Skip to comments.Dow, Fearing Obama's Socialist Policies, Dives Another 445 Points
Posted on 11/20/2008 2:25:59 PM PST by Bill Dupray
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“Weve stopped blaming Clinton for Ws economic mess, and now were 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.
This point must be considered.
I’m takin’ my bat & ball & goin’ home.... HA, so there!!!
Illogical, infantile election (howobamagotelected.com),
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)
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.....
two words: track record
The whole point to Socialism is to put everyone on the same level. Unfortunately, that level is always a pretty low one.
....and what in your opinion needs to be done?
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.
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.
We broke -25% today.
They will, however, “create jobs” in bloated bureaucracies that only the loyalists will be eligible for.
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?
The Obama rally continues.
“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.
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.
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.
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.
<<<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.
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