The greatest economic recovery since the colonization of Earth by the Pleiadeans 150,000 years ago is coming to a halt. About a year ago, Dr. Doom: Nouriel Roubini, who in 2005 predicted the economic collapse of 2007-2008 made a bold prediction. He claims that the Obama Boom was fragile and weak. Roubini also predicted that the US would fall back into recession due to unsustainable Debt. Recent data is showing that once again, Dr. Doom appears to be correct!
Influential economist Nouriel Roubini has warned hopes that the recent slowdown was temporary have been dashed and predicted the US and other advanced economies will have a second “severe recession ”.
Writing in Monday’s Financial Times, the founder of Roubini Global Economics said: “America’s recent data have been lousy: there has been little job creation, weak growth and flat consumption and manufacturing production. Housing remains depressed. Consumer, business and investor confidence has been falling, and will now fall further.”
[...]
“Since this is a crisis of solvency as well as liquidity, orderly debt restructuring must begin,” said Roubini.
Read the rest: Soft Patch Delusion Is Dashed: Roubini
Two years ago the Obama Boom was declared. Media financial writers like Daniel Gross claimed this would be the greatest economy ever. The media kept pushing the Obama Boom theme to create false confidence. It appears their efforts couldn’t change the reality. Debt was what got us into this crisis, incurring more debt would not get us out. Dr. Doom warned everyone a year ago about the weakness of the Obama Boom, and the media dismissed and attacked him. Now reality will kill the Obama Boom lie and it us that will suffer!
Tags: Debt Crisis, Nouriel Roubini, The Obama Boom, The Obama Depression
DR DOOM!!!
the man is seldom wrong.
@ coldwarrior:
The lie of the Obama Boom was exposed by Dr. Doom!
coldwarrior wrote:
Yea, sadly even the blind were able to see that the Obama Boom was a myth the second the Fifth Column Treasonous Media pronounced it’s existence.
I realize that terms like “recession” are technical in nature and are, thus, quantifiable. In practical terms, however, not only did the recession never end, the economy has worsened for the American People ever since Obama took office. Some may wish to cloak themselves in statistics while claiming that the economy has improved, but we all know differently.
Bottom line: in terms of economics, would I like to go back to the summer of ’08? Hell yeah. I’m sure I’m not alone.
@ MacDuff:
We are in stagnation.
@ doriangrey:
Yeah Daniel’s Gross America is back article was the biggest joke ever. I did a post on it last year.
@ MacDuff:
[GOP Ad]
Are you better off now than you were four years ago?
[/GOP Ad]
All that needs to be said in the 2012 election. Perry/Bachmann 2012®
Are you better off now than you were four years ago?
Triple AAA—--Double AA and falling
I’m falling and can’t get up
As bad as the economy is, and it is, there is a way out of this. Keep educating you neighbors, friends, colleagues, and foes about the virtues of the free market system. The next Reagan is out there, and our side will win. The American People have had enough of this schmuck, and had enough of the 5th column treasonous media to boot.
@ Nevergiveup:
The Dow is off 297. How much of the economic “gains” made during the Obama Administration were just smoke and mirrors? I bet that nobody really knows…
coldwarrior wrote:
i rather like that name…for some reason….
Flyovercountry wrote:
I hope so, but there are still the hard core Black and Union communities out there.
Iron Fist wrote:
It’s all smoke and mirrors.
Iron Fist wrote:
The only part of the economy that has been
@ Nevergiveup:
That is what I am afraid of. We could see all that blow away over the next few months. All the way back to 2008 lows, perhaps…
@ Nevergiveup:
14% and 7% of the populace won’t get the commie re-elected. they’ll need to cheat.
Iron Fist wrote:
The only part of the economy that’s been reasonably healthy has been the market. This may well portend an extended bearishness.
The end of the “obama boom” isn’t slowing zero down at all.
He is too stupid to even feel bad or acknowledge there is a problem.
His going abt. his business with two (2) fundraisers tonight. LOL
Not a care in the world. This jackass actually thinks he can get re-elected.
And if he does, we deserve the rest of the hell he has in store for us.
Kirly wrote:
But there numbers are magnified by being concentrated in large Electoral States. Mindless bastards
Rep. Allen West On Tim Geithner: ‘When You Open That Refrigerator Door The Lights Don’t Come On’
Kirly wrote:
LOL
You can be “Ms. Doomage.”
m wrote:
Heh. He can be quite the wordsmith, can’t he? Quite refreshing.
