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198 Comments
- BohicaTwentyTwo, on 02/17/2009, -19/+66I wonder if this has to do with the fact that it took the current administration just under 30 days to outspend the Iraq war.
- REBECCAFRIEDMAN, on 02/17/2009, -1/+42oy vey.
- PhoenixTx, on 02/17/2009, -4/+39Holy Guacamole!
- Nickolassc, on 02/17/2009, -7/+36I'd like to thank former President Bush, President Obama, Nancy Pelosi, and Harry Ried for the loss of 35% of my retirement funds.
They love me! They really love me! - inactive, on 02/17/2009, -11/+40It is time for people to start reading Atlas Shrugged.
- pintomp3, on 02/18/2009, -4/+27I'm sure the economic policies and the wars started in the last 8 years have nothing to do with the current economic situation.
- inactive, on 02/17/2009, -17/+34Its all because of the good news of the pork bill being signed!
More welfare
More illegals
Hell in a handbag! - lccat, on 02/17/2009, -32/+48The change we HOPED for?
- KimmyGibbler, on 02/18/2009, -7/+22The market low for the current recession occured on Nov. 21, before Obama became president. Just sayin'
- supercandy, on 02/17/2009, -53/+67The Democratic Party is a disaster. Carter the sequel continues...
The Obama - Pelosi PORK folly has not inspired anything except an understanding that they want socialism - and this is a weak system for all.
The Markets are tanking for good reason...
After all the alarmist negativity of Mr. Obama, he waits several days to sign an EARMARK spending spree that he once said needed to be passed immediately.
Why?
Because the desperate need was simply to get the facade of DNC special interest spending past, and they know it has little stimulus in the bill.
The big swindle continues... - inactive, on 02/18/2009, -5/+17He has ben in office for 2 months for christ sake. It took 8 years to get us in this fix by the Bush administration!!
- inactive, on 02/17/2009, -27/+39Wall Street is shoving this "stimulus" bill right up the ass of Obama and the DemocRATS.
- pacerx, on 02/18/2009, -22/+33Wow it's like a swarm of crazy right wing non-sense to try to discredit a president less than a month after his inauguration.
Also you idiots who don't know what socialism is absolutely kill me. Learn a thing or two before commenting. - bastardx, on 02/17/2009, -6/+15If only Digg ran Wall Street, we would be filthy rich
- gerrylazlo, on 02/18/2009, -5/+14I assume that the possibility that we have not reached the bottom of the mortgage fallout yet has nothing to do with it.
- covertbadger, on 02/18/2009, -1/+9"the loss of 35% of my retirement funds"
There are two possibilities:
1) You're nowhere near retirement, and therefore should be jumping for joy right now - buying the market just got much cheaper and you are well-placed to make a killing.
2) You are retiring soon - in which case you're an idiot for playing with the stock market without understanding basic principles of asset allocation and risk management. If you're about to retire, you should be in bonds and dividend-yielding stocks - market movements should be of zero concern. - Trekhawk, on 02/18/2009, -1/+9Who is John Galt?
- SkaRude, on 02/17/2009, -2/+10Worse yet they have already spent the other %65 of it. Honestly the next step in this proccess is for them to remove that gift they give you every year. You know the big tax break they call a 401k. Don't worry though they will let you collect at least some of the money you pay into SS in return. Socialism get ready my friends.
- ScienceDoc, on 02/18/2009, -20/+28If you voted for Bush, you own this depression.
- ALiberalMind, on 02/18/2009, -3/+11Actually, if you even looked at the Dow Jones, we've been in this period of decline for quite some time, well before Obama became President. The markets are tanking because there's nothing actually being produced in this economy (wealth or material goods), not because investors are "afraid of Obama" or whatever other excuse that's out there.
- pacerx, on 02/18/2009, -2/+10Clearly we can trust Wall Street to make decisions that are good for the country!
