Black Day in America: Obama Wins, America Loses
"A terrible darkness has fallen upon us, but we must not surrender to it. We shall lift lamps of courage and find our way through to the morning."
— French Resistance member, 1942
14 "You are the light of the world. A city that is set on a hill cannot be hidden. 15 Nor do they light a lamp and put it under a basket, but on a lampstand, and it gives light to all who are in the house. 16 Let your light so shine before men, that they may see your good works and glorify your Father in heaven."
— Yeshua (Jesus), Matthew 5:14-16
"It does not take a majority to prevail ... but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men."
— Samuel Adams
"The day is short, the work is great...it is not your task to finish the work but neither are you free to exempt yourself from it."
— Ethics of the Fathers 2:15-16
"I am only one, but I am one. I cannot do everything, but I can do something. And because I cannot do everything, I will not refuse to do the something that I can do. What I can do, I should do. And what I should do, by the grace of God, I will do."
— Edward Everett Hale
"I hear many condemn these men [Founding Fathers] because they were so few. When were the good and the brave ever in a majority?"
— Henry David Thoreau
"In the beginning of a change, the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot."
— Mark Twain
"Now more than ever before, the people are responsible for the character of their Congress. If that body be ignorant, reckless and corrupt, it is because the people tolerate ignorance, recklessness and corruption. If it be intelligent, brave and pure, it is because the people demand these high qualities to represent them in the national legislature ... If the next centennial does not find us a great nation...it will be because those who represent the enterprise, the culture, and the morality of the nation do not aid in controlling the political forces."
— President James Garfield in 1877
"Those who expect to reap the blessings of freedom, must, like men, undergo the fatigues of supporting it."
— Thomas Paine
"The liberties of our country, the freedom of our civil constitution, are worth defending against all hazards: And it is our duty to defend them against all attacks."
— Samuel Adams
"In a time of universal deceit, telling the truth is a revolutionary act."
— George Orwell
You're trying to blame this country's ills on Obama who's only been in office for 100 days? Good grief. You really are a very strange bird (and a scary one).
Look at the facts.
If ''CON' is the opposite of 'PRO', does that mean Congress is the opposite of Progress?
You must haveta be afraid of birds I guess....
Libs, that's hilarious. Why don't you go back even further into the Bush years. You could make the graph look MUCH worse. Truth is, the Dow Jones is about the same now as it was on inauguration day.
Pink Slip
does the off-the-cliff drop in the Dow after Lehman Bros. went under Sept 15 reflect directly Obama's responsibility.
Right out of the fringe right-wing playbook.
Fumble.
McCaskey, you usually say stupid things, but this one is so outragous I couldn't help but feel sorry for you.
You are saying that the "off-the-cliff drop in the Dow" was due to one company in one sector of one part of the Dow Jones?
You obviously do not understand how the stock market works. And it is obvious that simplistic people like you are one reason why American jobs are going overseas. If only to find employees with at least 1/2 a brain.
Now go back to reading your Democrat Party supplied comic book about the evil capitalists here in America and why you should fear and hate us.
If ''CON' is the opposite of 'PRO', does that mean Congress is the opposite of Progress?
Google it and you will learn how one company can take us to the brink of financial collapse.
There's a city full of walls you can post complaints at
and the first article that came up was from Wikipedia.
http://en.wikipedia.org/wiki/Long-Term_Capital_Management
"Long-Term Capital Management (LTCM) was a U.S. hedge fund which used trading strategies such as fixed income arbitrage, statistical arbitrage, and pairs trading, combined with high leverage. It failed spectacularly in the late 1990s, leading to a massive bailout by other major banks and investment houses,[1] which was supervised by the Federal Reserve."
Please re-read that one sentence in the middle. "It failed spectacularly in the late 1990s"
Again, for those of you who refuse to read, "It failed spectacularly in the late 1990s"
Now who was president in the late 1990's? And are you now saying that the Clinton Years were not good for the Stock Market?
According to the article, LTCM had to liquidate in July of 1998.
And in July of 1998, the Dow Jones hit a "new record high"
http://www.traders.com/Documentation/RESource_docs/TradersNotes/TradNB_Inter9904.html
If ''CON' is the opposite of 'PRO', does that mean Congress is the opposite of Progress?
And are you now saying that the Clinton Years were not good for the Stock Market?
According to the article, LTCM had to liquidate in July of 1998.
No, they continued on until 2000. The near collapse of LTCM was only beginning in July and reached it's crescendo in September.
Here's what I'm trying to get you to understand: LTCM's bailout prevented a cascading effect in the bond market and the firm could have pulled the economy down with it. A single company's collapse can trigger a recession.
Fortunately, at the time LTCM was deemed too interconnected to fail and they received a cash infusion to keep them alive long enough to unwind in an orderly fashion. Essentially, LTCM was given the lifeline that Lehman was not. If allowed to fail, LTCM's collapse would have triggered a credit crunch and recession in 1999.
So, yes. If LTCM were allowed to fail, the Clinton era would have been bad for stocks, and the economy in general.
And in July of 1998, the Dow Jones hit a "new record high"
And in September 1998, the Dow was off over 1,500 points or ~20%.
There's a city full of walls you can post complaints at
but the Lehman Bros. collapse is seen at least in many quarters as the symbolic beginning of the financial meltdown of last fall.
'You are saying that the "off-the-cliff drop in the Dow" was due to one company in one sector of one part of the Dow Jones?'
I'd say the largest bankruptcy filing in U.S. history, on a day Lehman shares tumbled over 90%, and the Dow closing down over 500 points, the largest drop in a single day since the days following the attacks on 9/11, make that a rather noteworthy day in U.S. financial history.
Maybe it wasn't mentioned as such on your wack-job right-wing websites that were busy blaming Obama.
Hmmmm......you mean George soros lehman brothers?
You still arent "getting it"...
The card that was pulled from the house first was indymac.
Why...subprimes...
Freddie and fanny went under before lehamn bros..
Why? subprimes...
And what about sept 18th?
There was a 500 billion dollar electroc run on banks?
."On Thursday Sept 15, 2008 at roughly 11 AM The Federal Reserve noticed a tremendous draw down of money market accounts in the U.S. to the tune of $550-billion dollars in a matter of an hour or two. Money was being removed electronically.
The Treasury opened its window to help, and pumped in $150 Billion. But it could not stem the tide. It was an electronic run on the banks. They decided to close down the operation, to close down the money accounts. … If they had not done that, in their estimation, by 2 PM that afternoon $5.5-trillion would have been withdrawn and within 24 hours the world economy would have collapsed.
We talked at that time about what would have happened. It would have been the end of our economic and our political system as we know it."
----------------------------
The only people who stood to gain from this where democrats....and Soros is up to his chin in this...
He could afford to lose a couple billion when he stood to recoup it later (coup being the operative word)and snap up indymac...
08/25/08
"If he is going to win, Obama will have to win on the economy," says Thomas Riehle, a Democratic strategist and pollster who heads Washington-based RT Strategies. "
"But Obama's best chance to shift the dynamic of the race and begin to win over the voters who say they don't know enough about him, or what he would do rebuild the economy, will come later this week when he hits the stage at Invesco Field."
http://www.spiegel.de/international/business/0,1518,574124,00.html
Low and behold...the economy tanks just when McCain takes a lead in the polls...
500 billion pulled from the market in an hour and a half....no one knows where it went...
Mighty convenient dont you think?
Follow the money:
http://www.guardian.co.uk/business/2009/mar/25/top-earning-hedgies
Soros made $1.1bn last year partly by anticipating a fall in the dollar in early 2008.
I want to make sure I understand...you're now saying the entire world-wide economic dynamic that came to a head in fall 2008 was purposely manipulated to allow Obama the best chance of winning the election?
Is this your contention? Seriously?
When you elimnate the impossible...whatever remains...how ever improbable...must be the truth.
All roads lead to ACORN and the democrats.
Freddie and Fannie don't give out give out suprime loans. They don't give out loans at all. Private lenders accounted for almost 85% of all subprime loans
Pink Slip
Freddie and fannoe hold HALF of the paper in the united states...and a ton of it is BAD...
They underwrite for private lenders and said they would take the bad paper...
Dont play ignorant.
I noticed you didnt touch anything else in the post....only something you thought you could counter with BS...
Here's DEMOCRATS defending F&F from regulators in 2004.
Nothing wrong with freddie and fannie....no risk what so ever...
"Start with the most basic fact of all: virtually none of the $1.5 trillion of cratering subprime mortgages were backed by Fannie or Freddie. That’s right — most subprime mortgages did not meet Fannie or Freddie’s strict lending standards. All those no money down, no interest for a year, low teaser rate loans? All the loans made without checking a borrower’s income or employment history? All made in the private sector, without any support from Fannie and Freddie. "
http://www.businessweek.com/investing/insights/blog/archives/2008/09/fan...
Pink Slip
I love how the graph even includes the "Democrat" epithet. If only the graph would have said "Barry Soetoro" or BHO, the absurdity would have been complete
Pink Slip
Here, for your simple-minded convenience, is a 10 year chart of the Dow Jones obtained from CNN.COM.
Covering from the end of Bubba Clitons failed regime, through W's years, and on to when Barak Obama took office. You can look it up yourself if you have permission from your owner, Howard Dean or if you have enough light in your mommy's basement.
Put simply, in the hopes that your obvious limited intelligence can grasp this simple fact, up to and immediately after the failed Cliton years, the DJIA was between 10000 and 11000. It hit a high during the Bush years of over 14000.
During the election and finally when Obama was elected the DJIA started dropping like a rock. For those of you who are still in grade school, that would be September, October and November of 2008.
http://money.cnn.com/quote/chart/chart.html?pg=ch&symb=djia&time=10yr&freq=1dy&charts=0&comp=&compidx=aaaaa%7E0&ind_compind=&uf=0&lf=1&ma=0&maval=60
You all can look it up yourself if you can figure out how to operate your computer. Make sure you get your mommies permission first.
The facts, obtained easily from CNN.COM, prove that America does not trust Obama with its money.
If ''CON' is the opposite of 'PRO', does that mean Congress is the opposite of Progress?
You really live in your own world don’t you? The run up to 14000 was the result of a system built on the foundation of sand. The stock market isn’t down because the Obama was going to be elected; it’s down because the “capitalist” assholes who run Citi, MBNA, GM, Merrill Lynch, and Bear Sterns are idiots…
Besides, it only seemed a few short months ago that you were arguing the economy collapsed because Acorn guilted banks in to making loans to millions of poor black people. You where working Barny Frank in there somewhere too…
Pick you’re liberal boogie man and stick with them for more than 2 months.
"on the foundation of sand"
Quoting the glorious master?
I have no master...Man or Deity
LMAO...you dance like a puppet in a string....
If you had a shred of independent thought...you'd look at the clear evidence in front of your nose instead of parroting what Obama says.
You are an example of what is wrong with the Democratic party.
"..the “capitalist” assholes who run Citi, MBNA, GM, Merrill Lynch, and Bear Sterns are idiots"
So, according to you, the problem with America is we are all capitalists?
No wonder you support the Socialist Democratic party of America.
There is obviously no use in proving you wrong again. Your opinion is meaningless because you would rather live in Cuba.
If ''CON' is the opposite of 'PRO', does that mean Congress is the opposite of Progress?
Actually, I consider myself a capitalist. There is nothing free market or capitalistic about Citi or GM have done or are doing. They’re the ones who capitalized the profits and socialized their losses.
As for living in Cuba? No interest, but how’s that closet in your parents basement working out for you?
No worries...Obama will bring cuba to you...comrade.
What you don't know could fill a book.
What the f*ck were you doing, sleeping through the final quarter of '08, or just drinking from the Coulter/Hannity/Limbaugh supply of spiked lunatic-fringe conservative kool-aid?
Have you ever heard of the global financial crisis of '08, the one with a myriad components and complexities that landed the financial/job/credit markets in the duck soup in the first place?
http://en.wikipedia.org/wiki/Global_financial_crisis_of_2008#September
I'm sure when all three of Iceland's major banks, to take one small example of the global financial problem, collapsed and were placed in receivership, it was all because Obama had gained the Democratic nomination in the U.S. for the upcoming general election.
Your bullshit on here is ten miles long and a tenth of an inch thick.
Even a broken clock is right twice a day, you f*cking numbskull.
Math challenged eh?
700 trillion?
You want to stand by that remark?
And since you are such a stickler for details...you also noted Bush only used HALF of it.....he left 350 BILLION on the table for Obama to use...
Geitner helped WRITE the stim package as the head on the NY fed...
Guess what...he's STILL there...
And oh...BTW...that 350 Billion (with a B ) was part what the tea parties where about...
Again...if you track the dow...you'll see when people began to CASH OUT....
It was the day after Obama won the democrat Nomination.
And just what is it with the profanity?
Cant utter a full sentence without turrets syndrome kicking in??
I don't know Libs...it sure looks like stocks skyrocketed right after Barack Obama declared his candidacy for President.
And it only started to dive right after Bob Latta was re-elected. I think we all know what this means.
Pink Slip
People starting pulling thier money from the market the day Obama won the nomination....
http://money.cnn.com/quote/chart/chart.html?symb=djia&sid=1643
I cut and pasted this exact phrase 'People starting pulling thier money from the market the day Obama won the nomination'. (except I spelled 'their' correctly) and Googled it to see what reputable financial publication might have done an in-depth story or opinion piece on this....maybe Money Magazine, Fortune, Forbes, Kiplinger, Business Week, etc...
All that came up was that bastion of balance, the jokefest 'American Sentinel', complete with what looks to be the same graph used by Libs and (Don't Mess With The) Zoltan:
http://www.theamericansentinel.com/twp/2009/2/17/the-crash-officially-be...
"Once it became clear that Obama would win, the market dropped faster than flight 3407 over Buffalo" (Stay classy American Sentinel)
As an added bonus, the 'contributor' of the 'article' one 'TWP', offers up this insight as to the thought-process behind his journal name:
"My journal's name TWP was inspired by Barack Obama's grandmother whom he referred to as a typical white person during his attempt to explain why he'd portrayed her as a racist during a speech designed to explain his 20-year relationship with Rev. Wright. During his campaign he needed to prove he was more 'down with black folk' than Hillary Clinton, whose phony gospel accent wasn't playing well to audiences in Selma. Seems like it worked as Obama carried 96% of the black vote in November. How many half-blacks voted for him is TBD."
~ TWP
You two clowns should take your act on the road and keep comedy clubs' business flowing nationwide.
LMAO...NOW your google works?
Nice try on the strawman though...I tried to google a couple of your statements...I keep getting "404 error logic not found".
but cuteness is all the remains after it's been established where you dredge up your supporting 'material', if that's what it could be called, for your off-the-chart, way-around-the-bend theories.
LMMFAO....I posted a link the Dow jones website that tracks the DJ back a year ....
I made a statement...
You ignore the link and google the statement....which had aboslutly nothing to do with the soruce of the link...
Maybe this serves as stunning detective work to you...but it's not even close to reality....
Hillarious....
Here's one to try out Mr " My google works now"...
"The Party believed that Social Welfare was the business of the State."
the thread began with the premise Obama was bad for the economy and Wall Street didn't trust him with its money and the Dow tanked after he was named the Democratic presidential nominee.
'Blame Obama for the economy?
Submitted by LibsCanBlowMe on Sun, 2009-05-03 15:53.
Look at the facts.'
'People starting pulling thier
Submitted by Zeitgeist on Mon, 2009-05-04 02:53.
People starting pulling thier money from the market the day Obama won the nomination.'...
Then we veer off that path and suddenly the market was purposely manipulated so Obama could get advantage in order to win the election:
'Low and behold...the economy tanks just when McCain takes a lead in the polls...
500 billion pulled from the market in an hour and a half....no one knows where it went...
Mighty convenient dont you think?'
LOL, then your 'vaunted' links state nothing more than the obvious--it's important Obama win the economy issue to win election and hedge fund managers did well despite the economic downturn.
This is supposed to be your 'connecting of the dots' to support your 'theory' the economy was manipulated to favor Obama? Uproarious.
For good measure, of course, you toss out the 'ol reliable Acorn nugget:
'All roads lead to ACORN and the democrats'
What? All of a sudden now we're on a voter registration-fraud thread? Hey, maybe ACORN conspired with certain hedge fund managers to throw the economy for Obama last fall!!
(oh, by the way on ACORN:
'Throughout the election season, supporters of Republican candidates portrayed ACORN's submission of invalid voter registration applications as widespread vote fraud. Republican presidential candidate John McCain claimed in the last presidential debate that ACORN was "on the verge of maybe perpetrating one of the greatest frauds in voter history in this country, maybe destroying the fabric of democracy." Factcheck.org called the claim "breathtakingly inaccurate".[)---Wiki
While you're at it, trot out the 'phoney' Hawaiian birth certificate angle and your circle-jerk of a theory might finally lurch to it's only-logical conclusion.
WAIT A MINUTE...Didn't Obama say he was going to bring the soldiers home when he became pResident? WAIT A MINUTE...Didn't he say it would be within six months. WEEELLLL----The Obama War Death count is now 107 since he took office...bet you haven't seen that on the "news" huh? Check out http://conservativeamerican.org/obama-administration-scandals-list/page-...
277 SCANDALS AND GAFFES YOU WON'T WANT TO MISS. FROM THE BOY WHO HAS NEVER RUN A LEMONADE STAND...
He's a bit busy you know...air raiding villages and killing civilians, locking of innocent muslims indefninatly, and hiding abuse photos, protecting CIA torturers...
So many evil neo-con policies...so little time...
If the new President Obama was republican, the lefty anti-war crowd would shout out “He lied! He didn’t end the war like he promised! And, because he didn’t end it and fighting goes on, more people have lost their lives. So, Obama Lied, People Died!” Fox News could even help them out. They reported today Obama promised in July he would have a meeting with the Joint Chiefs of Staff his first day in office to lay out a quick end to the war in Iraq. He did not do that. Another broken promise for the Official Obama Administration Scandals List!
He quickly changed his ‘prerecorded inauguration song’ to say he would end it “in good time,” maybe 16 months. Then even that changed. Now, he’ll end that war in good time, and STEP UP war measures in Afghanistan. He has abandoned his anti-war supporters. No big surprise there.
If the anti-war crowd is consistent and does chant “Obama Lied! People Died,” and if they start to hate Obama for “his war” as much as they hated Bush, then we likely will take our count down. We doubt that will happen. They only are against war when it is a republican in charge. Just like they only want a black candidate if he is a democrat.
So, we’ll leave the absurd ‘Obama Death Count’ up to point out how absurd their Bush death count was. It will also draw attention to the hypocrisy and lies of the anti-war crowds. Republican war is bad. Democrat war is good. Pass the Kool-aid!
YES TOO BUSY...WRITING ANOTHER BOOK WHILE IN OFFICE---BUSH NEVER DID THAT.
TOO BUSY PLANNING A WAR IN AFGANISTAN.
TOO BUSY SHOOTING HOOPS.
TOO BUSY DESTROYING OUR COUNTRY..OH AND GIVING SPEECHES. AND CHANGING HIS MIND.
We are all born ignorant, but one must work hard to remain stupid.-Ben Franklin
The longer we base soldiers in the Middle East, the more blowback we can expect, and the more terrorists we create. The military-industrial complex has a tight grip on both political parties, and the corporate media are complicit in the continuing occupation. The quickest route to America's demise is through the folly of empire.
Do you agree tombrown, or are you just making snide political comments?
Pink Slip
haha Pink--no response to my comments. MAN, I'd be pissed too at Obama for not only BREAKING HIS PROMISE TO PULL OUT OF IRAQ, BUT PLANNING TO SEND MORE TROOPS TO AFGANISTAN/PAKISTAN!! PinkSlip---COMMENTS...?
Corporate Media? You mean like Obama writing a book while President and receiving a $500,000 advance. COMMENTS...?
You really should have italicized blowback and folly of empire..they ARE books m'dear as you well know. "Folly of Empire" by JJudas: "The title should have been "How to Make a Statement with Selected Facts and an Obvious Agenda" or perhaps "How to Ignore Objectivity: A Primer for Prospective Bush Bashers with Citations" ... either way you get a book that is great to read if you hate Bush as much as you hate studying history and forming your own conclusions." WOW..a WHOPPING # 927,529 sales rank on Amazon. snide chuckle
"Blowback" by CJohnson:The global movement of anti-American hate is the audience of Chalmers Johnson's book. It's a minority but very focused, and it does NOT exist ONLY in Islamic or poor countries. Whatever the American governments or corporations did, do, will do, or won't do, the United States, as a country, will get the blame for the overthrowing-- by the majority of people all around the world, of dilapidated, repressive, and often fascist traditions - that high-toned professors do cherish, and build careers on. (The United States gets the gratefulness of many, but few write books and make careers on that). Sales rank: # 59, 890. I see a hut in Cuba for fans of the Anti-Americanism in these two books. B'Bye.
Let me suggest the # 4 book "Liberty and Tyranny" by MLevin.
"Bush and Obama: Dumb and DUMBER!"
"Bush and Obama" same and more of the same
"Opaque: The New Transparency"
We are all born ignorant, but one must work hard to remain stupid.-Ben Franklin
huh?
Pink Slip
BHO going back on his word about Gitmo...delaying IRAQ's war end, talking abt. starting one in Afganastan and Pakisitan..MAN-----you gotta be pissed!!! (and that's just a few!!!) Umemployment figures for April have reached a new L-O-W!! Folly of Empire and Blowback are two very anti-American books....but I'm sure you knew that--have to admire your trying tho....I see a rope hammack in Cuba for you. Take those books with you...B'Bye!!!! Still no comments to my questions...like the appointed one's 500,000 dollar book deal while in office. I mean WOW>>>>Your hated W didn't even do that, Yeah BHO...he's a corporate media alright!
We are all born ignorant, but one must work hard to remain stupid.-Ben Franklin
Tom, there's a difference between being anti-America and protesting policies that are ultimately hurtful to the country. It's not like talk about secession, for instance...
As for Obama's book deal---I really haven't kept up on this. But I don't have a problem with it, and it's not the corporate media problem I was referring to.
Pink Slip