Thread: Two Trillion Dollars - Poof!

Over the last several months the market has lost two trillion dollars. This is 401k monies and other saving investments of the little guy, formally known as the middle class. The financial genius's in our administration and financial markets wanted to add your Social Security savings to this "sure thing" of a stock market. How many newly poor have been created this year?

Mitt Romney was on hardball talking about how Obama has got it wrong on the economy and presumably promoting McCain on how he will handle the econony. Anybody remember the Keating 5?

Does anyone still believe that trickle down economics (AKA socialism for the wealthy) really works?

No, free markets work. All forms of socialism fail, as we are seeing now.

Originally Posted by 2lane

Over the last several months the market has lost two trillion dollars. This is 401k monies and other saving investments of the little guy, formally known as the middle class. The financial genius's in our administration and financial markets wanted to add your Social Security savings to this "sure thing" of a stock market. How many newly poor have been created this year?

Mitt Romney was on hardball talking about how Obama has got it wrong on the economy and presumably promoting McCain on how he will handle the econony. Anybody remember the Keating 5?

Does anyone still believe that trickle down economics (AKA socialism for the wealthy) really works?

Government policies that encourage that tax payer monies be doled out to pepople that couldn't otherwise qualify for mortgages is as socialist as it gets. Having the American people inevitably pick up the tab for those worthless loans is criminal.

Obama voted against holding Fannie Mae and Freddie Mac to higher standards and democratic congressman pushed for those loans in the first place but what do we need to fix it all? More government intervention under Obama !! Christ we're screwed.