Posted on 08/04/2011 4:08:43 PM PDT by george76
It is possible for changes in the marginal value of an item to cause people to behave in a way which destroys wealth (e.g. a belief that the government is going to put a company out of business may cause some people to liquidate, which may in turn cause an avalanche of people trying to liquidate, which may in turn force the liquidation of what would otherwise be a wealth-generating business) but in general, when the price of paper assets collapses, the collapse doesn't represent a destruction of wealth, but rather an acknowledgment of something that's already happened.
He should resign and go home.
Michelle could be the Queen of Kenya.
FUBO GTFO 2012 !
Dow Down 500: Should Obama Resign?
Why should he resign when we cannot find ANYONE who can beat him in the upcoming election? Think how popular his hope and change will be by then! (snicker.)
Conveniently perhaps omitting a more fitting parallel, Simon sez that a corporate CEO would have to resign. No, not a corporate CEO, Roger, but a prime minister in a dynamic parliamentary democracy. Instead, we are stuck with a 4 year term of a clown, who, as many have observed, could commit murder on national TV and still not resign, still not be forced from office.
The child king turned into 50 and Dow Jones was down 500 points.
Interesting read: Behold a White Horse
Won’t happen.
“The Left” would love to have the economy tank. It’s all about power and allocating money. If the sheeple want a Roosevelt type dictator, then Obama (and the Center for American Progress) is their man. They want THEIR friends to get mortgages, etc.
Obama is a dictator or soon will be. It is always this way in Germany, Russia, China, VietNam, Cambodia, Cuba, Venezuela, etc. Maybe dictator is strong, but CENTRALLY PLANNED ECONOMY is a dictatorship and that is what Democrats and some Republicans want.
Bravo. All the guesses by the financial geniuses about the plunge today don't come anywhere near the truth. Roger Simon nails it in a few sentences.
No one trusts Obama to quit screwing with us. The HHS edict about forcing 100% coverage for the morning after pill show that as far as Obama is concerning, private business has no barrier to government intervention. He rules them. He showed it with GM and, recently, he has showed it with Boeing. Business will continue to flee the US to get out from under his iron fist.
Debbie Wasserman Schultz: ‘We own the economy’ June 15, 2011
FUBO GTFO 2012 !
LOL!
King Obama is just the empty headed figurehead communists but the real communists America killing machine is the Democratic Party. Within this party are communists Unions and Soros organizations that pollute much of America. King Obama’s entire Administration is made up of criminals and communists.
Due to the 20% drop in the value of the dollar during DumBO’s term, it was only a $400 drop.
I don't think so.
“As far as he and his puppetmasters are concerned, he is doing an awesome job and is a smashing success.”
Don’t forget the kool-aid drinkers. They are forking over megabucks, as we speak, under the guise of barry’s birthday party.
QE2 gave the market ten months. QE3 will buy $80 billion per month of U.S. Treasuries, as long as it takes, until close to the election. By that time we could have 6% to 8% inflation and 10% 'official' unemployment.
Obama is hoping against hope that this will re-ignite the economy. It will only make inflation and unemployment worse, however. The great Keynsian experiment will go down in flames at the expense of the American people.
Meanwhile, with the support of the media, Obama will blame all of these problems on the intransigence of the Tea Party and the right wing. They started this in earnest with Joe Nocera's Op-Ed in the NYT: http://www.nytimes.com/2011/08/02/opinion/the-tea-partys-war-on-america.html?_r=1 This is their plan.
Sure, and for the same reason Bill Clinton should have resigned, half way through his second term - it would almost guarantee that his vice president would be elected to the Oval Office in the next presidential election. But he will never do it, for the same reason Clinton refused to resign: he is, in his own eyes, the most important person in the world, and obviously of more importance than the country, or even his own political party.
———Almost no one on the planet has confidence in the leadership of Barack Obama.-——
Actually, he has no clue. His ignorance and bias are showing. The market drop was not the doing of Obama , who is mostly irrelevant, or the Congress, but the catastrophe unfolding in Europe. There is danger so serious there it is shaking the world.
America proved to be a place of strength as Treasure is were a haven and rates fell. that is confidence in America rather than fear.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.