Buchanan's saying the market had a "bloodbath"

[colorado thinker]

today and it was all due to this inauguration of Barack Obama. Like the previous wild swings of the market (on a nearly daily basis lately) could not be explained . . . god I'm sick of him.

[Endangered Specie]

1. Ive stopped listening to Adolf Jr. for awhile now...

[spanone]

2. he also said it was the worse day on wall street blah blah blah....i'm so tired of his shrill voice

i think wall street knows there's a new sheriff in town and there will now be regulations and rules. and they will be enforced.

[malaise]

3. He was just repeating the official spin which was

sent to the usual suspects.

[cynatnite]

4. He's just giving me a fucking headache n/t

[Patsy Stone]

5. Their little talking points

are so quaint. They can not hurt you now.

[Ichingcarpenter]

6. I'm listening to Ron Reagan on Air America right now

He's damn happy Obama is Prez. But, Ron has always been a good guy.

[Mike 03]

7. He's an ignorant piece of shit who could not make an intelligent investment decision to save

his life.

[2Design]

8. stupid men can not say smart things n/t

[stillcool]

9. I emailed Hardball..

and asked what Pat's intent was by making such a statement.

[JBoy]

10. What a douchebag.

Like the market didn't know yesterday he would be inaugurated...

[Telly Savalas]

21. The market was totally caught off guard.

We've had thousands of elections at the federal, state, and local level, but among all of these only 43 times in the past has the person elected president actually taken the oath of office and assumed the job. If the market could have anticipating it happening today, its value would have taken this event into account back in November.

[petronius]

11. So the 30% loss of value while Bush was president was just random

market fluctuation, but the mere presence of Obama caused a daily drop (which, while bad, was smaller than many of the daily declines over the past few months)?

I'm really glad we have rw shills to explain economics to us! :rofl:

[Fire Walk With Me]

12. Oh, is he worried about his blood diamond futures???

[OnceUponTimeOnTheNet]

13. Tweety seemed very disappointed with Pats statements.

Pat is a slow learner. It's gonna take awhile.

[aint_no_life_nowhere]

14. That must be it. The economy was so sound before today.

[ThomWV]

15. The man is likely wrong, he ususally is, but something caused the large drop

And an alternative reason would should be nice to hear.

[OnceUponTimeOnTheNet]

16. The reality of our Economy is something that few are willing to approach.

[treestar]

17. OK so he claims that the inauguration of the man the people elected is a bad

thing for the markets?

I suppose the markets jumped for joy when Chimpy was selected.

[The Gunslinger]

18. Pat needs to be reminded that

Tomorrow is Obama's first day in office, and the DOW will begin for him at 7949.09. Anything that happened before that was not on his watch.

[jimlup]

23. Yep!

It was a goodbye to George W. Bush screw head.

[catzies]

19. I disagree. Wall Street freaked out when they heard this in his speech:

The question we ask today is not whether our government is too big or too
small, but whether it works, whether it helps families find jobs at a decent
wage, care they can afford, a retirement that is dignified.
Where the answer is yes, we intend to move forward. Where the answer is no,
programs will end.

And those of us who manage the public's knowledge will be held to account, to
spend wisely, reform bad habits, and do our business in the light of day,
because only then can we restore the vital trust between a people and their
government.

Nor is the question before us whether the market is a force for good or ill. Its
power to generate wealth and expand freedom is unmatched.

But this crisis has reminded us that without a watchful eye, the market can spin
out of control. The nation cannot prosper long when it favors only the
prosperous.

Look it up: the Dow fell of a cliff between noon and 1 PM, close to 12:30:

http://markets.on.nytimes.com/research/markets/usmarkets/snapshot.asp?symbol=US%26DJI

[nc4bo]

20. I caught that too.

:wtf:

Totally off the wall comments coming out of him during that conversation.

[jimlup]

22. Wall Street is going down hard

Regardless of Obama. The shit has hit the fan. Bush left the country on the verge of bankruptcy. Actually, he may have left us worse than bankrupt.

Look on the bright side. Any decline today can be viewed with "the market has risen x points since I took office..." in less than 4 years.

[roamer65]

24. Bu$h dumped this problem on Obama, Patty.

All he did was stall and then dumped it. Typical Rethug tactic.

[The Gunslinger]

25. I wonder if he will give credit to Obama for the gain today.

[colorado thinker]

26. That occurred to me about 4:00 this

afternoon, also. The HORRIBLE STOCK MARKET DROP was lead story in the Rocky Mountain News business section today, as well. We'll see if those print fascists use the same size font to announce the improvement today . . .