RSSStock Markets Seem to Love Obama’s Stimulus Package … NOT … Stock Market Reaches Pre-Bush 1997 Levels
Change you can believe in … Hope? REALLY?
If the markets keep tanking in a reaction to the Obama economic policies, the only change you can believe in will be that left in your pockets.
Don’t tell that to Wall Street and the stock markets. It appears that a “CHANGE” to 
socialism is not what the markets ordered. They continue to fall even after the Obama Stimulus bill was passed and he has put forth his mortgage plan. The stock markets are now at Pre-Bush levels. The markets are not only tied to profit and loss statements, they are tied to future economic prospects.
What does it tell you that the more Obama spends, the more the deficit is raised, the more it appears like a government take over, they more the markets tank. Wait until Obama tries to raise taxes in the midst of these economic woes. If the markets thought that Obama’s policies were a change in the right direction, we would be seeing a much different outlook.
The candidate who was elected as the MSM stated, the choice of hope over fear has provided nothing but fear when it has come to our economy. Even former President Clinton told Obama to put a sock in it when it came to scaring the American people.
Although the government has said it doesn’t want to nationalize banks, many investors are clearly still concerned that this could be a possibility as banks continue to suffer severe losses because of the recession. They’re also worried that banks’ losses will keep escalating as the recession sends more borrowers into default.
“The biggest thing I see here is the incredible pessimism,” Springer said. “The government is doing a lousy job of alleviating fears.”
Capitalism and the stock markets have never liked socialism and they never will.
As reported at The Gateway Pundit, Consumer Index Hits Record Lows. And Obama just continues to spend as Team Obama and the Democrats will give a billion dollar stimulus to Gaza.
Major stock market indexes fell to 1997 levels today.
Breitbart reported:Investors’ sagging confidence has pulled the major stock market indexes to their lowest levels in nearly 12 years.
The Standard & Poor’s 500 index fell to April 1997 levels Monday, while the Dow Jones industrial average reached its levels of October 1997 as investors succumbed to their growing worries about a recession that has no end in sight.
The Rasmussen Report shows that the Consumer Index that measures consumer confidence has fallen to its lowest level in the seven-year history of the Consumer Index.
The Rasmussen Investor Index fell nearly four points on Monday to 56.9, also a record low. For the Investor Index, the previous low had been established in mid-December.
The drop for both has been fairly significant. The Consumer Index has fallen eight points over the past month and 39 points over the past year. The Investor Index has fallen nine points over the past month and 45 points over the past year.
Posted February 24, 2009 by Scared Monkeys Barack Obama, Economy, Government, Politics, WTF | 45 comments |
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45 Responses to “Stock Markets Seem to Love Obama’s Stimulus Package … NOT … Stock Market Reaches Pre-Bush 1997 Levels”
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so you are going to listen to Wallstreet and take their advice…..??
Hay, tell the Pres to SHUT UP! Every time he opens up his mouth the markets drop like a rock. Look out he is scheduled to BS us some more tonight..JS
Funny Dolf. The underlying point to your post I think is that Wall Street and the markets are not indicative of anything except the tired ideas and hysteria of the turkeys who got us into this mess.
Luckily the American people are supportive of other ideas.
From the NY Times.
“President Obama is benefiting from remarkably high levels of optimism and confidence among Americans about his leadership, providing him with substantial political clout as he confronts the nation’s economic challenges and opposition from nearly all Republicans in Congress, according to the latest New York Times/CBS News poll.
A majority of people surveyed in both parties said Mr. Obama was striving to work in a bipartisan way, but most faulted Republicans for their response to the president, saying the party had objected to the $787 billion economic stimulus plan for political reasons. Most said Mr. Obama should pursue the priorities he campaigned on, the poll found, rather than seek middle ground with Republicans.”
DOH. That’s everything this site does not want to know or pretends does not exist as they follow the fraidy cats of the market down the rabbit hole they made.
nono Seneca…..Tax Cuts..thats the cure to the worlds problems……..
btw. be ready to be flamed.
