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June Was Worst Stock Market Drop Since Great Depression

Original post made by a on Jun 28, 2008

Hey Bush, the self-declared C.E.O. of the U.S.A. Nice job tanking our economy! June was the worst stock market drop since the Great Depression! As Donald Trump would say, YOU'RE FIRED!!!

Comments (11)

Posted by Perspective, a resident of Midtown
on Jun 28, 2008 at 8:39 am

Perspective is a registered user.

You measure by percentage drop, not pure dollars. You measure by economic shrinkage ( we are still expanding), not pure dollars. You measure by amount of living space, amount of food, ease of transportation, amount of disposable income and many other factors to determmine economy.

On all scales, we are still in better economic times than even most of the 90s. On all scales, the last year of Clinton's reign was worse, economically, than now. But, of course, all we heard was how great our economy was then.

With the constant and unending drumbeat of Democrats and Media ( the employees of Democrats), most Americans are starting to believe we are "in a recession" ( not) and are starting to conserve resources...CAUSING a possibility of a recession. FEAR is quite effective in bringing one about.

Keep up the good work, Dems! You just might cause one yet, which will bring you great joy!


Posted by Perspective, a resident of Midtown
on Jun 28, 2008 at 8:40 am

Perspective is a registered user.

Start reading Basic Economics, by Thomas Sowell, and/or Applied Economics:Thinking Beyond Basic Economics, and/or Myths of Economics.


Posted by Perspective, a resident of Midtown
on Jun 28, 2008 at 8:51 am

Perspective is a registered user.

Sorry, last book is called Economics Facts and Fallacies, not Myths


Posted by Mike, a resident of College Terrace
on Jun 29, 2008 at 1:58 pm

Perspective. You can't be serious.

In case you haven't noticed, America is in hock for almost $100 TRILLION in unfunded social mandates. It looks like your preference of having a cabal of the few run this country is not working out too well.


Posted by Translation, a resident of Professorville
on Jun 29, 2008 at 2:40 pm

"In case you haven't noticed, America is in hock for almost $100 TRILLION in unfunded social mandates"

Mike, it was a Democrat, Lyndon Johnson, who pushed through a unified federal budget. Translation: We can spend social Security surpluses now, for Great Society programs, as well as the Vietnam war. Extentended translation: It is pay-as-you-go. Ipso-facto, their are NO unfunded mandates. Utlimate translation: Inflation resolves most things. Uber translation: Make sure you have your private weapons, and a large stash of physical gold, in case inflation doesn't work!


Posted by Mike, a resident of College Terrace
on Jun 29, 2008 at 3:13 pm

"Utlimate translation: Inflation resolves most things. Uber translation: Make sure you have your private weapons, and a large stash of physical gold, in case inflation doesn't work! "

Inflation is the most corrosive form of adjustment known to fiscal managers. If you think that owning a gun will save you, think again. Your paranoid scenario discounts the fact that our government knows who owns most of the guns; they will come for those citizens, first. And, if you think governments can't halt trading on gold exchanges, you might think again.

There is no safety from cultural irresponsibility. America is going to be just fine, but there is going to be a lot of *shared* pain for the immediate future. Guns and gold aren't going to save anyone from that.


Posted by Translation, a resident of Professorville
on Jun 29, 2008 at 3:34 pm

"Inflation is the most corrosive form of adjustment known to fiscal managers"

Really? Jimmy Carter took full advantage of it. As a people, we citizens will react to it, as we did when we elected Reagan, however, inflation remains the primary solution to social problems, becasue that path is much easier to face, compared to solving fundamental issues, like family decay. The Amish neither need, nor want Social Security.

"Your paranoid scenario discounts the fact that our government knows who owns most of the guns; they will come for those citizens, first."

Sounds like Nazi Germany, Mike. You one of them?

"if you think governments can't halt trading on gold exchanges, you might think again."

That's why I said PHSYICAL gold.

Guns won our freedom from King George, Mike. If we want to preserve that hard-won freedom, we should also preserve our right to bear arms, as individuals. This is hardly a paranoid viewpoint. In fact, it was just secured by the Supreme Court.


Posted by Mike, a resident of College Terrace
on Jun 29, 2008 at 4:48 pm

Translation "Sounds like Nazi Germany," - that's right, translation. If you're so afraid of the government, and so afraid of being put on, you might think about the ideology behind weapons licensing. You and all your fellow NRA honchos are on a government list. There's a laughable irony in that, from the perspective of anti-weapons perspective. LOL!

Translation, how are you going to trade your physical gold, if exchanges for monet transfer of gold are locked?


Posted by Translation, a resident of Professorville
on Jun 29, 2008 at 4:59 pm

"Translation "Sounds like Nazi Germany," - that's right, translation. If you're so afraid of the government, and so afraid of being put on, you might think about the ideology behind weapons licensing. You and all your fellow NRA honchos are on a government list. There's a laughable irony in that, from the perspective of anti-weapons perspective. LOL!

Translation, how are you going to trade your physical gold, if exchanges for monet transfer of gold are locked? "

Mike, surely you jest!

The Second Amendment GUARANTEES the right of INDIVIDUALS to bear arms! There is no need for registration lists. That one would be on you, becasue you appear to support registration, in contradiction of a fundamental individual right. It is like saying that free speach of indivuals should be registered.

I have never been an NRA member, becasue I don't like their company. However, I find their consitutional arguments compelling.

"Translation, how are you going to trade your physical gold, if exchanges for monet transfer of gold are locked?"

The old fashioned way: Barter. That cuts out the middle man.



Posted by Perspective, a resident of Midtown
on Jun 29, 2008 at 8:12 pm

Mike, try reading even just one of Sowell's books. I don't care which one, but I would suggest "Basic Economics". THEN speak about economics.


Posted by Mike, a resident of College Terrace
on Jun 29, 2008 at 11:54 pm

Perspective, I've read every one of Sowell's books. He's a smart guy, but so is Ross Perot. Get my drift? Sowell is primarily a libertarian; he eschews government controls of many kinds. He's another "free market" idealist, who lives in his head. That's not surprising, because he's an ivory tower academic. He's never started and run a large, successful business (like most economists).

I studied economics for quite a few years, until I realized I was studying a religion, then I bailed. If you want to understand economics, start reading up on behavioral economics; at least there's some degree of scientific validity there.

Perspective, my good man, there is ALREADY a list of registered gun owners in the US. I can access that list, by state, anytime I want. (Freedom of Information Act). Your "right", as you put it would be wiped off the map the very millisecond that American authorities sensed their was any danger of chaos or anarchy threatened by weapons owners. You and your gun toting friends would be among the first to get a knock on the door.

If things every really get as testy as the paranoid 2nd amendment crazies claim, as a rationale for their gun ownership, it's THEY who will be singled out for primary attention by the authorities. It's a rather delicious irony.

Barter? LOL! Really? Who is going to take your gold when gold is 100% destabilized by central bank freezing and/or de-authorization of gold-for-currency markets, making gold as worthless as tin? Do you think a government, or a set of central banks can't do that, or wouldn't do that to maintain monetary control in a worldwide crisis that would otherwise give enormous advantage to those who hoard gold? Think again.


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