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Getbig Main Boards => Politics and Political Issues Board => Topic started by: 240 is Back on June 11, 2009, 09:34:09 AM

Title: DOW hits 8800
Post by: 240 is Back on June 11, 2009, 09:34:09 AM
All this praying that Obama's economic policy would fail, and still we're appraoching 9000.
Title: Re: DOW hits 8800
Post by: BM OUT on June 11, 2009, 09:37:17 AM
Another 600,000 jobs lost.Thats change we can believe in.He has failed.The stimulous has done NOTHING.It hasnt helped create ONE job.HE HAS FAILED!!!
Title: Re: DOW hits 8800
Post by: 240 is Back on June 11, 2009, 09:39:51 AM
Another 600,000 jobs lost.Thats change we can believe in.He has failed.The stimulous has done NOTHING.It hasnt helped create ONE job.HE HAS FAILED!!!

job loss peaked when Bush left office.  Obama has improved things every single month. 
Title: Re: DOW hits 8800
Post by: LurkerNoMore on June 11, 2009, 09:40:41 AM
Obama really get in your head doesn't he Billy?
Title: Re: DOW hits 8800
Post by: BM OUT on June 11, 2009, 09:42:22 AM
job loss peaked when Bush left office.  Obama has improved things every single month. 

That is a TOTAL lie and a fraud.The unemployment rate was UNDER 8% with Bush,its now over 9%.Please,you sound as dumb as Olberman.
Title: Re: DOW hits 8800
Post by: Soul Crusher on June 11, 2009, 09:43:42 AM
job loss peaked when Bush left office.  Obama has improved things every single month. 

Unbelievable!!!!!!!!!!!!!!!!!


1.6 million jobs loss since the stimulus and you have the balls to say this????
Title: Re: DOW hits 8800
Post by: GigantorX on June 11, 2009, 09:46:56 AM
All this praying that Obama's economic policy would fail, and still we're appraoching 9000.

Who says the market has anything to do with the economy? Isn't that what Obama said, "that a healthy Wall St doesn't equal a healthy Main St?". Who says his "economic policy" (what is his policy exactly?) has anything to do with this? Lets stay objective here, we are still way in the hole.

The market isn't necessarily going "up" because of the fundamentals are improving. Lots of involvement with major institutions and the Fed with a boatload of printed money.

Unemployment still high and will probably go above 10%, oil/gas going up through $75 per barrel/3.00 a gallon.

Lots of propaganda by the media and government out there that is producing lots of speculation.
Title: Re: DOW hits 8800
Post by: Soul Crusher on June 11, 2009, 09:50:05 AM
Obama really get in your head doesn't he Billy?

So would any marxist/racist/communist/liar/bi-sexual/cocaine sniffing/foreign born/incompetent/ fraud who was hell bent on destroying our country by printing trillions of dollars with a printing press to fund garbage govt programs and stimilus programs that drive us into bankruptcy. 

Hey lurker - serios question -  do you still have your Obama sticker on your car??? 
Title: Re: DOW hits 8800
Post by: Benny B on June 11, 2009, 10:15:23 AM
So would any marxist/racist/communist/liar/bi-sexual/cocaine sniffing/foreign born/incompetent/ fraud who was hell bent on destroying our country by printing trillions of dollars with a printing press to fund garbage govt programs and stimilus programs that drive us into bankruptcy. 
 
LOL  :D
(http://maximumbob.files.wordpress.com/2008/10/computer_meltdown2.jpg)


The greater the success, the greater the desperation and pathetic vitriol.


Title: Re: DOW hits 8800
Post by: BM OUT on June 11, 2009, 10:16:39 AM
LOL  :D
(http://maximumbob.files.wordpress.com/2008/10/computer_meltdown2.jpg)


The greater the success, the greater the desperation and pathetic vitriol.




There has not been ONE SINGLE SOLITARY success in this administration.Its one failure after another.
Title: Re: DOW hits 8800
Post by: Soul Crusher on June 11, 2009, 10:18:04 AM
There has not been ONE SINGLE SOLITARY success in this administration.Its one failure after another.

Blow-job boy still has a glory hole in his Obama cardboard Obama figure in his bedroom. 
Title: Re: DOW hits 8800
Post by: headhuntersix on June 11, 2009, 11:36:53 AM
That is a TOTAL lie and a fraud.The unemployment rate was UNDER 8% with Bush,its now over 9%.Please,you sound as dumb as Olberman.

um 240....
Title: Re: DOW hits 8800
Post by: shootfighter1 on June 11, 2009, 11:45:52 AM
The dow is up a bit...thats a good sign, but is only one indicator of what is going on.