Kirly wrote:
I don’t think they will be able to cheat enough at this point.
Rush just said zero will speak at 1:00. before he goes on VACATION.
rofl
Like I said, nothing slows down King barack.
Just drive across a section of the US and read the for sale/for lease signs and note the weeds growing around the buildings and parking lots
Last Thursdays drop of 512 points saw 2.7 trillion dollars disappear into thin air. The Fed has been pumping unimaginable amounts into the major brokerage houses in a rather futile attempt to halt the markets downward slide. A few minuets ago the market was down -351 point, right now the FED is pumping money into those same brokerage house like their is no tomorrow to try to halt today’s slide. How many trillions of dollars are disappearing even while you read this?
@ chickadee:
Don’t misunderestimate them.
waldensianspirit wrote:
That image makes me really sad.
damn it.
@ chickadee:
I think it will be close. We have an edge in that Obama has been an unmitigated disaster across all demographics. Almost everyone has been hurt in the last three years, and surely not all of them will be stupid or foolish. But Obama has a hard-core demographic that can’t be swayed. 40% of the population votes for a Democrat, no matter who that Democrat is. That plus cheating could bring Obama over the line.
MacDuff wrote:
Sorry, but the market hasn’t even been remotely healthy, it’s been artificially pumped up, it’s a bubble created by the Obamanation Administration to make it look as if the economy is recovering.
chickadee wrote:
i like it, i like it!
m wrote:
Excellent!
Installing an LED won’t even help
doriangrey wrote:
Edit: Where did you think all that QE1 and QE2 money went?
chickadee wrote:
yeah, i heard that too. sheesh.
remember when he was first elected? every time he opened his mouth the market dropped a couple hundred points. i expect far worse after this blathering. someone needs to tell him, “STOP TALKING!”. someone needs to tell him far worse than that too.
MacDuff wrote:
This will require more than a trunk load of fake ballots.
It is going to require massive fraud and we will be able to ‘refudiate’ a lot of that.
chickadee wrote:
This will require a pissed off Mama Grizzle to fix.
doriangrey wrote:
@ doriangrey:
Not to mention TARP and the “Stimulus”. How many billions has Obama siphoned off into his own accounts? There’s never been a bank robbery on this scale before…
Iron Fist wrote:
Yup, Obama is making Bernie Madoff look like a kindergarten kid stealing milk money.
I think the Pleidians are smart enough to know not to vote for Obozo.
“Since this is a crisis of solvency as well as liquidity, orderly debt restructuring must begin,” said Roubini.
Isn’t that a less scary way of saying MASSIVE entitlement reform?
By the way, the riots in Britain, were they Muslims or just your plain, everyday English folks? If it was Muslims, and the media just did the usual cover up, I’m relieved.
If the rioters were everyday English, I’m imagining how Western civilisation is going to take all of these entitlements being yanked away from them. And I’m scaring myself.
Stateless_Infidel wrote:
Inquiring minds such as my own have been wondering the same thing.
@ Iron Fist:
I have to believe we can beat that sob, especially at this point, after all the damage he has done.
Surely some of the blame will stick on the him and people will see him for what he is.
The worst malignant blight ever to settle on this country.
Urban Infidel wrote:
Stock up on personal weapons and amno
Violent Flash Mobs
American Tinderbox
@ Nevergiveup:
Ammo may one day be worth more than its weight in gold. That’s my retirement portfolio. Plan on economic collapse and clean up in the aftermath…
Urban Infidel wrote:
Entitlements dont have to be yanked away. They just have to be reformed in how they are administered, what the eligibility requirements for receiving them are and how fraud and waste issues are approached.
Urban Infidel wrote:
Get some pepper spray.
Carry it on the subway.
Iron Fist wrote:
Brass will become the new gold and lead the new silver. I have a couple hundred pounds of brass saved up for that day…
@ MacDuff:
LOL! Yes, we need a thousand like him!
Stateless_Infidel wrote:
they are non-muzz brits…as described by the edl leadership as uneducated and unemployable yobs who are more interested in looting than what actually started the problems in the first place.
My uncles, especially the one in Missouri, is always buying more and more ammunition, especially these days.
