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Today's Nuze

AND YOU THINK OBAMA IS NOT A FACTOR HERE?

By
Neal Boortz
@ November 21, 2008 8:28 AM Permalink | Comments (57) | TrackBacks (1)

The stock market was down another 400 points or so yesterday. People are wondering where in the world this will end. Retirement funds are being devastated. People are losing jobs. The picture certainly isn't rosy right now, and nobody can really explain why. The media, on the other hand, is certain that there is one recent event that is having no effect whatsoever on this economic slide; and that would be the election of Barack Obama.

OK ... why don't you try to put on an investor hat for a moment here. Let's say you're considering getting back in the stock market. You know that some stocks out there are at historic lows, and they're bound to bounce back ... right? So why don't you just take some money out of your savings or out from under your mattress and plow it back into the market?

Let's see if we can find any reasons why you might hesitate.

We have a president-elect who ...

... has promised to raise capital gains taxes, perhaps even double them. So this guy is just waiting for you to jump into the stock market and make some money so he can seize a huge portion of it. Why jump now? Obama has been asked if he plans to go forward with his capital gains tax increase, but he's not saying. Just hold off on your investments for a while until he tips his hand. If he goes the tax increase route you might want to consider trying to move your money offshore to grow until he's out of the picture.

... has promised to sign the so-called "Card Check" bill. Now again, you're smarter than the average voter, and you realize that this unionization-through-intimidation idea is going to have an adverse affect on American business. As soon as the bill is signed union thugs (organizers) will start their petition drives at thousands of businesses across the nation. Large businesses and small businesses. America's largest employer, Wal-Mart, will be one of the first targets. You don't know how far this will spread, but you do know that every business that is unionized will be a poor investment for you. So you wait .. you wait to see what is going to happen with card check.

... has promised to raise income taxes on the largest jobs producing segment of our economy, small businesses. During the campaign you heard him say that he would not raise taxes on 95% of small businesses, but you know that most of the jobs rest with the remaining 5%, and that's where most of the new jobs would be created. The ignorant voters bought his 95% line, but you're not that stupid. You saw through his rhetoric. So, again, why jump into the market now? Wait until we see what Obama is going to do with these tax increases on America's jobs-producing machine.

... has promised more business regulation. Obama is no fan of free enterprise. He loves government. Obama believes America is great because of government. You really think you need to wait before you make your investment moves until you see just what regulatory punishment Obama has in mind for the free market.

So .. think about it. We've only scratched the surface here. We could also talk about expanding the family leave act and many other little federal anti-business goodies. Invest now? Why? Doesn't it make more sense to wait until you get a true measure of our new anti-capitalist president?

