Open Thread: Dow 8000

In just a matter of minutes, the Dow will drop below the 9000 mark. When Bill Clinton came into town the stock market was at 3500, he left with it at 11,000. George Bush came in at 11,000 and is leaving at under 9,000.

The free market has been judged, a failure.

Comments

And so, the bailout = Fail

Now they are talking about giving AIG another $38 BILLION.

"You could say, 'Look, is this guy, Laden, really the bad guy that's depicted?' Most of us have never heard of him before." John McCain, following Clinton's strikes on al Qaeda camps

Jesus Swept ticked me off. Too short. I loved the characters and then POOF it was over.
-me

well, maybe....

Their executives need another retreat. You know. Just sayin'. They've had a rough time. tongue from cheek>

Please let this become a commercial tonight.

Dow is now down almost 400 points, again.

Dow industrials
-404.05 at
8854.05

This is very serious and it is sad that the old guard is still ruling and can't see that Change is necessary. I agree with what kos posted today (yes I am reading the Evil Orange again).

So with conservatives bracing for the worse, they won't experience the kind of pain we did. Not unless we deliver a defeat even worse than their worst nightmares. And I'll be honest with you -- I want them to hurt as much as we did. I want their spirits crushed, their backs broken.

So the way we do that is we deliver a defeat worse than they ever imagined. We do that by winning states that have no business turning Blue -- like North Carolina, Georgia, Indiana, and so on -- states that were easy Bush victories in 2004. We do that by electing a 60-seat supermajority in the Senate. We do that by defeating their leadership, like Mitch McConnell in the Senate. We do that by defeating their heroes, like wingnut go-to hero John Shadegg. We do that by making sure a record number of Americans reject conservative ideology, leaving it utterly discredited.

"You could say, 'Look, is this guy, Laden, really the bad guy that's depicted?' Most of us have never heard of him before." John McCain, following Clinton's strikes on al Qaeda camps

Jesus Swept ticked me off. Too short. I loved the characters and then POOF it was over.
-me

Dow 7000?

Dow industrials
-612.01
at 8646.09

and counting....

"You could say, 'Look, is this guy, Laden, really the bad guy that's depicted?' Most of us have never heard of him before." John McCain, following Clinton's strikes on al Qaeda camps

Jesus Swept ticked me off. Too short. I loved the characters and then POOF it was over.
-me

free fallin'

A friend of mine, a stock broker, who just happened to be on vacation here at the coast this week to get his sailboat ready to take to his other home in Florida, just called me and said, "Dude, it's the end of the world as we know it."

After we chatted a while,I said, and hopefully he didn't take it too badly because we've been friends a long time, "You know it's really just the end of the world as you know it. Most of us haven't known the world you've known."
He laughed sort of grimly, and said, "Yeah, you're probably right. But that doesn't make it easier. And it's going to affect you, too."

I told him I have no pension, no retirement, no money and no health insurance, but that I'm sure it will affect me somehow. And it won't be good.

Then I asked him whose fault he thought this all was.

"Those people who took out loans for houses they should have known they couldn't afford."

I wanted to scream through the phone. I wanted to reach ether and strangle him. Instead, I figured he'd had a bad enough day and changed the subject. "How 'bout those Panthers!" I said. "Think they'll beat Tampa Bay this weekend."

He's a decent guy, came from nothing, put himself through biz school, came back to NC and has made it fairly big.
He votes Republican nationally but mostly Democratic in statewide races and for county commission, etc. He gives a lot of money to charity, volunteers in schools, has great kids and all.

But he has always told me there should be "almost no regulations" on the financial system and that "CEOs usually can be trusted to do the right thing because they have more to lose than anyone."

As our conversation neared an end, I asked him if he still planned to vote for McNasty.

"Why not?" he said. "What's this change?"

I was speechless.

I know I must have been silent a good 30 seconds. And then I told him, "Man, I hope you make it through this OK. But in a lot of ways, I hope it is the end of the world as you've known it, and that something better can come out of it. I think the only hope for that is to elect someone completely different, someone who was raised in a different way, who sees the world differently."

He said he thinks the Panthers will win and said he'd call me back next week.

bradford

Happy?

It seems like some people are happy things are going to shit since they can blame it on Bush or whoever. Now I'm down more than $100K and I am pretty pissed, not happy that I get to blame it on someone I don't like.

Not happy. Stunned.

Did any of us ever really think we'd live through another Great Depression? I certainly did not. As for losing money in the stock market, I moved almost all my retirement out of stocks some time ago, when it became apparent that housing was going to fall through.

On a positive note, I read somewhere the other day that the stock market gained back everything it lost in the Great Depression within 4 years. If folks have invested broadly, and in good companies, they'll get their money back.

Especially once these industries are regulated correctly.

"You could say, 'Look, is this guy, Laden, really the bad guy that's depicted?' Most of us have never heard of him before." John McCain, following Clinton's strikes on al Qaeda camps

Jesus Swept ticked me off. Too short. I loved the characters and then POOF it was over.
-me

I expected tough times, that's why I ran for Council

Robert, we got to keep on truckin'

You've done a heck of a job trying to get leadership in place that at least promises readiness to make the tough decisions facing us. Heck, you even bounced back from the Edward's nonsense.

Why did you get so involved? I'm sure it had more than a little to do with your family, your kids. Why don't you peek in on them, think about what kind of better world we want to leave them.

Then keep on keepin' on. Bang those drums. Knock on the doors. Handout those guides. We'll get there eventually.

