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Stock market tanks on Supreme Court Decision (going vertical)
Yahoo Finance ^

Posted on 06/28/2012 7:42:52 AM PDT by quesney

http://finance.yahoo.com/q/bc?s=%5EGSPC+Basic+Chart&t=1d

http://chart.finance.yahoo.com/z?s=%5eGSPC&t=1d&q=&l=&z=l&a=v&p=s&lang=en-US&region=US

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Your Opinion/Questions
KEYWORDS: bhodjia; bhohealthcare; incrementalism; obamaeconomy; obamalegacy; obamasfault; obamunism; ruling; socialism; ussa; wallstreet
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To: C210N

More like...

That stock chart photoshop with zer0 saying “I DID do that!!!” needs to be changed, with roberts saying “and I helped!”


21 posted on 06/28/2012 8:11:57 AM PDT by BrandtMichaels
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To: for-q-clinton

That may be true but once dreams are destroyed then production is destroyed and they will be as hungry as anyone else and will resort to bombs and guns to attempt to force the masses to feed their evil plans, but many of them will die as well.
Civilization will die as it always does under these conditions and history will repeat itself.


22 posted on 06/28/2012 8:12:30 AM PDT by formosa (Formosa)
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I predict that many companies will be laying off more and more employees.........immediately!! This week’s reported numbers are 386,000 or so. See what the numbers are within the next 3 weeks. Many companies will lay people off right now & pay a severance pay. Then the filings will hit——just before the Republican Convention.

Small companies will be run by the husband and wife & no other employees. They will downsize to take care of themselves & their families, but no employees. What is the premium for young people 18-25??? Now the ‘family’ has to cover their kids until age 26. Run a small family business? Now you will have to add the insurance for your kids who are 18-25...and it is totally unclear if that child is working elsewhere which entity is responsible for insuring them!!! Will there be double coverage??? Will there be fights between insurance companies about paying claims as to which company is responsible for a 24 year old’s hospital bill? Mommy & Daddy’s insurance or the employer’s insurance??? This will get litigated for many years, IMO.

Back to the days of Daniel Boone.....just the proprietor and no employees.

Watch the unemployment go thru the roof in numbers that Obama cannot hide. 8% will be a distant memory!!

That kind of unemployment leads to fewer & few customers for the companies still operating & the downward spiral gains momentum.

Fewer and fewer employees leads to more and more mortgage foreclosures because unemployment cannot support the house payment. Banks & lenders are impacted harder. New loans will be scrutinized more and more. Unemployment rarely leads to a person paying much income tax, so the Feds get less and less revenue to pay more and more of Obama’s spending costs.

Stock markets will tank, leading to less income in personal money markets==less taxes on your earnings==less revenue to an administration that couldn’t find enough ways to spend, spend, spend.

Pension funds will take another huge hit & Stockton will soon be surpassed as the largest US city to declare bankruptcy. Most pension plans are based on actuarial estimates of earnings which were calculated long before we even heard the word OBAMA. Now, those pension plans are getting more & more retirees & less and less money.

How long before Obama goes after your PRIVATE 401 K plan? Your Annuity?? Your savings account? Your checking account? How long before he orders that if you have an empty bedroom, you MUST take in a new housemate???
Think I am crazy? Think again!!!!!

Obama is ‘leveling the playing field’ alright-—everyone will be unemployed before long.

If Romney cannot win & get a majority of 60 in the Senate & a heavy majority in the House, this country will be in chaos within another 9 months.

Then maybe those who have been laughing at ‘the preppers’ will get the message.

They will get it too late, but they WILL get the message.


23 posted on 06/28/2012 8:22:56 AM PDT by ridesthemiles
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To: quesney

The Federal Government hereby Commands you to buy Broccoli every Tuesday, Gym Memberships at Gold’s Gym, Enterically Coated Baby Aspirin, wine, Fish Oil, a Chevy Volt, and Solar Panels for your roof.

All these things are good for you, as your Superiors have decided, and they get to decide how to spend every last dime you earn. The Supremes said so today.

You are now owned, lock stock and barrel, by the government.

They can direct 100% of your earnings as they see fit.

You’re a slave this morning.


24 posted on 06/28/2012 8:25:27 AM PDT by Uncle Miltie (Individual Liberty, R.I.P, 6/28/2012)
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To: quesney

We all have been enlisted and drafted as soldiers fighting the war on poverty and bad health, so called.

So, all our belongings are now the state’s, pretty much automatically, to the whims of crazy crack heads in power.

