quote:

Originally posted by Hudson:

quote:

Originally posted by a9b3h5:

quote:

Originally posted by SonofMichael:
Updated: 3:10 pm ET, January 20
-295.97(-3.57%)Dow 7,985.25-76.90(-5.03%)Nasdaq 1,452.43-40.28(-4.74%)S&P 809.84

An end of an era i.e. FREE MARKET & CAPITALISM. Rise of a NEW ERA i.e. SOCIALISM.

Fast forward in future

FY 2011
DOW - 1275
NASDAQ - 88
S&P - Abolished

And yet the government grew by spending more money than ever before A9 under the Bush Administration. Remember Medicare Part D. hmm, sounds like Bush was more of a Democrat (socialist) than a Republican.

That is why we need RON PAUL. He is going to eliminate all of the spending. Government should not be involved in taking care of citizens. It is the citizens who should be held responsible for their own actions. Govt should not baby sit. Watch the deficit growing exponentially under Obama. With his hefty spending he has promised, where is he planning to get the money?

quote:

Originally posted by Hudson:And yet the government grew by spending more money than ever before A9 under the Bush Administration. Remember Medicare Part D. hmm, sounds like Bush was more of a Democrat (socialist) than a Republican.

No argument there !!!

RON PAUL IS OUR MAN !!!

quote:

Originally posted by a9b3h5:

quote:

Originally posted by Kollerkrot:

quote:

Originally posted by a9b3h5:

quote:

Originally posted by Kollerkrot:
SOM, did you every notice that you are freaking talking to yourself???

You are so stupid!

Yet you are one of them listening to him Proves you are stupid.

I don't LISTEN to you or to him. I just pointed out! You two could never move me!

We don't move people, especially fat, old, lazy lady like your self. We believe in personal responsibility. Believe in taking care of self rather than depending on others.

More power to you!

NEW YORK (AP) -- The dawn of the Obama presidency was not enough to shake Wall Street from its dejection over the banking industry's growing problems.

After hearing the new president's inaugural address Tuesday, investors went back to unloading stocks. Financial companies led the market lower as investors worried about the state of the world's banks.

The market's angst, which began with multibillion losses reported last week by Bank of America Corp. and Citigroup Inc., intensified after the Royal Bank of Scotland's forecast that its losses for 2008 could top $41.3 billion.

The Dow Jones industrial average is down 332 points at 7,949 level. That's a decline of 4 percent. Broader indexes fell more than 5 percent.

obama said today -
"I'm a lefty. Get used to it"

Unfortunately, for the past 24 years, we are used to it !!!

Obama did NOT take the oath of office correctly as required by the U.S. Constitution so he is NOT the President of the United States.

Obama Does Not Recite Oath Correctly

The oath or affirmation of office of the President of the United States was established in the United States Constitution and is mandatory for a President upon beginning a term of office. The wording is prescribed by the Constitution (Article II, Section 1, Clause 8), as follows:

"I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my Ability, preserve, protect and defend the Constitution of the United States."

U.S. Stocks Slide in Dow Average’s Worst Inauguration Day Drop

By Elizabeth Stanton

Jan. 20 (Bloomberg) -- U.S. stocks sank, sending the Dow Jones Industrial Average to its worst Inauguration Day decline, as speculation banks must raise more capital sent financial shares to an almost 14-year low.

State Street Corp., the largest money manager for institutions, tumbled 59 percent after unrealized bond losses almost doubled. Wells Fargo & Co. and Bank of America Corp. slumped more than 23 percent on an analyst’s prediction that they’ll need to take steps to shore up their balance sheets. The Dow’s 4 percent slide was the most on an Inauguration Day in the measure’s 112-year history, according to data compiled by Bloomberg and the Stock Trader’s Almanac.

“All the banks are going to have to recapitalize,” said Greg Woodard, portfolio strategist at Manning & Napier Advisors Inc., which manages $16 billion in Fairport, New York. “That’s not done. That’s in front of them, and we don’t want to try to get in front of that trade.”

The S&P 500 plunged 5.3 percent to 805.22. The S&P 500 Financials Index fell 17 percent to below its lowest closing level since March 1995 as concern European banks need more capital also weighed on the group. The Dow average slid 332.13 points to 7,949.09. Both the Dow and S&P 500 retreated to two- month lows.

The S&P 500 is off to its worst start to a year, shattering the biggest rally since World War II, as analysts cut earnings estimates by a record 83 percentage points and companies signal worse to come.

