If Obama is the savior who inspires hope and embodies change, it is not showing in the Stock Market… The Dow Jones hit its lowest level since 2003.
People who have sense and money to go along with their sense are obviously voting with their wallets and bailing out of the markes as fast as they can. Can you really blame them?
From Marketwatch:
The Dow Jones Industrial Average slid 427.47 points, or 5.1%, to 7,997.28, its lowest close since March 31, 2003. All of the Dow’s 30 of its components finishing lower.
Volume on the New York Stock Exchange topped 1.6 billion, and for every stock on the rise, more than 15 fell. On the Nasdaq, nearly 1.1 billion shares traded, and decliners topped advancers more than 8 to 1.
Never thought I’d be one to say this, but at the rate things are going, after all is said and done, George Bush’s term shall look like a period of economic prosperity compared to what we shall have to endure under Barack Obama…
Posted by PUMA Pundit
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18 comments ↓
Kenyan boy, to safe some face, will say “hey America,I was just kidding. I am not going to raise your taxes! Let’s get together and help me, I’m not a Messiah, I’m a simple human being like you who did not get aborted..mm…mm ummm hunn”
I’m wondering why we’re blaming Obama, the president ELECT, and not the 8 years of failed Bush economic policies. OH MY GOD, I JUST REALIZED THE CALIFORNIA WILDFIRES STARTED WHEN OBAMA TOOK OFFICE! Those must be his fault too, right?
JoeCool,
you don’t understand the market. The market reacts to uncertainty, fears, abrupt “changes” in economic proposals. Please read some economics books before you blindly defend your Kenyan boy aka Barack Marx.
These are the kind of voters this community organizer had in his pocket with his “change-nopsis”.
Obama is already “fixing” the economy and he have not even been sworn on yet, just talk crazy crap.
Elections Officials May Audit Obama’s Fundraising Machine
http://www.newsmax.com/headlines/fec_audit_obama/2008/11/19/153172.html
Who is this man and why is he harshing Obamalot’s Mellow?
http://riverdaughter.wordpress.com/
Yeah, and as if this whole economic mess is the fault of incoming President-elect Obama??? So let’s see–the fat cats’ $ didn’t trickle down to the middle class. And Obama is proposing taxing those fat cats at the rate that they paid when Clinton was president and the American economy was really fundamentally strong? Oh yeah, and that doesn’t make sense? And we had Prez Bush spending billions on a preempted war as pay back to what his dad didn’t accomplish?? And are we all safer since we targeted the wrong country and still have not found Osama bin Laden? Oh yeah, and let’s keep troops in Iraq for 100 years as McCain proposed and just keep spending $ in Iraq as if it was a leaky faucet? No, how about let’s put this into perspective. Obama will be blamed by you but he inherited the biggest economic mess in decades.
So speaking of trends and predictions, the bellwether state of Missouri got it wrong–they barely voted for McCain, but having done that, their trend in predicting the next president, according to how their state votes, has ended. So much for the veractiy of that trend. So maybe this guy is not right.
To say that the election of any person could somehow outweigh the horrible economic forecasts and news that continue to come out is ignorant and idiotic. The same thing would happen with the markets no matter who holds the reigns at the moment. With Europe and Asia in recession, and the US soon to officially be in one (two quarters of negative growth), to make comments that either Obama or McCain could immediately turn the markets around is ludicrous.
The reality is that this economic crisis is what is making the markets nosedive. And the fault of the crisis lies in no one’s hands but the republican administration that has ruled for the last eight years and greedy corporate plunderers.
Gojoebo,
In every post you write here you show your lack of knowledge in basic economics, history, sociology and political issues.
The economic crisis is not president Bush fault. This fall out comes back from the 90s when your perverted and synical playboy president Clinton was in office giving loans to people that could not afford houses.
We are fighting the war on terror against jihadists and fascist muslim criminals.
We are engaged in two wars, so? Do you know how much more money the US intervention in WW2 cost?
Do you even know how much we spent in the lost war of Vietnam? Vietanam was a democrat Kennedy-Johnson war. Actually president Bush is the only second republican president who goes to war!!!
Stop your non sense. When are you going to stop blindily supporting that Kenyan boy?
JoeCool,
The only legacy perverted payboy president Clinton has as credit is that he won a conflict without a single American shot. That was the most greater achievement of a president in 50 years.
Let me laugh at your “Higher homeowner rate ever” because that exactly is the reason we have this economic banking melt down 17 years later!
Thousands of foreclosures, thousands of defaulted loans, thousands of second and third bad mortgages. Billions in defaulted loans that were hidden to come out just in time to have the first black president in the White House!
