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hey even I qualify if they are going to cap the checks for people making less than $150,000 for a couple.Comment -
Are you kidding me? $300 per child? I spent more than that per month in diapers and formula for my one year old. This plan will stimulate my kid for about a month.Comment -
The market is staying flat so far. I guess that they are not impressed.Comment -
Maybe I can finally stop hearing the phrase "timely, temporary and targeted" in my sleep now.Comment -
So far news of a stimulus has stimulated a deep sleep in the market. Where's the roller coaster ride? I think everybody afraid of the next big move either way so nobody's buying or selling. Volume is about average to lite.Comment -
This has to be the most boring day this year for the market. Flat like a pancake all day.Comment -
AAAAAAAAAAAAAAAAAAAARRRRRRRRRRGGGGGGGGHH HHHHHH!!!!!!
First words out of Pelosi's mouth announcing stimulus?
"Temporary, timely & targeted"
Took bitch nearly a minute before repeating the phrase again.
....and another 5 minutes before repeating it again.Comment -
We have to wait till June for the rebates. Thanks!The rebates, expected to go out in June, would cost about $100 billion, aides said. The package also includes close to $50 billion in business tax cuts.Comment -
That is why I am listening to music today instead... That would drive me nuts... Right now I am listening to "Cracker"... Low ..which beats the hell out of "Temporary, timely & targeted"
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O.K. the market is up another 100 today. Tomorrow will be the all important day three of the rally. If it is going to hold and squeeze the shorts there will have to be more volume or I think that it will fall apart and the market will give back all of the gains over the last two days.Comment -
I needed a good laugh today LOLComment -
...hey, hey hey like being stoned!
Seriously, back to my bitching, I expect this phrase out of somebody like Don King, Sharpton or Jesse....not out of Bernanke, Pelosi and all the financial talking heads.Comment -
Just in time to get ready for the end of my baseball bets and beginning of football season!!Comment -
Well I know where my money will be going, back into the bookmakers hands.....unless I get better at this whole gambling thingComment -
This "stimulus" package is going to do absolutely nothing to help the economy because it does nothing to address any of the fundamental fiscal problems.
There are steps that could be taken that would help the economy but these steps would require courage as they would require major changes and special interest groups would have to be told to sit down and shut up. This, of course won't happen with the cowards that occupy capitol hill.
I am old enough to remember the state of the economy in the 70's. It took a depression (the spin doctors called the Carter economic disaster a recession, but it was a depression) to get people upset enough that they gave Reagan a mandate to take drastic action to fix the structural problems that were damaging the economy.
The best way to stimulate an economy is to create an environment where businesses can thrive and where investment can prosper. Countries compete with each other for investment, new businesses, and expansion of existing businesses based on how conducive the economic environment is to healthy businesses and return on investment.
The politicians ignore this truth because it is easier for them to pander to the special interest groups that bring them campaign contributions and votes.
One of the biggest problems (there are many) that the US economy faces right now is the fiscal policies that have made our money pretty much worthless. I'm not sure what is propping the dollar up at the current artificially high rates but the true value of the dollar is much less than what it is trading at. The remedies required to restore the dollar to a sound currency are both drastic and extensive. There are currently no politicians on capital hill who have the courage to propose taking these measures.
Since nothing fundamental is being changed the economy will only continue on its path to a worthless currency. I suspect that within 10 years we will have an economy like Brazil's during their worst years of hyper inflation. I remember reading a story a few years ago about a poor family in Baltimore who found several million "dollars" in Brazilian money, I forget what Brazilian currency is called, and this poor family thought they were rich, when they went to do a currency exchange they got something like $20 US. That is where we are headed.Comment