I can see an end to the Islamic rise in Europe, not a pretty end, but I can envision an end. No matter how I try though, I can’t see any situation here (all of Western civ) where people are going to have entitlements taken away, have their entire worldview that the government would take care of them crash but life goes on peacefully during the restructuring.
It’s waiting for the collapse that’s hell.
Urban Infidel wrote:
British Subjects of the “Black-Caribbean”persuasion this time.
chickadee wrote:
I don’t take the subway anymore. I take the new ferry. Goodbye MTA!
Meagyn Kelly back but I don’t love her hair, but I’ll live with it
@ doriangrey:
Means testing for Social Security and Medicaid seem the easiest to sell. I shouldn’t be paying for Warren Buffet’s health care just because he is old. They like to talk about people making “all they need”, but Social Security goes out to the millionaires and billionaires just as much as it does the pensioners who have only it as a means of support. Given that they are taking from me (again!) to give to the wealthy, I could see a means-test being applied. That might be enough to get SS and Medicaid solvent, but what about the rest of the Welfare State? We’re paying for 80 years of New Deal institutions that never made much sense. Do the Republicans have the guts to take the kind of heat that they’ll get if they go after it? Can they win elections if they go after it? I don’t think so.
coldwarrior wrote:
Apparently the riots were started when the police tried to arrest a black illegal gun trafficker who decided to shoot it out with them and died for his efforts. Who was this black British entrepreneur selling his guns to? Why Black British gansta’s of course.
Urban Infidel wrote:
Yeah the one from NJ to the West side is nice also. A tad pricey
obami about to speak- Market to tank when he does?
doriangrey wrote:
Typical.
Can we now call it the Obama Doom?
Nevergiveup wrote:
That dude never shuts up. I wonder if he’s aware that too much exposure causes a sort of fatigue?
Iron Fist wrote:
There is actually a workable solution for all that welfare crap as well. Make it a mandatory condition of welfare that every recipient must perform a 40 hour work week (i.e. 160 hours per month)of low level civil servant work. Kill 2 birds with one stone that way, (hell maybe three) eliminate a large number of civil servant positions, get something in return for that welfare money, and hell maybe even increase the quality of that civil servant work performed.
chickadee wrote:
Cute story… I was helping my mom clean out my grandparent’s house this past weekend (found some FANTASTIC old pictures and the like) but anyway… In one closet there were 5-6 old purses and every single one of them had a mini-pepper spray keychain in it!
I was like GRAMS! Well protected I see! LOL!
Nevergiveup wrote:
That would be my guess. watch for a 200 point drop starting 15 minuets after he opens his stinking pie hole.
@ doriangrey:
Dorian -- everything good where you are, snooks? You had me worried last night!
Perry ally: We expect the announcement in seven to 10 days
ROTFLMAO… Watch for Sarah Palin to announce on the same day and steal all the oxygen out of the Perry announcement and campaign.
Carolina Girl wrote:
Yea, were good, the Barnona Indians weren’t about to take any chance3s with their multi-billion dollar Casino…
@ m:
My grandmother had a little Smith & Wesson Bodyguard .38. That’ll work when pepper spray will just piss them off…
Stateless_Infidel wrote:
It’s waiting for the collapse that’s hell.
Time to party.
zero sure is.
@ doriangrey:
View Larger Map
@ Urban Infidel:
Great.
Market down 370. The Zero must really be making people feel good.
@ doriangrey:
Our Indian Casino rancheria has its own freekin’ Fire Department. Well, it’s good that you’re okay.
@ m:
Smart old gal.
Nevergiveup wrote:
Yea. The Sea Streak to NJ is expensive. The East River Ferry is a little more than the subway but it is totally worth it.
Nevergiveup wrote:
Here it comes Doc… (and he aint even started speaking yet)
DJIA $DJI
11,073.23
-371.38
(-3.25%)
NASDAQ $COMP
2,422.94
-109.47
(-4.32%)
S&P 500 $SPX
1,149.06
-50.32
(-4.20%)
NYSE $NYA
7,077.08
-341.99
(-4.61%)
Nobody could possible be this stupid or incompetent, this has to be intentional.
