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 Posted: Fri Oct 10, 2008 5:15 am Post subject: Sing it: "Fifty Ways to Leave this Market". |
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You have read my messages for 10 days suggesting you get out of the
stock market. This does not mean you cannot get back, if and when it
stabilizes. Get you money out tomorrow am.
ted |
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| Posted: Fri Oct 10, 2008 5:15 am Post subject: Re: Sing it: "Fifty Ways to Leave this Market". |
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On Oct 9, 8:17 pm, Starkiller <NoSpamSKS_SK...@hotmail.com> wrote:
[quote]On Thu, 09 Oct 2008 17:15:23 -0700, wis...@yahoo.com wrote:
You have read my messages for 10 days suggesting you get out of the
stock market. This does not mean you cannot get back, if and when it
stabilizes. Get you money out tomorrow am.
ted
Yeah, pull all your money out and place it in CDs or savings accounts
and let the banks invest in the market. :-)
[/quote]
ah, but its insured in the bank. stocks are not secure, they are a
gamble.
[quote]'A government big enough to give you everything you want, is
big enough to take away everything you have.'
[/quote]
so far the free market has lost 2 trillion dollars alone out of 401k
plans recently. and the free market has soaked up 2-4 trillion dollars
of bailout money from labor. you see, labor is bailing out capital,
because capital is so stupid:)
thank god for FDR>s social security:)
[quote]"You cannot enrich the poor by impoverishing the rich."
[/quote]
robin hood did:) |
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Guest
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| Posted: Fri Oct 10, 2008 5:15 am Post subject: Re: Sing it: "Fifty Ways to Leave this Market". |
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On Oct 9, 8:47 pm, retrogro...@comcast.net wrote:
[quote]On Thu, 9 Oct 2008 18:26:04 -0700 (PDT), Vide...@tcq.net wrote:
so far the free market has lost 2 trillion dollars alone out of 401k
plans recently.
and that was before today>s 700 point drop
[/quote]
correct. the bleeding from free market blunders is becoming a
avalanche. have you seen the pictures of the millions of unsold cars
piling up around the world? if you have, then you know, and i know you
do. that no matter what they do to try to turn this around, it will at
best, be short lived. |
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Guest
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| Posted: Fri Oct 10, 2008 5:15 am Post subject: Re: Sing it: "Fifty Ways to Leave this Market". |
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On Oct 9, 9:01 pm, *Poetic Justice* <@http://Poetic-Justice.Talk-n-
Dog.com> wrote:
[quote]retrogro...@comcast.net wrote:
On Thu, 9 Oct 2008 18:26:04 -0700 (PDT), Vide...@tcq.net wrote:
so far the free market has lost 2 trillion dollars alone out of 401k
plans recently.
and that was before today>s 700 point drop
What did you expect when Obama wants to Double the taxes on capital
gains.... take all your gains now before he gets a chance to steal
twice as much of your money. It>s only the smart thing to do when you
get a Socialist Obama that might actually win.
Be prepared... things won>t be getting better if Obama wins and taxes
everything.
[/quote]
ROTFLOL, high taxes on the wealthy helped get us out of the
depression, and the wealthy few, grew into legions under a high tax
regime. and a high capital gains tax is a safety net for the stock
market. it keeps wild speculative behavior, at bay.
[quote]--
http://www.youtube.com/watch?v=YL36nwCSYUM
http://www.youtube.com/watch?v=QJFO6COAMCY
http://www.youtube.com/watch?v=rUEQz5dltmI
It>s been said that a Communist is just a Socialist - - - with a gun.[/quote] |
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Guest
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| Posted: Fri Oct 10, 2008 5:15 am Post subject: Re: Sing it: "Fifty Ways to Leave this Market". |
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On Oct 9, 10:17 pm, "V for Vendicar"
<Execute_The_Traitor_In_The_White_Ho...@hotmail.com> wrote:
[quote]Vide...@tcq.net> wrote
ROTFLOL, high taxes on the wealthy helped get us out of the
depression, and the wealthy few, grew into legions under a high tax
regime. and a high capital gains tax is a safety net for the stock
market. it keeps wild speculative behavior, at bay.
Absolutely right. AmeriKKKa needs another tax cut for the wealthiest
AmeriKKKans and a reduction
in corporate taxes.
Only more spending and less revenue and higher taxation on the middle
class can save AmeriKKKa.
Once the upper class has a little more money then in their infinite grace,
their gluttonly will trickle down to the inferior AmeriKKKan middle class
and the chronically poor and filthy ape class..
[/quote]
correct. and the shill thinks night is day. |
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Guest
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| Posted: Fri Oct 10, 2008 5:15 am Post subject: Re: Sing it: "Fifty Ways to Leave this Market". |
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On Oct 9, 10:35Â pm, Starkiller <NoSpamSKS_SK...@hotmail.com> wrote:
i will match my reality based on actual government statistics, vs.
your right wing fairy tale.
http://www.aliveness.com/kangaroo/Timeline.htm
TIMELINES OF THE GREAT DEPRESSION: 

This page features two timelines:
the first for general events of the Roaring 20s and the Great
Depression, the second for leading economic indicators.

The
importance of these time lines cannot be emphasized enough. Seeing the
order in which events actually occurred dispels many myths about the
Great Depression. One of the greatest of these myths is that
government intervention was responsible for its onset. Truly massive
intervention began only under the presidency of Franklin Roosevelt in
1933, who was sworn in after the worst had already hit. Although his
New Deal did not cure it, all the leading economic indicators improved
on his watch. 

