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Dow, Fearing Obama's Socialist Policies, Dives Another 445 Points
The Patriot Room ^ | November 20, 2008 | Bill Dupray

Posted on 11/20/2008 2:25:59 PM PST by Bill Dupray

The Dow has dropped from 9625 to 7552, a total of 22%, since Barack Obama was elected 16 days ago.

The (soon to be bankrupt) New York Times never acknowledges that Socialist policies are anti-capitalist and cause great damage to economies where they are implemented. So we will point it out just to be sure everyone is aware that Obama's election has direct and dire consequences. The Dow lost another 5% today after finishing yesterday at the lowest level since 2003.

More . . .

(Excerpt) Read more at patriotroom.com ...


TOPICS: Politics
KEYWORDS: barackobama; dowjones; economy; socialism
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1 posted on 11/20/2008 2:26:00 PM PST by Bill Dupray
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To: Bill Dupray

from ‘spreading the wealth’ to ‘destroying the wealth’ in a few short weeks. Same end game, I guess.


2 posted on 11/20/2008 2:27:18 PM PST by ilgipper
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To: Bill Dupray

Excellent — keep up the good work. Yes, the public is TERRIFIED of the Marxist policies coming out way. Nobody of any consequence, especially financial consequence, has been fooled. IMHO, that is why the market is tanking and Marxists will DO NOTHING to restore a healthy CAPITALIST system.


3 posted on 11/20/2008 2:28:58 PM PST by EagleUSA
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To: EagleUSA

Kick his ineligible butt to the curb.


4 posted on 11/20/2008 2:30:25 PM PST by thesetruths
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To: Bill Dupray

This brings up an interesting question to me..

its pretty obvious that the stock market responds SOOO MUCH to simple consumer confidence, but we also know that in a very real sense, the stock market represents real capital which companies need to continue doing business so where does the stock market’s role as an ‘idiots scale on the health of our economy’ intersect with a real meltdown

just my curiosity

in any case it speaks volumes that confidence in our economy has plummeted and yet most of these people probably still voted for Obama. His rhetoric has changed accordingly too remember how he said it might take longer than 4 years!


5 posted on 11/20/2008 2:32:02 PM PST by our_retired_explorer
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To: Bill Dupray

The market and most businesses have zero confidence and dread of Obama. I know business owners who would have toughed it out if McCain had won. They had layoff plans in case O won. The day after the election they laid people off.


6 posted on 11/20/2008 2:32:17 PM PST by Frantzie
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To: politicket

Ping. I’m still out, thank God and thank you for your insight.


7 posted on 11/20/2008 2:32:29 PM PST by 444Flyer (Purge all RINOS!!!)
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To: EagleUSA
Marxists will DO NOTHING to restore a healthy CAPITALIST system

I think this is what they have wanted all along.

8 posted on 11/20/2008 2:32:47 PM PST by SFR
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To: Bill Dupray

The Obama Rally


9 posted on 11/20/2008 2:36:26 PM PST by wastedyears (Every FReeper is on Obama's Black List. He will try to have us all "taken care of." Mark my words)
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To: 444Flyer
Ping. I’m still out, thank God and thank you for your insight.

You're very welcome. And stay out...it's going to be getting a lot worse.

Don't even think about equities right now unless the credit market truly heals - which it's not showing any signs of.

Also, for those in bonds - watch out for the coming bond market implosion.

We're also going to see dislocations in the world currency markets, and commercial real-estate will begin having the same problems that residential real-estate is experiencing.

We still have a long ways to go folks. Buckle your seatbelts.

10 posted on 11/20/2008 2:38:39 PM PST by politicket (Palin-tology: (n) - The science of kicking Barack Obambi's butt!)
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This isnt Obama’s market. He is not President.

When he takes office, if it comes back they will say it was all his doing. And the rise will be a greater percentage gain than the loss. (If that makes sense.) He is being set up to be a hero.


11 posted on 11/20/2008 2:41:57 PM PST by Vermont Lt (I am not from Vermont. I lived there for four years and that was enough.)
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To: Bill Dupray
This economic crisis has nothing to do with the Obama election. Those that say it does are just spreading political pablum that will end up hurting those that feed on it.

This economic crisis is a direct result of a very powerful financial instrument that wasn't fully regression tested - called Credit Default Swaps.

The exposure to CDS contracts has brought down the economies of the world, and we're just getting started.

U.S. Presidents - past, present, or future are powerless to stop it. It has to play itself out.

Congress is just standing in the path of a runaway train. They need to let insolvent corporations go bankrupt. They're just prolonging the financial agony for all Americans.

12 posted on 11/20/2008 2:43:36 PM PST by politicket (Palin-tology: (n) - The science of kicking Barack Obambi's butt!)
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To: Bill Dupray

Change has started sooner than we thought possible.


13 posted on 11/20/2008 2:45:54 PM PST by HereInTheHeartland (I can't wait for January 20, 2013")
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To: Bill Dupray

Let’s see. We’ve stopped blaming Clinton for W’s economic mess, and now we’re blaming Obama.


14 posted on 11/20/2008 2:46:32 PM PST by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: Vermont Lt
He is being set up to be a hero.

You're all reading this wrong.

This market is not going to be healed by Obama. We are heading into a deflationary depression.

And if governments don't stop following Keynesian economic principles then we have a good chance at seeing a hyper-inflationary period after we exit the depression many years from now.

15 posted on 11/20/2008 2:46:51 PM PST by politicket
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To: Bill Dupray

Zero could be a hero if he’d just issue a statement saying that he will not seek or endorse any tax increases and he now favors reducing the capital gains tax rate.


16 posted on 11/20/2008 2:49:16 PM PST by pgkdan ( All Catholics should know supporting Obama constitutes material cooperation with intrinsic evil.)
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To: Moonman62
Uhm, the stock market doesn't care about the past, it anticipates!
17 posted on 11/20/2008 2:50:33 PM PST by Revolting cat! (Everytime they open their mouth they shoot themselves in the foot.)
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To: thesetruths

What you said! I hope SCOTUS recognizes the cause-and-effect issue here. The phony COLB is the perfect reason to get rid of this traitor and get our economy back on track.

Just before the election, when the Dow was up-and-down, Kudlow said that if McCain won, we’d have the “biggest rally in the history of history”. Sadly, McCain didn’t win, and now we’re all suffering.


18 posted on 11/20/2008 2:51:59 PM PST by MayflowerMadam (We have elected a man ... who has never run so much as a Dairy Queen. - Dollard post)
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To: politicket

Tend to agree with you.

And the more government intervention, the longer this nightmare is going to last. IMO


19 posted on 11/20/2008 2:52:23 PM PST by vietvet67
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To: EagleUSA
Nobody of any consequence, especially financial consequence, has been fooled. IMHO, that is why the market is tanking and Marxists will DO NOTHING to restore a healthy CAPITALIST system

Would people like Warren Buffet have expected to be seeing assets evaporating?

20 posted on 11/20/2008 2:52:59 PM PST by alrea (Liberals are just socialists that spend like capitalists.)
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