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Originally Posted by strandinthewind
Your views are incorrect, unlearned, and not based in reality - they just sound like sour grapes. Surely, you are smart enough to realize that more than just people that invest in the market lost money when the market crashed. If you cannot see that, then you have no real grasp on how the economy works and any further discussion is worthless. Again, when these companies (and there were like 500+) crashed, yes, the people who held stock in them lost that wealth, which you seemingly gloat over, which is pathetic IMO. But, my larger point is the people these stockholders and companies did business with also lost revenue and therefore wealth. Plus, the employees of these companies also lost their jobs, which meant that everyone they did business with lost revenue and therefore wealth - and so on down the chain. You seem to think the collapse of these companies effected only the elite that you seemingly hate so much, which again is pathetic. It did not. It effected everyone and staggeringly so. Again, if the failure of all of these companies did not crash the market, then what did? Please thrill me with your acumen.
In any event, the last word is for you because you have no concept on the way a large economy works and I am tired of beating my head against a wall trying to explain it to you. I suggest you take Economics 101.
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I know our economy is in the dumpster, but I believe it has more to do with bad policy decisions by the administration rather than the collapse of Enron or MCI. You're entitled to your opinion but I have yet to see you back it up with anything more than derrogatory remarks about me. At least I have found facts/figures to base my opinion on. If you can show me these "staggering effects" to our economy from the loss of Enron or MCI's contribution, then I'll take a look at it.
btw: I never gloated over the misfortunes of the Enron Employees. I am very pissed at the fact that these poor folks, through no fault of their own were victimized in such a long term way. I absolutely HATE the way big business is conducted. And as for your constant blame of Clinton, I attribute that to your knee jerk reaction to ALWAYS find fault with him no matter what is going on NOW or WHO is really at fault.
EDIT: I didnt read what Suze wrote, my apologies for being late in attending to this, Ive taken out the offending language.