Given the complete collapse in the Stock Market - and Wall Street’s obvious vote of ‘no confidence’ in the new administration, it’s funny to read the plan that Barack Obama laid out for himself just two months ago:
…but the markets are obviously a slightly different situation. Right now, given the sensitivities of the market, I’ve got to pay some attention to market psychology because part of what we have right now is such a loss of trust in both the marketplace and in government that restoring that confidence, restoring that trust is going to be very important. I’m not going to part of watching the crawl at the bottom of an interview. What I will be doing is making sure that I’m communicating with key market participants on a regular basis, again, to explain to them what exactly our plans are and to solicit from them good ideas.
So Obama recognized that the success of his agenda rested to a significant degree on his ability to convince Wall Street that he understood the market, and had a plan they saw as workable. It’s hard to believe that was just 8 weeks ago.
Since then we’ve seen the confirmation of a tax cheat Treasury Secretary who was indispensable specifically because he would be able to enhance confidence on Wall Street. Liberated from the Fed, Geithner now seems woefully unprepared to convince the markets that Obama has a plan to restore economic growth. He was forced to trot out a bank rescue plan that was completely reworked in the last few days before it was announced — without input from the market. Even now — 4 months after Obama was elected — Geithner has not even named a single one of his top 17 assistants — let alone gotten them confirmed by the Senate!
This is an embarrassment. Obama swore up and down that his top priority was getting the economy back on track, but he blew his Treasury pick, and hasn’t even gotten him a single deputy to help bear the load. His plan is seen as worse than useless by the markets. Given all that, it’s no surprise that there’s a nascent move to fire Geithner. (And you better watch out Tim; there’s always more room under the Obama bus.)
Of course, asking Geithner to sell the Obama economic plan to Wall Street is like asking Colonel Sanders to convince chickens of the merits of his restaurants. The private sector now recognizes what might not have been apparent in January: that all Barack Obama offers is more government: more federal programs, higher taxes, more regulation, and eventually high inflation rates. There’s no way this plan could make Wall Street optimistic; it’s no wonder it has done the reverse.
Was Barack Obama smoking something when he spoke in January about the need to recognize the fragile psyche on Wall Street, build confidence and do a little hand-holding? He has ignored the problem - forcing through Congress a massive spending bill that even he now admits won’t do all that much to turn the economy around, instead of making a genuine effort to promote private-sector economic growth. And now that the markets are speaking clearly on the wrongheadedness of Obama’s efforts, he has only himself to blame.
As usual, Obama is all talk
Jeff Emanuel Saturday, March 7th at 2:57PM EST (link)The guy just can’t do anything he says.
JE
ITS ABOUT LYING!!!
citizenfx Saturday, March 7th at 3:28PM EST (link)Your missing the point: ITS ABOUT LYING!!!
citizenfx Saturday, March 7th at 2:53PM EST (link)
Please people I have actually talked to a lot of specialists about this and the way to take this guy down is on the simplest level.
ITS ABOUT LYING!!! and the can of Worms opened up afterwards
What actually got NIXON into so much trouble on Watergate?
Lying about the existence of the Tapes- then the can of worms
What caused REAGAN so much trouble about Iran-Contra?
They said he lied about the knowledge of the program when they found later that he was briefed upon it.
What caused CLINTON trouble of oral sex?
He lied he “got some” to federal prosecutors.
I am asking all of you to please show some faith and get some momentum behind these cases and You will find out that there is a huge can of worms behind them.
I have done a lot of research with some specialists and there is so much more to this. The supreme court does not wan’t to hear the cases because of BO popularity and public dissent that could follow. Change that and you change everything. People are pissed right now and they are beginning to have their doubts about “the messiah” This is the perfect time to sway people to at least support the hearings. HOW COULD IT HURT, Right! We need massive support for the cases to be heard. Why would it be so hard to just hear the case. As they say, “THE TRUTH SHALL SET YOU FREE”
Remember- Now he is losing the popularity because of the economy and his radical agenda. This is the perfect time to press the issue so the courts might hear them and the can opener is drawn from the drawer.
Let me give you a brief possibility and i would like the help of any other Legal Scholars out there that can give clarity
One of the best possible scenarios is this:
BARRACK OBAMA’s real name is BARRY OBAMA (aka)
Barrack Obama
From what i understand Barry Obama went to Chicago to start his political career in the South Side, but no-one really knew who he was or accepted him. To become a little bit more “african-american” he became “Barrack Obama”
This is a legal name change. If any of you have gone through with this (I have through a documentation error) its a process, especially if you have an established record.
These investigators started with every state BO has lived in Hawaii, Ny etc. , Then went to all 50 and still can’t find a legal name change.
OK simple enough right. This is where I need some help from Legal Scholars. I believe that if you have committed fraud, that is a felony. If you are acussed or committed a felony i don’t believe you are eligible for the Presidency.
i do know this: Every offense of this type of fraud is a $1000.00 fine.
Every time that BO put his name on a ballot in every state even to just register for the election from the time he started in Chicago through every primary until know he has committed FRAUD.
How many times is that? I believe it is in the Millions
He never registered in these as Barry Obama aka. Barrack Obama and I have actually seen this done before so there is precedent.
AT a minimum this guy is going to have his hands full with legal problems and credibility.
At BEST, the can of worms (or chickens)come home to roost.
Please people, I know a lot of you have faith. Faith alone doesn’t yield results. We need Action. Show some faith and get people behind these cases (we need millions of dissent) and you will be amazed at how such a small thing could snowball into a whole lot of good political theater. Bill Clinton might thank his lucky stars that his case was much smaller in scope.
Besides what I have mentioned, I know that these cases have so many more angles to them than you know. The problems that Clinton, Reagan and possibly Nixon had are going to pale in comparison. ,
For those continued doubters, I leave you with this.
Think about what the major theme of the last year, which surrounded all us, has been!
FRAUD
Madoff- FRAUD
Blagovich-FRAUD
Burris-FRAUD
Rezko-FRAUD
Stanford-FRAUD
Overleveraged homowners- documentation FRAUD
Nadir-FRAUD
Acorn-voter FRAUD
AAA securities-Moodys and S&P ratings FRAUD
AGW global warming- The planet is heating up my ass-FRAUD
Al Gore is an environmentalist- jets mansions and all -FRAUD
Mortgage Back securities-FRAUD
3rd tier assets on Banks Balance sheets-FRAUD
Fairness Doctrine-Speech suppression-FRAUD
GM and the Unions-”don’t get me started-FRAUD
AIG-We know how to insure stuff w/ no reserves-FRAUD
About 100 other smaller Ponzi schemes out there-FRAUD
Geithner had no idea he was not paying his taxes-FRAUD
All the other cabinet post tax mistaken evaders-FRAUD
Uninsured health care bankrupts millions-FRAUD
Pelosi had a great talk with the Pope-FRAUD
(by the way - claiming that the pope lied, isn’t that a mortal sin)
BO is going to cut taxes for 95% of Americans-FRAUD
BO is going to control spending-FRAUD
BO is going to “CHANGE” the way Washington works-FRAUD
BO is going to control the deficit-FRAUD
BO is going to keep nuclear and all other Engy on table-FRAUD
BO “i could list up to 20 pages more of stuff , my hand hurt”-FRAUD
BO is against earmarks-FRAUD
BO is a man of the people-FRAUD
BO is a natural born citizen-FRAUD
PLEASE PEOPLE!!!
As they say in the stock market “Go With the Trend”
Show some faith and get millions of people to join the cause to at least get these cases heard and maybe GOD will reward your faith by exposing BARRY and all of his minions and this FRAUD
P.S The trend of the stock market is currently “DOWN”, with some luck maybe that is where we can send BARRY and all of his friends. Because believe me they are going with him.
Rahm, Axlerod, Soros, Pelosi, Reid, MSM
Please... stop...
realityunwound Saturday, March 7th at 8:18PM EST (link)I wasn’t able to tell what exactly you were getting at, but if the extent of it is that King Barry the Hopeful shouldn’t be President because his real name is Barry and not Barack, please let this go. I believe Obama is going to give us all plenty of reason to get rid of him. When we grasp for straws like this, we look small minded.
I’m sorry for being harsh. I love the fact that you want to see real change, not Obama kind of change, but for the kind of change that I know you want to see, the HOW is just as important as the WHAT. Sorry again if I’ve offended. That’s not my intent.
http://www.realityunwound.com
Misguided determination
techsan Saturday, March 7th at 2:57PM EST (link)A thought came to mind. Recall Bush’s determined, perhaps even stubborn at times, approach to the war in Iraq. He was going to win…period. It was his mission to finish what he started. And, God bless him, he did. (Now BHO can take the credit, like he seems to for all successes.)
It seems that BHO is applying the same determination to his liberal agenda…assuming history will eventually smile on him. He’s going to “win”…period. And God bless us all if BHO does keep winning…we’re going to need His help.
In the end, all we have on our side of the debate are facts and history.
