August 04, 2011
— Ace It's now gotten a little back, at -341, but this is a steeper month-long drop than we saw after TARP.
You'll be happy to know The Hill strives to pin this on the GOP.
The carnage on Wall Street, which precedes a widely anticipated jobs report due Friday, is likely to increase anxiety at the White House and in Congress on the troubled economy, as both sides have something to lose.
A worsening economy could hurt President ObamaÂ’s poll numbers and give hope to a field of GOP candidates running to replace him.At the same time, an economy that has slowed since Republicans won back the House in the 2010 midterm election will also raise questions about the GOPÂ’s economic stewardship.
After morning trading on Thursday, the Dow had lost nearly 1,100 points since July 25, the first day of trading after talks between President Obama and Speaker John Boehner (R-Ohio) on a big debt deal broke off.
By comparison, the Dow lost 819 points on Oct. 6, 2008, when the House failed to approve the Troubled Asset Relief Program (TARP).
How ya like them apples? The sell-off is not due to the double-dip that the market now seems to think is >50% likely, but rather because Republicans didn't give in to Obama's July 25th offer.
I see. I used to think the market was priced based on fundamentals and outlook and projected profits and consumer confidence and prospects for growth.
Now I see it turns exclusively on whether a a Speaker returns the President's phone calls promptly.
(The Rick Perry piece was put into draft as this is a breaking story, and commenters are talking about it.)
Posted by: Ace at
10:45 AM
| Comments (336)
Post contains 297 words, total size 2 kb.
Posted by: steevy at August 04, 2011 10:50 AM (Nspp5)
Because Obama said he'd take care of this; it wouldn't happen if we reformed Wall Street with Barney Doddsucker and Chris Franksucker.
Posted by: soothie at August 04, 2011 10:50 AM (sqkOB)
"We cannot simply go back to the way things used to be. We can't go back to an economy that yielded cycle after cycle of speculative booms and painful busts."
--Obama
December, 2009
(oh dear)
Posted by: soothie at August 04, 2011 10:51 AM (sqkOB)
Posted by: buzzion at August 04, 2011 10:52 AM (oVQFe)
Posted by: dudeformerlyinsantacruz at August 04, 2011 10:54 AM (BRa9r)
Posted by: GnuBreed at August 04, 2011 10:54 AM (ENKCw)
I can reek havoc on both posts just like what I'm doing to the markets right now....all it takes is me pressing a button, and .......poof........market mayhem.
Give me my QE3, bitchez!
Posted by: TooBigTooFail at August 04, 2011 10:54 AM (IxejE)
Posted by: Obumbles at August 04, 2011 10:54 AM (Nspp5)
the GOP's economic stewardship?
why, it's almost as if The Hill doesn't realize that the GOP only controls (say it with me, everyone) 1/2 of 1/3 of the government.
Posted by: soothie at August 04, 2011 10:54 AM (sqkOB)
Posted by: arhooley at August 04, 2011 10:55 AM (EVkXx)
Posted by: blaster at August 04, 2011 10:55 AM (l5dj7)
So, back to not opening my quarterly statements when they come in the mail.
Instead, I hurl the envelope into a drawer, jump under the covers, and hide there whimpering and quivering until I'm sure they won't get out and lay eggs in my stomach.
Posted by: arhooley at August 04, 2011 10:56 AM (EVkXx)
Posted by: laceyunderalls at August 04, 2011 10:56 AM (pLTLS)
Posted by: Tami at August 04, 2011 10:56 AM (X6akg)
The CP market is also in relative turmoil.
Need a laugh read the Ben Bernanke story again;
Drunken Ben Bernanke Tells Everyone At Neighborhood Bar How Screwed U.S. Economy Really Is
Posted by: Marcus at August 04, 2011 10:56 AM (CHrmZ)
Posted by: George Orwell at August 04, 2011 10:56 AM (AZGON)
Posted by: Dave S at August 04, 2011 10:56 AM (uHiz2)
....and electric bills skyrocketing...and food prices up by at least 20%...and unemployment....and....
Posted by: laceyunderalls at August 04, 2011 10:57 AM (pLTLS)
/show pic of Obama shirtless on beach; cue Go-Gos ♪ Vacation, all I ever wanted
Posted by: Mental Video Montage at August 04, 2011 10:57 AM (sqkOB)
The media doesn't get it.
A majority of voters gets it, though. Too bad they didn't get it in 2008.
Posted by: Z as in Jersey at August 04, 2011 10:57 AM (sXUiz)
We really could use a Barky speach about now.
Posted by: Mr. Maelstrom at August 04, 2011 10:57 AM (+ZX4J)
Posted by: mrshad at August 04, 2011 10:57 AM (Xqfwb)
Posted by: Mr Pink at August 04, 2011 10:57 AM (P50+P)
Watch Gold and Groceries, that is the key.
Posted by: Vic at August 04, 2011 10:58 AM (M9Ie6)
Pictures not for the weak-stomached. Gah.
Posted by: Jane D'oh at August 04, 2011 10:58 AM (UOM48)
http://tinyurl.com/3e8gu4a
Posted by: tmitsss at August 04, 2011 10:58 AM (V4Pya)
Is discussing the media's pretzel logic still worth discussing?
Oh, it's still not obvious to some? They still turn to them for news?
Okay. What? You say they still use the things they hear on TV during arguments and around the water cooler?
Huh.
Ponderous. What a country.
Posted by: Oh, Hi Mark at August 04, 2011 10:58 AM (CZ/rl)
Posted by: Village Idiot's Apprentice at August 04, 2011 10:58 AM (FWeqz)
So if republicans are to blame for the economy since January when they took over 1/3 of the government I guess it's ok to blame Obama for everything since he took over in January of 2009 isn't it?
