Worsening slide challenges Obama 

Well it took Bush 8 years to completely screw up everything to historical proportions - and it took Clinton a least 2 -3 years to overcome the mess Old Man Bush left him - I don't expect results for about 4 years. Sure we will see little upticks - but this meltdown has affected nations all over the world and we can't solve all those problems from the White House. Besides Obama can't do anything with out the backing of the house and senate. About the only good thing is after 6 years of overpriced gas under Bush - we are now seeing it drop at the pumps - so much for the excuses about China and India causing high gas prices. The lower gas prices will slow inflation and possibly help the car industry - assuming we can get the credit industry to loan out some money. The housing industry - I am sorry but I think it will be stuck in the hole for a long time - people won't make a move until prices catch up to what they owe - again assuming interest remains low - it if goes up like it did in the Regan years - (14%) forget it - even 9% will kill any recovery. I think the big thing will be retaining jobs and getting people employed and making people feel safe in their employment - like the 90's - then you will see the start to spend money again. As far as Wall street - there are greedy pigs - look how they are churning these stocks from day to day now - just so they make $$ on the way up and way down! JOBS JOBS JOBS

JC

You have severe brain damage.  Call your precious BO and have him lay hands on you and the economy and fix everything like he promised you “guppies”……..Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha !

Forget Jobs…………those are history with him, but look on the bright side, you won’t need one………..he is going to see to your needs……..Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha !

Interesting point. The Stock Market typically drops by about 5% immediately after a Democrat is elected President, while it typically increases about 1% immediately after a Republican is elected. Looks like the trend is holding true so far. Wonder why? Probably because Democrats are viewed as anti-business (which also means anti-job creation).

There's an old saying "If you want to discourage something, tax it, and if you want to encourage something, subsidize it"

It should be interesting to see what gets taxed and what gets subsidized. I suspect business (and job creation) will get taxed, and welfare will be subsidized. I hope I'm wrong, but nothing about Obama's record or rhetoric has convinced me otherwise. Oh well, it's certainly "Change we can believe in".

5%  you better check your math.  It has dropped about 10% since obama's election.  The Obama recession is in full swing and is soon to be the Obama depression.   

Wow! So soon?!

How about "I will fix the economy!.." and "we'll spread wealth around"? How much of that mysterious "wealth" will be available for confiscating from the "richest" after inauguration day?

Sweet promises of "change" means keep the "change"? 

the wealth is coming from the middle east keep waiting

Good Lord, will you people get a life and stop already?! You would rather dribble on with your negative repartee than realize that eight years of destruction is not fixed the day after an election. We all know the stock market is a big game and they players are just *&$^@%$ with you. Blamers.

interesting...

after the crash of '29, the economy languished with double digit unemployment.  as 1931 rolled around, and the unemployment numbers were starting to ease ever so slightly, hoover did what any good republican president does to get out of a depression. 

he raised taxes on the top 10% of income earners, dramatically ramped up government spending...and sent the economy into a worse tailspin than the crash of '29 created. 

sound familiar?

whispurr...name exactly what was done wrong the past 8 years, outside of the iraq war (which has no bearing on the financial meltdown that occurred this summer).

Those of you that are putting down President Bush, you need to thank himthat we have not had another attack on the United States. I did not agree with all of his decision but we did not have the secret intelligent as he did, Obama may come out and apologize to the President when he finds out everything that is in the intelligences information.

Obama has made more promises to the nation, than Georgia has peaches. Everyone tried to tell his supporters, Obama wasn't qualified and there was no way he could pull off half of what he was promising without seriously increasing the national debt, increasing taxes or jeapordizing jobs due to payroll tax increases.

Everyone hates the last eight years of the Bush Administration and the national debt at what, 480 Billion. However, Obama has already released through news reports that his programs are going to increase the national debt to well over 1 Trillion Dollars. In essence, by the end of Obama's first term the national debt increase is going to make the Bush Administration look like a walk in the park.

Mark this day, when it comes time for re-election. People aren't going to take Obama's promises and excuses again. Nor, with the inexcusable increase of the national debt, will anyone listen to "I couldn't accomplish much, because of the last eight years of the Bush Administion" by Obama.  In many ways, he actually has already buried himself. Obama has made so many different "Change to Believe In" promises, anything short of what he has been promising will make him look like a "smoke and mirror show"; all shine no substance.

If Barack Obama doesn't make good on his promises, this historic victory will go down as the biggest defeat in history come 2012. And, his "Youth" vote, "Hispanic" vote or "Black" vote won't stop the reckoning in store from GOP, Independent, Libertarian, Green Peace, suburban over 40, Middle America, the Military Vote, or Senior Vote banding together. He may have fooled them once, but, if he doesn't pull off his promises, he won't fool them twice.....

ForTheBreakUp

Whoops. You are right - It has been a 10% drop since Obama's election. It's been 5% per DAY since the election. It will probably get worse when people start taking losses this year so they can offset the higher taxes Obama promises in 2009. Oh well, like I said, it's "change we can believe in".

AC, spoken like a true idiot!  No matter where you live now it's tough and if you think like the person that wrote this ariticle (another idiot) that Obama is going to come in and clean up what the person you obviously voted for the last eight years in a short time then you and the writer need to stop smoking crack and drinking.  Intelligent people know without an article like this that it will take at least two terms and everyone working together to fix the mess Bush Jr is leaving behind.  They need to forfeit the pay he will receive from the government the rest of his life.  He should have to pay the rest of his life for the crap he's put us in and now leaving to forget about it and go back to snorting coke and smoking weed in Texas.  Enough of my sarcasm because all you people that get on here to release your racist anger because the better person for the position won is really pathetic.  It's going to take everyone and the country sticking together and give Obama a chance.  I mean you stood behind Bush for all the crap he did and probably didn't complain and will say he was a great President.  And ForTheBreakUp the reason for the drops is because scared people are making dumb decisions before Obama has even stepped into the White House and you're blaming him for that.  You, AC and the writer of this article must hang out at the same bar.

Obama can't fix economy in short term......

Obama can't? Weren't we promised otherwise?

What happened to 'Yes We Can!'?

And to Props2000......Of course, anyone who doesn't agree with or vote for your messiah is a hateful racist. Don't worry though, the DNC has FEMA concentration, excuse me, re-education camps for "those" people.

Props 2000 please explain what is racist in his remarks?  You are the one coming into this board with name calling and put downs.

Don't think you can take facts that the economy is only going to worsen mind you the financial committee in charge of the Freddie & Fannie were Democratic for the past 2 years.  Please do not retort that thay have been cleaning up Repub's mess as I would ask what have they done for 2 years.  Congress's rating is lower than Bush's that is a fact.

Barney Franks was to busy pulling a Lewinsky on his buddy in Freddie at the time, this should have been brought to the ethics board and immediately investigated.  But like true to party form they protect thier own.  It's disgusting and Franks should be investigated.

Obama won ok good for him forget his race for a moment, do you think either nominee at this time would have be able to fulfill any promises?  I doubt it.

