Sunday, November 8, 2009, 12:19PM ET - U.S. Markets Closed.
Campbell Soup Co. was the only stock in the S&P 500 that escaped yesterday's historic sell-off. That’s right: 499 fell, and just one rose.
Could there be a clearer metaphor for Americans refocusing on the basics after a decade of greed and excess?
That may be a stretch, but clearly the American public is in no mood to bail out the Wall Street gazillionaires responsible for the financial meltdown. So says my guest, Wall Street Journal Deputy Managing Editor Alan Murray, who describes the extreme wealth on display in his hometown of Greenwich, Conn., in the accompanying video. No matter how appropriate this backlash may be, it will have ramifications in American business possibly for decades to come, says Murray.
I'm glad the middle class is outraged. It's about time! We should not be responsible for saving the lifestyle of these rich Wall Street billionairs. Why shouldn't they have soup for dinner instead of caviar?
MAIN STREET DOES NOT HAVE A CLUE. OPEN YOUR MAIL NEXT MONTH AND MAYBE YOU CAN FIGURE IT OUT!
Let the mighty fall... that will be the only way they will learn a lesson.
The Federal Reserve System. Created in 1910, codified by Congress in 1913 (along with the personal income tax), this "system" facilitated the US government's ability to inflame the nation's citizens for the purpose of supporting the European war of 1914-1918 (World War I). Warfare provides a source of immense borrowing and provides banking corporations with an unparalleled source of interest income.
this is not about the pay of few, it's about the loss of many
These guys just don't get how angry middle America really is. We know you are going to steal the rest of any value we have in our homes over the next years. Hey, see this sledge hammer? I may just trash what I'm going to lose anyway and give it to you now. Your glass houses might rumble from the banging. Toss me a refrigerator box....I'm about ready!
Notice the fear tactics that these people use to justify the bailout. Shameless. Can be summarized like this, "If you don't give us your money, there's going to be terrible consequences". The people are damned if they do or damned if they don't. Markets go up and down, but our economy is already the skids (due to natural economic cycles) and a $700b wealth transfer to 5 Wall St. banks is not going to fix it. We need to hold the line on this one. No bailout. Americans will adjust and persevere, that's what we do.
All you here is the market lost 1 Trillion on monday, You never hear that on tuesday stocks are up. What is the dollar figure for tuesday. Banks are up 12 to 20 percent across the board, Wachovia is up 40 percent. Government Smoke and Mirrors. What is there agenda. Wish they would quit lying to us.
Read the book "The Global Class War." The rich hate the middle class and the poor. In the "old" days the rich tolerated the poor and middle class because they needed them to work in the factories. Now with technology, a LOT less workers are needed to run a business. So the rich are doing everything they can to "hog it all" and eliminate everyone else. The rich do all they can to isolate themselves from the poor and middle classes. Ever worry about making a wrong turn and driving through the "wrong" neighborhood? Driving through a rich neighborhood might just get you more trouble than driving through a poor one. Ever have the experience of having a cop or security guard "escort" you out of a neighborhood?
there's that word "Market" again this grievous defect of law and fraud had nothing to do with a "market" system, if the idiot you are interviewing can't, or won't understand that why don't you correct him? People are angry because it is NOT market. Why do so many people listen to Ron Paul, Why Henry? please tell me , have you listened to him? I know people like to treat US citizens like idiots but this time they are not buying it, I don’t think so anyhow dude, not the fake support, not the fake bill, not anything. Interesting times we live in.
Now, let's take this country back! We have let to many push us around with all of this $$$ No one was or is there for us and we are the majority. If you work hard you get paid hard. If you pencil push your capital around then you need to push right out the door. It is definitely time to go back to a realistic USA.
I would like to take a moment and welcome the new members to the middle class. The numbers are a bit different for you now. $1,500 is no longer your car payment. That is your mortgage payment. $400 is now your car payment, not a what you spend on a pair of jeans for the weekend. You will need to find a place called Wal-Mart nearby. This is where you will buy jeans for $12. $1 is a note issued by the Federal Reserve. You may not have seen one before. It looks like a $100 note without the zeros. You can use it to buy a double cheeseburger @ McDonald's.
If this is a "housing" loan problem? Why are European banks failing?
Once the bailout is passed will Congress make us spend beyond our means to prop up the ecomony?
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Guzzo - Tuesday September 30, 2008 01:50PM EDT
Umm, Umm good!