Posted on 11/22/2008 12:58:55 PM PST by knighthawk
The worse Bush looks in 2008, the longer Obama can blame him for the problems of 2009, 2010 and 2011"
Thursday was a terrible day in the financial markets. Hit by dire unemployment numbers, equities tumbled, and investors raced for the safety of U.S. government bonds. The interest rate on short-term Treasuries has dwindled to 0.02%; the interest on low-grade corporate bonds has soared to 20%.
(Excerpt) Read more at network.nationalpost.com ...
“the DNC will be slaughtered in mid terms”
Which is exactly why the Birth Certificate issue will never be permitted to be heard. If this issue gets the light of national coverage, the Dems and the DNC will explode, and they would rather we did if they could keep what power they have.
The power hungry will do ANYTHING to maintain their control.
It is my hope that the Dem’s shortsightedness will be their undoing. Sure, they are largely responsible for this mess, and they were the ones that triggered the current meltdown, so that they could get power. However, the law of unintended consequences could hinder their plans because the dems do not understand that there is no way to afford what they want to do because the collapse they triggered is causing a snowball effect in the world economy. Furthermore, they are counting on the sheeple blindly following along as the socialist aganda is implemented. It is possible that enough people will wake up and put an end to this via the next several elections because the fear and misery does not go away like they are expecting. That is where solid conservative candidates and grass roots activism comes in.
The very ppl in leadership in the Democrat party are responsible for the meltdown.
Not buying.
It is all theirs...
Barney, Chris, Bubba”
Don’t forget Chuck me Schumer.
Good one, but maybe in 4 years we can turn that into, "No, HE Can't".
Didn’t he keep us out of the Kyoto agreement? The International court? Didn’t he defy the United Nations and go into Iraq anyway? He also reversed what Clinton did with that-what did they call it-Mexico City Agreement that Reagan put in? The one I’m talking about is the one where Planned Parenthood was trying to get funds for family planning around the world.
Ronald Reagan kept signed some agreement where Planned Parenthood wouldn’t get taxpayer money for that purpose. Clinton reversed it, then our current Pres. Bush reversed it back to the agreement R.Reagan put in. There were some international groups that he didn’t go along with! Those were a few he didn’t go along with!
I didn’t say he was all bad. I think he lost interest and focus in the last two years.
For the past year, the Dow dropped steadily, from a historic high of over 13,000 in November 2007, to a five year low of under 8200 in October 2008.
After October, the market regained a some ground. The Dow closed at 9625 on Election Day, an increase of over 17% from the market low a week before, but still down over 25% from the high a year before.
The morning after Obama was elected, the market immediately began to
plunge again, dropping steadily for the next two weeks until it
bottomed out at 7552 (an historic post-election drop of over 21%).
I don’t recall hearing a single media pundit even suggest the possibility that the market was reacting negatively to Obama’s election. This despite the fact that polls immediately before the election showed that 90% of corporate CEOs thought that the election of Obama would be bad for the economy.
Corporate CEO’s think electing Obama will be a bad thing. Immediately after Obama is elected, the market plunges. Nope, no possible cause and effect there.
Last week, the market again regained a little ground, from 7552 to 8829, an increase of almost 17% in only a week. The media was ecstatic in crediting this relatively small uptick in the market as The Obama Surge.™
According to George Stephanopoulos on Sunday:
“You got to give him credit for one thing at least: ever since the leak of Tim Geithner as Treasury Secretary at 3:00 last Friday, the Dow has gone up 17%, the S&P has gone up 19%. So at least there’s been a vote of confidence in the markets for president-elect Obama”
http://abcnews.go.com/Video/playerIndex?id=6361258
According to this morning’s USA Today:
“President-elect Barack Obama hasn’t even moved into the White House yet. But Wall Street is already showering him with praise for injecting confidence into the battered psyche of investors and working quickly to hatch a plan meant to jolt the economy out of its worst funk in decades.
A market that two weeks ago was desperate for political leadership and a clear strategy to repair the economy appears to have found it in Obama, who is fast emerging as a decisive economic commander in chief.
Stocks soared last week after Obama moved aggressively to fill the power vacuum until he’s sworn in and demonstrated his commitment to dig the USA out of its economic rut.”
http://www.usatoday.com/money/markets/2008-11-30-obama-stock-market-economy_N.ht\m
So today, the Dow plunged again, closing at 8150, a one day drop of almost 8% and a drop of over 15% since election day. The only question is how quickly will the media come up with an explanation for how Bush is responsible for screwing up The Obama Surge.™
Thank you for a great post and accurate data that I will refer to again and again when dealing with liberal idiots.
At your service
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