Market closes nearly 20% down since Obama's inaug

[kaydee457 13]

More votes of confidence from the world markets over Obama's grand plan to repair the economy....Raise taxes in the midst of a recession, spend trillions on pork and entitlements, and keep repeating that this is a recession that he inherited...excuses, excuses...The democrats, Frank, Dodd, and Shumer brought us to where we are today by invoking faulty social engineering; the requirement that banks lower standards to make "affordable" loans to people that otherwise could not, and should not be allowed to have them.

What a moronic, nonsensical, ignorant path these yahoos have us on......This is change all right! Unfortunately it's not for the better!

This guy, and the dem's in congress make Jimmy Carter look like a pro!

[alienlovechild 75]

The markets are down because greedy capitalists have not yet heeded the words of hope and change yet.

[HAL 9000 96]

[Dan J 277]

More votes of confidence from the world markets over Obama's grand plan to repair the economy....Raise taxes in the midst of a recession, spend trillions on pork and entitlements, and keep repeating that this is a recession that he inherited...excuses, excuses...The democrats, Frank, Dodd, and Shumer brought us to where we are today by invoking faulty social engineering; the requirement that banks lower standards to make "affordable" loans to people that otherwise could not, and should not be allowed to have them.

What a moronic, nonsensical, ignorant path these yahoos have us on......This is change all right! Unfortunately it's not for the better!

This guy, and the dem's in congress make Jimmy Carter look like a pro!

What so just because a new guy is on office, the conditions creating the current market downturn are suppose to just go away?

The market the only or best indicator of overall economic health. During the great depression, the market recovered within a year, but we didn't get out of the great depression for another decade.

[rclouse 0]

Go away troll.

[NickD 202]

More votes of confidence from the world markets over Obama's grand plan to repair the economy....Raise taxes in the midst of a recession, spend trillions on pork and entitlements, and keep repeating that this is a recession that he inherited...excuses, excuses...The democrats, Frank, Dodd, and Shumer brought us to where we are today by invoking faulty social engineering; the requirement that banks lower standards to make "affordable" loans to people that otherwise could not, and should not be allowed to have them.

What a moronic, nonsensical, ignorant path these yahoos have us on......This is change all right! Unfortunately it's not for the better!

This guy, and the dem's in congress make Jimmy Carter look like a pro!

Write to Obama on his website and tell him how to fix it. I am sure he will listen to you. If you are married, complaining about stuff like this to your spouse doesn't do any good either. On the other hand, could be a very good thing, can buy stocks cheap and make a fortune, that is if you have a nice clear crystal ball.

[Jasman0717 9]

The markets are down because greedy capitalists have not yet heeded the words of hope and change yet.

And I don't think we have seen the end of it yet

[I AM NOT THAT GUY 5,715]

More votes of confidence from the world markets over Obama's grand plan to repair the economy....Raise taxes in the midst of a recession, spend trillions on pork and entitlements, and keep repeating that this is a recession that he inherited...excuses, excuses...The democrats, Frank, Dodd, and Shumer brought us to where we are today by invoking faulty social engineering; the requirement that banks lower standards to make "affordable" loans to people that otherwise could not, and should not be allowed to have them.

What a moronic, nonsensical, ignorant path these yahoos have us on......This is change all right! Unfortunately it's not for the better!

This guy, and the dem's in congress make Jimmy Carter look like a pro!

What so just because a new guy is on office, the conditions creating the current market downturn are suppose to just go away?

The market the only or best indicator of overall economic health. During the great depression, the market recovered within a year, but we didn't get out of the great depression for another decade.

Markets are forward looking. Evidently, the markets don't like what they see on the horizon.

[one...two...tree 2,762]

Go away troll.

That's too good not to post here. If I may.

One of the more unapologetically idiotic notions being advanced by certain conservative commentators is the idea that the poor performance of the stock markets represents a negative reaction to Barack Obama's stimulus package.

For one thing, the trading markets aren't gauges of overall economic health. They are gauges of future anticipated profits for the large corporations that make up their components. In the long run, certainly, these two things should be correlated. But they needn't be perfectly so: an oil price shock, for instance, is possibly good for the profitability of Exxon, while being damaging to the economy at large. Likewise, the announcement of a plan to take over and turnaround Citigroup, perhaps a necessary evil for economic recovery, would certainly not be good for Citigroup's shareholders, who would probably get wiped out in the process.

[spookyturtle 9,465]

More votes of confidence from the world markets over Obama's grand plan to repair the economy....Raise taxes in the midst of a recession, spend trillions on pork and entitlements, and keep repeating that this is a recession that he inherited...excuses, excuses...The democrats, Frank, Dodd, and Shumer brought us to where we are today by invoking faulty social engineering; the requirement that banks lower standards to make "affordable" loans to people that otherwise could not, and should not be allowed to have them.

What a moronic, nonsensical, ignorant path these yahoos have us on......This is change all right! Unfortunately it's not for the better!

This guy, and the dem's in congress make Jimmy Carter look like a pro!

But your buddy W created the mess.

[Danno 1,228]

More votes of confidence from the world markets over Obama's grand plan to repair the economy....Raise taxes in the midst of a recession, spend trillions on pork and entitlements, and keep repeating that this is a recession that he inherited...excuses, excuses...The democrats, Frank, Dodd, and Shumer brought us to where we are today by invoking faulty social engineering; the requirement that banks lower standards to make "affordable" loans to people that otherwise could not, and should not be allowed to have them.

What a moronic, nonsensical, ignorant path these yahoos have us on......This is change all right! Unfortunately it's not for the better!