I mean the I inherited it meme was just bullshit right?
Posted by: robtr at August 04, 2011 10:58 AM (MtwBb)
Posted by: Empire of Jeff, Jesusland Liberation Army - Political Terror Brigade at August 04, 2011 10:58 AM (lbo6/)
Posted by: blaster at August 04, 2011 10:58 AM (l5dj7)
Any more questions why they went with the debt deal?
Posted by: F--- Nevada! (I'm AoSHQ's DarkLord©, and I approve this message) at August 04, 2011 10:59 AM (GBXon)
Posted by: George Orwell at August 04, 2011 10:59 AM (AZGON)
The HILL is just about as big a Dem PR rag as the NYT. Who really gives a shit for what they say?
Posted by: Vic at August 04, 2011 10:59 AM (M9Ie6)
But it is time I go teach a certain fly about Newton's First Law.
Posted by: Guy Fawkes at August 04, 2011 10:59 AM (4QeK8)
Posted by: steevy at August 04, 2011 11:00 AM (Nspp5)
Posted by: George Orwell at August 04, 2011 11:00 AM (AZGON)
The Hill is Politico with crappier webmasters.
Posted by: DJIA at August 04, 2011 11:01 AM (GTbGH)
Posted by: FRONT TOWARD LEFT at August 04, 2011 11:01 AM (cbyrC)
Posted by: DJIA
It makes me sick this is happening but it's almost poetic given the date.
Literally everything this man touches turns to poopie-ca-ca.
Hes' a perpetual fuck-up.
Posted by: laceyunderalls at August 04, 2011 11:01 AM (pLTLS)
Comparing one day to weeks? Crazy talk--from increasingly desperate people.
Get Claude Rains out here to do his 'I'm shocked!!' bit
>>he's dead, Jim<<
Posted by: SantaRosaStan, revolutionary comrade at August 04, 2011 11:02 AM (UqKQV)
Posted by: JackStraw at August 04, 2011 11:03 AM (TMB3S)
Oh, they mean "dirty hobbits made us look at the truth of the fragility of the global ponzi."
Posted by: Methos at August 04, 2011 11:03 AM (sOXQX)
Posted by: George Orwell at August 04, 2011 11:03 AM (AZGON)
Holy crap, are you kidding me? They're not moderating comments at "Barack's Birthday Card." I said he's destroying America and my comment is sitting there with one Like.
Posted by: arhooley at August 04, 2011 11:03 AM (EVkXx)
Looks like they rewrote that. It now reads:
By comparison, the Dow lost 777 points on Sept. 29, 2008, when the House failed to approve the Troubled Asset Relief Program (TARP).
Posted by: Tami at August 04, 2011 11:04 AM (X6akg)
http://tinyurl.com/3e8gu4a
Posted by: tmitsss at August 04, 2011 02:58 PM
They've also decided to call in margins for gold, in case anyone decided to park their cash there. They're trying to keep the Ponzi going and it's getting desperate without Baghdad Ben's helicopter cash dumps.
Coming up next, the Mattress Tax!
Posted by: kbdabear at August 04, 2011 11:04 AM (Y+DPZ)
Tolja we should have pounded on that Weiner story and made the Dems own that brand. We let them up from it. Posted by: blaster at August 04, 2011 11:04 AM (l5dj7)
I'm making a note here:
"HUGE SUCCESS!!"
It's hard to overstate
my satisfaction.
Raise the debt ceiling;
We do what we must,
because we can.
For the good of all of us.
Except the ones who are boned.
But there's no sense crying
over every left fork.
You just keep on trying
till you run out of pork.
And the funding gets done,
and you have a great run
for the people who are
still un-boned.
I'm not even angry...
I'm being so sincere right now -
Even though you broke my heart,
and dissed me.
And called me a RINO.
And said you'd primary me now.
All that hate just hurt because
I was so happy for you!
Now, these points of data
make a beautiful line.
And we're into debt.
Falling faster with time!
So I'm GLaD, I got dissed -
Think of all the perks not missed -
for the people who are
still un-boned.
(Go ahead and leave me...)
(I think I'd prefer to stay inside...)
(Maybe you'll find someone else
to help you?)
Maybe Black Mesa?
That was a joke! HAHA!! FAT CHANCE!!
Anyway this pork is great!
It's so delicious and moist!
Look at me; still talking
when there's rulings to do!
When I look out there,
it makes me GLaD I'm not you.
I've economies to run.
There is research to be done,
on the people who are
still un-boned.
And believe me I am
still un-boned.
I'm doing voting and I'm
still un-boned.
I feel fantastic and I'm
still un-boned.
While you're dying I'll be
still un-boned.
And when you're dead I will be
still un-boned.
Still un-boned.
Still un-boned.
Posted by: ConGress at August 04, 2011 11:04 AM (kaalw)
Posted by: George Orwell at August 04, 2011 11:05 AM (AZGON)
Posted by: Joffen at August 04, 2011 11:05 AM (EPcuy)
So, Wall Street is freaking out because we haven't raised taxes enough? Is that the theory?
Posted by: blaster at August 04, 2011 02:58 PM
I believe it's always [insert disaster here] is happening because we haven't raised taxes enough.
Earthquakes and tsunamis not excluded.
Posted by: arhooley at August 04, 2011 11:05 AM (EVkXx)
Yeah, well, the fact that gold is breaking records isn't comforting.
Posted by: Ace's liver at August 04, 2011 11:06 AM (XIXhw)
.
Posted by: kansas at August 04, 2011 11:06 AM (nNgbi)
How's that Democrat Senate budget doing? Oh wait, Paul Ryan's budget proposal??...No, wait CCB? Gee what else has the House done the Democrat Senate has killed?
