Has Obama saved the countries 401K's?

[Galen Sevinne]

Yeah that would be country's anyway...

While it is early to make such an optimistic evaluation, many of us are certainly liking our retirement plans under the "marxist/socialist regime" (LOL) of Mao Obama!

In Obama's almost 14 months in office the Dow has moved from a January 20, 2009 level of 8077 to a April 13, 2010 level of 11,019 reaching the psychologically safe level of 11,000. A gain of almost 3000.

In comparison of the 14 months, prior to Obama's save, "W" saw the Dow go from 13,800 to 8077. A loss of almost 6000.

Funny how a "radical socialist" agenda could do such a thing!

[AirFlacco]

Once again, you don't know what's going on but don't fret pal, most people on Wall Street don't.

It has nothing to do with OBY Galen. It's the ppt which was put in by Reagan.

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With Paulson’s new $700 billion credit card, the PPT obviously has access to much more money than in 2004 – enough money, no doubt, to buy large blocks of some key stocks. Those purchases, in turn, would trigger the program traders’ computers, which follow like robots according to pre-set formulae. Although thousands of stocks are publicly traded, only 30 stocks compose the Dow, making this trend-setting index fairly easy to manipulate.

While the Dow is being propped up by the PPT through massive buying, the gold market is held down by massive short selling, since gold is considered a key indicator of inflation. If the gold price were to soar, the Fed would have to increase interest rates to tighten the money supply, collapsing the housing bubble and forcing the government to raise inflation-adjusted payments for Social Security.

================================



The dow is rising because the gov't is buying all the indexes and it is regulating the markets.

With unemployment around 10%, really closer to 20% if you include part time jobs people have that can't get full time jobs, there isn't enough capital for the indexes to do this good, unless the gov't is buying everything.

The ppt worked for 9 years as the market grew to its greatest heights under Bush but not even the ppt could prevent the great crash in 08.

And even that great DEM Warren Buffett says the ppt will not be able to stop the next crash when all the buyout $$ hits the streets and inflation wrecks the economy and here is why companies don't have the capital to buy indexes, so it must be the govt. From Buffett himself:

_______________________________________

So forget "moral hazard" and just look at Warren Buffett's description of what is happening to his home construction business, Clayton Homes. Clayton, which makes pre-fab homes, also has a lending business. Surprisingly, Clayton hasn't been crushed by the markets because it maintained high lending standards and doesn't have a balance sheet overflowing with defaulting loans.

But it is getting crushed anyway. But the crushing agent is the government not the markets. You see, the government has extended loan guarantees of various sorts to troubled financial companies

. This means that a bank or a financial company able to borrow under a government backed facility will be able to raise capital at low prices. Clayton gets crowded out of the market as would-be lenders flock to the safety of the government backed facilities. What's more, Clayton must then attempt to compete with these borrowers despite it's higher borrowing costs.

_____________________________________________


Read more: http://www.businessinsider.com/warre...#ixzz0l4GtyqUQ


Gas prices have already gone up by $1 on OBYs watch.

My fund has increased but is no where near what it was at $68.

==========================

Here is how the ppt works which stand for plunge protection team, which Galen never knew existed.

Geithner pushes a button and more money is printed. It goes to an off shore Cayman account and then to an investment house, namely Goldman Sachs headed by the Treasury Czar under Clinton and the man who expanded the ppt under Clinton - Rubin.

He buys the indexes for the govt and that keeps it from sinking. He also regulates the prices for the stocks. Now Rubin is at an advantage here because he knows which stocks are rising and falling because he is regulating everything. So he is making a bundle for Sachs and his pals by doing a lot of shorting.

Rubin also passes some of the $$ to other houses like JP Morgan Chase owned by Rockefeller and founder of the Trilateral Commission. Geithner also belongs to the commission as does Breznisky, it's co-founder and OBY's chief foreign affairs officers.

So you see Galen, it has nothing to do with OBY. It's the ppt, the most monstrous govt agency since the IRS and put in by Reagan after he campagined to streamline the govt.

He put it in after the 87 crash when certain GOPs lost a lot of $$ and wanted to stop it from happening again. I haven't been able to find out who but Mease's $$ put him in so I would start there.



