yep

"our new president's policies are designed to radically re-engineer the market-based U.S. economy"

Oops, you're a wingnut. Next article, please.

hopefully people will stop worshiping the Stock Market, and get on with their lives.

kronicfeld: "our new president's policies are designed to radically re-engineer the market-based U.S. economy"

Oops, you're a wingnut. Next article, please.

How is someone a wignut for stating the obvious? Something Obama's people have all but admitted in those words to doing. They have yet to say "we are not attacking the market-based system in the U.S. with our proposals."

I thought this was all fun and games until I realized that my wife will not have a job in a few months - Obama's policy cited as the reason. She works for a liberal university!

The reality is, if the DIJA goes to 0, it means thirty companies out of the thousands in the US went bust.

simplicimus: The reality is, if the DIJA goes to 0, it means thirty companies out of the thousands in the US went bust.

I will admit that I know very little about the stock market. But are you saying that if your stock price drops to zero that you have no employees, product or customers? I really don't understand how all the theoretical money has a direct, immediate impact on the real world.

Man On Fire: hopefully people will stop worshiping the Stock Market, and get on with their lives.

Soon. When they have no money left, they'll have to "get over it". Might as well just close it down.

this becomes prophetic?

GaryPDX: Man On Fire: hopefully people will stop worshiping the Stock Market, and get on with their lives.

Soon. When they have no money left, they'll have to "get over it". Might as well just close it down.

while i am not happy about my 401k deflating, and i understand the fundamental economic problems that would ensue from the complete collapse of the capital markets...

there are a lot of people in america who didn't actually have money, or wealth, or value. they had pretend wealth. there are assets that have intrinsic value, and then there are assets that have only theoretical or market value.

i'd imagine this whole ordeal will make people remember that it's not a bad idea to have real assets with real value to protect yourself from the suddenly collapse of your market investments.

burndtdan: i'd imagine this whole ordeal will make people remember that it's not a bad idea to have real assets with real value to protect yourself from the suddenly collapse of your market investments.

lol..Arrr..like a chest full of gold booty!!

jchic: simplicimus: The reality is, if the DIJA goes to 0, it means thirty companies out of the thousands in the US went bust.

I will admit that I know very little about the stock market. But are you saying that if your stock price drops to zero that you have no employees, product or customers? I really don't understand how all the theoretical money has a direct, immediate impact on the real world.

If the stock price is 0, the company is probably out of business. It would mean that debt is => capital + revenue.

EVERYBODY PANIC

burndtdan: i'd imagine this whole ordeal will make people remember that it's not a bad idea to have real assets with real value to protect yourself from the suddenly collapse of your market investments.

On this topic guns do doubble duty, Firstly they have real Value, and they can work as a form of protection.

It totaly sucks that the tens of thousands of dollars of Fake money I had accumlated may be valueless, but it will be worth it if i get the breakdown of socity that I was prommised for Y2K; MadMax future, here I come!

We'll soon find out one way or another...

Just like those that unabashedly supported Bush, I wonder if the Obamaniacs will do the same.

bradkanus: They have yet to say "we are not attacking the market-based system in the U.S. with our proposals."

and they also haven't denied that they enjoy roasting puppies with garlic sauce. hmmmmmmm

burndtdan: i'd imagine this whole ordeal will make people remember that it's not a bad idea to have real assets with real value to protect yourself from the suddenly collapse of your market investments.

Yeah, like a nice house.

Oh, shiat. Okay, better stockpile canned food and shotgun shells.

Give AIG another $100 billion?

I'm shocked that someone writing for the WSJ thinks Bush's big tax cuts for the wealthiest Americans must be preserved. Because the market did so horribly before those cuts. Yessir, terrible market indeed during the Clinton years...

patrick767: I'm shocked that someone writing for the WSJ thinks Bush's big tax cuts for the wealthiest Americans must be preserved. Because the market did so horribly before those cuts. Yessir, terrible market indeed during the Clinton years...

