Change We Can Believe In!

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Dixie - In Memoriam

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Okay, we have 42 stock market days remaining until Obama is sworn in, and we are losing an average of 300 points per day. It's currently below 8,000 but at this rate, it should be at 0 before January 20th! ...at least he'll have a fresh start!

It's a good thing we can believe in change, because our little tin cups will feel awful empty without it!
 
Dixie said:
Okay, we have 42 stock market days remaining until Obama is sworn in, and we are losing an average of 300 points per day. It's currently below 8,000 but at this rate, it should be at 0 before January 20th! ...at least he'll have a fresh start!

It's a good thing we can believe in change, because our little tin cups will feel awful empty without it!
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You going to blame moderates and Democrats for that?
 
By the way, you can't even post this short little thread without lying. The market is currently above 8000.
 
ib1yysguy said:
By the way, you can't even post this short little thread without lying. The market is currently above 8000.
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Only because George Soros bought some stocks before the close Friday and pushed it up to 8046. It was below 8000, and will return there Monday. As I told you before, the "rich folk" are cashing it in, getting the hell out while they still have a pot to piss in!
 
Oh - btw; the President you adore is showing marvelous leadership during the worst financial crisis in generations.

His true colors are showing again; this is actually very reminiscent of Katrina...
 
Before Obama EVER won the election the stockmarket fell to 8175.77 on October 27, 2008. While smart people know the president has almost nothing to do with the economy, if we argue your logic, George W Bush is responsible for the most precipitious drop in the economy since 1929. In June the market was above 12,000. Again using your logic, thank god the Republicans are leaving the whitehouse BEFORE we all go broke.
 
Socrtease said:
Before Obama EVER won the election the stockmarket fell to 8175.77 on October 27, 2008. While smart people know the president has almost nothing to do with the economy, if we argue your logic, George W Bush is responsible for the most precipitious drop in the economy since 1929. In June the market was above 12,000. Again using your logic, thank god the Republicans are leaving the whitehouse BEFORE we all go broke.
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The stock market began to fall as it became apparent who would win the election. If you want to deny that now, you can, but this is how history will record it. I wouldn't be so quick to predict, it looks like we will go broke weeks before inauguration. But I am sure Saint Obama has a plan!

I actually think this is funny as hell, after 8 years of hearing liberals talk down the economy and preach doom and gloom, they finally win, and it REALLY goes to hell! What is going to be interesting is watching how you will recover from this, being you've gotten here by being completely negative, driving consumer confidence to the basement. There's not enough money in China to fix this now, and heaven forbid we have another 'spectacular event' from our alQaeda friends. Yep, you certainly have a real mess on your hands, but we can all take pleasure in knowing we can die blaming it all on Bush.
 
Dixie said:
The stock market began to fall as it became apparent who would win the election. If you want to deny that now, you can, but this is how history will record it. I wouldn't be so quick to predict, it looks like we will go broke weeks before inauguration. But I am sure Saint Obama has a plan!

I actually think this is funny as hell, after 8 years of hearing liberals talk down the economy and preach doom and gloom, they finally win, and it REALLY goes to hell! What is going to be interesting is watching how you will recover from this, being you've gotten here by being completely negative, driving consumer confidence to the basement. There's not enough money in China to fix this now, and heaven forbid we have another 'spectacular event' from our alQaeda friends. Yep, you certainly have a real mess on your hands, but we can all take pleasure in knowing we can die blaming it all on Bush.
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Frankly, I've never seen anyone talk down the economy quite like Limbaugh and his little minions (you) are right now.

Using your logic, which is based on Limbaugh & is also inane, there should be no market recovery whatsoever until at least the election of 2010. I'm sure you'll be the first one back here in the next year or so, when the market does make its way back up above 10K, to admit how stupid you are.
 
"The stock market began to fall as it became apparent who would win the election."

You have previously stated that they didn't even know on ELECTION DAY, because the market rallied that day.

You are such a bad liar. And I suppose you don't think the banks failing, staggering unemployment #'s, the big 3 on the verge of bankruptcy, et al. have nothing at all to do with the market decline we've seen? Or do they, and they're all Obama's fault too?

You've been a really sad case since election day...
 
In my opinion both perspectives presented here are wrong.

Obama is going to be the biggest buttboy Wall Street Street has ever had in the Oval Office .. and his selections for Treasury and his National Economic Council prove that is true.

