Wall Street sinks on Obama bank plan fallout, China, Bernanke uncertainty, and more

New Parallels Desktop 5 for Mac. $15 discount!“U.S. stocks tumbled in their worst three-day slide in 10 months on Friday on fears the White House’s plan to curb bank risk-taking would cut profits and a drop in tech shares after Google Inc’s disappointing results,” Ellis Mnyandu reports for Reuters.

“Uncertainty about the Senate’s confirmation of Ben Bernanke for another term as the Federal Reserve’s chairman also rattled investors in a week when political squabbles helped erase stocks’ gains for 2010,” Mnyandu reports. “‘Between uncertainty over Bernanke, Obama’s bank regulation proposal and the election in Massachusetts, the market is like a cork in the water and the Democrats just hit the flush,’ said Jack Ablin, chief investment officer at Harris Private Bank in Chicago. ‘It looks like we’re headed really low.'”

Mnyandu reports, “Since the Democrats lost their 60-vote hold in the Senate with the election of a Republican in Massachusetts on Tuesday, there is a growing sense among investors that political uncertainty has all but ended the rally that began in March.”

MacDailyNews Note: Shares of Apple (AAPL) lost $10.32, or nearly 5%, to close the regular session below $200 at $197.75.

Mnyandu continues, “Google sliding 5.7% to $550.01, a day after the Web search company posted quarterly revenue that missed some forecasts… Stocks hit session lows within the last half-hour on news that Britain had raised its international terrorism threat level to its second highest alert.”

“The S&P 500 registered its worst 3-day slide since March 2009, around the start of the recent rally that sent both the S&P 500 and the Dow to 15-month highs as recently as Tuesday,” Mnyandu reports. “The Dow and the S&P 500 are now off more than 2 percent year-to-date, while the Nasdaq has shed almost 3 percent.”

“Aside from worrying about how the Obama administration’s proposals might hurt bank profits, investors also fretted about the likely impact of China’s efforts to prevent the world’s third-largest economy from overheating,” Mnyandu reports. “Since China has led the nascent global economic recovery, any curbs it puts on lending threatens to slow demand that other economies, including the United States, had relied upon to spur their own growth. Banking industry sources said this week China ordered some banks to restrict lending for the rest of the month.”

Mnyandu reports, “Other disappointing news on the technology front came from Advanced Micro Devices Inc (AMD.N), which warned that sales in the first quarter of 2010 will be down. Its shares tumbled 12.4 percent to $7.88.”

Read more in the full article here.

206 Comments

  1. Obama, what a fscking joke.

    He couldn’t even save the jobs at Air America.

    If you voted for Obama, can you explain why? I never saw what you think you saw. I just saw a very inexperienced Liberal for whom I’d never cast a vote.

  2. I’m always amused when people place ALL the blame of bad financial news at ANY US President’s feet.

    I know this may come as a shock to you, but the US President doesn’t actually control the entire world’s financial situation. There are larger market forces at work. No really, you can look it up if you like. I’ll wait.

  3. Bernanke should go. What is scary is that we have reached the point where the economy is becoming insensitive to fiscal and supply side manipulations by government. I guess the economy is more complex than a TWO dialed radio.

    just my $0.02

  4. I love how every American problem gets blamed as Obama’s fault. He has such a hand in everything that goes on….Give me a break….no give him a break and everyone should own up to their own mistakes.

  5. Didn’t Cramer call for a huge rally following the Brown win? What happened? Yeah…Cramer’s a douche but his logic was sound. Republicans can block any initiatives going forward, hold up any progress, mire the wheels of government even further.
    That should be GOOD for business, no big health care plan. Insurance companies and big drug company profits are protected. Why are we seeing such a sell off after the big Republican win?

    We aren’t here to discuss the Mac on Mac Daily News after all. This is a political discussion board. So lets whip up the hatred for Obama! Let’s use insipid names for politicians! Lets carry on like junior high school students outside the gym and do a lot of name calling and uninformed accusations! Yeah!

