After the Bailout: Is Obama Depressing the Market?

Interesting article

I think this is an excellent article. It is clear, people today are voting for Obama without even knowing what he stands for. He preaches a good sermon, but non of it makes sense. He appeals to anyone who has had a tough couple of years. We are all going to be taxed to death. I have so many friends and family members who make alot of $$. If Barak is elected, they will decrease and make mo more than $249.50 annually. By the way, if the wealthier individuals are going to be taxed the most, who does Obama think will be financing the grants, financial aid packages and monies for lower income people to go to college, etc...there won't be any philathropist anywhere as all the dollars will go to finance Obama's idea of "spreading the wealth." Thank yu for the article. GO MCCAIN!

Lu Lu of MN @ Oct 15, 2008 17:40:32 PM

Re: Seinfeld Episode.

The author also neglects to mention, that in the episode where George does everything opposite, is when everything actually works out for him.

In his defense, I'd say it's a subtle metaphor regarding innovation and creativity ;D

F of PA @ Oct 14, 2008 16:33:26 PM

some journal entries should stay in the journal

what a thoroughly horrible article. I struggled to find 'journalism' among the musing and the affiliative.

dm of UT @ Oct 14, 2008 11:22:05 AM

Aren't you proud of your column now?

Gee, guess you were wrong...despite that awful Obama, the stock markets shot up like a rocket today. Of course, we all know that it is going to be volatile for a while, so your next theory will be....what exactly??

But so glad you got several very articulate racists doomsdayers to agree with your wrong conclusion. That must make you very proud. Congratulations.

NC redhead of NC @ Oct 14, 2008 00:00:14 AM

If Mccain is in office intead of Obama next year..

..I'm sure we'll all be walking in a flowerbed of prosperity huh? HAHAHAH!! Ok, thats out of my system. Obama is the obvious choice, especially with Biden over the other two. I will hate to see Obama get blamed for the coming events of 2009-10 as he will be inheriting a rotten situation. Heres to Obama for fighting his best for a potential seat of ridicule.

Decapoe of NC @ Oct 13, 2008 18:31:15 PM

What?

What? Did I miss something? Last I checked "the emerging computer tech industry" was and is using free enterprise principles.

Ask your self, how does a company get money to create a tech business? They raise money through private lenders who in return get a piece of the company or a return on their investment. That's pretty much how the stock market and money works. And that, along with supply and demand, is the basis of a free market.

You can't claim it works in one area and then say it doesn't in another. The reason the system did not work in the housing and financial market was because the government stepped in and created rule and regulations that forced lenders to lend to people with bad credit.

Then to ensure that the lenders continued, the government created Fannie Mae and Freddie Mac to absorb all the bad loans no real business wanted. And from there the cards began to tumble.

But had the governement stayed out of it and NOT gone ahead with the bailout, the markets would have killed off the bad businesses, just like the bad dot-com business, the market would adjust and we would come out just fine.

Now, we'll just have to wait for an even stronger correction later. And it will be more painful and longer lasting.

Sean of TN @ Oct 13, 2008 17:31:55 PM

Sorry nobama, you sold out

Obama you sold out once when you voted to fund this immoral war, supported FISA and accepting the verdict of sean bell and not to mention you voted for the evil bailout, you and mclame will never be get my vote in november, thank goodness I Endorsed chuck baldwin over these losers.

George Carlin R.I.P. spoke the truth

This country is finished.

Afi K. James of FL @ Oct 12, 2008 15:33:53 PM

To "Fatesider" Groovey Tag ,Kinda like "Freedom Rider" By Steve Winwood/Traffic .Wow ,Hey can i have a hit of that joint?

of @ Oct 11, 2008 18:02:30 PM