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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (451190)	1/27/2009 8:55:40 AM
From: michael97123	Read Replies (1) of 1573986

The news is God awful and will get worse this quarter. I will consider it a victory if we are at 8,000 in March. Having said that i do think the market is oversold and will start to move up either now or after one more test of the 7500 bottom. The passage of the stimulus will give it a boost as well. I think obama is being very wise here talking to the republicans. I think he should cherrypick a few good ideas and promise to eliminate the pork in the house legislation. We all know there is pork there. Defining what is and what isnt is a different matter. Its in no ones interest to piss money away here so it can be done. If Republicans have any sense they will adopt such a compromise. I dont think they should talk income tax cuts here. I think a payroll tax holiday is the best way to go and it takes incomes tax ideologies out of the equation. I would add increases in Social Security payments and extension of unemployment benefits to the mix. I would also start bailing out the states so they dont have to cut jobs and services. And lets do some infrastructure, energy, and environmental stuff as well that will lead to jobs down the road. Did i miss anything?

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