Posted on 03/05/2009 7:20:14 PM PST by MindBender26
I would ask my fellow FReepers' indulgence with this naked vanity post.
It's time we all realized something. Wall Street's plunge is not about GM, Chrysler, Citadel or any other individual company.
It is not about any group of companies or any sector of the market.
This is about Obama. It is the investor's realization that Obama does not have even most elemental set of skills to manage the economy. None of those around him have the skills, experience or wisdom either.
Stop and think; if his advisors couldn't get their own taxes right.... or weren't smart enough to hide their own tax cheating, how could they ever begin to manage a national economic system?
Worst of all, behind closed doors, are investors beginning to ask, what if Obama wants to destroy America? What if Obama and those who have supported him for 30 years intend to destroy America?
In 45 days Obama has wreaked more havoc on America than a dozen 9/11s. To kill this country, they don't need Al Quida, the Taliban, one bomb or even one AK-47. All they need is one man.
Remember the movie "Rollover?"
What if this all isn't a natural economic function...
What if it is all on purpose?
The stock market thrives on hope, real hope, and crashes on the lack of it. This began last fall when leading investors realized Obama might actually become President.
How much hope can there be when the one at the top is praying... or preying... that we lose.
Of course, there is no chance that this could be Obama's plan.... is there?
Is there?
The question is, do we let him and the people he represents carry out that destruction without so much as a whimper?
I think we’re all thinking that. :)
I take comfort in God’s sovereignty. Of course I have a couple of weapons, an education, and am willing to do what I have to do to survive...even if that means leaving America.
I am not going to be someone’s slave. But I also am comforted in knowing the saints of the past faced much worse than I have...and no matter what happens Hussein is not in control.
“they can kill your body but not your soul...”
I think it is his plan.
Your posts are not unlike the old E.F. Hutton commercials IMO....you post I listen !
We have same opinion as to reason market is falling. I refuse to invest a dime with a socialist democrat administration and congress conducting seditious acts every minute of the day.
Thanks MB26 !
Us: We as a people have been, by and large, seduced by cheap imports, early/generous retirements, high living with high leverage on our homes, our cars and our Credit Cards. And why not - We are every minute of every day told this is ‘Normal’. Lifestyles of the Rich and famous, Glorification of ridiculous levels of consumption, and on and on. This has gotten to the point that the ‘Takers’ of Society, the ‘Entitled’ outnumber the ‘Producers’ and ‘Savers’ and they have put their man in power under the false assumption that he and his cohorts will extend the entitlement on forever. Of course, they are wrong and they are about to be taught a very tough lesson, IMO.
US: In many ways the conduct of our Monetary and Fiscal Policies mirrors the encroaching Morays of Society at large and our Leaders have adopted the Borrow Now/Consume Now - Pay Later mentality. They have also done their best to destroy personal initiative and have used the Tax Code very skillfully as a tool of Social Engineering, rewarding certain desired activities, punishing others and bestowing irrational benefits on those well-connected enough to employ Lobbyists or make contributions/finance vacations, etc.
Well, as they say, the Party is over and the Bill is coming due. Many will find that an Economic Contraction can proceed much faster than a Deficit Fueled/Debt supported expansion and that is where I think we are at the moment.
Could write volumes about this. In fact, I've been saying this would happen for several years now and thought I must be crazy or the rest of the World was because it kept going far longer than I could have imagined.
So, for now, the Party is over and millions of Americans are going to join the ranks of the responsible. They will have no other choice - That is unless Obama buys a little more Party Time by sucking the productive to keep the Music going - But that will only delay the reckoning and make it all that much worse.
Sorry for the length and rant.
Dan "the Man" Rather's best ever quote.
The Shack?
I’m not a big fan of vanities. This one I like
Obama NEEDS the economy to be in the tank in order get his socialist agenda passed. The LAST thing he can afford is for the economy to start any sort of rebound before Congress can do its thing.
Notice how some stories have been totally spiked: retail sales were actually UP in January.
I’ve seen some stories that are now trying to say that this “recession” began in December of 2007. Nonsense. A “recession” is actually defined as two successive quarters of real GDP retraction. As of the 4th quarter of 2008 this hasn’t happened even yet.
It may be happening now. But that’s for another discussion.
There have been many here, including me saying if he won the election the markets would behave the way they are now.
But I hate to be right in this case.
It doesn’t matter who is in the WH, we are headed into a world wide depression that no one can stop and it has nothing to do with the market except that it has to go down to levels where there is equity.
I would suggest that that will be somewhere below 3,000 for the DOW.
It won’t come to an end until the people living on credit and those that gave them credit are wiped out.
would an enemy of America do anything differently than Obama has?
Yes, Our Nero fiddles and burns.
We’re getting Obama’d.
And the market reflects investors best predictions about the future. The market has plunged almost 3,000 points since Obama’s election. There is a lot of uncertainty and doubt among CAPITALIST investors, who are watching a socialist leaning president do things that aren’t helping the economy or the business climate.
You're right. But market choices are reflecting a vote...
If you think this is only about Obama, then you need to see this, if you have dsl or broadband. That goes for everyone here who thinks the current financial collapse is just about Obama.
http://www.ritholtz.com/blog/2009/02/the-short-and-simple-story-of-the-credit-crisis/
This began last fall when leading investors realized Obama might actually become President.
How much hope can there be when the one at the top is praying... or preying... that we lose.
Of course, there is no chance that this could be Obama's plan.... is there?
No, there is no chance that this is Zero's plan.....he is just the front man, the puppet. There are big guns behind him who have the power and money to create this destruction and have been working toward this for years. Zero told us in now uncertain terms that the plan was to tear down everything about America and remake it.
The foreign money behind 0bama want to see the U.S. destroyed. It is just a matter of time before they take out Citi and BoA for good...one coordinated round of naked short selling and those banks go under. Our economy is about to be crushed... Just wait until gas is back at $4 a gallon and the health care industry (one of of these decent parts of the economy) is effectively nationalized. The Chinese are on a global buying spree of hard assets...what do they know that we don’t?
Check it out - if you are a Believer, you won’t want to put this book down until it’s done:
http://www.amazon.com/Shack-William-P-Young/dp/0964729237
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