So get over yourself and the bigotry you are spewing.

whispurr:

You state that "we all know the stock market is a big game".  Can you expound on that? 

B.Watt - no that's you christian conservative repubs that lay hand on things.  We suport Obama and believe in hard work and time. 

YOU IDIOTS YOU SIT and BLAME the DEMOCRATS for this RECESSION WHEN CLEARLY BUSH AND HIS POLICIES HAS CREATED IT, AND NOW YOUR BLAMING OBAMA!!!!!!!!!!!!!WHO WAS JUST ELECTED 2 DAYS AGO!!!!!! HE is president -elect not the president YET!!Do YOUhave any IDEA how the economy WORKS!!!Apparently NOT!!!. GOD Almighty this Republican logic is so convuluted and illogical its killing me.  IN CASE YOUR BLIND OR JUST CANT READ I suggest you have a friend of yours  read to the next sentence VERY LOUDLY so it can penetrate all your Republican thick SKULLS. OBAMA IS NOT I REPEAT NOT!!! Even THE  PRESIDENT yet  SO PELASE TELL ME WHAT policy is he going to put through  without even being in the White HOUSE? I would love to know. HE does not even get sworn in until JAN 20th 2009 !!!!BUSH the MORON is still there( and that is a compliment to him)  so of course the DOW will continue to slide and anyone who knows anything about the economy knows it takes a LONG TIME to recover from something this severe. Just ask ANY economist they will tell you the same thing.

Wait a minute folks...Obama was just elected two days ago...he won't get sworn in for 2 1/2 months.  Let's see just how far down this economy slips before he even starts.  Let's take a look at the real numbers that he inherits from Bush (unemployment, inflation, foreclosures, stock market, war costs, school underachievement, etc.).  Talk about one hell of a mess he has to deal with.  That's Bush's mess.  Sure can't blame Clinton for that.  He left the country with an annual budget surplus and a growing middle class, with HIGHER taxes on the wealthy, who sure didn't seem to being doing too bad...they never do.  Bush destroyed all the gains made by the middle class in the 90's the past eight years...and then some. 

Obama will do the best he can for the "average Joe"... I don't know anyone who thinks he will be able to fix the economic destruction America has experienced the past eight years, overnight.  If you voted for Bush twice then you screwed up!  Let's wait eight years before we start passing judgment on Obama.  FDR didn't turn around the mess of Harding and Hoover (both Republicans) overnight.   

well put g. and oc steve,  they want quick fixes that not even  mccain could accomplish

funny posts tonight. Bush was president for 8 years, and 6 of them the republicans controlled everything. But when the economy had a downturn during Bush's term no WAY could it ever POSSIBLY be his fault. Hmmm. But Obama has been president-elect, with absolutely no power at this point, for like about 5 minutes, and you already blame him for what the stock market did today? Is that a joke or ignorance or just plain sore loser bs?

And then if anything at all goes well in the first year, suddenly it'll be because Bush did something in 2001 which caused it, right? lol

joman, since when did libs/dems believe in hard work?

Sign a Petition Asking President-Elect Obama to Reject Amnesty for Illegal Aliens

NUMBERSUSA.com      has it

Oh PUHLEEZE!

"Madagascar" pulled in $65 million dollars in ticket sales this past weekend. 

THERE IS NO ECONOMIC PROBLEM!  Go to any theme park, hotel, airport, movie theatre, restaurant, etc. PACKED PACKED PACKED.

People are whining for government handouts whil spending $7.00 for a 25 cent bag of popcorn at movie theatres.

I am disgusted by my fellow Americans and all of this whining.

Do the f....... math. Yes there is. The only reason why these places are still seeing that sort of revenue is because the prices of everything has significantly increased. So while it appears as if people are still spending, they are not.   

You have severe brain damage. Call your precious BO and have him lay hands on you and the economy and fix everything like he promised you “guppies”……..Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha !

(JC)

Hello Mr Cry, took me a while to figure out your last name. I know what the J stands for because you are making the sound of a braying jackass ... "aha, aha, a ha ha ha ha!" 

Mr Please, you are right of course. We call it increased spending but it is not. We have to get it through our skulls that the world economy overheated and now it has to cool down for the next decade or so. 

Our only hope is a new war or a new technology. The one, war, will make people almost literally bit the bullet(s) and adjust to a lower quality of life, still materially better than 1950 for most of us, especially minorities. The other, technology, will translate into a higher quality of life because as a good it will add value to the economy which we will experience in terms of increased production and therefore jobs and increased wealth. We have to contain the war mongers and encourage the technologists.

But that's for the long term. What we are already experiencing in the short term is the inflation caused by the war spending,  the whole body of the economy is sick, the housing market is the blister that burst, but the infection is actually deep in the system. Of course the people who are screwing up are the first to come up short, but although we have to deal with them to keep the system stabilized, dealing with them is not the cure.

We have to accept the inflation, and accept the fact that it is bitter medicine but it is the means by which we will all be reducing our lifestyles to face reality. We cannot accept the economic anarchists who say let the big institutions collapse and maybe we can construct something new out of the ashes. That's stupid! These people are the economic equivalent of the criminals who love to see a breakdown in civil controls so that they can go about raping and pillaging to their hearts content. That's a regressive move.

Unfortunately for us, inflation is the only means outside of taxation that the government has, through their manipulation of the monetary system, to distribute the cost of their corrective measures throughout the nation.  For the sake of civil order and the alleviation of suffering the other palliative measures being derided by JC need to be put in place or its back to the soup kitchens and the flop houses.

You wanted it, Obama. Now you've got the tiger by the tail! Welcome to the real world. Just snap your fingers and all the evil terrorists will be dead, the wars over, the economy fixed, the oil companies punished for screwing America, the money hungry bastards who screwed up wall street and the millions of people standing in line with their hands out waiting for all the free money that you promised them! I think that I will jump in line first!

HE is President ELectagain I repeat, Dan since your so clever and seem to know much more about this economy then most of us here and every leading expert in the entire world can you do us(the stuipid majority of the public who voted for obama) the favor and share with us now your great amazing ideas about what Obama can do right now, without even being the actual president yet, to fix this economy! The world is waiting with bated breath for your answer Dan.............................................

Very interesting post Dan. In the world of adults, however when a person makes a claim, they normally back it up with facts. At what point did Obama say he was handing out "free money"? Is your hearing aid working properly?

The fact is that Obama is NOT the president at this point. He has been the president-elect for about 50 hours. If you love America, you'll respect the office and give the man a chance.

Yea Obama can come out and say he NOT going to raise taxes and Capital gains

Tell me when taxing the cap out of any one helps the economy and create Jobs?

There no reason to invest in the stock market. Tell me why? Not with this big tax increase coming around the corner .The Gov made more tax revenue each time they lowered capital gains, I Keep my money you can keep your change,

If you Democraps want to save the economy tomorrow buy all the stock you can

Dan I said I did not vote for the guy.

