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Posted by: not2needy 1 year, 8 months ago

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not2needy1 year, 8 months ago

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FTA:
Even as the Fed battled in almost unprecedented fashion to stem a widening credit and housing slump, some members fretted over the possibility of a "prolonged and severe" economic downturn. It was in that environment that they voted _ with two dissents _ to cut its most important interest rate by three-quarters of a percentage point to 2.25 percent. That action capped the most aggressive Fed intervention in a quarter-century.
Oct. 29th, 1929.. Black Tuesday! Looks like that's where we are headed again.. I wasn't around during the depression, but my Mother told me many things about it. I don't want to go there!

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    not2needy1 year, 8 months ago
    
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    I know loverman, i have been saying it's a scary situation for a while now, the cons are living in oblivion. It's going to be a rude awakening for a lot of people.
    
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      Spadecaller1 year, 8 months ago
      
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      Years ago I predicted these events would transpire. My wife was reminding me the other day how I had said that the day would come that the fallacies of "trickle-down economics" would leave a lasting mark on our economy for years to come. That - combined with corporate welfare, NAFTA, and the Iraq War, the first losers had to me the poor and the middle class; but now the upper middle class, neocons, and republicans will soon be hit like never before. The pitfalls of classicism, elitism, and greed have come to roost.
      
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        markmawn21 year, 8 months ago
        
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        Trickle down leaves a lasting effect only if you forget to wash your jeans, which many Republicans obviously forgot to do.
        Even GHW Bush called it Voodoo economics and admitted it's failure. There is no example ANYWHERE in the world where it has worked.
        
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        simonsez1 year, 8 months ago
        
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        Exactly how is this "trickle-down" economics?
        
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    flyonthewallzz1 year, 8 months ago
    
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    Hey Loverman:
    I could not get your links to work?
    Rats
    
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    not2needy1 year, 8 months ago
    
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    I couldn't get them to work either! Tried several times.
    
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  Werewolfxkl1 year, 8 months ago
  
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  THE FED IS THE CHIEF REASON WE ARE WHERE WE ARE, AND ABOVE ALL EX FED BOSS, ALLAN GREENSPAN.
  THE REALITY IS THAT THE ECONOMY IS OVERGROWN WITH A LOT OF BAD BETS THAT FAILED!!! NOW WE HAVE A GIGANTIC WORLD ECONOMY WITH ALL KINDS OF CRACKS IN IT...SO TO SPEAK.
  THUS IT WILL TUMBLE INTO A PILE OF YOU KNOW WHAT SOON ENOUGH.
  STILL, HILLARY CLINTON COULD HAVE THE ABILITY TO CONTAIN THIS PLIGHT, WHEREAS THE REPUBLICANS COULD NOT REALLY CARE LESS BECAUSE THEY HAVE MONEY!!! HAVING THE MAJORITY OF PEOPLE WITHOUT MONEY IS EXACTLY WHAT THEY WANT SO AS TO CONTINUE THE WAR IN IRAQ AND INTO IRAN....KIDS WITHOUT JOBS WILL BE MORE THAN WILLING TO FIGHT...THIS IS EXACTLY HOW WE SIGNED UP SO MANY PEOPLE IN THE SECOND WORLD WAR....IT WAS DURING THE DEPRESSION AND PEOPLE HAD LITTLE ELSE GOING FOR THEM!!!
  DO NOT TAKE MY COMMENT LIGHTLY, FOR IF YOU THINK ABOUT IT CAREFULLY YOU WILL SEE IT PRETTY MUCH FITS.
  
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