The Great Obama Depression Grows Worse

And why is that? Maybe just because you don't understand it. Or is it that the left just hates it when truth hits them in the eye.

 

No not half the country does...Only 26% does.

 

The left needs to change its letter from D to F. FREELOADERS!

 

The stock market is starting to decline lot.
We saw it coming and now those investing in it
are gonna feel pain.

It's funny how we haven't heard Obama bragging about how well it's
doing now. He did a year ago and took credit for it.
I

NEW YORK (AP) -- The stock market is starting to feed economic fear, not just reflect it.

Stocks have fallen four weeks in a row. Some on Wall Street worry that the resulting blow to confidence, not to mention 401(k) statements, has set off a spiral of fear that could push prices even lower, cause people and businesses to pull back and tip the economy into a new recession.

http://finance.yahoo.com/news/Stock...9.html?x=0&sec=topStories&pos=8&asset=&ccode=

 

Im watching the start of the Asian markets and signs point to tomorrow being another bad day for stocks here in the U.S.
Gold is up $18.25 to $1868.35 an OZ.
But I may be wrong.

 

The last two days have been horrible for US stocks. More wealth was lost
just as we predicted months ago.

The average man knew Obama was gonna mess things up and it's becoming apparent even to the kooks. The US leads the world either up or down.

If you voted for Obama, you voted for this pain.

DOW 9K here we come, then we continue lower.

 

Unfortunately if that is our future there's nothing we can do about it now.

Obama is the president and by the time we can vote him out of office it may be too late.

 

We pay for the mistake of having a liberal government that spends foolishly.

This depression is in the early stages and by 2012 things
will be uglier. You could tax the wealthy in the US 100% and we
would still have no jobs created, just fewer.

Every time Obama proposes increasing taxes
he exposes his ignorance and drives stocks lower.

A few months ago democrats were bragging about the stock market.
Now where are they?

 

Let’s see credit dried up after the major bank collapse under Bush where his own finance secretary asked Bush to start bailing out banks to the tune of 7 hundred billion dollars. Are you trying to suggest that Obama caused the bank collapse and subsequent lack of easy credit while Bush was the president???

 

You really mean it this time?

6-29-2010 - Dow: 9,870

9-4-2009 Dow closed at 9,441:

 

1-20-09 Obama takes office: Dow Jones 7949.09

Dow Jones 9/26/11 1:10p 10,852.84

Percent change since Obama took office: + 36.5%

I think you need to look elsewhere for the cause of your pain.

 

And it was just up 70% a few weeks ago. Guess we should put more stimulus into the economy in the form of picking "winners" like solyndra.

 

I don't think the Dow was ever up 70% from when Obama took office.

 

The great American depression that was started during the Bush years. Anyone in office would be having issues right now.

 

Who's the big fat liar?! Maybe you're just a toadie for con scum of the earth like others who likewise spew the most idiotic crap possible? Do you get paid by the word or the level of incredulity?

cons own this now failing again economy, it came from Bush, it was brought back by unAmerican partisan cons after rebounding consistantly, and the entire sane world knows it.

 

So we agree that in the last few mos of Bush's Presidency we had a massive banking collapse, a massive housing collapse, and a horrendous stock markent crash all in one short period. Bush is the only president in history to win the tripple crown of disaster. Bush's presidency is ground zero for the collapse of everything. I'm so glad we agree about the last few months of the Bush Presidency.

 

Consumer incomes fall for first time in 22 months. So why is Obama smiling?
Because the US economy is fading before his eyes and he is achieving
his goal.


WASHINGTON (AP) -- Americans earned less in August than in July, the first decline in nearly two years. With less income, consumers could cut back on spending and weaken an already-fragile economy.

http://beta.finance.yahoo.com/news/us-incomes-fall-first-time-135445023.html

 

A depression is simpy a recession managed really, really badly...BoBo, being clueless, is making things worse which could well mean depression...All we need is Greece to crash or something similar.

 

I hope we can also remember who ran Congress and oversight....

 

Fanny and Freddie were privately held companies with shareholders that had the government backing their loans, don't mistaken them for government run.

Don't get me wrong there were failings on both sides.

 

The greeks are in default 50% of their modern history, if that's "all it takes" we're in trouble.

 

There is almost no way Greece can pay back it's debt.

But the US is heading willingly in the same direction under Obama.

 

Maybe this time they really mean it.

 

That dem part of government worked very hard to insure there was no reform and, coincidentally, received a lot of campaign cash and perks from the companies involved.

Bush did absolutely nothing with the Housing industry but Dodd and Franks were in it up to their eyeballs..

 

The Elliot wave crowd thinks we've been in a grand super cycle bear market. They expect the dow at 2k. Seems a bit extreme, but I do believe we are in a major bear market.