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What others are saying

  • Left out in the cold
    I have a hard time sleeping at night when I think about the dirrection our country is headed.I can't seem to grasp how we are going to make a change in the right dirrection if we continue down the path were on.I am a young un-weathy man.I was edgucated in our public schools(flawed at best)but I still posses common sence enough to see when thing are wrong.I know social security will not be around for my daughter or myself.Everything our government tries to run(schools,social services,VA clinics,congress,ect.)is poorly ran at best.Im haveing a very hard time trying to figure out how spending billions in NEW taxes are going to help us.Unemployment is out the roof as well as foreclosures."Universal" heathcare and "healthcare reform" scare me!I hear words like social services,common good,common weath,universal heathcare and all I really hear is.Socialisum,comunisum,Marxus rule and bigger government.I thought the federal government was suppost to protect our nation and help settle disputes between states.I could be wrong due to our lacking and failling schools systems but Im sure I read it somewhere.Not in school mind you....I only hope that one of my fellow americans(hopefully a left winger)will help me understand how we're going to fix social security our schools and save our ecomomy with our current addministration.I know I can't spell or rite very well.After all I am one of thoese uneducated,unintelligent,unfit to vote,poster childs I've heard of but at least I can see my nose on my own face.
    By William Bruland @ 04/15/09 06:07:46 PMreport abuse
  • recorded obama supporters!
    I wondered why Boortz on his show was claiming so hard these alleged obama supporters were volunteers for his denigration, as idiots, uneducated, unintelligent, unfit to vote, poster children, for his advocation of education tests for right to vote, guess he is fearful someone in media might hunt them down and let them hear how they were recorded, used on his show these past few days, wonder if they will feel slandered, libeled, wonder if they signed any consent forms to be recorded, makes one wonder if any federal wire tapping laws might have been violated, I know I would be worried if I was Mr. Boortz or his employeers at 104.1 FM, since media matters, congress, senate, FCC, to name only a few might wish to know did consent actually occur? I love it when a arrogant self righteous racist, bigot, hatemonger shoots himself in the proverbial foot, and he continues to play the recordings albeit in shortened format! I truly believe this will be Mr. Boortz down fall, his using people unknowingly, without consent, on open public airwaves, which is a thing of beauty if one thinks about it, his arrogance, racism, could be his down fall, only thing his ilk fear is being hit in the pocket book with libel suits, slanderous accusations, that is how the anti-racist groups are putting the racists organizations out of bussiness with civil suits, judgments! I find it funny, glad I am not a public person with tons of money to be sued for, guess that would make old Boortz cry bloody murder to see someone take his precious hard earned hate radio earnings for his racist rhetoric!
    By anonymous @ 11/24/08 09:09:35 AMreport abuse
  • Obama Economics and History
    Neal:
    It appears that Obama is trying to rehash the plan of FDR and Hoover. These plans were one in the same and exacerbated the Great Depression. Unfortunately, the American Public did not learn their history as it is not properly taught in the Public Schools. I have had to deprogram the indoctrination of my kids in the Public Schools and reteach them. (Maybe I should have homeschooled them, but I guess I am doing this on a part time basis.)
    Anyway, it appears that the majority of the American people are falling for this new FDR nonsense again. (I have already gone through the war on terror. I am getting too old to go through another high intensity conflict just to bring this country out of the depression that Obama puts it.)
    By Scott @ 11/24/08 09:08:44 AMreport abuse
  • Ann "wicked witch of the right wing" Coulter!
    Someone here mentioned Ann Coulter, this reminded me of the video of her giving a speech on a stage, where she was spouting out about how her right wingers/republicans could better defend us than the hated dispised left/democrats, then a heckler chased her with a harmless cream pie, she fled screaming in terror, off the stage, this image sticks in my mind, to this day when anyone mentions her name, or when she infamously got fired from CNN for denigrating a vietnam war hero on live television, its people like Ann "wicked witch of the right wing" Coulter, Neal"self professed mightey whitey" Boortz, Laura "jilted for a democrat" Ingraham, Michelle "internment camp advocate" Malkin, Sean "fake common man/multi-millionare Hannity, Bill "phone se* freak" Oreilly, Rush "drug addict" Limbaugh are the heros of the right fringe, guess it takes all kinds to make the world, but a old saying comes to mind, the sun cannot shine on one dogs tail all the time, it has to shine on another dogs tail some of the time, one might say sun is setting on the before mentioned crowd, and a new dawn is coming to others, cannot come soon enough for me!
    By anonymous @ 11/24/08 09:01:15 AMreport abuse
  • promise after promise falls
    Anyone who believes obama's plan will help 95% of the populace doesn't have a pot to begin with. The latest:

    Democrats: Stimulus Plan Could Total $700 Billion
    "One of Barack Obama’s closest aides suggested Sunday that the president-elect may renege on his promise to roll back George Bush’s tax cuts while Congressional Democrats said the new administration may unveil a stimulus plan that will cost taxpayers $700 billion.

    That would be four times the size of the $175 billion stimulus president-elect Obama often touted during his campaign...."

    To read the entire article, the link is below.
    source: http://www.newsmax.com/headlines/democrats_stimulus/2008/11/23/154421.html
    By disenchanted @ 11/24/08 08:47:51 AMreport abuse
  • Laura Ingraham
    I am no fan of hers, but it tickled me, to listen to her yesterday beg, her fellows in the right wing to not air their dirty laundry in public, keep it in house, private, backroom style! Guess she is feeling the heat since she and her fellow right wing hate radio jocks/gals have been blamed for the right wings defeat/debacle! Neal Boortz is going to be the poster child for leglislation of "fairness doctrine enactment", the writing is on the wall, it has Bill Oreilly so worried, he called in Al Sharpton begged him to join him in opposing this legislation, which Al Sharpton seemed to waiver between not sure and sure, but wait till he thinks on it a while and realizes he can force his way into 1/2 of the air time now dominated by the likes of Neil Boortz/Bill Oreilly/Laura Ingraham! I find this all humorous, fitting karma for those whom cannot figure out how to make people agree with them with verbal argument, their only idea is disenfranchise those whom will not vote their way, of course that was tried and failed decades ago with US supreme court rulings, but just like the old klan rises and falls occassionally this idea comes around but is never going to get traction, in fact it merely exposes those who advocate "education tests for right to vote" as what they are, racist advocates of the old jim crow education test laws, which had one purpose alone to disenfranchise those not in power by those in power, note to the minority racists, your not in power anymore, get used to it!
    By anonymous @ 11/24/08 08:23:54 AMreport abuse
  • Referendum
    I just hope that recent events create a referendum on the Legislative branch of government...It's the "silver" lining in what's going on now. As things were, we would have had the same "pork barrel" attitude as we've had for the last decade. At least this will force people to re-think and change the attitudes (and people) in congress and the senate...especially the leadership.