We are all privates of the liberal wonderful plantation of indulgences and wishful thinkings.


25 posted on 06/28/2012 8:27:59 AM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: quesney
Ronald Reagan speaks from beyond the grave to denounce Socialized Medicine:

Back in 1927 an American socialist, Norman Thomas, six times candidate for president on the Socialist Party ticket, said the American people would never vote for socialism. But he said under the name of liberalism the American people will adopt every fragment of the socialist program.

There are many ways in which our government has invaded the precincts of private citizens, method of earning a living; our government is in business to the extent of owning more than 19,000 businesses covering 47 different lines of activity. This amounts to a fifth of the total industrial capacity of the United States.

But at the moment I would like to talk about another way because this threat is with us, and at the moment, is more imminent.

One of the traditional methods of imposing statism or socialism on a people has been by way of medicine.

It’s very easy to disguise a medical program as a humanitarian project, most people are a little reluctant to oppose anything that suggests medical care for people who possibly can’t afford it.

Now, the American people, if you put it to them about socialized medicine and gave them a chance to choose, would unhesitatingly vote against it. We had an example of this. Under the Truman administration it was proposed that we have a compulsory health insurance program for all people in the United States, and, of course, the American people unhesitatingly rejected this.

So with the American people on record as not wanting socialized medicine, Congressman Ferrand introduced the Ferrand bill. This was the idea that all people of Social Security age, should be brought under a program of compulsory health insurance. Now this would not only be our senior citizens, this would be the dependents and those that are disabled, this would be young people if they are dependents of someone eligible for social security.

Now , Congressman Ferrand, brought the program out on that idea out , on just for that particular group of people. But Congressman Ferrand was subscribing to this foot-in-the door philosophy, because he said, “If we can only break through and get our foot inside the door, then we can expand the program after that.

Walter Ruther said, “It’s no secret that the United Automobile Workers is officially on record of backing a program of national health insurance. And by national health insurance, he meant socialized medicine for every American.

Well, let us see what the socialists themselves have to say about it. They say once the Ferrand bill is passed this nation will be provided with a mechanism for socialized medicine capable of indefinite expansion in every direction until it includes the entire population. Now we can’t say we haven’t been warned.

Now Congressman Ferrand is no longer a Congressman of the United States government. He has been replaced, not in his particular assignment, but in his backing of such a bill by Congressman King of California. It is presented in the idea of a great emergency that millions of our senior citizens are unable to provide needed medical care. But this ignores that fact that in the last decade, 127 million of our citizens, in just 10 years, have come under the protection of some form of privately owned medical or hospital insurance.

Now the advocates of this bill when you try to oppose it challenge you on an emotional basis. They say, "What would you do? Throw these poor people out to die with no medical attention?”

That’s ridiculous and of course no one is advocating it. As a matter of fact, in the last session of Congress a bill was adopted known as the Kerr/Mills bill. Now without even allowing this bill to be tried to see if it works, they have introduced this King bill, which is really the Ferrand bill.

What is the Kerr/Mills bill? It is a frank recognition of the medical need or problem of the senior citizens I have mentioned and it has provided from the federal government, money to the states and the local communities that can be used at the discretion of the state to help those people who need it.

Now what reason could the other people have for backing a bill which says we insist on compulsory health insurance for senior citizens on a basis of age alone regardless of whether they are worth millions of dollars, whether they have an income, whether they are protected by their own insurance, whether they have savings.

I think we can be excused for believing that as ex-congressman Ferrand said, this was simply an excuse to bring about what they wanted all the time -- socialized medicine.

James Madison in 1788 speaking to the Virginia convention said, “Since the general civilization of mankind, I believe there are more instances of the abridgement of the freedom of the people by gradual and silent encroachments of those in power than by violent and sudden usurpations.”

They want to attach this bill to Social Security and they say here is a great insurance program; now instituted, now working.

Let’s take a look at Social Security itself. Again, very few of us disagree with the original premise that there should be some form of savings that would keep destitution from following unemployment by reason of death, disability or old age. And to this end, Social Security was adopted, but it was never intended to supplant private savings, private insurance, pension programs of unions and industries.

Now in our country under our free-enterprise system we have seen medicine reach the greatest heights that it has in any country in the world. Today, the relationship between patient and doctor in this country is something to be envied any place. The privacy, the care that is given to a person, the right to chose a doctor, the right to go from one doctor to the other.

