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38. Stimulus Passes, Dow Tanks: Wall Street’s Vote of No Confidence on Obama? : “7.62mm Justice” ™
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Comments

1. #624860
   On February 17th, 2009 at 4:09 pm, sonofdy said:

   Thank god the markets closed. They were heading for 7500. obama, please for gods sake STOP SPENDING!!!!!

   I know, deaf ears.

2. #624870
   On February 17th, 2009 at 4:13 pm, BlameAmericaLast said:

   His 2000 point slide just added another 300 today.

   Nice. I wonder what Mitt Romney’s thinking.

3. #624872
   On February 17th, 2009 at 4:13 pm, flenser said:

   Obama donor R. Stanford Allen charged wth $8 billion invesment fraud.

4. #624875
   On February 17th, 2009 at 4:15 pm, irving said:

   Since the moment Obama was elected a friend of mine has been referring to the “Obama rally.”

   If the market had gone up, you can be sure the MSM would be saying it was because of investor confidence in the administration.

5. #624883
   On February 17th, 2009 at 4:19 pm, frostrt said:

   On February 17th, 2009 at 4:09 pm, sonofdy said:
   Thank god the markets closed. They were heading for 7500. obama, please for gods sake STOP SPENDING!!!!!

   I know, deaf ears.

   ————————————–

   Very large deaf ears.

6. #624897
   On February 17th, 2009 at 4:24 pm, sonofdy said:

   The obama rally

   -2300 POINTS!!!!!

   wahoooo!!!!!

7. #624918
   On February 17th, 2009 at 4:33 pm, Dexter Alarius said:

   On February 17th, 2009 at 4:24 pm, sonofdy said:
   The obama rally
   -2300 POINTS!!!!!
   wahoooo!!!!!

   I guess you can think of it as that he is creating a Buy opportunity. You just have to wait until the market bottoms out and rational adults get back in charge.

8. #624921
   On February 17th, 2009 at 4:35 pm, conservativesRus said:

   On February 17th, 2009 at 3:37 pm, lgm said:

   The MSM is reporting that the markets are tumbling today because investors think the stimulus is too small. That’s exactly what Krugman thinks and not in line with the Republican view.

   Exactly who are these investors you are referring to?
   And to be honest – I don’t care what Krugman thinks.. He can think all he wants. Does he have his own money in?
   You won’t truly understand investment until you own your own company – otherwise it’s mostly just gambling.

9. #624941
   On February 17th, 2009 at 4:42 pm, sonofdy said:

   I guess you can think of it as that he is creating a Buy opportunity. You just have to wait until the market bottoms out and rational adults get back in charge.

   That might be when the dow looks like the s&p.

10. #624943
    On February 17th, 2009 at 4:42 pm, conservativesRus said:

    On February 17th, 2009 at 3:50 pm, bjc said:
    They need to just let the free market system wash out the losers and allow the winners to come to the forefront, but it is not to be found in their DNA

    In fact, they will soon ban all sports because in sports you have winners and losers.

11. #624947
    On February 17th, 2009 at 4:44 pm, BlameAmericaLast said:

    I don’t care what Krugman thinks.

    Me neither. He’s a flat out, blatant socialist Kenseyan economist. He has never spent a day working in business, as he is a full time academic, had some experience in government and currently a columnist for the NYTs. When he gets some real hands on business experience, then maybe I’ll take him more seriously.

    History has already proven that socialism does not work, and government spending gets you in more trouble.

    Just look at what happened in Japan with their so-called infrastructure spending.

12. #624950
    On February 17th, 2009 at 4:46 pm, RetFireman said:

    Boy, nothing like lgm demonstrating to the world just exactly how little he knows about the economy, Wall Street or…well anything.

    And putting his faith in the MSM…do they still have those “dunce” caps in school? Because I would imagine he has his own.

13. #624953
    On February 17th, 2009 at 4:46 pm, southsideironworks said:

    As I said in post #58 this morning:

    From CNN: http://www.cnn.com/2009/POLITICS/02/17/obama.foreclosures/index.html

    Though administration officials are tight-lipped about details, one idea that has been floated is for the federal government to reduce monthly mortgage payments by modifying loans.

    Sheila Bair, the U.S. FDIC chairwoman, has advocated reducing payments to between 31 and 38 percent of a family’s gross income.