    We need another Newt Gingrich.
    By Scott @ 11/24/08 12:37:55 AMreport abuse
  • Why won't the banks lend anymore?
    Because you have no money to pay them back. You can't give the banks enough money to do that.

    The bailout of the Automakers with a $25 Billion loan makes a lot more sense to help our manufacturing and jobs, than the $800 Billion for paper pushers on Wall Street without the oversight the average company gives a fast food fry chef.

    The problem in our economy, is that wages did not keep up with Productivity. Instead, we had cheap credit. Cheap credit is what ballooned the price of houses. If the Median Price of houses around 3 times the Median Wage -- you have an unsupportable market. If the average person in a home cannot afford it now, they will not afford it in the future. This is exactly the same land speculation and over-leveraging that happened before the Great Depression--heck, people took out cheap loans to buy stock, and it's surprising that people who've studied it, would lead us to the exact same conditions. Paulson and Phil Gramm were lobbying for extending Leveraging (called the factoring rate) for banks and to let financial institutions become banks. Negroponte used "national security" to order five big financial institutions to bypass the SEC regulations. All but Goldman Sachs are belly up right now. One of them was Bear Sterns.

    For years, you guys have been shouting to "protect" high wages for executives, but not protect your own wages. You think you've been shouting for fairness; but hey, a business is a kingdom -- they DECREE your paycheck and you don't vote on theirs. Nobody is hired at a company for charity, if you make your wages lower -- there won't be any MORE people working. Conversely, if your working wage goes up, the company does not fire people because they can't make a product without your labor. Executive compensation goes down. But, hey, you guys care so much about them .... where are they going to be when the economy crashes? Sipping Pina Colada's in Dubai.
    By MarkJ @ 11/23/08 08:44:34 AMreport abuse
  • Boortz was for Bush before he was against him.
    I remember listening to this Boortz guy a few years ago. He was very much a supporter of Bush. Now Bush can't rob anymore, and he is an independent again -- or perhaps a Libertarian, even though they don't want him.

    Let me tell you something, if you want a Libertarian paradise -- move to Mexico. That's what another decade of Reaganomics will do to us. The wealthy families that run everything are not taxed high, they don't have fancy roads and infrastructure, or "hand outs" to the poor. It's so damn great, people die in the desert trying to get to America.

    You can blame Clinton for some of this if you want -- but he was just betraying Liberal principles when he did it. His NAFTA agreements were the darling of the right. And Newt Gingrich applauded it -- while the Democrats like me cringed.

    Well, I can't say I "was" a Democrat, because I voted for Ross Perot.
    By MarkJ @ 11/23/08 08:33:31 AMreport abuse
  • mental capacity
    You really should let people make up their own minds. The name calling is very immature and I would expect more from any journalist!!
    By intelligence @ 11/23/08 12:52:28 AMreport abuse
  • Odumbo and the Stock Market
    Wake up America... this Man is NOT good for America. I pray he is out in 4, No Hope, No Change. Praying for our Country
    By Jill @ 11/22/08 08:45:34 PMreport abuse
  • The Lunatic Fringe Keeps Getting Fringe-ier
    I love how these right-wing lunatic fringers CLING to their old delusions while inventing new ones to refuel their chronic BITTERNESS.

    Way to aim high, vanquished conservatives! Your crowd ruined everything, and your response is to predict that the other crowd will make it worse. Let's see, "Vote for conservatives because they will destroy civilization, as opposed to liberals who will make the earth explode." Way to appeal to the country's optimism!

    Furthermore, I'm supposed to be persuaded by the economic arguments of neocon buffoons like Boortz? How can I take seriously a political philosophy that:

    (1) Waxes apoplectic about illegal immigrants while at the same time worshipping blindly at the altar of small business. What percentage of illegals would you imagine is employed by Goldman Sachs, as opposed to Joe the Plumber, Joe the Landscaper, Joe the Lettuce Farmer?

    (2) Elects itself as the Patriotism Police and fulminates about missing flag lapel pins while at the same time trumpeting the righteous anthem of Unfettered Big Business. What big business has ever put patriotic interests before profit? Goldman Sachs, Enron, Exxon-Mobil, Pfizer, Microsoft -- these MULTINATIONALS would sell our entire country to China if they could make a profit from it. And all the while, conservatives have zealously advocated for the freedom of these amoral corporate titans, which meant the freedom to export jobs to cheap overseas labor markets and liquidate our manufacturing base in favor of a borderless, supranational capitalism without allegiance to the U.S. or anyone else.

    (3) Yammers and bleats about taxes while ignoring the de facto taxes they have imposed on themselves and everyone else through their incompetent rule over the last eight years. What percentage of our income do we now spend on necessaries in relation to our wages? How much has the cost of basic goods and services gone up in relation to wages? What is the ratio of our debt to our savings, both personally and nationally, as compared to during other administrations?