What I will be doing is making sure that I’m communicating
paulincolo Sunday, March 8th at 3:24AM EDT (link)with key ______________ (fill in the blank). I don’t know how many times, I hear this phrase, but it bugs the bejeebus out of me. he said in the campaign, after election, at inauguration, every presser AND IT MEANS NOTHING. In fact, he shouldn’t be communicating with these people, that’s why he has people to do it for him. Maybe he could then, oh I don’t know, talk to another head of state without embarrassing the whole USA.
(rant over) Thanks for your time.
Who cares about Wall St?
liberalrepublican Saturday, March 7th at 2:58PM EST (link)All they are doing is trying to predict the future.
And seriously, is there any group in the world that has been worse are predicting the future in recent years than Wall St?
This is the group that was paying $57 for citicorp.
“Broadly speaking, liberalism emphasizes individual rights and equality of opportunity. … including extensive freedom of thought and speech, limitations on the power of governments, the rule of law, the free exchange of ideas, a market or mixed economy”
That's as dumb a statement as I have read on here
Jack_Savage Saturday, March 7th at 3:37PM EST (link)Who cares about Wall Street? Just tens of millions of Americans who have retirement, college and life savings invested.
Face the facts, pal. No one in this country really believe this hologram we have as President has the slightest idea what he is doing. The DJIA just happens to put a value on it.
How good are they are putting a value on it?
liberalrepublican Saturday, March 7th at 3:50PM EST (link)The mensa’s on Wall St, who got us in this mess, are saying dark days are ahead.
Just a little while ago, they were saying recessions were a thing of the past and it’s ok to lend money to practically the homeless.
Warren Buffet, who has proven to be smarter than all of them, says our best days are ahead and now is the time to take advantage of the idiots (my word) on Wall St.
The worst thing someone with retirement or saving or whatever would be to pull out of wall st right now.
This is a once in a generation opportunity to create significant wealth.
From the bottom of my soul, I reject any notion that the USA is damaged goods.
This is the greatest economic engine in the history of the world.
Wall St will eventually figure that out.
“Broadly speaking, liberalism emphasizes individual rights and equality of opportunity. … including extensive freedom of thought and speech, limitations on the power of governments, the rule of law, the free exchange of ideas, a market or mixed economy”
I will also say...
liberalrepublican Saturday, March 7th at 3:55PM EST (link)It’s not the government’s job to save the idiots on wall st from themselves.
If they want to be stupid and miss out on this opportunity, they have that right.
Can’t legislate stupid.
“Broadly speaking, liberalism emphasizes individual rights and equality of opportunity. … including extensive freedom of thought and speech, limitations on the power of governments, the rule of law, the free exchange of ideas, a market or mixed economy”
So what you're really saying is...
bs Saturday, March 7th at 4:01PM EST (link)Wall Street is wrong and Barack is right.
You’re a moby. Get lost.
Decorum is fo’ suckas
No.
liberalrepublican Saturday, March 7th at 4:39PM EST (link)What I am saying is that the economic greatness of the USA doesn’t begin and end in Washington.
We have had great presidents, average presidents and terrible presidents.
And the US has prospered.
And will continue to prosper.
Period.
Now, if you say that things would be better with less involvement from Washington, I would say HELL YEAH.
But, I am not going to lose one second of sleep over my personal economic situation because of anything Obama does or doesn’t do.
“Broadly speaking, liberalism emphasizes individual rights and equality of opportunity. … including extensive freedom of thought and speech, limitations on the power of governments, the rule of law, the free exchange of ideas, a market or mixed economy”
You're a moby.
bs Saturday, March 7th at 5:40PM EST (link)Period.
Decorum is fo’ suckas
Yes, And It's Time The Moderators Sent This One To 'The Pile'
IJB Saturday, March 7th at 5:50PM EST (link)I miss the pile pics when they did it too…
Sure...
liberalrepublican Saturday, March 7th at 5:50PM EST (link)If I don’t buy into the idea that the world begins and ends with washington and who is in power, than yeah, guilty.
honestly, I think both sides are wrong most of the time.
I vote Republican only because I think the D’s are wrong just about every time.
I watched in dismay the spending of the past 8 years. Couldn’t believe it.
Now Obama has taken spending like a drunken sailor to a whole new level.
Yup. Both sides think the world revolves around them.
“Broadly speaking, liberalism emphasizes individual rights and equality of opportunity. … including extensive freedom of thought and speech, limitations on the power of governments, the rule of law, the free exchange of ideas, a market or mixed economy”
All I can say is hmmm.......
