Comments on: Wall St. Falters Amid Investor Uncertainty

Stocks Follow Up Dismal Week With More Losses As Pessimism Grows

[sockpuppet4]

Seriously. With how I feel about republican arrogance.......

....... I would like to see the stock market go to zero. No lie. I genuinely feel this way and it would make me very happy to see it. I would like nothing better than to see republicans grovel.

They all make me sick. They are scum of the earth. Amen.

[bajajohn1]

Bunch of Whiney Repubs on this blog. That's all they are good for; whining, and then blaming everyone else for their failures. Get to work and quit your b.i.tchin

[wdh3007]

Wall Street has been falling since this socialist moved into office on Jan 20th and his adiministration better care if it goes up or down because it's an indicator of how the economy is doing and his presidency as a whole.

[despido]

Lot's of smart guys on this forum. I don't claim to be one of 'em. But I ran away from home at age 10, went back to school at age 20 and retired at age 50, so I feel I've learned a few things.

There isn't a lot of cash sloshing around in the States right now, so I figure the Teasury is gonna go over seas to fund Obama's so called stimulus. They're strapped too, so it seems logical they'll want an attractive rate of return - certainly better than treasuries are paying now. They'll also be interested in higher rates to support the dollar, since we're into them for tillions and its all dollar denominated. 'Also occurs to me that an increase in rates will kill any benefit of the stimulus. The stimulus 'package' should have been limited to 100% stimulus. Adding all the pork increased dramatically the amount we have to finance. Kinda shot ourselves in the foot, I believe.

[speakinup]

whitemale08 - President Obama has done little but give lip service to "reaching out" to the Republicans.

If he wanted to reach out to them, he'd call in Pelosi and ask her to remove the gag order she has placed upon all Republicans from participating in the creation of bills or amendments to them when they come back from the Senate.

But he hasn't.

[whitemale08]

I read your post about what FDR did. It ignores a few facts:
1. FDR was on a gold standard with very little debt.
2. The world economy was still partitioned by country. What we did here was "containable"
3. FDR learned to work WITH industry. Obama prefers to show us he doesnt need them/

But I am leaving for dinner. Goodbye.
Posted by McHineguy at 4:15 PM : Mar 9, 2009 --

Well I'm glad you don't listen to Limbaugh/Hannity but you sounded like you did.
And I'm going to respond regardless if you have to eat dinner or not.

FDR didn't put us on the 'gold standard' he actually took it off so we wouldn't be bound by these British 'free trade' rules that 'you must adhere to an austerity budget regardless if your peoples starve to death". But I forgive you for that one because I made that mistake too of assuming we had a 'gold standard' under FDR.

What FDR did at the Bretton Woods was 'fix the exchange rates' so it took the speculation out of currencies. That way FDR could borrow as much as needed to fund welfare and the start-up money necessary to re-build the American economy.

Unfortunately we've been hi-jacked when the Liberty League, namely Wall Street crowd, clamored for FDR to return to a 'budget' based off gold.

Wall Street performed very poorly under FDR but the 'middle class' was rebuilt because of his priorities in his policies. Wall Street never forgave FDR for that and has ever since tried to discredit him for it.

Wall Street will not fare better with President Obama because he's doing the right thing but needs to go further and adopt all of FDR's policies, Unfortunately he's trying to reach out to Wall Street Republicans and it's making it harder politicly to do what needs to be done which is full FDR policies.

[despido]

A funny thing happened on the way to the Whitehouse. All of the reasons Obama gave to vote for him have now become excuses for his failure to perform. He wanted the job; lied and schemed to get it - but now its too hard. Poor Baby.

Eventually the economy will recover, but it would have recovered much sooner if Obama had spent his time on the kid's swing set instead of in the Oval Office. His cronies are now working feverishly creating excuses so that years from now he can still blame his predecessor. He, nor anyone else in government, will ever admit that all parties played a hand. It's easy to see where their priorities lie.

[quapawsix]

Free ride is over with boys

[McHineguy]

yea, but you took Limbaugh/Hannity's advice.
and you're still living under Bush's economy, President Obama just took office and is trying to fix it.
Posted by whitemale08 at 4:01 PM : Mar 9, 2009

Im tired of everything having to be about personalities. As I said several times today, I dont listen to Rush.

I have an excellent IQ (even higher than Obamas) and can form my own opinions.

Now to some observations without personalities.

the market is down because the world does not have confidence in Americas industry nor Obamas meddling in it. Bush is gone, the worlds investors are still leaving.

I read your post about what FDR did. It ignores a few facts:
1. FDR was on a gold standard with very little debt.
2. The world economy was still partitioned by country. What we did here was "containable"
3. FDR learned to work WITH industry. Obama prefers to show us he doesnt need them/

But I am leaving for dinner. Goodbye.

[speakinup]

"Speakinup, I went and looked it up and Nov.4th,2008 the Dow was at 9625.00. So the story you and CBS are trying to pawn off that the Dow has lost 32% under Obama is a fairy tail. In reality it has only lost 16% since he has been in office. You cannot count losses before he took office those are on Bush. - Posted by obiden08


So - I'm just quoting what I read, Obiden08. Fair enough though, I'll believe you. that is still an impressive drop, and more than the original percentage you were quoting.

Maybe you should go to the site and ask the author where he got his facts from - if you are correct - you could make a difference in the article. If he is wrong, he should be corrected. Sound good ?