As the Dow keeps dropping,

[alienlovechild 75]

As the Dow keeps dropping,, the President is running out of people to blame.

It's Rush Limbaugh's fault. He's in control of the economy, Congress and the White House but you just don't know it because you're all watching Fox News.

[NickD 203]

Stocks are a crazy commodity, while you may own many shares in that company, you don't own the company. If you walk in and see a nice Bridgeport milling machine that you would like to have, you just can't take it home with you. Stocks do not really have a tangible value, I mean if you have ten bucks in your pocket, you know you have ten bucks, but really don't know what you have with stocks. A key factor in the value of those stocks is the demand, if a bunch of guys feel they can make a couple of bucks with a certain company, the deman as well as the price of that stock goes up. But exactly what does that represent? Somehow that company has to produce to kept the value of those stocks up. If not, the value goes way down.

While you may own a lot of shares in a company, that only gives you a little more say, but nothing like the board of directors nor the CEO, you are putting your faith in them. When you think about the stock system as a whole, it's really a very stupid system. Most of us, when we spend a buck, we like to get a bucks value for our money, never know with stocks.

But money is power, and the more money you have, the more power you have. If you gang up with a few others with lots of bucks, can decide to sell your stocks at one time. If the stocks just decline at 3% and fall that amount, can buy those back with a profit. How much profit? Just 3% of a billion bucks is 30 million bucks, not really a bad profit if can be done over a weeks time. Know guys that sit at their computer all day observing trends to predict, but if the powerful pull something, those trends don't mean #######. Helps to have insider knowledge, and the super rich have absolute control over the stock market.

Such is the case when we live in a society where less than 10% of the population controls over 90% of the cash, we 90% are nothing more than salves and only think we are free.

Teddy Roosevelt was the first president to see these holes in our system and did something about it. If Obama wants to help the majority, he had better follow Teddy than Abe. The president and the congress does have the power, if not being paid by the super rich, now that is a major problem.

Listened to an idiot on PBS radio regarding extra taxes for those earning more than $250K a year, but he put it in terms of running a small business where he would be paying a lot more taxes preventing his company from growing. What a liar? In the first place, putting money back into your business is 100% tax deductible. Any businessman knows that he is most successful if his net profit is zero at the end of the year. You don't pay taxes with a zero profit.

Now if this guy is pulling out $250K or more and putting that in his own pocket, yes, he would have to pay more taxes, but that money sure in the hell isn't going back into his business.

We have more damned liars in this country, but unfortunately, a greater share of idiots that listen to this ####### and abide by it. It's the super rich that are controlling the stock market, not the president, but the president and congress can if they have the will to do so. Bush was a lot more interested in his super rich buddies, than the rest of us. And we are paying the price.

[웃 910]

The economy started sinking in anticipation of B. Hussein Obama taking office. In the final January days of the great George W. Bush the markets realized who was about to take over and so the markets tumbled. When Obama (the worst possible choice for our country) took office on January 20th, bank stocks tumbled by as much as 40% and the Dow lost 332 points or 4.01%; sinking the Dow down to 7,950 points. That was just the beginning.

Anyone who thinks Obama is not the sole reason for this madness on Wall Street is out of their mind. Ok...That is a little extreme. He is not the sole reason but let's just say Wall Street is not giving him a warm welcome. Nothing much has changed since before he was elected. In fact, the only reason he got elected (besides the Obama media love affair brainwashing) is because the mess started BEFORE he was elected. Yes, Lehman went under BEFORE B. Hussein was elected, same with Bear Stearns, same with Washington Mutual, Freddie Mac, Fannie Mae, Merrill Lynch, and on down the line.

The glory days of George W. Bush and the Dow at 13,000 and 14,000 points; increasing every day (until last summer) are over. Enjoy the president you guys voted for: no experience, never ran a business, never ran a state, never ran a mile, chain smoker, radical friends, radical church, radical wife, radical views. The government is here to save the day!!!

[Nikita2Charles 32]

Amen Brother,

Bring back Bush for another 4 or 8 years, and Just imagine what the result would be? Would McCain be in a better Position, I hope people can be more realistic, you get extremist on both side, just as this guy hoping for Obama to fail, i don't any american had wished Bush failure and gross mismanagement of the country.

The economy started sinking in anticipation of B. Hussein Obama taking office. In the final January days of the great George W. Bush the markets realized who was about to take over and so the markets tumbled. When Obama (the worst possible choice for our country) took office on January 20th, bank stocks tumbled by as much as 40% and the Dow lost 332 points or 4.01%; sinking the Dow down to 7,950 points. That was just the beginning.

Anyone who thinks Obama is not the sole reason for this madness on Wall Street is out of their mind. Ok...That is a little extreme. He is not the sole reason but let's just say Wall Street is not giving him a warm welcome. Nothing much has changed since before he was elected. In fact, the only reason he got elected (besides the Obama media love affair brainwashing) is because the mess started BEFORE he was elected. Yes, Lehman went under BEFORE B. Hussein was elected, same with Bear Stearns, same with Washington Mutual, Freddie Mac, Fannie Mae, Merrill Lynch, and on down the line.

The glory days of George W. Bush and the Dow at 13,000 and 14,000 points; increasing every day (until last summer) are over. Enjoy the president you guys voted for: no experience, never ran a business, never ran a state, never ran a mile, chain smoker, radical friends, radical church, radical wife, radical views. The government is here to save the day!!!