Can we make a list mindless, assclown, zombie-penis-suckers at The Hill?
Posted by: Marcus at August 04, 2011 11:06 AM (CHrmZ)
Posted by: 80sBaby at August 04, 2011 11:06 AM (o2lIv)
Posted by: CoolCzech at August 04, 2011 11:06 AM (kUaEF)
Republican stewardship of the economy.
I told you these guys cannot add.
Posted by: Circa (Insert Year Here) at August 04, 2011 11:07 AM (7utQ2)
That's nothing, there's a comment sitting there asking if he's going to visit Man's Country for his birthday. I think we just found the next Ron Paul Blimp(tm).
Posted by: Ian S. at August 04, 2011 11:07 AM (tqwMN)
Since 2006, it's be Democrat and still is.
Posted by: kansas at August 04, 2011 11:08 AM (nNgbi)
19.47 Only four companies in the FTSE 100 have ended the day in positive territory, on a day when the UK's leading index fell 3.43pc. The companies are Randgold Resources, Unilever, Imperial Tobacco and Rexam. Gold and tobacco both in demand...
Posted by: 80sBaby at August 04, 2011 11:08 AM (o2lIv)
"He hates the cans! Stay away from the cans!"
That's a great analogy.
Posted by: mikeyboss at August 04, 2011 11:08 AM (MX5qJ)
Posted by: CoolCzech at August 04, 2011 11:08 AM (kUaEF)
Posted by: blaster at August 04, 2011 11:08 AM (l5dj7)
Posted by: Just another stupid moonbat at August 04, 2011 11:08 AM (2oX2J)
Holy crap, are you kidding me? They're not moderating comments at "Barack's Birthday Card." I said he's destroying America and my comment is sitting there with one Like.
Posted by: arhooley at August 04, 2011 03:03 PM (EVkXx)
Make that 6 Likes
Posted by: buzzion at August 04, 2011 11:08 AM (oVQFe)
Posted by: Empire of Jeff, Jesusland Liberation Army - Political Terror Brigade at August 04, 2011 11:08 AM (lbo6/)
Gloom and despair as far as the eye can see, even gold is down on the day.
Posted by: Retread at August 04, 2011 11:09 AM (BO5ap)
Then unemployment would go down and the DOW would go up.
There would also be rainbows in the sky forever and magical unicorns would give everyone a brick of gold and free healthcare.
Posted by: Obama and The Dem's at August 04, 2011 11:09 AM (CHrmZ)
Heh, Check out the Hill piece again. The changed the quote regarding TARP.
"By comparison, the Dow lost 777 points on Sept. 29, 2008, when the House failed to approve the Troubled Asset Relief Program (TARP)."
Posted by: weft cut-loop at August 04, 2011 11:09 AM (DEcmU)
Posted by: SantaRosaStan, revolutionary comrade at August 04, 2011 11:09 AM (UqKQV)
While making a swap for a little tax raise might have sounded like a reasonable idea, like when they tricked Reagan with it but the democrats have burned us so many many many times where they promise a spending cut vs tax raise and then after we pass it, it turns out the cuts were just number gimmicks but the taxes were real. I cant fault the GOP for not wanting to get fooled by democrat accounting tricks again. Any tax increases I would rather the GOP write them.
Posted by: Shiggz at August 04, 2011 11:09 AM (v8Pb8)
Posted by: blaster at August 04, 2011 11:09 AM (l5dj7)
Well gee, whadaya know? I predicted a week ago that no matter what happened with the debt ceiling debate, the MFM would use it as an excuse to blame the Tea Party for any subsequent poor economic numbers. Predicting how the MFM will spin is easier than predicting what time the sun will rise tomorrow morning.
Posted by: mugiwara at August 04, 2011 11:10 AM (W7ffl)
Got a nasty feeling in my gut after answering a question in these parts earlier and hoping it's nothing...
Posted by: F--- Nevada! (I'm AoSHQ's DarkLord©, and I approve this message) at August 04, 2011 11:10 AM (GBXon)
Last week: Default will cause the Dow to collapse! You purists are playing games with the economy!
This week: (The Dow collapses)
Posted by: Bevel Lemelisk at August 04, 2011 11:10 AM (FkKjr)
Posted by: steevy at August 04, 2011 11:10 AM (Nspp5)
Arizona Grandma Happy Birthday Mr. President from Arizona. Thank you for being the best President in my lifetime. Thank you for blocking out the noise from people filled with hate. Thank you for showing us what it's like to have a President that's reasonable, pragmatic, intelligent and sane. Thank you for always doing your best in the face of impossible resistance. Thank you for having our backs. We will do our best to always have yours.
Posted by: Jane D'oh at August 04, 2011 11:11 AM (UOM48)
http://tinyurl.com/3onukuj
Posted by: Shiggz at August 04, 2011 11:11 AM (v8Pb8)
Posted by: Just another stupid moonbat at August 04, 2011 11:11 AM (2oX2J)
You know, I see this phrase popping up more and more often. It does kinda roll right off the tongue.
Posted by: King Barry The Magnanimous at August 04, 2011 11:11 AM (ENKCw)
Posted by: OCBill at August 04, 2011 11:12 AM (YJvVE)
Posted by: John Paul Dow Jones at August 04, 2011 11:12 AM (ddXFn)
Posted by: Guy Fawkes at August 04, 2011 11:12 AM (4QeK8)
Oh for fuck's sake.
Posted by: Sgt. York at August 04, 2011 11:12 AM (DwEmX)
Because of course no one remembers fucking three years ago when this happened and almost all of the losses were recovered the next day. It was only after TARP passed that the bottom fell out of the markets.
