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675 comments

1 Wishing  Mon, Mar 2, 2009 9:27:30am

Hope! Change!

2 kansas  Mon, Mar 2, 2009 9:27:32am

6,826.54
-236.39 (-3.35%)
Obama. My man.

3 FurryOldGuyJeans  Mon, Mar 2, 2009 9:27:50am

Happy, happy, joy, joy.

4 slotgun  Mon, Mar 2, 2009 9:27:50am

Jeez. Just impeach the guy now. That’s good for a3,000-point pop.

5 freedombilly  Mon, Mar 2, 2009 9:28:05am

This new administration sure is filling Wall Street with a lot of confidence, eh?

6 Hengineer  Mon, Mar 2, 2009 9:28:44am

I wouldn’t call it a yo-yo as much as a bag of bricks.

7 kansas  Mon, Mar 2, 2009 9:28:49am

Where is this AQ plant man getting his approval ratings?

8 Wishing  Mon, Mar 2, 2009 9:28:50am

What did 3Wood have to say today? He must be ready to head for the hills.

9 Timbre  Mon, Mar 2, 2009 9:28:54am

Where’s my anti-emetic?

10 Ben Hur  Mon, Mar 2, 2009 9:29:01am

“Yo” is code.

11 Dianna  Mon, Mar 2, 2009 9:29:02am

re: #5 freedombilly

This new administration sure is filling Wall Street with a lot of confidence, eh?

Why should Wall Street be any happier than the rest of us?

12 jamgarr  Mon, Mar 2, 2009 9:29:17am

Doesn’t it have to “Yo” every once in awhile to actually “Yo-Yo”?

13 CyanSnowHawk  Mon, Mar 2, 2009 9:29:26am

re: #8 Wishing

What did 3Wood have to say today? He must be ready to head for the hills.

He’s down to 1.5Wood.

14 Erik The Red  Mon, Mar 2, 2009 9:29:34am

Melt down on lane # 44. Please come and clean up this SHIT.

15 FurryOldGuyJeans  Mon, Mar 2, 2009 9:29:37am

re: #4 slotgun

Jeez. Just impeach the guy now. That’s good for a3,000-point pop.

Impeach him for what? You have to have actual criminal charges, you know.

And you seriously expect a Dem controlled Congress (House AND Senate) to file and act upon Articles of Impeachment? Dream on.

16 DaddyG  Mon, Mar 2, 2009 9:29:53am

Obama promised this to Joe the Plumber. It is not about generating wealth for all, it is about siphoning off what can be bled from the system and distributing it to the correct people and causes.

17 Diamond Bullet  Mon, Mar 2, 2009 9:29:55am

With the economy and the way Obama is printing money, the only good news is that by the time that blank $900 million check gets to the Palestinians it’ll only have the purchasing power of about three bags of flour.

18 gregg  Mon, Mar 2, 2009 9:29:55am

Doesn’t a yo-yo go up and down?

19 Hengineer  Mon, Mar 2, 2009 9:30:01am

re: #14 Erik The Red

Melt down on lane # 44. Please come and clean up this SHIT.

what?

20 Researcher...MO  Mon, Mar 2, 2009 9:30:09am

Ok, so tell me, it’s Bush’s fault, right? Again, right? The Eastern European banks have NOTHING to do with it , RIGHT?!?

21 JustABill  Mon, Mar 2, 2009 9:30:26am

I don’t think the Yo-Yo analogy fits, Yo-Yos occasionally go up…

22 Kragar  Mon, Mar 2, 2009 9:30:47am
23 J.D.  Mon, Mar 2, 2009 9:30:47am

re: #15 FurryOldGuyJeans

Impeach him for what? You have to have actual criminal charges, you know.

And you seriously expect a Dem controlled Congress (House AND Senate) to file and act upon Articles of Impeachment? Dream on.

We can “Hope”, can’t we?
I thought it was all about “Hope”.

24 Jack Burton  Mon, Mar 2, 2009 9:30:50am

re: #4 slotgun

Jeez. Just impeach the guy now. That’s good for a3,000-point pop.

Unfortunately being an idiot or a commie doesn’t qualify as “High Crimes and Misdemeanors”.

25 Ben Hur  Mon, Mar 2, 2009 9:30:57am

Amazing how Cheney can still pull this sh*t off from that secret office in his Winabago.

26 FurryOldGuyJeans  Mon, Mar 2, 2009 9:31:04am

re: #21 JustABill

I don’t think the Yo-Yo analogy fits, Yo-Yos occasionally go up…

They never do for me. :%P%

27 samsgran1948  Mon, Mar 2, 2009 9:31:20am

re: #4 slotgun

Jeez. Just impeach the guy now. That’s good for a3,000-point pop.

And you think Biden would be an improvement?

28 Honorary Yooper  Mon, Mar 2, 2009 9:31:23am

I feel like I’m watching a train wreck happening on the NYSE floor.

If this crap keeps up, we may be looking at either Obamadepression or Obamastagflation.

29 J.D.  Mon, Mar 2, 2009 9:31:58am

re: #22 Kragar (Proud to be Kafir)

Barry’s Economic Plan Graphic

The sunset is perfect.

I am so there.

30 SummerSong  Mon, Mar 2, 2009 9:32:09am

There is no reason to buy and every reason to sell.

31 Jack Burton  Mon, Mar 2, 2009 9:32:11am

re: #18 gregg

It was at -3.4% for the day and now its -3.2%. That’s “up” sorta.

32 Wishing  Mon, Mar 2, 2009 9:32:16am

re: #28 Honorary Yooper

I feel like I’m watching a train wreck happening on the NYSE floor.

If this crap keeps up, we may be looking at either Obamadepression or Obamastagflation.

May be?

33 MandyManners  Mon, Mar 2, 2009 9:32:19am

I HOPE EVERYONE WHO REFUSED TO VOTE FOR MCCAIN BECAUSE HE WASN’T CONSERVATIVE ENOUGH IS FUCKING HAPPY NOW!

34 Golem Akbar  Mon, Mar 2, 2009 9:32:27am

As someone pointed out earlier, we are going in the direction of Mugabe. /Good to have a direction.

35 Honorary Yooper  Mon, Mar 2, 2009 9:32:33am

re: #21 JustABill

I don’t think the Yo-Yo analogy fits, Yo-Yos occasionally go up…

True. This is more like a rocket sled to hell.

36 DaddyG  Mon, Mar 2, 2009 9:32:46am

The DOWn looks less like a Yo-Yo and more like a Yo-vinnie get the cement shoes.

37 Researcher...MO  Mon, Mar 2, 2009 9:32:47am

Oh, and a friend sent me an email today, something about Pelousy wanting a windfall profits tax on retirement accounts. Don’t know if it’s true, but I have to wonder just exactly what profits might be being referred to. So far, the only profit I have on stocks was made years ago, when for personal reasons I had to sell some high-performers. Good thing too, what was worth something then is worth nothing now.

38 FurryOldGuyJeans  Mon, Mar 2, 2009 9:32:54am

re: #27 samsgran1948

And you think Biden would be an improvement?

I have serious doubts he would be any worse, but then I have been wrong before.

39 JustABill  Mon, Mar 2, 2009 9:33:04am

re: #18 gregg

beat me by 31 sec…

40 Timbre  Mon, Mar 2, 2009 9:33:22am

Maybe Obama is the historical opposite of Herbert Hoover. Maybe 2012 will usher in a conservative evolution.

41 Athens Runaway  Mon, Mar 2, 2009 9:33:27am

re: #6 Hengineer

I wouldn’t call it a yo-yo as much as a bag of bricks.

What I came here to say, “It’s not a yo-yo, yo-yo’s go down and then BACK UP”.

I think a fun experiment to do on Wall Street would be to flash subliminal pictures of Obama on some set of days, pictures of Reagan on other days, and have totty pics be the control group’s pictures. See on which days the economy is the most stimulated.

42 DaddyG  Mon, Mar 2, 2009 9:33:38am

re: #33 MandyManners

I HOPE EVERYONE WHO REFUSED TO VOTE FOR MCCAIN BECAUSE HE WASN’T CONSERVATIVE ENOUGH IS FUCKING HAPPY NOW!


That never gets old.

43 Jetpilot1101  Mon, Mar 2, 2009 9:34:01am

The heavy hitters in the market are on the sidelines in cash and gold right now. No one can say for sure how much damage the Obama agenda will do to investments and capitalism as a whole. In my opinion, the DOW hasn’t hit a bottom and I think we’ll see 5000 if not 4000 before this is all said and done. For what it’s worth, my advice is to buy gold and if you are into a little risk, buy oil futures.

44 seekeroftruth  Mon, Mar 2, 2009 9:34:09am

re: #15 FurryOldGuyJeans

Impeach him for what? You have to have actual criminal charges, you know.

And you seriously expect a Dem controlled Congress (House AND Senate) to file and act upon Articles of Impeachment? Dream on.

You are right, of course. But, it is a nice dream of dumping this economy wrecker before he leaves me and many others totally broke by destroying 401K. IRAS, stocks, healthcare, job, and whatever else he can destroy…..

45 kansas  Mon, Mar 2, 2009 9:34:11am

Seriously, why is his approval rating staying up?

46 Honorary Yooper  Mon, Mar 2, 2009 9:34:14am

re: #38 FurryOldGuyJeans

I have serious doubts he would be any worse, but then I have been wrong before.

HTF could Biden be any worse!?! At least you know he’s consistently going to say stuff that makes Dan Quayle look like a rocket scientist.

47 Killgore Trout  Mon, Mar 2, 2009 9:34:28am

Yo-yo watch…..

48 Bloodnok  Mon, Mar 2, 2009 9:34:28am

re: #45 kansas

Seriously, why is his approval rating staying up?

Free stuff.

49 Erik The Red  Mon, Mar 2, 2009 9:34:36am

re: #19 Hengineer

what?

44 has made this shit. We need someone to clean up. The smart money is bailing out so fast that someone had better start getting the water out of this sinking ship and administration.

God help us. 6000 here we come.

50 jamgarr  Mon, Mar 2, 2009 9:34:36am

re: #39 JustABill

beat me by 31 sec…


What am I, chopped liver?

51 kansas  Mon, Mar 2, 2009 9:34:43am

re: #48 Bloodnok

Free stuff.

How can I get some?

52 Ben Hur  Mon, Mar 2, 2009 9:34:47am

I’m going to invest in the Pali stock market.

$2.48 BILLION.

53 J.D.  Mon, Mar 2, 2009 9:34:52am

re: #45 kansas

Seriously, why is his approval rating staying up?

They’re still hoping?

54 Honorary Yooper  Mon, Mar 2, 2009 9:35:07am

re: #40 Timbre

Maybe Obama is the historical opposite of Herbert Hoover. Maybe 2012 will usher in a conservative evolution.

I would hope for a fiscal conservative revolution (GO MITT!).

Obama is like Hoover and FDR rolled into one crap torilla.

55 debutaunt  Mon, Mar 2, 2009 9:35:09am

re: #31 ArchangelMichael

It was at -3.4% for the day and now its -3.2%. That’s “up” sorta.

RAL! LEY!

56 Hengineer  Mon, Mar 2, 2009 9:35:16am

re: #49 Erik The Red

44 has made this shit. We need someone to clean up. The smart money is bailing out so fast that someone had better start getting the water out of this sinking ship and administration.

God help us. 6000 here we come.

Oh you meant President #44, sometimes it goes right over my head

57 FrogMarch  Mon, Mar 2, 2009 9:35:38am

Who’s life-savings, financial assets and retirement nest eggs are in the crapper? raise your hand.

Thank you Obama. Now - just blame Bush and you can continue to screw us until your term is up. …we are counting the days.

58 J.S.  Mon, Mar 2, 2009 9:35:47am

CNN reports that the recession is worldwide, and that in Tokyo — in Tokyo of all places — tent cities are springing up. (homelessness)

59 soxfan4life  Mon, Mar 2, 2009 9:35:56am

re: #45 kansas

Seriously, why is his approval rating staying up?

With the media as his chief cheer leader how can he not stay up? When Oprah starts leading the cheer section you know things his numbers are bad.

60 avanti  Mon, Mar 2, 2009 9:35:56am

re: #18 gregg

Doesn’t a yo-yo go up and down?

There is a lot of capital sitting it out, waiting to steal some stock and they’ll jump in before it drops to 6000 and they’ll make mad make money on the upside in a year or two.

61 Ben Hur  Mon, Mar 2, 2009 9:36:08am

re: #45 kansas

Seriously, why is his approval rating staying up?

Do you actually think that his constituents have money in the markets, know what the markets are, or are paying attention to anything other than his covers on People Mag, Vanity Fair, Vogue, etc etc etc?

They only pay attention to what the Entertainment Wing of his regime puts out.

62 Jetpilot1101  Mon, Mar 2, 2009 9:36:10am

re: #45 kansas

Seriously, why is his approval rating staying up?

Rush was running some of those numbers this morning; Obama’s approval rating is at 60% but down from 70% a month ago. He also has lower approval then JIMMY CARTER did at the same time during his presidency. If this is any indication of where the economy is going, we are really F—-ed!

63 rawmuse  Mon, Mar 2, 2009 9:36:17am

Conditions are still not bad enough for America to want Change.
Not until America turns on a light switch and nothing happens.
Not until you can’t fill your gas tank at any price.
Not until every single person gets a ration for groceries.
Not until health care is denied to you because you are too fat, too old, you smoke, or drink.

Then, we may realize what an epic mistake we have made. Maybe.

64 Fat Bastard Vegetarian  Mon, Mar 2, 2009 9:36:21am

I think I saw Dick Cheney with a detonator over on Wall Street. Anybody else see that?

65 Amer-I-Can  Mon, Mar 2, 2009 9:36:26am

Did you take your dramamine? This kind of motion sickness could make for a real mess.

Hope and Change from “The One” (TM)

OTO, OTO, OTO

66 dentate  Mon, Mar 2, 2009 9:36:44am

re: #44 seekeroftruth

You are right, of course. But, it is a nice dream of dumping this economy wrecker before he leaves me and many others totally broke by destroying 401K. IRAS, stocks, healthcare, job, and whatever else he can destroy…..

Then, you will quickly need a reason to impeach Biden, who would be worse. Then what do you get after that—Hillary? Pelosi? No, the best hope here is to work to defeat the budget in Congress, and to work toward a massive turnover in the 2010 election.

67 Wishing  Mon, Mar 2, 2009 9:36:44am

re: #45 kansas

Seriously, why is his approval rating staying up?

His approval rating is up because there is a large number of people in this country who have been wanting to stick it to *the man* for a long time. The King of Nothing is the *man* killer.
He wants girly boys like himself flouncing around.

68 pat  Mon, Mar 2, 2009 9:37:15am

Who needs a stock market. Corporations are merely a step in the road to collectives. A remnant of capitalism.

69 Bloodnok  Mon, Mar 2, 2009 9:37:16am

re: #56 Hengineer

Oh you meant President #44, sometimes it goes right over my head

Me too. I went searching through threads looking at comment 44s.

70 Researcher...MO  Mon, Mar 2, 2009 9:37:17am

Even more mind boggling are the people who are still supporting bambi. We have one in our office who was actually angry at me for pointing out that the Dow has been falling ever since it looked like Bambi would win. She tried to say it was my opinion, which didn’t work, of course.

What really amazes me about this person is that she has a 6-yr old son, doesn’t she understand that his standard of living will probably never match her own? I decided at a young age not to have kids, and I am very glad I didn’t.

71 FurryOldGuyJeans  Mon, Mar 2, 2009 9:37:20am

re: #44 seekeroftruth

You are right, of course. But, it is a nice dream of dumping this economy wrecker before he leaves me and many others totally broke by destroying 401K. IRAS, stocks, healthcare, job, and whatever else he can destroy…..

I do believe there are some charges that could stick, such as his attempt to subvert the Constitution by assuming the responsibility of who does the census. But the political resolve to actually pull the trigger on the impeachment gun is weak to nonexistent.

72 Ben Hur  Mon, Mar 2, 2009 9:37:26am

Are you better off than you were a 4 weeks ago?

/Start the friggin TV ad campaigns!

73 soxfan4life  Mon, Mar 2, 2009 9:37:59am

re: #67 Wishing

His approval rating is up because there is a large number of people in this country who have been wanting to stick it to *the man* for a long time. The King of Nothing is the *man* killer.
He wants girly boys like himself flouncing around.

I know some girlie boys, and CBBHO you are a huge girlie boy.

74 Occasional Reader  Mon, Mar 2, 2009 9:38:15am

re: #61 Ben Hur

Do you actually think that his constituents have money in the markets

On that particular point… yes, a lot of them do. Affluent urban liberals. Of course, they’re busy blaming Bush.

75 J.S.  Mon, Mar 2, 2009 9:38:17am

re: #67 Wishing

Hey, I like your avatar!

76 JustABill  Mon, Mar 2, 2009 9:38:32am

re: #50 jamgarr

Your post was similar to mine, his almost identical.

77 Honorary Yooper  Mon, Mar 2, 2009 9:38:47am

re: #60 avanti

There is a lot of capital sitting it out, waiting to steal some stock and they’ll jump in before it drops to 6000 and they’ll make mad make money on the upside in a year or two.

I doubt it. If you take a look at the Great Depression, the capital sat out until after the two guys running the show were gone from office.

I say this lasts at least till 2012 before it gets better.

78 Amer-I-Can  Mon, Mar 2, 2009 9:38:48am

re: #45 kansas

Seriously, why is his approval rating staying up?

Because those who approve of him have NOTHING invested in our future. When you eat at the government trough, you have to appease “Dear Leader” to keep gettin’ that check.

79 jamgarr  Mon, Mar 2, 2009 9:38:53am

re: #76 JustABill

Your post was similar to mine, his almost identical.


Just funnin’ ya!

80 Fat Bastard Vegetarian  Mon, Mar 2, 2009 9:38:55am

I have the greatest excuse ever for doing nothing today. Shoveled the sidewalk, a spot in the grass for the dog to pee, and the driveway so my wife can park in the garage.

She’ll think it took 6 hours.

As she said this morning, out of shape, middle age man with a snow-shovel… Recipe for disaster.

81 FloridaAnole  Mon, Mar 2, 2009 9:39:01am

Well, ya gotta admit —CBBHO is pretty efficient when he sets out to do something; he and his little friends set out to tank the economy back in August, and they’re almost within sight of their goal. Hope all those CBBHO voters feel inspired by the noble sacrifice they’re making as their 401Ks tank — oh wait — 40% of them don’t work, and the rest are Holllywood & East Coast Zillionaires who have their $$$ stashed in the Cayman Islands or Zurich (although this last might be getting a little dicey, if recent news reports are to be believed.)

82 [deleted]  Mon, Mar 2, 2009 9:39:02am
83 soxfan4life  Mon, Mar 2, 2009 9:39:06am

re: #71 FurryOldGuyJeans

I do believe there are some charges that could stick, such as his attempt to subvert the Constitution by assuming the responsibility of who does the census. But the political resolve to actually pull the trigger on the impeachment gun is weak to nonexistent.

Don’t forget about the permanent D seat he wants to give DC. Constitution be damned.

84 Wishing  Mon, Mar 2, 2009 9:39:17am

re: #75 J.S.

Hey, I like your avatar!

Thanks! I found it with a bunch of Zoo-born type photos!

85 FurryOldGuyJeans  Mon, Mar 2, 2009 9:39:35am

re: #46 Honorary Yooper

HTF could Biden be any worse!?! At least you know he’s consistently going to say stuff that makes Dan Quayle look like a rocket scientist.

He could stumble bad enough to screw things up inadvertently at a worse level than O can deliberately.

I do believe Biden is not as sound an impeachment insurance policy for O as Cheney was for Bush.

86 debutaunt  Mon, Mar 2, 2009 9:39:43am

re: #78 Amer-I-Can

Because those who approve of him have NOTHING invested in our future. When you eat at the government trough, you have to appease “Dear Leader” to keep gettin’ that check.

Lizards are on the ‘do-not-call list.

87 Rexatosis  Mon, Mar 2, 2009 9:39:59am

The markets have rendered their judgement of the Obamastration’s ability to handle this crisis. Maybe Rahm and the White House staff should spend more time pouring over the details of the budget busting behemoths of pork being passed by a completely corrupt Congress and pull out the pork and earmarks as promised by the messiah instead of focusing their wrath on Rush Limbaugh and other irrelevencies.

88 Erik The Red  Mon, Mar 2, 2009 9:40:12am

re: #56 Hengineer

Oh you meant President #44, sometimes it goes right over my head

re: #69 Bloodnok

Me too. I went searching through threads looking at comment 44s.

Sorry I refuse to call him by his name. I will call him El Presidente but that is as far as I can go without puking.

89 avanti  Mon, Mar 2, 2009 9:40:25am

re: #45 kansas

Seriously, why is his approval rating staying up?

FDR was reelected in the depths of a depression, the voters don’t blame a popular President for not solving big problems fast.. If the economy is still tanking in 2 years, things will change.

90 Occasional Reader  Mon, Mar 2, 2009 9:40:25am

re: #83 soxfan4life

Don’t forget about the permanent D seat he wants to give DC. Constitution be damned.

And how long after that do you think they’ll turn to insisting we have two Senate seats as well? We’ll be the only city in the nation represented by two Senators! Hooray! Of course, they’ll be permanent Dem seats, by a remarkable coincidence.

91 JustABill  Mon, Mar 2, 2009 9:40:33am

re: #79 jamgarr

ok chopped liver…

92 soxfan4life  Mon, Mar 2, 2009 9:41:02am

re: #88 Erik The Red

Sorry I refuse to call him by his name. I will call him El Presidente but that is as far as I can go without puking.

He would like Comrade better than El Presidente.

93 seekeroftruth  Mon, Mar 2, 2009 9:41:18am

re: #66 dentate

I agree with you. I’m just beyond anger watching my hard earned money disappear. Time to redirect the anger to what we can do.

94 Charles Johnson  Mon, Mar 2, 2009 9:41:33am

The creationists at “Uncommon Descent” think Pamela Geller’s nasty post at UrbanDictionary.com is the height of wit.

[Link: www.uncommondescent.com…]

95 brookly red  Mon, Mar 2, 2009 9:41:40am

re: #60 avanti

There is a lot of capital sitting it out, waiting to steal some stock and they’ll jump in before it drops to 6000 and they’ll make mad make money on the upside in a year or two.

Well yes, that is probably true… but in a year or two literally millions of people will have been forced into government dependence.

96 FurryOldGuyJeans  Mon, Mar 2, 2009 9:41:42am

re: #60 avanti

There is a lot of capital sitting it out, waiting to steal some stock and they’ll jump in before it drops to 6000 and they’ll make mad make money on the upside in a year or two.

And your expertise for making such a patently outlandish statement is what?

Oh yeah, you believe in the O. That is your expertise.

97 soxfan4life  Mon, Mar 2, 2009 9:42:07am

re: #90 Occasional Reader

And how long after that do you think they’ll turn to insisting we have two Senate seats as well? We’ll be the only city in the nation represented by two Senators! Hooray! Of course, they’ll be permanent Dem seats, by a remarkable coincidence.

Surely he must have some goals for his 2nd term. Maybe the UN should have a house seat as well.

98 jorline  Mon, Mar 2, 2009 9:42:16am

“Barack / 08”
“Broke / 09”

A bumper sticker I saw the other day.

99 CyanSnowHawk  Mon, Mar 2, 2009 9:42:21am

re: #56 Hengineer

Oh you meant President #44, sometimes it goes right over my head

Don’t feel bad, I was checking previous postings that had at least 44 comments.

100 realwest  Mon, Mar 2, 2009 9:42:31am

re: #42 DaddyG
Obviously.

101 Ben Hur  Mon, Mar 2, 2009 9:42:33am

re: #94 Charles

The creationists at “Uncommon Descent” think Pamela Geller’s nasty post at UrbanDictionary.com is the height of wit.

[Link: www.uncommondescent.com…]

Saw that last week.

Ridiculous.

102 FurryOldGuyJeans  Mon, Mar 2, 2009 9:42:45am

re: #89 avanti

FDR was elected at the BEGINNING of the Great Depression and quickly did the most to reach the depths.

You are so fucking clueless about history.

103 jamgarr  Mon, Mar 2, 2009 9:42:50am

re: #91 JustABill

ok chopped liver…


That’s foie gras to you, sir!

104 Honorary Yooper  Mon, Mar 2, 2009 9:42:59am

re: #89 avanti

FDR was reelected in the depths of a depression, the voters don’t blame a popular President for not solving big problems fast.. If the economy is still tanking in 2 years, things will change.

And sometimes they get hoodwinked into voting for the guy who maintains the depression rather than fixing the depression with tried and true remedies. BHO is using FDR’s playbook, and I fear it will have the same results.

105 [deleted]  Mon, Mar 2, 2009 9:43:00am
106 Erik The Red  Mon, Mar 2, 2009 9:43:06am

re: #92 soxfan4life

He would like Comrade better than El Presidente.

I hear that enough here in Africa. If I hear that when I get back to the US I think my head will explode.

107 Researcher...MO  Mon, Mar 2, 2009 9:43:18am

So can anybody tell me if I should stop the 401K deductions from my paycheck. I don’t really want to ask the Edward-Jones guy…

108 Shr_Nfr  Mon, Mar 2, 2009 9:43:29am

Europe is doing even worse than we are. Off around 5%. There are massive problems in the Eastern European countries that may blow a lot of their banks out of the water.

109 Erik The Red  Mon, Mar 2, 2009 9:43:54am

re: #98 jorline

“Barack / 08”
“Broke / 09”

A bumper sticker I saw the other day.

I so want one.