Carolina Girl wrote:
So does Barona, but since they are one of the largest and most profitable Indian Casinos in California they also have Cal-Fire on speed dial.
chickadee wrote:
I’ve noticed that gasoline prices are coming down right now, but I’m willing to bet, in light of the current financial condition, oil prices will go back up. And as I said yesterday, people are being reminded of the dwindling purchasing power of a dollar every time they leave their house to buy something. Food prices have shot up through the roof. People are being reminded every time they go to shop to feed their families about the current state of affairs.
Even die-hard Obama supporters are going to be more than a little pissed when they’re living on Hamburger Helper and the media is showing Ocommie McMarxist living it up at yet another fundraiser. Those payments from the “stash” haven’t shown up yet.
And neither will the jobs.
Did it speak yet? Or is it late as usual?
@ Iron Fist:
That’s what I think might happen.
@ doriangrey:
Cleaning the sidewalsk and paining over grafitti.
Carolina Girl wrote:
Unemployment is 9.x%. That is the new normal. I wouldn’t be surprised if we start hearing Talking Heads referring to it as “Full Employment”, either. We are going to see the MFM go all out to win this one for Obama. Obama is revenge for the Reagan Administration to these people.
@ Da_Beerfreak:
Good to know. Thanks.
Iron Fist is correct about entitlements. We think of Europe, and to a lesser degree Canada as welfare states simply because of the health care systems.
But the United States is just as generous, if not more so. I worked for a computer company that tracked government dollars paying for the childcare for low income people. We have foodstamps, Section 8, tuition aid, all kinds of programs to give the poor a step up, but which usually just ends up as generational welfare.
Not only do we have an entire class of citizens dependent on the government, but we also have an entire strata of poverty awareness people and government workers whose sole jobs is to extract more money from the rich to give it to ‘the poor’. And if you give it away, someone will take it.
I owned Section 8 housing before. It drove me to drink. Poor in America is not waht poor is anywhere else in the world.
All of this free money has to stop. All of the people giving away the free money have to be gone too. This can’t go on.
Time for Zero to be on. I’m going to put my bets on peeved.
Nevergiveup wrote:
Her outfit more than makes up for it.
(maybe someone will toss a water balloon at her)
//
chickadee wrote:
I guess we won’t be expecting any word on the violent and often deadly flash mob riots overtaking America’s cities. Funny how when Obozo’s buddy over at Harvard, Skip Gates mouthed off to Cambridge cops during a routine call, he stopped everything and made a national announcement.
@ Urban Infidel:
I was going to do a post on it.
Carolina Girl wrote:
Yep, he is not looking good to a lot of people.
I can’t wait until his approval rating is in the 30′s.
I think he is down to 40% at gallup.
Nevergiveup wrote:
He’s late… as usual.
Nevergiveup wrote:
Give him a minute…he needs to swagger in….
Remember how punctual President Bush always was? I miss those little touches of professionalism….
Stateless_Infidel wrote:
That is exactly it. That is what I am referring to when I speak of the “Parasite Class”. A lot of those governmnet functionaries are banking good salaries for doing nothing that adds to society. They don’t help the “poor” get a leg up. They are part of the whole diseased structure that traps people in generational poverty, and provides for millions of reliable Democrat votes. That is why the Democrats don’t want to do anything about it. It is no coincidence thaty after 40 years of Johnson’s Great Society the same percentage of the population is in poverty. There was never any intention of moving them upward, just in fostering dependance.
Urban Infidel wrote:
zero will address the violent mobs of black thugs when one of them gets their head blown off by a victim who obviously was acting stupidly for trying to protect themselves and stay alive.
Stateless_Infidel wrote:
and class.
Bumr50 wrote:
Swagger in my ass, the secret service is probably trying to pry him out of the bathroom and away from the lines of coke on the toilet tank lid.
@ chickadee:
Correct me if I’m wrong, but I don’t think y0ou are seeing those flash mobs in States with liberal concealed carry rights…
@ Iron Fist:
This is Neo-Feudalism. Keep the serfs opressed.
DOW sitting at about 400 points down…
Well the Asshole-in-chief must be flapping out the side of his neck because the market is falling like a rock again.
DJIA $DJI
11,044.54
-400.07
(-3.50%)
NASDAQ $COMP
2,418.46
-113.95
(-4.50%)
S&P 500 $SPX
1,145.35
-54.03
(-4.50%)
NYSE $NYA
7,054.32
-364.75
(-4.92%)
Iron Fist wrote:
Here is an interesting article and a list of where they are happening.
http://www.alternativeright.com/main/blogs/zeitgeist/the-flash-mob-phenomenon/
@ Stateless_Infidel:
You’d think after Breitbart manned the podium after Weiner was late to his presser they’d think twice about making a roomful of Pressbots sit around.