With the insane amount of $ that was spent on the stimulus, TARP and other bailouts, we should be seeing dramatic recovery if these programs were worth while.  We have seen a little improvement in the dow but experienced greater unemployment than predicted by the Obama administration, worse national debts, appears like there will be less growth than predicted later this year, a devaluation of the currency with all the money that was printed and the gov has imposed its will on private industry.
Title: Re: DOW hits 8800
Post by: GigantorX on June 11, 2009, 11:58:28 AM
The dow is up a bit...thats a good sign, but is only one indicator of what is going on.

With the insane amount of $ that was spent on the stimulus, TARP and other bailouts, we should be seeing dramatic recovery if these programs were worth while.  We have seen a little improvement in the dow but experienced greater unemployment than predicted by the Obama administration, worse national debts, appears like there will be less growth than predicted later this year, a devaluation of the currency with all the money that was printed and the gov has imposed its will on private industry.

This was ole' 240 trying to start something, but it totally backfired.
Title: Re: DOW hits 8800
Post by: 240 is Back on June 11, 2009, 12:27:46 PM
it was an avalanche of unemployment from sept 2008 when the oil run happened, up until jan 2008 when it began turning around.

it's turning around. 
Title: Re: DOW hits 8800
Post by: The Showstoppa on June 11, 2009, 12:31:35 PM
it was an avalanche of unemployment from sept 2008 when the oil run happened, up until jan 2008 when it began turning around.

it's turning around. 

240, a chart of "job losses", huh?  Think on that for a second...of course there is going to be eventually less "job losses" because there are less jobs to lose.
Title: Re: DOW hits 8800
Post by: Kazan on June 11, 2009, 12:34:35 PM
Interesting 240, maybe you send that chart to the 20 people who just got laid off from my company last week. I'm sure that will make them feel much better ;)
Title: Re: DOW hits 8800
Post by: 240 is Back on June 11, 2009, 12:43:26 PM
Interesting 240, maybe you send that chart to the 20 people who just got laid off from my company last week. I'm sure that will make them feel much better ;)

I don't blame the economy crash of Sept 2008 on bush.  I blame it on greedy people who ran up oil prices.

This hurt many sectors, and this hurt peaked in Jan 2009.  There is a turnaround in motion now, and while it sucks, the bleeding is lessening.  Once it hits zero, the trend will continue and we'll see job growth.

Nobody here expected things to turn around overnight.  700,000 jobs lost in january.  nobody thought it'd be zero jobs lost in Feb, did they?  ???

My point is that the DOW is steady, the bleeding is stopping when it comes to unemployment, and yes, we may hit 11%, but then positive growth will return when it hits that zero mark and starts going positive.
Title: Re: DOW hits 8800
Post by: BM OUT on June 11, 2009, 12:57:08 PM
I don't blame the economy crash of Sept 2008 on bush.  I blame it on greedy people who ran up oil prices.

This hurt many sectors, and this hurt peaked in Jan 2009.  There is a turnaround in motion now, and while it sucks, the bleeding is lessening.  Once it hits zero, the trend will continue and we'll see job growth.

Nobody here expected things to turn around overnight.  700,000 jobs lost in january.  nobody thought it'd be zero jobs lost in Feb, did they?  ???

My point is that the DOW is steady, the bleeding is stopping when it comes to unemployment, and yes, we may hit 11%, but then positive growth will return when it hits that zero mark and starts going positive.

Since the stimulous passed we have averaged 600,000 job losses a month.This stimulous was supposed to provide immeadiate benefits with shovel ready jobs.ITS BEEN A TOTAL FAILURE!!!The job losses have not slowed a bit.Unemployment will hit 10%.Again,its over a trillion dollars wasted.
Title: Re: DOW hits 8800
Post by: The Showstoppa on June 11, 2009, 12:59:25 PM
I'll reiterate, of course eventually there are going to be less "job losses" because there are going to be fewer jobs to lose. 
Title: Re: DOW hits 8800
Post by: 240 is Back on June 11, 2009, 12:59:53 PM
Since the stimulous passed we have averaged 600,000 job losses a month.This stimulous was supposed to provide immeadiate benefits with shovel ready jobs.ITS BEEN A TOTAL FAILURE!!!The job losses have not slowed a bit.Unemployment will hit 10%.Again,its over a trillion dollars wasted.

