Well I see that Obama IS actually having an impact

Discussion in 'The Loafing Shed' started by Jen, Jan 20, 2009.

  1. Jen

    Jen New Member

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    The Dow closed down 4.1% today off 332 points. Worse than the last 7 presidents on inauguration day

    George W Bush 01/20/05 -68.5 -0.65%
    01/20/01 -9.35 -0.09%
    Bill Clinton 01/20/97 10.77 0.16%
    01/20/93 -14.04 -0.43%
    George H W Bush 01/20/89 -3.75 -0.17%
    Ronald Reagan 01/20/85 34.01 2.77%
    01/20/81 -20.31 -2.09%
    Jimmy Carter 01/20/77 -9.64 -1.00%
    Gerald Ford 08/09/74 -7.59 -0.97%
    Richard Nixon 01/20/73 -7.38 -0.72%


    Evidently not EVERYONE is drinking the change kool-aid.

    Not good. Not good at all.
     
  2. doc T

    doc T New Member

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    I came home early today so I can get some rest. I want to be bright-eyed and bushy tailed for tomorrow when the economy is fixed and the change comes.

    Doc T
     

  3. Buffy

    Buffy New Member

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    :th_ninjahijack:

    DOC T!!! Where the hell have YOU been?
     
  4. doc T

    doc T New Member

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    Saving lives? Maybe not. I have been busy though. This is the first time I have had time in a long time. ( I signed a contract with the guy that invented the word "time", I get a nickel everyTIME I use it.

    I was hoping to get back in touch with you crazy kids on here to see how everyone is getting along.

    Doc T
     
  5. syndiego

    syndiego New Member

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    Interesting stats. Wow, look at the Ronald Reagan bounce. My hero.

    Bigger Government, Welfare disguised as Tax Cuts, Appeasing the Terrorists. Yay! Change is here.
     
  6. TwistedWire

    TwistedWire Guest

    I'm glad I didn't have a drink in my mouth-I'd have snotted it all over my screen!!! :D
     
  7. doc T

    doc T New Member

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    I have learned in my profession that sometimes we make things way too complicated. For instance:

    I thought that the economy was going in the shitter because of poor regulation; that the war in Iraq is still going on becasue of poor gov't planning and unclear goals; along with several other things. It turns out that all of our problems over the last 8 years came about because George W. is caucasion. How could I have been so blind. Now that emphasis has finally been put on the proper attributes of our new leader, I see exactly what our past problems were.

    I wasted so much time focusing on issues that I completely lost track of skin color. I am ashamed of myself. Change is coming, not because he may have surrounded himself with the right people to assist him with decisions, or because he has the ear of America's younger generation, but instead, because he is not a honky like the rest of the presidents.
     
  8. Shannon

    Shannon New Member

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    I think you should know that the correct term is now European-American :D sorry, couldnt help myself :p
     
  9. doc T

    doc T New Member

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    I was actually torn between Caucasion, European-American and Honky Whitebread. I live with my choices.
     
  10. darkhorse

    darkhorse New Member

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    Obama has nothing to do with the market today. Investors etc., are not reacting to his inauguration. Give me a break. Most of the country's large banks posted their losses last Thursday and Friday. They were HUGE. The market is responding to that.
    I blame the people who bought more house than they could afford and maxed out their credit cards. They are now short selling, getting forclosed on, and filing for bankruptcy. And no, I do not believe the banks are to blame. The individuals who showed no financial responsibility are. You have to know how much you can afford based on your income AND in the event you lose your job. JMHO.
     
  11. Jen

    Jen New Member

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    You can't argue it's an indicator. Big losses at financial institutions? SHOCKING. Watch the f'ing news, investors sure as shit knew what to expect. Fact of the matter, investors are not expecting CHANGE.
     
  12. JenR

    JenR Formerly Underworld Queen

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    Then why have the markets been sliding like mud on a CA mountainside since the announcement that he won the election?

    Yes, they weren't healthy beforehand, but after the fact they just went anemic.

    But of course this will all change within the next 100 days, I'm sure of it.
    My unicorn told me so.
     
  13. doc T

    doc T New Member

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    I used to have dollars, now I just have "change"
     
  14. JenR

    JenR Formerly Underworld Queen

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    Damn Doc, and here I thought you of all people could spare a dime ;)
     
  15. doc T

    doc T New Member

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    Actually, a dime is all I have. (figurative Change). I received a package this afternoon shortly after the swearing in....it was a book titled " Socialism for Dummys (veterinarians). The forst chapter instructed me to redistribute everything I made last year back to the public. For all of those who used this service last year, park a lawn chair by your mailbox, becasue Christmas is coming again...Obama style!
     
  16. darkhorse

    darkhorse New Member

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    That is not in fact, true. They were declining far before he was elected. They actually started declining significantly late in 2007, and profoundly in early 2008 and throughout the year. I am in the financial industry, and am very aware of the market. They have been "anemic" as you say for well over a year now.


    Yes, you can argue that it the banks taking losses is an indicator, and I watch the "f-ing" news every day. The performances of the major US and world banks pretty much dictate what the market will do on any given day. If you do not know that, you need to do some research on how the stock market works. Here is an article from yahoo that explains what happened today... http://biz.yahoo.com/ap/090120/wall_street.html

    Do you seriously think the market was going to shoot up just because a new president, be they democrat or republican, came into office? It just doesn't work that way. It cannot be fixed over night.

    Also - The market was greatly inflated for a long period of time. If you look at any of the historical graphs and charts of the market, it always self corrects. This is what we are going through right now. The market was continuing along its path when all of a sudden it shot up, it is now heading back downward, to where it actually should be. The same exact thing is happening with the housing market.

    Today's decline has NOTHING to do with the inauguration. You need to do some serious research on the stock market if you believe that.
     
  17. JenR

    JenR Formerly Underworld Queen

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    Actually I think it's all Bush's fault.
     
  18. AKPonygirl

    AKPonygirl New Member

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    I don't like the economy...

    I like money...
     
  19. photofinish

    photofinish Senior Member

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    I like money the best when I get to keep some of it....
     
  20. Mass

    Mass Senior Member and Masscaster

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    Hell, I owe my piggy bank money. :D