Maybe the falling stock market is the answer to the mortgage problem

I agree, Capitalism works because it works... we don't need the talking heads in DC to take control of this...

Does anyone really trust Bush when he says we need this?
Does anyone really think Bush is wise enough?

Look at oil, it continues to drop in price...
I hope it translates at the pumps...

 

Donald Trump was on cable news yesterday and said oil will drop and the price to consumers will drop drastically (paraphrase, don't have his exact words). Goodie for us. If credit is tightend up, that should eliminate a whole lot of our junk mail credit offers which always end up getting shredded. :laugh:

 

Clinton lowered the bar on credit and the Dems have no intention on raising it no matter how bad it has hurt the market.

 

I just heard Senator Alexander(R-TN) on the floor of the Senate and I think he made an excellent point. He likened the current situation to a wreck in the middle of the road, and how you can't just sit there and look at the wreck. Sure, he said, you will be a mad about the wreck but the wreck has to be cleaned up.

Senator Judd Gregg(R-NH) is also currently making some quite salient points on the Senate floor.

A lot more sense is being made about the need for a bailout plan in the Senate than in the House.

Something has to be done. Half of Americans own stocks and then you have pension plans that are heavily invested in stocks. Now I am not ready to retire but I can start to see the dim outline of it way off in the distance. My company has a very good pension plan. And the 401(k) is very good, also, matching up to 6% of contributions. However, I cannot play the short side of the market in my 401(k). To make money in the stock market I can only do so when the market is going up. Otherwise, I make a few percentage points in interest as I am doing now after getting out of the stock market about a year ago. And I don't think we will see any major market move up as long as this wreck is sitting in the middle of the road.

 

Aside from the fact that congress does not have the constitutional authority to do collect taxes from the tax payers to give it to these companies all the false illustrations do not prove there is a need for this bail out or that it will actually fix the problem long term and not make it worse.

 

In this case the car has careened and is heading straight for you, and everyone else.

 

Then it's time to take it out.....

 

Or the money will go off shore. or into metals.

 

You guys hide your money under the mattress...I am going to buy stuff.

 

I would like to see $200 dollar a barrel oil myself!

 

Why ?

That's like me saying "I hope more hurricanes hit Texas".

 

Actually, I would like to see oil level off at around $125 a barrel. I am a machinist who works for a valve shop and as long as oil is this expensive companies will drill. If the price of oil drops too low, no drilling and no work for many machinist here in Houston.

 

And $200 a barrel will make it hard for people like me, where traveling is a major part of how I make money.


Thanx for 'splainin'

 

I think oil prices should be such that gasoline cost what it does now, about $3.50 a gallon for regular. I drive a long way to work, so it cost me also, except when I take my motorcycle.

 

They really should be 1.10 a gallon.