    (4) Sounds the alarm of bigger government and consequent loss of liberty, while growing the government to unprecedented size, and yet still fails to obtain results from that larger government. Republicans -- many self-identified as "conservative" -- have presided over the largest expansion of government ever, and the biggest example of that expansion (DHS) has so far done little to address the situation it was created for. Are ports and shipping routes more secure? Are imports adequately screened and tracked?

    Let's face it: You pseudo-cons are the sad custodians of a bankrupt and fraudulent ideology that has now been exposed to the world as a poorly conceived (though well executed) Ponzi scheme. Never before has a set of ideas so contradicted reality and common sense. Never before has a political philosophy been so repudiated by history and fact.

    So enjoy your sabbatical in the wilderness -- in the dustbin of bad ideas, as one of your discredited heroes once called it.
    By Gloating Democrat @ 11/22/08 04:08:47 PMreport abuse
  • Grammar Police is that all you Boortz fans have!
    By FL Marine @ 11/21/08 02:10:44 PM

    Grammar police is this all you Boortz fans have to offer, as a leatherneck if your to stupid to know that bit of historical fact of marine corp history, I am not here to educate or verify anything for the idiots who worship at the Boortz/neo con alter! I have heard you types before, you think all patriots put Bush/Cheney bumper stickers on their vehicles, and all those who have served are republicans, not surprising, since your heros are chicken hawks, who hid from duty in vietnam, in my youth it was common knowledge if you were rich, connected you got to the national guard as Bush Jr, did, or got you 5 deferrments like Dick Cheney did, 4 for college, 1 for a pregenant wife, that last one always puzzled me since many a man I served with had a pregnant wife at home, some did not come home to see their children, you right wing chicken hawks disgust me, you talk a good game but many of them are short on the gonads!
    By anonymous @ 11/21/08 09:29:01 PMreport abuse
  • Financial Markets
    The pieces of the puzzle are falling into place; a world-wide financial crisis, a quasi-messianic (to his followers) President-Elect who you cannot be criticized least you be labeled racist, a soon to be Chief of Staff who says (paraphrasing) don't wast a crisis, use it to get things and power you would not normally get. Folks, dark days are ahead......
    By Texan @ 11/21/08 09:13:00 PMreport abuse
  • Common factors among leftist posts
    1) They regurgitate their pablum on cue.
    2) They can't ever substantiate their argument
    3) They all seem to be "anonymous"
    4) They still can't spell Neal's name right!
    By Jeff @ 11/21/08 08:59:57 PMreport abuse
  • The Market
    To the guy who commented about Neal saying the market would do great under Bush. It did, reaching its highest level ever. It only started tanking when the left took control of Congress and then they elected the Messiah
    By Jeff @ 11/21/08 08:43:59 PMreport abuse
  • Anonymous???
    This is for the "Anonymous" posters out there: Just what is it that has you all convinced that people like Hannity (who I never actually listen to, by the way), Limbaugh (who I very rarely listen to), Boortz, Coulter and the rest are "bigots," "racists," "hatemongers," etc.? It just seems like a convenient attitude to have towards people that you don't want to agree with. I can't help but feel that labeling such people in such a way is more hateful than anything I've heard those people actually say.
    By Ron @ 11/21/08 07:53:30 PMreport abuse
  • Experience
    Obama's many years of economic and financial experience will serve him well in sorting out this mess and turning things around.
    By Dashawn @ 11/21/08 06:51:06 PMreport abuse
  • Um, Anonymous?
    "Never ending war in Iraq"?

    Maybe you haven't been keeping up with current events, but Iraq is ready for us to leave and talks are underway for the withdrawal.

    It's time for you moonbat automatons to be reprogrammed to spout some new memes, the old ones are getting out of date.
    By David @ 11/21/08 05:52:07 PMreport abuse
  • Liberalism will ruin the economy
    Liberals are unwilling to admit the fact that Obama is going to have a disastrous effect on the economy. Why should I invest any money into the stock market when Obama is just going to seize all of it and claim that "I'm too wealthy and the poor people need it more."

    And the stock market was actually doing great under Bush and the Republicans until 2006 when the Democrats seized control.
    By Liberalism is terrorism @ 11/21/08 05:22:45 PMreport abuse
  • government
    "He loves government. Obama believes America is great because of government."
    Yes Obama does love government but he doesn't think America is great at all for any reason. He's planning on making it that way by increasing the size of government.
    By Wolverb @ 11/21/08 05:04:45 PMreport abuse
  • The economy cant be any worse than it is w/ Bush running the show
    By Stan @ 11/21/08 05:02:19 PMreport abuse
  • The Obama Factor
    I agree with Neal here; there's a direct correlation. I fear there's much more to this story however.

