Friday, October 24, 2008

THE MARKET IS PANICKING...OVER A LOOMING OBAMA PRESIDENCY


The market is clearly panicking over a possible Obama Presidency. Though Obama is enjoying all the media hype of economic blues, feeding his rise in the polls, I fervently believe Wall Street and the market dislike the possibility of his possible Presidency. He is dangerous for the free market system and will indeed turn away investors and up and coming entrepreneurs who want to jump into the business world. The erratic up and down of the Dow says to me, "No thanks Barack O-Chavez" and I am not the only one who thinks so. Here is an article in the New York Post asserting the same thing...An Obama Panic? Yes there is a panic, and its a big Marxist one.

20 comments:

Sandi said...

My favorite comment this week was Greenspan saying he had no idea this would happen! I mean, why do we listen to these guys when none of them have a clue? And this morning I heard that historically the worse times for the market are in October. What the heck I like October! In the meantime, regardless of the reason, we all see our dollars melting away.

DB said...

Oh man, this is all Obama fear? Of course a conservative paper would say so! Do you expect them not to come to that conclusion?

Chuck said...

I'm with Sandi, I'm tired of hearing people that are supposed to be responsible for our economy say that don't know what to do. Harry Reid said the same, Obama didn't have a clue. Although if you read the press, he solved the whole thing himself. Tyhe bottom line is we have people running our government who don't know what the Hell they're doing. Am I the only one scared?

It's Me said...

Palin just threw "W" under the bus and blamed the present American situation on him. :::sigh:::

Nikki said...

Sandi, that was pretty classic of Greenspan. At least he is admitting to making a mistake and not throwing the blame elsewhere...like americans love to do. I hope the cash flow eases for all of us. I know a lot of people feeling the pinch...or bear hug! :)N

DB, it must be a conservative paper, they are saying something negative about Obama which would mean it simply can not be true! ;)N

Chuck, I am tired of hearing the blame game too...let's hold the real culprits responsible, the banks, people living beyond their means, congress and of course Bill Clinton! HA! :)N

it's me, it is too bad she threw George under the bus, but what I try to remember is that Reagan had the same approval rating when he left office! :)N

DB said...

I'm not saying it is a conservative paper because it attacks Obama, rather it is a paper well-known for it's conservative slant including being owned by Murdoch and should be taken as such. Does this make everything I see on NYT about McCain true? Just saying consider the source. Do you honestly think the market is fluctuating like this because they think Obama is going to win? How then must we explain it becoming so volatile shortly after the Republican convention when McCain was up? This story is a stretch and defies logic.

Then again, this could just be you practicing your declared "blame game" of an Obama White House, liberal houses of Congress, and hopefully a liberal Supreme Court in the future! ;-)

Nikki said...

DB, I can only assume that the NYT's is a liberal paper because of its liberal slant and will take it with a rock salt of hardly any truth as well. I think the article puts forth a clear and concise argument supporting its claim. If you read the reasoning by the so called economic experts after each down turn or up turn in the stock market there are explanations to show what is going on and causing the fluctuation, this is true. However, to say that the market ignores Washington or its future residents, is pretty naive.
And the blame game will start in full force after November 4, please stay tuned and it is definitely NOT a game. It is going to be my new way of life and I am going to become as whiny as the worst shriveld up liberal. I say liberal because John McCain is the democrat and Obama is the liberal socialist. :)N

Coby said...

Hmmm... Seems to me that the Wall Street Crash Syndrome is not so much a panic as it is a symptom of a very nasty illness called Bushitis. I mean cmon seriously, what true conservative can be happy and proud of their candidates right now? Seriously Nik, McCain has been hated, and despised by the right for at least 2 decades now. W. crucified him, and Cindy in 2000. In an interview in 2000 Carl Rove depicted him an angry oaf that could not control his temper, in the same interview he question McCain's abillity to control his personal life as his wife was an addict. Now whether she was or wasn't isn't the issue. The Issue is how is it that all that has changed? Just another example of Political hypocracy. Notice I said POLITICAL not conservative. That beeing said I won't even comment on Sarah Palin. She honestly doesn't deserve a comment. I have never seen a laughing stock as big as her. She is such a fake it's uncongenable. If i were a conservative, and i am not, I would be pretty concerned right now. This one might get pretty ugly. A possible landslide is what I read today. Who knows America might vomit the last 8 years onto lil Johnny's lap.

DB said...

Actually Coby, now that I think about it, she is turning out to be the best thing that has ever happened to Obama! While I am a huge critic of hers, I am starting to see that she is only helping to rally the base and piss off conservative moderates and independents (and liberals) enough to rally against her. I just hope she becomes the party front runner in 2012 to ensure another four years of Obama, if he wins of course.

Nitegator said...

new here, The market is smart, people are smart, after hearing what he is stating, who wouldn't panic.

Khaki Elephant said...

DB, don't kid yourself, my friend. While the media tries to portray Palin as a "drag on the ticket," if not for her presence I'm sure Obama would have wrapped this up already . . . and it has become a dead heat again.

Everytime she is on TV the numbers go through the roof . . . and isn't any publicity good publicity? Her rallies pull in numbers equal to your messiah and she has not only ignited the base, but added new groups to its make-up (such as special needs families and younger men).

My Sarah could pull this one off after all. :-)

ba and the boys said...

i think mccain/sarah will pull out in front when all the votes have been counted. why-it all comes down to people who dont want anyone to know that they are a rasist. i think alot of place that seem to be polling at 50/50 will turn out to be 30/70 (for mccain) when it comes to really voting.
i hate to say america isnt 'grown up' enough to vote for someone who isnt white into the white house, but it is true.

