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Worst Inauguration Stock drop in HISTORY

Discussion in 'Political Discussion' started by FreeTedWilliams, Jan 21, 2009.

  1. FreeTedWilliams

    FreeTedWilliams pfadmins PatsFans.com Supporter

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    #75 Jersey

    To follow up on his worst ever post election stock drop, Pres. Hussein's inauguration causes the stock market to tank yet again...

    Bloomberg.com: Worldwide
     
  2. wistahpatsfan

    wistahpatsfan Pro Bowl Player

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    #75 Jersey

    Yes...that's interesting...and?
     
    Last edited: Jan 21, 2009
  3. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Ted, nice to see you're so full of resentment. WTF is wrong with you?

    Just a suggestion, but maybe you should just shut up and wait until you really have something to B1tch about.

    Stop crying and acting like a baby.
     
  4. FreeTedWilliams

    FreeTedWilliams pfadmins PatsFans.com Supporter

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    #75 Jersey

    Apparently I'm the only one with a 401K, this guy has ALREADY COSTS ME THOUSANDS OF DOLLARS, and he wants to tax me more.....

    I think that is enough to start *****ing about.
     
  5. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    No Comment
     
  6. wistahpatsfan

    wistahpatsfan Pro Bowl Player

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    #75 Jersey

    Are you that stupid that you think that Obama is causing stock market changes? You can't be. Tell me you're not.
     
  7. FreeTedWilliams

    FreeTedWilliams pfadmins PatsFans.com Supporter

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    #75 Jersey

    The two worst days are his election and his inauguaration, and it has nothing to do with him, are you serious??

    Obama has basically pledged to turn this country towards socialism, he is going to tax the productive and give that money to the unproductive, he has already stated that he is not going to "care" about the deficiet (meaning let it continue to grow), he is going to bankrupt many business with "cardcheck", and he is going to impose many more new taxes, and THAT IS WHY THE STOCK MARKET IS TANKING.
     
  8. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Do Republicans measure everything by the stock market? Perhaps that's their problem. While the market is certainly important and a healthy market is a good thing, even more important are jobs, job security, health care, education, security, and so on.

    The market will be a beneficiary of liberal programs, if Obama implements them. If he invests substantial US tax dollars in alternative energy, education, health care, infrastructure, etc., we will see new industries develop and the market will grow. The big worry for conservatives is that Democratic policies may not aid old industries as much as they aid new industries.

    But, the fact that the market has tanked another 300 points after tanking 3000 or more points under Bush is rather meaningless to those people who lost their jobs, are without health care, lost their homes, or suffered in other ways under the Republican policies of the last 8 years.
     
  9. FreeTedWilliams

    FreeTedWilliams pfadmins PatsFans.com Supporter

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    #75 Jersey

    Here in is the problem, the market, left to itself will correct itself and the private economy will grow and create jobs. What is happening is liberal interferences in that economy have caused unnatural highs and now lows. The banking collapse is the fault of the liberals in Congress, as is the housing collapse, and now Obama is going to use these things to forward his socialist agenda.

    Dick Morris has an article on what will happen, and it is very scary...

    Dick Morris and Eileen McGann : The Obama Presidency: Here Comes Socialis - Townhall.com

    basically the Democrats plans are to cut the country in half, move the number of people who pay no taxes up from its current 30% to 50% and move towards socialism. This is why the stock market is tanking, because the people who he is going to tax are panicing.
     
    Last edited: Jan 21, 2009
  10. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    The stock market is a leading indicator and it's tank job the past few months is at least in part a reaction to Obama being the favorite to become President, then being elected then being inaugurated. All the other stuff (jobs, etc) is predicted by the stock market. It's not always correct, of course, but the drop since the rise of Obama is the best guess that things will suck with him.
     
  11. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    The last time the market was left to itself was under Hoover. Under Reagan and Bush, there was deregulation, but the government incurred huge deficits, which resulted, of course, in the market going up. If Obama spends like he says, there is every reason to believe the market will climb. But, leaving the market deregulated is what created the current economic crisis because all these bizarre investment types were developed that resulted in a house cards once the market took a serious hit.

