Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 01-17-2008, 06:45 PM   #41
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,018
Originally Posted by Want2retire View Post
You all probably know about this already, so I'm not going to start a new thread. But,

Bernanke Backs Stimulus Effort
WASHINGTON -- Federal Reserve Chairman Ben Bernanke endorsed a "quickly" implemented fiscal stimulus package, saying it would complement the Fed's efforts to provide monetary-policy insurance against an economic downturn.
The remarks came shortly after the White House said President Bush has decided that an economic stimulus package is needed to help the sagging economy. Mr. Bush has also agreed to delay his campaign to extend his signature tax cuts until after he and Congress negotiate an emergency package to jump-start the economy, according to a Republican familiar with internal White House deliberations. Mr. Bush will outline some of his plans Friday morning.

This is from Bernanke Backs Stimulus Effort -

Sounds like the cavalry is on the way!
But why would the democrats vote for this? They want to raise taxes. Wouldn't a short term stimulus package be counter productive if you want to raise taxes? I'm sure I'm missing something.
Retired 3/31/2007@52
Investing style: Full time wuss.
Dawg52 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-17-2008, 10:28 PM   #42
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,085
I watched Bernanke and all the Pols making points for the cameras. They wanted him to endorse an undefined fiscal stimulus package, so they send everyone 100 bucks and say The Fed told us it was a good idea. They questioned how this could work for folks that don't file taxes.......I thought the helicopter joke was comming again. Noone ever said anything about reduced spending or any long term solution to offset programs like stimulus packages or tax cuts or whatever. The whole time they're talking, the market is nosediving.
jazz4cash is offline   Reply With Quote
Old 01-18-2008, 03:11 AM   #43
Full time employment: Posting here.
Retire Soon's Avatar
Join Date: Nov 2005
Posts: 655
The Russell 2000 is now down more than 20% from its July high making it a bear mark
market in small stocks.

Today's Markets -
Retire Soon is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
glut of liquidity. low cost of capital. low yields perinova FIRE and Money 3 01-10-2007 05:40 PM
FI on the down low??? Cattusbabe Life after FIRE 112 05-21-2006 05:43 PM
Warm,Low cost of living,No/Low taxes, inexpensive golf & water sports JohnnieRed Life after FIRE 60 01-16-2006 10:54 AM
How low could you go??? patnbj FIRE and Money 15 08-18-2004 10:20 AM
How Low Can We Go? Bob_Smith FIRE and Money 7 01-14-2004 12:11 AM

» Quick Links

All times are GMT -6. The time now is 02:33 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.