http://www.snopes.com/politics/soapbox/youscareme.asp

Originally Posted by gnu

http://www.snopes.com/politics/soapbox/youscareme.asp

Be careful GNU....I have been saying this on here for quite some time (albeit not as nicely worded) and have a reputation as one who does no research and obsesses on this mans background and training. I am told I over react, etc. and I just dont want you to get the same reputation as I have.

This President is NOT what folks who voted for him think he his..of that I am sure.....as I say....

do not listen to what he says....watch what he does

And should add look at the total package. He is so outlandish that we forget about what he has already done...he has been in office only 6 1/2 months !

The arrogant one doesn't want us to talk....He starts the video as a uniter then ends the video as a divider...How far he has fallen.....

http://www.youtube.com/watch?v=1dyY3...layer_embedded

"My financial and personal well being are totally in the hands of Barack Obama, Joe Biden, Harry Reid, Nancy Pelosi, Tim Geithner, Rahm Emmanual, Barney Frank, Chris Dodd, and Al Gore"

That one sentence could give you a real bad case of insomnia.

Originally Posted by gnu

http://www.snopes.com/politics/soapbox/youscareme.asp

If this person had confronted real issues rather than concentrate on character assination, I would possibly consider some credence to his ramblings. I certainly don't feel that this letter reflects "speak intelligently to our current problems" but, as I said, the author is merely ranting about a full-blown character assination.

Yes, Snopes did acknowledge the letter as being legitimate, however, Snopes does not reflect the opinion of subject matter.

Originally Posted by Keedy

"My financial and personal well being are totally in the hands of Barack Obama, Joe Biden, Harry Reid, Nancy Pelosi, Tim Geithner, Rahm Emmanual, Barney Frank, Chris Dodd, and Al Gore"

That one sentence could give you a real bad case of insomnia.

Well, let's see now.

Obama has been in office a little over six months and the stock market has gone up for the last five months in a row.

March.

April.

May.

June.

July.

In fact, the market's performance last month was the best July performance in 20 years.

The market is up 50% since March.

The market is already up another 2 1/2 percent in the first week in August.

Ooooooh. Scary!

Terrifying!

I can see why you suffer from insomnia.

Originally Posted by barb1191

If this person had confronted real issues rather than concentrate on character assination, I would possibly consider some credence to his ramblings. I certainly don't feel that this letter reflects "speak intelligently to our current problems" but, as I said, the author is merely ranting about a full-blown character assination.

Yes, Snopes did acknowledge the letter as being legitimate, however, Snopes does not reflect the opinion of subject matter.

Seems to me that Mr Pritchetts reasons are factual. If facts are reflective of a persons accomplishments, then let the facts speak for theirselves.
Handie

Originally Posted by MMOB1

Well, let's see now.

Obama has been in office a little over six months and the stock market has gone up for the last five months in a row.

March.

April.

May.

June.

July.

In fact, the market's performance last month was the best July performance in 20 years.

The market is up 50% since March.

The market is already up another 2 1/2 percent in the first week in August.

Ooooooh. Scary!

Terrifying!

I can see why you suffer from insomnia.

Do you really believe that OB and Company had ANYTHING to do with the stock markets rise? I have yet to read anything in the financial news that points to OB contributing to the turnaround. How handy it always is to give the sitting President ( of either party) credit when things go right and blame when things go wrong. You are here when you think that he has done a good job, lets see if you criticize him if he goes bust.

Originally Posted by MMOB1

Well, let's see now.

Obama has been in office a little over six months and the stock market has gone up for the last five months in a row.

March.

April.

May.

June.

July.

In fact, the market's performance last month was the best July performance in 20 years.

The market is up 50% since March.

The market is already up another 2 1/2 percent in the first week in August.

Ooooooh. Scary!

Terrifying!

I can see why you suffer from insomnia.

Good points. Yours truly is sleeping well these nights. We've recouped a good portion of our losses. No matter who is at the helm, if they can get the blame for things, I'll give them the credit too.

Originally Posted by Bucco

Be careful GNU....I have been saying this on here for quite some time (albeit not as nicely worded) and have a reputation as one who does no research and obsesses on this mans background and training. I am told I over react, etc. and I just dont want you to get the same reputation as I have.

This President is NOT what folks who voted for him think he his..of that I am sure.....as I say....

do not listen to what he says....watch what he does

And should add look at the total package. He is so outlandish that we forget about what he has already done...he has been in office only 6 1/2 months !

Thank you, but I'm not worried about my reputation. I'm not old, only 60 years young, but I've not had the easiest life and have learned to be comfortable with who I am. One of the hardest things to do, and one most people deny, is to be able to look in the mirror and see ones faults and admit them. To be totally honest with oneself is remarkably relaxing to the mind. I try always to be honest with myself and to others at all times and never feel uncomfortable about what others think of me.

