Worst Inauguration Day Selloff In History

[freedom]

You can't have rich middle class Americans with all that money in 401k's and have a successful socialist state you know.



Glad I wasn't the only one that noticed....the silence is deafening

I haven't heard from Freedoom lately.....Dow going into 6000 this week...where's he at...in a padded cell somewhere?

KC Flyer seems rather quiet too...... :huh:

Caveat Emptor

the dow isn't in the 6000 range JUST yet ...

and i am not one of these people who thought that just because obama was elected the economy was going to spring back to life ... while i like the attempts that he and his staff have made to tackle the problem .... the problem it's self is so huge that no current poltican solution will work ....


you haven't heard from me in awhile because i;m hard at work on a future poltical solution to solve this growing problem .

 

[dapoes]

Live Stock drop when ever Obama opens his mouth

 

[dapoes]

And the carnage continues, monday markets open below 7000, first time since 1997 wiping additional billions in the publics 401k, investments, etc.

Maybe it has something to do with the lovely news of Obama's Cap and Trade idea?

WH Admits To Energy Tax
WH Budget Director Orszag Admits Obama's Cap & Trade Policy Will Increase Energy Costs
Video Link

White House Budget Director Peter Orszag was on This Week with George Stephanopoulos.
During his interview Orszag admitted that Obama's proposed cap and trade energy legislation will increase energy costs for everyone.

The Bad Side: The Obama White House admits that cap and trade policies will increase energy costs for Americans.
The Good Side(?): The Obama White House admits cap and trade policies will give government more money to blow.

That's important.

 

[tech2101]

Maybe it has something to do with the lovely news of Obama's Cap and Trade idea?
That's important.

Or maybe it has something to do with the failed policies of the last 8 years coming home to roost.

I know you are hoping for him (and us) to fail.

I guess he has since he has been in office now 6 weeks and he has failed to cure all the nations' ills.

 

[dapoes]

Or maybe it has something to do with the failed policies of the last 8 years coming home to roost.

I know you are hoping for him (and us) to fail.

I guess he has since he has been in office now 6 weeks and he has failed to cure all the nations' ills.

Its the obvious sentiment of no confidence in the (joke of a president) messiah. Time to own up to it.

Theres no hoping he fails. He is failing as speak, evident by the falling confidence, employment, peoples income, investments and savings.

 

[tech2101]

He is failing as speak, evident by the falling confidence, employment, peoples income, investments and savings.

Wow, he has accomplished all of that in 6 weeks?

None of that was happening, or going to happen, prior to his taking the oath of office?

I know you are intelligent enough to know that the downward slide was going to continue for some time, no matter who took office.

If not, I guess I gave you more credit than you deserved.

 

[Garfield1966]

Its the obvious sentiment of no confidence in the (joke of a president) messiah. Time to own up to it.

Theres no hoping he fails. He is failing as speak, evident by the falling confidence, employment, peoples income, investments and savings.

Just to get an idea of your bias, what percentage would you place on Obama, Bush II, Clinton for the current situation? Please refer tot the following when formulating an answer :

Length in office

Obama 6 weeks
Bush II 8 years
Clinton 8 years.

 

[dapoes]

The stock market is reacting to a number of things, both globally and domestically.

Wrong again, it has to do with confidence. People are shorting the market and taking their money and running. Why? The obvious flawed big government spending binge under obama and lake of comprehensive economic recovery package. Obamas economic recovery idea is composed of pork and entitlements with absolute zero going to stimulate nor grow the economy.

Another part is the Bush administration being asleep at the switch while dealing with Iraq

Another sorry tired liberal excuse.

And sorry to say some of the decline is due to a lack of confidence in Barack Obama.

Nope 100% decline due to Barack since the day after he got elected. NO CONFIDENCE

All of the above points to the failure of the Republicrats and their policies.

Really? So the porkulous was the GOP idea? Tax increases the GOP idea? Installment of welfare nation the GOP idea?

When you loot the Treasury for personal gain as all Presidents in my lifetime have done the day of reckoning comes sooner or later and now it appears it has arrived. Barack Obama is not responsible for 60 years of Freedom robbing policy. However he is going to bear the brunt of the outrage that IMO will soon begin to fester and boil as we hear that the stimulus is yet another example of insanity.

He has robbed the treasury more in the past 60 days then any other president ever.

Repeating the same failed policies and programs and expecting a different outcome is the very definition of insanity and that's what we have here.

And instead he is throwing the entire nation under the bus, with the hopes that they will forever be dependent on big government (and the democratic party) to survive.

November 4th 2008: Worst thing to happen to the Republican Party-Barack Obama
March 2nd 2009: Best thing to happen to the Republican Party-Barack Obama

 

[dapoes]

Just to get an idea of your bias, what percentage would you place on Obama, Bush II, Clinton for the current situation? Please refer tot the following when formulating an answer :

Length in office

Obama 6 weeks
Bush II 8 years
Clinton 8 years.

For the record, the economy considered Obama in office the day after he was elected. Bush was obviously absent, it was Obama 24/7 and thats all you heard,

Its not so much of percentages but what responsibility they have had in our current climate.

Clinton: Responsible for the relaxed lending standards at Fannie (Fannie Mae Eases Credit To Aid Mortgage Lending) that led to the eventual mortgage debacle.

Bush: Acting more like a democrat and spending money like a drunken sailor. But to his credit, he also tried to prevent the forthcoming Fannie and Freddie meltdown brought by Clinton. Democrats thwarted.

