The Obamma recession is HERE!

Grantbo

Membership Revoked
Today, only one day after obamma gets elected the dow dropped nearly 500 points. It's clear that the traders don't have very high hopes that he can get/or lead the country out of its current financial problems. The recession of obammas may soon lead this country into a depression if he implements any of his socialist policies, so get ready.

Oh ya, we are clearly in an obamma recession. You may say no, it's Bush's fault. Think back to when Bush became president in 2001 and the recession he got from Clinton; well the dirty liberals blamed it all on Bush. So, it's only fair and fitting to blame our current problems all on obamma.
 

Ravekid

Veteran Member
Today, only one day after obamma gets elected the dow dropped nearly 500 points. It's clear that the traders don't have very high hopes that he can get/or lead the country out of its current financial problems. The recession of obammas may soon lead this country into a depression if he implements any of his socialist policies, so get ready.

Oh ya, we are clearly in an obamma recession. You may say no, it's Bush's fault. Think back to when Bush became president in 2001 and the recession he got from Clinton; well the dirty liberals blamed it all on Bush. So, it's only fair and fitting to blame our current problems all on obamma.

I am torn between selling 12/31/2008 or waiting and continuing to sell options on Walmart stock. Obamanation's forced unionization bill could ruin Walmart (and other companies) stock price. Not only that, if I am faced with higher capital gains taxes, then selling options might not even be worth it anymore. Might be better to avoid the gains tax increase that is coming by selling at the end of the year and avoid the gains taxes for options by investing the money in a CD instead.
 

gelatinous

Eyes WIDE Open
Oh ya, we are clearly in an obamma recession. You may say no, it's Bush's fault. Think back to when Bush became president in 2001 and the recession he got from Clinton; well the dirty liberals blamed it all on Bush. So, it's only fair and fitting to blame our current problems all on obamma.

I'm with ya on this Grantbo. This is only the beginning of an Obama recession. Companies will be making a beeline straight out of the country for labor due to this nutjob's "I've never met a tax hike I didn't like" policy.

Hope all the unions who supported this guy enjoy the fruits of their labors for a few more months. Because shortly they'll be on the unemployment line waiting for their first installment of "spreading the wealth around".
 

Kritter

The one and only...
Obama doesn't take office for another two months. It is still 'officially' a Bush recession..just like the last fourty times these past few months the dow took a downturn.
 

citybear

Inactive
now I KNOW...

Today, only one day after obamma gets elected the dow dropped nearly 500 points. It's clear that the traders don't have very high hopes that he can get/or lead the country out of its current financial problems. The recession of obammas may soon lead this country into a depression if he implements any of his socialist policies, so get ready.

Oh ya, we are clearly in an obamma recession. You may say no, it's Bush's fault. Think back to when Bush became president in 2001 and the recession he got from Clinton; well the dirty liberals blamed it all on Bush. So, it's only fair and fitting to blame our current problems all on obamma.

you're certifiably nuts Grantbo.

Bush didn't inherit a recession from Clinton, he inherited a HUGE budget surplus, which he quickly depleted by giving it back to his rich friends in big business and the oil industry. He also gave a small bit of back to the common folks so morons like you would believe they benefitted from it too.

When Clinton was in office, the National Debt clock in Times Square had been turned off because We stopped adding to it.

That was the beginning of it.

Then 9/11 happened. That kicked it into high gear.

Please also note that GWB was warned by Clinton that the terrorists were determined to strike here. He was ignored by King George.

Throughout my adult life, I have noticed that every time a Republican takes office after the boom times led by a democrat, the economy tanks. And it usually blamed on the democrat's "unsound financial poicies?" Why is that?

I'm sick of you stinking conservatives.

You've got at least 4 years of what I hope will finally be a good leader. I know that makes you sick because he's a dirty liberal. It would seem to me that by the landslide win Obama is enjoying that the people of the USA have woken up and decided conservatism sucks. George taught that lesson well, and hopefully we've seen the last of that ideology.

Suck it up and STFU.
 

BigBadBossyDog

Membership Revoked
Please also note that GWB was warned by Clinton that the terrorists were determined to strike here.

Then why didn't he accept the offer of Osama's head on a silver platter? Huh?

