Citigroup stock trades below 1 dollar per share.

derivicus said:
If you need microcosm examples of Democratic liberal policy in action and it's aftermath, look no further than California, NYC, IL, and the like. Taxes are through the roof and state budgets are in ruin.

I am a democrat, but I certaily claim no affiliation with this type of government. It's downright criminal. It's frivolous spending and nothing more.
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NYC has been led by Republicans for the past 4 elections. and we had a Republican Governor for the 12 years. NYC was brought out of the ashes during that time and practically re-invented. New York State maintained, but its Upstate and Western counties faltered.

so where were the liberal policies that got us here? idn_smilie
 
Help!I'maRock! said:
NYC has been led by Republicans for the past 4 elections. and we had a Republican Governor for the 12 years. NYC was brought out of the ashes during that time and practically re-invented. New York State maintained, but its Upstate and Western counties faltered.

so where were the liberal policies that got us here? idn_smilie
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Um, gun control? Tax and spend State government? Sky high state and city taxes? Union control? The NEW YORK TIMES? Schumer and Clinton? Off the chart gas taxes? Usage taxes on tobacco? Geez, I could be here all night!

You live in the second most liberal city in the US and you're gonna imply that you have a Utopian Republican led community? Blech! I'm finished with this!
 
derivicus said:
Um, gun control? Tax and spend State government? Sky high state and city taxes? Union control? The NEW YORK TIMES? Schumer and Clinton? Off the chart gas taxes? Usage taxes on tobacco? Geez, I could be here all night!

You live in the second most liberal city in the US and you're gonna imply that you have a Utopian Republican led community? Blech! I'm finished with this!
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the last decent Senator this state had was Daniel Moynihan. i'm hoping Kirsten Gillibrand will take up that mantle. what i'm saying is that its not as black and white as you'd have everybody believe, and its a bipartisan effort that has brought us here. we all inherit problems that others have created. only time will tell if the solutions we come up with actually work.
 
I love how when things are going great for the economy everybody claims that government regulations take years to effect the economy, but when things are grim, the same people seem to think that the current leadership is entirely responsible.

In reality, it's a mish-mash of the last 20 years of decision making that has gotten us into this mess. Nobody in their right mind could place the blame squarely on an administration that has been in power for less than 3 months, especially since the huge downward spiral started well over a year ago.

Are the current administration's plans helping? Not so far, but then nobody really thought that on January 22 everything would go back to being peachy-keen, did they?
 
Help!I'maRock! said:
the last decent Senator this state had was Daniel Moynihan. i'm hoping Kirsten Gillibrand will take up that mantle. what i'm saying is that its not as black and white as you'd have everybody believe, and its a bipartisan effort that has brought us here. we all inherit problems that others have created. only time will tell if the solutions we come up with actually work.
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I'm having a hard time feeling any optimism for NY. The citizenry itself has devoured the Kool-Aid for so long conservatism won't ever show it's face there again.

I've lived in several large cities including Atlanta and Chicago and IMHO most urban dwellers have a dependent disposition. Most don't do for themselves, much less think for themselves. This is fertilizer for the socialist movement.
 
Help!I'maRock! said:
you have presented no facts. and the market clearly wasn't ebbing and flowing. look at the chart. it increased considerably every time there was deregulation. the housing deregulation started in the Republican led Congress of the Clinton era. the swaps of the Bush II era took billions of dollars in loans that couldn't be repaid, sold and resold them until they were "worth" billions more than was actually there, and then people were surprised once the market started tanking at the end of last summer.

if Obama has anything to do with it, its that his election catalyzed the idea that deregulation was over. that's it.
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Quoted for truth.
 
Phil513 said:
Well, my opinion, fwiw.


During Bush's tenure, he pushed to open up lending to people that normally wouldnt or couldnt get into a home. I heard a speech of his, i'll try to find it, where he pushed to have that opened up. For some reason once owning a home is labeled "the american dream", then it sorta belongs in the bill of rights, like life, liberty etc . . .

Ones lenders started loosening standards for loans, the race was on. Any lender that wasnt posting tons of loans started looking irresponsbile, or even racist. So we end up with a ton of people owning homes that shouldnt have. That bubble was so huge that when it popped, it took out everything else.

Personally, i think it was governments intervention in free markets that landed us where we are.
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It's not just Bush, deregulation has been a Republican mantra before he even came into office. He put the final touches on it I guess.
 
Punchy said:
Wasn't it Clinton who started the easy home-ownership deals though? I thought is was his administration that started programs like "ACORN" or whatever that was to get low-income families into houses. . .

Not pointing fingers, and not that it matters, that's just how I was remembering it.
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I thought ACORN was an organization that helped get people register to vote? Maybe your memory is off.
 
Prages said:
I love how when things are going great for the economy everybody claims that government regulations take years to effect the economy, but when things are grim, the same people seem to think that the current leadership is entirely responsible.

In reality, it's a mish-mash of the last 20 years of decision making that has gotten us into this mess. Nobody in their right mind could place the blame squarely on an administration that has been in power for less than 3 months, especially since the huge downward spiral started well over a year ago.

Are the current administration's plans helping? Not so far, but then nobody really thought that on January 22 everything would go back to being peachy-keen, did they?
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Right, to "squarely blame" Obama for this whole thing is incredibly partisan....full blinders on. There was clearly a large problem long before he even took office, it was a big part of the presidential campaign. The problem was brewing long before anyone noticed it as the whole thing grew to a head. None of this happened under Obama's watch. So far Obama hasn't "fixed it" miraculously, but geez who expects that anyway?

If anything, I think Obama is quite moderate compared with some other members of his party. I'm glad he's in there instead of a full on wingnut from either side, as Bush certainly was.
 
So if you bought 100 Citigroup months ago at 50 dollars a share your 5,000 investment would be worth less than 100 bucks. But if you'd bought 5,000 dollars worth of beer and drank it, then recycled the cans, you'd have about 125 bucks.

So see, beer is a better investment than stocks. Drink up.
 
derivicus said:
I'm having a hard time feeling any optimism for NY. The citizenry itself has devoured the Kool-Aid for so long conservatism won't ever show it's face there again.

I've lived in several large cities including Atlanta and Chicago and IMHO most urban dwellers have a dependent disposition. Most don't do for themselves, much less think for themselves. This is fertilizer for the socialist movement.
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yes, and Florida is a shining star in the conservative movement. :rolleyes:
 
r0g3r said:
I thought ACORN was an organization that helped get people register to vote? Maybe your memory is off.
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ACORN was definitely a loan program, was just having trouble remembering who started it. My wife and I tried to use it to buy our first house, but we didn't qualify. idn_smilie
 
Punchy said:
ACORN was definitely a loan program, was just having trouble remembering who started it. My wife and I tried to use it to buy our first house, but we didn't qualify. idn_smilie
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you're both right

www.acorn.org
www.acornhousing.org

http://acorn.org/index.php?id=12342
Service delivery: ACORN and its allied organizations provide extensive services to our members and constituency. These include free tax preparation focusing on the Earned Income Tax Credit; screening for eligibility for federal and state benefit programs; and, through the ACORN Housing Corporation, first time homeowner mortgage counseling and foreclosure prevention assistance, and low income housing development.
 
markwein said:
I thought Florida was full of old New Yorkers? That's where my grandmother moved to just before she passed away in the 80's....
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Florida Governor Charlie Crist, a Republican, has become quite the outspoken supporter of Obama. course, he was born in Pennsylvania and raised in Florida. so he's obviously a northern liberal sympathizer.
 
Damn_Yankees.jpg
 
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