Posted on 11/21/2008 6:47:19 AM PST by rightinthemiddle
But...
But...
But...
I thought EVERYTHING was going to get BETTER as soon as the Messiah was elected.
I have to say, I’m feeling just a little bit disillusioned right now.
;^|
The real culprits are the Gang of 535, or most of 'em at least. They set the conditions for what we are currently going through and they continue to add to that mess, seemingly with every passing day.....'course, GWB's veto pen is mighty moldy.....
It’s even harder to get anyone on FR to admit that this is W’s mess.
Mortgage credit as a civil right was pushed by the Democrat Party. They own this meltdown.
Why would anyone want to invest when you have a Marxist President that wants to raise our Capital gains tax. It’s better to invest overseas, and if you are from another country then its better to invest where you get more bang for your buck. Of course the media will NEVER admit this is the reason why.
Welcome to the Obamaconomy. It’ll only get worse once these fools take office and do all the things the markets are worried about them doing. This time next year, the Carter years will look like the good old days.
Welcome to the Obamaconomy. It’ll only get worse once these fools take office and do all the things the markets are worried about them doing. This time next year, the Carter years will look like the good old days.
Yes.
this is asinine. The Dow is in the toilet because the economy is in the toilet. The Dow has steadily dropped all year, but in September it began taking catastrophic dives.
If McCain was elected, the situation would likely be just as grim. If Bush had 2 more years the situation would be grim. It has little to do with the election or policies not enacted yet by a President who hasn’t taken office yet.
To blame this on an election is basically saying the market and democracy are incompatible, because wall street will throw a hissyfit if their agenda and their people aren’t elected.
Market was insane to begin with Obama or no Obama
It went from 2000 to 14000 in how many years ?
Bingo!
When Bozo is sworn in I want my PIE, My 401K repaired and My tax break!
All his anti-capitalist (Marxist) rantings have wall street shaking in their boots.
there is plenty of blame to go around but anyone that doen’t think that the obama election further acerbated a bad situation is a fool or a liar...
Bush didn’t help but it is much more than just his mess.
He is picking people for his cabinet, and already has in place a Congress that will support and push through his agenda.
The only hope for blunting it or slowing it down, and that is only if the US Senators would stand up (which is a very iffy thing in and of itself) is if the GOP can maintain 40 seats, and this is now in serious doubt.
So, yes, the market is nervous and running away from investment under an OBAMANATION ADMINISTRATION
Boy, I can’t wait for Emperor Clouseau’s coronation in January. I’m sure glad I’m in the habit of picking up pennies that I see on the sidewalk.
Now, if you’ll excuse me, I’m going to go to the store to put a can of pork and beans on layaway for my next Xmas dinner.
The market and Democracy are incompatible. You need only look as far as what is happening in Detroit to the "Big Three" to see clear evidence of this fact. Simply because a majority of a group of people think the market will accept their product, regardless of quality or cost, does not mean that the market will find that product acceptable.
I, for one, am very thankful that we do not live in a Democracy.
Federalism ain't dead (yet)....
_________________________________________________
There will be no tax revenues to pay for that change.
I for one am hoping for a deep recession verging on depression. I want the pain. I want all the idiot young white and idiot white boomer bambi-voters to feel it (the idiot black voters are beyond help). Anything less would mean two terms.
I say bring the pain....save the country.
But he’s done something about the rising sea levels, hasn’t he?
Who cares about the economy, as long as he rolls back those waters like he promised, I’m OK with him.
“The market is clearly nervous about Obama and the Dems.”
The day before the election the market had cautious optimism that McCain would win. With Obama the market immediately started dumping.
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