Clinton couldn't find his ass with both hands.
 

Hardpan

Senior Member
As soon as it was known that Obama was elected the markets reacted, they are anticipating his policies and are not liking them.

The markets don't care that Bush has a little time left, only what they precieve the future to hold for them.

Congratulations, we are slideing out of the pan into the fire now.
 

Red Baron

Paleo-Conservative
_______________
Not a Coincidence, Regardless of the Spin.

U.S. Stocks Post Biggest Post-Election Drop on Economic Concern

Nov. 5 (Bloomberg) -- The stock market posted its biggest plunge following a presidential election as reports on jobs and service industries stoked concern the economy will worsen even as President-elect Barack Obama tries to stimulate growth.

Citigroup Inc. tumbled 14 percent and Bank of America Corp. lost 11 percent as the Standard & Poor's 500 Index and Dow Jones Industrial Average sank more than 5 percent. Nucor Corp., the largest U.S.-based steel producer, slid 10 percent after bigger rival ArcelorMittal doubled production cuts amid slowing demand. Boeing Co., the world's second-largest commercial planemaker, lost 6.9 percent after UBS AG forecast a 3 percent drop in global air traffic next year.

``We had an election yesterday; that doesn't mean the problems go away,'' said Kevin Rendino, a Plainsboro, New Jersey- based money manager at BlackRock Inc. who oversees $10 billion. ``We still have an economic slowdown.''

More,

http://www.bloomberg.com/apps/news?pid=20601103&sid=ahxDxARQcLBc&refer=news
 

SarahLynn

Veteran Member
No, they'll still find a way to blame Bush.
Liberals are still blaming Mike Harris, former Premier of Ontario back in the mid 1990's, for Ontario's troubles today. Now mind you, this after 12 YEARS of the Liberals under Daltoon McGuinty.

So never underestimate the power of the press to blame conservatives...
even long after everyone's forgotten their name! :eleph:
 

edicWHUN

Contributing Member
This is edicwhun

Why even post a response? As a flaming fudge packing homosexual...

http://www.timebomb2000.com/vb/showthread.php?t=265557&highlight=grantbo

you clearly don't have the kind of thought processes as normal people. You're an abomination who's comments mean exactly squat.


Wow...I hadn't seen that thread Grantbo, thanks for linking that! You are a sad, angry person and I feel sorry for you. It sounds like you already are in "H-E-double toothpicks", but I suppose with your current outlook you probably believe that you already are. I hope things get better for you.
 

Conrad Nimikos

Who is Henry Bowman
Wow! A liberal is elected and the city bear crawls out from under his rock and tells the conservatives to STFU. Did the O man pass put some guts for his worshipers? Citybear? More like gutless whipper snapper.
 

cleobc

Veteran Member
DH, last night, told me of a several billion dollar coal fired power plant project that has just been canceled. If McCain had won, it would still be built. Hundreds or thousands of jobs building it, jobs running it, power for the populace, now nothing. And nothing to do with Bush policies, everything to do with Obama's threat to destroy a legal industry providing much-needed power.

Only the beginning. Many industries to feel the hand of Marxist controllers. That's why the stock market is dropping precipitously now.
 

Shacknasty Shagrat

Has No Life - Lives on TB
'Only the beginning. Many industries to feel the hand of Marxist controllers. That's why the stock market is dropping precipitously now.' cleobc

Exactly right.

'The recession of obammas may soon lead this country into a depression if he implements any of his socialist policies, so get ready.' Grantbo

We may get into a depression just due to the eccentric sissy Marxist policies of Mr. Obama. All the timing is bad. The weather, energy crisis, and financial bs are clearly the major impacts for a 2009 budget. In the l930s , the worst, lowest part arrived some 18 months after the stock market meltdown. It is helpful, though not optimistic, to follow the budget cycle. Most business and governments will budget Jan-Dec. So at this time(November) the Division/Department heads have, for the most part, submitted their wish lists to the budget committees(usually CEOs, CFOs, Board members). The budget committees will have waited until after the election to start to get the final recommendations put together. Now the decisions or choices are being made for 2009 and I suggest that it will be a tough year due to lack of investment(growing unemployment, lower tax revenue, lower profits), and the focus on business survival. The chaos of Mr. Obamas economic plans, like destroying the coal industry, will lead, in my opinion, to the budget committees pulling back and cutting spending and investment, irrespective of interest rates. This seems to be happening now. In the previous Great Depression, interest rates were 3%, but no own was able to borrow and no one wanted to lend. 2009 should be the first 12 months of an 18 month dive, just for these financial reasons.
Then the fun really starts.
SS
 

mbo

Membership Revoked
you're certifiably nuts Grantbo.

