Gothamist: After Rate Cut, Stock Futures Higher

Future Taliban

Fri, 31 Oct 2008 03:51:54 -0500

"Thank Allah I had Wall St as my back-up plan to destroy Amerika" - Osama Bin Laden

Bottomless Chips

Thu, 30 Oct 2008 11:07:29 -0500

1%??!?!?!? Yeah, I'm sure the market would've set it at 1% right now. More easy money for all!!! See you at the next bubble burst in 5-10 years.

EastRiver

Thu, 30 Oct 2008 10:54:28 -0500

People didn't seem to have any problem creating the wealth in the 90s when the highest tax bracket is the very one that is being proposed. Economic bubbles are like that.

rhonda718

Thu, 30 Oct 2008 10:11:07 -0500

People didn't seem to have any problem creating the wealth in the 90s when the highest tax bracket is the very one that is being proposed. Apparently, the dividing line between capitalism and Cuba/North Korea/Albania is somewhere between 35% and 38%, who knew?

EastRiver

Thu, 30 Oct 2008 10:05:52 -0500

Dude, check your sarcasm detector.

ides_of_march

Thu, 30 Oct 2008 09:56:32 -0500

"...just in time everyone to say what a genius he was at managing the economy and creating jobs." Really? Is he going o start a profitable business that employs people? For that matter, has he ever worked for a successful private enterprise? Pass me some of that Kool Aid please; I too want to be deluded enough to believe against all economic common sense that taking more money from businesses and high earners will allow them to hire more people or give pay raises and provide benefits. "Spreading the wealth" sounds fine and dandy till the people actually creating the wealth decide it's not worth the trouble anymore. Pretty soon, everybody is riding in the apple cart with nobody left to pull t.

EastRiver

Thu, 30 Oct 2008 09:24:38 -0500

More likely the economy comes out of its funk on its own in late 2011 just in time everyone to say what a genius he was at managing the economy and creating jobs.

ides_of_march

Thu, 30 Oct 2008 08:51:54 -0500

Not to worry, Obama's punitive, hostile anti-business policies will get the economy thriving again. Look how well redistibutionist policies worked in the USSR, Cuba, North Korea, Albania etc... Well, at least the welfare queens will be happy.