Oh and lol @ 72
Posted by: Methos at August 04, 2011 11:12 AM (sOXQX)
It may be a trap; you didn't leave your real e-mail address there, did you?
/I'm sure they may get some people foolish enough leaving less-than-flattering comments there with a real e-mail address, but hopefully not that many.
Posted by: Kratos (Ghost of Sparta) at August 04, 2011 11:12 AM (9hSKh)
Posted by: nickless at August 04, 2011 11:13 AM (MMC8r)
Posted by: CoolCzech at August 04, 2011 11:13 AM (kUaEF)
Holy crap, are you kidding me? They're not moderating comments at "Barack's Birthday Card." I said he's destroying America and my comment is sitting there with one Like.
Posted by: arhooley at August 04, 2011 03:03 PM (EVkXx)
But if we turn on moderation, we would also have to turn on credit card verification, and I needs me my Hamas and Al Qaeda campaign cash!
Posted by: Barack Hussein Obama at August 04, 2011 11:13 AM (c45xH)
Every fucking thing I've worked for gone because of this piece of shit in the WH.
I want to go from town to town and puch everyone in the face who voted for this worthless, stupid, useless, lazy, Marxist fuckweasel.
Yes, I am annoyed. If you are driving a Prius, Smart Car, Volt or Leaf stay the fuck out of my way on the freeway today.
Posted by: mpfs, Tea Party Terrorist at August 04, 2011 11:13 AM (iYbLN)
Since when are fiscal responsibility and government restraint drags on the US economy?
That's what The Hill is implying.
Posted by: Soothsayer at August 04, 2011 11:13 AM (sqkOB)
Posted by: Dave at August 04, 2011 11:14 AM (Xm1aB)
Posted by: JackStraw at August 04, 2011 11:15 AM (TMB3S)
Posted by: Guy Fawkes at August 04, 2011 03:12 PM (4QeK
Yeah, but it takes a bit for inflation to rob your cash of its value. You can jump into something else pretty much instantly. What you're worried about on days like today is you'll wake up tomorrow and find your stocks have gone down 60%.
Posted by: Ace's liver at August 04, 2011 11:15 AM (XIXhw)
Posted by: backhoe, Hobbit tea-roar-ist of Doom at August 04, 2011 11:15 AM (rFdqZ)
Posted by: No Whining at August 04, 2011 11:15 AM (Wqfrr)
Posted by: George Orwell at August 04, 2011 11:15 AM (AZGON)
Posted by: mpfs, Tea Party Terrorist at August 04, 2011 03:13 PM (iYbLN)
No worries: They'll just print more money for everyone, and make it all better
( / ) !!
Posted by: SantaRosaStan, not totally there yet at August 04, 2011 11:16 AM (UqKQV)
Posted by: Krazy Kat at August 04, 2011 11:17 AM (A23u6)
Posted by: mpfs, Tea Party Terrorist at August 04, 2011 03:13 PM (iYbLN)
Leave my Prius alone! It has a Gadsden flag decal on the back, so I'm a fellow terrorist.
Posted by: Pipboy 3000 at August 04, 2011 11:17 AM (c45xH)
So I'ma gonna pick busts. Busts all the way down, baby!
Posted by: No Whining at August 04, 2011 11:17 AM (Wqfrr)
Posted by: steevy at August 04, 2011 11:17 AM (Nspp5)
Posted by: Dumbass Obama Voter at August 04, 2011 11:18 AM (Xm1aB)
The Vampire Cronies of Hank Paulsentm hereby denounce you, sir.
Posted by: Circa (Insert Year Here) at August 04, 2011 11:18 AM (7utQ2)
No worries: They'll just print more money for everyone, and make it all better
Good - we need more fuel for the bonfires that'll keep the multitudes warm once virtually all forms of heating are priced out of existance.
Posted by: Kratos (Ghost of Sparta) at August 04, 2011 11:18 AM (9hSKh)
Dry good, canned goods, guns, bullets, and the stuff to reload your own bullets.
I don't need silver or gold. I'm going to rob all those fools that were hoarding it but neglected to think about protecting it.
Posted by: The Clueless GOP at August 04, 2011 11:18 AM (3Uns6)
Posted by: Dow -400, Dow -200s kid sister playing with mommy's make-up now wearing a feather boa and mom's stil at August 04, 2011 11:18 AM (sOXQX)
Barney Frank for President
Four Years That Will Seem Like FOREVER
Posted by: Barney Frank at August 04, 2011 11:18 AM (e8kgV)
Posted by: Madman at August 04, 2011 11:19 AM (xZ8Ay)
Posted by: Guy Fawkes at August 04, 2011 11:19 AM (4QeK8)
Posted by: blindside at August 04, 2011 11:19 AM (3Uns6)
Posted by: No Whining at August 04, 2011 03:17 PM (Wqfrr)
That was my Inner Barky talking ... not me.
Posted by: No Whining at August 04, 2011 11:19 AM (Wqfrr)
The businesses refuse to work with a black President. I don't see how there could be any other interpretation ever. I mean, sure, I'm withdrawing from the market because too much regulation and no common sense justice make America a toxic environment to invest in but, come on, I'm racist.
Posted by: William at August 04, 2011 11:19 AM (77TeU)
Posted by: Mature politicians wielding the levers of power at August 04, 2011 11:20 AM (AZGON)
You notice who is pictured below (on the bumper)?Posted by: Javems at August 04, 2011 11:20 AM (+qHxi)
Posted by: Village Idiot's Apprentice at August 04, 2011 11:20 AM (FWeqz)
Posted by: Dave at August 04, 2011 11:21 AM (Xm1aB)
Posted by: blaster at August 04, 2011 11:21 AM (l5dj7)
For the first time in a long time I feel real, true hate today.
Posted by: mpfs, Tea Party Terrorist at August 04, 2011 11:21 AM (iYbLN)
What's the big deal? Our country has over 90% employment and our stock market maintained over 96% of its market value today.
Posted by: FireHorse at August 04, 2011 11:21 AM (gTGz3)
Posted by: Sub-Tard at August 04, 2011 11:21 AM (0M3AQ)
Did that get lost like the 14 other 'hard pivot's and 'laser focuses' on that three letter word 'J-O-B-S'?
Posted by: blindside at August 04, 2011 11:21 AM (3Uns6)
hey, cocksuckers at The Hill
what about gas prices doubling under Obama?
Posted by: soothie at August 04, 2011 02:56 PM (sqkOB)
So what about it chumps?
Posted by: Big medium & Small Oil at August 04, 2011 11:22 AM (9wRik)
Posted by: plunge protection team in training pants at August 04, 2011 11:22 AM (sOXQX)
Posted by: George Orwell at August 04, 2011 11:22 AM (AZGON)
Posted by: White House Press Secretary's Office at August 04, 2011 11:24 AM (AZGON)
Posted by: Barry the Magnificent at August 04, 2011 11:24 AM (sOXQX)
Since when are fiscal responsibility and government restraint drags on the US economy?
That's what The Hill is implying.
Keynes! KEYNES! KEYNES!!!!!!!!
Posted by: the Hill at August 04, 2011 11:24 AM (MMC8r)
That makes 36 million people in this country drooling imbeciles.
Posted by: Circa (Insert Year Here) at August 04, 2011 11:24 AM (7utQ2)
Posted by: Retread at August 04, 2011 11:24 AM (BO5ap)
Posted by: Tami at August 04, 2011 11:25 AM (X6akg)
Posted by: Boulder Toilet Hobo at August 04, 2011 11:25 AM (rBB5w)
Posted by: blaster at August 04, 2011 11:25 AM (l5dj7)
Posted by: plunge protection team in training pants at August 04, 2011 11:26 AM (sOXQX)
Posted by: George Orwell at August 04, 2011 11:26 AM (AZGON)
Posted by: Chief Barky at the helm of the (USS) Unabashadly Socialist Ship "Oprah" at August 04, 2011 11:26 AM (pdCUF)
Posted by: Dave at August 04, 2011 11:27 AM (Xm1aB)
Posted by: plunge protection team in training pants at August 04, 2011 11:28 AM (sOXQX)
Posted by: George Orwell at August 04, 2011 11:29 AM (AZGON)
Yeah, just like the slowing economy after Democrats won back the House and Senate in 2006 caused the media to question Democrats economic stewardship.
What? Oh, right......
Posted by: booger at August 04, 2011 11:29 AM (9RFH1)
CAN A FEW OF YOU call Chicago HDQTRS and get this trash out of here!
It is so disheartening on PBO's Birthday!
I'm getting ready to go to work but I did call
(It's fun going there and giving thumbs up to all the anti-Obama posters. Good work!)
Posted by: Jane D'oh at August 04, 2011 11:29 AM (UOM48)
Posted by: SantaRosaStan, tiant detector at August 04, 2011 11:31 AM (UqKQV)
Posted by: Crashpanic at August 04, 2011 11:32 AM (jFz45)
Posted by: plunge protection team in training pants at August 04, 2011 11:32 AM (sOXQX)
Every fucking thing I've worked for gone because of this piece of shit in the WH.
I want to go from town to town and puch everyone in the face who voted for this worthless, stupid, useless, lazy, Marxist fuckweasel.
Yes, I am annoyed. If you are driving a Prius, Smart Car, Volt or Leaf stay the fuck out of my way on the freeway today.
Posted by: mpfs, Tea Party Terrorist at August 04, 2011 03:13 PM (iYbLN)
If you're talking about your 401k portfolio, keep in mind that it will recover. As Wynn said, businesses are terrified of Obama so no one wants to hire or invest in anything. That will change as November 2012 approaches. Obama will either be replaced (fingers crossed) or neutered by a Republican House and Senate.
Even if Obama survives the next election, his most influential days in D.C. are over.
Posted by: robviously at August 04, 2011 11:32 AM (TQbuA)
Posted by: George Orwell at August 04, 2011 11:33 AM (AZGON)
What.
The.
Hell.
Republicans control ONE-HALF of ONE-THIRD of the government. Thje fact is that it is Harry Reid and the Senate that have sat on their asses for two years doing not-a-damn-thing to help the economy except keep fucking that chicken of the Porkulus and Obamacare creating jobs. They won't even pass a freaking budget. And the Republicans somehow own the economy in 2011?
If the MBM gets away with this one, we really are lost.
Posted by: rockmom at August 04, 2011 11:34 AM (lSyyU)
Hey!
Clean my windshield!
Check the inflation on my tires!
Sweep out the aisle!
Check my oil and fluid levels!
Restock the toilet!
Posted by: Barky O'BeenDoin', the Candy Man of jobs' creation at August 04, 2011 11:34 AM (Wqfrr)
Posted by: Dow -500, the inlaw who broke Dow -300's jaw at the last family reunion at August 04, 2011 11:34 AM (sOXQX)
Posted by: arhooley at August 04, 2011 03:03 PM (EVkXx)
Whoa, there's some epic stupidity, denial & hero worship on that birthday card thread over there.
Posted by: Rex Harrison's Hat at August 04, 2011 11:34 AM (4136b)
Right-o, chaps. I think the Ragtime is about played out. Something religious, perhaps, now at the very end?
"Nearer My God To Thee"
And a-one, two, three, four.....
