Obama fails to get Nobel Prize in Economics
 

From Market Watch:

http://www.marke****ch.com/story/oba...ics-2009-10-12

LONDON (Marke****ch) -- In a decision as shocking as Friday's surprise peace
prize win, President Obama failed to win the Nobel Memorial Prize in
Economic Sciences Monday.

While few observers think Obama has done anything for world peace in the
nearly nine months he's been in office, the same clearly can't be said for
economics.

The president has worked tirelessly since even before his inauguration to
wrest control of the U.S. economy from failed free markets, and the evil
CEOs who profit from them, and to turn it over to wise, fair and benevolent
bureaucrats.

From his $787 billion stimulus package, to the cap-and-trade bill, to the
seizures of General Motors and Chrysler, to the undead health-care "reform"
act, Obama has dominated the U.S., and therefore the global, economy as few
figures have in recent years.
Yet the Nobel panel chose instead to award the prize to two obscure
academics -- Elinor Ostrom and Oliver Williamson -- one noted for her work
on managing collective resources, and the other for his work on transaction
costs. See full story on the Nobel winners.

Other surprise losers include celebrity noneconomist and filmmaker Michael
Moore; U.S. Treasury Secretary Timothy Geithner; and Larry Summers, head of
the U.S. national economic council.

It is unclear whether the president will now refuse his peace prize in
protest against the obvious slight to his real achievements this year.

-- Tom Bemis, assistant managing editor

Obama fails to get Nobel Prize in Economics
 

Lu Powell wrote:
From Market Watch:

http://www.marke****ch.com/story/oba...ics-2009-10-12


LONDON (Marke****ch) -- In a decision as shocking as Friday's surprise
peace prize win, President Obama failed to win the Nobel Memorial Prize
in Economic Sciences Monday.

While few observers think Obama has done anything for world peace in the
nearly nine months he's been in office, the same clearly can't be said
for economics.

The president has worked tirelessly since even before his inauguration
to wrest control of the U.S. economy from failed free markets, and the
evil CEOs who profit from them, and to turn it over to wise, fair and
benevolent bureaucrats.

From his $787 billion stimulus package, to the cap-and-trade bill, to
the seizures of General Motors and Chrysler, to the undead health-care
"reform" act, Obama has dominated the U.S., and therefore the global,
economy as few figures have in recent years.
Yet the Nobel panel chose instead to award the prize to two obscure
academics -- Elinor Ostrom and Oliver Williamson -- one noted for her
work on managing collective resources, and the other for his work on
transaction costs. See full story on the Nobel winners.

Other surprise losers include celebrity noneconomist and filmmaker
Michael Moore; U.S. Treasury Secretary Timothy Geithner; and Larry
Summers, head of the U.S. national economic council.

It is unclear whether the president will now refuse his peace prize in
protest against the obvious slight to his real achievements this year.

-- Tom Bemis, assistant managing editor

His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?

Obama fails to get Nobel Prize in Economics
 

On Oct 12, 10:08*am, "Lu Powell" wrote:
From Market Watch:

http://www.marke****ch.com/story/oba...el-prize-in-ec...

LONDON (Marke****ch) -- In a decision as shocking as Friday's surprise peace
prize win, President Obama failed to win the Nobel Memorial Prize in
Economic Sciences Monday.

While few observers think Obama has done anything for world peace in the
nearly nine months he's been in office, the same clearly can't be said for
economics.

The president has worked tirelessly since even before his inauguration to
wrest control of the U.S. economy from failed free markets, and the evil
CEOs who profit from them, and to turn it over to wise, fair and benevolent
bureaucrats.

now let's see...the bureaucrats did nothing to my 401K last year

the free market folks cost me 35% in 1 year.

objective evidence says go with the bureaucrats


Obama has dominated the U.S., and therefore the global, economy as few
figures have in recent years.

as i said, the free market folks killed me. and the depression started
in december of 2007

george bush was president. the right wing thinks obama's been
president for 8 years.

and yet they think they're experts on economics...

ah, right wing fairy tales...so sweet

so wrong

Obama fails to get Nobel Prize in Economics
 

On Oct 12, 10:55*am, Canuck57 wrote:


His achievement was $1.3 trillion debt-corruption-spend in only 8
months. *Guinness Book of records material perhaps?-

what's really a record is how quickly george bush and his rich free
market friends stole my 401K

Obama fails to get Nobel Prize in Economics
 

On 10/12/09 11:24 AM, wf3h wrote:
On Oct 12, 10:08 am, "Lu wrote:
From Market Watch:

http://www.marke****ch.com/story/oba...el-prize-in-ec...

LONDON (Marke****ch) -- In a decision as shocking as Friday's surprise peace
prize win, President Obama failed to win the Nobel Memorial Prize in
Economic Sciences Monday.

While few observers think Obama has done anything for world peace in the
nearly nine months he's been in office, the same clearly can't be said for
economics.

