hoooray stockmarket plumet and QE3

[Blown88GT]

thank you great leaders for your wisdom guiding our country!! :celebrate

[Drunko McMoppo]

I just lost a fortune on BP. Looks like I'll be holding onto it for another 6 months.

[konastang5.0]

trickle down economics.

[Drunko McMoppo]

trickle down economics.

Would be the exact opposite of what Obama is doing.

[Fernanernie]

Would be the exact opposite of what Obama is doing.

Fuck up Economics is what he is doing

[68GTO]

trickle down economics.

This is HAMMER DOWN economics. What you are witnessing, right before your eyes, is the absolute, abject failure of understanding of economics (or absolute understanding and the desired outcome is upon us) and the failure of Obamanomics.

Many criticize Reagan's approach, demonizing it as trickle down or Reaganomics. At this time in his first term, after the HORRENDOUS economic and political decisions of Jimmy the Carter, Reagan had turned this US economy from a recession into a BOOM. That boom lasted for nearly 20 years and created tens of millions of jobs. what Obama has done, in just under three-short years, is decimate the middle class, over regulate and grow government, while simultaneously maintaining the highest unemployment rate since the Great Depression. No small fete, I might add.

Reagan did, literally, the OPPOSITE of what this Obama is doing. In policy, in cabinet appointments, in his advisors to his projecting of US as a great place to do business. There is likely no better contrast than what these two have done. One was a statesman, the other acts like a King.

Obama, if he does not completely destroy this country, will end up making Jimmy Carter look like a relatively successful President.

[Turbohwagon]

So how bad was the drop?

[STROOSS]

This is HAMMER DOWN economics. What you are witnessing, right before your eyes, is the absolute, abject failure of understanding of economics (or absolute understanding and the desired outcome is upon us) and the failure of Obamanomics.

Many criticize Reagan's approach, demonizing it as trickle down or Reaganomics. At this time in his first term, after the HORRENDOUS economic and political decisions of Jimmy the Carter, Reagan had turned this US economy from a recession into a BOOM. That boom lasted for nearly 20 years and created tens of millions of jobs. what Obama has done, in just under three-short years, is decimate the middle class, over regulate and grow government, while simultaneously maintaining the highest unemployment rate since the Great Depression. No small fete, I might add.

Reagan did, literally, the OPPOSITE of what this Obama is doing. In policy, in cabinet appointments, in his advisors to his projecting of US as a great place to do business. There is likely no better contrast than what these two have done. One was a statesman, the other acts like a King.

Obama, if he does not completely destroy this country, will end up making Jimmy Carter look like a relatively successful President.

Agreed. It amazes me that even though the economy is failing, the current administration thinks it's a good idea to continue to spend and increase taxes. You can take just about any Economics text book, and these are the exact opposite steps you would take to boost a weak economy.

[68GTO]

So how bad was the drop?

512 points. the 9th straight drop in the market. This is not a small deal... Today alone, the stock market lost 5% of its value. What is the President doing? Having a BBQ at the White House to celebrate his birthday and to plan more fundraisers...

bye bye failed president...

[Blown88GT]

Agreed. It amazes me that even though the economy is failing, the current administration thinks it's a good idea to continue to spend and increase taxes. You can take just about any Economics text book, and these are the exact opposite steps you would take to boost a weak economy.

well the governing body would actually have to read a text book.. or maybe a bill before they pass it....

[NOTNSS]

512 points. the 9th straight drop in the market. This is not a small deal... Today alone, the stock market lost 5% of its value. What is the President doing? Having a BBQ at the White House to celebrate his birthday and to plan more fundraisers...

bye bye failed president...

Negative, the market went up a small amount yesterday

[NOTNSS]

I blame the Fed.

[Max Power]

This is HAMMER DOWN economics. What you are witnessing, right before your eyes, is the absolute, abject failure of understanding of economics (or absolute understanding and the desired outcome is upon us) and the failure of Obamanomics.

Many criticize Reagan's approach, demonizing it as trickle down or Reaganomics. At this time in his first term, after the HORRENDOUS economic and political decisions of Jimmy the Carter, Reagan had turned this US economy from a recession into a BOOM. That boom lasted for nearly 20 years and created tens of millions of jobs. what Obama has done, in just under three-short years, is decimate the middle class, over regulate and grow government, while simultaneously maintaining the highest unemployment rate since the Great Depression. No small fete, I might add.

Reagan did, literally, the OPPOSITE of what this Obama is doing. In policy, in cabinet appointments, in his advisors to his projecting of US as a great place to do business. There is likely no better contrast than what these two have done. One was a statesman, the other acts like a King.

Obama, if he does not completely destroy this country, will end up making Jimmy Carter look like a relatively successful President.

20 years of prosperity not counting the recession GW 41 had to deal with. But, the winners write history, right?

The financial news today said this drop was largely caused by uncertainty in foreign markets. Not a fan of our present policies, but we are in a global economy, after all.....if Greece goes bankrupt, it will effect us.

[68GTO]

I blame the Fed.

Would that make you a self-blamer?

[STROOSS]

well the governing body would actually have to read a text book.. or maybe a bill before they pass it....

Even though they may have read a textbook once, it was probably so long ago that personal agendas and back door agreements have long since overshadowed sound knowledge.