So the good ole boys clubs get personal benefits from the ppt.

Now, in the criminal world, this is called laundering money and mafia types
go to jail, but not the govt guys like Geithner and Rubin.


THE PPT RIDES AGAIN:

http://www.webofdebt.com/articles/stepfordville.php



http://beforeitsnews.com/story/17838..._Cover-Up.html

http://www.youtube.com/watch?v=zZj9HQCqIGo

[AirFlacco]

BTW, Galen wasn't saying anything in Jan and Feb of this year when the DOW plummetted almost every single day of the month dipping below 10,000 pts even with the govt manipulating it.

Here is a guy predicting another big fall. A lot of people in the forums are starting to pull their $$ out of funds and lock them up in annuities fearing another crash. The interest rates are much lower @ 2-3% but at least they will be there in 5 years.


http://www.businessinsider.com/henry...ew-low-2010-2#

[Galen Sevinne]

BTW, Galen wasn't saying anything in Jan and Feb of this year when the DOW plummetted almost every single day of the month dipping below 10,000 pts even with the govt manipulating it.

Here is a guy predicting another big fall. A lot of people in the forums are starting to pull their $$ out of funds and lock them up in annuities fearing another crash. The interest rates are much lower @ 2-3% but at least they will be there in 5 years.


http://www.businessinsider.com/henry...ew-low-2010-2#

Brilliant...pull everything out now that the Dow has stabilized and shown steady but modest increase for over a year now! Right and it is all Reagan from 2 decades ago...whatever Trap.

Keep dreaming from friend.

Obama's admin has stabilized the markets, jobs are starting to be created again, all Americans will soon have access to affordable healthcare, projected deficits are now showing some early indication of being lower than what was first thought, international relations are improving to pre-"W" era times. "Happy times are here again" LOL

Keep being the cratchety bitter man who feels he is losing his grip on this notion of what "America used to be"...succumb to Rush, Beck, Hannity and all those multimillionaires who have found a market in fear-prone individuals and are playing those people to the tunes of millions more.

The rest of us will continue to enjoy the change, the emerging new climate in our country and hopefully the sustainable wealth that will be around for a while this time.

[AirFlacco]

No clients again today huh Galen. It's lunch time but I know docs that skip lunch. Too many patients. I saw my doc at lunch eating a sandwich in his office standing up while viewing an x-ray.


LOL - The rest continue to enjoy the change?

Jobs are better? LOL

See the unemployment rate near 10% (it was 8% when OBY went in and he said the buyout $$ was needed to keep unemployment from going to 9%) and OBY just said it will continue to be 10% for the entire year. Add another 10% for people that have part time, min wage jobs and are working 3-4 days pr week because they can't get full time jobs.


Nobody is enjoying paying an extra $1 pr gal at the gas pump.

See the thread where DEMs are at the lowest point in the history of the
Gallup polls. Nobody is enjoying anything.

See the thread where GOP will get 50-60 seats in mid terms.
The country is restless.

70% did not want health reform change and they are revolting.


Only 2% is being spent and the markets are no where near where they were when they dropped, even with all that gov't manipulating.


Nobody is celebrating anything except you Galen.

Once again, you ignore the facts like this one:


_______________________________________________________________________________________________
Consumers still account for more than 70% of the spending in the U.S. economy, and consumers are retrenching. The value of their assets has plummeted, so they're finally saving again. They're unemployed. They're tapped out. Put all that together, and consumer spending will continue to be weak, and the overall economy will only grow 2% a year.


Read more: http://www.businessinsider.com/henry...#ixzz0l5ubK0p4

[Galen Sevinne]

Nobody is celebrating anything except you Galen.

Once again, you ignore the facts like this one:

Facts that you can't deny;

1. The economy is growing. The U.S. economy has gone from shrinking at a 6.4 percent annual rate in the first quarter of 2009 to growing at a rate of 5.9 percent at the end of the year.

2. Bull market. The Dow Jones Industrial Average is now hovering around 11,000, having rebounded 70% off the bottom.

3. Job creation. The unemployment rate remains stubbornly high; however, 162,000 jobs were created in March. That's a long way from losing 800,000 per month at the height of the panic.

