Goodbye stock market

Discussion in 'Congress' started by DavidS, Nov 7, 2008.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    Unemployment 6.5%, 240,000 jobs lost in October, followed a steeply revised cut of 284,000 in September, the most severe monthly loss since November 2001 just after that year's September terror attacks. The department also revised August job cuts higher to 127,000 -- meaning a total 179,000 more jobs were cut in August and September than previously thought. The national unemployment rate jumped to 6.5 percent from 6.1 percent in September, the highest since March 1994.

    But of course when the market crashes today, all of you cons will blame Obama. :cuckoo:
     
  2. DiamondDave
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    DiamondDave Army Vet

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    Wall Street's pessimism over Obama's economic plans are a part of the stock market reaction... of course it is not all of it... the economy is in a bad place right now
     
  3. GigiBowman
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    GigiBowman Active Member

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    I know I will! :redface:
     
  4. WillowTree
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    WillowTree Diamond Member

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    we told you it would happen but you did not believe us. Him threatening to tax the rich to smithereens is causing them to sell out and to hide the money. You may expect the jobless numbers to increase too. Big business will not invest in new labor cause he promised to tax them to smithereens too. People are scared as hell as to what may happen, they are not spending any money, they are holding onto and hiding their money..
     
  5. jillian
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    jillian Princess Supporting Member

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    The corporatists know the field day is over. I can see where that's making them cranky.

    They'll get over it.

    And wall st. will be so happy that people are being laid off.
     
  6. WillowTree
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    WillowTree Diamond Member

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    I am hiding my money and my guns, and the children. :tongue:
     
  7. DavidS
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    DavidS Anti-Tea Party Member

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    Try again:

    October retail sales plunged
    Unemployment has spiked
    3Q profits are massively down for most DOW components
    The banks have money but aren't lending to consumers, thus the credit markets are frozen to consumers
     
  8. The Paperboy
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    The Paperboy Times Square

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    Perhaps Obama and the Libs will figure out where most of the tax revenues actually come from and consider helping the golden goose instead of slaughtering it.

    The more campaign promises Obama keeps the worse the economy will get.

    The more campaign promises he breaks the nuttier the left will go.

    This is gonna be a whole lot of fun to watch.
     
  9. WillowTree
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    WillowTree Diamond Member

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    yep! but I want him and Pelosi to dogmatically persue his agenda line by line don't waver walk the talk. We have been assured of a second awakening, now I expect not to be taxed, I want health care just like his, I don't expect to have to wait in line to get it. I want some sammichs, I want my mortgage and gasoline to be paid for. Sock it to the rich suckers, sock it to them. Tax the hell outta them corporations, let them know their damn day is over. It's over. I'm optimistically optomistic! Yes I am :cool:
     
  10. DavidS
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    DavidS Anti-Tea Party Member

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    Or the multi-millionaires won't give a flying crap about paying 3% extra, the market will surge when the stimulus package is passed in February, and consumer spending will spike which will increase our GDP. Obama will be hailed as a hero and they'll make room for his likeness at Mt. Rushmore.
     

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