The president has worked tirelessly since even before his inauguration to
wrest control of the U.S. economy from failed free markets, and the evil
CEOs who profit from them, and to turn it over to wise, fair and benevolent
bureaucrats.

now let's see...the bureaucrats did nothing to my 401K last year

the free market folks cost me 35% in 1 year.

objective evidence says go with the bureaucrats


Obama has dominated the U.S., and therefore the global, economy as few
figures have in recent years.

as i said, the free market folks killed me. and the depression started
in december of 2007

george bush was president. the right wing thinks obama's been
president for 8 years.

and yet they think they're experts on economics...

ah, right wing fairy tales...so sweet

so wrong


At this point, there's little question that "the government" is far more
honest and accountable than the "free market" corporations.

I wonder if Lu realizes his pension check, which shows up every month in
his bank account, gets there because government bureaucrats make it happen.


--
Birther-Deather-Tenther-Teabagger:
Idiots All

Obama fails to get Nobel Prize in Economics
 

wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:

His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-

what's really a record is how quickly george bush and his rich free
market friends stole my 401K

So sorry for your loss. Too bad you don't have at least some control of
your 401. You might look at fixing that instead of blaming the boogyman.

Obama fails to get Nobel Prize in Economics
 

On Oct 12, 11:40*am, Jim wrote:
wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:

His achievement was $1.3 trillion debt-corruption-spend in only 8
months. *Guinness Book of records material perhaps?-

what's really a record is how quickly george bush and his rich free
market friends stole my 401K

So sorry for your loss. Too bad you don't have at least some control of
your 401. You might look at fixing that instead of blaming the boogyman.

i did have control. i did what the right wing said to do: trust the
rich.

my corrective action is not to trust the rich anymore...you're too
stupid to learn that

Obama fails to get Nobel Prize in Economics
 

wf3h wrote:
On Oct 12, 11:40 am, Jim wrote:
wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:
His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-
what's really a record is how quickly george bush and his rich free
market friends stole my 401K
So sorry for your loss. Too bad you don't have at least some control of
your 401. You might look at fixing that instead of blaming the boogyman.

i did have control. i did what the right wing said to do: trust the
rich.

my corrective action is not to trust the rich anymore...you're too
stupid to learn that
Excuse me. Who lost nearly half of his portfolio? Not me.

Obama fails to get Nobel Prize in Economics
 

wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:

His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-

what's really a record is how quickly george bush and his rich free
market friends stole my 401K

Look at the obvious, as soon as it looked like the Mesiah BO was going
to get elected the market tanked. The bubble burst as it knew the
economy couldn't take more liberal debt spending yet that is what was a
happening.

But you are a true liberal, lots of excuses.

Obama fails to get Nobel Prize in Economics
 

Jim wrote:
wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:

His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-

what's really a record is how quickly george bush and his rich free
market friends stole my 401K

So sorry for your loss. Too bad you don't have at least some control of
your 401. You might look at fixing that instead of blaming the boogyman.

He should fix it. My funds have recovered nicely.

Obama fails to get Nobel Prize in Economics
 

On Mon, 12 Oct 2009 11:40:01 -0400, Jim wrote:

wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:

His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-

what's really a record is how quickly george bush and his rich free
market friends stole my 401K

So sorry for your loss. Too bad you don't have at least some control of
your 401. You might look at fixing that instead of blaming the boogyman.

He has blamed everyone *but* the person responsible for his terrible
loss - himself.

Obama fails to get Nobel Prize in Economics
 

On Mon, 12 Oct 2009 10:06:43 -0600, Canuck57 wrote:


Look at the obvious, as soon as it looked like the Mesiah BO was going
to get elected the market tanked. The bubble burst as it knew the
economy couldn't take more liberal debt spending yet that is what was a
happening.

But you are a true liberal, lots of excuses.

Do you make this up as you go along? I won't blame Bush for this
economy. It is, after all, a free market. The facts are, however, the
Dow reached it's all time high, in October, *2007*. By July, 2008, it
was off that high by 20%, and heading down, not bottomed, but already
tanked. The National Conventions hadn't occurred yet, and, McCain and
Obama, were running even in the polls in August.

I may be a liberal, but you don't let facts get in the way, do you?

Obama fails to get Nobel Prize in Economics
 

"wf3h" wrote in message
...
On Oct 12, 10:55 am, Canuck57 wrote:


His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-

what's really a record is how quickly george bush and his rich free
market friends stole my 401K

And Obama gave a trillion bucks to the same rich people. Enough so that
bankrupt AIG could give million in bonus bucks. Enough that Bankrupt
GoldmanSaks could give out 6.5 billion bucks. Yup, Obama is taking care of
the idiots oops make that non rich people.

Obama fails to get Nobel Prize in Economics
 

wf3h wrote:
On Oct 12, 11:40 am, Jim wrote:
wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:
His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-
what's really a record is how quickly george bush and his rich free
market friends stole my 401K
So sorry for your loss. Too bad you don't have at least some control of
your 401. You might look at fixing that instead of blaming the boogyman.

i did have control. i did what the right wing said to do: trust the
rich.

my corrective action is not to trust the rich anymore...you're too
stupid to learn that

Instead of envy, distrust and hate of the rich, learn to think like
them. They have people paid big bucks to keep them out of financial
trouble, certainly more than you or I can afford.

When government said nothing to worry about re-debt markets in 2007 and
again in 2008, this was your/our first red flag.