But don>t take my word for it -- here is the raw
data: 

TIMELINE OF GENERAL EVENTS 

1920s (Decade)
• During World War I, federal spending grows three times larger than
tax collections. When the government cuts back spending to balance the
budget in 1920, a severe recession results. However, the war economy
invested heavily in the manufacturing sector, and the next decade will
see an explosion of productivity... although only for certain sectors
of the economy.
• An average of 600 banks fail each year.
• Agricultural, energy and coal mining sectors are continually
depressed. Textiles, shoes, shipbuilding and railroads continually
decline.
• The value of farmland falls 30 to 40 percent between 1920 and 1929.
• Organized labor declines throughout the decade. The United Mine
Workers Union will see its membership fall from 500,000 in 1920 to
75,000 in 1928. The American Federation of Labor would fall from 5.1
million in 1920 to 3.4 million in 1929.
• "Technological unemployment" enters the nation>s vocabulary; as
many as 200,000 workers a year are replaced by automatic or semi-
automatic machinery.
• Over the decade, about 1,200 mergers will swallow up more than
6,000 previously independent companies; by 1929, only 200 corporations
will control over half of all American industry.
• By the end of the decade, the bottom 80 percent of all income-
earners will be removed from the tax rolls completely. Taxes on the
rich will fall throughout the decade.
• By 1929, the richest 1 percent will own 40 percent of the nation>s
wealth. The bottom 93 percent will have experienced a 4 percent drop
in real disposable per-capita income between 1923 and 1929.
• The middle class comprises only 15 to 20 percent of all Americans.
• Individual worker productivity rises an astonishing 43 percent from
1919 to 1929. But the rewards are being funneled to the top: the
number of people reporting half-million dollar incomes grows from 156
to 1,489 between 1920 and 1929, a phenomenal rise compared to other
decades. But that is still less than 1 percent of all income-earners.
1922
• The conservative Supreme Court strikes down federal child labor
legislation.
1923
• President Warren Harding dies in office; his administration was
easily one of the most corrupt in American history. Calvin Coolidge,
who is squeaky clean by comparison, becomes president. Coolidge is no
less committed to laissez-faire and a non-interventionist government.
He announces to the American people: "The business of America is
business."
• Supreme Court nullifies minimum wage for women in District of
Columbia.
1924
• The Ku Klux Klan reaches the height of its influence in America: by
the end of the year it will claim 9 million members. It will decline
drastically in 1925, however, after financial and moral scandals rock
its leadership.
• The stock market begins its spectacular rise. Bears little relation
to the rest of the economy.
1925
• The top tax rate is lowered to 25 percent - the lowest top rate in
the eight decades since World War I.
• Supreme Court rules that trade organizations do not violate anti-
trust laws as long as some competition survives.
1928
• The construction boom is over.
• Farmers' share of the national income has dropped from 15 to 9
percent since 1920.
• Between May 1928 and September 1929, the average prices of stocks
will rise 40 percent. Trading will mushroom from 2-3 million shares
per day to over 5 million. The boom is largely artificial.
1929
• Herbert Hoover becomes President. Hoover is a staunch individualist
but not as committed to laissez-faire ideology as Coolidge.
• More than half of all Americans are living below a minimum
subsistence level.
• Annual per-capita income is $750; for farm people, it is only $273.
• Backlog of business inventories grows three times larger than the
year before. Public consumption markedly down.
• Freight carloads and manufacturing fall.
• Automobile sales decline by a third in the nine months before the
crash.
• Construction down $2 billion since 1926.
• Recession begins in August, two months before the stock market
crash. During this two month period, production will decline at an
annual rate of 20 percent, wholesale prices at 7.5 percent, and
personal income at 5 percent.
• Stock market crash begins October 24. Investors call October 29
"Black Tuesday." Losses for the month will total $16 billion, an
astronomical sum in those days.
• Congress passes Agricultural Marketing Act to support farmers until
they can get back on their feet.
1930
• By February, the Federal Reserve has cut the prime interest rate
from 6 to 4 percent. Expands the money supply with a major purchase of
U.S. securities. However, for the next year and a half, the Fed will
add very little money to the shrinking economy. (At no time will it
actually pull money out of the system.) Treasury Secretary Andrew
Mellon announces that the Fed will stand by as the market works itself
out: "Liquidate labor, liquidate stocks, liquidate real estate… values
will be adjusted, and enterprising people will pick up the wreck from
less-competent people." (More)
• The Smoot-Hawley Tariff passes on June 17. With imports forming
only 6 percent of the GNP, the 40 percent tariffs work out to an
effective tax of only 2.4 percent per citizen. Even this is
compensated for by the fact that American businesses are no longer
investing in Europe, but keeping their money stateside. The consensus
of modern economists is that the tariff made only a minor contribution
to the Great Depression in the U.S., but a major one in Europe. (More)
• The first bank panic occurs later this year; a public run on banks
results in a wave of bankruptcies. Bank failures and deposit losses
are responsible for the contracting money supply.
• Supreme Court rules that the monopoly U.S. Steel does not violate
anti-trust laws as long as competition exists, no matter how
negligible.
• Democrats gain in Congressional elections, but still do not have a
majority.
• The GNP falls 9.4 percent from the year before. The unemployment
rate climbs from 3.2 to 8.7 percent.
1931
• No major legislation is passed addressing the Depression.
• A second banking panic occurs in the spring.
• The GNP falls another 8.5 percent; unemployment rises to 15.9
percent.
1932
• This and the next year are the worst years of the Great Depression.
For 1932, GNP falls a record 13.4 percent; unemployment rises to 23.6
percent.
• Industrial stocks have lost 80 percent of their value since 1930..
• 10,000 banks have failed since 1929, or 40 percent of the 1929
total.
• About $2 billion in deposits have been lost since 1929.
• Money supply has contracted 31 percent since 1929.
• GNP has also fallen 31 percent since 1929.
• Over 13 million Americans have lost their jobs since 1929.
• Capital growth investments have dropped from $16.2 billion to 1/3
of one billion since 1929.
• Farm prices have fallen 53 percent since 1929.
• International trade has fallen by two-thirds since 1929.
