Obama is from the city that was home to Al Capone. Old Al would be proud of the obama gang. Imagine, being able to shake down an entire country.
Even bin Laden could not have caused more economic damage to this country than obama has in one month. Some estimates of the cost of 9/11 was around 639 billion. That's just pocket change compared to the cost of electing obama.
And those of us who have studied (real) history know full well why he is doing it, too.
If, due to the fact that your parent's packed you off to government school, and thus you are still of the deluded belief that this man is actually working to improve our nation's economy, then I suggest you seriously consider bringing litigation against your parents for rampant child abuse.
At the end of the day, it just might be the only chance at financial security you have left.
-Dave
Our clueless political leaders are about to drive us all over a cliff. The time to HITM is now-before we go over.
In addressing this panic, the president of the United States must truly
be the leader of the world — showing the way back to confidence.
Instead,
Obama has been instrumental in purveying fear and spreading doubt. It
is his pronouncements, reinforced by the developments they kindle and
catalyze, that are destroying good businesses, bankrupting responsible
people and wiping out even conservative financial institutions. Every
time he speaks, he sends the markets down and stocks crashing. He
doesn’t seem to realize that the rest of the world takes its cue from
him. He forgets that he stands at the epicenter of power, not on the
fringes campaigning for office. This ain’t Iowa.
(emphasis added)
I didn't think it was physically possible, but this both sucks and blows. -Bart Simpson
There is no incentive to invest and from his speech he intends to raise taxes and create an economically crippling cap and trade system. His policies are anti-growth and the worthless stimulus is robbing capital from the private sector. Nobody but day traders cares about his tone. Investors look at his policies and what he plans to do. Anyone with any economic sense would not be buying stock.
I certainly agree that his policies won't work (they never have, as you correctly point out). But I disagree about the impact of fear.
When a politician speaks, he's almost always preparing the public for something he intends to do later on. Politicians don't speak haphazardly; they almost always have an ulterior motive. They don't speak passively; it's always to actively advance a purpose. So, as you correctly point out, investors are worried about his actions, not just his words.
But Obama is like Clinton: it's all about him. That changes the psychology, I think. He spreads fear, not to advance a theory or philosophy ... it's to promote himself as the rescuer. He has no governing theory or philosophy - his presidency is pure ego. Obama promotes Obama. When Obama promotes fear, it's only so that he can be seen as the Rescuer.
So, what does that tell you? It tells you that he has no real plan. He throws out standard liberal policies, and hopes they stick. It alerts investors that Obama's policies don't matter. The fear comes not by taking Obama's word for it - the fear is that Obama is in over his head.
Anyone who understands free market economics knows that if he planned to do nothing and get the government out of the way it would encourage investment. Thus his "fear-mongering" is irrelevant, it is what he actually plans to do and is doing that is causing the DOW to drop. If he said the economy is going to go into a depression but I am reducing government spending by 30%, cutting all the marginal tax rates by 5%, cutting the capital gains tax, reducing corporate taxes, investors would be buying stock.
When people get scared, they stop spending money, which only makes a bad situation much worse.
Consumer spending makes up the bulk of our nation's economy. As such, this economy has no chance of rebounding until people begin to open up their wallets once again.
I am not sure they will this time, given the gloom and doom being spread around constantly by Obama.
-Dave
Our clueless political leaders are about to drive us all over a cliff. The time to HITM is now-before we go over.
This is why we have the problem that we do have, we need to spend less and save more. If prices come down low enough people will always spend money, that is not the problem. It has nothing to do with fear, it has to do with people being broke. Our economy was based on an unsustainable borrow and spend mentality, now we need to live within our means as we always should. But Obama's policies are preventing the necessary correction from happening. Obama can talk gloom and doom all he wants, people will always buy something if they want it and can afford it.