    I talked to my brother who is training a show horse, and the day after he mentioned the election results in front of his horse she threw a shoe. The lady I'm seeing says that her hairdresser tells her that ladies permanents aren't affecting women's hair correctly ever since Obama became president-elect. Come to think of it, I seem to be catching a cold, and I was feeling fine before the election! Hmmm.
    By Charles @ 11/21/08 04:58:03 PMreport abuse
  • facts vs hand wringing
    AWK829,
    How dare you throw water (facts) on the hand wringing party. Don't you know some people won't have anything to do. If we can capture the heat energy from the wringing the energy crisis will be solved. I listen to Spawn Insanity, Squeal Boortz, Lush Limpbaugh, etc. sometimes to laugh at the pitiful millionares puking their marching orders. 'Please, no progress, I want things just like they've always been'. Lefties are just as pathetic. We the people need to become centered.
    Squeal says if you only work ~9 hours/day you're a loser with no ambition. So we should work 12-16 hours 6 or 7 days a week, zero sum, dog-eat-dog, at the altar of the dollar and forego other aspects of life. Sounds like going back to hunter-gatherer times (like devolution, not evolution).
    By rob @ 11/21/08 04:41:47 PMreport abuse
  • OH Yes Obama is!
    OK! Lets take the wayback machine to 2000 when Bush took over the white house. Isn't it funny that since day one Dems and libs have been blaming him for the economy. He hadn't even been in office a month and liberals were screaming for his head because everyone was trying to cover the fact that the economy was in the toilit due to the "DOTCOM" bubble popping. Gee! Wasn't that under Clinton, pretty sure it was.
    Then the next seven years the economy got so much better we broke 10k,11, 12k and yes even 13k. Then come the Democrates talking about how they needed to do away with those evil tax cuts. Suddenly the stock market starts dropping. Then when Obama starts talking about taxing this group and that group the market slides further.
    Ya I guess you libs are right, it was all the evil republicans.
    By D.D. @ 11/21/08 04:40:23 PMreport abuse
  • haters
    I LOVE the new layout and the comments section. I find it so interesting that so many haters take the time to listen to the show and take the time to hate on Neal and his show. I am impressed that you draw such a crowd Neal. These people are closet Boortz lovers or else they wouldn't be listening to you or taking the time to check out your website. I LOVE IT!
    By boortzbabe @ 11/21/08 04:39:52 PMreport abuse
  • Biased as usual
    Wow, market up 500! This Obama guy is good, isn't?
    By Dave Greenwood @ 11/21/08 04:24:00 PMreport abuse
  • SteveS
    By SteveS @ 11/21/08 02:59:54 PM -

    It's NEAL - douchebag.
    By TheKernel @ 11/21/08 03:49:30 PMreport abuse
  • Funniest thing I've ever heard
    I can't believe the hitrionics of the talk radio and how far you can go blaming marginal tax policies that haven't even been decided as the worst downturn in the market since the great depression. I'm sure that the crash has nothing to do with us being a net debtor nation since the Regan years. Nor would it have anything to do with trillians of dollars worth of uncollatorized debt issued by banks, or CDOs backing those loans. Nor could it possibly be anything to do with credit so tight that nobody can borrow money to meet their cash flow needs or buy cars. And I'm sure that the thought of a possible Democratic victory probably set off the crash in real estate values in 2007. No it must be that Obama is the President elect and promises fiscal responsibility. That surely did it. Smart, really smart!
    By Marty @ 11/21/08 03:38:46 PMreport abuse
  • The power of the President
    Can anyone tell me the power that the President has. Blame the current administration all you want, Dems have been in control for the last two years. The only power the Pres has is to VETO. Even that can be a null power with a mojority in both House and Senate. Executive Orders, I thought those were also subject to oversight maybe by the Judiciary. I thought it was a nice little thing called checks and balances, but then again, I'm government educated.
    By government educated @ 11/21/08 03:31:46 PMreport abuse
  • I remember multiple times during the Bush administration Neil saying that the market was going to do GREAT because Bush was president, the republicans controlled congress, etc.

    How did that market analysis work out?
    By SteveS @ 11/21/08 02:59:54 PMreport abuse
  • Obama and the Stock Market
    Regardless of how bad things get between now and his majesty's inaguration it will all be considered the Republicans' fault. Of course, it something great happens, we'll be hearing how great things are getting now that Obama has been elected. The democrats will never admit they are wrong, or made a mistake.
    By LEE @ 11/21/08 02:22:06 PMreport abuse
  • To the "anonymous" fool
    You are no Marine. Two things that real Marines know: 1) There is no such thing as an "ex-Marine," and 2) "Marine" is always capitalized. To say nothing of the nonsense you are spewing like every other ignoramus who thinks they are intelligent just because they can repeat everything they hear from friends and the media without doing their own research and contemplation. Why don't you read Boortz's disclaimer on the Nuze page before you open your mouth and prove to the world how much of a moron and a poser that you are.
    By FL Marine @ 11/21/08 02:10:44 PMreport abuse
  • Misery sure does love company!
    I only until recently paid little attention to Neil Boortz, he is pretty much a fringe nut case, sure he has his uneducated, unintelligent fans, as is so obvious here reading the comments, but thats good, since he can never appeal to the main steam in society, thank god, the reality is, majority of americans decided this election and no one bought into your messiahs Sean Hannity, Rush Limbaugh, Laura Ingram, Ann Coulter, Michelle Malkin, Neil Boortz purveyors of hatemongering, racism, bigotry, but it is funny to see how even as economy lays in ruin, dollar collapses world wide, never ending war in Iraq, China owns us lock stock and barrel, the masters of spin, deception really think they will save the conservative republican party, from its own demise, destruction, guess the old saying ignorance is bliss!
    By anonymous @ 11/21/08 02:07:26 PMreport abuse
  • The Obama recession
    I was curious; has anyone seen if there was a correlation bewtween the stock market slipping Obama gaining in the polls?
    By Ubiquitous @ 11/21/08 01:53:24 PMreport abuse
  • Listened to Laura Ingram today, she is irate at being blamed for republican loss!
    It is so funny listening to Laura Ingram rant and rave today, how her fellow conservatives are blaming right wing talk radio for their recent debacle in election, guess a dose of reality is to much for the fans of Laura Ingram, Neil Boortz, Bill Oreilly, Rush Limbaugh, it is funny watching you right wing nuts eat each other alive, as a old ex-marine, divide and conquer is a old military tactic, guess all your chicken hawk warriors who follow Laura Ingram/Neil Boortz cannot concieve that concept, you all are your worst enemy..., and it is fitting karmic justice that your fringe element here on talk radio cannot see the writing on the wall, but the longer your blind the better for America! No matter how you spin masters try to spin it, your party has held white house for 8 years coming jan 2009, all the spin, twist, etc, will not fool the majority on this issue, thats why you lost this last election, but your too blind to see it!
    By anonymous @ 11/21/08 01:38:32 PMreport abuse
  • Read up on your history, anonymous
    President Bush utilized his powers of veto less than any other president in the past 200 years. He is not to blame for the ineptitude of Congress. No one has said- least of all Neal- that the Republicans have done a great job over the past 8 years. However, I can without hesitation tell you that my family was a LOT better off financially in 2005 than we are now with Pelosi, Reid in charge. Since they came to power in '06, unemployment has shot up, gas prices have skyrocketed, and the economy has generally tanked. Let us not forget that the current economic crisis rests squarely on the shoulders of Jimmy Carter, Bill Clinton, Barney Frank, Chris Dodd, and even your beloved Barack Obama's efforts as a 'community organizer' largely contributed. Also, Herbert Hoover sent us into a Depression by raising taxes after the stock market crash of 1929, which is a policy that is eerily reflected by our new President-elect.

    Small businesses have already begun to cut jobs- my husband's employer blamed the current credit freeze along with the tax policies of the incoming administration on his decision to lay him off. Despite being well-educated, hard-working, responsible citizens who have always paid our bills on time and lived well within our means, my husband and I are now facing the possibilty of foreclosure, having to put our children on Medicaid, and having the 750 credit rating we have worked so hard to maintain destroyed. I hope every Obama supporter gets to experience the same 'change'!
    By Keep the 'Change'! @ 11/21/08 01:33:54 PMreport abuse
  • Stock market
    fannnie & freddie are just the fall guys for bad policies implemented by crooked politicians- see the CRA act, etc. you think they wanted to lower lending standards? think they wanted to guarantee bad loans? no, they were forced into it by (mostly dem) members of congress. this i know, i've been trading those bonds for 20 years. been taking my $ out of the market for months in anticipation of the Obama victory & the socialist take over in congress. no reason to invest in America right now, there are & will be better opportunities down the road. i'll do what the rich dems do- invest off shore, in tax havens & in tax free bonds...and pick up some really cheap real estate too.
    By Moman @ 11/21/08 01:32:59 PMreport abuse
  • Stock market
    The global sell off is complicated & cannot be blamed on Bush, nor the election of Obama. But I do know that lots of $$ have been taken out & remain on the sidelines waiting for a better re-entry point, or better investment alternatives. I started taking my money out of the market over a year ago & have sold even more over the past few months. The U.S. stock market does not appeal to me with an incoming socialist president and a congress run by protectionist hippies. Cash is king. Muni bonds make sense here too.
    By Moman @ 11/21/08 01:24:26 PMreport abuse
  • Hey "anonymous"
    You should really look into your history before coming to this website. Bush has been in power for the past eight years, true. But,he has enacted less vetoes on legislation than any other president in the last 200 years. Do not dare try to blame him for the ineptitude of the current Congress. They were controlled by the Republicans from 2000-2006, true. No one has said- least of all Neal- that they did a perfect job. However, I for one know that I was much better off financially than in 2005 than I am now! Since Pelosi and Reid took power, gas prices have skyrocketed, the sub-prime scandal has come to light (with the blame resting squarely on the shoulders of Carter, Clinton, Barney Frank, Chris Dodd, and yes- even your beloved Obama's) and the economy is sinking. Even though Herbert Hoover was a Republican, he sent us into the Depression by RAISING TAXES after the stock market crashed- a policy very similar to that of our new president-elect. I'd suggest that YOU are the one living in a deluded state. My husband just lost his job and was TOLD by his (yes, small business) employer that with the current credit freeze and the prospect of the new administration coming in, it didn't look like the climate would improve anytime soon, so he could no longer afford to keep many workers on his payroll. Despite the fact that we are both well-educated, hard working, responsible individuals who have always lived well within our means, we are now facing the possibility of foreclosure, having to put our children on Medicaid, and the loss of the 750 credit rating we worked hard to maintain. Personally I'd like to see a lot of those people like Frank and Dodd in jail right now. I hope you get the same kind of "change" that my family is enduring right now.
    By Unemployed and hurting @ 11/21/08 12:41:04 PMreport abuse
  • anonymous @ 10:56
    anonymous should be on that video along with all those other dumb Obama voters.

