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Seattle Bubble Forum Archive • View topic - this market makes no sense

this market makes no sense

How will housing affect the US and world economy? How will the economy affect housing?

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Re: this market makes no sense

Postby lamont » Sun Nov 23, 2008 2:02 am

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Re: this market makes no sense

Postby rose-colored-coolaid » Sun Nov 23, 2008 3:07 pm

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Re: this market makes no sense

Postby Charles Dean » Sun Nov 23, 2008 9:06 pm

Right now if Obama says anything the whole world reacts. Take a look at what happened with Lieberman. I think the DEM caucus would've kicked him out in a somewhat close vote. He makes a call to Harry Ried and says "I want him around still". The vote goes 80%/20% in Lieberman's favor. He's obviously being very careful with anything he says right now.

For those of you who are college football fans, there's been a ton of press about what he has said about the college playoff, not to mention his letter to the IOC to promote Chicago for getting the Olympics.

Rumors are that he has an auto bailout plan ready to go that is basically a quick streamlined bankruptcy with a bridge loan. Even though he technically can't introduce any legislation right now because he isn't president and he resigned from the senate, I'll bet if he really has something like this that he's working on we'll see a big surge once the details get announced. Which I would be wiling to bet he'll announce before Thanksgiving.
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Re: this market makes no sense

Postby david_mcmanus » Mon Nov 24, 2008 7:14 am

I also read in the paper this morning that Obama wants another 700 billion for a stimulus package.

http://seattletimes.nwsource.com/html/p ... obs24.html

God help us.

Well, as long as he gets that check to me by Christmas so I don't miss out on Starbucks' holiday drinks. Or that new plasma I've been eyeing. My infant daughter's grandchildren are going to have a lot of fun paying that back.
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Re: this market makes no sense

Postby WestSideBilly » Mon Nov 24, 2008 8:50 am

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Re: this market makes no sense

Postby david_mcmanus » Mon Nov 24, 2008 9:22 am

Bah, work is overrated. Just send me my no strings attached check, thank you very much. If you seriously think that people will have to do something for the money, you are sorely mistaken.
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Re: this market makes no sense

Postby Clamster » Mon Nov 24, 2008 9:24 am

Are we even getting any checks? I can't find any mention of individual stimulus checks in this next plan.
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Re: this market makes no sense

Postby david_mcmanus » Mon Nov 24, 2008 9:30 am

Then how will the common folk get any money? Do you honestly think that people are going to volunteer to build bridges or roads when they just got 600 bucks in the spring for doing nothing? Prior to the election, both Obama and Hillary talked about another round of stimulus checks.
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Re: this market makes no sense

Postby rose-colored-coolaid » Mon Nov 24, 2008 9:47 am

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Re: this market makes no sense

Postby Clamster » Mon Nov 24, 2008 9:49 am

That's true that it came up in the campaign, but looks like it has been dropped from the current second plan, if it ever was there at all. I found an article from May saying that there was no plan to include stimulus checks direct to taxpayers. Funny thing was, I had a co-worker who thought we were going to get more checks and spent his 'check' just on the word of the second stimulus. :roll:

I wonder how much money is for public transportation infrastructure, if any?
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Re: this market makes no sense

Postby david_mcmanus » Mon Nov 24, 2008 9:51 am

As long as this 700 billion guarantees that my home will continue to appreciate at 20% a year, I'll be all for it. The plasma would be just gravy.
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Re: this market makes no sense

Postby david_mcmanus » Mon Nov 24, 2008 10:27 am

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Re: this market makes no sense

Postby rose-colored-coolaid » Mon Nov 24, 2008 11:32 am

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Re: this market makes no sense

Postby david_mcmanus » Mon Nov 24, 2008 11:39 am

"Stimulus check plans are getting switched over to infrastructure plans"

All I'm saying is that I don't think this is what the PUBLIC wants. They want things to go on as before (home appreciation, consumption, etc.) and I believe that the government (Repub. or Dem) will do everything possible to keep this going.
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Re: this market makes no sense

Postby rose-colored-coolaid » Mon Nov 24, 2008 12:49 pm

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