinton...so long as we get another Newt to go with him.

Just as I'd take another Reagan...so long as we get another Tip to go with him.

Zipster nailed this mutha - grand slam in to the upper deck. :rock::yes2: