When Obama Speaks, the Market Tanks

Red State ^ | 2-25-09 | Robert Bluey

[jazusamo]

Why shouldn't we ask "are you better off now then you were 35 days ago?"

Very well stated and it's something we should ask every day of his presidency, I doubt we'll ever say yes!

[smoothsailing]

retread comes to mind.

Yeh, and he's wearing out again.

[smoothsailing]

Obama Less Popular Than Bush After First Month in Office

[Just A Nobody]

Let me start with this post from 9-08....

[President] George Bush has been in office for 7 1/2 years. During the first six years, the economy was fine except for enduring the worst terrorist attack in U.S. History. The government had to step in and help the airlines and taxpayers gave millions to survivors in the twin towers.

It wasn’t until about a year ago that:
1) Consumer confidence stood at a 2 1/2 year high;
2) Regular gasoline sold for $2.19 a gallon; [iirc it was at 1.42 when the rats took control in January 2007]
3) the unemployment rate was 4.5%.
4) the DOW JONES hit a record high — 14,000 +
5) Americans were buying new cars, taking cruises, vacations overseas, and living large!...

But Americans wanted ‘CHANGE’!
So, what did they do? In 2006, they voted in a Democratic Congress & yep—we got ‘CHANGE’ all right.

PAY ATTENTION TO THIS PEOPLE! THIS IS WHAT HAS HAPPENED IN THE PAST YEAR:
1) Consumer confidence has plummeted;
2) Gasoline is now approximately $4 a gallon;
3) Unemployment is up to 5% (a 10% increase);
4) Americans have seen their home equity drop by $12 TRILLION DOLLARS & prices still dropping;
5) 1% of American homes are in foreclosure.
6) As I write this, THE DOW is probing another low (11,100); $2.5 TRILLION DOLLARS HAS EVAPORATED FROM OUR STOCKS, BONDS, & MUTUAL FUNDS INVESTMENT PORTFOLIOS!

AND IF THAT ISN’T ENOUGH...
Speaker Of The House, Nancy Pelosi, & Senate Majority leader, Harry Reed (both democrats), will not allow a vote on more oil exploration in the USA.
YEP...IN 2006, AMERICA VOTED FOR CHANGE!.....AND WE SURE GOT IT!!!...
NOW OBAMA, the DEM’S CANDIDATE FOR PRESIDENT, CLAIMS THAT HE’S GONNA REALLY GIVE US CHANGE!!....
JUST HOW MUCH MORE DEMOCRATIC ‘CHANGE’ DO YOU THINK YOU CAN STAND???...
26 posted on Wednesday, September 10, 2008 1:26:44 PM by scooby321

As you can see above, 6 months ago, or even better - two years ago, there was confidence in our government.

So, while you are correct in your statement; we can see that the root cause...an ever growing, overbearing & corrupt Government -- it does nothing to support Carpentonto's claim that the kamikaze dive the market has taken has nothing to do with who is at the helm of the ever growing, overbearing and corrupt gooberment. To claim, or even insinuate it has nothing to do with the Kenyan usurper in the WH is ludicrous and I for one will not tolerate it.

To go from a record high of 14,164.53 on 10-9-07 to 7,105.94 on 2-24-09, just 17.5 months, and not attributing it to the new “leader” is burying your head in the sand. As has been pointed out many times, every time he opens his mouth the market takes another dive. Even the former K’Toon told him to shut up!

[Just A Nobody]

Let me start with this post from 9-08....

[President] George Bush has been in office for 7 1/2 years. During the first six years, the economy was fine except for enduring the worst terrorist attack in U.S. History. The government had to step in and help the airlines and taxpayers gave millions to survivors in the twin towers.

It wasn’t until about a year ago that:
1) Consumer confidence stood at a 2 1/2 year high;
2) Regular gasoline sold for $2.19 a gallon; [iirc it was at 1.42 when the rats took control in January 2007]
3) the unemployment rate was 4.5%.
4) the DOW JONES hit a record high — 14,000 +
5) Americans were buying new cars, taking cruises, vacations overseas, and living large!...

