Stock Market Dives — How You Doing?

Panic is the enemy. The numbers are bad and things will get worse before they get better, but nonetheless they will get better. Make sure you have enough cash on hand to pay your bills for the next few months and you’ll be fine.

This problem is said to be caused by the bad home loans so why are we bailing out the companies that provided them? If the government wants to bail them out here is my suggestion.. Pass another 750 Billion bill and give each taxpayer $300,000.00. For a married couple they would get a total of $600,000.00. They can than take this money and pay off their homes (on average $250,000.00). This would clear all the bad debt the banks are saying are causing this problem. The balance of the money given to the taxpayers would surely be put back into the markets and the economy would be flowing. It is about time the Government takes steps to help all American not just Corporate American. Everybody should write their Congressmen/women and tell them we want a stimulus package stated above! What better way to help companies get back on their feet (we can retire their debts) give us the money!

We live well within our means….we own a house way below what we can afford. We have NO credit card debt. Our daughter will graduate from college this year debt free. We only buy what we can pay for in cash. We drive older cars. And, we sock away as much as possible for our retirement. How much lower can we go???? What else does this economy expect? I thought we had done
all of the “right” things to insure a secure future but I see it all going down the toilet….

700 billon dollars, just to start mind you. More will be transferred at Bernanke’s discretion. Probably to his buddy Paulson. And yet they STILL decided to tank the market and implode the economy to make even MORE money. Think the government looks out for YOU, look around! See those tent cites, foreclosed houses, unemployed neighbors, and increase in prices while your hours get cut and your pay goes down. Then ask yourself, how the men who sat and allowed this to facilitate itself (Namely Obama, McCain, Hilliary, Biden, et. al) are supposed to be expected to acknowledge their own complicity while sacrificing their bankrollers who make it possible for them to enjoy thier life of luxury. If you buy into that then your are surely deluded enough to cast a vote (That may or may not even be counted anyway) for Obama or McCain. It’s time to stop cooperating with this system that is created to destroy us. We either have to run and take over positions of power. Or take the necessary steps to abolish it. Anything else is a recipe for our own destruction.

Hmmm… lets see… I’ve lost over $300,000 dollars since the market started falling off. Now’s the time to buy though! DOW is below 10,000!

Beck:
If you could pay off your house and save on average $1500-$2500 per month it would be worth it! It is time for us tell our government We the People can bail these companies out, give us the money and let us do what is best! I can smell another bailout coming, this is just the start!

you can’t sell your house because Obama is going to raise the capitol gians tax to 30%.

hmmm: You started off good but in the middle you got confused.. I do believe you meant to say BUSH, MCCAIN, CHANEY, AND ALL THE OTHER REPUBLICANS.
FACTS:
Unfortunately, any lessons McCain learned from the Keating scandal didn’t affect his unbridled enthusiasm for deregulating the finance industry. “He continues to follow policies that create the same kind of environment we see today, with recurrent financial crises and epidemics of fraud led by CEOs,” says Black, the former S&L regulator. Indeed, if the current financial crisis has a villain, it is Phil Gramm, who remains close to McCain. As chair of the Senate Banking Committee in the late 1990s, Gramm ushered in — with McCain’s fervent support — a massive wave of deregulation for insurance companies and brokerage houses and banks, the aftershocks of which are just now being felt in Wall Street’s catastrophic collapse. McCain, who has admitted that “the issue of economics is not something I’ve understood as well as I should,” relies on Gramm to guide him.

An Obama presidency with his spending programs will absolutely destroy this economy. Look at the states that are bankrupt. California and Massachusetts. he wants to give Health Care and College to 6 million illegal immigrants. He wants to increase the capitol gains tax. Business and Jobs will tank.

Beck:
If every “Taxpayer” wrote their congressman/woman and put pressure on them it can be done! It is about time the American people put their foot down and say enough is enough! Could we operate month after month with a 2-3 Million $$ lose like 1/2 these companies and than get bailed out? Can we pick up the phone at the end of the month if we are 5K short? We need to get the American people to say “STOP” If they government wants to continue down this road we have to say “NO”

It was the democrats in congress who were responsible for the failure of fannie may and freddie mack. They opposed any effort to stop the sub prime crisis. Obama did nothing to stop it. He has taken more money from freedie and fannie than any other senator except Dodd. He has former Ceo’s of Freddie and Fannie as economic advisors. His chief economic advisor , Penny Prtizker 2.3 billion dollar bank failed due to sub prime lending and irregular accounting practices.

matt: Stop with the half truths.. It all started with a Republican president and Republican congress for 4 years. Let’s do put the blame down.

Dean: As you are well aware, Ron Paul is a Republican. He lost in the primaries because the media wanted their candidate, McCain (not Obama). If you need a refresher on what McCain thought of Ron Paul – watch the Republican debates again. In my opinion, McCain (and the other candidates) were disrespectful and dismissive of Ron Paul.

1percenter: lets see what happens!

Beck-
You need a history lesson. There’s plenty of blame to go around, including the Democrats who, during the Clinton years, put pressure on lenders to loan mortgages to low-income people who could not afford to pay the loans back.

It was in the Clinton admin in which the loan companies were “encouraged” to give home loans to people who couldn’t afford them. Loans were easier to get. People started living well outside their means. When Bush became pres, was he supposed to take that away and become a heartless leader? Get real democrats- it is because of the Clinton admin that things started tumbling downward. “role model” of a president- Clinton.