The S&P 500 is down 11 percent in the first 12 trading days of 2009, exceeding last year’s 9.2 percent drop, according to data compiled by Bloomberg going back to 1928. The decline helped erase more than two-thirds of a 24 percent rally since Nov. 20 as optimism that government spending would revive the economy evaporated.

‘Effectively Insolvent’

U.S. financial losses from the credit crisis may reach $3.6 trillion, according to New York University Professor Nouriel Roubini, who predicted last year’s economic and stock-market meltdowns.

“If that’s true, it means the U.S. banking system is effectively insolvent because it starts with a capital of $1.4 trillion,” Roubini said at a conference in Dubai today. “This is a systemic banking crisis.”

Europe’s Dow Jones Stoxx 600 Index retreated 2.1 percent today, led by banks and technology companies. It fell almost 2 percent yesterday after Royal Bank of Scotland Group Plc forecast the biggest-ever loss by a U.K. company. The MSCI Asia Pacific Index retreated 2.1 percent today.

Obama Sworn In

Barack Obama became the 44th U.S. president today, inheriting the most severe economic crisis since Franklin D. Roosevelt was sworn in 76 years ago. The turmoil has dragged the world’s largest economies into recession, caused more than $1 trillion of losses at financial institutions and prompted a sell-off in global stock markets.

Treasuries fell for a second day on speculation Obama will sell record amounts of debt to battle the recession. The dollar strengthened for a second day against the euro.

State Street lost $21.46 to $14.89 for the biggest drop in the S&P 500 and the stock’s steepest tumble since at least 1984. Unrealized losses on fixed-income investments rose to $6.3 billion at Dec. 31 from $3.3 billion at Sept. 30, the company said. Unrealized losses on assets held in conduits increased to $3.6 billion from $2.2 billion.

Bank of New York Mellon Corp., the world’s largest custodian of financial assets, fell 17 percent to $19, its lowest closing price since 1997.

Financials Tumble

Financial companies posted the biggest drop among the S&P 500’s 10 main industry groups as all 81 shares fell.

Wells Fargo, the largest bank on the U.S. West Coast, slid 24 percent to $14.23. Friedman Billings Ramsey Group Inc. analyst Paul Miller lowered his earnings estimates and price target, in addition to predicting a dividend cut.

Bank of America, the biggest U.S. lender by assets, fell the most in the Dow average, sliding 29 percent to $5.10. FBR’s Miller estimated Bank of America needs at least $80 billion of additional capital.

“You don’t want to be anywhere close to these common stocks because you don’t know how much new stock is going to be issued,” said Wayne Wilbanks, who oversees $1.1 billion as chief investment officer at Wilbanks Smith & Thomas in Norfolk, Virginia. “If one wants to invest in this space I would focus almost exclusively on the preferred shares,” he said, because that’s the same type of stock the government is purchasing.

The U.S. government has taken preferred equity stakes in at least 257 banks including Bank of America, Wells Fargo, Bank of New York and State Street since October under its Troubled Asset Relief Program aimed at stabilizing the banking system.

‘Aggregator’ Bank

Regions Financial Corp. fell 24 percent to an almost 24- year low of $4.60 after reporting a record fourth-quarter loss. JPMorgan Chase & Co. lost 21 percent to $18.09, the lowest since October 2002.

Obama’s advisers are considering options for dealing with troubled assets still clogging banks’ balance sheets, according to people familiar with the matter. Among alternatives: setting up a government-backed “bad” or “aggregator” bank to hold the securities, or leaving the assets on banks’ books and providing a government guarantee.

‘Atmosphere of Cynicism’

“The risk of investing in financials remains relatively high,” said Alan ***le, senior investment strategist at RidgeWorth Capital Management in Richmond, Virginia. “There’s an atmosphere of cynicism and disbelief with regard to a lot of these turnaround stories.” RidgeWorth manages $70 billion.

Polo Ralph Lauren Corp. slid 9.4 percent to $37.25. Goldman Sachs advised selling the designer of the U.S. Olympics team’s official uniform as consumer spending shifts from “aspirational to desperational.”

Alcoa Inc., the largest U.S. aluminum producer, sank 11 percent to $8.35. Aluminum declined for the seventh straight day in London on speculation that demand will weaken as the housing slump worsens.

Actual CNN Headline:

"Obama vows new era as masses rejoice"

LOL !!!! They rejoiced so much that the stock market had its worst inaugural day ever ! The "masses rejoice"; what is this, Stalin's Russia? Hitler's Germany ? Oh yea, it is !

