Posted on 03/07/2009 12:54:13 PM PST by maccaca
Barack Obama won the U.S. presidency on a campaign that was all about hope. Six weeks of missteps and relentless market declines later, investors are wondering where the hope has gone. Despite a late-day rally that pushed U.S. indexes higher yesterday, the S&P 500 still lost 7 per cent this week, while the Dow Jones industrial average shed 6.2 per cent, making it the worst week yet in what has been a very bad 2009 for stocks. The U.S. market had fallen in eight of nine weeks in 2009, wiping out about one-quarter of the market's value since the year began; Canadian stocks have also been battered, losing 15.5 per cent in the year to date. "We've noticed that every time a politician starts to talk, the market starts to fall," said Bill Ryder, market strategist at Riverfront Investment Group, an advisory and fund management firm in Richmond, Va. "Things are dragging on so long, nothing's happening, all we're getting is rhetoric." For many investors, it wasn't supposed to be this way. The year began with optimism that Mr. Obama's administration would act swiftly and decisively to restore order and confidence in the financial system, and inject life into the struggling economy. Instead, investors' faith has been shaken by delays in getting people and plans in place, a lack of detail on policies needed to rescue the floundering banking system, and occasionally mixed messages from the Obama administration. And while many may have voted for Mr. Obama with their ballots in November, they're now voting against his early performance with their money, as they pull more of it from the market with each .
(Excerpt) Read more at theglobeandmail.com ...
I can’t stop to think that with all of the turmoil happening and Obama continuing to incite fear and panic that the terrorists will use this time to hit again. I just have a 6th sense they are planning something.
And his administration is becoming the laughing stock of the diplomatic world ...
I’d love to see Congress defeat an Obama bill and have the market instantly rebound. That’s the message these imbeciles need.
only his followers find nothing to laugh about. They still take him (and themselves) seriously.
If I didn’t laugh at the entire mess, I would be in my room crying all the time. WHat a bozo the idiots have elected.
bookmark
O ne
B ig
A ss
M istake
A merica!
I have HOPE! HOPE that the day will come when we will hold all resposible for this despicable deviant attack on our American capitolist system. CONFIDENCE IS ALL THAT IS NEEDED, WORDS, PLAIN AND SIMPLE AND THEN ACTION, AND HE AND THEY REFUSE! Our retirement, savings, college for kids, and life long investments are pretty near lost. WE need CHANGE and this will come in 2010 provided we all stick together and not fall victim to government handouts, lies, promises and word trickerey! When he or they speak read between the lines!
Bull! It was all about socialism. He told us he would do what he's doing. The RATS told us they'd do what they're doing. Idiots who bought into the hope lie are, well, idiots.
>>And his administration is becoming the laughing stock of the diplomatic world ...<<
In all seriousness, that is absolutely true. He is a laughing stock to anyone who has even a cursory understanding of presidential politics, with the exception of those who drank the kool-aid.
But we are learning the effects are not permanent. I am actually concerned that he could be “offed” by the democratic party or others close to him, as some theorize Kennedy was.
Dead serious here.
Which is why they went after Joe the Plumber so hard. Joe was the child who told us the emperor had no clothes.
“I can’t stop to think that with all of the turmoil happening and Obama continuing to incite fear and panic that the terrorists will use this time to hit again. I just have a 6th sense they are planning something.”
Yep, me too. With the economy already in the crapper, a 9/11 sized event would put the final nail in the coffin.
But what puzzles me is why these journalists write with the assumption that the Kenyan wants the economy to improve. I believe he’s out to destroy it so as to remake it as his dreamed for collectivist utopia. The Cloward-Piven
strategy looks like it being played out perfectly.
You mean that like King, more useful as a martyred hero than as a living presence?
Just look at what we would face:
Seeing what the following people are like, there wouldn't be any difference if Obama disappeared Monday.
1. Vice President of the United States 2. Speaker of the House 3. President pro Tempore of the Senate 4. Secretary of State 5. Secretary of the Treasury 6. Secretary of Defense 7. Attorney General 8. Secretary of the Interior 9. Secretary of Agriculture 10. Secretary of Commerce 11. Secretary of Labor 12. Secretary of Health & Human Services 13. Secretary of Housing & Urban Development 14. Secretary of Transportation 15. Secretary of Energy 16. Secretary of Education 17. Secretary of Veterans' Affairs 18. Secretary of Homeland Security
Bull! He told us he would do what he’s doing. The RATS told us they’d do what they’re doing. Idiots who bought into the hope lie are, well, idiots.
Exactly, where is the surprise??
“Talking Down the Economy.”
Is Obama the best the leftists have to offer?
Seriously, why this obvious dufuss, and not someone sharp and impressive that could have seriously fooled people and played the part?
He’s already wearing thin. His entire administration, if you can call it that, is a side-show.
Are we seeing ineptness by design?
I know this isn’t very well stated, but I think about it a lot.
I think that 0 might respond with martial law.
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