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post #91 of 286 (permalink) Old 05-01-2008, 07:45 PM
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You & I are obviously not team players. We are supposed to exclaim in blood-curdling gasps of fear, that the world is on the verge of economic collapse UNLESS (!) the Democrats win the presidency. Ignore the data, embrace the emotion -- feel the love?



You think you got it in far enough?

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
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post #92 of 286 (permalink) Old 05-01-2008, 07:50 PM
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You & I are obviously not team players. We are supposed to exclaim in blood-curdling gasps of fear, that the world is on the verge of economic collapse UNLESS (!) the Democrats win the presidency. Ignore the data, embrace the emotion -- feel the love?
Or, elect McCain, run the National Debt up to $15 Trillion which would have an annual INTEREST of $900Billion [just less than 1/3 of the current National Budget] and watch our taxes grow there with no additional services or benefits.

Or we could just ignore the real economy, watch the pretty arrows on the stock market and wonder what happened when the Ritalin wears off the brokers and 50% of stock values drop out again like 1987 and 2000. Of course back then most of us were younger and could absorb the hit. Now, closer to retirement, 50% of asset reduction could be a problem for the boomer generation [and cost GenX a shitpot full of money].

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post #93 of 286 (permalink) Old 05-01-2008, 07:54 PM
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Wall Street shot higher Thursday as investors, while anticipating another dismal jobs report Friday, found solace in the rising dollar and falling oil prices. The Dow Jones industrial average rose more than 175 points... Stocks up as dollar rises on optimism about US economy - MSNBC Wire Services - MSNBC.com

The dollar gained strength Thursday amid mixed economic data following the Federal Reserve's signal that it might be done with rate cutting for the near term...

The U.S. dollar was mostly higher against other major currencies in European trading Thursday. Gold fell...
It is good that the dollar is finally gaining footing again. It could only go down so long before we had to start printing $500 again. And I would imagine Oil will cap soon as the election nears. It seems to every election cycle. At least that is the hope.

Problem is, those job numbers, while factored into the ADD laden brokers and stock talking heads, are still highly significant. That pile of people out of work is just growing and growing. There is a tipping point to that issue somewhere. Add in the group that are getting benefits [those being counted] along with the growing group that are no longer on the roles and there is an issue that just builds.

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post #94 of 286 (permalink) Old 05-01-2008, 08:31 PM
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It will go down until it goes up.

Repeat.

B

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and thatís what I intend to reverse.

~ Senator Barack H. Obama
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post #95 of 286 (permalink) Old 05-01-2008, 08:33 PM
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Or, elect McCain, run the National Debt up to $15 Trillion which would have an annual INTEREST of $900Billion [just less than 1/3 of the current National Budget] and watch our taxes grow there with no additional services or benefits.

Or we could just ignore the real economy, watch the pretty arrows on the stock market and wonder what happened when the Ritalin wears off the brokers and 50% of stock values drop out again like 1987 and 2000. Of course back then most of us were younger and could absorb the hit. Now, closer to retirement, 50% of asset reduction could be a problem for the boomer generation [and cost GenX a shitpot full of money].
You can have McCain and the rest of the Democrats. F*ck'em one and all.


Hey, I've got an idea, why not cut spending? And everybody who thinks we are undertaxed can voluntarily pay in more of their own money.

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and thatís what I intend to reverse.

~ Senator Barack H. Obama
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post #96 of 286 (permalink) Old 05-01-2008, 08:34 PM
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Actually pretty predictable from the chart. Seems the Pound vs Dollar turns against the dollar during Republican Administrations in a more acute manner than Democrat.

1976 might be the exception as Britain was in the midst of a worse stagflation than we were [ours started in 1973-4 and went to 1979-80]
The debt has grown monstrously under both. Just because your monster is somewhat smaller is no virtue. It's still a monster and you're still feeding it.

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and thatís what I intend to reverse.

~ Senator Barack H. Obama
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post #97 of 286 (permalink) Old 05-01-2008, 09:27 PM
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Financials, Techs Lead Rally; Oil Recedes



Dow Jones Industrial Average



I bet you're so thrilled you could just...

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post #98 of 286 (permalink) Old 05-01-2008, 10:18 PM
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cap ?
ADD ?
Speking in tongues ?
No wonder the people can't work, they are in a pile.

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.. And I would imagine Oil will cap soon as the election nears. It seems to every election cycle. At least that is the hope.

Problem is, those job numbers, while factored into the ADD laden brokers and stock talking heads, are still highly significant. That pile of people out of work is just growing and growing..
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post #99 of 286 (permalink) Old 05-01-2008, 10:18 PM
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I bet you're so thrilled you could just...
..
Someone wanna be startin something.
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post #100 of 286 (permalink) Old 05-01-2008, 10:30 PM
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The debt has grown monstrously under both. Just because your monster is somewhat smaller is no virtue. It's still a monster and you're still feeding it.
Actually $9.2 of the $10 Trillion National Debt projected by the end of 2008 all belong to Reagan, Bush1 and Bush 1.1. So really, the debt has only grown monstrously under The Trickledown Three.

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