But let’s also look from the other side. The freedom the doctor uses. A doctor would be reluctant to say this. Well, like you, I am only a patient, so I can say it in his behalf. The doctor begins to lose freedoms, it’s like telling a lie. One leads to another. First you decide the doctor can have so many patients. They are equally divided among the various doctors by the government, but then the doctors are equally divided geographically, so a doctor decides he wants to practice in one town and the government has to say to him he can’t live in that town, they already have enough doctors. You have to go some place else. And from here it is only a short step to dictating where he will go.

This is a freedom that I wonder if any of us has a right to take from any human being. I know how I’d feel if you my fellow citizens, decided that to be an actor I had to be a government employee and work in a national theater. Take it into your own occupation or that of your husband. All of us can see what happens once you establish the precedent that the government can determine a man’s working place and his working methods, determine his employment. From here it's a short step to all the rest of socialism, to determining his pay and pretty soon your son won’t decide when he’s in school where he will go or what he will do for a living. He will wait for the government to tell him where he will go to work and what he will do.

In this country of ours, took place the greatest revolution that has ever taken place in the world’s history; the only true revolution. Every other revolution simply exchanged one set of rulers for another. But here, for the first time in all the thousands of years of man’s relations to man, a little group of men, the founding fathers, for the first time, established the idea that you and I had within ourselves the God given right and ability to determine our own destiny. This freedom was built into our government with safeguards. We talk democracy today, and strangely, we let democracy begin to assume the aspect of majority rule is all that is needed. The “majority rule” is a fine aspect of democracy provided there are guarantees written in to our government concerning the rights of the individual and of the minorities.

What can we do about this? Well, you and I can do a great deal. We can write to our congressmen and to our senators. We can say right now that we want no further encroachment on these individual liberties and freedoms. And at the moment, the key issue is, we do not want socialized medicine.

In Washington today, 40 thousand letters, less than 100 per congressman are evidence of a trend in public thinking.

Representative Hallock of Indiana has said, “When the American people wants something from Congress, regardless of its political complexion, if they make their wants known, Congress does what the people want."

So write, and if this man writes back to you and tells you that he too is for free enterprise, that we have these great services and so forth, that must be performed by government, don’t let him get away with it.

Show that you have not been convinced. Write a letter right back and tell him that you believe government economy and fiscal responsibility, that you know governments don’t tax to get the money they need; governments will always find a need for the money they get and that you demand the continuation of our free enterprise system.

You and I can do this. The only way we can do it is by writing to our congressmen even we believe that he's on our side to begin with. Write to strengthen his hand. Give him the ability to stand before his colleagues in Congress and say that he has heard from my constituents and this is what they want. Write those letters now call your friends and them to write.

If you don’t, this program I promise you, will pass just as surely as the sun will come up tomorrow and behind it will come other federal programs that will invade every area of freedom as we have known it in this country until one day as Normal Thomas said we will wake to find that we have socialism, and if you don’t do this and I don’t do this, one of these days we are going to spend our sunset years telling our children and our children’s children, what it once was like in America when men were free.


26 posted on 06/28/2012 8:29:21 AM PDT by a fool in paradise (Fools.Damn fools.Welcome to the USSA. Socialism is slavery to the State and the Supreme Court did it)
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To: quesney

The Federal Government hereby Commands you to buy Broccoli every Tuesday, Gym Memberships at Gold’s Gym, Enterically Coated Baby Aspirin, wine, Fish Oil, a Chevy Volt, and Solar Panels for your roof.

All these things are good for you, as your Superiors have decided, and they get to decide how to spend every last dime you earn. The Supremes said so today.

You are now owned, lock stock and barrel, by the government.

They can direct 100% of your earnings as they see fit.

You’re a slave this morning.


27 posted on 06/28/2012 8:29:59 AM PDT by Uncle Miltie (Individual Liberty, R.I.P, 6/28/2012)
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To: quesney
Fox News now reading the tax amounts we "have to pay" in 2014 in order to pay for this monstrosity, based on individual income. A HUGE tax increase on everyone, including the middle class.

This is incredible. I will hate John Roberts forever for this.

BTW, Kennedy's ruling: He believed the entire law was unconstitutional.

I WILL NOT COMPLY WITH OBAMACARE, NOR THE TAXES TO PAY FOR IT!

28 posted on 06/28/2012 8:33:20 AM PDT by nutmeg (I'm with Sarah Palin: Anybody But Obama 2012)
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To: for-q-clinton
That won’t work...they won’t stop until EVERYONE is poor like them. That’s what makes them happy. They don’t want to work for a better life they just want everyone to be equally poor and miserable.

