Comments on: Wall St. Falters Amid Investor Uncertainty

Stocks Follow Up Dismal Week With More Losses As Pessimism Grows

[McHineguy]

Reason? Oh please, there is no Republican reason at the moment, there is no Republican leadership at the moment, the voices of the Republican party are:

Limbaugh
Hannity
Palin
Steele
McCain (who can't figure out he lost, who told us the economy was fundamentality sound, let banks fail, yet this Bozo was one of the Keating 5 who tried to cover up the S&L failure)
And a disgraced Gingrich now talking about running
A party of No! in the congress, with no plan

And you call this reason? Sorry, I'm calling BS on your response.
Posted by rickwar98 at 2:05 PM : Mar 9, 2009

So here we go with personal attacks again!!!

We give you reason and facts. You attack personalities. that is not a healthy way to run a country but it seems to be the Change we can believe in.

But I am not going to waste time on personalities. I will offer these observations:

1. You are right. The GOP has no good spolesman who can articulate goals and objectives. This is made painfully clear because Obama is a great communicator.
2. Unfrotunately, Obama has no clear objectives. Despite his oratory we are left with little understanding. Its clear he wants tax give aways of $13.00 per week, some kind of health program, and lots of new spending. But that is pretty think thinking if you ask me.

So, lets talk policy and objectives. Personalities are what caused this terrible mess.

[ghwab1949]

What I suspect is happening now is that stocks are being reduced to their true value. President Obama has made it clear time and again that he will raise taxes (indeed he has to substantially raise them) on those individuals most in the market to buy stocks, those with any appreciable discretionary income, those families who make more than $250,000 a year. He also has said time and again that he wants to raise taxes on the only two ways that stocks pay out -- on dividends and capital gains. Surprise, surprise that the value of stocks has dropped in anticipation of President Obama getting exactly what he wants. The country is now seeing the results of this war on "the wealthy" -- the not so wealthy lose their jobs.

[McHineguy]

really? bush had the decline nearly halted? please post whatever you have that supports this claim.
Posted by bobnjersey at 1:17 PM : Mar 9, 2009

1. The fact that the stock market had bottomed out at 8000 for two full months.
2. The fact that unemployment had slowed significantly.
3. The fact that holiday shopping had showed only a small decline from 2007.

Since Obama took over he has

1. Spent the rest of the TARP money.
2. Warned that TARP would cost even more.
3. Demanded a huge ($787 Billion) spending program.
4. Presented an uprecedented deficit budget that even surpasses the worst Bush ever did and forecasts it to continue indefinitely
5. Demanding a mortgage bailout program
6. Plans to raise utility bills and shipping costs by taxing carbon fuels.
7 Said that the current 25% decline in the US stock prices is a "bob and weave".
8. Unemployment is reaching 10%
9. Last weeks White House issue was about a talk show host.

[specialty8]

sockpuppet4,
Obama has been nothing but gloom and doom since he got in office. Now that the media is starting to question the "messiah" they put in there,he started to change his tune a little.

[bobnjersey]

[Bush had it stabilized before he left. Obama has accelerated our decline. read the news and see. Every day its worse. ]
[Posted by McHineguy at 1:56 PM : Mar 9, 2009 ]

please post background for this claim. gwb didn't have a clue what was going on ... so even coming close to giving him any credit for 'stabilizing' anything is absolutely ridiculous.

[rickwar98]

Funny isnt it? We give you rationale, we give you reason, and you give us personal slander. The nation is facing the worst financial crisis of our time and the White House persues a campaign of personalities against that talk show guy Rush Limbaugh. I think they are fixated on him. Bush is gone, and they need someone to ridicule. Makes them look better to the ignorant.
Posted by McHineguy at 12:45 PM : Mar 9, 2009

Reason? Oh please, there is no Republican reason at the moment, there is no Republican leadership at the moment, the voices of the Republican party are:

Limbaugh
Hannity
Palin
Steele
McCain (who can't figure out he lost, who told us the economy was fundamentality sound, let banks fail, yet this Bozo was one of the Keating 5 who tried to cover up the S&L failure)
And a disgraced Gingrich now talking about running
A party of No! in the congress, with no plan

And you call this reason? Sorry, I'm calling BS on your response.

[McHineguy]

what exactly is rush doing ... who exactly is he representing?

maybe you're a bit blinded as well.
Posted by bobnjersey at 1:13 PM : Mar 9, 2009

I have no idea who or what Rush is doing or representing. He is a talk show guy that I dont listen to unless I see something elsewhere here that draws my attention to him.

I might be a bit blinded, I cant see anything good that Obama has done and that might not be fair. But its pretty hard to ignore the constant whining and failure coming out of the White House. From economic policy to world diplomacy, we look like amatures. And now we have our government and may of our Presidents strongest supporters fixated on a talk show personality. Even Bush was smart enough to let Michael Moore lie.

[bobnjersey]

[Obama is starting to look like a school yard cry baby trying to hide his report card. ]
[Posted by McHineguy at 1:59 PM : Mar 9, 2009 ]

and what of the others ... patriots?

[bubba027]

What makes me laugh is that many of the Democratic elite, that had money, voted for Obama. Thy're losing their shirts like the rest of us.

In Obama I Trusted; Now I''m Busted.

[McHineguy]

It looks like we are in a class war now. I just seen McCain on TV news whistling Dixie. He has taken the limpball stance and plotting the downfall of the United States.
Posted by sockpuppet4 at 1:49 PM : Mar 9, 2009

Is McCain going to be the next White House distraction?

Its embarrassing that in todays world our White House is more concerned with personalities and rhetoric than with success.

Obama is starting to look like a school yard cry baby trying to hide his report card.

