obama needs to do something about the stock market NOW

#101
#101
rjd970 said:
Who says I don't pay taxes, or save for retirement?
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it seems you're protecting a guy who's sole mission is to get revenge on the "evil rich people" he's either has no idea on what is economic policy is doing, or worse, he does know and wants this to happen to force us to rely on the government.

say what you will about Bush's spending. he did not think that successful people should be penalized for taking a chance. to bad we can't say that about the community organizer hussin O(hmygod)bama.
 
#102
#102
#104
#104
rjd970 said:
Ahhh. So Mitt Romney could have turned this thing around in 6 weeks.
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Romney isn't a student of Frank Marshall Davis, nor has he professed a respect for Saul Alinsky and Bill Ayers. Capitalism always works, socialism always fails.

and no, I'm not saying Romney would have "turned things around in 6 weeks", but he also wouldn't have advanced policies that have been proven to fail.
 
#105
#105
VolsNSkinsFan said:
He wouldnt have turned it around, but he would have prevented it from dropping 30%
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This is where we are. The drop has to happen sooner or later. Bush didn't get us out of a recession, he just put it off. That is all Romney would have done.

Question, what do you think is driving this plummet more...Obama's rhetoric, or the dire situation in the financial sector? I just read an article that Citi is selling below $1 dollar a share.
 
#106
#106
rjd970 said:
This is where we are. The drop has to happen sooner or later. Bush didn't get us out of a recession, he just put it off. That is all Romney would have done.

Question, what do you think is driving this plummet more...Obama's rhetoric, or the dire situation in the financial sector? I just read an article that Citi is selling below $1 dollar a share.
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or could it be the constant negative talk from the OBAMAnation of a president about the ecnonomy that is making people hesitent about investing?
 
#108
#108
rjd970 said:
This is where we are. The drop has to happen sooner or later. Bush didn't get us out of a recession, he just put it off. That is all Romney would have done.

Question, what do you think is driving this plummet more...Obama's rhetoric, or the dire situation in the financial sector? I just read an article that Citi is selling below $1 dollar a share.
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you don't think the financial sector was dire 3 months ago? GE could go to ZERO and the dow would only be down 50 points. it's the rest of the stocks that are tanking right now. companies like intel and microsoft that have nothing to do with the financial sector.
 
#109
#109
rjd970 said:
This is where we are. The drop has to happen sooner or later. Bush didn't get us out of a recession, he just put it off. That is all Romney would have done.

Question, what do you think is driving this plummet more...Obama's rhetoric, or the dire situation in the financial sector? I just read an article that Citi is selling below $1 dollar a share.
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why does the drop have to happen, after it had already dropped 35%?

The plummet is the promise of the tax on the wealthy, cap gains hikes, massive new spending, Geithner's sudden idiocy, the head of the FDIC trotting out impending doom that will never happen and is 18 months away, Obama's constant reminder that he inherited the problem and that it might be tough to solve, bottom up economics.

In the end, those financially savvy enough to view the long term based upon Obama's positions are running like scalded gorillas toward the typical market hedges.
 
#110
#110
BigPapaVol said:
wouldn't have turned it around, but also wouldn't have destroyed confidence to this extent in any way, shape or form.

You might not like it, but the investing crowd does its job based almost 100% on pocketbook. The pocketbook has not taken one Obama initiative positively.
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romney would have given tax breaks to companies, he would not have proposed trillions in tax increases, he would not have proposed taking over healthcare, or that lame cap and trade. he would have investors and America the thought that they weren't going to be taxes to death because they made some money.
 
#111
#111
rjd970 said:
Ahhh. So Mitt Romney could have turned this thing around in 6 weeks.
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No but he would have probably put pressure on the hemorrhage instead of watching massive blood loss and saying the bleeding doesn't bother me.
 
#113
#113
rjd970 said:
This is where we are. The drop has to happen sooner or later. Bush didn't get us out of a recession, he just put it off. That is all Romney would have done.

Question, what do you think is driving this plummet more...Obama's rhetoric, or the dire situation in the financial sector? I just read an article that Citi is selling below $1 dollar a share.
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Yea and it is really sad that it is selling fro less than $1, once the largest financial institution in the world and a proud cornerstone of our financial dominance

People just dont have confidence in him, No Confidence=Sell

He wants to raise taxes, that doesnt inspire anyone to start a company or invest $$. Every time he speaks, its the same garbage "ahh, I inherited this" bla, bla. He shows NO Leadership. NO Leadership+ No Confidence = Stock market crash and that is what we are watching right now

we are currently down 4.5% TODAY we have lost another 310 points off the Dow, and once again he is MIA. This is the second day this week we have been down almost 5%, its really sad, the amount of wealth has vanished, trillions and trillions gone since he has come into office

Its a disaster of epic proportions
 
#114
#114
Are there any good conspiracy theories as why Obama would want the market to fail? I don't see how the drastic decline could help push his policies?
 
#120
#120
UT IE 95 said:
How much do you expect in 45 days?
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I was not talking about whether his presidency may or may not be successful. I think it is pretty obvious already though that he is a normal politician with regards to lies told on the campaign trail and right now. Earmarks and not raising taxes on anyone making under 250k being some of the latest examples.
 
#121
#121
KB5252 said:
I was not an Obama supporter (I know big surprise there), having said that I never would have thought he would do this poorly so quickly.
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2nd that... this is such a disaster, its amature hour

CNBC "Mad Money" host Jim Cramer, who first starting connecting that perhaps a Democrat-controlled federal government might not be the best thing for the United States earlier this year, gave something of a downbeat rant on Feb. 2 about Obama's handling of the economy so far.

"Until the Obama administration starts listening, until they start paying attention to what you're watching - to the stock market, until they realize that their agenda is destroying the life savings of millions of Americans - then all I can give you is caution," Cramer said on his March 2 broadcast.
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Cramer on Obama: 'It's Amateur Hour at Our Darkest Moment' | NewsBusters.org

I just want some sign that Obama realizes the market is totally falling apart and his agenda has a big hand in that happening."
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Cramer was a huge supporter of Obama too
 
#125
#125
vols4sure said:
Are there any good conspiracy theories as why Obama would want the market to fail? I don't see how the drastic decline could help push his policies?
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not necessarily, but it has generally taken near disaster for a president to usher in broad and dramatic change in our politics. The worse it gets, unless the problems are ascribed to the head clown, the more likely he is to make a good case for socialization / nationalization and a "level playing field."
 
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