Crunch

[Rog]

Originally Posted by Strangelet

exactly. as I'm sure i've mentioned earlier, i'll argue that the result is closer to fascism than socialism.

Its important to put this in perspective. We bailed out the airlines right after 9/11 because we need airlines. We bailed out the big three american auto makers because the jackasses thought SUV's were the way to make them richer than God, because we need an automotive industry. We've been bailing out since Bush came into office. Seems like you can derive from this a few theories.

1. bail outs do not in themselves produce better economic conditions from which further bailouts are obsolete.

2. we assert the argument that anything government can do corporations can do better but then basically graft the corporations onto the governing body so that the result is a government-corporate complex of a many headed hydra against which no small businesses or middle class enterprise can hope to compete against. Which is why the whole fucking country is working for walmart.

So here's what free market theory says as far as I can see it. Bail-out fuck all and take this on the chops. Remove priveledges that allowed such detachments from reality, and place regulations that bring all the acid tripping harvard business school grads down to earth.

If that means we don't have banks for a bit. Fine. Serves us right for being uneducated about the practices of the banks we were patronizing. If that means we don't have cheap air travel for a few months? Great. Serves us right for allowing these douche bags such a choke hold on things. Have to buy german and japanese cars? awesome. Detroit has been responsible for stopping innovation and massive fuel guzzling for decades. Fuck em. Let the smarter, more ethical people come in their place. That's the free market. And I'm wondering how you would argue that such a process is inherently oppressive or evil.

Good post! if the free market worked properly then as you rightly state i couldn't possibly argue against it.........

[cacophony]

Originally Posted by Strangelet

We bailed out the airlines right after 9/11 because we need airlines.

and the airlines are arguably worse than ever before.

Originally Posted by Strangelet

We bailed out the big three american auto makers because the jackasses thought SUV's were the way to make them richer than God, because we need an automotive industry.

and there's still been no progress from these companies to move towards significantly more fuel efficient vehicles.


bailouts don't fix anything. they prop up failing industries so those industries can worsen and continue the failed policies that put them into the position of needing a bailout in the first place. this newest bailout will be no different.

[Strangelet]

Originally Posted by Rog

Good post! if the free market worked properly then as you rightly state i couldn't possibly argue against it.........

and I concede that it is very very far from working properly. Which is what we have in common, I think deep down we want to see this whole shit house operation go down. And maybe that is infantile, as bas_I_am argues. Or maybe continually existing in such a cultural environment as this is what is truly infantile.



we'll see how this works. in the mean time there's always beer. cheers

[bas_I_am]

Originally Posted by bas_I_am

My bet, it is back down to 10300 by friday. If we break through 10200 it will fall to 9900.

boy I hit that on the head didn't ?

[jOHN rODRIGUEZ]

Originally Posted by bas_I_am

boy I hit that on the head didn't ?

Are you Jesus?

[bas_I_am]

Originally Posted by bas_I_am

My bet, it is back down to 10300 by friday. If we break through 10200 it will fall to 9900.

Look out for 9700

Originally Posted by jOHN rODRIGUEZ

Are you Jesus?

If it helps you sleep at night.

[bas_I_am]

Originally Posted by bas_I_am

Look out for 9700

Theres no stopping it now.
This could fall to 9400.

[jOHN rODRIGUEZ]

"I don't know how he sleeps at night."

uuum, when you have a $5K matress(and possibly a whore on each side), you sleep pretty well. I think.

[Strangelet]

Originally Posted by bas_I_am

Theres no stopping it now.
This could fall to 9400.

So bas_you_are.......


you seem to have a handle on the market's behavior. And you also argued in this thread in support of the bail out.

I'm curious why this precipitous drop is in no way an indication that the bail out failed to address the fundamental problems of the economy and everyone knows it, only further gauranteed a condition of stagflation circa 1978.

[Deckard]

It's weird, but already, economic crisis fatigue is kicking in.

Even though today was a very very bad day.

I gather next year will be when a lot of the impact from this stuff will be felt in the real world.