    GW didn't veto anything. Things took a turn for the worse in the 2 years. Guess who's controlled Congress those 2 years anonymous ?
    Guess who has more control over the economy anonymous ? Hint: For those of you who went to public scholl... its NOT the Pres.
    Exactly what initatives did the Dems want ? More BAD loans which were a DEM initative in the first place ?
    Repubs wanted to clamp down on Fannie Mae etc. Guess who prevented that and said everything there is OK.

    Ignorance is an expensive concept.

    .
    By El Jay @ 11/21/08 12:18:37 PMreport abuse
  • Neal you are so right
    Thanks for all the continued education Neal.
    Where is OBAMA the Mesiah throughout all this?? He babbled his way into the white house & convinced all the un-educated voters that he would change, change, change the world.....Ok he is not in office yet but shouldn't the future leader of our country be out trying to help out? Be in the limelight, tell us what he plans to do??? NO, he is going to laugh & play w/ his blackberry, maybe go to a photo shoot? The educated, the wealthy, the people that invest & create jobs, they are getting out of the stock market. Wonder why?? EVEN THE DRIVE BY MEDIA IS NOW SAYING "WHERE IS OBAMA". I bet he is having caviar w/ Oprah?
    By JMC @ 11/21/08 12:11:03 PMreport abuse
  • Do the math
    Let's suppose you have $1,000 to invest and you are going to invest it for 5 years. Regardless of whether the long-term capital gains tax is the current 15%, the historical 20%, or at the midpoint of Obama's (and Warren Buffet's) proposed range of 20%-25% (call it 22.5%), you are far better off investing your money in the stock market (or any other capital investment that could contribute to economic growth). $1,000 put in the bank at 3% interest for 5 years yields $1,159 after year 5 ($1,000*[1.03]^5) . . . but bank interest (under both mainstream republican and democratic tax policies) is taxed as ordinary income, so after a 28% tax (let's assume you're in that bracket), you'd have $1,115 (i.e., your post-tax interest is $115). Instead, invest it in the stock market and assume an 8% annual return and you end up with $1,469 pre-tax after 5 years. After the Bush 15% capital gains tax on your $469 pre-tax profit, you'd have $1,399 (i.e., a $399 post-tax profit) . . . after an Obama 22.5% capital gains tax, you'd have $1,364 (i.e., a $364 post-tax profit). A difference of a whopping $35, and in either case far more than you'd have from the bank option, effectively negating any argument that a small uptick in the capital gains tax is going to keep cash on the sidelines in safe harbors like banks and mattresses. Besides, even money put into banks is eventually invested in capital markets.
    By AWK829 @ 11/21/08 11:30:16 AMreport abuse
  • If the dems can keep the market down, and blame Busch at the same time, it sure would decrease resistance to seizure of private retirement plans.
    By anonymous @ 11/21/08 11:25:41 AMreport abuse
  • Republicans get the credit for this fiasco!
    It is ironic that for past 8 years white house has been in Republicans hands, senate/congress unable to pass any democratic initatives due to Republican presidential veto power and democrats not having the 60 majority to push it past this veto, and still its the democrats fault for all these ills befalling the economy, it is laughable, but obviously Boortz fans can stay here on this little delusional land they live in and blame anyone they wish, but reality is, Herbert Hoover another infamous republican rightly or wrongly got blamed for the 1st great depression and now as we head into a 2nd great depression another infamous republican Bush Jr will get credit for this one, and as in both depressions thankfully a democrat is going into office to pull the fat out of the proverbial fire!
    By anonymous @ 11/21/08 10:56:23 AMreport abuse
  • neal's news
    Neal's News is now Squeals Blues.
    Today's Blues: Boo Hoo, Boo Hoo, Oh Woe is me. Sounds like hard lefties have of late. The wailing and gnashing of teeth might be a boom for the dental industry. Tearing down the POTUS has and seems will continue to be the national pastime in which we all lose.
    By rob @ 11/21/08 10:55:30 AMreport abuse
  • The mouth breathing base
    The good thing about the Republican base is that it is shrinking. The market should bottom out on the 20th of January and start back upwards soon thereafter.

