New Obama bank plan gets thumbs down from the party of "no". THis is a program of failure according to the party of Rush. Good thing the market disagrees. Dow up 370+ points. All of you who wanted Obama(and the country) to fail, you can stick it up your :moon2:

(03-23-2009 02:01 PM)RobertN Wrote:  New Obama bank plan gets thumbs down from the party of "no". THis is a program of failure according to the party of Rush. Good thing the market disagrees. Dow up 370+ points. All of you who wanted Obama(and the country) to fail, you can stick it up your :moon2:

OH WOW !!!!!!!!!!!!!!!!!!!!!!

Up "370" WHOLE ENTIRE COMPLETE POINTS ?????? After being DOWN by "7000" since the Messiah started Fisting in the White House - - yeah agrees like Arsenic on French Toast.

How much money did you make today on this +370 Rally there Robert ??

Hope it was enough to fill your gullet with Paying those Taxes you love so much.

You know, the strangest thought just caught my attention: Maybe the Market is Responding Positively to Congress SAYING "NO" to any more STUPIDITY and WASTE .... NAH, too much logic in that ....

.

I didn't. I don't have a 401K or have any stocks. THe better question is how much did you make today?

(03-23-2009 02:22 PM)RobertN Wrote:  I didn't. I don't have a 401K or have any stocks. THe better question is how much did you make today?

Well like Jon Stu-Warts said:

"I would have made a Million Dollars today - - - IF I HAD STARTED OUT WITH 100 Million".

"Obama, good for the Economy and our Future" ( )

That is totally correct, because since 20 Jan 09, WE HAVE NEITHER

.

(03-23-2009 02:22 PM)RobertN Wrote:  I didn't. I don't have a 401K or have any stocks. THe better question is how much did you make today?

Why should you? You've spent all your life on the government tit. Why should your retirement be any different?

In any case I'd explain to you why the market is up today in greater detail, but it would be waste of time since you lack any ability to understand it.

I'd love to hear any insights Niner!!!!!!!!!!!!!

(03-23-2009 02:52 PM)Machiavelli Wrote:  I'd love to hear any insights Niner!!!!!!!!!!!!!

The Toxic Asset program is part of it. All Geitner had to say was they were going to buy the toxic assets. It's not like it was some genius plan or anything. That made investors happy because they companies that have them will be getting them off the books and can start lending more money, and in turn charging more fees, hence more revenue. The misnomer is that banks aren't lending. That's not true, they're lending to consumers daily. They're just not lending to each other because the securities banks use to secure loans from other banks are suspect. So instead they go to the Fed, which in normal times is supposed to be a last resort. But I digress.

Housing starts jumping 5% is big as well. That was gravy on top of the toxic asset announcement so the market is enjoying it very much.

The downside of that is that the dollar is continuing to drop in value. You combine this with the Fed buying back 500 additional billion in mortgage backed securities and the dollar is losing value by the second. The market loves it, but the national debt, and our great, great grandchildren, hate it. We simply don't have the money to do all this bailing out and buying. That's the key piece of information morons like Robert don't grasp.

You can't just look at a miniscule 370 point jump in the market and proclaim "SEE!!!! Obama was right all along!!!!" There are long term impacts to spending money you don't have. China is buying more and more of our debt. That is not a good thing.

with all the inflation likely to come soon, its almost a given that some of it gets put into the DOW which will increase values and get it back up some, not that its all that much of a good thing really but you'll see 10,000's again.

So the Democrats are the party of YES

Yes to Socialism
Yes to Communism
Yes to Fascism
Yes to Tax Cheaters
Yes to Unlawful Immigration
Yes to THE Usurper
Et cetera, Et cetera, Et cetera

Ninerfan1 Wrote:The misnomer is that banks aren't lending. That's not true, they're lending to consumers daily. They're just not lending to each other because the securities banks use to secure loans from other banks are suspect.

They also are not lending to consumers with crappy credit or without steady jobs. And you know what??? They aren't going to, even with this latest cash infusion.

The lower class will then cry out about still not being able to get loans while Wall Street fat cats are getting billions of taxpayer dollars, and Obama will once again ride in on his white unicorn and save the day by forcing the big, evil, greedy banks to give loans to people who can't afford them, and we will go through this all over again.

Robert,

Where were you when the Dems were consistently "no"?

No to paying their taxes
No to appointing minorities to Federal Judgeship
No to overturning "Roe v Wade"
No to restricting illegal immigration

Hmm? Let me guess, you'll dodge this question.

Before anyone wants to give credit to Obama for todays rally, just remember the toxic asset purchase idea has been around before he took office, its called "TARP."

(03-23-2009 03:51 PM)STLouis Blazer Wrote:  Before anyone wants to give credit to Obama for todays rally, just remember the toxic asset purchase idea has been around before he took office, its called "TARP."