When will people wake up and realize Obama is doing exactly what he said he'd do, except he's doing it via credit card and debt. He's 'taking advantage of a crisis' as Emmanuel has been quoted as saying several times before. The sad thing is that Obama is so ideologically driven, he's doing this at the expense of our country's current and future financial stability. He's ignorantly ideological, naive, but gives a good speech for lemmings to follow.....unfreakingbelievable how much he's spending, on credit to China, and most of the media is still gushing and in lust.
5 score and 16 days ago, November 4, 2008—a date which will live in infamy—the United States of America was suddenly and deliberately attacked by the evil communist usurper forces of the Empire of osama obama aka the worst fake president EVER.
The facts of that dark and dismal day through today speak for themselves; he has continually forced an intentional market downturn in an effort to make everyone equal in poverty. The people of the United States have already formed their opinions and well understand the implications to the very life and safety of our nation. I know we all want to skin him alive, but I say lets just get rid of him and his ilk once and for all.
As an American Conservative I would direct that all measures be taken for our defense. But always will our whole nation remember the character of the onslaught against us. . .
This is part of the plan to destroy private pensions so that people will have no choice but to allow the government to confiscate their IRA and roll them into the "new and improved" Social Security "2". You've heard this before. Last year George Miller D Ca. sent up the first trial ballon on this topic. Lemmings that we are, we all scoffed at the proposal! This new plan will pay 3% and when you die, what's left of your pension goes back into the Ponzi Scheme, NOT YOUR KIDS!
Wouldn't be bad idea to borrow from the 401k to is's fullest allowable.
I don't believe the marxist party will allow 401k's to stand in their current form. If I still had a house paymenht, I would borrow from myself to pay it off.
We've already pulled what we could out of my husband's and are about to pull the rest as soon as we can (some little regs I'm not familiar with).
If The Obama has his way no one will be allowed to have their own private account...in the interests of "fairness" no one should have a better retirement than someone else!
I didn't think it was physically possible, but this both sucks and blows. -Bart Simpson
believe Americans are slowly awakening to the monster they have placed in charge. All we can do is pray he doesn't totally destroy our country before then!
It is no dishonor to be in a minority in the cause of liberty and virtue. ~ Sam Adams
that's a redundant phrase, but I agreed with the concept.
Obama's Omnibus bill brought some highly significant healthcare businesses down yesterday. Anywhere from 2.8% to 5.0% losses for businesses like JNJ Pfizer, Novartis, Medtronics.
Don't tell me Obama doesn't know what he's doing. He's like the curvaceous girl washing the car in "Cool Hand Luke"
George Kennedy; "She don't know what she's doin' to us Luke"
This is what happens when one president abandons free market principles and the new one is economically illiterate. Obama's tax policy and cap and trade plans is going to drive the economy straight into the ground. How many times does Socialism have to fail for people to wake up?
Obama is a professional demagogue. It was more than apparent during the campaign. He said nothing and he said it repeatedly and the people swooned. I've never seen a swoon over politicians before. I always thought I needed a little more information than just two words 'hope and change'. There is still a swoon going on. The American Republic will be gone before his groupies figure out what they lost. It's All Dirty Politics
The country is having trouble right now however, his plans do NOTHING to fix them but keep us in trouble for years. These guys are smart and know what they are doing. They know the history of the great depression and they are following right in the same footsteps as FDR only a war will not get us out of it. They want more people out of work so that more people are relying on the government for assistance which makes gov. bigger thereby needing more tax dollars. These sycophantic reporters and politicians need to do their jobs instead of trying to keep it by sucking up to the Obama Regime. We've got to stick to our values and vote these guys out in 2010 (and 2012 for Obama) with real fiscal conservatives that will bring our economy back from the brink.
The economy is on the verge of collapse. There is ample evidence to support that as well as many historically accurate economists who say so as well (Peter Schiff, Jim Rogers). However, I believe that Obama is using that fact to advance a socialist, liberal agenda - without a doubt. We are headed for some very, very painful times from which we may not emerge looking the way we did before they occurred.
Curse those nitwit morons in D.C.! They are solely responsponsible for this mess. Curse them!
Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty or give me death!´´
--Patrick Henry
I voted no. I don't think he's smart enough to manipulate the American people on his own. I don't think he's smart enough to come up with a novel idea on his own. I don't think he has any real visionary qualities. I truly think he's just the yes-man president that the liberal congress was dying for.
It is the Rahm Emmanuel types surrounding him and influencing him who are manipulating the big O which, in turn, manipulates the American public. They know what they're doing, O doesn't.
They will all get everything they want in the next 4 years because O-dopey will just keep saying "Sure, sounds good to me, where do I sign". In public he'll put on "the face" and talk about the tough decisions he's making. In private, he's voting present and Rahm and Co are making the decisions for him.
Am I getting the opposite of Karl Rove Derangement Syndrome or could there be some truth to this. Probably we'll never really know.
I can't help how I feel, I just got done listening to his phony tripe this morning ...what I could stand to listen to or watch of this that is...he standing before any of the military is very hard for me to take...period.
Nothing but lip-service....as the msm swoons...instead of bringing up his lying hypocrisy when it comes to this war.
That is the First thing I thought about today...especially knowing how the majority of them feel from what I have read, plus heard personally say what they think of him before the election, election day and since the election.
d. Not exactly. He is pushing his agenda. But economists and politicians from across the spectrum are simply reflecting unfortunate realities when they speak of the dire conditions currently plaguing the nation.
What is the worst thing you can do for an economy? Well if you have never studied economics, are clueless about history and have a habit of ignoring reality then you would do everything Obama is: Increase the Size of Government, Increase Government Spending, Raise Taxes and Add Regulations! The only question is how far does Obama need to drive the economy into the ground before people will realize what he is doing is wrong?
And as far as middle-class tax cuts are concerned, Obama’s
cap-and-trade program will be a huge across-the-board tax increase on
blue-collar workers, including unionized workers. Industrial production
is plunging, but new carbon taxes will prevent production from ever
recovering. While the country wants more fuel and power, cap-and-trade
will deliver less.
But is Barney Frank and company still pushing the same BS with the mortgage industry that caused all this in the first place?
If so, then the economy isn't going to improve. As for the money they're throwing at this I could never see how it was going to help anyway. I still maintain they should have had the FHA take those risky mortgages and deal with the homeowners and free up the rest of the market, and for God's sake start breaking Fannie and Freddie.
We would still have a mess, but nowhere as big as this if these folks still got sub-prime or if they defaulted anyway without infecting everything across the board. That part of the equation was a government-created mess so the government had a moral obligation to deal with it, rather than sitting back and letting it poison the entire economy.
But, this is one instance where the Communists believe in laissez faire, because they had no intention of stopping what they were doing...and too many dumbass Americans out there don't want to deal with the boring economics of it. Noooooooo. They want some guy in a suit to 'fix' everything like they were taught Clinton did.
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.
Editor at Large
Comments Policy
Obama is from the city
Fri, 02/27/2009 - 01:01 ET by MidAmericaObama is from the city that was home to Al Capone. Old Al would be proud of the obama gang. Imagine, being able to shake down an entire country.
Even bin Laden could not have caused more economic damage to this country than obama has in one month. Some estimates of the cost of 9/11 was around 639 billion. That's just pocket change compared to the cost of electing obama.
Obama is purposely running our economy into the ground.
Fri, 02/27/2009 - 01:14 ET by R D HelmAnd those of us who have studied (real) history know full well why he is doing it, too.
If, due to the fact that your parent's packed you off to government school, and thus you are still of the deluded belief that this man is actually working to improve our nation's economy, then I suggest you seriously consider bringing litigation against your parents for rampant child abuse.
At the end of the day, it just might be the only chance at financial security you have left.
-Dave
Our clueless political leaders are about to drive us all over a cliff. The time to HITM is now-before we go over.
Fear cannot ruin the economy
Fri, 02/27/2009 - 01:35 ET by PopularTechOnly his idiotic economic policies that have never worked in history can and will. What he "says" is irrelevant, it is what he does that matters.