I pretty much judge someone by if they can show up on time. Well men that is. Women, well what can I say?
chickadee wrote:
And then the remedy would be to tighten gun control laws. The touchy-feely libs absolutely hate it when victims defend themselves. Especially if its whites defending themselves against black racist mob attacks. The cognitive dissonance is enough to make their heads explode.
@ Bumr50:
Providing at least one reason everyone should be happy I’m around for now again.
I’ve finished Sowell’s “Housing Boom and Bust” and will be starting his “Visions of the Annointed” -- both recommended by Lobo.
And I forget who told me that you can download a Kindle App for my iPad and buy books from Amazon instead of iBooks. Definitely cheaper and a bigger selection. But thank you whoever it was.
Thomas Sowell is a worthy successor to Milton Friedman.
Nevergiveup wrote:
Probably a good idea to just keep your mouth shut on that one Doc…
@ Nevergiveup:
Um…can’t live with ‘em, can’t kill ‘em? 8)
DJIA $DJI
11,018.74
-425.87
(-3.72%)
NASDAQ $COMP
2,412.76
-119.65
(-4.72%)
S&P 500 $SPX
1,143.43
-55.95
(-4.66%)
NYSE $NYA
7,046.98
-372.09
(-5.02%)
@ chickadee:
At least Carter had the decency to give at least the appearance of conducting an austerity program in the White House during our period of national “malaise.” I’m sure Mr. Hot House Rhubarb will be cranking the heat up to 82 this winter again.
@ Iron Fist:
Thank you!! That’s why I like this blog. You people GET it. You get Islam, you get the economy, you get this stuff.
And thanks Iron Fist. You’re always kind and polite even though we disagree on my citizenship move. It’s appreciated.
@ Carolina Girl:
That’s so funny. I agree. Let’s get Breitbart in there. And chickadee is right, to keep everyone waiting…no class.
I’m going to have to get back to my own affairs soon.
doriangrey wrote:
Yup--good advice
Q: “Do the poor share responsibility for our economic woes?”
A: (Stacy) -- yes.
Tavis Smiley and Cornelle West don’t like the answer and get into it with CNN host. (Video)
Tavis Smiley -- debt ceiling vote is a “declaration of war on the poor”, no taxes on the “rich and the lucky”…
Its goes on & gets ‘better’.
Nevergiveup wrote:
*grabs handle of frying pan . . . . glares at Nevergiveup*
lol
btw, zero is always late because he is an effete scrunt.
@ Nevergiveup:
This shows you Obama never had a real job. SOmeone who did, would never keep showing up late.
chickadee wrote:
Hey I love women, but my wife and daughters wouldn’t be on time for their own funerals and for sure not mine!
@ citizen_q:
I am firmly convinced, in my best conspiracy mode, that the idea behind Fast and Furious was to bolster Obama’s claim about “90% of the guns in Mexico” having come from the U.S. (which means he definitely knew about it and was probably the initiating force) as a instrument to initiate oppressive gun control laws.
“Good afternoon
I would like to announce that between the time this press conference was announced and as I stand before you now, I have successfully impregnated Michelle, seen her take our third child to term and seen his delivery.
As your President of the United States, I’m very glad to present to you, my third child….Barack jr….”
Balance long term approach?
Nevergiveup wrote:
He’s habitually late for everything, Clinton had the same deplorable habit. It shows a basic lack of respect for those with whom you have the appointment, in this case, the American People.
Blaming Tea party
He is finally reading. Almost an hour late.
“10 Reasons Not To Read The Bible Literally” (so says this Huffpost Author)
What do we have to do to solve them?
1) Tax hikes
2) “modest” adjustments to Medicare
He is dumping on the rating agency, the R’s, the Tea Party, everyone . . . .
The plungers and working so hard and fast they are likely to burst into flames any minuets now.
@ Stateless_Infidel:
Which would quite likely be a Down’s Syndrome child, given the advanced age of both parents.
No plans.