Bush didn't inherit a recession from Clinton, he inherited a HUGE budget surplus, which he quickly depleted by giving it back to his rich friends in big business and the oil industry. He also gave a small bit of back to the common folks so morons like you would believe they benefitted from it too.

When Clinton was in office, the National Debt clock in Times Square had been turned off because We stopped adding to it.

That was the beginning of it.

Then 9/11 happened. That kicked it into high gear.

Please also note that GWB was warned by Clinton that the terrorists were determined to strike here. He was ignored by King George.

Throughout my adult life, I have noticed that every time a Republican takes office after the boom times led by a democrat, the economy tanks. And it usually blamed on the democrat's "unsound financial poicies?" Why is that?

I'm sick of you stinking conservatives.

You've got at least 4 years of what I hope will finally be a good leader. I know that makes you sick because he's a dirty liberal. It would seem to me that by the landslide win Obama is enjoying that the people of the USA have woken up and decided conservatism sucks. George taught that lesson well, and hopefully we've seen the last of that ideology.

Suck it up and STFU.



Ah yes, the boom times under Carter (20% interest rates, double-digit unemployment, the good old days).


BTW, how much exercise do you get getting up off the couch to fetch the welfare check?

BTW, the deficit was zero'ed out under Clinton because the Republican Congress would not pass any of Clinton's spending proposals. Now THAT is the way Congress should work.

:groucho:

:dot5:
 

Ravekid

Veteran Member
Bush didn't inherit a recession from Clinton, he inherited a HUGE budget surplus, which he quickly depleted by giving it back to his rich friends in big business and the oil industry. He also gave a small bit of back to the common folks so morons like you would believe they benefitted from it too.

Give me a break. The vast majority of taxes coming in were from capital gains taxes from folks selling off dot com stocks at ridiculous highs. How did these stocks get this high? Simple, a new wave of entrepreneurs started internet based companies. They saw that the sitting president of the US could lie to the American public and get nothing more than a slap on the hand. If the president himself could lie in a court of law, then cooking the books of a company isn't _that_ bad. Eventually that house of cards collapsed, and government ended up with much less capital gains taxes.

Please also note that GWB was warned by Clinton that the terrorists were determined to strike here. He was ignored by King George.

Yea. Clinton obviously knew so much, is that why he launched like fifty or so missiles from ships miles away?

Throughout my adult life, I have noticed that every time a Republican takes office after the boom times led by a democrat, the economy tanks. And it usually blamed on the democrat's "unsound financial poicies?" Why is that?

Democrats do not have the same "moral compass" as Republicans. When Democrats are running the show, there is a sense that hedonism and debauchery is OK. This is exactly why folks running these tech companies had no moral problem with lying about their accounting. The most powerful person in the world, at least this nation, lies under oath and half the country doesn't even bat an eye. Of course with magical accounting figures and soaring stock prices, government tax income is obviously going to go up, just a numbers thing. However, when Republicans get in, the people really do view older Republicans as their straight and narrow father with conservative and moral values.

You've got at least 4 years of what I hope will finally be a good leader. I know that makes you sick because he's a dirty liberal. It would seem to me that by the landslide win Obama is enjoying that the people of the USA have woken up and decided conservatism sucks. George taught that lesson well, and hopefully we've seen the last of that ideology.

Suck it up and STFU.

:lol::lol:

Now we can't verbally attack your messiah? How hypocritical of liberals, which is actually very typical of liberals. Dissidence will not be tolerated under The Obamanation Reich. Why are you here? If you have conservatism, you hating the entire idea of preparedness. Individual preparedness is about being conservative in your life, it is about not living to excess. It is about not wanting to have to rely on government to bail you out. It is also about letting the fools who didn't prepare meet whatever fate awaits them.

