
Everything good that happens is because of Barack Obama. Everything bad is attributable to George Bush or Dick Cheney or Sarah Palin or some other Republican. In keeping with these mainstream media-manufactured verities, USA Today's Web site reports "President-elect Obama's actions perk up stock market." The story begins:
President-elect Barack Obama hasn't even moved into the White House yet. But Wall Street is already showering him with praise for injecting confidence into the battered psyche of investors and working quickly to hatch a plan meant to jolt the economy out of its worst funk in decades.A market that two weeks ago was desperate for political leadership and a clear strategy to repair the economy appears to have found it in Obama, who is fast emerging as a decisive economic commander in chief.
Stocks soared last week after Obama moved aggressively to fill the power vacuum until he's sworn in and demonstrated his commitment to dig the USA out of its economic rut.
How did USA Today determine that Wall Street is "showering" Obama with praise? Easy. They found two people who have good things to say about him. Harris Private Bank's chief investment officer opines that Obama has been "a solid force behind the recent moves in the stock market." And a hedge fund manager believes "the market is thinking that Obama will put a fix to (the economy)."
USA Today is correct that stocks soared last week. What the outlet didn't mention was that, as reported by the New York Times, November 4 saw the biggest stock gains of any Election Day in 24 years while the next day the Dow Jones industrial average dropped 486 points. Bloomberg.com noted: "The stock market posted its biggest plunge following a presidential election . . ."
The Dow was at about 9,600 the day Obama was elected. As of this writing, it's under 8,500.
That's some real perking up. It's great to see all that hope and change kicking in so quickly. In the meantime, the MSM will keep up its mantra that anything good that happens is strictly the result of actions taken by The One.




















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Comments Policy
This is just a natural cycle
December 1, 2008 - 11:21 ET by jistincaseThis is just a natural cycle in the markets. People were thinking that it couldn't go much lower and started to buy. As the reality of BO getting in the white house comes around the fleeing of investors from the market will create a huge sucking sound as they move to offshore investments and banks. Since we have 50 some days left till he takes office the MSM has a lot of time to try and blame Bush for all the bad things. I think buying stock in any arms company right now would be a great move and then sell it in about 7 months for a huge gain. I am not a financial advisor but it just makes sense to me.
Buying guns
December 1, 2008 - 11:26 ET by Mike BatesI think buying stock in any arms company right now would be a great move. . .
An Indiana gun dealer told a customer last week that prices of his products have gone up nicely since BO's election. So I guess he really is helping at least part of the economy.
This is an UNnatural
December 1, 2008 - 14:14 ET by mattmThis is an UNnatural cycle. It was caused by the housing bubble which was caused by the CRA and the mis-management of Fannie and Freddie by corrupt Demon-rats. Bush and the other bail-out RINOs are exacerbating the problem. Obama will make it worse.
We haven't had a true free-market in this country since the 30's.
http://www.libertyforlife.com/eye-openers/us-the-new-deal.html
What I meant
December 1, 2008 - 16:43 ET by jistincaseI guess what I meant was that the buy up was just a natual thing for investors to do at the moment to try and get a bargin. Obviously they aren't in for the long haul as by the indication of todays sell off. I agree that things have been mismanaged by politicians for some time now. Thank you Jimmy for the CRA. I wonder who George Snootup obamass will blame today?
I gathered that. I was
December 1, 2008 - 17:12 ET by mattmI gathered that. I was just taking the opportunity to make a point.
Thanks
Understanding the financial crisis
December 1, 2008 - 23:42 ET by PopularTechThis was a bubble caused by the loose monetary policy of the Federal Reserve and government intervention in the economy - noticeably the housing market:
Understanding the financial crisis (Video) (8min)
Censored Global Warming Videos
ROTFLOL!!!!
December 1, 2008 - 11:21 ET by c5thenObama's economic 'leadership' can be summed up by this phrase: All your money belong to us.
Look at the market today!!! The DOW's at 8,430 and sinking. If you look at the 1 year chart: http://finance.yahoo.com/echarts?s=%5EDJI#symbol=%5EDJI;range=1y
The best description of last week is the proverbial "Dead Cat Bounce".
Hey, I got the wrong "CHANGE"!
Alan Keyes / Sarah Palin - 2012
Yeah, Right!
December 1, 2008 - 11:26 ET by flyingmonkeyThere have been far fewer up days then down days since "The One" was elected. The market hasn't even begun to react to our Affirmative Action president-elect. I look for the bottom to come at 5500 to 6000 after the squirrel finally takes office. The reactions now are simply brokers buying cheap and then grabbing quick profits.
Ozombie's sugardaddy puppet billionaire George Soros
December 1, 2008 - 11:29 ET by heavykickerHi
This just caught my attention & ofcourse everybody knows just who is Soros but his murky relations with fellow illuminatus like Rothschilds is not so well known to many people when infact he is their most reliable stooge & also a member of notorius CFR.
Read & pass it along folks.
www.illuminati-news.com/swedish-model.htm
RESIST THE NEW WORLD ORDER.
LOL!
December 1, 2008 - 11:31 ET by BiasedGirlThey may have jumped the gun on The One's ability to save the market...Stocks are tumbling again today...
http://www.withbias.net
Takin' a tumble
December 1, 2008 - 11:35 ET by Mike BatesStocks are tumbling again today...
It's all Bush's fault.
That's because Bush did not
December 1, 2008 - 11:35 ET by Gat New YorkThat's because Bush did not agree to leave early and allow the Chosen One to repair the economy on the First Day sooner than the Constitution allows. I can't wait to see what other miracles he performs.
Bush should resign
December 1, 2008 - 11:40 ET by Mike BatesAnd let President Cheney take care of things for a few weeks. Can you imagine the howls? The "serious" people who've suggested W should take a hike could take the blame.
Hypocrisy?
December 1, 2008 - 11:37 ET by wahoowah72In a brilliant moment of 'I Told You So' the far-right now wants take any and all credit from Obama for the recovery taking place. But just three weeks ago their Messiahs (Hannity & Limbaugh) were going on and on about how Obama had failed to turn around the economy just days after being elected (overwhelmingly, might I add...). The Obama Recession they called it. Fair enough. Will they now call this the Obama Recovery? Me thinks not.
Me thinks not.
December 1, 2008 - 11:42 ET by Mike BatesMe thinks not.
I'll take your word on it.
No recovery
December 1, 2008 - 11:44 ET by jistincaseThere will be no recovery under BO. The only thing he will recover is the peoples money into his pocket.
the far-right now wants
December 1, 2008 - 11:49 ET by motherbeltthe far-right now wants take any and all credit from Obama for the recovery
The Dow is down 382 today...that's a helluva recovery!!
I think the "far right" will be glad to let Obama take the credit for that!
The Obama Recession
December 1, 2008 - 11:54 ET by nkviking75It was Obama and his backers in the Democrat party and the MSM who have been aggressively selling the notion that we were in a recession and even a depression for most of the year, even though we have yet to have one quarter of "negative growth". Two such quarters are required to meet the definition of recession. So if we do have a recession now, why not give credit where credit is due? The Obama Recession it is.
Welcome to the era of unity, you racist!
No quarter
December 1, 2008 - 11:57 ET by Mike BatesTwo such quarters are required to meet the definition of recession.
Now if you're gonna start using stuff like facts, logic or reasoning, that just ain't "fair."
Michael, have you seen
December 1, 2008 - 15:45 ET by motherbeltMichael, have you seen this?
Recession Began December 2007
It's interesting because the article admits that the negative growth didn't occur until the third quarter of this year, but then says of this panel:
the NBER's dating committee uses broader
and more precise measures, including employment data. In a news
release, the group said its cycle dating committee held a telephone
conference call on Friday and made the determination on when the
recession began.
How can measures be both broader and more precise?
In other words, if the situation doesn't fit the definition of recession, redefine recession!
wahoo, or should I say yahoo,
December 1, 2008 - 11:54 ET by R D HelmPerhaps you are still recovering from your post-election hangover, but Barrack Hussein Obama doesn't take office until January 20th.
And I hate to bust your bubble, but there will be no "Obama Recovery," as most investors, who haven't done so already, will be moving their money well out of reach of comrade Obama and his property-confiscating congressional cabal.
-Dave
When in doubt, always side with freedom, as it sure beats the hell out of the alternative.
The whole time stocks were
December 1, 2008 - 12:41 ET by kgThe whole time stocks were setting all records the media was moaning it was too high. Recession was here. That has been going on for years. Now that we are in the recession they have prayed for, Obama who has done nothing yet gets praise for a bump in the markets. Too funny.
"Forget change, I want improvement!"
Economically Illiterate?
December 1, 2008 - 23:48 ET by PopularTechUnless Obama plans on drastically cutting taxes and spending he is going to do nothing but cause another depression with more government internvention. I find it entertaining that people who do not understand economics still have no idea what is going on.
Understanding the financial crisis (Video) (8min)
Censored Global Warming Videos
Markets
December 1, 2008 - 11:43 ET by rick007The Markets are reflecting the Soros "O" Dumbo Presidency!!!!
Stock Market down 400 points, and it isn't even noon yet.
December 1, 2008 - 11:47 ET by R D HelmHmm, I guess that is Bush's fault, right?
-Dave
When in doubt, always side with freedom, as it sure beats the hell out of the alternative.
Yes, Dave, it is. last
December 1, 2008 - 12:52 ET by HermanoYes, Dave, it is. last week's gains were because of 0bama; today's massive loses are because of Bush. It could not be any other way. Stephie was talking up 0bama's economic leadership in terms of last week's gains and will be on the talking head shows this week pissing on Bush's policies which caused today's dive.
O Lord, Thou givest us everything, at the price of an effort. - Leonardo Da Vinci
Bush is nationalizing banks
December 1, 2008 - 23:49 ET by PopularTechI wouldn't invest in socialism.
Censored Global Warming Videos
I am a fan...
December 1, 2008 - 23:56 ET by MightyMouth.. and the more Bush does, the less I like him.
"There are two types of people in this country; those who provide freedom and those who enjoy it." MM says...
oops
December 1, 2008 - 12:12 ET by katainkentso much for confidence. Maybe the rest of the cabinet announcements expected today will 'perk' it up again. Speculators, gotta love em.
"If you think you're finished shopping for Christmas, why not start on next year"
What kind of hubris does it
December 1, 2008 - 13:08 ET by ConservativeRexWhat kind of hubris does it take to have an offical "Office of the President-Elect"? That's an administration office? What the hell kind of baloney is that all about?
Does this knucklehead think that none of this will ever catch up to him? I was willing to give him a chance to screw things up before I really laid the wood to him, but you've got to be kidding me!
This is getting ridiculous. Are they not embarrassed? Or is Obami not embarrassed? Here we go!!
Do you think they're
December 1, 2008 - 13:20 ET by billbDo you think they're watching today's rally?
oops...
December 1, 2008 - 16:02 ET by LionKingDOW down over 600.
USA Today - Eggs meet face!
December 1, 2008 - 14:24 ET by pocomocoUSA Today: 'Obama's Actions Perk Up Stock Market'
Hmmm! Obama’s perk appears to have pooped out.
Dow -460.20 -5.21%
8,368.84
Nasdaq -96.71 -6.30%
1,438.86
S&P -55.60 -6.20%
840.64
Hey! Who cut the cheese?
December 1, 2008 - 15:19 ET by RackieThen HE musta farted because the "market" stinks.
→ Barry pooted
December 1, 2008 - 15:26 ET by Cool ArrowNB should make note of every speech the PreSelect makes during trading hours.
I've given blow by blow accounts twice in the past. My daughter was using the puter while he spoke today, or my familiar "Shut UP Obama" would have been all over it today as well.
Where's today's explanation???
December 1, 2008 - 15:26 ET by northoneUgh oh! How will the MSM possibly explain this? The Messiah holds his daily press conference this morning to announce his defense team. At about the same time, the Dow Jones Index dropped about 430 points. The major indexes fell about 5%. The US dollar fell against other currencies. Gold prices fell sharply.
My, my, my. Will the MSM make a connection between The Great One's announcement and the crash on today's market which wiped out the gains made last week? Or will it be Bush's fault?
→ A stupid gamble
December 1, 2008 - 15:49 ET by Cool ArrowI shoulda' known better than to leave my money in the market ove the weekend. Net result was a 4% loss. Obama's presentation didn't help any.
I guess I've been fortunate rather than insightful so far, because I didn't see today's drop coming.
Dow down 500 for the day...
December 1, 2008 - 16:02 ET by Army BratI can hardly wait for the next "spin cycle".
Happy Trails...
closing bell
December 1, 2008 - 16:06 ET by katainkentdown 678'ish
"If you think you're finished shopping for Christmas, why not start on next year"
→ Correction brat
December 1, 2008 - 16:11 ET by Cool ArrowDow down 681 at the closing bell.
Governor Arnold Schwarzeneggar is holding out his hand for $11.2 billion and the Big 3 are flying coach this time to prove they're real people.
Let these two Democrat establishments crash, and crash hard. Both California and the Pitiful 3 should be case studies in colleges for years to come as a testament to the perils of theftocracy.
I blame this on our
December 1, 2008 - 16:21 ET by Clear thinkerI blame this on our president elect. Heck, if he's gonna start acting like our president now, he might as well take the blame now!
The Best Video By A Conservative
Making Fun of AGW http://giovanniworld.wordpress.com/
You're Wrong!
December 1, 2008 - 16:38 ET by northoneYou could not be more mistaken. Everyone knows that if the markets have slumped, it's Bush's fault. There is no way anyone can connect these problems to The Messiah. He is beyond reproach. He is a saint. He is a saviour. He is America's only hope for salvation and recovery. Bow, America, and thank the Holy Father for sending us the Great Obama. Praise him to the highest! We are blessed to have him lead us out of the darkness of the past eight years.
Meanwhile
December 1, 2008 - 16:43 ET by general companyI am taking a leak on the WH lawn wondering,,,,,is this Scott turf or Penningtons?
"Television is a freak show" Bernie Goldberg
→ Scott McClellan Turf
December 1, 2008 - 16:47 ET by Cool ArrowYou missed a spot.
Snicker..haha..funny
December 1, 2008 - 16:56 ET by littlemissmuffin"If we conservatives moved to those seven non-existent States, the government couldn’t find us and tax us to death!"
northone... He can be all
December 1, 2008 - 16:56 ET by Clear thinkernorthone...
He can be all those things in other people's minds, but the truth is... if he can't prove he's even eligible to take the oath in Jan, he will not be considered president by millions of people. I'm one of them.
BTW... Obama is a scum sucking thug!
The Best Video By A Conservative
Making Fun of AGW http://giovanniworld.wordpress.com/
I also am one of them, but I
December 1, 2008 - 17:01 ET by sherylsimsI also am one of them, but I am not sure what difference it makes. I remember a lot of libs saying that George Bush was not THEIR president... well, he was, and them denying it didn't change the fact. I only wish there were something effective that could be done to press the Birth Certificate Issue.
For one, we keep the
December 1, 2008 - 17:06 ET by Clear thinkerFor one, we keep the pressure on. Every single day until he shows us what he's hiding.
The Best Video By A Conservative
Making Fun of AGW http://giovanniworld.wordpress.com/
sherylsims
December 1, 2008 - 17:08 ET by littlemissmuffinYou wrote: "I only wish there were something effective that could be done to press the Birth Certificate Issue."
Sign the petition:
http://wnd.com/index...
Be sure to read the article, too.
"If we conservatives moved to those seven non-existent States, the government couldn’t find us and tax us to death!"
Yes. I did that. So lets
December 1, 2008 - 17:14 ET by sherylsimsYes. I did that. So lets say there were a gazillion signatures on the petition... then what? Isn't it still up to a (mostly liberal) Supreme Court? And also, nobody knows what would happen if they did decide he was ineligible. Would we end up with some other liberal democrat? Or would they drag McCain back in and let him win by "default"?
I really don't know
December 1, 2008 - 17:56 ET by littlemissmuffinI really don't know what would happen because this is the first time the issue has come up. If his birth certificate shows he was not born in the U.S., the Supreme Court will have to disqualify him. They have no choice if they are to uphold the Constitution. I am waiting to see what happens.
"If we conservatives moved to those seven non-existent States, the government couldn’t find us and tax us to death!"
Market Is Down 500 Points
December 1, 2008 - 16:15 ET by BW222Must be Sarah Palin's fault; she's down in Georgia campaigning for Chambliss.
BW222
Beware the Bear
December 1, 2008 - 16:28 ET by Fred GregoryDow down 680 at close. Obama market, yeah . Sheesh !
We should all
December 1, 2008 - 16:31 ET by littlemissmuffinWe should all email/write/call USA today and demand a retraction!
"If we conservatives moved to those seven non-existent States, the government couldn’t find us and tax us to death!"