[McHineguy]

Bush is gone but bush and the damn Republicans tore the house down before they left someone got to fix this shi! after Regan,Bush1 and now dumb-a=s=s bush 2 there is not much left to start with to build anything
Posted by aheadace at 1:02 PM : Mar 9, 2009

Bush had it stabilized before he left. Obama has accelerated our decline. read the news and see. Every day its worse.

And for the record, it was Bush and the Democrats togehter that started this decline. There are no clean hands. So stop digging up dead history and help stop todays failure.

[McHineguy]

Why is it that you Wall Street Republicans want government to save Wall Street with subsidies and bailouts.

I rather see President Obama NOT DO ANYTHING!!!!

Wall Street created this mess and they have to livean die by their own principles.

The preamble to the Constitution says that government is only responsible for the 'welfare' of its citizens.

To save industries that have been looted by Wall Street is laughable.

The best thing that President Obama can do is start from scratch with the outline that I just posted in what FDR did.
Posted by whitemale08 at 1:00 PM : Mar 9, 2009

1. Im not a "Wall Street Republican" as you call it. I am an American who knows that our world leadership comes from our economic abilities. We have the strongest, richest middle class in the world because of our economy. that economy is driven by our industries. Ford, Pepsi, Johnson & Johnson, United Airlines, Microsoft, Fed Ex. You get the idea. If we are to remains strong we must preserve those industries.

2. Not many people want any more bailouts. Wall Street or otherwise. So, dont characterize me as wanting bailouts for the rich. I agreed with the first TARP because EVERYONE (Bush, Obama and McCain) said it was necessary. But when Obama released the last of it last month I felt it was time to quit. Seems you and I agree.

3. I am dissapointed you find saving American industries to be laughable. They are our only way back to prosperity. The manychanges Obama wants to accomplish cannot be paid for on the backs of "the rich". They will just move overseas. Industries belong to the stock holders. Most stockholders are ordinary Americans and their charities and pension plans.

4. I didnt read your post of "what FDR did" but its obvious you didnt read my explanation of why FDR policies wont work today (and arent working for Obma). Here is a summary: a. Its a global economy today with serious competition from Asian countries who have completed the idustrial revolution and are well on their way into the information age.
b. Much of our nations money comes from foreign investors who will leave if we increase the cost of operations here.
c. Our national debt far exceeds that of FDR. Incresing it today may break our country regardless of the perceived benefit of spending. Some think it would be great to break it all apart and start over. I dont think so. The movers and shakers of today will just take advantage of the chaos and we will be even worse off, Wall Street will own even more.

[sockpuppet4]

It looks like we are in a class war now. I just seen McCain on TV news whistling Dixie. He has taken the limpball stance and plotting the downfall of the United States.

[Socialistnation]

Obama asleep at the wheel while we all lose trillions. Obama's change = "forget about retiring" Walmart will have millions of applications from soon to be thought to be retirees.

Obama, Change we can believe in. my ass.

[credibility2]

The WH's obsession with Limbaugh is merely an attempt to distract the rest of us from realizing the new administration's ineptitude.

[specialty8]

Pelosi,Reid and Obama. Dumb,dummer and clueless, in no paticular order if you want to change the lineup,they all fit each one.

[bobnjersey]

[2. Tradeing in derivatives is what started this decline But Obama has yet to do anything about that. Bush had the decline nearly halted when he left office. But Obama has accelerated it.]
[Posted by McHineguy at 12:53 PM : Mar 9, 2009 ]

really? bush had the decline nearly halted? please post whatever you have that supports this claim.

[bobnjersey]

[The nation is facing the worst financial crisis of our time and the White House persues a campaign of personalities against that talk show guy Rush Limbaugh. I think they are fixated on him. Bush is gone, and they need someone to ridicule. Makes them look better to the ignorant. ]
[Posted by McHineguy at 12:45 PM : Mar 9, 2009 ]

yes ... as you clearly state above ... the nation is facing the worst financial crisis of our time ... and the guy currently acting as spokesman for the republican party is openly calling for the failure of the president of the us ... and all you have is a criticism of the white house ... saying that people need someone to ridicule?

what exactly is rush doing ... who exactly is he representing?

maybe you're a bit blinded as well.

[bobnjersey]

[2. You need to realize that no international investor will put money here if the tax rules are changing and spending is increasing. I am being advised to move my 401k (whats left of it) to Ireland or Asia because American industry is expecting huge cost increases for Cap and Trade, Health care, and deficits. ]
[Posted by McHineguy at 12:40 PM : Mar 9, 2009 ]

they already have the costs of health care on their backs. the 'voluntary' regulation of business doesn't work ... as has been cleary examplified in the last year or so. deficits have been growing now for the last eight years ... suddenly now it's a problem for investors?

so now that business's excesses have taken everyone down with them ... they expect everyone to leave them alone ... business as usual.

leaving everything till later is what everyone before has done ... and the later is now.

the market has been a scam ... this scam has shaken confidence for investors ... and this is why everyone has moved their money out ... not because of obama.

it's good to see though that you've all moved on beyond blaming clinton for everthing ... that only took eight years.

[whitemale08]

3. The major news from the White House last week was about Rush Limbaugh. That is a terrible priority. Its embarrassing to me that on the world stage our president is seen as comparable to Rush Limbaugh. But, hey, thats what the White House did.
Posted by McHineguy at 12:53 PM : Mar 9, 2009 --

Why is it that you Wall Street Republicans want government to save Wall Street with subsidies and bailouts.

I rather see President Obama NOT DO ANYTHING!!!!

Wall Street created this mess and they have to livean die by their own principles.

The preamble to the Constitution says that government is only responsible for the 'welfare' of its citizens.

To save industries that have been looted by Wall Street is laughable.

The best thing that President Obama can do is start from scratch with the outline that I just posted in what FDR did.