I agree.  I don't know a lot about the market, but I do know that it rises and falls on expectations.  What this shows then, is that they are not expecting good things from an Obama administration.

For those of you in the know, who do you think would be the best and worst selections he could make for Treasury Secretary?

Apparently all the rich liberals who pushed for Obama as president don't really have that much faith in his abilities either.  They seem to be sitting on their wallets.  Where is all the "feel good, feel great, tomorrow is going to be such a better day" uptick in optimism that this election was supposed to engender?  Is this the first sign of buyer's remorse?  We need to see Matt Damon, David Letterman, George Clooney, and a host of other rich endorsers actually show up on the floor of the exchange and start publicly pumping their money into the stock market to show that their's wasn't just lip service and they're backing their man with their wallets as well as their words.  You can't lay this downturn off on President Bush.  This is strictly a reaction from money managers to a man who has publicly stated he wants to redistribute their wealth to people who don't work and wants to tax 401Ks. 

"An appeaser is one who feeds a crocodile, hoping it will eat him last."  - Sir Winston Churchill

I was sitting next to an elderly African American woman on JetBlue yesterday and she was watching on those little TV's the fact that the market went down again over 400 points.

She said, "Oh my" and was greatly distressed. I asked her what was wrong. She said she was hoping to retire and was wondering why Obama was saying anything. She became very concerned that her retirement would all be gone soon and not there for retirement.

I asked her is she had to retire this up coming year. She said, "Not this year. I'm talking about 5 years from now."

So much for confidence from African Americans who voted for the great one.

A Recession is when your neighbor has lost his job and is out of work. A Depression is when you've lost your job and out of work.

We haven't had a real recession in this country since 1980 (No the Clinton -elect me it's the economy stupid- recession wasn't real and doesn't count) That recession started in 1972 or 1973. We had 7 crummy years of stagflation, high interest rates and double digit unemployment (Not to mention the two oil crunches standing in lines on odd even days) with the stock market tanking 60 percent from the high of 69 to the low of 74. Only those 40 ish or above remember that. There is 28 years of stress in this fault line. We keep trying to tame the business cycle and really don't know how to do it. But recessions are probably necessary to right the financial wrongs and excesses. I hope this one will not be a very bad one but that being said these things can last a while. No confidence in this administration already is probably not helping.

"...no civilization, no matter how rich, no matter how refined, can long survive once it loses the power to meet force with equal or superior force." - Bernard Knox

Mother, Just wait until Obama and Gore's carbon tax goes into effect.  I'm just glad the various industries will absorb all those additional costs of doing business and not pass them on to us.  Do you think all the dipsticks that voted for Obama to get that $1000 tax rebate will realize Al's laughing all the way to the bank when that money flows through them, to the power companies, and finally into the hand of Gore's carbon credit trading company?  As I type this, I'm sitting here with the temperature outside about 30 degrees below normal for this time of year, praying that global warming will eventually arrive in my neighborhood. 

"An appeaser is one who feeds a crocodile, hoping it will eat him last."  - Sir Winston Churchill

"He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance." This is one of the complaints our founding fathers brought against King George in the Declaration of Independence. The sad thing is that we have allowed our federal legislature to do this to us for nearly 100 years now.

"Believe on the Lord Jesus Christ, and thou shalt be saved, and thy house." Acts 16:31

Klinton had only his 1st 2 years, from a slow standing start, to ruin the economy/culture with modern liberalism (secular socialism)...then Newt and the Repubs held the crazy secular socialist gorilla inside the garbage can...this time the Klintonids with a clueless radical socialist president and both houses of the royal congress will have no such restraints.

You just thought Jimmah Carter (look it up) was an economic and foreign policy nitemare that had consequences for decades (Iran and Diversity loans for starters).

The problem now is about 70% of the country does not believe the promises and lifelong philosophy espoused by Obama and the angry socialist herd will become reality. There is no evidence they have changed or will. Look at the staff chosen.

Taxzilla and the angry horde will make you Fax your congress often by the summer and pray daily for the 2010 change to change the congress.

As far as Obama (Xerxes I) voters..."stupid is...as stupid does" ....

The movie Trading Places sums it up best...when Dan A. said to Eddie M...
"Nothing can prepare you for the unbridled carnage you are about to witness".

Doug Schexnayder, Ph.D. (theconservativecrawfish)

islero. I'll check them out. 

If you make people think they're thinking, they'll love you; But if you really make them think, they'll hate you.

Don Marquis 1878-1937

"Keep in mind that this GOP hack is a Republican, not a Conservative! A new party may be the only answer at this point."

You can start a new party if you want, but you still won't get Conservatives elected in Michigan, Vermont, Oregon, etc. 

By the way, this guy just lost his re-election bid, so he'll be leaving in January. The winner was a left wing Democrat. 

and now we have a joke like Napolitano as HS Secretary to deal with...

"...peace is the highest aspiration of the American People. We will negotiate for it, sacrifice for it, we will never surrender for it, now or ever." President Ronald Reagan~ January 20, 1981

Judgement, judgement, judgement and experience, experience, experience...Or the lack thereof.

This why I and many others didn't vote for Obamessiah. He doesn't have a clue, and has and will continue to surround himself with others who also don't have a clue.

Like I said...We're screwed. 

"...peace is the highest aspiration of the American People. We will negotiate for it, sacrifice for it, we will never surrender for it, now or ever." President Ronald Reagan~ January 20, 1981

Watch all the "My house was broken into and all my guns stolen" reports filed the day they announce the Cowboybama old timey shootin iron round up.  It's kinda my plan anyway.  

Semper Fi

The Marines I have seen around the world have the cleanest bodies, the filthiest minds, the highest morale, and the lowest morals of any group of animals I have ever seen. Thank God for the

...but I think its time something was pointed out.

We can all sit around wringing our hands blaming the MSM and the hideously weak campaign that was run by John McCain for the fact that we are on the verge of seeing a for-real socialist sworn in as the next president.

While both of those factors played a role in the coming disaster, I think its time to lay the bulk of the blame where it belongs: squarely at the feet of George W. Bush.

This man who, if he has any conservatism in him at all he is only half a notch (if that) to the right of Bill Clinton, has been a flaming disaster for the GOP, and I believe ultimately, for this nation.

While many see our successes in Ashcanistan and Iraq and his tax-cuts as being high points for his presidency, he has done little else. 

Personally, I gave up on the man when he attempted to ram the scamnesty bill down our throats. Even Bill Clinton didn't try to do that.

I know many feel that he is a good man and that he means well, and that may very well be true. However, that does not excuse his numerous transgressions, particularly in the area of damaging our national sovereignty. I now believe the man to be a globalist, pure and simple.

It didn't have to be this way.

-Dave

Did this country just elect Obama/Biden, or was it Soros/Ayers?

Mrs. Bill Clinton and the Chosen One.

yeah BUT!!!!!!!

Harry Reid is the only one mouthing off about the subject. Today. In Congress.

Let's just aim fire at the opposing political forces when the opportunity arises?

If you can meet with triumph and disaster
And treat those two imposters just the same...
Yours is the earth and all that's in it...

Will expect to do so again. Lefty assembly members in Baltimore put in a bill to have all ammo (except shotgun ammo) micro serialised (unfortunately now possible) and to pay for the paperwork they wanted to tax each round five cents. All ammuntion that was un-serialised was to be turned in and no ammuntion could be used that was not micro-serialised. Ammunition and firearm companies testified that to do so would add approximately 50 dollars a box for ammo and they weren't going to retool anyway because of costs and so Maryland would get no ammo. I think Arizona (of all places) was going through the same legislation. Luckily (this time) it never got out of committee. These backdoor efforts always involve taxation, fees, and other stumbling blocks ad infinitum until the Left gets it's way.   

"...no civilization, no matter how rich, no matter how refined, can long survive once it loses the power to meet force with equal or superior force." - Bernard Knox