AMERICAblog: Dow is back to where it began under Bush and still falling
brian
· 1 year ago
Here in Italy the papers are condemning the American policies, but then they do not do anything. If foreign investors were not so eager to invest in America I bet that American policy would change. Wait...no it won't. The greedmeisters (aka Republicans) don't care about the people, only the people that are rich.
Bubbles
· 1 year ago
I recall this from January 2001: "The grownups are back in charge."
I recall this from Cheney during the 2000 V.P. debate: "We can do better."
As far as changes: Make publicly traded corporations provide tenure to the bulk of their employees, the way Japan does. If forces the a bias towards employee interest, which as the Japanese have proved, is a better proxy for long term shareholder interest and company competitiveness.
dad
· 1 year ago
ate years
JohnInTexas
· 1 year ago
So the only difference now is the country is bankrupt, a million people are jobless, the world hates us, who knows how many are mamed or dead, and we all have to work until we die rather than get to retire in our golden years and be able to live. Heckuva a Job George, now to Cheney yourself.
aquarius2
· 1 year ago
How did this happen you ask. I believe a look at George W. Bush, the business man provides some answers, no solutions. The following link lists in detail George W. Bush's method's to getting rich, quick. He came into the White House and applied, on a much higher level, the same methods. Only this time the methods were for his friends and the people to whom he owned his very existence as president. He has brought on an era of corruption like none ever seen before. When he leaves office he will walk away more than likely a very rich man or one who will become rich shortly after leaving.
He is a man I honestly believe without a conscious. It bothers him not that the country is in terrible financial decline. He is not been seen trying to calm the citizens, no he does what he does very well in rough times, hides out. I think his absence of public appearance is two fold, just his cowardly nature AND to prevent further embarrassment to the Republican party now seeking another four years in the White House. It surely would not be helpful to McCain who supported him 90% of the time.
Was Bush ever a business man in a traditional sense? Did he actually run a company or work at a meaningful job in a company?
JohnInTexas
· 1 year ago
Yes, oil company in Midland Texas. I think he bankrupted it though or got Daddy's Saudi buddies to bail him out, can't remember.
coolcatdaddy
· 1 year ago
I was talking with a relative last night who used to work in the banking industry and who keeps a close eye on these things. He told me that he estimates that about half of the loans on bad mortgages have been written off and that more problems with banks and other institutions are on the way.
Some institutions are hiding the numbers now; one he mentioned has taken their whole lump of bad loans, purchased from another bank, and have "isolated" them, going through each loan, one by one. It's basically buying them some time, but the write-offs will have to come eventually.
In his opinion, you're looking at more bad news like we've seen the past few days for another year or year and a half. On top of that, we're looking at a national debt that can't be supported by the tax base that's available, perhaps for a couple of decades.
Dear Citizen: Are you ready yet for the November 4th Elections? How about your friends, family, and neighbors? More Americans are expected to vote this year than ever before in history, so don’t be left out! Be sure to ask everyone you know the following questions: Are you registered to vote? If you moved recently, have you updated your voter registration? Did you apply for an Absentee Ballot? Do you know your state may not require any reason? Can you find your local Polling Place? Do you know it may have changed from last time? The answers to these questions -- and all your voting needs -- can be found at www.StateDemocracy.org -- the FREE 1-Stop citizen empowerment portal that Delivers Democracy to your Desktop! StateDemocracy is among the Internet’s first (since 2001) and most encompassing civic empowerment tools. In order to boost voter participation this year, StateDemocracy.org is offering FREE widgets for all 50 states. You can simply download and embed these widgets into your own website so your visitors can register to vote, get an absentee ballot or find their local polling place. Lobby Congress Via StateDemocracy StateDemocracy.org also equips you to maintain an active dialog with your state and federal lawmakers once they are elected. And RIGHT NOW is an especially opportune time to contact your U.S. Senators and House Member, as Congress takes up major legislation on such issues as offshore oil drilling, another economic stimulus package and all federal appropriations bills over the next few weeks. As you lobby your elected officials, remember that lawmakers view your constituent input as reflective of scores of other citizens who felt similarly, but didn’t have (or take) the time to share their opinions. LobbyDelegates.com Further Empowered Grassroots Voices Over the past 5 months, you may have visited www.LobbyDelegates.com, along with 26,000 other visitors. This latest public interest portal by the StateDemocracy Foundation remained the only online tool enabling rank-and-file Democrats to lobby all 800+ Super Delegates on which candidate to back for the party’s Presidential nomination. StateDemocracy Foundation Website Users Unite! Many of you have used our StateDemocracy.org and LobbyDelegates.com tools in recent times, and have hopefully found your experience uplifting and empowering. I encourage all of you to help spread the news about StateDemocracy.org to enable more of our fellow citizens to Connect! Engage! And Empower! Sincerely, Ken Laureys, Executive Director StateDemocracy Foundation Ken.Laureys@StateDemocracy.org
P.S. If you are interested in becoming more involved in our StateDemocracy Foundation -- including volunteering as an Advisory Board Member -- please contact me.
RonNYC
· 1 year ago
While those numbers look bad, you have to factor in inflation and therefore subtract a few more percentage points. The Dow will likely end lower in absolute dollars by early 2009 when the idiot leaves office than when the 2001 coup occurred.
scottinsf
· 1 year ago
Not only inflation but the value of the dollar against foreign currencies is nowhere near what it was.