  6. Sounds like lots of folks on this site support the “do nothing but complain party.” Republicans spend other peoples’ money and complain when their charge cards finally come due, usually walking away from their obligations. Sad state of affairs that we got from the Shrubs or was that Bushes.

  7. Obama tries to stop the banks from giving record bonuses using taxpayer money, and Wall Street has a collective freakout.

    Wall Street can be so myopic. Things cannot keep going the way they were going under Bush. The banks require re-regulation, for the long-term health of the economy and Americans in general.

    Point closed.

  8. Conservatives are idiots. There, I said it. The Bush administration gave the banks 700 Billion dollars, Obama wants to get the rest of the money back from the banks and HE’s the bad guy. You guys should really stop teabagging each other so much; it’s affecting your ability to think.

  9. The Rasmussen Reports’ daily Presidential Tracking Poll for Friday, January 22, 2010 shows:

    • 25% of US voters strongly approve of the way that Barack Obama is performing his role as President

    • 43% strongly disapprove giving Obama a Presidential Approval Index rating of -18

    Rasmussen Reports job approval ratings are based upon a sample of likely voters. Some other firms base their approval ratings on samples of all adults. President Obama’s numbers are always several points higher in a poll of adults rather than likely voters.

    http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll

  10. Chicago Olympics? FAIL
    Copenhagen Climate Agreement? FAIL
    Improve U.S world standing via ass-kissing? FAIL
    Bipartisanship? FAIL
    Cap and Tax? FAIL
    U.S. Debt Reduction? FAIL
    Trying terrorists in civilian court? FAIL
    Economy? FAIL
    Decrease unemployment? FAIL
    General Motors? FAIL
    Prevent Terrorism? FAIL
    Health Care? FAIL
    Virginia? FAIL
    New Jersey? FAIL
    Massachusetts? FAIL

  11. Brain dead Obama administration, and their supporters, will NEVER own up to their mistakes Tiger Leopard.

    If you would bother to read and learn something, you might notice that the market is reacting to Obama’s attempt to destroy yet another piece of America.
    Just evil bankers in your mind?
    What’s the big deal?

    Sadly, I doubt anyone could explain it to you, but investors are realizing what damage may be coming if Americans can’t keep this worthless president in check.

  12. David B,

    I have no need for some misguided Robin Hood to be messing with my money. I want my money in the bank, that’s why I put it there. I don’t want a single penny more of it to be confiscated from me and handed over to welfare recipients, aka society’s worthless leeches.

  13. We can thank Obama and his Progressive-Democrats for his Big-Government Socialist Mentality for much of this.

    He cannot do his real job, he wants to continue his belief that Americans are too stupid to take care of themselves and that he knows better.

    Seems that 230+ years of building the most technological-advanced and generous Country in human history was done despite Socialism/Communism/Totalitarian. Maybe someone will educate him.

  14. Obama seen as anti-business by 77% of U.S. investors

    The global quarterly poll of investors and analysts who are Bloomberg subscribers finds that 77 percent of U.S. respondents believe Obama is too anti-business and four-out-of-five are only somewhat confident or not confident of his ability to handle a financial emergency.

    The poll also finds a decline in Obama’s overall favorability rating one year after taking office. He is viewed favorably by 27 percent of U.S. investors.

    One year after taking office, Obama is coping with a jobless rate hovering around 10 percent and a federal deficit that rose to $1.4 trillion last year. In response, he has proposed a fee on as many as 50 large financial firms and yesterday called for limiting the size and trading activities of financial institutions as a way to reduce risk-taking.

    http://news.yahoo.com/s/bloomberg/20100121/pl_bloomberg/a8uii1bcrdmy

  15. “Why are we seeing such a sell off after the big Republican win?”