You mean before the tech bubble burst and the mortgage crisis was still just festering and a decade of poor lending practices trashed the credit market? Oh, yeah, raising capital gains will return us to the halcyon days of the Clinton years, I am sure. By all means, while the market is panicking and showing no faith in the current political landscape, go ahead and throw that log on the fire.

A European style social welfare state like Sweden or Denmark? Where the kids are well educated, the population is healthy and has access to health care, and you get four months of paid vacation?

We should be so lucky!

It doesn't matter. It's all profit.



Then finally, when
there's nothing left...



...when you can't borrow
another buck from the bank...



...you bust the joint out.
You light a match.

The Icelander: We should be so lucky!

You could always move.

bradkanus: How is someone a wignut for stating the obvious? Something Obama's people have all but admitted in those words to doing.

Please share some quotes for us.

bradkanus: I thought this was all fun and games until I realized that my wife will not have a job in a few months - Obama's policy cited as the reason. She works for a liberal university!

So aside from Obama wanting to make it easier for kids to get college money, how is Obama trying to shut down Universities?

The Icelander: A European style social welfare state like Sweden or Denmark? Where the kids are well educated, the population is healthy and has access to health care, and you get four months of paid vacation?

We should be so lucky!

But all the rich people like ABBA and Bjorn Borg left Sweden because of the taxes. Rush told me so.

Nabb1: burndtdan: i'd imagine this whole ordeal will make people remember that it's not a bad idea to have real assets with real value to protect yourself from the suddenly collapse of your market investments.

Yeah, like a nice house.

Oh, shiat. Okay, better stockpile canned food and shotgun shells.

i was thinking more along the lines of nascar collector plates.

slayer199: We'll soon find out one way or another...

Just like those that unabashedly supported Bush, I wonder if the Obamaniacs will do the same.

He's been in office for 45 days. I'd say that considering the giant problems that were facing him on day 1, he's doing very well.

What the hell would McCain have done differently? Let me guess: CUT TAXES!!!!!

Lando Lincoln: slayer199: We'll soon find out one way or another...

Just like those that unabashedly supported Bush, I wonder if the Obamaniacs will do the same.

He's been in office for 45 days. I'd say that considering the giant problems that were facing him on day 1, he's doing very well.

What the hell would McCain have done differently? Let me guess: CUT TAXES!!!!!

McCain knows how important the markets are. He would have suspended his Presidency until this issue could be resolved. Obama is just rolling along with his Presidency as if nothing is wrong.

mrshowrules: McCain knows how important the markets are. He would have suspended his Presidency until this issue could be resolved. Obama is just rolling along with his Presidency as if nothing is wrong.

drinking beer and sleeping

bradkanus: I thought this was all fun and games until I realized that my wife will not have a job in a few months - Obama's policy cited as the reason. She works for a liberal university!

He's not closing down universities. And the stimulus bill included research money, which saved jobs on research-based campuses.

So I'm guessing that "cited" means "blamed without evidence."

Dancin_In_Anson: The Icelander: We should be so lucky!

You could always move.

Believe me, I've looked into it.

But this way I don't have to move. Hooray!

The Icelander: Believe me, I've looked into it.

What stopped you?

But this way I don't have to move. Hooray!

You think that Washington will be able to duplicate your Socialist Paradise? Nilla, please.

"The illusion of freedom wealth will continue as long as it's profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way, and you will see the brick wall at the back of the theatre."Frank Zappa (1977)

/FTFFrank

"draconian defense drawdown"

Holy mixed-metaphors Batman! To the hyperbolemobile!

burndtdan: i'd imagine this whole ordeal will make people remember that it's not a bad idea to have real assets with real value to protect yourself from the suddenly collapse of your market investments.

That won't happen unless the markets bottom out completely. If there's any shred of the old way left when it turns around then it'll just regrow again. kind of like a .... Thing that regrows completely from a tiny bit of itself.

Hey look, it's the same old right-wing talking points that were old and stale when Reagan was a young man!

