funniest thread of the day. This Splum is a fucking moron. Who didn't see shit like this coming though? We all knew that Obama was going to get a month MAX before wacko's started blaming him for their miserable lives.

You pathetic fuck. Stop crying.

And Obama just fucked you, your children and this country for a long time in less than a month on the job. Obama HAS changed the world, for the worst.

In fairness to Obama, the process was well underway before he got elected. With that said, I predict that there will be HYPERINFLATION due to the "stimulus" and other "fixes" his administration has passed/will pass. Not to mention the challenges posed by Medicare and Social Security.

That's when the PAIN will start. Inflation sky high. Prices sky high. Income low. Growth low. Due to the numbers involved, the coming FUCKED scenario will make the dark Jimmy Carter days look like fucking Camelot! :1orglaugh

On the bright side (if it can be called that), universal healthcare will come to America.

The Republican/Democrat bullshit is for simpletons. Get some opinions of your own guys.

Charity was very nice too.

And seriously, it doesn't matter if God was in charge of this country, it can't be fixed. It was a phantom economy based on selling $10 for $12 to someone who then sells it for $15 and so on. The country didn't produce anything tangible over the last couple decades. Our biggest industries were banking, investment, and insurance.

No one can fix this, not Bush not Obama not McCain. It'll take massive deleveraging of our economy over the coming years to get us back to where we should have been.

Hey dipshit, before you call someone uneducated, maybe you should learn to read.

The thread title is about a drop in an index of 30 stocks. Thread starter seems to think that this indicator means the President is doing a bad job.

I was responding to that, and my response was spot on.

Also, again you need to work on your reading and reading comprehension, because the word "republican" was nowhere in my previous post. I did use the term "right wing idiot" to describe the likes of Rush Limbaugh and the thread starter, and I also used the terms "free market is god crowd" and "supply side economics" to describe all of the people in Washington in the past 30 years who were bought and paid for by big corporations (including Bill Clinton) and who devised policies/laws/regulations/lax oversight that allowed corporations, their CEO's, and the people who made money selling their equity and debt rich in ways that King Solomon could never have dreamed of.

So go fuck yourself. :321GFY

awesome....

fiddy falling skys

That is what Rush told them to do so they must obey.

Yup, Obama inherited a fucked world economy and a whole bunch of people as stupid as Splum to take care of.

Be lucky Barack...

How bout then you just leave?

Seriously, go away. No one wants to hear what you have to say anyway. Just go sit in a corner and wait for the world to end.

In the meantime, the rest of us have things to accomplish.

Actually this all has Nothing to do with Obama yet. Give the dude sometime to see if his Ideas work or not. But it's obvious the last presidents did not.:2 cents:

:2 cents:

Bush and Obama are equally bad and equally uninterested of the welfare of the populus.

If McCain got the Presidency. We'd be saying the same shit... Only it'd be December, 2008 and not March, 2009... And then the Dems would get the last laugh because they could rightfully say you got us into this mess and now you have us swimming in it for 4 fucking years!

Name 1 Democrat policy that got us into this mess!

I can name 1 Republican one that got us here: De-Regulation!

And I can name a Republican ideal that got us here: A sucker is born every minute. Here is another one: Take what you can get and don't care about others well being.

People are losing their homes because Republicans don't give a shit about anything except for themselves.... Capitalist ideals at their finest. Unfortunately when that happens you end up with a nation in shambles.

Quoted for truth...

I wish people would see that Democrats are just as guilty as Republicans, and it's just more of the same with different branding

There is plenty of blame on both sides of the aisle for getting us into this mess. That is not the current issue however. The current issue is Obama's disastrous, wasteful spending spree which is a perfect recipe for stagflation.

In a couple of years as the deficits balloon to almost unimaginable amounts, interest rates will need to rise to attract more buyers for treasury bonds to fund the massive deficits (already the Chinese are balking). At the same time the value of the Dollar will fall and inflation will increase as the money supply increases.

These are same mistakes made in the 70's which led to stagflation. We have managed to elect Jimmy Carter all over again. It is going to be a long 4 years.

sorry your party screamed for deregulation this is where it got us and now its everyone's fault.

I think stagflation is more an issue with fixing the banks. If the banks can get back to normal it will fix some of the unemployment issues.

I'd also point out that while we're seeing some higher inflation numbers, it's nowhere remotely close to what we saw under Carter. The Fed and the Treasury have handled this economic crisis much better than it was handled back then and I don't think it's going to be as much a factor.

This crisis has nothing to do with deregulation and everything to do with Chris Dodd and Barney Frank forcing lenders to make bad loans or face lawsuits for racial discrimination and then allowing Freddie and Fanny to buy the bad loans at the same time fighting any efforts to place lending limits on Fannie or Freddie.