Excellent points, all the comments about past Presidents also include the Congressional party structure as to how things get done and, like it or not, this downturn has a lot to do with the Democratic Congress over the last two years or so. I guess if we all run out of money so do they...........

Obama, McCain, and Hillary ran for POTUS while still holding their Senate seats (and drawing their Senate paychecks).  Either they weren't doing their jobs, or Senators don't do squat.  Which is it?

Plain old Joe, exactly!  Anyone running for office should not hold office.  Either they aren't doing their job or their job is not needed! 

I don't understand the democrats wanting everyone to 'give Obama a chance, he's not even in office yet'!  If anyone would turn their memories on they would recall that the democrats were attacking Bush visciously before he took office... and have continued daily ever since.  Obama will only succeed in that the media will praise him for breathing well... just as they praised slick willie for lying so well.

The guy's hair turned a little gray. That's what happens to men in their late 40s. Except for Ronnie. He used Slick 50 and Kiwi.

you know this how, whispurr?

Very good observation, because it says something about these people. 

If you recall the last few elections, only one person gave up his senate seat when running for a higher office.  That was John Edwards.  Too bad for us he was railroaded by the DNC, I think he was more "electable" than the others who ran in the last 10 or so years.  By the way, don't overlook that Palin didn't give up her position either.  You don't want to her to feel ignored!

I guess they all figure they will keep their 'day job'.  We did not have a fair game to see this time, because both the guys kept their day jobs!

I'll rally around him like the democrats did Bush.

Excellent points, Maryland, but in order for Congress to change, we as a citizenry need to change the way we think.  Voting for the little selfish things, like a bailout or spreading the wealth, we only make our shackles of bondage stronger.   No one learns when their problems are fixed for them.  It's sad that the people who have the most control of the financial markets in this country are appointed, not elected.  I'm talking about the Federal Reserve.  But, in all honesty, we have done this to ourselves, and our current level of thinking will not solve the massive problems that lie before us.  Change will be swift, and sweeping.  Hold on to your knickers.  This is going to be one scary ride.

Here here Jan!  I hope all Republicans come together and follow the example of bi-partisanship set by the democrats the last eight years.  I just wonder where we will find enough unemployed, pot-smoking republicans to shout down Obama at nearly every speach and to block roads and bridges (to hold tax paying Americans from getting to their JOBS) in protest to his every policy.  I eagerly look forward to continuing this grand level of civility. 

PS.  When in January do we invade Pakistan?

Plain Old Joe: I'll take "not doing their jobs" for 100 dollars, please.

Seriously, tho, there's no single reason the markets have been down the last few days. Some pretty  negative reports are coming out of the business sector, esp. about jobs.

And no one can "fix" the economy. What a dumb headline. However, government can take action that alleviates a naturally occurring event. And government can take action that makes naturally occurring events much worse.

It's usually better if government just stays out of the way (note I said USUALLY not always).

Very weird post. Have you perused the Constitution at any point in your rantings? The Congress cannot remain in session every minute of every day, and you can't "get rid" of the first branch of government without having a revolution. Are you suggesting we have a country with no representatives of the people? I know you went to school, now, come on ... what do we call a country without elected representatives of the people? Come on, little Maryland Republican, come on. Yesss, thaat's right; it's called dictatorship or anarchy. Verrry Good! Now what do we call AMERICA'S form of government. Yeasssssss. Democratic republic. .... good ... School's out, neocons! Learn to love America and learn about it!

Congress should not be able to set their own pay (and pay increases) and they should have the same Social Security plan that we have. That's how you will see change.

Fiore- you actually think that Congress does its job? It was our elected officials who passed NAFTA (4,000 factories closed its doors within the first 6 months), passed the Patriot Act, passed the bailout (70% of the people were against it), passed the NAU (North American Union), etc! And about 50% who voted yes on these bills admitted to NEVER READING THE DAMN piece of legislation. If you ask me, the American people should file a class-action lawsuit against the government for NOT doing their damn jobs.

Here is a question for you Fiore: Why does Congress allow a private cabal (the Federal Reserve) print, create, and control our monetary policy? The Fed charges the government interest for this service and therefore the government taxes the American people through higher taxes and inflation. The government (has constitutional right) could control our monetary policy and NOT CHARGE ANY INTEREST and therefore cost the tax payer nothing!! Why do you think that is? Hmmmmm......funny isn't it? Congress has the right to abolish the Fed but does not, and therefore allows the Private Banks to fleece us and control us with debt! Wake up!!

Some of you people crack me up.  You are blogging on here as if it is already Obama's job to turn the entire country around and give you everything he promised on a silver platter.  NEWS FLASH!!!  He has not even taken his oath yet; therefore, he is not the President yet.  Bush is.  Do not cut his legs out from under him before he even gets them on the ground - that is, unless you just like to complain because it feels good when your lips flap.  It honestly doesn't matter whether you voted for him or not - what matters is that whether you like it or not is he is the President Elect and will be your President for the next 4 years at a minimum.  Support him rather than bash him.  This country has had enough bashing and I personally have heard enough of it to last me a lifetime.  I am glad he is doing his research and studying the issues at hand in order to get his priorities straight once he does take office.  A lot of you have unreasonable expectations.  We didn't get into this mess overnight and it isn't going to happen overnight.  It will be a very long, rough road.  Rather than whining and complaining, do your part in making a positive change.  :)

He still wants power, Pat!

It's the greatest temptation of all times! Folks who were able to bring the countries they ran to a state of complete misery, nevertheless held the power they accumulated, to their last breath.

Yes, he still wants the job - he jumped right into it and is getting cabnet together the very next day.  He knows what to expect and he expects jerks like the ones on this board already bad mouthing his job.  He's still going to work hard and do what he can for us and THEM. 

Exactly. Obama will do right by the country, and the neocons on these boards could use a little more oxygen. Take a breath, move on, get over it. YOU LOST.

By some of the names they been throwing out there that he MAYappoint for his cabinet looks like business as usual

GOP RULES - do you think he could screw it up as much as the Republicans have in 8 years? Double the debt - 1776 to 2000 - $5 trillion. Bush 2000 - 2008 $10 trillion - he doubled it in 8 years! $400 billion surplus to $500 billion debt. Loss of jobs, high gas prices, loss of the housing industry, construction industry destroyed, automotive industry almost bankrupt, 2 endless wars costing billions a month. Now this is what the Republicans did - and you are worried about Obama? Did you worry when you elected that Moron Bush into office? Gee - hard to accept blame for screwing up just about everything?

GOP RULES — Now why would anyone have to raise taxes? Maybe to pay for 8 years of GOP RULES? Maybe to  pay for the $5 trillion bill Little George ran up? Now you are going to blame it on the democrats? How stupid are you?