- 7papa7, on 02/18/2009, -2/+9The only thing that ever gets us out of a recession has worked over and over and over again. You lower taxes significantly across the board and you junk most of the idiotic regulations that doesn't allow the free enterprise system to work and expand. You should also eliminate the mark to market and let the system work What I mean by lower taxes is it goes to those who pay taxes not a handout aka welfare to those who don't pay taxes. The commie in the white house will never do that though because he cares about power not resolving this financial crisis. His ignorance on this is beyond belief. Only a total moron reproduces policies that have always failed and ignore policies that have always worked. The sad part is that the those who voted for him can't see it and will continue to support failing policies as long as they get their handouts. It is sad to see the downfall of America. It use to be that Americans were proud of their work and worked very hard to get ahead, now they just want welfare. Let the government take care of all my needs, gimme gimme, gimme--how sick.
- athinnes, on 10/01/2009, -2/+9candy, don't worry about them. They see things one way. These are the same people that have said nothing about the billions being wasted in the Iraq War. The are delusional and mad that the ***** republican party has no power.
- PhilMoskowitz, on 02/18/2009, -13/+20When did digg become the home of braindead dittoheads?
- phogasmic, on 02/18/2009, -1/+7ahahahahahahhaahhahahah that is hilarious. I don't know how to respond to that with anything other then you are an idiot. The markets is tanking because the global banking system sucks, and surprise it didn't just start sucking 3 weeks ago. Please wait a year before trying to blame this economy on Obama.
- KMartSheriff, on 02/18/2009, -0/+6If Digg ran anything it would work great for about 10 minutes until suddenly everyone would start panicking claiming the sky is falling, and all the wrongs of the world would be blamed on whoever is more popular at that time.
After all, it's always what we don't have that's gonna fix everything, right Digg?
A month ago: "OBAMA'S GREAT! YAY AMERICA!"
Suddenly: "omg Obama worst president ever. gl/hf America" - pathouston22, on 02/18/2009, -2/+8The market has crashed many times in its history. This is nothing new, people are just overreacting. As usual.
- inactive, on 02/18/2009, -7/+13This is a Republican initiated economic crises a direct result of economic mismanagement of the Bush "pro big business" administration.
- tomharrow, on 02/18/2009, -3/+9There are going to be some great opportunities to get some bargains though. I will be watching closely when markets open at 2:30 (London time)
- inactive, on 02/18/2009, -4/+10Gold and silver are doing great though
- Nauree, on 02/18/2009, -0/+6"As long as idiot Americans can only see things through the political filter of left and right"
The majorty of Americans look to the center. The humble American people arn't ***** this up country. Its the leaders. The people didnt want these stim packages but our "representatives" didn't give a ***** and pushed it anyways. America is not a democracy nor is it a republic anymore. For it to be either, it has to do the will of the people. The only democratic thing we do now is elect the person that we hope has the smallest dick to rape us with. The summation of this all is why I refuse to vote and consider myself independent. - covertbadger, on 02/18/2009, -2/+7Really? Gold is down over the last year, following a huge 25% crash last October. And it's a lousy long-term investment too, since it's still not recovered even half of the 1980 crash in inflation-adjusted dollars. Oh, and it doesn't generate any income either, and has a laughable bid-ask spread.
Perhaps your definition of 'doing great' is different from mine. - inactive, on 02/18/2009, -0/+5"The Iraq war may cost as much as $3 trillion by the time its over. "
Okay. If you are going by projected costs, Obama's stim bill pays out over two years. How has he already spent the money? - covertbadger, on 02/18/2009, -0/+5You're kidding, right? Tech bubble? Tech crash? Any of these ring a bell?
- covertbadger, on 02/18/2009, -2/+6About 3 years ago?
- athinnes, on 10/01/2009, -2/+6Unfortunately, we are going to have to deal with these idiots for quite some time until things get better. Just try to ignore their ignorance. They don't care what is in the bill, or what Obama does. These are the same idiots who were all for Bush's excessive spending for multiple ***** reasons. As soon as a Democrat puts spending into place, they start to bitch. The only thing they care about is Obama is in office and the economy is bad, so the blame game begins.
