Posted on 02/18/2009 4:55:21 AM PST by PurpleMountains
The stock market, as measured by the Dow Jones average, has dropped about 3500 points since Obama pulled ahead in the polls last October, and today, it dropped another 300 points as Obama signed his pork-stimulus bill. Investors, in dealing with their own money, are giving a clear message: this is about the most stupid thing we could be doing at this time, and the history of the period from 1932 to 1942 proves it.
It was the collapse of the monumental bubble in the housing market combined with an accompanying period when gasoline was selling for $4.00 per gallon that turned a gathering recession into a financial disaster not before seen in the lifetimes of most of us.
(Excerpt) Read more at forthegrandchildren.blogspot.com ...
It's telling us that investors are scared out of their wits about an Obomba character and his legion of 'helpers' running and ruining a great nation.
How could this happen?
Look to John McLame who was so damned unpatriotic that he limped through a campaign. Look To George W. who turned his back on the invasion from the South and, even more telling, is his callous treatment of our two border guards Campion and Ramos. He finally 'commuted' their sentences rather than pardoning them showing where his heart was....South of the border.
We don’t need another Ronald Reagan, what we need is another George Washington, Alexander Hamilton, John Adams.
There remains only one way to stop this Communist agenda.
You got that right.
We don’t need another A. Hamilton. He was a *central bank* lover.
We don’t need another A. Hamilton. He was a *central bank* lover.
Maybe we could add Andrew Jackson to the list.
If we don’t hang together we will surely all hang separately.
The stimulus money would be better served if it was used to guarantee inter-bank lending. Banks are afraid to lend, especially to each other overnight. Plus, paying interest on reserves only encouraqes the banks to hoard their money. This crisis has been ineptly managed by Bush, Paulson, Geithner, and Bernanke. When there was a concerted effort in September to break the Fed with massive coordinated withdrawals at the window, why didn’t Bush broadcast loudly and clearly that we were being hit with a form of financial terrorism? Instead, he just enabled the Socialists to take power.
What Is the Stock Market Telling Us?.........
Everyone is very nervous...
Policies implemented today will decide whether or not the republic survives the next 20 years intact.......
Problem is that who can fill that much vaulted position that our forefathers held?
Obviously we know what it takes and we have all seen the relentless and ongoing fusillade against people that threaten the Master Plan.
Look again everybody at what we value in leadership and again look at who was willing to accept that responcibility.
Makes me feel good that the one person I think is best to be a good leader has her family living about 11 miles from me.
And my little redneck hick town in Alaska still passionately support her. A real American “can do” town that can go out and kill its dinner without fear, can heat its homes from off the land, again without fear, is resourceful enough to prepare months ahead for economic turbulence and is fortunately isolated from invading “immigrants” with its own built in climate that forces weaker skilled individuals to vacate after their first taste of winter.
If you mean revolution just say it. There is nothing in the Constitution that forbids it. The American revolution was all about abuse of power by the political leadership. How could any reasonably intelligent person argue that we are not in the same situation today? In any case, a conservative revolution would, in fact, be for the very purpose of “preserving and defending the Constitution of the United States of America”—not destroying it.
I remain hopeful that that remedy may be avoided. I’m seeing push back to The Marxist Onada’s socialist agenda that I didn’t expect. However, with McBipartisan and Graham saying that bank nationalization should be on the table my optimism meter has seriously flagged.
The problem (as I see it is) that the ordinary working person (who did everything right) has lost a ton of money....FOREVER. We're not about to give up any extra money or fund our 401's anytime soon.
My buddy (age 60)had $100,00 put away for retirement (or his kids). It's now $15,000.
He went to the local bar and looked around...and thought...I'm just like you bums collecting welfare...except I've worked all my life while you sat on your .......
A. Jackson = *central bank* hater. Call the bankers, Vipers.
The Obama Meltdown Continues
Pray for America, Our Troops and obama
You’re right about Hamilton and the National Bank.
All of those great men are dead.
The closest man I see is Glenn Beck.
Fire at Will. (Not me). :)
The stock market is telling me the toxic mortages MUST have a principle write down in order to reflect the REAL value of the property.
Obama’s announced mortgage “plan” (sarcastic quotes intentional) is a joke in that it intends to preserve the inflated fraud values.
The obama mortgage rescue is a sham and obama’s handlers KNOW IT. There is no mortgage help. Obama is oblivious to reality and the market is voting with lack of investment.
The GOP better get a clue FAST.
These young punks who pushed obama will not have a job and insane amounts of student loans. GOP, RNC or just plain stupid party leaders better wake up and push the inroads.
I’m afraid you are right. It’s reached that level. We can’t vote our way out of this because there are too many uneducated fools with a voting registration card.
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