Stimulating news not far from DeKalb.

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When I saw the title of this thread, I thought it was referring to the drop in my IRA balance/stock market since Obama took office. I'm finally believing in change. I see it any time I check the Dow or my balance.

(03-06-2009 09:08 AM)GeorgeBorkFan Wrote:  When I saw the title of this thread, I thought it was referring to the drop in my IRA balance/stock market since Obama took office. I'm finally believing in change. I see it any time I check the Dow or my balance.

IRA balance/stock market since Obama took office is <<<<<< before

to blame your IRA balances and stock market on him is for the most part ridiculous, as the problems the market faces occurred well before he took office

(03-06-2009 09:33 AM)huskiealum03 Wrote:  

(03-06-2009 09:08 AM)GeorgeBorkFan Wrote:  When I saw the title of this thread, I thought it was referring to the drop in my IRA balance/stock market since Obama took office. I'm finally believing in change. I see it any time I check the Dow or my balance.

IRA balance/stock market since Obama took office is <<<<<< before

to blame your IRA balances and stock market on him is for the most part ridiculous, as the problems the market faces occurred well before he took office

I agree but he is adding fuel to the fire. Deficit spending. Huge expansion on entitlement programs. Raising taxes and energy costs by the cap and trade policy. It is the same old same old only he is intensifying the problem. The markets see his budget and entitlement programs and don't see anything to be happy about. They are reading the fine print not just falling in line with a good public speaker.

(03-06-2009 09:33 AM)huskiealum03 Wrote:  

(03-06-2009 09:08 AM)GeorgeBorkFan Wrote:  When I saw the title of this thread, I thought it was referring to the drop in my IRA balance/stock market since Obama took office. I'm finally believing in change. I see it any time I check the Dow or my balance.

IRA balance/stock market since Obama took office is <<<<<< before

to blame your IRA balances and stock market on him is for the most part ridiculous, as the problems the market faces occurred well before he took office

All he has done, especially since the election, is talk down the economy and propose massive amounts of new spending. Every time he or his Treasury secretary open their mouth, the market drops further. He's purposefully talking the economy down. That is certainly not the entire cause of the problems, by any means. But the things he can impact, he's impacted, and in a very negative fashion.

(03-06-2009 09:33 AM)huskiealum03 Wrote:  

(03-06-2009 09:08 AM)GeorgeBorkFan Wrote:  When I saw the title of this thread, I thought it was referring to the drop in my IRA balance/stock market since Obama took office. I'm finally believing in change. I see it any time I check the Dow or my balance.

IRA balance/stock market since Obama took office is <<<<<< before

to blame your IRA balances and stock market on him is for the most part ridiculous, as the problems the market faces occurred well before he took office

I agree to some extent, but he only won because he convinced enough nearsighted people he was different, he would change Washington, he would change America. And now since he is showing his true blood-red liberal colors the market is plummeting. Now, only a fool would have thought he'd govern from the center like he said he would since he was the most liberal senator out of 100, but we all know what we all know what P.T. Barnum said about suckers, and it wasn't how many it lick's it took to get to the center of one.

The market IMO would have plummeted pretty much the same whether a true blue color liberal or red hot conservative was in office.

The market is reacting more to jobless reports , GM bankruptcies and all the econ uncertainties than it is to stimulus package IMO. The idiot on floor of Chgo BOT shouting at Obama pretty much has been debunked and is unwilling to debate Stewart on the issue. NOTICE: I said more but not exclusively reacting to daily econ reports. Little doubt many investors remain skittish about the impact of the stimulus plan.

If all those CNBC - CNN finanacial wizzards mocked by Stewart were all so wrong the many months before the crash, what makes anyone believe anyone now really knows ALL the reasons why the market is going down the hill?

Yesterday the more conservative Daily Herald editorial encouraged consumers to spend. Seems to me any fool should be saving more should his/her income drop suddenly.

There is so much conflicting and contradictory econ news and opinions in circulation, even the wizzards are baffled.
Buy Gold. Dont invest in metals.
Buffet: The best time to invest is NOW.

My initial post in this thread simply reports one local municipality benefiting from the plan that some are so quick to condemn both short and long term. Only time will tell is either position has legs to stand on.