Northwest Indiana Discussion

A few trillion missing and billions more doled out to these banksters and all the while......

http://www.timesonline.co.uk/tol/news/w ... 898195.ece

It is remarkable that the stock market rose for the fourth day in a row Friday despite Larry Summers large infusion of uncertainty - saying that "Timing of the recovery is unclear."

The Obama administration is doing what it can to keep Wall Street under pressure to justify their socialist programs.

As Lenin said before the Communist revolution,: "The worse it gets, the better it gets."

Pitting Main Street against Wall Street is a huge mistake. Most small U.S. cities have a J.P. Morgan Chase Bank or the like right on Main Street. Stirring up class warfare is stupid and counterproductive. Larry Summers today came around to the GOP position: "No new taxes."

I am not encouraged by this quick 1,000+ point upward movement because I do not see the signs that we are out of the bear market yet. I think you have a point that some want to use whatever means to bring the market up to justify the socialist programs. Also consider that a little of this is probably in fact the bump from the stimulus spending. But that is actually bad news if nearly $1 trillion of deficit stimulus spending only brings the market back up 1,000 or so points because it's probably not a sustainable level and a cascade downward once the dust settles is a valid concern here. If the market continues to tank we've pretty much already shot our whole wad in haste.

Not to mention Mirage, that working americans might be getting some income tax returns back that they are spending.

I am in agreement, that we are clearly not out of the woods yet.

Obama's approval ratings continue to fall (56% according to Rasmussen).

Maybe he should cut out the class warfare rhetoric. Especially when Geithner and Chris Dodd were responsible for authorizing the bonuses to AIG employees.

Should we claw back from Nanci Pelosi the amount spent on the air force jet that flies her to California every weekend .

Seems as if the stock market has been neither been significantly up nor down the past few days. Obama will go down as the most average president in history for this.

Obama's approval ratings have dropped to 55% (Rasmussen - 3/20/09), the lowest since his election.

His declining popularity reflects a lack of confidence in his administrative skills. Maybe he should stop campaigning, cut out the class-warfare rhetoric, and start governing

All leading economists say Bernanke's latest move is not a good one. All indicators suggest this. BTW...The U.S. is bankrupt! Read it and weep.....

http://www.cnbc.com/id/29769858

With this amount of government funding, we are about to see the greatest display of political corruption in history.

Reduce all government salaries to 10% of their present level until the economy recovers.

That will give them an opportunity to better understand how average working Americans explain to their families that they may have to reduce their standard of living.

While that may sound nice all it does is penalize the majority of government workers who earn their pay instead of the policy makers and elected who made the mess.

But rather than a 10% pay reduction I have to side with a 10%+ reduction in government bureaucracy and the elimination of numerous unnecessary departments.

The messiah and his tax dodging treasury secretary printed a trillion dollars friday....get set to go after bread with a wheelbarrow full of worthless dollars....just like the Africans. I wonder who's picture will be on the future 1 million dollar note.

I recommended reducing government salaries TO 10% of their present level until the economy turns around. Pay for Performance.

You will be amazed at how fast the economy turns.

While I can appreciate the sentiment it really isn't practical. You would just be hurting already overworked low level workers while the upper level culprits would hardly miss the money..