Posted on 03/03/2009 7:56:08 AM PST by CMoran325
"I think he overestimates his ability to take people .. and, sort of, charm them into being nice," Barney Frank, has famously said of Barack Obama. And while America's Charmer-in-Chief has worked his magic with the Women from Maine and some of the Blue Dog Democrats, not so much with the Rump Republicans in the House.
And not so much, it would appear, with the Investor Class, both here and overseas. The Dow Jones industrials fell 4 percent yesterday, dropping below 7,000. The market barometer is now down a whopping 30 percent since Election Day, including an 18 percent drop over the past three weeks. That, even as President Obama's plans to stimulate the economy, fix the banking system and bailout struggling homeowners have come into sharper focus.
One could view the slow-motion crash as a financial vote of no-confidence in the White House's ability to effectively fix America's economic mess and lead the rest of the world out of its tangle. (No confidence in the spending-heavy stimulus plan that treats 2009 as a wash. No confidence in the work-in-progress Geithner plan that seems intent on forcing banks to take losses. And certainly, one could argue, no confidence in a long-term economic plan will raise taxes by $2 trillion (including interest expenses and cap-and-trade costs) over the next decade as well as increasing government's role in healthcare and energy.) Or maybe, to be fair, investors think nobody has any answers. To Wall Street, the Long Boom looks to have morphed into the Long Bust.
But who cares about Wall Street, right? Those are the folks, Obama says, who
(Excerpt) Read more at usnews.com ...
Geithner and Bernanke speak to Congress today, that ought to be good for another 200-300 point drop
run away! run away fast!
Prediction: BO’s approval ratings by the end of 2010 will be lower than President Bush’s when he left office.
I said he was a cross between Mugabe and Chavez before the election and he is proving to be that bad.
In about a month and a half he has wreecked the economy and market. Seniors and baby boomers who voted for this Kenyan-born marxist muslims should be proud that the ****ed their retirement plans for good.
Zero has killed investing. Can’t short many stocks anymore they are mostly under $5.00.
I have just emailed both of my Republican Senators (with all proper address etc) and told them that we do not appreciate 0bama waging war on prosperity in America.
Our business, our retirement funds, the equity in our home all have been damaged by the rhetoric of “Hope and Change”.
I’m just not that into European style economic failure. Not to mention the damage to a great Nation and the future of my kids and grandkids.
This administration is un-American.
America’s Charmer-in-Chief has worked his magic the dow goes over cliff it’s all about obama’s clarity.
down low obama wants to destroy this country.
In fact, I’ll make that my tag-line for the day
That was Jimmy Carter's approach, only he used moral snobbery. Talking doesn't work with terrorists, even domestic ones intent on robbing the treasury to maintain their privileged careers in DC.
“Seniors and baby boomers who voted for this Kenyan-born marxist muslims should be proud that the ****ed their retirement plans for good.”
Karma ain’t it a bitch
Oh, why wait?
And to think, this can be accomplished without Moron.org or a cent of Soros' money!
In his speech on the housing “crisis” , a flustered Obama used one word 26 times. That word was ..... “crisis.”
We sometimes hear how “complicated” the economic situation is, well here is a little reality check .....
1. you don’t buy a house — or have a lifestyle — that you can’t afford.
2. You don’t expect that someone else is going to pay your bills.
What we have on display is the complete and total lack of experience of Barry Hussein Obama.
Without a telePrompter, Obama’s as articulate as a 2.0 BAC.
Since 4 November 2008, the stock market is down -30.01%
Prediction: BO’s approval ratings by the end of 2010 will be lower than President Bush’s when he left office
Yes and No
MSM will lie through their teeth:
1) how the public still adores Obama
2) economic problems are because of those reckless conservatives
3) Bush’s fault
However, those of us in the real world will give Obama the same 9% rating as Nancy Pelosi and her comrades in arms.
LOL! Yeah. Sadly we are getting screwed too.
People are so stupid. This guy is possibily the worst thing that ever happened to America.
Ha! Maybe we should just start calling him Hugo Mugabe.
The market has mo confidence in Obambi. The market insiders see Obambi as clueless and irresponsible and they would be rught. The American people have no confidence in the economy and even less for the idiots in Washington. Investors have no confidence in the markets either and it is going to keep plummeting!
” This guy is possibily the worst thing that ever happened to America.”
It’s only been a month 1/2 but at this rate, we should be able to definitively close the book on it by April.
DOW 4500
“This guy is possibily the worst thing that ever happened to America.”
Memo to SCOTUS: Are you listening?!?
Do something, for Pete’s sake!
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