Obama Supporters Not Buying Stock

iVillage Member
Registered: 01-14-2008
Obama Supporters Not Buying Stock
25
Tue, 02-17-2009 - 11:18am

I have just one question for those here who supported Obama.  If he is so wonderful and his "changes" are going to fix our economy and save America then why are his supporters selling stock like crasy instead of buying it?


Everytime he and his "forgot to pay his taxes" Treasury leader open their mouths the stock market takes a huge dive.  Today, he is set to sign this "simulus" bill aka Democrat dream spree and the stock market is once again hitting the skids.


So, if you are an Obama supporter then please enlighten us on why you are not buying stock to support his fix on the economy, or do you not really believe in the savior?

Community Leader
Registered: 04-05-2002
Wed, 02-18-2009 - 7:46am
One thing people also need to keep in mind is that stocks also went up before so most people I know (and I'm not saying either of you) compare what they've lost from the top of the market and not from what they've invested. It's like house prices, too.





iVillage Member
Registered: 03-18-2000
Wed, 02-18-2009 - 9:36am

"we're 'long-term investors'"


Same here.

 


Photobucket&nbs

iVillage Member
Registered: 01-04-2009
Wed, 02-18-2009 - 11:05am
Agreed about the markets long term.

 

Community Leader
Registered: 04-05-2002
Wed, 02-18-2009 - 11:39am
I agree. It's a really scary situation for many people who are nearing retirement as they watch the possibility of jobs disappearing plus a good chunk their retirement gone.





Avatar for lucy4980
iVillage Member
Registered: 03-26-2003
Wed, 02-18-2009 - 4:26pm

Yes - you have to be conservative in your investments if you are close to retirement age.

iVillage Member
Registered: 01-14-2008
Wed, 02-18-2009 - 8:01pm

What got us into this in the first place was pressure on Fannie and Freddie to make loans to people who could not afford houses so everyone could have a house.

Community Leader
Registered: 04-05-2002
Wed, 02-18-2009 - 8:51pm
When did I blame Bush?





Avatar for claddagh49
iVillage Member
Registered: 07-20-2004
Wed, 02-18-2009 - 9:59pm
AMEN!!!!!!!!!!!!!! I am so dang sick and tired of the Dems getting all the blame. There's PLENTY to go around! How about all the money spent on the IRAQ WAR? All the missing money from the IRAQ WAR. YES, Bush most certainly DOES deserve some of the blame!
iVillage Member
Registered: 01-04-2009
Thu, 02-19-2009 - 12:18am

 

Community Leader
Registered: 04-05-2002
Thu, 02-19-2009 - 7:30am
It's hard to believe someone could actually believe a person could be president for 8 years and have no responsibility for this. Isn't personal responsibility a conservative code word?