Article

2009-03-03 Home Front Economy

As the Dow keeps dropping, the President is running out of people to blame.

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Posted by GolfBravoUSMC 2009-03-03 12:07|| || Front Page|| [1 views ] Top

#1 On the plus side, arugula should be getting cheaper.

Posted by Barack Obama 2009-03-03 13:51|| 2009-03-03 13:51|| Front Page Top

#2 So what has happened in the last two months? Merely the unfolding of a disaster. It has taken years to set the stage, and the play will take years to complete. The fear from last year that we could face a far deeper downturn is well-founded.

The reality of a sharp recession has been known and built into stock prices since last year's fourth quarter. The reality might be known, but its ultimate scope is unknown and unknowable at the present. If you think stock prices are low now, what would you think if a stock was offered for sale, and there are no bids for it? Capital is not on strike so much as holing up in a compound with guns, ammo & canned goods.
Anyone who uses carbon energy -- that's each and every one of us -- has been warned to ~~pay far more than currently for the necessities of daily life~~ expect a huge tax increase from cap and trade That is the stupidest move made by Obama so far. I expect many more stupid moves by him unless he has a "road to Damascus" moment.

Posted by Anguper Hupomosing9418 2009-03-03 14:03|| 2009-03-03 14:03|| Front Page Top

#3 You're discounting 'intentional'?

Posted by lotp 2009-03-03 14:10|| 2009-03-03 14:10|| Front Page Top

#4 He will never run out of people to blame.

Posted by tu3031 2009-03-03 16:50|| 2009-03-03 16:50|| Front Page Top

#5 Heck he hasn't reached started blaming the Jews yet. Still has a while to go.

As for the Dow - just wait until those Bambi taxes kick in. GE is below $7 at $6.84.

Posted by CrazyFool 2009-03-03 17:41|| 2009-03-03 17:41|| Front Page Top

#6 Bambi09 = Hugo05 ...

Posted by Steve White 2009-03-03 18:30|| 2009-03-03 18:30|| Front Page Top

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