• The Fed makes its first major expansion of the money supply since
February 1930.
• Congress creates the Reconstruction Finance Corporation. (More)
• Congress passes the Federal Home Loan Bank Act and the Glass-
Steagall Act of 1932. (More)
• Top tax rate is raised from 25 to 63 percent.
• Popular opinion considers Hoover>s measures too little too late.
Franklin Roosevelt easily defeats Hoover in the fall election.
Democrats win control of Congress.
• At his Democratic presidential nomination, Roosevelt says: "I
pledge you, I pledge myself, to a new deal for the American people."
1933
• Roosevelt inaugurated; begins "First 100 Days" of intensive
legislative activity. (More)
• A third banking panic occurs in March. Roosevelt declares a Bank
Holiday; closes financial institutions to stop a run on banks.
• Alarmed by Roosevelt>s plan to redistribute wealth from the rich to
the poor, a group of millionaire businessmen, led by the Du Pont and
J.P. Morgan empires, plans to overthrow Roosevelt with a military coup
and install a fascist government. The businessmen try to recruit
General Smedley Butler, promising him an army of 500,000, unlimited
financial backing and generous media spin control. The plot is foiled
when Butler reports it to Congress. (More)
• Congress authorizes creation of the Agricultural Adjustment
Administration, the Civilian Conservation Corps, the Farm Credit
Administration, the Federal Deposit Insurance Corporation, the Federal
Emergency Relief Administration, the National Recovery Administration,
the Public Works Administration and the Tennessee Valley Authority.
(More)
• Congress passes the Emergency Banking Bill, the Glass-Steagall Act
of 1933, the Farm Credit Act, the National Industrial Recovery Act and
the Truth-in-Securities Act. (More)
• U.S. goes off the gold standard.
• Roosevelt does much to redistribute wealth from the rich to the
poor, but is obsessed with a balanced budget. He later rejects Keynes'
advice to begin heavy deficit spending.
• The free fall of the GNP is significantly slowed; it dips only 2..1
percent this year. Unemployment rises slightly, to 24.9 percent.
1934
• Congress authorizes creation of the Federal Communications
Commission, the National Mediation Board and the Securities and
Exchange Commission. (More)
• Congress passes the Securities and Exchange Act and the Trade
Agreement Act. (More)
• The economy turns around: GNP rises 7.7 percent, and unemployment
falls to 21.7 percent. A long road to recovery begins.
• Sweden becomes the first nation to recover fully from the Great
Depression. It has followed a policy of Keynesian deficit spending.
(More)
1935
• The Supreme Court declares the National Recovery Administration to
be unconstitutional.
• Congress authorizes creation of the Works Progress Administration,
the National Labor Relations Board and the Rural Electrification
Administration. (More)
• Congress passes the Banking Act of 1935, the Emergency Relief
Appropriation Act, the National Labor Relations Act, and the Social
Security Act. (More)
• Economic recovery continues: the GNP grows another 8.1 percent, and
unemployment falls to 20.1 percent.
1936
• The Supreme Court declares part of the Agricultural Adjustment Act
to be unconstitutional.
• In response, Congress passes the Soil Conservation and Domestic
Allotment Act. (More)
• Top tax rate raised to 79 percent.
• Economic recovery continues: GNP grows a record 14.1 percent;
unemployment falls to 16.9 percent.
• Germany becomes the second nation to recover fully from the Great
Depression, through heavy deficit spending in preparation for war.
1937
• The Supreme Court declares the National Labor Relations Board to be
unconstitutional.
• Roosevelt seeks to enlarge and therefore liberalize the Supreme
Court. This attempt not only fails, but outrages the public.
• Economists attribute economic growth so far to heavy government
spending that is somewhat deficit. Roosevelt, however, fears an
unbalanced budget and cuts spending for 1937. That summer, the nation
plunges into another recession. Despite this, the yearly GNP rises 5.0
percent, and unemployment falls to 14.3 percent.
1938
• Congress passes the Agricultural Adjustment Act of 1938 and the
Fair Labor Standards Act. (More)
• No major New Deal legislation is passed after this date, due to
Roosevelt>s weakened political power.
• The year-long recession makes itself felt: the GNP falls 4.5
percent, and unemployment rises to 19.0 percent.
• Britain becomes the third nation to recover as it begins deficit
spending in preparation for war.
1939
• GNP rises 7.9 percent; unemployment falls to 17.2 percent.
• The United States will begin emerging from the Depression as it
borrows and spends $1 billion to build its armed forces. From 1939 to
1941, when the Japanese attack Pearl Harbor, U.S. manufacturing will
have shot up a phenomenal 50 percent!
• The Depression is ending worldwide as nations prepare for the
coming hostilities.
• World War II starts with Hitler>s invasion of Poland.
1945
• Although the war is the largest tragedy in human history, the
United States emerges as the world>s only economic superpower. Deficit
spending has resulted in a national debt 123 percent the size of the
GDP. By contrast, in 1994, the $4.7 trillion national debt will be
only 70 percent of the GDP!
• The top tax rate is 91 percent. It will stay at least 88 percent
until 1963, when it is lowered to 70 percent. During this time,
America will experience the greatest economic boom it has ever known.
ECONOMIC TIMELINE
The following timeline shows the order of economic events during the
Great Depression. Notice the effect that deficit spending had on
economic growth:
Receipts: Tax receipts as a percentage of the Gross Domestic Product
Spending: Federal spending as a percentage of the Gross Domestic
Product
GNP: Percent change in the Gross National Product
Unemp.: Unemployment rate
Tax Federal GNP Unemp.
Year Receipts Spending Growth Rate
-------------------------------------------------
1929 -- -- -- 3.2% < Hoover era, Great
Depression begins
1930 4.2% 3.4% - 9.4% 8.7
1931 3.7 4.3 - 8.5 15.9
1932 2.9 7.0 -13.4 23.6
1933 3.5 8.1 - 2.1 24.9 < FDR, New Deal begins;
contraction ends March
1934 4.9 10.8 + 7.7 21.7
1935 5.3 9.3 + 8.1 20.1
1936 5.1 10.6 +14.1 16.9
1937 6.2 8.7 + 5.0 14.3 < recession begins, May
1938 7.7 7.8 - 4.5 19.0 < recession ends, June
1939 7.2 10.4 + 7.9 17.2
1940 6.9 9.9
1941 7.7 12.1
1942 10.3 24.8
1943 13.7 44.8
1944 21.7 45.3
1945 21.3 43.7
As you can see, Roosevelt began relatively modest deficit spending
that arrested the slide of the economy and resulted in some
astonishing growth numbers. (Roosevelt>s average growth of 5.2 percent
during the Great Depression is even higher than Reagan>s 3.7 percent
growth during his so-called "Seven Fat Years!") When 1936 saw a
phenomenal record of 14 percent growth, Roosevelt eased back on the
deficit spending, overly worried about balancing the budget. But this
only caused the economy to slip back into a recession, as the above
chart shows.

