Posted on 11/21/2008 8:51:31 AM PST by Jeff Head
He has stated, among other things, that he openly wants all of the following:
So OF COURSE, the free market is running away from investment during an Obama administration, dropping another 22 percent since he was elected.
They expect (and IMHO, rightfully so) for things to get worse financially in the free market instead of better as Obama builds and institutes command market principles (read as complete government control) on these United States.
He is picking people for his cabinet, and already has in place a Congress that will support and push through his agenda in both of these areas, financial markets and energy.
The only hope for blunting it or slowing it down, and that is only if the US Senators would stand up (which is a very iffy thing in and of itself) is if the GOP can maintain 40 seats in the US senate and then use that filibuster capability, abd the bully pulpit to point these things out and derail Obama's agenda.
So, yes, the market is more than nervous and is running away from investment under his administration.
As to oil...prices are down right now. And why? precicely for two reasons:
1) The demand lowered significantly during the high prices earlier this summer.
2) Because Bush and many in the current congress openly talked about offshore drilling, oil shale production, on-shore drilling, and ANWR drilling where all combined, we have mnore oil here in the US than all of the mid east combined.
Bush has put in place (and is still doing so) executive orders to make this possible (which he should have been doing for the last 6 years or more) and OPEC sees it and fears it and will continue to try (along with the demand issues) to get out in front of that and make it as financially unfeasible for us to do as possible.
They would rather get drasticallyy reduced prices from us and still make a decent profit, than to get little or nothing from us at all.
They will do this as long as they think there is a chance that the US will actually move forward with these plans...which we are doing right now.
But as soon as Obama takes office, he is talking about dismantling most, if not all of what is happening now, so there is a real danger that the prices will steadily increase once again as soon as his administration assumes control.
In the mean time, we should all take advantage of the prices of less than $2.00 a gallon we are now enjoying ($1.95 a gallon here in Idaho, as low as the $1.60 a gallon in other places) which the so-called experts, only four months ago were telling us on the MSM that we would likely not see again in our life times.
Thank the GOP for the respite, and please, please, WRITE YOUR SENATORS, all of them and let them know exactly where you stand.
We must start this fight NOW and carry it forcefully, and without let-up through for the next four years to throw off this Obamanation.
Reminds me of the old Toyota commercial:
You asked for it
You got it
OBAMA!
FYI...the impact is alreadt starting, and it will get worse. I pray we can make our friends, relatives, and neighnors aware of the reasons. If we are successful in doing so, we will start the turnaround in 2010.
I don’t have website expertise. If anyone wants to help put this together, it may be something we need - http://www.theobamaresistance.com/
I’ve sold off U.S. investments to move money to China, where capital is treated better than under Bush (Socialist) or Obama (Communist).
Soon, many of them will be saying...
I put ALL of mine in long term securities and bonds last November and have been riding out this whole thing at 4.25-4.5%.
You have to be kidding! The GOP that selected a socialist as candidate for our President and you want me to thank them? Never happen, Jeff.
Wait until he has been in office for a few months, then people will be really getting a dose of what they asked for.
The public simply believed all the rhetoric, the lies and the failure of this corrupt media.
We are now in the most dangerous times in our history. Obama’s radical “green” agenda will be his first priority as well as his obsession with pulling our troops from over seas. This will be done in order to drag those revenues into his Socialist agenda immediately.
I have sold all my high risk stocks and industrial holdings and entered the secure bond market, like many investors like me are also doing by the millions. I have already stopped the bleeding in my retirement account and have a large sum to drop on Oil when the price bottoms out. (It still has a way to go.)
I also expect heavy industry to leave this country very rapidly as soon as Obama’s “Crap And Trade” scam is forced on us immediately. If you haven’t already done so, I highly recommend you dump all US industrial holdings. This is going to get extremely ugly.
GM has already built a new plant in India and is cranking out 250,000 cars a year and expects to exceed American output by next year. Mexico is also becoming an industrial strong hold.
This is the most dangerous. He can effectively block action on building nuclear plants. He can block new drilling. He might be able to damage the coal mines, at the very least he's already hurt their ability to raise new capital.
If his plan is really to derail our self sufficiency in energy, he can do a tremendous amount of damage, just by blocking new initiatives.
FYI, but reality is going to slap 44 upside the head on his plans to bankrupt coal. The most current data I have is that coal produces about 52% of the nation's electricity.
The next two, nuclear (20-25%) and hydro (7-8%) are likely to see their percentages fall, thanks to enviros.
As far as NG is concerned, the infrastructure simply isn't there, and I don't see too many electric companies converting their plants to NG.
Based on currently available data, coal could account for upwards of 55% within the next several years.
He’s going to piss of the Unions in a manner not seen since the 30’s. Union thuggery will arise anew.
Link it to the following for a start...and feel free to use any of my pics of Obama as a centered, header for it:
Something like this:
In terms of the temporary respite in oil proces in the last 3 months...you can thank the conservative GOP congresspeople, and the President, because they have made that happen...albeit far late, and in the face of the other things they have done.
You are exactly right.
Can’t argue with a single thing you have said. I moved my account to those same investments last November.
Agreed 100%.
You are so correct. Obama has already revealed that he will welcome an increase in electric costs to the consumer. He believes that this will reduce consumption even further, as well as initiate programs to give electrical services to the “poor” for little to nothing.
I expect them to nationalize the electrical grid also, as soon as possible.
I believe Americans will wake up...much as they did with Carter...but we need to help that out and educate people so it will accellerate ASAP.
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