November 05, 2008

Now It Begins!

From todays AP:  Stocks fell just shy of 500 points.  See, I told you so!

Democrats:  No fair GM, that was profit taking from a down market...

Oh Yeah?  How about this

The most cited paper was published in the Journal of Finance in October, 2003 by two University of California economists, Pedro Santa-Clara and Rossen Valkanov.  They found 9% higher stock market gains for large stocks in Democratic administrations since 1928. 

[...]

Vanguard published an excellent summary of this econometric work on October 23, 2008.  In particular, look carefully at Figure 1.  It shows that the stock market rose in every year since 1940 and that the massive rebound in 1933 from the lowest levels of the Depression overly influenced the results. It also shows that, after the Depression, the stock market grew almost equally in Republican and Democratic administrations if you drop the 1974 recession (caused by the first energy crisis, which was hardly President Nixon's fault) and the 2001 recession (which was in progress before President Bush 43 took office).  Figure 2 shows that the stock market return since 1852 has been virtually the same for Republicans at 8.66% and for Democrats at 8.97%."

And yet, the market fell 500 points the DAY AFTER Obama was elected.  BOHIC (Bend Over, Here It Comes)!

by GM 

Posted at 08:08 PM | Comments (31) | Add Comment
Post contains 220 words, total size 2 kb.

1 GM.  You must be retarded. 

Were you not making excuses for the economic decline for the last number of months?  Were the markets NOT at that time reacting to Republicans? 

Now of course, it is Obama.  The day of the election when the dow went up, not Obama.  Down, Obama.  See the logic?

You might want to look at the volatility of the last couple of months.  Maybe find the pattern.

Was the growth in the 90's Clinton?  Luck?  Republican congress? 

God GM, YOU are nuts. 

Posted by: GM Hoakster at Wednesday, November 05 2008 10:19 PM (7ZOn/)

2 A 500 point drop is NOTHING in comparison to the bloodbath that occurred in October.  Or was all that Obama's fault, too?  And, yes, more hard times may be on the way but we knew that was the case regardless of who got elected.  It's going to take a while for the Bushco trainwreck to come to a halt.  

Posted by: e. nonee moose at Thursday, November 06 2008 07:40 AM (dlFaD)

3 Hoakster, obviously you have the reading comprehension of a retarded grape.  The financial meltdown was triggered by the fannie/freddy fiasco.  Those entities were protected by democrats when repubs wanted reform.  Take your rotted tripes elsewhere to sell. 

Posted by: GM Roper at Thursday, November 06 2008 07:50 AM (tLNCB)

4 Oh, and unlike Marc's blog, you don't get away with nasty comments here... read the rules

Posted by: GM Roper at Thursday, November 06 2008 07:59 AM (tLNCB)

5 Those entities were protected by democrats when repubs wanted reform.

All of this didn't stem from Fannie and Freddie and don't even say it was just the Democrats protecting them.  Bush was on this bandwagon, too.


Posted by: e. nonee moose at Thursday, November 06 2008 10:24 AM (dlFaD)

6

GM Roper and his wing-nut sidekick Woody are not only angry white straw men but entertaining with their paranoia of Obama.  If a hurricane hits New Orleans it will be blamed on the Obama presidency.

Obama has not even taken the wheel of the crashing train their beloved republican George Bush has been driving for eight years and already they balme Obama for the crash. lol

 

 

Posted by: frank at Thursday, November 06 2008 10:36 AM (Rf86u)

7 "Bush was on this bandwagon, too."

Sure he was,...

 and so was McCain

Posted by: Oyster at Thursday, November 06 2008 11:39 AM (hCybq)

8 Yeah, frank, tell us all that Bill Clinton did to reinforce the N.O. levees, how the Democratic LA governnor and mayor of N.O. planned and evacuated people, and what Obama has proposed to do to make the city safe.  You're blaming things on Bush that weren't his fault or his duty and on things that were build decades earlier.

Posted by: Woody at Thursday, November 06 2008 12:23 PM (Eb/8J)

9 It will take a good deal of recrimination and time for Roper to gain back the credibility he foolishely sqandered away last election campaign. This blog shamefully gave voice to the worst, most toxic core of America's being rooted in deep ignorance, fear of others, out and out racism and bigotry. We've heard outrageous claims here that Obama will destroy American form the inside, that he is a racist, anti semite and so on. None of this came from serious analysis, it was all meant to tap into the most ugly elements of our national discourse. It was and is shameful. That you guys thrived on that is evident for anyone who wants to delve into the archieves, and that this spirit was firmly rejected by the majority of Americans is truly remarkable, a statement of courage. i'd recommend a long period that the authors of this blog go through the archieves, spend a significant amoubnt of time soul searching and hopefully reemerge as better and more complete human beings

Posted by: Ahmed at Thursday, November 06 2008 01:45 PM (shX1B)

10 Racism?  You dare to bring up racism?  So what was the 95% of blacks who voted for Obama?  THAT'S racism, out and out.  This election is obvious and clear evidence that racism today comes from blacks, and blacks alone.  Only the blacks in America could vote 95% for someone of their race and not get headlines.  If 95% of whites voted for the white candidate; or 95% of hispanics voted for the hispanic candidate, you can be sure they'd be called racists.