110 bolivar  Mon, Mar 2, 2009 9:44:02am

re: #33 MandyManners

I HOPE EVERYONE WHO REFUSED TO VOTE FOR MCCAIN BECAUSE HE WASN’T CONSERVATIVE ENOUGH IS FUCKING HAPPY NOW!

Keep saying that my dear Mandy. As much as I didn’t approve of him the alternative we have now is much worse and will only keep getting worse because he hasn’t a fucking clue what he is doing. Genius my ass - this guy makes W look like Einstein - come to think of it the messiah’s entire cabinet and congress makes W look like Einstein. That is the scary part.

111 Hengineer  Mon, Mar 2, 2009 9:44:05am

re: #108 Shr_Nfr

Europe is doing even worse than we are. Off around 5%. There are massive problems in the Eastern European countries that may blow a lot of their banks out of the water.

So is the Euro going to fall worse than the dollar?

112 jorline  Mon, Mar 2, 2009 9:44:35am

re: #108 Shr_Nfr

Europe is doing even worse than we are. Off around 5%. There are massive problems in the Eastern European countries that may blow a lot of their banks out of the water.

World Markets

113 dentate  Mon, Mar 2, 2009 9:44:59am

re: #105 buzzsawmonkey

Coming next—US Government Printing Office produces dollar bills with disappearing ink!

On recycled toilet paper! Or should we use reusable cloth for that now?

114 wiffersnapper  Mon, Mar 2, 2009 9:45:12am

It’s like the scariest roller coaster ever, it keeps freefalling!

115 SlartyBartfast  Mon, Mar 2, 2009 9:45:20am

re: #45 kansas

Seriously, why is his approval rating staying up?

It’s not…Obama Popularity Plunges— Down 22 Points in 40 Days

116 wiffersnapper  Mon, Mar 2, 2009 9:45:39am

Correction, make that Tower of Doom, not roller coaster

117 Ojoe  Mon, Mar 2, 2009 9:45:41am

People considered in general shall have to rethink what they do, why they do it, and what is worth doing.

118 Kenneth  Mon, Mar 2, 2009 9:45:49am

re: #104 Honorary Yooper

The worst year of the Great Depression was 1932. If Obama likes to make comparisons between his stimulus package & the New Deal, he should realize, we are at 1931. The worse is yet to come.

119 Honorary Yooper  Mon, Mar 2, 2009 9:45:51am

re: #94 Charles

The creationists at “Uncommon Descent” think Pamela Geller’s nasty post at UrbanDictionary.com is the height of wit.

[Link: www.uncommondescent.com…]

I think this describes that website to a “T”:

“What an incredible smell you’ve discovered!”
- Han Solo after entering the garbage compaction chamber

120 Bloodnok  Mon, Mar 2, 2009 9:45:58am

re: #94 Charles

The creationists at “Uncommon Descent” think Pamela Geller’s nasty post at UrbanDictionary.com is the height of wit.

[Link: www.uncommondescent.com…]

What an absolute joke she is. That is the blog equivalent of scribbling someone’s name on the lavatory wall.

121 Ben Hur  Mon, Mar 2, 2009 9:46:06am

GLISTENING PECS, PEOPLE!

GLISTENING PECS!

/bbl

122 FurryOldGuyJeans  Mon, Mar 2, 2009 9:46:11am

re: #111 Hengineer

So is the Euro going to fall worse than the dollar?

So far the dollar has been a haven in a sea of uncertainty. O is doing his best to destroy the harbor.

123 dentate  Mon, Mar 2, 2009 9:46:54am

re: #94 Charles

The creationists at “Uncommon Descent” think Pamela Geller’s nasty post at UrbanDictionary.com is the height of wit.

[Link: www.uncommondescent.com…]

I think their bitterness and inability to do anything other than launch ad hominem attacks fits perfectly with the mindset of intelligent design (I can’t explain it, so it didn’t happen!) and that you should see it as a backhanded compliment to the importance of your blog.

124 Kenneth  Mon, Mar 2, 2009 9:46:59am

re: #111 Hengineer

Yes, Europe in general, and Eastern Europe in particular will suffer much more than the US in this crisis. East Asia also stands to lose heavily.

125 avanti  Mon, Mar 2, 2009 9:47:14am

re: #94 Charles

The creationists at “Uncommon Descent” think Pamela Geller’s nasty post at UrbanDictionary.com is the height of wit.

[Link: www.uncommondescent.com…]

Not very fond of you, or LGF are they ?

126 Bloodnok  Mon, Mar 2, 2009 9:47:15am

re: #122 FurryOldGuyJeans

So far the dollar has been a haven in a sea of uncertainty. O is doing his best to destroy the harbor.

Well, he is lowering the seas.

127 pink freud  Mon, Mar 2, 2009 9:47:30am

re: #114 wiffersnapper

It’s like the scariest roller coaster ever, it keeps freefalling!

No steel, nuts or bolts either. It’s held together and crafted from the gossamer strands of hope! and change!

128 gregg  Mon, Mar 2, 2009 9:47:34am

re: #20 Researcher…MO

Ok, so tell me, it’s Bush’s fault, right? Again, right? The Eastern European banks have NOTHING to do with it , RIGHT?!?

Probably not popular to say, but I personally think everyone has a share of the blame (Democrats, Republicans, Federal Reserve, borrowers and lenders). It’s like the world went mad and threw out every bit of fiscal sense.

129 Golem Akbar  Mon, Mar 2, 2009 9:47:36am

re: #109 Erik The Red

I so want one.


I like it. If I put it on my car, however, it would probably get keyed and
spraypainted. I live in L.A.

130 Catttt  Mon, Mar 2, 2009 9:47:42am

re: #94 Charles

The creationists at “Uncommon Descent” think Pamela Geller’s nasty post at UrbanDictionary.com is the height of wit.

[Link: www.uncommondescent.com…]

So has anyone posted one for her? It would have something to do with cleavage and politics and cleavage.

131 Dianna  Mon, Mar 2, 2009 9:47:43am

re: #94 Charles

The creationists at “Uncommon Descent” think Pamela Geller’s nasty post at UrbanDictionary.com is the height of wit.

[Link: www.uncommondescent.com…]

As usual, there is an inability to properly employ apostrophes. And a lack of coherence.

Someone, advise the lady on how to use grammar checker. It might not save her, but it might help.

132 [deleted]  Mon, Mar 2, 2009 9:47:48am
133 Honorary Yooper  Mon, Mar 2, 2009 9:48:07am

re: #124 Kenneth

Yes, Europe in general, and Eastern Europe in particular will suffer much more than the US in this crisis. East Asia also stands to lose heavily.

So, in other words, to put it mildly,
We’re fucked.

134 Kenneth  Mon, Mar 2, 2009 9:48:10am

#94 Charles

Who gives a toss what they think? You’ve been called worse things by better people.

135 blangwort  Mon, Mar 2, 2009 9:48:16am

We’re not flying, we’re falling with style (Toy Story).

/not sarc

136 gregg  Mon, Mar 2, 2009 9:48:26am

re: #31 ArchangelMichael

It was at -3.4% for the day and now its -3.2%. That’s “up” sorta.

You’re a “glass half full” kind of person!

137 CommonCents  Mon, Mar 2, 2009 9:48:46am

I’m scheduled to “receive” $312.00/yr more from my paycheck of my OWN MONEY with the porkulus plan.

Faruq in the Gaza strip is now scheduled to get ~$302/yr from my paycheck as planned by the great Obama Foriegn Policy plan. (based on CIA Fact Book population figures)

WTF!

138 subsailor68  Mon, Mar 2, 2009 9:48:49am

re: #102 FurryOldGuyJeans

FDR was elected at the BEGINNING of the Great Depression and quickly did the most to reach the depths.

You are so fucking clueless about history.

Yep. Hoover really helped him with the Smoot-Hawley tariff and the $500 million Farm Board debacle. Hoover’s policies were viewed as failures, and really opened the door to a thrashing by Roosevelt. But as you say, it was the beginning…the NRA, AAA, and WPC (among other “programs”) really tanked the country!

139 jorline  Mon, Mar 2, 2009 9:48:51am

I hate it when this administration talks about the see-saw markets.

I saw one positive day in the last two weeks and see a butt load of negative days.

140 Ojoe  Mon, Mar 2, 2009 9:48:59am

This internet thing still works.

BBL

141 Dianna  Mon, Mar 2, 2009 9:49:06am

re: #128 gregg

Probably not popular to say, but I personally think everyone has a share of the blame (Democrats, Republicans, Federal Reserve, borrowers and lenders). It’s like the world went mad and threw out every bit of fiscal sense.

You have a point.

But, oh, my, is Obama making things worse!

142 Salem  Mon, Mar 2, 2009 9:49:12am

You can’t win with Obama. If the market keeps going down that gives him a crisis and license to New Steal. If the market defies gravity and goes up it makes it look like he has credibility. If it’s stable, he can stay the course, which means anything he wants it to.

143 Jetpilot1101  Mon, Mar 2, 2009 9:49:13am

re: #128 gregg

Probably not popular to say, but I personally think everyone has a share of the blame (Democrats, Republicans, Federal Reserve, borrowers and lenders). It’s like the world went mad and threw out every bit of fiscal sense.

Bingo and an upding.

144 CyanSnowHawk  Mon, Mar 2, 2009 9:49:20am

re: #115 SlartyBartfast

It’s not…Obama Popularity Plunges— Down 22 Points in 40 Days

That does not bode well for the end of his 100 days, does it?

145 Unakite  Mon, Mar 2, 2009 9:49:28am

Robama Hood. Tax the producers and redistribute to the moochers.

146 Golem Akbar  Mon, Mar 2, 2009 9:49:42am

re: #130 Catttt

So has anyone posted one for her? It would have something to do with cleavage and politics and cleavage.


Ahem…let’s not knock cleavage…ahem.

147 J.D.  Mon, Mar 2, 2009 9:49:55am

Someone asked about Europe?

(RTTNews) - An emergency summit of the European Union (EU) leaders rejected Hungary’s call for a 180 billion-euro ($228 billion) aid package for Central and Eastern Europe, giving a clear message that the bloc was determined to avoid protectionist moves in response to the ongoing economic crisis.

The summit, convened at a time when the worst economic slump since World War II is devastating Central and Eastern Europe, did not announce any new EU aid package for the badly-hit economies of the region.

The European Commission fears that EU’s $17-trillion economy will shrink 1.8 percent this year, with the effects of the downturn being already manifested in the erstwhile Soviet bloc countries, including Latvia, Poland, Hungary, and Romania.

The summit also refused to concede the idea of a rescue package for automakers, out of concerns over budget deficits, and told car-makers, including General Motors’ European arm, to seek their parental governments’ help.

EU forecasts a sales drop of 18 percent in the automobile industry this year.

Despite the current trend of skyrocketing budget deficits, the EU set no deadline for governments to erase their deficits.

Sunday’s development exposed the beginning of a new east-west rift.

A pre-summit meeting by nine East European leaders warned the West against putting up a “new iron curtain” in Europe…five years after the EU opened its doors to the east.

The western bloc, led by Germany, took a strong stand against giving special consideration for the ex-communist economies of Eastern Europe.

“I see a very different situation—you can compare neither Slovenia nor Slovakia with Hungary,” German Chancellor Angela Merkel told reporters during the summit held in Brussels.

She was of the opinion that aid for Eastern Europe needed to be channeled through institutions like the International Monetary Fund.

Germany is the biggest contributor to the EU budget. …


EU rejects Eastern European plea for aid

148 Pyrocles  Mon, Mar 2, 2009 9:50:00am

Obama just inherited the mess from Bush. Now he has to fix it (by implementing Socialism) /

re: #45 kansas

Seriously, why is his approval rating staying up?

149 Fat Bastard Vegetarian  Mon, Mar 2, 2009 9:50:10am

Cool. I’m on an anti-creationist website.

HA! Losers!

150 MandyManners  Mon, Mar 2, 2009 9:50:13am

re: #45 kansas

Seriously, why is his approval rating staying up?

Class envy. There are many who believe that the stock market is only for rich people.

151 Honorary Yooper  Mon, Mar 2, 2009 9:50:13am

re: #131 Dianna

As usual, there is an inability to properly employ apostrophes. And a lack of coherence.

Someone, advise the lady on how to use grammar checker. It might not save her, but it might help.

Pam really needs to get a day job.

152 midwestgak  Mon, Mar 2, 2009 9:50:20am

DOW at 6823 -240. That’s approx -80 points each hour.

153 Leonidas Hoplite  Mon, Mar 2, 2009 9:50:23am

re: #118 Kenneth

The worst year of the Great Depression was 1932. If Obama likes to make comparisons between his stimulus package & the New Deal, he should realize, we are at 1931. The worse is yet to come.

The worst year for the stock market was 1932 - I beleive the worst year for the Great Depression came later. 1936 or 1937…can someone check their copy of Forgotten Man?

154 nyc redneck  Mon, Mar 2, 2009 9:50:33am

the stock market is tanking because people who really work and produce know what it is going on.
they have no confidence in O. he is out to destroy the system that has afforded success for people who actually do something.
what will be left of the pie for them when O shrinks it w/ his taxes, penalties and entitlement programs?
socialism is a dream killer.

155 FrogMarch  Mon, Mar 2, 2009 9:50:40am

I’m listening to Mike Rosen talk to Colorado Governor Bill Ritter on the radio this AM. Ritter laughed when Rosen suggested that teachers unions have too much power and that we should eliminate tenure. (we should be able to fire bad teachers.) Ritter mentioned the governors meeting with the President last week. blah blah blah - The dems have mastered the art of all talk and no action.

156 yenta-fada  Mon, Mar 2, 2009 9:50:54am

re: #43 Jetpilot1101

England will print money to buy up everything.
[Link: www.telegraph.co.uk…]

Cash (some at home), gold, silver, necessities from the supermarket that have a long shelf life, family, and friends, and faith. All will get you through the inflationary times with less pain. Not necessarily in that order, and probably an incomplete list. There may be a bank “holiday” at some point where you will NOT be able to get at your money while things are sorted out. Act accordingly. Again, do your own due diligence, etc. I have acted on this for the past eight years and, so far, it is working well.

157 Shr_Nfr  Mon, Mar 2, 2009 9:51:33am

Bambi’s Rasmussen approval rating has now it a new low at +10. Strong Approves - Strong Disapproves [Link: www.rasmussenreports.com…]

158 avanti  Mon, Mar 2, 2009 9:51:39am

re: #96 FurryOldGuyJeans

And your expertise for making such a patently outlandish statement is what?

Oh yeah, you believe in the O. That is your expertise.

No, it’s from my broker who pulled me out when the market was 20% higher and just called saying he was getting ready to jump back in on selected stocks this week.

159 bolivar  Mon, Mar 2, 2009 9:51:50am

re: #137 CommonCents

I’m scheduled to “receive” $312.00/yr more from my paycheck of my OWN MONEY with the porkulus plan.

Faruq in the Gaza strip is now scheduled to get ~$302/yr from my paycheck as planned by the great Obama Foriegn Policy plan. (based on CIA Fact Book population figures)

WTF!

Nope, the money you are not paying now will be paid when you do your taxes. Heard this on Limbaugh Friday and am waiting for somebody to confirm it. If true it needs to be broadcast loud and clear. They can take their lies and stuff them up their smelly butts.

160 Catttt  Mon, Mar 2, 2009 9:52:19am

re: #131 Dianna

As usual, there is an inability to properly employ apostrophes. And a lack of coherence.

Someone, advise the lady on how to use grammar checker. It might not save her, but it might help.

She does seem to be quite fond of sentence fragments.

161 nyc redneck  Mon, Mar 2, 2009 9:52:24am

i hope the socialist-n-chief FAILS.

162 CyanSnowHawk  Mon, Mar 2, 2009 9:52:38am

re: #139 jorline

I hate it when this administration talks about the see-saw markets.

I saw one positive day in the last two weeks and see a butt load of negative days.

That’s what happens when you have the consumer on one side and a great big engorged government on the other.

163 Dianna  Mon, Mar 2, 2009 9:52:39am

re: #151 Honorary Yooper

Pam really needs to get a day job.

And deprive people of her insights?! Never!

(Actually, I have no idea of her circumstances, and I’m just being nasty. That piece was remarkably vile, and cheap.)

164 jaunte  Mon, Mar 2, 2009 9:52:40am

re: #131 Dianna

Does “formally” conservative mean the same as ‘formerly’ conservative, or does that post at Uncommon Descent imply we’re dressing up?

165 subsailor68  Mon, Mar 2, 2009 9:52:46am

re: #153 Leonidas Hoplite

The worst year for the stock market was 1932 - I beleive the worst year for the Great Depression came later. 1936 or 1937…can someone check their copy of Forgotten Man?

I’d have to go back and look, but if IIRC you’re right. At least there was a big dip in one of those years…kind of like a second great depression folded into the overall Great Depression. If I can get some time, I’ll see if I can find the reference.

166 Jetpilot1101  Mon, Mar 2, 2009 9:52:49am

I HOPE BARACK OBAMA FAILS!

167 Unakite  Mon, Mar 2, 2009 9:52:56am

re: #31 ArchangelMichael

It was at -3.4% for the day and now its -3.2%. That’s “up” sorta.

Uptick. Now you can sell short.

168 avanti  Mon, Mar 2, 2009 9:53:17am

re: #128 gregg

Probably not popular to say, but I personally think everyone has a share of the blame (Democrats, Republicans, Federal Reserve, borrowers and lenders). It’s like the world went mad and threw out every bit of fiscal sense.

Yes, it’s not a GOP/Democrat thing or even just a USA deal, it’s world wide.

169 Researcher...MO  Mon, Mar 2, 2009 9:53:30am

re: #128 gregg

I would agree with that!

170 jaunte  Mon, Mar 2, 2009 9:53:51am

re: #150 MandyManners

Class envy. There are many who believe that the stock market is only for rich people.

One woman I work with is still celebrating the fact that she’ll get a tax break.
She has the blinders welded on.

171 Dianna  Mon, Mar 2, 2009 9:54:04am

re: #160 Catttt

She does seem to be quite fond of sentence fragments.

Yes, she does. I wonder if she ever proof-reads?

172 CyanSnowHawk  Mon, Mar 2, 2009 9:54:05am

re: #146 Golem Akbar

Ahem…let’s not knock cleavage…ahem.

No, lets appreciate and admire it.

173 Shr_Nfr  Mon, Mar 2, 2009 9:54:28am

re: #111 Hengineer

Hard to say what is going to happen, but there are some pretty sick easter european countries. Latvia is about on the edge of default. Other places like Bulgaria are not far away. The EU is starting to go into every man for himself and the devil take the hindmost mode. [Link: online.wsj.com…] A lot of quasi-protectionist stuff going on. Not at all good.

174 FurryOldGuyJeans  Mon, Mar 2, 2009 9:54:35am

re: #153 Leonidas Hoplite

The worst year for the stock market was 1932 - I beleive the worst year for the Great Depression came later. 1936 or 1937…can someone check their copy of Forgotten Man?

The worst was 1929, which started the whole slide. 1932 was IIRC the worst overall year.

The Great Depression was a delayed reflection of market uncertainty by several years.

175 debutaunt  Mon, Mar 2, 2009 9:54:36am

re: #164 jaunte

Does “formally” conservative mean the same as ‘formerly’ conservative, or does that post at Uncommon Descent imply we’re dressing up?

hahahahahahhahahahaa

176 Honorary Yooper  Mon, Mar 2, 2009 9:54:44am

re: #163 Dianna

And deprive people of her insights?! Never!

(Actually, I have no idea of her circumstances, and I’m just being nasty. That piece was remarkably vile, and cheap.)

So am I, as that bathroom graffiti was vile and cheap. Wait, I’ve seen bathroom graffiti with more redeeming qualities than Pam’s Urban Dictionary scrawl.

177 nyc redneck  Mon, Mar 2, 2009 9:54:47am

re: #166 Jetpilot1101

I HOPE BARACK OBAMA FAILS!

LOL, see my post # 161.
i’m listening to rush ( too)

178 Afrocity  Mon, Mar 2, 2009 9:54:47am

I just made my monthly payment on my student loan to the US Dept. Of Education. The only debt I have.

Thanks America for sending me to college and graduate school.

179 Catttt  Mon, Mar 2, 2009 9:54:55am

I think a hunk of voters - the swing hunk - voted for the O the same way people smack the side of a computer or TV (once upon a time) to see if it will shake things up and get it working. Those people will not do so again. IMHO.

180 J.S.  Mon, Mar 2, 2009 9:55:04am

re: #94 Charles

What’s with all of Dembski’s Canadian connections? Is it because he falls in league with silencing/censoring any critics? An advocate of the HRC”s concept of “free” or not-so-free Speech? along with, of course, the obligatory ad hominem attacks. I suspect that must be it…here’s a Wiki article, re: his web blog..

181 Wishing  Mon, Mar 2, 2009 9:55:09am

re: #154 nyc redneck

what will be left of the pie for them …

AIG?

182 Bloodnok  Mon, Mar 2, 2009 9:55:16am

re: #142 Salem

You can’t win with Obama. If the market keeps going down that gives him a crisis and license to New Steal. If the market defies gravity and goes up it makes it look like he has credibility. If it’s stable, he can stay the course, which means anything he wants it to.

Exactly. This crisis is not “going to waste”.

183 MandyManners  Mon, Mar 2, 2009 9:55:24am

Using borrowed money for a band-aid bailout of the economy should seem backwards to most people. However, it likely is a planned strategy to promote radical change. Those naively believing that President Obama is simply rewarding his far-left base, and will then move to the political center, must wise up.

The assumption that Obama will need the nation to prosper in order to protect the 2010 mid-term election incorrectly assumes that he esteems free market capitalism. He does not. Rather than win through superior ideas and policies, the Democrat plan for success in the mid-term elections is to win by destroying political opposition.

Obama adheres to the Saul Alinksy Rules for Radicals method of politics, which teaches the dark art of destroying political adversaries. However, that text reveals only one front in the radical left’s war against America. The Cloward/Piven Strategy is another method employed by the radical Left to create and manage crisis. This strategy explains Rahm Emanuel’s ominous statement, “You never want a serious crisis to go to waste.”

The Cloward/Piven Strategy is named after Columbia University sociologists Richard Andrew Cloward and Frances Fox Piven. Their goal is to overthrow capitalism by overwhelming the government bureaucracy with entitlement demands. The created crisis provides the impetus to bring about radical political change.

SNIP

184 Kenneth  Mon, Mar 2, 2009 9:55:37am

re: #133 Honorary Yooper

Yes. I’ve posted this before, so in case you missed it and have an hour to spend finding out how bad the next few years are going to be, this is a much watch video:

Niall Ferguson Lecture: ‘There will be blood’

Executive summary:

- we haven’t seen the worse yet
- several European banks will collapse in the next few weeks
- Europe & east Asia will be hardest hit, expect riots & gov’ts to fall
- the US stimulus package won’t help
- the Fed will be forced to print money, pushing inflation
- Russia will stir up trouble in the Middle East & reassert her power in eastern Europe
- the US dollar will remain the world reserve currency, because of US political stability and the rule of law, & since there is no real alternative to the dollar
185 kansas  Mon, Mar 2, 2009 9:55:44am

Happy Days

[Link: www.breitbart.com…]

186 pittrader1988  Mon, Mar 2, 2009 9:55:50am

I am a trader. Not difficult to see what happened to this market. Take a look at the chart of the S+P. In October, Obama overtook McCain in the polls. Look at the market since then. If you sold any bounce, you’d have made money.

This will continue. Obama and his advisors, and administration think they are above the law of economics. Keynes twisted economic theories, and they work for short term stimulus. However, Adam Smith postulated the true way back in 1774.

The invisible hand will swat the best laid plans by Pelosi, and the rest of them.
Central planning never works. It always fails.

Dow will trade 5400, probably 2700. I am not trying to be reactionary, or shocking for attention. In 2000, on Bloomberg Television, I said the NASDAQ would trade 1500 when it was around 5000. I saved the tape.

There is a good editorial in the Financial Times by Clive somebody. Obama will destroy wealth, and the American economy.

187 Fat Bastard Vegetarian  Mon, Mar 2, 2009 9:55:50am

re: #178 Afrocity

Too cool. Make low payments. Gonna be a teensy tiny debt in a few months.

188 debutaunt  Mon, Mar 2, 2009 9:55:59am

re: #168 avanti

Yes, it’s not a GOP/Democrat thing or even just a USA deal, it’s world wide.

Soros sold the world short?

189 CyanSnowHawk  Mon, Mar 2, 2009 9:56:01am

re: #152 midwestgak

DOW at 6823 -240. That’s approx -80 points each hour.

That’s on pace for an under 6500 close. Unless trading controls step in first.

190 Shr_Nfr  Mon, Mar 2, 2009 9:56:05am

At this point, its a sell what you can, not what you want market.

191 Dianna  Mon, Mar 2, 2009 9:56:23am

re: #164 jaunte

Does “formally” conservative mean the same as ‘formerly’ conservative, or does that post at Uncommon Descent imply we’re dressing up?

I think “formally” is a put-down, implying that many of us who identify ourselves as conservatives are in lock-step. Clearly, this is not true; almost every one of us, if asked to define our “conservatism”, would differ sharply on many points.

About all we agree on seems to be the need for individual rights and individual liberty.

192 kansas  Mon, Mar 2, 2009 9:56:35am

re: #142 Salem

You can’t win with Obama. If the market keeps going down that gives him a crisis and license to New Steal. If the market defies gravity and goes up it makes it look like he has credibility. If it’s stable, he can stay the course, which means anything he wants it to.

If the market goes up he talks it down.

193 FurryOldGuyJeans  Mon, Mar 2, 2009 9:56:40am

re: #178 Afrocity

I just made my monthly payment on my student loan to the US Dept. Of Education. The only debt I have.

Thanks America for sending me to college and graduate school.

