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February 24, 2009
HUSSEIN Obama Drives His Crisis Causing Stock Market to Fall to 1997 Levels
Obama:
I fell in to a burning ring of fire
It went down, down, down
And the flames went higher
And it burns, burns, burns
Major stock market indexes fall to 1997 levels
Monday February 23, 10:52 pm ET
Dow, S&P 500 fall to 1997 levels as sagging confidence pulls stocks lower; Dow falls 251
"People left and right are throwing in the towel," said Keith Springer, president of Capital Financial Advisory Services.
"The biggest thing I see here is the incredible pessimism," Springer said. "The government is doing a lousy job of alleviating fears."( the government = OBAMA...yep mr. crisis maker!!!! - wild thing)
Is It Any Wonder The Market Continues To Sink?
.
Wild Thing's comment.........
The market is voting NO CONFIDENCE in Obama.
Market to Obama: “Did you think making announcements on the weekend about your plans to further destroy capitalism would avoid the death spiral you’ve sent us into? Wrong, yet again...”
Just my opinion and not an expert at this, but I honestly think Wall Street does NOT want to trust B. HUSEIN Obama and his band of tax cheats with the nationalizing of the banks, especially when you consider Wall Street KNOWS where the real problems lay and that DC isn’t doing squat to fix them.
How far does it have to drop, and for how long does it have to be there, before the Koolaid drinking Obama voters come to the realization that this is now the Obama economy not the Bush economy? It is sad to see, the ship of state is sinking, and they've thrown all the treasure chests overboard.
Wave after wave of crushing debt can only have one effect, and we are seeing it in spades.
Actually, communists ( the Progressives in our government and that would include Obama and too many others ) must be having a wonderful time watching the market collapse. Karl Marx or was it Lenin, predicted capitalism would collapse and they believe this is it. Just a thought. It more then likely is that Obama's goal is the destruction of the economy and the move toward pure dependent communism. Obama is systematically destroying all the wealth the middle class has managed to accumulate. It is part of the plan to destroy the middle class and make them part of the working poor.
Posted by Wild Thing at February 24, 2009 06:55 AM
Comments
The stock market is a comin' down,
comin' down, comin' down.
The stock market is a comin' down,
my poor Americans!
Posted by: Lynn at February 24, 2009 08:21 AM
DR. ZHICAGO in Washington DC CCCP comrades! This is simply Reparation$ without the name 'REPARATION$.'
By dumbing down / dumping down the middle-class and upper middle class, while bringing the lower class to middle class EQUALITY in reference to free mortgage payments, free college and universal health care, according to Karl Marx's 1846 Communist Manifesto, it will only be a matter of time before the two classes - RICH and MIDDLE.... become one national socialist state. Italian dictator Musselini did this in 1932 and so did Hitler's National Socialist Party prior to World War II.
Posted by: darthcrUSAderworldtour07 at February 24, 2009 08:24 AM
"Tear down this wall(streat)"
Haven't I heard that before?
Posted by: Odin at February 24, 2009 10:02 AM
Well, that's a good Johnny Cash song. I also like "How deep is the water mama?" "Five feet deep and rising."
But my favorite Cash song is about the Pima Indian, Ira Hayes, the Iwo Jima Marine. If you want to see me cry, let me listen to it.
Why do I think that both of these songs speak to our present situation, when an American serviceman is refusing to serve because he says, rightly, that the president isn't qualified to be president?
Posted by: horace at February 24, 2009 10:19 AM
I was reading this morning about an Acorn nitwit, one of the ones breaking into forclosed homes. This was in Baltimore, the Police have taken fingerprints to ensure they catch the perps.
The house in question just sold in forclosure for 192,000 dollars. The woman who had the house and was kicked out got the loan in 2001 for 87,000 her monthly income was 1292 dollars per month. She was in Court and the court gave her two years to make current her 'Arrears' which amounted to 10,000 dollars. Which means she was probably in arrears by almost two years. She was that far behind in her mortgage payments and was still given more time by the court. Now that 87,000 dollars was the face amount of the mortgage and not even including the interest, so for a 20 year mortgage your talking close to 150,000 dollars.
How much more generous can this be. Anyone else would have been kicked out in 6 months.
So now ACORN wants her house back and, we, who pay our payments every month and on time are expected to belly up to the bar and fork over her delinquent payments. Acorn expects us to do this for all the deadbeats they represent.
This seems to be a typical case of people who have no business buying a home, not to mention the fact that the mortgages are in the Upper middle class range, and the chance of repayment is slim to none. But this was government mandate that the lender make these bad loans. Also the lender is responsible for these people not being able to read english and fully understand the contract.
Depending on the city, the amount of mortgages sold to illegals is high in comparison to the other mortgages sold in any one year.
Now with obama this is only going to get worse.
Posted by: Mark at February 24, 2009 10:43 AM
Its only 8:35AM here and I need a drink. Ugh!
Posted by: cuchieddie at February 24, 2009 11:38 AM
Obama can now claim the dubious title of most expensive president in history. He has already cost us trillions. Throw in Barney Frank, Maxine Waters and Chris Dodd and you have the Marxists that broke the back of America financially.
Soon they can get on with the breaking of our independence and freedom.
With what money you have left, Buy Ammo!!
Posted by: TomR at February 24, 2009 12:54 PM
Another depressing thought, Gary Locke, the former Governor of Washington State in being selected as Secretary of Commerce, another Marxist first generation Red Chinese Communist. Many of us gave a sigh of relief to see him leave, little did we know we'd get another hand picked Marxist to replace him. It's their policies that drove Boeing to move it's HQ, Olympia Brewery to fold it's operations and many businesses to leave the State. On a grander scale... well the stock market is Okie Voting for an example of marxist rule. Obama will be happy once the nation is just like his homeland, I'll be happy to see him swing!!!
Posted by: Jack at February 24, 2009 02:28 PM
Lynn, yes it is a real mess.
Posted by: Wild Thing at February 24, 2009 06:35 PM
Darth, thanks for the information.
Yes, as he keeps this up......"RICH and MIDDLE.... become one national socialist state.".....this will surely happen.
Posted by: Wild Thing at February 24, 2009 06:37 PM
Odin, yes and what a difference that is.
Posted by: Wild Thing at February 24, 2009 06:39 PM
Horace, that is a good one too. And oh yessss Horace the one called " The Ballad Of Ira Hayes", is awesome.
http://www.youtube.com/watch?v=KnNt-mlRB8E
I am not trying to make you cry, but just in case you wanted to listen to it.
Thank you Horace.
Posted by: Wild Thing at February 24, 2009 06:45 PM
Mark, your so right, anyone else would have been kicked out in 6 months.
The mandate that Obama has is another strong reason he has been able to do so much in so little time. But he himself is the number one problem.
Posted by: Wild Thing at February 24, 2009 06:52 PM
cuchieddie, yes I know how you feel.
Posted by: Wild Thing at February 24, 2009 06:54 PM
Tom, the "most expensive president in history"....that sure is one of his titles, good point. He loves money but it is ours.waaaaaa
Posted by: Wild Thing at February 24, 2009 06:56 PM
Jack, thanks for sharing about that, I didn't know.
He sure will.
"Obama will be happy once the nation is just like his homeland"
Posted by: Wild Thing at February 24, 2009 06:58 PM
