Comments on: Stocks Show Modest Losses Day After Tumble

Wall Street Wobbles After Sell-Off As Fed Chair Stresses Importance Of Financial Sector

[skyk-2009]

The fact of the matter is that things got really bad under Bush, and now the almighty one (President Obama) is making things worse.

http://online.wsj.com/article/SB123604419092515347.html

You think a Month and a half is enough time to stop the spiral created by the Worst in our History? Not asking much are you? it wouldn't be so bad if the President didn't tell us it was going to get worse before it got better or did you just miss that on purpose?

[skyk-2009]

This is a product of 8 years of anything goes deregulation and trickle down economics.


Plain and simple.
Posted by siningrick at 6:33 AM : Mar 3, 2009

Yes and we should make sure we never go there again.

[skyk-2009]

Anyone who thought it was going to be easy or quick getting out of this monster of a mess was flat kidding themselves. It's going to be a rough ride for the next year or so, as it was when Clinton first took over, but stability will be restored along with Physical Restraint.

[indeptex]

Twice today I have seen people that usually print Obama Doom and gloom reports to actually sound like a democrat in their comments.

Plain and simple.
Posted by siningrick

Say it ain't so..........they've been drinking the Koolaide is the only rational explanation. Anyone with conservative values understands the giveaways are nothing more than the redistribution of wealth and socialism at it's finest.

Someone yesterday posted a quote that could make them millions in sales of bumper stickers. A bumper sticker with Obama's picture inside the big O with the caption "Honk if you're paying my mortgage".......................PERFECT

[drivelphobe]

It seems clear that the dire emergency, the rush to act immediately, the stimulus and bailout, is all about preserving the wealth of the wealthy and insiders that run the country, while cleverly, simultaneously destroying it. Common sense tells you that credit cannot maintain a sound economy and "Smokey" Obama knows it.

People who have refinanced and spent the money are reaping what they have sewn. The days of putting 20% down on a home and justifying qualification by having and income that will keep the mortgage under 25% of gross income must return. People need to keep at least six months of more of living expenses in the bank and maintain some sense of responsibility for their financial decisions.

While I have taken a huge hit in the stock market like everyone else, it is worth it if cleanses our society of the leaches, deadbeats and corrupt politicians who sponsor the notion that everyone should own a home, illegals have rights, and healthcare is a right. Obama must fail in his agenda to undermine the US economy.

Entitlements create the sub-human populations we are enduring right now. Illegals swarm, unhampered into this country and Pelosi and her ilk smirk at the hardworking Americans who want the borders closed, laws enforced and the vermin deported. Observe how Sheriff Joe gets treated for simply doing his job, respecting the will of the people and enforcing laws.

Look out for yourself, your friends and your family. The government and political leaders are off base this time and the end of fruitful, career employment, successful small business, reward for hard work and investment, optimism and pursuit of happiness is over in the United States of America. Obama, the ultimate, embedded jihadist, is tearing this country down from within. Bin Laden is grinning from ear to ear.

Today might be the best day of your life, because the tomorrows will only get worse.

[grabandgo]

I know that things look bad, but I still have faith in America and our people. We will bounce back.
Posted by pollroller1 at 5:51 AM : Mar 3, 2009

The only problem is our own government is our worst enemy.

[FHMullane]

Everyone needs to chill... this jumping around because of some tidbit of news and making a federal case over everything is not going to help. Just chill out.. The market will find itself and the businesses would do a lot better if they weren't trying to jump to the tune of investors.

[indeptex]

What we are headed for is the good ol days where people no longer use money because they don't have any. We will barter and trade with whatever product we make ourselves. Eggs for milk,a chicken for a doctors visit etc. You can thank the Bushevics and their dream of a one world government and a global economy for everything that has happened.
Posted by obiden08

It's illegal to barter because there are not taxes paid that go to government.

[bozworth4]

When you have nothing, don't worry about losing it. I've spent several weeks now looking at the ground as I walk. I know some of this lost money has to be blowing around in the hot air from CEOs' and might stumble on some of this lost money laying on the ground. I know if I don't find any of this LOST money someone else will, because it has to be there. After all the gov. CEO's and news media say it's lost. However, if found sure will be careful about bending over to pick any of this lost money up. LOLOLOLOLOL! gasp LOLOLOLOLO. Heard China wanted to foreclose on Hoover dam???

[bigwhtpony]

Ole Barry O is just about OUT of people to blame.....

[Socialistnation]

And you are an IDIOT. Bush created the problem with the market crashing like it has. When you bail out the big guy and leave the investor to take the loss they soon quit investing and this is exactly what has happened. It has nothing to do with Obama,except for the fact he won't make another TARP to get their butts out of hot water because they misspent the first TARP dollars on parties,bonuses for the undeserving and sent billions to offshore accounts to rob the taxpayer of their tax dollars.
Posted by obiden08 at 5:52 AM : Mar 3, 2009

Your the idiot if you think that the miss use of some of the funds caused this program to fail. The key industry sectors that are being hit the worst are:

Insurance
Student Loans
Pharmaceuticals

These are the areas under attack from Obama and the stocks fall rapidly. Many 401k's, IRA's and retirement funds are heavily invested in the Insurance and Pharmaceuticals stocks, so when people look at their value being depleted and can no longer retire, they have Obama to thank.

[Socialistnation]

WASHINGTON ? Another Obama administration nominee has tax troubles. This time, it's Ron Kirk, the president's choice to be U.S. trade representative. Kirk owes an estimated $10,000 in back taxes from earlier in the decade and has agreed to pay them, the Senate Finance Committee said Monday.

I have figured it out. Obama is brilliant. He appoints all of these people that don't pay their taxes and gets them to pay them for accepting the job. This is his way of balancing the Federal Budget.

I knew he was the smartest man ever elected. I knew it.

[pollroller1]

I know that things look bad, but I still have faith in America and our people. We will bounce back.

[andylance1]

If Paulson and Congress had let AIG fail, the worst that would have happened would be that the DOW would have fallen to below 7000.

Well, guess what fellow taxpayers, the DOW dropped below 7000 anyway a few months later, regardless of how many billions you throw into the rabbit-hole known as Alice in Wonderland Economics.

It?s a great huge game of chess that?s being played?all over the world?if this is the world at all, you know. Oh, what fun it is! How I wish I was one of them! I wouldn?t mind being a Pawn, if only I might join?though of course I should like to be a Red Queen, best, like Nancy Pelosi.

[impeachbhb]

Obama is determined to destroy our economic system. With the support of Congress, he will succeed well before his first year in office is over.

[tbuckl]

"I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by all future generations, under the name of funding, is but swindling future on a large scale." Thomas Jefferson Boy was he right!

[antoniof123]

"It's almost as if we're running a car in reverse and spinning back the odometer," market analyst Sam Stoval told CBS' The Early Show from the floor of the New York Stock Exchange.

Hey dude this is what you get when you have years of deregulation and lack of controls. But hey I warned everyone back in the 80's when Regan deregulated the banks but everyone said I was nuts.

I wonder if it is too late?

[167irishboy]

We can pump all the paper money into the system that all the trees can supply, but if we don't actually manufacture something here in America and pay the blue collar workers good pay, then there will be no economy. We can't all work at Go Mart and have a world class economy. We can't all service each other. Somebody HAS to make something.

All of our manufacturing has gone to countries that allow industries to exploit slave labor through free trade laws passed by politicians who were put in position by manufacturing lobbies to do their bidding. Has the labor cost savings been passed onto the consumer? No, in fact, the prices continue to go up. So where is all the money saved by the slave labor used by these large manufactures going? You got, right into the pockets of families who are so obnoxiously wealthy that fifty generations couldn't spend it all. It's called greed and these super wealthy families use their powerful allies in the media to promote the idea that unions are the problem, so to hide the fact that it's their greed that is the real problem. People who could share by providing good paying jobs so other people could spend, make a difference, and create an economy, but have chosen instead to make a huge public donation that they can write off on their taxes and look generous in the public eye all at the same time. In the end, these super wealthy families are going to pass on to their grandchildren a world of well armed peasants surrounding them. Won't that be nice.

[grabandgo]

We don't need Wall Street to survive. It ius the playground of the rich.