    And it will be all because of the brilliant 8 year leadership of Bush the Son.
    By Frank @ 11/21/08 10:55:20 AMreport abuse
  • But.... ?
    I hear what you're saying, Neal. And, I want to agree with you. But, I'm reminded of 2000. The economy was in a slump and showing no signs of getting better. Sure, once Bush was elected, the economy didn't fall quite as quickly as it had been; but, it continued to fall nonetheless. To play "devil's advocate," if you're saying that Obama's election is playing a role in our economy continuing to head south... could you say that Bush played a role in the same thing happening in 2000?
    By Ron @ 11/21/08 10:50:08 AMreport abuse
  • AWK829 - And the Stock Market
    AWK829's response is classic. He doesn't offer much if any support for his argument, just the accusation that Obama's connection to the collapse is an "invention of conservative talk radio". Yes, its an international meltdown. Yes, it started prior to Obama's election. But if you don't think Obama's policies are a factor, you're kidding yourself. Wall Street does not bet on the past, it bets on the future, and right now that's not looking too bright.
    By Matt @ 11/21/08 10:43:31 AMreport abuse
  • Recent Verizon layoff recipient
    Big money is running for th hills!!!!
    By m @ 11/21/08 10:32:54 AMreport abuse
  • Obama Factor
    Hey AWK829,Ye s most marketet are down.When the msm spends the past 10mo,running down the so called worst economy in history. As for the Obama factor until he stops advoiding the tax question the market will hold its breath
    .
    By James @ 11/21/08 10:17:08 AMreport abuse
  • SEC
    Earlier a listener said that George Bush is to blame for decisions of the SEC... Guess what folks, the SEC is controlled by Democrats!
    By Brien @ 11/21/08 10:07:39 AMreport abuse
  • Wish I had bailed sooner
    Nice smackdown Neal. One that's proving to be true.
    By upchuck @ 11/21/08 09:51:57 AMreport abuse
  • DUH!
    Why does anyone even think that the MSM would make the connection? They would not criticize before he was elected and will not do so now!
    By Craig @ 11/21/08 09:45:05 AMreport abuse
  • Obama and the Stockmarket
    I have been saying for weeks that I expect huge sell-offs in response to the recent Presidential victory of Obama. I'm betting that the DOW will fall to 3500 by January.
    By Robert Hancock @ 11/21/08 09:32:32 AMreport abuse
  • Who is in place to buy America
    It seems so silly to let the entire American economy fail because we THINK someone will have a negative effect on Global economy.
    I read somewhere else that America is a Sub-Prime rate country.
    We OWE how many countries that are not our allies.
    Anyone think this may be the ultimate take over? If we are held captive by our financial purses No other country has to invade, threaten or terrorize us.
    We owe money to countries that want to destroy us. The only viable answer we have ever had is America is the richest country in the world.
    Why let America implode? Do you think the Saudi's or Chinese have allowed there countries be reduced to rubble because they are afraid of there soon to be leader?
    The market will bounce back or something new will take its place. It seems like the PERFECT time to try and enact a WORLD UNION. It already is underway from the G7 expanding to G20. The one thing a rich person or nation doesn't want is to be POOR.
    The poor you will have with you always and poor is not always a reference to money. The only way to get out of this terrible global recession is to unite right? We better stop being the Divided States of America and become UNITED. God help us all.
    By Jackie @ 11/21/08 09:22:05 AMreport abuse
  • Markets are also down (more) in other countries
    Stock markets are down across the world - the FTSE index in the U.K. stands at 3853, down from its high earlier this year of 6732. The Hong Kong Hang Seng Index is at 12659, down over 50% from its 52-week high of 29962. In fact, many of the foreign indices are down more the U.S. indices. THe point being, this market contraction is an international phenomenon and it began prior to Nov. 4 and prior to the time when the polls were quite clear in pointing to an Obama victory. This "Obama Recession" and "Obama stock market crash" are just the inventions of the conservative talk radio hacks who succeed when they get their mouth breathing base all riled up.
    By AWK829 @ 11/21/08 09:12:21 AMreport abuse
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