Posted on 11/21/2008 6:47:19 AM PST by rightinthemiddle
Good news: Obama’s fault
Bad news: Bush’s fault”
Need’s fixing:
Good news: Obama’s a genius.
Bad news: Bush’s fault.
so the market peaked on oct 9th right around the time obama opened up a double digit lead in the polls, and 3 days before he told Joe the plumber he was going to “spread the wealth around” interesting...
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Read the post again, the market peaked in 2007.
Today's Investor's Business Daily did mention that lately the market has been 'unusually news driven', but the key word here is 'unusual'.
Normally, people run markets and people run politics, and it's markets (supermarket, fish market, stock market, flea market, etc.) that are a lot closer to people's core activities than politics. We see lot's of people who'll vote in a candidate to improve the economic situation, but not since 1918 Russia have I seen anyone change the economy for politics' sake.
Your right this bear market has been a long time coming. But Obama accelerated it because he is so secretive about his motives and plans, which are only revealed in unguarded moments.
See Barney frank and Chris Dud and democrat party remember when Jimmy Carter ended red line banking?.
Turnabout is, after all, fair play!
;^)
1918 Russia have I seen anyone change the economy for politics’ sake.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Well I am reading reports (which I am not in a position to either verify of debunk) of wealthy people pulling their money out of the stock market due to concerns about what Obama will do. Would you call that changing the economy for politics’ sake? I feel sure that there are business decisions being changed based on fears of an Obama presidency.
But these ultra liberal globalists would rather push the United States into a depression so they could institute socialism on a massive scale and get the United States under control visa-vis the rest of the world. A mild to moderate recession would feel like an awful depression to many of these kids.
Putin and AQ are waiting outside for bambi. As soon as he steps out of the WH they're going to mug him, throw him to the ground and violate him in front of the world. He will have to react. I believe he will fold like the sissy that he is.
Putin will be fighting China for the Caribbean and nobody in bambi's circle will remember the Monroe Doctrine.
China will set up shop (openly) in Africa.
IOW....the economy will not be his worst problem.
Two years of real pain could get us the House back. Four years gets us the WH.
With the maybe, possible exception of tax-free munis.’
Lots of muni’s are in trouble.
Loss of values of properties= lessening of property taxes.
Foreclosures= no one is paying the property taxes while it is in foreclosure, and beyond. If I am bookkeeper at bank and there is a 3 year window before county can seize property for nonpayment of taxes, I will advise bank owner to NOT pay property taxes until that window of time is expired, if bank still owns the property.
If the property is re-sold before the 3 years is up, the new owner has to pick up ALL the back taxes, so I am sure the bank is not depleting it’s cash reserved to pay the property taxes. They will pay the insurance on the properties to preserve the value of the asset.
Since the property taxes are being reduced or not being paid at all with the high percentage of foreclosures. Therefore, municipalities are not able tp keep up their budget outflows- and lots of the city-county=state programs that are on the books are ENTITLEMENTS that have no sunset clause. They will lay off cops and firemen before they will cease giving dance lessons to pwople in wheelchairs!!!
Therefore, the tax-free muni’s are in jeopardy, IMO.
Keep yourself in a bunker mentality. This mess is a long way from over. The unions have to give a big chunk, or IMO, the big 3 will be able to sell out to a new set of owners, and the new owners won’t buy the business with the existing union contracts.
The government needs to get out of the business of telling the car makers what they will build, etc.
“Dow Down 22 Percent Since Election Day”
And the DOW fell about 30% from January 2, 2008 through November 3rd, and 20% from September 1, 2008 through November 3rd. So what does that tell us?’
Nov 4 was the second trigger in an “over and under” weapon, IMO. ( Used to have a .22 rifle/.410 shotgun=over and under years ago.)
The first trigger was the meltdown starting with Indy Mac bank, and we have Chuck me Schumer to thank for that. That, tied with the exposing of the house of cards that the Feds/Democraps created with the Community Redevelopment Act of 1977 that had grown into mortgages for people who shouldn’t have bought a t-shirt on a payment plan. Investors started getting jittery then.
Nov 4 and NObama getting the nod from the ignorant voters was the second trigger. You pick which was the rifle shot and which was the shotgun.
Absolutely, and at the same time Obama is changing political decisions based on fears of a worsening economy.
My point is that when markets and politics collide, it's economic realities that eventually change the political realities. OK, it might take 70 years (Russia) or even longer (Saudi Arabia) but the latest news (G20 Summit Outcome Surpasses Expectations) is that even those two countries (along with China even!) have signed on to "a continued commitment to ensure that financial market reforms are in line with free market principles."
I know men that served under Carter and the Blow Job President. They served the country and not the man. One friend lost his life in Beirut under Reagan. So even though they may not "like" the CIC, when they raised their right hand it basically meant they are standing tall to protect and serve our country. Even sh#t heads like Murtha, Kennedy, Clinton and the rest of the quisling democrat party.
So McCain would still be the RINO he always was and he'd get the blame for what the democrat congress caused. Just like the Fanny Mae/Freddie Mac disaster. I've never seen more people put info down the memory hole than the support the democrats had for Fannie Mae and all the dems that had their fingers in that pie.
We have an ideological war between the socialist/communist/thugocracy and those that believe in a representative democratic form of government. Between freedom and oppression. Just look at the way libs on campus treat conservatives. Look at the blatant disregard for the rule of law in voter fraud. They don't even bother to make a pretense of theft.
It is what it is. Until an active minority of citizens say "enough" it will continue. Unfortunately the enforcement side of the federal government FBI/BATF/US Marshall/(insert government gun toting enforcers) has their retirement and health benefits locked into obeying "legal" orders.
That's why men can calmly look into a camera and "tsk tsk tsk" about killing the children in Waco, the Weaver mother and son and the infamous photo of a 6 year old Elian with the "kind" democrat party enforcers sticking a sub gun in his face and sending back to communist Cuba. Think about this, Elian's mother drowned trying to free him. The libs in Justice somehow were able to storm this house and send him back... but are unable to send back child molesters, murderers, drug dealers, robbers and rapists that are ADULTS and arrested or incarcerated.
That's the exact moment that I knew I could never support any program or action a democrat advocated.
They are the party of the quisling, the user, the parasite and the criminal thugocracy... and they are proud of it.
I'll do all I can to discourage my son from thinking of joining up to serve under the leadership of those rat bast#rds. Once he's in, he'll have to honor his commitment and hopefully do so with honor to his oath.
We are indeed living in interesting times. I've stated this once before but I can now get a sense of the citizens of Rome as they saw the Vandals outside the gate.
Okay, I’ll wait a few more minutes.
Amazing, I along with many others have remarked over the years that just as the rest of the world realizes that collectivist government policies lead to disaster and embrace capitalism the United States of America will become the new communist nation. I see no way to save this country without hitting rock bottom first. We have given the vote to the infantile, the lazy, the retarded etc. etc. and we are about to reap the results. Without voter qualifications and a system to guard against vote fraud the situation looks hopeless to me.
You pick which was the rifle shot and which was the shotgun.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Does it matter? Either the .22 or the .410 can be fatal and usually result in emergency surgery when not fatal.
“Mortgage credit as a civil right was pushed by the Democrat Party. They own this meltdown”
They own about 75% of it.
Unblinkingly.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.