Sobering Reality of Obama Election - World Economy Plummets

It's been going on for weeks.

The largest single day drop in the Dow was before the election.

I realize this doesn't support your fantasies, but maybe, just maybe, it really is about incompetent business practices supported for years by both Democrats and Republicans.

You can't honestly blame Obama for the $400k post bail out spa trip taken by AIG management.

Tom wrote:

<quoted text>There never should have been a bailout of those thieves. According to Obama himself, he brokered the bailout. So you could blame Obama for giving these incompetent insurance executives the balls to stick it in our face. Obama and the democrats that have controlled Congress and the Senate for two years did nothing. I hold Barney Frank and Maxine Waters personally responsible for what happened at Fannie Mae. The video tape of the hearings they conducted in 2004 would convict them in any court of law. The policies put in place by Carter and then perverted by Clinton of forcing mortgage companies to give loans to those who couldn't possibly pay them back started the demise of the economy. Mortgage companies got a green light and stomped the pedal to the metal until they crashed the car. That's the facts, Jack !

Don't blame me, I voted for Barr. If you'd have stepped away from that crook McCain and voted for Barr too we could have beat Obama.

You left out the deregulation of the banking industry that the Republicans were responsible for. Freddie and Fanny didn't originate so much as one of those subprime loans. The first bankrupcy was an outfit in Miami that sells high end condos and has never so much as let a subprime through its doors. Then there's Bear Stearns and Lehman Brothers. You can't tell me they shouldn't have known better.

Nobody actually forced the bankers to loan to subprimes. They did it to make a quick buck for themselves and then pass on the actual debt. The existence of government guarantees in the form of Freddie and Fanny made it possible for crooked people to milk the system.

The Democrats and Republicans both played a part. This has been going on a lot longer than two years. You're just being selective about your facts. I think we should be honest and blame them all.

Obama brokered the bilout? How? He was busy whippin' McCain's butt. Obama voted for it. That was not good, but don't forget McCain voted for the bailout too.

Tom wrote:

<quoted text>There never should have been a bailout of those thieves. According to Obama himself, he brokered the bailout. So you could blame Obama for giving these incompetent insurance executives the balls to stick it in our face. Obama and the democrats that have controlled Congress and the Senate for two years did nothing. I hold Barney Frank and Maxine Waters personally responsible for what happened at Fannie Mae. The video tape of the hearings they conducted in 2004 would convict them in any court of law. The policies put in place by Carter and then perverted by Clinton of forcing mortgage companies to give loans to those who couldn't possibly pay them back started the demise of the economy. Mortgage companies got a green light and stomped the pedal to the metal until they crashed the car. That's the facts, Jack !

Wow, do you really beleiev what you post. I mean really! A great deal of blame rests squarely at Bushy's feet. Let us not forget that when he came to office, that he also had a repub controled house. Now if the repubs are so much better than the dems at handling finances, then why was nothing done with the supposed broken system then. Additonally if Busy didn't aggree with the bailout scheme brokere3d in Congress, then why did he not vetoe. He does have that power you know. I really get sick of all this selective thinking and rambling. The blame for this fiasco rests on the governments, and consumers door. Yes us! The banks offered risky loans with high interests, but they did not have to be taken. We lived highly and above our means for many years, and the bill always comes due! You can count on that!

Steve wrote:

<quoted text>Don't blame me, I voted for Barr. If you'd have stepped away from that crook McCain and voted for Barr too we could have beat Obama.
You left out the deregulation of the banking industry that the Republicans were responsible for. Freddie and Fanny didn't originate so much as one of those subprime loans. The first bankrupcy was an outfit in Miami that sells high end condos and has never so much as let a subprime through its doors. Then there's Bear Stearns and Lehman Brothers. You can't tell me they shouldn't have known better.
Nobody actually forced the bankers to loan to subprimes. They did it to make a quick buck for themselves and then pass on the actual debt. The existence of government guarantees in the form of Freddie and Fanny made it possible for crooked people to milk the system.
The Democrats and Republicans both played a part. This has been going on a lot longer than two years. You're just being selective about your facts. I think we should be honest and blame them all.
Obama brokered the bilout? How? He was busy whippin' McCain's butt. Obama voted for it. That was not good, but don't forget McCain voted for the bailout too.