What month did the stim pass?
Title: Re: DOW hits 8800
Post by: BM OUT on June 11, 2009, 01:01:02 PM
What month did the stim pass?

The end of Jan?
Title: Re: DOW hits 8800
Post by: 240 is Back on June 11, 2009, 01:01:29 PM
I'll reiterate, of course eventually there are going to be less "job losses" because there are going to be fewer jobs to lose. 

very good point.

reminds me of the celebration behind "Civilian deaths are down in iraq this year!"

In reality, it's because everyone who lived in that block got killed or moved... there was nobody left for teh bad guys to target!
Title: Re: DOW hits 8800
Post by: 240 is Back on June 11, 2009, 01:02:52 PM
The end of Jan?

okay, then from the moment the stim bill passed, the avalanche of job loss began to reverse itself.

You can say it wasn't cause/effect, but the biggest slide in US job history suddenly being countered with the biggest spending bill in  history, and immediately the job slide makes a U-turn.

We're talking macro politics here - not micro.  You can't just employ 20 million people overnight.
Title: Re: DOW hits 8800
Post by: BM OUT on June 11, 2009, 01:05:45 PM
okay, then from the moment the stim bill passed, the avalanche of job loss began to reverse itself.

You can say it wasn't cause/effect, but the biggest slide in US job history suddenly being countered with the biggest spending bill in  history, and immediately the job slide makes a U-turn.

We're talking macro politics here - not micro.  You can't just employ 20 million people overnight.

We have steadily lost 600,000 jobs a month.The job losses have not slowed.Going from 630,000 job losses to 615,000 job losses is not slowing.Now,according to the mesiah,the stimulous created or saved 150,000 jobs.Talk about voodoo statistics.When Obama took over unemployment was under 8% ,its now almost 10%.Most would admit that that statistic alone might be a bit of evidence that job losses havent slowed.It has increased and continues to increase after throwing a trillion dollars at the proble.Obama has failed!!
Title: Re: DOW hits 8800
Post by: 240 is Back on June 11, 2009, 01:08:13 PM
We have steadily lost 600,000 jobs a month.

You are wrong.

We lost 600k+ in january.

According to the BLS, we have lost less jobs each month.

Now, is the BLS lying?

Title: Re: DOW hits 8800
Post by: Rami on June 11, 2009, 01:17:15 PM
All this praying that Obama's economic policy would fail, and still we're appraoching 9000.

Because the dollar is down, oil is up, hence wall street does well.
Title: Re: DOW hits 8800
Post by: 240 is Back on June 11, 2009, 01:22:10 PM
Because the dollar is down, oil is up, hence wall street does well.

Back in Nov 2008, the dollar was down and oil was sky high - and the DOW was at 7400.
Title: Re: DOW hits 8800
Post by: LurkerNoMore on June 11, 2009, 01:24:00 PM

Hey lurker - serios question -  do you still have your Obama sticker on your car??? 

I can't stand people who place stickers on their cars.  That annoys the piss out of me.  And people with the "In Memory of" graphics need to be forcefully run off the road.
Title: Re: DOW hits 8800
Post by: Rami on June 11, 2009, 01:26:22 PM
Back in Nov 2008, the dollar was down and oil was sky high - and the DOW was at 7400.

yep, so it's even worse. I wonder what people will say this November when DOW drops to 3000.
Title: Re: DOW hits 8800
Post by: BM OUT on June 11, 2009, 01:29:53 PM
You are wrong.

We lost 600k+ in january.

According to the BLS, we have lost less jobs each month.

Now, is the BLS lying?



The U.S. has lost 2.2 million jobs since President Barack Obama took office. According to the Bureau of Labor Statistics (BLS), the total number of jobs nationwide fell from 134.3 million at the end of January to 132.2 million at the end of May.

The unemployment rate now stands at 9.4 percent, up from 7.6 percent at the end of January.
 
“I think my initial measure of success is creating or saving 4 million jobs,” said President Obama on February 9.
 
