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ANOTHER RED DAY IN THE MARKETS!!! DOW FUTURES -100!!!
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[quote:Marxist:MV8yMDQ1MjcxXzM0MzY1MDgyXzcxQTQ3QTNE] [quote:Rising Son:MV8yMDQ1MjcxXzM0MzY0OTk2X0Q4QkZEMzhG] [quote:Marxist:MV8yMDQ1MjcxXzM0MzY0OTUwXzlENjkzOUI2] [quote:Rising Son:MV8yMDQ1MjcxXzM0MzY0OTMwX0NCMzM5RTMw] [quote:Marxist:MV8yMDQ1MjcxXzM0MzY0ODgxXzVFMDIxRDVB] [quote:Rising Son:MV8yMDQ1MjcxXzM0MzY0NjQ2XzY2NERFQUZG] [quote:Luisport:MV8yMDQ1MjcxXzM0MzY0NjM5X0I5QjM2MUE5] [quote:Rising Son:MV8yMDQ1MjcxXzM0MzY0NjI4X0Q3QUY2MDdF] If there was ever an indication of how the captains of industry and the business world view Obama, this market slide right after the election is very revealing. [/quote] i think this is more about europe and south eu countries situation... [/quote] So the timing is just a coincidence? [/quote] Daily gyrations with a trend downwards. The markets have no appetite for austerity. After all, which business owner wants to be operating in an austere economy. So all this talk of austerity is basically driven by a need to drive down wages but is also tempered by the need to ensure that consumers are not pauperised. But then again, you don't own a business so this is probably all too hard for you to grasp. [/quote] Austerity - the policy of a government cutting spending by reducing benefits and entitlements? I believe you are comparing governmental economic policies with free market. Of course, I don't own a business so I'm too dumb to understand, right? [/quote] Exactly. Do you think a business owner cares where his profits come from. Oh yeah, I can see him standing at the door to his mall saying, no benefit spenders please. God, are you people that stupid!! [/quote] Take it easy, Karl - you are jumping to quite a few conclusions and assumptions. Calm down, and try to show a little more respect, you will receive it back. I do not disagree that business owners are more concerned with profits than the source of those profits. However, a business that counts on government subsidies is doomed from the start. Solyndra was a perfect example. I fear it will only get worse now. [/quote] Notwithstanding sunny jim, joe the store owner certainly does not want penniless consumers. Basic stuff actually so I really don't know why you persist in arguing a given. But as I said, working conservatives tend to miss this obvious point in their slender grasp of capitalist economics. [/quote]
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