Obama: Inspire hope and change, only to force feed the public and the economy onto some spoon fed, half baked recovery plan that leads to massive socialist institution. Increases massive drunken government spending on entitlement and pork spending with no real recovery plan. Increases taxes on people who pay the most and businesses that will lead to more unemployment, loss of retirement funds, investments, etc.

 

[Garfield1966]

The fact that you are unwilling to place any of the blame for our current situation on the previous 8-16 years would be humorous were it not so completely asinine.

Your inability or unwillingness to be objective is par for the course. If you want anyone to take you seriously, you need to be more objective and you need to learn how to research and apply logic to your arguments. Other wise you are just another blow hard who contributes nothing to the argument.

Of course lack of confidence in Obama is part of the market issues. He has been in office 6 weeks and no one knows what the bill will do for the economy or if it will even work. I do not see another option at this point. Letting more and more homes in foreclosure does not seem like a viable option. Letting more and more businesses go under also does not seem very practical either.

I was watching 60 min last night and there was a investment guy on there who had sent 5 requests to the SEC starting in 2000/01 I think to investigate Maddoff. He said it took him 5 min to determine that Maddoff was full of crap and 4 hours to model it mathematically to prove it. Yet the SEC did nothing. If this is how the SEC and other gov agencies are run it is no wonder that we are in the mess we are in. Where is the over sight for that?

Twelve years of republican Congressional control and 2 years of dem congressional control have screwed this nation.

If you are under the impression that this is all Obamas fault, you are delusional. There is just no polite way of saying it.

 

[Garfield1966]

Oy vey. The republicans had control over the WH and Congress for 6 years. he Dems could not thwart anything.

Bush and Congress were spending money with no regard for the fact that we had no income to back it up. Then he launches a war to Iraq to the tune of over $1,000,000,000,000.00 and counting.

If Clintons actions were so bad then the Republicans had 12 years to fix it and they failed to act which makes the complicit in the crime.

You can consider what ever you wish. he POTUS elect has no official power. The fact that Bush II was no where to be seen for 2 months was due to his incompetence and the fact that his own party had abandoned him. Obama as been president for 6 weeks. Even were he POTUS since Nov 4th it would matter little. You cannot turn around an economy in 4 months. I suspect it is more on the order of years.


Edit:

BTW, can you please show me the EO or bill signed by Clinton that said banks had to make bad loans to low income applicants. I have yeat to read anything showing that banks were required, encouraged or asked to make a $200k loan to someone making $20k a year. My understanding is the banks were encouraged to loan maybe $50k or $60k to someone making $20k. Who's idea was it to push the ARM loans? So show me where that was written in the EO or the Bill. And do me a favor, lets not go through the same song and dance we did last time with the 401k. That wore me out and I do not have time for it.

 

[dapoes]

The fact that you are unwilling to place any of the blame for our current situation on the previous 8-16 years would be humorous were it not so completely asinine.

Actually i did.

Your inability or unwillingness to be objective is par for the course. If you want anyone to take you seriously, you need to be more objective and you need to learn how to research and apply logic to your arguments. Other wise you are just another blow hard who contributes nothing to the argument.

Pot meet kettle.

Of course lack of confidence in Obama is part of the market issues. He has been in office 6 weeks and no one knows what the bill will do for the economy or if it will even work. I do not see another option at this point. Letting more and more homes in foreclosure does not seem like a viable option. Letting more and more businesses go under also does not seem very practical either.

You may have blind faith but the economists and the markets says otherwise.

I was watching 60 min last night and there was a investment guy on there who had sent 5 requests to the SEC starting in 2000/01 I think to investigate Maddoff. He said it took him 5 min to determine that Maddoff was full of crap and 4 hours to model it mathematically to prove it. Yet the SEC did nothing. If this is how the SEC and other gov agencies are run it is no wonder that we are in the mess we are in. Where is the over sight for that?

More big government behaving badly.

Twelve years of republican Congressional control and 2 years of dem congressional control have screwed this nation.

Wrong....once again.

If you are under the impression that this is all Obamas fault, you are delusional and an idiot. There is just no polite way of saying it.

No its not all his fault, but he's making a bad situation worse. Much, much worse. And you and the rest of his cheerleaders fell for it, without even considering where he stood on polices before voting for him. Its your crap sandwich now, so take a big bite!

 

[dapoes]

BTW, can you please show me the EO or bill signed by Clinton that said banks had to make bad loans to low income applicants. I have yeat to read anything showing that banks were required, encouraged or asked to make a $200k loan to someone making $20k a year. My understanding is the banks were encouraged to loan maybe $50k or $60k to someone making $20k. Who's idea was it to push the ARM loans? So show me where that was written in the EO or the Bill. And do me a favor, lets not go through the same song and dance we did last time with the 401k. That wore me out and I do not have time for it.

Google clinton and fannie mae and you will found mounds of evidence.
NYTIMES

 

[Garfield1966]

Google clinton and fannie mae and you will found mounds of evidence.
NYTIMES

Like I said with the 401k issue. I really do not give a damn what others have said about it. As I showed you last time, what others say has very little to do with reality. Go to the EO or bil and show me where it says to make irresponsible loans to people who cannot afford to repay them. I do not care what others say.

 

[dapoes]

I do not care what others say.

That's obvious to everyone. Hows the sand taste?