In his case, he's right!
1-day Dow chart (real-time updating):
http://finance.yahoo.com/echarts?s=^DJI#chart1:symbol=^dji;range=1d;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Posted on 03/03/2009 2:47:52 PM PST by patriotmediaa
WASHINGTON (AP) - President Barack Obama is comparing the stock market to the daily tracking polls used during campaigns
, saying that paying too close attention to Wall Street's "fits and starts" could lead to bad long-term policy. Obama spoke to reporters Tuesday after meeting in the Oval Office with visiting British Prime Minister Gordon Brown. Obama said he is not measuring policies against "the day-to-day gyrations of the stock market,"
(Excerpt) Read more at breitbart.com ...
0bama=Marie Antoinette
The steady steep decline since his election is not a gyration.
It is a landslide, with the resulting carnage
Of course he has to say that because the market is frikin' TANKING! If the market was soaring he'd have that in our faces 24/7! Obama is a little sissy boy.
In his case, he's right!
1-day Dow chart (real-time updating):
http://finance.yahoo.com/echarts?s=^DJI#chart1:symbol=^dji;range=1d;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
A naive, narcissistic neophyte.
THE FEDERAL GOVERNMENT CAUSED THE MORTGAGE LOAN MELTDOWN. NOW OBAMA AND CONGRESS SAY IT TAKES MORE GOVERNMENT TO FIX THE PROBLEM. THEY MUST THINK ALL VOTERS ARE STUPID .... MAYBE THEY ARE RIGHT.
Beginning in 1992 Congress pushed Fannie Mae and Freddie Mac to increase purchases of mortgages going to low to moderate income people. In 1996 HUD gave Fannie and Freddie an explicit target: 42% of their mortgage financing had to go to borrowers with incomes below the median. This target was increased to 50% in 2000 and 52% in 2005. In 1996 HUD required that 12% of all mortgages purchased by Freddie and Fannie had to be “special affordable” loans, meaning loans to borrowers with income less than 60% of their area’s median. The 12% dictum was increased to 20% in 2000 and 22% in 2005.
Congress, particularly Democrats such as Barney Frank of Massachusetts, caused the current crisis. McCain actually warned against the irresponsible trends at Fannie and Freddie. Now the Democrats (i.e., Socialist) say we need more government intervention to solve the crisis. Government is not the solution; government is the problem.
What we really need now is ELIMINATION OF THE FEDERAL INCOME TAX in all its forms, personal and business, replacing it with a straightforward national sales tax. This would save billions in compliance costs. It would be Fair, since those who earn more spend more. It would encourage savings and investment. We would not have to constantly guess what changes Congress is going to make to the tax code. The IRS would be history.
And may those who engineered – and are exacerbating -- the trashing of the economy and caused all this misery meet the same fate – and SOON!
Yesterday I sent an e-mail to Obama letting him know the falling stock market is only delaying retirement of the baby boomers (of which I am one) and therefore NOT freeing up jobs for the unemployed. Not that he read it or cared about what is REALLY going on . . . . made me feel better though.
I heard Beck say this AM to expect the market to hit between 3000 and 5000. Good grief . . . now I will not be able to retire until I am 80.
Too good not to bump.
"We've been through nearly a dozen hearings where frankly we were trying to fix something that wasn't broke. Mr. Chairman we do not have a crisis at Freddie Mac and in particular at Fannie Mae under the outstanding leadership of Mr. Frank Raines."-Rep. Maxine Waters, 2004
Since the day Obama was elected the stockmarket has steadily declined. Nofiots and starts.Just straight down drop. Usually more soon days that he annoubces he did something like the Stimulus Bill or the Budget.
Should have seen it coming.
bookmark
OK, the monkey part is just a coincidence and has nothing to do with Obama’s race, I swear ... but remember that job search firm commercial where there is a young man working at a firm and all the other employees are chimps? And he’s sitting in a conference room with the chimps celebrating with champagne, he reaches over and repositions the stock chart so the arrow properly points down (almost perfectly tracking the current DJI plummet, btw), then the chimp nearest moves the chart onto it’s side so the arrow points up and the party starts up again? Well, reshoot the commercial with midgets if you must to take away the race card but that commercial sure did come to mind when Obama passed off the market dive as just fits and starts, just daily perturbations ...
Obama is purposely trying to DESTROY our economy.
Put away your confusion and see in actions in the light of day! Now isn't that better?
-PJ
see #17 - any inspiration?
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