The second one was interest rates versus deposit yeild rates inverting.
A huge red flag as it has been a reliable indicator of recession for
over 100 years.

You can sit on your arse and bitch about the rich, but there are good
reasons why they have money and you do not. And the reason is simple,
they do their research and humbly and rationally know the markets on how
they really operate. They don't get sucked into BO feel good talk, it
is about rationale and the numbers. Nothing else.

Obama fails to get Nobel Prize in Economics
 

On Oct 12, 12:23*pm, John H wrote:
On Mon, 12 Oct 2009 11:40:01 -0400, Jim wrote:
wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:

His achievement was $1.3 trillion debt-corruption-spend in only 8
months. *Guinness Book of records material perhaps?-

what's really a record is how quickly george bush and his rich free
market friends stole my 401K

So sorry for your loss. Too bad you don't have at least some control of
your 401. You might look at fixing that instead of blaming the boogyman.

He has blamed everyone *but* the person responsible for his terrible
loss - himself.

really? i caused the collapse of the economy?

well let's tally up shall we?

the right wing believes i personally am responsible for the collapse
of the economy

it also believes obama's been president for the last 8 years

and on that basis it thinks it has everything figured out..

no wonder they got their asses handed to them in the last election

Obama fails to get Nobel Prize in Economics
 

wf3h wrote:

objective evidence says go with the bureaucrats

And have nothing?

LMAO.

Obama fails to get Nobel Prize in Economics
 

H the K wrote:

At this point, there's little question that "the government" is far more
honest and accountable than the "free market" corporations.

Hahaha... you really do have your head between your knees.

Government could never operate on the same priciples as Sarbanes-Oxley
or SEC, in fact can you download a finacial statement and balance sheet
for the US government? Hell no. They don't know themselves.

I wonder if Lu realizes his pension check, which shows up every month in
his bank account, gets there because government bureaucrats make it happen.

No, the taxpayer makes it happen. Government does sh1t to make it
happen, they just skim it as it passes through.

Obama fails to get Nobel Prize in Economics
 

On 10/12/09 12:36 PM, wf3h wrote:
On Oct 12, 12:23 pm, John wrote:
On Mon, 12 Oct 2009 11:40:01 -0400, wrote:
wf3h wrote:
On Oct 12, 10:55 am, wrote:

His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-

what's really a record is how quickly george bush and his rich free
market friends stole my 401K

So sorry for your loss. Too bad you don't have at least some control of
your 401. You might look at fixing that instead of blaming the boogyman.

He has blamed everyone *but* the person responsible for his terrible
loss - himself.

really? i caused the collapse of the economy?

well let's tally up shall we?

the right wing believes i personally am responsible for the collapse
of the economy

it also believes obama's been president for the last 8 years

and on that basis it thinks it has everything figured out..

no wonder they got their asses handed to them in the last election


Herring helped the U.S. lose the war in vietnam.


--
Birther-Deather-Tenther-Teabagger:
Idiots All

Obama fails to get Nobel Prize in Economics
 

wf3h wrote:
On Oct 12, 12:23 pm, John H wrote:
On Mon, 12 Oct 2009 11:40:01 -0400, Jim wrote:
wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:
His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-
what's really a record is how quickly george bush and his rich free
market friends stole my 401K
So sorry for your loss. Too bad you don't have at least some control of
your 401. You might look at fixing that instead of blaming the boogyman.
He has blamed everyone *but* the person responsible for his terrible
loss - himself.

really? i caused the collapse of the economy?

well let's tally up shall we?

the right wing believes i personally am responsible for the collapse
of the economy

it also believes obama's been president for the last 8 years

and on that basis it thinks it has everything figured out..

no wonder they got their asses handed to them in the last election

Wrong on all points.
And unless you change your thinking, you will continue to be a loser.

Obama fails to get Nobel Prize in Economics
 

On 10/12/09 12:41 PM, Canuck57 wrote:
H the K wrote:

At this point, there's little question that "the government" is far
more honest and accountable than the "free market" corporations.

Hahaha... you really do have your head between your knees.

Government could never operate on the same priciples as Sarbanes-Oxley
or SEC, in fact can you download a finacial statement and balance sheet
for the US government? Hell no. They don't know themselves.

I wonder if Lu realizes his pension check, which shows up every month
in his bank account, gets there because government bureaucrats make it
happen.

No, the taxpayer makes it happen. Government does sh1t to make it
happen, they just skim it as it passes through.


This is funny: Canukistan thinks big corporations act honestly.

--
Birther-Deather-Tenther-Teabagger:
Idiots All

Obama fails to get Nobel Prize in Economics
 

wf3h wrote:
On Oct 12, 12:23 pm, John H wrote:
On Mon, 12 Oct 2009 11:40:01 -0400, Jim wrote:
wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:
His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-
what's really a record is how quickly george bush and his rich free
market friends stole my 401K
So sorry for your loss. Too bad you don't have at least some control of
your 401. You might look at fixing that instead of blaming the boogyman.
He has blamed everyone *but* the person responsible for his terrible
loss - himself.

really? i caused the collapse of the economy?

Indirctly, yes, as a collective society we did by voting for irrational
leadership. Politicial types we worship often toss sustainability out
with the garbage when temptation and payolla are greasing the wheels.

