Posted on 03/02/2009 3:30:07 AM PST by TigerLikesRooster
Time to buy LEHMPQ or whatever Lehman’s bankrupt symbol is. Can’t go anywhere but up now. ROFL!!! Also Smurfit Stone in Chicago (SSCCQ) can’t go anywhere but up. LOL. Better chance than the lottery on some of these bankrupt companies.
If we want to win the next election in 2010 then I suggest we repeat the following to every Obama voting idiot you know.
What Obama/Reid/Pelosie should have done is as follows:
1) decrease income taxes
2) decrease fuel taxes
3) increase domestic drilling
4) increase refining capacity
5) decrease capital gains taxes to:
a. 0% for two years
b. 5% for two years
c. 10% for two years
d 15% for two years
6) increase long term capital gain/dividend losses from $3,000 to $5,000 for the next 10 years and
7) decrease depreciation from 30 years to 15 years.
Instead of growing the economy Obama/Reid/PelousyMousy shrunk the economy with their ideology. Because of them, unemployment will reach double digits. Never ever let them get away with this crap. Never ever forget. Rahm, Obama, Reid, PelousyMousy are responsible for the on coming Tsunami.
The Bush administration has plenty of blame in this debacle, but wary investors who paid attention saw this coming for a long time.
Obama’s nomination for President should have been the key signal for investors to exit the stock market. Obama’s doing exactly what he said he would do. The financial markets started crashing not long after they realized this dangerous Marxist metrosexual would actually have power with his democrat majority. Anyone who reads the news and had a sliver of intellectual curoisity should have figured out that the debt explosion, along with the insane real estate bubble would not have a happy ending.
My pension funds were in a fixed guaranteed account for the last six years and I was not hurt by this stock market crash. I feel bad other people have been hurt badly by this meltdown but they could have avoided it by informing themselves and thinking independently.
” And then what? He will have no revenues to reform America into his idea of Karl Marx/Daddy dreams. “
That’s just it — the core article of faith among the Liberal Children is that the ‘money sack’ is bottomless...
I just hope that I can look up from my subsistence lifestyle long enough to enjoy the schadenfreude, when reality smacks the little darlings in the nose....
My financial planning includes an allowance of $0.00 coming from SS in my retirement. Not that I grudgingly part with %15 of my income and like it being squandered by Washington.
If I knew my SS account had lost 40%-50% of its value, it would still be much more than I’m counting on under the current plant.
n00b, that has to be one of the most ignorant things I've read on FR in a long time.
Fixed.
Commies use AK-47's to build their dreams, faster that way.
Doesn’t your arrow also point reasonably close to the time Obama surged well ahead in the polls for good? Yes or no?
Look for a 5,000 Dow by the end of 2010. However, I expect that Lord Obama will “rescue” our pensions with a government takeover replacing what little we have left with government IOUs.
You’ll soon have lots of company.
being retired military and over 62 i now draw 2 checks from the federal govt and both are very much subject whims and vagaries right now. i have no faith that i will be drawing either within a couple of years.
BELOW 7000!
obamanomics
LOL!
Exactly. I have no debt, I pay in cash or, if I have to mail something in, with a money order, I have no retirement fund, 401k, I rent. And I’m happy most of the time.
Doesn’t mean I want to live this way forever, but I enjoy my books and exercising and walking and a pretty simple life.
Obama will find SOMEthing to take from me, I’m sure.
Let’s have the correction then old sport. Numbers. Links. Come on you can do it.
Post 58, sport.
Not fox business’s Alexis Glick. She was on Hannity’s show as a guest and defended her messiah(Obama) to the end. I am sick of her and will not watch Fox business until she is gone. I never thought I would see the day when I would choose an nbc product over a fox news product but cnbc has been right on the failings of the Obama policies.
No...it throws a "temper tantrum" because big bankers and the Fed are robbing the middle class blind.
Oh geez not the old U-3 (TomGuy’s “’official’ numbers” vs U-6 (your excerpt’s “total unemployment”) routine again. We’ve done that a hundred times.
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