They Can't Spin These Numbers Anymore

Quote from: FishaHallic on June 30, 2008, 10:34:07 PM

OMG!! You really don't have a clue, do you? Have you ever looked at the growth of the stock market over the last 5 years? Do you realize historical records have been smashed and by many analyst opinions, we are in a period of consolidation, poised to make another run towards new historical highs? And as far as the housing market goes, I have no pity on anybody who is suffering through the so-called housing crises. Nobody but the mortgagee signed those papers. People making $60,000.00 per year have no business trying to purchase half-million dollar homes. They gambled and lost. Yeah, it was tempting to get into the thrill of the deal, but unless you were in and out early, and made intelligent decisions, you most likely got burned. That's the way of the world in an open economy. It's become so typical in America these days. People make bone-headed decisions, usually based on greed, and then refuse to accept blame for their predicament. Can you really look in the mirror and take yourself seriously when you say it's GW's fault that these dickwads bit off more than they can chew and now want to blame everybody else? Do you really believe that all the people who used their brains should now bail out the greedy bassturds that got caught with their pants down? Is that what you truly believe? If so, you're a bigger fool than I ever thought you were and you represent everything that is wrong in this country today. Nobody accepts responsibility for their actions anymore. "It's not my fault! I was taken advantage of! Somebody's got to do something! Lower my taxes, lower my interest rate, pay my mortgage!" Hey, moron, that money has to come from somewhere! It just doesn't disappear because somebody imposes a moratorium. And here's something else for you to ponder, dimwit. IF the economy sucks as bad as you say it does, why the hell is unemployment so low? Do you know anybody who's trying to hire workers these days? The only people that don't have jobs are the ones who don't want one in the first place. I'm offering all time highs in hourly rates just to get people in the door to fill out an application. Half the time, they don't even show up! You listen to the Democratic rhetoric and you just automatically assume it's true without doing any research on your own. The Dow was in the range of 8,300 in December 2002. It closed today at 13,445. I would hardly call that flat. And if you need perspective, the Dow didn't break 2,000 until 1987 and today's closing is 3,000 points higher than the peak of the Internet bubble and the vaunted economy (in your eyes) of Bill Clinton (the Dow went up by 7,000 points during Clinton's term in office but much of that gain was due to the tech bubble and that corrected itself in 1999/2000. It also had much to do with a Republican dominated legislature that helped foster strong economic growth that continued once George Bush took office and the shock of 9/11 wore off). The housing market was another bubble just like the tech bubble; it was driven to highs that had no basis and when the truth came out, there was a correction. It's not politics; it's economics. The whole thing was driven by greed. You want to blame somebody, blame the guy down the street that owns a $500,000.00 mortgage on a house that is now worth $275,000.00 and was only worth $190,000.00 four years ago. Speculators are to blame, not George Bush. So, if the 'mortgage crises' does cause a major market correction (which I don't believe will happen until after the election, if at all, and is a phenomenon with historical basis), you can blame the greed of your neighbors, not this administration. As far as the trickle down effect of tax breaks for business goes, it does go into the hands of the little guy. All that money floating around went into the hands of the little guys in the form of loans they now don't want to repay. It went into the little guys hands in other ways, as well. I gave a 10% (yes, 10%!!!) across the board raise to every employee in my company this past year and some of them have received more in the form of performance bonuses and additional raises. So yes, the money I saved in tax breaks did trickle down to my employees. Furthermore, through networking with my colleagues, I know we are not alone. Nearly every company I know gave across the board raises. Again, your whining about being held down by the establishment is typical. Nothing is ever enough. You want to be Daddy Big Bucks? What the hell were you doing when you were supposed to be applying yourself in school? When did you ever lay your nuts out on the line by signing the dotted line for millions in loans, putting your entire future in jeopardy, because you had faith in your business plan? When did you ever even sit down and develop a business plan of any sort? That, careful planning, execution, sacrifice and some God-given luck is what makes a succesful business and the right to receive breaks from the government so you can pass it down to your employees and/or reinvest in your company so that you can try to make their lives even better. I've been in business for myself my entire life; I've never worked for somebody else, other than my customers, since I was 20 years old. I've seen every economy and I've suffered and I've prospered but I never blamed anybody. I took it like a man when it was bad and I spread it around when it was good and I've lived a prosperous life. That's the difference between victims and victors, mice and men. It's pretty clear what column you fall into. "

After this post and your first post on this thread you hold no creditable value. Please go away with your nonsense. Bonk

Yes budman!