    “This crisis in housing has devastating consequences, and our government should have moved more forcefully to help contain the damage,” Treasury Secretary Timothy Geithner said Monday.

    “You’re going to learn about [the administration's plan] as the rollout continues,” said Jared Bernstein, Vice President Joe Biden’s economic advisor.

14. #625024
    On February 17th, 2009 at 5:26 pm, ArizonaNeanderthal said:

    On February 17th, 2009 at 3:37 pm, lgm said:

    The MSM is reporting that the markets are tumbling today because investors think the stimulus is too small. That’s exactly what Krugman thinks and not in line with the Republican view.

    Bull, Krugman and lgm might SAY it but they do not believe it either. The great killer of markets, business and finance is uncertainty which as did FDR Obama, Reid and Pelosi provide in spades. People will not invest or take chances without some reasonable expectation of stability.

    With one Democratic Congressman and Senator after another talking of controlling the markets stability is not possible. Nixon’s price controls and Carter’s excess profits tax are prime examples. This stimulus package seems to be a compilation of the worst.

    Look to France with their perennially high unemployment for encouragement-twit.

15. #625041
    On February 17th, 2009 at 5:37 pm, southsideironworks said:

    Why buy property or invest in my business when the govt will come in and devalue my capital investment by bailing out the moron next door to me.

    While my Miami condo was sort of a dream, I DID in fact take $60K in cash investment in my business off the table until I see how this BS shakes out.

16. #625045
    On February 17th, 2009 at 5:40 pm, Milwaukee Mike said:

    The One’s will be done!

    http://americandigest.org/sidelines/archives/2009/02/_texas_rainmake.html

17. #625058
    On February 17th, 2009 at 5:52 pm, NJ-Aviator said:

    “lgm said:

    The MSM is reporting that the markets are tumbling today because investors think the stimulus is too small. That’s exactly what Krugman thinks and not in line with the Republican view.”

    Allow me to translate for you.

    The “Stimulus” is not a stimulus. It is too small in that what they are putting the money into has little to do with the economy.

    That making more sense for you now?

    If you’d like it plainer… lets just say the stimulus package is pointless.

18. #625076
    On February 17th, 2009 at 6:08 pm, 24Klady said:

    Hundreds of thousands of people are out of work, we’re bailing out companys that should have been allowed to self distruct if they couldn’t manage to walk and chew gum at the same time, the unions have not given up one red dime in concessions to keep their bloated with benefits jobs, we’re going to have the poor fund a medical scam for the middle class and their kids, state after state that has also inflated their governments are standing with their hands out, millions of illegals are hanging in there waiting for the coming amnesty so they can get what’s owed them, and the beat goes on…..’Bambi needs to take another trip to get the heck out of Dodge and campaign for 2012! Oh, I’m stunned Wall Street doesn’t like it and tanks.

19. #625090
    On February 17th, 2009 at 6:27 pm, BlameAmericaLast said:

    I still wonder why unions are legal in this day and age.

    They’re the problem, not the solution. Never will I ever buy an American car. I don’t drive one now, and never will.

20. #625149
    On February 17th, 2009 at 7:15 pm, Dimsdale said:

    On February 17th, 2009 at 12:47 pm, lgm said:

    Now, imagine if President Bush had presided over a 2,000-point stock market tumble in the same time period

    He did. Most of the tumble was before January 20. The economic environment (inflated housing prices, lots of risky mortgages, improperly rated CMOs, etc) were created during the Bush period.

    While you’re about blaming Presidents for things that happened early in their terms, how about blaming Bush for the 9/11 attacks?

    That tumble you refer to could not possibly have been caused by the continuous drumbeat of badmouthing of the economy by the libs and the media, could it? All in the name of politics.

    Remember that Schumer caused a run on a bank after a run of his mouth.

    Bush and company tried to forestall the Freddie/Fannie debacle, and were accused of being racists by the Dems, in particular, the Black Caucus. Add to that the fuel price skyrocketing (something Obama wants to bring back) and you had the recipe for disaster.

    Bush’s stimulus didn’t work. Why are we trying to repeat it with a bigger “stimulus” package? Remember the definition of insanity?

    Stop trying to rewrite history. Bush WAS blamed for 9/11 even though there was nothing he could have done to prevent it. He didn’t proactively court the disaster as economic neophyte Obama is.