Median Democrat
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Tue Feb-17-09 07:32 PM
Original message |
Is Stock Market Affected By California's Financial Meltdown? |
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The supposed Califonria budget deal fell apart over the weekend, then the DOW falls several hundred points on Tuesday. If Rush Limbaugh wants to ruin the Obama presidency, all he needs to do is support the 1/3 Republican minorities' efforts to hold the State budget hostage. The last time they did this, Governor Davis was recalled. I don't put it past the Republicans to try to plunge the largest State into a financial abyss in order to try to score political points.
Look what they tried to do in Congress, and with California's 2/3 super majority requirements, it is much easier to sabotage California, and indirectly the economic recovery of the entire nation.
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underpants
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Tue Feb-17-09 07:36 PM
Response to Original message |
1. Cali is the 6th largest economy in the world |
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everything is effected when they have troubles
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Median Democrat
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Tue Feb-17-09 07:44 PM
Response to Reply #1 |
2. California's Trouble Could Doom American Car Industry |
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The car capital of the world is about to go under.
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underpants
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Tue Feb-17-09 09:25 PM
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10. That's why everyone got scared about their CAFE standards |
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like cadilitic (sp?) converters once they set that standard everyone had to follow it
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Ghost Dog
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Tue Feb-17-09 07:49 PM
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But, say, Poland seems to get more coverage in the international financial press at the moment.
California (and, maybe, thereabouts) ought to be an independent country by now, imho, with its own (non-federal reserve) currency.
:hide:
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Greyhound
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Wed Feb-18-09 02:13 PM
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13. Now 8th (falling from 5th less than a decade ago), but you're otherwise correct. |
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Unless something happened in the last two days that I don't know about.
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steelmania75
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Tue Feb-17-09 07:47 PM
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3. Yes, since it's one of the largest economies in the world. Also, Florida hasn't been looking good.. |
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...in the real estate world, which also helped the housing market crash
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Median Democrat
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Tue Feb-17-09 07:54 PM
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5. At Least Florida Still Has Democratic Rule, Not Some Stupid 2/3 Majority Req |
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If you are a Republican, your vote counts 1 1/3 more than your Democratic counter part in California.
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PurityOfEssence
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Tue Feb-17-09 08:08 PM
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6. Everything's affected by everything |
NorCalDem
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Tue Feb-17-09 08:16 PM
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7. Does a bear shit in the woods? n/t |
ProgressiveProfessor
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Tue Feb-17-09 08:58 PM
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8. It works both ways, just look at CALPERS |
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Edited on Tue Feb-17-09 09:23 PM by ProgressiveProfessor
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CreekDog
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Tue Feb-17-09 09:04 PM
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9. Yes, because we're bigger than France |
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but smaller than Jesus.
and hopefully our end will be better. :hide:
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Median Democrat
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Wed Feb-18-09 02:07 PM
Response to Reply #9 |
11. Maybe Republican Don't Think Californians Are "Real" Americans |
Johonny
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Wed Feb-18-09 02:10 PM
Response to Reply #11 |
12. unless they live in Orange county |
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Mon May 06th 2024, 10:20 AM
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