Posted on 03/02/2009 1:05:06 PM PST by anonsquared
One truth about government interference with the market...they can always take a bad situation and make it worse...
Wrong. You are falling into Obama’s crsis nonsense.
Socialism. He is about 5 x worse than Carter. He is Mugabe and Chavez. The market is discounting that there may not a Constitution left.
“I don’t think Obama could get enough states to sign onto the Amendment.”
Well... What about the “golden rule” (”He who has the gold makes the rules”).
With so many states clamoring for fed aid, you don’t think he could get them to do whatever he wants?
I know I’m a pessimist, but I frankly expect changes to our constitution before he’s through. Think “Right to health care” or “Right to employment”, etc...
Obama Meltdown Continues
Pray for America, Our Troops and obama’s Failure
short of a full blown revolution what can we the people do legally to stop what is going on? impeachment would involve the current house and seate would it not? and if so that would never happen with the idiots controlling both. tea parties aren’t going to get us anywhere. so i ask what legal proceedings can be brought?
You mean to tell me that if Obama had come out and said he was cutting capital gains taxes and income tax rates the market would have fallen regardless? I don't think so.
that would be a really quick way to get secession started and having state repudiate their debts.
that would be a really quick way to get secession started and having state repudiate their debts.
Agree with a lot of that but his additional taxes and massive debt ridden spending will only serve to further restrict the resources of the private economy. The market is, at least partially, reacting to his anti-growth plans.
Cavuto just showed a montage of our Liar-in-Chief declaring “no earmarks”.
There in part is why the markets are falling - LIES, LIES, AND MORE LIES!
Yes. Hannity said $100 per pound steaks.
He would need 37-38 states. I can’t imagine him getting that many. Regardless of bailout or not. Hell, states are already trying to assert their 10th amendment rights.
GET A CLUE PEOPLE! I've said it countless times: DC is going to show NYC hedge funds & SV venture funds how it's really done. They're gonna get a 10-20x banger with $trillions of free credit deployed.
You have to hand it to them, it really is a master stroke. Instead of the normally messy activities associated with nationalization/confiscation, like shooting people, gulags, etc, they're simply going to acquire the means of production by purchasing them!
The rest of the country likes socialism! Jeez, how long will people continue to deny this fact? He’s got a 65%+ approval rating - they want .gov to buy up the means of production (with your money by the way) so as to control income (jobs) and wealth.
Btw, Denninger is the saddest creature of all. He was convinced Hussein was a reform candidate who would come in and prosecute corruption. Little did he know that Hussein tailored his H&C message perfectly in order to get into position so as to leverage a pre-existing corrupt government to further his communist agenda.
Gotcha and I agree.
Motives? I’m starting to wonder if the market meltdown was orchestrated to keep the baby boomers from being able to retire. Gotta keep those galley slaves rowing!
I’ll borrow that ‘compound stupidity’ phrase, and compliment you as I do.
I’m not sure the free fall would have happened if they’d have taken different courses of action earlier on, and with policies that had the effect of completely destroying confidence in the markets.
We may be on the verge of capitulation.
I remember telling colleagues that 7900 would be an evaluation point to reenter the market. We’re know 1250 below that mark, and there’s no way I’d get back in right now.
At this rate, we could be at 5300 by the end of March. I can’t believe I’m writing that. I was hoping against hope the market was going to dip one more time down to 8200 so I could buy back in. It was cycling between 9500 and 7800 for the last year or so. 6750 and I don’t see a bottom. Original funding for the Iraq war was 80 Billion and the left had a cow. Now AIG loses $61.6B in a QUARTER? $30B lifeline doesnt’ seem all that helpful.
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