Glad that somebody is optimistic, according to the post above. I can’t see what supports it.
Yes, I imagine there is some politics-playing by some of the Republicans. I can’t imagine such a thing happening with the Democrats, of course.
More to the point … according to one article, the ‘stimulus’ package that came out today is loaded with pork and earmarked funds. You know, the stuff that Obama said he wasn’t going to allow.
I think that statement came out just last week.
Ah, well, that was LAST week….
House Democrats propose $410B spending bill
AP
2/13/2009
WASHINGTON – House Democrats unveiled a $410 billion spending bill on Monday to keep the government running through the end of the fiscal year, setting up the second political struggle over federal funds in less than a month with Republicans.
The measure includes thousands of earmarks, the pet projects favored by lawmakers but often criticized by the public in opinion polls. There was no official total of the bill’s earmarks, which accounted for at least $3.8 billion.
The legislation, which includes an increase of roughly 8 percent over spending in the last fiscal year, is expected to clear the House later in the week.
Democrats defended the spending increases, saying they were needed to make up for cuts enacted in recent years or proposed a year ago by then-President George W. Bush in health, education, energy and other programs.
Republicans countered that the spending in the bill far outpaced inflation, and amounted to much higher increases when combined with spending in the stimulus legislation that President Barack Obama signed last week. In a letter to top Democratic leaders, the GOP leadership called for a spending freeze, a step they said would point toward a “new standard of fiscal discipline.”
Either way, the bill advanced less than one week after Obama signed the $787 billion economic stimulus bill that all Republicans in Congress opposed except for three moderate GOP senators.
Apart from spending, the legislation provides Democrats in Congress and Obama an opportunity to reverse Bush-era policy on selected issues.
It loosens restrictions on travel to Cuba, as well as the sale of food and medicine to the communist island-nation.
In another change, the legislation bans Mexican-licensed trucks from operating outside commercial zones along the border with the United States. The Teamsters Union, which supported Obama’s election last year, hailed the move.
The Bush administration backed a pilot program to permit up to 500 trucks from 100 Mexican motor carriers access to U.S. roads.
The legislation covers programs for numerous Cabinet-level and other agencies, and takes the place of regular annual spending bills that did not pass last year as a result of a deadlock between the Bush administration and the Democratic-controlled Congress.
Congressional expenses are included. The bill provides $500,000 for what is described as a Senate “pilot program” that will defray the cost of mass mail postcards to households notifying them of a nearby town meeting to be attended by any senator.
Unfortunately, if McCain had been elected President, I think he would have approached this problem in the same way – by throwing cash at it. Instead of letting the inept, greedy and corrupt ‘die’ the death they need to die to allow for the correction that’s been on hold for years to take place. The required correction is being stalled to eventually become deeper, which in turn will create an even deeper correction WHICH WILL COME. Prepare yourselves.
What’s not to be optimistic about? Let see,
$750 billion TARP money,
$787 billion “stimulus” package chock full of pork, $250 mortgage bailout,
$40 billion AIG money and another $40 billion needed,
$100 billion automaker bailout (more needed), Fannie Mae and Freddie Mac bailout (more needed), $410 billion Omnibus bill chock full of pork
From the above list apparently money has started growing on trees!
Find a Tea Party near you
nurturer: While not a fan of McAmnesty, I disagree. Yes, I think McAmnesty would “reach across the aisle” and allow porky spending, but not to the degree the O has done. For one thing, I’m sure McAmnesty would not have allowed $900 million to the UN to spend on Hamas’ home in Gaza! O has not kept his promise to line item veto. He had no clue what he is doing and Pelosi and Reid have seen this as a social change spending bill (which I’m sure the O doesn’t object to).
What do y’all think about defecting to New Zealand as an option?