About the “new jobs”, let me laugh some more, hahaha!
Most of those jobs were in the public sector under the unbrella of a big goverment spending, big goverment business into the private sector. Reagan created millions of jobs but in the private sector. People who hired other people. Reagan lowered taxes.
During playboy Clinton young people joined the military by the thousands every week because bonuses increased and qualifications to become a service member were downgraded. There was peace and prosperity, why? Because Clinton did not do nothing about AlQuada and the terrorists who were planing to kill innocent people. He did not do anything against Syria or Lybia. He was getting blow jobs from interns in the White House.
Unemployment went down because hundreds of thousands of young people and young adults went to study with the famous Pell Grant, so they were not included in the books,
Most of the jobs in the private sector were not permanent! The proliferation of “fast hiring companies” was a record breaking asset to that administration.
People used to work 6 months and collect unemployment another 6 months. In fact, the big goverment made sure that the audit were done during the 6 months of employment.!!! hahahahahaahahaha
Want to laugh some more??
The “largest surplus ever” was not playboy Clinton work. It was Reagan and Bush 41. Clinton just had an economic ride at the expense of Reagan and Bush.
Joe Cool, in addition to the info above written by Carmelo, Junior – a huge chunk of the budget surplus created in the late 90’s was caused by the .com bubble that created wealth (and with it, increased tax revenues) related to new IT businesses.
Many of these businesses were able to maintain through the 2yk scare, but most crumbled early in the Bush 43 presidency.
Where Bill Clinton was benefit of the best of times George W Bush was the benefit of the worst of times from many directions.
Clinton should also be held responsible for a lack of preparation of this nation for the international struggles ahead, including no movement on an energy policy (a consistent thread in Presidencies through the last 25 years of the 20th century).
I’m not a fan of either man, but a fan of the truth and an understanding that those who do not read and understand history are doomed to repeat it.
This failure of understanding has allowed a 47 year old man with a smooth and calming voice, to create enough chaos in our political system to put us in the mess we’re in today.
CarmeloJunior & PalinFan, no matter how you try to spin crap about the last Dem admin versus this repub one, the FACT remains that under Clinton, the GDP per capita GREW by $7,500 while under GWBush these last 8 years, our GDP per capita has SHRUNK by $2,000.
And the Buck stops at the President.
http://zfacts.com/p/318.html
http://www.msnbc.msn.com/id/27121535/from/RSS/
http://www.newsweek.com/id/162401/page/1
If you read the above 3 links, then you will LEARN the FACTS that it’s ultimately the GOP’s reliance on Reaganomics these last 8 years that has sunk our economy: Deregulation; High Deficits; Reduction of Revenue Intake by drastically lowering taxes on the Wealthy.
I mean, tell me how Bush’s lowering of taxes on the rich early in his admin, has benefitted our economy 8 years later? Huh???
As for calling Clinton immoral: What is more immoral than Cheney, Bush, Rove LYING to the american people to get us to invade Iraq that the Bush Admin KNEW had NOTHING to do with 9/11!
Which has costed us almost a TRILLION dollars & over 4,000 troops! Almost twice as many as were killed in 9/11!
And just so that Cheney, Bush, Halliburton, Hunt Oil Company of TEXAS & Bush’s other close corporate buddies could PROFITEER in Iraq over the corpses of 4,000 Americans!
Clinton getting a BJ never costed the loss of 4000 American lives just so that he could get rich profiteering in Iraq!
If you want to talk about immorality, then what about Gingrich’s adultery, even as he lead the charge to impeach Clinton? Huh??
Or McCain cheating on his injured 1st wife & then abandoning her to marry his adultery partner – a heiress young enough to be his daughter!
Or how about Laura Bush who ran a redlight & killed her friend???
Google it if you dont believe!
http://www.snopes.com/politics/bush/laura.asp
And about your assertion as to who is responsible for 9/11 = it was the Repub Admins of Reagan & BUSH Senior, that trained & funded Osama & what became Al Qaeda with money and weapons thru out the 80s!
And then abandoned them & Afghanistan after they had no more use for their al qaeda ALLIES, causing them to become increasingly more radical & anti-American!
And 9/11 occurred TEN MONTHS into the Bush Presidency, and occurred weeks AFTER Bush received a daily intel briefing specifically saying al qaeda was imminently close to flying commercial aircraft into landmark buildings! And Bush took NO action, to alert the FAA , FBI, etc!
