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Futures Point to Another Bad Day on Wall Street on Friday

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louis c Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 08:29 PM
Original message
Futures Point to Another Bad Day on Wall Street on Friday
Edited on Thu Oct-09-08 08:30 PM by louis c
The Dow has dropped over 5,500 points in a year. George Bush was endorsed twice by John McCain and Sarah Palin. That's not just guilt by association, that's a direct involvement in supporting the man and the policies that have created the greatest economic crisis since October of 1929. It took a great Democrat who knew how to speak to the American people to get us out of that mess then, and it will take another one to get us out of this mess now. Make no mistake about it, the Republican philosophy of trickle down economics and laissez fair government caused both collapses, and a hands on leader that can have government work for the people is what will get us out of this.

Link to Futures:
http://money.cnn.com/data/afterhours/index.html
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opihimoimoi Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 08:31 PM
Response to Original message
1. The GOP owns this shit....all of it...they will pay the price
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Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 08:33 PM
Response to Reply #1
2. Hopefully, that price means they will not control the Congress again for another 40 years.
Seems an appropriate price to pay for wrecking everything.
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louis c Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 08:36 PM
Response to Reply #2
4. By the way, do you know............
Edited on Thu Oct-09-08 08:53 PM by louis c
when the stock market recovered its point value after the collapse on October 24, 1929? In other words, how long did it take to get back to its previous high point?

The answer, unbelievably, is 1960.
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Individualist Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 08:35 PM
Response to Original message
3. and DLCers keep insisting the current state of the economy is no big deal
They apparently still haven't realized they're going to get screwed just as the rest of us are.
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Lil Missy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 08:43 PM
Response to Original message
5. I believe it was Charlie Rangel who said this about "trickle down economics".
Paraphrasing:

Republicans would have us believe that the poor and middle-class getting what comes out of the other end of the elephant is good economic policy.
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