"The dreadful policy proposals will continue until the market rallies."
Posted on 03/05/2009 7:20:14 PM PST by MindBender26
I would ask my fellow FReepers' indulgence with this naked vanity post.
It's time we all realized something. Wall Street's plunge is not about GM, Chrysler, Citadel or any other individual company.
It is not about any group of companies or any sector of the market.
This is about Obama. It is the investor's realization that Obama does not have even most elemental set of skills to manage the economy. None of those around him have the skills, experience or wisdom either.
Stop and think; if his advisors couldn't get their own taxes right.... or weren't smart enough to hide their own tax cheating, how could they ever begin to manage a national economic system?
Worst of all, behind closed doors, are investors beginning to ask, what if Obama wants to destroy America? What if Obama and those who have supported him for 30 years intend to destroy America?
In 45 days Obama has wreaked more havoc on America than a dozen 9/11s. To kill this country, they don't need Al Quida, the Taliban, one bomb or even one AK-47. All they need is one man.
Remember the movie "Rollover?"
What if this all isn't a natural economic function...
What if it is all on purpose?
The stock market thrives on hope, real hope, and crashes on the lack of it. This began last fall when leading investors realized Obama might actually become President.
How much hope can there be when the one at the top is praying... or preying... that we lose.
Of course, there is no chance that this could be Obama's plan.... is there?
Is there?
NOT!
I’ve believed that all this economic mess was intentional since last September when things first started to hit the fan.
The media lies. The down down down days are a vote of ZERO confidence in you know who. GM, GE, Banks and chrysler are a side show.
Obama is the Anti American. While America burns he fiddles with teleprompters and wisecracks.
The market reflects confidence and stability.
what if its all about the us government killing the country.
It’s important to note that the market reflects the collective decisions of millions of investors.
The market isn’t Democrat or Republican, liberal or conservative. The market isn’t political. The market is capitalist, and reflects decisions people make as to how to invest their money.
And the market reflects investors best predictions about the future. The market has plunged almost 3,000 points since Obama’s election. There is a lot of uncertainty and doubt among CAPITALIST investors, who are watching a socialist leaning president do things that aren’t helping the economy or the business climate.
I don’t think anyone realizes that the US job market has been gutted and everyone already has enough Chinese Dollar Store vases so they are just not earning and therefore not spending.
Great post, but most here realized this 2 months ago. Rush and others have been all over this.
See you at DJI 3,000 coming soon.
I think it is some of each. They will continue to throw money down the toilet and regulate other companies into the same condition. I also think it is a planned Cloward-Piven strategy to create the crisis, blame it on capitalism and cure the “problem too important to waste” with the same cure they want for the orchistrated crisis of global warming —— Socialism.
"The dreadful policy proposals will continue until the market rallies."
For me, this is all willful destruction of America - Bush & the ‘Pubs were no saviors, but Obama and his minions are taking us totally to the Dark Side at twice the speed of sound. I am trying to see the glass more than half full, however. I still have a job. I can pay all my bills. And I have read The Shack.
I believe it is intentional and has been from the time he locked up the nomination. His handlers plan to wreck and remake America.
Kinda like the cartoon I’ve seen before: “the beatings will continue until moral improves!”
I think you are right. We thought it, but in many cases were unwilling to admit it even in our darkest thoughts.
Now, it is obvious.
Welcome to the party pal!
Doug, please see #16
Reluctantly, I wonder the same thing. I'd love to be mistaken, but Marxist Obama's every action and statement gives me little, you know, "hope".
Stepping back a bit. If, hypothetically mind you, a Marxist/malignant narcissist wanted to take over and control a country, that country could not could not have a thriving economy.
And, if such a despot wanted to keep control (confiscating freedoms and rights along the way) that cynical and evil person would necessarily need to keep the people desperately poor and wanting (and blaming a straw man, such as Dubya or capitalism).
You would hear no realistic long term growth plans from such a person, because there would be none (other than to spend the country into oblivion before the true believers came to).