Keynesian Economics Is Wrong: Bigger Goverment Is Not Stimulus (Video) (Daniel J. Mitchell, Ph.D. Economics)
Carbon Dioxide (CO2) is Not Pollution
Then why is it that he only
Fri, 02/27/2009 - 06:02 ET by motherbeltThen why is it that he only has to give another speech and the Dow drops? People here have been commenting on that all along.
Dick Morris puts it very well
In addressing this panic, the president of the United States must truly
be the leader of the world — showing the way back to confidence.
Instead,
Obama has been instrumental in purveying fear and spreading doubt. It
is his pronouncements, reinforced by the developments they kindle and
catalyze, that are destroying good businesses, bankrupting responsible
people and wiping out even conservative financial institutions. Every
time he speaks, he sends the markets down and stocks crashing. He
doesn’t seem to realize that the rest of the world takes its cue from
him. He forgets that he stands at the epicenter of power, not on the
fringes campaigning for office. This ain’t Iowa.
(emphasis added)
I didn't think it was physically possible, but this both sucks and blows. -Bart Simpson
Why the Dow is Dropping
Fri, 02/27/2009 - 12:30 ET by PopularTechThere is no incentive to invest and from his speech he intends to raise taxes and create an economically crippling cap and trade system. His policies are anti-growth and the worthless stimulus is robbing capital from the private sector. Nobody but day traders cares about his tone. Investors look at his policies and what he plans to do. Anyone with any economic sense would not be buying stock.
Carbon Dioxide (CO2) is Not Pollution
Yes it can
Fri, 02/27/2009 - 10:45 ET by KC MulvilleI certainly agree that his policies won't work (they never have, as you correctly point out). But I disagree about the impact of fear.
When a politician speaks, he's almost always preparing the public for something he intends to do later on. Politicians don't speak haphazardly; they almost always have an ulterior motive. They don't speak passively; it's always to actively advance a purpose. So, as you correctly point out, investors are worried about his actions, not just his words.
But Obama is like Clinton: it's all about him. That changes the psychology, I think. He spreads fear, not to advance a theory or philosophy ... it's to promote himself as the rescuer. He has no governing theory or philosophy - his presidency is pure ego. Obama promotes Obama. When Obama promotes fear, it's only so that he can be seen as the Rescuer.
So, what does that tell you? It tells you that he has no real plan. He throws out standard liberal policies, and hopes they stick. It alerts investors that Obama's policies don't matter. The fear comes not by taking Obama's word for it - the fear is that Obama is in over his head.
His tone is irrelevant
Fri, 02/27/2009 - 12:35 ET by PopularTechAnyone who understands free market economics knows that if he planned to do nothing and get the government out of the way it would encourage investment. Thus his "fear-mongering" is irrelevant, it is what he actually plans to do and is doing that is causing the DOW to drop. If he said the economy is going to go into a depression but I am reducing government spending by 30%, cutting all the marginal tax rates by 5%, cutting the capital gains tax, reducing corporate taxes, investors would be buying stock.
Carbon Dioxide (CO2) is Not Pollution
PT, fear has a huge impact on the economy
Fri, 02/27/2009 - 19:58 ET by R D HelmWhen people get scared, they stop spending money, which only makes a bad situation much worse.
Consumer spending makes up the bulk of our nation's economy. As such, this economy has no chance of rebounding until people begin to open up their wallets once again.
I am not sure they will this time, given the gloom and doom being spread around constantly by Obama.
-Dave
Our clueless political leaders are about to drive us all over a cliff. The time to HITM is now-before we go over.
An economy based on consumer spending is doomed
Fri, 02/27/2009 - 20:04 ET by PopularTechThis is why we have the problem that we do have, we need to spend less and save more. If prices come down low enough people will always spend money, that is not the problem. It has nothing to do with fear, it has to do with people being broke. Our economy was based on an unsustainable borrow and spend mentality, now we need to live within our means as we always should. But Obama's policies are preventing the necessary correction from happening. Obama can talk gloom and doom all he wants, people will always buy something if they want it and can afford it.
