Remember 4 years ago?

Discussion in 'Politics & Religion' started by debunked, Nov 6, 2008.

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  1. #1
    4 years ago when the American people elected Bush for his second term and on Nov 5th the stock market started dropping.

    It seemed it was all over the MSM that it was because people were scared of Bush.


    Now then, why is it dropping when Obama is elected? Shouldn't it be only going up?
    :rolleyes:

    Funny how the media isn't saying anything this time around....
     
    debunked, Nov 6, 2008 IP
  2. lightless

    lightless Notable Member

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    #2
    Most of the media is a load of bullcrap. They serve their own mysterious and sometimes quite obvious agenda.
     
    lightless, Nov 6, 2008 IP
  3. GeorgeB.

    GeorgeB. Notable Member

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    #3
    Ask Mia, he knows all about focusing on stock market drops after a president is elected ;)
     
    GeorgeB., Nov 6, 2008 IP
  4. debunked

    debunked Prominent Member

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    #4
    No, MIA was making the same point I was, I read his post.

    I remember how the media was blaming Bush for the big drops, saying it was confirmation that people are scared of him and that he stole the election, etc...

    No word on how Obama caused these drops yet though, still waiting.... :D

    This is the kind of stuff that shows how the media is so biased, like Tom Brokaw and his "everyone is emotional right now" comment he made election night. I was thinking that he is probably half right, so many made emotional decisions and are run by their emotions. That is a big problem with people today, they don't keep their emotions in check. Now I am mixing too many points, hopefully you get the main one.
     
    debunked, Nov 6, 2008 IP
  5. GeorgeB.

    GeorgeB. Notable Member

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    #5
    Yeah good thing we have Fox News.... hey wait a minute, they're not blaming Barack either....

    Crap, your theory was so sound :(
     
    GeorgeB., Nov 6, 2008 IP
  6. debunked

    debunked Prominent Member

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    #6
    What does foxnews have to do with my theory? They are not saying anything either which is exactly what I am refering too. Please tell me you understand the point???
     
    debunked, Nov 6, 2008 IP
  7. GeorgeB.

    GeorgeB. Notable Member

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    #7
    I do. You think the media is all biased (apparently including Fox News) and project a double standard in favor of Obama in this case because they brought up how the DOW dropped when Bush got elected and not now.

    My point, if both the liberal and conservative media have realized the stock markets will rise and fall and decided it's a non-issue, then maybe this it's a non-issue? I'm just saying, maybe.

    Perhaps the news organizations had an an epiphany and realized that hey, we're in a recession and economic crisis. So alluding to this drop having anything to do with Barack may be seen as silly considering more obvious causes?

    These are just theories here.
     
    GeorgeB., Nov 6, 2008 IP
  8. LogicFlux

    LogicFlux Peon

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    #8
    It's not a secret that the media loves Obama.
     
    LogicFlux, Nov 6, 2008 IP
  9. GeorgeB.

    GeorgeB. Notable Member

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    #9
    Apparently so does the majority of America across all demographics.
     
    GeorgeB., Nov 6, 2008 IP
  10. kadesmith

    kadesmith Peon

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    #10
    The stock market is almost always going to drop the day after a president is elected. Especially in a society that is almost split 50/50. 50% of the people are scared/nervous about the new guy in town. They start pulling money out because they are nervous. Then the other 50% sees stocks starting to drop, so they pull out. In my opinion, election day and the few days right after are the best days to buy in! Buy low, sell high.
     
    kadesmith, Nov 6, 2008 IP
  11. LogicFlux

    LogicFlux Peon

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    #11
    The whole world does. But it's the media's job to stifle their personal biases and they've done a terrible job. They're not even pretending anymore.
     
    LogicFlux, Nov 6, 2008 IP
  12. umcroat

    umcroat Guest

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    #12
    the election is only one of many factors that affects the stock market. job numbers were really bad...
     
    umcroat, Nov 6, 2008 IP
  13. pingpong123

    pingpong123 Well-Known Member

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    #13
    I cant believe that anyone is even thinking about this as an important event. The stock market will go up or down because of financial times. Talk to me about this in 4 or 8 years when we dont have 2 puppet candidates running against each other and we have a candidate that isnt serving only the special interest groups that are the reasons why they have become president. The election is one big joke, and im happy to say that i didnt vote for either of these puppets:). Both parties are a joke and dont resemble what the original democratic and republican parties are supposed to stand for.
     
    pingpong123, Nov 6, 2008 IP
  14. debunked

    debunked Prominent Member

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    #14
    I find it funny how so many pretend like they don't get it.