Congress handling of monitary policy is not sustainable yet they keep on
doing it. So don't watch their lips, watch their actions.

well let's tally up shall we?

the right wing believes i personally am responsible for the collapse
of the economy

Not personally, but collectively yes. People vote for big talk, jive
turkeys (white, black or other) and feel good statements. They don't
vote with rationality, sustainability or integrity in mind.

Americans don't want to hear that the government is grossly and
liberally overspending to a point that it can't work. They don't want
to hear that interest rates are 10% too low and should be allowed to
float to market and not governemnt rates. They don't want to hear that
until we straighten out this mess, employment will be lousy and the risk
of economic collapse is pending.

Nope, easier to say Heil Obama or the Mesiah Obama will make my car
payments.

Same symptoms as a defunct about to go bankrupt insatiable debtor has.


it also believes obama's been president for the last 8 years

By your logic, I could blame Obama mama's $1.3 debt spend on Abraham
Lincoln. No one put a gun to Obama's head to debt-corruption-spend. He
could have ended the recession like Reagan did, take less and reap the
rewards through more economic activity.

Show me a politician that recognizes the elasticity of taxation much
less knows what it means. All government knows is that it wants to be
bigger, obease and control more of your life.

Health care, it isn't about helping people. Government wants to skim
part of the action, just like they do in Canada and the UK. $1 for
health care becomes 33 cents of health care, 33 cents of burocracy bloat
and 34% pork spending.

Take Ottawa Canada, it costs more than 25% of total revenue to run
government, to doll out 7% of total income for health care. And
Canadians pay a lot of taxes.

Obama fails to get Nobel Prize in Economics
 

On Oct 12, 12:35*pm, Canuck57 wrote:
wf3h wrote:


my corrective action is not to trust the rich anymore...you're too
stupid to learn that

Instead of envy, distrust and hate of the rich, learn to think like
them. *They have people paid big bucks to keep them out of financial
trouble, certainly more than you or I can afford.

how does one think like a thief who bribes politicians when one has no
money to bribe politicians?


When government said nothing to worry about re-debt markets in 2007 and
again in 2008, this was your/our first red flag.

me and ever nobel prize winning economist on the planet.

You can sit on your arse and bitch about the rich, but there are good
reasons why they have money and you do not.

yeah. they inherit it and bribe politicians to game the system so we
have NO choice BUT to invest with them.

so the REAL answer is to change the system instead of doing like YOU
recommend which is to pat them on the back for being such good thieves

*And the reason is simple,
they do their research and humbly and rationally know the markets on how
they really operate.

bull****. pure bull****. if they did so, they wouldnt have to come to
me and ask me to bail them out after they stole my money

what the hell do you smoke?

Obama fails to get Nobel Prize in Economics
 

H the K wrote:
On 10/12/09 12:41 PM, Canuck57 wrote:
H the K wrote:

At this point, there's little question that "the government" is far
more honest and accountable than the "free market" corporations.

Hahaha... you really do have your head between your knees.

Government could never operate on the same priciples as Sarbanes-Oxley
or SEC, in fact can you download a finacial statement and balance sheet
for the US government? Hell no. They don't know themselves.

I wonder if Lu realizes his pension check, which shows up every month
in his bank account, gets there because government bureaucrats make it
happen.

No, the taxpayer makes it happen. Government does sh1t to make it
happen, they just skim it as it passes through.


This is funny: Canukistan thinks big corporations act honestly.

Actually, I don't trust either. But I trust government even less. See,
I can, except for GM and banks, sell my stock and not have anything to
do with a corporation. I can't get away from government greed.

I know I sound cynical on government, but for years I could not make
sense of a lot of things in the market and governments behavior. When I
started to think of the government as a herd manager to manage people
for the back room boys pulling the strings at the top, lots of things
became quite predictable.

And I have profited by the new attitude towards looking at government.
Now, when I invest I consider government interferances just as much as
their balance sheet.

Obama fails to get Nobel Prize in Economics
 

On Oct 12, 12:59*pm, Jim wrote:
wf3h wrote:


no wonder they got their asses handed to them in the last election

Wrong on all points.
And unless you change your thinking, you will continue to be a loser.-

hey jim

who's president? if i'm a 'loser'

then why did the GOP just get wiped out in the last election?

not too swift, are you?

Obama fails to get Nobel Prize in Economics
 

On Mon, 12 Oct 2009 09:36:14 -0700 (PDT), wf3h
wrote:

On Oct 12, 12:23*pm, John H wrote:
On Mon, 12 Oct 2009 11:40:01 -0400, Jim wrote:
wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:

His achievement was $1.3 trillion debt-corruption-spend in only 8
months. *Guinness Book of records material perhaps?-

what's really a record is how quickly george bush and his rich free
market friends stole my 401K

So sorry for your loss. Too bad you don't have at least some control of
your 401. You might look at fixing that instead of blaming the boogyman.

He has blamed everyone *but* the person responsible for his terrible
loss - himself.

really? i caused the collapse of the economy?

well let's tally up shall we?

the right wing believes i personally am responsible for the collapse
of the economy

it also believes obama's been president for the last 8 years

and on that basis it thinks it has everything figured out..

no wonder they got their asses handed to them in the last election

You're not paying attention.