Carbon Dioxide (CO2) is Not Pollution
→ You're right PT
Fri, 02/27/2009 - 20:10 ET by Cool ArrowI've made up a little exercise I practice at traffic lights. I try to evaluate which vehicles really need to be replaced.
There are very few of them. People are no longer buying into the "new for the sake of new" concept.
We won the cold war! Why did we surrender?
Implementing his liberal social agenda via credit card
Fri, 02/27/2009 - 02:32 ET by RpeggioWhen will people wake up and realize Obama is doing exactly what he said he'd do, except he's doing it via credit card and debt. He's 'taking advantage of a crisis' as Emmanuel has been quoted as saying several times before. The sad thing is that Obama is so ideologically driven, he's doing this at the expense of our country's current and future financial stability. He's ignorantly ideological, naive, but gives a good speech for lemmings to follow.....unfreakingbelievable how much he's spending, on credit to China, and most of the media is still gushing and in lust.
In the words of...
Fri, 02/27/2009 - 07:55 ET by RD King5 score and 16 days ago, November 4, 2008—a date which will live in infamy—the United States of America was suddenly and deliberately attacked by the evil communist usurper forces of the Empire of osama obama aka the worst fake president EVER.
The facts of that dark and dismal day through today speak for themselves; he has continually forced an intentional market downturn in an effort to make everyone equal in poverty. The people of the United States have already formed their opinions and well understand the implications to the very life and safety of our nation. I know we all want to skin him alive, but I say lets just get rid of him and his ilk once and for all.
As an American Conservative I would direct that all measures be taken for our defense. But always will our whole nation remember the character of the onslaught against us. . .
This is part of the plan
Fri, 02/27/2009 - 07:51 ET by billbThis is part of the plan to destroy private pensions so that people will have no choice but to allow the government to confiscate their IRA and roll them into the "new and improved" Social Security "2". You've heard this before. Last year George Miller D Ca. sent up the first trial ballon on this topic. Lemmings that we are, we all scoffed at the proposal! This new plan will pay 3% and when you die, what's left of your pension goes back into the Ponzi Scheme, NOT YOUR KIDS!
→ You're right billb
Fri, 02/27/2009 - 07:54 ET by Cool ArrowWouldn't be bad idea to borrow from the 401k to is's fullest allowable.
I don't believe the marxist party will allow 401k's to stand in their current form. If I still had a house paymenht, I would borrow from myself to pay it off.
We've already pulled what
Fri, 02/27/2009 - 08:01 ET by motherbeltWe've already pulled what we could out of my husband's and are about to pull the rest as soon as we can (some little regs I'm not familiar with).
If The Obama has his way no one will be allowed to have their own private account...in the interests of "fairness" no one should have a better retirement than someone else!
I didn't think it was physically possible, but this both sucks and blows. -Bart Simpson
→ That's right mb
Fri, 02/27/2009 - 08:57 ET by Cool ArrowWhat you want to bet he's got his eyes on those pensions too?
Given the UAW pensions are soon to be fully funded by the US Gov.
I think i am going to be
Fri, 02/27/2009 - 09:31 ET by keeptherepublicI think i am going to be sick!!!
Liberalism always generates the opposite of its stated intent. - Jim Quinn's first law - from The Quinn and Rose Show.
→ Sorry Republic
Fri, 02/27/2009 - 09:36 ET by Cool ArrowBut this guy has one term to set this country on its socialist butt.
The more he accomplishes early, the more the sheep huddle and scrunch to the middle knowing the wolf always runs off with the outlier.
Let's shorten that 'one term' to two years, please! I do
Fri, 02/27/2009 - 19:40 ET by Cape Conservativebelieve Americans are slowly awakening to the monster they have placed in charge. All we can do is pray he doesn't totally destroy our country before then!
It is no dishonor to be in a minority in the cause of liberty and virtue. ~ Sam Adams
→ False panic?