But Americans wanted ‘CHANGE’!
So, what did they do? In 2006, they voted in a Democratic Congress & yep—we got ‘CHANGE’ all right.

PAY ATTENTION TO THIS PEOPLE! THIS IS WHAT HAS HAPPENED IN THE PAST YEAR:
1) Consumer confidence has plummeted;
2) Gasoline is now approximately $4 a gallon;
3) Unemployment is up to 5% (a 10% increase);
4) Americans have seen their home equity drop by $12 TRILLION DOLLARS & prices still dropping;
5) 1% of American homes are in foreclosure.
6) As I write this, THE DOW is probing another low (11,100); $2.5 TRILLION DOLLARS HAS EVAPORATED FROM OUR STOCKS, BONDS, & MUTUAL FUNDS INVESTMENT PORTFOLIOS!

AND IF THAT ISN’T ENOUGH...
Speaker Of The House, Nancy Pelosi, & Senate Majority leader, Harry Reed (both democrats), will not allow a vote on more oil exploration in the USA.
YEP...IN 2006, AMERICA VOTED FOR CHANGE!.....AND WE SURE GOT IT!!!...
NOW OBAMA, the DEM’S CANDIDATE FOR PRESIDENT, CLAIMS THAT HE’S GONNA REALLY GIVE US CHANGE!!....
JUST HOW MUCH MORE DEMOCRATIC ‘CHANGE’ DO YOU THINK YOU CAN STAND???...
26 posted on Wednesday, September 10, 2008 1:26:44 PM by scooby321

As you can see above, 6 months ago, or even better - two years ago, there was confidence in our government.

So, while you are correct in your statement; we can see that the root cause...an ever growing, overbearing & corrupt Government -- it does nothing to support Carpentonto's claim that the kamikaze dive the market has taken has nothing to do with who is at the helm of the ever growing, overbearing and corrupt gooberment. To claim, or even insinuate it has nothing to do with the Kenyan usurper in the WH is ludicrous and I for one will not tolerate it.

To go from a record high of 14,164.53 on 10-9-07 to 7,105.94 on 2-24-09, just 17.5 months, and not attributing it to the new “leader” is burying your head in the sand. As has been pointed out many times, every time he opens his mouth the market takes another dive. Even the former K’Toon told him to shut up!

[jazusamo]

Good for NB! The enemedia seem to have forgotten to report this. :)

[Just A Nobody]

Awww geeeezzzz, it took me from my last post to this one so I guess the ‘puter thought it was soooo good it needed to be posted twice!

[Just A Nobody]

I reject that.

DITTO!!!

[Just A Nobody]

“are you in better shape now then you were eight years ago?”

I was until 6 months ago.

"are you better off now then you were 35 days ago?"

Oh hell no!

[Just A Nobody]

OBAMA- One Big Ass Mistake, AMERICA

LOL! Excellent!
That's as good as Pres_ _ent = president without the ID.

[Just A Nobody]

I'm basically a happy, optimistic guy.

Bless your heart, smooth. I remember being that way...before I became a political news junkie. ;*(
Time to go back to my old ways, me thinks.

[Just A Nobody]

The enemedia seem to have forgotten to report this. :)

Lord...I loathe the ENEMEDIA more each day! Yeah, they forgot alright. Love the last line of the NB article:

I somehow doubt this will get a lot of attention from the teeming hordes of press members who worked so diligently to get him elected.

Thanks for the link, smooth!

[iopscusa]

I agree with you that Obama has managed to damage the economy seriously by a combination of arrogance and incompetence and I’m starting to see that he must be stopped. I was just saying that on occasion a NooBee deserves a 2nd look before attacking and that after I checked on this one, he/she do not appear to be Obot intruders and needed a bit of consideration.....just saying.

[smoothsailing]

SCOOBY DA MAN!!!!!!!!!!

[smoothsailing]

A Radical Presidency

• By DANIEL HENNINGER

When Barack Obama delivered his 44-minute acceptance speech in August among the majestic columns of Denver, it was apparent his would be an expansive presidency. Some wondered whether his solutions for a very long list of problems was too ambitious. On Tuesday, before Congress, he made clear across 52 minutes that the economic downturn would not deflect him from his Denver vision.