CitizenWill
there comes a time when one must take a position that is neither safe, nor politic, nor popular, but he must do it because Conscience tells him it is right. MLK,Jr. to SCLC Leadership Class

CitizenWill
there comes a time when one must take a position that is neither safe, nor politic, nor popular, but he must do it because Conscience tells him it is right. MLK,Jr. to SCLC Leadership Class

How about a pep talk.

Anyone feel like giving me a pep talk? I've got so much going on that I am just burnt out. I just dropped off a couple hundred voter guides and still have a huge pile laying around. Get out the vote. Blogs. Heeeeeeeeeeeeeeeeeeelp!

"You could say, 'Look, is this guy, Laden, really the bad guy that's depicted?' Most of us have never heard of him before." John McCain, following Clinton's strikes on al Qaeda camps

Jesus Swept ticked me off. Too short. I loved the characters and then POOF it was over.
-me

Hey sweetie....I'm feeling the same way

I was ready to quit boots on the ground work b/c I just can't write and make calls/canvass/organize. I just can't do it. (Quit, that is.) I want Kay Hagan to win and I want her to drag as many people along on her skirttails as possible. That means I have to work harder than I've been working. Maybe I'll have a beer and get started again in the morning. :D



***************************
Vote Democratic! The ass you save may be your own.

I give you Pema Chôdrôn:

"When you begin to touch your heart or let your heart be touched, you begin to discover that it's bottomless, that it doesn't have any resolution, that this heart is huge, vast, and limitless. You begin to discover how much warmth and gentleness is there, as well as how much space."

Pep talk?

Anyone feel like giving me a pep talk? I've got so much going on that I am just burnt out. I just dropped off a couple hundred voter guides and still have a huge pile laying around. Get out the vote. Blogs. Heeeeeeeeeeeeeeeeeeelp!

Pep talk? When you get to the point when you're just burnt out - really burnt out, let something go. You do have a lot going on: you're a dad - a great one from what I can see. You're a husband - I'll venture a guess that because you're a great dad, you're probably a great husband, too. Those things tend to go together. You're a terrific blogger/writer. You bring a unique perspective to the table, and often illuminate issues from a viewpoint I hadn't considered.

About the voter guides - wow! Herculean task. How about getting some folks to come pick them up instead of having you deliver them?

I don't know if you're canvassing or phone banking, or both, but if you are, let one Saturday go, and do something for yourself and your family so that you can really focus on why we're doing this. Your children are so fortunate - two parents who love each other, who love and want them. We want to give every child the same kind of security that brings. If you can refresh yourself with your family, you'll be ready to get back into the swim (I know you love that) soon enough. And your oldest is old enough to go with you on political trips - I started at about that age with my dad.

Hang in there. Just don't let go of the blogging! :-D

Tremendous Chance

We have a tremendous opportunity just waiting for us. If you had asked us in early 2005 if a Democrat was gonna win in 08 the answer would have been split. If you had said "What about a Black Democrat?" almost all of us would have said absolutely not.

And yet here we stand, with an opportunity for a victory that could be bigger than what Clinton got in 92 in terms of electoral votes. Against a Republican who is a war hero and just a few years ago was one of the most respected Republicans amongst Dems and Independents.

So keep working. Because a very real, very permanent shift in our country could happen on November 4th if we do what is needed. I don't just mean electing Obama, I mean setting ourselves up for a few years of a strong enough Democratic majority to make some real structural changes in DC.

Hagan plus Obama plus Larry etc will mean the Employee Free Choice Act, Universal Health Care, a new approach to Iraq, the economy and a ton of issues. Thats quite a lot to work for.

"Keep the Faith"

"Keep the Faith"

Dow 7000. At what point do we shut down the stock exhange?

"You could say, 'Look, is this guy, Laden, really the bad guy that's depicted?' Most of us have never heard of him before." John McCain, following Clinton's strikes on al Qaeda camps

Jesus Swept ticked me off. Too short. I loved the characters and then POOF it was over.
-me

The exchanges will be closed when the last middle-class dollar..

Between the Iraq War, the manipulation of oil markets and the financial bailout we've seen the largest transfer of monies from the many to the hands of the few in the history of our democracy. You couldn't design a better money laundering shakedown than the last 5 years. When will they shut the exchanges down? Probably never. Maybe a bit too cynical but I imagine the market will veer very close to the edge of total breakdown in order to shake out the last little drips of "disposable" wealth from the vast majority of the public.

Like a good parasite, though, the scheme doesn't want to kill its host but maintain in it a weakened state.

The long term effects on public confidence are going to be difficult to mend. Much of the middle-class has been pressed to use 401Ks or their equivalents to save for retirement. Not many folks my age or younger plan to get a cent of social security. We already have one of the lousiest saving rates in the modern world. There doesn't seem to be the will to do what the Japanese did after their '80's crash - to heavily promote saving as a way to domestically recapitalize. And with little confidence their savings are safe what will folks do? How can we capitalize our own country when moms and dads choose to stash their cash in the mattress or just spend it as if there is no tomorrow.

A real sorry state of affairs.

I'm surprised Obama hasn't stepped into the leadership vacuum created by BushCo. We can't rely on any comfort from McCain, as he seems hellbent on spending the next 4 weeks spouting vitriol. No one has confidence in Bush - as amply displayed by the market tanking even faster after his vacuous 8 minutes in the Rose Garden this morning.

Where's a national figure trying to calm the public with their own version "the only thing we have to fear is fear itself"?

CitizenWill
there comes a time when one must take a position that is neither safe, nor politic, nor popular, but he must do it because Conscience tells him it is right. MLK,Jr. to SCLC Leadership Class

CitizenWill
there comes a time when one must take a position that is neither safe, nor politic, nor popular, but he must do it because Conscience tells him it is right. MLK,Jr. to SCLC Leadership Class