4. Productivity. From the fourth quarter of 2008 to the fourth quarter of 2009, productivity rose 5.8 percent


This is a remarkable turnaround of the economy that no one expected. Maybe if had another source of information than Rush you would understand the situation a bit better.

[AirFlacco]

Think Galen, think. YOu say there were over 160,000 jobs created in March but unemployed remained the same
at 9.7% instead of decreasing and OBY said it will be that way the rest of the year.

They were temporary jobs like over 50,000 - to the federal gov't and health care. The financial industry lost 9,000 jobs
and the information industry lost another 8,000 jobs.

Also, this from the Washington Examiner.com:


In total, the U.S. economy has now lost a total of 3.8 million jobs since President Barack Obama signed his $862 billion stimulus plan. We are 8.1 million jobs short of the 138.6 million he promised the American people.

Heritage also points out that it’s increasingly hard to argue the stimulus is creating jobs, as they’ve given up trying to actually quantify the jobs it is allegedly creating:

It is good to see the American economy finally recovering again. It demonstrates the resilience of the American entrepreneur in the face a punishing job killing agenda from Washington. And don’t fall for any White House claims that this belated recovery is due to the stimulus. As the Congressional Budget Office (CBO) admitted last month, its analysis of the stimulus’ job creating record was simply “essentially repeating the same exercise” as the initial projections. In other words, the CBO numbers on the stimulus don’t take any actual new real world data into account.



Read more at the Washington Examiner: http://www.washingtonexaminer.com/op...#ixzz0l879KhKY




Once again, as Jon Boy and others keep saying, you never reference
your stats with links and you can't believe the gov't because they cover
facts.

DOL has already admitted this.

The links I posted have nothing to do with Rush. That's just more bias from
you.

And why didn't you post in Jan and Feb when the DOW went under 10,000 pts? It lost $$ every day of the year for those two months.

Again, it is rising because the gov't is manipulating it and has been doing it before OBY came along. I gave the links to the history of the ppt starting with Reagan and he only meant for it to buy stocks to keep the markets from dropping, not
setting the prices and manipulating it.

Your boys Clinton and Rubin took it to that extreme.

BTW, I criticized REagan above for creating the most monstrous agency since IRS. He promised to streamline the govt. He
spent and he augmented the govt.

[AirFlacco]

And this from front-page story on ABC notes:


Even as many Americans still struggle to recover from the country's worst economic downturn since the Great Depression, another crisis – one that will be even worse than the current one – is looming, according to a new report from a group of leading economists, financiers, and former federal regulators.


In the report, the panel, that includes Rob Johnson of the United Nations Commission of Experts on Finance and bailout watchdog Elizabeth Warren, warns that financial regulatory reform measures proposed by the Obama administration and Congress must be beefed up to prevent banks from continuing to engage in high risk investing that precipitated the near collapse of the U.S. economy in 2008.

The report warns that the country is now immersed in a "doomsday cycle" wherein banks use borrowed money to take massive risks in an attempt to pay big dividends to shareholders and big bonuses to management – and when the risks go wrong, the banks receive taxpayer bailouts from the government.

"Risk-taking at banks," the report cautions, "will soon be larger than ever."

Without more stringent reforms, "another crisis – a bigger crisis that weakens both our financial sector and our larger economy – is more than predictable, it is inevitable," Johnson says in the report, commissioned by the nonpartisan Roosevelt Institute.

The institute's chief economist, Nobel Prize-winner Joseph Stiglitz, calls the report "an important point of departure for a debate on where we are on the road to regulatory reform."

The report blasts some of Washington's key players. Johnson writes, "Our government leaders have shown little capacity to fix the flaws in our market system." Two other panelists, Simon Johnson, a professor at MIT, and Peter Boone of the Centre for Economic Performance, voiced similar criticisms.

Federal Reserve Chairman Ben Bernanke and Treasury Secretary Tim Geithner "oversaw policy as the bubble was inflating," write Johnson and Boone, and "these same men are now designing our 'rescue.'"

The study says that "In 2008-09, we came remarkably close to another Great Depression. Next time we may not be so 'lucky.' The threat of the doomsday cycle remains strong and growing," they say. "What will happen when the next shock hits? We may be nearing the stage where the answer will be – just as it was in the Great Depression – a calamitous global collapse."