You didn't cause the collapse of the economy. *YOU* caused the
collapse of *YOUR* 401K.

You need to accept responsibility (and I know it's difficult for a
liberal) for *your* actions (or inaction), cry a river, build a
bridge, and get over it.

Obama fails to get Nobel Prize in Economics
 

Jim wrote:
wf3h wrote:
On Oct 12, 11:40 am, Jim wrote:
wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:
His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-
what's really a record is how quickly george bush and his rich free
market friends stole my 401K
So sorry for your loss. Too bad you don't have at least some control of
your 401. You might look at fixing that instead of blaming the boogyman.

i did have control. i did what the right wing said to do: trust the
rich.

my corrective action is not to trust the rich anymore...you're too
stupid to learn that
Excuse me. Who lost nearly half of his portfolio? Not me.

1/3 here. I wasn't quick enough to move it.

In hindsight, when Bush made that speech a year ago, where he
said,"Because of my incredibly bad leadership, you are all ****ed," I
should have moved it right then.

I remember being amazed at that speech. I've never heard a president
panic the stock market as bad as that. I should have known what the
effects would be.

We were all taught the best tactic was to make your choices based on the
long term, don't move it around very often.

Following that advise makes it my fault I lost.

All the bitching about Obama's economy makes me wonder if anyone was
paying attention to the last 8 years.

Obama fails to get Nobel Prize in Economics
 

"Jim" wrote in message
...
Jim wrote:
wf3h wrote:
On Oct 12, 11:40 am, Jim wrote:
wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:
His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-
what's really a record is how quickly george bush and his rich free
market friends stole my 401K
So sorry for your loss. Too bad you don't have at least some control of
your 401. You might look at fixing that instead of blaming the
boogyman.

i did have control. i did what the right wing said to do: trust the
rich.

my corrective action is not to trust the rich anymore...you're too
stupid to learn that
Excuse me. Who lost nearly half of his portfolio? Not me.

1/3 here. I wasn't quick enough to move it.

In hindsight, when Bush made that speech a year ago, where he
said,"Because of my incredibly bad leadership, you are all ****ed," I
should have moved it right then.

I remember being amazed at that speech. I've never heard a president
panic the stock market as bad as that. I should have known what the
effects would be.

We were all taught the best tactic was to make your choices based on the
long term, don't move it around very often.

Following that advise makes it my fault I lost.

All the bitching about Obama's economy makes me wonder if anyone was
paying attention to the last 8 years.


My portfolio went down about 30%, but I didn't panic and basically stopped
looking. I finally checked last month, and I was about $200K. I believe in
dollar cost averaging, so I figured I'd be ok. I've been using that strategy
since I started earning money.

--
Nom=de=Plume

Obama fails to get Nobel Prize in Economics
 

wf3h wrote:
On Oct 12, 12:59 pm, Jim wrote:
wf3h wrote:

no wonder they got their asses handed to them in the last election
Wrong on all points.
And unless you change your thinking, you will continue to be a loser.-

hey jim

who's president? if i'm a 'loser'

then why did the GOP just get wiped out in the last election?

not too swift, are you?

Last time I checked, O'Bama was president. Didn't you know that?

Are you taking credit for McCain losing the election? Sure sounds like it.

Someone, who writes like you do, can't possibly know if someone else is
"swift".

Obama fails to get Nobel Prize in Economics
 

nom=de=plume wrote:
"Jim" wrote in message
...
Jim wrote:
wf3h wrote:
On Oct 12, 11:40 am, Jim wrote:
wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:
His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-
what's really a record is how quickly george bush and his rich free
market friends stole my 401K
So sorry for your loss. Too bad you don't have at least some control of
your 401. You might look at fixing that instead of blaming the
boogyman.
i did have control. i did what the right wing said to do: trust the
rich.

my corrective action is not to trust the rich anymore...you're too
stupid to learn that
Excuse me. Who lost nearly half of his portfolio? Not me.
1/3 here. I wasn't quick enough to move it.

In hindsight, when Bush made that speech a year ago, where he
said,"Because of my incredibly bad leadership, you are all ****ed," I
should have moved it right then.

I remember being amazed at that speech. I've never heard a president
panic the stock market as bad as that. I should have known what the
effects would be.

We were all taught the best tactic was to make your choices based on the
long term, don't move it around very often.

Following that advise makes it my fault I lost.

All the bitching about Obama's economy makes me wonder if anyone was
paying attention to the last 8 years.


My portfolio went down about 30%, but I didn't panic and basically stopped
looking. I finally checked last month, and I was about $200K. I believe in
dollar cost averaging, so I figured I'd be ok. I've been using that strategy
since I started earning money.


I'll second everything you said.

I now know that I should actively manage my 401, daily. Long term, yes,
but watching for a president that panics people is more important. A
financial planner I saw told me I should invest according to my risk
tolerance. Duh.

I keep moving my risk from about 6% to 30% and then back again. I'd
like to risk more, but am unsure, now, exactly how to do this managing.
It was all so much easier until a year ago when we all were hit in the
face with the realities of what can happen.

Thankfully I took personal finance in college and learned some things.
I feel badly for those who didn't attend college or didn't learn from
personal finance courses.

Those are the guys deeply in debt and can't figure out what to do about it.

Obama fails to get Nobel Prize in Economics
 

Jim wrote:
nom=de=plume wrote:
"Jim" wrote in message
...
Jim wrote:
wf3h wrote:
On Oct 12, 11:40 am, Jim wrote:
wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:
His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-
what's really a record is how quickly george bush and his rich free
market friends stole my 401K
So sorry for your loss. Too bad you don't have at least some
control of
your 401. You might look at fixing that instead of blaming the
boogyman.
i did have control. i did what the right wing said to do: trust the
rich.

my corrective action is not to trust the rich anymore...you're too
stupid to learn that
Excuse me. Who lost nearly half of his portfolio? Not me.
1/3 here. I wasn't quick enough to move it.

In hindsight, when Bush made that speech a year ago, where he
said,"Because of my incredibly bad leadership, you are all ****ed," I
should have moved it right then.

I remember being amazed at that speech. I've never heard a president
panic the stock market as bad as that. I should have known what the
effects would be.

We were all taught the best tactic was to make your choices based on
the long term, don't move it around very often.

Following that advise makes it my fault I lost.

All the bitching about Obama's economy makes me wonder if anyone was
paying attention to the last 8 years.


My portfolio went down about 30%, but I didn't panic and basically
stopped looking. I finally checked last month, and I was about $200K.
I believe in dollar cost averaging, so I figured I'd be ok. I've been
using that strategy since I started earning money.


I'll second everything you said.

I now know that I should actively manage my 401, daily. Long term, yes,
but watching for a president that panics people is more important. A
financial planner I saw told me I should invest according to my risk
tolerance. Duh.

I keep moving my risk from about 6% to 30% and then back again. I'd
like to risk more, but am unsure, now, exactly how to do this managing.
It was all so much easier until a year ago when we all were hit in the
face with the realities of what can happen.

Thankfully I took personal finance in college and learned some things. I
feel badly for those who didn't attend college or didn't learn from
personal finance courses.

Those are the guys deeply in debt and can't figure out what to do about it.

The more you want to make the more you have to risk. At this point in my
life I'm in preservation mode and this market didn't hurt me too badly.
Younger folks that took heavy losses will eventually recover if they
don't get greedy and try to get their money back too quickly.

Obama fails to get Nobel Prize in Economics
 

On Oct 12, 12:32*pm, "CalifBill" wrote:
"wf3h" wrote in message

...
On Oct 12, 10:55 am, Canuck57 wrote:



His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-

what's really a record is how quickly george bush and his rich free
market friends stole my 401K

And Obama gave a trillion bucks to the same rich people.

they left him no choice. they trashed the banking system then told the
middle class they'd lend no money unless we paid for their mistakes

*Enough so that
bankrupt AIG could give million in bonus bucks. *Enough that Bankrupt
GoldmanSaks could give out 6.5 billion bucks. *Yup, Obama is taking care of
the idiots oops make that non rich people.

idiots like george bush

Obama fails to get Nobel Prize in Economics
 

On Oct 12, 3:05*pm, Jim wrote:
wf3h wrote:
On Oct 12, 12:59 pm, Jim wrote:
wf3h wrote:

no wonder they got their asses handed to them in the last election
Wrong on all points.
And unless you change your thinking, you will continue to be a loser.-

hey jim

who's president? if i'm a 'loser'

then why did the GOP just get wiped out in the last election?

not too swift, are you?

Last time I checked, O'Bama was president. Didn't you know that?

ah. so you finally caught up? doesn't do much to call someone a loser
if their party's in the whitehouse, does it?


Are you taking credit for McCain losing the election?

me and the rest of america who got fed up with right wing lies

Obama fails to get Nobel Prize in Economics
 

wf3h wrote:
On Oct 12, 12:35 pm, Canuck57 wrote:
wf3h wrote:


my corrective action is not to trust the rich anymore...you're too
stupid to learn that
Instead of envy, distrust and hate of the rich, learn to think like
them. They have people paid big bucks to keep them out of financial
trouble, certainly more than you or I can afford.

how does one think like a thief who bribes politicians when one has no
money to bribe politicians?

Don't mistake real capitalist-conservatives with corrupted types. Big
difference. You can be a leftist-socialist and corrupt, in fact that is
where the worst of it is.

Because the left promises a lot, delivers little but to the coffers of
the government.

Corruption from any sector, be it business or government robs from us all.

When government said nothing to worry about re-debt markets in 2007 and
again in 2008, this was your/our first red flag.

me and ever nobel prize winning economist on the planet.
You can sit on your arse and bitch about the rich, but there are good
reasons why they have money and you do not.

yeah. they inherit it and bribe politicians to game the system so we
have NO choice BUT to invest with them.

I don't bribe politicians, but anticipating the non-causal relationship
between the CEO's of GM, Chrysler, Ceberus, Carlyle etc. sure rewarded
me, I bough Ford at $2.50 or less and sold out at $6.50 or more. Nice
ROI in betting on GMs futures would unfold the way they did. Because I
understood the government would bailout GM for it's politicial
connections are strong. Which left Ford in a better position.

I subscribe to the saying that investing is like chess. A game of
strategy, logic and emotions best checked into the toilet. Which
included liberal media BS.

Of course we have to invest! If you let $100 sit in a bank account then
you loose money. Money, cash, it's a deprediating asset. It's value is
in liquidity to trade, nothing more.


so the REAL answer is to change the system instead of doing like YOU
recommend which is to pat them on the back for being such good thieves

Pat who? I never suggested patting anyone. If it were myself as
president back in Feb/Mar in talking with GM's Wagoner, I would say to
Wagoner "I think you should declare bankruptcy now as if you go on with
this rouse the SEC will pay you an Enron like visit."

But I was banking on Wagoner from Harvard having pull and he wanted his
$20M retirement. See, if GM went down, Ford would have supply problems.
But if GM took the PR hit on bankruptcy, and made solvent, Ford would
do well.

And the reason is simple,
they do their research and humbly and rationally know the markets on how
they really operate.

bull****. pure bull****. if they did so, they wouldnt have to come to
me and ask me to bail them out after they stole my money

Only the corrupt ones are. And your politicians are too corrupt
themselves to do the right thing.

what the hell do you smoke?

Nothing. Don't even drink, ok, one beer in the last year.

Obama fails to get Nobel Prize in Economics
 

On Mon, 12 Oct 2009 11:25:04 -0700 (PDT), wf3h
wrote:

On Oct 12, 12:35*pm, Canuck57 wrote:
wf3h wrote:


my corrective action is not to trust the rich anymore...you're too
stupid to learn that

Instead of envy, distrust and hate of the rich, learn to think like
them. *They have people paid big bucks to keep them out of financial
trouble, certainly more than you or I can afford.

how does one think like a thief who bribes politicians when one has no
money to bribe politicians?


When government said nothing to worry about re-debt markets in 2007 and
again in 2008, this was your/our first red flag.

me and ever nobel prize winning economist on the planet.

You can sit on your arse and bitch about the rich, but there are good
reasons why they have money and you do not.

yeah. they inherit it and bribe politicians to game the system so we
have NO choice BUT to invest with them.

so the REAL answer is to change the system instead of doing like YOU
recommend which is to pat them on the back for being such good thieves

*And the reason is simple,
they do their research and humbly and rationally know the markets on how
they really operate.

bull****. pure bull****. if they did so, they wouldnt have to come to
me and ask me to bail them out after they stole my money

They didn't come to you. 'Bama came to you. And, like a dummy, you
said OK.

Obama fails to get Nobel Prize in Economics
 

thunder wrote:
On Mon, 12 Oct 2009 10:06:43 -0600, Canuck57 wrote:


Look at the obvious, as soon as it looked like the Mesiah BO was going
to get elected the market tanked. The bubble burst as it knew the
economy couldn't take more liberal debt spending yet that is what was a
happening.

But you are a true liberal, lots of excuses.

Do you make this up as you go along? I won't blame Bush for this
economy. It is, after all, a free market. The facts are, however, the
Dow reached it's all time high, in October, *2007*. By July, 2008, it
was off that high by 20%, and heading down, not bottomed, but already
tanked. The National Conventions hadn't occurred yet, and, McCain and
Obama, were running even in the polls in August.

I may be a liberal, but you don't let facts get in the way, do you?

Who knows, maybe I am wrong. But none the less, the smell of more
liberal democrats scared me to liquifing to about 70%+ cash, something I
haven't done since 1991. And since I seem to make/preserve money doing
it, be the analysis right or worng I plan on sticking with it. Left me
in a very good position.

Obama fails to get Nobel Prize in Economics
 

On Oct 12, 3:58*pm, John H wrote:
On Mon, 12 Oct 2009 11:25:04 -0700 (PDT), wf3h
wrote:





On Oct 12, 12:35*pm, Canuck57 wrote:
wf3h wrote:

my corrective action is not to trust the rich anymore...you're too
stupid to learn that

Instead of envy, distrust and hate of the rich, learn to think like
them. *They have people paid big bucks to keep them out of financial
trouble, certainly more than you or I can afford.

how does one think like a thief who bribes politicians when one has no
money to bribe politicians?

When government said nothing to worry about re-debt markets in 2007 and
again in 2008, this was your/our first red flag.

me and ever nobel prize winning economist on the planet.

You can sit on your arse and bitch about the rich, but there are good
reasons why they have money and you do not.

yeah. they inherit it and bribe politicians to game the system so we
have NO choice BUT to invest with them.

so the REAL answer is to change the system instead of doing like YOU
recommend which is to pat them on the back for being such good thieves

*And the reason is simple,
they do their research and humbly and rationally know the markets on how
they really operate.

bull****. pure bull****. if they did so, they wouldnt have to come to
me and ask me to bail them out after they stole my money

They didn't come to you. 'Bama came to you. And, like a dummy, you
said OK.-

guess you forgot bush was president the last 8 years.

i'll just keep repeating this since it's obvious you have alzheimer's

Obama fails to get Nobel Prize in Economics
 

On Oct 12, 12:41*pm, Canuck57 wrote:
H the K wrote:
At this point, there's little question that "the government" is far more
honest and accountable than the "free market" corporations.