    Because corporate America realizes that the Republicans have succeeded in destroying any hope of reigning in skyrocketing medical costs and insurance, the same skyrocketing costs that destroyed the American automobile industry (why did Daimler-Benz high-tail it out of here in the nick of time?), that destroyed American manufacturing, and is now sinking the entire country’s economic well-being.

    Republican stonewalling is the reason for Obama’s lack of success so far. The Republican mantra of “defeat Obama at all costs” is continuing Reagan and Bush’s destruction of this country–“Screw the country, the important thing is a Republican victory!” Yeah, as if the future of this country is a football game.

    Massachusetts teabaggers wanted to hand Obama a defeat at all costs, and now they’re reaping the Wall Street benefits…

  16. Well put Renaldo…

    I DID read the article OBF…but that’s just conjecture too. As if Reuters had some kind of ownership of the truth.

    While it’s true that one year in Obama has seen some significant attempts fail as so artfully listed by “welcome back Carter”
    two things are simply beyond argument so any rebuttal of these will only reveal a preconceived agenda or hatred or bigotry..but go ahead and try..

    1. The President (ANY President) is only responsible for so much in the course of the nation and this one has at least said HE’s responsible. But the truth is most events such as the stock market, the actions of other nations, natural disasters and other unforeseen events are NOT something a Chief Executive can do much about.

    2. Expecting something as massive as the United States in all it’s dimensions from Foreign Policy to Balance of Trade to Unemployment to Education to be completely transformed to your personal tastes is not only unlikely it’s insanity to expect it.
    You can certainly disagree with what you perceive to be the DIRECTION but remember politics is a temporal process and people’s feelings today could be instantly different tomorrow.
    The genius of the Constitution is that the President gets a four year term (not six like a Senator) so that person has TIME to make the changes, IF POSSIBLE, that they can make. All the backbiting, while understandably human, is just so much noise aside from the rather amorphous concept of “political capital”…

    Obama got the message from Massachusetts the other day…and the health care bill WAS terribly flawed and the deals made with senators unseemly at best. AND it was NOT a transparent process as he promised numerous times.

    It is the toughest job in the world folks. He’s going to screw up. Get used to it. We all lived with every President making mistakes…everyONE of them blew it…some worse than others. Obama may turn out to be terrible…but deciding that after one year is just not right.

  17. Republican leadership is the embodiment of the Tragedy of the Commons.

    http://en.wikipedia.org/wiki/Tragedy_of_the_commons

    The American people will continue to see their prospects diminished until someone gets the nerve to lead for the people. With the Supreme Court firmly Republican and the spineless Democratic majority in Congress under the control of the Republican minority, the people, as a group, are doomed. The corporate interests will try to mine us for what they can get, but they apparently missed kindergarten on the day they read “The Goose That Laid the Golden Egg”. After you kill the goose, the eggs stop coming.

  18. @ pr

    You exhibit a far higher level of nuance and objectivity than most here can get a grip on. You need to keep it to simple, 3 syllable chants like Drill Baby Drill if you want to reach the average Palin/Brown voter.

  19. Why are republicans whining? If they hadnt screwed up the economy by supporting greed and corruption and moral failures and war lues they would not have lost the WH. You want it back?well now you can buy it back according to the supreme court. Go for it.

  20. Bottom line is this:

    How is this Mac news?

    Oh, it isn’t just another excuse for a political rant. So many other people have hit the political nail on its head. Own up to your own responsibilities. You don’t want the government taking control but you blame the government whenever anything goes wrong. Where is your sense of responsibility. Crybabies, aren’t you. It’s your fault if you can’t pay your bills not the President. He doesn’t control the world. P.S. Congress makes the laws not the President.

    we can sidebar all day if you need a refresher course in politics kof4life@mac.com

  21. I’m still waiting for the right wing republican sissies to answer the very simple question Chris Matthews posed in the air about a week ago: what has the Republican party/ conservative movement done that was good for America in the last 20 years?