The one surprising exception was the author's objection to a free market cap-and-trade plan for emissions reduction; said author bizarrely favouring a straight carbon tax.

If that doesn't tell you this article is 100% pure partisanship, I dunno what will.

Alacritous: kind of like a .... Thing that regrows completely from a tiny bit of itself.

Cancer.

I'm stocking up on cans of sterno. Fresh meat shouldn't be a problem. We have plenty of stray cats in the neighborhood.

What's amusing is that the republicans blamed Clinton for 9/11 (cuts in the military, not taking out bin Laden, blah, blah, blah), yet those same people consider anything happening after 1/20/2009 to be solely Obama's fault.

Where would the stock market be today if McCain were president and heeded the conservatives' opinion of doing nothing (except maybe tax cuts.) The market would be in the same place, or lower because of GM and Chrysler filing bankruptcy and even more financial institutions going belly up.

As has been mentioned the Dow or rather Dow Jones Industrial Average, involves 30 companies. And they can, and have, change what companies make up the 30. But if the DJIA tanked, that doesn't mean the stock market as a whole has. Nor does it say anything much about anyone except the companies involved.

Also, it's time to start pulling SEC licenses. You spread unmitigated bullshiat like in TFA, and you have an SEC license? Not any more you don't. Nor will you ever again.

MangoMan: What's amusing is that the republicans blamed Clinton for 9/11 (cuts in the military, not taking out bin Laden, blah, blah, blah), yet those same people consider anything happening after 1/20/2009 to be solely Obama's fault.

Those two events are not even close to being similar. You are treating before and after as the same. Clinton was largely responsible for what happened before 9/11. Bush was responsible for what actions were taken after that.

Government and the market as a whole, Bush included, was responsible for the conditions before the market meldtown. Obama is now responsible for what happens after he took office.

Where would the stock market be today if McCain were president and heeded the conservatives' opinion of doing nothing (except maybe tax cuts.) The market would be in the same place, or lower because of GM and Chrysler filing bankruptcy and even more financial institutions going belly up.

The market would very likely be in the same place. However, those companies would have gone bankrupt, their assets sold, and other companies take their place. After a quite a bit of hurting the market would have settled down, the good businesses will have survived and bought the remains of the bad companies, and we could start to build our economy on real wealth and not fictitious wealth.

All that would be done without trillions of dollars being borrowed or printed by the government.

There is no guarantee that those same companies that went bankrupt in the above scenario still won't go bankrupt under the Obama plan. The government distortions prevent accurate determinations of a companies wealth and debt and makes it difficult for investors to be confident in a companies future.

There is a strong chance that we could end up in the same place as the "do nothing" scenario, except that it would take years longer and incur trillions of dollars worth of national debt. That is the issue that people like me have with Obama's actions.

Crosshair: All that would be done without trillions of dollars being borrowed or printed by the government.

And you'd have 25%+ unemployment, and a whole lot of nasty shiat would be going down right about now.

WhyteRaven74: Also, it's time to start pulling SEC licenses. You spread unmitigated bullshiat like in TFA, and you have an SEC license? Not any more you don't. Nor will you ever again.

Ah, so you have access to a time machine and can tell us exactly what the future holds? Hmm, you don't. Then how do you know that TFA will be wrong on any points the author made? Perhaps you could post a skilled rebuttal to TFA instead of calling the author a poopie head. That would certainly lend credibility to your viewpoint

So you advocate robbing a person of their livelyhood based on them publishing their opinion about the direction the economy is going? That's a dangerous precedent to set. When someone who opposes YOUR views gets into office what do you think will happen?

Short sighted thinking leads to long term problems.

/Yea, I fed a troll, so sue me.

Dancin_In_Anson: What stopped you?

Obama got elected.

Dancin_In_Anson: You think that Washington will be able to duplicate your Socialist Paradise? Nilla, please.

Yeah, I know. Americans suck at anything other than going fast, turning left, and bombing the shiat out of brown people.