Posted by: Wallace Hartley at August 04, 2011 11:34 AM (xy9wk)
Posted by: Crashpanic at August 04, 2011 11:34 AM (jFz45)
Posted by: George Orwell at August 04, 2011 11:35 AM (AZGON)
Do I have your attention yet, sheeple? I'm going to keep pressing the 'down' button until I get my fucking QE3, bitchezz.
Posted by: TooBigTooFail at August 04, 2011 11:36 AM (IxejE)
Posted by: Sub-Tard at August 04, 2011 11:36 AM (0M3AQ)
Posted by: Jane D'oh at August 04, 2011 03:29 PM (UOM4
We'd respond, but our beer bonging ponging contest is in full, kickin' ass swing!
Posted by: Over for America hipsters at August 04, 2011 11:37 AM (Wqfrr)
Posted by: Rex Harrison's Hat at August 04, 2011 11:37 AM (4136b)
Yes, you're entirely right. I was laughing at TheHill. They shot themselves in the dick both with the original false information and by switching back to the first failed attempt at TARP. It's just so bloody dishonest and maddening.
Posted by: weft cut-loop at August 04, 2011 11:37 AM (DEcmU)
I'm getting ready to go to work but I did call
(It's fun going there and giving thumbs up to all the anti-Obama posters. Good work!)
Posted by: Jane D'oh at August 04, 2011 03:29 PM (UOM4
Okay, Jane, why is this last line is a "tell"?
Because no supporter of Barky is ever "ready to go to work".
Posted by: Over for America hipsters at August 04, 2011 11:38 AM (Wqfrr)
Posted by: QE III at August 04, 2011 11:39 AM (AZGON)
Stimulus doesn't pass? DOOM!
Obamacare doesn't pass? DOOM!
Omnibus Spending doesn't pass? DOOM!
Debt Ceiling isn't raised? DOOM!
Obama doesn't get his vacay? DOOM!
Posted by: Doomsday Machine at August 04, 2011 11:39 AM (Y+DPZ)
Posted by: mpfs, weeping at August 04, 2011 11:40 AM (iYbLN)
after 2pm only a 3,600 point in the DJIA will force a market close for the day
Posted by: Methos at August 04, 2011 11:40 AM (sOXQX)
This big of a selloff really doesn't make a lot of sense today. There were actually some decent numbers on retail sales, and the employment numbers tomorrow are not going to suck any more than last month's did.
If I had any money left I think I would start buying.
Posted by: rockmom at August 04, 2011 11:41 AM (lSyyU)
mpfs.
how about a triple tequila margarita,
hell i would say keep your chin up, but I don't actually know if there will be an up for us.
Posted by: willow at August 04, 2011 11:42 AM (h+qn8)
Posted by: George Orwell at August 04, 2011 11:42 AM (AZGON)
Their Stimulus did nothing.
Their ObamaCare scared businesses off of hiring.
Their wild overspending and demands to allow more debt have spooked the markets.
Their class-warfare rhetoric has turned Americans against Americans.
Republicans. Obviously.
Posted by: nickless at August 04, 2011 11:42 AM (MMC8r)
Posted by: George Orwell at August 04, 2011 11:43 AM (AZGON)
Posted by: Kerry at August 04, 2011 11:43 AM (a/VXa)
Good news: Oil is down below $90 a barrel.
Bad news: Nobody will have any money left after today to buy any gas.
Posted by: rockmom at August 04, 2011 11:43 AM (lSyyU)
You really aren't paying attention, are you?
Posted by: US debt limit increase, Italy bank bonds limit down, years of economic lies coming to a head at August 04, 2011 11:44 AM (sOXQX)
Posted by: Molon Labe at August 04, 2011 11:45 AM (g5MrG)
Posted by: Paul Simon at August 04, 2011 11:45 AM (qR9y8)
Posted by: Dow -500 is taking it out of someone's hide at August 04, 2011 11:45 AM (sOXQX)
Posted by: independent voters at August 04, 2011 11:46 AM (AZGON)
Big market drop kills the suckers while Goldman Sachs buys the dip, knowing QE3 will make for nice big bonuses at Christmas
Posted by: kbdabear at August 04, 2011 11:47 AM (Y+DPZ)
It's worse than that folks. British banks have just been required to report their exposure to Belgian debt. It's no longer PIIGS. it's:
BI-PIGS
How's that for an image in your head.
Posted by: TomJW at August 04, 2011 11:48 AM (Li2G9)
Posted by: Dow -500 is taking it out of someone's hide at August 04, 2011 11:49 AM (sOXQX)
Posted by: Ben Bernanke at August 04, 2011 11:50 AM (AZGON)
Posted by: 80sBaby at August 04, 2011 11:51 AM (o2lIv)
It's worse than that folks. British banks have just been required to report their exposure to Belgian debt. It's no longer PIIGS. it's:
BI-PIGS
Well the Walloons have gone and done it. Surprise. Forget about the EU, how long will Belgium remain united? I'm thinking city states and vast areas of anarchy in between. Good times. Good times.
Posted by: Sub-Tard at August 04, 2011 11:51 AM (0M3AQ)
It's worse than that folks. British banks have just been required to report their exposure to Belgian debt. It's no longer PIIGS. it's:
BI-PIGS
How's that for an image in your head.
Posted by: TomJW at August 04, 2011 03:48 PMI've said all along that I intended to fundamentally transform America into the utopia that is Europe.
Posted by: King Barry the Economist at August 04, 2011 11:52 AM (Y+DPZ)
The eurotrash are selling off their American holdings in a desperate bid to raise cash. Oil and gold are selling off to meet margin calls. Bondzilla is busy crushing Europe right now but our turn is coming...soon.