    (crickets chirping…)

  22. Renaldo and the rest of you fools:

    The Dems had a 60-vote Super Majority for an entire year. They could have done anything. They did nothing (luckily for the country).

    Republican stonewalling is most certainly NOT the reason for Obama’s unending string of embarrassing and incompetent failures.

  23. It is universally agreed that the current economic chaos was caused by the financial sector taking too many risks.

    The impact on people’s lives and savings has been huge.

    So the market reacting badly to Obama wanting to put some basic rules on how the financial sector does business really tells you that those who are calling the shots in the market don’t give a damn about economic stability. They only care about making a fast buck and screw the consequences.

  24. Jessica,
    I’m sure you mean well, you really do…and the fact that you care about the nation has value but to presume and CLAIM that nothing was done simply nonsense. The truly remarkable aspect of political discourse today is that so many take their existing beliefs and DON’T challenge them. If you had a bias before you listen to Keith Olberman or Sean Hannity and let them flame you up in the name of politics as entertainment. If you truly acted in an intelligent manner you would listen (as hard as it is) to both Rachel Maddow AND Rush Limbaugh….to Ann Coulter AND Randi Rhodes or at least pay attention to BOTH sides of the argument.

    As for some of the accomplishments of the current administration:

    – The Dow is UP 53% (from March 2009 lows) to– 10,172 today.

    – The Nasdaq is UP 70% (“).

    – In May, U.S. home prices rose for the first time in THREE YEARS.

    – In June, new home sales rose 11%.

    – New jobless claims in June 2009 were 522,000 – DOWN from 700,000 in January 2009.

    – Consumer prices down for the first time in 59 YEARS.

    – Sales of previously owned U.S. homes jumped 7.2 percent in July to mark the fastest sales pace in nearly two years, an August industry survey showed, in a strong sign that housing is pulling out of a three-year slump.

    -Council of Economic Advisors estimates that the stimulus package added 2.3 percentage points to real GDP growth in the second quarter of 2009 and will likely add more during the third.

    – In August, Industrial production rose 0.8 percent last month, the Federal Reserve said Wednesday, following a 1 percent rise in July. The July increase had been the first since October 2008, and the report is among the strongest evidence yet that the economy made a shift this summer from contraction to expansion, at least as measured by gross domestic product.

    – New jobless claims DROPPED AGAIN in August, and then in September.

    – The net worth of American households grew between April and July, the first quarterly gain in nearly two years, boosted largely by rising stock and home prices

    – The unemployment rates for Maryland and Virginia FELL in August for the second consecutive month… MD from 7.3% to 7.2% and VA from 6.9% to 6.5%…, according to government data released recently.

  25. @Ian:
    Newsflash: Icelandic banks failed and British banks failed. It’s called freedom, freedom to succeed and freedom to fail.

    From every perspective Nobama is a gigantic failure. Every time the complicit media lets him off the hook, and every time the zombie liberals buy it.

    Did you people read even ONE LINE of the legislation he is approving for ‘medical reform’???
    No, you didn’t. You let the CNN do your thinking for you.
    Ask anyone in England how socialized medicine is working out for them. I dare you.

  26. @Geeone… What has the Republican party/ conservative movement done that was good for America in the last 20 years?

    Other than attempt to prevent liberals from turning the United States in a socialist state, and making just as much of a mess of most things as the Democrats have… Not much.

  27. OK MDN

    Pull you head out your ideological rear.

    First the market would fly because of the “repudiation” of the Obama socialism by the entire US population as embodied by one vacant seat election and now it is tanking because Obama is laying the blame where it needs to be but the “nut job” (redundant phrase) right wing wants to blame only Obama…

    The economy is in the toilet because of a succession of regimes, but the ones who really caused the mess were the Bush Number 2 backers.

