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<blockquote data-quote="1989" data-source="post: 732401" data-attributes="member: 10280">Re: Obamanation here today&nbsp;Make up your mind, you said it was wall street before.&nbsp; But I agree, housing.&nbsp; And who was the biggest buyer of mortgages?&nbsp; If it was ok for freddie and fannie, why was it wrong for others?&nbsp; So will obama take credit for this market fall?&nbsp; I doubt it.&nbsp; Where do you think the bottom of the S&amp;P will fall to this time, 1000, 950, 900, or even lower?&nbsp; 950 is about par for this administration.&nbsp; Again what happened between January 2009 and June 2009?&nbsp; Economies are cyclical, they will bottom on their own and bounce back without intervention.&nbsp; I think obama intervention was too late, we had already bottomed.&nbsp; With piss poor stimulus planning we are getting a piss poor bang for our buck.&nbsp; With a possible trillion $ coming in from overseas that would be like 3 or 4 govt. stimulus packages (no, better yet, priceless) because they would be targeted, produce sustainable jobs.&nbsp; And the kicker, bring in revenue instead of being a drain on into the future.</blockquote>

[QUOTE="1989, post: 732401, member: 10280"] [b]Re: Obamanation here today[/b] Make up your mind, you said it was wall street before. But I agree, housing. And who was the biggest buyer of mortgages? If it was ok for freddie and fannie, why was it wrong for others? So will obama take credit for this market fall? I doubt it. Where do you think the bottom of the S&P will fall to this time, 1000, 950, 900, or even lower? 950 is about par for this administration. [B]Again what happened between January 2009 and June 2009?[/B] Economies are cyclical, they will bottom on their own and bounce back without intervention. I think obama intervention was too late, we had already bottomed. With piss poor stimulus planning we are getting a piss poor bang for our buck. With a possible trillion $ coming in from overseas that would be like 3 or 4 govt. stimulus packages (no, better yet, priceless) because they would be targeted, produce sustainable jobs. And the kicker, bring in revenue instead of being a drain on into the future. [/QUOTE]

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