I challenge you to explain what deregulation has to do with any of this.

Even if you were right what does that have to do with Obama's insane deficit spending spree? Mistakes made in the past do not justify bad polices toady.

yeah chris dodd and barney frank thats too funny. Phil Gramm he fucked this country and for doing such a good job he got vice chairman of a fucking bank. only 3 out of 10 subprime loans fall under CRA.

Inflation is under control now but most of the proposed spending has not yet occurred. Once Obama's huge spending plans kick in then spiraling deficits, rising interest rates, and hyperinflation are a near certainty. :disgust

The forced loans weren't the problem. Only 1 of the top 25 subprime lenders in this country were under the CRA umbrella. The subprime problems came from financial companies that weren't treated as banks and thus not forced to lend to anyone. The CRA thing was just a debunked talking point put out to blame the mess on poor blacks. It's laughed at by just about every economist and financial analyst.

I would like you to explain what Phil Gramm did that has led to the current crisis. Try being specific. A trip to the Huffington Post for research may help you a little. At least get your propaganda straight.

Perhaps Bob Rubin is to blame for being the main force behind pushing Citibank into its sub-prime loans strategy? Or is that also Phil Gramm's fault? Do I need to go to HuffPo and copy and paste your response for you? :1orglaugh

They've stated that they've already factored in future inflation into the equation. They've accepted that it's a necessary evil to get us out of the recession. The question is whether they can control that inflation and bring it back to normal. Inflation is much easier to control than the other problems facing the country though.

Regardless of the amount of subprime loans under the CRA do you deny that Frank and Dodd blocked legislation to place lending limits on Freddie and Fannie while at the same time receiving campaign cash and sweetheart loans from Countrywide Financial?

the economy has to stop relying on the stock market as an indicator. Its just plain dumb. Its based on fear, rumours and following the heard. Much like lemmings. These guys screw themselves over time and time again by selling out when they get scared.

I take comfort in the fact that all the republitards can do at this point is bitch, because they have absolutely no power whatsoever.
They can't even sustain a filibuster realistically. Too many republican Senators from blue/purple states up for re-election in 2010.....and Obama is incredibly popular (68%)

I take comfort in knowing that for at least 10 years, but if they don't fuck it up then for probably 30 years, progressives will dominate all branches of the government.
We may get a republican president in there somewhere, but he'll be about as much of a republican as Bill Clinton was a democrat.

It's about time we caught up to Western Europe anyways.

The country you live in will be broke and powerless at best and you dont want to even think about the worst case scenario. Dont worry you wont last long in the lawlessness that will become the USA. Take comfort in that.

This is true. The market has called "bullshit" on everything this administration has come up with. Obama has done absolutely nothing to instill confidence and he came into power with a large surplus of "hope". While we can not blame him for the problems we can point the finger at him for how things have been handled so far.

I wish he would shit can Tim Geitner and bring in someone like Volcker. It would at least stabilize the markets some...

Even if I was willing to accept every single left wing talking point about the origins of the problem I will never agree that massive deficit spending and a huge increase in the size of government is the answer. Trying to re-inflate the credit bubble through massive government spending increases is a suicidally stupid path.

Obama is using the crisis to push through a massive expansion of government spending and programs at the worst possible time. It is criminally irresponsible. Fiscal discipline is the answer.

These "guys" are losing millions of dollars there is a "reason" they are scared. It isnt just the stock market. Economic growth declined 6% last quarter (6 fucking percent dude), unemployment in some states (michigan for instance) is OVER 10%, dude open your fucking eyes. The greatest depression is barely underway and all you people can say is oh its just fear tactics. This is real shit dude, this is no fucking joke, when 50% of American wealth has been wiped thats a HUGE problem for everyone.

No I don't, but I still don't completely blame it on them. It's the fault of bad businessmen, dumb borrowers, and greedy investors. The fault of many Americans who didn't realize that their home doubling in price every 5 years wasn't normal. No one held a gun to Fannie Mae's head and told them to leverage themselves too much. No one held a gun to the guy making $30k a year and told him to take out a $500k mortgage.

People were stupid to think they can rely on an imaginary system of losses and gains to support their retirement or college funds. Its definitely a problem and very sad that so many were duped into believing such a system could never go through whats its doing now.

My portfolio dropped 30% in the last two weeks... hate to dump stock at this much of a loss :(

Again more stupid partisan rants. You are insulting your own intelligence with posts like this :2 cents:

How do we need to catch up with Western Europe?

What stocks do you have?