The stock market rose on his selection at Treasury and Larry Summers was on the short list to become the Treasury Secretary for Bush.

Neither the left or the right has yet figured out the fraud of Barack Obama.
 
Oncie, I have no idea of what you are talking about. Since you obviously listen to Mr. Limbaugh, perhaps you will clue me in on what he said. I am merely going by the Dow Jones Industrial Average, which is widely available on the Internet and elsewhere. I'm not 'talking down' anything, the market has lost about 15% of its value in the past two weeks, and this was on top of already massive losses in the weeks before that. I said months ago, I thought the reason was, people with money, (who are largely the ones invested in the stock market), are selling their stocks and buying gold. Once they saw it was apparent Obama would win this election, they started liquidating assets, so as to 'protect' them from an anti-capitalist administration. This didn't come from Rush, it came from ME and common sense.

Perhaps you will turn out to be correct in your predictions of a comeback in the market? It certainly can't drop much lower, can it? I think if Obama backs down on his pledges to raise capital gains taxes, corporate tax rates, and taxes on the rich, there may be some investors reassured in the market, and it could come back... but that is a mighty big IF. It also doesn't factor in the effects of another terror attack, if that happens, all bets are off, the markets will not make a comeback.
 
"I thought the reason was, people with money, (who are largely the ones invested in the stock market), are selling their stocks and buying gold. Once they saw it was apparent Obama would win this election, they started liquidating assets, so as to 'protect' them from an anti-capitalist administration. "

Other than that, though, you think the fundamentals for investors have been a-okay? You think they would have ignored a million more unemployed, the big 3 flirting with bankruptcy, record lows in consumer confidence, horrific retail #'s, and other declining indexes?
 
Onceler said:
"I thought the reason was, people with money, (who are largely the ones invested in the stock market), are selling their stocks and buying gold. Once they saw it was apparent Obama would win this election, they started liquidating assets, so as to 'protect' them from an anti-capitalist administration. "

Other than that, though, you think the fundamentals for investors have been a-okay? You think they would have ignored a million more unemployed, the big 3 flirting with bankruptcy, record lows in consumer confidence, horrific retail #'s, and other declining indexes?
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The Big 3 flirting with bankruptcy is the result of poor management and union promises they can't honor in a competitive market. The other three things you mention, unemployment, consumer confidence, retail sales, are all related to the market and the economy. For nearly 8 years, liberals have talked down the economy, Kerry campaigned 4 years ago on the mantra that this was the 'worst economy since the great depression!' Well, guess what? Now it really IS the worst economy since the great depression, and it is not going to get better under a tax-and-spend liberal president.
 
"it is not going to get better under a tax-and-spend liberal president. "

I know you're praying it won't, but I have great confidence that it will. And I know that's a nightmare for you, but tough.
 
Another terrorist attack would indeed do damage to the economy.

But the worst damage done by the 9/11/01 attack was the attempt by the Bush administration to speed the economic recovery.

Remember those ridiculous encouragements to spend as a patriotic measure? Remember the nonsense about "if we stop spending, the terrorists have won"?

That started a flood of the ARM mortgages and balloon payment mortgages being written.

Its not coincidence that the average time until the mortgage payment jumps up is 5 years. And that the housing market started crashing and foreclosures started skyrocketing in 2007 & 2008.

Part of what is happening now is that we are paying for the "quick fox" of the economy that the Bush folks put into play.
 
Onceler said:
"it is not going to get better under a tax-and-spend liberal president. "

I know you're praying it won't, but I have great confidence that it will. And I know that's a nightmare for you, but tough.
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LOL... No, my nightmare was finding secure foreign investments 10 years ago, when I realized we were whoring our economy out to China. Thank God I did that, and the only 'loss' I am suffering now, is in my dismal 401k plan at work.

I am glad you have confidence, but you really don't know much about the economy or how to make it grow, because you are a retarded liberal. You've elected socialists to fix the problem, and socialists can't fix a capitalist problem. Things are going to get much worse in the next year, and when it's all said and done, the Bush years will actually look great in comparison. But no one can tell you that now, you are too drenched in Obama koolaid to believe it, you'll have to see it and feel it, and you will. Oh yes, "change" is coming, it's just not the kind you had in mind.
 
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