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Posted by: dBergeron 9 months, 3 weeks ago
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dBergeron9 months, 3 weeks ago
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The market began selling off when everyone realized that Obama would ultimately be elected! You can look at any report and see that. You guys think that you are soooo smart and insightful. It is obvious that Obama is not concerned with what happens with the markets. If he were, he would be singing a different song. How about Obama increasing forces in Afghanistan? Is that not a war? Come on, guy. Pull your liberal head out of your arse and get a whiff of reality.
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Will13139 months, 3 weeks ago
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started selling off well before that..
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about the time everyone began to realize the economy was smoke and mirrors the past 8 years..
all built on the housing market.. and borrowing and spending... not creating anything and spending..
the only thing we create anymore is HOUSING.. -
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ybdogsct9 months, 3 weeks ago
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DBERGERON:
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"The market began selling off when everyone realized that Obama would ultimately be elected!
Really? You knew Obama was going to be elected in December 2007 -- almost a full year before elections were even held? I think I smell a liar.
LOL.
http://money.cnn.com/2008/12/01/news/economy/reces...
"The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007. The NBER is a private group of leading economists charged with dating the start and end of economic downturns." -

willottica9 months, 3 weeks ago
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It is obvious that Obama is not concerned with what happens with the markets.
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Hooray! A politician who actually puts people first instead of money and markets. It's about bloody time. And you think that's a bad thing.
The market is free, it can do whatever it wants, and Obama should continue as he is doing, and act as he thinks is best without worrying about what "the markets" will say.-

dBergeron9 months, 3 weeks ago
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Hooray! A politician who actually puts people first instead of money and markets. It's about bloody time. And you think that's a bad thing.
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That may possibly be one of the most stupid things that I have heard on this site!!!
It should be of great concern to all politicians! The more that people can provide for themselves, the less the government will have to provide for them. But, that is all part of Obama's plan. He wants people in this country to be dependant upon the government. That gives the Dems more power. Wow, you people never cease to amaze me at just how stupid you can prove yourselves to be!!! You can bet the Dem's spending plan that Obama and his buddies won't feel the effects.-

willottica9 months, 3 weeks ago
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The stock market is not an accurate indicator of the health of a company, or the number of people it employs.
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The plan you're inventing for Obama is no more likely than Bush flying planes into the twin towers so that he could start 2 wars and then declare a dictatorship and continue as President indefinitely.
Playing the markets is, in my opinion, one of the causes of the current financial mess. Too many people have been sucking money out of the system by buying and selling (and trading and short-selling and speculating and hedging), without putting ANYTHING back into the system. The focus has been on the value of the stocks and the value of the businesses themselves has been lost in the shuffle.
Do you have investments? Do you know what they are? Do you know what businesses you are supporting with those investments? Do you care whether your investment does any good other than making you money?
When the price of stock goes down, does it actually hurt the company? Does it really have any impact on who they employ and what they produce? It shouldn't, unless they're having a hard time and need to sell more stocks. And it only affects their stockholders if they choose to sell.-

dBergeron9 months, 3 weeks ago
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willottica, you are exhibiting a clear case of class envy and fanatical ramblings there, comrade. You probably believe that Bush was behind the attacks of 9/11, right? Have you, comrade, ever owned stocks? I certainly do, bubby. And, my portfolio has lost about 60% of its value since your clowns swept into congress in 2006. As I work for a small business, I do not have the luxury of a 401(k) or retirement plan. My wife and I have saved and invested for our kids college funds and our own retirement. We have watched as our hard earned money has evaporated. I don't expect that our social security will provide for us in retirement or that the government will pay our kid's tuition. So, therefore, we must do the providing ourselves. I don't want to have to depend on the government to have to do anything for me. I am quite capable, if left to my own devices, of handling that myself, comrade. I do know what companies in which we have invested. We support each and everyone of them by purchasing their products. And, quite honestly, we do care whether each company does the right thing in their business practices. We have family members who are employed by a few of these companies. And, when the stock prices go down, it definately has an effect.
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So, comrade, come on and pull it out for just a moment and get a whiff of reality, will ya? If you like socialist states, why not move on over to Sweden or France and contribute your tax money to a system that is more in line with your political beliefs. I don't think that the way to go here is government ownership of industry and private property. I don't like to be told by a government agency that I am only worth X amount of dollars per year. I say let these companies go out of business and let the free market have a field day.
But, you there sir are misguided and gullible. If you truly believe that Obama has the county's best interest at heart, think again. These guys want power and control. They want to demonize people who have acheived something in life. They like the fact that they can whip the mindless masses into a frenzy over these issues. This gives them an even larger sense of self worth. Why is it ok for these cabinet appointees to evade paying income taxes? They don't have to worry about higher taxes! They don't pay them to begin with!!! You should be OUTRAGED willotica! Instead, you have played right into their plan. Use your own F-N brain for once, will ya, comrade? Don't let these crooks and theives steal away your future and your family's future.-

willottica9 months, 3 weeks ago
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My portfolio has lost only about 40% of its value, so I guess it's doing well.
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As for your situation, I feel for you, because it sounds like you did everything right and still lost big because the stock market is falling. Tell me though, are the companies you invest in doing as poorly as their stocks are?
You complain about the crooks and thieves in government, but ignore the crooks and thieves on Wall Street! The stock market should not rule the country.
As far as Obama's intentions, your guess is as good as mine, I suppose, but I don't think I'm an idiot, and I've learned to watch for deception through personal experience. What Obama has said has a ring of personal truth to it, and much of it stuff that I agree with.
"They like the fact that they can whip the mindless masses into a frenzy over these issues...You should be OUTRAGED willotica!"
Interesting pair of statements. And then you accuse me of playing into their plan because I'm not?
I believe that the way business has been done in America for many years has been wrong. I believe that the means of production have left, and the true wealth of the country has been given to too few. It's profoundly saddening that a person who wants to "go it alone" and live from the land cannot do so. The power is all in the corporations. They sell us our food, they sell us our heat, they provide our livelihoods.
And we use credit to buy toys to play with.
Now the bubble has burst; the fantasy of free money shattered. What are we to do? What is the government to do?
And as far as outrage goes - mine motivated me to run in the last federal election (Canadian). What has your outrage motivated you to do? -

willottica9 months, 3 weeks ago
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I definitely agree that the stock price has an effect on the company. But I think this is either psychological or manipulated, because once the company releases a batch of stock to its investors, the ups and downs of that stock, in theory, do not affect the money on the books of the company. Unless stock in the company is being written on the books as money in the company, which would be a ridiculous notion (and I'm not entirely sure that it isn't a common one; creative accounting abounds).
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