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Old 03-03-2009, 02:11 PM
 
4,176 posts, read 5,469,964 times
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There has been increasing weakness in the Economy over the past few months and, of course, this has impacted the stock market (to the downside).

That said, anyone who knows anything about the Economy knows that the Obama agenda (more Government, more Federal spending, higher deficits, weaker Dollar, higher taxes, more unions, etc) is BAD for the Economy. Jim Cramer said exactly this in a recent CNBC clip.

Obama is toning down the blame Bush nonsense now that people are starting to see that he took a bad situation and is making it MUCH WORSE! Unfortunately, the Obamedia continues to carry water for him. The frustrating part is that Obama's policies are, for the most part, bad for ALL Americans, his supporters very much included.

Glenn Beck said the market decline since the peak (October 2007) was worth roughly $ 10.5 Trillion. I did a rough estimation and about 35% of this decline has taken place since 11/4/08. Had Obama announced a plan to cut corporate taxes and eliminate taxes on dividends and capital gains, it is reasonable to project that the market would at least be at the 11/4/08 level. That, alone, would be worth more than $ 3.5 Trillion to people invested in the market (including 401Ks, etc.) Obama WANTS things to get worse so people surrender more and more power to the Federal Government. If he thinks his plans will help the Economy (as measure by GDP, inflation, unemployment, stock market indices, etc) he is a complete moron. The reasonable assumption is that he is driving the Economy to s*** on purpose so he can expand Government's control of the Economy and our lives in general.

I never blame the Politicians. The voters must realize what Obama is trying to do and vote against him and the other Marxists in the (D) party.
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Old 03-03-2009, 02:19 PM
 
957 posts, read 907,063 times
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Quote:
Originally Posted by LIS123 View Post
That said, anyone who knows anything about the Economy knows that the Obama agenda (more Government, more Federal spending, higher deficits, weaker Dollar, higher taxes, more unions, etc) is BAD for the Economy. Jim Cramer said exactly this in a recent CNBC clip.
I wouldn't trust what a Wall Streeter says; they have their own agendas. More spending now is necessary to avoid an even worse depression that would cost many times as much. Obama shipped out $28 billion today in highway funds. Do those funds do good? Hell yeah they do. Not only does that create jobs, but also highways have been mostly neglected for 8 years. We'll pay far more than $28 billion to neglect them further. So the net cost is NEGATIVE. Republicans simply don't understand economic issues.
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Old 03-03-2009, 02:22 PM
 
9,856 posts, read 13,395,107 times
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Originally Posted by Heiwos View Post
I wouldn't trust what a Wall Streeter says; they have their own agendas. More spending now is necessary to avoid an even worse depression that would cost many times as much. Obama shipped out $28 billion today in highway funds. Do those funds do good? Hell yeah they do. Not only does that create jobs, but also highways have been mostly neglected for 8 years. We'll pay far more than $28 billion to neglect them further. So the net cost is NEGATIVE. Republicans simply don't understand economic issues.
How much will we pay if we neglect them further? And after the highways are fixed, where do those jobs go? Since you make the claims you do, I am assuming you have answers to these questions, right?
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Old 03-03-2009, 02:24 PM
 
1,643 posts, read 3,757,616 times
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Originally Posted by allydriver View Post
While the socialist and his cronies run the country down the chitter, us working, responsible taxpayers can't afford to get sleepy.
Resume your nap.
Great Post!
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Old 03-03-2009, 02:25 PM
Status: "Nobody's right if everybody's wrong" (set 4 days ago)
 
Location: New Albany, Indiana (Greater Louisville)
9,777 posts, read 21,084,837 times
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Under Republican control of the House & Senate the Dow increased from 3,800 to 12,000 (from 1994 to 2006)

Under Demoncrat control of the House & Senate the Dow has nearly been HALFED in just 2 years (12,000 to 6,700)

Chart of the Dow Jones Industrial Averages since 1974
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Old 03-03-2009, 02:26 PM
 
957 posts, read 907,063 times
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Quote:
Originally Posted by hnsq View Post
How much will we pay if we neglect them further? And after the highways are fixed, where do those jobs go? Since you make the claims you do, I am assuming you have answers to these questions, right?
If you don't think neglecting the highways will cost more than $28 billion, no evidence is going to satisfy you. It doesn't matter where the jobs go. We shouldn't fix anything unless we have a plan for jobs afterwards?
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Old 03-03-2009, 02:29 PM
 
957 posts, read 907,063 times
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Quote:
Originally Posted by censusdata View Post
Under Republican control of the House & Senate the Dow increased from 3,800 to 12,000 (from 1994 to 2006)

Under Demoncrat control of the House & Senate the Dow has nearly been HALFED in just 2 years (12,000 to 6,700)
Ah too bad so sad for your argument that the President writes the budget, not Congress. And who was the President during those times?
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Old 03-03-2009, 02:37 PM
 
10,543 posts, read 11,989,379 times
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Given the way the Dow fluctuates based on emotion and the news of the day, it does seem that neither the stimulus or the budget instilled a great deal of optimism in the markets.
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Old 03-03-2009, 02:46 PM
 
Location: NE Ohio
30,194 posts, read 16,573,628 times
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Quote:
Originally Posted by Bostonian123 View Post
I pay my bills with hope and change.
Change is about all you'll have left in your pocket when this guy gets through with us. I think a lot of people are feeling "short changed" right about now.

I didn't vote for him, but this affects everyone equally. People have lost half their retirement savings, or half their kids college funds. I read that people aren't even opening their statements, they are so depressed.

But it's not a time to be depressed. It's a time to take action. We need to stop this. Obama has no right to change our system of government the way he has stated he will do. We have a Constitution. He, and the Democrats (as well as Republicans) have sworn to uphold it. Not ignore it or change it.

It might take a citizens march on Washington D.C.

Obama said today that he "doesn't pay any attention to the day-to-day gyrations in the stock market". He added it's like a political poll. Right after this, the market took another big dive.

Can their be any doubt that what we see happening in the market is a reflection of Obama's policies? They cannot blame this on Bush. And it's interesting to not that since the Democrat's victory in Nov 2007, giving them control of both Houses of Congress, everything has been headed downward. That is when the recession began.

Last edited by nononsenseguy; 03-03-2009 at 02:59 PM..
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Old 03-03-2009, 02:49 PM
 
957 posts, read 907,063 times
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Quote:
Originally Posted by nononsenseguy View Post
Obama has no right to change our system of government the way he has stated he will do. We have a Constitution. He, and the Democrats (as well as Republicans) have sworn to uphold it. Not ignore it or change it.
Did you complain when Bush routinely flouted the Constitution? Obama has adhered to the Constitution.
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