Kenny Saturday, March 7th at 4:46PM EST (link)You cite Warren Buffet as some sort of omniscient market expert yet his Berkshire Hathoway stock closed at $73,195 on Friday which was down from a 52 week high of $147,100. With 14,761,000 shares in circulation, he has lost his shareholders a total of $1,085,671,550,000 in the past year. That is someone that I would love to listen to. I have watched my 401(k) virtually dissapear during the last year, and I strongly object to your theory that the market means nothing. With your economic theories, maybe you could get a position on Mr. Geithner’s treasury dept., and save us all.
Join the RedState Strike Force
It's the body of work...
liberalrepublican Saturday, March 7th at 5:08PM EST (link)Warren Buffet is the most successful investor in the history of the world. If he lives long enough, he will make many times more off this panic than he lost last year.
You missed my point.
Markets eventually will reflect true value.
My theory is that there is phenomenal value in the Americna economy.
And right now, Wall St is getting it wrong. It’s panicking and over reacting. However, nothing last forever.
So, wall st is like a hysterical 5 year old boy having a tantrum. Stomping his feet and holding his breath. So, I don’t care what wall st does while it’s having its tantrum.
Eventually, rationality will return. I feel sorry for those who pull their money out now, but its not the role of government to stop them.
Anyone who bets against the long term prospects of the USA is going to be a loser. I don’t care who is president.
Don’t forget Jimmy Carter gave us Ronald Reagan
“Broadly speaking, liberalism emphasizes individual rights and equality of opportunity. … including extensive freedom of thought and speech, limitations on the power of governments, the rule of law, the free exchange of ideas, a market or mixed economy”
The market is overreacting for rational reasons, not a trantrum
civil_truth Saturday, March 7th at 6:25PM EST (link)People who throw tantrums get severely punished in the market, but that’s not what’s happening among market professionals (of which I am NOT one).
The market is reflecting the hinderances of traders to assess asset values and future growth prospects, reflecting the mortgage meltdown, credit markets lock-up, and the clueless behavior of government officials who clearly demonstrate they don’t know what they’re doing but are making it up as they go along. All these lead to a highly inefficient market. Most investment theory is based on the hypothesis that markets are largely efficient. Hence we’re in uncharted waters.
And Rightly So!
Market Professionals?
liberalrepublican Saturday, March 7th at 8:15PM EST (link)Market Professionals?
Like the ones running AIG and Bear Stearns? Like the ones who willing paid $57 for Citi a little while ago?
If you believe Forest Gump - “Stupid is as Stupid does…” you would have to admit that these “professionals” are among the stupidest finacial minds in the history of mankind.
They have nice suits, fancy diplomas and the prettiest wives modern surgery can make, but they have acted like IDIOTS.
Seriously, paying attention to them is like looking to France for military strategy during WWII or asking the makers of the titanic for advice on rivets.
The market is having a tantrum. No other way of saying it.
“Broadly speaking, liberalism emphasizes individual rights and equality of opportunity. … including extensive freedom of thought and speech, limitations on the power of governments, the rule of law, the free exchange of ideas, a market or mixed economy”
Wrong again
Jack_Savage Saturday, March 7th at 11:07PM EST (link)“Warren Buffet, who has proven to be smarter than all of them, says our best days are ahead and now is the time to take advantage of the idiots (my word) on Wall St.”
You know what Mr. Turkey Vulture did last year? Spent $3 billion of his investors’ money on GE. Part of this deal let him buy GE stock at $25 per share at any time in the next five years. You know what it closed at Friday? Go take a look and tell me how smart he is now.
“From the bottom of my soul, I reject any notion that the USA is damaged goods.”
Again, the economic policies coming out of this brain-dead administration reward sloth and incompetence. Until these policies are reversed, and it may take decades, the U.S. is damaged goods. Period. The world knows this. All we are for the next four years is one bigass sub-prime borrower.
“The mensa’s on Wall St, who got us in this mess…”
No. People who had no business being lent money got us into this mess. Social engineering through the banking system (”Everybody gets one before anybody has two!”) got us into this mess. Freddie and Fannie got us into this mess. Wall Street is IN the mess, but hardly sparked it. If everyone was paying their bills we would not be having this conversation.
Go right ahead and put all your money in the market. I’ll pass.
Thank you for saying what, at the least, I was thinking.
USNJIMRET Saturday, March 7th at 4:43PM EST (link)Although the screen name of the poser is generally enough to discount 99.9% of his comments.
All, IMO of course.