AnalyticalLiberal
· 1 year ago
I've had the DJ # - 10,587 - tacked to my office bulletin board for the last 22 months. This is the phony number that the CCCP (Compliant Complicit Corporate Press) uses, in conjunction with BushCo and the rest of his enablers, to show us how well the economy is doing. This is a BS number for most Americans; it really only applies to the haves and the have-mores.
The free-marketers and the neocons have raided the U.S. Treasury: first, with their phony "war on terror" scams in Iraq and Afghanistan, and now with these "rescues" of the big Wall Street whores that did nothing but shuffle Frankenstein-type financial paper to each other to make obscene profits for themselves (taxed at only 15% if at all) and now to saddle the taxpayers with their REAL losses.
But, good news my friends: John McSame has suddenly had his epiphany and is now the most rabid populist reformer and market regulator! I feel so much better now...
DougStamate
· 1 year ago
This is what passes for competency among the Republican financial elite? Can they even balance their own checkbooks/credit card statements? They aren't fit to run a paper route, let alone billion-dollar corporations. And if we're going to have to live through another "Great Depression", thanks to these imbeciles, then I want Fred Allen back on the radio. And "Ma Perkins", too - gotta have something to listen to while darning my socks and remembering what food tasted like.
All Comments
I recall this from Cheney during the 2000 V.P. debate: "We can do better."
As far as changes: Make publicly traded corporations provide tenure to the bulk of their employees, the way Japan does. If forces the a bias towards employee interest, which as the Japanese have proved, is a better proxy for long term shareholder interest and company competitiveness.
He is a man I honestly believe without a conscious. It bothers him not that the country is in terrible financial decline. He is not been seen trying to calm the citizens, no he does what he does very well in rough times, hides out. I think his absence of public appearance is two fold, just his cowardly nature AND to prevent further embarrassment to the Republican party now seeking another four years in the White House. It surely would not be helpful to McCain who supported him 90% of the time.
http://www.realchange.org/bushjr.htm#insider
Some institutions are hiding the numbers now; one he mentioned has taken their whole lump of bad loans, purchased from another bank, and have "isolated" them, going through each loan, one by one. It's basically buying them some time, but the write-offs will have to come eventually.
In his opinion, you're looking at more bad news like we've seen the past few days for another year or year and a half. On top of that, we're looking at a national debt that can't be supported by the tax base that's available, perhaps for a couple of decades.
Dear Citizen:
Are you ready yet for the November 4th Elections? How about your friends, family, and neighbors?
More Americans are expected to vote this year than ever before in history, so don’t be left out! Be sure to ask everyone you know the following questions:
Are you registered to vote? If you moved recently, have you updated your voter registration?
Did you apply for an Absentee Ballot? Do you know your state may not require any reason?
Can you find your local Polling Place? Do you know it may have changed from last time?
The answers to these questions -- and all your voting needs -- can be found at www.StateDemocracy.org -- the FREE 1-Stop citizen empowerment portal that Delivers Democracy to your Desktop! StateDemocracy is among the Internet’s first (since 2001) and most encompassing civic empowerment tools.
In order to boost voter participation this year, StateDemocracy.org is offering FREE widgets for all 50 states. You can simply download and embed these widgets into your own website so your visitors can register to vote, get an absentee ballot or find their local polling place.
Lobby Congress Via StateDemocracy
StateDemocracy.org also equips you to maintain an active dialog with your state and federal lawmakers once they are elected. And RIGHT NOW is an especially opportune time to contact your U.S. Senators and House Member, as Congress takes up major legislation on such issues as offshore oil drilling, another economic stimulus package and all federal appropriations bills over the next few weeks.
As you lobby your elected officials, remember that lawmakers view your constituent input as reflective of scores of other citizens who felt similarly, but didn’t have (or take) the time to share their opinions.
LobbyDelegates.com Further Empowered Grassroots Voices
Over the past 5 months, you may have visited www.LobbyDelegates.com, along with 26,000 other visitors. This latest public interest portal by the StateDemocracy Foundation remained the only online tool enabling rank-and-file Democrats to lobby all 800+ Super Delegates on which candidate to back for the party’s Presidential nomination.
StateDemocracy Foundation Website Users Unite!
Many of you have used our StateDemocracy.org and LobbyDelegates.com tools in recent times, and have hopefully found your experience uplifting and empowering. I encourage all of you to help spread the news about StateDemocracy.org to enable more of our fellow citizens to Connect! Engage! And Empower!
Sincerely,
Ken Laureys, Executive Director
StateDemocracy Foundation
Ken.Laureys@StateDemocracy.org
P.S. If you are interested in becoming more involved in our StateDemocracy Foundation -- including volunteering as an Advisory Board Member -- please contact me.
The free-marketers and the neocons have raided the U.S. Treasury: first, with their phony "war on terror" scams in Iraq and Afghanistan, and now with these "rescues" of the big Wall Street whores that did nothing but shuffle Frankenstein-type financial paper to each other to make obscene profits for themselves (taxed at only 15% if at all) and now to saddle the taxpayers with their REAL losses.
But, good news my friends: John McSame has suddenly had his epiphany and is now the most rabid populist reformer and market regulator! I feel so much better now...
And if we're going to have to live through another "Great Depression", thanks to these imbeciles, then I want Fred Allen back on the radio. And "Ma Perkins", too - gotta have something to listen to while darning my socks and remembering what food tasted like.