obama needs to do something about the stock market NOW

#27
#27
rjd970 said:
This is a serious question. If the president has so much control over the market, why didn't Bush do anything about it before he left office?
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the market rallied 10% when the tarp and the no shorting rule was announced under bush. since the stimulus package was announced the market has dropped 25%. that's after it already droped 50%. at these type of levels under any normal circumstances we would have at least seen a bear market rally. we haven't seen it because of obama's policies. plain and simple.
 
#28
#28
rjd970 said:
That's really saying something after the results the last 8 years got us.
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exactly what did it get you? A post 9-11 period of prosperity followed by a structural problem driven housing market correction. You ended up with money spent in Iraq and Afghanistan and a disastrous prescription drug program for seniors.

Obama has eclipsed all of that in a month.
 
#29
#29
droski said:
the market rallied 10% when the tarp and the no shorting rule was announced under bush. since the stimulus package was announced the market has dropped 25%. that's after it already droped 50%. at these type of levels under any normal circumstances we would have at least seen a bear market rally. we haven't seen it because of obama's policies. plain and simple.
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and oddly, the market meltdown was basically ushered in by this sweet little congressional majority reversal. Hmmm.
 
#31
#31
rjd970 said:
That's really saying something after the results the last 8 years got us.
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In October of '07. the market was at 14K and unemployment was at 2.5%

Can anyone tell me what happened in November of '07?
 
#37
#37
T-TownVol said:
tell me what capital gains there are to tax right now
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immaterial. The announcement, which has all but been made, certainly raises the bar for investment and makes the road to recovery even longer, if not forever.
 
#39
#39
T-TownVol said:
tell me what capital gains there are to tax right now
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exactly why it is so idiotic to announce to raise the tax in an environment where we are desperate to encourage and increase investment. he's raising the tax JUST for the sake of "taxing the rich" f-ckers even though a) it will likely not produce much in tax revenue and b) the market is tanking.
 
#40
#40
droski said:
it's already been announced for the "rich". 15-20%
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absolutely ridiculous i'm not what you call "rich" and i think that is out of control. sorry these ppl who most have probably worked hard for their fortune, and are investing it and making money are now being kicked in the teeth, and having their money taken from them to pay for govt programs including welfare. so that billy bob and maurice can drink natty lite and smoke weed all day, as well as reproduce
 
#42
#42
MontereyVol said:
Are you talking about his campaign promise or has he actually done something yet?

If he stays below 20% I'll feel a lot better.
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I'm talking about his pie chart that says how he is going to pay for the megadisaster spending program that he passed. The moron and his cronies didn't bother accounting for the diminished returns in the market due to his programs.
 
#43
#43
for obama to fix the market:
1)its not the governments place
2)stop talking about "state take over of banks" as a "last resort" just dont mention anything about it. period
3)stop constantly saying how bad the economy is, use the media that worships the ground he walks on the put a positive spin on things, he seems to be pretty good at spin
 
#44
#44
BigPapaVol said:
I'm talking about his pie chart that says how he is going to pay for the megadisaster spending program that he passed. The moron and his cronies didn't bother accounting for the diminished returns in the market due to his programs.
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You know, I remember Obama saying in one of his debates or interviews that he was planning on using the money from the draw down in Iraq for the extra money. The interviewer told him that that money wasn't in the budget in the first place so it wasn't a source of diverted income.

I thought that was bad. And looking at how he plans to help pay for the "Stimulus" he didn't learn anything from it.
 
#45
#45
exactly why it is so idiotic to announce to raise the tax in an environment where we are desperate to encourage and increase investment. he's raising the tax for the sake of "taxing the rich" f-ckers even though a) it will likely not produce much in tax revenue and b) the market is tanking.
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Obama's pettiness really is pathetic, isn't it? He's more concerned with pandering to his loony base and pushing through his agenda than he is solving the nation's economic problems.
 
#47
#47
Blaming Obama isn't going to keep GM from filing banruptcy or Citi from losing money. I don't see there being a lot he do except try to restore confidence to some degree, but it's the bad economic data that is driving the market down, not really Obama.
 
#48
#48
Blaming Obama isn't going to keep GM from filing banruptcy or Citi from losing money. I don't see there being a lot he do except try to restore confidence to some degree, but it's the bad economic data that is driving the market down, not really Obama.
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He doesn't help the situation by dogging the economy for his own purposes.
 
#49
#49
oklavol said:
Blaming Obama isn't going to keep GM from filing banruptcy or Citi from losing money. I don't see there being a lot he do except try to restore confidence to some degree, but it's the bad economic data that is driving the market down, not really Obama.
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you are wrong. bad economic data cost us the first 40%. the next 25% is on obama and his policies. the news has been horrible for months. it was priced in before obama came into office.
 
#50
#50
oklavol said:
Blaming Obama isn't going to keep GM from filing banruptcy or Citi from losing money. I don't see there being a lot he do except try to restore confidence to some degree, but it's the bad economic data that is driving the market down, not really Obama.
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would a guy trying to restore confidence send Geithner out to congress to talk about saving the planet amidst a bevy of non-answers. Would he follow that up with a fabricated doomsday speech by the head of the FDIC?

Would he not be positive on a daily basis? At least he could be lying about it. We know for sure he has no qualms with looking this nation straight in the eye and selling lies left and right.

I believe he's somewhat leveling the playing field so that some of the socialistic garbage to come is easier to swallow. Worked for FDR and he's following the same track.
 
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