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Is the market healing?

Wizard 2012/01/23 06:58:55
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http://mobile.nytimes.com/2012/01/23/opinion/krugman-is-our-e...

Checkout NY TIMES article. Paul Kaufman, economy columnist, tells of parameters that are helping thru US economy grow, such as Obama refusing to cut spending on the recovery...because it and messing with the Federal Reserve set rates would have killed the recovery. (Which is what the GOP wanted...for Obama to fail.) If he followed their advice...we would be on the European model according this writer.

Tell us. Which is better...trickle up or tickle down?
Also he suggests the DEBT we should be more worried about is PERSONAL DEBT. By healing personal DEBT...we can move forward.

Let us know how you see it. Is the economy healing because of Obama' s policies? It is a fact...we are doing better than Europe or Japan.
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  • Ambassador II 2012/01/23 07:49:46 (edited)
    Alternate answer.
    Ambassador II
    +1
    Well, give us some help here. You understand (maybe?) that "the market" is a spin off of the profits of corporatism? So, it works this way - the more corporations can charge you for the goods and services they sell, the greater their profits, the higher their stock prices.

    If you are a good Republican, a "free market" and "Reaganomics" advocate, you will encourage all corporations and your local stores to raise their prices so the "markets" will "heal" faster and the corporations will have even more cash reserves, which total
    nearly $16Trillion at this time (cash here and "overseas"). Be a patriot of the first order and just send a tithe each month to your favorite corporation, like Wendy's, or Target, maybe Walmart, without bothering to carry more of that crap home and clutter up the garage.
  • Wizard Ambassa... 2012/01/23 07:59:03 (edited)
    Wizard
    That is an interesting idea...your fav stores website has a windows background for the .99
    You download after you pay on PayPal.
    The donation goes to their charity. What I ment. was it is a form of thithering to your fav corp.
  • Ambassa... Wizard 2012/01/23 08:17:24 (edited)
    Ambassador II
    Charity doesn't work. It has to be "profit", so Wall Street can market the stock at a multiple of the earnings. If Goldman Sachs or Bank of America trading desks know in
    advance that quarterly profits will be greater, they can buy all the stock available, even the unissued shares from the corporate treasury. Then, when the profits are "reported", the stock will jump, maybe at 10 or 30 times the earnings per share. WALLA, isn't that a surprise? Then, resell the shares, and the "Trader" can earn a $30Million bonus for just a few hours and instructions to the computerized trading system. Ain't this "market" thingy wonderful for those who have the jobs? Yes, send a tithe and "heal" the markets, make a 30 year old Harvard or Yale graduate a multi-millionaire in the first year of employment - that is the "free market", the American way!!!
  • Wizard Ambassa... 2012/01/26 04:25:26 (edited)
    Wizard
    Well...if they SELL it for .99 it can be for profit instead...their option.
    I may be doing that myself soon...as I learn how to translate VB scripts to Android apps. The interpreter is open source. I do my own webmastering for two sites, but I have mostly been into eBay lately.

    I have a Tetris type game in JavaScript that could be ported too, but I am thinking of a card game I wrote a few years ago. The original Tetris code was made for Atari over 17 years ago in Russia and is public domain, btw.

    Anybody willing to make me a CEO of an app company?
    We could raise $2 million at the original public offer...but then most of it goes to advertising after a few programmers are hired.
    CYA on the upside sometime. Oh well...worth a try. smile.
  • Wizard 2012/01/23 07:03:37
    The economy is healing because of Obama.
    Wizard
    I will await your response...but I believe this writer that Obama has steered our economy towards warmer waters in his decisions. The GOP has done nothing to help working families.

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