Something tells me that if we had a massive economic collapse, a few of the liberals here would turn into rats in a heartbeat. They would be down on their knees at The One's feet, telling them how they know of people who are not sharing the wealth.

Well, this is now _your_ country citybear. Since anyone is free to squat, that is exactly what I plan on doing. I plan on partaking in some of the sharing of your wealth. I plan on changing my % of consumer vs. producer and pushing it towards 100% consumerism as much as I possibly can. I plan on demanding massive taxation on household incomes of $80K or more, because I will never see that much money. Now I have come to the understanding that anyone who makes this kind of money is wealthy and they deserve to pay their fair share. Time to demand income tax hikes of at least 10% or more, so that I can live the good life on my measly salary of $65K/year. Oh, 53% isn't a landslide. Half the people of this country are going to stop being as good as producers as they are. Time for the Blue State folks to start paying their fair share and letting us sit around and next to nothing. We all understand that being highly productive is for fools. Let idiots work their asses off only to have more of their fruits taken from them. I will gladly take their fruits, that is the Obamination way, so there is no moral wrong in that.

We are having the last laugh. I imagine millions of charity dollars and volunteer work hours will now vanish. Our side now agrees with your side, these things are for the government, not private individuals. I just hope that when government now needs to step up, they don't have to constantly raise taxes to provide these new services. By the way, when is the government recycling truck going to stop by to pick up my bags of plastic? No way in hell I am spending the 25 cents in gas it costs me to drop them off at the center. When is the government truck going to stop by to pick up my gently used clothing? No way in hell I am dropping a dime in gas to run these things to Goodwill or the homeless shelter. If the truck doesn't arrive soon, I will just have to toss all this into the trash.
 

Ravekid

Veteran Member
U.S. Stocks Post Biggest Post-Election Drop on Economic Concern

Duh, look what is coming under Obamination:

A return to the fairness doctrine: That will kill radio media. Not only that, the lawsuits will fly and in all fairness, the doctrine should apply to _all_ public regulated mediums, so could see ABC, NBC, etc. be forced to play by the same rules. This would destroy the revenue stream of lots of media companies, meaning their stock would drop.

Capital gains taxes: Obamination continues to change the income level at which they will raise taxes. First it was $250K, then $200K, then $150K, so at this rate, it is likely that capital gains taxes will be taxed at a much higher rate regardless of income level. If your going to have to pay an additional 10% plus of your reward, it will no longer be worth the risk. I myself am debating getting out of the market for fear of Obamination stealing more of my gains. Why should I risk my money in stock when I can just put it in a CD which are paying up to 5% and also will have a lower tax.

Obamination plans to bankrupt the coal industry. If he doesn't supply enough electricity via alternative methods, we could see a period where rolling blackouts are the norm. Kiss the coal industry good-bye. Since Obamination fears the atom, kiss the nuclear energy good-bye as well.

There is a lot more about Obamination that we don't know about. A similar politician, Huge Chavez, used force to take over oil and just recently took control of gold mines that were held in private hands. Won't surprise me if Obamination does something similar.
 

Trivium Pursuit

Has No Life - Lives on TB
Democrats do not have the same "moral compass" as Republicans. When Democrats are running the show, there is a sense that hedonism and debauchery is OK

My, My. Someone's been paying attention...
 

lectrickitty

Great Great Grandma!
Throughout my adult life, I have noticed that every time a Republican takes office after the boom times led by a democrat, the economy tanks. And it usually blamed on the democrat's "unsound financial poicies?" Why is that?
It takes several years for the economy to reflect policies of an administration. Just because Clinton was in office during a few good years doesn't mean he created those good years.

We are currently reaping the punishment from Clinton policies and from administrations prior to his. In another few years we'll start reaping the punishment of the Bush years. By then it will probably be worse, but then Obama will be blamed for it as he will be holding the office when times get worse.

We've had this historical circle going for many years. I wish we'd dump both the dems & the GOP. We need to put in a constitutionalist that would put us on the right path and end the yoyo years. Yep, it would be a tough time until it got straightened out, but eventually we would be off the roller coaster at least until people put the old yoyo's back in office.

Why can nobody see that the big 2 parties are 2 sides of the same coin? They are both going the same place, just using different roads to get there!
 
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