OBAMA, THE STOCK MARKET, AND ENERGY

JEFFHEAD.COM ^ | 21 Nov 2008 | Jeff Head

[Jeff Head]

BARACK HUSSEIN OBAMA is an avowed socialist, openly talking about applying marxist dogma and principle to our free market.

He has stated, among other things, that he openly wants all of the following:

1. Redistribution of Wealth (in his 2001 NPR interview)
2. That he wants to bankrupt the traditional coal industry (in the closing days of the campaign).
3. That he wants off shore drilling and ANWR drilling curtailed (before and during the campaign).
4. That the rest of th world will not put up with Americans driving SUVs, keeping their houses warm, or enjoying their life styles (during the campaign).
5. That huge bailouts should go tot he very institutions that have caused the financial crisis under democratic party initiatives (during the campaign...and before when he himself was involved in creating, supporting, and pushing forward those very initiatives).
6. That any talk against his socialistic plans is "greed" and that free market principles that invoke such "greed" should be ended (during the campign and throughout his career as a politician and activist).

Now, despite the complicit and abetting MSM trying to convince everyone to the contrary, or trying to ignore the facts, most savy people in the market recognize Obama's attack on the free market, his plans to derail self sufficiency in energy in the near future, and HIS OWN COMPLICITY IN THE FINANCIAL CRISIS.

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.

Many more sticker designs here.

[wita]

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%.

Well ain’t that a fine how do you do! Where the hell was the ping on that one? Just Kidding.

My previous investments I have left alone, spelled at risk, but for the last ten or twelve years, I have put my yearly IRA investment into CD’s which are doing around four percent if you can get it.

Oh PS, previous investments doing quite well, if you consider the 33% loss, doing quite well. Thirty three percent works out to over 100,000 dollars and on a previous thread I postulated that I was almost to the point of taking a trip to DC to have a personal revenge ceremony where I extracted that amount from the hides of Chris and Barney.

[Jeff Head]

You are very welcome my FRiend...and thanks for the mega-ping!

[Jeff Head]

As always, you are very welcome AG!

[Jeff Head]

The Obamanation is building a 4th Clarton administration, Barack William Hussein Jimmy Clarton Obama.

And there will be hell for all of us to pay, just as we have been paying ever since for Careter and Clinton. They leave tentacles that are deeply embedded and take years to remove.

We need about 12-16 years stright of good, conservative leadership that will not back down and will not give in and will move all-American, traditionalconservative principle forward to eradicate the infection.

[Jeff Head]

At the time...most folks were making money hand over fist. It was simply a gut feel fro me and some friends who knew (except for one older, ready-to-retire co-worker) thought I was crazy.

That co-worker had had his in thiose type of investments his entire career. I had always had 50% of mine there anyway and to that date had been averageing 10-12% with the other half. Now it is all earning the same...but at least it is not losing.

I do not have a whole lot...but as a result, I have been able to keep what I have and will be very slow and careful about risking any of it unless there is a clear turnaround that looks sustainable.

Sadly, the dems and Obama are talking about trying taking all of our 401Ks and putting them into the Social Security fund and give us all 3%. Not just what companies have invested...all of it, every bit of the money you or I have invested. I will pull ALL of mine out of my plan, take whatever penalty and put it all into personal long term bonds, securities and CDs before I will ever take part in such a plan...and I do not believe I am alone.

[wita]

and I do not believe I am alone

You are not! I would be interested in what your older co-worker thinks now, and how big a hit he has taken. My luxury if you can call it that, is being retired from the USAF, old enough to draw Social Security, and still working. My investment income is not a necessity, yet.

[bray]

Prices started down thanks to President Bush but are crashing thanks to the worldwide economic Obama Meltdown. Supply stayed the same and demand crashed.

Pray for W, Gov Palin and Our Troops

[bmwcyle]

ping

[Jeff Head]

He is still in the G Fund, as am I. Been earning 4.25 to 4.5 through all of this.

He will keep his there until he retires next year...though if they try to pull his out for this 401K plan the dems have he will do something different but is hoping he can get out in front of any of that.

[Jeff Head]

Amen...we pray for them each day, and will also pray for Obama when he gets in. I do not wish ill on my country just because of a person’s political stance...but will oppose un-American and anti-American efforts and initiatives of the same to the hilt.

[Syncro]

Pretty pop up invasive, can you fix that?

[patriciaruth]

Are your long term securities and bonds insured by FDICA?

I hope you aren’t buying up California’s debt bonds.

[M Kehoe]

Bttt.

5.56mm

[dixiechick2000]

"We need about 12-16 years stright of good, conservative leadership that will not back down and will not give in and will move all-American, traditionalconservative principle forward to eradicate the infection."

From your keyboard, to God's eyes!

I would give anything to not deal with those coming into office in January.
I truly dread the next 4 - 8 years.
Talk about an "Obamanation"!

[Jeff Head]

We need to turn the "Obamanation", as quiclikly as possible, into: