http://online.wsj.com/article/SB12360441...inion_main

Quote:As 2009 opened, three weeks before Barack Obama took office, the Dow Jones Industrial Average closed at 9034 on January 2, its highest level since the autumn panic. Yesterday the Dow fell another 4.24% to 6763, for an overall decline of 25% in two months and to its lowest level since 1997. The dismaying message here is that President Obama's policies have become part of the economy's problem.

Americans have welcomed the Obama era in the same spirit of hope the President campaigned on. But after five weeks in office, it's become clear that Mr. Obama's policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery. From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence -- and thus a longer period of recession or subpar growth.

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So what has happened in the last two months? The economy has received no great new outside shock. Exchange rates and other prices have been stable, and there are no security crises of note. The reality of a sharp recession has been known and built into stock prices since last year’s fourth quarter.

What is new is the unveiling of Mr. Obama's agenda and his approach to governance. Every new President has a finite stock of capital -- financial and political -- to deploy, and amid recession Mr. Obama has more than most. But one negative revelation has been the way he has chosen to spend his scarce resources on income transfers rather than growth promotion. Most of his "stimulus" spending was devoted to social programs, rather than public works, and nearly all of the tax cuts were devoted to income maintenance rather than to improving incentives to work or invest.

His Treasury has been making a similar mistake with its financial bailout plans. The banking system needs to work through its losses, and one necessary use of public capital is to assist in burning down those bad assets as fast as possible. Yet most of Team Obama's ministrations so far have gone toward triage and life support, rather than repair and recovery.

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Listening to Mr. Obama and his chief of staff, Rahm Emanuel, on the weekend, we couldn't help but wonder if they appreciate any of this. They seem preoccupied with going to the barricades against Republicans who wield little power, or picking a fight with Rush Limbaugh, as if this is the kind of economic leadership Americans want.

Perhaps they're reading the polls and figure they have two or three years before voters stop blaming Republicans and Mr. Bush for the economy. Even if that's right in the long run, in the meantime their assault on business and investors is delaying a recovery and ensuring that the expansion will be weaker than it should be when it finally does arrive.

my emphasis on the link to Spin Room post, blaming the talkshow host boogey man

Democrat Jim Cramer(though not a Socialist):



“This is the greatest wealth destruction I’ve seen by a president.”



meanwhile, from the Whitehouse: "Hey look, is that Rush Limbaugh over there"

I like Jim Cramer. He gets his point across without being an ass, i.e. Rush. But yeah, if something isn't done for the stock market we can bet on a long recession.

Obama could very well destroy the Democrat party. He is, IMO, a Socialist. There are many Demorat capitalists out there that are thinking, WinTF!

(03-03-2009 07:51 PM)nomad2u2001 Wrote:  I like Jim Cramer. He gets his point across without being an ass,

I thought his whole schtick was being an ass.

I love Cramer................. he doesn't come across as overtly partisan. Hopefully they get this bank thing straightened out and I become a very very rich man. Look at FITB, HBAN, BAC, and KEY. I own all of them boys. You guys can get in on the basement and we can all retire fat rich and happy.

(03-03-2009 11:18 PM)Machiavelli Wrote:  You guys can get in on the basement and we can all retire fat rich and happy.

0 is the basement, Mach. I'm not sure you fully understand the effects of Barack's policies.

No way all 4 of the above go to zero. Right now there is a giant for sale sign on the above 4. I have at least a 1000 shares of each. This will pay off big in a couple of years. That's the plan at least.................

To paraphrase the govenator from Kale' fourhnia. You can't be an economic girly mahn.

(03-03-2009 11:25 PM)Machiavelli Wrote:  No way all 4 of the above go to zero. Right now there is a giant for sale sign on the above 4. I have at least a 1000 shares of each. This will pay off big in a couple of years. That's the plan at least.................

yeah, that's why it keeps dropping, right? Because shares are low and there for the taking? Really?

You may be an investor, but you know jack **** about the market. People aren't going to buy even when it's at 2K when they know it can drop to 0.....and the President isn't inspiring growth.....which Obama ISN'T.

Buy when others are fearful..... sell when others are greedy.................. we'll see limp dick we'll see.

Then buy now. Hell it's low. Invest your entire savings on it. Do it. Seriously. Don't be a *****, throw ALL of your money into it. Don't give us any excuses, DO IT.

I however, will NOT, fuqstick. I've already lost 80 grand because of professor dipsh1t.

BTW, I pulled everything out, EVERYTHING, yesterday. I'll invest in Dinars, Gold, what-the-**** ever, but it won't be the American market under an Obama administration.

(03-03-2009 11:09 PM)DrTorch Wrote:  

(03-03-2009 07:51 PM)nomad2u2001 Wrote:  I like Jim Cramer. He gets his point across without being an ass,

I thought his whole schtick was being an ass.

Not to mention he's mostly wrong.

(03-03-2009 11:38 PM)Rebel Wrote:  BTW, I pulled everything out, EVERYTHING, yesterday. I'll invest in Dinars, Gold, what-the-**** ever, but it won't be the American market under an Obama administration.

might i suggest investing in some clandestine alcohol making equipment?

(03-04-2009 01:52 AM)Tulsaman Wrote:  

(03-03-2009 11:38 PM)Rebel Wrote:  BTW, I pulled everything out, EVERYTHING, yesterday. I'll invest in Dinars, Gold, what-the-**** ever, but it won't be the American market under an Obama administration.

might i suggest investing in some clandestine alcohol making equipment?

Yes...Booze will be valuable when everything else is worthless.

just wait for Obama to schedule a conference to speak on the Economy, shortly before Sell the Market Short.

Guaranteed to make money under this strategy.

(03-03-2009 09:20 PM)Rebel Wrote:  Obama could very well destroy the Democrat party. He is, IMO, a Socialist. There are many Demorat capitalists out there that are thinking, WinTF!

He is more than a Socialist, he is a Communists.

Sam Web, head of the Communist party of the United States supports ObamaMessiahCommunist's vision of America. Read here his speech “Off and Running: Opportunity of a Lifetime” It will make you sick to think that the Communist Party of the United States embraces Obama’s plan for The United States.


http://www.politicalaffairs.net/article/...view/8085/

T o T he T op

ttt

If you guys listened to me from this date. You would of doubled your MONEY!!!!!!!!!!!!!!!!!!!!!

Buy when others are fearful... sell when they are greedy.......

I'm selling today. Will buy back maybe even today................. BAC at 7