What an arrogant prick. I’d like to wipe that smurk off his face with a 2 X 4
Nevergiveup wrote:
Heh heh heh, I believe it would be called, a Clue by Four Doc…
Nevergiveup wrote:
He’s posing as “the adult”, unconvincingly.
Has he mentioned millionaires, billionaires, and corporate jet owners yet? I just tuned in….
“I,,,THE OBAMA FROM ON HIGH FROM YOUR WASTE LAND IN D.C.”
“ALL OF YOUR PROBLEMS ARE DUE TO THE TEA PARTY TERROIST”
“THESE 60 TO 80 TEA PARTY TERROIST ARE HOLDING ALL OF U.S. HOSTAGE”
“SO SAY I AND ALL MY LITTLE GOFERS IN THE MSM”
YOUR EVER FULL OF SHIT AS A CHRISTMAS TURKEY’
“THE ONE AND ONLY PURE O’HOLE”
Will the Dow go down by 500 before he shuts the fuck up?
@ chickadee:
His blaming of a segment of the actual American voting public is absolutely appalling. I repeat: There were NOT enough TEA Party members of either the HOUSE or the SENATE to keep any measure from passing.
Bite me, President Jerk.
Jobs!
Infrastructure!
Scolding Republicans for not agreeing on things they’ve agreed to in the past.
Fuck*ng Japan? That’s the best you can do?
Obama gives us a AAA!!! “Some agency” doesn’t count.
@ Nevergiveup:
@ doriangrey:
ISTR that Moody’s may yet downgrade. What if they did just that, right after Обама finished reading?
@ Nevergiveup:
It’s at -450, under 11000 at this point.
/lurk
DJIA $DJI
10,994.33
-450.28
(-3.93%)
NASDAQ $COMP
2,407.40
-125.01
(-4.94%)
S&P 500 $SPX
1,139.68
-59.70
(-4.98%)
NYSE $NYA
7,018.10
-400.97
(-5.40%)
Macker wrote:
Can’t live with them, pass the beer nuts — Norm from the TV show Cheers
Kidding!
@ Carolina Girl:
By blaming the Tea Party, he blames The American People. [Deleted]
The same American people that disapprove of you are what makes the country great?
I don’t think I have seen a POTUS blame others so much. I guess he isn’t a “the buck stops here” kind of “leader”.
However, this is the first time ever the US credit rating was lowered: HISTORIC!
“We’ll always be a AAA country”. Heh, if he’s president much longer, most of us wil belong to AA.
Carolina Girl wrote:
Wait until we take the senate and throw him out on his skank ass.
@ Macker:
If Moody’s downgrades, I guess Warren Buffett won’t be getting a
ChristmasKwaanza card this year.I can’t believe he just USED the dead Military Members to call for the changes HE thinks America Needs? He just did that right? I heard right didn’t I?
@ Carolina Girl:
Let alone a Ramadan greeting!
@ Nevergiveup:
[Deleted]
Megyn Kelly’s back, whoopee! Lookin’ hot!
Carolina Girl wrote:
Your tinfoil hat and mine are resonating on the same frequency.
@ Nevergiveup:
Dear God is there no one in this administration giving President Rectal Opening decent advice? Does it occur to these clowns that it’s the sons and daughters of those terrorist TEA Party people that make up our military. Despite what that protozoa brained shithead from the Ho-ffingtonPuff said.
Macker wrote:
FTFY
Nevergiveup wrote:
Methinks you heard correctly, Doc. That’s the way I took it.
@ Nevergiveup:
@ Macker:
I loathe this man.
CNN “And he wants to show the investors on Wall Street he’s on top of this..”
…then it’d be nice if he wasn’t 50 minutes late..
Enough anger for today. Time to work.
Everyone take care.
Macker wrote:
That is exactly right. The majority of Americans want a balanced budget and a smaller more responsible gov’t. We are the main stream in this country,
zero and his cabal are the enemy, fringe traitors out to destroy 230 years of American exceptionalism.
@ Carolina Girl:
“President Rectal Opening”
ROFL
@ chickadee:
I can’t wait to see what the Democratic Propaganda Steno Pool will have to say about this. I think I can list a few talking points:
1. The President today finally gave the TEA Party the severe dressing down it deserved.
2. The President today gave Standard & Poor’s a dressing down for its capricious downgrading of the American economy.
3. The President today gave Republicans a long-overdue dressing down for their failure to compromise on the debt ceiling, because they were listening to a fringe segment of their constituents.
