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Global markets dive as Obama rejects carmakers' plea
The Times(UK) ^ | 03/30/09 | Christine Seib

Posted on 03/30/2009 8:57:02 AM PDT by TigerLikesRooster

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To: TigerLikesRooster

The Miracle Man!

An Israeli doctor said to a medical conference, “Medicine in my country is so advanced, we can take a kidney out of one person, put it into another and have him looking for work in six weeks!”

The German doctor stood up and said, “well, medicine in my county is so advanced, we can take a lung out of one person and put it into another and have him looking for work on 4 weeks.”

The Russian doctor got up and said “My country is even more advanced, we can remove half a heart from one person, put it into another and have them both looking for work in just 2 weeks!”

Not to be outdone, the American doctor stood up and addressed the conference, “Well” he said “My country is so far advanced in medicine, we can take an A**hole out of Chicago, put him in the White House, and have half the country looking for work in 24 hours.


21 posted on 03/30/2009 9:16:22 AM PDT by FormerACLUmember (Chains you can believe in)
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To: FormerACLUmember

SS would be agonizing over whether your remarks merit their unannounced visit.:-)


22 posted on 03/30/2009 9:18:21 AM PDT by TigerLikesRooster (from "Irrational Exuberance" to "Mark to Zero": from '96 to '09)
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To: dr huer

Replacing the UAW is long overdue.


23 posted on 03/30/2009 9:18:24 AM PDT by Big Horn (Rebuild the GOP to a conservative party)
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To: TigerLikesRooster

The dive might be influenced by the GM/Chrysler but this trend was predicted and on Thursday the indicators were that we reached our peak the in “fake” rally and now things would start to go back to where they are going - DOWN.

We are years away from this being settled and our markets returning to something that would be considered - of course this will only happen if Obama fails and he is voted out of office.

I think if the downward hit is an indication of something it would be that the Government is replacing an elected by shareholders board’s power. This is a direct assault on capitalism and the market seldom likes that.


24 posted on 03/30/2009 9:18:49 AM PDT by surfer
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To: surfer
Market(bear bounce) was looking for an excuse to pop the bear rally and resume long march downward. Auto bailout failure is as good an excuse as the market can get.

We have even better reason to head south in coming months.

There will be another fake rally if Mark-to-market would be repealed. However, rolling downhill would be the general trend.

25 posted on 03/30/2009 9:23:50 AM PDT by TigerLikesRooster (from "Irrational Exuberance" to "Mark to Zero": from '96 to '09)
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To: Zeddicus

Every communist takeover, starting with Russia in 1917, involved destruction of the existing social and economic order. This is all about centralization of perpetual political power in a ruling class, which involves as a matter of course the destruction of political power of any other class in society. Particularly an independent middle class, whether they be small agrarian freeholders, tradesmen living in towns, or suburbanites.

The twin corollaries are: 1. In order to have political power, a group must also have economic wealth (which Marx called “the means of production”), and 2. A class deprived of economic wealth has also been deprived of political power.

The list of “victims” of communist takeovers is a long one, starting with Russia’s kulaks. Every place communism takes hold, the independent middle class is exterminated through impoverishment.

The destruction of wealth in America is concentrated on the productive middle class; it’s wealth is being destroyed or transferred to the dependent class, or to the wealthy elite (both ends of the spectrum getting the bailouts).

We are being exterminated by design, not by accident. It was fun while it lasted.


26 posted on 03/30/2009 9:29:26 AM PDT by henkster (0bamanomics: "I'll loan you all the money you need to get out of debt.")
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To: TigerLikesRooster

Down 256 and sinking...


27 posted on 03/30/2009 9:30:44 AM PDT by GOPJ (Global Warming Hoax - Sucker Science In Action)
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To: TigerLikesRooster

“The Obama Administration effectively seized control of the companies”

Regardless of how you feel about bailout cash and how its used, the words above should scaare the hell out of you.


28 posted on 03/30/2009 9:45:30 AM PDT by NavyCanDo (Party Like Its 1773)
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To: henkster
We are being exterminated by design, not by accident.

Quote of the day! 100% on the mark.

We are all Neo-kulaks!

