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Post by Duke Nukem on Sept 29, 2008 19:00:25 GMT -5
The stock market crashed today. At almost 800 points, it's the single greatest drop in points (not percentage) in history. Congress was going to pass the bill aiding Wall Street today, and all the delegates had agreed that they were supporting this, until Nancy Pulosi decided to stand up and blame the Republicans for the crisis. Republicans responded by not voting for the resolution. They just had to make it political...
Everyone "knew" that the resolution would be passed today, so they "knew" their stocks had a fighting chance. When the resolution didn't pass, people panicked and sold everything. The stock market has now crashed as a result. They just had to make it political...
Congress isn't meeting again until Thursday (Jewish holiday), so we're stuck with this mess for a few days. It may or may not be total chaos by then. I doubt it will. Chances are people will just start buying again tomorrow and the stock market will make a recover. Not a full recovery, mind you, but we won't all be up the river without a paddle. Still, they just had to make it political...
This is why I hate the bipartisan system. Whenever an issue comes up where the decision can either benefit or hurt the American people political parties dominate the issue. Instead of thinking for themselves, politicians just cower behind their party's platform and vomit what they've been told to believe. Spineless excuses for humans like Nancy Pulosi is one of those generic dime-a-dozen politicians that doesn't deserve her post. Free thought took a backseat to party affiliations, as usual. Congress had done a pretty good job of keeping the issue of the nation's economic crisis non-political until today. Bipartisanship just couldn't allow that, though. They just had to make it political...
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DERRICK
Smash Master
Destroyer of Worlds
fuck the meta game
Posts: 894
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Post by DERRICK on Sept 29, 2008 20:08:12 GMT -5
The stock market crashed today. At almost 800 points, it's the single greatest drop in points (not percentage) in history. Congress was going to pass the bill aiding Wall Street today, and all the delegates had agreed that they were supporting this, until Nancy Pulosi decided to stand up and blame the Republicans for the crisis. Republicans responded by not voting for the resolution. They just had to make it political... Everyone "knew" that the resolution would be passed today, so they "knew" their stocks had a fighting chance. When the resolution didn't pass, people panicked and sold everything. The stock market has now crashed as a result. They just had to make it political... Congress isn't meeting again until Thursday (Jewish holiday), so we're stuck with this mess for a few days. It may or may not be total chaos by then. I doubt it will. Chances are people will just start buying again tomorrow and the stock market will make a recover. Not a full recovery, mind you, but we won't all be up the river without a paddle. Still, they just had to make it political... This is why I hate the bipartisan system. Whenever an issue comes up where the decision can either benefit or hurt the American people political parties dominate the issue. Instead of thinking for themselves, politicians just cower behind their party's platform and vomit what they've been told to believe. Spineless excuses for humans like Nancy Pulosi is one of those generic dime-a-dozen politicians that doesn't deserve her post. Free thought took a backseat to party affiliations, as usual. Congress had done a pretty good job of keeping the issue of the nation's economic crisis non-political until today. Bipartisanship just couldn't allow that, though. They just had to make it political... thats it. i'm swimming to Ireland |
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Post by Duke Nukem on Sept 29, 2008 20:25:17 GMT -5
If America ends up going under the rest of the world will follow, just like in the Great Depression. Ireland can't save you.
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DERRICK
Smash Master
Destroyer of Worlds
fuck the meta game
Posts: 894
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Post by DERRICK on Sept 29, 2008 20:42:19 GMT -5
then i'm going to the middle east.
they have been in the dark ages for over 10 centuries.
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Post by Anthony G on Sept 29, 2008 22:11:26 GMT -5
I talked to my dad about the stock market today. He truly believes that Congress is simply "pretending" that they don't want to give money to big business. You know how it's not in the constitution for Congress to hand out money? Well, Congress has to make it look like "they tried their best" not to fall to the will of Bush and etc, and then the People "convinced" them to do it. If they didn't do this, then the morons will complain "well they get tons of money, why can't I?"
So simply, Congress is acting that they don't want to give away money. They all know if they don't eventually hand out money then we're screwed. So you see, we're all in no real danger because Congress is going to wait a few more days and then go with the resolution.
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Post by Duke Nukem on Sept 30, 2008 19:38:22 GMT -5
Yeah, but what happens in those few days? I alredy knew that Congress is going to do something, but how long will it take? Congressional inaction has defined our government for far too long for Senatars and House Representatives to be considered reliable. They'll eventually figure something out, but it may be too late.
The stock market actually bounced back 500 points of the 750+ it dropped yesterday, so it's not like anybody needs to hit the panic button. Like I already said (or meant to say, I don't feel like checking), people just bought the low-priced stocks today and the market made a recovery. Still, if the Wall Street crisis isn't dealt with national credit will go down the shitter and the government will have to do a lot more than revitalize the fat cats of the economy to clean up this mess. Trickle-down economics only works for so much.
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Post by Anthony G on Sept 30, 2008 20:24:58 GMT -5
I wouldn't worry about those few days. Like you said, the stock market went up a few hundred points, and we should stay afloat until Congress accepts the resolution (which will be Thursday I can guarantee).
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Post by Duke Nukem on Sept 30, 2008 21:09:14 GMT -5
Japan went down 500 points. If America tanks, the rest of the world follows. It's hard to say what will happen. Probably nothing, but expect the unexpected. It never hurts (unless you count Y2K).
