Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
You might want to give a gander to XE - The World's Favorite Currency and Foreign Exchange Site and look at hard currency.
Since the election, the dollar has risen somewhat steadily to around .75€. That's quite a lot better than it was during most of the Bush administration.
Not to break iot to you but the market was tanking long before Obama took over... why would you think it wouldnt still aim for its equilibrium. The continued fall of the market has nothing to do with Obama... In a year after he has had an impact... then we can talk.
Until then you are just looking for something to blame him with so you can say see i TOLD YOU HE WAS BAD...
The big difference is 14K to 8K is approximately a 43% drop!
8K to 7K is approximately a 12% drop!
Or, if you were using 14K as your starting point, then going from 8K to 7K is only another 7% on top of the original 43% drop.
Or do Republicans use a different system of mathematics?
If Obama's plan fails it will leave our country not to our children but to foreign governments and other bond holders. When Obama is through the only way out would be a national bankruptcy chapter 7, with the world being the ones that will benefit. We could easily become a third world country. Let's hope that he did not hash out these plans too hastily or that he might change his mind before it is to late. Wow I just figured out what he meant by "Hope and Change".
Every time Obama, Pelosi and Reid announce a new policy the market tanks even lower. How far can down can they drive it? GWB comes in with the DJIA around 10,500. Bush and a republican congress drive it to it's historical peak of just over 14,000. Dems and Obama take control and we're now driving to go under 7,000.
And to show non-partisanship, I'll go back and acknowledge it grew steady under Clinton and a republican congress. In fact, Obama, Pelosi and Reid's policies have crushed the market worse than perhaps 99% of us reading this have ever seen.
Not the change I was hoping for. Let's hope they don't announce some new pork spending and debt increase again anytime soon.
OK, so let's say Obama spends the first few months of his administration on vacation or cutting brush and does NOTHING (YOURPLAN)....how EXACTLY will that help the economy.
oh, BTW, a chipmunk farted and the Dow dropped a half point...and the world ended...didja notice???
OK, so let's say Obama spends the first few months of his administration on vacation or cutting brush and does NOTHING (YOURPLAN)....how EXACTLY will that help the economy.
oh, BTW, a chipmunk farted and the Dow dropped a half point...and the world ended...didja notice???
The best way for Obama to nationalize everything, all the banks, all the business, health care, and so on is to bring about the collapse of the stock market. There will be no private investment in his economy. It's that simple. The government will control everything, everyone's labor will be owned by the government, the government will distribute the wealth as it sees fit. It's greedy after all to expect to benefit in any way from working hard, saving money, spending wisely. In Obama's government, those who don't work, who don't save money or spend it wisely will not be punished by their actions, in fact they stand to come out far ahead of those greedy hard workers.
The best way for Obama to nationalize everything, all the banks, all the business, health care, and so on is to bring about the collapse of the stock market. There will be no private investment in his economy. It's that simple. The government will control everything, everyone's labor will be owned by the government, the government will distribute the wealth as it sees fit. It's greedy after all to expect to benefit in any way from working hard, saving money, spending wisely. In Obama's government, those who don't work, who don't save money or spend it wisely will not be punished by their actions, in fact they stand to come out far ahead of those greedy hard workers.
So CLEARLY Bush was IN ON THIS EVIL PLAN since the Market collapse MOSTLY took place on HIS WATCH.
If Obama's plan fails it will leave our country not to our children but to foreign governments and other bond holders. When Obama is through the only way out would be a national bankruptcy chapter 7, with the world being the ones that will benefit. We could easily become a third world country. Let's hope that he did not hash out these plans too hastily or that he might change his mind before it is to late. Wow I just figured out what he meant by "Hope and Change".
Obama's plan WILL NOT fail, if everyone gets behind it, and supports him.
His stimulus plan is a realistic solution. He also has the advice and support of lots of the world's leading economists.
And Obama has young children too, whom he loves dearly. Do you actually think he would do anything which would create a world that would be bad for them?
Along with Obama's extremely high level of intelligence, he is also one of the most genuine and sincere men I have ever seen elected to public office.
When Obama first graduated Harvard Law School, he could have taken a position at any major law firm in the country. Instead, he moved to Chicago to help solve problems within inner-city black communities.
The changes Obama has been proposing for the country will help the vast majority of people.
He is trying to undo the tax benefits that large corporations and the wealthy receive, and focus on helping those that really need help.
Obama's plan WILL NOT fail, if everyone gets behind it, and supports him.
His stimulus plan is a realistic solution. He also has the advice and support of lots of the world's leading economists.
And Obama has young children too, whom he loves dearly. Do you actually think he would do anything which would create a world that would be bad for them?
Along with Obama's extremely high level of intelligence, he is also one of the most genuine and sincere men I have ever seen elected to public office.
When Obama first graduated Harvard Law School, he could have taken a position at any major law firm in the country. Instead, he moved to Chicago to help solve problems within inner-city black communities.
The changes Obama has been proposing for the country will help the vast majority of people.
He is trying to undo the tax benefits that large corporations and the wealthy receive, and focus on helping those that really need help.
Ignore the OP - his post indicates he thinks people are real real dumb...
The American public knows that the economic and stock market meltdown are the result of Dubya's mishandling of the economy, going way overboard on business deregulation, letting Wall Street run wild way too long, and allowing the sub-prime mess to roll so long as he could benefit from his 'Ownership Society' program.
Anyone with even half a brain knows that recessions build slowly (over years), and one as deep as this one takes longer to develop.
The American public knows that the economic and stock market plunge are Dubya's and his Republican minions' responsibility.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