USA Today
December 1, 2008 - 16:38 ET by katainkentGloom Returns to Wall Street
"If you think you're finished shopping for Christmas, why not start on next year"
And I notice that wahoowah72
December 1, 2008 - 16:57 ET by motherbeltAnd I notice that wahoowah72 hasn't been back since posting this little gem
lol
December 1, 2008 - 17:22 ET by katainkentnear as I can tell... what was once Obama, is now simply a burst of optimism.
"If you think you're finished shopping for Christmas, why not start on next year"
Forget that!
December 1, 2008 - 16:44 ET by northoneUSA Today would rather die than admit it may have been wrong about its saviour.
Will they report?
December 1, 2008 - 17:18 ET by mgindi26Why did USA Today forget to report that the market dived 17% in the first 9 days following the election? if the rise is thanks to Obama then shouldn't the short sellers thank him on the fall.
Today the market dropped about 7.5% will there be an article attributing the drop to Obama?........ I doubt it
Michael .. USA's Adam Shell is a shell for a shrill
December 1, 2008 - 18:39 ET by Gary HallMichael. USA Today's Adam Shell seems to be playing this just a bit biased to one side. I took a look back at he's covered recent big swings in the market.
Nov. 5th (day after) Post-election glow dies fast as Dow drops 486 points - Results are in - Obama won - just post-election jitters.
Nov. 7th Dow sinks as bleak mood descends on markets "After rallying almost 20% off its low in a six-session run to the presidential election, the stock market has suffered a nasty two-day relapse. That has prompted fresh fears about whether stocks have really hit bottom and dashed much of the optimism following President-elect Barack Obama's historic win."
Really! We think the rally had to do with hope that McCain might score a miracle. The two day historic loosing streak was in concert with the Obama win, buddy. Just where was the market optimism following the Obama win?
Nov. 20th Dow Jones, S&P shatter bear-market stock lows - nope not much here about Obama not doing much.
Nov 22nd Stocks rally as Dow jumps almost 500 points on Geithner report - Boom! ".. a key figure in helping solve the financial crisis [on the Bush team] will be nominated by President-elect Barack Obama to be the USA's next Treasury Secretary."
Nov 24th S&P 500 up 6.5% on Obama's stimulus plan, Citigroup rescue Double Boom! More confidence in Obama's ability to lead..
Can't wait for tomorrow to find out how it was not Obama's presence today that caused the markets to collapse.
(;~> gary
PS - my favorite comment from election day was this:
Nov 4th History on how presidential elections affect stock markets - Adam is a real historian here: "Let's bust one myth: namely, that Republican presidents are better for stocks. It is not true." Well, Adam, that's because the free market party, the Democratic party, is know for supporting the corporate cause - lower corporate taxes, less regulation, free trade policies, lower wages, bigger CEO salaries, more receptive to corporate lobbying efforts, etc.
change we can believe in
December 1, 2008 - 19:32 ET by DaMavhttp://www.damaveric...
So, today would be Obamas fault as well????
December 1, 2008 - 19:57 ET by bpjamAnybody in the MSM going to give The Messiah credit for a one-day 10% drop in the S&P????
Even Fox News won't do it so that means there is nobody out there to blame him for bad news in between media praise for any good news being His doings.
(Must be great to be Obama. If the sun rises, he gets credit. If it rains, he can blame Bush. If his ideas work, he's a genius. If they don't work, he still gets praised for 'believing' in the right things. If only there was a universe where non-liberals could get this kind of treatment from the media and leave office with astronomical approval ratings despite having created a recession.)
Down over 600 today...does
December 1, 2008 - 20:26 ET by RR GOPDown over 600 today...does this mean the MSM wants his head on a platter, and he'll just have to concede and stay in Chicago?
Well, I was trying to follow the logic here...oh, that's right, there was no logic to begin with.
One of the 24% who thinks George W. Bush was a great President. One of the 89% who wants to bring back the stock and pillory.
EXCUSE ME
December 1, 2008 - 21:25 ET by WorriedBut the market went down 7% today. Why do the MSM idiots keep saying this stupid stuff? It makes me so angry. I think the market tanked today because The One made it official that Hillary would be SOS. The USA Today better make a retraction tomorrow or they'll be getting another one of my emails.
More
December 1, 2008 - 21:49 ET by NorthCoasterDelusions/Propaganda from the MSM.
More
December 1, 2008 - 21:50 ET by NorthCoasterDup. post.
Oooops!