What, does anyone think, will be the MSM’s “catch phrase” of the day (i.e., “Kabuki Theater” or “Rearranging the deck chairs on the Titanic).
It’s not looking good folks, at this time last Thursday the market was only down -250 points. It’s already down -450 today I cant even imagine how much further it can go.
Being against the Tea Party is not “being against the American public” anymore than being against the Democrat party is. Sheesh.
It is cheap, diversion politics however for the POTUS and nearly 1/2 of the Government to blame a minority representation.
Rush is calling him “Debt Man Talking”
LOL
MacDuff wrote:
Expected better from those who trotted out Giffords out for the debt ceiling vote?
spit
DJIA $DJI
10,934.39
-510.22
(-4.46%)
NASDAQ $COMP
2,391.50
-140.91
(-5.56%)
S&P 500 $SPX
1,132.32
-67.06
(-5.59%)
NYSE $NYA
6,967.40
-451.67
(-6.09%)
@ Carolina Girl:
Great points. It is absurd to blame the Tea Party. The Tea Party in the House couldn’t even get Cut, Cap and Balance through the Senate, let alone get zero to sign it. This debacle is wholly owned by zero and the dims. But the mfm will continue spouting the lies. It will be the “Tea Party Downgrade.”
fcking bastards.
DJIA now down 474….
We must all learn to make this fool fear tea party America.
The tea leaf that I view by tells me tea party votes are all that count not.
We must all be tea leaf voters now.
Let the terror begin.
@ taxfreekiller:
that count now.
@ Carolina Girl:
I am absolutely convinced that you are right. That “90%” noise was too much official policy for them not to have known it was a lie. Fast and Furious just dovetails too neatly with it. It isn’t like the ATF has never been in shady “Law enforcement” actions…
DJIA $DJI
10,916.53
-528.08
(-4.61%)
NASDAQ $COMP
2,384.75
-147.66
(-5.83%)
S&P 500 $SPX
1,130.51
-68.87
(-5.74%)
NYSE $NYA
6,962.91
-456.16
(-6.15%)
Hold on to your a****les cause it’s going to get really bumpy…
@ taxfreekiller:
Shouldn’t be hard to do. I’m pretty sure everyone is going to need to buy groceries at least ONCE before November 6, 2012.
That’s a rhetorical question, right?
DJIA $DJI
10,860.26
-584.35
(-5.11%)
NASDAQ $COMP
2,368.98
-163.43
(-6.45%)
S&P 500 $SPX
1,121.67
-77.71
(-6.48%)
NYSE $NYA
6,915.84
-503.23
(-6.78%)
This is the markets response to Obama’s great speech.
So, no “iced tea” in the White House now uh?
Dow down over 500! GoBama! We can break 1000!!!! 11ty!!
looks like the o’hole put an additional 300 to 400 points on the down dji
@ doriangrey:
Gee…wonder how he’s going to blame that one on Michelle Bachmann and her merry band of domestic economic terrorists?
Could be Soros wrote his telapromter shit today and went “short” in the market.
@ taxfreekiller:
What is it they say? “Short and distort.”
Carolina Girl wrote:
Just like he did last time, he’ll throw a temper tantrum, stomp his feet and call everyone who fails to agree with him a racist.
“The Democrat Party is “Debt fools talking”
MacDuff wrote:
AA is for quitters! Drink!
Young, Bland and Spencer
The Republicans need to come out with both barrels blazing on this one. Obama’s incompetance and intransigance are why we were downgraded. PERIOD. If the Senate had passed Cap, Cut, and Balance, we might not have been downgraded. Where are the Republicans? They should have a response to this NOW. All out political warfare. Seek and Destroy…
Wow… This is desperation of EPIC proportions. The market has “Recovered to around -475, I guarantee you, this is 100 percent through FED injection of funding.
doriangrey wrote:
There, fixed that for ya!
OK, all Market transaction are experiencing significant delays again, the plungers aren’t working so they have delayed transactions again.
@ doriangrey:
The graph I am watching shows a sharp up tick that definitely doesn’t look natural.
New Thread.
@ MacDuff:
Mostly sarcasm.
S&P has downgraded Fannie Mae too, I see.
From AAA to AA+
That Fannie Mae was still at AAA tells me everything i need to know about S&P.