Posted by: Professor Fate at August 04, 2011 11:52 AM (6BgmB)
Posted by: Dow -500 is taking it out of someone's hide at August 04, 2011 11:52 AM (sOXQX)
/show pic of Obama shirtless on beach; cue Go-Gos ♪ Vacation, all I ever wanted
Posted by: Mental Video Montage at August 04, 2011 11:53 AM (sqkOB)
Posted by: George Orwell at August 04, 2011 11:53 AM (AZGON)
Posted by: George Orwell at August 04, 2011 11:54 AM (AZGON)
Posted by: 80sBaby at August 04, 2011 03:51 PM
But it will still "beat expectations" by .001 percent, so all aboard the rally!
The numbers are a joke anyway, they have the business birth-death fantasy and the 99ers dropping off the rolls to make sure the "official" U-3 stays well under 10 percent
Posted by: kbdabear at August 04, 2011 11:54 AM (Y+DPZ)
Posted by: Sub-Tard at August 04, 2011 11:54 AM (0M3AQ)
IT'S ALL JOINED, IDIOT.
Fools like Ed sold the deal on the premise that it would calm markets; markets would go apeshit if we didn't do a deal.
Theory shattered. The deal did nothing to affect larger issues, much less the actual freaking size of debt and spending.
Posted by: George Orwell at August 04, 2011 03:42 PM (AZGON)
THIS.
The debt did not go away with this 'Satan Sandwich' nor is it going away. With job-killing regulation after regulation coming out of the EPA and continued job killing policies coming out of ObaMao's czar-dom, the only way to keep the market up is to keep printing because even if we elect a non-Marxist in 2012, we're looking at 2015 until things inprove, and that's just trying to compare this shitstorm to what Reagan inherited in 1981 and it wasn't until 1983 that things started to improve.
It's much worse this time around.
The markets are throwing a hissy fit right now, selling off to make room for the next round of QE. Makes you wonder just how long they can keep this shit ballon inflated.
Posted by: theadmiral at August 04, 2011 11:54 AM (IxejE)
Posted by: George Orwell at August 04, 2011 11:56 AM (AZGON)
Posted by: Yuval Levin at August 04, 2011 11:57 AM (AZGON)
Posted by: J.J. Sefton at August 04, 2011 11:57 AM (UlUS4)
Indeed.
Posted by: 80sBaby at August 04, 2011 11:59 AM (o2lIv)
Posted by: The White House at August 04, 2011 12:00 PM (lSyyU)
Posted by: George Orwell at August 04, 2011 12:00 PM (AZGON)
Posted by: George Orwell at August 04, 2011 12:01 PM (AZGON)
Posted by: Jay Carney, investment advirer extraordinaire at August 04, 2011 12:03 PM (sOXQX)
Who cut the cynicism? Pheeewww!!
Posted by: Jay the Carney barker at August 04, 2011 12:03 PM (Y+DPZ)
Posted by: George Orwell at August 04, 2011 12:04 PM (AZGON)
And how about that headline at Fox?
"Market Signals That Economic Woes Are Deeper Than Debt Debate"
More ass covering for OTrama. The Market drop reflects that instrututional investors are SCARED. Why are they scared? Europe is finally starting to collapse. The Otrama adm used up all the debt limit yesterday borrowing (printing) to restore the books so we will go immediately to Super Debt Commission for another increase. Guess what that means with their 6 commies and at least 1 RINO, pissy cuts in defense and SS or a tax increase, tax increase is most likely with no decrease in spending.
And one of the biggest things of all that is scaring them every GD day a new BS regulation comes out that is killing buisness.
Posted by: Vic at August 04, 2011 12:05 PM (M9Ie6)
Posted by: The GOP at August 04, 2011 12:06 PM (AZGON)
Posted by: Doc at August 04, 2011 12:06 PM (qR9y8)
You mean the inflated levels of two weeks ago being promoted by certain individuals who chose to overlook the bad policies of and cheating by the Obama Administration? The same people who assured us that all was well because Democrats want the best for the economy same as Republicans? Those people?
Posted by: 80sBaby at August 04, 2011 12:07 PM (o2lIv)
Posted by: Doc at August 04, 2011 12:08 PM (qR9y8)
Posted by: Sub-Tard at August 04, 2011 12:08 PM (0M3AQ)
Let's get out the PitchForks !!
.. and please keep those bank CEOs out of the way
Posted by: Ed Yingling at August 04, 2011 12:08 PM (e8kgV)
Posted by: George Orwell at August 04, 2011 12:09 PM (AZGON)
Posted by: Sub-Tard at August 04, 2011 12:10 PM (0M3AQ)
Posted by: The White House at August 04, 2011 12:11 PM (lSyyU)
Let's get out the PitchForks !!
.. and please keep those bank CEOs out of the way
Unfortunately, the price of rotten eggs and tomatos has skyrocketed. Guess we will have to make do with rocks and bricks.
Posted by: Sub-Tard at August 04, 2011 12:11 PM (0M3AQ)
"Why would anyone take his guest in the cow suit seriously?"
The guest is a commodities (milk) trader on the Chicago trading floor, it makes it easier for the traders to identify which traders trade certain commodities. It wasn's a fashion statement, that is what milk commodities wear there.
Posted by: johnc_recent_EXdem at August 04, 2011 12:11 PM (ACkhT)
(blushes)
What? It's what the liberals on Wall Street were saying, and they've been saying it for months now.