You’re welcome, having done my part of helping collateralize that loan. ;)

194 Ben Hur  Mon, Mar 2, 2009 9:56:42am

re: #151 Honorary Yooper

Pam really needs to get a day job.

Pam has already had too many “jobs.”

Some women don’t know when to stop.

/bbl, really this time.

195 Rexatosis  Mon, Mar 2, 2009 9:56:57am

RE #33 Mandymanners

Unfortunately “South Park” has it right. Elections are usually a choice between a “turd sandwich” and a “giant douche.” If you are waiting for a filet you’ll be waiting forever. One’s got to assess the candidate’s positions and figure out if the “turd sandwich” has enough fiber in it to do you some good or if the “giant douche” will really clean you up rather than clean you out. Our problem as a nation is too many people who understand their choice is between a “turd sandwich” and a “giant douche” refuse to vote and cede the choice to a bunch of dimwits who think the sh*t in the “turd sandwich” doesn’t stink and the “giant douche” is really champagne.

I held my nose but I chose.

196 captdiggs  Mon, Mar 2, 2009 9:57:08am

Obama’s announcement of higher taxes, especially on capital gains, was the kiss of death.

197 Erik The Red  Mon, Mar 2, 2009 9:57:28am

re: #166 Jetpilot1101

I HOPE BARACK OBAMA FAILS!

I agree and disagree. If 44 fails he will do so much damage it will take years to recover. I think he needs to find some traction and just keep the seat warm until 2012.

198 J.D.  Mon, Mar 2, 2009 9:57:40am
199 Honorary Yooper  Mon, Mar 2, 2009 9:57:49am

re: #174 FurryOldGuyJeans

The worst was 1929, which started the whole slide. 1932 was IIRC the worst overall year.

The Great Depression was a delayed reflection of market uncertainty by several years.

1929 was the huge stock market slide, but the worst years were yet to come. The economy sild down to 1933, picked up slightly for 1934, slid for 1935, stayed steady for 1936, and plunged yet again, and deeper, for 1937 and 1938. The depression didn’t really end until the middle of WWII when FDR dropped the anti-business attitude. Business was still weary until Truman became President in 1945.

200 FloridaAnole  Mon, Mar 2, 2009 9:58:04am

re: #89 avanti

FDR was reelected in the depths of a depression, the voters don’t blame a popular President for not solving big problems fast.. If the economy is still tanking in 2 years, things will change.

The Great Depression was still going full blast until December 1941 despite all that FDR and his Brain Trust could do; It was Hirohito and Adolf Hitler that got us out of the Great Depression.

Unfortunately for CBBHO’s attempt to channel FDR, we no longer have much of an industrial base to serve as a recovery engine. We rely on other countries for most of our manufactured goods, and for much of our agricultural produce. I don’t think the combined efforts of 1,700,000 journalists, Harvard School of Public Policy apparatchiks and yuppie bond traders can pull us out of this death spiral.

Well, maybe one of Rahm Emanuel’s button men will get caught breaking into Republican HQ, and then …

201 Shr_Nfr  Mon, Mar 2, 2009 9:58:06am

re: #188 debutaunt

Probably. Please understand how he functions. He pays to get inside information on macro policy and then makes macro bets.

202 Dianna  Mon, Mar 2, 2009 9:58:11am

re: #178 Afrocity

I just made my monthly payment on my student loan to the US Dept. Of Education. The only debt I have.

Thanks America for sending me to college and graduate school.

Thank you for paying your loans! It’s a wonderful demonstration of how to do things right.

203 subsailor68  Mon, Mar 2, 2009 9:58:15am

re: #153 Leonidas Hoplite

The worst year for the stock market was 1932 - I beleive the worst year for the Great Depression came later. 1936 or 1937…can someone check their copy of Forgotten Man?

I think what we were thinking of is Chapter 13 - Black Tuesday Again…the markets/bonds plummeting. It was August 1937.

204 Kenneth  Mon, Mar 2, 2009 9:58:31am

re: #153 Leonidas Hoplite

I was referring to the drop in US stock market… which means, although the DOW has only dropped 50% since last summer, we’ve still got time to break the record of -84% drop established in the Great Depression.

205 Vicious Babushka  Mon, Mar 2, 2009 9:58:35am

re: #33 MandyManners

I HOPE EVERYONE WHO REFUSED TO VOTE FOR MCCAIN BECAUSE HE WASN’T CONSERVATIVE ENOUGH IS FUCKING HAPPY NOW!

I hope all the Jews who voted for Obama because they didn’t want their friends to think they’re “racist” are fucking happy now!

206 SlartyBartfast  Mon, Mar 2, 2009 9:58:43am

re: #170 jaunte

One woman I work with is still celebrating the fact that she’ll get a tax break.
She has the blinders welded on.

Share this with her…Obama “Tax Cut” Doesn’t Exist.

I wanted to share quickly what I found out when I had my taxes prepared last week. The man that prepared my taxes for me cautioned me to watch out for my tax cut. He said, and you may want to adjust your withholding to take that back away, because the tax rate tables for next year when preparing taxes are not changing. So I could possibly owe my tax cut back to the government next year.

I’m still looking into this. It seems sadly plausible…

207 J.S.  Mon, Mar 2, 2009 9:58:47am

O no! The Zero is talkin’ “economy” and “health care.”

208 FurryOldGuyJeans  Mon, Mar 2, 2009 9:58:57am

re: #189 CyanSnowHawk

That’s on pace for an under 6500 close. Unless trading controls step in first.

O wants a sustained free-fall. Applying brakes, even if temporarily, would only let people catch their breath and see him for the Socialist fraud he is.

209 CommonCents  Mon, Mar 2, 2009 9:59:00am

re: #159 bolivar

Nope, the money you are not paying now will be paid when you do your taxes. Heard this on Limbaugh Friday and am waiting for somebody to confirm it. If true it needs to be broadcast loud and clear. They can take their lies and stuff them up their smelly butts.

Oh, that makes me feel better, because FARUQ ABDEL DAMOOCHER in the Gaza Strip doesn’t have to pay a damn cent now or later. This is sooo asinine.

210 kansas  Mon, Mar 2, 2009 9:59:15am

re: #198 J.D.

Limbaugh’s latest attacker: RNC’s Steele

Why does D.L. Hughly have any journalistic credibility? Isn’t he a racist comedian?

211 godfrey  Mon, Mar 2, 2009 9:59:18am

re: #186 pittrader1988

*gulp*

212 Walter L. Newton  Mon, Mar 2, 2009 9:59:22am
213 Afrocity  Mon, Mar 2, 2009 9:59:36am

re: #187 Fat Bastard Vegetarian

Too cool. Make low payments. Gonna be a teensy tiny debt in a few months.

I can only afford $200 a month. I always end up owing taxes for some reason and the stimulus tax breaks wont help me that much. No kids, no home, professional so I am not the poster child for government aid.

I am pretty depressed. (sigh)
I need to figure out a way to do better for myself.
401k was hit pretty bad.

214 Kenneth  Mon, Mar 2, 2009 9:59:36am

re: #178 Afrocity

Just watch out for the the interest rates to shoot up, which may happen in 6 to 12 months.

215 Salem  Mon, Mar 2, 2009 10:00:16am

re: #198 J.D.

Limbaugh’s latest attacker: RNC’s Steele

I could see that coming.

216 Oxnuts  Mon, Mar 2, 2009 10:00:18am

How annoying!

217 MandyManners  Mon, Mar 2, 2009 10:00:25am

When Barack Obama delivered his 44-minute acceptance speech in August among the majestic columns of Denver, it was apparent his would be an expansive presidency. Some wondered whether his solutions for a very long list of problems was too ambitious. On Tuesday, before Congress, he made clear across 52 minutes that the economic downturn would not deflect him from his Denver vision.

Instead, the economic crisis, as it did for Franklin D. Roosevelt, will serve as a stepping stone to a radical shift in the relationship between the people and their government. It will bind Americans to their government in ways not experienced since the New Deal. This tectonic shift, if successful, will be equal to the forces of public authority set in motion by Lyndon Johnson’s Great Society. The Obama presidency is going to be a radical presidency.

Barack Obama is proposing that the U.S. alter the relationship between the national government and private sector that was put in place by Ronald Reagan and largely continued by the presidencies of Bill Clinton and the Bushes. Then, the private sector led the economy. Now Washington will chart its course.

Mr. Obama was clear about his intention. “Our economy did not fall into this decline overnight,” he said. Instead, an “era” has “failed” to think about the nation’s long-term future. With the urgency of a prophet, he says the “day of reckoning has arrived.” The president said his purpose is not to “only revive this economy.”

In fact, people would probably coronate Mr. Obama if he merely revived the Dow Jones Industrial Average. The Dow’s fall since the Sept. 14 collapse of Lehman Brothers and sale of Merrill Lynch to Bank of America has eviscerated the net wealth of Americans across all incomes. Many are in the most dispirited state in their lifetimes.

Yesterday, the post-Obama Dow lost another percentage point. No matter. In his worldview, “short-term gains were prized over long-term prosperity.” His speech did include a plan to address the market crisis. It consists of a program to support consumer and small-business loans; a mortgage refinancing mechanism; and the “full force of the government” to restart bank lending. Mr. Obama delivered that last element with a rather crude pistol-whipping of the nation’s bankers and CEOs, thousands of whom have been operating their companies in a responsible, productive way.

This was just the prelude. Notwithstanding the daily nightmares of the economic crisis, now is the time to “boldly” rebuild the nation’s “foundation.” The U.S. budget he released today isn’t just a budget. “I see it as a vision for America — as a blueprint for our future.” With it, Mr. Obama becomes the economy’s Architect-in-Chief.

SNIP

218 Vicious Babushka  Mon, Mar 2, 2009 10:00:35am

re: #151 Honorary Yooper

Pam really needs to get a day job.

What’s she qualified to do, other than pole dancing?

219 jaunte  Mon, Mar 2, 2009 10:00:42am

re: #206 SlartyBartfast

The coming rise in energy costs is going to wipe out any tax ‘break.’

220 avanti  Mon, Mar 2, 2009 10:00:56am

re: #177 nyc redneck

Just saw the Gallop poll on Rush. 60% approval with the GOP, 25% with independents, 6% with Democrats. The base likes him, the rest, not so much.

Link

221 CLLRusso  Mon, Mar 2, 2009 10:01:05am

re: #114 wiffersnapper

It’s like the scariest roller coaster ever, it keeps freefalling!

Wow, all the way back to you to find an on topic comment. Regarding the stock market free fall, Obama maniac is apparently sleep to the fact that millions of us are retired and our portfolios are now in the toilet. Thank goodness one of my kids is a greedy banker making big bucks and assures me she will not let me starve and my house is paid for.

I’ve decided to email each of my Dem legislators daily with the report of my retirement funds loss. I doubt it will get anyone’s attention. How on earth does anyone stop this? I am getting very depressed and my broker calls and says it will come back, we are in strong stuff, and to stay away from sharp objects in the meantime!

222 Occasional Reader  Mon, Mar 2, 2009 10:01:09am

re: #200 FloridaAnole

It was Hirohito and Adolf Hitler that got us out of the Great Depression.

As I’ve said before on these pages, I don’t agree with characterizing our entry into the War as “ending” the Great Depression. It just changed it into something worse (for a while). Sure, we suddenly had “full employment”, but that was because we conscripted much of our labor force and sent them to live in mortal peril. If someone had proposed that as a peacetime cure for the Depression, they’d have been tossed into an insane asylum.

223 nyc redneck  Mon, Mar 2, 2009 10:01:12am

re: #218 Alouette

What’s she qualified to do, other than pole dancing?

LOL, that’s gonna leave a mark.

224 Golem Akbar  Mon, Mar 2, 2009 10:01:33am

re: #172 CyanSnowHawk

No, lets appreciate and admire it.


That’s my motto!

225 Jetpilot1101  Mon, Mar 2, 2009 10:01:36am

re: #197 Erik The Red

I think he needs to find some traction and just keep the seat warm until 2012.

I disagree with you on this simply because ANY traction he gets will be exploited to get him reelected. He needs to utterly fail and let the rest of us free market capitalists sift through the carnage and move forward. While he can do an immense amount of damage, when the pendulum swings back to the right, I firmly believe that much of the damage enacted into law will be repealed. 20 years from now, we all need to look back on the Obama years and with absolute certainty declare him the WORST president; worse then Jimmy Carter.

226 FurryOldGuyJeans  Mon, Mar 2, 2009 10:01:38am

re: #207 J.S.

O no! The Zero is talkin’ “economy” and “health care.”

Oh joy, down both go, in all the flaming glory possible.

227 yma o hyd  Mon, Mar 2, 2009 10:01:57am

re: #185 kansas

Happy Days

[Link: www.breitbart.com…]

Oh yecchhh!
They resemble a bunch of teenagers who’re partying every day, while the parents are away.

228 vagabond trader  Mon, Mar 2, 2009 10:01:58am

Don’t despair, the new “Green” economy will restore our/someone’s prosperity.

////

229 Catttt  Mon, Mar 2, 2009 10:02:12am

re: #171 Dianna

Yes, she does. I wonder if she ever proof-reads?

My guess is that wouldn’t help - she just doesn’t know any better.

230 Leonidas Hoplite  Mon, Mar 2, 2009 10:02:24am

re: #203 subsailor68

I think what we were thinking of is Chapter 13 - Black Tuesday Again…the markets/bonds plummeting. It was August 1937.

Yikes. Thanks for looking that up! I think…

231 Jack Burton  Mon, Mar 2, 2009 10:02:47am

re: #153 Leonidas Hoplite

The worst year for the stock market was 1932 - I beleive the worst year for the Great Depression came later. 1936 or 1937…can someone check their copy of Forgotten Man?

The Great Depression was actually 2 different Stock Market crashes, the 1929 crash, and a 1937 crash. The stock market, but not the economy in general, recovered from 1932 to 1937 (much like it did from 2003 to 2007) and then crashed again.

232 dentate  Mon, Mar 2, 2009 10:02:50am

re: #178 Afrocity

I just made my monthly payment on my student loan to the US Dept. Of Education. The only debt I have.

Thanks America for sending me to college and graduate school.

Helping to subsidize education for those who qualify academically is a good thing that creates more productive citizens. Paying loans back is a good thing (took me till I was 45 to repay mine, but I did, every penny). Problem is that the US government is now subsidizing failure and has little or no hope of ever getting repaid.

233 [deleted]  Mon, Mar 2, 2009 10:02:54am
234 Dianna  Mon, Mar 2, 2009 10:02:55am

re: #206 SlartyBartfast

I’m still looking into this. It seems sadly plausible…

Suggestion: Go to IRS.gov and look for their news on tax tables.

235 Diamond Bullet  Mon, Mar 2, 2009 10:03:00am

You know, life is strange. I’m of New England extraction with various post-grad degrees, all of which should scream “liberal”. Yet when the One got elected, I took him at his socialist word and went out and bought some home defense firearms (thank you, VA), and filled the basement with C-rations. I also re-doubled my efforts at work while all my liberal friends floated around on clouds and took the week off for the Inauguration. Now they’re all getting fired and/or learning their future pensions are vanishing into the ether. I’m not happy my friends are suffering, but it’s hard to not notice that THEY VOTED FOR IT. I wonder if any of them will realize what they’ve done, or whether I’ll see them in 2011 warming their hands over burning garbage cans and still blaming Bush for it.

236 gmsc  Mon, Mar 2, 2009 10:03:03am

A few stats:

Baby Boom years: 1940-1964
People born in 1940 can collect Social Security at age: 65 and 6 months
People born in 1941 can collect Social Security at age: 65 and 8 months
People born in 1942 can collect Social Security at age: 65 and 10 months
People born in 1943-1954 can collect Social Security at age: 66

So, we’re already in the 4th year of Baby Boomers collecting Social Security. Between the high taxation, baby boomers retiring, the relaxed loan standards and a spend-happy Congress and president, we’re in for a perfect storm of financial troubles.

237 FurryOldGuyJeans  Mon, Mar 2, 2009 10:03:05am

re: #198 J.D.

Limbaugh’s latest attacker: RNC’s Steele

Finally someone tries speaking the truth no one wants to hear.

238 J.S.  Mon, Mar 2, 2009 10:03:18am

He’s introducing Bob Dole? Yeah, now that’s cha-cha-change! (you can’t believe in).

239 J.D.  Mon, Mar 2, 2009 10:03:20am

re: #210 kansas

Why does D.L. Hughly have any journalistic credibility? Isn’t he a racist comedian?

Simply being on CNN gives him journalistic credibility?.

re: #212 Walter L. Newton

Good.


I was just listening to the Limbaugh speech from last Thursday and so far, I like it.

240 latingent  Mon, Mar 2, 2009 10:03:38am

Class envy and income redistribution. I`m very familiar with this. Thats when I move my Mom in Law in to my brand new home to help her with her bills and then my sisters in law take all the money shes supposed to be saving `because they cant make it` on their own. The trickle down theory. No difference. In the end i should just take my earnings and give it to them directly.

241 subsailor68  Mon, Mar 2, 2009 10:03:39am

re: #231 ArchangelMichael

The Great Depression was actually 2 different Stock Market crashes, the 1929 crash, and a 1937 crash. The stock market, but not the economy in general, recovered from 1932 to 1937 (much like it did from 2003 to 2007) and then crashed again.

Yep! That’s the Chapter 13 in “The Forgotten Man” that I referenced for Leonidas above.

242 Kenneth  Mon, Mar 2, 2009 10:03:43am

re: #173 Shr_Nfr

Hungary is in bad shape too. The problem for Western Europe is that their banks, especially German, Austrian & Swiss institutions, have huge exposure to east European debt. When the east Europeans default on those debts, the banks collapse. Which is why the EU decision not to bail out the east is so stupid.

243 vagabond trader  Mon, Mar 2, 2009 10:04:20am

re: #214 Kenneth

Already happening with credit cards.

244 MandyManners  Mon, Mar 2, 2009 10:04:21am

re: #207 J.S.

O no! The Zero is talkin’ “economy” and “health care.”

What did Sebelius do to Kansas?

245 J.D.  Mon, Mar 2, 2009 10:04:51am

re: #215 Salem

I could see that coming.


Hmmmmmmmmmm…

246 Conservative in Liberal Hands  Mon, Mar 2, 2009 10:05:12am

It must be getting really bad… Now their Laying off Lawyers

Lawyers out of work? The revolution starts in 5… 4… 3… 2… 1…

/Out of work Personal Injury Attorney

247 FurryOldGuyJeans  Mon, Mar 2, 2009 10:05:14am

re: #242 Kenneth

Hungary is in bad shape too. The problem for Western Europe is that their banks, especially German, Austrian & Swiss institutions, have huge exposure to east European debt. When the east Europeans default on those debts, the banks collapse. Which is why the EU decision not to bail out the east is so stupid.

Once again as bad as things are here in the US, the rest of the world is much much worse off.

248 freedombilly  Mon, Mar 2, 2009 10:05:37am

The President is now talking about the economy and health care. For those of you not listening or watching I can sum it up for you:

BLAH BLAH BLAH BLAH BLAH BLAH BLAH BLAH BLAH BLAH BLAH BLAH BLAH

249 Dianna  Mon, Mar 2, 2009 10:05:39am

re: #229 Catttt

My guess is that wouldn’t help - she just doesn’t know any better.

That is a very sad thought.

250 J.D.  Mon, Mar 2, 2009 10:05:44am

re: #237 FurryOldGuyJeans

Finally someone tries speaking the truth no one wants to hear.

Michael Steele just went down a notch in popularity as far as I’m concerned.

251 avanti  Mon, Mar 2, 2009 10:05:45am

re: #237 FurryOldGuyJeans

Finally someone tries speaking the truth no one wants to hear.

I’m very impressed with Steele. He knows that he has to move the party away from the far right pundits that have shot the GOP in the foot over and over.
He needs to be the voice of the GOP, not the ditto heads.

252 midwestgak  Mon, Mar 2, 2009 10:05:50am

I’m going to watch All My Children today. It’s more stable than the DOW. In a month the story line and characters will be the same.

253 debutaunt  Mon, Mar 2, 2009 10:06:09am

re: #178 Afrocity

I just made my monthly payment on my student loan to the US Dept. Of Education. The only debt I have.

Thanks America for sending me to college and graduate school.

Finally! A thank you! You’re very welcome and please make us proud.

254 soxfan4life  Mon, Mar 2, 2009 10:06:20am

re: #244 MandyManners

What did Sebelius do to Kansas?

Coming next year, federal tax returns will be paid in IOU’s to finance Stimulus part 4.

255 jcm  Mon, Mar 2, 2009 10:06:26am

re: #217 MandyManners

DOW August 28, 2008, the date of the Acceptance speech.

11,718.18

Now.

6,828.05

-4890.13 since the coronation.

256 SlartyBartfast  Mon, Mar 2, 2009 10:06:29am

re: #234 Dianna

Suggestion: Go to IRS.gov and look for their news on tax tables.

Good advice.

bbl

257 Erik The Red  Mon, Mar 2, 2009 10:06:52am

re: #225 Jetpilot1101

I disagree with you on this simply because ANY traction he gets will be exploited to get him reelected. He needs to utterly fail and let the rest of us free market capitalists sift through the carnage and move forward. While he can do an immense amount of damage, when the pendulum swings back to the right, I firmly believe that much of the damage enacted into law will be repealed. 20 years from now, we all need to look back on the Obama years and with absolute certainty declare him the WORST president; worse then Jimmy Carter.

Make no mistake I know he will go down as worse than peanut. I just hope we and our kids are not put into the ground by 44.

258 FurryOldGuyJeans  Mon, Mar 2, 2009 10:07:03am

re: #243 vagabond trader

Already happening with credit cards.

Almost makes me happy my credit is bad enough that I don’t get those scam pre-approved credit card offers.

259 godfrey  Mon, Mar 2, 2009 10:07:08am

The Budget Reveals the liberal Obama

He is no Tony Blair, ideologically rootless, as I had previously suspected. He is a conviction politician: a bold progressive liberal. Yet his outreach to Republicans is no sham; his civility, I think, is not a front. He respects people who disagree with him, is capable of liking them, and is always willing to listen – but then stays true to his beliefs. This is a rare and devastating combination.

For years in the US, the Democratic left, despite a surfeit of brilliant minds, has neutered itself with its own rage. The fixed expression of progressive liberalism has been anger and contempt – with perplexity at its lack of political success mixed in for comic effect. Cometh the hour, cometh the man. Amid an economic crisis, with capitalism under fire and the country looking to government for answers, the liberal left finally has a leader with brains, who shares its convictions, yet is as friendly and as likeable to the politically uncommitted as anyone could wish – so appealing, in fact, that the party almost chose somebody else to lead it.

Whether Mr Obama will be good for the country remains to be seen. We can already be sure that he is conservatism’s worst nightmare.

260 Wendya  Mon, Mar 2, 2009 10:07:32am

re: #60 avanti

There is a lot of capital sitting it out, waiting to steal some stock and they’ll jump in before it drops to 6000 and they’ll make mad make money on the upside in a year or two.


It’s a matter of trust and confidence. With Obama, we have neither.

261 Kenneth  Mon, Mar 2, 2009 10:07:38am

re: #247 FurryOldGuyJeans

Most of the rest, but not all. India & Brazil won’t do too badly in the next while.

262 Salem  Mon, Mar 2, 2009 10:07:43am

Steele hasn’t done shit for Conservatism and he never will and anyone who thinks the RNC picked him for any any non-cynical non-pandering-to-race reason is gullible.

263 Wishing  Mon, Mar 2, 2009 10:07:43am

Question: Don’t these legislators have money in the market? Arent they feeling this too? If not, where DO they put their retirement funds?

264 opinionated  Mon, Mar 2, 2009 10:07:56am

It’s my fault.

They said McCain was clueless about the economy and that if I voted for him the market would crash.

I voted for him.

265 [deleted]  Mon, Mar 2, 2009 10:08:05am
266 subsailor68  Mon, Mar 2, 2009 10:08:17am

re: #235 Diamond Bullet

I’m not happy my friends are suffering, but it’s hard to not notice that THEY VOTED FOR IT.

You’re a bit more forgiving that I am right now. I look at “friends” who were crowing about voting for Obama/Hope/Change and it’s hard for me not to want to smack them.

Through either willful ignorance or laziness, they’ve put you, me - all Americans - at risk. Our jobs, our investments, our retirement, our hard work, and our dreams - all in disarray.

The fact that they’re also in the dumper with us does not make me feel better.

267 brookly red  Mon, Mar 2, 2009 10:08:27am

re: #263 Wishing

Question: Don’t these legislators have money in the market? Arent they feeling this too? If not, where DO they put their retirement funds?

in the freezer.

268 samsgran1948  Mon, Mar 2, 2009 10:08:30am

re: #87 Rexatosis

instead of focusing their wrath on Rush Limbaugh and other irrelevencies.

Rush serves the same purpose for the Dems that Israel serves for the Arab tyrants — a deflection of attention from the real situation.

269 Leonidas Hoplite  Mon, Mar 2, 2009 10:08:32am

re: #263 Wishing

Question: Don’t these legislators have money in the market? Arent they feeling this too? If not, where DO they put their retirement funds?

They count on other ways of ‘making’ money.

270 soxfan4life  Mon, Mar 2, 2009 10:08:41am

re: #263 Wishing

Question: Don’t these legislators have money in the market? Arent they feeling this too? If not, where DO they put their retirement funds?

Why do you think we are bailing out AIG again? Must protect their retirement income.

271 gmsc  Mon, Mar 2, 2009 10:08:41am

On Sep. 28, 2008, 0bama overtook McCain in the presidential polls for what would be the last time. At the time, the DJIA was in the 11,000s.

As I write this, I’m looking at a DJIA of 6,824.46. In other words, since Sep. 29, 2008, the DJIA has lost almost 40% of its value, and may reach that number today.