I have been unable to find reliable economic growth
figures from World War II, but as a generalization it is safe to say
the economy exploded, experiencing it’s greatest growth in U.S.
history. Between 1940 and 1945, the GDP nearly doubled in size, from
$832 billion to $1,559 billion in constant 87 dollars. And this
occurred as deficit spending soared, to levels Keynes had earlier and
unsuccessfully recommended to Roosevelt.

Next Section: Summary
Return
to The Great Depression Homepage

Sources:

T.H. Watkins, The Great
Depression: America in the 1930s (New York: Little, Brown and Company,
1993)

Kevin Phillips, Boiling Point (New York: HarperCollins, 1993)
Kevin Phillips, The Politics of Rich and Poor (New York: Random House,
1990)

The 1995 Grolier Encyclopedia (Entries: New Deal, Depression of
the 30s, Roosevelt, Coolidge.)

The Encyclopedia Brittanica Online
(Entries: New Deal, Great Depression.)

Donald Barlett and James
Steele, America: What Went Wrong? (Kansas City: Andrews and McMeel,
1992)

Donald Barlett and James Steele, America: Who Really Pays the
Taxes? (New York: Simon & Schuster, 1994)

James MacGregor Fox,
Roosevelt: The Lion and the Fox (New York: Konecky and Konecky, 1956)
Elaine Schwartz, Econ 101½ (New York: Avon Books, 1995)

Peter Pugh
and Chris Garratt, Introducing Keynes (Cambridge, England: Icon Books,
Ltd., 1993)

Paul Krugman, Peddling Prosperity (New York: W..W. Norton
and Company, 1994)

Online sources:

