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Bloviating Zeppelin: The Stock Market:

Bloviating Zeppelin

(in-ep-toc'-ra-cy) - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

Tuesday, February 24, 2009

The Stock Market:

Reached a twelve year low on Monday.

The government: "We're stepping in, or the markets will collapse."

The stock markets: the government stepped in, and the stock markets are collapsing.

For Mr Obama allegedly doing The Right Thing, with billions and billions of dollars infused into hands other than those of the taxpayer, why is it that nothing is happening?  

Did we not see The Light?  Have we not been cleansed of our sins by electing the Obamessiah?  Change was expected.  Immediate Change.  Where is this Change?

Help us, Obama-wan-Kenobi.  You're our only hope!



Blogger A Jacksonian said...

Thats how this started, remember? TARP getting stalled and the markets go up, then it passes and markets plunge.... like they were telling us something.

Mon Feb 23, 06:35:00 PM PST  
Blogger Bloviating Zeppelin said...

I know that AJ knows all. I for the life of me cannot think of the specific acts or edicts that mandated US lenders essentially grant sub-prime loans to those whom those institutions knew had to capability to repay. What were those acts or bills?


Mon Feb 23, 06:51:00 PM PST  
Blogger Bloviating Zeppelin said...

Read: "NO ability to repay."


Mon Feb 23, 06:51:00 PM PST  
Blogger TexasFred said...

If bullshit were the price of gold, Obama would be the richest man on earth...

Mon Feb 23, 07:34:00 PM PST  
Blogger Bloviating Zeppelin said...

TF: OMG, so true.


Mon Feb 23, 07:37:00 PM PST  
Blogger Dionne said...

Yes, the stock market is speaking loud and clear on what it thinks of Obama's monstrosity aka stimulus bill and it isn't happy.

The revolt has begun. I'm advertising the Tea parties that are taking place all over the country.

Mon Feb 23, 11:30:00 PM PST  
Blogger shoprat said...

A twenty year low isn't far away.

Tue Feb 24, 03:59:00 AM PST  
Blogger Mahndisa S. Rigmaiden said...

02 24 09

Yes Dee you sound like an insurgent now. I have said this on other sites, but a true revolution MUST occur in this country. The Banking system is running our lives on so many levels. You tell me the sense it makes to prop up failing businesses that cooked their books and robbed consumer citizens. It just doesn't make sense unless we admit the Godhonest truth; our politicians are corrupt and in bed with these sickos.

We need REAL human representation by strong men and women with ganas, these people must be strong to enough to stand on moral principles and say "Screw greed when its my country at stake!"

Yes, and the Tea parties are so cool! I would love to make it to one is Boston, simply for shits and grins.

Tue Feb 24, 04:39:00 AM PST  
Blogger Bloviating Zeppelin said...

In Obama's speech tonight, does anyone think there will be even the glimmer of a SPECIFIC regarding his plan for recovery? Perhaps an actual FACT making its way into the speech? Anyone? Bueller?


Tue Feb 24, 05:32:00 PM PST  
Blogger Average American said...

BZ, I think you are talking about the "Community Reinvestment Act of 1977" and all of the tweaking amendments since then, especially the 1995 additions.

Tue Feb 24, 11:54:00 PM PST  
Blogger Rivka said...

We took our funds out of the market when all of this started happening. If we hadn't we would have lost $40K by now. We only lost $5K and will get that back eventually. We are waiting for a turn before we reinvest.

We may be waiting a while. Even if the market rebounds in 2 years, Obama will probably take advantage of it and raise taxes. I want to wait to re-invest until we have a real conservative congress and presidency at the helm and some of this damage is undone.

Wed Feb 25, 05:59:00 AM PST  

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