AP

Franklin D. Roosevelt gives his Jan. 4, 1935, State of the Union speech, seeking authority to create jobs for persons then on relief.

Instead, the economic crisis, as it did for Franklin D. Roosevelt, will serve as a stepping stone to a radical shift in the relationship between the people and their government. It will bind Americans to their government in ways not experienced since the New Deal. This tectonic shift, if successful, will be equal to the forces of public authority set in motion by Lyndon Johnson's Great Society. The Obama presidency is going to be a radical presidency.

Barack Obama is proposing that the U.S. alter the relationship between the national government and private sector that was put in place by Ronald Reagan and largely continued by the presidencies of Bill Clinton and the Bushes. Then, the private sector led the economy. Now Washington will chart its course.......

http://online.wsj.com/article/SB123561433557778201.html

[smoothsailing]

    PresBO has a horrible report card so far.--

 

OBAMA'S FIRST TWO-WEEK'S RECAP

1, The American people elect a president with a total of 42 days experience as a U S Senator from the most politically corrupt state in America whose governor is ousted from office.  The President's first official act is to close Gitmo and make sure Terrorists civil rights are not violated.

2, The U.S. Congress rushes to confirm Attorney General, Eric Holder, whose law firm we later find out represents seventeen Gitmo Terrorists.

3, The CIA Boss, Leon Penetta with absolutely no experience, has a daughter Linda we find out, that is a true radical anti-American activist who is a supporter of all the Anti-American regimes in the western hemisphere.

4. We got the most corrupt female in America as Secretary of State; bought and paid for.

5. We got a Tax Cheat for Treasury Secretary who files his own taxes.

6. A Commerce Secretary nominee who withdrew due to corruption charges.

7. A Tax cheat nominee for Chief Performance Officer who withdrew under charges.

8. A Labor Sec'y nominee who withdrew under charges of unethical conduct.

9. A Sec'y HHS nominee who withdrew under charges of cheating on his taxes.

And that's just the first two weeks . . . but who's counting.

America is being run by the modern-day Three Stooges ~ Barrack, Nancy, and Harry ~ and they are still trying to define stimulus.

Stimulus

is where the government gives a smidgen of your tax dollars back to you making you feel so good about yourself [stimulated] that you want to run out to Wal-Mart and buy a new Chinese-made HDTV and go home and watch Telemundo!

One Big  Ass Mistake, America...

[jazusamo]

Good piece by Henninger.

Not surprising that BHO is radical when he was mentored by radicals for years. I believe his support reflects the mindset of too many people feeling they’re owed something that they didn’t work for and they want it now. Thomas Sowell is on the mark as usual, my tag.

[jazusamo]

One Big Ass Mistake, America...

Both sweetiepiezer and your post are dead on the money!

[smoothsailing]

Jaz, I got to thinking about this, see if it makes sense to you.

Obama says his signature "Making Work Pay" tax cut will affect 95 percent of working families. This is the plan to order employers to reduce the amount of withholding from a employees pay. On average, an employee would see an extra 13 bucks a week in his paycheck.

But this is not a "tax cut", it's merely a reduction in withholding. The Fedreal Income tax rates remain the same. When the employee goes to file his/her Income Tax Return his tax on earnings will not change. With a lower amount of withholding accumulated the employee will be faced with a higher amount owed. Roughly the same amount as the total reduction in withholding. So where's the tax cut?

This is Obamanomics and when all the little OBamabots figure it out in April 2010, I wonder if they'll still get that tingle up their leg for The One.

[jazusamo]

I must confess I haven’t paid a bit of attention to his 13 bucks a week thing, the way you laid it out would be correct as far as I can tell.

More or less withholding will not change the overall amount of taxes due at the end of the year. In fact if you come up too much short on withholding I believe there’s a penalty. If that’s true there’s going to be a lot of 0bamabots livid.

My MIL asked me about it a couple days ago and I was going to look it up to see what the thing is all about. I thought it might be something involving the FICA taxes withheld but that was just a thought.