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.
Tuesday's losses were easily the worst in inaugural history, exceeding the 2.89% decline on the Dow when Lyndon B. Johnson assumed the presidency in 1963. Market observers said the selloff had less to do with Obama's policies and comments than the enormity of the task ahead of him.
Investors realizing it isn't just going to be a small recession but rather a depression. Most people I know are predicting high inflation so they are buying commodities like OIL.
The initial bailout high is slipping away. The junkies are posturing to return for more handouts without much evidence other than they smoked it up and are back at rock bottom.
As long as the same people are at the wheel, nothing will change...the same people who wrote the bad mortgages are still sitting there...the same CEO's who had the companies goes down, have to get them out of it....OMG!
Tuesday's losses were easily the worst in inaugural history, exceeding the 2.89% decline on the Dow when Lyndon B. Johnson assumed the presidency in 1963. Market observers said the selloff had less to do with Obama's policies and comments than the enormity of the task ahead of him.
Tuesday's losses were easily the worst in inaugural history, exceeding the 2.89% decline on the Dow when Lyndon B. Johnson assumed the presidency in 1963. Market observers said the selloff had less to do with Obama's policies and comments than the enormity of the task ahead of him.
I am no Obama fan!
...But President Obama endorsed $11 trillion dollars deficits and two wars from the Ex-President Bush. It is going to take sometimes to solve the problems!
Do you know $11 trillion dollars is about 8000 miles long...giving you the fact that a $100 bill is about 0.0043 inch thick! Going from New York City to L.A., California is about 2800 miles and it is about 50 hours drive!!!!!
It is not a small problem he got from Bush!
As long as the same people are at the wheel, nothing will change...the same people who wrote the bad mortgages are still sitting there...the same CEO's who had the companies goes down, have to get them out of it....OMG!
I have wondered about the same thing. To not replace these guys is like getting a botched up operation and then using the same doctor to fix it. Makes no sense.
I am no Obama fan!
...But President Obama endorsed $11 trillion dollars deficits and two wars from the Ex-President Bush. It is going to take sometimes to solve the problems!
Do you know $11 trillion dollars is about 8000 miles long...giving you the fact that a $100 bill is about 0.0043 inch thick! Going from New York City to L.A., California is about 2800 miles and it is about 50 hours drive!!!!!
It is not a small problem he got from Bush!
And with his experience.....well I guess we are in for a hell of a ride!
I am no Obama fan!
...But President Obama endorsed $11 trillion dollars deficits and two wars from the Ex-President Bush. It is going to take sometimes to solve the problems!
Do you know $11 trillion dollars is about 8000 miles long...giving you the fact that a $100 bill is about 0.0043 inch thick! Going from New York City to L.A., California is about 2800 miles and it is about 50 hours drive!!!!!
It is not a small problem he got from Bush!
lol yup. Obama is even saying flat out, "get prepared." Looks like we elected another Bush into office.
No shocker there.
Bush ran in 2001 on non-intervention policy, no nation building and humble foreign policy. He did the opposite.
I wouldn't be surprised if obama does the same. Yea he is going to change America, just not in the way you think!
The bailout is going to go through so that bounced financials back which in turn pushed the DOW up. It will come down again on continued bad news and more good money after bad is not going to solve the underlying problem.
Obama being a continuation of Bush is not very comforting.
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.
