Lets discuss the Obama Stimulus

[IDBillzFan]

Good news. Wall Street has shown tremendous confidence in the new administration's Stimulus Plan, and with the Dow taking yet another dump today and getting ridiculously close to dipping into the 6000s, it looks like an absolutely terrific time to start increasing your 401K contributions.

 

The only thing that could possibly inspire more confidence is if Obama somehow puts Joe Biden in charge as The Stimulus Czar.

 

Be careful what you ask for, as you will surely get it.

[Alaska Darin]

Good news. Wall Street has shown tremendous confidence in the new administration's Stimulus Plan, and with the Dow taking yet another dump today and getting ridiculously close to dipping into the 6000s, it looks like an absolutely terrific time to start increasing your 401K contributions.

 

The only thing that could possibly inspire more confidence is if Obama somehow puts Joe Biden in charge as The Stimulus Czar.

 

Be careful what you ask for, as you will surely get it.

Wall Street understands that the government trying to spend its way outta a problem that they spent their way into probably isn't the wisest choice.

 

Change We Need.

[StupidNation]

Wall Street understands that the government trying to spend its way outta a problem that they spent their way into probably isn't the wisest choice.

 

Change We Need.

 

I think the saying "Change you can believe in" was really about the "change in our pockets" we are left with.

[UBinVA]

You are right that this creation of government jobs by the previous administration and building of a deficit and wasteful spending (how do you spell Iraq?) is bad. But the stimulus bill i've been looking at seems with the tax break not to be increasing govt jobs. With the state assistance it will barely keep essential functions running, with the infrastructure and energy portions it would necessary create bricks and mortar not government jobs. I understand your point and share your concern...but the stimulus bill just doesn't wash as a socialist program.

 

tennesseeboy is as stupid as his avatar. Hopefully the Rev. Al won't see it and come to Bush's defense. He's too busy shaking down corporations.

 

As far as socialism goes, we are getting closer than most people think. Things don't happen over night and slowly (more rapidly with Obama and this "crisis") the government will start to take over all forms of businesses. Maxine Waters already said so. http://www.youtube.com/watch?v=PUaY3LhJ-IQ It's a slow bleed and it's already on the way. Obama wants to drive this economy into the ground even further so that more fear will send the stupid American public into clamoring for an all out Government take over of everything.

 

Unfortunately, Obama will run out of time and the next election cycle will bring adults back to congress and the White House.

[IDBillzFan]

Unfortunately, Obama will run out of time and the next election cycle will bring adults back to congress and the White House.

Not sure how much truth there is to this, but someone told me today that a good portion of the stimulus will not have been spent in two years, and Americans will actually be so fed up with the Democrats driving this country into the ground that they could lose significant seats in Congress to Republicans in 2010, and the Republicans could possibly halt the remaining spending at that point.

 

Again, not sure if there is any validity there, but it definitely warrants me digging into it. If there is a way to stop the embarrassing way these people are taking the money from responsible people and funding the efforts of the irresponsible, I'm all ears at this point.

[bills_fan]

Wall Street understands that the government trying to spend its way outta a problem that they spent their way into probably isn't the wisest choice.

 

Change We Need.

 

 

A part of it is the stimulus, but the real big problem is that the gov't keeps changing the rules. You'll notice the street has absolutely tanked since Geithner unveiled his infamous "non-plan" to bail out banks. At this point, I really don't care if the banks are nationalized or not, all I want is the gov't to announce what they are going to do, then shut up, stick to it and do it. Anything else will continue to crush the market with its volatility and my 2009 market low of S&P 600 is looking downright optimistic. The uncertainty over what the government will or will not do is absolutely devastating the market right now.

[blzrul]

The problem is that the chickenshit investors seem to have been stupid enough to really think there was a magic wand to be waved by the government. No-one ever claimed that to be the case.

 

I'm still investing. Buy low, sell high.

[DC Tom]

The problem is that the chickenshit investors seem to have been stupid enough to really think there was a magic wand to be waved by the government. No-one ever claimed that to be the case.

 

I'm still investing. Buy low, sell high.

 

Actually the problem with the chickenshit investors is that the government's taking positions in public companies (did I hear something today about the government owning 40% of Citigroup?) that are senior to the positions of other equity holders. And no one wants to have a junior stake in an ailing company subordinate to the whims of the federal government.