I’m going to make shirts with the DJIA charts on it, with the caption, “Worst. President. Ever.”

272 Occasional Reader  Mon, Mar 2, 2009 10:08:44am

re: #265 buzzsawmonkey

Cash for the hogsheads, cash for the demijohns.

It’s different that it was.

No it ain’t! No it ain’t!

273 J.S.  Mon, Mar 2, 2009 10:08:46am

It’s for all the “people of good will” to recognize that “the path we are on is unsustainable” (Obama quotes). Yeah, well, we’re all waiting for the Zero to become a “person of good will.” And, I’m waiting

274 nyc redneck  Mon, Mar 2, 2009 10:08:48am

re: #250 J.D.

Michael Steele just went down a notch in popularity as far as I’m concerned.

i agree,
why disparage someone who really inspires so many people?
at a time like this.
rush has a talent and it should not be dismissed so rudely.

275 FurryOldGuyJeans  Mon, Mar 2, 2009 10:08:58am

re: #250 J.D.

Michael Steele just went down a notch in popularity as far as I’m concerned.

Did the opposite for me. Time Rush was punctured for being a pompous windbag and blowhard. His public persona, especially his recent support for Creationism, is beyond the pale.

276 pittrader1988  Mon, Mar 2, 2009 10:09:01am

re: #233 taxfreekiller

This may be the costliest tax ever. Tax production of energy. How does that run through the economy?

277 vagabond trader  Mon, Mar 2, 2009 10:09:01am

re: #258 FurryOldGuyJeans

I only have one for necessity and they upped my interest 5% for no reason.Same with other people I know.You are better off without them

278 pink freud  Mon, Mar 2, 2009 10:09:05am

re: #237 FurryOldGuyJeans

Finally someone tries speaking the truth no one wants to hear.

Truth? What truth is that?

279 Ward Cleaver  Mon, Mar 2, 2009 10:09:11am

Rove, you magnificent bastard!

280 [deleted]  Mon, Mar 2, 2009 10:09:33am
281 opinionated  Mon, Mar 2, 2009 10:09:35am

Yo Yo’s go down AND up.

I wish this was yo yo like.

282 RaiderDan  Mon, Mar 2, 2009 10:09:41am

And meanwhile, the Associated Press speaks truth to power with more hard-hitting, accountability journalism about The One.

http://www.breitbart.com/article.php?id=D96M09BO0&show_article=1

Fiddling while Rome burns.

Can you imagine the headlines if George W. Bush or John McCain did this while the stock market tanked?

/spit

283 Dianna  Mon, Mar 2, 2009 10:09:57am

I’m going back to work. This is too hard to take.

284 J.S.  Mon, Mar 2, 2009 10:10:12am

She’s a govenor of the Sunflower State…ah, yes, rainbows, sunflowers, and unicorns.

285 Leonidas Hoplite  Mon, Mar 2, 2009 10:10:14am

re: #276 pittrader1988

This may be the costliest tax ever. Tax production of energy. How does that run through the economy?

Badly.

286 jcm  Mon, Mar 2, 2009 10:10:21am

re: #260 Wendya

It’s a matter of trust and confidence. With Obama, we have neither.

The thing the market hates the most is uncertainty.

The future of capitalism in this country is uncertain with the current power structure in DC.

Investors require a stable political backdrop that doesn’t threaten to change the rules dramatically and without notice.

287 So?  Mon, Mar 2, 2009 10:10:38am

If you think the stock market dropping is bad, read this.


And who was the LGFer who said this planet could easily sustain 50 billion people?
Sheer lunacy.

288 Erik The Red  Mon, Mar 2, 2009 10:10:41am

re: #275 FurryOldGuyJeans

Did the opposite for me. Time Rush was punctured for being a pompous windbag and blowhard. His public persona, especially his recent support for Creationism, is beyond the pale.

Sorry missed that. Has Rush drunk the ID kool aide? Please say it is not true.

289 vagabond trader  Mon, Mar 2, 2009 10:10:46am

re: #263 Wishing

Their official “retirement” is guaranteed by you and I, aka taxpayers. Everything else is probably offshore.

290 [deleted]  Mon, Mar 2, 2009 10:10:49am
291 lawhawk  Mon, Mar 2, 2009 10:11:03am

re: #195 Rexatosis

RE #33 Mandymanners

Unfortunately “South Park” has it right. Elections are usually a choice between a “turd sandwich” and a “giant douche.” If you are waiting for a filet you’ll be waiting forever. One’s got to assess the candidate’s positions and figure out if the “turd sandwich” has enough fiber in it to do you some good or if the “giant douche” will really clean you up rather than clean you out. Our problem as a nation is too many people who understand their choice is between a “turd sandwich” and a “giant douche” refuse to vote and cede the choice to a bunch of dimwits who think the sh*t in the “turd sandwich” doesn’t stink and the “giant douche” is really champagne.

I held my nose but I chose.

Usually it’s the lesser of two evils. This time around, it was the evil of two lessers. The markets are down and will continue to go down as they digest what this Administration is going to do to small businesses and they were talking about this at the airport yesterday - that the health insurance provisions are going to kill small business and do the opposite of what was “intended” which means that the Democrats are going to foist still more government health care on people - and limit actual choice and private health care coverage will slowly disappear.

292 avanti  Mon, Mar 2, 2009 10:11:20am

re: #274 nyc redneck

i agree,
why disparage someone who really inspires so many people?
at a time like this.
rush has a talent and it should not be dismissed so rudely.

He inspires the base, but pisses off the rest, and you need more then the base to win and Steele knows it.

293 jaunte  Mon, Mar 2, 2009 10:11:24am

Here’s a link to the new tax tables, and some happy face spin from the IRS:

IR-2009-13, Feb 21, 2009

WASHINGTON ― The Internal Revenue Service today released new withholding tables that will result in more take-home pay this spring for millions of American workers.

The new tables incorporate the new Making Work Pay credit, one of the key tax provisions included in the American Recovery and Reinvestment Act of 2009 that became law earlier this week.

“For most taxpayers, the additional credit will automatically start showing up in their paychecks this spring,” said IRS Commissioner Doug Shulman. “Since employers and payroll companies will handle this change, people typically won’t need to take any additional action. The IRS will continue working to implement this and other provisions of the new law as quickly as possible.”

The new withholding tables, along with other instructions related to the new tax law, will be incorporated in new Publication 15-T. This publication will be posted to this Web site next week and mailed to more than 9 million employers in mid-March. The IRS asks that employers start using these new tables as soon as possible but not later than April 1. Most workers will see a boost in their take-home pay soon thereafter.
[Link: www.irs.gov…]

294 newsjunkie_ky  Mon, Mar 2, 2009 10:11:31am

re: #284 J.S.

She’s a govenor of the Sunflower State…ah, yes, rainbows, sunflowers, and unicorns.


And, the 0 needed a teleprompter to introduce a cabinet member. How pathetic.

295 [deleted]  Mon, Mar 2, 2009 10:11:38am
296 Erik The Red  Mon, Mar 2, 2009 10:11:44am

re: #290 taxfreekiller

Should any one care, NOTICE,,,
TAXFREEKILLER
Just down dinged , poster Avanti.

for the record

That is a first tfk///

297 pittrader1988  Mon, Mar 2, 2009 10:11:45am

White House sees unemployment peaking at 8.1%. Wish we were playing cards in Vegas. I am all in on unemployment going above 10% for sure.
In 2011-12, when O is campaigning for re-election, it will likely be right around 9%. He will cite the rise and blame it on Bush, and the drop to only 9% as progress.

The Iraq War added to the deficit, a pull out will be subtracted from the deficit. It’s like paper profits.

Talk about smoke and mirrors.

298 fish  Mon, Mar 2, 2009 10:11:51am

re: #140 Ojoe

This internet thing still works.
BBL

For Now, Obama has started to Improve it yet.

299 Leonidas Hoplite  Mon, Mar 2, 2009 10:11:56am

re: #287 So?

If you think the stock market dropping is bad, read this.


And who was the LGFer who said this planet could easily sustain 50 billion people?
Sheer lunacy.

These things aren’t a problem if you just cull the population.

300 Occasional Reader  Mon, Mar 2, 2009 10:11:58am

re: #282 RaiderDan

And meanwhile, the Associated Press speaks truth to power with more hard-hitting, accountability journalism about The One.

http://www.breitbart.com/article.php?id=D96M09BO0& show_article=1

Fiddling while Rome burns.

Can you imagine the headlines if George W. Bush or John McCain did this while the stock market tanked?

/spit

As I mentioned on a previous thread, my favorite AP “accountability journalism line from that piece has got to be:

The flurry of entertaining is in keeping with the Obamas’ promise to make the White House a more open place for everyone.

Even when The One entertains himself with lavish parties with top stars, in the middle of an economic crisis, He’s doing the right thing. As always.

301 kansas  Mon, Mar 2, 2009 10:12:14am

re: #244 MandyManners

What did Sebelius do to Kansas?

The best thing she is doing is leaving. Really pro-abortion, which bothers me because there is a really late term clinic in this state run by a Doc named Tiller, whom she welcomed to the Governors Mansion, and she shut down the coal electric power plants out in no where because of the “environment.” Her replacement was head of the local Republicans in my county and converted to Dem. That’s been popular here because of the severe right shift, creation and all that, but he seems like a middle of the roader to me.

302 bolivar  Mon, Mar 2, 2009 10:12:26am

I have all my money in Mutual Funds (CGM Focus, Contrafund mainly) and am seriously thinging about dumping most of it and going to bonds. I have lost so much already that having some stability is looking very refreshing right now. Any thoughts?

303 gmsc  Mon, Mar 2, 2009 10:12:30am

DJIA

Mar. 3, 2008: 12258.90
Mar. 2, 2009: 6,824.46 (at this writing)

If the DJIA slid as many points in the current year as it has the past year, the DJIA would begin next March at 1390.02!

304 Erik The Red  Mon, Mar 2, 2009 10:12:51am

re: #292 avanti

He inspires the base, but pisses off the rest, and you need more then the base to win and Steele knows it.

Expand the base. Fuck playing to the MFM.

305 nyc redneck  Mon, Mar 2, 2009 10:12:51am

re: #292 avanti

He inspires the base, but pisses off the rest, and you need more then the base to win and Steele knows it.

we’ll see.
at the rate O is going, we could run anyone and win.

306 FloridaAnole  Mon, Mar 2, 2009 10:12:55am

re: #222 Occasional Reader

The point is that the statist New Deal peacetime programs did nothing to end the Great Depression. The economy recovered briefly during the mid 1930’s due to an inadvertent increase in the money supply by the Federal Reserve, but then declined abruptly, since at that time Keynes was God and nobody understood the role of the rate of growth in the money supply on the economy. The rate of growth of the money supply during the war fueled the great Post War recovery. (cf. Milton Friedman, A Monetary History of the United States).

307 Honorary Yooper  Mon, Mar 2, 2009 10:13:01am

re: #287 So?

If you think the stock market dropping is bad, read this.

Big fuzzy deal. We see deer, foxes, coyotes, etc in town (a city of 155,000, and a Chicago suburb) all the time.

308 J.D.  Mon, Mar 2, 2009 10:13:14am

re: #274 nyc redneck

i agree,
why disparage someone who really inspires so many people?
at a time like this.
rush has a talent and it should not be dismissed so rudely.

Did you hear his speech? Limbaugh’s?

309 Afrocity  Mon, Mar 2, 2009 10:13:19am

re: #262 Salem

Steele hasn’t done shit for Conservatism and he never will and anyone who thinks the RNC picked him for any any non-cynical non-pandering-to-race reason is gullible.

Sure because being Black is Michael Steele’s only skill set. He brings nothing else to the table. /

310 yenta-fada  Mon, Mar 2, 2009 10:13:28am

re: #221 CLLRusso

It took me quite a while to figure out that my broker is hardly a good financial advisor. Anyone who makes their living by keeping me IN THE MARKET is not a detached observer. If you don’t stay in the game, the broker doesn’t take home any commissions.

311 midwestgak  Mon, Mar 2, 2009 10:13:29am

re: #287 So?

If you think the stock market dropping is bad, read this.

And who was the LGFer who said this planet could easily sustain 50 billion people?
Sheer lunacy.

“Herrmann said that up to 8,000 boars live in the German capital.”
In DC too.

312 Occasional Reader  Mon, Mar 2, 2009 10:13:43am

re: #295 buzzsawmonkey

Whaddaya talk? Whaddaya talk? Whaddaya talk?

Monorail! Monorail!

/whoops, wrong one

Off to lunch, through the driving snow.

313 pittrader1988  Mon, Mar 2, 2009 10:14:00am

re: #302 bolivar

Depends on your age, if you need the money anytime soon. IF you are in for the long haul, say 10-20 years or so, don’t sell. Add to your long position.

If you need to cash in in the next 4 years. Sell.

314 pink freud  Mon, Mar 2, 2009 10:14:15am

re: #292 avanti

He inspires the base, but pisses off the rest, and you need more then the base to win and Steele knows it.

He (Rush) doesn’t attempt to cater to all while slipping and sliding around trying to find a “popular” position on which to stand. He doesn’t lick the end of his finger and wave it in the air to see which ways the winds are blowing.

315 Walter L. Newton  Mon, Mar 2, 2009 10:14:24am

And in the meantime, Governor Ritter (D-Colorado) is on the radio right now, talking about how he is raising vehicle registrations, removing the property tax breaks for seniors who have been in their homes for over 10 years, new energy taxes and so on.

And he is fucking HAPPY about it.

This is a governor who will be getting almost 2 billion from the stimulus.

316 nyc redneck  Mon, Mar 2, 2009 10:14:32am

re: #294 newsjunkie_ky

And, the 0 needed a teleprompter to introduce a cabinet member. How pathetic.

he can’t do anything w/out the prompter.
that says a lot abt. him.

317 jaunte  Mon, Mar 2, 2009 10:14:32am

re: #311 midwestgak

Looks like pork is back on the menu everywhere.

318 So?  Mon, Mar 2, 2009 10:14:34am

re: #299 Leonidas Hoplite

These things aren’t a problem if you just cull the population.

Which population? Man or animal?

319 Researcher...MO  Mon, Mar 2, 2009 10:14:46am

re: #258 FurryOldGuyJeans

You have bad credit you’re happy with too? My bad credit was the result of mistakes made years ago and never corrected, we have a mortgage and otherwise we live on a cash basis, have for years, I never fixed it because no one would want it, ha!

320 yma o hyd  Mon, Mar 2, 2009 10:14:52am

re: #242 Kenneth

Hungary is in bad shape too. The problem for Western Europe is that their banks, especially German, Austrian & Swiss institutions, have huge exposure to east European debt. When the east Europeans default on those debts, the banks collapse. Which is why the EU decision not to bail out the east is so stupid.

Thing is - Germany has been keeping the EU afloat since its inception, money-wise.
Thus a huge number of EU members ahve regarded the EU like a welfare cash cow. Its teh same mentality which keeps people screaming for the government instead of getting off their backsides and doing things for themselves.
Works if there is enough money to share - doesn’t work if there isn’t.

I’m still grateful that Maggie did refuse to be lured into joining the Euro, and that she isnisted on not paying what the Eurocrats wanted us to pay.

321 newsjunkie_ky  Mon, Mar 2, 2009 10:14:54am

re: #292 avanti

He inspires the base, but pisses off the rest, and you need more then the base to win and Steele knows it.


If you don’t have the base, the rest don’t add up to squat.

322 So?  Mon, Mar 2, 2009 10:14:56am

re: #311 midwestgak

“Herrmann said that up to 8,000 boars live in the German capital.”
In DC too.

LOL!

323 nyc redneck  Mon, Mar 2, 2009 10:15:01am

re: #308 J.D.

Did you hear his speech? Limbaugh’s?

yes. i felt better the rest of the day.

324 jcm  Mon, Mar 2, 2009 10:15:03am

re: #287 So?

Be my guest.

325 Wendya  Mon, Mar 2, 2009 10:15:04am

re: #251 avanti


He needs to be the voice of the GOP, not the ditto heads.

Oh, you mean tell people what they’re supposed to think? He’s not the DNC chairman, you know.

326 Catttt  Mon, Mar 2, 2009 10:15:20am

re: #146 Golem Akbar

Ahem…let’s not knock cleavage…ahem.

That depends on the cleavage, and hers is not all that she seems to think it is. Let’s just say cleavage might have been the wrong word. More like grandcanyonage.

327 Leonidas Hoplite  Mon, Mar 2, 2009 10:15:29am

re: #318 So?

Which population? Man or animal?

The population ‘problems’ you referenced in your link.

328 Wishing  Mon, Mar 2, 2009 10:15:32am

re: #270 soxfan4life

Why do you think we are bailing out AIG again? Must protect their retirement income.

Gotcha.
They are vile.

329 abaleh  Mon, Mar 2, 2009 10:15:35am

re: #231 ArchangelMichael

The Great Depression was actually 2 different Stock Market crashes, the 1929 crash, and a 1937 crash. The stock market, but not the economy in general, recovered from 1932 to 1937 (much like it did from 2003 to 2007) and then crashed again.

So should we expect a World War in a couple of years?

330 avanti  Mon, Mar 2, 2009 10:15:36am

re: #290 taxfreekiller

Should any one care, NOTICE,,,
TAXFREEKILLER
Just down dinged , poster Avanti.

for the record

Good work, you have me in the minus 600’s and I think I get a cookie at -1000.:)

331 subsailor68  Mon, Mar 2, 2009 10:15:51am

re: #310 yenta-fada

It took me quite a while to figure out that my broker is hardly a good financial advisor. Anyone who makes their living by keeping me IN THE MARKET is not a detached observer. If you don’t stay in the game, the broker doesn’t take home any commissions.

Ain’t that the truth! My wife’s the executive director of our senior center, and keeps getting calls about getting the trust back into the market. She finally said to the broker….’Fine, so long as you can guarantee putting us into investments that will go up…and put that in writing.”

Funny…no calls recently.

332 [deleted]  Mon, Mar 2, 2009 10:15:57am
333 fish  Mon, Mar 2, 2009 10:15:57am

re: #183 MandyManners

I never believed anyone who said the O would govern from the center. I still have no idea why they would even think that was likely.

334 dentate  Mon, Mar 2, 2009 10:16:17am

re: #315 Walter L. Newton

And in the meantime, Governor Ritter (D-Colorado) is on the radio right now, talking about how he is raising vehicle registrations, removing the property tax breaks for seniors who have been in their homes for over 10 years, new energy taxes and so on.

And he is fucking HAPPY about it.

This is a governor who will be getting almost 2 billion from the stimulus.

He’s got nothing on our Ahhhnold, who has already done all that and more. Copycat!

335 Silvergirl  Mon, Mar 2, 2009 10:16:31am

re: #98 jorline

“Barack / 08”
“Broke / 09”

A bumper sticker I saw the other day.

Put that on the bumper and hang a tea bag from the rear view mirror.

336 [deleted]  Mon, Mar 2, 2009 10:16:34am
337 Golem Akbar  Mon, Mar 2, 2009 10:16:36am

re: #326 Catttt

That depends on the cleavage, and hers is not all that she seems to think it is. Let’s just say cleavage might have been the wrong word. More like grandcanyonage.


Even better!

338 Honorary Yooper  Mon, Mar 2, 2009 10:16:51am

re: #312 Occasional Reader

Monorail! Monorail!

/whoops, wrong one

Off to lunch, through the driving snow.

Got a song just for then,

339 gmsc  Mon, Mar 2, 2009 10:16:56am

re: #305 nyc redneck

we’ll see.
at the rate O is going, we could run anyone and win.

Inanimate Carbon Rod for President!

340 J.S.  Mon, Mar 2, 2009 10:17:08am

re: #318 So?

the article mentioned “rabbit murders”…(really…i could say something here, but I best bite my tongue.)

341 newsjunkie_ky  Mon, Mar 2, 2009 10:17:15am

re: #302 bolivar

I have all my money in Mutual Funds (CGM Focus, Contrafund mainly) and am seriously thinging about dumping most of it and going to bonds. I have lost so much already that having some stability is looking very refreshing right now. Any thoughts?


Don’t, it will come back. It was almost this bad in ‘97. If you don’t need your money now, leave it alone.

342 [deleted]  Mon, Mar 2, 2009 10:17:17am
343 Fat Bastard Vegetarian  Mon, Mar 2, 2009 10:17:36am

re: #282 RaiderDan

Be it ever so crumbly
Their’s no place like Rome
Nero, he was the ruler
And the palace was his home
But he loved to play with matches
And a fire he yearned
So he burned Rome to ashes
And fiddled while it burned.

-Bugs Bunny

344 Gus  Mon, Mar 2, 2009 10:17:38am

6,828.37
-234.56 (-3.32%)
Real-time: 1:16PM EST

Falling and falling. Hey, let’s increase Federal spending to record levels while we’re at it! //

I wonder how long the brainwashed Obama voters are going to stand for this. No doubt they’ll just blame “the man.”

345 bolivar  Mon, Mar 2, 2009 10:17:41am

re: #313 pittrader1988

Depends on your age, if you need the money anytime soon. IF you are in for the long haul, say 10-20 years or so, don’t sell. Add to your long position.

If you need to cash in in the next 4 years. Sell.

I am 54 so no need to cash in right now but, I fear the whole thing going bust. I have NO confidence in the messiah and he just flat scares the hell out of me.

346 FurryOldGuyJeans  Mon, Mar 2, 2009 10:17:41am

re: #319 Researcher…MO

You have bad credit you’re happy with too? My bad credit was the result of mistakes made years ago and never corrected, we have a mortgage and otherwise we live on a cash basis, have for years, I never fixed it because no one would want it, ha!

Mine comes mostly from an ex-wife and minimally from a couple of mistakes on my part.

347 yenta-fada  Mon, Mar 2, 2009 10:17:49am

re: #302 bolivar

If you are interested, read my #156 for some conservative (in my opinion) suggestions.
There is always intrinsic value in REAL things. e.g. a bottle of good scotch, 20 cans of tuna, comfortable shoes and an extra pair of them. Bonds are another paper financial asset over which you have NO control. They only look conservative. Will they retain purchasing power for you?

348 Racer X  Mon, Mar 2, 2009 10:17:53am

Obama can TRY to blame this on Bush, but the numbers do not lie.
Theo Spark -Economic Report

349 Fat Bastard Vegetarian  Mon, Mar 2, 2009 10:18:04am

re: #343 Fat Bastard Vegetarian

There’s…
damn.

350 newsjunkie_ky  Mon, Mar 2, 2009 10:18:12am

re: #308 J.D.

Did you hear his speech? Limbaugh’s?

It was AWESOME!

351 gmsc  Mon, Mar 2, 2009 10:18:19am

re: #312 Occasional Reader

Monorail! Monorail!

/whoops, wrong one

Off to lunch, through the driving snow.

352 martdod  Mon, Mar 2, 2009 10:18:27am

I assume this is the ” Hope and Change” all the sheeple voted for.

353 Kenneth  Mon, Mar 2, 2009 10:18:52am

A good interview with Niall Ferguson on his book The Accent of Money

(skip ahead to the 27:15 minute mark)

Key point: the credit crisis was created by the sub-prime mortgage bubble and the highly leveraged securitization of those loans.

354 Silvergirl  Mon, Mar 2, 2009 10:18:57am

re: #270 soxfan4life

Why do you think we are bailing out AIG again? Must protect their retirement income.

Even CNN readers are against the latest AIG bail. As of now, their online poll on the front page is 89% against.

355 avanti  Mon, Mar 2, 2009 10:19:04am

re: #304 Erik The Red

Expand the base. Fuck playing to the MFM.

How do you intend to do that with a polarizing figure like Rush. Steele has some appeal to expand the base, Rush is the poster boy for a negative view of the right by those outside the base, and some inside.

356 So?  Mon, Mar 2, 2009 10:19:18am

re: #327 Leonidas Hoplite

The population ‘problems’ you referenced in your link.

re: #343 Fat Bastard Vegetarian

Be it ever so crumbly
Their’s no place like Rome
Nero, he was the ruler
And the palace was his home
But he loved to play with matches
And a fire he yearned
So he burned Rome to ashes
And fiddled while it burned.

-Bugs Bunny

After Einstein, Bugs was a genius.

357 FloridaAnole  Mon, Mar 2, 2009 10:19:29am

re: #309 Afrocity

Sure because being Black is Michael Steele’s only skill set. He brings nothing else to the table. /

I think it’s because Steele is a McCain Republican (he was closely allied with the McCain campaign), and as we know, McCain and his inner circle don’t have much use for conservatives, unfortunately.

358 Pigtown Water Dog  Mon, Mar 2, 2009 10:19:31am

I just called Senator Ben Cardin’s office. The young man who answered the phone laughed when I said I was a capitalist and did not want to be a socialist. Laughed at me. *reaching for tissue*

359 godfrey  Mon, Mar 2, 2009 10:19:45am

re: #353 Kenneth

Even internationally? That is, the sub-prime mortagage bubble in the US alone had that kind of distributed effect?

360 Racer X  Mon, Mar 2, 2009 10:19:46am

The stock market is all about investor confidence in how business - capitalism - will do in the future.

It don’t look good.

361 CLLRusso  Mon, Mar 2, 2009 10:19:52am

re: #264 opinionated

It’s my fault.

They said McCain was clueless about the economy and that if I voted for him the market would crash.

I voted for him.

But honestly, who else did you have to vote for?
I voted for him too. But I worked for Romney and his plain talk and good sense wasn’t good enough for the bleeping GOP. Not to mention he would have been the best in this economy we could have had. So I guess next time you people will listen to me!