It's like a bucket of crabs and those in the bucket pulling back in any that try to get out.

Meanwhile the Million Dollar Marxists in Hollywood dine on caviar and cocaine.

29 posted on 06/28/2012 8:34:27 AM PDT by a fool in paradise (Fools.Damn fools.Welcome to the USSA. Socialism is slavery to the State and the Supreme Court did it)
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To: EBH

I had shutdown my business a few months after Obama took office. Handwriting was on the wall. Since then it’s been an employment revolving door.

I had just made the decision to re-open the doors a few months ago. I REALLY was expecting the individual mandate to go down in flames and that pent-up demand would have the economy roaring back.

But now...


30 posted on 06/28/2012 8:36:31 AM PDT by Tallguy (It's all 'Fun and Games' until somebody loses an eye!)
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To: quesney
The 13th Amendment ending slavery; the Obamacare ruling just re-instated it - FOR ALL LIVING AMERICANS!

I am ready to move to the third box! Because, I am not sure that the Republican party is willing to give up the power which the Roberts court just gave to Congress OVER the will of the people!
31 posted on 06/28/2012 8:39:56 AM PDT by ExTxMarine (PRAYER: It's the only HOPE for real CHANGE in America!)
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To: quesney

Oh please the market is not crashing or even headed down big. It sets at -123. or off .98%. This is just like another day on the market, up some and then down.


32 posted on 06/28/2012 8:41:22 AM PDT by engrpat (A village in Kenya is missing their idiot...lets send him back)
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To: quesney

I’m bailing out of U.S. investments and going into Emerging Markets. They’re not nuts like the U.S. and Europe.


33 posted on 06/28/2012 8:42:15 AM PDT by Uncle Miltie (Individual Liberty, R.I.P, 6/28/2012)
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To: C210N
That stock chart photoshop with zer0 saying “did I do that?” needs to be changed, with roberts saying “did I do that?”

You dream too small. It should be Roberts and Obama... with Romney waving an American flag saying "I wanna try too!"

34 posted on 06/28/2012 8:43:07 AM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: frogjerk
The Death of the Constitution should be January 22, 1973. This latest decision was only another nail in the coffin. When SCOTUS decided that it was a right to kill children, and violated the 10th amendment by prohibiting States from punishing it, our virtue as a nation was gone.

Fixed.

35 posted on 06/28/2012 8:46:13 AM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: EBH
I can’t stay in business with this ruling.

And if you do close.. please make known the number of employees you've had to lay off because of it. THAT's the part people need to hear.

36 posted on 06/28/2012 8:57:04 AM PDT by ScottinVA (Buying Drain-O requires photo I.D... yet voting doesn't???)
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To: quesney

The Constitution tanks. American tanks. Tanks for the memories!


37 posted on 06/28/2012 8:58:29 AM PDT by TigersEye (Life is about choices. Your choices. Make good ones.)
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To: quesney
OIL

STOCKS

GOLD

THE UNITED STATES OF AMERICA

38 posted on 06/28/2012 9:08:26 AM PDT by NCC-1701 (In Memphis on January 20, 2009, pump price were $1.49. We all know what happened after that.)
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To: Doctor 2Brains

The fools don’t realize we are at war. There is open insurrection by this administration and most of this government.

I glory in any obot who is destitute, loses his job or otherwise damaged. They will not be though, they are too stupid to understand anything about what is going on. Simply palms up. Give me, give me, give me.

The hunt will now be on for any means they can find to assert who is an employee. Like Limbaugh just said, the IRS is now oblabla’s army against the people.


39 posted on 06/28/2012 9:11:09 AM PDT by Sequoyah101 (You've been screwed by your government.)
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To: nutmeg

<Fox News now reading the tax amounts we “have to pay” in 2014

I had just turned on the tv when I saw that and it didn’t register yet. I’ve been looking for it again on the foxnews site and don’t see it.

Do you remember what the rates were? I’m also trying to understand what this means for my insurance relationship with my employer. Right now, as a single person, I don’t pay a premium (it had been $300, but they changed it last year). Now will I need to pay a premium?

I also read that they can mandate preventative health exams - they can make you get a colonoscopy or breast exam? WTF? Are they going to drag me off to the lab? Plus, how are the current facilities going to handle the hundreds of thousands (millions?) who will need to have exams who didn’t bother previously?

Argggh! What a mess!


40 posted on 06/28/2012 9:11:53 AM PDT by radiohead (Buy ammo, store food, pray for the Republic.)
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