tennessean.com/article/20090227/NES02/902270380/-1/RSS05
Here is an article about a gathering in Tennessee that was a rally against the $787 billion stimulus package. The event was part of a nationwide rally prompted by CNBC reporter Rick Santelli's on air call last week for a "Chicago Tea Party" from the floor of the Chicago Board of Trade to protest the stimulus package. (If you had not noticed, the markets fell soon after the package was unveiled). The battle cry in Tennessee was against both Democrats and Republicans who have and are currently spending the US into the ground. It basically amounted to a grass roots effort to take back the government for the people.
So will this be an increasing trend with ever increasing taxation/spending? Will this one day be the final straw that motivates people from a state of slumber into one of activism in the US?
Originally posted by whodeyRefresh my memory, but wasn't there an election or something recently? Didn't the guy that was behind this stimulus get elected? I might be wrong, but this was something like what he said he was going to do during the campaign.
tennessean.com/article/20090227/NES02/902270380/-1/RSS05
Here is an article about a gathering in Tennessee that was a rally against the $787 billion stimulus package. The event was part of a nationwide rally prompted by CNBC reporter Rick Santelli's on air call last week for a "Chicago Tea Party" from the floor of the Chicago Board of Trade to protest the ...[text shortened]... the final straw that motivates people from a state of slumber into one of activism in the US?
Originally posted by randolphIndeed. What the voters had was a choice of voting for the Republican party which doubled the national debt and at the same time decreased taxes, thereby ballooning the deficit higher, or voting for a party which vowed to increase taxes at the same time of their off the wall spending like that of their Republican counterparts. Some choice, eh?
Refresh my memory, but wasn't there an election or something recently? Didn't the guy that was behind this stimulus get elected? I might be wrong, but this was something like what he said he was going to do during the campaign.
Originally posted by whodeyDon't blame me, I voted for Chuck Baldwin and it was not a wasted vote. Voting for McCain or Obama was a wasted vote. They both supported the bailouts.
Indeed. What the voters had was a choice of voting for the Republican party which doubled the national debt and at the same time decreased taxes, thereby ballooning the deficit higher, or voting for a party which vowed to increase taxes at the same time of their off the wall spending like that of their Republican counterparts. Some choice, eh?
Originally posted by whodeyI highly doubt this will be the "final straw" on anything. It should be painfully clear if the American Government does not spend money to support America's financial institutions, as well as spending to create jobs, America will be mired in a severe economic downturn for a long time to come. I realize the amount being spent is very large, but what's the alternative? Do nothing? The tea party folks do voice some legitimate concerns, they do little more than that however, and they represent a very vocal, but small minority. 😏
tennessean.com/article/20090227/NES02/902270380/-1/RSS05
Here is an article about a gathering in Tennessee that was a rally against the $787 billion stimulus package. The event was part of a nationwide rally prompted by CNBC reporter Rick Santelli's on air call last week for a "Chicago Tea Party" from the floor of the Chicago Board of Trade to protest the ...[text shortened]... the final straw that motivates people from a state of slumber into one of activism in the US?
Originally posted by whodeyI say we all get together. rent a bus and take a ride up to Greenwich, CT. Find some of these pricks who ran hedge funds and turn them in to Soweto candles.
tennessean.com/article/20090227/NES02/902270380/-1/RSS05
Here is an article about a gathering in Tennessee that was a rally against the $787 billion stimulus package. The event was part of a nationwide rally prompted by CNBC reporter Rick Santelli's on air call last week for a "Chicago Tea Party" from the floor of the Chicago Board of Trade to protest the ...[text shortened]... the final straw that motivates people from a state of slumber into one of activism in the US?