  28. @geeone…
    “what has the Republican party/ conservative movement done that was good for America in the last 20 years”

    keep the democrats from getting everything they want? ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

  29. The Dems had a 60-vote Super Majority for an entire year.

    I know facts and accuracy are anathema to those on the idiot fringe of the Gooper party, but the super-majority was only achieved when Al Franken was sworn in and took his seat on 7th July 2009.

    Also, this so-called super-majority has to be balanced against the “loyalty” or otherwise of Joseph Isadore Lieberman, whose intentions and support alter depending on whether his friends in the insurance industry have made their donation to his re-election fund.

  30. Democrats, Republicans who cares. And now since the supreme court made it legal to throw as much money at the political system, you can bet your blue collar working asses that you will not have a chance for a future.

    It’s not the republicans or democrats, it’s the corporations who influence both. Money buys influence people..

  31. You liberal-statist-commies are so far gone in fantasy land. Thankfully the vast majority of people who didn’t do their homework and voted for this jack ass of a president and commies in congress has woken up. 2010 and 2012 will be conservative landslides. Conservatives are the reason the US has such a high standard of living. Our poorest are much, much better off than the majority in the world. This didn’t happen through Marxist takeover and confiscation of wealth, private property, and rights. The day after a great victory for America with Scott Brown’s historic win, Maobama scares the crap out of the country with another threat of a takeover of the private sector. Barely less than half of the US was on to this guy and knew of all of his bad ties and friends and heroes. Saul Alinsky anyone??? Bill Ayers, Reverend Wrong????? If you look into what Maobama is all about than what he’s doing is no surprise. This new boogie man and threat this week is what is causing the market to crash. Liberal-Statist-Commie congress under Bush, way before and to this day, caused the economic melt down by forcing banks to make loans to people who couldn’t possibly pay them back. The banks never would have done this if the commies in government didn’t get involved and force them into it. Once in it the banks abused it. But they wouldn’t have if left to free market capitalism with the government forcing them to behave poorly. This is all about destroying the US and making it socialist and the next step communist. Read about Marx. He states that socialism is the step prior to communism. The Soviet Union collapsed because they ran out of money. Sound familiar to what Maobama and friends are doing???? You delusional drones will just start bashing Bush but no one with a brain cell falls for that anymore. FREEDOM from big government is the answer. Conservatism, Capitalism, the chance to be a self sufficient individual is the answer. Maobama has never had a real job in the private sector in his life. He has no respect for what makes this country great and why so many people come here. F off all you commies.

  32. etter off than the majority in the world. This didn’t happen through Marxist takeover and confiscation of wealth, private property, and rights. The day after a great victory for America with Scott Brown’s historic win, Maobama scares the crap out of the country with another threat of a takeover of the private sector. Barely less than half of the US was on to this guy and knew of all of his bad ties and friends and heroes. Saul Alinsky anyone??? Bill Ayers, Reverend Wrong????? If you look into what Maobama is all about than what he’s doing is no surprise. This new boogie man and threat this week is what is ca

  33. The supreme court did a wonderful thing. Prior to this only statist organizations could through money around during election time. They are statist corporations. Who do you think owns the statist media companies. Why is Acorn aloud to use our money to fix elections. Why do you statists hate corporations so much?

    Al Franken only got in through voter fraud in a very liberal state. He lost and then got the liberal judges and vote counters to through out military votes and other legal votes to barely give him victory. He stole that election. Everyone knows it.

  34. @pr You’re full of half truths. Soon unemployment will be at
    11% The Democrats are fighting and imploding within themselves without any help from the conservative side.
    The private sector competes from the top down…that’s life.
    Government evenly spreading wealth out among those who have not earned it is Socialism and history proves it doesn’t work and accountability is destroyed. If you can’t create a life, then you shouldn’t have the choice to take it. Most of all, we are weak and more vulnerable to the rest of the world than we ever have been. Obama is merely a figurehead, but the Democratic Majority, starting with Pelosi and Barney Frank, should be drop-kicked out the door. Obama could actually do something if he were in the middle, and now he is forced to step towards the middle at the displeasure of the true left-wing.
    For all those whining about the health care bill now…next up on the Democratic Majority agenda…abortion. Then, next up… Frank and Bob, and George and Harry, and Steve and Pete, and Mike and Nick. The issues now are the least of our worries…next up…Our American Holocaust and our American Sodom and Gomorra. Run for the hills.