 

It's really not all that chickenshit, when you get down to it. As a Citi shareholder, if I'm told that Nancy friggin' Pelosi can screw me over as an "American Taxpayer" to "protect the American Taxpayer"...where's my upside? I'm going to get my !@#$ing face ripped off either way.

[blzrul]

Actually the problem with the chickenshit investors is that the government's taking positions in public companies (did I hear something today about the government owning 40% of Citigroup?) that are senior to the positions of other equity holders. And no one wants to have a junior stake in an ailing company subordinate to the whims of the federal government.

 

It's really not all that chickenshit, when you get down to it. As a Citi shareholder, if I'm told that Nancy friggin' Pelosi can screw me over as an "American Taxpayer" to "protect the American Taxpayer"...where's my upside? I'm going to get my !@#$ing face ripped off either way.

I don't own ANY financial stocks...and I thought you got out.

 

Nancy Pelosi. Ugh.

[ExiledInIllinois]

The problem is that the chickenshit investors seem to have been stupid enough to really think there was a magic wand to be waved by the government. No-one ever claimed that to be the case.

 

I'm still investing. Buy low, sell high.

 

Maybe with regards to individual investing...But, not with my nest egg/retirement!

 

I stemmed the tied early and I am out entirely (my retirement). Since Septemeber of last year I have nothing invested (my retirement) in the anything that can lose... It is all in a secure positive earning fund.

 

I suspect a lot of people are doing that. ?? None of my money is anywhere near where it can keep the market up... See what I am saying? The market is gonna keep going down, I freely admit that I am not helping it... I am not going to keep losing money, I stemmed the lose last year at only 5k (chump change).

 

It is all a confidence game that kept this market at over-valued numbers. Let it go where it naturally has to go.

 

If I want to keep losing money, I will go to the boat and lose it by having at least a little fun for my buck.

 

I have always been very conservative with my retirement... Almost to the point where I seen this coming (just didn't know when... I alwys suspected when the first Baby-Boomer hit 65 or so). I always played the game small and watched my earnings grow steadily AND WHAT I FEEL IS FAIR AND NOT TOO GREEDY. By this, I am not attached to mega loses. That has always been my philosophy. I may not have as much as other people, but I didn't lose my shirt and I still have a ton of money socked away at a fairly young age (40).

 

Slow and steady wins the race.

[PastaJoe]

Not sure how much truth there is to this, but someone told me today that a good portion of the stimulus will not have been spent in two years, and Americans will actually be so fed up with the Democrats driving this country into the ground that they could lose significant seats in Congress to Republicans in 2010, and the Republicans could possibly halt the remaining spending at that point.

 

What that 'someone' Rush or Hannity? Democrats driving this country into the ground? That's like the Republican driver blaming the Democrat tow truck driver because it's taking longer and costing more to get their Mercedes out of the ditch they drove it into, because they're in a hurry to get right back on the road so they can continue to drive recklessly.

 

Again, not sure if there is any validity there, but it definitely warrants me digging into it. If there is a way to stop the embarrassing way these people are taking the money from responsible people and funding the efforts of the irresponsible, I'm all ears at this point.

 

You mean the irresponsible people who cut taxes while fighting two wars which weren't included in the budget, and then voted for large increases in federal spending? Those irresponsible people? Bush and the Republican majority?

[John Adams]

A part of it is the stimulus, but the real big problem is that the gov't keeps changing the rules. You'll notice the street has absolutely tanked since Geithner unveiled his infamous "non-plan" to bail out banks. At this point, I really don't care if the banks are nationalized or not, all I want is the gov't to announce what they are going to do, then shut up, stick to it and do it.

 

Winner winner chicken dinner.

 

Since they aren't going to do what I want, I'll settle for the above.

[John Adams]

You mean the irresponsible people who cut taxes while fighting two wars which weren't included in the budget, and then voted for large increases in federal spending? Those irresponsible people? Bush and the Republican majority?

 

Yes, them too.

[VABills]

What that 'someone' Rush or Hannity? Democrats driving this country into the ground? That's like the Republican driver blaming the Democrat tow truck driver because it's taking longer and costing more to get their Mercedes out of the ditch they drove it into, because they're in a hurry to get right back on the road so they can continue to drive recklessly.

