Dow Could Hit 4,000 - Page 2 - GoFuckYourself.com

tony286 · 03-06-2009, 01:05 PM

50% of american businesses dont pay a dime in taxes. Most american business would love the government taking over healthcare, its a expense that's not their problem then. Hong Kong one of the freest markets in the world has government health care. Companies were laying off by the boats loads when they were making record profits.The excuse was to stay lean against the competition while ceos took 100's of million dollars in bonuses.
The market is tanking because banking is unstable and credit is frozen. The company my brother works for has millions of liquid capital and cant get credit lines.
The government has to do a bold move not these fucking half steps. I think Tim G was a rotten choice for Treasury sec.

Splum · 03-06-2009, 01:09 PM

Quote:

Originally Posted by tony404

The market is tanking because banking is unstable and credit is frozen. The company my brother works for has millions of liquid capital and cant get credit lines. The government has to do a bold move not these fucking half steps. I think Tim G was a rotten choice for Treasury sec.

It has moved beyond just that now, the domino effect is in place. The world markets are crashing and that has caused traditional non-financial companies to cut their inventories and forecasts, etc etc.
You are correct, the root problem is the frozen credit, short of nationalizing the banks and forcing credit out there is nothing they can do about that. Unfortunately for Obama he made the situation worse by pushing through a "stimulus" package without addressing that credit problem and instead of a crisis he created a catastrophe, and it may be on the advice of Tim G. Obama has made some serious miscalculations, or gotten REALLY BAD advice.

$5 submissions · 03-06-2009, 04:28 PM

Don't let the "Dead cat bounce" (shorts covering their positions by buying and stock price goes up as a result) fool you. There's still a lot of space to cover...

03-06-2009, 04:28 PM	#54
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	Don't let the "Dead cat bounce" (shorts covering their positions by buying and stock price goes up as a result) fool you. There's still a lot of space to cover... __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants Last edited by $5 submissions; 03-06-2009 at 04:29 PM..

03-06-2009, 01:01 PM	#51
David! By the wrath of Agamemnon Industry Role: Join Date: Apr 2004 Location: Miami Posts: 6,501

03-06-2009, 01:05 PM	#52
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	50% of american businesses dont pay a dime in taxes. Most american business would love the government taking over healthcare, its a expense that's not their problem then. Hong Kong one of the freest markets in the world has government health care. Companies were laying off by the boats loads when they were making record profits.The excuse was to stay lean against the competition while ceos took 100's of million dollars in bonuses. The market is tanking because banking is unstable and credit is frozen. The company my brother works for has millions of liquid capital and cant get credit lines. The government has to do a bold move not these fucking half steps. I think Tim G was a rotten choice for Treasury sec.