If you want to find racists in America today, look no further than the black "culture."  That is where it can be found, and there alone.

Posted by: Ogre at Thursday, November 06 2008 03:49 PM (QPDEH)

11 I was beggining to write a rebuttal of your silly remark, whiuch would start by giving you an elementary lesson on the ways in which power and white supremacy in America have created the conditions thought race is lived and experienced. But why waste my time on someone who given your statements has at least found the right handle, Mr Ogre. Besides, there's another way to look at your equation. You support a political party which alienates such a large mojority of African Americans that it can only yield 5 per cent support. A political party whise conventions look very much like they are all white get togethers. Now, Mr Ogre, what does that say about you. Okay, enough with the people reg in his over hopeful way calls dead men walking. It's still to close to the results for that. Your project lost fellas, and it was a loss that judging from the tone and character of this blog was well deserved!

Posted by: Ahmed at Thursday, November 06 2008 05:06 PM (/Rvqf)

12

Ahmed:  <i>this spirit was firmly rejected by the majority of Americans is truly remarkable</i>

No, it wasn't.  They didn't have a fair chance to hear us.  Do you think that the mainlining media covered a tenth of what we knew about Obama?  Where's that LA Times video tape?

On the racist vote, it's not just the percentage of the black vote that Obama received but also the turnout of the black vote. 

On election day, I was at Petsmart to get some dog food.  While roaming the aisles, a black man with a little dog and a black lady were discussing Obama, and there was only one thing on their minds--his race.  I surprised them as I walked up, so they toned down their talk.  I wanted to be cordial and put them at ease, and I wanted to say something polite, so I said to the man, "It's nice to see a black man without a pit bull."  We all laughed and went our ways.  Not really.

Posted by: Woody at Thursday, November 06 2008 05:17 PM (Eb/8J)

13 I'm amazed that you can read my mind, Ahmed.  If you're trying to imply that I support the Republican Party, you couldn't be more wrong.  And even if I did, that wouldn't change the absolute fact, that you seem to want to deny, that in America today, the primary source of racism is black people.  That's a fact that this election has proven.

Oh, and this also proves that ALL affirmative actions programs should be completely and totally dismantled for all time.  But I'm not holding my breath for that to happen because as soon as I suggest it, I'll be called "Racist" -- by black people.

Posted by: Ogre at Thursday, November 06 2008 05:51 PM (KuF6+)

14 Hey Ahmed..when do we get to see Obama's birth certificate?

1. Occidental College records -- Not released

2. Columbia College records -- Not released

3. Columbia Thesis paper -- 'not available'

4. Harvard College records -- Not released

5. Selective Service Registration -- Not released

6. Medical records -- Not released

7. Illinois State Senate schedule -- 'not available'

8. Law practice client list -- Not released

9. Certified Copy of original Birth certificate -- Not released

10. Embossed, signed, paper Certification of Live Birth -- Not released

11. Harvard Law Review articles published -- None

12. University of Chicago scholarly articles -- None

13. Record of baptism-- Not released or 'not available'

14. Illinois State Senate records--'not available'

Posted by: Sonnabend at Thursday, November 06 2008 05:59 PM (NMr12)

15 Look, facts never bother leftists. What they're doing here is criticizing with hatred and contempt. After watching this video, i've concluded there is no reasoning with them; they've been brainwashed into an ideology and respond to cues like pavlovian dogs. http://www.youtube.com/watch?v=qlpODYhnPEo

Posted by: Cao at Thursday, November 06 2008 06:45 PM (rnI6I)

16 Facts don't bother leftists; so don't waste your time trying to reason with them! As Bin Laden said..."the interests of Muslims coincide with the interests of the socialists in the war against crusaders" Akmed is following that template here.

Posted by: Cao at Thursday, November 06 2008 06:48 PM (rnI6I)

17

You want racism?

Prosecutors said Hart, who is black, yelled " 'White [expletive], [expletive] McCain--you white police can't do nothing anymore.'"  With that, she reached through the window of a squad car and slapped a white male officer in the face, according to Assistant State's Atty. Lorraine Scaduto.