Which, on things like this, is all that really matters to me anyway.
but wall street has actually been pretty good at predicting Presidential econ policy
Mike gamecock DeVine Saturday, March 7th at 4:49PM EST (link)The market went down during Carter’s first year, up during Reagan’s and up during Clinton’s. Stayed flat after tech bubble and 911.
The latter is one reason for the housing bubble as investors in stocks fled to real estate.
Mike DeVine’s Examiner.com, Charlotte Observer and The Minority Report columns
“One man with courage makes a majority.” - Andrew Jackson
Mike -
liberalrepublican Saturday, March 7th at 5:14PM EST (link)What happened 10 years after Carter?
Was the market up or down?
If you bought a index fund in 1976 for $1000, what would it have been worth in 1986?
Did the US economy grow after Carter or stay still?
He was a terrible president and he didn’t ever come remotely close to ruining the US economy.
“Broadly speaking, liberalism emphasizes individual rights and equality of opportunity. … including extensive freedom of thought and speech, limitations on the power of governments, the rule of law, the free exchange of ideas, a market or mixed economy”
the market correctly predicted failed and successful econ policies
Mike gamecock DeVine Saturday, March 7th at 5:21PM EST (link)Of course, Carter’s poor policies led to the worst economic crisis since the great depression and even our present crisis hasn’t reached the depths of Carter’s double digit unemployment, int rates and inflation. Moreover, his CDA law was what Clinton used in the late 90s to blackmail lenders into making bad loans that fannie and freddie guaranteed.
I was a live adult in the late 70s and early 80s when no one could get a home for less than 18% int rates and inflation was a threat to our economic future. Many lives were ruined in that period and never recovered. Reagan fixed it.
Mike DeVine’s Examiner.com, Charlotte Observer and The Minority Report columns
“One man with courage makes a majority.” - Andrew Jackson
Right...
liberalrepublican Saturday, March 7th at 5:28PM EST (link)The idea in the market it buy low and sell high, right?
The Carter admin created a wonderful opportunity to buy low.
Things were bad. However, Wall St over estimated how bad.
Anybody who thought that Wall St had a good handle on the future got taken to the cleaners. And anyone who bet on the US made out like a bandit. .
When people are greedy, be nervous and when people are nervous, be greedy.
“Broadly speaking, liberalism emphasizes individual rights and equality of opportunity. … including extensive freedom of thought and speech, limitations on the power of governments, the rule of law, the free exchange of ideas, a market or mixed economy”
Hoover created an even better opportunity to buy low - nt
Mike gamecock DeVine Saturday, March 7th at 7:18PM EST (link)Mike DeVine’s Examiner.com, Charlotte Observer and The Minority Report columns
“One man with courage makes a majority.” - Andrew Jackson
Yup...
liberalrepublican Saturday, March 7th at 8:17PM EST (link)This is a once in a generation time to buy.
Fortunes will me made by people who bet on America these days.
“Broadly speaking, liberalism emphasizes individual rights and equality of opportunity. … including extensive freedom of thought and speech, limitations on the power of governments, the rule of law, the free exchange of ideas, a market or mixed economy”
In 75...
liberalrepublican Saturday, March 7th at 8:36PM EST (link)In 75, the market was at 600.
By 95, it was at 6000
“Broadly speaking, liberalism emphasizes individual rights and equality of opportunity. … including extensive freedom of thought and speech, limitations on the power of governments, the rule of law, the free exchange of ideas, a market or mixed economy”
yes, thanks to Reagan - nt
Mike gamecock DeVine Saturday, March 7th at 9:46PM EST (link)Mike DeVine’s Examiner.com, Charlotte Observer and The Minority Report columns
“One man with courage makes a majority.” - Andrew Jackson
No.
liberalrepublican Saturday, March 7th at 9:52PM EST (link)Thanks to the American people who actually created the wealth and elected a competent president.
Washington doesn’t create wealth.
“Broadly speaking, liberalism emphasizes individual rights and equality of opportunity. … including extensive freedom of thought and speech, limitations on the power of governments, the rule of law, the free exchange of ideas, a market or mixed economy”
yes, we agree that Reagan was a competent president
Mike gamecock DeVine Saturday, March 7th at 9:56PM EST (link)Don’t know who you were responding to concerning wealth creation by Washington?
You just like to say “no” to be a contrarian on semantics when we actually agree.
feel better?
smile
Mike DeVine’s Examiner.com, Charlotte Observer and The Minority Report columns
“One man with courage makes a majority.” - Andrew Jackson
To clearify...
liberalrepublican Saturday, March 7th at 5:51PM EST (link)I don’t support Obama’s economic policies.
I think that are idiotic and counter productive.