    The media was on a frenzy 4 years ago and blamed Bush for a drop in the markets the day after and this time around they are not blaming the next president for the drop. Double standards anyone?

    Oh well, can't expect the "sheep" to admit much of anything since they are not allowed to think for themselves anyways.

    (You guys make this too much fun. sheep.. baaa baaa)
     
    debunked, Nov 6, 2008 IP
  15. AGS

    AGS Notable Member

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    #15
    Don't forget that 4 years ago Bush was the incumbent, Obama is not in the White House for another two months!

    And the biggest worry above everything else is that Bush is still the President until that time. :confused:
     
    AGS, Nov 6, 2008 IP
  16. guru-seo

    guru-seo Peon

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    #16
    Apparently so does the majority of Americans. After all he IS the new president elect. ;)
     
    guru-seo, Nov 6, 2008 IP
  17. LogicFlux

    LogicFlux Peon

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    #17
    Too slow.
    .................
     
    LogicFlux, Nov 6, 2008 IP
  18. northpointaiki

    northpointaiki Guest

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    #18
    Hmm - I find it funny the stock market didn't apparently go down after November 4, 2004.

    Unless my eyes are deceiving me, DOW for Nov 1., 2004 - Nov. 30, 2004:

    11/01/2004 10054.39
    11/02/2004 10035.73
    11/03/2004 10137.05
    11/04/2004 10314.76
    11/05/2004 10387.54
    11/08/2004 10391.31
    11/09/2004 10386.37
    11/10/2004 10385.48
    11/11/2004 10469.84
    11/12/2004 10539.01
    11/15/2004 10550.24
    11/16/2004 10487.65
    11/17/2004 10549.57
    11/18/2004 10572.55
    11/19/2004 10456.91
    11/22/2004 10489.42
    11/23/2004 10492.6
    11/24/2004 10520.31
    11/26/2004 10522.23
    11/29/2004 10475.9
    11/30/2004 10428.02

    http://finance.yahoo.com/q/hp?s=^DJI&a=10&b=1&c=2004&d=10&e=30&f=2004&g=d

    and NASDAQ over the same time period:

    11/01/2004 1979.87
    11/02/2004 1984.79
    11/03/2004 2004.33
    11/04/2004 2023.63
    11/05/2004 2038.94
    11/08/2004 2039.25
    11/09/2004 2043.33
    11/10/2004 2034.56
    11/11/2004 2061.27
    11/12/2004 2085.34
    11/15/2004 2094.09
    11/16/2004 2078.62
    11/17/2004 2099.68
    11/18/2004 2104.28
    11/19/2004 2070.63
    11/22/2004 2085.19
    11/23/2004 2084.28
    11/24/2004 2102.54
    11/26/2004 2101.97
    11/29/2004 2106.87
    11/30/2004 2096.81

    A quick archival search from a true commie rag, the New York Times, with date range of 11/05/04-11/06/04 and search string "Bush" yields...nothing, on Bush and the markets. Some stuff on what Bush wanted to accomplish with his second term, etc. - but nothing on Bush, and the markets. Chicago Sun-Times archival search yielded...nothing, as well. I'd love to see a source showing (a) the stock market dove, after 11/04/04; and (b), the "MSM" trashed Bush because of it. Based on past experience, not hopeful debunked will be able to provide a source, but if anyone else has something in this vein, I'm all eyes.

    Somehow, tonight is a night of interesting impressions, it seems.
     
    northpointaiki, Nov 6, 2008 IP
  19. Mia

    Mia R.I.P. STEVE JOBS

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    #19
    It is ironic, and certainly something is not right in the lefts assertions. CNN yesterday blamed the HUGE two day in a row drop on low consumer confidence and an impending recession.

    The reality here folks is, smart people are selling off stocks now before Bungling Barry raises the capital gains tax.

    Its about the threat of higher taxes.
     
    Mia, Nov 7, 2008 IP
  20. Xphic

    Xphic Active Member

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    #20
    It's the journalist job to be non bias, not the media...
     
    Xphic, Nov 7, 2008 IP
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