History lecture notes:
http://www.marshall.edu/history/mccarthy/hst331/lecture/greatdep.1
Gary H. Stern (President, Federal Reserve Bank of Minneapolis),
"Achieving Economic Stability: Lessons From the Crash of 1929," 1987
Annual Report Essay, http://woodrow.mpls.frb.fed.us/pubs/ar/ar1987.html
Office of Management and Budget, Budget of the United States
Government, Fiscal Year 1997, Historical Tables 1.2 and 10.1,
http://www.doc.gov/BudgetFY97/histtoc.html |
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mg
Guest
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| Posted: Fri Oct 10, 2008 6:16 am Post subject: Re: Sing it: "Fifty Ways to Leave this Market". |
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On Oct 9, 7:59 pm, Starkiller <NoSpamSKS_SK...@hotmail.com> wrote:
[quote]On Thu, 9 Oct 2008 18:26:04 -0700 (PDT), Vide...@tcq.net wrote:
On Oct 9, 8:17 pm, Starkiller <NoSpamSKS_SK...@hotmail.com> wrote:
On Thu, 09 Oct 2008 17:15:23 -0700, wis...@yahoo.com wrote:
You have read my messages for 10 days suggesting you get out of the
stock market. This does not mean you cannot get back, if and when it
stabilizes. Get you money out tomorrow am.
ted
Yeah, pull all your money out and place it in CDs or savings accounts
and let the banks invest in the market. :-)
ah, but its insured in the bank. stocks are not secure, they are a
gamble.
'A government big enough to give you everything you want, is
big enough to take away everything you have.'
so far the free market has lost 2 trillion dollars alone out of 401k
plans recently. and the free market has soaked up 2-4 trillion dollars
of bailout money from labor. you see, labor is bailing out capital,
because capital is so stupid:)
thank god for FDR>s social security:)
"You cannot enrich the poor by impoverishing the rich."
robin hood did:)
He only gave temporary relief and a little charity.
If you destroy the wealthy then who do you think is going to give you
a paycheck? The government that taxes you for their own paycheck?
"Many of you are well enough off that ... the tax cuts may have helped you," Sen. Clinton said.
"We>re saying that for America to get back on track,
we>re probably going to cut that short and not give it to you.
We>re going to take things away from you on behalf of the common good."
[/quote]
Raising taxes on the wealthy, or putting the rates back where they
were before Bush took office won>t destroy the wealthy. Building a
bunch of guillotines and cutting their heads off, though, like the
French did would. |
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Starkiller
Guest
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| Posted: Fri Oct 10, 2008 6:17 am Post subject: Re: Sing it: "Fifty Ways to Leave this Market". |
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On Thu, 09 Oct 2008 17:15:23 -0700, wismel@yahoo.com wrote:
[quote]You have read my messages for 10 days suggesting you get out of the
stock market. This does not mean you cannot get back, if and when it
stabilizes. Get you money out tomorrow am.
ted
[/quote]
Yeah, pull all your money out and place it in CDs or savings accounts
and let the banks invest in the market. :-)
'A government big enough to give you everything you want, is
big enough to take away everything you have.'
"You cannot enrich the poor by impoverishing the rich." |
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| Back to top |
Guest
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| Posted: Fri Oct 10, 2008 6:47 am Post subject: Re: Sing it: "Fifty Ways to Leave this Market". |
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On Thu, 9 Oct 2008 18:26:04 -0700 (PDT), Video61@tcq.net wrote:
[quote]so far the free market has lost 2 trillion dollars alone out of 401k
plans recently.
[/quote]
and that was before today>s 700 point drop |
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Starkiller
Guest
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| Posted: Fri Oct 10, 2008 6:59 am Post subject: Re: Sing it: "Fifty Ways to Leave this Market". |
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On Thu, 9 Oct 2008 18:26:04 -0700 (PDT), Video61@tcq.net wrote:
[quote]On Oct 9, 8:17 pm, Starkiller <NoSpamSKS_SK...@hotmail.com> wrote:
On Thu, 09 Oct 2008 17:15:23 -0700, wis...@yahoo.com wrote:
You have read my messages for 10 days suggesting you get out of the
stock market. This does not mean you cannot get back, if and when it
stabilizes. Get you money out tomorrow am.
ted
Yeah, pull all your money out and place it in CDs or savings accounts
and let the banks invest in the market. :-)
ah, but its insured in the bank. stocks are not secure, they are a
gamble.
'A government big enough to give you everything you want, is
big enough to take away everything you have.'
so far the free market has lost 2 trillion dollars alone out of 401k
plans recently. and the free market has soaked up 2-4 trillion dollars
of bailout money from labor. you see, labor is bailing out capital,
because capital is so stupid:)
thank god for FDR>s social security:)
"You cannot enrich the poor by impoverishing the rich."
robin hood did:)
[/quote]
He only gave temporary relief and a little charity.
If you destroy the wealthy then who do you think is going to give you
a paycheck? The government that taxes you for their own paycheck?
"Many of you are well enough off that ... the tax cuts may have helped you," Sen. Clinton said.
"We>re saying that for America to get back on track,
we>re probably going to cut that short and not give it to you.
We>re going to take things away from you on behalf of the common good." |
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*Poetic Justice*
Guest
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| Posted: Fri Oct 10, 2008 7:01 am Post subject: Re: Sing it: "Fifty Ways to Leave this Market". |
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retrogrouch@comcast.net wrote:
[quote]On Thu, 9 Oct 2008 18:26:04 -0700 (PDT), Video61@tcq.net wrote:
so far the free market has lost 2 trillion dollars alone out of 401k
plans recently.
and that was before today>s 700 point drop
[/quote]
What did you expect when Obama wants to Double the taxes on capital
gains.... take all your gains now before he gets a chance to steal
twice as much of your money. It>s only the smart thing to do when you
get a Socialist Obama that might actually win.
Be prepared... things won>t be getting better if Obama wins and taxes
everything.
--
http://www.youtube.com/watch?v=YL36nwCSYUM
http://www.youtube.com/watch?v=QJFO6COAMCY
http://www.youtube.com/watch?v=rUEQz5dltmI
It>s been said that a Communist is just a Socialist - - - with a gun. |
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Starkiller
Guest
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| Posted: Fri Oct 10, 2008 7:47 am Post subject: Re: Sing it: "Fifty Ways to Leave this Market". |
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On Thu, 9 Oct 2008 19:39:14 -0700 (PDT), Video61@tcq.net wrote:
[quote]On Oct 9, 9:01 pm, *Poetic Justice* <@http://Poetic-Justice.Talk-n-
Dog.com> wrote:
retrogro...@comcast.net wrote:
On Thu, 9 Oct 2008 18:26:04 -0700 (PDT), Vide...@tcq.net wrote:
so far the free market has lost 2 trillion dollars alone out of 401k
plans recently.
and that was before today>s 700 point drop
What did you expect when Obama wants to Double the taxes on capital
gains.... take all your gains now before he gets a chance to steal
twice as much of your money. It>s only the smart thing to do when you
get a Socialist Obama that might actually win.
Be prepared... things won>t be getting better if Obama wins and taxes
everything.
ROTFLOL, high taxes on the wealthy helped get us out of the
depression, and the wealthy few, grew into legions under a high tax
regime. and a high capital gains tax is a safety net for the stock
market. it keeps wild speculative behavior, at bay.
[/quote]
You need to read legitimate history before you continue to make
yourself like an economic moron.
Roosevelt made his relatively small tax hikes in 1935. (ie 75% on
incomes over $5,000,000)
By May of 1937 economic recovery ceased and a second depression
occured.
In 1938 only after the United States Housing (Wagner-Steagall) Act
passed, creating the US Housing Authority (USHA) to administer
low-interest 60-year loans to small communities for slum clearance and
construction projects and to grant subsidies for setting rent geared
to low-income levels in areas where local agencies provided 25% of the
federal grant, did the economy begin to expand again(June 1939).
About the length of time for such contracts to break ground.
The democrats lost 71 seats in the November elections in 1938.
In 1941 the Davis-Bacon Act was amended to include military
construction. The US went to war that December.
Thus creating the need for an ever increasing amount of military
construction projects.
In 1944 He raised the Maximum tax rate to 94%.
By February 1945 the country entered a recession.
After Japan surrendered economic expansion began around a month later.
Not due to high taxes but due to wartime regulations such as rationing
certain products ending.
After Truman won the 1948 election, a month later the country once
again entered into a recession.
Economic expansion did not occur until nearly a year later.
And just for fun, here>s a comparison of the Kennedy, Reagan and Bush
tax cuts.
http://www.taxfoundation.org/news/show/323.html
Interesting how the tax burden of the top income earners (over
$136,000) went up as opposed to what you all have parroted for several
years about "Tax cuts for the rich".
"Many of you are well enough off that ... the tax cuts may have helped you," Sen. Clinton said.
"We>re saying that for America to get back on track,
we>re probably going to cut that short and not give it to you.
We>re going to take things away from you on behalf of the common good." |
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V for Vendicar
Guest
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| Posted: Fri Oct 10, 2008 7:47 am Post subject: Re: Sing it: "Fifty Ways to Leave this Market". |
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"*Poetic Justice*" <@http://Poetic-Justice.Talk-n-Dog.com> wrote
[quote]High capital gains tax means that the poor can>t invest small amounts of
money and make it worth while.
[/quote]
Ya, those capital gains are going to prevent the poor from parlaying that
$500 they have in the bank into the $5,000 they can use to pay for their
retirement. |
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V for Vendicar
Guest
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| Posted: Fri Oct 10, 2008 7:47 am Post subject: Re: Sing it: "Fifty Ways to Leave this Market". |
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<Video61@tcq.net> wrote
[quote]ROTFLOL, high taxes on the wealthy helped get us out of the
depression, and the wealthy few, grew into legions under a high tax
regime. and a high capital gains tax is a safety net for the stock
market. it keeps wild speculative behavior, at bay.
[/quote]
Absolutely right. AmeriKKKa needs another tax cut for the wealthiest
AmeriKKKans and a reduction
in corporate taxes.
Only more spending and less revenue and higher taxation on the middle
class can save AmeriKKKa.
Once the upper class has a little more money then in their infinite grace,
their gluttonly will trickle down to the inferior AmeriKKKan middle class
and the chronically poor and filthy ape class.. |
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*Poetic Justice*
Guest
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| Posted: Fri Oct 10, 2008 7:47 am Post subject: Re: Sing it: "Fifty Ways to Leave this Market". |
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Video61@tcq.net wrote:
[quote]On Oct 9, 9:01 pm, *Poetic Justice* <@http://Poetic-Justice.Talk-n-
