I’ve been news deprived since 7AM and I can say I was shocked when I checked the market.
Why? Today was the largest drop for the Wilshire 5000 since January 20, 2009, the day Barry was sworn in as president of the United States. You do the math.
...Bernanke and Obama are out of [other peoples] bullets..
They foresee places for themselves as distributors of food and basic necessities to grateful subjects. And there is no limit to the favors they can demand of those subjects, in return.
We don't have it. We're printing it.
I'm laughing and crying at the same time.
Barack Hussein Øbama
Barack Hussein Øbama
Barack Hussein Øbama
It took Obama little more than 2 1/2 years to bring the market back to the same place it was just before he was elected. He was going to be the savior of the global economic collapse, and now he’s institutionalized it, with virtually NO way out. I’m stupified, and I can’t believe this much poetic injustice could be happening right before my eyes. THIS 513 point drop will be seen as the FINAL nail, or hopefully one-way screw, in the coffin of Obama’s re-election and hopefully will also spell the END of the Democratic Party. Yet they reference and blame it on Europe as if everything that happens there is happening independently when in FACT we’re helping to make it possible.
I googled it. It had 82,300 inquiry's.
The whole Congress and Senate are AS STUPID AS THE CAST OF GILLIGANS ISLAND?
JUST IMPEACH the bastard!
We're in this mess because international banks have stopped lending in order to force an economic reset.
Our money supply is completely based on debt, which is defaulting in large amounts (which is why the US government is attempting to artificially prop it up via deficit spending).
The decreasing money supply is bringing about deflation, which will begin to spiral as things continue.
We can look at Western Europe as an example of what will happen (except our Treasury security yields won't escalate like theirs).
Obama and his ilk are destroying wealth and the engine that creates that wealth, while at the same time devaluing the money that we've tried to save.
He and his won't stop until they've made us all slaves to the government, nothing more than grist for the mill.
Mark
Big deal, the market crashed. At least the oceans have begun to recede!
I took a peek over at DU today, and they're enraged. They've been told they got the shaft, and they believe it. They think the increase in the debt ceiling wasn't big enough, enraged that "cuts" (that will probably never happen) are built in. It's Boehner's fault. It's The Republicans' Fault.
We're going over the cliff because of the spending, and they think it's Tax Cuts for the Rich that's causing this. More spending more taxes, that's what we need, according to them.