Barack Obama inauguration: his worst speech
Posted By: Alex Spillius

QUITE a day, but not much of speech unfortunately. Obama got where he is by speechifying, but this effort would not have won him many votes. It was his worst on a grand stage, though still better than most politicians could muster.

The delivery, as ever, was first class, but the message was wasn't clear enough and the language not insufficiently inspiring.

As soon as the applause had died down, an African American standing man near me on the Mall said to his friend: "I thought the speech was ****." Another woman said, correctly, that "we had heard it all before at other events".

In a way Obama was a victim of his own success. Having given so many dynamic speeches he had set his own bar very high. What he tried to do at his inauguration was tell Americans that they had to sacrifice to make gains, while making them believe this was well within their capabilities. The emphasis on sacrifice was too weak however.

To the disappointment of many black people in the crowd, he also made but one reference to the enormity of a black man occupying the White House for the first time. Obama has never laboured the issue of his race, but on this historic day the issue needed more.

Jon Favreau, his co-writer, recently admitted that he had been pouring over previous inaugural speeches. That might have been a bad idea. Obama seemed weighed down by the past, and failed to seize the moment.


Worst Speech Ever

Fidel Castro 'believes in Obama'

HAVANA (AP) - Fidel Castro watched the U.S. inauguration on television and said Wednesday that Barack Obama seems "like a man who is absolutely sincere," Argentina's president said after meeting with the ailing Cuban icon. "Fidel believes in Obama," Cristina Fernandez said.

Here comes socialism

By **** Morris
Posted: 01/20/09 06:12 PM [ET]
2009-2010 will rank with 1913-14, 1933-36, 1964-65 and 1981-82 as years that will permanently change our government, politics and lives. Just as the stars were aligned for Wilson, Roosevelt, Johnson and Reagan, they are aligned for Obama. Simply put, we enter his administration as free-enterprise, market-dominated, laissez-faire America. We will shortly become like Germany, France, the United Kingdom, or Sweden — a socialist democracy in which the government dominates the economy, determines private-sector priorities and offers a vastly expanded range of services to many more people at much higher taxes.


Obama will accomplish his agenda of “reform” under the rubric of “recovery.” Using the electoral mandate bestowed on a Democratic Congress by restless voters and the economic power given his administration by terrified Americans, he will change our country fundamentally in the name of lifting the depression. His stimulus packages won’t do much to shorten the downturn — although they will make it less painful — but they will do a great deal to change our nation.


In implementing his agenda, Barack Obama will emulate the example of Franklin D. Roosevelt. (Not the liberal mythology of the New Deal, but the actuality of what it accomplished.) When FDR took office, he was enormously successful in averting a total collapse of the banking system and the economy. But his New Deal measures only succeeded in lowering the unemployment rate from 23 percent in 1933, when he took office, to 13 percent in the summer of 1937. It never went lower. And his policies of over-regulation generated such business uncertainty that they triggered a second-term recession. Unemployment in 1938 rose to 17 percent and, in 1940, on the verge of the war-driven recovery, stood at 15 percent. (These data and the real story of Hoover’s and Roosevelt’s missteps, uncolored by ideology, are available in The Forgotten Man by Amity Shlaes, copyright 2007.)


But in the name of a largely unsuccessful effort to end the Depression, Roosevelt passed crucial and permanent reforms that have dominated our lives ever since, including Social Security, the creation of the Securities and Exchange Commission, unionization under the Wagner Act, the federal minimum wage and a host of other fundamental changes.


Obama’s record will be similar, although less wise and more destructive. He will begin by passing every program for which liberals have lusted for decades, from alternative-energy sources to school renovations, infrastructure repairs and technology enhancements. These are all good programs, but they normally would be stretched out for years. But freed of any constraint on the deficit — indeed, empowered by a mandate to raise it as high as possible — Obama will do them all rather quickly.


But it is not his spending that will transform our political system, it is his tax and welfare policies. In the name of short-term stimulus, he will give every American family (who makes less than $200,000) a welfare check of $1,000 euphemistically called a refundable tax credit. And he will so sharply cut taxes on the middle class and the poor that the number of Americans who pay no federal income tax will rise from the current one-third of all households to more than half. In the process, he will create a permanent electoral majority that does not pay taxes, but counts on ever-expanding welfare checks from the government. The dependency on the dole, formerly limited in pre-Clinton days to 14 million women and children on Aid to Families with Dependent Children, will now grow to a clear majority of the American population.


Will he raise taxes? Why should he? With a congressional mandate to run the deficit up as high as need be, there is no reason to raise taxes now and risk aggravating the depression. Instead, Obama will follow the opposite of the Reagan strategy. Reagan cut taxes and increased the deficit so that liberals could not increase spending. Obama will raise spending and increase the deficit so that conservatives cannot cut taxes. And, when the economy is restored, he will raise taxes with impunity, since the only people who will have to pay them would be rich Republicans.


In the name of stabilizing the banking system, Obama will nationalize it. Using Troubled Asset Relief Program funds to write generous checks to needy financial institutions, his administration will demand preferred stock in exchange. Preferred stock gets dividends before common stockholders do. With the massive debt these companies will owe to the government, they will only be able to afford dividends for preferred stockholders — the government, not private investors. So who will buy common stock? And the government will demand that its bills be paid before any profits that might materialize are reinvested in the financial institution, so how will the value of the stocks ever grow? Devoid of private investors, these institutions will fall ever more under government control.


Obama will begin the process by limiting executive compensation. Then he will urge restructuring and lowering of home mortgages in danger of default (as the feds have already done with Citibank).

Then will come guidance on the loans to make and government instructions on the types of enterprises to favor. God grant that some Blagojevich type is not in charge of the program, using his power to line his pockets. The United States will find itself with an economic system comparable to that of Japan, where the all-powerful bureaucracy at MITI (Ministry of International Trade and Industry) manages the economy, often making mistakes like giving mainframe computers priority over the development of laptops.


But it is the healthcare system that will experience the most dramatic and traumatic of changes. The current debate between erecting a Medicare-like governmental single payer or channeling coverage through private insurance misses the essential point. Without a lot more doctors, nurses, clinics, equipment and hospital beds, health resources will be strained to the breaking point. The people and equipment that now serve 250 million Americans and largely neglect all but the emergency needs of the other 50 million will now have to serve everyone. And, as government imposes ever more Draconian price controls and income limits on doctors, the supply of practitioners and equipment will decline as the demand escalates. Price increases will be out of the question, so the government will impose healthcare rationing, denying the older and sicker among us the care they need and even barring them from paying for it themselves. (Rationing based on income and price will be seen as immoral.)


And Obama will move to change permanently the partisan balance in America. He will move quickly to legalize all those who have been in America for five years, albeit illegally, and to smooth their paths to citizenship and voting. He will weaken border controls in an attempt to hike the Latino vote as high as he can in order to make red states like Texas into blue states like California. By the time he is finished, Latinos and African-Americans will cast a combined 30 percent of the vote. If they go by top-heavy margins for the Democrats, as they did in 2008, it will assure Democratic domination (until they move up the economic ladder and become good Republicans).


And he will enact the check-off card system for determining labor union representation, repealing the secret ballot in union elections. The result will be to raise the proportion of the labor force in unions up to the high ***** from the current level of about 12 percent.


Finally, he will use the expansive powers of the Federal Communications Commission to impose “local” control and ownership of radio stations and to impose the “fairness doctrine” on talk radio. The effect will be to drive talk radio to the Internet, fundamentally change its economics, and retard its growth for years hence.


But none of these changes will cure the depression. It will end when the private sector works through the high debt levels that triggered the collapse in the first place. And, then, the large stimulus package deficits will likely lead to rapid inflation, probably necessitating a second recession to cure it.


So Obama’s name will be mud by 2012 and probably by 2010 as well. And the Republican Party will make big gains and regain much of its lost power.


But it will be too late to reverse the socialism of much of the economy, the demographic change in the electorate, the rationing of healthcare by the government, the surge of unionization and the crippling of talk radio.



Morris, a former adviser to Sen. Trent Lott (R-Miss.) and President Bill Clinton, is the author of Outrage. To get all of **** Morris’s and Eileen McGann’s columns for free by email, go to www.****morris.com. To order a signed copy of their new best-selling book, Fleeced, go to ****morris.com.

Please post any anti-obama information here please; I need help keeping up with the scandals; thank you.

SOM - Defender of truth, justice and the American way

ah i thought u were taking your medication som what happened do u need to up the doseage
or something wow u seemed normal for a while maybe zanax may work for you there is help out there
who will keep us immigrants in line if you get ill... we need you som pleasse back on the medication now okay some illegals might sneak in if you are not on your peak theres a job at border control with your name on it

quote:

Originally posted by SonofMichael:




This will be the very first internet posting to impeach Barack Hussein Obama and we will keep a file of every crime he commits.

