And the perfect metaphor for the Obama stock market plunge
Obama-capulco Cliff Dive! Look out below…
(Also can be used to accompany news of AIG record loss report.)
Wall Street has turned the clock back to 1997. Investors unable to extinguish their worries about a recession that has no end in sight dumped stocks again Monday. The Dow Jones industrial average tumbled 251 points to its lowest close since Oct. 28, 1997, while the Standard & Poor’s 500 index logged its lowest finish since April 11, 1997.
All the major indexes slid more than 3 percent. The Dow is just over 100 points from 7,000.
“People left and right are throwing in the towel,” said Keith Springer, president of Capital Financial Advisory Services.
Investors pounded most financial stocks even as government agencies led by the Treasury Department said they would launch a revamped bank rescue program this week. The plan includes the option of increasing government ownership in financial institutions without having to pour more taxpayer money into them.
Although the government has said it doesn’t want to nationalize banks, many investors are clearly still concerned that this could be a possibility as banks continue to suffer severe losses because of the recession. They’re also worried that banks’ losses will keep escalating as the recession sends more borrowers into default.
“The biggest thing I see here is the incredible pessimism,” Springer said. “The government is doing a lousy job of alleviating fears.”
But hey, Obama’s pecs are still glistening…
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Trackbacks
- Hussein Obama’s stock market plunge continues. Stock markets reach their lowest level since 1997. | Fire Andrea Mitchell!
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- [VIDEO]: Bobby Jindal’s Big Night « JoHNBRoDiGaNDoTCoM
- Three out of four Americans fearful about state of country according to CNN poll ($410 billion omnibus spending bill) « Goodtimepolitics
- You can fool some of the people all the time, and those are the ones you want to concentrate on | Right Voices
- Reaganomics At Work Thanks To The Stimulus Package — A Quarter Of A Million Washington State Residents Receive One Dollar Foodstamp | THE GUN TOTING LIBERAL™
- Obama wants to take from the rich and give it to….the government. « Riggword Weblog
- The Citi Sleeps … with the Fishes | BobMaistros.com
- My B.O. Dump. Constipated No More! « OutOfTheBlu
- Observations Of The Day On America’s Financial Collapse: « Tai-Chi Policy
- Michelle Malkin » And the perfect metaphor for the Obama stock … | Stock Capitalist
- Michelle Malkin » Another Obama-capulco Cliff Dive
- And the perfect metaphor for the Obama stock market plunge « Top Daily Digest Reading
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The One hopes the market will stabilize… somewhere above zero.
Fear keeps the band-wagon a-rollin…
I’m guessing Soro’s has been shorting the market heavily.
You mean saying the word “crisis” in every sentence hasn’t done that? Who knew?
*Obamanomics:Down is the new Up!
Acting President Obama is hell bent on making sure his promise of reparations is met.
Who said this? “White man’s greed, keeps a world in need”
Wednesday’s drop will be even worse after The One gives his big speech to Congress tomorrow night. I think this “crisis” is being created by the administration in an effort to grab total power. Kind of similar to the night the Reichstag burned to the ground, Hitler claimed it was communists and Jews (though it was his own henchmen), and he would save the Reich if only the German volk would give him dictatorial power to do so. I just pray there’s enough of us around to stop it!
So saith Kathleen Parker (while even Maureen Dowd jumps ship)
*Wall Street to Obamanomics:”Yea, I’m down with that”!
Obama is destroying the nation and the stock market with his socialist/communist agenda. Before long we’ll be as prosperous as Cuba and everyone will be driving 1950 era cars. It’s absolutely remarkable that one man could cause so much damage in only a month. This is becoming very frightening.
I have been predicting the market to go to 5000. Maybe that was optimistic…
Obambi is going to kill the golden goose. Too bad it was George W. Bush that put the goose on the platter to begin with.
God save us from statists!
*Obamanomics:Giving lead balloons a run for the money!
You know the left is going to blame all of this on Bush, but it’s nice to be able to point out that several bad market days were followed by good with Bush. Where with Obama, we’ve been in a free fall; I can’t remember the last good day. It is ALL to do with policy… are you Obama voters still happy? Wait, let me answer that… yes you are because you just know you are going to get a free handout.
I can’t even think of something to say anymore. It has been too ridiculous to comment on.
Get elected, market slumps.
Start off presidency with a Roman orgy of an inauguration: stock market slumps.
Force a turd of a spending bill through tCongress in record time, at a record cost: stock market slumps.
Say that you are going to tax the rich and businesses to “make up” for the deficit: stock market slumps.
Juice in various hacks, charlatans, stooges, and fraud failures over the period you take office: various market slumps.