Bush ran a baseball team into the ground, all his Daddy's banks into the ground and now the entire world economy into the ground. What were you people thinking??? Oh, it was about religion that's why you voted for him. We all need to get on the phone, email and faxes this year and tell the government what we want not the newsvine on MSN

The ENTIRE world economy?  ALL by himself?  Wow, I didn't know any of our presidents had that much power!  And he did it ALL by himself-no help from past administrations or congresses-wow.

Pat, put down the Koolaide and get some sense about ya!  It took a LONG time and more than a few people screwing up to get the world economy into this mess.  And ya'll called Palin stupid!

Hey GOP Rules Obama is NOT raising your taxes, he is giving us the bill for the money that the GOP has already spent or stolen.

No one with a brain thinks that the problems will be solved in one, two or four years it took us 8 years to get into this mess it will take a long time to get out, but we can see light at the end of the tunnel, now.

Increase taxes? Isn't that what Gov, Arnold announced for Californians today? I guess he didn't want to announce it Monday before people voted. Tax & spend=Republicans

3 sheets..It's stolen...Bush , Cheney and their cronies are heading to Dubai, and laughing at their GOP sympathizers for being so gullible to actually back them on their scheme to raid the US Treasury.....Thanks GOP'ers....

jc,

the financial meltdown of this past summer, and attendant ripple effect through industries associated with the housing, have their origins in the 1977 CRA and 1993 NHIO.  both have to do with "encouraging" federally chartered banks to write mortgages to people without regard to credit history (that's racist) and using food stamps and welfare as mortgage application income sources. five times the gop - and bush - attempted to extend further oversight to fannie and freddie. they were rebuffed by dodd/frank/pelosi all 5 times. 

aside from the mortgage meltdown, leading economic indicators used by business leaders (WSJ, Investors Business Daily, etc) were still rising, or at worst, flat as of september into early october.  this would be factory usage, natl association of purchasing mgrs index (tells what will happen 6-24 months from now), machinery orders, construction backlog (of residential, commercial, industrial bldgs), among others.  business leaders do not pay one iota to what the gov't calls leading economic indicators. as i said, those publications showed all those indices still rising, or flat, as of september/october.  no decreases.

tell me this is not a media driven recession.

This IS NOT a media driven recession.....

tell me this is not a media driven recession.

It is NOT a media driven recession, gee how much power do you think that the media has?

The media reports and some (FOX) distorts the news, they DON'T make policy.

3sheets, bilbo...

as stated, if all the economic indicators used by business leaders were rising (or flat) into october, what caused the change?  the credit crunch was already months old and should have sent every one of the indicators i mentioned into decline. but it didn't. so what caused the sudden slowdown?

look at when nbc, abc, cbs, nyt, wp, msnbc etc started saying how bad the economy was.  tell me it's not a media driven recession; decision makers in industry will tell you that. tell me that you know more than them...please do.

get off the fox kick...several european and asian news agencies looked at these claims (japan times, deutsches welles, RFI, AFP, Radio Prague among others)...and found little difference between fox and the others. what they did find was no agenda, and a willingness to present, or attempt to present, all sides of an issue. no wonder liberals hate them.

I don'6t see the media investing or selling shares...that's what I thought drove the market.....I didn't know that watching televison would accomplish the same thing.....

i give up.  vyvanse is a great ADD med, go get some and do try and read - and comprehend what you read - before posting.

thank you.

and the vodka your on makes you irrational....

The media does not make policy the media sways public opinion by not reporting the news truthfully.  The media uses soundbites to get what it thinks it wants.

Its an easy fix actually, stop buying a newspaper save a tree.  Stop watching the news for that hour or two and longer for you news junkies and watch the ratings drop.  Spend time outdoors and get to know your neighbors or exercise at that time.  Social and health issues start to  disappear. 

Lastly have enough common sense to beleive nothing you read (unless you were standing right there and reviewed completely the entire incident as it happened) kind of like Joe the plumber (sorry that was off the hook though) and believe only half of what you see on the news as anything can be made to seem what it is not.  Modern technology is wonderful isn't it?

Somewhere the media has to be held responsible for half truths.  I say hit them where it hurts ratings and money.  See if they get a moral responsibility to ethical journalism then.

SH-2000 - you are absolutely right about California Arnold.  He has raised taxes way too much.  I don't agree with Republicans or Democrats raising taxes.  

As for the rest in here that commented on Bush's mess, I really feel sorry for you if you truly believe Bush single-handedly made this mess.  It took losers from both sides to do this kind of destruction.  I do know from basic math I was taught in first and second grade, though, that less profit by the major money players (corporations, so-called businesses not qualified as small because they make a whopping $250k a year) will absolutely mean less jobs.  Less jobs will obviously mean less money in the economy which will lead to less items being bought and sold.  It's a very simple plan for disaster.  

I know it sounds logical to "punish those rich guys" but working for those "rich guys" are how the vast majority of us make our livings.

Please try to think outside of the mainstream media.  It is very one-sided.  Go back to knowledge that was literally learned in elementary and you will see that mathematically Obama's plan can't possibly work.  By the way, in fairness McCain's plan was not much better.  I just wanted the lesser of the evils to win.

B.Wyatt

Fancy that...he has not been SWORN in YET and every one is expecting him to take

over from GW DUMMY today...73 days to go first.  The Bulls**t is still occurring on GW'S

Watch...thank you very much...Fancy that he has to inherit this Crap from a WHITE GUY.

GW....F**K UP and ....Obama has to clean up his mess...But he will...FANCY THAT

Wilber

I'm not the one making excuses.

He is the one who said he would make it happen.

He stuck his nose in before, why not now?

How true.  There has never been as big a two-day drop in the stock market in the two days following a presidential election in the history of our country.  That's all you need to know about the confidence people have in his ability to lead.  He is good looking and a great speaker, but he is in no way qualified to lead the country.  Maybe I should run for President in four years.  Why not?

Wyatt... so you expected it would happen the day after the elections?

Wow.. such expectations you had.  Wonder what your excuse would have been for the person you actually voted for.. that is.. if you actually voted.

*laughing*

You got that right.  The media will help Obama lower expectations on all of his messianic promises and start making excuses from the get-go!

The best part about being a conservative now is the fact the Democrats cannot blame anyone else for their failures these next 4 years since they have all the power!  LOLOL!

And for those of you who have short-term memory loss issues, we did not get into this economic crisis in 8 years.  It's only been within the last 2 when the Dems took over Congress.  LOLOL! 

Let them run this show right into the ground while I sit back and laugh and laugh as I watch them scramble to find someone to blame.  HA!

Onward to victory in 2010 and 2012!

Of course you seemed to forget all the legislation that got VETO'd in that last 2 years.... plus of course the fact that this has been happening a lot longer than 2 years... plus the fact that you forgot to mention that the Republican side of congress decided to drag their feet because they were sore losers.

Funny that the conservatives won't wait until the Obama is actually in office and has selected his cabinet before they start chanting that Obama failed.  AMAZING!

Such a divided country we live in lately.

Wilberta-if I didn't know better (ha) I'd say you are a racist.