Dog.com> wrote:
retrogro...@comcast.net wrote:
On Thu, 9 Oct 2008 18:26:04 -0700 (PDT), Vide...@tcq.net wrote:
so far the free market has lost 2 trillion dollars alone out of 401k
plans recently.
and that was before today>s 700 point drop
What did you expect when Obama wants to Double the taxes on capital
gains.... take all your gains now before he gets a chance to steal
twice as much of your money. It>s only the smart thing to do when you
get a Socialist Obama that might actually win.
Be prepared... things won>t be getting better if Obama wins and taxes
everything.
ROTFLOL, high taxes on the wealthy helped get us out of the
depression, and the wealthy few, grew into legions under a high tax
[/quote]
High taxes caused business owners to simply close their doors, high
taxes lengthened the depth and length of the Great Depression.
[quote]regime. and a high capital gains tax is a safety net for the stock
market. it keeps wild speculative behavior, at bay.
[/quote]
High capital gains tax means that the poor can>t invest small amounts of
money and make it worth while. It also means that the rich will look
for other places to invest, that make a weak stock market and your 401K
will not grow if the market is slow and Capital is difficult to find.
You have a recipe for our present financial problem, Obama wants to
raise taxes, Our Market is responding to it. People started running
from the market and capturing their capital gains before the new taxes
and then that set off a panic by investors.
[quote]
--
http://www.youtube.com/watch?v=YL36nwCSYUM
http://www.youtube.com/watch?v=QJFO6COAMCY
http://www.youtube.com/watch?v=rUEQz5dltmI
It>s been said that a Communist is just a Socialist - - - with a gun.
[/quote]
--
http://www.youtube.com/watch?v=YL36nwCSYUM
http://www.youtube.com/watch?v=QJFO6COAMCY
http://www.youtube.com/watch?v=rUEQz5dltmI
$
http://Talk-n-Dog.org
********* Koom-Bay-Ya *********
%
To start with, after you Liberals take my money... what if I get sick
and need the money for a heart transplant? I will be broke because you
took the money from my paycheck and gave it to a couple of people you
think needs it to live more than I do. So my taxes are paying for cheese
or Beer & Cigarettes for other people while I die of heart disease,
Liberalism sure is a warm and fuzzy ideology.
%
A "racist" is someone who>s winning an argument with a Liberal.
%
We pledge allegiance to the flag of Green Peace, and to the world group
of eco-States for which it stands - one world tax base, under
government, with Liberalism and *welfare* for all.
%
Being a Liberal means never having to know you are your own worst enemy.
%
Congress decided to pass regulations to promote Minority affirmative
action loans. The rest of us were never asked for our opinions.
%
Sometimes you eat the bear, sometimes the bear eats you.
%
I pledge allegiance to no flag, of any group of States in the Americas -
one national tax base, under government, with Liberalism and *welfare*
for all.
%
Liberals need not live by the rules they intend to force others to live
by.
%
http://www.youtube.com/watch?v=YL36nwCSYUM
%
*Liberal Commandments*
1. Thou shalt always be a victim.
2. Keep thy Brother in the comfort zone, that which makes him happy.
3. Use any means possible to promote our social agenda.
4. Do not covet Success and achievement, strive for mediocrity.
5. Show your enemy your Bluster, before whining like a child.
6. Government is the only religion of man, serve no other cause.
7. Tithe all you have and will have to our cause, for that which is not
spent, will come back.
8. Believe in unconditional Peace and Love, so then shall you become
self important and omnipotent.
9. The truth of everything is that which you make it.
10. Life is above all else, until it would interfere with ones choice.
%
It>s been said that a Communist is just a Socialist - - - with a gun.
%
"Confiscating wealth from those who have earned it, inherited it,
or got lucky is never going to help 'the poor.' Poverty isn>t
caused by some people having more money than others, just as obesity
isn>t caused by McDonald>s serving super-sized orders of French fries.
Poverty, like obesity, is caused by the life choices that dictate
results." - John Tucci -
%
Patrick Moore, a co founder and director of Greenpeace, resigned because
of its "trend toward abandoning scientific objectivity in favor of
political agendas."
%
*Liberal Nirvana* isn>t here yet... but I can hear you lefties "humming"
Koom-Bay-Ya.
%
Can>t drill, can>t use alternatives, the only thing left is that the
Democrats want an energy shortage....
%
John Edward>s TWO Americas have met, and they want to scratch each
others eyes out. - Talk-n-Dog -
%
Barbra Boxer is now the chairman of the Senate>s Environment and Public
Works Committee, which Inhofe led until the GOP lost control of the
Senate after the last election.
%
You can>t make chicken salad out of chicken shit.
%
Media policy is... the only good news is bad news.
%
It>s hopeless to argue with the Liberals.... they are some form of brain
damaged situation, like a cross between Autism and Tourette syndrome,
fact and logic are stimuli that can>t be processed by their brains and
the resulting frustration causes a Tourette syndrome response of lies
and curse words. - Talk-n-Dog -
%
You blue nosed, pseudo-intellectual, Mommy>s special little boy, pipe
smoking, tweed jacket wearing, volvo driving, starbuck drinking,
cheese/croissant eating, birkenstock stepping, tree hugging, whining,
tax loving, sexualy confused, liberal kooks.
%
Bush has only been looking for Weapons of Mass Distruction for a short
time compaired to how long we>ve all been waiting for Hillary to find
the Rose Law Firm papers that went missing. - Talk-n-Dog -
%
Hillary hires people to be responsible for what her employees do. They
set the priorities. So what you are saying is that Hillary has no skill
at hiring competent people to do what needs to be done?
