Posted on 02/23/2009 12:17:36 PM PST by quesney
Dow
7,177.78
-187.89
-2.55%
Nasdaq
1,399.99
-41.24
-2.86%
S&P 500
749.23
-20.82
-2.70%
(Excerpt) Read more at finance.yahoo.com ...
somebody needs to make a chart when Pelosi and Reid came to power.....congress makes the budget....
Next stop, basement. Not much support until 5,000.
Wrong! Bush was a RINO & spent way too much. However, things started falling apart in 2006 with Pelosi and Reid.
The markets started falling falling apart in May 2008 when Hillary had the nomination stolen from her. The markets have ZERO confidence in Obama.
This is all Pelosi, Reid and Obama.
Obamanomics =fail.
FOLKS START PREPARING FOR 2010.
JOIN YOUR GOP CLUB locally!
Teabags hanging on the car mirror?
Well they can try. But Obama’s not up for election until ‘12. So voters will take it out on his party that “cheerleaded” this mess. That is if Republicans make use of the opportunity and not assume they are due election just because Democrat’s are horrible.
Massive Global warming taxes/regulations proposed; Check
Tax increase (Especially on those who are in the bottom bracket, for those guys a 50% tax increase, at least the super rich only have around a 30% increase or so); Check
And that is just a partial list that the market hates. Gee, a lot can be done to cause even more harm in a month, especially with a sizable Congress on your guy's side, you fricking idiot.
While Zero and the Dems will try to blame this on Bush as much as they can, I beleive now it will have a very short self life.
Look at their rhetoric. They are fully exposing their anti-business and anti-freedom beliefs. This cannot be ignored. Their actions and words are directly influncing the markets.
This will have a very short honeymoon. Hussien will be in big trouble by summer.
You think that we need to give socialism more time to work before we criticize Obama's failure?
When 0bummer Speaks, Markets Listen! (And crash.....)
It’s been a whole month since he was sworn in, and the nation still has not recovered from the 2007-2008 Recession !!
Whatever are we to do ???
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Buy guns, ammo and non perishable foods and hang on for the ride. Oh and btw, DUmmie, wrong forum.
I try not to be hypocritical in my attacks, because the Dims and liberals are so good at it. I am simply stating that it's a logical fallacy that our economy can turn around on a dime.
That being said, everything Obama is doing is probably making things worse, because he's destroying all hope in the markets. My point is he's doing this all on purpose to destroy and weaken us. We can criticize that all day long.
I just don't want to say silly things like "this is Obama's economy now." We were claiming Bill Clinton's economy was a direct result of Reagan's supply side economics finally working. If it took years and years for Reagan's policies to come to fruition, we're only seeing the beginnings of what Obama's policies will do. In other words, just wait---it will get worse.
And the problem with that is that conservatives keep getting the country back after some spend-happy liberal has destroyed the economy. (This time, Bush was a spend-happy conservative, so Obama's getting it--touche GWB.) But, usually the Dims have benefitted from conservative fiscal policies and Republicans get blamed when the crap hits the fan four to eight years later on their watch.
I hope we are lucky and the economy tanks so fast and hard that it can't be blamed on anyone but Obama.
Can’t these AP writers read a stock chart??
The markets have plunged to 2003 levels (DOW, NAZ, etc.)
Why do they have to over-dramaticize it by saying “1997 levels” when the last time the markets traded this low was, in fact, in 2002/3. Morons!
It’s all a part of the conspiracy to make things seem so bleak so Obama can call this a crisis.
Let’s see: When there is infrastructure done in YOUR state it “was long overdue”; but, if it’s done someone else’s state, “it’s pork !”
I gather you believe the events of 2001-2008 had no effect on the market. (That wasn’t what I saw - and I watch Fox News a lot.)
People in “the Market” had been ripping off investors,and pretending bad mortgages (encouraged by both parties) had intrinsic value-——(because they had been “bundled” - which is about like saying dog turds have value once they have been wrapped in something.)
If saying this makes one of us a “fricking idiot” ,then so be it.
I understand what you are saying. I agree, you can’t blame Obama individually for the economic problems present on January 20. That doesn’t mean you can say “wait and see if his policies work”, which is what I took your comments to imply. We have long experience with socialism. You could maybe say “give it time” in 1917, but by 1935, it was clear that socialism was a failure and just a form of dictatorship. Policies that lead to socialism, such as unrestrained government spending and government expansion of its involvement in business activities, are always wrong, and should never be given time, because time just increases the number of lives destroyed.
he’s doing it on purpose
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Of course he is and he’s not even being subtle about it. So we have to assume that the MSM also want Communism and are aware that our country, peaceful on our soil for 200 years, will probably erupt into a 2nd revolution or civil war all because of some skinny, floppy eared, half black, community organizing thug form Chicago. Who would have thought the voters of our Republic would cause it’s destruction?
Wrong! Bush was a RINO & spent way too much. However, things started falling apart in 2006 with Pelosi and Reid.
The markets started falling falling apart in May 2008 when Hillary had the nomination stolen from her. The markets have ZERO confidence in Obama.
This is all Pelosi, Reid and Obama.
__________________
BINGO!
FOLKS START PREPARING FOR 2010
____________
Do you really believe this or are you trying to convince yourself? Do you see what has been done in ONE month? ONE MONTH??????????????????????????? Have you read the so called Stimulus bill? All of it?
So in your opinion, the market freefall since the election of Obama in November of 2008 is a sign of Obama’s success?
Check out this post where he admits it....
http://www.freerepublic.com/focus/news/2191302/posts?page=112#112
Gotta self-admitted retread here....
IBTZ!
Ping to post 79
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