29 posted on 03/30/2009 9:47:04 AM PDT by FormerACLUmember (Chains you can believe in)
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To: dr huer
Replacing GM management has been long overdue. Look at the decay of GM stock market price over the past 5 years, and their telling Las Vegas billionaires “Go Away!”. The message is that the Obama piggy bank is not infinite. Obama may not be a total disaster.

1) GM's problem isn't the management of today, it was the past mis-management regarding negotiations and lack of concessions from the unions.

Obama not a total disaster? Be real, he's just angling to get GM to roll over and let the unions/workers own/run the place.

30 posted on 03/30/2009 9:49:34 AM PDT by Go Gordon
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To: TigerLikesRooster

Last Thursday the peak for the S&P was hit and that was definitely the end of the “fake” rally.

I agree we are now in a long-term downward trend that will probably hit 5700 or lower. How soon?...who knows.

But we are years away from this settling out and the unemployment numbers haven’t really started to hit yet...job loss is about to skyrocket.

When inflation rears its head it will only compound the problem and with the added burden of all the next taxes and environmental scams it will destroy our economy as we know it.

But that is exactly what Obama wants to do...he wants to destroy our economy because of environmental activism and he thinks he can just replace it with a green economy and all the while if we need to be socialists to get it done they are more than happy to oblige.

Even if we were successful in changing to a green economy we will never be able to shed the socialism.


31 posted on 03/30/2009 9:51:52 AM PDT by surfer
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To: RushingWater

Very scary indeed. The socialists want the 0.01% population to be the Super Rich i.e. them, the ruling class elite, and then 99.99% of the people will be living all equally poor. They want all of us to live on the government expense will very low standards of living and no way to go up. They give us the government handouts which are required for the very basic survival and in return they expect us to vote them in power until such a time when they do not need us to vote at all for them to stay in power as by that time they will become absolute dictators.


32 posted on 03/30/2009 10:01:37 AM PDT by jveritas (God Bless our brave troops)
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To: CaptainAmiigaf; Bloody Sam Roberts

“a little levity in a not funny situation” ping


33 posted on 03/30/2009 10:02:03 AM PDT by Mrs. B.S. Roberts
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To: Western Phil

Nancy had to apporve it first.


34 posted on 03/30/2009 10:02:11 AM PDT by Vaduz
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To: tatsinfla

“”they were down 299 when i saw he was speaking on this issue...””

Please tell me you didn’t watch him...he’s absolutely unbearable. I’d rather do most anything than that.

Rush came on at noon here and asked if Obama even knows how to change a tire let alone tell an auto company how to run their business.

OBAMA=LIES=DESTRUCTION OF OUR COUNTRY


35 posted on 03/30/2009 10:04:03 AM PDT by Thank You Rush
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To: dr huer

“”Obama may not be a total disaster.””

You don’t call repaying favors a disaster????


36 posted on 03/30/2009 10:05:17 AM PDT by Thank You Rush
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To: Thank You Rush

no no...didn’t watch him....he makes my stomach turn....my little 3 yr old daughter sees him on tv she says obama bad nad man....


37 posted on 03/30/2009 10:12:31 AM PDT by tatsinfla
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To: dr huer

The most major problem is the socialist parasites called UAW unions. The problem with GM managers for the last three decades is that they have totally submitted to the blackmail of the UAW parasites. Obama is a total disaster on all levels and in this particular issue because he wants the socialist parasites of the UAW and the government bureaucrats to have absolute and total control of GM and Chrysler.


38 posted on 03/30/2009 10:16:48 AM PDT by jveritas (God Bless our brave troops)
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To: jveritas
The most major problem is the socialist parasites called UAW unions.

It is true that the management didn't stand up to them, and that the UAW played the Big Three off against each other. But, you should have added in the government, which has supported the unions over the years, and has further imposed mileage and emissions mandates on the auto companies without regard to how it weakens them.

39 posted on 03/30/2009 11:48:50 AM PDT by Pearls Before Swine (Is /sarc really necessary?)
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To: jveritas
They want all of us to live on the government expense will very low standards of living and no way to go up. They give us the government handouts which are required for the very basic survival and in return they expect us to vote them in power...

We will all be singing an updated version of Tennessee Ernis Ford's "I Owe My Soul to the Company Store", but this time it will be to the USSA.

40 posted on 03/30/2009 11:56:15 AM PDT by happygrl (BORG: Barack 0bama Resistance Group: we will not be assimilated)
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