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jeeman
ParticipantActually, you should read the “Forgotten Man”. The myth is that the gov’t did nothing, exacerbating the fallout from the stock market.
In reality, the government was raising taxes due to lowered revenues from the stock market losses, etc. The uncertainty that gov’t intervention caused made the Great Depression last all 8 years of FDR’s first two terms. Investors don’t know what to do if they think that owning gold will be illegal or legal, if taxes will be raised, etc.
Think about what would happen if Hillary pushes for raising long term capital gains taxes to your regular income rate by the end of 2009….the market will take a huge nosedive by the end of that year, as everyone rushes take advantage of the 15% rate that is currently in place.
This is the kind of stuff that occurred in the 30s. The left in the this country revised history saying that government is the nice benevolent force that can come to the rescue. This is erroneous.
Jeeman
ParticipantActually, you should read the “Forgotten Man”. The myth is that the gov’t did nothing, exacerbating the fallout from the stock market.
In reality, the government was raising taxes due to lowered revenues from the stock market losses, etc. The uncertainty that gov’t intervention caused made the Great Depression last all 8 years of FDR’s first two terms. Investors don’t know what to do if they think that owning gold will be illegal or legal, if taxes will be raised, etc.
Think about what would happen if Hillary pushes for raising long term capital gains taxes to your regular income rate by the end of 2009….the market will take a huge nosedive by the end of that year, as everyone rushes take advantage of the 15% rate that is currently in place.
This is the kind of stuff that occurred in the 30s. The left in the this country revised history saying that government is the nice benevolent force that can come to the rescue. This is erroneous.
Jeeman
ParticipantI went to Fry’s at 4:15am on Friday morning. Last year, I got there at 4:45am and the line spanned the front of the building and 1/2 way down the right side.
This year….the line circled the building 1 1/2 times. Over 5 times longer. What a nightmare. I didn’t get what I went for.
I drove by Walmart also…huge long lines. Don’t know how it compared to last year’s. We left without standing in that crazy Fry’s line and went to Starbucks. Starbucks was really busy at 4:40am.
Jeeman
ParticipantI went to Fry’s at 4:15am on Friday morning. Last year, I got there at 4:45am and the line spanned the front of the building and 1/2 way down the right side.
This year….the line circled the building 1 1/2 times. Over 5 times longer. What a nightmare. I didn’t get what I went for.
I drove by Walmart also…huge long lines. Don’t know how it compared to last year’s. We left without standing in that crazy Fry’s line and went to Starbucks. Starbucks was really busy at 4:40am.
Jeeman
ParticipantI went to Fry’s at 4:15am on Friday morning. Last year, I got there at 4:45am and the line spanned the front of the building and 1/2 way down the right side.
This year….the line circled the building 1 1/2 times. Over 5 times longer. What a nightmare. I didn’t get what I went for.
I drove by Walmart also…huge long lines. Don’t know how it compared to last year’s. We left without standing in that crazy Fry’s line and went to Starbucks. Starbucks was really busy at 4:40am.
Jeeman
ParticipantI went to Fry’s at 4:15am on Friday morning. Last year, I got there at 4:45am and the line spanned the front of the building and 1/2 way down the right side.
This year….the line circled the building 1 1/2 times. Over 5 times longer. What a nightmare. I didn’t get what I went for.
I drove by Walmart also…huge long lines. Don’t know how it compared to last year’s. We left without standing in that crazy Fry’s line and went to Starbucks. Starbucks was really busy at 4:40am.
Jeeman
ParticipantI went to Fry’s at 4:15am on Friday morning. Last year, I got there at 4:45am and the line spanned the front of the building and 1/2 way down the right side.
This year….the line circled the building 1 1/2 times. Over 5 times longer. What a nightmare. I didn’t get what I went for.
I drove by Walmart also…huge long lines. Don’t know how it compared to last year’s. We left without standing in that crazy Fry’s line and went to Starbucks. Starbucks was really busy at 4:40am.
Jeeman
ParticipantOk, I stand corrected as I didn’t realize that it was over 2 years. 🙂
Jeeman
ParticipantSomething smells fishy….$200k in interest on $2mil? That’s a 10% interest rate. Which bank gives you this???
Jeeman
ParticipantBeen here 29 years, and doing awesome, with this year being the best. Thanks for your faux-concern.
Jeeman
ParticipantNice attempt in trying to twist my words. You know I was talking about the Soviet Union.
However, I’m about as pro-American as they come. I immigrated here a couple decades ago and love this country more than many Americans that I know.
Jeeman
Participant“Ummmm I think the 10-year Afghan war had a little something to do with it too.”
And their economic philosophies, and corruption in the gov’t, etc, etc. It all played into it, I don’t doubt that.
Jeeman
Participant“How/where do you get these numbers?”
I wish I could show you my source, but it was over 2 years ago…probably the Union Tribune. I may be off a percent or two, but it was in the high 40s.
Jeeman
Participant“The Soviet Union was bankrupt and would have fallen of its own weight (like housing today).”
They WENT bankrupt trying to keep up in the arms race. Reagan knew this would occur, and that is why he escalated the arms race. Hot war was a nightmare that he never wished for. He wrote that he felt depressed after watching “The Day After” and had a renewed determination that nuclear war would never happen.
The deficit by the democrat congress during his time was 6% of the GDP. Nowhere near the 25% during FDR’s time. Sure, there were deficits, but the ending of the Cold War helped to pay for them.
Jeeman.
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