Posted on 11/07/2008 12:32:51 PM PST by MrFred
Market Update
3:05 pm : President-elect Obama has started a news conference after meeting with his economic team. He said America needs a rescue plan for the middle class, including a fiscal stimulus plan. He will also review the current administration's financial plan.
The stock market gives up half of its gains as Obama makes his statements.
(Excerpt) Read more at finance.yahoo.com ...
bump
In case you hadn't noticed, that stuff ain't money anyhow. We haven't had any money since 1964.
If he thinks he is going to be able to raise taxes and add trillions to the debt without the market tanking and interest rates going up, he is dreaming.
Euphoria meet reality.
We are broke, neither he nor Congress will do anything to fix it. The Obamantion does NOT want his first year to be a complete financial disaster. Get ready for some SERIOUS fireworks when Congress starts passing new spending bills.
schu
Personally, I hope the DOW hits 0. Then all the idiots who voted for the Obamanation can all stand in a soup line and chant “O BA MA” over and over.
We will give BO back exactly what he and his party gave to President George Bush for eight years. If there is any doubt what this guy is about, read Saul Alinsky and find out how you go about getting the sheeple on your side. He will destroy Democracy and the Capitolistic engine that drives our econmy. BO’s change is dangerous in a free society. What is missing in BO’s words are respect for this country’s history. I doubt he has ever read the Founding Fathers words that ensure individuals in America safety from government control of everything. Freedom is lost, a little at a time. BO is doing just that.
The fact that Bush led us down this dirty road, assisted by the Democrats in Congress is not something that will be mentioned very often.
“Yea, well what was the jab at Nancy Reagan about?”
He couldn’t help himself, he is a hater masked in his bipartisanship bs.
He looks like he has been rode hard and put up wet. I guess that is what happens to you when you are nothing but an empty shirt.
It is the Obama Economy stupid. (why not, they blamed President Bush for the Economy of 2000).
____________________________________________________________
That is exactly what we have to do. It’s time to stop being the nice guys. We have to be the bomb throwers.
Obama did it. Obama caused it. It’s his economy.
He had already said, “Bush is still your President until January 20th”.
Ron Reagan endorsed Obama, come and defend your mother even if it the President elect saying unkindly things.
Except that they blamed Bush for the 2000 economy but the stock market didn’t tank after he was elected.
BWAHAHAHAHAHAHA!
All of you living in the 56 other states are about to find out how it feels to be the punchline of a really bad, horribly unfunny economic joke. God, I hope he appoints her TreasSec!
Market will drop until he commits to not raising capital gains taxes. Anyone with any sense is selling out of a gain position at 15% before he raises it to 30%. Other selling is loss selling to cover early year gains, while losses are still deductible.
“5K in 70 days.
You heard it here first.”
I fear you’re correct.
But either way, it’s never a losing proposition for zeroMan, for example;
Market goes up, it’s the zeroMan’s economic policies. If the market totally tanks, it’s the unwashed masses crying “save us from the volatile market!”. There go private pensions.
Same think with the Armed forces. Service members stay in with POS CinC, they are screwed. If there are mass resignations and drop in re-enlistments, country becomes week.
Either way, zeroMan wins.
What's new? he asks the nurse.
Well we have a new president, she replies.
Tell me something about him says the guy.
Well he was born in Africa, he is black, he has no father, his mother was a hippie, he has never done a days work, he takes a two sided stand on the issues but he believes in partial birth abortion, and the celebration for his election, his wife dressed up as a black widow spider and looked fairly descent for a change.
The comatose guy goes into shock.....
I have to wonder how much he's going to freak out when he realizes that, as POTUS, he can no longer vote "present." He has said he understands it, but I really don't think he does.
The only difference I see was that it lost the points over a few months versus a few weeks.
What did he say about Nancy Reagan?
Cut taxes.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.