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Stock market down 150. Sure sign the Rethugs and big business are running scared

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Ex Lurker Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-20-09 12:46 PM
Original message
Stock market down 150. Sure sign the Rethugs and big business are running scared
they know the gravy train is over.
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NJmaverick Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-20-09 12:47 PM
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1. As much as this is a great day for our nation, the mess the GOP made of our Nation
can not be undone overnight.
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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-20-09 12:49 PM
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2. Historically, the market does better under Democrats.
I don't see the connection with the Inauguration. For one thing, everybody has known it was coming since November 4.
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Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-20-09 12:49 PM
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3. Their gravy train ended in October 2008. This is just more of the same.
The problem with Wall Street is that its mentality is prone to bubbles. They perpetuate it by sending parasitic lobbyists to Capitol Hill to change the laws to allow such things as the Enron Loophole or some other nonsense like repealing the Depression-era Glass-Steagall Act that prevented consolidation between commercial banks and investment houses.
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stray cat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-20-09 12:51 PM
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4. It dropped everytime Bush spoke - we all need rescued including the repubs and corporations
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DCKit Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-20-09 12:51 PM
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5. For good reason, I hope.
Re-regulation is a great idea, but massive investigations are in order.
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denverbill Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-20-09 01:01 PM
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6. After 8 years of conservative policies, the market went from 10500 to 8200.
Under Clinton, it went from 3000 to 10500.

Bush inherited a budget surplus and gave us 6 record breaking deficits.

We were on pace to totally pay off the national debt by 2012, and instead it's now more than doubled.

What the market is doing today has nothing to do with Obama. It has to do with a world economy that's teetering on the brink of collapse because of the reckless fiscal policies, trade policies, and laissez-faire utopian vision promulgated by the libertarian crazies that infest the right-wing today.
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