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.
Again, you slither right by the announcements and comments he made after elected that sent the market into a nosedive.
More than one of them has slithered past that part of what you have been talking about. Could it be that the slitherers are some kind of liberals or just plain Obama supporters.
Have you ever seen my favorite nickname for Obama? It is Saint Barack of Hopenchange. That sounds just like what his supporters seem to think about him.
Remember when Bush was running deficits of about $400 billion - all the gnashing of teeth by the Left? Where are they now when obama has run up the deficit to nearly $2 Trillion?
So F' en what?
Top 10 Worst Stock Market Crashes: Current Crash Is A Chart Buster « Leatherhead Matters (http://leatherheadblog.com/2008/09/30/top-10-market-crashes/ - broken link)
read up and see why the stock market crashed many times in history. you'll find that some were attributed to wall street scandals, and wars. gnash on this for awhile, obama hater.
Funny how all the Bush apologists (or should I say slitherers?? ) used to try to blame all his pathetic time in office on Clinton. "The market takes time to respond", blah blah blah. Bush could not stop the steamrolling once he took office. Cute little fella, heh heh, only been there for 8 years, golly gee, what do you expect? Bush couldn't even pronounce economy to save his life.
Now Obama is still trying to figure out where to put his toothbrush in the Oval Office and all of a sudden he is to blame for the fiasco he was left with by 8 years of a clueless inept and completely out to lunch administration?
Remember when Bush was running deficits of about $400 billion - all the gnashing of teeth by the Left? Where are they now when obama has run up the deficit to nearly $2 Trillion?
Obama wants to increase taxes on businesses and [so-called] wealthy individuals. When this happens businesses pass along their increased costs to consumers for their goods and services, which decreases sales and any hopeful profits...causing many businesses to go out of business, which in-turn increases unemployment. This causes stagflation - high unemployment, rising prices but poor sales.
Likewise investors do not invest money in the stock market when businesses are struggling and less profitable...or going out of business. This causes a double-whammy for the stock market and stock prices decrease further. And when investors must pay higher taxes on their earnings (wages, capital gains and dividends) they have less money to invest in the stock market (even if they wanted to), thus creating a triple-whammy domino effect to the stock markets.
Investors and businesses hate Obama's economic plan, which equals a terrible future for the U.S. stock markets and likely a very scary scenario for the entire world.
Lastly, when the pent-up stimulus money socked back eventually hits the streets in two or three years there will be more (diluted/printed) money chasing fewer goods and services (fewer businesses and much lower inventory), which will cause inflation and likely hyper-inflation above 10% annually.
Thanks to Mr. Obama and his economic geniuses his plans will only drive the stock markets to new modern day lows, drive up unemployment to unprecedented levels, increase (not decrease) problems in the mortgage arena, and cause further havoc with banks, credit card companies, student loans, commercial properties, etc., etc. Likewise, Mr. Obama's economic plans will increase crime, divorce, health issues and all the other things when people are unemployed, losing their savings and possessions, mentally depressed and unhappy with life in general.
Is there any wonder why investors and businesses hate Obama's economic plans? Is there any wonder why the stock markets are tanking? Obama's economic plans will not work and the market knows it!
Obama wants to increase taxes on businesses and [so-called] wealthy individuals. When this happens businesses pass along their increased costs to consumers for their goods and services, which decreases sales and any hopeful profits...causing many businesses to go out of business, which in-turn increases unemployment. This causes stagflation - high unemployment, rising prices but poor sales.
Likewise investors do not invest money in the stock market when businesses are struggling and less profitable...or going out of business. This causes a double-whammy for the stock market and stock prices decrease further. And when investors must pay higher taxes on their earnings (wages, capital gains and dividends) they have less money to invest in the stock market (even if they wanted to), thus creating a triple-whammy domino effect to the stock markets.
Investors and businesses hate Obama's economic plan, which equals a terrible future for the U.S. stock markets and likely a very scary scenario for the entire world.
Lastly, when the pent-up stimulus money socked back eventually hits the streets in two or three years there will be more (diluted/printed) money chasing fewer goods and services (fewer businesses and much lower inventory), which will cause inflation and likely hyper-inflation above 10% annually.
Thanks to Mr. Obama and his economic geniuses his plans will only drive the stock markets to new modern day lows, drive up unemployment to unprecedented levels, increase (not decrease) problems in the mortgage arena, and cause further havoc with banks, credit card companies, student loans, commercial properties, etc., etc. Likewise, Mr. Obama's economic plans will increase crime, divorce, health issues and all the other things when people are unemployed, losing their savings and possessions, mentally depressed and unhappy with life in general.
Is there any wonder why investors and businesses hate Obama's economic plans? Is there any wonder why the stock markets are tanking? Obama's economic plans will not work and the market knows it!
Hmmm, so the CBO is projecting Obama will largely undo the damage Bush has done in the next few years relative to the monstrous deficit as share of GDP he left us with, looking at post 95 which the OP keeps begging us to review.
Thank goodness.
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.
) used to try to blame all his pathetic time in office on Clinton. "The market takes time to respond", blah blah blah. Bush could not stop the steamrolling once he took office. Cute little fella, heh heh, only been there for 8 years, golly gee, what do you expect? Bush couldn't even pronounce economy to save his life.
history repeats itself