Do you remember the female FBI agent that the 9/11 Report, showed was frantically trying to alert her Bosses to Saudi men who were learning to fly commercial jets at U.S. flight schools, without bothering to learn to land & take them off???
If Bush had put the FBI & FAA on alert, then her bosses would have took action, you Dumbasses!
So CarmeloJunior & PalinFan, stop being Dumbasses! And stick to the FACTS!
WellhungRichie,
posting links on here will not make your statements correct.
Playboy Clinton’s behavior in office was the most outrageous behavior of any president in history, only overshadowed by Nixon’s Watergate scandal. Newt Gingrich was never sworn in to be our Commander in Chief. Being an adulterer or dating while you are still married is bad, but using the office of the president of your Country as platform for the most despicable immoral acts has not comparison.
The only thing you can charge Dick Cheney is of being an old rich white guy with rude facial expression. Or having shooting his shot gun to a hunting partner.
57,000 thousands Americans were killed in Kennedy-Johnson intervention in Vietnam. The communists are still there and even Bill Clinton went there to shake hands with those criminals.
You wanted Saddam Hussein to stay in power threatening Israel, shooting at our planes, planning to invade Saudi Arabia. You know that criminal was a treat to world peace. Soon or later the UN was going to lift the sanctions, soon or later that evil man was going to reinforce his military and you and me would have been called obligated to stop him. But thanks God our all voluntary Armed Forces got rid of him. 100% of our military is still a voluntary force. Nobody had a gun on their faces when they signed in!
Don’t be so naive. Even Hillary Clinton understood the need of getting rid of that bastard. That is why Hillary is respected, because she is a centrist, like many of good democrats who love this Nation. Not like that radical friends of terrorists and criminals Kenyan boy.
Sorry CarmeloJunior, but most people will trust the info in the links from NEWSWEEK & the U.S. Government’s records of WHITEHOUSE.GOV, over your partisan B.S. everytime, k. So sorry to disappoint you.
& CarmeloJunior, Saddam Hussein WAS contained on the CHEAP. Now that we have removed him, we have spent almost a trillion dollars just to keep Iraq from sliding all the way into Hell in civil warfare betwixt it’s 3 ethnic & religious groups!
And Saddam had no WMDs to seriously threaten Israel that has several hundred nuclear weapons! So why didn’t the stupid neoCons invade Libya then? Muammar Ghaddafi was a threat to israel also & was pursuing WMDs, silly!
But we contained him thru sanctions & brought him around, without spending a trillion dollars destroying Libya like we did in Iraq! And dont forget that Iran has only gotten MUCH stronger since we removed Saddam who was their mortal enemy. Duhh.
And at least when we lost 57,000 troops in Nam THIRTY years ago, it was fighting against the Communists who were our mortal enemies.
The Republicans have lost us 4,000 troops ridding Iraq of NON-EXISTENT WMDs. That was the reason they claim to have invaded, dummy. And we all know that the real reason was so that Cheney, Halliburton, Bush & Hunt Oil Co. of Texas could PROFITEER in Iraq. So let’s keep the debate REAL, k.
And “Kenya boy” is now your President & Commander-in-Chief. So go suck on that, ok CarmeloJuniorBoy.
wow… WellhungRichie – I’m not even going to bother to reply to the details of your post because I don’t have the time and you have no capacity to understand. I could almost feel your hands shaking as you were typing – how do you sleep at night with all these evil Republicans conspiring to ruin the world.
I’m not into the crazies on the left at Kos or the right at Free Republic I just try to look to the future. I want someone who can keep us safe and stop government growing; and if they can inspire someone to take care of themselves, those less fortunate as well as our planet – then all the better..
from your moniker, it seems like you have other things on your mind anyway.
take good care.
PalinFan, my moniker refers to the simple innocent fact that i’m a gymRat with Muscles – which i thought would be OBVIOUS from my chest photo.
So from your comment re it, it appears that IT IS YOU who have something else on your mind. So you need to get your mind out of the gutter, k.
& PalinFan, from your moniker, it looks like you are among the 2% of rightwing nutjobs who think that abuse-of-power, A.I.P.-supporting Palin is smart enough to clean up the biggest Mess in our entire modern history, that the Republicans’ policies these last 8 years have left us.
Despite the fact that it took her 5 colleges & 6 years to get a degree.
Real Smart.
WlHRichie–Well said…and what you said is all based upon facts, not concocted hearsay. Thank god we will finally have someone in the oval office who will be on the ball to take us in a better direction. It will be difficult to clean up the mess that was made by Reagan and the Bushes, but we are ready to work hard to take back this country and make it exceptional again. I’m ready…
Well done Richie…