362 Salem  Mon, Mar 2, 2009 10:20:15am

re: #309 Afrocity

Sure because being Black is Michael Steele’s only skill set. He brings nothing else to the table. /

If I’m wrong I’ll be delighted. But I’m not. It’s the RNC that’s to blame, as well as the Dems (the party of slavery, Jim Crow, Segregation, etcetera) who has used race to beat them into submission. The bewildered RNC responded with “You want a black man? Here you go!”

363 J.D.  Mon, Mar 2, 2009 10:20:18am

re: #275 FurryOldGuyJeans

Did the opposite for me. Time Rush was punctured for being a pompous windbag and blowhard. His public persona, especially his recent support for Creationism, is beyond the pale.


Oh, no. I’m not going there……

364 Erik The Red  Mon, Mar 2, 2009 10:20:24am

re: #344 Gus 802

6,828.37
-234.56 (-3.32%)
Real-time: 1:16PM EST

Falling and falling. Hey, let’s increase Federal spending to record levels while we’re at it! //

I wonder how long the brainwashed Obama voters are going to stand for this. No doubt they’ll just blame “the man.”

44 voters don’t have money in the market. They don’t give a shit. Stick it to the man. They have their social benefits.

365 Wishing  Mon, Mar 2, 2009 10:20:31am

re: #354 Silvergirl

Even CNN readers are against the latest AIG bail. As of now, their online poll on the front page is 89% against.

It matters not: the King of Nothing could care less about his *base*. He will do what he damn well pleases, end of discussion.

366 So?  Mon, Mar 2, 2009 10:20:32am

re: #360 Racer X

The stock market is all about investor confidence in how business - capitalism - will do in the future.

It don’t look good.

/What we need is another 43 billion people on this planet. That should solve the crisis.

367 newsjunkie_ky  Mon, Mar 2, 2009 10:20:47am

re: #316 nyc redneck

he can’t do anything w/out the prompter.
that says a lot abt. him.

It sure does. Maybe fear he will just start quoting Marx, Ayers, Alinsky, et al.

368 Wendya  Mon, Mar 2, 2009 10:21:10am

re: #344 Gus 802

No doubt they’ll just blame “the man.”

Obama will blame greedy investors and businessmen.

369 [deleted]  Mon, Mar 2, 2009 10:21:38am
370 Racer X  Mon, Mar 2, 2009 10:21:52am

re: #366 So?

You mean 43 billion new customers for your product right?

371 Wishing  Mon, Mar 2, 2009 10:22:01am

re: #357 FloridaAnole

I think it’s because Steele is a McCain Republican (he was closely allied with the McCain campaign), and as we know, McCain and his inner circle don’t have much use for conservatives, unfortunately.

I heard Steele on the radio Friday morning, and he was furious with the McCain campaign pulling out of Michigan when it did. His comment: We have learned from that…

372 bolivar  Mon, Mar 2, 2009 10:22:02am

Ok, you have got me convinced to hold for now. I am still very worried about our future. The country is in deep kimchee and a lot of them don’t even know it.

373 Fat Bastard Vegetarian  Mon, Mar 2, 2009 10:22:12am

re: #362 Salem

Hi Salem! I disagree. Used to listen to Michael Steele quite a bit on the “Tony Snow” show.

Tony (a great judge, IMHO) had great aspirations for Mr. Steele. I am standing by the selection.

374 Gus  Mon, Mar 2, 2009 10:22:21am

re: #368 Wendya

And private jet use.

Liberal Rule No. 215: When in doubt, blame someone or something else.

375 Leonidas Hoplite  Mon, Mar 2, 2009 10:22:30am

re: #366 So?

/What we need is another 43 billion people on this planet. That should solve the crisis.

I sense a bit of sarcasm here. Are you of the opinion that fewer humans would ease our current distress?

376 yenta-fada  Mon, Mar 2, 2009 10:22:44am

re: #341 newsjunkie_ky

Don’t, it will come back. It was almost this bad in ‘97. If you don’t need your money now, leave it alone.

If you notice the fine print on most financial contracts, they say “PAST performance is no guarantee of future returns”, or something like that. In your memory, were big banking stocks EVER almost penny stocks? Maybe this is a different ball of wax.

377 Erik The Red  Mon, Mar 2, 2009 10:22:44am

re: #355 avanti

How do you intend to do that with a polarizing figure like Rush. Steele has some appeal to expand the base, Rush is the poster boy for a negative view of the right by those outside the base, and some inside.

I never said Steele was bad. But don’t write Rush off. Unless less he supports ID. Than fuck him and God help us.

378 tommygum  Mon, Mar 2, 2009 10:22:57am

re: #33 MandyManners

I HOPE EVERYONE WHO REFUSED TO VOTE FOR MCCAIN BECAUSE HE WASN’T CONSERVATIVE ENOUGH IS FUCKING HAPPY NOW!

I never tire of reading that.

379 Golem Akbar  Mon, Mar 2, 2009 10:23:06am

Does this mean that Newsweek was right, afterall?

380 vagabond trader  Mon, Mar 2, 2009 10:23:08am

re: #367 newsjunkie_ky

He pretty much does that already, imho.

381 nyc redneck  Mon, Mar 2, 2009 10:23:09am

rush is being attacked by the left because they know his ability to inspire people is a real threat to them. especially the way this country will begin to wake up and see what O is trying to do.
btw O targeted rush immediately when he took office.
pres. bush never did anything like this.
he wasn’t interested in alinsky’s rules for radicals.

382 dentate  Mon, Mar 2, 2009 10:23:14am

re: #365 Wishing

It matters not: the King of Nothing could care less about his *base*. He will do what he damn well pleases, end of discussion.

Essence of socialism. The “vanguard of the proletariat” does not have to play by the rules it imposes on others.

383 zombie  Mon, Mar 2, 2009 10:23:16am
Stock Market Yo-Yo Watch

Stock Market Yo-Yo Watch?

Charles, for it to qualify as a yo-yo, it’s got to go both up and down. But all I’m seeing is down, down, down.

So you got the title backwards. It should have been:

Stock Market Oy-Oy Watch

384 Kenneth  Mon, Mar 2, 2009 10:23:25am

re: #320 yma o hyd

The UK won’t have the same problem as the Euro-zone countries will, but they will face a currency crisis. Still the UK does have more direct control over its economy than any one Eurozone country, so they might cope better. But sooner or later, the EU will pay for their mistakes. The question is whether it’s better to do so now while their banks are still solvent, or to wait and pay a much stiffer price later. It seems they’ve chosen the latter.

385 subsailor68  Mon, Mar 2, 2009 10:23:27am

re: #353 Kenneth

A good interview with Niall Ferguson on his book The Accent of Money

(skip ahead to the 27:15 minute mark)

Key point: the credit crisis was created by the sub-prime mortgage bubble and the highly leveraged securitization of those loans.

I need to read that book. It’s my understanding that the CRA/sub-prime mortgage bubble is the underlying factor. After all, MBS and CRS products would have been okay if the underlying mortgages had been sound.

It’s also interesting that there are really only five states that were trashed: California, Arizona, Nevada, Florida, and Michigan. So now, just like the Federal Emergency Relief Act during the Depression, folks in 45 states are forced to pick up the tab for these five.

386 Fat Bastard Vegetarian  Mon, Mar 2, 2009 10:23:29am

re: #378 tommygum

ditto

387 FurryOldGuyJeans  Mon, Mar 2, 2009 10:23:51am

re: #363 J.D.

Oh, no. I’m not going there……

Then don’t. I’m not apologizing for being an independent thinker who finds Public Figure Rush to be less than salutary to Conservatism.

388 Fat Bastard Vegetarian  Mon, Mar 2, 2009 10:23:52am

re: #383 zombie

hahahahahaha!

389 FloridaAnole  Mon, Mar 2, 2009 10:23:54am

re: #311 midwestgak

“Herrmann said that up to 8,000 boars live in the German capital.”
In DC too.

And over 8,000 boors live in our capital.

390 So?  Mon, Mar 2, 2009 10:23:55am

re: #370 Racer X

You mean 43 billion new customers for your product right?

I don’t have a product. Unless you go here.

391 Gus  Mon, Mar 2, 2009 10:24:15am

6,817.22
-245.71 (-3.48%)
Real-time: 1:23PM EST

392 Afrocity  Mon, Mar 2, 2009 10:24:26am

re: #362 Salem

If I’m wrong I’ll be delighted. But I’m not. It’s the RNC that’s to blame, as well as the Dems (the party of slavery, Jim Crow, Segregation, etcetera) who has used race to beat them into submission. The bewildered RNC responded with “You want a black man? Here you go!”

I don’t agree. The sad thing is this is what the liberals are saying about the choice of Steele. I would expect more from LGF-ers. The left is making fun of Jindal and Steele calling it RNC affirmative action plan. That is disgraceful.

393 J.D.  Mon, Mar 2, 2009 10:24:42am

re: #350 newsjunkie_ky

It was AWESOME!

I’m only on part 4 of 10.
So far, very good!

394 Golem Akbar  Mon, Mar 2, 2009 10:24:47am

How long before people say enough and turn their backs on the Democrats?

395 Wendya  Mon, Mar 2, 2009 10:25:00am

re: #381 nyc redneck

rush is being attacked by the left because they know his ability to inspire people is a real threat to them. especially the way this country will begin to wake up and see what O is trying to do.
btw O targeted rush immediately when he took office.
pres. bush never did anything like this.
he wasn’t interested in alinsky’s rules for radicals.

It’s quite common for some people on the right side of the political spectrum to follow the lead of the left, thinking they too will have a Sally Fields moment.

396 pink freud  Mon, Mar 2, 2009 10:25:01am

re: #377 Erik The Red

I never said Steele was bad. But don’t write Rush off. Unless less he supports ID. Than fuck him and God help us.

As far as I know, the only thing Rush has done that could be construed as “supporting creationism” is to say on air to give Bobby Jindal a chance. If there’s more, I would be interested in knowing exactly what that assertion is based on. Anyone?

397 gmsc  Mon, Mar 2, 2009 10:25:11am

re: #383 zombie

Stock Market Yo-Yo Watch?

Charles, for it to qualify as a yo-yo, it’s got to go both up and down. But all I’m seeing is down, down, down.

So you got the title backwards. It should have been:

Stock Market Oy-Oy Watch

Down, down, down, gravity…

398 Silvergirl  Mon, Mar 2, 2009 10:25:15am

re: #6 Hengineer

I wouldn’t call it a yo-yo as much as a bag of bricks.

Or a Ouija Board

399 Guanxi88  Mon, Mar 2, 2009 10:25:18am

re: #28 Honorary Yooper

I feel like I’m watching a train wreck happening on the NYSE floor.

If this crap keeps up, we may be looking at either Obamadepression or Obamastagflation.

Obamble; the term is Obamble.

400 Shr_Nfr  Mon, Mar 2, 2009 10:25:21am

re: #242 Kenneth

As I stated earlier, the numbers I am hearing are that Great Britain needs another $2 tn for its banking system and the EU continental banks need around $18 tn in order to get reasonably re-capitalized. That is a year’s GDP during normal times. These times are not normal. There is a lot of stuff going very wrong. KKR announced a horrid loss today on writedowns and KKR Financial (KFN) did much the same. Even BRK is going to hurt going forward. A lot of their stuff is private consumer oriented things. I am not sure that Warren is discounting them enough in his current valuations. Given that BRK does not pay a dividend, you are playing greater sucker if you think that you will get a stream of income from it. New taxable money should head toward closed end muni bond funds. They are all selling at a discount to NAV and at least pay you a dividend. The dividend is federally tax exempt except for the private activity bonds which may hit you if you are in AMT land. Some of the dividends are state tax exempt, but the majority will not be.

401 MandyManners  Mon, Mar 2, 2009 10:25:42am

I can’t take this shit anymore. I’m going for take-out. bbl

402 pink freud  Mon, Mar 2, 2009 10:26:02am

re: #387 FurryOldGuyJeans

Then don’t. I’m not apologizing for being an independent thinker who finds Public Figure Rush to be less than salutary to Conservatism.

Then you obviously didn’t listen to his speech Saturday.

403 Researcher...MO  Mon, Mar 2, 2009 10:26:11am

re: #346 FurryOldGuyJeans

Sorry to hear it. On the other hand I wish I could blamw someone else but alas, it was my own fault. However, when ID theft started to become a huge issue, I decided that I really didn’t need credit cards. Boyfriend and I neither of us have great credit, but with a huge down payment and a modest trust, we bought our home and manage to make the payments. Silly, but I worry about our credit rating going UP! Everything we own but the house is paid for! And we have a beautiful home on a lake, several vehicles including a classic Corvette (see my avatar), a boat, nice furniture etc. We’re broke most of the time, but we eat well :)

404 Afrocity  Mon, Mar 2, 2009 10:26:13am

re: #394 Golem Akbar

How long before people say enough and turn their backs on the Democrats?

May need a foreign crisis to bring em’ around.

405 Guanxi88  Mon, Mar 2, 2009 10:26:16am

In the qualified good news department, personal savings rate is up to 5%; that’s something, anyway.

406 Fat Bastard Vegetarian  Mon, Mar 2, 2009 10:26:28am

re: #401 MandyManners

Tofu for me. If they can make it General Tso’s, that’d be great.

407 Kenneth  Mon, Mar 2, 2009 10:26:33am

re: #359 godfrey

Yes, because the loans were securitized by selling them on international markets. The Europeans, Japanese & Chinese bought the derivatives. The US debt bubble was largely paid for by Asia savings. The globalization of financial markets made the collapse of US real estate prices ripple round the world.

408 FurryOldGuyJeans  Mon, Mar 2, 2009 10:26:38am

This market is a yo-yo with a dead cat attached.

409 Gus  Mon, Mar 2, 2009 10:27:04am

Another day of Obamanomics at work.

410 avanti  Mon, Mar 2, 2009 10:27:19am

re: #377 Erik The Red

I never said Steele was bad. But don’t write Rush off. Unless less he supports ID. Than fuck him and God help us.

Rush was all giddy over Ben Stein’s anti Darwin film.

411 gregg  Mon, Mar 2, 2009 10:27:19am

re: #141 Dianna

Agree 100%. The market has lost confidence in him. No clear direction on how he’s going to handle the bad banks and where he does provide clear direction (raising taxes, massive government programs), the market doesn’t like it.

412 J.S.  Mon, Mar 2, 2009 10:27:20am

re: #365 Wishing

CNN had on earlier someone who was a retired economist (with the FDIC), and he claimed that it was all due to “Mark to market accounting” — and that this law came into effect back in 1997 — and has resulted in the current crisis — they had a similar accounting thingy back in the 1930s — and the retired FDIC fellow claimed that what’s needed is to repeal, get rid of, Mark to Market accounting. (frankly, I’m clueless with respect to “Mark to Market” accounting.) Wiki article here.

413 FurryOldGuyJeans  Mon, Mar 2, 2009 10:27:22am

re: #402 pink freud

Then you obviously didn’t listen to his speech Saturday.

Then you would be absolutely WRONG.

414 Honorary Yooper  Mon, Mar 2, 2009 10:27:38am

re: #392 Afrocity

I don’t agree. The sad thing is this is what the liberals are saying about the choice of Steele. I would expect more from LGF-ers. The left is making fun of Jindal and Steele calling it RNC affirmative action plan. That is disgraceful.

I’ve noticed that. I disagree with Jindal on ID and exorcism, but to claim he is part of the GOP affirmative action plan is just the type of disgusting bigotry we’re seen time and time again from the Left.

415 reloadingisnotahobby  Mon, Mar 2, 2009 10:27:42am

re: #408 FurryOldGuyJeans
Thanks for that visual!
LOL
Now I’m really dizzy!

416 Wishing  Mon, Mar 2, 2009 10:27:45am

re: #362 Salem

I think you are dead wrong: Steele is very qualified for the job, and I certainly believe he has big plans and will implement them. To suggest that he was elected as a *token* is beneath you. GOP doesnt work that way.

417 [deleted]  Mon, Mar 2, 2009 10:28:15am
418 OldLineTexan  Mon, Mar 2, 2009 10:28:23am

re: #383 zombie

Stock Market Yo-Yo Watch?

Charles, for it to qualify as a yo-yo, it’s got to go both up and down. But all I’m seeing is down, down, down.

So you got the title backwards. It should have been:

Stock Market Oy-Oy Watch

Heh. Or Oy Vey! Watch.

/

419 Shr_Nfr  Mon, Mar 2, 2009 10:28:31am

re: #384 Kenneth

The British Banks are in horrid shape. There was a lot of real estate speculation there. The cabbies were running around muttering “Buy to let, mate, that’s where it is.” Buying a lot of crud in Spain and Bulgaria too.

420 Fat Bastard Vegetarian  Mon, Mar 2, 2009 10:28:32am

OT…for fun…

Eye halve a spelling chequer
It came with my pea sea
It plainly marques four my revue
Miss steaks eye kin knot sea.

Eye strike a key and type a word
And weight four it two say
Weather eye am wrong oar write
It shows me strait a weigh.

As soon as a mist ache is maid
It nose bee fore too long
And eye can put the error rite
Its rare lea ever wrong.

Eye have run this poem threw it
I am shore you please two no
Its letter perfect awl the weigh
My chequer tolled me sew.

Author? Dunno.

421 OldLineTexan  Mon, Mar 2, 2009 10:28:43am

re: #406 Fat Bastard Vegetarian

Tofu for me. If they can make it General Tso’s, that’d be great.

General Tso-Fu

422 dentate  Mon, Mar 2, 2009 10:28:52am

re: #392 Afrocity

I don’t agree. The sad thing is this is what the liberals are saying about the choice of Steele. I would expect more from LGF-ers. The left is making fun of Jindal and Steele calling it RNC affirmative action plan. That is disgraceful.

This is why we need a viable third choice. The track record of third parties is abysmal, but these are extraordinary times. A party based on rational thinking and rational policies, personal responsibility and accountability, fiscal conservatism and small government, does not exist at this time.

423 J.D.  Mon, Mar 2, 2009 10:29:00am

re: #387 FurryOldGuyJeans

Then don’t. I’m not apologizing for being an independent thinker who finds Public Figure Rush to be less than salutary to Conservatism.

I didn’t even think you needed to apologize, and I certainly didn’t ask you to do so.

424 Catttt  Mon, Mar 2, 2009 10:29:15am

re: #337 Golem Akbar

Even better!

You remind me of the old guy who said “I don’t care if they’re not real - I like them anyway” about Pamela Anderson Lee’s fab plastic knockers.

You might like this, if you like grandcanyonage - Sherry Glaser, right, and her monsterous upper half (torture!) - Not safe for work.

Don’t know who the skinnyminnie on the left is.

425 So?  Mon, Mar 2, 2009 10:29:16am

re: #375 Leonidas Hoplite

I sense a bit of sarcasm here. Are you of the opinion that fewer humans would ease our current distress?

No, not at all. A few days ago on another thread, I forget the topic. Somebody posted that with today’s technology we could easily feed 50 billion people on Planet Earth. He received 3 plus dings in a matter of 5 minutes. I found that statement ludicrous, to which I replied: Well, there’s more to planet “stress” than just food production. Imagine 50 billion people flushing their toilets twice a day as just one small example.

The sarcasm was intended for those who believe we could support 50 billion people right now.

426 wahabicorridor  Mon, Mar 2, 2009 10:29:48am

re: #412 J.S.

CNN had on earlier someone who was a retired economist (with the FDIC), and he claimed that it was all due to “Mark to market accounting” — and that this law came into effect back in 1997 — and has resulted in the current crisis — they had a similar accounting thingy back in the 1930s — and the retired FDIC fellow claimed that what’s needed is to repeal, get rid of, Mark to Market accounting. (frankly, I’m clueless with respect to “Mark to Market” accounting.) Wiki article here.

I believe the current version of mark-to-market was instituted as a response to the Enron debacle.

427 Salem  Mon, Mar 2, 2009 10:29:56am

re: #373 Fat Bastard Vegetarian

Hi Salem! I disagree. Used to listen to Michael Steele quite a bit on the “Tony Snow” show.

Tony (a great judge, IMHO) had great aspirations for Mr. Steele. I am standing by the selection.

Well, okay. My beef is with the RNC and the idea that there even would be a Conservative element remaining without Rush Limbaugh or that they’ll be a credible talk-show host with a grasp of the left’s diabolical plans. If it’s time to throw Rush under the bus, fine. He pretty much screwed himself with Jindal. But when he’s gone people will suddenly become starkly aware of his role in contemporary politics and the void left behind by his absence.

428 Vicious Babushka  Mon, Mar 2, 2009 10:30:10am

re: #300 Occasional Reader

Even when The One entertains himself with lavish parties with top stars, in the middle of an economic crisis, He’s doing the right thing. As always.

429 FurryOldGuyJeans  Mon, Mar 2, 2009 10:30:24am

re: #415 reloadingisnotahobby

Thanks for that visual!
LOL
Now I’m really dizzy!

Not even the infamous dead cat bounce is making this market go up.

430 doppelganglander  Mon, Mar 2, 2009 10:30:24am

re: #277 vagabond trader

I only have one for necessity and they upped my interest 5% for no reason.Same with other people I know.You are better off without them

I got that notice this weekend. I’ll be paying it off and closing that account.

431 VioletTiger  Mon, Mar 2, 2009 10:31:22am

Yes, Barrack. It WAS something you said.

432 bolivar  Mon, Mar 2, 2009 10:31:28am

re: #392 Afrocity

I don’t agree. The sad thing is this is what the liberals are saying about the choice of Steele. I would expect more from LGF-ers. The left is making fun of Jindal and Steele calling it RNC affirmative action plan. That is disgraceful.

ID malarkey notwithstanding I like Jindal immensely. Steele was a guy I cheered for when he got the job. I want the right to appeal to ALL right thinking people and to have no preconceived notions about bigotry and prejudice. I have no malice to the messiah for being black - I have malice for the terrible things he and his ilk plan to and are doing to my wonderful nation. That makes me sad and mad. That looks like a candidate for rotating heading doesn’t it?

433 midwestgak  Mon, Mar 2, 2009 10:31:38am

re: #397 gmsc

Down, down, down, gravity…

I’ve got the DOW, DOW, DOW, DOW down in my heart.
Down in my heart, down in my heart.
I’ve got the DOW, DOW, DOW, DOW down in my heart.
Down in my heart to stay.

434 Fat Bastard Vegetarian  Mon, Mar 2, 2009 10:31:39am

re: #427 Salem

Nothing to disagree with there. Well said.

435 Shr_Nfr  Mon, Mar 2, 2009 10:31:41am

re: #412 J.S.

Mark to market impacts the capitalization of the banks and insurance companies. It forces them to pretend that their whole portfolio is for sale today and then makes them put down the market clearing price for the value. Since they have capital requirements that have to get met, a freefall decline in prices puts them below those capital requirements. To stay in business, they need new capital from someplace. Problem is, there is no new capital. Quite nasty really.

436 avanti  Mon, Mar 2, 2009 10:31:47am

re: #394 Golem Akbar

How long before people say enough and turn their backs on the Democrats?

When the right does the same with the religious right and gives the voter a choice not tied to a theocracy.

437 Kenneth  Mon, Mar 2, 2009 10:32:07am

re: #385 subsailor68

That’s about the size of it. The financial institutions were overly leveraged, but the jolt that brought down the house of cards was the collapse of the sub-prime mortgage market. Maybe something else might have done that, but I’m not sure anything else was as big a risk.

Interesting point Ferguson makes: Chimarica will live on. The tight relationship between US & Chinese financial institutions, based upon the mutual necessity of US & China for each other, means that the Chinese will continue to buy up US treasury bonds, if not as much as before. This explains the rather warm & gentle words Hillary murmured in Beijing two weeks ago. It’s in nobody’s interest to break up the marriage.

438 Silvergirl  Mon, Mar 2, 2009 10:32:14am

re: #409 Gus 802

Another day of Obamanomics at work.

… with the Magic 8 Ball

439 Kosh's Shadow  Mon, Mar 2, 2009 10:32:25am

re: #371 Wishing

I heard Steele on the radio Friday morning, and he was furious with the McCain campaign pulling out of Michigan when it did. His comment: We have learned from that…

I’m furious at McCain for only pretending to run for a lot of the campaign.

440 OldLineTexan  Mon, Mar 2, 2009 10:32:28am

re: #429 FurryOldGuyJeans

Not even the infamous dead cat bounce is making this market go up.

Maybe this cat ain’t dead yet.

Maybe it has further to fall.

441 CLLRusso  Mon, Mar 2, 2009 10:32:30am

re: #310 yenta-fada

It took me quite a while to figure out that my broker is hardly a good financial advisor. Anyone who makes their living by keeping me IN THE MARKET is not a detached observer. If you don’t stay in the game, the broker doesn’t take home any commissions.

With most commissions paid on inception, except for the small yearly brokerage fee I have no idea how David makes any money now.

442 yma o hyd  Mon, Mar 2, 2009 10:32:39am

re: #384 Kenneth

The UK won’t have the same problem as the Euro-zone countries will, but they will face a currency crisis. Still the UK does have more direct control over its economy than any one Eurozone country, so they might cope better. But sooner or later, the EU will pay for their mistakes. The question is whether it’s better to do so now while their banks are still solvent, or to wait and pay a much stiffer price later. It seems they’ve chosen the latter.

I’m glad you said the UK might cope better!
With the current leadership, that is Gord/NuLab, who have aggravated this crisis beyond belief I have my doubts. Yes, we’ve retained more control, but Gord and his chancellor are not controlling, they are riding us deeper into the sh*t every day.

Our only hope is an early election, this year. But then, Gord sees himself as saviour of the world, and won’t think of going before the next economic summit at the end of April, at the earliest.
Who knows how deep we’ll be in it by then!

443 Opinionated  Mon, Mar 2, 2009 10:33:00am

re: #361 CLLRusso

It was an attempt at sarcasm.