“Broadly speaking, liberalism emphasizes individual rights and equality of opportunity. … including extensive freedom of thought and speech, limitations on the power of governments, the rule of law, the free exchange of ideas, a market or mixed economy”
There's a big difference between Carter and Obama
The_Gadfly Monday, March 9th at 1:11PM EDT (link)Carter didn’t start with an economy that was cratering even though the media depicted it that way. Carter started with an economy that was having a little bit of inflation. It didn’t really start to crater until half way through Carter’s administration.
Obama on the other hand, is not even half of 100 days into his administration and the economy is already as bad as it was (relatively speaking) in the thrid or fourth year of Carter. Obama, with backing from Pelosi and Reed, has the potential to crater the economy even worse than the Great Depression, because none of them have any idea what reality is. I will grant that it is difficult to make Hoover look economically competent, but it looks like Obama is going to make a serious run at achieving that.
We’ve been called racists enough now that it shouldn’t bother us any more.
-AChance, http://www.redstate.com/moe_lane/2009/11/03/what-men-may-do-we-have-done/#comment-24463
If NY23 was a beat down for Conservatives, what do you call what happened to Progressives in NJ and VA?
inspired by ColdWarrior, http://www.redstate.com/hooah_mac/2009/11/04/ny-23-the-agony-of-defeat-not-so-much/#comment-156
I, too, have great hope for/faith in the US...
skorrent1 Saturday, March 7th at 6:31PM EST (link)Over the long term. But just as Carter gave us a great “buy low” opportunity in ‘80, so did Hoover in “30. The question for today is whether the current economy will behave more like it did under Reagan or under Hoover/FDR. The market saw where the Gipper was headed and led us out of a fairly substantial recession. The market is looking at Obama’s policies and may be thinking that he is leading us into another Carter “stagflation.”
In the “long run” we may not all be dead, but we may have suffered substantial pain.
I am not denying the pain...
liberalrepublican Saturday, March 7th at 8:23PM EST (link)I am not denying we are in a recession or that things are serious.
Far from it.
What I don’t agree is that Wall St is an accurate reflection of the future.
Historically, Wall St ALWAYS over estimates recessions. EVERY TIME. (and ALWAYS over estimates booms).
The worse the recession, the greater to over reaction. The better the opportunity to buy.
During FDR, people really, honestly believe the best days of America were in the past. A majority.
On the brink of our finest moment to that point, they thought we were over?
“Broadly speaking, liberalism emphasizes individual rights and equality of opportunity. … including extensive freedom of thought and speech, limitations on the power of governments, the rule of law, the free exchange of ideas, a market or mixed economy”
I'll tell you what happened
Jack_Savage Saturday, March 7th at 11:10PM EST (link)Reagan had enough time and political capital to reverse the policies of Carter. And your comment makes my point:
“What happened 10 years after Carter?”
Ten years? TEN YEARS?
Jack...
liberalrepublican Sunday, March 8th at 12:13AM EST (link)10 years?
Investing in securities is a long term deal.
By the way, the low was 577 in 1975. The year before Carter.
In Jan of 76, the dow was 975. In Jan of 77, the dow was 983. It went up Carters first full year.
When Reagan took over…
Jan 1980 the dow was 875 and it dipped to 785 by March of Reagan’s first term.
Jan 81 it was 965. It was 1286 at the start of his second term
“Broadly speaking, liberalism emphasizes individual rights and equality of opportunity. … including extensive freedom of thought and speech, limitations on the power of governments, the rule of law, the free exchange of ideas, a market or mixed economy”
For one thing
Jack_Savage Sunday, March 8th at 11:24AM EDT (link)The college savings for my kids won’t matter because in ten years, they will be in college, out of college and in the work force.
If you’re 16 years old, ten years isn’t that long. Most of us with money in the market aren’t.
The truth may be that Mr Obama has only himself to blame, but he never, EVER will.
USNJIMRET Saturday, March 7th at 3:01PM EST (link)And all the time that he and his minions will spend over the next months will do nothing to correct the core problems with the economy.
Which I am beginning to believe is actually part of his, or someones, plan anyway.
Then we throw out hm out come '12...
Xasteius Saturday, March 7th at 8:10PM EST (link)and the donkey he rode in on.
Don’t leave the party, hijack it back!
Eternal vigilance is the price of freedom.
When I grow up, I don’t want to be Reagan. I want to be Art Chance.
~Aaron Gardner
Obama's comparison.....
jazzycmk Saturday, March 7th at 3:13PM EST (link)….of the markets to a tracking poll was the height of arrogance.
