Did Obama Cause the Stock Slide? From Business Week

[Steadygain]

Steady,

I respect your opinion.....but are you serious that BHO wants to take this country out of endless debt?

BHO has proposed HUGE deficit spending with the current estimate at 1.75 trillion. That is about 4 times last years deficit. Also projected deficits are huge for the forseeable future.

It appears to me that between BHO and congress they are determined to spend us "taxpayers" rich. It just isn't going to work.

It appears that future generations will foot the bill for this spending binge.

Gumby,
Thank you so much for giving me a chance to make known my true feelings.

My response to CB - is exactly how I would have responded to my kids or to my closest friends. I do this not 'to say - this is my stand' - I do it to see 'WHERE DO YOU STAND' and why???

The TRUTH is I believe Obama is way to smooth to BE REAL. NO ONE can be that GOOD. So to answer your question - NO I AM NOT SERIOUS -

I BELIEVE OBAMA is WAY MORE AFTER WORLD DOMINATION - WORLD ACCEPTANCE - AND WORLD POPULARITY AND SUPPORT

at the Expense of the U.S.A.

Bet you're surprised - but that is the God's honest truth.

I simply think life is too short to waste on negative energy and I am powerless to do anything to change what is to be....

So now you know the truth about me and Obama... and as those who know me well... it's all in how you ask

sorry CB - didn't mean to ignore you ---- we were writting at the same time

 

[CountryBoy]

Steady,


I couldn't use your quotes or our ramblings would've had to be a 2 or 3 parter. :laugh:

Actually I just posted this article because it included some interesting information. Nothing more nothing less.

But, I beg to differ with BHO purposely causing the market to slide and if he did then he is a heartless bastard, because of all the grief and pain he is causing people that have had their life savings decimated or all those laid off from work that have exhausted their savings trying to make ends meet. With friends like that who needs enemies. I’ve been laid off, so I know how emotionally it can hit you, and your family.

Blaming this solely on Bush has gotten so tiring. People really need to look at the Community Reinvestment Act (CRA) started by Jimmy Carter and see how this program has morphed and brought us to this point. I’m not defending Bush, he’s as much to blame as anyone, but take a gander at the following You Tube, it’s all public record and you’ll get a couple of more of the main culprits who said everything was just fine. I always try to back up my comments with facts.

http://www.youtube.com/watch?v=cMnSp4qEXNM&NR=1


Yeah it’ll post 2X’s but then I’m a boob when it comes to doing stuff like this sometimes. If Bush/Paulson hadn’t started with TARP 1 and just let things run their course, we would probably already bottomed out. Yeah we would’ve felt a lot of pain, but now our kids and grandkids are going to feel the pain with all the money, we don’t have, has been pumped into the market.

I’m the type that I want the truth up front, bold and cold, and then I’ll deal with the fallout. As it is now, we still don’t know what games the Feds are playing and what they are hiding from us. People that need to be lied to, need to take the thumb out of their mouth and man up. Cause from my experience, when the lie is found out, that’s when there will be a lot of hell to pay. I don’t believe in supporting greed, stupidity or laziness, which is what has gotten us into this mess. Let'em fail.

Sure BHO walked into a bad situation, but Bush also walked into a rececession, not near this bad, but also 9/11 and we, The American people, pulled ourselves up by our bootstraps without the Feds turning into a nanny state and giving away money.

Yes this man voted no, now lets see if he will veto the earmarks and pork that is headed his way as he promised many times. And there is no use of rehashing a war that was brought to us on 9/11. We obviously disagree on this.

BHO passed the first stimulus bill without the public getting a look at it like as he promised, so I’m not sure how commited he is in making everything know to us.

Well he can stick it to the rich >$250,000, but I’ve never seen or had a job provided/created for me or others by a poor man. The is just class envy and will just result in higher unemployment, it has in the past, it was called a luxury tax then, when the rich were punished for being successful. All the rich did was cut back and the middle class who provide services ie yachts, landscaping, hotel and restaurant service people are just a few that got laid off then, when the rich just stopped spending.

It’s simple math that taxing the top 2% of the rich will not cover the bill, that all of us will pay taxes, whether it’s straight from our paychecks, ROTHs, 401K’s or other vehicles, but trust me, our taxes will go up and he hasn’t even mentioned how he’s going to save SS or medicare and our Kids will pay for it. Plus BHO’s first hire was Geithner, who was right there hand in hand with Paulson on TARP 1, so he’s got as much blame as anyone, if ya want to just pick out one name or so.

We just have different ideological beliefs and how this crisis should be handled and I don’t think we’re going to change each others minds. Though just the 2 of us sitting down could probably solve this mess.

Hey my friend, I’m not the least bit upset or bothered. The debate helped pass a slow period where I had to get away from coding a website and I was going blind writing/modifying the code. So I always enjoy a good debate when my mind is fresh. Now you catch me after I get home and I tend to be lazy and brain dead :laugh:, and because it’s family time then also.

This is what I try to tell my friends and family, that this has been building for decades and not just the fault of that evil Bush, who spent like a drunken Democrat, which turned me against him, since I’m a fiscal conservative. It's been building for a long time

Well that worked up an appetite. Enjoy your lunch.

CB

 

[Gumby]

OBAMA WANTS TO CUT THE U.S. DEBT IN HALF - His ultimate goal is to take this country out of endless debt The greatest of which by far was brought about by the Administration that immediately preceeded him. HE IS DETERMINED THAT FUTURE GENERATIONS WILL NOT HAVE TO PAY THE COST of our Generation's WASTE - and has made it clear that everyone of us will have to do our part.

