Marxist Obama-nomics Destroy DOW

Cross Action News ^ | 2-27-09 | JB Williams

[Victory111]

14% Lost in First Month of Leftist Power

The DOW Jones average closed at $8,281.22 on January 19, 2009, the night before the Obamanation became an historic reality. A little more than a month later, the DOW continues its free-fall approaching the $7000 mark and nobody knows where the bottom is. But so far, Obama-nomics have cost Americans trillions in new debt and 14% of their savings, in just a month…

Hope for economic recovery is fast flying right out the window as Obamanation change sends investors running for cover. Left-leaning news rag Newsweek, proclaimed that We Are All Socialists Now only days after Democratic Socialists claimed unchallenged control of the federal government and started ramming Marxism down the throats of every America.

[SonOfDarkSkies]

I repeat, they don’t care if the Market tanks. That makes all those rich Americans POOR like the rest of them. So, they don’t give a damn if it crashes.

The word is getting out that Obama's stock market is destroying teachers', workers', government employees's pension funds to the tune of billions of dollars lost so far.

If Obama thinks that only the rich are affected, he will soon find out.

Here's an example of what's happening in PA...

Pennsylvania's two major public-sector pension plans on Tuesday gave state lawmakers the bracing news that together their investments lost more than $28 billion in value last year.

Source

[Excellence]

Interesting that even when the market upticks a little (1 year view), the volume isn’t that great, but when the market tanks, the volume is much higher.

[Chewbacca]

It is my hope that JP Morgan and Goldman Sachs banks both end up capoot soon so that it ends the manipulation they have been doing to the silver and gold markets by naked shorting the mining shares and selling COMEX derivatives with no physical metal to back them.

[icwhatudo]

My mistake. 5,500+ if you go by early January 2007 when sworn in.

[Centurion2000]

No worries .... I think a lot of people need to understand both sets of numbers to illustrate the magnitutde of the monumental idiocy of the screw ups that have been elected in the last two years.