Skip to comments.Hillary Loses Nomination Dow 12,604 - Today Dow 7,343. (Hope & Change)
Posted on 02/20/2009 9:53:56 AM PST by Frantzie
Back when Sen. Hillary Clinton was just starting her campaign, top aides and advisers had a ready answer when asked if she could win the presidency.
(Excerpt) Read more at abcnews.go.com ...
Hillary was out of it around the beginning of June 2008. She got mugged and robbed by ACORN at the caucuses. Since then it has been down down down.
A few little rallies or flatness on the hopes that McCain's poll numbers would perk up. A tiny rally a day before election day hoping against HOPE (and CHANGE).
Anyone with a brain, minor IQ or a business has ZERO confidence in Zero.
Hope everybody who voted for “change” are happy now.
Obama got the hope, and we’re left with the (pocket) change.
Just since Election Day, the Dow is down 2,400. Hope, anyone?
Please note the ABC News story was just used to show the date she left the race. ABC did not write a story about the Dow. I should have tagged this as a Vanity post. The point is the markets were not scared of her. She was a lefty but a known quantity. McCain is a RINO but not a huge threat. The markets know Obama is a marxist.
At this rate the DOW and the number of Bill’s “indiscretions” should intersect sometime in the spring of 2012.
7291 and going down.
Makes me want to spit a foul taste from my mouth, but at this point I would much rather have Hillary running things than Obama and his idiot sidekick Biden.
Yup that is what the markets were thinking too. I loathe Hillary but as soon as she lost the nomination - the markets went into semi-panic mode over the prospect of O.
As it drops - Obama will push for more marxism.
I hate to say this, but I miss President Clinton.
Right. Rush is, even as we type, describing this as part of the grand scheme. (God save us!)
I’m convinced the problems we’re experiencing today are not the result of Bush’s policies, but do result from Obama’s inevitable winning of the Democratic nomination combined with the fact that the Republicans never had a strong candidate. I also think they’ve worsened since the inauguration as a result of Obama’s negative rhetoric... there’s been only negative talk regarding the producers. The only positive rhetoric that’s out there is how much he’s going to give to those who haven’t been producing. It’s no wonder the market is in a tailspin.
W takes office the Dow is 10,578, W leaves office, the Dow is 7,949.
These are people who giggled when I used the word "Socialist" and who, despite being primarily caucasian, would leap to accuse Governor Palin of racism for suggesting that she might reject some of the stimulus' funds.
I keep an eye on the DOW for no other reason than it provides a snapshot of the country’s economy. It also tells me what Wall Street thinks of Congress and the White House. They can say what they want, but it appears to me that Wall Street is looking at the Pelosi-Reid-Obama team as the three stooges revisited.
And you can think what you will about this economic mess being Bush’s fault, but it’s just not so. The housing bubble started to bloat with Fannie and Freddie years ago. Kept getting bigger and more bloated. Then, like all other bubbles, it burst. And when it did, the credit markets seized in this country.
If you have any certainty about where to place the responsibility of this economic mess, go back a couple of years to when the Democrats won the mid-term elections in 2006. What was the DOW doing then?
I’ll give you a hint. It was at 12,200 in November 2006. (http://en.wikipedia.org/wiki/Closing_milestones_of_the_Dow_Jones_Industrial_Average)
That was when Pelosi was running around arrogantly crowing about the voters giving Congress a mandate to change things.
Well, they changed things all right. By November 2008 the DOW had slipped down to 7,552. (http://latimesblogs.latimes.com/money_co/2009/02/dow-new-low-aft.html)
Don’t think for one minute that deficit budgets are good for the economy! Not only that, but every year for the past several decades, Congress has exceeded the budget requests of the White House. With the exception of those years when Clinton was president when the Republicans had control of Congress. In those Clinton years, the budget request was not exceeded.
So how do we get out of this mess? For starters, we have to reduce spending. All the way back to a balanced budget. We cannot spend our way out of this economic mess.
And the White House and Congress may not have noticed, but the middle class voters/taxpayers in this country are becoming more and more furious about these multi-billion dollar pork barrel spending bills that are rewarding people who don’t pay their mortgages, and are paying for programs that only benefit the political buddies of congressionals. You know the ones — they supported the Democrats in the last election.
Like salt water marsh mice out in Pelosi’s neighborhood!!??
November 2010 will be here before you know it. Time to send Pelosi and Reid packing and get some Republicans in there who know how to make an economy work right. And to put a stranglehold on the White House spending sprees.
Great job! Note the little rally before he locks nomination - this is where I think Hillary said she was not giving up.
The Bush-Paulson panic was caused by hedge funds and offshore sources crashing stocks and pulling $550 billion in money markets at once. Also during that October slide - O’s polls number versus MciCain kept going up.
Look at that little rally leading up to election day. That was McCain closing the gap in a FEW polls. Going into election day - the market held out “hope” that Mccain could still pull it off.
If we do not get a case to SCOTUS on the BC soon then we are toast. The only other positive would be if the Repub in NY state wins Gillibrand’s seat in the special election next month. If he does - the blue dog dems might be frightened enough to stop driving us off the cliff at light speed with O.
What was it’s low following 9/11?
I expect Obama to take up violin lessons soon. That way he’ll be able to fiddle while America burns. Just another narcissist at the helm that will bring destruction to this country as in past history narcissists have done who have led and followed the same path and principles as Obama. And in all these years...through Hitler, Stalin, Saadam, Castro, etc. people still haven’t learned not to believe in/support the lies of someone who obviously is emotionally weak, a professional liar, and a self-centered egomaniac with NPD.
The stock market discounts the future. This is investing 101. To simplify for even you MoonBat - the market looks ahead into the furture by 6 to 12 months.
The market is no longer Bush’s going into an election.
The Dow was at 9,605 on 09/10.
Down about 5000 since the market realized, in September, that Obama was going to win. It will go down every month Obama is in office.
Obama is following the same strategy W did for eight long years as part of his "new tone in Washington." He let Congress write a piece of crap spending bill, and promised to sign whatever 1000+ page testament of corruption hit his desk. Obama is no better or worse than W on the economy. If anything it is W's third term.
This is far far worse. If you think it is the same then you need a clue.
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.