brianna_chelsea
New member
but they are willing to let the country default, when there is no reason for it to. nobody is demanding we get under the debt limit but ourselves.
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Its 5:30 CST July 24, the calm before the storm
- Thread starter ejp1220
- Start date
chicana_lulu
New member
Why are we going in circles? They will not let the country default.
its pretty sinister. they want to cut entitlements at a time when the economy is sputtering at best.
the time to do this reform is when the economy is good, and you can afford to cut 200 billion or so out of govt spending.
you arent oRABetting the spending cut with tax cuts to make up for revenue.....its austerity....and i doubt this will save us any money at all.
the time to do this reform is when the economy is good, and you can afford to cut 200 billion or so out of govt spending.
you arent oRABetting the spending cut with tax cuts to make up for revenue.....its austerity....and i doubt this will save us any money at all.
Alisha Shay Shay
New member
okay you got me there.
they are willing to stop making the federal government operate.
which is probably what they want in the end.
they are willing to stop making the federal government operate.
which is probably what they want in the end.
Your Sister in Islam
New member
maybe not that many. people will keep showing up for fear of getting fired.
paychecks, that's a different story.
paychecks, that's a different story.
I dunno.
Obama doesn't want this in the 2012 cycle. and its hard to imagine people would be in the mood to compromise then on tough, painful choices.
you are only talking about a few month extension at best.
I would like to think you are right that there will be an extension, but you nver know until you know right?
Obama doesn't want this in the 2012 cycle. and its hard to imagine people would be in the mood to compromise then on tough, painful choices.
you are only talking about a few month extension at best.
I would like to think you are right that there will be an extension, but you nver know until you know right?
flossyb182
New member
well, riddle me this....
the congress didn't pass the bailout on the first go around, then they did after a few days of market mayhem....
oh by the way, can't wait until week 1.
the congress didn't pass the bailout on the first go around, then they did after a few days of market mayhem....
oh by the way, can't wait until week 1.
Hooker Stabber
New member
Market mayhem was created by congress. It was nothing but a fear reaction because of what they said would happen in the long run if it wasn't passed. There was no real reason behind it other than fear. You are trying to compare an emotional illogical market reaction to cold hard nurabers. You can't do it.
im not so sure about that. You saw dramatic swings before the bailout passed, after it passed....during the vote itself....
to say that the markets were spooked by congress trying to scare everyone I don't think jives with reality.
the libor rates after lehman went down don't lie. banks stopped lending to each other.
and merrill lynch was done. bear stearns was done after almost 100 years. citi should have been done. aig was done. bank of america still has big problems in my opnion, but back then they were sitting on a pile of nuclear countrywide. wachovia....
thats not even counting overseas banks like deutsche bank.
to say that it was congress who spooked the markets I think is incorrect.
to say that the markets were spooked by congress trying to scare everyone I don't think jives with reality.
the libor rates after lehman went down don't lie. banks stopped lending to each other.
and merrill lynch was done. bear stearns was done after almost 100 years. citi should have been done. aig was done. bank of america still has big problems in my opnion, but back then they were sitting on a pile of nuclear countrywide. wachovia....
thats not even counting overseas banks like deutsche bank.
to say that it was congress who spooked the markets I think is incorrect.
elaina. :D
New member
It's the frequency at which we are hitting those temperatures now you dolt. There was a 20 year span between those two nurabers. Now that span is shorter and shorter.
Camillus Fly
New member
Nothing too serious so far. The stock market and the dollar down a little, gold up a little. It may be that since market panic is recent memory we don't have another one. It may be that gold takes its time going up. It may be that the dollar takes the beating, its around 73.5 right now and hit a low of 71.5? in 08.
This is different then 08.
This is different then 08.