Fri, 02/27/2009 - 08:54 ET by Cool Arrowthat's a redundant phrase, but I agreed with the concept.
Obama's Omnibus bill brought some highly significant healthcare businesses down yesterday. Anywhere from 2.8% to 5.0% losses for businesses like JNJ Pfizer, Novartis, Medtronics.
Don't tell me Obama doesn't know what he's doing. He's like the curvaceous girl washing the car in "Cool Hand Luke"
George Kennedy; "She don't know what she's doin' to us Luke"
Paul Newman: Oh, She knows. She knows.
Just had a scary
Fri, 02/27/2009 - 19:58 ET by RR GOPJust had a scary thought...how 'bout if they do a remake of Cool Hand Luke and they have Rosie O'Donnell playing Joy Harmon's part in that scene.
Ed Asner could play Dragline: "That's my Lucille. Looooosssssseeeeel."
Just thought I'd share. LOL
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.
→ CITI GOING DOWN?
Fri, 02/27/2009 - 09:07 ET by Cool ArrowCiti is down 99 cents pre-market. That's a 40% drop overnight.
Government is taking over 36% of Citi.
Bad day at Wall & Broad.
The only time the market went up was when the Republican
Fri, 02/27/2009 - 19:42 ET by Cape ConservativeHouse voted the first bailout DOWN! Ever since, we've been watching in horror as a lifetime of savings has disappeared!
Certainly hope the Democrats are watching and observing CLOSELY! I pray they will wake up and see the light come November 2010!
It is no dishonor to be in a minority in the cause of liberty and virtue. ~ Sam Adams
You have misremembered,
Fri, 02/27/2009 - 19:49 ET by JerYou have misremembered, Cape...
The market plunged several hundred points in reaction to that vote.
Jer
Jer... In reaction to that
Fri, 02/27/2009 - 19:56 ET by bigtimerJer...
In reaction to that vote passing.
bt...I was responding to
Fri, 02/27/2009 - 20:03 ET by Jerbt...I was responding to Cape's inaccurate statement.
Jer
Jer...and I was responding
Fri, 02/27/2009 - 20:05 ET by bigtimerJer...and I was responding to yours.
bt...Then I'm confused. Here is a link...
Fri, 02/27/2009 - 20:49 ET by Jerbt...Then I'm confused. Are you saying my response to Cape was incorrect?
Jer
edit: Cape Conservative said: "The only time the market went up was when the Republican house voted the first bailout DOWN!"
I disagreed. The market took a 778 point nosedive in the wake of that vote. Here is a link. This is not exactly ancient history.
Jer... LOL...well heck
Fri, 02/27/2009 - 21:04 ET by bigtimerJer...
LOL...well heck Jer...I hear confusion is a terrible state of mind...
Snap out of it!
Worthless Bailout Passes = DOW Keeps Tanking
Fri, 02/27/2009 - 20:09 ET by PopularTechThis is what happens when one president abandons free market principles and the new one is economically illiterate. Obama's tax policy and cap and trade plans is going to drive the economy straight into the ground. How many times does Socialism have to fail for people to wake up?
Obamas So-Called Stimulus: Good For Government, Bad For the Economy (Video) (Daniel J. Mitchell, Ph.D. Economics)
Carbon Dioxide (CO2) is Not Pollution
→ Right again PT
Fri, 02/27/2009 - 20:13 ET by Cool ArrowThere will always be the TRAP Bill for Dems to point to.
Bush and McCain got stupid, and Obama took over saying "I'll show you stupid"
We won the cold war! Why did we surrender?
Cool,
Fri, 02/27/2009 - 20:00 ET by R D HelmCorrect me if I am wrong, but once someone (or some thing) controls 40% of the stock, don't they pretty much control the company at that point?
-Dave
Our clueless political leaders are about to drive us all over a cliff. The time to HITM is now-before we go over.
→ Got that right RD
Fri, 02/27/2009 - 20:06 ET by Cool ArrowAnd the clincher is that the majority holder can demand those who come to that bank for loans use Union Labor only.
