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Stupid question for those that know these things

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Horse with no Name Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 11:24 AM
Original message
Stupid question for those that know these things
Because I don't.
Bush's "base" is the wealthiest people in the world.
People that run major corporations...et al.
My question is simple. The dollar is at an all time low.
There are new layoffs announced daily. Anyone in the middle is feeling the squeeze, yet the stock market is up--is it being manipulation by the "have and have mores" to promote Bush's privatization of Social Security and is this possible?
Peace.
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electropop Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 11:28 AM
Response to Original message
1. Bush's corporatization of SS has 2 goals
(1) Funnel billions into the pockets of his Wall Street fat cat cronies.

(2) Bankrupt Social Security once and for all, and eliminate this hated program. the Repugnican motto is: "If it does any good, it has to go. We are not do-gooders."
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On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 11:28 AM
Response to Original message
2. Ironically, One Thing Holding the Stock Market Up
is the weakness of the dollar. It makes it much cheaper for foreigners to buy American stocks.

But basically it's about earnings. The market usually does fine as long as earnings per share regularly meet or beat estimates.
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SnoopDog Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 11:32 AM
Response to Original message
3. I think it is because ...
1. layoffs - reduce payroll expense.
2. Send those jobs overseas - reduce expenses
3. Bottom line improves


4. Americans Gets Screwed
5. Less Americans on payroll - less going into Social Security.

Alternatively,
1. Keep American jobs in America (what a concept)
2. More workers pay into SS
3. General financial well being of Americans improve
4. More Americans go to school
5. More educated Americans will see that this administration is out to ruin America and Americans.


I am sure there are more..
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euler Donating Member (515 posts) Send PM | Profile | Ignore Tue Jan-11-05 11:36 AM
Response to Original message
4. The falling dollar is not a bad thing....
....to everyone. It makes it easier for us to sell our products over seas.

There are new layoffs daily, but the overall trend is up, not down. as far as I know this is not in dispute. Could be wrong.
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FULL_METAL_HAT Donating Member (673 posts) Send PM | Profile | Ignore Tue Jan-11-05 01:30 PM
Response to Original message
5. A Simple Answer: YES :( Why? Unlimited Power + "Master Plan" n/t
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Zan_of_Texas Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 01:54 PM
Response to Original message
6. Not so simple!
Some even say that the market dropped earlier (end of Clinton's term) because the Taliban had effectively shut down the poppy growing in Afghanistan (world's largest supplier of heroin poppies). And, when the Americans came in, not only was it restored, but the heroin poppy cultivation hit all-time highs (this is fact, by the way, reported the UN)-- leading to billions of dollars in trade of heroin along a pipeline from Afgh. to Europe.

I don't know how much this affects the US market, but there are those who say illegal drug profits are laundered INTO the market, thus raising apparent profitability.

Just one more complicated scenario to a "simple" question.
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