Impressive. You just cannot make this kind of stuff up.
I wonder what he will say next?
I think Putin might make a better choice for the economy. At least he lived it and watched it fall from Socialist grace to becoming something else.
On the upside: the decreased economic activity will mean a reduction in greenhouse gasses.
I wish I could say I was joking but I actually have seen this posted on some liberal blogs. So remember, as you cut your gas and electric use to a bare minimum so you can afford to buy groceries (no meat) and stop driving to work because you have no job somewhere a computer model will now show a 5 mm reduction in ocean levels in 2100. That should brighten your spirits.
*Remember the song from The Fixx, “Saved by Zero”?; Great song, great era, however, so not applicable to today’s events; Bummer.
So, which will be in single digits first – Wall Street, or Obama’s approval ratings?
I think “jdubya” has detected a trend!
The man has wiped out trillions of dollars since George Bush left office. Does he realize the wealth he wants to tax is now largely gone?
And he has just started!
Let me start by saying I’m old.
Now and then I think about the old days and the money I blew on, in the words of the song, “Cigarettes and Whiskey and Wild, Wild Women”.
Had I saved and invested all that wasted wealth, today most of it would be gone with the rest, I fear, soon to follow.
Except for a hangover or two maybe it wasn’t so dumb after all.
None of this is a surprise, what exactly did anyone expect? I think that all of it is part of O’s plan to destroy an “evil empire” and rebuild it into the “Socialist State” that he, the Reverend Wright, Bill Ayres, et al long envisioned.
If anyone is familiar with FDR and his “New Deal”, they won’t be surprised to see this. One of the big consequences of the Deal was investors holding on to their money. They didn’t know, one day to next, how the government was going to run things. What didn’t work in the ’30s, I suppose, is supposed to work today? Nothing has been learned to politicians and lawyers that most “economics 101″ students would know.
In better days that clip would be a good metaphor for a stimulus package.
Sorry, I know that was bad…but bad jokes may be all we have left four years from now…bad jokes and Krusty brand immitation gruel–provided by the gov’t, of course.
All moot when we all return to using fires to cook our food on a regular basis.
Only a rich nation can afford to care about all the environmental stuff. Poor nations are too busy doing anything to survive.
But don’t worry, O’Boingo said he wants $5 or $7/gallon gas, a bankrupt coal industry, no drilling, no nukes and no foreign oil.
So maybe if you inflate your car tires to 1,000 PSI, gas will start to come OUT of the place where you normally put it IN, you can make a fortune from higher gas prices. Oh yeah, I forgot, there’s going to be a million electric cars on the road, so there will be no market for gas.
Never mind, these guys have everything under control, and the Hope and Change are just going to keep on rollin’!
Great Idea! Nationalize the stock market!
Add today’s fiscal responsibility summit to this cartoon.
Oh, yeah, and
EinsteinBiden’s going to oversee the Porkulus. Ain’t it f’n grand?So would killing 90% of the humans on this planet.
My collie says:
The market is falling because the stimulus and bailout packages are too small, not because they are too big.
You forgot the /sarc tag; only a fool would believe that.
We really need a 21st Century McCarthy to take on all these communists/socialists and tell it like it is. Unfortunately, that person does not exist.
William the Conqueror (Ayers), Saul Alinsky, and Reverend Wrong, through their MESSIAH the Obammunist have won. It just goes to show you that lying, cheating, stealing, committing crimes, being an unethical thug, race baiting, and a whole host of other bad traits can help get you to the Presidency of The United States of America.
The markets are falling because they have no confidence in a leader that says we’re in a crisis 500 times a day.
That settles that. Never work again, buy and spend BIG and you too can be a teacher man, rich beyond Midas and wise in the ways of all things.
You have an $800,000 mortgage you need help with? Drive a bus and you can.
We are talking lgm here boss. He is telling us the Smartest Man ever to be President did not propose a big enough package. lgm.
Noticed that P-BO is giving his “speech” at the American Idol time slot. So, what kinds of minds will be watching?
The Dems marketing plan is still the best in town.
Jindal is giving the “opposing” view point.
Ya hear some of Jindal’s comments over the weekend?
WOW … has he got a pair of cojones.
YES … YES … YES
Finally, a conservative voice.
Anybody heard from Steele lately?
… me neither.
#7 (Special K), and #14 (jdubya) have pretty much summarized the bottom line.
Whenever Ø speaks, the markets tank. Maybe the Ø Administration should be less transparent, and do more stuff “behind closed doors”. … and allow the free market(s) to speculate some more.
The smartest man ever to be president doesnt have the requisite big package to act like a president and lead.
Narcisstic twits- he and lgm.
