5 Reasons the Market Could Fall Further

I think herbert crook has missed his daily medication. I am reading an article about why the downward spiral of our economy will continue, and shortly.thereafter I find myself reading this idiotic banter about banning abortion and mandatory military service. Simply astounding. The only thing I would agree with him on is reigning in goverment spending and an 11 percent flat tax. Everything else sounds like far-right gibberish. Like encouraging prayer time by use of laws. Would someone please remind this guy that this country was founded on a seperation of church and state?

Devin Itjen of NJ @ Oct 30, 2008 22:54:39 PM

faltering financial markets

1) Too many derivatives

2) must gauantee the mortgages themselves to stop the financials from panicking.

3) Government must stop this intrusion into the equity sector,

concentrate on mortgages (the core problem) and let the market go its own way. I believe they must start selling there interest on the open market.

4) Government must address the problems unconventionally by raising rates and reducing the supply of money to hasten the fall of markets, and therefore there recovery.

5) I believe a jobs program to solve power would put us at full recovery the fastest. If people have good jobs, building power plants, designing carbon free auto"s and manufacturing them, etc. the fear of the unknown will go away even if we have a temporary retraction in society.

6) I do not believe it is good to concentrate wealth in a few banks. It is better to encourage many to be successful than to allow the larger banks to rule.

7) We need to strongly encourage a large saving rate in this county. remove all taxation from savings and allow those who have saved 20% of there annual earnings to recieve an additional "x"% back from taxes.

8) Simplify the tax system. use a flat rate tax of 11%.

9) Use a value added tax to pay for health care in this county and to balance medicare and social security.

10) Power and health care,entitlements, flat rate taxation should be taken on and solved in the first three months congress is in session.

11) Put $250,000 in everyones retirement account, invested in the market and protected by the treasury. Then tell people no tax on that money providing you save "x"% of every check.

12) do not allow the government to spend money in the same way. Cut the budget (include all spending) by 50%.review the constitution as to the areas the government should have rights to spend. Defense etc. Those area's there are not spending authority cut those areas out. (tough love)

13)Most important to avoid what the Christian mistics are saying about allowig abortion in this county Outlaw abortion except in the case of the mothers eminent death because of child bearing complications. Prosecute those who disabay.

14) Change the law so all 18-36 will serve in the military for four years with a promise they will recieve four years of college or appropriate training to stay effective in the economy when they leave service. After they leave they will stay in the active reserve tell 36. Train up doctors nurses, teachers, etc to meet the nations problems. (more sience and math professionals.)

15) encourage people to take time out for practicing there faith. Saturdays and Sundays or what ever day appropriate shoud be set aside for faith.

16) Take control and responsibility for the problems we caused.

17) Change the two party system to outlaw campaign adds. Encourage open general election, and sponsoer the debates via the government . do not allow people to buy the elections or conjure up fear to win.

Herbert Crook, Jr. of OR @ Oct 27, 2008 09:26:27 AM

B-R-E-A-T-H-E.

Just breathe. Sit back and watch for the next few days/weeks. I wish everyone would relax and just let the market bottom out. it can only rebound once it has reached the bottom. yes the next few years will be trying for investors who like to hold on to stocks for the 'long run' however for people smart enough to track stocks daily there is plenty of money to be made. And that is not evening touching the world of options and futures.

Kirsty @ Oct 26, 2008 19:39:30 PM

who pays the taxes

Just maybe the wealthiest pay most of the taxes simply because they have most of the money. WE are very comfortable with a low six figure income.

But there is not a single million dollar income in the country that pays a higher tax rate than we pay. It requires only a superficial review of the tax codes to figure this out.

I feel the answer is not more exceptions and tax breaks, but a drastic simplification of the tax codes. If most of the loopholes are closed the tax rates can be simultaneously dropped drastically.

If the tax system were simplified we could all trust that we are all being tax under the same system and paying to the same rules as the next guy.

An indirect benfit of a simpler tax code is that we could reduce the impact of taxes on financial decisions. Financial decisions being be made on their own merit would drive the entire economy forward.

omena1951 of IL @ Oct 26, 2008 14:34:54 PM

5 reasons the market could falter

We are witnessing another step in the downward spiral of society caused by Western feminine materialistic thinking.

Something that is inherently defective cannot be fixed--it will wash away before rebuilding can commence.

Eldeer George of NY @ Oct 26, 2008 09:13:49 AM

obama is joke

yeah, great man for the hour...do your research, increasing taxes during a recession is what made the depression so much worse....the top 5% of the nations taxpayers pay over 50% of the taxes already, increasing taxes on them will reduce tax receipts (just as a man who has $100 will spend more than a man with $50). Great plan.

of CA @ Oct 24, 2008 19:57:14 PM

This is not the Biblical "end". This is the beginning of an era of global cooperation for mutual benefit and Obama is the man for the hour.

of @ Oct 24, 2008 17:22:31 PM