So $200 billion is pumped into the market yesterday, it shoots up 400+ points...

[Javaman]

right now, it's up an amazing 11 points!

And that was from an earlier high of in the 40 point range.

Now, I'm just a simple rub from the woods and no high minded big city economist, but doesn't it appear that or "robust" economy is basically the equivalent of an anvil parachute to any "fix" by the fed or moron*?

[Warpy]

1. The problem is that the GOP has never known what it's been

doing when it comes to the economy. Their dogma is exactly backwards, that all good things flow from the top down.

As long as they're in charge of the economy, expect no changes.

We need fundamental changes in this economic system. Clinton's tweak of a minimal tax hike on the upper middle class and upwards will no longer work. Nothing but a massive redistribution downward via another New Deal will save this country and its economy.

I don't see either Democratic candidate willing to do that just now, but governments are reactive, not proactive.

I do see McStrange's admission that after many years in the Senate and voting on economic issues that he knows nothing about economics chilling, to say the least.

[flvegan]

2. I think it was $200 billion.

In credit against lender holdings, at that. At least if I read it properly.

Like a flying buttress made from Cool Whip.

[OwnedByFerrets]

3. And that screaming buffoon on Morn Joe

this morning was literally peeing his pants in glee over this shit

[donkeyotay]

4. Think of it as a relay race. The important part is that the anvil is being handed off

The taxpayers are collecting the bad paper so that the banker and GOP crony class can go on to enjoy the recovery and blow the next bubble and steal the next billion. You, me and our children are left holding the anvil. I'm not surprised they were so happy about it.

[Javaman]

5. and it closes at 9 points down. heck of a rally there. nt