Los Pendejos.
lgm and BHo’s problem is they dont understand business, have never run anything remotely like a business, and therefore have no critical understanding of what makes wealth, builds nations, and conserves representative democracy.
The BHo presidency is toast. It only took 30 days. Not even.
That flushing sound you hear is your tax money and the BHo presidency going south.
Wait til we are invaded my Mexican narcotraficantes on a grand scale that threatens San Diego and LA.
ROFLMAO “We can engage in a discussion!”
BWAHAHAHA!!!!!
Bear1909out
That’s all our Dear Leader has been doing since he started running for president 3 years ago. He opens his mouth, and the market nosedives.
Maybe he just needs to shut up.
Oh, and how does the cratering stock market help Michelle’s kids?
I suggest it will take hours for some other moronic Marxist to top this absollutely ignorant statement. But, it will be topped.
This is what you get when you elect an an economic illiterate who lets the nitwits in congress loose with the credit cards.
And lgm’s statement:
is simply one of the dumbest things I have read.
I present to you…
lgm, Lord Of The Idiots!
Ok, lgm, then why is nobody actually in the investment industry is willing to go on tv and say so? Also, how is any of that stuff in the stimulus actually supposed to do anything but further the Democrat agenda?
Geez, high school kids in Arizona are smarter than you. That has to hurt.
Little known fact. lgm posed for this famous poster!
http://www.flickr.com/photos/goldberg/229551714/
Thank you Obama for the evaporation of my planned retirement.
Well, Cicero, it really didn’t matter much in the end. Obama was either going to tax it or destroy it with the market. This just took less time. At least he got it over with quickly.
My only suggestion is to call it
O-capulco….
And yes, tomorrow nights summons by the One, should be most interesting…
Obviously, BO and his cronies do not remember it…they are trying to cut the military budget, which is the only way we came out of the “Great Depression”.
C’mon, Lord. It’s time to come back. Netanyahu, build that Temple, because Gog and Magog have united against Your people!
Oh Yeah! lgm has got it on now. Trite, inaccurate platitudes are the only defense Obama has left anymore. Carry that water!
Who’s got $5 on her next saying “The only reason why Communism has never worked is because no one has done it right”
I wonder how the stock market would react if someone whispered “Impeach Obama” in its ear.
Nah! I think he just outdid himself.
I think the metaphor Michelle picked was fine, but I think this is more accurate.
http://www.youtube.com/watch?v=5W6fBEhLENM
That diver’s name is Kunze. Racist.
When refining gold, the gold stays on the bottom while the scum rises to the top. Well, we see where Sarah Palin is verses Duh One.
LGM, you honestly think nearly a trillion dollars is too small!?!?!?
Just what were you expecting!?!?!?
Hey lgm,
So, how much do you think would be enough?
The logic of his argument seems pretty straightforward.
If the patient is anemic and putting leeches on him does not work, then obviously more leeches is the logical treatment one should try next.
Actually, MM, this
19.1 mile parachute jump
But hey, Obama’s pecs are still glistening…
LOL! Thanks for that pretty funny.
11 TRILLION in DEBT and 45 TRILION in unfunded liabilities and lgm says we should go in debt some more. That’s some strange math.
What, you don’t have faith that the duh1’s plan will work?? Just wait until he feeds ANOTHER trillion$$$$ into the fire.
THAT will really get the economic locomotive humming!
AND…after THAT he’ll have HEALTH CARE FOR ALL!!!! YIPPEE KAI YEA!!!!
…for the low low price of only modest tax increases…
You gotta love this guy.
Great analogy!
That could explain why he said this about the market just last week:
Wow – I’m missing the logic there. So are you claiming the stimulus and bailouts are the right things to do but all the stupid people with money aren’t bright enough to recognize the brilliance of those plans?
Actually lgm – I retract part of my statement. People aren’t investing in the market because the government is intervening too big or too small. It’s just that the gov’t is intervening period.
ANY intervention is a downer for investment.
I don’t think anything will improve until the great arrogant one stops trying to cheer us up with words like disaster, crisis, catastrophe, etc. It would also help if he would stop trying to foster good will by looking down his nose and talking to his audience like they were schoolkids. Of course the great arrogant one will never stop doing this because he IS the greatest, most arrogant of the arrogant ones. So, good luck El Presidente.
So in an economic crisis a Harvard trained lawyer isn’t enough?!
If anyone still on the fence needed a final reason to stock up heavily on ammo and dry foods… well, then here’s your sign
Alan Keyes on Obama
On February 23rd, 2009 at 6:24 pm, tarpon said: (#6)
From the pattern, I would guess Jesse Jackson.