- athinnes, on 10/01/2009, -1/+5You either have a diluted definition of change, or are completely oblivious to what is going on. I am guessing both.
- Janinco, on 02/17/2009, -9/+13The market started tanking once it became evident Obama was going to be in the White House.
That is a FACT!
Obama is a disgrace and an embarrassment. - vault, on 02/18/2009, -1/+4It was spent at home...Lockheed Martin, Northrop Grumman, Boeing, Honeywell, Raytheon, General Dynamics, etc., all American companies who were beneficiaries of the heavy spending.
The war had little to do with the real estate bubble popping and everything that happened afterwards. - covertbadger, on 02/18/2009, -0/+4"I hope it falls further."
Me too - any bargain-hunter will love these low prices. My only regret is that I can't invest more than about $1600 per month... - SkaRude, on 02/17/2009, -5/+9Yes the markets tanking this week and last week is in responce to the joke of a spending bill. Honestly I feel like I have been watching a SNL skit. What they are doing to this country is a joke and unfortunatly you and I are the ones being laughed at.
- pacerx, on 02/18/2009, -5/+9Well he did write and sell a few books. He was also a lawyer for a few years working for a private enterprises.
- covertbadger, on 02/18/2009, -0/+4Let me guess, you're a plant by the evil 'globalists' to make their opponents look like idiotic, paranoid, semi-literate halfwits? Good job, you're very convincing.
- webyatri, on 02/18/2009, -2/+6yeah Obama is responsible for the war in Iraq/Afghanistan and all the deregulation and all economic policies of the last 8 years.
- Antimatter3009, on 02/18/2009, -3/+7He's also spending money, rather than nationalizing our failing companies. Also, his support for TARP and the likely TARP2 are meant to prop up our failing capitalist system. We haven't nationalized any banks, nor are we planning to. The exception being Fannie and Freddy, which were done on Bush's watch. Let's put it this way: government spending is not socialism. Now, name one socialist thing he's done (or, to make it easier, that he's planning to do).
- thcobbs, on 02/18/2009, -2/+6siggy.... you are aware that the housing crisis was precipitated by the requirements placed on banks to make HIGHLY RISKY loans to "lower income" people so that they can get a house.
This artificially inflated the housing economy.
When defaults on the loans got too high, everyone DITCHED the houses and markets.
All of this could have been prevented, except Clinton helped repeal a law dating back to the Great Depression that was designed to prevent the EXACT situation above.
=========
Placing this on one person's shoulders is a STUPID IDEA. There are CONGRESSMEN, SENATORS, PRESIDENTS, BROKERS and INVESTORS(yes, we helped the insatiable desire for these risky loans by moving our investments to high-risk hedge funds) responsible for this.
To fix it, we have to work TOGETHER to fix it. Overspending won't do it... Political plays won't fix it... What will fix it is a return to the values America was founded on.
- OPPORTUNITY to succeed (not garuntee)
- Hard Work
- Fiscal Responsibility
- PERSONAL Responsibility
- Helping your neighbor
- Smaller Governemt - inactive, on 02/18/2009, -0/+4We have spent 538 billion already in Iraq. How much of the stim bill has already been spent?
Just using your exact same argument. - inactive, on 02/18/2009, -1/+5Steroids for the economy.
America is already emotionally and physically unstable... in sure the Porkoids will stimulate this weakling - SkaRude, on 02/17/2009, -3/+7Ahmen Brother! Anyone who tries to deny that does not pay attention to the market.
- inactive, on 02/18/2009, -2/+6Yes, it did. But you brainwashed lefties are too blind to see it. The greatest economic expansion since WWII, revenue to the treasury nearly doubled. Problem is, the democrat congress spent $1.76 for every dollar Reagan's tax cuts took in.
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