You want to know why we are in such a financial crisis. I know that dems want to blame Bush & the useless war on terror (they’re words not mine) but the truth is that the war is not senseless (we have save lives & freed the Iraqi’s from tyranny) Here are a few examples of wasteful spending:
1. $11 Billion to $22 billion is spent on welfare to illegal aliens each year by state governments. Verify at: http://tinyurl. com/zob77
2. $2.2 Billion dollars a year is spent on food assistance programs such as food stamps, WIC, and free school lunches for illegal aliens. Verify at: http://www.cis. org/articles/2004/fiscalexec. html
3. $2.5 Billion dollars a year is spent on Medicaid for illegal aliens. Verify at: http://www.cis. org/articles/ 2004/fiscalexec. html
4. $12 Billion dollars a year is spent on primary and secondary school education for children here illegally and they cannot speak a word of English! Verify at: http://transcripts. cnn.com/TRANSCRI PTS/0604/ 01/ldt.0. html
5. $17 Billion dollars a year is spent for education for the American-born children of illegal aliens, known as anchor babies. Verify at http://transcripts. cnn.com/TRANSCRI PTS/0604/ 01/ldt.01. html
6. $3 Million Dollars a DAY is spent to incarcerate illegal aliens. Verify at: http://transcripts. cnn.com/TRANSCRI PTS/0604/ 01/ldt.01. html
7. 30% percent of all Federal Prison inmates are illegal aliens. Verify at: http://transcripts. cnn.com/TRANSCRI PTS/0604/ 01/ldt.01. html
8. $90 Billion Dollars a year is spent on illegal aliens for Welfare & social services by the American taxpayers.
Verify at: http://premium. cnn.com/TRANSCIP TS/0610/29/ ldt.01.html
9. $200 Billion dollars a year in suppressed American wages are caused by the illegal aliens.
Verify at: http://transcripts. cnn.com/TRANSCRI PTS/0604/ 01/ldt.01. html
10. The illegal aliens in the United States have a crime rate that’s two and a half times that of non-illegal aliens. In particular, their children, are going to make a huge additional crime problem in the US .
Verify at: http://transcripts. cnn.com/TRANSCRI PTS/0606/ 12/ldt.01. html
11. During the year of 2005 there were 4 to 10 MILLION illegal aliens that crossed our Southern Border also, as many as 19,500 illegal aliens from Terrorist Countries. Millions of pounds of drugs, cocaine, meth, heroin and marijuana, crossed into the U. S from the Southern border.
Verify at: Homeland Security Report: http://tinyurl. com/t9sht
12. The National policy Institute, estimated that the total cost of mass deportation would be between $206 and $230 billion or an average cost of between $41 and $46 billion annually over a five year period.’
Verify at: http://www.national policyinstitute. org/pdf/deportat ion.pdf
13. In 2006 illegal aliens sent home $45 BILLION in remittances to their countries of origin.
Verify at: http://www.rense. com/general75/ niht.htm
14. The Dark Side of Illegal Immigration: Nearly One million sex crimes Committed by Illegal Immigrants In The United States.
Verify at: whttp://ww.drdsk. com/articleshtml
The total cost is a whopping $ 338.3 BILLION DOLLARS A YEAR.
When you ask someone to fix a problem, you usually don’t ask the ones that caused the problem to begin with. DUH?
Where is the loyal, patriotic, tax-payer American citizen in this above scenario….. ?
We are the PROVIDERS!!! !!!!!!!!! !!!!!!
PLEASE!!!
FUGET George Bush!! The worst EVER!!!! Make no mistake about it. Bush put us where we are today. Hell,George put Obama in the white house.
Senecafalls, you maybe are new around here. When polls are negative towards Obama we are told by Obamamites not to believe polls, some of us are still scarred by that stark reality.
Besides, the fact that the poll said that people are happy with Barrys performance but “Most said Mr. Obama should pursue the priorities he campaigned on, the poll found, rather than seek middle ground with Republicans.”
tells me that the question was skewed or the people have know idea what they are talking about.
