Obama is Causing a World-wide Economic Collapse (Terrified Markets are Anticipating His Win)

Vanity | 10/8/08 | FormerACLUmember

[FormerACLUmember]

The investors of the US and the world are massively selling off in anticipation of the economic nightmare of a possible Obama victory.

The stock market is betting is that Obama will royally screw up the US and world economies. For example, the corrupt democrat laws that mandate banks to issue worthless mortgages to unqualified borrowers will remain unchanged. The very same corrupt democrats who created the US mortgage/credit crisis will have even more power, should Obama win.

[HawaiianGecko]

A person needs to keep in mind that foreign capital is fleeing the American stock market because of the threat of an Obama presidency. His economic policies simply choke off any reason to invest in America. As I've mentioned earlier, his tax policy to raise federal income tax and capital gains tax investors, will simply drive money into China, India, Russia and Dubai. Obama has also promised to buy 2012 votes by spending another $1.5 trillion during his first term.

He plans to fight a global war on poverty where he will tax Americans and send the money to the UN to spend worldwide. This has already been introduced by Obama in legislation http://www.aim.org/aim-column/obamas-global-tax-proposal-up-for-senate-vote/

Regulation already costs America between $810 billion and $1.7 trillion per year, ( http://www.house.gov/jec/cost-gov/regs/cost/regulate/regulate.htm  ) or about $10,000 in lost output for every U.S. household. Hell, just Google "foreign capital leaving U.S. markets" to find a plethora of articles explaining why.

Add to all of that this man's protectionist policies, (that Brokaw managed to steer clear of last night) which many economists believe contributed mightily to the Great Depression and you can bet your bottom dollar that change is coming but it's not the change we need.

[mrsmel]

And those senior business leaders, who could carry great authority with certain groups, need to make their concerns known also.

[Cobra64]

I could pass it around if I were to edit the entire document, and re-type the second half.

[Carley]

And then there’s Cramer.

[ilgipper]

Under Obama the economy will dip further and capital gains are likely to be taxed much higher. It is time to sell for many with assets they do not intend to hold for 5 more years.

[BornToBeAmerican]

who are they, the people or the msn. McCain on CNN NOW!!!!!

[bootless]

I took the liberty of retyping it, and added just a little bit:

Stick this on your bulletin board. George Bush has been in office for 7½ years. The first six the economy was fine. A little over one year ago:
1. Consumer confidence stood at a 2½ year high;
2. Regular gasoline sold for $2.19 a gallon;
3. The unemployment rate was 4.5%.
4. The Dow Jones hit a record high—14,000
5. Americans were buying new cars, taking cruises, vacationing overseas, living large!

But Americans wanted change! So, in 2006 they voted in a Democratic Congress and yes—we got CHANGE all right. In the past year:
1. Consumer confidence has plummeted ;
2. Gasoline is now over $3.75 a gallon, and it had hit well over $4 a gallon;
3. Unemployment is up to 5.5% (a 10% increase);
4. Americans have seen their home equity drop by $12 TRILLION dollars, with prices still dropping;
5. 1% of American homes are in foreclosure.
6. As I write, the Dow is probing another low~~ $2.5 TRILLION dollars have evaporated from Americans’ stocks, bonds and mutual funds investment portfolios.

Yes, in 2006, America voted for change ... and we sure got it! Remember, the President has no control over any of these issues - only Congress. And what has Congress done in the last two years? Absolutely nothing! They certainly haven’t improved the situation. They’ve made it much worse.

Stop and think about that for a moment. Now the Democratic candidate for President claims he is going to really give us change along with a Democratic Congress!

Just how much more change do you think you can stand?

[LadyPilgrim]

I do not doubt this one iota.

The only people who refuse to admit zero hussein is a muslim is the msm.....they are keeping this hidden....and then.....
the ones he has deceived into thinking he is someone he’s not.

The world already knows this all too well.

That’s why there will be votes cast this election that the number is going to be astounding to the msm and the dnc.

For instance...

http://www.democratsformccain.com/

and....

http://www.hillaryclintonforum.net/discussion/showthread.php?t=34403

God Bless America!!!

McCain/Palin 2008

[PLD]

I didn’t write it so do what you want..Don’t pass it around if you feel it need so much work..I just put it up to get these points across..

[PLD]

I will pass it on to the person that sent it to me..glad you got the point of the post..

[PLD]

You get an A+ for that paper..Thanks it is great I will send it back to the person I got it from..

[bootless]

Thanks. (It’s my job. :-) )

Pass this around - it’s good.

[Joe 6-pack]

Obama’s brother may need to move to a smaller hut.

[PLD]

It is good and I will pass it around just like you wrote it..Have a good day and God Bless!!:)

[Brucifer]

LOL! You owe me a keyboard.

[bvw]

This is true too -- about Bambi, the muslimific black-christian -- if elected what value stocks or bonds? Only those which are put under care of the Bambi-Politiboro and Bambi-KGB and Bambi-WorkKorps, or even those few golden properties that make it into the oversight household court of Obamb-Il-Duce and Michelle-zeebel. How exalted that will be for one of us peons!

About John McBipart -- some independent private ownership might be kept out of full federal oversight.

Yet it's amazing how quickly we've just become America, the National Commune. Sort of like France during the troubles Dickens wrote about.

[bootless]

Wow - thanks!

This is not just the choir ... this is for everyone: Republicans, Democrats, independents, undecideds, third party votes, sitting-it-out folks. They will all be affected by this.

[1Old Pro]

The Dow is moving back up, now that the polls show Mccain closing the gap and basically in a dead heat.

As it becomes more apparent that the undecideds will break for McCain the market will continue to move up, which will draw even more support for him.

[JZelle]

This is great, I’m going to spread it like crabgrass!

Thanks!

[PLD]

Here is a new version of it bootless edited it for me and this is much better..

I gave him an A+..LOL! Wednesday, October 08, 2008 1:15:41 PM · 27 of 39
bootless to Cobra64; PLD
I took the liberty of retyping it, and added just a little bit:

Stick this on your bulletin board. George Bush has been in office for 7½ years. The first six the economy was fine. A little over one year ago:
1. Consumer confidence stood at a 2½ year high;
2. Regular gasoline sold for $2.19 a gallon;
3. The unemployment rate was 4.5%.
4. The Dow Jones hit a record high—14,000
5. Americans were buying new cars, taking cruises, vacationing overseas, living large!

But Americans wanted change! So, in 2006 they voted in a Democratic Congress and yes—we got CHANGE all right. In the past year:
1. Consumer confidence has plummeted ;
2. Gasoline is now over $3.75 a gallon, and it had hit well over $4 a gallon;
3. Unemployment is up to 5.5% (a 10% increase);
4. Americans have seen their home equity drop by $12 TRILLION dollars, with prices still dropping;
5. 1% of American homes are in foreclosure.
6. As I write, the Dow is probing another low~~ $2.5 TRILLION dollars have evaporated from Americans’ stocks, bonds and mutual funds investment portfolios.

Yes, in 2006, America voted for change ... and we sure got it! Remember, the President has no control over any of these issues - only Congress. And what has Congress done in the last two years? Absolutely nothing! They certainly haven’t improved the situation. They’ve made it much worse.

Stop and think about that for a moment. Now the Democratic candidate for President claims he is going to really give us change along with a Democratic Congress!

Just how much more change do you think you can stand?

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