Originally Posted by gnu

Thank you, but I'm not worried about my reputation. I'm not old, only 60 years young, but I've not had the easiest life and have learned to be comfortable with who I am. One of the hardest things to do, and one most people deny, is to be able to look in the mirror and see ones faults and admit them. To be totally honest with oneself is remarkably relaxing to the mind. I try always to be honest with myself and to others at all times and never feel uncomfortable about what others think of me.

You have a real good attitude. Good for you!!!

How about this guy?

http://www.youtube.com/watch?v=eH8pO...layer_embedded

Originally Posted by gnu

Do you really believe that OB and Company had ANYTHING to do with the stock markets rise? I have yet to read anything in the financial news that points to OB contributing to the turnaround. How handy it always is to give the sitting President ( of either party) credit when things go right and blame when things go wrong. You are here when you think that he has done a good job, lets see if you criticize him if he goes bust.

Absolutely. We are where we are today because of the actions of this administration to stabalize the banking system in March. And they did so by rejecting both the far right's call to let the banks fail and the far left's call to nationalize the banks and have the government take them over entirely. The course taken already has led to the banks returning to profitablity and the beginning of repayment of the bailout money.

But hey, I don't care who gets the credit; I am just happy to have my portfolio back to within 10% of where it was last fall. In fact, I plan to take some money off the table at this point and wait for the inevitable correction because the market is seriously overbought at this point. The S&P 500 may end up at between 1050-1100 by year-end as Abbey Joseph Cohen predicts, but I'm more than satisfied with the run-up from 667 to 1010 since March. If I miss some small gains by mis-timing the market, so be it.

The upcoming recovery could be V shaped or W shaped. The problem of course being that the upward recovery leg of a V and the initial accent in a W recovery look identical. In order for this to be a V recovery, we now need the private sector to ramp up production rather than concentrating on reducing top line costs and expenditures.

But unlike the poster to whom I initially responded, I am more worried about the Republicans than the Democrats. If the right succeeds in turning off the money spigot too quickly, it could put the breaks on this recovery and send us into a deeper double-dip recession. Although the D word is no longer being uttered, we could still suffer a lost decade as Japan did in the 90s if the economy is handled incorrectly. There is a lot of talk about hyper-inflation on this board, but the real problem is avoiding deflation. Once that is accomplished, then we can address long-term inflation concerns.

Stock market reacts to profits. During the 2002-2004 period we kept hearing of a jobless recovery. Now we have a job losing economy in 2009? How long can the market sustain millions of people not working and revenues coming in to the feds declining rapidly?
Sorry if I sound pessimistic but an economy that relies on the government printing and borrowing money to keep it afloat....

Originally Posted by Keedy

Stock market reacts to profits. During the 2002-2004 period we kept hearing of a jobless recovery. Now we have a job losing economy in 2009? How long can the market sustain millions of people not working and revenues coming in to the feds declining rapidly?
Sorry if I sound pessimistic but an economy that relies on the government printing and borrowing money to keep it afloat....

What's wrong with that? They do that in the banana republics most of the time, and what problems do they have? (gulp!)

A couple of observations that you may want to consider. If you look at the charts as Obama's numbers go down the market goes up. That really has little to do with things but I had to put that in.
Historically, (since measuring) a recession is 1/2 of a recovery time. We had the longest recovery period in history because (a) Bush economics worked to stretch it out and (b) Clinton worked very hard to stretch out the recovery period rather than letting the natural market work. Made them look good but had a terrible effect on the US economy. As a result we are in the longest recovery period and there is a push by the Obama people to try to hide it by some crazy socialistic practices. Be careful in getting excited by a market that looks like it is recoverying. It is being raised by unnatural economics and in the end it will most likely go deeper and last longer because of the Obama tactics. Some may be smart enough to speculate on a few stocks which is fine. Anyone who did not see this coming was asleep at the switch. I did not lose a penny as I yanked from the market when I saw what Clinton and Bush were doing and knowing that it was overpriced and that a correction (recession) had to happen. I am not getting back until I see that the politicians are more interested in letting the democratic market work rather than trying to protect their reputations and get members of their party elected. It should concern everyone that the politicians are playing in the market sandbox and their main objective is to get reelected or get one of their cohorts elected.
What is scary is that Obama has taken the approach that rather then letting the market correct itself he wants to convert to socialism. I believe that was on his list from the beginning and the market is just an excuse to go that way. Thank goodness the medical bill has been so bad as to wake the American's up and hopefully that will lead to moving the rascals out.