Looking at things from this perspective - perhaps we could say that not only is Obama NOT responsible for the SLIDE - but he is doing everything possible to make things right.

Steady,

I respect your opinion.....but are you serious that BHO wants to take this country out of endless debt?

BHO has proposed HUGE deficit spending with the current estimate at 1.75 trillion. That is about 4 times last years deficit. Also projected deficits are huge for the forseeable future.

It appears to me that between BHO and congress they are determined to spend us "taxpayers" rich. It just isn't going to work.

It appears that future generations will foot the bill for this spending binge.

 

[nnuut]

yes

 

[Steadygain]

CB,
Please know that I do this kind of stuff with my closest friends, kids, and even my wife at times. So be complimented by this and don't be bothered.

When someone throws something out... I'm inclined to look from a different perspective - to see if maybe things aren't as they appear

SO LET'S GO WITH 'DID OBAMA CAUSE THE STOCK SLIDE'
First let me address this from the perspective that Obama is trying to make the Market Slide...

I personally see this as a very good thing because the quicker we take the Markets to the real bottom - the quicker we can build from the bottom and turn things around. Is it not possible that the biggest problem resulted from the Bush Administration's efforts to hide the Economic Disaster and frantically try to patch a leaking tire while the car was still running down the road?? Would we not have been a thousand times better off to have pulled the car off the road and made known the extent of our problems and largely let the Markets FALL in their natural course - than to vainly spend Trillions of dollars trying to patch the damage to 'hide the truth'

Perhaps the GREATEST PROBLEM is not the falling Markets - but rather the endless efforts to KEEP THEM FROM FALLING. So what is worse - to pretend the Economy is strong and spend Trillions in an effort to convince the general population of A LIE - or would have been better to make known THE TRUTH and dealth with things after the DAMAGE by using the same money to rebuild.

NOW - let's address the question from the perspective 'Did Obama cause the Markets to slide' - Here we need only to reflect on where the Economy was when he took office. There is no doubt that he walked into the worst economic situation in our history and when everything was essentially going to hell. SO - no we can not blame this one individual man. That man is about the only one who strongly voted NO - against a war that has cost the U.S.A. well over 6 Trillion dollars.

SO NOW LET'S SEE WHAT A LOT OF PEOPLE ARE REALLY MAD ABOUT.
Obama made it very clear that Budgets in the PAST have largely consisted of 'HIDDEN EXPENSES' - but NOT UNDER HIM - HE IS COMMITTED TO MAKING KNOWN to everyone what they are doing and where every dollar is going. Throughout the years many have gained tremendous wealth - secretly - and so THEY ARE MAD.

OBAMA MADE IT CLEAR THAT 'THE RICH' HAVE LARGELY BEEN SHELTERED FROM PAYING THEIR SHARE - that the U.S. Goverment has protected them and given them huge discounts.
They are mad - because Obama is determined that 'The Rich' are going to pay their fair share - and the 95% who have to struggle to survive are getting a break - by balancing the scales.

OBAMA WANTS TO CUT THE U.S. DEBT IN HALF - His ultimate goal is to take this country out of endless debt The greatest of which by far was brought about by the Administration that immediately preceeded him. HE IS DETERMINED THAT FUTURE GENERATIONS WILL NOT HAVE TO PAY THE COST of our Generation's WASTE - and has made it clear that everyone of us will have to do our part.

Looking at things from this perspective - perhaps we could say that not only is Obama NOT responsible for the SLIDE - but he is doing everything possible to make things right.

Again my friend - I'm not saying this to get you upset or bothered or even put you on the defense. This is exactly how I would have responded to one of my closest friends or one of my daughters if they had posed the question: 'Did Obama cause the Stock Slide'?

 

[CountryBoy]

http://www.businessweek.com/investo...chan=top+news_top+news+index+-+temp_top+story

Polls still show the President has strong popularity among the general U.S. population, and Obama continues to command power in Congress. But among investors, fairly or unfairly, there is griping that the new Obama Administration is at least partly to blame for the recent slide in stocks. Since Nov. 4, Election Day, the broad Standard & Poor's 500-stock index is off about 25%, and since Jan. 20, when Obama took office, the "500" is down 15%.

It's never easy to determine exactly why the stock market moves in a particular direction. Plenty of other factors have influenced stock prices since November. For example, the global economy has slowed further and the outlook for corporate profits has worsened.

.....

Surprised by "Leftism"
Professional investors tend to be more conservative, so it's perhaps no surprise they're concerned. "The basic agenda of Obama's Administration is going to be more leftist and less centrist than I had anticipated," says John Merrill, chief investment officer at Tanglewood Wealth Management in Houston.

The impact of Obama's proposals are easy to see in particular segments of the market. In a speech to Congress on Feb. 24, Obama pledged a "substantial down payment" on health-care reform. David Chalupnick, head of equities at First American Funds, points out that, since then, stocks in the Dow Jones U.S. Health Care Providers Index (IHF) are down 16%. Health-care stocks had been a relative safe haven in the market, because medical spending tends to hold up even in recessions.

Investors aren't just expressing their political beliefs that taxes and regulations are bad for the economy. They're also making a practical calculation that they will hurt corporate bottom lines in the future. "What you're doing is lowering the profitability of these firms," says Bill Larkin of Cabot Money Management.

CB