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“The smart money knows that a far left liberal is now a shoe in for president and that together with a liberal majority congress, he will destroy the free market economy in this country.”
Obama is not President. He is merely RUNNING for President. I love how you can blame the economic meltdown on someone who has no leadership capacity at the moment instead of the person/people who HAVE been running the country for the last 8 years. THEY are the people who have ruined the free market economy, not someone who has yet to be voted into office, and even if they do, will not for another 4 months.
Your powers of reason are severely handicapped.
Tune your talk radio dial in a little further close to center for god’s sake IB.
“It’s the Obama effect. . .
The smart money knows that a far left liberal is now a shoe in for president and that together with a liberal majority congress, he will destroy the free market economy in this country.
He’s made very clear that his priority is to raise taxes on folks who earn the most and reduce taxes on those who earn the least.
The result will be the Great Depression II and smart investors know it, so they’re selling like mad.
The bleeding won’t stop at least for another four years when a new administration takes over.
The housing/mortgage crisis is the fire, but the smart money is afraid Obama will try to put it out with gasoline instead of water.
Posted by: IronBalls at October 10, 2008 1:22 PM”
WOW…what a load of crap.
sebb…I have yet to spot any cameras anywhere. Where have they been installing them?
It’s the Obama effect. . .
The smart money knows that a far left liberal is now a shoe in for president and that together with a liberal majority congress, he will destroy the free market economy in this country.
He’s made very clear that his priority is to raise taxes on folks who earn the most and reduce taxes on those who earn the least.
The result will be the Great Depression II and smart investors know it, so they’re selling like mad.
The bleeding won’t stop at least for another four years when a new administration takes over.
The housing/mortgage crisis is the fire, but the smart money is afraid Obama will try to put it out with gasoline instead of water.
Crime rates will be fine the NYPD has a real good hold on what’s going on with Compstat and cameras going around the city everywhere you look.
i continue to believe that the bottom will be represented by a return to the fundamental metrics like price to earnings and home price to median income ratios. stocks and homes have been seriously overvalued speculative bubbles for a long time. this blood letting is a good thing…
Polemicist unfortunately I can’t take credit for the 1.64% growth rate, it is the fellow here (I posted his website link earlier in the thread) at: http://homepage.mac.com/ttsmyf/
I used his research for my calculations. He goes into a lot of depth on his page as to how he arrived at the 1.64% growth rate, and after reading through all of it, I have no reason to believe I could have estimated it any better, so I’m not gonna try. =)
QOTD dittoburg. LOL