This market is happening in reaction to Obama. Even if the ordinary crowd still supports the Socialist, the market is smart enough to know how much damage he is going to do to the economic system of this Nation and is responding accordingly by selling.

444 Erik The Red  Mon, Mar 2, 2009 10:33:14am

re: #410 avanti

Rush was all giddy over Ben Stein’s anti Darwin film.

Good try. I don’t see anywhere in his transcript that he supports ID.

445 vagabond trader  Mon, Mar 2, 2009 10:33:17am

re: #430 doppelganglander

My friend called his company and haggled for them to restore the old rate for a lousy year. I suspect those with good credit will have to do this to stall the arbitrary increases.

446 zombie  Mon, Mar 2, 2009 10:33:48am

The fundamental problem is that the EU and the US are trying to blend capitalism and socialism into the same economic system. But that can never succeed.

In real capitalism, everybody works (because they have to work, or starve), and as a result tremendous wealth is generated, and overall everybody is comparatively rich.

In real socialism, almost nobody works (or works enthusiastically, or does something actually useful), because the welfare state gives the incentive to sit round on your ass all day drawing “the dole” — and those few who are working are not responding to market demands, but instead ill-thought-out government dictates. And as a result, everybody is equally poor.

But what we have in the EU and (increasingly) in the US is a Frankensteinian blend of the two. So what ends up happening is that half the people work like hell, and the other half are supported by the first half. So the real workers have to work twice as hard, but feel twice the resentment. And we’ve reached the breaking point where the whole teratological system can’t sustain itself anymore.

We here think the solution to “go the full capitalism.” Obama thinks the solution is to plunge headfirst into a socialist system.

Problem is, he’s in control. And we’re on the sidelines.

447 reloadingisnotahobby  Mon, Mar 2, 2009 10:34:10am

re: #429 FurryOldGuyJeans

We paid off everything but the mortgage so we could stash the income where it would do the most for us!
But where exactly would THAT BE!
It’s going to get far worse before it gets even a little better!
Depressing to say the least

448 J.S.  Mon, Mar 2, 2009 10:34:25am

re: #435 Shr_Nfr

so it would be a good idea, then, to get rid of “mark to market” accounting? (sounds to me like a good idea…that’s superficially from someone without financial/economic training…) (they’re saying that the same accounting — mark to market — was used during the 1930s, and was a major contributor to the depression).

449 formercorpsman  Mon, Mar 2, 2009 10:34:37am

re: #303 gmsc

That really hits home.

450 Kosh's Shadow  Mon, Mar 2, 2009 10:34:38am

re: #445 vagabond trader

My friend called his company and haggled for them to restore the old rate for a lousy year. I suspect those with good credit will have to do this to stall the arbitrary increases.

I’ve actually noticed some rates going down. Maybe they figure if they lower the rates I’ll stop trying to pay off the cards. Too bad for them.

451 Nevergiveup  Mon, Mar 2, 2009 10:34:40am

Well I don’t know about anyone else, but Obama is making dam sure I’ll never be able to retire.

452 [deleted]  Mon, Mar 2, 2009 10:34:42am
453 Erik The Red  Mon, Mar 2, 2009 10:35:06am

re: #417 taxfreekiller

tfk please get an avatar. You have made your colors.

454 sattv4u2  Mon, Mar 2, 2009 10:35:28am

re: #436 avanti

When the right does the same with the religious right and gives the voter a choice not tied to a theocracy.

McCain was Theocratic? Because most on the ‘right” voted for him this time out. As a matter of fact, the “religious right” didn’t!

455 FurryOldGuyJeans  Mon, Mar 2, 2009 10:35:29am

Now Michigan is pimping for businesses by advertising on CNBC.

456 Wishing  Mon, Mar 2, 2009 10:35:36am

re: #439 Kosh’s Shadow

I’m furious at McCain for only pretending to run for a lot of the campaign.

So was Steele….I think he will liven things up…

457 Bloodnok  Mon, Mar 2, 2009 10:35:59am

re: #387 FurryOldGuyJeans

Then don’t. I’m not apologizing for being an independent thinker who finds Public Figure Rush to be less than salutary to Conservatism.

I agree. I like listening to the guy now and then, but his negatives with Independents and swing Dems outweigh his positives, IMO. He intends to be a polarizing figure and that’s exactly what he is. I think he does great work for the base, but there are more people in the middle-right or center (chased there by a few outdated or incorrect SoCon positions) than there was 20 years ago. We need to bring people over in order to win convincingly and the person to make that happen will never be Rush -no matter how much he makes me (one of the already converted) laugh.

458 jcm  Mon, Mar 2, 2009 10:36:02am

re: #451 Nevergiveup

Well I don’t know about anyone else, but Obama is making dam sure I’ll never be able to retire.

You and me both…..

459 newsjunkie_ky  Mon, Mar 2, 2009 10:36:07am

re: #376 yenta-fada

If you notice the fine print on most financial contracts, they say “PAST performance is no guarantee of future returns”, or something like that. In your memory, were big banking stocks EVER almost penny stocks? Maybe this is a different ball of wax.


Could be, if we don’t take Congress back and stop the 0. I do fear the damage may already be done.

460 Salem  Mon, Mar 2, 2009 10:36:11am

re: #416 Wishing

I think you are dead wrong: Steele is very qualified for the job, and I certainly believe he has big plans and will implement them. To suggest that he was elected as a *token* is beneath you. GOP doesnt work that way.

Uh, they shouldn’t work that way. But they’ve been beaten with race again and again when it was never should have been their albatross to carry in particular. You honestly see Obama elected and Steele picked and figure it’s just a coincidence? This is just what I knew would happen if Obama was elected. And this is just the beginning. Sad…

461 vagabond trader  Mon, Mar 2, 2009 10:36:41am

re: #436 avanti

wtf are you talking about? McCain was not a bible thumper and W, who was,didn’t suspend our right to worship or not.The Obama’s supposed religiosity is more concerning to me, beginning with the anti American Jew hating church.

462 Gus  Mon, Mar 2, 2009 10:36:43am

re: #438 Silvergirl

… with the Magic 8 Ball

Cp, the Magic Eightball might work better than Obama “The Brainiac Dunce.”

463 FurryOldGuyJeans  Mon, Mar 2, 2009 10:36:45am

WHOA! CBNC just announced a program to help make “your money Obama resistant”!

464 Leonidas Hoplite  Mon, Mar 2, 2009 10:36:48am

re: #455 FurryOldGuyJeans

Now Michigan is pimping for businesses by advertising on CNBC.

I wonder if the advertising dollars were part of the porkulus bill.

465 OldLineTexan  Mon, Mar 2, 2009 10:36:52am

re: #451 Nevergiveup

Well I don’t know about anyone else, but Obama is making dam sure I’ll never be able to retire.

In my case, he’s getting help from my employer, my wife, and my kids.

/

466 Peacekeeper  Mon, Mar 2, 2009 10:36:54am

Teratological Of abnormal growth or structure of a fetus or embryo.

BIG WORDS IS RIPPING US OFF!

467 Afrocity  Mon, Mar 2, 2009 10:36:57am

re: #432 bolivar

ID malarkey notwithstanding I like Jindal immensely. Steele was a guy I cheered for when he got the job. I want the right to appeal to ALL right thinking people and to have no preconceived notions about bigotry and prejudice. I have no malice to the messiah for being black - I have malice for the terrible things he and his ilk plan to and are doing to my wonderful nation. That makes me sad and mad. That looks like a candidate for rotating heading doesn’t it?

I may be wrong but to me Steele, Palin, Jindal all seem qualified for their jobs and had proven track records of success. The left trashes all three of them and marginalizes their accomplishments while uplifting the consummate empty suit - Barack Obama. Speeches does not make a great leader nor does being a community organizer. Obama fluffed his way to office on good looks, oratory and the appeal of a “historic moment”.

If I see tokenism I promise my fellow LGF’ers I will be the first to call it out.

I am not for afrimative action. It hurts everyone.

468 FloridaAnole  Mon, Mar 2, 2009 10:37:01am

Steele, I think, fell into the Alinsky Rule trap laid by his interlocutor. He was mouisetrapped into explaining that he was head of the Republican party, not Rush. Steele IS head of the Republican Party; Rush is a leader of a certain large faction of Conservatism.

469 [deleted]  Mon, Mar 2, 2009 10:37:07am
470 nyc redneck  Mon, Mar 2, 2009 10:37:45am

re: #436 avanti

why are you attacking rush so much.

if you really thought he was going to be detriment to us,
you would remain silent.

lol, thanks for your “concern”

471 OldLineTexan  Mon, Mar 2, 2009 10:38:08am

re: #454 sattv4u2

McCain was Theocratic? Because most on the ‘right” voted for him this time out. As a matter of fact, the “religious right” didn’t!

Heh. I also thought it was Obama running with a religious following (Messiah-King and AGW).

472 SummerSong  Mon, Mar 2, 2009 10:38:12am

What the GOP Really Wants: Obama’s Autograph

[Link: news.yahoo.com…]

473 Wishing  Mon, Mar 2, 2009 10:38:14am

re: #460 Salem

Uh, they shouldn’t work that way. But they’ve been beaten with race again and again when it was never should have been their albatross to carry in particular. You honestly see Obama elected and Steele picked and figure it’s just a coincidence? This is just what I knew would happen if Obama was elected. And this is just the beginning. Sad…

There were rumblings about Steele long before the election. If you think the GOP is hypocritical, what are you doing to change it?

474 Silvergirl  Mon, Mar 2, 2009 10:38:26am

re: #365 Wishing

It matters not: the King of Nothing could care less about his *base*. He will do what he damn well pleases, end of discussion.

This is true. Sadly.

475 doppelganglander  Mon, Mar 2, 2009 10:38:30am

re: #445 vagabond trader

My friend called his company and haggled for them to restore the old rate for a lousy year. I suspect those with good credit will have to do this to stall the arbitrary increases.

Mine’s not so great, but I think the real reason is that I use the card so seldom. I can call them and refuse the change, which means the card is invalid after a certain date (May, I believe). I will be allowed to pay it off under the existing terms. I’d really like to pay it off sooner since it’s really not a large amount.

476 sattv4u2  Mon, Mar 2, 2009 10:38:47am

re: #460 Salem

And this is just the beginning. Sad…

it would be sad if Steele wasn’t a qualified black man, i.e. Burris. In that he IS qualified, it makes picking him all all that much better

477 FurryOldGuyJeans  Mon, Mar 2, 2009 10:38:48am

re: #454 sattv4u2

McCain was Theocratic? Because most on the ‘right” voted for him this time out. As a matter of fact, the “religious right” didn’t!

If anything McCain had one of the worst showings with the Religious Right in recent history.

478 vagabond trader  Mon, Mar 2, 2009 10:38:49am

re: #450 Kosh’s Shadow

It’s to lull you into jacking up your bill, then wham! They know their consumer psychology.Best to pay them off, most certainly

479 zombie  Mon, Mar 2, 2009 10:38:55am

re: #469 buzzsawmonkey

I’m really feeling my Dow jones.

You’ve got a buzzsawmonkey on your back.

480 stevieray  Mon, Mar 2, 2009 10:38:58am

re: #108 Shr_Nfr

Europe is doing even worse than we are. Off around 5%. There are massive problems in the Eastern European countries that may blow a lot of their banks out of the water.

Late to the thread…. out shoveling snow…

You are correct — there is a wave of loan defaults heading toward the European banks, from both Eastern Europe and South America. And Europe isn’t handling it well at all.

I hear something on the radio yesterday — Germany said it won’t help prop up Eastern Europe’s economy. That decision could be the worst one yet — if those economies collapse, the Euro collapses with them.

481 JimV  Mon, Mar 2, 2009 10:39:02am

O.B.A.M.A = One Bad Ass Mistake, America

482 Gus  Mon, Mar 2, 2009 10:39:16am

re: #471 OldLineTexan

Heh. I also thought it was Obama running with a religious following (Messiah-King and AGW).

Obamaism is a religion all itself.

483 reloadingisnotahobby  Mon, Mar 2, 2009 10:39:17am

re: #469 buzzsawmonkey
So your ” Jonesin”?
Then “Dow Jonesing” must really suck!
I feel ya~!

484 subsailor68  Mon, Mar 2, 2009 10:39:19am

re: #437 Kenneth

I’m definitely buying that book! I hope he’s right about Chimerica. I can’t imagine what would happen if that market dried up.

Ironic isn’t it that China recognizes the value of free markets, and Putin warns against socialism? It’s an upside down world.

485 Salem  Mon, Mar 2, 2009 10:39:20am

Republicans are going to be quarreling over religion and race now while Dems divide the loot. Neither issue matters to me in the least so I guess I may as well stay out of it.

486 FrogMarch  Mon, Mar 2, 2009 10:39:28am

re: #446 zombie

…So what ends up happening is that half the people work like hell, and the other half are supported by the first half. So the real workers have to work twice as hard, but feel twice the resentment….


Bingo.

The socialist/democrats realize that if they can keep the percentage of their supporters on the dole, and that percentage is higher than those on the working there ass off side, they can continue to win elections.

487 [deleted]  Mon, Mar 2, 2009 10:39:49am
488 gmsc  Mon, Mar 2, 2009 10:39:53am

As I write this, the Dow Jones is at 6,815.86, lower than the stock market’s closing price on January 17, 1997.

0bama has already taken the stock market back 12 years!

489 OldLineTexan  Mon, Mar 2, 2009 10:39:53am

re: #463 FurryOldGuyJeans

WHOA! CBNC just announced a program to help make “your money Obama resistant”!

Eat it now and live off your fat for four years?

490 VioletTiger  Mon, Mar 2, 2009 10:39:57am

re: #439 Kosh’s Shadow

I’m furious at McCain for only pretending to run for a lot of the campaign.

And also for not taking the opportunity to show America the REAL reasons for the housing market problems/mortgage problems, and for not opposing the ballot, and etc.

491 turn  Mon, Mar 2, 2009 10:40:00am

re: #425 So?

No, not at all. A few days ago on another thread, I forget the topic. Somebody posted that with today’s technology we could easily feed 50 billion people on Planet Earth. He received 3 plus dings in a matter of 5 minutes. I found that statement ludicrous, to which I replied: Well, there’s more to planet “stress” than just food production. Imagine 50 billion people flushing their toilets twice a day as just one small example.

The sarcasm was intended for those who believe we could support 50 billion people right now.

Maybe not now, but it won’t be long IMO. Many people tend to believe technology is advancing in a linear fashion rather than the exponential curve it is actually on. I believe 50 billion will be sustainable in the not to distant future given the advances we will make in molecular nanotechnology for instance.

[Link: www.crnano.org…]

492 yma o hyd  Mon, Mar 2, 2009 10:40:15am

re: #419 Shr_Nfr

The British Banks are in horrid shape. There was a lot of real estate speculation there. The cabbies were running around muttering “Buy to let, mate, that’s where it is.” Buying a lot of crud in Spain and Bulgaria too.

Buying in Spain - thats mostly pensioners who wanted to spend their last years in a warm climate.
They are in a terrible state now, with the ££ nearly at equity with the Euro, their savings in stocks and bonds in the toilet, and the interest rate on cash now at 1%.

Gord and the Bank of England could have intervened to keep that property bubble under control, by raising interest rates a few years back - but no! Even though personal debt was rising to unprecedented levels, the low interest rates gave the whole bubble an extra kick.
Thanks, Gord, it was you, as chancellor of the exchequer, who got us into this mess - and now you’re doing your worst to get us in even deeper.

Bring on the next election!

493 Nevergiveup  Mon, Mar 2, 2009 10:40:17am

Durban 2 draft statement: Israel’s Palestinian policy is crime against humanity

[Link: www.haaretz.com…]

But I thought Obama was going to work all this out?

494 Kenneth  Mon, Mar 2, 2009 10:40:26am

re: #400 Shr_Nfr

re: #419 Shr_Nfr

The stuff of nightmares. I just saw my retirement nest egg drop by 25% since July. I still have time to build it back up before I retire, but my dream of retiring at 55 is gone. It’s much worse for pensioners on fixed incomes. They are in a terrible situation. And yet the scoundrels who stole the money got voted back into Congress, and even the White House.

The situation in Eastern Europe could get very bad: they don’t have a long history of political stability or the rule of law over there. They do have a long history of civil violence when things get tough economically. Watch for riots and governments to collapse. Ooops, already happening…

495 Gus  Mon, Mar 2, 2009 10:41:08am

re: #463 FurryOldGuyJeans

WHOA! CBNC just announced a program to help make “your money Obama resistant”!

Safe deposit box! Actually, your own personal safe to keep it away from Treasury agents.

496 So?  Mon, Mar 2, 2009 10:41:19am

Just received this important memo, thought I’d share.

Employee Memo:


Due to the current financial situation caused by the slowdown
of the economy, Management has decided to implement a scheme to
put workers of 40 years of age and above on early retirement..
This scheme will be known as RAPE (Retire Aged People Early).

Persons selected to be RAPED can apply to management to be
eligible for the SHAFT scheme (Special Help After Forced
Termination). Persons who have been RAPED and SHAFTED will be
reviewed under the SCREW program (Scheme Covering Retired
Early Workers). A person may be RAPED once, SHAFTED twice and
SCREWED as many times as Management deems appropriate.

Persons who have been RAPED can only get AIDS (Additional
Income for Dependants & Spouse) or HERPES (Half Earnings for
Retired Personnel Early Severance). Obviously persons who
have AIDS or HERPES will not be SHAFTED or SCREWED any further
by Management.

Persons who are not RAPED and are staying on will receive as
much SHIT (Special High Intensity Training) as possible.
Management has always prided itself on the amount of SHIT
it gives employees. Should you feel that you do not receive
enough SHIT, please bring to the attention of your Supervisor.
They have been instructed to give you all the SHIT you can handle.

Sincerely,
The Management

497 Racer X  Mon, Mar 2, 2009 10:41:24am

I can take no more.

*Dramatic Exit*

498 [deleted]  Mon, Mar 2, 2009 10:41:36am
499 VioletTiger  Mon, Mar 2, 2009 10:41:39am

re: #440 OldLineTexan

Maybe this cat ain’t dead yet.

Maybe it has further to fall.

Cat are being maligned and Cattula is starting to get a cattitude….

500 FrogMarch  Mon, Mar 2, 2009 10:41:54am

their ass off

501 Kosh's Shadow  Mon, Mar 2, 2009 10:41:58am

re: #451 Nevergiveup

Well I don’t know about anyone else, but Obama is making dam sure I’ll never be able to retire.

He’ll have a new chain of retirement homes and golf courses, called “Soylent Greens”.

502 Leonidas Hoplite  Mon, Mar 2, 2009 10:42:14am

re: #491 turn

Maybe not now, but it won’t be long IMO. Many people tend to believe technology is advancing in a linear fashion rather than the exponential curve it is actually on. I believe 50 billion will be sustainable in the not to distant future given the advances we will make in molecular nanotechnology for instance.

[Link: www.crnano.org…]

Buy land!

503 gonecamping  Mon, Mar 2, 2009 10:42:15am

That deserves an upding.

Does RNC stand for Rhino National Committee now?

Quite frankly, the Republican Party is failing me, and has been doing so for some time now.
I want Fiscal Conservatism, not a bunch of pork.
I want secure borders, not a free ride for ILLEGAL ALIENS.
I want to be able to enjoy the fruits of MY hard work, not be egregiously taxed to give to lazy people with an entitlement mentality.
I want elected representatives to do as we desire instead of imposing thier view and agenda upon us.

I don’t agree with all Rush says, and yes he does have a big ego….so what! I’d rather listen to Rush hammer home the points that need to be made than listen to any Republican kiss Obama’s posterier and ignore the damage being done with the stimulus package and bloated budget.

Steele should be focusing on defeating Obama’s agenda instead of carrying water for Obama by bashing Rush….who is doing more about exposing what Obama is up to than the RNC is.

ps. I want a busness friendly environmenet so my carefully nurtured investments can thrive again instead of dwindling to even further.

re: #280 taxfreekiller

RNC
Michael Steele

The RNC is tone deaf, and still lusting for Amnesty this very moment.

These old out of touch king makers must be put out to pasture.

Give them all Congressional medical and retirement pay and send them home. Much cheaper and we need to save the country, they are in the way.

504 rawmuse  Mon, Mar 2, 2009 10:42:52am

re: #496 So?

That is not funny, truly. I am not laughing. The irony is gone.

505 Erik The Red  Mon, Mar 2, 2009 10:42:53am

re: #470 nyc redneck

why are you attacking rush so much.

if you really thought he was going to be detriment to us,
you would remain silent.

lol, thanks for your “concern”

I wish sometimes the right would blindly follow Rush like the left as asshaterly followed 44. We would not be in this situation if we could find another RR or someone that could draw the Conservatives together.

506 Nevergiveup  Mon, Mar 2, 2009 10:43:11am

re: #488 gmsc

As I write this, the Dow Jones is at 6,815.86, lower than the stock market’s closing price on January 17, 1997.

0bama has already taken the stock market back 12 years!

But how come I felt a whole lot richer in 1997?

507 brookly red  Mon, Mar 2, 2009 10:43:41am

re: #463 FurryOldGuyJeans

WHOA! CBNC just announced a program to help make “your money Obama resistant”!

I gave up on them years ago, but lately they seem like they are starting to come around… but it is to early to tell.

508 zombie  Mon, Mar 2, 2009 10:43:42am

re: #487 taxfreekiller

Zombie

Only trouble is Obama jumped headfirst into an empty pool, the Democrats stole all the water ($) over the last 50 years with their
over spending (aided by Bush and McCain) so,, he landed on his poor
little flat earth, climate change, welfare to the max,,, head.

Agrred. Which is why I personally think we are indeed headed for a capital-D Depression.

You can’t fund your socialist fantasies with an empty piggy bank. Socialist/communist economies basically take the accumulated weath of the pre-existing capitalist system that they overthrew, and coast along on that wealth until it is all used up. Then people kick out the socialists and the cycle starts all over again. That’s what happened in Russia, it’s what happened in Cuba, and it’s what’s gonna happen in Venezuela. Etc.

Poor Obama seized the reins at the exact moment we already ran out of money. Awww — too bad!

509 Afrocity  Mon, Mar 2, 2009 10:43:48am

re: #503 gonecamping

I am beginning to see why we lost the last election.
Take that any way you want to.

510 bolivar  Mon, Mar 2, 2009 10:43:48am

re: #467 Afrocity

I may be wrong but to me Steele, Palin, Jindal all seem qualified for their jobs and had proven track records of success. The left trashes all three of them and marginalizes their accomplishments while uplifting the consummate empty suit - Barack Obama. Speeches does not make a great leader nor does being a community organizer. Obama fluffed his way to office on good looks, oratory and the appeal of a “historic moment”.

If I see tokenism I promise my fellow LGF’ers I will be the first to call it out.

I am not for afrimative action. It hurts everyone.

This is refreshing thinking. I applaud you educating yourself and know you will be a great asset in the future. We have a huge task ahead of us folks. The future is full of promise if we can just wrest power from the idjits before it is too late. Anytime after 2010 might just be so.

511 HippieforLife  Mon, Mar 2, 2009 10:44:03am

re: #185 kansas

These people make me sick! The menu sounds great, maybe they can share a few scraps. After all, we paid for it!

512 Wendya  Mon, Mar 2, 2009 10:44:51am

re: #484 subsailor68

Ironic isn’t it that China recognizes the value of free markets, and Putin warns against socialism? It’s an upside down world.


That’s the American left. Always followers, never leaders and generally way behind the curve.

513 midwestgak  Mon, Mar 2, 2009 10:44:52am

re: #502 Leonidas Hoplite

Buy land!

Beware - Eminent Domain.

514 turn  Mon, Mar 2, 2009 10:45:00am

re: #446 zombie

“Problem is, he’s in control. And we’re on the sidelines.”

Are you serious? How much trouble could he possibly get this country into in just 4 years anyway?

/

I guess the question in my mind is whether O’s move toward socialism can ever be reversed.

515 VioletTiger  Mon, Mar 2, 2009 10:45:08am

re: #45 kansas

Seriously, why is his approval rating staying up?


Strong Koolaid, not worn off just yet.

516 Afrocity  Mon, Mar 2, 2009 10:45:17am

I wish Fox news would fire Kirsten

517 gmsc  Mon, Mar 2, 2009 10:45:27am

The last time the Dow was at this level (January 17, 1997), Clinton was still president, and we were all watching this footage on the evening news:

518 avanti  Mon, Mar 2, 2009 10:45:34am

re: #444 Erik The Red

Good try. I don’t see anywhere in his transcript that he supports ID.

How about him opposing the ruling by the liberal judges in the Dover case.

link

519 J.D.  Mon, Mar 2, 2009 10:45:51am

re: #513 midwestgak

Beware - Eminent Domain.

Oh, the L3s are big on that!

520 FurryOldGuyJeans  Mon, Mar 2, 2009 10:45:57am

re: #507 brookly red

I gave up on them years ago, but lately they seem like they are starting to come around… but it is to early to tell.

I was just BRIEFLY watching to get an update on the markets. I was about to change the channels when I heard “…..Cramer will show how to make your money Obama resistant….”.

521 gmsc  Mon, Mar 2, 2009 10:46:11am

re: #506 Nevergiveup

But how come I felt a whole lot richer in 1997?

Because we had a slick character in the White House. Now, there are no slick characters in the White House.

522 kansas  Mon, Mar 2, 2009 10:46:19am

6,806.54
-256.39 (-3.63%)
Real-time: 1:45PM EST

523 jcm  Mon, Mar 2, 2009 10:46:21am

re: #513 midwestgak

Beware - Eminent Domain.

Kelo definition of common good.
Land can be condemned to give to someone who will pay higher taxes on it.

