Posted on 10/08/2008 10:21:42 AM PDT by FormerACLUmember
The investors of the US and the world are massively selling off in anticipation of the economic nightmare of a possible Obama victory.
The stock market is betting is that Obama will royally screw up the US and world economies. For example, the corrupt democrat laws that mandate banks to issue worthless mortgages to unqualified borrowers will remain unchanged. The very same corrupt democrats who created the US mortgage/credit crisis will have even more power, should Obama win.
I think I’ll go ahead and post it as a new thread. Is there someone I can credit for this?
I think you should take the credit..It would take to long for me to get in touch with my friend he is a busy person..I don’t think he would mind..I planned to send your version to him anyway..
Thank you.
That’s kind of you, but I didn’t write it - I only cleaned it up a little bit.
Any general identification we can give your friend, by profession, something else?
will do!
My friend is on another site I don’t think he post on here maybe he does..Call him Ron and I will go ahead and ask him..He is a good guy and like us want these democrats to lose big time..
This has to be one of the most misinformed posts about a serious subject I have ever seen on FreeRepbublic. Complete idiocy.
We are experiencing a massive credit collapse on the heels of a massive credit bubble decades in the making with a severe ramping up over the past decade. If Obama had never been born, this would be happening. If Ronald Reagan II were being elected president, this would be happening.
Get informed. Go study up on the liquidity crisis, credit bubble, housing, subprime mortgages, credit derivative swaps, mortgage backed securities, collateralized debt obligations, the Glass-Steagal Act, etc.
Posts like this are tripe and do nothing to improve the knowledge base of the world. If you teach your children this is due to Obama, they will never learn to avoid a repeat of this mistake. If you teach them the true nature of credit bubble, then maybe we can avoid such mistakes in the future.
Obama is dangerous enough being the radical communist he is, we don’t need to pin this entire crisis on him. Lets stick to real information and not create these bogey men.
On an unrelated note, I’m very glad you woke up to see the ACLU for what they are and dumped them. That’s a great start.
OK, it’s up! I tweaked it just a little more. It’s here:
http://www.freerepublic.com/focus/news/2100710/posts
I'll cut and paste into a few dozen emails.
By the way, I just received and email from McCain.com about his mortgage buyout plan.
My response is that we don't need any more government in the private sector, and his plan smacks of Marxism.
I think they’re worried about the possibility Obama might win.
“According to the Tax Policy Center, Barack Obamas tax plans would cost the U.S federal government nearly $900 billion in his first term, and increase the national debt by $3.3 trillion over ten years. “
“Barack Obamas plan to raise taxes and increase trade barriers are similar to those created by President Herbert Hoover in the 1930s, which contributed to worsening Americas economy”
Thanks, Cobra!
(And I wonder how many of Soros’ fingerprints are all over this?)
The stock market strongly disagrees with your assessment that Obama and the democrats are a benign influence on the American economy!
Prove your case. Prove that the stock market is dropping only due to Obama. You can’t prove it.
The stock market plunged from early 2001 to late 2002. Are you saying it plunged because George Bush was elected?
You see, that proves the fallacy of your conclusion. If you believe Obama is the cause of today’s huge plunge in equities, then you have to explain the post 2000 crash in the same terms, and that can only mean that the market crashed because Bush was in charge then.
If you believe that the reason the market crashed post 2000 was the deflating of a massive credit bubble in tech stocks after 1995, then any sane, intelligent individual would know that the collapse of today’s market is due to the collapse of a massive credit bubble in housing.
The mistake you are making is simple. You are like the scientist who burns a wooden baseball bat, a broom stick, a log and a table leg from a stool and comes to the conclusion that cylindrical objects burn, completely ignoring the fact that all 4 objects burn because they are made of wood.
You are wrong. Yet hockey mom’s will be cheering on their sons in hell before you will ever admit it. That’s OK. You are one of the people who are going to cause problems like this over and over because when I was screaming about the formation of a credit bubble, you weren’t capable of understanding that. All you can see is “Bush good, Obama bad”. “Bush stocks up, Obama stocks down.” You have no basic understanding of the fundamentals behind this stock market collapse. None.
This is the post year 2000 tech stock market bubble collapse on steroids, and you haven’t got a clue about that.
If Obama is causing the stock market selloff today, then WHO caused the crash during 2001/2002.
I’ll donate $10,000 to Obama’s campaign if you can come up with an intelligent answer to explain why Obama caused this market crash but nobody caused the year 2000 market crash. That is how sure I am you will either evade an answer, sputter nonsense, or failed to reply at all.
Check out #16
They control the congress and can call for hearings, or not call for hearings if they choose.
They choose not to call for hearings because they would be exposed.
Could be a photoshop.
The investors of the US and the world are massively selling off in anticipation of the economic nightmare of a possible Obama victory.
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