It’s not surprising since he’s running his administration by tracking poll (supposedly every element of his pseudo-State of the Union speech was focus-group tested), however, no one loses his/her shirt if his popularity dips 10pts. When the market dips about 20% as it has since his inauguration, it has real consequences.
jcmk
“90% of people don’t care about your problems…..and the other 10% are glad you have them” - former football coach Lou Holtz
Random drug Testing for Senators, Congressman and Administration
bobojake Saturday, March 7th at 3:18PM EST (link)I think it time oi put in random drug testing for all government employyees. It seems to work real well for all the hard working middle class Americans as Semi-Truck Drivers, etc. Government employees including the Adminstration should be held to the same high Standards. God Bless America.
We can’t stand many more mistakes by this Adminstration.
Just for info....
USNJIMRET Saturday, March 7th at 4:47PM EST (link)members of the military have been subject to random drug testing for decades!
And all of them are ‘employees’ of the Federal Government.
Only those employees who actually make the rules the rest have to work under, are exempt.
I’d name their organization, but I figure that almost everyone already knows who they are.
<font color="Azure">Perhaps Geithner didn't really cheat on his taxes...</font>
6eorge Jetson Saturday, March 7th at 3:19PM EST (link)but rather, like each and every one of the 17 appointments he’s supposed to make, he just didn’t have the wherewithall to complete the task.
Hold off on that Mammogram for 10 years
IMHO just another piece of BOs plan
djemi Saturday, March 7th at 3:40PM EST (link)I mean BOs not just a telepromter facist he is also a raving left wing nutjob and as Clinton said the other day in Brussels ‘can’t let a good crisis go to waste’. I can’t help noticeing that BO has appointed a bunch of former Clinton aides, But BOs not a centerlist he’s a raving left wing nutjob, so why appoint poeple from the center, why else but too throw them under the bus and as you piont out “there’s always more room under the Obama bus”. BO then gets to appoint all of his raving left wing nutjob freinds having just driven the bus over the center Why else would you behave the way he has towards our allies and our enermies, towards the economy (Stock market = Tracking poll, WHAT the F###) and towards a private citizen?
“If I can’t shoot rabbits,then I can’t shoot fascist”
“With age, comes Wisdom, but only if you are paying Attention, son” my ‘Old Man’
RS Help files (h/t JLenardDetroit) Grassroots in Michigan
Moes Strategy
I'm not so sure.....
jcheney Saturday, March 7th at 5:08PM EST (link)…..that the “centrist” Clinton administration should be given so much credit. When Bill Clinton first took office he made enough mistakes (along with his Democratic controlled Congress) to get a Republican majority back. Newt Gingrich created “A Contract with America” and some good things got done. Clinton got credit for that. The “distraction” of Monica Lewinsky caused Clinton to falter toward the end of his administration.
For whatever reason, Clinton’s legacy is that he had a surplus when he left office. The fact is, Bush inherited a recession and there was no surplus. Check out Craig Steiner on “The Myth of the Clinton Surplus.” http://www.craigsteiner.us/articles/16
All that said, my own conspiracy theory is that Summers, Volker and the rest are shaking in their boots right now. They ended the Clinton administration with positives (even though I don’t think they really deserved it), and now they are in the midst of the biggest disaster in history. Their names will be written into history as the co-authors of this mess. My guess is they are out before the year is up. Just a guess.
Nation Votes NO CONFIDENCE for this Administration
Ron Robinson Saturday, March 7th at 3:50PM EST (link)Not just because of the policies, but because of the people involved.
The gang of incompetents and tax cheats is having its affect, not just on the markets, but on proposed administration workers and every other observer.
Three of them withdrew their names this week - one from consideration as Surgeon General, and two from posts to assist Geithner.
I think future withdrawals will reveal that fewer and fewer wish to have their reputations tarnished by being a part of this administration. After all, they will only get to serve for a year or two before they must begin their next job search - because everyone know now that this is a 1 term president.
Collectively, judging by policy, who is in, and who is out, and who refuses to be considered, I think within a few weeks the overall decision will be NO CONFIDENCE (albeit a parlimentary, not a republican concept).
________________________________________
Ron Robinson
e-Commerce Exec at 800Cart.com eCommerce who blogs at watchcenter.blogspot.com For over 15 years, his firm has assisted over 10,000 small merchants to quickly and easily ’self serve’ their businesses to e-commerce prosperity.
Clinton and Barack both said: "Never miss the opportunity from a good crisis".
Rod_Patrick Saturday, March 7th at 4:00PM EST (link)MSM Reaction: “Oh, Yeah!”
