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Congrats to the Government
- Thread starter flipflopper
- Start date
Quote from Sponger:
Question - what would it take in this country for the citizens of the U.S. to exercise their Constitutional right to literally wipe the slate clean in all government offices and start anew? And don't say vote Democrat vs. Republican, the two party system IS the problem. Anyone????
Well, we had a Revolution 230 years ago to rid us of the oppression of King George III.
Something again like that.. to rid us of our own self-serving, thieving Federal Gummint we have now.
Quote from GermanTrader:
If the government would just let the market correct, it would hit 7,000 and then rise to a new bull market. Unless it is allowed to drop on its own and self-correct, the problems in the economy will be put to sleep only to awaken even more distressed than they are right now.
Traders like predictable volatility. traders don't like erratic swings that cannot be mapped out. All this tinkering is just propping up what should be allowed to fall. The baby chick will not live long if the mother helps him out of the shell.
What the hell use is a free market if the Fed keeps screwing with it? At what point do we fix the damned problems and let the chips fall where they may? Depression, because then, there is no choice.
Many have disagreed with me, it seems everytime the market goes into some type of turmoil the federal reserve steps in a pumps it back up, what many do not understand is that this is making matters worse, not better. What greenspan did in 2001-2002 by lowering rates to historical lows was the WORSE he could have ever done for this economy, he created easy credit and great liquidity that hurt this economy. What bernanke is doing now is going to create more problems in the long run, bailing out these companies is not the way to go about and fix the problem, free markets dont apply to wallstreet. If it were not for the liquidity injections, low interest rates and bailouts over the last 18 months the markets would be 25-40% lower than they are today. They step in every single time there is a problem and try to sugar coat it as if everything is better than what actually is. Im sure bernanke is going to lower rates even lower now that the dollar has propped up and commodities have collapsed.
Quote from makloda:
Bunning should have added how he thought he woke up in the Soviet Union in 1979 (Chrysler bailout) and 1989 (RTC S&L bailout) and how he was completely wrong then.
Since both bailouts destroyed huge amounts of value (before we even count the costs of the moral hazard), I'd say he was spot on both times.