We are not yet aware of the many facets of deception in store for us.
We won the cold war! Why did we surrender?
Cool,
Fri, 02/27/2009 - 21:02 ET by R D HelmMy MO from here on out is, when the Obamanistas say they aren't going to do something, it means they are, and vice versa.
Damn, we are in real trouble.
-Dave
Our clueless political leaders are about to drive us all over a cliff. The time to HITM is now-before we go over.
§ Dave...You ARE WRONG!!!
Fri, 02/27/2009 - 21:27 ET by TheSterOnce the Govt. controls 40% of a Bank....
....AND has the Authority to allow free roaming CHIKENS in the Bank Lobby.....
....Then we are in TROUBLE!!!
Soooo...I'm standing in line at the Bank....
Ster.
My mind is a raging torrent, flooded with rivulets of thought cascading into a waterfall of creative alternatives.
Obama is a professional demagogue
Fri, 02/27/2009 - 09:50 ET by The Smokin FrogObama is a professional demagogue. It was more than apparent during the campaign. He said nothing and he said it repeatedly and the people swooned. I've never seen a swoon over politicians before. I always thought I needed a little more information than just two words 'hope and change'. There is still a swoon going on. The American Republic will be gone before his groupies figure out what they lost.
It's All Dirty Politics
He's a slick character
Fri, 02/27/2009 - 10:01 ET by MeanderingThe country is having trouble right now however, his plans do NOTHING to fix them but keep us in trouble for years. These guys are smart and know what they are doing. They know the history of the great depression and they are following right in the same footsteps as FDR only a war will not get us out of it. They want more people out of work so that more people are relying on the government for assistance which makes gov. bigger thereby needing more tax dollars. These sycophantic reporters and politicians need to do their jobs instead of trying to keep it by sucking up to the Obama Regime. We've got to stick to our values and vote these guys out in 2010 (and 2012 for Obama) with real fiscal conservatives that will bring our economy back from the brink.
NEVER let a good crisis go to waste! so speaketh Emanuel!
Fri, 02/27/2009 - 19:43 ET by Cape ConservativeIt is no dishonor to be in a minority in the cause of liberty and virtue. ~ Sam Adams
picked #1,but iwould add
Fri, 02/27/2009 - 10:17 ET by larry on LIall his friends are short the U.S. indexes .that includes comrade soros and comrade buffet
Not the Best Way to Ask this Question
Fri, 02/27/2009 - 10:47 ET by King of the BritonsThe economy is on the verge of collapse. There is ample evidence to support that as well as many historically accurate economists who say so as well (Peter Schiff, Jim Rogers). However, I believe that Obama is using that fact to advance a socialist, liberal agenda - without a doubt. We are headed for some very, very painful times from which we may not emerge looking the way we did before they occurred.
Curse those nitwit morons in D.C.! They are solely responsponsible for this mess. Curse them!
Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty or give me death!´´
--Patrick Henry
I voted no. I don't think
Fri, 02/27/2009 - 12:39 ET by MrDavisonI voted no. I don't think he's smart enough to manipulate the American people on his own. I don't think he's smart enough to come up with a novel idea on his own. I don't think he has any real visionary qualities. I truly think he's just the yes-man president that the liberal congress was dying for.
It is the Rahm Emmanuel types surrounding him and influencing him who are manipulating the big O which, in turn, manipulates the American public. They know what they're doing, O doesn't.
They will all get everything they want in the next 4 years because O-dopey will just keep saying "Sure, sounds good to me, where do I sign". In public he'll put on "the face" and talk about the tough decisions he's making. In private, he's voting present and Rahm and Co are making the decisions for him.
Am I getting the opposite of Karl Rove Derangement Syndrome or could there be some truth to this. Probably we'll never really know.
Well, that's what I think anyway.
-MrD
LOL...well this one is a
Fri, 02/27/2009 - 14:27 ET by bigtimerLOL...well this one is a no-brainer...
Of course it is A.
A for Agenda.
