1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. Discuss politics - join our community by registering for free here! HOP - the political discussion forum

Obama Bear Market Continues

Discussion in 'U.S. Politics' started by asur, Mar 9, 2009.

  1. asur

    asur New Member

    Joined:
    Feb 3, 2008
    Messages:
    1,100
    Likes Received:
    31
    Trophy Points:
    0
    The DOW dropped again in the US and the sad economic decline continues.
    No president in American history has destroyed so much wealth in so short
    a time. It's not coming back and we are headed for a depression.
    BO is stinking up the economy.

    But he doesn't care, he's rather sign stem cell bills and try to claim
    some unimportant success. The liberal rave about all this, while financial
    devastation is in view.

    Sooner or later Americans are gonna experience real pain.
    The economy is sinking big time right before our eyes, yet few are
    blaming the man responsible (Obama).



    PS:
    Liberal democrat Warren Buffet is predicting big inflation down the road.

    Let's hope Warren is wrong, which apparently he has been by losing so much money himself, this year. Had he voted differently...
     
  2. HankHill

    HankHill New Member

    Joined:
    Jan 15, 2009
    Messages:
    293
    Likes Received:
    2
    Trophy Points:
    0
    Location:
    With your mom
    The libs are drunk with power. Being denied it for 6 long years, they are trying to jam their entire insane agenda down our throats as fast as possible, to bring us "change".

    Too bad the "change" the libs wanted doesn't have a thing to do with the "change" people thought they were going to get. Change is not always a good thing.

    The economy really isn't of much interest to them, as they show you in their actions.
     
  3. pocketfullofshells

    pocketfullofshells Well-Known Member

    Joined:
    Jan 17, 2008
    Messages:
    12,009
    Likes Received:
    203
    Trophy Points:
    63
    Location:
    land of 10,000 lakes and 2 senators again
    Rush hopes he is right.

    and again its "Obama's" market now...a whole month into a long slide...Had nothing to do with 8 years of Republican white house...not its Obama ...
     
  4. Popeye

    Popeye Active Member

    Joined:
    Sep 3, 2007
    Messages:
    3,023
    Likes Received:
    10
    Trophy Points:
    38
    Location:
    Washington state
    Isn't it amazing, Obama's been in office approximately 45 days and according to the right wing nut jobs he's responsible for everything that the Bush White House brought down upon us.
     
  5. pocketfullofshells

    pocketfullofshells Well-Known Member

    Joined:
    Jan 17, 2008
    Messages:
    12,009
    Likes Received:
    203
    Trophy Points:
    63
    Location:
    land of 10,000 lakes and 2 senators again
    Yep, Bush's 8 years where perfect :)
     
  6. chestnut

    chestnut New Member

    Joined:
    Oct 21, 2008
    Messages:
    1,222
    Likes Received:
    10
    Trophy Points:
    0
    Well he hasn't done anything that has helped. He supposedly appointed "the most capable" people and had the "greatest economic and transition team ever" and ..nothing.

    It's clear to see that the driving force of the economy is not in sync with Obama's plans. They do not see an environment for business to thrive so they are not investing or growing their business. They are scaling back.

    Cap and trade - negative
    Tax over 200k negative
    Employee Free choice Act - negative
    cutting defense - negative
    No domestic drilling - negative
    Encouraging states to put more people on welfare - negative
    trillions and trillions in debt - negaitve
    Mortgage plans to help those who don't deserver it - negative

    These are the ideas he has put out and none of them are going to help the economy.

    The biggest single thing that congress should have done was to give all americans a payroll tax holiday for 6 months. That is some major incentive and it would have gotten in hands of Americans immediatly

    Now we are waiting for the money to slowly trickle in and for projects (which are not so shovel ready, I guess) to get started.

    He signed the schip into law which is going to tax smokers (which are all mostly the lower income level). How is that helping them with their spending. And when they buy less cigarettes and the tobacco companies lose money, that's less they can give to the government.

    It's all connected and Obama does not get it.
     
Loading...

Share This Page