If this country is divided, it is 100% the fault of the liberal media who did everything in their power to tear down conservatives at every opportunity while turning their faces away from Democrats behavior and shady dealings.

They started this fire and they can put it out.  Good luck with that.

#1 T you are WRONG, I am white and Wiberta's words ring true.

#2 Lady Liberty, do conservatives every consider that maybe the media is "liberal", because that demographic is actually the largest and they can keep their ratings higher by attracting that audience. You see, my point? Certainly if there were more conservative Americans than liberal Americans  the media would be trying to capture that audience, and thus more revenue. We've been sold on this idea that  Americans are conservative and the media is liberal, but it's not true.  Supply and demand 101. The Obama landslide has proven that.

I'm sorry to inform you of this but the media is no longer in the business of reporting the news.

They create the news.  They twist and spin every story to make conservatives look bad and liberals look good.  They do this because they are owned and run by liberals for liberals in order to move their agenda forward.  Not because they represent the views of the majority of Americans.

In all honesty, the overwhelming vote against gay marriage in 3 states shows you that -  even in uberliberal California conservatism still lives in a big way.

I think when you look the day after Bush got elected, the market went up and up and up.  B.H.O. = down, down, down......

No confidence vote already.........that didn't take long.........

Y'all conservative are full of ....well you know.... God, I've never seen such poor LOSERS!

L. Liberty, Money talks as they say. No one is going to pander to an audience thats NOT there, they follow the customers. We have been fooled long enough, conservatism is FAR from the majority, as I said the election results are proof of that. As to gay marriage, I see you point BUT, I for example am a New York born and raised (uber)liberal and I voted AGAINST gay marriage, as did many other liberals I know. Sorry, gay friends reading this. I'm not proud of it, and I thought about it but I'm married and I guess that influenced my choice. Some of us  want to see civil unions extended to include other rights as in marriage, but want marriage to stay as a male/female solely. That is what you are not factoring in.  Liberal yes, but I guess not liberal enough to say marriage should be defined as the same for everyone. The political spectrum is a circle, so you can be on the left and certain issues can bring you to the right and vise versa, although the left is my comfort zone. : )

And JIM, check the market again on 1/21.

SH-2000,

liberal is the largest demographic? that's how they retain their readership? 

what planet do you live on?  what color is the sky there?

1-christian science monitor cut all but one edition of it's publication, moving mainly online to stem years of losses.

2-nyt is hemorraging readers; ad revenue has fallen 11 straight years, stock price is at never before seen lows (it's been on a downward spiral for years).

3-the 3 broadcast networks-cbs,abc,nbc-are losing viewers. msnbc might have 100,000 a night. o'reilly's 4am rebroadcast garners more viewers than msnbc in primetime.

4-most major newspapers are laying off staff for years, and closing offices.

5-fox's number 1 demographic is 18-54 democrats, male and female.

tell us again, the public wants the liberal bias the msm is putting out?

uh huh...and the sun rises in the west.

They create the news.  They twist and spin every story to make conservatives look bad and liberals look good.

Yawn, I'm so tired of people shooting the messanger (MSM) instead of the message.  If the media is truely biased, then find some examples to refute their supposedly biased message.

B Wyatt - why doesn't your precious Bush - the "decider" get off his ass and finally do something for this country?  He still has two and 1/2 months left where he actually in power.  But I guess you don't expect anything but us, the people, to do hand outs to your GOP government.  That's socialism... oh I'm sorry - that would be capitalism the republican way. 

Bilbo... remember when the conservatives win?   Heck - I've never seen such sore winners either.  My whole life I've never seen such a group of whiners and criers.  They can't even stop fighting among themselves to win an election. 

Jowanaman, that is a great idea.  Since the dumbocrats have called for an end to bi-partisanship and co-operation, Bush should do everything he wants to get done in the next two and a half months since the dems. have promised co-operation, or did they only mean when yOmama takes over???

Uh, no Obama landslide. Maybe with the Electoral College votes, but not with the popular vote.

48 percent of voters voted for someone other than Obama.

I was part of that 48 percent.

I also know that markets go up and down for many reasons and the reasons for the current drop over the last 2 days probably have little to do with Obama winning, although that could be A reason.

I will wait and see what Obama does or doesn't do. Ditto with Congress.

I don't expect either to "fix" the economy. No one has that kind of power.

a difference of approx 6 million votes out of 130 million is about a 4% spread...which a mandate does not make.

if you listen to howard sterns interview with harlem residents, you know why most minorities voted for obambam.

Didn't you see Lieberman?  He was basically flip flopping right in front of our eyes.

The man disgusts me. He is a slimy sleazeball politician.  He only goes for the winning side.

He made a mistake this time, now trying to beg his way back to the Dem.  Disgusting.

By the way, nothing was said stating Obama can't fix the economy. It says... nobody is expecting he would be able to fix the screw ups in the SHORT TERM.  Meaning, realistically, 3-6 years.

3-6 years! Did he say this during his campaign that it takes this long?

Of course not, Otherwise he will not likely to be elected.

Maybe he is campaigning for his second term? It must be!

Unbelievable, this guy has not even sworn in yet!

I guess he is smart enough to think about himself and use his supporters to achieve his goals.

I believe during all his speech's, during all the debates.. He made one consistent statement.

It wouldn't be easy, and it wouldn't be immediate.  But I guess you weren't looking for those statements to jump on and turn and twist.

He promised a fix

Fix it and stop making excuse for himself and the Dem.

Look at the Pelosi and Reid. What have they done for the country lately?

Look at the stock market! The numbers don't lie.

I am going to held my hand out waiting for welfare since this is your Messiah has promised!

Like I said... its a good thing you posters are in the minority. 

First.. Obama isn't a Messiah.. your words only to divide. 

Secondly, you can't see past your conservative notions that nothing is your fault.

8 years of Bush... the last 2 years of VETO's and Filibusters....

I do hope Bush makes good on his promise to a smoothe transition.  We'll see.

Spot on Mark.

The last thing Joe is doing is begging the Dems to come back.  They are trying very hard to win him back over, they need his vote are will give him what ever he wants.  Stay strong Joe, alot of filibusters coming, stay Independant, that is how you won your seat.  Make the Dems beg, they got what they want and already are showing there true colors with picking Clinton appointees....What a change

John, I'm not sure if you watched the election, but never once did Obama promise a quick fix to the economy. He said throughout the whole campaignthat fixing the state of our economy would take sacrifice from all Americans. He said during the debates, that the ecomony may not even be fixed completely after his first term. Our country is in the worst economic crisis since the great depression and you have to be diluted to think that ANYBODY would be able to fix it in 4 years. It took almost 30 years to create this mess in the first place. I wish that people would educate themselves before they decide to spew their toxic hate. View the debates again and them come back here honestly saying that Obama promised a quick economic fix...

What he promised was to lead with hope and not fear.

What he promised was to keep Americans informed.

What he promised was to surround himself with the greatest minds in the world, the people that can help this country rise again the greatness.

If its not fixed before his first term is over, there won't be another term for him.

