Consumers Digest

A lot of people say just do nothing its just another recession ,want to know why its necessary and urgent?

Iam a stock trader and penny trader . first, this is their biggest worried the Dow and the NASDAQ it is now at a critical low or called support the same as 911.just bounce around think pingpong ball.that good. if condition don't improve, we will drop below support ,then support turn into Resistance , that bad if you want to go up again. cause it will take many many years ,and try to break though on up .theory , many that waited wanted to get will get their chance again,sending the indexes down again.(support is where the traders wait to buy in) hate to give it to the banks ,who started this mess but the money is a loan, and banks a guarantee by the government, they have to pay ether way, but being dem or rep isn't going to matter if we break support.for we will all meet at to free food line ,talking about the good old days. if we break support its a look out below, baby boom forget retirement , and lost jobs will not rehire for many years. trade war? and a you know what. might be the thing. to start over. bad.. come together guys ,I not totals happy about this mess too. obama plans have to work.were in too deep .( we owl, t bills) its a case of the best of 2 evils http://www.marketwatch.com/tools/quotes/intchart.asp?symb=INDU&time=20&freq=1&comp=&compidx=aaaaa~0&compind=&uf=0&ma=&maval=&lf=1&lf2=&lf3=&type=2&size=1&txtstyle=&style=&submitted=true&intflavor=basic&origurl=%2Ftools%2Fquotes%2Fintchart.asp http://www.marketwatch.com/tools/quotes/intchart.asp?symb=NASDAQ&time=20&freq=1&comp=&compidx=aaaaa~0&compind=&uf=0&ma=&maval=&lf=1&lf2=&lf3=&type=2&size=1&txtstyle=&style=&submitted=true&intflavor=basic&origurl=%2Ftools%2Fquotes%2Fintchart.asp dont read investing book , foolish . trading yes, yes. full of corruption,oil....

Public Comments

1. Quit lying. If you were an investor you would no that bad assets need to be liquidated, not propped up.
2. The banks did NOT do this. Acorn (read Obama & his supporters) forced the banks to issue those risky mortgages. They got us into this mess on purpose. They did it so those of us with no comprehension skills would want "change" and vote for him. Then he COULD spend OUR money. Gotta pay back those supporters you know. The set up has been coming for years. This ain't the bottom folks, no where near it.
3. I don't know man, i believe it goes much further than that. Much further. I believe its one of the biggest cover up attempts ever.
4. Well if you are hooking your star to Obama, you like the rest of us, will be very disappointed. Obama and his stimulus plan, will fail miserably. We can't just keep printing money. One day in the very near future, there will be an inflation, that will make today's prices, look like a discount bin, at your local dollar store.
5. Dagney and Silver said it all !!
6. Your post makes no sense
7. How about TWO wars....and HUGE tax breaks for the rich...paying out WAY more than you bring in. Then you have Real Estate market that suckered people into buying at an interest rate of 1 percent...then the loan balloons. People were greedy...buying more than one home. Plus the Bush adminstration assisted companies to move outside of the US with taxpayer money. The era of Bush brought corporate welfare...and the middle class supporting Bush's war. And what do you know about Bush deregulating speculators....isn't that REALLY why the gas when up so high? Double Whammy: 50-Year Record on Sept. 22. $10 Trillion on Sept. 30, 2008. The gross national debt compared to GDP (how rich we are) reached its lowest level since 1931 as Reagan took office in 1981. It skyrocketed for 12 years through Bush senior. Clinton reversed it at a peak of 67%. Bush junior crossed that line on Sept. 22 and hit 69% on Sept 30. That's the highest it's been since 1955. (sources) Bush did three things to skyrocket the debt from $5.7 trillion to $10 trillion: 1. He lowered taxes on the rich (by far the biggest item). 2. He invaded Iraq instead of winning in Afghan-Pakistan (another $600 B). 3. He deregulated Wall Street speculators. That bailout has now "invested" $1T I think we are in a Depression...caused by the greed of the republicans...and these same people that ruined this country are telling Obama what to do? They need to get a grip on reality....53 percent voted for Obama....NOT McCain...just another Bush!