 

 

 

You mean the irresponsible people who cut taxes while fighting two wars which weren't included in the budget, and then voted for large increases in federal spending? Those irresponsible people? Bush and the Democrat majority (Last 4 years)?

corrected that for you

[DC Tom]

corrected that for you

 

I think you meant two years.

 

But in one year, it'll be a decade anyway...

[BillsFanNC]

Maybe with regards to individual investing...But, not with my nest egg/retirement!

 

I stemmed the tied early and I am out entirely (my retirement). Since Septemeber of last year I have nothing invested (my retirement) in the anything that can lose... It is all in a secure positive earning fund.

 

I suspect a lot of people are doing that. ?? None of my money is anywhere near where it can keep the market up... See what I am saying? The market is gonna keep going down, I freely admit that I am not helping it... I am not going to keep losing money, I stemmed the lose last year at only 5k (chump change).

 

It is all a confidence game that kept this market at over-valued numbers. Let it go where it naturally has to go.

 

If I want to keep losing money, I will go to the boat and lose it by having at least a little fun for my buck.

 

I have always been very conservative with my retirement... Almost to the point where I seen this coming (just didn't know when... I alwys suspected when the first Baby-Boomer hit 65 or so). I always played the game small and watched my earnings grow steadily AND WHAT I FEEL IS FAIR AND NOT TOO GREEDY. By this, I am not attached to mega loses. That has always been my philosophy. I may not have as much as other people, but I didn't lose my shirt and I still have a ton of money socked away at a fairly young age (40).

 

Slow and steady wins the race.

 

By doing this you are engaging in the practice of market timing. Academic research has shown this to be a very unwise investment strategy. Dr. William Bernstein's book The Four Pillars Of Investing is absolutely required reading for any investor. As he says in the book, young investors should get down on their hands and knees and pray for a market crash.

[IDBillzFan]

What that 'someone' Rush or Hannity? Democrats driving this country into the ground? That's like the Republican driver blaming the Democrat tow truck driver because it's taking longer and costing more to get their Mercedes out of the ditch they drove it into, because they're in a hurry to get right back on the road so they can continue to drive recklessly.

 

 

 

You mean the irresponsible people who cut taxes while fighting two wars which weren't included in the budget, and then voted for large increases in federal spending? Those irresponsible people? Bush and the Republican majority?

So in review, if someone has an alternate concept to yours, it clearly came from some right wing radio talking head. And if an elected official did something wrong, it clearly was either done by, or caused by, a Republican. I guess I can understand your line of thinking as it just like listening to Keith Olbermann and Bill Maher in a cage match.

 

After some digging, I learned that only two presidents in this history of this country -- FDR and GWB -- have ever gained seats in the House and Senate at their first mid-term election. I suspect Bush was helped by 9/11, so I don't think it's stretching the realm of possibility that unless we are attacked again (which probably won't happen in the next two years while Obama spends his time trying to make friends with everyone who hates us), Obama's administration could lose critical seats, and if he loses critical seats, he could have his spending bill halted at the midway point.

 

Gee. Seems like we DON'T need a radio personality to tell us what can happen, but I appreciate -- as always -- your incredibly myopic take on everything.

[VABills]

I think you meant two years.

 

But in one year, it'll be a decade anyway...

I think reps has been 4 and senate 2.

[PastaJoe]

So in review, if someone has an alternate concept to yours, it clearly came from some right wing radio talking head. And if an elected official did something wrong, it clearly was either done by, or caused by, a Republican. I guess I can understand your line of thinking as it just like listening to Keith Olbermann and Bill Maher in a cage match.

 

It wasn't the Democrats that supported cutting taxes while fighting two wars which weren't included in the budget, that was Bush and the then-Republican majority. And the Republicans want to still continue that failed budget policy. I gave you the benefit of the doubt and assumed the ridiculous statements must have come from the right wing talking heads, not from someone you knew. Sorry.

[John Adams]

It wasn't the Democrats that supported cutting taxes while fighting two wars which weren't included in the budget, that was Bush and the then-Republican majority. And the Republicans want to still continue that failed budget policy. I gave you the benefit of the doubt and assumed the ridiculous statements must have come from the right wing talking heads, not from someone you knew. Sorry.

 

I said it before: In the lsat 20 years, at least the Democrats are intellectually honest. They spend more AND tax more. The Repubs tend to spend more and tax LESS.