Monthly job losses reported by the BLS are as follows:
 
Feb:     651,000
Mar:     663,000
Apr:     539,000
May:    345,000
Total: 2,198,000


Now,the last two months the losses have slowed.However,as the other poster posted,how many more jobs can be lost in the construction sector.There are only so mant people working.Again,the stimulous was supposed to create jobs,NOT slow job losses.It has  failed.It has not saved or created ONE job.Record deficits,inflation looming,deflation looming,a government take over and thus the wrecking of health care,he has failed and he will coninue to fail.He needs to go back to being a community destroyer like he was before,because as of now,he is a nation wrecker.
Title: Re: DOW hits 8800
Post by: 240 is Back on June 11, 2009, 01:35:16 PM
The U.S. has lost 2.2 million jobs since President Barack Obama took office. According to the Bureau of Labor Statistics (BLS), the total number of jobs nationwide fell from 134.3 million at the end of January to 132.2 million at the end of May.

The unemployment rate now stands at 9.4 percent, up from 7.6 percent at the end of January.
 
“I think my initial measure of success is creating or saving 4 million jobs,” said President Obama on February 9.
 
Monthly job losses reported by the BLS are as follows:
 
Feb:     651,000
Mar:     663,000
Apr:     539,000
May:    345,000
Total: 2,198,000


Now,the last two months the losses have slowed.However,as the other poster posted,how many more jobs can be lost in the construction sector.There are only so mant people working.Again,the stimulous was supposed to create jobs,NOT slow job losses.It has  failed.It has not saved or created ONE job.Record deficits,inflation looming,deflation looming,a government take over and thus the wrecking of health care,he has failed and he will coninue to fail.He needs to go back to being a community destroyer like he was before,because as of now,he is a nation wrecker.


You said we have lost 600k jobs per month, steadily.

Then you showed data that since he's taken over, he's made improvements

Feb:     651,000
Mar:     663,000
Apr:     539,000
May:    345,000

Which is it billy? 
Title: Re: DOW hits 8800
Post by: BM OUT on June 11, 2009, 01:40:40 PM

You said we have lost 600k jobs per month, steadily.

Then you showed data that since he's taken over, he's made improvements

Feb:     651,000
Mar:     663,000
Apr:     539,000
May:    345,000

Which is it billy? 

SORRY,IT WAS 540,000 A MONTH.YEP,YOU GOT ME,THINGS ARE GREAT.THE STIMILOUS IS WORKING LIKE A CHARM.GREAT POINT.LETS SEE,ONE TRILLION DOLLARS TO "SAVE" 60,000 JOBS.Do the math,come back to me and tell me whatt that equals per job and then tell me how things are better.
Title: Re: DOW hits 8800
Post by: 240 is Back on June 11, 2009, 01:43:55 PM
SORRY,IT WAS 540,000 A MONTH.YEP,YOU GOT ME,THINGS ARE GREAT.THE STIMILOUS IS WORKING LIKE A CHARM.GREAT POINT.LETS SEE,ONE TRILLION DOLLARS TO "SAVE" 60,000 JOBS.Do the math,come back to me and tell me whatt that equals per job and then tell me how things are better.

Oh, so you're averaging now?

Then you've now proven that the avg amount of jobs lost ech month has gone down each month thanks to obama.

Thanks, rahm!
Title: Re: DOW hits 8800
Post by: BM OUT on June 11, 2009, 01:47:59 PM
Oh, so you're averaging now?

Then you've now proven that the avg amount of jobs lost ech month has gone down each month thanks to obama.

Thanks, rahm!

Well what the fuck did you think I meant when I said 600,000 a month.That was an average.AGAIN,try to follow.When the messiah took office,the unemployment rate was under 8%[he predicted that would be the high point if his stimulous passed].Its now approaching 10%.ANYONE with even the slightest bit of common sense COULD NEVER EVER say "things are getting better".Only a fool like Olberman would say something as assanine as that.
Title: Re: DOW hits 8800
Post by: JOHN MATRIX on June 11, 2009, 02:46:01 PM
Olbermann is smarter than you, and he bases his conclusions on logic and good reasoning unlike right wingers.

haha its hilarious i can practically hear the pounding of the fists and the grinding of the teeth of all these right wing douches MELTING DOWN over mention of the name 'Obama'.

hahahahahahahahahaha how does it feel to know your side is drifting closer and closer to being totally obsolete every day?  ;D
Title: Re: DOW hits 8800
Post by: GigantorX on June 11, 2009, 02:53:25 PM
Olbermann is smarter than you, and he bases his conclusions on logic and good reasoning unlike right wingers.

haha its hilarious i can practically hear the pounding of the fists and the grinding of the teeth of all these right wing douches MELTING DOWN over mention of the name 'Obama'.

