Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

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

click here to read article

Navigation: use the links below to view more comments.
first previous 1-2021-4041-52 next last
To: Moonman62

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

Heh. They are trying to hang on to a semblance of a hope the Republican Party is “conservative” with finances, rather than accept we just had six years of a plutocratic blowout.

The market went down today because of the failure of the Auto bailout, and the emotional reactions of day traders.

Plus Bush is showing no outward resemblance of confidence, or a firm hand.

Either way, no party is talking about what really needs to be done.

21 posted on 11/20/2008 2:53:36 PM PST by Shermy ("And so, of course, we've got a deficit, but I know we can grow out of the deficit" Bush II -2004)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Moonman62
We’ve stopped blaming Clinton for W’s economic mess, and now we’re blaming Obama.

This point must be considered.

22 posted on 11/20/2008 2:53:49 PM PST by alrea (Liberals are just socialists that spend like capitalists.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Bill Dupray; All

I’m takin’ my bat & ball & goin’ home.... HA, so there!!!

Illogical, infantile election (,

logical response, “a total of 22%, since Barack Obama was elected 16 days ago.”

Smells like a down-low tax revolt will soon be underway.

Starve the Beast n DC. (worst analogy implied)

It is OUR $$$, not Barney Slurpee Frank’s, no matter his lispy caterwaulin’.

Spread the word, not your wealth.

So much for the slobama honeymoon.

Doll&Jindal12 (or Huck)


23 posted on 11/20/2008 2:53:57 PM PST by ebiskit (South Park Republican ( I see Red People ))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Frantzie
My best friend's sister is the victim of an Obama layoff. From a week or so ago:

I just talked to my best friend (for over 25 years) and he told me his sister was laid off on Thursday (after the election). Everyone at her company was called into a large meeting and they were all told they were out of a job as of that minute. About 50-60 people. Pack your desks and leave. Boom. The company was being shut down that day.

Why, you ask?


The company is in the nuclear power industry. They have a very specialized product and a very specialized industry that supports it. Basically, the bosses decided that with Obama, there are not going to be any more nuclear plants built any time soon and it was cheaper to liquidate the business now than to slog it out for four or eight years hoping that maybe someday there would be more nuclear plants built. My friend told me they are quite profitable right now, they just quite simply can see the writing on the wall with Obama.

Just one more “anecdote” of the new Obama age.....

24 posted on 11/20/2008 2:55:02 PM PST by SW6906 (6 things you can't have too much of: sex, money, firewood, horsepower, guns and ammunition.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: vietvet67

two words: track record

25 posted on 11/20/2008 2:55:12 PM PST by thesetruths
[ Post Reply | Private Reply | To 19 | View Replies]

To: our_retired_explorer
the stock market represents real capital which companies need to continue doing business

Once the stock was originally sold the companies received their funds --After that it is just people trading pieces of paper and Gambling they know more than the other players just like at the track
26 posted on 11/20/2008 3:00:14 PM PST by uncbob
[ Post Reply | Private Reply | To 5 | View Replies]

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

The whole point to Socialism is to put everyone on the same level. Unfortunately, that level is always a pretty low one.

27 posted on 11/20/2008 3:00:50 PM PST by Cementjungle
[ Post Reply | Private Reply | To 2 | View Replies]

To: Shermy
Either way, no party is talking about what really needs to be done

....and what in your opinion needs to be done?

28 posted on 11/20/2008 3:00:55 PM PST by RVN Airplane Driver ("To be born into freedom is an accident; to die in freedom is an obligation..)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Vermont Lt

I think you’re wrong. The people with some modicum of control over their stock marketish assets are voting with their feet. This isn’t a symptom of manipulation of liberal forces. It is a symptom of a deserted market (by the common Obama-peril sage - the ones with brains) but by those who remain still trying to make a buck. Actions by these people are magnified because of the lack of trading by the others who deserted.

29 posted on 11/20/2008 3:06:26 PM PST by Gaffer
[ Post Reply | Private Reply | To 11 | View Replies]

To: alrea

Would people like Warren Buffet have expected to be seeing assets evaporating?
I don’t think any real American did, until we figured out what and who Obama was, and what his ideology is. That was WAY before the campaign started. It was very clear.

I still believe the socialists planned the final stages of the Fannie Mae/Freddie Mac collapse. Just too much of a coincidence it happens just before the election, and of course, crisis and disaster are what the socialists have always used to set up their regimes — like FDR did. Crisis was the friend of he and his socialism. Just too much similarity. And now Obama is hiding...saying nothing, doing nothing...not even trying to calm the fears of America — because that does not fit the plan...HIS CHANGE.

30 posted on 11/20/2008 3:08:28 PM PST by EagleUSA
[ Post Reply | Private Reply | To 20 | View Replies]

To: Bill Dupray
I am still doing the daily tracking. Here is the summary since Øbam's victory announcement (11/05/2008): Down -1,952.56 (-25.85%) as of 11/20/2008.

We broke -25% today.

31 posted on 11/20/2008 3:11:22 PM PST by 5thGenTexan
[ Post Reply | Private Reply | To 1 | View Replies]


They will, however, “create jobs” in bloated bureaucracies that only the loyalists will be eligible for.

32 posted on 11/20/2008 3:15:31 PM PST by informavoracious (It's after midnight, I'm FReepwalking...)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Vermont Lt
This isnt Obama’s market. He is not President.

The President has nothing to do with the market. The prospect of the newly elected President with all the trash he was spouting has. Socialism is the destruction of capitalism. Our financial system was built on capitalism not the Obama share the wealth without earning it is pure socialism and will destroy America. See the difference?