We'll have to see about that Jan, won't we?

Look at the stock market! The numbers don't lie.

They sure don't THANKS REPUBS !

...and yet you continue the idiocy.

John,

You said that you did not vote for John McCain and you are talking bad about Obama. One question did you vote?

John - no one had a pipe dream about the economy and what could be done about it.  Obama didn't say he could fix it in a day... a year... 3 years.  Anything that the GOP and Bush puts their hands on... might be broken forever... and it won't be Obama's fault. 

Hate to tell you guys - but we are going to be able to blame Bush and the crap that he and his people have done for a long long long time.  Look ...   LOOK at the national debt he GAVE US!!!

short-term, 3-6 years, one year, one term, whatever.

It's hysterical that so many of you (whether you support Obama or not) really believe he or anyone can "fix" the economy.

Certain policies can AFFECT what happens, but no one is in control.  Good thing too. The communists tried to do that-centrally plan the economy, in essence controlling the forces of supply and demand. It doesn't work.

Amanda don't you mean all the people who work.  Just pointing out the obvious.  Don't shoot the messenger.

All politicians make promises to get re-elected problem is the people keep voting in the same garbage that took advantage of the country in the first place.  I mean who was in charge when it collapsed last time due to a alx in regulations.

And who did not represent the country but the party when it came to voting for tougher regulations on Freddie and Fannie.  That my friends was a Democratic Congress.

T in TEXAS...#6.7

Of course you know better...my point being GW created this Mess Not Obama

if he were to take over the reigns now...every Obama Hater would accuse him of

Usurping..GW...and you know it...he has to wait until he's Sworn in...I bet he does

Something about the Economy 5 minutes LATER

Boy, have you been listening to Rush Limbaugh way too much.

America is way too divided with all the hate from conservatives.  It will take time to repair that, but the Rush boys decided that Obama's promise to change things should have happened over night..  Wow. 

And its the American Conservative that promotes this hate that are the THUGS.

I think Obama is the one who is hiring all the thugs.

Look at his choice of chief of staff.

He is not interested in bipartisan!

by the way, I am more disgusted by Pelosi and Reid, they have not kept their promises they made more than 2 years ago!! We are still in Iraq when they promised they would have the troops out in a year!

I am not a Republican. I would vote for Hilary in a heart beat if she was on the ballot!

So let me get this right...after 8 years of the most disrespectful treatment of ANY President in history, ~now~ the Democrats want to hold hands and sing "Kumbaya"?

Well, lemme tell ya.  I plan to give Pres-Elect Obama the same respect and consideration that he and his party gave President Bush for the last 8 years.  HAHAHAHA!!!

And I will be calling my representatives to be sure they know good and well that there should be no more reaching across the aisle since all you get is a bitten hand.  Let the liberals reach over to US for a change and see how they like having their agendas purposefully derailed so that we can blame them for the failures.  :-)

I think Obama's pick for cheif of staff was an excellent one.  Who better to pick that will be able to keep Pelosi and Reid at bay..

Why Pelosi and Reid have to be kept at Bay? Are they both Obama's supporters?

Did they vote for Obama or not?

He is their Commander in Chief. Are they supposed to listen to Obama and follow his lead?

I guess not based on what you said!

Hmm, there is already a rift in the Dem party. Interesting!

More drama to watch!

Can't wait to see how this is going to play out!

I am getting my pop corn and drink, (definitely not kool-aid)!!

I guess I have to explain it to you... kindergarten style?

Democrat or Republican... doesn't matter.  They all have agendas.  They all want their piece of pie.  Now, a strong Chief of Staff that will sift through these agendas in order to keep the president focused on real issues... so not to be bombarded by them. 

It would happen the same way if the Republicans had full control... I guarantee it.

I guess you are like your candidate and media

making more excuses

that noone would buy it

of course except those have been drinking all the kool-aid because they are still brain washed

It would take them 3-6 years to be detoxified and realize what they have done!

LOL!

Thats how long it will take the economy to detox from the Bush's.

Glad you people are the minority in this country... GEESH!

Mark

There is only hate in your twisted little mind.

We only make comments similar to the ones you liberals have made for the last eight years.

Now it is our turn as it is your turn to try to run the country.

Enjoy!!!!!!!!!!!!!!!!!!!!!!

Only this time you have no one else to lay the blame on, you own it all.

Senate

House

Hey Boy as President! (Junior Senator – No experience, there only by the express desire of the DNC) He will do as they say or be discarded like a piece of trash! They hold the cards!

Comments that took 8 years to make... But your making the comments a day after the Elections as if Obama should have been able to fix all this by now.  LOL  what a bunch of sore losers here.

Not a sore loser,

I wanted him to win........don't care for McCain either..........

I wanted him to win so you people would finally see the light. I'm prepared, I sincerely hope you are, but I think not. You still can't see anything but the stars, best wishes.

America is way too divided with all the hate from conservatives.

Mark, c'mon, where have you been?  The dems have been hating non-stop for the last eight years.  The pubs are just saying "You want the hate to stop?  You first!"...next time they have the white house.  If dems wanted a truce, they should have called for it when the shoe was on the other foot.  I'm afraid you're a little late.

It is a fact Blacks cannot lead anyone they are followers and if you look all over the world where ever there is a black person in charge the country is is in turmoil, look at the African countries look at the Caribbean tell me it is not true! This is a fact so do not go postal with race issues  

BWYATT, remember Clinton...remember the lies and millions of dollars y'all wasted trying to get rid of him...y'all started this...the American voters are FINISHING this and ridding themselves of the likes of you....

Mark - "America is way too divided with all the hate from conservatives..."

ROFLMAO!! ...oh now that's a good one. Tell you what, create another screen name and just post a few little things, just oh, "good one"  but say you are a conservative Christian.... Take a walk on the wild side ;) See how much "love" and "acceptance"  you get from the left.... try for ..oh a week. Travel all over, not just here. When you get "Christians should have their homes burned down" or their "children taken a way because they are being brainwashed"..... stuff like that.... yeah. Real lovey dovey.

Yeah, only "conservatives"  "hate"...

  ....shoot I need a tissue for that one!! Best laugh all day, thanks!

And in the end the love you take is equal to the love you make.....Paul McCartney....the GOP'ers started this....don't be upset that liberals are fighting back.....and beating you!!!!!

Hey Lady Liberty, Let's not make a ridiculous generalization. Bush got the treatment he deserved. When 9/11 happened I felt for Bush... No other President had to endure an attack on our country of that magnitude.  BUT that respect changed when he LIED to the American people and lead this country with one of the most CORRUPT administrations in American history rivaling that of Nixon. We were lead into a war with a country under FALSE pretense, we were lied to. Our national debt almost tripled in his 8 years in office... THAT is supposed to command respect??

AND NADASHEEP, if it looks like a sheep, talks like a sheep, and smells like a sheep...

