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I will be punished for being right
by C Miller

HEY - I sold my overinflated house 2 years ago. I shorted bonds. I did ALL the right things, but now these clowns want to bail out the people who did all the wrong things to punish the people who did the right things.

There are 2 sides to every market - and the Fed is not there to just bail out the rich guys when they've made a mistake. Inflation is high and climbing (no thanks at all to the real estate bubble), and the only sensible thing for the Fed to do is to RAISE rates, not lower them to appease Cramer and his goons who made trading mistakes.

Lowering rates HURTS people who are heavy savers and rewards those who are heavy borrowers. What happened to the old teachings that saving is good, borrowing is to be avoided?

Cramer does not have the long term interests of the country and its people in his interest, he only has his own short term greed in mind, and doesn't care if they turn our economy into a Weimar republic.

Anyone who thinks that eradicating the value of the dollar is good for economy, doesn't understand macroeconomics in the least.

Re: I will be punished for being right
by genedio

"Anyone who thinks that eradicating the value of the dollar is good for economy, doesn't understand macroeconomics in the least." Granted, but the bailoutists rarely come out and say they want to eradicate the value of the dollar. They are deceptive and short-sighted faux capitalists, for the most part--sort of like our Prez.

I don'y agree that B should hike rates. It would decimate the economy, and probably lead to a recession (which may be unavoidable, anyway) and thus, cause a fall in the dollar because of the impression that he would have to subsequently ease. Enough of the roller coaster! They shit the bed, and we've gotta sleep in it. We should fire the greedy Republicans who fell asleep on the job and elect better Democrats or third-party candidates, like Ron Paul. (I still don't see why he calls himself a Republican).

Re: I will be punished for being right
by Madai

We know that Ron Paul is a libertarian, however, having an (R) next to his name is a wise move. He's in an area where many will vote straight republican. By calling himself a republican, he ensures that he has no republican rival

It's the difference between

Ron: 60%

Demo: 40%

And

Ron: 30%

Republican: 30%

Demo: 40%

Some white supremacist jackass(James L. Hart) ran as republican(the republicans disavowed) one year, and got 26% of the vote. The 2 party system is dug in. Some people will vote for an "R" no matter what the candidates really R.

<link>

And after the shenanigans of the last 35 years
by genedio
Watergate, going off the gold standard, Trickle-down, deficits, Contragate, S & L bailout, no prevention on 9-11, more deficits, stupid and failed wars, housing bubble and bust, more bailouts, wiretapping, and legal torture...won't vote for anybody with an (R) after their name.
Bingo
by Sarvis

Savings, thrift, fiscal prudence, skepticism, and the lessons our grandparents taught us are actively discouraged on a routine basis and punished when it looks like they might pay off.

Conservativism as an actual lifestyle practice is the biggest lie in America.

You will note that the "free market" is a labrynth of rules and interventions and subsidies all pointing in the direction of up, and rewarding of speculating with other people's money and amassing of mountains of debt.

There are no market circuit breakers to halt a meltup. There are no people describing the bandwagon of investments into tech stocks or real estate speculation as a "panic".

It's not that no one ...
by watt4bob

...has a proper descriptor for the 'Melt-Up', the problem is that no one is listening.

I think "Irrational Exuberance" was a pretty good label; it's just that no one ever thinks it describes their own behavior.

Pride before the fall, and all that.

I really doubt to beat hell...
by daystar
there will be any bailout for homeowners. At least, not from this administration; and it will be two years before we see the first ideas turn into law of the next administration. And then there's always the lingering possibility that GW will still pull another Hitler and spit out the republic; I wouldn't rule that out until I see someone else sit down in the oval office.
Whoa
by Inquisitor
RON PAUL I love even though he is half crazy
Re: I will be punished for being right
by revrick

C Miller,

It sounds to me like you made a killing (selling your overinflated home and shorting bonds), which in my book is a long way from punishment. So, what's your beef? You gamed the system, but you know its golden rule: them that has the gold make the rules.

The only fiscal punishment that will be handed out will be visited upon our kids and grandkids, who will get stuck with the bill. Now that's something to squawk about!

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