Bush is not off the hook--that is readily granted.

His three stimulous attempts failed, why will another, esp of this magnitude? And why do my grandchildren have to pay for this political generation's grievous errors?

Drywalldog,

Thanks for the kind words.....Did you notice that the "stimulus check" vanished just like I said it would?!

The situation is simple:

Under GWB and the Democrat-controlled Congress, the plan last summer was stimulus checks so people would spend and fix everything. Epic fail as people used the money to pay off debt or horde.

Under Obama and the Democrat-controlled Congress, we have now decided that the people are not as smart as the government and the government needs to control all spending to fix the problem. The people will get a tax credit next year. If it works, we should join the European Union. If it also produces an epic fail, God help us and what is left of our once great nation.

I hope it works, Obama is reelected by a landslide, and we become France.

Vive le France!

20. Author: drywalldog Date: 02/18/2009 10:58 AM Reply

Everything going the Republican’s way, many here should be happy. Plenty to talk about, I’m glad you don’t want a recovery under this president. You took your stand, drew your line in the sand. Now it’s time to sit back and watch Obama fail. Of course, if it doesn’t go the way you planned-want it to- I don’t know how you will be able to lay claim to the fact you helped, but there is no chance of that anyway. Seems to me if you had the ’right’ ideas on how to fix this mess all the time, you should have stepped out of the shadows then, and just fixed it. I see that you have all the correct answers now. What a joke. My guess is that you will say G.W. fixed it before he got out of office. Another joke.

If Obama can’t fix this now, just look to HockeyDad for the answers, I think he is actually the closest to being right.

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If you're looking for an inept boob or an ambitious but inept life-long socialist bureaucrat to "fix" an economy, you deserve exactly what you get.

I'm movin' in with The HockeyDad. At least he has a villa down in Argentina.

#20

Socialism won't work. Never has, never will. You can look it up.

... I'm banking that we'll start seeing a much more stable market as the skittish investors move along to hedge funds and other creative savings and investment strategies and that the "average" guy/gal will now, along with 401k plan managers, start putting a steady (but small) cash inflow to the markets for long-term investments.

- we'll see a few hiccups ... but I'd have to say that this is now the time for people to start investing for retirement ... you'd be surprised at what $500/month right now could turn into in 20yrs ...

... even better, if you have a 401K plan, start maxing out = to what they will match you and as well, open an IRA in a secure bank account (a modest one where the CEO's aren't getting golden parachutes and haven't in the past. You are allowed to put (?) 20% in stock market - and yes, stocks are at record lows.

... just track your investments (keeping the majority in safe bank accounts)...

- and yes, everyone (regardless of the $$ they make, should have (imho) about 20% of their portfolio in gold coins and/or gold bullion - but I prefer the coins that are collector grade (sell for 20pts above spot and can't be recalled by the government in the event of a financial collapse) ... some people think that the gold in hand (keep it in a safety deposit box - or be creative and fold them into ground beef, wrap, vacuum pack, and put in your freezer ... worst case with the economy, that 20% will be worth 10x as much in a really hard crash ...

- and yes, I still say that everyone should have a modest "emergency survival/disaster" kit in their home ... with at least 1 month of food staples and a simple water storage (stabilized) unit - anyone can do that - and yes, it can be as simple as a few cases of baked beans and dinty more beef stew ... you could 'survive' on 1 can a day per person if you needed to ...

- and last, but not least, everyone should invest into a modest handgun (revolver) and a .22LR rifle ... ammo is cheap it's a nice way to supplement the daily diet (hunting for small game - or feral cats for you city folk) ... and a $4/box of .22LR ammo could be worth it's weight in gold in really bad times ...

What say the rest of you?

(JPotts ... you don't be needing to post on this one - we don't want you giving everyone the answer because we all know that when JPotts speaks ... everyone listens ... they'll agree with you ... and that would defeat the purpose of this question ... )

- ok, I'm off ... going to put on my aluminum foil hat and wait for the trolls to come out ...

Jimmy - Did you read my post about the uptick rule/Reg. SHO? What say you?

^ what about beer..??

Re: #27

... didn't see it ... post a link?

Re: #28

... Vodka (and other spirits) store longer, have a higher alcohol to weight ratio, take up less room, and are more efficient in getting the job done ...

- and Vodka (and best - Grain Alcohol) can be used as an antiseptic in a pinch and grain alcohol can be used (with a simple wick) as a fuel to cook/heat your foods ...

true... true...

^ #29

http://www.cigarbid.com/auction/forum/forum.cfm?action=list&forumID=9&messageDisplay=0000000280553 

May want to stockpile some Tang with that vodka for an easy to store mixer.

^ ... that will certainly remove a lot of the incentives of some hedge fund investors and managers ...

... I also wish that each and every financial guru be at least 50% invested in their own company and be exposed to as much risk as each and every one of their investors ... as it's been, they're making substantial profit just on the commission of sales - and this applies to all of the life insurance companies as well ... if the portfolios fail, then, imho, the commissions should have to be reimbursed ... and meanwhile, it would be nice to see a federal law requiring that all commissions be placed in escrow accounts for a minimum of 1 year ... sort of like a security deposit for the investors ...

- we've had way too many years of dirty investors and too much corporate greed ... the days of martini lunches are (or should be) long gone and any politician that caters to these companies should be charged and have their own assets frozen and liquidated when there is a failure of the company stocks or any investment funds ...

^ #32

Would you agree that reinstatement of the uptick rule is important f we wish to stabilize the equity markets?

So if I invest 20% in gold, and ammo is worth its' weight in gold, then by investing in ammo, I can shoot my dumbass neighbor and take his box of food.

Sweet!

Re: #33

... I see too many loopholes and not enough accountability with doing that ... in theory, it should help, but in reality ... well, that's another story ...

Re: #34

... I guess you could ... all of the food in the world in useless to you if you can't defend it and prevent someone from coming in and robbing you ...

... think about it ... if your kids were crying because they were hungry ... you had a gun... and you knew your neighbor had stockpiles of food and didn't have a gun ... at what point would you simply rob him to feed your children?

^30 minutes before dinner time!

S&P finishes the week with 7% drop; Dow and Nasdaq are off 6%

and Obama hasn't even nationalized the banks.....

yet