\

AMEN, I aggree whoel heartedly.

Tom wrote:

<quoted text>You are correct, there is plenty of blame to go around, However this was a democRAT handout designed to buy votes. That you can not deny. DemocRats covered up what was going on at Fannie Mae. That you can not deny. In fact Barney Frank and Maxine Waters praised Franklin Raines while he was cooking the books to get his big bonus. That you can not deny.
I rest my case. DemocRATS - Guilty as Charged

Wow Tom, no it was the government as a whole! No one forced subprime loans down anyones throat. Consumers took them freely.

WDCJoe wrote:

<quoted text>
Wow Tom, no it was the government as a whole! No one forced subprime loans down anyones throat. Consumers took them freely.

Let's not forget that the banks gave them freely too. The bankers made their profit in the first few months, then packaged them up and sold them off to Freddie and Fanny.

I suspect that most of the subprime consumers were pretty much clueless. Why would folks with no money know what's going on? Suddenly they could get a loan. Look at the number of people on here, typing away at a computer, with the sophistication of a rock. If they're clueless, why shouldn't the poor be clueless as well?

I blame the bankers and their employees. There are folks who are supposed to determine if an individual can actually afford a loan. They either didn't do their jobs, or they lied.

Now don't get me wrong. The Democrats and Republicans each made their part of the fiasco possible. Still, just because some crooked politician makes something legal doesn't mean it's a wise thing to do.

Steve wrote:

<quoted text>Let's not forget that the banks gave them freely too. The bankers made their profit in the first few months, then packaged them up and sold them off to Freddie and Fanny.
I suspect that most of the subprime consumers were pretty much clueless. Why would folks with no money know what's going on? Suddenly they could get a loan. Look at the number of people on here, typing away at a computer, with the sophistication of a rock. If they're clueless, why shouldn't the poor be clueless as well?
I blame the bankers and their employees. There are folks who are supposed to determine if an individual can actually afford a loan. They either didn't do their jobs, or they lied.
Now don't get me wrong. The Democrats and Republicans each made their part of the fiasco possible. Still, just because some crooked politician makes something legal doesn't mean it's a wise thing to do.

Yes, Aemricans, and their propensity to live above their means. That is the real problem.

Tom wrote:

<quoted text>There never should have been a bailout of those thieves. According to Obama himself, he brokered the bailout. So you could blame Obama for giving these incompetent insurance executives the balls to stick it in our face. Obama and the democrats that have controlled Congress and the Senate for two years did nothing. I hold Barney Frank and Maxine Waters personally responsible for what happened at Fannie Mae. The video tape of the hearings they conducted in 2004 would convict them in any court of law. The policies put in place by Carter and then perverted by Clinton of forcing mortgage companies to give loans to those who couldn't possibly pay them back started the demise of the economy. Mortgage companies got a green light and stomped the pedal to the metal until they crashed the car. That's the facts, Jack !

You are right,Tom, but the Dumbocrats believe everything the New York Slimes newspaper prints.

Hating will get you no where. Perhaps if McCain didn't campaign with the most ignorant person in politics, then maybe, just maybe he would have had a chance. Obama is a realist, something this country needs. This country has consistently been run by white folks who were born with a silver spoon in their mouths. They know nothing about struggling, actually conquering things on their own without the help and glory of their forefathers, never went without and never suffered hunger and pain. It's about time that the rich stopped getting richer and the poor getting poorer. It's about time people put an end to high power execs spending American's tax dollars so that they can have a great pension and put money into their pockets and their wealthy friends. I'm sure gas will sky rocket again so that Bush can suck everything out of the American people before he is a lame duck for good. I just pray that people realize that Obama isn't perfect and give him the same mercy as they did with presidents before him who made horrific mistakes. Anywho, people can hate and speculate and regurgitate all the b.s. that they want to at this point. Nothing you can do about it, he's your president and mine! Obama 08 baby!

The sobering reality is...
is only a man
A man who is a husband and father, soon to be our new president, he will make mistakes, I hope not many major. I hope his is able to promote much needed change not only in Washington but in our country, I know he will not be able to do that alone it will take all of us helping and doing our part.
I did not vote for Obama but know that he will be our president for at least the next four years and it does no good to pout, so I will support him as I feel I must and give him a chance.

MsBFry wrote:

Hating will get you no where.

...

Obama 08 baby!

I lived for over twenty years in the vacinity of 42nd and Post. I watched as the area became the 42 Hood. We moved after my daughter was assaulted as the busses were loading at Arlington High School. The Principal, who was black, had a five minute rubber stamp investigation. Nothing came of it. She didn't care. After all, we're white.

Hatred and prejudice run both ways. Blacks, as a group, are hugely racially prejudiced. There's plenty of hatred to be found among blacks if you're white. Please don't embarrass yourself by trying to suggest otherwise. I lived it. I was involved in the Civil Rights movement and I was betrayed by those I undertook to help.

The country has been run by whites with silver spoons for whites with silver spoons. If you don't have that spoon you don't count, no matter what color you are. Plenty of white folks suffered hunger and pain. To suggest otherwise is a sign of, well, racism.

I'm glad Obama won. I didn't vote for him because of basic political philosophy. I also didn't vote for McCain for the same reason, plus the man's an outright crook. I'm glad Obama won because now black folks have to shut the f up.

The people elected a man who is described as "african american". To me, that's black. That means black folks no longer have anything to complain about. Blacks have sought, and reached, the highest offices in the land, now including President. White folks helped put them there. Not a soul alive was a slave. We have paid you, to whom it did not happen, for the sins of others long dead, even though we didn't do it. I don't want to hear a black whining about slavery ever again.

I'll give Obama the same benefit of the doubt I've given all who came before him. Luckily for him, unlike Bush, he didn't desert from the Texas Air Natural Guard and get his Honorable Discharge as a gift from a Courts Martial, so I'll be able to treat him better from the start. Still, he has the liability of being a Democrat. They tend not to be big fans of the Constitution any more than Republicans are. That's not good.

I hope Obama turns out to be a statesman and not just another politician. Only time will tell.

--->Steve<---

I agree that racism goes both ways. And just as much racism that is within the black community is in any other racial community.
I am a young black woman, I don't fall back on slavery to excuse my behaviors. But I will say that I witness a lot of racial unjustice. There are many black people who are never given an opportunity to live a normal life, simply because they are black. Regardless as to whether people literally racially profile and hate black people, society has been shaped to make black people feel as if they are the most stupid and ignorant creed of people on earth. Sure many blacks rise above this, such as Obama himself. But many are not able to, or we would all be CEO's and President's. It's kind of like psychology. If you keep telling a child that they are worthless, ignorant, stupid, their skin is ugly, they themselves are horrible, etc. What do you really expect this child to think of themselves? Even within this example, you have those who are able to gain self confidence and rise above, but what about those who can't?
A lot of racism that goes on in America is indirect. For example, it seems that white people are the original race of folks when it comes to book literature. They always have to describe the race of any other person who is not white. "The first asian woman this, the first black woman this, the first hispanic woman this, etc." But when it gets to a white woman, it literally just says the first woman... So how are people supposed to interpret things of that nature? No different than in this campaign. Of course it's major history that Obama is the first black President. But was it really necessary to see just "how" black he is? To me that was racism in itself. Have we ever went and deciphered the race of a white President? Have we ever figured out what his parents were and what villages they came from? No. Why, I ask myself? Because for some strange reason, white people have made society believe that they just developed here on their own with no prior ancestry, except being from Europa. Like being of the white race is a pure thing and everyone else is mutts...
Me, myself, am far from racist. However, I don't shun the truth and I have accepted reality. But I will say that I have seen a lot of black people being discriminated against just because they are black.

Sorry, my paragraph didn't seperate when I posted it...

Tom wrote:

<quoted text>Now your ignorance is showing. Obama is a communist and we will rue the day he was elected. He is not my president and never will be. We will oppose him every time he tries to enslave us with new taxes and regulations that suffocate America. 57 million of us did not vote for this jerk. We are not united and will fight his socialism at every turn.
Hey I know this is "Stoopid Citizens" and you still are just as stoopid. Go **** yourself and Obama too !