524 So?  Mon, Mar 2, 2009 10:46:43am

re: #491 turn

The font was too small, couldn’t read it. Kidding.

525 Killgore Trout  Mon, Mar 2, 2009 10:46:48am

Humans evolution leads to creationism….
Humans may be primed to believe in creation

No matter what their religious beliefs, college-educated adults frequently agree with purpose-seeking yet false explanations of natural phenomena - finches diversified in order to survive, for instance.

“The very fact of belief in purpose itself might lead you to favour intelligent design,” says Deborah Kelemen, a psychologist at Boston University, who led the study

Kelemen has documented the same kind of erroneous thinking - called promiscuous teleology - in young children. Seven and eight-year olds agree with teleological statements such as “Rocks are jagged so animals can scratch themselves” and “Birds exist to make nice music”. These mistakes diminish as kids take more science classes and learn causal explanations for natural events.

526 Gus  Mon, Mar 2, 2009 10:47:06am

re: #522 kansas

Approaching the 7900s.

527 Kenneth  Mon, Mar 2, 2009 10:47:08am

re: #442 yma o hyd

China needs the US to buy her manufactured goods. There is no where near enough domestic demand in China to replace the US market. The US needs China to buy treasury bonds and thereby finance the deficit. It’s a marriage made at the bank.

Russia, meanwhile will create havoc, as they will benefit from a rise in energy prices.

528 Desert Dog  Mon, Mar 2, 2009 10:47:08am

re: #508 zombie

Agrred. Which is why I personally think we are indeed headed for a capital-D Depression.

You can’t fund your socialist fantasies with an empty piggy bank. Socialist/communist economies basically take the accumulated weath of the pre-existing capitalist system that they overthrew, and coast along on that wealth until it is all used up. Then people kick out the socialists and the cycle starts all over again. That’s what happened in Russia, it’s what happened in Cuba, and it’s what’s gonna happen in Venezuela. Etc.

Poor Obama seized the reins at the exact moment we already ran out of money. Awww — too bad!

Apparently, not having any money is not slowing our President down one bit. We can always print more, borrow more, add more to the deficit. This spending is only beginning….

529 abaleh  Mon, Mar 2, 2009 10:47:11am

re: #491 turn

Maybe not now, but it won’t be long IMO. Many people tend to believe technology is advancing in a linear fashion rather than the exponential curve it is actually on. I believe 50 billion will be sustainable in the not to distant future given the advances we will make in molecular nanotechnology for instance.

[Link: www.crnano.org…]

Since the World’s population is projected to peak at ~9 billion and then decline, it doesn’t really matter. The question is if we can sustain the same level of production with the working age population in decline.
Technological advances should be focused on production enhancement (robotics, AI), or else there will be a need for workers from the developing world.

530 Nevergiveup  Mon, Mar 2, 2009 10:47:19am

Durban 2’ boycott hints that Obama ready for dialogue but won’t sell out

[Link: www.ynetnews.com…]

I wouldn’t bet the bank on that…urh…I guess betting the bank in an Obama administration doesn’t really mean all that much? Never mind.

531 turn  Mon, Mar 2, 2009 10:47:42am

re: #502 Leonidas Hoplite

Buy land!

Actually this technology would allow mankind to have a much, much smaller footprint. Many articles have been written on this amongst the MNT crowd.

532 snowcrash  Mon, Mar 2, 2009 10:47:46am

re: #516 Afrocity
Nina Eason is the one who gets me riled up.

533 vagabond trader  Mon, Mar 2, 2009 10:48:00am

re: #523 jcm

That land remains empty. Conservative judges voted aye on that one too.

*spit*

534 FurryOldGuyJeans  Mon, Mar 2, 2009 10:48:08am

re: #467 Afrocity

I may be wrong but to me Steele, Palin, Jindal all seem qualified for their jobs and had proven track records of success. The left trashes all three of them and marginalizes their accomplishments while uplifting the consummate empty suit - Barack Obama. Speeches does not make a great leader nor does being a community organizer. Obama fluffed his way to office on good looks, oratory and the appeal of a “historic moment”.

If I see tokenism I promise my fellow LGF’ers I will be the first to call it out.

I am not for afrimative action. It hurts everyone.

Your assessments seem spot on to me.

535 FloridaAnole  Mon, Mar 2, 2009 10:48:09am

re: #451 Nevergiveup

Well I don’t know about anyone else, but Obama is making dam sure I’ll never be able to retire.

I sure hope that won’t be the case. Though as things stand today, it looks like my monthly retirement will be about $400.00 a month, assuming a certain huge troubled national bank is still standing in the next few months and hasn’t been Franked and Obamaized out of existence.

536 Fat Bastard Vegetarian  Mon, Mar 2, 2009 10:48:21am

re: #526 Gus 802

Huh?

537 jaunte  Mon, Mar 2, 2009 10:48:27am

re: #525 Killgore Trout

Now we can start using “promiscuous teleology” as a critique in evolution threads.

538 jcm  Mon, Mar 2, 2009 10:48:37am

re: #522 kansas

6,806.54
-256.39 (-3.63%)
Real-time: 1:45PM EST

EJECT!
EJECT!
EJECT!

Pop, fizzzile……

Ding, ding, ding….

Voice of bitchin’ Betty…. “ejection systems have been disabled, cuts in spending and The One requires we all go down together.”

539 Nevergiveup  Mon, Mar 2, 2009 10:48:47am

re: #516 Afrocity

I wish Fox news would fire Kirsten

Maybe but I got a list a mile long before her name comes up….Geraldo, Shep, etc etc

540 VioletTiger  Mon, Mar 2, 2009 10:48:51am

re: #60 avanti

There is a lot of capital sitting it out, waiting to steal some stock and they’ll jump in before it drops to 6000 and they’ll make mad make money on the upside in a year or two.


avanti,
Why do you say steal? Do you think it is wrong to make money?

541 zombie  Mon, Mar 2, 2009 10:48:52am

I blame Al Gore. If he hadn’t invented the Internet, we wouldn’t have had the “Dot-Com Bubble,” and the stock market wouldn’t have gotten over-inflated and over-valued in the first place!

Basically, we’re reverting to pre-Dot-Com-Bubble stock-market levels. We’ll get down to, say, about 1995 levels. The things will settle down.

The last 14 years have been a fevered dream. We only just now are coming out of the coma.

542 jaunte  Mon, Mar 2, 2009 10:49:21am

re: #540 VioletTiger

‘Bargains bad.’

543 Kenneth  Mon, Mar 2, 2009 10:49:23am

re: #525 Killgore Trout

Humans evolution leads to creationism….
Humans may be primed to believe in creation


Kelemen has documented the same kind of erroneous thinking - called promiscuous teleology - in young children. Seven and eight-year olds agree with teleological statements such as “Rocks are jagged so animals can scratch themselves” and “Birds exist to make nice music”. These mistakes diminish as kids take more science classes and learn causal explanations for natural events.

“Wealthy people exist so that we can tax them” -BHO

544 Desert Dog  Mon, Mar 2, 2009 10:49:35am

re: #538 jcm

EJECT!
EJECT!
EJECT!

Pop, fizzzile……

Ding, ding, ding….

Voice of bitchin’ Betty…. “ejection systems have been disabled, cuts in spending and The One requires we all go down together.”

“Hey, why are we in this hand basket and where are we going?”

545 kansas  Mon, Mar 2, 2009 10:49:44am

re: #526 Gus 802

Approaching the 7900s.

?

546 Gus  Mon, Mar 2, 2009 10:49:50am

re: #533 vagabond trader

That land remains empty. Conservative judges voted aye on that one too.

*spit*

David Souter being the most notorious in that case. Or is that infamous.

George H.W. Bush appointee.

547 MacDuff  Mon, Mar 2, 2009 10:50:04am

re: #446 zombie

The fundamental problem is that the EU and the US are trying to blend capitalism and socialism into the same economic system. But that can never succeed.

In real capitalism, everybody works (because they have to work, or starve), and as a result tremendous wealth is generated, and overall everybody is comparatively rich.

In real socialism, almost nobody works (or works enthusiastically, or does something actually useful), because the welfare state gives the incentive to sit round on your ass all day drawing “the dole” — and those few who are working are not responding to market demands, but instead ill-thought-out government dictates. And as a result, everybody is equally poor.

But what we have in the EU and (increasingly) in the US is a Frankensteinian blend of the two. So what ends up happening is that half the people work like hell, and the other half are supported by the first half. So the real workers have to work twice as hard, but feel twice the resentment. And we’ve reached the breaking point where the whole teratological system can’t sustain itself anymore.

We here think the solution to “go the full capitalism.” Obama thinks the solution is to plunge headfirst into a socialist system.

Problem is, he’s in control. And we’re on the sidelines.

BINGO! WE HAVE A WINNUH!

548 realwest  Mon, Mar 2, 2009 10:50:09am

re: #468 FloridaAnole
You are absolutely correct about that. The Republican Party is NOT the Conservative Party - it tends to have a more Conservative Base than the Leftist Party does, but Rush isn’t popular with 25% of the Base, and is unpopular with 45% of Independents.
[Link: www.gallup.com…]
In point of fact Mr. Steele is correct; Rush is an entertainer and that’s all well and good (unless, as someone mentioned upthread, he is a creationist, because continually being tagged as the party of the Religious Right hurts Republicans in national and some Statewide elections). But Rush’s job is to make sure he has a big audience that appreciates him. And after reading his CPAC speech I applaud him mightily for that and hope he gains even more listeners. Mr. Steele’s job, unfortunately, is more difficult than coming up with witty or clever lines that a lot of folks will talk about around the office or at cocktail parties; Steele has to help the Republican Party WIN ELECTIONS. PERIOD.
I think that Steele walked into a trap with the Rush issue, but at least, from his perspective, answered it correctly: Rush is an entertainer and Steele’s job is to help the Republican Party win elections.

549 Erik The Red  Mon, Mar 2, 2009 10:50:09am

re: #509 Afrocity

I am beginning to see why we lost the last election.
Take that any way you want to.

Gonecamping has just said what most Republicans really want. Small government and low taxes.0

550 Shr_Nfr  Mon, Mar 2, 2009 10:50:11am

re: #446 zombie

Exactly. The total productivity of a country is its total output divided by its population. When you have people that choose not to work, they do not add to the numerator but add to the denominator. The productivity of the country declines. The standard of living in a country is more or less tied to its productivity. Government programs do not increase productivity. They remove money from one sector and give it to another. I am sure some bean counter someplace will say that building the bullet train to nowhere is an addition to GDP, but in the final analysis it isn’t. The money that was removed from people would have been spent in other places and had as large an impact.

551 pink freud  Mon, Mar 2, 2009 10:50:16am

re: #509 Afrocity

I am beginning to see why we lost the last election.
Take that any way you want to.

Quite frankly, the Republican Party is failing me, and has been doing so for some time now.
I want Fiscal Conservatism, not a bunch of pork.
I want secure borders, not a free ride for ILLEGAL ALIENS.
I want to be able to enjoy the fruits of MY hard work, not be egregiously taxed to give to lazy people with an entitlement mentality.
I want elected representatives to do as we desire instead of imposing thier view and agenda upon us.

Conservative values, all. Which ones do you disagree with?

552 Killgore Trout  Mon, Mar 2, 2009 10:50:22am

re: #543 Kenneth

ha!

553 FurryOldGuyJeans  Mon, Mar 2, 2009 10:50:25am

re: #533 vagabond trader

That land remains empty. Conservative judges voted aye on that one too.

*spit*

So after all the smoke and mirrors, fire and brimstone, the now empty land is generating no taxes. Simply Bizarro world.

554 jcm  Mon, Mar 2, 2009 10:50:34am

re: #533 vagabond trader

That land remains empty. Conservative judges voted aye on that one too.

*spit*

Life, (nationalized heath care).
Liberty, (socialized)
Property, (taken)

555 Gus  Mon, Mar 2, 2009 10:50:37am

re: #536 Fat Bastard Vegetarian

6700s

556 SummerSong  Mon, Mar 2, 2009 10:51:00am
557 zelnaga  Mon, Mar 2, 2009 10:51:16am

re: #186 pittrader1988

I am a trader. Not difficult to see what happened to this market. Take a look at the chart of the S+P. In October, Obama overtook McCain in the polls. Look at the market since then.

Not to steal the “thunder” from Obama or anything, but what about the September bankruptcy of Lehman Brothers?

558 Fat Bastard Vegetarian  Mon, Mar 2, 2009 10:51:38am

re: #555 Gus 802

Where your fingers are placed on the keyboard effects which keys you hit.

/:)

559 turn  Mon, Mar 2, 2009 10:52:12am

re: #516 Afrocity

I wish Fox news would fire Kirsten

Really? She impressed me as not being as far to the left as many other liberals. Plus she ain’t so bad to look at either :.)

560 gmsc  Mon, Mar 2, 2009 10:52:21am

re: #543 Kenneth

“Wealthy people exist so that we can tax them” -BHO

Thought for the day: If 0bama and Congress decided to raise the tax rate on people making $500,000/year or more to 100%, they’d only have another $1.3 trillion to work with.

561 kansas  Mon, Mar 2, 2009 10:52:31am

6,830.92
-232.01 (-3.28%)
Uptick. Quick. Get Obama or Geithner out there.

562 J.D.  Mon, Mar 2, 2009 10:52:43am

Bail-back

After all of the criticism for its sponsorship of a PGA event, Northern Trust decides that government control over its operations is too great a price to pay for the money involved. They want to pay the government back. From Crain’s, on the bank’s decision to un-bail itself out:
One big shareholder was supportive, saying the bank is right to exit the federal program if it means no more second-guessing of actions meant to generate business.



Hear! Hear!

563 Peacekeeper  Mon, Mar 2, 2009 10:52:46am

re: #525 Killgore Trout

Ganesh will trample you.

564 Fat Bastard Vegetarian  Mon, Mar 2, 2009 10:52:49am

Honestly, whoever got elected was going to have this storm. I just would prefer a steadier hand at the helm.

565 [deleted]  Mon, Mar 2, 2009 10:53:00am
566 avanti  Mon, Mar 2, 2009 10:53:00am

re: #470 nyc redneck

why are you attacking rush so much.

if you really thought he was going to be detriment to us,
you would remain silent.

lol, thanks for your “concern”

Good point, if I was comfortable with only having one choice. If you think Rush should be the voice of the GOP, it is certainly your choice to guide the party. If the dislike of Rush by the middle and the left makes him a better choice for you, again, none of my business.

567 gmsc  Mon, Mar 2, 2009 10:53:02am

re: #538 jcm

EJECT!
EJECT!
EJECT!

Pop, fizzzile……

Ding, ding, ding….

Voice of bitchin’ Betty…. “ejection systems have been disabled, cuts in spending and The One requires we all go down together.”

EJECT! EJECT! EJECT! - always good advice!

568 turn  Mon, Mar 2, 2009 10:53:27am

re: #529 abaleh

Since the World’s population is projected to peak at ~9 billion and then decline, it doesn’t really matter. The question is if we can sustain the same level of production with the working age population in decline.
Technological advances should be focused on production enhancement (robotics, AI), or else there will be a need for workers from the developing world.

MNT will do this BIGTIME.

569 vagabond trader  Mon, Mar 2, 2009 10:53:28am

re: #553 FurryOldGuyJeans

Not even an old house for squatters to use.

570 Afrocity  Mon, Mar 2, 2009 10:53:40am

re: #551 pink freud

Conservative values, all. Which ones do you disagree with?

None of them but all this bickering amongst yourselves is counter productive and makes me think that Obama is going to repeat his victory in 2012.

571 Gus  Mon, Mar 2, 2009 10:54:01am

re: #558 Fat Bastard Vegetarian

Where your fingers are placed on the keyboard effects which keys you hit.

/:)

Yeah, it’s upside down and backwards. No wait that’s my synapses.

///

572 OldLineTexan  Mon, Mar 2, 2009 10:54:25am

re: #552 Killgore Trout

ha!

So does Obama use the royal “We”, or “I” more?

573 yesandno  Mon, Mar 2, 2009 10:54:51am

re: #355 avanti

How do you intend to do that with a polarizing figure like Rush. Steele has some appeal to expand the base, Rush is the poster boy for a negative view of the right by those outside the base, and some inside.

Rush doesn’t care what party you are from…he wants all conservatives to be conservative…

Michael Steele wants the conservatives to be Republicans…that is the job he has…but not necessarily require every Repbulican to be conservative. This is the problem.

Rush’s base is conservative, not necessarily Republican. It used to be that Republicans=Conservatives. Not any more.

574 FurryOldGuyJeans  Mon, Mar 2, 2009 10:54:52am

re: #560 gmsc

Thought for the day: If 0bama and Congress decided to raise the tax rate on people making $500,000/year or more to 100%, they’d only have another $1.3 trillion to work with.

That assumes that they will get every penny they can shake out of the “rich”. Historically when tax burdens go up so does wealth hiding.

575 Kenneth  Mon, Mar 2, 2009 10:54:59am

re: #550 Shr_Nfr

Building new railroads might increase productivity, if the new trains were going to move people & goods in ways that help add to wealth creation. The California train boondoggle is designed to facilitate gambling and whoring, neither of which are wealth creating industries.

576 Afrocity  Mon, Mar 2, 2009 10:55:30am

re: #559 turn

Really? She impressed me as not being as far to the left as many other liberals. Plus she ain’t so bad to look at either :.)

She is NOT the best looking woman on Fox by a long shot. I think Meghan Kelly is but to each his own. ;-)

577 Desert Dog  Mon, Mar 2, 2009 10:56:02am

re: #564 Fat Bastard Vegetarian

Honestly, whoever got elected was going to have this storm. I just would prefer a steadier hand at the helm.

You can certainly place much of the blame on this economy on things out of Obama’s control. He’s only been President for a few months. BUT, he has hardly inspired anyone, especially Wall Street. Doom, Gloom, Taxes and Spending….that is the message the markets are hearing. I submit that his actions before the election, right after the election and certainly since he has been in office have had a negative effect on the Stock Markets and the general mood of the country too. When is the “Misery Index” making a comeback?

578 yma o hyd  Mon, Mar 2, 2009 10:56:06am

re: #527 Kenneth

China needs the US to buy her manufactured goods. There is no where near enough domestic demand in China to replace the US market. The US needs China to buy treasury bonds and thereby finance the deficit. It’s a marriage made at the bank.

Russia, meanwhile will create havoc, as they will benefit from a rise in energy prices.

Thing is, how will China sell its goods when the US is getting into a depression, and not buying?
That seems to be the reason why Latvia’s government resigned, and why their economy collapsed: they were exporting stuff which now, in this global crisis, are no longer being bought.
Thats one reason, I think, why Germany will be in deep trouble. Their economy relies on export - what happens when nobody can afford to buy?
Our manufacturing sector in the UK has already shrunk by 5%.

Its no longer just about banks and the stock market - its about the stuff people make and need to sell. If there is not enough money around, people cannot afford to buy. Result - depression, economic collapse all round.

Scary times.

579 turn  Mon, Mar 2, 2009 10:56:10am

re: #524 So?

The font was too small, couldn’t read it. Kidding.

Check out some of the articles there. Much more at the Foresight Institute.

580 Conservative in Liberal Hands  Mon, Mar 2, 2009 10:56:14am

re: #383 zombie

Zom - I must disagree… it should have been the “Oy Yo Watch”

581 realwest  Mon, Mar 2, 2009 10:56:19am

Well I’m outta here for lunch and all that. I hope you all have a great day and that I get the chance to see you all down the road.

582 Kenneth  Mon, Mar 2, 2009 10:56:30am

re: #560 gmsc

Less than that, as these people would either earn less or at least hide what money they do make to avoid taxes. There is a law of diminishing returns.

583 avanti  Mon, Mar 2, 2009 10:56:45am

re: #540 VioletTiger

avanti,
Why do you say steal? Do you think it is wrong to make money?

Know, just a carry over term from my car collecting business. i.e.. “I stole the car” means bought it under market. “Greed is good”

584 jcm  Mon, Mar 2, 2009 10:56:51am

re: #560 gmsc

Thought for the day: If 0bama and Congress decided to raise the tax rate on people making $500,000/year or more to 100%, they’d only have another $1.3 trillion to work with.

Tax data for ‘06

Top 1% $388,806 39.89%
Top 5% $153,542 60.14%
Top 10% $108,904 70.79%
Top 25% $64,702 86.27%
Top 50% $31,987 97.01%
Bottom 50%

585 DaddyG  Mon, Mar 2, 2009 10:57:04am

re: #406 Fat Bastard Vegetarian

Tofu for me. If they can make it General Tso’s, that’d be great.

General Tso’s Tofu gives me the Tshitxus.

586 subsailor68  Mon, Mar 2, 2009 10:57:46am

A little pet peeve. The use of terminology to mean exactly the opposite.

For example, the Earned Income Tax Credit uses the word “earned”, but usually has little to do with that.

On the other hand, Unearned Income (things like return on investments) is actually not “unearned”, since we invested money we’ve saved to help build businesses.

And don’t get me started on the “Employee Free Choice Act” b.s.

(You know, the one that should be called “Card Check”, or “If You Don’t Show Me Who You Voted For I’ll Kick Your Ass Act.)

587 jcm  Mon, Mar 2, 2009 10:57:46am

re: #567 gmsc

EJECT! EJECT! EJECT! - always good advice!

Bill hasn’t posted for awhile, he’s had some good stuff over at NRO recently.

588 abaleh  Mon, Mar 2, 2009 10:57:49am

re: #568 turn

MNT will do this BIGTIME.

MNT would be great. Just need to figure out how to make it work.
I read a book once on MNT, blew my mind away.

589 MacDuff  Mon, Mar 2, 2009 10:58:01am

re: #564 Fat Bastard Vegetarian

Honestly, whoever got elected was going to have this storm. I just would prefer a steadier hand at the helm.

And I think a steadier had may have, at least mitigated some of the market losses out of a sense of confidence. The market seems confident of only one thing; that it’s going to get worse.

590 Erik The Red  Mon, Mar 2, 2009 10:58:12am

re: #518 avanti

How about him opposing the ruling by the liberal judges in the Dover case.

link

Question your source. Rush said this:
“You got to understand who we’re dealing with here, and they have now structured things such as this: When 95 percent of the people of the country agree with something, 5 percent of the country disagrees, the liberal will say the 5 percent must win because we can’t hurt their feelings, we mustn’t offend them.”

Limbaugh continued, “On the other hand, I do think this: I think that the people – and I know why they’re doing it, but I still think that it’s a little bit disingenuous. Let’s make no mistake. The people pushing intelligent design believe in the biblical version of creation. Intelligent design is a way, I think, to sneak it into the curriculum and make it less offensive to the liberals because it ostensibly does not involve religious overtones, that there is just some intelligent being far greater than anything any of us can even imagine that’s responsible for all this, and of course I don’t have any doubt of that. But I think that they’re sort of pussyfooting around when they call it intelligent design.

I still don’t see him supporting ID.

Try again

591 abaleh  Mon, Mar 2, 2009 10:58:39am

re: #588 abaleh

MNT would be great. Just need to figure out how to make it work.
I read a book once on MNT, blew my mind away.

Actually it already works - Life is MNT.

592 gmsc  Mon, Mar 2, 2009 10:58:39am

The markets just jumped up a few points. Did 0bama just finish speaking?
;)

593 IslandLibertarian  Mon, Mar 2, 2009 10:58:45am

Dow -213.93……………

next : the show trials

/it’s a perfect diversion

594 itellu3times  Mon, Mar 2, 2009 10:58:58am

Folks, Dow 6000 has been in the cards since oil went about $100/barrel. Only “irrational exuberance” of people spending the increase in their home prices, prevented it. Well, that stopped, didn’t it? And more. MUCH more. But just to make it more fun, the price of oil fell, too. So there are these big, honking impacts working themselves through the market right now. I think Dow 6600 is about right for the bottom, maybe a little extra excursion down to 6000, maybe 5800, anything below that will be well and truly nuts. If the government doesn’t make things horribly worse by “helping”, I think things hold together and recover within a year or so. With the government helping, who knows.

IOW, this is all well and good. Markets fluctuate, that’s what they do, that’s what they’re for. Enjoy the ride.

595 VioletTiger  Mon, Mar 2, 2009 10:59:21am

re: #583 avanti

Know, just a carry over term from my car collecting business. i.e.. “I stole the car” means bought it under market. “Greed is good”

Okay, didn’t mean to imply anything about greed, but wanted to understand your view of the market.

596 lawhawk  Mon, Mar 2, 2009 10:59:38am

Well, as the markets go down, snowfall totals are rising all over the NYC metro region.

The markets don’t like what they’re seeing from Congress and the President. Who can blame them. Then again, many of these same market bigwigs - the company execs and bigwigs were bigtime Obama supporters and were pushing for hope and change.

They’re getting change alright - pennies on the dollar at the moment - because Obama doesn’t have any quick answer. In fact, he doesn’t have much in the way of answers at all.

One thing I found extremely disturbing was that during the coverage of the Obama speech last week was that CNN actually ran a countdown clock until his speech (T-5 hours, T-3 hours and on), as though we had to wait with baited breath until he spoke something that would save us? Really? CNN and other networks never did this for any other President. They continue pandering to Obama and acting as his spokes-lackeys and aren’t the slightest bit critical of a thing he says.

The man doesn’t have answers. He has multiyear plans. He has ideas to tax and spend his way out of this mess, and the same folks who are being taxed hardest now will be taxed even harder - at all levels of government. It creates a feedback loop of more recessionary pressure because these people will continue to curtail spending to pay for taxes that they would otherwise not have had to pay if Obama left things well enough alone.

Which we knew he would never do. He wanted to put his stamp on things - and he’s certainly doing it. The markets are tanking like they haven’t in decades, and instead of providing reassurance and calming the markets, he keeps riling things up and sending the markets south.