This guy, and the dem's in congress make Jimmy Carter look like a pro!

But your buddy W created the mess.

While there might be "some" truth to that concept, one cannot use that endlessly.

Obama, is doing things which depress the markets rather than give hope.

He is watching the market go lower and lower (and with it peoples savings and retirement) and he seems indifferent.

[HAL 9000 96]

More votes of confidence from the world markets over Obama's grand plan to repair the economy....Raise taxes in the midst of a recession, spend trillions on pork and entitlements, and keep repeating that this is a recession that he inherited...excuses, excuses...The democrats, Frank, Dodd, and Shumer brought us to where we are today by invoking faulty social engineering; the requirement that banks lower standards to make "affordable" loans to people that otherwise could not, and should not be allowed to have them.

What a moronic, nonsensical, ignorant path these yahoos have us on......This is change all right! Unfortunately it's not for the better!

This guy, and the dem's in congress make Jimmy Carter look like a pro!

But your buddy W created the mess.

While there might be "some" truth to that concept, one cannot use that endlessly.

Obama, is doing things which depress the markets rather than give hope.

He is watching the market go lower and lower (and with it peoples savings and retirement) and he seems indifferent.

I couldn't agree with the part in bold more, Danno. Seriously. I mean... we can blame it also on Obama too once he's actually enacted his plan and enough of the fallout from Bush has gone away. Errr... I mean you couldn't blame him then either. Blaming the market losses on a preexisting free fall, though is more than lame. Its predictably... predictable.

[Dan J 277]

More votes of confidence from the world markets over Obama's grand plan to repair the economy....Raise taxes in the midst of a recession, spend trillions on pork and entitlements, and keep repeating that this is a recession that he inherited...excuses, excuses...The democrats, Frank, Dodd, and Shumer brought us to where we are today by invoking faulty social engineering; the requirement that banks lower standards to make "affordable" loans to people that otherwise could not, and should not be allowed to have them.

What a moronic, nonsensical, ignorant path these yahoos have us on......This is change all right! Unfortunately it's not for the better!

This guy, and the dem's in congress make Jimmy Carter look like a pro!

But your buddy W created the mess.

While there might be "some" truth to that concept, one cannot use that endlessly.

Obama, is doing things which depress the markets rather than give hope.

He is watching the market go lower and lower (and with it peoples savings and retirement) and he seems indifferent.

If we are expecting people to use the market to fund their own retirement, shouldn't we be expecting relative stability in the market? Instead of allowing behavior that allows the market to go wild swings of bubbles and recessions?

It would be a very big mistake to make policy decisions based on daily movement of the markets as generally only investors would benefit. The policy decisions need to encourage long term, stable growth of the markets, even if its at the cost of short term returns.

[spookyturtle 9,465]

More votes of confidence from the world markets over Obama's grand plan to repair the economy....Raise taxes in the midst of a recession, spend trillions on pork and entitlements, and keep repeating that this is a recession that he inherited...excuses, excuses...The democrats, Frank, Dodd, and Shumer brought us to where we are today by invoking faulty social engineering; the requirement that banks lower standards to make "affordable" loans to people that otherwise could not, and should not be allowed to have them.

What a moronic, nonsensical, ignorant path these yahoos have us on......This is change all right! Unfortunately it's not for the better!

This guy, and the dem's in congress make Jimmy Carter look like a pro!

But your buddy W created the mess.

While there might be "some" truth to that concept, one cannot use that endlessly.

Obama, is doing things which depress the markets rather than give hope.

He is watching the market go lower and lower (and with it peoples savings and retirement) and he seems indifferent.

The market went down waiting for a stimulus. The market went down after the stimulus was passed. Oil prices are falling, gas prices are rising. Yep, I'd rely on what the market does. The inverstors are fickle. Or maybe you think he can control the market?? You people kill me. The country is in the shitter beause of the prior administration, not the current one. The current one hasn't been in control long enough to ** things up yet.

Stimulating the economy is bad for the market? Only the ones that created the Wall Street mess would believe that.

Edited February 24, 2009 by spookyturtle

[Pinocchio Liberal 268]

He fvckin spends 787 billion yesterday and is talkin pay as we go today! Classic idjut! Where the hec is that brilliant tax cheat treasury secratary? That silver tongue has turned to pot metal He's draggin us straight to the peanut farm.

More votes of confidence from the world markets over Obama's grand plan to repair the economy....Raise taxes in the midst of a recession, spend trillions on pork and entitlements, and keep repeating that this is a recession that he inherited...excuses, excuses...The democrats, Frank, Dodd, and Shumer brought us to where we are today by invoking faulty social engineering; the requirement that banks lower standards to make "affordable" loans to people that otherwise could not, and should not be allowed to have them.

What a moronic, nonsensical, ignorant path these yahoos have us on......This is change all right! Unfortunately it's not for the better!

This guy, and the dem's in congress make Jimmy Carter look like a pro!

But your buddy W created the mess.

While there might be "some" truth to that concept, one cannot use that endlessly.

Obama, is doing things which depress the markets rather than give hope.

He is watching the market go lower and lower (and with it peoples savings and retirement) and he seems indifferent.

The market went down waiting for a stimulus. The market went down after the stimulus was passed. Oil prices are falling, gas prices are rising. Yep, I'd rely on what the market does. The inverstors are fickle. Or maybe you think he can control the market?? You people kill me. The country is in the shitter beause of the prior administration, not the current one. The current one hasn't been in control long enough to ** things up yet.

Stimulating the economy is bad for the market? Only the ones that created the Wall Street mess would believe that.

Dude keep inhaling, it will get better