%
After 40 years of *Liberals* mired down in a war on poverty, with no end
in site and no *exit strategy* or plan for *redeployment* ....here we
are. - Talk-n-Dog -
%
The most frightening thing anyone can say is, "I>m from the government
and I>m here to help." - Will Rogers -
%
When you can>t deny the truth, silence it? - Talk-n-Dog -
%
Lewinsky!STD Antivirus: Inbound message infected
<<< Liberal infection: Hillary viral memory worm >>>
Virus Database (VPS): Cabal 080123-1, 01/23/2008
Tested on: 11/23/2008 2:30:21 PM
Lewinsky! - copyright (c) 1988-2008 CONDOM Software.
%
http://CoalitionForFreeThought.org
%
A little liberalism like a little Liquor is a good thing, but when it
takes control, it becomes self destructive like liquor. -Poetic-Justice-
%
http://CoalitionForFreeThought.com
%
Self loathing is a Liberal trait.
%
Libertarian>s want the least Government interference necessary to
achieve acceptable stability. - Talk-n-Dog -
%
http://Poetic-Justice.Talk-n-Dog.com
%
http://DOGi-Publish.Talk-n-Dog.com
%
http://Talk-n-Dog.net
%
http://Talk-n-Dog.mobi
%
http://DOGI.Talk-n-Dog.com
%
http://DOGi-Pedia.Talk-n-Dog.com
%
http://Talk-n-Dog.net
%
http://OutSourcedNews.org
%
http://OutSourcedNews.net
%
http://OutSourcedNews.com
%
http://Talk-n-Dog.com
%
http://OutSourcedNews.info
%
Liberalism sure has a funny set of commandments to live by.
*Liberal Commandments*
1. Thou shalt always be a victim.
2. Spend thy Neighbors money to keep your Brothers in the comfort zone,
that which makes him happy.
3. That which is not Liberal is Evil, use any means possible to promote
Liberal/socialist agenda.
4. Do not covet Success and achievement, teach others to strive for
mediocrity.
5. Show your enemy your Bluster, before whining like a child.
6. Government is the only religion of man, serve no other cause.
7. Tithe all you have and will have to our cause, for that which is not
spent, will come back.
8. Believe in unconditional Peace and Love, so then shall you become
self important and omnipotent.
9. The truth of everything is that which you make it.
10. Life is above all else... until it would interfere with ones choice.
%
Religious, Corporate, and Government leaders have created an invisible
cage to imprison the minds of men. It’s all about control, and they
have done a masterful job!
http://CoalitionForFreeThought.org
%
Leadership by IQ... the "most educated people" don>t seem to be the
wealthiest ones?
%
Liberals aren>t for intelligence they>re pro-choice when it comes to
freedom of where to be educated. - Talk-n-Dog -
%
If it looks like dog shit and smells like dog shit.... You can call it
ice cream, but I still don>t want any of it. - Talk-n-Dog -
%
It>s what you learn, after you know it all, that counts.
http://Talk-n-Dog.com
%
I suppose I could buy meteor insurance too, to help rebuild on that
impact crater, destined to be where my house is.
%
Our constitution protects criminals, sexual deviants and U.S.
Senators.... which at times are, one and the same.
%
Are you Sober?
Asked your buddies yet( over where you>re a bar-fly), if they want to
negotiate with child killers on death row? It>s the same thing as
negotiating with terrorists.
%
When you hold me at gun point and take my money and then hand my money
over to someone that you think needs it more than I do... that>s armed
robbery and is illegal for private criminals and government criminals
alike.
%
The problem with the global warming theory, is that a theory is like a
bowl of ice-cream, it only takes a little dab of bullshit to ruin the
whole thing.- Gump That -
%
How to outsmart Global Warming ~ Plant your corn when the oak leaves are
as big as a squirrels ear.
%
I>ll check the "Consensus Reference Guide" to see if it>s a listed
consensus.
%
An ignorant person is one who doesn>t know what you have just found out
%
I ran my global warming computer model... and it stuck in a loop, things
kept getting hot then cold and rain and then dry....
%
Trying to reason with hurricane season
%
Liberals just want to control the environment like they want to control
everyones lives, through manipulation and taxes.
%
Government health care is back and Obama>s perfuming the pig.
%
Life is like a box of chocolates, you never know where the nuts are?
-Gump that-
%
No need to thank me, just glad I could help out a pal.
%
The increases in instances of unexplained cancer and temperature show an
identical *hockey stick* curve when plotted.
%
I thought they took away your crayons...
%
Money corrupts everything, everything is corrupt. - Talk-n-Dog -
%
I>m not a genius, but I know how to hire them. - Talk-n-Dog -
%
Do they make Lear Jets with pedal power?
%
Write to:
An Inconvenient Truth - The Al Gore Global Rescue Society
20,000 sq ft, Lear Jet Liberal, Way
Taxville Tennessee 11111-1111
%
Elect Hillary and she can over see another Waco.
%
If your not the lead dog, the view never changes.
%
Black helicopters are causing Global Warming...
%
Where in the world is the Super Hero, Nobel-Man(Al Gore) he seems to be
hiding
%
Winston Churchill said, "truth is incontrovertible, ignorance can deride
it, panic may resent it, malice may destroy it, but there it is."
%
If more Government, solves Liberals every problem, prison must be a
Socialists Nirvana.... and a Club Med vacation for Liberals. - Talk-n-Dog -
%
Being Liberal means, never knowing that, you are your own worst enemy.
%
*Liberals HATE* :::::::::::
Christians
Financially secure people
Babies(fetus)
Gun owners
Freedom lovers
Corporations
Small town IDEALS
Capitalist
Military Personnel
Police(Pigs)
Lumber Jacks
Coal Miners
McDonald>s(Fast food)
Sport Utility Vehicle owners
Fur Coat owners
White people(some self loathing)
National Borders
Man
Meat eaters
self reliance
Energy(Nuclear/Fossil)...
%
Bad weather.... Imagine that, Al Gore>s Lear Jet might be grounded....
He>ll finally be Carbon neutered. |
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