Hahaha... you really do have your head between your knees.

Government could never operate on the same priciples as Sarbanes-Oxley
or SEC, in fact can you download a finacial statement and balance sheet
for the US government? *Hell no. *They don't know themselves.

why not try downloading one say, from bernie madoff?

try telling us how honest that one was?

ever take an accounting course?

Obama fails to get Nobel Prize in Economics
 

Jim wrote:
Jim wrote:
nom=de=plume wrote:
"Jim" wrote in message
...
Jim wrote:
wf3h wrote:
On Oct 12, 11:40 am, Jim wrote:
wf3h wrote:
On Oct 12, 10:55 am, Canuck57 wrote:
His achievement was $1.3 trillion debt-corruption-spend in only 8
months. Guinness Book of records material perhaps?-
what's really a record is how quickly george bush and his rich free
market friends stole my 401K
So sorry for your loss. Too bad you don't have at least some
control of
your 401. You might look at fixing that instead of blaming the
boogyman.
i did have control. i did what the right wing said to do: trust the
rich.

my corrective action is not to trust the rich anymore...you're too
stupid to learn that
Excuse me. Who lost nearly half of his portfolio? Not me.
1/3 here. I wasn't quick enough to move it.

In hindsight, when Bush made that speech a year ago, where he
said,"Because of my incredibly bad leadership, you are all ****ed,"
I should have moved it right then.

I remember being amazed at that speech. I've never heard a
president panic the stock market as bad as that. I should have
known what the effects would be.

We were all taught the best tactic was to make your choices based on
the long term, don't move it around very often.

Following that advise makes it my fault I lost.

All the bitching about Obama's economy makes me wonder if anyone was
paying attention to the last 8 years.


My portfolio went down about 30%, but I didn't panic and basically
stopped looking. I finally checked last month, and I was about $200K.
I believe in dollar cost averaging, so I figured I'd be ok. I've been
using that strategy since I started earning money.


I'll second everything you said.

I now know that I should actively manage my 401, daily. Long term,
yes, but watching for a president that panics people is more
important. A financial planner I saw told me I should invest
according to my risk tolerance. Duh.

I keep moving my risk from about 6% to 30% and then back again. I'd
like to risk more, but am unsure, now, exactly how to do this
managing. It was all so much easier until a year ago when we all were
hit in the face with the realities of what can happen.

Thankfully I took personal finance in college and learned some things.
I feel badly for those who didn't attend college or didn't learn from
personal finance courses.

Those are the guys deeply in debt and can't figure out what to do
about it.

The more you want to make the more you have to risk. At this point in my
life I'm in preservation mode and this market didn't hurt me too badly.
Younger folks that took heavy losses will eventually recover if they
don't get greedy and try to get their money back too quickly.

Duh.

Obama fails to get Nobel Prize in Economics
 

wf3h wrote:
On Oct 12, 3:58 pm, John H wrote:
On Mon, 12 Oct 2009 11:25:04 -0700 (PDT), wf3h
wrote:





On Oct 12, 12:35 pm, Canuck57 wrote:
wf3h wrote:
my corrective action is not to trust the rich anymore...you're too
stupid to learn that
Instead of envy, distrust and hate of the rich, learn to think like
them. They have people paid big bucks to keep them out of financial
trouble, certainly more than you or I can afford.
how does one think like a thief who bribes politicians when one has no
money to bribe politicians?
When government said nothing to worry about re-debt markets in 2007 and
again in 2008, this was your/our first red flag.
me and ever nobel prize winning economist on the planet.
You can sit on your arse and bitch about the rich, but there are good
reasons why they have money and you do not.
yeah. they inherit it and bribe politicians to game the system so we
have NO choice BUT to invest with them.
so the REAL answer is to change the system instead of doing like YOU
recommend which is to pat them on the back for being such good thieves
And the reason is simple,
they do their research and humbly and rationally know the markets on how
they really operate.
bull****. pure bull****. if they did so, they wouldnt have to come to
me and ask me to bail them out after they stole my money
They didn't come to you. 'Bama came to you. And, like a dummy, you
said OK.-

guess you forgot bush was president the last 8 years.

i'll just keep repeating this since it's obvious you have alzheimer's

Bush set the stage for the bailouts. He stalled and let Obama do the
dirty work.

To those who listen to the well organized Republican "keep it on track"
messages, Obama is the bad guy. Only works if you ignore the last 8
years of irresponsibility. Easy to do if you get your news from the Fox
News Corp.

Obama fails to get Nobel Pri
 

On Mon, 12 Oct 2009 11:27:28 -0700 (PDT), wf3h
wrote:

On Oct 12, 12:59*pm, Jim wrote:
wf3h wrote:


no wonder they got their asses handed to them in the last election

Wrong on all points.
And unless you change your thinking, you will continue to be a loser.-

hey jim

who's president? if i'm a 'loser'

then why did the GOP just get wiped out in the last election?

not too swift, are you?

Haven't you been doing all the whining about 'losing' all your money?
Wouldn't one who loses his money earn the name 'loser'?