America Is Doooooooooooooooooooooooomed!! Downgrade Tonite!

[Random.Capital]

Quote from endsongs:

Yes, the country was in a slight recession with a downturn in the business cycle when Carter left office. However, reessions and downturns always happen, and, obviously, still happen to this very day. The key is to ride them out and not damage this country's long term future by running up debt to solve a problem that will solve itself over time.

The person you are responding too is just more evidence that American voters love big government and love big deficits. Carter was trying to do the responsible thing and got booted out in favor of a charlatan who promised everything and charged it all to the federal credit card.

American voters will not accept pain, as the few honest TPers in the House discovered these past few months.

 

[KINGOFSHORTS]

Quote from Random.Capital:

Well, now we know what the last two weeks was about.

At this point, everybody is going to be expecting a blood bath on Monday. I dunno, I'd be inclined to lay a bet the other way. But only in a way that had strictly limited downside (and I don't mean stops) - because it truly be carnage.

No these last two weeks was warmup. You aint seen nothing yet.

Monday will be a the equivalent of Pearl Harbor on the stockmarket.

 

[EMRGLOBAL]

DONE, FINISHED!

First time ever in the history of the US.

How is that HOPE AND CHANGE WORKING OUT FOR YOU AMERICA! YOU VOTED FOR HIM, NOW YOU HAVE HIM FOR FOUR MORE YEARS....

Officle NANNY STATE

 

[MKTrader]

Quote from Random.Capital:

The person you are responding too is just more evidence that American voters love big government and love big deficits. Carter was trying to do the responsible thing and got booted out in favor of a charlatan who promised everything and charged it all to the federal credit card.

American voters will not accept pain, as the few honest TPers in the House discovered these past few months.

Oh yes, I just loooove big gummint and them deficits!

Did you read my post?!

I oppose the warfare and welfare states that got us here. But Carter was a disaster. Among other things, he started the Dept's of Energy and Education, setting a precedent for centralized bureaucrats to do nothing but draw salaries, waste taxes and come up with draconian regulations. And his policies had a lot to do with the stagflation, then high inflation, then high unemployment that followed.

 

[Messi007]

Quote from Random.Capital:

The person you are responding too is just more evidence that American voters love big government and love big deficits. Carter was trying to do the responsible thing and got booted out in favor of a charlatan who promised everything and charged it all to the federal credit card.

American voters will not accept pain, as the few honest TPers in the House discovered these past few months.

You'r talking about Hussein Obama, right?

 

[KINGOFSHORTS]

 

[Messi007]

Quote from endsongs:

Yes, the country was in a slight recession with a downturn in the business cycle when Carter left office. However, reessions and downturns always happen, and, obviously, still happen to this very day. The key is to ride them out and not damage this country's long term future by running up debt to solve a problem that will solve itself over time.

It's clear that 30+ years (after Carter left office) of using debt in the form of tax cuts and spending to "stimulate" the economy out of recessions has failed the long term test. It will probably be looked back on as a noble experiment, but one that was fundamentally doomed from the start. Jimmy Carter made the right decision to try to ride out the cyclical nature of the recession and not mortgage this country's future by stimulus, even if it cost him the election.

Debt has been used to stimulate the economy since Roosevelt.

 

[Laissez Faire]

So, did we sell the news this week or was this just a prelude to armageddon?

Surely, the crash we saw this week must have been an anticipation of this downgrade, no? How much is already priced in?

I honestly don`t know how "bad" this is...

 

[KINGOFSHORTS]

Quote from Laissez Faire:

So, did we sell the news this week or was this just a prelude to armageddon?

Surely, the crash we saw this week must have been an anticipation of this downgrade, no? How much is already priced in?

I honestly don`t know how "bad" this is...

This news will hit monday like a ton of bricks. Expect a trading halt monday. Probably a 1 hour halt.

 

[SideShowBob]

Quote from KINGOFSHORTS:

This news will hit monday like a ton of bricks. Expect a trading halt monday. Probably a 1 hour halt.

So where do you put the proceeds from selling all your stocks? The same bonds that got downgraded? Short term bonds? Under the mattress???