What happened to the bi-partisan rehtoric spewed by Obama in his campain?
Oh, and Obama is the fear monger in this case. Where is the “we can do it” attitude he had when courting votes?
Wall street speculates based on trends, they obviously see no market in a socialist agenda, do you?
#10 – And I agree with you. Obambi is Pelosi’s and Reid’s handpuppet, and the so-called recovery spending bill is instead a long awaited opportunity to perform mass social engineering on the part of the Democrats.
However, McCain still would have thrown money at the problem and in so doing, prolong the inevitable. But you are correct in that, the amount of money would not have been in the quantities we’re seeing with right now being spent by the socialists, taxpayer money.
But then again, it’s what the majority deserves.
#11 – The recession is world-wide. And I believe, New Zealand is socialist as well. But, as compared to where I live, the weather is somewhat more tropical.
FYI http://www.secondamendment.net/2amdWARNINGFORAMERICA
Ya know, Wall Street has played a major role in the so-called economic diaster our country is facing.
Of course, with Osama Bin Laden Barack Saddam Hussein Obama in charge things will only get worse, and we are all chit out of luck!!
Grab you ankles folks, and kick your sweet a$$es bye, bye…
I meant kiss, not kick, but I guess the folks who voted the vermon into office can also kick their a$$es while they are at it…
blacks don’t participate in the markets, so why not crash it to promote your socialist agenda.
Thanks for the very informative post, Michelle, on the ILLEGALS
I vote we gather up all ILLEGALS, and send ‘em back to whereever they came from, regardless of whether or not they have children that were born here.
#22 Susan
Kick them out of our Country and stop spending our money on these illegals.
#7 Richard,
We’ve all heard this before, but it appears we are on the brink:
“There can be no permanent democracy. A democracy can only exist until voters discover that they can vote themselves money from the nations treasury. From that time on, the majority of the voters will always vote for the candidates promising the most money from the public treasury. The eventual result is a collapse of the democracy due to a loose fiscal policy. This is always followed by a dictatorship.” – Alexander Tyler
#12 Michelle,
It appears we would all be better off to move to another country, renounce our citizenship, and immigrate back to the US as illegal alliens…
Wah, wah, wah. I suppose you will all admit that you were all wrong when the recession is over. Bush put us right where we are at, and we will be lucky if we can fix his mistakes sometime before 2020.
___________-
SM: Typically economics are cyclical.
Obama’s policies may just actually prolong the recession.
We heard the arguments from Liberals for 8 years … rush to war … rush to judgment by GWB. However, in comparison … who rushed to judgment? Acting for the sake of acting without thought is fool hardy. America just doesn’t want something done, they want something fixed.
Sadly, Obama had a great opportunity and he blew it, a complete rush without even thinking of fact and consequences.
It was Obama’s cronies in the House & Senate who created the mortgage crisis.
He had an opportunity and his answer was to make us dependent on government for years to come.
R
doesn’t the US need those workers?
dolf – stay out of American politics and issues. Your views are not respected around here as you are not an American and can NOT even know what is going on over here except the bias media you read and follow like a dog in heat….a female dog….
go run around in your tulips! flamer!
#26, yes, but not all of them and there are legal migrant worker programs that have helped the US.
The liberals need these illegal aliens to weaken the middle class.
#25 “R” says: “It was Obama’s cronies in the House & Senate who created the mortgage crisis.”
Another no-nothing that spews partisan rhetoric without any facts to back it up. Lol.
Hey #23 Susan Metzger – how do you propose we do that?
OBAMA: “Regulations were gutted for the sake of a quick profit at the expense of a healthy market. People bought homes they knew they couldn’t afford from banks and lenders who pushed those bad loans anyway. And all the while, critical debates and difficult decisions were put off for some other time on some other day.”
