Sunday, March 7, 2010

Anniversay of rebound / Backbone of America supports CEO pay

March 9th will mark the one year anniversary of the stock market rebound. I remember back on March 9th, 2000, the forever rally of the 1990's came to an end and we encountered the worse market I had ever seen in my lifetime.

March 9th of 2009 market another major turning point in the markets with the largest rally we've seen this decade.

The question today is what will this March 9th bring knowing the all of our stimulus packages are set to expire in a few months. Will the Obama administration do another one of Bush's moves and grant us all stimulus checks again? It will be interesting to see what happens.

We will have high unemployment and a lot of people are suffering right now. Add to that the credit card companies are really squeezing American's with sky high interest rates. Some of which are above 30%. All of this in a time when America is in a recession.

The very companies that American's bailed out have turned around and hitting us hard to the higher interest rates. This is their way of saying "Thank you." Thank you for bailing us out and now I can get my nice plush bonus payments on top of my already nice salaries. Their companies were saved on the backbone on the American public.

No comments:

Post a Comment