He is loathsome, despicable.
I can't help how I feel, I just got done listening to his phony tripe this morning ...what I could stand to listen to or watch of this that is...he standing before any of the military is very hard for me to take...period.
Nothing but lip-service....as the msm swoons...instead of bringing up his lying hypocrisy when it comes to this war.
bt - if it was hard for you and me to take - just imagine
Fri, 02/27/2009 - 19:48 ET by Cape Conservativehow hard it was for our servicemen and women to HAVE to be there!
Since day one, he hasn't even known when to return a salute! and I won't even go to the flag pin issue!
It is no dishonor to be in a minority in the cause of liberty and virtue. ~ Sam Adams
oops - double post ;-)
Fri, 02/27/2009 - 19:50 ET by Cape ConservativeGuess the site is getting a lot of action tonight ;-)
It is no dishonor to be in a minority in the cause of liberty and virtue. ~ Sam Adams
OH CC... That is the
Fri, 02/27/2009 - 19:55 ET by bigtimerOH CC...
That is the First thing I thought about today...especially knowing how the majority of them feel from what I have read, plus heard personally say what they think of him before the election, election day and since the election.
I will leave it at that.
d. Not exactly. He is
Fri, 02/27/2009 - 19:59 ET by Jerd. Not exactly. He is pushing his agenda. But economists and politicians from across the spectrum are simply reflecting unfortunate realities when they speak of the dire conditions currently plaguing the nation.
Jer
The Dire Consequences Facing the Nation = Obama
Fri, 02/27/2009 - 20:17 ET by PopularTechWhat is the worst thing you can do for an economy? Well if you have never studied economics, are clueless about history and have a habit of ignoring reality then you would do everything Obama is: Increase the Size of Government, Increase Government Spending, Raise Taxes and Add Regulations! The only question is how far does Obama need to drive the economy into the ground before people will realize what he is doing is wrong?
Keynesian Economics Is Wrong: Bigger Goverment Is Not Stimulus (Video) (Daniel J. Mitchell, Ph.D. Economics)
Carbon Dioxide (CO2) is Not Pollution
→ Only 4 years
Fri, 02/27/2009 - 20:20 ET by Cool ArrowObama can coinceivably keep the givaways going for 4 years, at which point he is reelected. The next 4 years are the killer.
We won the cold war! Why did we surrender?
FDR 2.0
Fri, 02/27/2009 - 20:47 ET by PopularTechThe Mythology of Roosevelt and the New Deal (Robert Higgs, Ph.D. Professor Emeritus of Economics)
Carbon Dioxide (CO2) is Not Pollution
FWK, dreamland in HELL
Fri, 02/27/2009 - 20:05 ET by upcountrywaterSQUISH BUSINESS
And as far as middle-class tax cuts are concerned, Obama’s
cap-and-trade program will be a huge across-the-board tax increase on
blue-collar workers, including unionized workers. Industrial production
is plunging, but new carbon taxes will prevent production from ever
recovering. While the country wants more fuel and power, cap-and-trade
will deliver less.
pURPLe pINKy
But is Barney Frank and
Fri, 02/27/2009 - 20:09 ET by RR GOPBut is Barney Frank and company still pushing the same BS with the mortgage industry that caused all this in the first place?
If so, then the economy isn't going to improve. As for the money they're throwing at this I could never see how it was going to help anyway. I still maintain they should have had the FHA take those risky mortgages and deal with the homeowners and free up the rest of the market, and for God's sake start breaking Fannie and Freddie.
We would still have a mess, but nowhere as big as this if these folks still got sub-prime or if they defaulted anyway without infecting everything across the board. That part of the equation was a government-created mess so the government had a moral obligation to deal with it, rather than sitting back and letting it poison the entire economy.
But, this is one instance where the Communists believe in laissez faire, because they had no intention of stopping what they were doing...and too many dumbass Americans out there don't want to deal with the boring economics of it. Noooooooo. They want some guy in a suit to 'fix' everything like they were taught Clinton did.
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.