THE FACTS: This may be so, but it isn’t only Republicans who pushed for deregulation of the financial industries. The Clinton administration championed an easing of banking regulations, including legislation that ended the barrier between regular banks and Wall Street banks. That led to a deregulation that kept regular banks under tight federal regulation but extended lax regulation of Wall Street banks. Clinton Treasury Secretary Robert Rubin, later an economic adviser to candidate Obama, was in the forefront in pushing for this deregulation.
http://www.foxnews.com/politics/2009/02/24/fact-check-president-glosses-complex-realities/
yoyodipstick – there are FACTS that support it…go ask Barney Frank and Christopher Dodd and their explotation of Fannie and Freddie…. you post nothing but the typical liberal rhetoric when it’s roundly known that liberals do NOT think period!
you mean scott, that you because i am not american you don’t respect my views…….
btw…are you talking for everybody else here?
think Red and Klaasend don’t really need you. They don’t always/never agree with me, but at least they try to post facts and try to keep it civilised.
oh btw. I also read foxnews on a daily basis…is that the bias media you are talking about
You are a DOLF if you believe that FoxNews isn’t fair and balanced. maybe you should tune over to FAR LEFT MSNBC to see the bias media. You only read and hear what you want to hear.
You post no facts to back up anything you say..NEVER so wtf are you talking about.
You know NOTHING about our plight so keep you fat mouth shut!
#32 You know Scott, I’m beginning to believe that Dolf is akin to YoYo & caesu from all his b.s. Just another anti-American trying to get under everyone’s skin.
so where am I anti American?
wait…thats 1 of your…facts
your so dismissing yourself
Dolf on February 25th, 2009 9:09 am
you mean scott, that you because i am not american you don’t respect my views…….
#29 – yoyo mutton arse
Who the hell is Susan Metzger??? #23 was posted by Michelle…mine was #22, but my last name isn’t Metzger.
And how do I suppose we get rid of all of the illegals? First, stop their medicaid, aid to dependent children, and food stamps for starters. If you are not a legal citizen of the US, you should not receive public assistance, period!
Second, huge fines should be imposed against companies/individuals who hire illegals.
Third, landlords who rent to illegals should also pay a huge fine.
Fourth, any illegal convicted of a crime (no matter how minor) should automatically be deported back to their place of birth. No need for our taxpayers to pay for illegals room, board, and public defenders.
The list goes on and on…
#23 – Michelle
Agreed!! Can we kick “yoyo” out, too…lol?
#36 Susan
Sounds good to me, kick yoyo, dolf, caesu and any of the other trolls….lol
#36 & #37— Since we’re posting about those individuals we’d like to kick off of SM…YOYO, DOLF, CEASU and how about HOPE/Patti….that woman is bonkers, Sorry. She gets on everyone’s nerves.
don’t kick them off, i want to hear what they say when their boy messiah doesn’t come through with all his promises.
let them stay by all means.he has already broken most of the promises he made to get elected. some are too proud to admit that they were wrong.
#39
We don’t have the authority to kick anybody off, we were just saying that we would like to send the illegals back where they came from and while we are at it we’ll send dolf, yoyo, ceasu along with them.
They are good for a few laughs but it gets old listening to their same rhetoric over & over with no facts to back them up. Kinda like arguing with a wall.
#38 – ANewGirl
You mean I’m not the only one here who can’t stand hopeless, pitiful Patti aka HOPE aka Fox Fire aka Fire Fox aka Queen of the Arawak Nation?!?!? ROFLMAO
Geez, if we only could 
You are the first person I’ve seen who has came out and call her bonkers, but you are right, and there’s no need to apologize.
I’m glad to hear I’m not the only one she irritates…lol.
lol@Michelle
typical rightwing republican reaction
we no like, we kick out
US, land of the poor, home of the deporters
#42 And what’s wrong with that?
not much, if your a fascist or communist…..
I think that the stimulus package have helped a lot in restoring the economy. right now we can see some improvements in the economy. right now we can see some improvements in the eco,*’