AN OBAMA PANIC ON WALL STREET?
According to market analysts, the markets are getting worse as Sen. Barack Obama’s lead widens in the polls.
Most investors know the devil is in the details – and the details of Obama’s economic plans are anything but reassuring.The country is headed for recession; the only question is: Just how low can the markets and economy go?
It could be a lot lower – it all depends on the policies of the next president.
And, as it looks increasingly likely that Obama will be that man, the markets are casting a vote of “no confidence.”
At least one top Wall Street executive, an Obama supporter from the start of his campaign, has recently urged Obama to rethink his tax plan – and that was before last week’s record losses on the Dow.
But if Obama is rethinking [his tax plan], he’s not saying. As his running mate, Joe Biden tells us that it’s patriotic to pay higher taxes, Obama remains committed to squeezing businesses even if the recession grows. (Source)
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28 Responses to “AN OBAMA PANIC ON WALL STREET?”
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I just voted for Barack Obama on my lunch I voted straight democratic!!!
McCain’s tax plan will maintain the status Quo…which is why we are in this mess to begin with!
I hope it crashes completely, so they’ll learn to keep republicans out of office. If they’re so upset about the bad numbers they should vote democratic and stop worrying about Obama’s tax plan, Im sure its similar to the one we had when Clinton was in office, and if not so WHAT, the rich should GET OVER IT.
Thats what they wanted the middle class to do, in 2004 when they voted GW BACK in office…so the hell with squeezing every dime outta their azzes
I just wanted everybody to know that the post, owned by murdoch endorsed McCain. Ive made it a point to click on these “sources”, sandra is getting info from. And its the policies mcsame voted for y its going the way its going…..puhleeze
mizzdallas Says:
I just voted for Barack Obama on my lunch I voted straight democratic!!!
~~~~~~~~~~~~~~
I voted after work yesterday. There were about 3 dozen ppl there + the workers. I was in and out quickly. Nov 4th is going to be a mess. Ppl if you can, take advantage of the early vote.
OKay miss Sandra we know you hate our friend Barack We get that.
But inbetween watching CNN, Faux, and MSNBC my brain needs a brake from politics and even structured thinking and I NEED Gossip. Can we please focus on Gossip and get some juicy stuff goin on in here?
How bout Nas and Kelis, anybody got any word on their status? Married, Seperated? I heard they were on the rocks. From a blind item YOU gave. Any info on that?
I voted Wed’s 2 hrs in line … got a lil emotional when I cast my ballot …
and just WHO is the source here ?
thank you @ starr .. i can’t be clickin on stuff all willy nilly on da man’s puter ….
Sandra puhleeze, the NY Post? That newspaper has no credibility in this city.
FYI NY Post and Fox News owned by the same guy -Rupert Murdoch
And I agree…no one is bailing out families directly that have money issues….idk why the “rich” should pay less taxes then the middle class….they can afford to put money into the economy. Other’s who make less will use that extra money to purchase things that will flourish the economy. Maybe I’m missing something?
Just to be fair Sandra why is it that you post negative stories about Obama, but when you post stories about McCain or Palin it’s always about how crazy Obama followers are doing them wrong?
Boy does he look nice in that suit. Those shoes are hawt!
Yawn. ZZZZZZZ
Ya’ll know Sandra is gonna hate on Barack when/where/however it can be done. This crash has nothing to do with Obama’s plan. The worse the economy gets, the less folks vote for Republicans and the more they turn towards someone with some different answers – Obama!
@ Mizz Dallas, where did you vote? I had to go pay a ticket in Oak Cliff the other day on Beckley and the courthouse was PACKED with voters – beautiful!
Damn that Barack! It’s cloudy in Charlotte today and I just know it’s his fault.
@17
It raining here. I blame it on Barack AND hip-hop, especially Lil Weezy, for making it rain in the maternity ward.
ashley todd is a fraud. they just posted it on cnn. she made it up.
@bird it is raining here in raleigh. kinda hard. no state fair for me.
Hey! Anna I surprised that there wasnt any line yet when I walk in it took me all five minutes!!!
@The divine Ms. K I went to the records building right on 509 main street you cant miss it.
hey! The divine ms. k, if you need locations I got them hit me up at my email address @ mizzdallas@gmail.com
High oil barrel prices(Saudi just limited it to 1.5 million barrels today, even higher prices soon), 851,000 homes in foreclosure since August (prices still decreasing), 6.1%, as of Sept., of the people are unemployed in the Nation (i.e 25% of Chryslers white collar workers have to take a pay cut), 500B owed to China, 700B Rescue (Bailout) Plan, 3B a day in Iraq (almost 10B a week), A down sliding economic cruch of credit (or capital) available globally since late 2006.
Ummm, Obama’s Fault? NOPE
Oh,yeah! Sandra stop being chicken! Go ahead and endorse someone already!
Thanks @ MizzDallas. I live in Desoto and I think I’m going to go to one of the junior highs over here. I was gonna try to pay my speeding ticket (boo me) and then vote, but I had to get back to work and the line for voting was looonnnnnggg!
@Bird:
Love the sarcasm.
I mean this man isnt even in office and already its his fault? WOW. They keep looking at the bigger picture, but IM tired of doing that when Im living paycheck to paycheck I need relief in MY house, damn the economy for real. We been in deficit for 20 years now, whats the difference? Lets try something else.
We need to get that 700 BILLION back from somewhere, and I sure don’t have it. Let the businesses pay- they’ve been riding high these last 8 years off Bush’s “tax the poor” policy that they got it to spare.
No matter who wins this race, it will take several miracles to get this great nation out of this financial mess. (Believe it or not, now is the time to buy stock, it’s gonna go back up and stay up when Obama wins.) One things for certain, taxes gotta go up FOR EVERYBODY THAT HAS A JOB ’cause how else we gonna pay this 700 trillion plus debt off with most of our industries sold to China, except for our hip-hop industry. Boy, if they all pooled their money…..I’m just saying.
OBAMA OBAMA OBAMA
Lol @ Bird’s crazy self. The last time the market bottomed out was in 1987 when the DOW dropped to 1600. Then the smart ones bought up everything in sight and the market rallied to 13000. I’m waiting for the DOW to bottom out at around 2500 then I’m going to buy, buy, buy!
This is what Warren Buffet was talking about when he encouraged the common folk among us to buy stocks — but wait until the market crashes because it can’t go anywhere else but up.