To begin with:

* Support of Al Quaeda and Wather Underground terrorist organizations

* Lying to the American people about election spending

* Massive and widespread voter fraud and intimidation; ACORN and Black Panther terrorist organizations

* False claim of being a "native born American"

* Murdering his grandmother to gain last minute sympathy votes

* False claims to be a Christain when, in fact, the evidence is overwhelming of his muslim beliefs


TO BE CONTINUED .... !!!IMPEACH OBAMAIMPEACH OBAMA

Obama admits that his messing up of the oath left the US without a President and we were left defenseless in case of a sneak attack. So he re-took the oath WITHOUT a bible so even the second oath does not count and Obama is still NOT the President !! Of course the media is blaming Roberts instead of their God, Obama, but anyone who has seen the video knows Obama messed up. Even if Roberts read it wrong, Obama could have recited the oath anyway; this man is incompetent in every way !!

Obama Sworn In Again, With Right Words

By Michael D. Shear
Washington Post Staff Writer
Thursday, January 22, 2009; A04



In golf, they call it a mulligan. A do-over.

There's no formal name for what President Obama and Chief Justice John G. Roberts Jr. did last night.

After flubbing his one role on Inauguration Day -- administering the oath of office to Obama -- Roberts traveled to the White House to re-administer the oath.

Just to make sure.

"We decided it was so much fun . . .," Obama joked while sitting on a couch in the Map Room. Obama stood and walked over to make small talk with pool reporters as Roberts donned his black robe.

"Are you ready to take the oath?" Roberts asked.

"I am, and we're going to do it very slowly," Obama replied.

After a flawless recitation that included no Bible and took 25 seconds, Roberts smiled and said, "Congratulations, again."

Obama said, "Thank you, sir," and then added: "All right. The bad news for the [reporters] is there's 12 more *****."

A president is required by the Constitution to say, "I do solemnly swear that I will faithfully execute the office of president of the United States, and will to the best of my ability, preserve, protect and defend the Constitution of the United States."

At the inauguration, Roberts instead said: "that I will execute the office of president to the United States faithfully."

In a statement, White House counsel Greg Craig said the oath was re-administered "out of an abundance of caution."

"We believe that the oath of office was administered effectively and that the President was sworn in appropriately yesterday. But the oath appears in the Constitution itself," Craig's statement said.

Two presidents -- Calvin Coolidge and Chester A. Arthur -- have retaken the oath because of unusual circumstances the first time around.

The Map Room ceremony was less grand than the original one in front of the throng on the Mall.

But it was certainly warmer.

Since Obama took office, unemployment has hit historic highs

Jobless claims surge to 26-year high

Is this the change that we needed?

REAGAN BEATS OBAMA !!!!

REAGAN BEATS OBAMA

The Obama inauguration was watched by 37.8 million, second only to Reagan’s 41.8 million in 1992.


Ronald Reagan was the last REAL president we had !!! GOD BLESS RONALD REAGAN AND THE FUSA !!

quote:

Originally posted by mary Ireland:
ah i thought u were taking your medication som what happened do u need to up the doseage
or something wow u seemed normal for a while maybe zanax may work for you there is help out there
who will keep us immigrants in line if you get ill... we need you som pleasse back on the medication now okay some illegals might sneak in if you are not on your peak theres a job at border control with your name on it

quote:

Originally posted by SonofMichael:




This will be the very first internet posting to impeach Barack Hussein Obama and we will keep a file of every crime he commits.

To begin with:

* Support of Al Quaeda and Wather Underground terrorist organizations

* Lying to the American people about election spending

* Massive and widespread voter fraud and intimidation; ACORN and Black Panther terrorist organizations

* False claim of being a "native born American"

* Murdering his grandmother to gain last minute sympathy votes

* False claims to be a Christain when, in fact, the evidence is overwhelming of his muslim beliefs


TO BE CONTINUED .... !!!IMPEACH OBAMAIMPEACH OBAMA

You know, instituting communism isn't all that bad. I am thinking - Capitalism and Freedom su ck's when I have to deal and listen to idiots like you all the time.

Wow; Obama's really doing a great job:

Microsoft Cuts 5,000 Jobs

Wall Street tumbles



U.S. bank results plummet as credit problems soar

Historical damage to the enviornment on his first day ! So much for preaching enviornmental policy ! Hypocrites !!

The Trash Was Historic, Too