EDGE said...

This will be an interesting 4 years, no doubt!

Coby said...

nitegator: LOL ya the market is real smart! Have you seen the losses over the past 2 weeeks? Lotsa brains there for sure! I believe the index is somewhere around 8900. Lots of progress over the last 8 years. It's lower today than when the asshole took office.

Mustang said...

I’m beginning to see bloggers announcing job cuts where they work. My daughter, who works in the pharmaceuticals industry, has received her “heads up” for layoffs after January. There is a trend to our market: ups outnumber downs. We are in a mild recession, of that there can be no doubt. It isn’t the end of the world — yet. Like Nikki, I wonder how much of this is either media or politically generated. Machiavelli instructed the Prince, when the people are grumbling, start a war [to unite them around your political objectives].

The science of economics tells us that markets correct. They react to policy, and in some cases anticipate like consequences of policy. We are dealing with an issue here well founded in the housing markets, and the error here was committed 30 years ago. Imagine selling people homes who could not afford them; offering them unlimited credit and encouraging more personal debt, rather than more personal savings. So we should expect some correction when a government policy is so badly flawed. The art of economics is the psychological impact of liberal use of such words as “failed economy,” or “massive sell off,” or even “stock market plunge.” These terms cause emotional, rather than intelligent responses. After all, when the market price of stock drops, by every bit you can at the lowest possible price. No one has lost any real money in their 401K accounts; in time, the value of stocks will return and the holders of these notes will feel good again.

It cannot help, however, to have this country’s employers — corporations — getting nervous about the prospect of a socialist administration and a socialist congress. Increased taxes and government regulations diminishes employment opportunities. Is this what voters really want? Are we that idiotic to be so worried about poisonous snakes that we’ll actually jump in to a pit full of them? And if we are . . . then I assume we’ll deserve all the change we actually end up with, and grow to detest; we’ll have no one to blame but ourselves.

Righty64 said...

Hell, I LOVE the photo! SO TRUE! What I want to know for the Kool-aid drinking Obamiacs is this. When The One rips off the mask of change, hope, togetherness and tries to impose a socialist economy on the United States, what will you do? What will you do when he comes after YOUR 401k account? Or takes away YOUR medical choices? And do NOT rail about the banking bailout/rescue. The One voted FOR it. We have seen sociailism and it does not work. Capitalism, an economic and not a political system, is not perfect but it is the only one that has the track record that it brings more people to prosperity than anything else tried. BTW Nikki, you are on fire once again-and spot on!

Coby said...

Righty 64, Seems to me that you have been drinking the yellow bush tainted kool aid for far too long. Who what and when are they going to take away my 401k? Oh and when exactly are we going to be overun by lunatic fringe socialists? You really need to wheen yourself off of pariahs like Limbaugh, and Hannity. Of course they glince at the hate game every chance they get don't they....Why is it that because an individual cares about the less fortunate that they are labeled socialists and marxists? My grandmother in her last years was a recipient of Government assistace, I guess the fact that she worked her entire life and paid taxes that she was a socialist or better yet a marxist. I know your answer will be standard waspy But rhetoric, but really.....Why are most republicans caucasian heartless bastards? I'll tell you why...Hiding behind the flag, and lusting for war is par for your course, Oh ya I am a war veteran that doesn't support your cause! war is good for your businesses. Gentrification was a elitist waspy notion that has been practiced for decades. Now it's time for your gentrification. Take it like a man or woman, stop belly aching....Your time is over. Get over it!

Righty64 said...

Wow Coby, I should be amazed at your analysis of me, but I am not. I'm sorry that you do not like facts. But I am going to give you some anyway. I am going to assume that your grandma was on social security. Well, of course she paid into it. She should have gotten it. Let me ask you this. Is it only caring about people the willingness of people to be heavily taxed to give to people that have not been productive people? I am talking about the people that had been on multi-generational welfare. Look, the more I type this, the more I realize that YOU have drinken the Obama Kool-aid of being a mindless, robotic "yes person" no matter what he says. As you think there is no hope for me, there is none for you.

Coby said...

righty64: As usual you right wing zealots always think your brighter than everyone else. For you to assume anything about my grandmother is presumptuous at best. She in fact was on Public Assistance or welfare as you call it. Her social security check for her years of toiling hard backbreaking work because of unscrupulous cheapskate anglo's that took advantage of her was a paltry 300 dollars per month. So yes she used YOURs and my Tax money to live out her final years. She was happy and content with the little that she had. No thanks to assholes like you that would take it away for your delight of the plight. You see Republicans are the "haves" of the
world. Most never had to struggle with day to day life in the poor lane. All they do is complain that they are footing the bill, which in most cases they do not. So please I do respect your opinion, but at the same time respect mine as well. I wish your candidate nothing but the best. See you at the polls! We will see which way America goes. For you to try to justify the last 8 years is ludicrous!

Righty64 said...

Wow, once again, YOU have no clue about me and what MY life has been like. Unlike you, I do not run around and whine about life. And no, I WILL NOT RESPECT you because you act like a spoiled brat. Before you shoot off your keypad, get a clue about those of us who try to get along in life without heading to the government for assistance. You are an ignorant person that, who can not get pass a profanity or two, that can not discuss ANY issues of consequence. While YOU are seeing your taxes raised under your god, Barack, do not come to us and whine. Talk about a zealot who thinks HE knows what he is talking about!