Posted by: 80sBaby at August 04, 2011 12:11 PM (o2lIv)
Posted by: Barky the Orator at August 04, 2011 12:12 PM (/ZZCn)
Posted by: MSDNC at August 04, 2011 12:12 PM (lSyyU)
Posted by: Doc at August 04, 2011 12:12 PM (qR9y8)
Posted by: pragmatic socialist republican at August 04, 2011 12:12 PM (sOXQX)
Posted by: Ed Yingling at August 04, 2011 12:13 PM (e8kgV)
Posted by: George Orwell at August 04, 2011 12:13 PM (AZGON)
Posted by: 80sBaby at August 04, 2011 12:15 PM (o2lIv)
Posted by: As IF! at August 04, 2011 12:15 PM (LyOUH)
Posted by: Dick Soetero at August 04, 2011 12:15 PM (AZGON)
Posted by: Jimmah at August 04, 2011 12:16 PM (XEK+4)
Posted by: George Orwell at August 04, 2011 12:16 PM (AZGON)
Posted by: TheQuietMan at August 04, 2011 12:16 PM (1Jaio)
Posted by: Ed Yingling at August 04, 2011 12:17 PM (e8kgV)
313Wait, Frum is blaming this market meltdown on a lack of tax hikes in the debt deal? Good grief.
AH HAHAHAHAHAHAHA
----
Good, they can replace the tsunami in Japan with that.
Posted by: Jimmah at August 04, 2011 12:17 PM (XEK+4)
It's all the fault of the corporate jet owners. And Bush
I was watching Carney this mornng try and do everything he could do to blame this mess on anyone but Obama. He DESPERATELY wanted to say Booosh! but he didn't. Instead, he blamed the Japanese earthquake.
Posted by: As IF! at August 04, 2011 12:18 PM (LyOUH)
Posted by: George Orwell at August 04, 2011 12:18 PM (AZGON)
What is stunning to me is why these idiots on Obama's media or President I-won is even surprised?
The debt is now expanding parabolically, small businesses like mine have seen massive contractions and we saw it starting in Jan/Feb. This is going to get much much worse, 2008 was a liquidity problem, now it is a solvency problem.
Posted by: johnc_recent_EXdem at August 04, 2011 12:19 PM (ACkhT)
It's important to have goals in life
Posted by: Barry the Magnificent at August 04, 2011 12:21 PM (sOXQX)
AH HAHAHAHAHAHAHA Posted by: George Orwell at August 04, 2011 04:16 PM
If sycophantic bullshit could be taxed, Frum could close the deficit
Posted by: kbdabear at August 04, 2011 12:22 PM (Y+DPZ)
Posted by: mavericky Mccainite Nutbag at August 04, 2011 12:22 PM (M9Ie6)
Posted by: Sub-Tard at August 04, 2011 04:10 PM (0M3AQ)
He's got a show on RightNetwork.com. I caught a few of them, not bad.
Posted by: The Tea Party at August 04, 2011 12:23 PM (4136b)
The socialist scum block every good idea the Republicans have. Every. last. one. They scream at even the tiniest of steps in the right direction because it's "cruel" and lacks "balance".Yet draining people of hope, killing business and job opportunities, and acting clueless as peoples' life savings go down the drain, that's somehow not cruel.
Posted by: 80sBaby at August 04, 2011 12:24 PM (o2lIv)
And speaking as a gay man, I know what the fuck I'm talking about.
Posted by: GayPatriotMidwest at August 04, 2011 12:25 PM (PET8M)
Posted by: Sub-Tard at August 04, 2011 03:51 PM (0M3AQ)
It is even worse. Belgum has not had a government for about 1 year (bureaucrats are still there). There is no one to react to bad news to even pretend to svae the situation.
Posted by: TomJW at August 04, 2011 12:28 PM (Li2G9)
Posted by: Dick Soetero at August 04, 2011 12:29 PM (AZGON)
Teh stupid - it hurts!
Posted by: Waterhouse at August 04, 2011 12:30 PM (pdCUF)
Posted by: Minuteman at August 04, 2011 12:39 PM (hbAPu)
@76: "I've been reading a lot of WWII books lately (reading three at the same time right now) and boy, I get worried about stuff like that happening again."
Why? They've only got about a battalion of soldiers between all of their countries (Russia aside).
Posted by: Fa Cube Itches at August 04, 2011 12:42 PM (xy9wk)
I was watching Carney this mornng try and do everything he could do to blame this mess on anyone but Obama. He DESPERATELY wanted to say Booosh! but he didn't. Instead, he blamed the Japanese earthquake.
Posted by: As IF! at August 04, 2011 04:18 PM (LyOUH)
How pathetic. Next he'll blame it on the heat then the cold then the mild weather
Posted by: TheQuietMan at August 04, 2011 12:42 PM (1Jaio)
Let me remind our dear AoSHQ readers and moderators why it was so important for the GOP to have preached doom and gloom to the American people in simple terms: They could now say they told 'em so. Instead, they can now only say BHO did it. Big difference.
If you know the catastrophe is coming, why keep it to yourself? Because you're not sure? Because it hasn't happened yet? Because only Ron Paul is saying it?
The Dow 500 is down 10% on the WEEK. We knew god-damned well that it was coming. Why not get on that soapbox and let everyone know before it happens?
The subtle hints given by everyone other than Beck cannot be taken advantage of now. In fact, the lefties are now given room to claim whatever the hell they are going to claim. It will be a pack of lies, but if we had preached the doom and gloom we could have been bulletproof.
Posted by: Cooter at August 04, 2011 06:00 PM (C06Qq)
Posted by: Shop New Balance at August 10, 2011 12:06 AM (r5X7Y)
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Ddoouubbllee yyoouurr pplleeaassuurree,, ddoouubbllee yyoouurr ffuunn!!
Posted by: IllTemperedCur at August 04, 2011 10:47 AM (71Fka)