hahahahahahahahahaha how does it feel to know your side is drifting closer and closer to being totally obsolete every day?  ;D

You just discredited your entire existence with that statement.
Title: Re: DOW hits 8800
Post by: Soul Crusher on June 11, 2009, 03:05:28 PM
Olbermann is smarter than you, and he bases his conclusions on logic and good reasoning unlike right wingers.

haha its hilarious i can practically hear the pounding of the fists and the grinding of the teeth of all these right wing douches MELTING DOWN over mention of the name 'Obama'.

hahahahahahahahahaha how does it feel to know your side is drifting closer and closer to being totally obsolete every day?  ;D

You use the man who hides under the desk as your support???
Title: Re: DOW hits 8800
Post by: kcballer on June 11, 2009, 03:25:56 PM
Great news.  Of course no one will credit Obama for any of this.  Just like when the economy turns around it will be because "it was always going to happen" and have nothing to do with him being in charge.  That's just the way you guys work huh? Bash everything, retain nothing.  Almost Bruce Lee like, almost.
Title: Re: DOW hits 8800
Post by: GigantorX on June 11, 2009, 03:56:33 PM
Great news.  Of course no one will credit Obama for any of this.  Just like when the economy turns around it will be because "it was always going to happen" and have nothing to do with him being in charge.  That's just the way you guys work huh? Bash everything, retain nothing.  Almost Bruce Lee like, almost.

He really doesn't deserve credit for this. Only 5% stimulus money has been spent. Outside of that he really doesn't have an economic policy for us to say "Hey now, this shit is really working the way he said!"

Sorry.

And I don't mean to rail on you or anything but it leads back to what he promised with the stimulus, what he said the budget was going to hinge on etc. It really gets capped off with the original "the stimulus will create x amnt. jobs" which got, ever so subtley turned into "the stimulus will create or SAVE x amount of jobs" Now, there is no way to prove jobs saved or ,because the stimulus hasn't even really been spent yet, jobs created. Which is perfect for the admin. All of the economists on his team know that saying the stimulus will save jobs is a crock and if they weren't in politics at this point they would never be caught uttering those words.

It really is brilliant because all the admin. needs to say after another month of half a million job losses is say "Hey, it could have been 1 million jobs lost if not for my Stimulus Plan!". Even though there is not a shred of evidence, proof or statistics that can prove it.
Title: Re: DOW hits 8800
Post by: Benny B on June 12, 2009, 08:08:12 AM
The dow is up a bit...thats a good sign, but is only one indicator of what is going on.

With the insane amount of $ that was spent on the stimulus, TARP and other bailouts, we should be seeing dramatic recovery if these programs were worth while.  We have seen a little improvement in the dow but experienced greater unemployment than predicted by the Obama administration, worse national debts, appears like there will be less growth than predicted later this year, a devaluation of the currency with all the money that was printed and the gov has imposed its will on private industry.
You have no idea what you are writing about. ZERO
Title: Re: DOW hits 8800
Post by: Soul Crusher on June 12, 2009, 08:10:24 AM
You have no idea what you are writing about. ZERO

The only thing that is a ZERO is your false messiah who has racked up more debt in 200 days than all previous presidents COMBINED!
Title: Re: DOW hits 8800
Post by: headhuntersix on June 12, 2009, 08:11:33 AM
Ok Benny instead of cutting and pasting leftist bullshit, make ur own arguement. The dems in congress are backing away from this shit, the bailout money hasn't done anything, unemployment has gone beyond what ur messiah said it would..hmmmmm FAILURE.
Title: Re: DOW hits 8800
Post by: GigantorX on June 12, 2009, 10:05:45 AM
You have no idea what you are writing about. ZERO

You have to do better than that.

Copying and pasting doesn't count.
Title: Re: DOW hits 8800
Post by: MM2K on June 12, 2009, 10:25:55 PM

Quote
The market isn't necessarily going "up" because of the fundamentals are improving. Lots of involvement with major institutions and the Fed with a boatload of printed money.

Unemployment still high and will probably go above 10%, oil/gas going up through $75 per barrel/3.00 a gallon.

Not to mention a doubling of interest rates on treasury bonds. And higher mortgage rates.
Title: Re: DOW hits 8800
Post by: Benny B on June 13, 2009, 08:14:54 AM
You have to do better than that.

Copying and pasting doesn't count.
???