Or, on second thought, was that Living-in-the-Past Reverend Lowry, quoting a Civil Rights Era song, at the recent inauguration? (I was driving through a snow storm at that time–I wasn’t listening to anything that would cause strong emotions of any kind.)
Am I right? What did I win?
come on Obama has a bird chest.
If a stiff wind came by it would blow him and his chicken legs away.
Last December, Pres. Obama said that deficit spending doesn’t matter until the economy has stabilized:
But a few days ago he said:
Does that mean he has changed his mind about deficits not being important? Does that mean he believes the economy has now stabilized enough that he can turn his attention to getting the deficit under control? Or does that mean he just says whatever pops
into his headonto his teleprompter?-”Reverend” Jeremiah Wright,
in his “Audacity of Hope” sermon,
which became the foundation of Obama’s book.
My guess is that Hillaryies shopping trip to China failed and they’re not going to buy Obama’s debt any more and now he’s in a full blown panic
At this rate the amateur hour in the hope and change administration should have the market back to the nostalgic days of 2,000 pts by the end of the calendar year. Never in human history have so few screwed over so many while destroying so much wealth in such a short span of time, definitely not our finest hour.
ΜΟΛΩΝ ΛΑΒE (mo-lone lah-veh) Translation: Come and take them!
Jan 2009: America inaugurates its first African American President
Feb 2009: America’s first African American President’s policies send the stock market to pre-Emancipation Proclamation levels
NATIONALIZE CONGRESS!!!!!
er…
CONGRESSIONAL TERM LIMITS!!!
Now that makes sense. China told Hillary they wouldn’t consider financing any more of our debt unless Obama took steps to curb out-of-control spending. So Obama came up with a “plan” to eventually control deficit spending. He’s hoping that the “good intentions” outlined in his plan will placate China, and then it’s back to business as usual. Do you think they’ll fall for the “bait and switch” trick one more time?
Obama only won the election by 9 percentage points and there is no way 80% of the people could be sanctioning the way he has handled the economy. He has raped the treasury and has no idea how to solve the serious financial problems this country is facing. He and his gaggle of lunatics are doing a soft shoe dance and performing multiple slight of hand tricks. We are in deep trouble because there is absolutely no leadership in this government and there is no one in the wings that will step forward and give us that leadership. The country is floundering and its longevity is in serious peril. The Washington Post and ABC are left wing propaganda machines and are attempting to bolster Obama when in fact his support among the people is seriously deteriorating. The mainstream media is scamming us and they must be exposed. These are dire times and the forces pushing this country are out of control.
RedPill
That was one powerful video link. Not a conspiracy bot myself, but I’ve always respected Alan Keyes. He is articulating everything I want to say about Obama, [and I suspect many more like me], but we all keep hoping for the best. Guess we should all gird our loins.
OMG Alan Keys DOES have a huge set of cojones.
Alan Keyes speaks his mind
Thanks #66 for the link.
Hey Steele, are you listening?
Had to fix it.
Regards,
Reverand Wright
Paging Ted Mack…… that’s for the over 50 crowd.
On February 23rd, 2009 at 7:07 pm, lgm said:
Sigmund Freud says: The true motivation of collectivists: deep-seated sexual inadequacies.
DagneyT #46 is on to the real truth as to what is coming down. This “crisis” is part of the plan to institute the need of a system to control the population with a mark of some sort because money will be worthless and ammo will be as gold. It will start happening faster than we realize. Ocrapforbrains and his court jestors have set this agenda in motion.
Burton W. Folsom said …
Henry Morganthau, FDR’s Sec of Treasury, was frustrated at the persistence of double-digit unemployment throughout the 1930’s. In May 1939, with unemployment at 20 percent, he exploded at the New Deal programs.
‘We have tried spending money. We are spending more than we work … We have never made good on our promises … I say after eight years of this Administration we have just as much unemployment as when we started … And an enormous debt to boot.”
Another inane comment from our resident expert on small packages.
Trying to spend your way to prosperity is like trying to borrow your way out of debt.
Oh, wait…
What a maroon!
We still haven’t seen the market capitulate (or become “bipartisan” in Democrat terms) so more declines could be coming.
It may take a generation to recover from this porkfest, but we will, eventually. The 2010 elections could bring truly new blood to D.C., but, even without it, we will emerge stronger and wiser.
Thank you for that, lmao…lol.
Minor correction:
man’sfolksGreat post, Keyes says it clear as can be said. O’really claims he saw the birth certificate, B$! only if he was having a bad dream.
Good news-we have plenty of leeches.
WHAT?
Hussein’s glistening pecs can’t save the WORLD?
Say it ain’t so… /sarc
The Second Coming… where the REAL Messiah really will save the world.