597 Salem  Mon, Mar 2, 2009 10:59:40am

re: #541 zombie

I remember when I gave up cautioning people that the internet wasn’t real life.

598 Jack Burton  Mon, Mar 2, 2009 10:59:49am

re: #590 Erik The Red

I guess you missed all the times he pimped Ben Stein’s movie on his show.

599 Kenneth  Mon, Mar 2, 2009 11:00:06am

re: #578 yma o hyd

Exactly. Both China & the US will suffer in this crisis, but they will do worse if they break up the relationship. Germany is in a really bad situation. Twice in the last century Germany & eastern Europe suffered economic collapse & both times it led to war.

600 turn  Mon, Mar 2, 2009 11:00:46am

re: #588 abaleh

MNT would be great. Just need to figure out how to make it work.
I read a book once on MNT, blew my mind away.

Read Drexlers pioneering work “Engines of Creation” and “Unbounding the Future” available free on line.

[Link: en.wikipedia.org…]

601 Shr_Nfr  Mon, Mar 2, 2009 11:00:58am

re: #575 Kenneth

Productivity will be increased when the money is spent more wisely by the government than by the taxpayers. I have not seen that happen since the GI bill.

602 OldLineTexan  Mon, Mar 2, 2009 11:01:08am

re: #594 itellu3times

Folks, Dow 6000 has been in the cards since oil went about $100/barrel. Only “irrational exuberance” of people spending the increase in their home prices, prevented it. Well, that stopped, didn’t it? And more. MUCH more. But just to make it more fun, the price of oil fell, too. So there are these big, honking impacts working themselves through the market right now. I think Dow 6600 is about right for the bottom, maybe a little extra excursion down to 6000, maybe 5800, anything below that will be well and truly nuts. If the government doesn’t make things horribly worse by “helping”, I think things hold together and recover within a year or so. With the government helping, who knows.

IOW, this is all well and good. Markets fluctuate, that’s what they do, that’s what they’re for. Enjoy the ride.


Very large “IF”, I fear.

603 lawhawk  Mon, Mar 2, 2009 11:01:11am

re: #575 Kenneth

Building new railroads might increase productivity, if the new trains were going to move people & goods in ways that help add to wealth creation. The California train boondoggle is designed to facilitate gambling and whoring, neither of which are wealth creating industries.

And where exactly would those trains go? No one wants ‘em in their backyards. NIMBY and environmentalists oppose new transit corridors, etc.

604 gmsc  Mon, Mar 2, 2009 11:01:18am

The market is headed down today, so it must the “failed Bush policies of the past 8 years”. 0bama only has any influence on the market when it goes up, as I understand it.


///////////////


The politics of failure have failed! We need to make them work again!
-Kodos

605 Erik The Red  Mon, Mar 2, 2009 11:01:23am

re: #567 gmsc

EJECT! EJECT! EJECT! - always good advice!

Nothing new for sometime. Pity I really like BW. I see him sometimes on Rachel Lucas’s site. Does he comment here?

606 turn  Mon, Mar 2, 2009 11:02:21am

re: #591 abaleh

Actually it already works - Life is MNT.

Yes, yes.

607 gmsc  Mon, Mar 2, 2009 11:02:37am

re: #594 itellu3times

Folks, Dow 6000 has been in the cards since oil went about $100/barrel. Only “irrational exuberance” of people spending the increase in their home prices, prevented it. Well, that stopped, didn’t it? And more. MUCH more. But just to make it more fun, the price of oil fell, too. So there are these big, honking impacts working themselves through the market right now. I think Dow 6600 is about right for the bottom, maybe a little extra excursion down to 6000, maybe 5800, anything below that will be well and truly nuts. If the government doesn’t make things horribly worse by “helping”, I think things hold together and recover within a year or so. With the government helping, who knows.

IOW, this is all well and good. Markets fluctuate, that’s what they do, that’s what they’re for. Enjoy the ride.

China’s asking, “Why is the United States market so bad right now?”

We reply, “Fluctuations!”

They reply, “Oh, yeah? Well, fluc you white people, too!”
;)

608 aggieann  Mon, Mar 2, 2009 11:02:41am

re: #560 gmsc

Thought for the day: If 0bama and Congress decided to raise the tax rate on people making $500,000/year or more to 100%, they’d only have another $1.3 trillion to work with.

Thought for tomorrow: If 0bama and Congress decided to raise the tax rate on people making $500,000/year or more to 100%, then a whole lot of people will figure out how to report $499,999 on their taxes.

609 Kenneth  Mon, Mar 2, 2009 11:02:57am

re: #586 subsailor68

And don’t get me started on the “Employee Free Choice Act” b.s.

(You know, the one that should be called “Card Check”, or “If You Don’t Show Me Who You Voted For I’ll Kick Your Ass Act.)

The Union Extortion Act…, the Goon Assistance Act…

610 J.D.  Mon, Mar 2, 2009 11:03:32am

re: #603 lawhawk

And where exactly would those trains go? No one wants ‘em in their backyards. NIMBY and environmentalists oppose new transit corridors, etc.

Wouldn’t it be a strange coincidence if Harry Reid had the perfect property in Nevada to sell “them” for this train?

611 abaleh  Mon, Mar 2, 2009 11:03:36am

re: #600 turn

Read Drexlers pioneering work “Engines of Creation” and “Unbounding the Future” available free on line.

[Link: en.wikipedia.org…]

Engines of Creation was the one I read if I recall correctly.

612 formercorpsman  Mon, Mar 2, 2009 11:03:41am

re: #446 zombie

Yes. Sad to think the world has forgotten already, Soviet Border guards with orders to shoot anyone trying to jump the Berlin Wall.

613 bolivar  Mon, Mar 2, 2009 11:04:27am

re: #605 Erik The Red

Nothing new for sometime. Pity I really like BW. I see him sometimes on Rachel Lucas’s site. Does he comment here?

Bill is heavily into PJTV and is on there regularly. I like Bill a lot, he is one of the few bloggers that has ever answered an email personally. The only other one was Michelle Malkin. I respect both for different reasons.

614 avanti  Mon, Mar 2, 2009 11:04:30am

re: #590 Erik The Red

Question your source. Rush said this:
“You got to understand who we’re dealing with here, and they have now structured things such as this: When 95 percent of the people of the country agree with something, 5 percent of the country disagrees, the liberal will say the 5 percent must win because we can’t hurt their feelings, we mustn’t offend them.”

You forgot the money quote:

“Answering a caller who asked his opinion of the recent high-profile federal court decision against intelligent design in the Dover, Pa., school district, Rush answered he wasn’t surprised, given the context of judicial activism.

“I think it’s another great example of how we need different kinds of judges,” he said. “


Since the ruling was against the ID’ers, how do you spin the

“I think it’s another great example of how we need different kinds of judges”

To a dumb leftist, I get, we need different judges so this time kind of case is won by the ID.ers.

615 Shr_Nfr  Mon, Mar 2, 2009 11:05:48am

re: #599 Kenneth

The problem is that when people feel powerless and they are in a bad situation, they begin to displace their anger away from the people ruling them toward some other population. Germany in the 30s and Gaza today are prime examples. I do not think it is the question of if we have a war, but a question of where it is going to be at this point. We would be wise to retain the ability to construct vehicles in this country independent of any other country. We may need it to make the newest and latest for use by our military. Just my opinion, but that is my read of history.

616 Fighton03  Mon, Mar 2, 2009 11:06:22am

The President In Training takes his hopey-changey global over the weekend, and markets open lower. Then AIG continues to suck at the Gov’t tit and they freefall because there is NO confidence that the fed’s can stop the pipe line of good money after bad.

When will headlines start noticing the link? (rhetorical question….we all know the answer….)

The only ones getting railroaded here are common American’s who tried to save on their own. Conspiracy theory for ya here……Is it a concerted plan to destroy the independent wealth and retirement planning of this nation and force more people onto the dole?

617 [deleted]  Mon, Mar 2, 2009 11:06:33am
618 Erik The Red  Mon, Mar 2, 2009 11:06:48am

re: #598 ArchangelMichael

I guess you missed all the times he pimped Ben Stein’s movie on his show.

I may have. I am in Africa and don’t listen everyday. I was asking for proof that he supports ID. If he does I am done with him. Simple. Another good Conservative down the ID funnel.

619 yma o hyd  Mon, Mar 2, 2009 11:06:52am

re: #599 Kenneth

Exactly. Both China & the US will suffer in this crisis, but they will do worse if they break up the relationship. Germany is in a really bad situation. Twice in the last century Germany & eastern Europe suffered economic collapse & both times it led to war.

True - but this time round I hope it’ll be just a war of words.
I’m more concerned about some horrid stuff happening in the ME, which may well happen, seeing that everybody is taking their eyes off the ball during this economic crisis.

Can’r remember where I read this, but after Sarajewo, when thigns were escalating in eastern Europe, Great Britain was actually much more concerned with the unrest in ireland and questions of Irish Home Rule than with anything happening in Europe.
If Earl Grey hadn’t taken his eyes off the ball then - who knows …

620 Rancher  Mon, Mar 2, 2009 11:10:14am

Don’t expect the DOW to recover anytime soon. One way Obama plans to take advantage of the Franks and Dodd sponsored crises is to use the budget reconciliation process to by-pass filibusters.

Obama Floats Controversial Procedural Move

As OMB director Peter Orszag said “We have to keep everything on the table. We want to get these…. important things done this year.” The NY Times agrees. Remember when the GOP was too nice to use the “nuclear option” to get rid of Democratic obstruction on Bush appointed Judges? Well look for this congress to do anything and every thing necessary to pass their socialist agenda. Look for the DOW to fall further and further as this crap is passed and look for Obama to push more and more crap to fight the “crises” that they are making worse. Talk about a vicious circle. David Kahane brags at NRO about how the leftist media set the narrative for Obama to win and for the new narrative “capitalism = bad, socialism = good”. As he says in the article “You should have nuked us when you had the chance.” If the GOP ever gets control of any bit of the government back we better grow a pair.

621 Ceemack  Mon, Mar 2, 2009 11:11:26am
The Great Depression was a delayed reflection of market uncertainty by several years.


No, the Great Depression was the result of succeeding administrations reacting stupidly to a downturn in the stock market.

Hoover got the ball rolling with tax increases and deflation. Congress chipped in with the Smoot-Hawley tariff act that set off a global trade war.

Roosevelt kept the ball rolling with the National Recovery Act, which hamstrung business at all levels. Many of his public-works projects, like the TVA, drove private enterprises out of business. The borrowing to fund his public-works projects took needed capital out of the private markets. He was also constantly tampering with the price of gold.

The Crash of ‘29 didn’t cause the Great Depression, even on a delayed basis. The Federal government did.

622 itellu3times  Mon, Mar 2, 2009 11:12:32am

re: #617 buzzsawmonkey

I agree that Obama is running things. That doesn’t mean he’s in control.

In fact, from where I sit that looks increasingly dubious.

The democrats have their majorities in both houses of Congress, and only a few seats, and the weak threat of a filibuster, puts any restraints on them at all.

So what we have is a complete novice, Obama, and the craziest bunch of libtards in American history in the Congress, and the MSM gone so far to the left they can’t even see the middle anymore, COMPETING with each other to see who can be the craziest. It’s rather like the dynamic of Islam, in which the craziest elements of society rule, rather than the wisest, or any kind of consensus.

It’s bad.

623 [deleted]  Mon, Mar 2, 2009 11:13:02am
624 itellu3times  Mon, Mar 2, 2009 11:14:53am

re: #623 sloggin420

Is it time for the military stage a coup to take control yet? Isn’t that how it is supposed to work in a banana republic?

Not yet, long way from that yet.

625 Erik The Red  Mon, Mar 2, 2009 11:15:32am

re: #620 Rancher

Long time Rancher. How is prison treating you. Rustler is busy on the LNDT. You have been scarce. Or I just keep missing you.

626 avanti  Mon, Mar 2, 2009 11:16:48am

re: #623 sloggin420

Is it time for the military stage a coup to take control yet? Isn’t that how it is supposed to work in a banana republic?

Wow, you just out Kos’ed the Kosack’s with that one.

627 Silvergirl  Mon, Mar 2, 2009 11:17:40am

If the ABC News article has it right, we get to pay about $1400 each for AIG.

“The government’s newly overhauled rescue package for AIG is $162.5 billion, according to government officials. Divide that by 111,609,629 — the total number of U.S. households, according to the U.S. Census’ 2005-2007 American Community Survey — and the result is $1,455.97. That’s nearly double the maximum tax benefit U.S. couples will receive under the federal stimulus package approved last month.”



Feeling Cheated?

628 [deleted]  Mon, Mar 2, 2009 11:17:59am
629 [deleted]  Mon, Mar 2, 2009 11:18:37am
630 Guanxi88  Mon, Mar 2, 2009 11:21:05am

Markets are in a funk because of overall uncertainty about what’s next for the US economy. At the highest levels, leadership runs around yapping about “crisis” every chance they get, and make radical and costly interventions into the market when they aren’t proposing yet more radical and more costly interventions for the future.

So who’s surprised that the markets are doing what they’re doing? It’s not full-scale panic yet, but it has that feeling.

631 [deleted]  Mon, Mar 2, 2009 11:24:25am
632 gymmom  Mon, Mar 2, 2009 11:28:40am

re: #436 avanti

When the right does the same with the religious right and gives the voter a choice not tied to a theocracy.

W was a deeply religious man. What exactly did he do in this country to make it a theocracy? And don’t list faith based social programs. I know Catholic Charities (and others) provide help to anyone who needs it, without trying to convert them.

633 Honorary Yooper  Mon, Mar 2, 2009 11:29:12am

re: #623 sloggin420

Nice knowin’ ya.
Buh-bye.

634 debutaunt  Mon, Mar 2, 2009 11:30:05am

re: #316 nyc redneck

he can’t do anything w/out the prompter.
that says a lot abt. him.

That isn’t my definition of being articulate.

635 Kenneth  Mon, Mar 2, 2009 11:33:02am

re: #615 Shr_Nfr

In his book, The War of the World Niall Ferguson argues that the terrible wars of the 20th century happened during times of economic uncertainty, in zones of conflict where ethnic populations were greatly mixed and where empires felt threatened. For the First & Second World Wars, that meant the Eastern Europe & Manchuria were the fault lines where the wars started. Both those zones are at risk today - Eastern European economies are in a free fall, drawing in central European powers and a resurgent Russia. The Korean peninsula could play the part of Manchuria. Parts of the Middle East fit the bill too (ie Iraq, Iran & Israel).

636 avanti  Mon, Mar 2, 2009 11:35:47am

re: #632 gymmom

W was a deeply religious man. What exactly did he do in this country to make it a theocracy? And don’t list faith based social programs. I know Catholic Charities (and others) provide help to anyone who needs it, without trying to convert them.

We never made it to a theocracy, but the GOP’s platform has religious components with support for constitutional amendments dealing with abortion, and gay marriage. That and the whole push to bring religion into the public square. I.D. school prayer and the rest.

637 MrSoCal  Mon, Mar 2, 2009 11:40:08am

Lowest level since 4/28/1997 (almost 12 years). So basically, you could have gone on vacation for all this time. Dear President Obama: Please pay my bills while I am on vacation. You may call it a stimulus if that means it passes the house vote.

638 Muadib  Mon, Mar 2, 2009 11:42:44am

re: #446 zombie

Well said.

639 Unakite  Mon, Mar 2, 2009 11:42:48am

re: #291 lawhawk

Usually it’s the lesser of two evils. This time around, it was the evil of two lessers. The markets are down and will continue to go down as they digest what this Administration is going to do to small businesses and they were talking about this at the airport yesterday - that the health insurance provisions are going to kill small business and do the opposite of what was “intended” which means that the Democrats are going to foist still more government health care on people - and limit actual choice and private health care coverage will slowly disappear.

In other words, they are going to do exactly what is “intended”

640 Rancher  Mon, Mar 2, 2009 11:43:16am

re: #625 Erik The Red
As you can tell by my scarce posting the Prison is keeping me very busy. Thanks for asking Red, hows life treating you?

641 gymmom  Mon, Mar 2, 2009 11:47:52am

re: #636 avanti

Abortion is not a religious issue, it’s a moral one. And allowing children to pray in school is VERY different from compelling them to pray. Allowing expressions of religion of the majority of Americans is not pushing toward a theocracy. We’ve been having public displays for quite a few years (centuries) and there are still more atheists than there were.

642 stevieray  Mon, Mar 2, 2009 11:49:03am

re: #635 Kenneth

Unfortunately, so does much of the American Southwest.

643 avanti  Mon, Mar 2, 2009 11:53:21am

re: #641 gymmom

Abortion is not a religious issue, it’s a moral one. And allowing children to pray in school is VERY different from compelling them to pray. Allowing expressions of religion of the majority of Americans is not pushing toward a theocracy. We’ve been having public displays for quite a few years (centuries) and there are still more atheists than there were.

There is no law prohibiting children from praying in school. a lot of silent prayers go up every time there is a test. Being led in prayer is a different issue, just as government sponsored endorsement of one faith. Abortion is a moral issue, but the pro life movement is driven largely by the church.

644 [deleted]  Mon, Mar 2, 2009 11:57:47am
645 who is john galt  Mon, Mar 2, 2009 12:01:40pm

re: #33 MandyManners

I HOPE EVERYONE WHO REFUSED TO VOTE FOR MCCAIN BECAUSE HE WASN’T CONSERVATIVE ENOUGH IS FUCKING HAPPY NOW!

I say this to all the pouty little fools that I know who wouldn’t vote McCain.
He would, atleast, have created a slower swing toward social welfare stat-ism

646 Kenneth  Mon, Mar 2, 2009 12:10:55pm

re: #642 stevieray

You have a point there and not a happy one.

647 looking closely  Mon, Mar 2, 2009 12:16:38pm

Ammunition is actually a fairly good investment, if you’ve got the space and temperament for it.

Ammo has been appreciating at 15% per year for the last several years, and it seems unlikely to depreciate any time soon. As a “hard” asset, its also inflation resistant.

Shelf life is effectively unlimited so long as its stored in a cool dry place.

648 [deleted]  Mon, Mar 2, 2009 12:18:08pm
649 looking closely  Mon, Mar 2, 2009 12:30:52pm

re: #560 gmsc

Thought for the day: If 0bama and Congress decided to raise the tax rate on people making $500,000/year or more to 100%, they’d only have another $1.3 trillion to work with.

No they wouldn’t.

Maybe the FIRST year they’d have a small fraction of that.

The next year they’d have next to zero because none of the ones making $500k per year would continue to do so knowing all their wealth would be confiscated.

Instead the top earners would all move offshore, stop earning, or cook the books simply lying to the gov’t about income.

650 kansas  Mon, Mar 2, 2009 12:46:06pm

6,781.85
-281.08 (-3.98%)
Obama be partying at the White House tonight. Conga line, cavier, Air Force One.

651 kansas  Mon, Mar 2, 2009 12:46:24pm

Caviar.

652 Killian Bundy  Mon, Mar 2, 2009 12:47:41pm
Down we go again

/could someone please cut up Obama’s credit cards!

653 aboo-Hoo-Hoo  Mon, Mar 2, 2009 12:49:42pm

-297 tic, tic, tic

654 Killian Bundy  Mon, Mar 2, 2009 12:54:32pm

Gee, a concrete plan to stabilize the banks, as was promised weeks ago, would be nice. The markets would like that.

/these people have little idea what the hell they’re doing

655 aboo-Hoo-Hoo  Mon, Mar 2, 2009 12:57:58pm

re: #654 Killian Bundy

Gee, a concrete plan to stabilize the banks, as was promised weeks ago, would be nice. The markets would like that.

/these people have little idea what the hell they’re doing

Killian…no idea what they’re doing and don’t think people aren’t going to be or get mad(der).

656 Fighton03  Mon, Mar 2, 2009 1:00:39pm

This is officially the Obama Crash. the market has dropped consistently since he locked up the donkey nomination in May. The market’s were able to hold the line for a while when McCain and the Pubs were making good points in Aug, but when the cards finally fell and the MSM went all out Obama, the market died. We have lost almost 50% since that time. Yes there are a lot of factors involved, but the common theme is the absolute inadequacy of team savior to have an effective vision for stabilizing investors and businesses uncertainty about the the fed role in the business landscape.

657 kansas  Mon, Mar 2, 2009 1:03:07pm

6,762.90
-300.03 (-4.25%)

658 Killian Bundy  Mon, Mar 2, 2009 1:04:30pm

Well, if there’s any consolation, the markets are ridiculously oversold.

/too many companies are trading near or below their breakup values

659 Eclectic Infidel  Mon, Mar 2, 2009 1:04:44pm

I’ve just become a victim of stealth layoffs for a very large financial institution. F*ck.

660 aboo-Hoo-Hoo  Mon, Mar 2, 2009 1:05:42pm

-299.87 or -4.2% on the day.

Quite some stimulus they came up with - in fast backasswards reverse.

661 aboo-Hoo-Hoo  Mon, Mar 2, 2009 1:06:51pm

re: #659 eclectic infidel

I’ve just become a victim of stealth layoffs for a very large financial institution. F*ck.

Sorry to hear that.

662 Fighton03  Mon, Mar 2, 2009 1:11:27pm

re: #658 Killian Bundy

Do you mean they are trading at book/asset value or do you mean orderly resale?

663 Fighton03  Mon, Mar 2, 2009 1:12:12pm

re: #659 eclectic infidel

I’ve just become a victim of stealth layoffs for a very large financial institution. F*ck.

I’ll keep my fingers crossed for you. It’s going to be a rough ride for a while.

664 Killian Bundy  Mon, Mar 2, 2009 1:15:03pm

Book/asset value, there’s absolutely no reason many of these companies should be trading near or below it, they have solid balance sheets and ongoing operations.

/it’s hysterical craziness

665 Killian Bundy  Mon, Mar 2, 2009 1:19:50pm

re: #664 Killian Bundy

Book/asset value, there’s absolutely no reason many of these companies should be trading near or below it, they have solid balance sheets and ongoing operations.

/it’s hysterical craziness

/that should have been re: #662 Fighton03

666 Fighton03  Mon, Mar 2, 2009 1:24:35pm

re: #664 Killian Bundy

Book/asset value, there’s absolutely no reason many of these companies should be trading near or below it, they have solid balance sheets and ongoing operations.

/it’s hysterical craziness

That indicates to me that investors are uncertain enough about the future to not recognize which of those “ongoing operations” will have good chances of continuing in the future business landscape. Those businesses would continue to fall until the companies start getting close to an orderly resale value (book value less the costs of actually breaking out the assets), but then there would still have to be a customer for those assets. No customer…no value, end of story. It has no impact on the real operation of the business unless that company tries to raise capital through equity financing, but it really makes the employees and owners feel depressed to see their wealth vanishing.

667 Fighton03  Mon, Mar 2, 2009 1:28:12pm

hmmmmm….so was my previous post truly the spawn of Satan?

668 Silvergirl  Mon, Mar 2, 2009 2:33:40pm

re: #667 Fighton03

hmmmmm….so was my previous post truly the spawn of Satan?

Yikes, I guess it was. You better put that angel/fairy in your yard to ward off the evil.

669 pittrader1988  Mon, Mar 2, 2009 3:30:31pm

re: #656 Fighton03

Actually, the market went into free fall when he passed McCain in the polls for good in October. Of course, they will blame all that on Bush.

However, this budget spooked everyone. Obama is in the batters box now. Two out in the first inning. No one on base.

670 Silvergirl  Mon, Mar 2, 2009 3:35:42pm

re: #669 pittrader1988

Actually, the market went into free fall when he passed McCain in the polls for good in October. Of course, they will blame all that on Bush.

However, this budget spooked everyone. Obama is in the batters box now. Two out in the first inning. No one on base.

He inherited the ball from the last batter. Isn’t that how the game is played?/

671 countrygurl  Mon, Mar 2, 2009 4:32:04pm

re: #33 MandyManners

I liked your quote so much, Ms. Manners, I snagged it for my facebook “status update.” You summed up my feelings exactly, and in so few words.

672 Fighton03  Mon, Mar 2, 2009 5:43:50pm

re: #669 pittrader1988

Actually, the market went into free fall when he passed McCain in the polls for good in October. Of course, they will blame all that on Bush.

However, this budget spooked everyone. Obama is in the batters box now. Two out in the first inning. No one on base.

The general decline began in May….plateaued leading into the conventions, and then tanked when the MSM went into full Palin convulsions. The 9/18 conspiracy theory is another blip, but it doesn’t change the fact that as the O’s presidency became more of a certainty, the markets fell more and more.

673 SunshineGirl  Mon, Mar 2, 2009 6:48:52pm

anyone betting on when the Dow will hit 5000? with these drops of 200+ points per day, it won’t be long! If this president was a physician, and the economy was a patient, the family would be planning a funeral, and contacting a lawyer to sue for malpractice and negligence.

674 pittrader1988  Mon, Mar 2, 2009 7:04:10pm

re: #673 SunshineGirl

typing as a trader, I would predict that you will see some terrific bear market rallies on the way to 5400. markets don’t go in a straight line. It will go to 5400, unless the administration changes course-which is always possible.

markets are a little bid tonight. On Friday, Unemployment is out. It should be much higher. But that is already priced in, so there cold be a nice rally Friday on bad news.

Rallies in bear markets are a time to ring the cash register. Sell call options on stocks you want to keep, sell stock you want to unload.

If it goes in a straight line to 5400-look out. We will head to 2700 then. That is the place where the Dow rallied from in 1987-88. Go through there, 770. That is where the Dow rallied from in 1982.

675 wiffersnapper  Mon, Mar 2, 2009 7:48:16pm

re: #33 MandyManners

props on the huge upding count!


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