Then it's a sheep, go ahead - herd behind Rupert Murdoch and his cronies... baaaahhh

(who BTW - trashed the GOP running mate royally LMAO)

I'm sorry, my standards are a little higher than that...

I'd guess that you've been dining on a steady diet of MSNBC. 

And you on....well, I guess with your un-educated views, I would say FOX or some southern AM radio station....

emanuel is a known attack dog; both parties use them.  he's known for playing hardball, being vindictive - ask the conservative dems elected in 2006 what happened, and being a bully-ask the conservative dems elected in 2006 about his temperment.

neither emanuel nor obama has ever reached across the aisle to work with other party. if you look at all the legislation sponsored during their tenure in office, you will not find their name on anything that has one gop sponsor. not one.

And as I recall the GOP did little to reach across the aisle whe Delay and Armey were in charge...you guys have earned what's coming to you.....

But as a member of the minority party, Obama also worked across the aisle with Republicans to push several measures that became law in 2006.

Working with Republican Sen. Tom Coburn of Oklahoma, Obama won enactment of a law creating a single, searchable database of all federal contracts, grants and loans.

He also partnered with senior Indiana Republican Sen. Richard Lugar, the former chairman of the Foreign Relations panel, to sponsor legislation to strengthen international efforts to destroy conventional weapons, though it did not advance out of committee.

McCain reached across the aisle on very substantive issues. So did Hillary. Anyway, no way this country becomes "unified".

This thread proves it.

Too much hate and distrust on both sides.

Doesn't matter who started it at this point.

We're all guilty.

I love the calls from the Obots for unity and respect for their president elect. They demand everyone get behind their boy.

But according to them, the crappy treatment they gave Bush from day one was justified. For them, Bush deserved all the bile and hatred they continuously spewed.

Were the burning of his effigies, the calls for his assination, the derogatory propaganda movies,  and the all the other insults the Obots way of showing respect and love for the president?

There can not and will not be unity with this marxist obama and his cult followers.   

bilbo, more bipartisan legislation was passed under armey and delay. obambam did not work with coburn; talk to someone from his office. what obama said in the debate is an outright lie that could have been verified with one phone call....but again, msm gave him a free pass. btw, it was fox (and several foreign outlets) who called him on the lie. lugar wouldn't give him the time of day. give one piece of legislation obama ever reached across the aisle for-senate or house bill number.

You don't have an link because it is a LIE....

bilbo...was on florida tv stations.  probably on you tube by now.

even if it's not, there's howard stern going into harlem and asking residents what they thought of obama and what he stood for.  many of them responded as peggy the moocher (whom spike referred to) did, saying they would no longer have to pay rent, utilities, bank loans or credit cards, car payments, gas---you name it, they said it would all be free. 

worse, when howard presented obama's platform positions, they agreed with it 100%. problem is, when howard presented obama's platform positions, he gave them john mccain's positions. he reversed it with mccain being presented with obama's positions, and they nixed mccain 100%--who was presented as having the position of their preferred candidate.  of course when howard aired it, sharpton screamed like a stuck pig.

who's racist?

provide the link...put up or shut up.....

go listen to stern's podcast from friday.

no...you provide the link....

Yeah, I saw that video.

bilbo, it's not a lie.

Now how that video can be interpreted is an entirely different matter. I'm not sure I can post links (newsvine sometimes has rules about that). Here's one from youtube:

Here's some info if the link doesn't appear:

Peggy Joseph is the name of the lady who made the comment at an Obama rally. It was reported by a local NBC station (I know it's NBC because of the NBC Peacock in the corner)

Here is what she said (verbatim):

"I never thought that day would ever happen when I wouldn't have to worry about putting gas in my car, I won't have to worry about paying my mortgage, you know; if I help him, he's going to help me."

Some interpret this as the woman believes Obama will give her these things or give money to her for these things. The problem is that the video clip is so short (26 seconds) we don't have any idea if it includes everything she said. If not, then it could be the quote was taken out of context. If it is the whole quote, well we still don't know exactly what Ms Joseph meant. She never said Obama will give me these things, just that she won't have to worry about it. So what did she mean?

Edit: doesn't look like the newsvine will allow the link to appear. Honestly, if you can type a comment here you can google Peggy Joseph Obama rally.

the minorities Blacks, Hispanics and gay and lesbian folks put this idiot in power thinking they will benefit from Obama.....they will be shocked when their causes are not helped by his presidency!

Racist and a homophobe...geez, what do you expect from a GOP'er

bilbo..read post 9.2.  i ask you again...who's racist?

not wanting to give special rights to homosexuals does not a homophobe make.  you say that because you have no logical argument.

Funny how before the election Obama had all kinds of plans to fix the economy. Now he can do nothing to fix the economy, sounds like a man that would say anything to get elected 

Um, read the article.  It's not that it can't be fixed, nor is it that it can't be fixed under Obama.  It just can't be fixed tomorrow.  Early in Bush's presidency, we had an economic downturn that looked like it could become a recession, and Bush put us in a war (which historically pulls us out of a recession), but because of other factors, we're back on the recession path.  Rome was not built in a day.  It will take time to turn the economy.  It always does.

not wanting to give special rights to homosexuals does not a homophobe make.  you say that because you have no logical argument.

Marriage is a "special" right???????

To these homophobes it is...it's hard to be a racist against a white when...well you know....

There is no "Right" to marraige in the US Constitution. Any thing not directly addressed in the US Constitution is expressly delegated to the states. California, Florida, and Arizona have used their authority legally to limit marriage to a man and a women. If you don't like it you are free to move to another state that allows gay marriage. You are not forced to live in any of those states.  Try the Peoples Republic of Massachusettes. I've heard they celebrate your marraiges there.

let's put it this way-heterosexual marriages are all that have been recognized since marriage became a social institution. if you read greek and roman history (try gibbon's history of the roman empire for the latter) you will note that when homosexuality became an accepted norm with same sex marriages, those societies/civilizations collapsed within 2 generations.

I didn't hear any mention of this biggest two day post election drop on any MSNBC show featuring the likes of Schuster, Matthews, Olbermann, or Maddow.  It must not have happened!

It could also have something to do with the jobs report.

that didn't come out until this morning; the implosion happened wednesday and thursday.

The Dow has been dropping for a while now... or have you watched it?

I'm thinking its actually a good thing to have happen.  People have been getting way to rich off the backs of the working class.  Its social cleansing now.  The greedy tards will now have to pay for their greed... and when its over, a new financial beginning will happen that may actually give this nation a couple generations of wealth and prosperity, like what happened just after the depression.

Many of the retirees have their nest eggs in the stock markets.

They are middle class.

They suffered too!

I guess you don't care about them so long your candidate get elected.

Mark

I stated that the Dow dropped two days in a row the two days after obamas win the biggest two day drop ever, do you need me to spell it for you.  OBAMABOTS will follow him off a cliff blindly like a cow in head lights.

I know of no dems who give to charities they only take and want more. It is fact that republicans give more and dems are victims only.