Kenneth Smith, 24, of the 6700 block of South Ada Street, was arrested after he allegedly fired a handgun outside his home. Smith, who is on parole for a previous weapons conviction, told authorities that "the police only arrested him because a black man won for president," Scaduto said

Posted by: Sonnabend at Thursday, November 06 2008 07:53 PM (tLNCB)

18 Only a nativist wingnut with no interest in talking about issues which effect poples lives and confronting the enourmous challenges ahead of us would take the time to get into a hissy fit over Obam's birth certificate. I could franly care less as it's beyond a non issue. Sonnebend get some help soon!

Posted by: Ahmed at Thursday, November 06 2008 11:38 PM (vPj5M)

19

Ahmed, you do understand that only native born Americans can run for President.  You may not care about the Constitution, but I like the system that doesn't let French, Russian, or Kenyan citizens run for our highest office.  There's a good reason that Obama didn't make as his theme song a hit by one of his big supporters -- Bruce Springsteen's "Born in the USA."

Posted by: Woody at Friday, November 07 2008 07:46 AM (Eb/8J)

20 More irrelevant whining from folks who are not decent enough to be gracious in defeat. The country is moving on, perhaps you guys hsould as well

Posted by: Ahmed at Friday, November 07 2008 01:07 PM (shX1B)

21 It's pretty bold to say that you're moving on without half of the population--the half that includes major taxpayers. So, if Obama is the President of only half of the people rather than everyone, then good luck!  It won't work.  I already have clients looking at ways to legally circumvent his tax hikes, so don't expect a lot. 

Posted by: GM Roper at Friday, November 07 2008 04:27 PM (45Yvh)

22

Roper, I hope that you've read comment # 9 of mine and take it to heart. As for the issue of loyalty that you brought up, I've always believed in loyalty to principles. I don't think that people like me who refused to be quiet for the last eight years as a president of stagerring incompetance led us into a disastrous war, attacked civil liberties with little regard to due process or constitutional rights and presided over an adminstration which found its voice only throyuhgh creating enemies have anything to apologise for. In a just world your man Bush ansd his crew would have to face some semblace of real justice for his crimes.

As the rest of you and Cao in partcicular Im disappointed but hardly surprised. Of course, it's a momentous moment to have elected a black president, not on the basis of race, as he overcame overwhelming odds and spoke clearly to people disaffected by the political system. Anyone who was not in some way moved the toehr night, especially if they consider themselves "proud americans" is, IMHO, beyond redemption. Have you forgotten that this is a country where the Ku Klux Klan once had millions of members who waged a campaign of deadly terror against black citizens with the support of a prejudiced legal system. How can one forget the photographs of African-Americans during the first three decades of the last century being lynched under the approving gaze of white families enjoying their picnics as they watched ? in Billie Holliday's memorable voice ? "Black bodies swinging in the southern breeze/Strange fruit hanging from the poplar trees"?

It was the mass struggles for civil rights in the 1960s that forced desegregation and the black voter registration campaigns, but also led to the assassination of Martin Luther King and Malcolm X (just as he was beginning to insist on the unity of blacks and whites against a system that oppressed both). It would be trite to remark that Obama is not one of their number. He is seen as such by the 96 per cent of Afro-Americans who spilled out of their homes to vote for him. They may yet be disappointed but for the moment they are rejoicing, and who can blame them.

Shame on you. On the more hopeful side if Cao disgusting blog is a sign of what's to come from the rigth, then things look well. Off to the ideologica wilderness, so it seems

Posted by: Ahmed at Friday, November 07 2008 05:18 PM (shX1B)

23

Ahmed, you are a fool and an unknowing one at best.  "More irrelevant whining from folks who are not decent enough to be gracious in defeat. The country is moving on, perhaps you guys hsould as well"

Oh, like you guys were in 2000 and 2004 and in the 8 years those two elections compromised?  Do us all a favor Ahmed, go play at Marc's with your other obamabots... Thinking people don't buy your crap.

Posted by: GM Roper at Sunday, November 09 2008 11:16 PM (tLNCB)

24

GM Ropers idea of thinking people include racist crazies who run blogs during the election obssesing about whether Obama is a muslim and people who suggest that the vote of poor people and blacks are worth less than that of others. Roper is still trying to recover from his crazed frenzy of posts near the end of the election (some of whic I copied onto Marc's blog). Moving on doesnt mean disregarding principles, if anything I regret that Bush and others having being forced to face any semblance of justice for torture and other activities. I read an interesting article today, which looked at where religious vote went in catholic, jewish, protestant and muslim communities. In total thse communities went overwhlmingly for Obama, in paret, surely, as a protest against the narrow identity politics, nativism and chauvinism represented by  the Palin and let me say Woody wing of the repubs.

Posted by: Ahmed at Monday, November 10 2008 01:15 PM (WC2M6)

25

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