    Learn to take responsibility. The fact is the Republicans controlled both houses of Congress and the White House and, while the Democrats blocked a couple of bills, many others (introduced by both Dems and Republicans) were never allowed to get to the floor by the Republican leadership. The banking collapse is fault of deregulation, which allowed the investment community to engage in fraud and incompetence without any oversight. Although Carter started deregulation, you can really credit Reagan with the laying the foundation that allowed for massive Wall Street corruption or incompetence.

    That's a myth. The market left to itself runs amok as the current situation shows. The fact is that both Bush and Reagan deficit spent at a massive pace and, even more so than Clinton, deregulated the market. That's what cause the current situation.

    The stock market tanked under Bush and the Republicans despite the fact that they had 5 years to change the way things worked. Again, FTW, take personal responsibility for a set of beliefs that failed to, at the very least, correct Democratic mistakes, and in my opinion, failed because it was based on blindly trusting Wall Street.

    The market fell from 14,000 to 8,000 under the Republican policies. Today it is up 150 points so far, but one cannot determine a trend based on 2 days. My guess is that once Obama starts to spend on social programs, the market will climb.
     
  12. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    WTF ???

    It GOT to 14K under Republicans. You can make a decent argument that at least part of the drop since then is the realization that Democrats would control everything was coming. I'd be a fool to say that is THE reason but you'd be a fool to say it wasn't a part of it.
     
  13. tedylb

    tedylb Third String But Playing on Special Teams

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    Sounds like you're praying for an Obama failure. How did the market do under Bubba's reign?
    The deficit? Unemployment? Business failures? Banks and financial firms? The dollar?
     
  14. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    To some extent it will but not because of spending but because Obama has been priced in already and at some point investors will just have to jump back in anyway. Any rise will not be because of Obama spending on social programs, that I can guarantee you.
     
  15. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    Read what you want into it, I can't stop you from being clueless.
     
  16. Turk

    Turk Rotational Player and Threatening Starter's Job

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    You must have just started your 401k, last week, because mine has been taking one direct hit after another, long before Obama's name was in the news as a candidate for President.

    Therefor, using your logic, since it was during Bush's presidency that we saw our savings and home values evaporate, then it is reason for *******ing about Bush.
     
  17. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Deficit spending always pushes up the market -- as we saw under both Bush and Reagan. But, they did not invest in industries that would shore up our economy in the long term. If Obama spends on health care, education, and alternative energy, it will allow people to make long term investments that will ultimately help stabilize our economy. In addition, investing in social programs should lead to more spending, which is good for the stock market.
     
  18. PatsFanInVa

    PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    FTW, there is only one word for this one:

    [​IMG]

    This is even stupider than the "ooo oooo I saw a youtube about the CRA" faux analysis so au courrant among the partisan extremists in here.

    They mentioned his name and it caused the stock market to crash?

    Even you must realize this is an idiotic argument. Please note that I do not necessarily call you an idiot or incapable of rational thought. This is simply an idiotic argument, made by a no-doubt much more worthy, much more intelligent poster than the argument would suggest.

    You're expected to come into Econ 101 or Polysci 101 with enough sense not to say "this headline caused this fundamental shift in the economy."

    Epic. Freakin. Fail.

    PFnV
     
    Last edited: Jan 21, 2009
  19. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    That's just silly. Obama won Iowa on January 3 2008. On 1/3 the DJ was at 13K, down from the high of 14K but still pretty good. It dropped 250 the next day, when Obama became the (D) favorite and has done nothing but drop since. Is it because of Obama ? Almost certainly partially, almost certainly not entirely. But to say that it doesn't coincide with Obama's rise is silly - and false.
     
  20. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    I have something to B1TCH about, the American MTV Racists and Loons among us (and there are many) just elected a man to be President Of The USA, they gave him the Most Powerful Job in the world simply because of what he looks like and the whole world knows it but it is spoken of in hushed tones.
    If Barack Hussein Obama didn't look as appealing as he does to the Racists and the MTV Liberal
    (do-gooders) he would never have gotten out of Chicago he would still be hanging around with that other Democrat, Bloogiewhich.
     
    Last edited: Jan 21, 2009

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