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Post by Anthony G on Oct 1, 2008 17:56:13 GMT -5
As long as China is ok we're all ok. China runs the world.
But Japan is needed too. We need more video games.
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Post by Duke Nukem on Oct 1, 2008 19:03:10 GMT -5
Actually, Hong Kong only went down 2%. Unfortunately, if the US goes into a depression, China loses their main source of income and may decide demand payment of our massive debt to them. In order to pay off the trillions necessary to assuage China, the US will begin selling its citizens into slavery one-by-one. Those who know Chinese will be assigned the position of overseers, while the rest will be given the lowly title of worker. Prepare for the worst.
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Post by Justice Bringer on Oct 1, 2008 20:05:39 GMT -5
Actually, Hong Kong only went down 2%. Unfortunately, if the US goes into a depression, China loses their main source of income and may decide demand payment of our massive debt to them. In order to pay off the trillions necessary to assuage China, the US will begin selling its citizens into slavery one-by-one. Those who know Chinese will be assigned the position of overseers, while the rest will be given the lowly title of worker. Prepare for the worst. i would like to see them try everyone and there mom has a gun in the SE united states |
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DERRICK
Smash Master
Destroyer of Worlds
fuck the meta game
Posts: 894
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Post by DERRICK on Oct 1, 2008 20:13:10 GMT -5
Actually, Hong Kong only went down 2%. Unfortunately, if the US goes into a depression, China loses their main source of income and may decide demand payment of our massive debt to them. In order to pay off the trillions necessary to assuage China, the US will begin selling its citizens into slavery one-by-one. Those who know Chinese will be assigned the position of overseers, while the rest will be given the lowly title of worker. Prepare for the worst. i would like to see them try everyone and there mom has a gun in the SE united states thats why it would be impossible to truly invade America. The majority of the population has some sort of weapon. |
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Post by Duke Nukem on Oct 1, 2008 20:23:22 GMT -5
Which probably isn't a good thing.
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DERRICK
Smash Master
Destroyer of Worlds
fuck the meta game
Posts: 894
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Post by DERRICK on Oct 1, 2008 21:03:21 GMT -5
Which probably isn't a good thing. yeah, but you see where i stand on this right? |
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EagleXC13
Pokemon Guru
Fonzy & the Badass Amarillo Slim
Training mode
Posts: 191
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Post by EagleXC13 on Oct 1, 2008 21:48:35 GMT -5
The fact that we all have guns is not a good thing nor a bad thing. Crime rates are lower in Kennesaw (where your required to own a gun BY LAW) then most other places in the state, but that could be attributed to many different things. At least we'll never be taken over =)
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Post by WolvyGhost on Oct 1, 2008 22:13:48 GMT -5
You can seize a country far more easily economically than with military force. Why do you think embargoes work?
Honestly, I think the main problem with this country is that no democracy has been as big as us, which creates a frightening see-saw: the smaller we are, the more effective democracy is, but at the same time it is easier for the government to sway.
And the economic crisis is all greed, banks wanting to sell every mortgage possible for profit because it worked on good mortgages. Actually, the crisis is a culmination of factors that all landed at the same time (China, oil, banks, people who cannot pay their loans, credit cards, debt, greed, and resistance to cleaner fuel).
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Post by Duke Nukem on Oct 2, 2008 18:26:27 GMT -5
After the housing market went flat, everything else started being hit as a result. Credit's getting worse, loans don't get paid, and people start to panic. It's decades of bad decisions converging right now, all because a few higher-ups decided to let the next generation deal with it.
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Post by Anthony G on Oct 3, 2008 4:23:06 GMT -5
I don't think we would be sold off as slaves for money. We would probably start selling land to China, probably starting with Hawaii because Asians already live there.
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Post by Duke Nukem on Oct 5, 2008 15:30:28 GMT -5
No, we'll sell Alaska, because they're basically Canada. That will also disqualify Sarah Palin for Vice-President, causing a national panic. Take cover.
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Post by Anthony G on Oct 5, 2008 16:46:25 GMT -5
This just in:
20 year old father rapes his 8 day-old daughter. WTF.
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Mizagium
Story Master
Judge. Jury. Executioner.
Posts: 2,798
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Post by Mizagium on Oct 5, 2008 16:48:44 GMT -5
...wut?
What if we seize Canada and take their oil? That would help some...
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Post by Anthony G on Oct 5, 2008 17:16:27 GMT -5
seize canada, eh?
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Mizagium
Story Master
Judge. Jury. Executioner.
Posts: 2,798
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Post by Mizagium on Oct 5, 2008 17:20:24 GMT -5
Yeah, what have they ever done that impacted the world in a significant way?
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Post by Anthony G on Oct 5, 2008 21:44:07 GMT -5
I was poking fun at Canada and their use of the word "eh". Just pointing that out.
Anyway, Canada is obviously doing something right. Seems like they never have any problems. Canada is the kid that is weird but never picked on because you had no reason to.
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Post by Duke Nukem on Oct 6, 2008 15:40:17 GMT -5
Canada is still basically run by Britain, just so you know. They also have a bicameral legislature, and the upper house is appointed by a representative of the Queen of England. Also, they have a 4-party system that's too busy arguing with itself to get anything done. Finally, they're basically socialist. They have universal healthcare that doesn't work (which is why they come to the US to get medical care and pay out of their pockets for it) and the government dominates their economy.
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