Really?  So you are saying that my 5000.00 donation to the American Heart Association wasn't from me?  WOW!  I need to see my accountant.  I have never collected unemployment, food stamps, any govt. subsidies.

Seems to me that BUSH had the biggest ONE DAY DROP in history of the DOW not too long ago... so what's your point?

John... The stock market didn't start going down just yesterday you know...

The Dems, and Repugs, both have blame for it.  Its not a time for divide, but a time to fix it.  But, the divide in this country is so stupidly strong that yes, it will take Obama time to fix. 

Sorry people with nest eggs lost money... but Stock Markets aren't something, or shouldn't be something to rely on for retirement. 

Mark

I think you are FOS, post a copy of the cancelled check! forgive me it was cash and you didn't claim it on your taxes.

I'm not that stupid to post a copy of a check.. just to prove it to the likes of you.

How can you make such a blanket statement like you made about no democrat donating to charities... MOST OF THE CHARITIES ARE RUN BY DEMOCRATS ya idiot!

My father died of heart disease... I've donated every year since.  Don't see how that is tied to my being a Democrat though...   Maybe that's all you got in your tiny brain.

Any Idiot knows to blank out the tracking numbers.

You are FOS.

Humor my tiny brain!

ignored...  what a moron.

US on the way to becoming a Third World Country!

Mark

Apparently YOU are the MORON for claiming you ignored my reply.

You are FOS and not worth further comment.

"I know of no dems who give to charities they only take and want more. It is fact that republicans give more and dems are victims only"

I guess you never herd of Warren Buffett who backed Obama and is donating 85 percent of his fortune amassed from stock in the Berkshire Hathaway company to five charity foundations and has criticised the US tax system for allowing him to pay a lower rate than his secretary and his cleaner

Little known fact: John Campbell (Congressman) introduced a bill called "Put Your Money Where Your Mouth Is Act." Here is what it would do:

Under this bill, a line would be added to the tax form 1040 which would easily allow you to add as much additional tax as you would like over the amount that has been computed. Furthermore, you can call for the money to be spent rather than just applied to pay down the deficit. Under this bill, all those people who want to see the Bush tax cuts repealed could easily pay that extra tax.

We should all start calling our reps insisting that Rep. Campbell's bill be brought to the floor AND passed by both houses. And signed into law. Who's with me?

Can someone show me the statute in the Tax Code where it states that we Americans need to pay a federal income tax on our wages and labor? Also, where in the Tax Code does it define "income?" Anybody????

Gee....maybe Bush and all those bad Republicans weren't really responsible for the poor economy after all. 

Damn, Dev! Half way down the page before someone pointed out the obvious. Sad (not you), really sad.

I got through it by laughing at all the fools who actually believe someone is in control.

LOL!  If I was a lazy bum, I would quit my job right now and stick my hand out shouting "gimme, gimme" on the White House steps as soon as Obama is inaugurated.  HAHAHA!!

I've already told my husband that if my taxes go up one cent, I will get a $10/hour job and cut back on our spending until sanity returns to the White House.  I refuse to see more of my hard-earned money go towards more useless and ineffective entitlement programs.

Sore losers....

my boss said he's closing the business, going to go home watch oprah, smoke crack, and wait for the gummint check.

told us all to do the same.

like good democrats, we did.

And like a good GOP'er your spouting racist crap

Really?  The Dems have been pointing the finger at Bush for the last 8 years.  And guess who has had control of Congress for the past 2 years when the economy started to slide?  Hmmmm......

Lady.. you really must not understand how things work on the hill.  For the past two years the dems have been VETO'd for the majority of things they tried to get through.

Even when Bush sent them the Bailout bill... they had to pad if with another 150 billion to satisfy the Repugs.

One can only wonder how much of that 150 billion was for the Pubbies....hmmm....

The Dems love to spend and spend they will, courtesy of American taxpayer dollars.

P.S. I was completely against the bailout as any true-blooded conservative should have been.  Let the free market work!

Well for once we agree.  It shouldn't have happened.  The Crash should have been instant and hard on Wall Street.

But it was Conservative Bush that sent the bill down to the Senate.  Palosi had to do something with it.  Repugs wouldn't vote for it until it was padded.

But all LL can do is shirk the GOP's responiblity in this debacle and blame everything on the DEM's...geez, what a sore loser....

I thought members of both parties added "padding" to the bill.

And just why did Pelosi allow it? What kind of leadership is that?

Good point about fiscal and monetary policy. Those can certainly affect things, but no one is really in control (as in micromanaging). The Soviets and China tried that (India still tries it)--a centrally planned economy (micromanaging) with disastrous results.

I'm not so sure Obama thinks he can fix it. If he's so smart and educated then he knows he can't.

I think he just said all that stuff because he knows many people believe it (cause he's smart and tuned into people) really works that way. And he knows (cause he's so smart and tuned into people) that people will vote for the person who says it.

Don't forget he's smart. Harvard Law Review. Top of the class and all that. Can pronounce "nuclear" properly. And he ran a good campaign (look at how much he raised). And he talked to all the right people who know about economic stuff.

If he really DOES think he can, then he's an idiot despite his education and oratory skills. I guess in that case all the people voting for him ON THAT BASIS would also be idiots?

Mark you apparently havent done your home work on the bailout.  The republicans put a bill up to grant more oversight of the financials system of Wall Street the Democratic Congress voted it done.

Now why is that? 

Its just natural conservative rhetoric here.  I'm hoping these are minority views in this country.  Funny they all waited until day after elections to start saying he was a failure president ( even though he hasn't sat in the oval office yet )  LOL. 

Well, waving a magic wand is rather what he implied that he was able to do!

Not really, but ok. And I'm sure he knows it will take time to fix 8 years worth of problems. And i'm pretty sure people should  know that it will take time to get this country back on track.

Well yeah, since he's the messiah, he should be able to fix everything immediately.

even though Obama isn't the messiah... isn't that the exact same thing they said when Christ was hanging on the Cross?  He can save himself and all the rest.

WE haven't learned anything in the past 2000 years.  Sad.

Well I'm not even a Christian, but Christ could have saved himself.

He died to save us (well, not me, I think the Bible says to save man).

In other words, he sacrificed.

Doesn't change the fact that Obama (actually no one) can "fix" the economy

Well, Not really --the libs would continually win over and over so there would be no reason to even have a Repub party.

And he takes over when???????? ,,,,,idiot.....

Well, I hope Obama will return to the Senate. He is still a sitting Senator. As is Biden. Until they are both sworn in, they have a different job to do.

They shouldn't get a pass just because they won.

um... he did.

Well, they didn't choose the wrong person...quite obviously...apparently YOU did....

That remains to be seen now doesn't it.  I am just curious as to what your going to say when you realize both parties are the same.

Remember this Bilbo congress's rating has been lower than Bush's (it's Democratic).  I don't care that Obama won. 

I want a government that makes the right decisions and neither party have done that for a long time.  I have voted in the last 7 Presidential elections and have realized they are all in it for themselves.