33 posted on 11/20/2008 3:24:32 PM PST by Logical me (Oh, well!!!)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Bill Dupray

The Obama rally continues.

34 posted on 11/20/2008 3:24:36 PM PST by Busywhiskers ("Shave off the whiskers of unnecessary thought." Occams Razor)
[ Post Reply | Private Reply | To 1 | View Replies]

To: EagleUSA

“I still believe the socialists planned the final stages of the Fannie Mae/Freddie Mac collapse.”

Bingo! We have a winner. And that followed the oil crisis runup to $147 per barrel. Think that might have had some outside influence as well? I do.

We are witnessing the single biggest crime in American history. The only thing standing in the way from it happening, is SCOTUS. If they do not rule against B. Hussein Obama, this thing is going to get really, really bad.

As of today, I am 100% out of the market and now in cash. I’m taking a large chunk of that cash and buying a small farm out in the country. I already have my guns and ammo.

And I’m not a radical, just a normal, white-collar type of guy.

35 posted on 11/20/2008 3:27:35 PM PST by Free America52
[ Post Reply | Private Reply | To 30 | View Replies]

To: Bill Dupray
The Obama Market continues ...

36 posted on 11/20/2008 3:34:00 PM PST by Be Free (Liberalism is a disease.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RVN Airplane Driver

First, liberals love turmoil, and crisis, and a bad economy. It got them elected. However, if it keeps on going throughout Obama’s regime, the people will turn on him, because of all his ridiculous promises of change and how he will fix the world, after all, he is the Messiah. So, eventually, the people aren’t going to like him anymore, except for all the Blacks and the MSM. He will start to sink in the polls, that’s if the MSM ever puts a presidential popularity poll on TV for us to see when Obama starts to tank.

Second, if I were Bush, I’d stay out of the spotlight now until Obama takes office, and then let whatever happens to the economy be Obama’s burden to bear. Anything Bush would try to do or say now would have no effect anyway. The die is cast, the economy is tanking, and the market has to work through it, unless Obama screws it up more, which is likely.

Third, Obama likes the idea of the rich growing poor, and the great levelling of society, as that is the aim of the Socialists. However, they will also be killing the goose that laid the golden egg. OPEC made the same mistake in letting gas prices rise so high that it ate up all the discretionary income of most countries populace and thus was a major contributor in their economies tanking (along w/the housing mortgage crisis here and abroad). Thus, less gas usage and now OPEC is crying poor as gas prices drop precipitously. What the heck did they expect when they jacked the prices up so high, the greedy pigs. Obama will make the same mistake by killing our economy in his attempt to level it, thus he will not have any money coming in to fund his social programs with. He too will kill the goose that lays the golden egg.

Fourth, the marketplace has a way of getting back. If Obama trys to raise taxes, especially capital gains taxes, the stock market will tank each and every time he tries to do so. This is the stock market’s ultimate revenge, to deprive Obama the means of financing any of his programs because the economy will be so rotten. And this is something Obama can do nothing about. So go ahead Obama, try to raise taxes, try to raise capital gains, try to nationalize the economy, and then your money source, the businesses you seek to screw over, will respond by dropping the stock market down to nothing. And the people will begin to hate you when lost jobs, lost retirement money, lost 401k’s, lost purchasing power, filter down through the middle class you lied to about giving them a tax break, that their taxes would be lowered.

The only problem is that we will all suffer because of the above. But there will be some sweet satisfaction in watching the Messiah get his, and believe me, after 4 years of this, I believe there are still enough rational people left in this country that he will be voted out of office with great rapidity. Unless, of course, he stacks the deck against the people by legalizing illegal aliens so they will vote Dem, allowing more immigration from third world countries and speed up citizenship so they can all vote Dem, introduce the fairness doctrine to shut up conservative talk radio so the opposition will have no voice, get rid of the electoral college, and make sure Acorn is well funded to organize and further voter fraud. In other words, we would then be screwed.

37 posted on 11/20/2008 3:40:56 PM PST by flaglady47 (Four years of captivity, no relief in sight)
[ Post Reply | Private Reply | To 28 | View Replies]

To: politicket
Yes, the credit default swaps has magnified the fannie/freddie debacle a hundred fold.

I'm hoping that most freepers just want to hate Obama, and that they're not really stupid enough to believe the election is what caused this. If that's the case, freepers are way more ignorant that I would like to think.

38 posted on 11/20/2008 3:44:13 PM PST by Texas_shutterbug
[ Post Reply | Private Reply | To 12 | View Replies]

To: Bill Dupray

We need to fight this socialist trend at every level. Teach your children to be independent folks and not rely on the unreliable thing we call government.


39 posted on 11/20/2008 3:55:28 PM PST by joma89
[ Post Reply | Private Reply | To 1 | View Replies]


<<<Marxists will DO NOTHING to restore a healthy CAPITALIST system<<<

***I think this is what they have wanted all along. ***

That’s exactly what Rush said. He said that they want capitalism to go down real bad so that they’ll have an excuse to “save” us.

40 posted on 11/20/2008 3:57:11 PM PST by kitkat (THE DAY WE LOSE OUR WILL TO FIGHT IS THE DAY WE LOSE OUR FREEDOM.)
[ Post Reply | Private Reply | To 8 | View Replies]

Navigation: use the links below to view more comments.
first previous 1-2021-4041-52 next last

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.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794 is powered by software copyright 2000-2008 John Robinson