Date registered: Sep 2004
Vehicle: 83 Astral Silver 280 SL
Location: Planet Houston
Mentioned: 0 Post(s)
Quoted: 8 Post(s)
RE: Stock Market Warning
Here is your long haul: This stock market has not moved an inch in six years. It is still either slightly above or about equal, with where it was when Bush took office. If one takes into account for inflation, it is a major money loser.
Back in the days when we had an ever-expanding economy, stocks worked for the long haul. As long as we continue to give away our manufacturing and intellectual base and continue to transfer billions everyday to Saudi oil fascists, the asset value of America, which is really what the Stock Market reflects, will continue to decline as it reflects an American society based on debt - a society that is running its economy by going to the pawn shop every week. In the old days, we took in raw materials, and converted them to products that were worth more money, meaning we were increasing the asset value of the US. We produced intellectuals who turned ideas into value. That simply is not happening anymore. Until this country regains some sense of what it is supposed to be doing in this world as far as being productive goes, we are at the beginning of a long downward slide. The current market mirrors that idea completely. To reverse it requires government action - instead of rewarding fat assed lazy trust fund assholes with big tax cuts so they pay 10% on unearned income, people who actually work, now paying %30 on earned income should be the ones who get the 10% effective rate while the lazy rich bastards with the tax-free inheritences start paying some god damn taxes. College education should be free to all who deserve it. And instead of criminal wars in Iraq, we should be using the $750 billion we are dropping down that rat hole for a national space-shot style program to get off of foreign oil, while we have another space-shot style program to finance advanced robotics so we quit our addiction to cheap Mexican slave labor, and have a manufacturing base that can compete with cheap Chinese slave labor. It is time to wake up. "Free market" capitalism is leading us to the national poorhouse.
Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.
-President Barack Obama, 1st Inaugural address