  35. government didn’t get involved and force them into it. Once in it the banks abused it. But they wouldn’t have if left to free market capitalism with the government forcing them to behave poorly. This is all about destroying the US and making it socialist and the next step communist. Read about Marx. He states that socialism is the step prior to communism. The Soviet Union collapsed because they ran out of money. Sound familiar to what Maobama and friends are doing???? You delusional drones will just start bashing Bush but no one with a brain cell falls for that anymore. FREEDOM from big government is the answer. Conservatism, Capitalism, the chance to be a self sufficient individual is the answer. Maobama has never had a real job in the private sector in his life. He has no respect for what makes this country great and why so many people come

  36. ou’re full of half truths. Soon unemployment will be at
    11% The Democrats are fighting and imploding within themselves without any help from the conservative side.
    The private sector competes from the top down…that’s life.
    Government evenly spreading wealth out among those who have not earned it is Socialism and history proves it doesn’t work and accountability is destroyed. If you can’t create a life, then you shouldn’t have the choice to take it. Most of all, we are weak and more vulnerable to the rest of the world than we ever have been. Obama is merely a figurehead, but the Democratic Majority, starting with Pelosi and Barney Frank, should be drop-kicked out the door. Obama could actually do something if he were in the middle, and now he is forced to step towards the middle at the displeasure of the true left-wing.
    For all those whining about the health care bill now…next up on the Democratic Majority agenda…abortion. Then, next up… Frank and Bob, and George and Harry, and Steve and Pete, and Mike and Nick. The

  37. You liberal-statist-commies are so far gone in fantasy land. Thankfully the vast majority of people who didn’t do their homework and voted for this jack ass of a president and commies in congress has woken up. 2010 and 2012 will be conservative landslides. Conservatives are the reason the US has such a high standard of living. Our poorest are much, much better off than the majority in the world. This didn’t happen through Marxist takeover and confiscation of wealth, private property, and rights. The day after a great victory for America with Scott Brown’s historic win, Maobama scares the crap out of the country with another threat of a takeover of the private sector. Barely less than half of the US was on to this guy and knew of all of his bad ties and friends and heroes. Saul Alinsky anyone??? Bill Ayers, Reverend Wrong????? If you look into what Maobama is all about than what he’s doing is no surprise. This new boogie man and threat this week is what is causing the market to crash. Liberal-Statist-Commie congress under Bush, way before and to this day, caused the economic melt down by forcing banks to make loans to people who couldn’t possibly pay them back. The banks never would have done this if the commies in government didn’t get involved and force them into it. Once in it the banks abused it. But they wouldn’t have if left to free market capitalism with the government forcing them to behave poorly. This is all about destroying the US and making it socialist and the next step communist. Read about Marx. He states that socialism is the step prior to communism. The Soviet Union collapsed because they ran out of money. Sound familiar to what Maobama and friends are doing???? You delusional drones will just start bashing Bush but no one with a brain cell falls for that anymore. FREEDOM from big government is the answer. Conservatism, Capitalism, the chance to be a self sufficient individual is the answer. Maobama has never had a real job in the private sector in his life. He has no respect for what makes this country great and why so many people come here. F off all you

  38. Thank you, MDN for using Apple, Google, etc. as an excuse to post this polarizing POS to advance your conservative agenda and continuing to destroy this site, which is supposed to center around Apple and its products.

    No need to cuss out any other people than you- who insist upon continuing this BS.

    As far as I know, even ZuneTang sticks to technology, not politics.

    How stupid- but mostly, how arrogant!