Yes, we remember, and we also remember Paulson BENT US OVER AND
FU(KED US IN THE @SS. Changing the whole plan just days after it's approval to spend 878 billion. Paulson single handedly did more to turn The U.S. toward socialism than any American in HISTORY. He is a traitor, and should be shot, while we all watch on prime time TV.

Fu(k that Co(k su(king, mother Fu(ker

(03-23-2009 02:37 PM)Ninerfan1 Wrote:  

(03-23-2009 02:22 PM)RobertN Wrote:  I didn't. I don't have a 401K or have any stocks. THe better question is how much did you make today?

Why should you? You've spent all your life on the government tit. Why should your retirement be any different?

In any case I'd explain to you why the market is up today in greater detail, but it would be waste of time since you lack any ability to understand it.

Hmm. I have never worked for the government. Sorry to disappoint you. Though their is a possibility of it happening in the future.

(03-23-2009 02:52 PM)Machiavelli Wrote:  I'd love to hear any insights Niner!!!!!!!!!!!!!

It is Bush's policies that caused it to go up.

(03-23-2009 03:15 PM)Ninerfan1 Wrote:  

(03-23-2009 02:52 PM)Machiavelli Wrote:  I'd love to hear any insights Niner!!!!!!!!!!!!!

The Toxic Asset program is part of it. All Geitner had to say was they were going to buy the toxic assets. It's not like it was some genius plan or anything. That made investors happy because they companies that have them will be getting them off the books and can start lending more money, and in turn charging more fees, hence more revenue. The misnomer is that banks aren't lending. That's not true, they're lending to consumers daily. They're just not lending to each other because the securities banks use to secure loans from other banks are suspect. So instead they go to the Fed, which in normal times is supposed to be a last resort. But I digress.

Housing starts jumping 5% is big as well. That was gravy on top of the toxic asset announcement so the market is enjoying it very much.

The downside of that is that the dollar is continuing to drop in value. You combine this with the Fed buying back 500 additional billion in mortgage backed securities and the dollar is losing value by the second. The market loves it, but the national debt, and our great, great grandchildren, hate it. We simply don't have the money to do all this bailing out and buying. That's the key piece of information morons like Robert don't grasp.

You can't just look at a miniscule 370 point jump in the market and proclaim "SEE!!!! Obama was right all along!!!!" There are long term impacts to spending money you don't have. China is buying more and more of our debt. That is not a good thing.

Didn't they mention the housing starts a few days before today(yesterday as I type this)? If I am not mistaken, much of those are multi-family(ie. apartments) and only a 1% or so increase for single family homes. Then there is the season change. I know you guys in the south may not realize this but there is more home building when it warms up here in the north so it would make sense that it would be up.

(03-23-2009 03:32 PM)SumOfAllFears Wrote:  So the Democrats are the party of YES

Yes to Socialism
Yes to Communism
Yes to Fascism
Yes to Tax Cheaters
Yes to Unlawful Immigration
Yes to THE Usurper
Et cetera, Et cetera, Et cetera

The Republicans are the party of fear. They use fear to control their followers. Obviously with a name "SumOfAllFears" you are the perfect lemming.

Fear the weather.
Fear nuke power.
Fear DDT.
Fear guns.
Fear un-biased news.
Fear a complete education.
Fear radio.
Fear competition.
Fear business.
Fear capitalism.
Fear free speech.
Fear right to work.
Fear southern man.
Fear freedom.
Fear America.

I don't think the fear lobby on the left is lacking.

(03-24-2009 07:54 AM)Paul M Wrote:  Fear the weather.
Fear nuke power.
Fear DDT.
Fear guns.
Fear un-biased news.
Fear a complete education.
Fear radio.
Fear competition.
Fear business.
Fear capitalism.
Fear free speech.
Fear right to work.
Fear southern man.
Fear freedom.
Fear America.

I don't think the fear lobby on the left is lacking.

this is a rather long list if you keep going, but never the less, as they say "pwned"

(03-24-2009 02:21 AM)RobertN Wrote:  

(03-23-2009 02:37 PM)Ninerfan1 Wrote:  

(03-23-2009 02:22 PM)RobertN Wrote:  I didn't. I don't have a 401K or have any stocks. THe better question is how much did you make today?

Why should you? You've spent all your life on the government tit. Why should your retirement be any different?

In any case I'd explain to you why the market is up today in greater detail, but it would be waste of time since you lack any ability to understand it.

Hmm. I have never worked for the government. Sorry to disappoint you. Though their is a possibility of it happening in the future.

I meant welfare you moron. I would never presume you actually have a job.

Regarding housing starts, they were tanking throughout the summer and fall last year as well. That illustrates the flaw in your "seasonal" argument and the stupity from which you articulated it.