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Man, the DOW is down a shitload this year Somehow it has to be the liberals fault : Swingers Discussion 95974
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FORUMSGeneral DiscussionsPoliticsMan, the DOW is down a shitload this year Somehow it has to be the liberals fault
TOPIC: Man, the DOW is down a shitload this year Somehow it has to be the liberals fault
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TYPICAL for CORRUPT Democratic Administrations! Run by the Sate, Gov Blanco screwed them before she left!

Homeowners still waiting for Katrina checks Meanwhile, company assigned to distribute money reaping profits Bill Yurt of Gentilly, La., who has been living in a FEMA trailer for the past 2½ years, says IFC still hasn’t sent an appraiser to determine the grant amount that will resurrect his gutted house. updated 48 minutes ago NEW ORLEANS - Two-and-a-half years after Hurricane Katrina, tens of thousands of miserable homeowners are still waiting for their government rebuilding checks, and many complain they can’t even get their calls returned. But the company that holds the big contract to distribute the aid is doing quite well for itself.

ICF International of Fairfax, Va., has posted strong profits, gone public, landed additional multimillion-dollar government contracts, and, it was learned this week, secured a potentially big raise recently from the state of Louisiana.

In the waning days of Gov. Kathleen Blanco’s administration, state officials increased the management contract ceiling from $756 million to $914 million — this, after the Legislature wanted to fire ICF over its handling of the homeowner recovery program, called Road Home.

“I’m flabbergasted that this company could be so inefficient and could mess up so consistently and for so long,” said Bill Yurt, 57, who has been living in a FEMA trailer for 2½ years.

He said ICF hasn’t sent an appraiser to determine the grant amount that will resurrect his gutted house in Gentilly. And his calls to an ICF caseworker have gone unreturned for a month.

56,000 applicants still waiting Road Home was created in June 2006 to compensate homeowners for the breach of New Orleans’ government-run levees. The program is funded by the federal government but run by the state of Louisiana. Homeowners can apply for grants to repair their homes, or obtain buyouts if they don’t want to fix things up.

Yet, 56,000 applicants — nearly 40 percent of the qualified total — had yet to receive a cent as of last month. Plagued by cost overruns and delays, Road Home is expected to cost the taxpayers $10 billion in federal money and has become another glaring symbol of frustration and red tape in post-Katrina New Orleans.

Destin FL
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ask spitzer, seems the whores in NY are doing quiet well and lib's ingeneral are stealing us blind while the welfare cheats and california are getting richer by taking the money from working stiffs.

Destin FL
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ah welll i didnt understand ur questions..

cause the majority went broke when the tech bubble burst in 2001 thru 2003

Philadelphia PA
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u said that the day traders were skewing things... at least i think so... i was just noting that day traders really have little effect on the markets and there are not soo many left.. at least if you are refering to day trader as the guy who sits by himself in his house...

Philadelphia PA
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there are few day traders that have any real effect on the markets these days...

Philadelphia PA
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Dow was off over 400 at the opening and is only down 140 now. Thats how much effect the Fed Rate cut has on markets. Maybe we can pull Greenspan out of retirement and have him fix this mess we're in. I don't hear much rosy talk these days about a "robust" economy.

Key West FL
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Perfect, I have to disagree on one point. The government does have alot of control over lending practices. It is a highly regulated industry. Easy credit and lending requirements allowed the banks and mortgage companies to make tremendous profits in the past several years all under the supposed watchful eyes of government regulators all in an effort to spur on the housing market. It was eventually going to come back to bite them in the ass and it has.

As for liberals wanting smaller corporate profits, agree that their agenda is to put more of that profit into the hands of the average American and to curtail the obscene profits and abuse. Like CEO's of failing companies getting paid multimillion dollar buyouts while the average worker gets laid off.

San Antonio TX
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A slowing economy, less profits for corporations, higher energy costs, no available credit for the vast majority of us, lack of consumer spending, all lead to a drop in the Dow. I don't think it will end anytime soon and a small stimulus package is a band aid at best. The Dow is already rejecting that idea this morning. Doesn't look good.

San Antonio TX
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Dow is reacting to bank failures and Fuel prices. Instead of a rebate...Energy!!!! Spend 1% of GDP on energy...

Imperial MO
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TOPIC: Man, the DOW is down a shitload this year Somehow it has to be the liberals fault