  39. </i>”I don’t want a single penny more of it to be confiscated from me and handed over to welfare recipients, aka society’s worthless leeches.”</i>

    Me too! All my money, yours and everyone else’s went to bail out those damn Wall Street welfare queens and kings who tanked and took the economy with them. Where’s our bailout?

    Re: F off all you commies…next up…Our American Holocaust and our American Sodom and Gomorra…destroying the US and making it socialist and the next step communist.

    I remember when people could spell, and discuss issues they disagreed upon in a civil manner. The late William F. Buckley Jr. would spin in his grave if he read the shrill, screaming drivel spewed here by people who call themselves “conservatives.”

  40. Maobama…

    When you were at remedial school, do you remember anyone saying anything about paragraphs?

    I know it’s elitist to be able to express your thoughts using words, because – as Steve Lonegan (Senior Policy Director, “Americans for Prosperity” says – we cannot allow the pen to be mightier than the sword, but surely we can all get behind paragraphs ferchrissake.

    We could discuss the irony of a man making a speech inviting people to run him through with a rapier, but first I’d have to explain all kinds of concepts to you including, but not limited to, irony.

  41. Dear Spread the Wealth Baby:

    What the Supreme Court decision means is that Corporations can buy unlimited influence in elections. Most large U.S. corporations are transnational. Which means that they are not based in the united states, but they are a united states corporation. For instance, take Ford. They are a us corporation but are situated in countries all over the world.

    What this decision essentially means is that other countries now have undue influence in our elections and can buy off one candidate or another.

    And you can bet your stupid republican asses it won’t benefit you.

  42. I get less interested in coming to this site with each passing day. Why can’t people keep the politics out of this?

    It’s not like anyone’s mad rantings are actually gonna convince someone to reconsider their position…or do you think “Maobama” has actually stated his argument so eloquently that Obama supporters across the country are slapping their foreheads, thinking, “Wow, I can’t believe I voted for that guy! Thanks, ‘Maobama’ for helping me see the light!”

  43. It’s truly worth noting that

    Mac Daily News, VERY OFTEN, touts it’s conservative agenda by posting stories with that political bias. Yet none of you KNOW who owns the site, who runs it, or who makes money from it.
    Doesn’t it bother ANY of you that your political passions are being fanned by someone too cowardly to actually say who they are?
    There are plenty of other mac news sites that DON’T encourage people who post things like “Maobama” or “Shrub” as if that passed for intelligent discussion.

    The anonymous site host here is an asshole of epic proportions and he’s defecating on you.

  44. I just love the way all these liberals only find a retort to logic with emotion and name calling. What the Obamanation is doing is unconstitutional and Socialist. Look it up, I’ll wait

  45. @ GeeOne

    How about The Americans with Disabilities Act of 1990 signed by Bush 1 or The ADA Amendments Act of 2008 signed by Bush 2? You have anything against handicapped people? How about G.W.s Africa AIDS relief? You got something against AIDS victims? QUOTE: “I salute President Bush for his leadership in crafting a plan for AIDS relief in Africa and backing it up with funding dedicated to saving lives and preventing the spread of the disease.” President-elect Barack Obama. Bush wasn’t popular with the African American community but he was popular with Africans. As for all the liberals here. Bush got a bashing,, turn about is fair play.

  46. Democrats are idiots as well. Obama says one thing and does another like every other bought off politician. Patterns don’t lie..

    Corporations run this country, they have bought everyone off.

    Follow the money.

  47. There is a big difference between a Republican and a conservative – don’t lump them all together although sometimes they find themselves in the same camp.

    As for our current crisis, it was a liberal government that created a business climate that encouraged lending to unqualified individuals and the bank regulatory body was all too complicit to overlook these practices all in the name of the desire to spread the wealth around. Even usually law abiding citizens will speed behind a speeding cop car.

