Oct. 24: Stock Market Crash

[Steve_A]

Hi ralok_j,

The story from the newspaper which was written in March of this year, said that everybody recognizd the fact that the economy was going to be in trouble as the opposition was trying to put McCain on the same page as Bush.

It's ironic that the public evidence of the downturn occurred a couple of weeks before the elections. The bourse on Wall Street had to be helped to try and hide what everybody knew until after the election. Consequently, after the election, the Dow dropped nearly 10% in two days and the initial 'bailout package' is almost all gone.

We've just seen the unemployment figures come out, Ford is sending home 10% of its' white collar staff..... let the fun begin...

It's important for everyone to remember that this problem was caused a long time ago. You can mark my words. In January when things are worse, the public will think that it's Obamas' fault.

Between you and me, just a question.

Could it be that Obama was set up to be the 'fall guy'? After all, the private sector didn't help in McCains campaign, he used public funds and Obama managed to raise from the public AND big business the largest amount ever for a political campaign.

This could be worth looking out for...

Best regards,

Steve

Originally Posted by ralok_j

Amazing! I listened to the recorded call yesterday and when he mentioned the Plunge I immediately thought about this thread. Let us see what else we can dig up on this. One thing I do find puzzling is this:



http://www.reuters.com/article/ousiv...46284420080315

[ralok_j]

Originally Posted by Steve_A

Hi ralok_j,

The story from the newspaper which was written in March of this year, said that everybody recognizd the fact that the economy was going to be in trouble as the opposition was trying to put McCain on the same page as Bush.

It's ironic that the public evidence of the downturn occurred a couple of weeks before the elections. The bourse on Wall Street had to be helped to try and hide what everybody knew until after the election. Consequently, after the election, the Dow dropped nearly 10% in two days and the initial 'bailout package' is almost all gone.

We've just seen the unemployment figures come out, Ford is sending home 10% of its' white collar staff..... let the fun begin...

It's important for everyone to remember that this problem was caused a long time ago. You can mark my words. In January when things are worse, the public will think that it's Obamas' fault.

Between you and me, just a question.

Could it be that Obama was set up to be the 'fall guy'? After all, the private sector didn't help in McCains campaign, he used public funds and Obama managed to raise from the public AND big business the largest amount ever for a political campaign.

This could be worth looking out for...

Best regards,

Steve

Funny you throw the thought out there about Obama being the fall guy. First, let me state that I did not vote for Obama and was against a few things he was promising in his campaign. Now, with that said:

For a few weeks I believed Obama would win. Yes, he is a passionate speaker. But I also sensed that McCain appeared to given up around mid October. My belief is that McCain realized that the global economy is heading towards failure and it wouldn't matter who is in the White House because that person will be viewed as the cause.

Now, I hope I'm wrong. I seriously hope that Obama makes the right decisions to avoid a failure of our economic system. I actually feel bad for him because he is taking office during one of worst economic cycles.

[ralok_j]

Interesting.

http://www.youtube.com/watch?v=V-qufOWDawU