Stock Prices Drop as Investors Await Obama’s Stimulus Bill »
Posted By altnrg 8 months, 3 weeks ago in NewsStock price indexes declined as investors wait for President Barack Obama’s economic recovery plan which includes measures to alleviate the foreclosure problem.
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Wolfie20078 months, 3 weeks ago
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Georgia508 months, 3 weeks ago
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Once upon a time there was a liberal. This liberal was not happy. "Why?" you ask. You see, the stock market indicated that investors were not very confident in President Bush. So our hapless liberal would take potshots at Bush all day long and well into the night. "See how stupid he is!" he would shout. "Rid the earth of him!" was the refrain from this liberal and all his liberal friends.
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Then one day, the sun came out. Flowers bloomed, and butterflies flitted hither and yon to light upon one flower after another. Life was bliss. And it mattered not one bit to our now overjoyed liberal friend that the market was still tanking. After all, Bush was gone and a liberal was now in the White House, and therefore--to the mind of liberals everywhere--there could not possibly be such a thing as...do I dare utter the phrase...bad news. To the liberal and his solitary brain cell, all news is good news. And even the bad news--where fault is to be found--can only be laid at the feet of others.
And thus did liberals live happily ever after.
The moral of the story is this: Just as it's not constructive to cry wolf when there is no wolf, there's no point ignoring your pet dog if he's eating the sheep. -
HomerJS49Comment removed: Abusive
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HomerJS49Comment removed: Abusive
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injest8 months, 3 weeks ago
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President Obama Middle class tax.
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$13 extra a week in a person's paycheck. $0.33 per hour!
Ya Buddy!
Thanks Obama!
(Middle class tax cut applies only if you qualify)
Qualifications:
Must be over 18 but under 35
Must have been born in a month without an “R” in the name (July, June, May).
Must have been born after 1PM but before 8PM “GMT”.
Amendment “A” time of birth for clarification.
Females must have been born in “Even” number hours.
Males must have been born in “Odd” number hours.
NOTE: Special rules apply to “Transgender” individuals, consult your DMV for further restrictions.
Females must have been born in upper Northwest states.
Males must have been born in lower Southeast states.
Contact your local BMV for details. -
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coolslow8 months, 3 weeks ago
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Will somebody, anybody, please explain to me how the stimulus bill and the method it was written and passed is going to help the current situation? Please do not resort to Bush/Republican/greedy rich bashing, or, give Obama a chance arguments. Stick to features of the bill. I really want to understand what anyone sees as positive in the bill or the process in which it was drafted and passed for the purposes of stimulating the economy.
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crghss8 months, 3 weeks ago
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It doesn't, half of it is just social programs disguised as a bailout plan. Get ready for another one next year and the year after that.
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Soon the days of the USA as being leaders like inventing the Engine, first to Flight and designing the modern computer are soon over. We'll settle into not working more then 35 hrs a week, standing in lines for health care and innovation of nothing.
The days of work hard and play hard are over. -
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injest8 months, 3 weeks ago
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President Obama said today, Feb 17 2009 “This plan will provide “mortgage relief” for responsible Americans”
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Does that mean all Americans who have been responsible by “actually paying” their mortgage on their houses are going to get a rebate “FOR their mortgage” from the Government?
Does that mean all Americans who have “actually paid off” their houses are going to get a rebate from the Government “for the total cost of their house”? -
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gsmittle8 months, 3 weeks ago
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So the stimulus, which was signed about 24 or so hours ago, isn't working yet? Oh, my goodness... I guess the money will magically transport itself instantaneously to where it needs to go.
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When was the last time the govt cut a check immediately? Oh, yes, to Halliburton, et. al. for a lie.
I'd think you'd want a little more oversight in place before the money starts flowing, unlike Dubya's bank bailout. Where did that money go?
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Hhussk8 months, 3 weeks ago
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Let me begin with the truth.
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I do not support this stimulus package. I didn't support any of the Bush stimulus packages, including the $600 check in the mail.
That said, my biggest problem is the lack of transparency. Nobody has read the bill yet. We'll be spending the next few weeks uncoverning the pork, earmarks if you will, in this legislation. And to be clear, This is the largest federal spending bill in our history, unless you count our budget legislation.
Obviously, the market has responded negatively to the stimulus bill. While I believe it's a bad bill, I won't say we're doomed yet. But when the signs appear, I will certainly point them out.
My impression, based on the articles I have gathered and the interviews I've listened to, is that this stimulus bill will lengthen our recession and possibly turn this into a depression. President Obama's press secretary has already stated that Obama is open for a second stimulus bill.
I believe this is more bad news to the country.
Paul Krugman, a liberal economist of repute has said that this stimulus is not enough. On Sunday, he claimed this bill is only 2% of our economic GDP and that we would need 40% to actually stimulate the economy. So, 800 Billion dollars is barely a scratch to what Krugman and liberals want.
So, without a calculator, I come up with their stimulus equal to 16,000,000,000,000,000.00 (or 16 quadrillion dollars) -
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canadianrancher578 months, 3 weeks ago
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There are two lines of thinking about the bill and the drop in the market, the one idea is that it is not big enought and so people think things will get worse, the second is that alot of money will be spent but it will hurt the nation long term. For those who say the markets drop is Obamas fault have to realize that we are talking stocks of companies who have been experiancing problems for more than a few months, but to put the blame on Bush is just as wrong. The failure of being reasonable by people is the reason we are where we are now but it may have been encouraged by government. Many of you out there have very little use for Alan Greenspan but he warned that the party could not continue on I think his words were "Unsustainable Exuberance".
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Dionys8 months, 3 weeks ago
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But that'd be lying. Are you doing al-taqqyuia again, you dirty Muslim?
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It dropped because the automakers are about to go belly up, unemployment is skyrocketing and the economy is generally tanking. Likely NOT because of Obama being in office less than a month. -
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johnrandoll7 months ago
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Will somebody, anybody, please explain to me how the stimulus bill and the method it was written and passed is going to help the current situation? Please do not resort to Bush/Republican/greedy rich bashing, or, give Obama a chance arguments. Stick to features of the bill. I really want an air mattress to understand what anyone sees as positive in the bill or the process in which it was drafted and passed for the purposes of stimulating the economy.
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