A Mad Tea-Party
There was a table set out under a tree in front of the house, and the March Hare and the Hatter were having tea at it: a Dormouse was sitting between them, fast asleep, and the other two were using it as a cushion, resting their elbows on it, and talking over its head. `Very uncomfortable for the Dormouse,' thought Alice; `only, as it's asleep, I suppose it doesn't mind.'
http://www.cs.cmu.edu/~rgs/alice-VII.html
the main problem right now is that we're going through an economic crisis -- and no one really knows how to get out of it. There's a number of ideas swirling about such as stimulus plans, bank nationalization, bank bailouts, changes to the accounting rules etc, but no one really knows which ones, if any, will work.
George Bush and Co didn't know - and neither does Obama and Co - the economists and finance experts don't know - and neither do anyone else, be they Democrat, Republican, or the neighbor's cat.
But no one wants to admit this - so everyone is pointing fingers at each other, eagerly casting blame on all sorts of parties - and lots of people are getting really ANGRY. But there aren't any clearcut answers. We're just going to have to muddle through and keep trying stuff until something sticks.
Originally posted by MelanerpesNot knowing what to do is one thing, however, taking advantage of a crisis to push across your own agenda's is quite another and at the tax payers expense to boot. That is why people are so upset. No doubt, if the Republicans were in charge they would be doing the same.
the main problem right now is that we're going through an economic crisis -- and no one really knows how to get out of it. There's a number of ideas swirling about such as stimulus plans, bank nationalization, bank bailouts, changes to the accounting rules etc, but no one really knows which ones, if any, will work.
George Bush and Co didn't know - and We're just going to have to muddle through and keep trying stuff until something sticks.
Originally posted by whodeyIf the Republicans were in charge they would probably do it even worse. Mr. McCain admitted to not know anything or very little about economics, and Palin know nothing about anything.
No doubt, if the Republicans were in charge they would be doing the same.
Originally posted by Melanerpes
the main problem right now is that we're going through an economic crisis -- and no one really knows how to get out of it. There's a number of ideas swirling about such as stimulus plans, bank nationalization, bank bailouts, changes to the accounting rules etc, but no one really knows which ones, if any, will work.
George Bush and Co didn't know - and neither does Obama and Co - the economists and finance experts don't know - and neither do anyone else, be they Democrat, Republican, or the neighbor's cat.
But no one wants to admit this - so everyone is pointing fingers at each other, eagerly casting blame on all sorts of parties - and lots of people are getting really ANGRY. But there aren't any clearcut answers. We're just going to have to muddle through and keep trying stuff until something sticks.
The scare about the crisis is that it might lead to a new Depression. It's that severe. The only thing Mr. Obama knows for sure is not to do the same as the government in the 1930's.
Originally posted by LundosAgreed. In fact, none of them in Washington know anything about economics. McCain just made the mistake of admitting to it. If not, why do you think the stock market tanked once Obamas stimulus package was unvieled? Was it because those on Wall Street don't know anything about economics?
[b]If the Republicans were in charge they would probably do it even worse. Mr. McCain admitted to not know anything or very little about economics, and Palin know nothing about anything.
Originally posted by LundosSo you are of the opinion that FDR's spending spree got us out of the Derpression or was it the war? Of course, there is a debate as to whether the war got us out of the Depression, but you are free to believe what you like. I guess we will find out soon enough as to whether the new "new deal" has a similar effect. If doesn't then I guess the question is answered, no?
The scare about the crisis is that it might lead to a new Depression. It's that severe. The only thing Mr. Obama knows for sure is not to do the same as the government in the 1930's.[/b]
Edit: And yes, what we are in now is a Depression. Don't let them fool ya.
Originally posted by whodeyPersonally I think the market tanked because the stocks haven't reached their intrinsic values. And that's not Mr. Obama's fault.
Agreed. In fact, none of them in Washington know anything about economics. McCain just made the mistake of admitting to it. If not, why do you think the stock market tanked once Obamas stimulus package was unvieled? Was it because those on Wall Street don't know anything about economics?
Wall street as a whole knows a lot about economics, but you really don't have to know that much theory to be a trader.