Funny
djemi Saturday, March 7th at 4:13PM EST (link)How about this one
http://www.bloomberg.com/apps/news?pid=20601086&sid=aB6yw1ihGZ2k&refer=latin_america
“If I can’t shoot rabbits,then I can’t shoot fascist”
“With age, comes Wisdom, but only if you are paying Attention, son” my ‘Old Man’
RS Help files (h/t JLenardDetroit) Grassroots in Michigan
Moes Strategy
Is anybody surprised, really?
Steph C Saturday, March 7th at 4:32PM EST (link)Since the inauguration, almost everything he has done is the opposite of the promises upon which he campaigned. Why should Wall St. and the economy be any different?
Furthermore, a disproportionate number of those big companies getting bailed out were heavy Democrat supporters by donations. opensecrets.org is such a neat place, at times like this. If I wanted to be snarky, I’d point them and say that’s proof Democrats don’t know how to run a business, but I’m above all that (she says, tongue in cheek).
And all the while, Obama is telling us little people we should invest, not stuff our money in mattresses, and this little person is sitting here wondering why I should since I’d never see a penny out of it because it will go the way of all the billions already poured into the black hole. I’ll stuff it in the mattress and wait for investor friendlier times, thank you. The government has already gotten enough money from me and everyone else, too.
“[I]f the public are bound to yield obedience to laws to which they cannot give their approbation, they are slaves to those who make such laws and enforce them.” –Candidus in the Boston Gazette, 1772
Hillbilly Politics
This cris was "generated... said Biden
Fernman Saturday, March 7th at 4:56PM EST (link)“Mark my words,” the Democratic vice presidential nominee said”it will not be six months before the world tests … Remember I said it standing here if you don’t remember anything else I said. Watch, we’re gonna have an international crisis, a generated crisis, to test the mettle of this guy.”
I begining to believe that Wall Street was the crisis Biden was talking about… a “generated” crisis to minimize the influence of Wall Street and increase dependence on government. I am not surprised to hear that BO will need to break a few eggs to make his omelette.
Fernando Caballero
Here’s a Latino that will never vote for McCain… but I will vote for Sarah Palin and her running mate.
No, I think the success of Obama's agenda relies on his ability to destroy the market.
Praying Saturday, March 7th at 6:17PM EST (link)“So Obama recognized that the success of his agenda rested to a significant degree on his ability to convince Wall Street that he understood the market, and had a plan they saw as workable.”
Gotta keep the nation in the state of crisis. Crisis, crisis, crisis, which only the government can save us from. More government. More regulations. More control. It was all a plot, a scheme. I would not be surprised to find out in the future that Obama and George Soros planned the whole thing to orchestrate the largest shift of power and control from we the people to the liberals in charge of government in the history of our nation. Obama never had any intention of understanding the market, and he never intended for it to be workable. A functioning, successful market would only stand in the way of him implementing his communistic policies.
Join the RedState Strike Force
’ve got to pay some attention to market psychology
anotherindyfilmguy Sunday, March 8th at 9:40PM EDT (link)If he was really paying attention he’s shut up and have his “team” announce they were focusing foreign policy instead… and stop trying to kill the US from within… unfortunately he probably is paying attention and very, very smug with himself…
No, no! Uncle! Uncle! Anything but him focusing
The_Gadfly Monday, March 9th at 1:18PM EDT (link)on foreign policy!
At least the stock market cratering is only costing us money and increased suffering, not death and physical destruction! This kind of leadership in foreign policy?!?! No, I don’t even want to think about it.
Yes, the Brits were offended, but being British, they’ve been keeping a stiff upper lip about it. And once we’ve got a real American for a President again we can apologize profusely and appropriately and maybe shore things up again. I mean, they got over that whole Revolution thing, surely we can overcome a dinner snub.
We’ve been called racists enough now that it shouldn’t bother us any more.
-AChance, http://www.redstate.com/moe_lane/2009/11/03/what-men-may-do-we-have-done/#comment-24463
If NY23 was a beat down for Conservatives, what do you call what happened to Progressives in NJ and VA?
inspired by ColdWarrior, http://www.redstate.com/hooah_mac/2009/11/04/ny-23-the-agony-of-defeat-not-so-much/#comment-156
5555!
Rod_Patrick Monday, March 9th at 1:23PM EDT (link)Let the O plays with the market, tax, etc.
…. never allow him to play the balls of Iran, Syria, Cuba, Russia, Afghanistan, Venezuela, etc.
Geez…. we’ll never know what will become of us even by just one single mistake.