Again, I hope my concern is completely mistaken. Feel free, anyone, to show me my errors.
.
The question is, do we let him and the people he represents carry out that destruction without so much as a whimper?
I think we’re all thinking that. :)
I take comfort in God’s sovereignty. Of course I have a couple of weapons, an education, and am willing to do what I have to do to survive...even if that means leaving America.
I am not going to be someone’s slave. But I also am comforted in knowing the saints of the past faced much worse than I have...and no matter what happens Hussein is not in control.
“they can kill your body but not your soul...”
I think it is his plan.
Your posts are not unlike the old E.F. Hutton commercials IMO....you post I listen !
We have same opinion as to reason market is falling. I refuse to invest a dime with a socialist democrat administration and congress conducting seditious acts every minute of the day.
Thanks MB26 !
Us: We as a people have been, by and large, seduced by cheap imports, early/generous retirements, high living with high leverage on our homes, our cars and our Credit Cards. And why not - We are every minute of every day told this is ‘Normal’. Lifestyles of the Rich and famous, Glorification of ridiculous levels of consumption, and on and on. This has gotten to the point that the ‘Takers’ of Society, the ‘Entitled’ outnumber the ‘Producers’ and ‘Savers’ and they have put their man in power under the false assumption that he and his cohorts will extend the entitlement on forever. Of course, they are wrong and they are about to be taught a very tough lesson, IMO.
US: In many ways the conduct of our Monetary and Fiscal Policies mirrors the encroaching Morays of Society at large and our Leaders have adopted the Borrow Now/Consume Now - Pay Later mentality. They have also done their best to destroy personal initiative and have used the Tax Code very skillfully as a tool of Social Engineering, rewarding certain desired activities, punishing others and bestowing irrational benefits on those well-connected enough to employ Lobbyists or make contributions/finance vacations, etc.
Well, as they say, the Party is over and the Bill is coming due. Many will find that an Economic Contraction can proceed much faster than a Deficit Fueled/Debt supported expansion and that is where I think we are at the moment.
Could write volumes about this. In fact, I've been saying this would happen for several years now and thought I must be crazy or the rest of the World was because it kept going far longer than I could have imagined.
So, for now, the Party is over and millions of Americans are going to join the ranks of the responsible. They will have no other choice - That is unless Obama buys a little more Party Time by sucking the productive to keep the Music going - But that will only delay the reckoning and make it all that much worse.
Sorry for the length and rant.
Dan "the Man" Rather's best ever quote.
The Shack?
I’m not a big fan of vanities. This one I like
Obama NEEDS the economy to be in the tank in order get his socialist agenda passed. The LAST thing he can afford is for the economy to start any sort of rebound before Congress can do its thing.
Notice how some stories have been totally spiked: retail sales were actually UP in January.
I’ve seen some stories that are now trying to say that this “recession” began in December of 2007. Nonsense. A “recession” is actually defined as two successive quarters of real GDP retraction. As of the 4th quarter of 2008 this hasn’t happened even yet.
It may be happening now. But that’s for another discussion.
There have been many here, including me saying if he won the election the markets would behave the way they are now.
But I hate to be right in this case.
It doesn’t matter who is in the WH, we are headed into a world wide depression that no one can stop and it has nothing to do with the market except that it has to go down to levels where there is equity.
I would suggest that that will be somewhere below 3,000 for the DOW.
It won’t come to an end until the people living on credit and those that gave them credit are wiped out.
would an enemy of America do anything differently than Obama has?
Yes, Our Nero fiddles and burns.
We’re getting Obama’d.
And the market reflects investors best predictions about the future. The market has plunged almost 3,000 points since Obama’s election. There is a lot of uncertainty and doubt among CAPITALIST investors, who are watching a socialist leaning president do things that aren’t helping the economy or the business climate.
You're right. But market choices are reflecting a vote...
If you think this is only about Obama, then you need to see this, if you have dsl or broadband. That goes for everyone here who thinks the current financial collapse is just about Obama.
http://www.ritholtz.com/blog/2009/02/the-short-and-simple-story-of-the-credit-crisis/
This began last fall when leading investors realized Obama might actually become President.
How much hope can there be when the one at the top is praying... or preying... that we lose.
Of course, there is no chance that this could be Obama's plan.... is there?
No, there is no chance that this is Zero's plan.....he is just the front man, the puppet. There are big guns behind him who have the power and money to create this destruction and have been working toward this for years. Zero told us in now uncertain terms that the plan was to tear down everything about America and remake it.
The foreign money behind 0bama want to see the U.S. destroyed. It is just a matter of time before they take out Citi and BoA for good...one coordinated round of naked short selling and those banks go under. Our economy is about to be crushed... Just wait until gas is back at $4 a gallon and the health care industry (one of of these decent parts of the economy) is effectively nationalized. The Chinese are on a global buying spree of hard assets...what do they know that we don’t?
Check it out - if you are a Believer, you won’t want to put this book down until it’s done:
http://www.amazon.com/Shack-William-P-Young/dp/0964729237
Obama is worse than what we need, for certain. but we were in big trouble. I think Obama is making it go down even faster.
2-3 months ago, when the Dow was around the 8,500-9,000 mark, I predicted a 6,500 Dow by fall. Well, we’re nearly there and March is just a few days old.
More families will be living together like the old days.
Re: “I think it is some of each. They will continue to throw money down the toilet and regulate other companies into the same condition. I also think it is a planned Cloward-Piven strategy to create the crisis, blame it on capitalism and cure the “problem too important to waste” with the same cure they want for the orchistrated crisis of global warming —— Socialism.”
********
I agree with you — conditions were ripe for Obama and his team to jump in and “cure” the problems too big to be squandered.
More and more it seems people are starting to “get it.” Now what do we do about it? Obama and pals are moving as breakneck speed to remake the US the way they want it. It’s time for many of us to stop shrugging and get in his way!
I believe more and more that 0bama and company want to destroy America as we know it. I believe that he can be stopped, and part of the reason is a flaw in their approach. The impression I get from reading about the Cloward-Piven strategy or Alinsky is that the intent is to bring down the system from the outside or by subversive means. Bringing down the house when they are in charge can lead to backlash against them, not some straw man or their enemies. They are wedded to their ideology, and their ideology does not apply in the same way when they are already in charge, and enough people are informed as to what is going on. This is where we come in. We cannot give in as if the triumph of socialism is a given. We must stand our ground and make sure that the blame and backlash falls where it belongs.
Helen Keller would have seen him for what he is. She was a socialist.
It’s like Obama and his administration is England, it’s 1776 all over again and we’re the colonists ... Join Or Die ...
The Chinese plan by decades..., we "plan" week to week!!!
I’m pretty sure we’re still deleveraging from the ridiculous real-estate bubble we ran up from like 2002-2007. Saying “OMG Obama’s been in office a month and the dow isn’t over 20,000 yet!!!?!?!” just makes people sound silly. This isn’t any more Obama’s fault than the tech bubble bursting at the beginning of 2001 had anything to do with Bush.
Everyone calm down, take a step back, realize the economy goes through cycles. We way overshot on the upside, we’ll probably way overshoot on the downside. Even if Ayn Rand was President right now, the economy would be doing just as crappy because we still have a fair amount of deleveraging to do.
People can have whatever reasons they want for the market drops. The fact is when the fundamental basics of the market start to improve, and they will start to improve, the market will take off like a rocket because there are some of the best bargains of a lifetime out there right now. GM at $1 a share? I may buy 1000 shares in the morning. Same with CITI at $1.
The market couldn’t give a fat rat’s butt about Obama or any other politician. The profit motive has no conscience and it has no politics. And financial survival instincts say stay the hell out of the market until the financial environment improves. And, it will improve.
Exactly. Everything is going as planned to destroy America.
The GOP and Juan McCain do not have a clue.
Yeah...but almost 64 MILLION people voted for him. He got the highest vote total in history.
It's like we're living in a Twilight Zone movie.
Good post!
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