Okay, good for you. Obama is our President, period. Peace.

Tom wrote:

<quoted text>Now your ignorance is showing. Obama is a communist and we will rue the day he was elected. He is not my president and never will be. We will oppose him every time he tries to enslave us with new taxes and regulations that suffocate America. 57 million of us did not vote for this jerk. We are not united and will fight his socialism at every turn.
Hey I know this is "Stoopid Citizens" and you still are just as stoopid. Go **** yourself and Obama too !

Ok, which is he, a communist or a socialist. There's a difference you know. Uh, you do know that don't you?

Oh, and 21 million didn't vote for Obama or McCain, so your math's off. That'd be 77 million or so against Obama and 84 million or so against McCain.

I'm one of the 21 million. I voted for a real conservative, not a fake conservative crook.

Steve wrote:

<quoted text>No justice, no peace !Turmoil and unrest are here. We want our country back from the communists !
Join the Center for American Resistance and take back our country from those who are destroying it and taking away traditional American values of decency and patriotism!

Hey other Steve, do you even know what communist means? After all, you didn't type Communist, which is the version most often conflated with socialist.

In reality isn't Obama actually a left leaning centrist who's just slightly left of McCain's actual position? Sure he is. Both of 'em voted for the bailout, which is anything but capitalistic.

A true conservative would have been against the bailout. Like Barr was.

So you're advocating taking the country back from both the Democrats and Republicans? Now that's something we can agree on. Both are trashing the country.

Or are you just another Limbaughesque Republican using words he doesn't understand? You know, just stomping your little foot because you lost. I lost too, but I'm not having a hissy fit about it.

Tom wrote:

<quoted text>He is not my president, I don't worship communist fake messiahs like you idiots that voted for him. 57 million people did not vote for him. So stuff in your bum sister. I don't worship the magic negro like you robots.

Psst, psst, hey, yea, hey you...
He's still your President! You can turn blue in the face and yell complete ignorant jibberish all you want...all I can do is laugh...because he is still your President. He is the President of the United States, something a lot bigger than, just in case you didn't notice. I love rubbing this in...

O*B*A*M*A 2*0*0*8

MUHAHAHAHAHAHAHA!!!!!!!!!!

MsBFry wrote:

<quoted text>
Psst, psst, hey, yea, hey you...
He's still your President! You can turn blue in the face and yell complete ignorant jibberish all you want...all I can do is laugh...because he is still your President. He is the President of the United States, something a lot bigger than, just in case you didn't notice. I love rubbing this in...
O*B*A*M*A 2*0*0*8
MUHAHAHAHAHAHAHA!!!!!!!!!!

Well said dear lady. While I did not vote for Obama, or McCain, at least I have enough on the ball to know that he got the job and crying about it won't help. After all, we've been stuck with Cowboy Dubbya and his fool antics for eight years. We all had to live with that pathetic mess.

In fact I find it a bit annoying that other Steve is one of the crybabies. It seems to me that as a Steve he should have a lot more on the ball than that.

Tom wrote:

<quoted text>No he is not my president. My flag is now flying upside down in protest. So Ha, Ha, Ha you Ho, Ho Ho! 57 million of us did not vote for him and he has divided America. I will be no part of a Communist running this country. Bye Ho!

So when are you LEAVING, you idiot....

G Gordon Diddy wrote:

<quoted text>Not leaving, I am here to torment you and Obama until he is driven from office. Enjoy that shiity taste in your mouth. Obama is not, nor will he ever be my president. Ha, ha, ha, nappyhead.

Actually, I am one of the MILLIONS of WHITE voters who supported Sen. Obama, you racist A-HOLE. And no one really cares what you right-wingers think anymore. Your time has PAST, OLD DUDE, and you can rant all you want. And you better HOPE that Obama and the Dems take mercy on Bush and Cheney and that they don't throw their WORTHLESS ASSES in jail for INCOMPETENCE! President Obama, get USED TO IT, there isn't a DAMN thing you can do about it. ROTFLMAO