    So both sides are at fault. While some restructuring of what banks can and cannot do to avoid rampant speculation and unnecessary risk-taking is a good idea, penalizing them when they have paid back most, if not all the money it just plain dumb.

    Instead, why doesn’t Obama’s administration penalize GM, Fannie Mae and Freddie Mac who have sucked up billions and are still paying out big bonuses? Unions and campaign contributions.

    As they always say in politics – follow the money.

  48. Great, so the market has a 3-day correction to its overheated P/E ratios. Let’s all blame it on the president!!!

    you political mud-slingers are pathetic. There’s more than enough blame to go around both the corrupt D and R parties.

    If only the founding fathers had constitutionally banned political parties, gerrymandering, political action committees, and all private electioneering, then we might have a representative government that is comprised of intelligent qualified individuals who truly are there to represent the people of his district. Instead we have corruption written into law that protects the interest of 1) the political party, then 2) the corporate interests that funds the political party, and a distant 3) you.

    Until we correct this Constitutional oversight, then i guess the competent and fair-minded people amongst us will just have to put up with a regulatory process that is designed not to manage a stable economy, but to enrich the insiders on Wall Street and K Street.

  49. @PR
    I love you whoever you are.

    @ChrissyOne
    Will you marry me?

    @ Everyone
    I suggest we all sit down and smoke a big fattie to calm down.

    Life is too grand to get so riled up about politics.

  50. By the way, if we’re going to do market analysis, we might as well all look at the S&P;500 trend in perspective:

    From this point of view, if you want to attribute the market return completely to the POTUS, then Clinton looks like a stud, Bush 43 lost all market gains, first to the disaster of 2001, and then again in 2008 as a direct result of his fiscal mismanagement (it’s always all the POTUS’ fault, remember). And so far, Obama is rocking with a damn impressive recovery, up over 200% in the last year.

    Facts is facts — attribution thereof is political bullshit.

  51. MDN – you are a hit whore.

    Stay on target.

    Stay off politics. If the headline / article doesn’t have something directly to do with Apple, then leave it for the other forums.

  52. Obama in his speech today declared war on the banks and financial institutions and we wonder why the markets crashed the past two days and Apple lost 5% today alone and there is complaining regarding what this has to do with Apple?

    @ChrissyOne
    If you marry @Seaman Stain, would your wedding dress be blue?

    @Seaman Stain… Bill… Bill Clinton! How the heck are you and your current mistress? (thought I’d give Obama a break)

    I did find it very interesting that those complaining of the bitching of Obama had no problem with their political viewpoint rants from this MDN post…

    http://macdailynews.com/index.php/weblog/comments/11698/

    @ChrissyOne loved your comments!

    But it definitely proves that if given the chance, everyone here piping up about all the hatred towards Obama, have no propensity to let their feelings be known if they have the chance to slam a Republican or Conservative or Fox News! ” width=”19″ height=”19″ alt=”oh oh” style=”border:0;” />

  53. @ Rot’nApple

    Slam Obama all you want. There are plenty of great reasons to do so. Just make an intelligent argument – and so far, I haven’t read many in this thread beyond paranoid raving about Commies.

    In short, Don’t Be Stupid.

  54. Wow! There sure is an incredible amount of stupid being spouted on MDN today. A bunch of kiddies must have had a really bad bowl of Capn Crunch for breakfast and got their pampers all in a wad.

  55. The perception “Dems had a 60+ votes majority” is delusional. Nelson and Lieberman are not Democrats, even though Nelson purports to be one. Those two snakes will slither to whatever feeds their agenda.

    How is it Bush with a far smaller majority basically got anything he wanted??? If you can’t get anything done with a majority of 18+, then you ought to be in a different line of work.

  56. Those that blame Obama for market situation today are the same people that blamed democrats for any bad day in market during the Bush administration. It is actually very funny to watch the verbal pantomime on any bad day in markets. The same types pop all over with their “righteous” anger. If only Obama wasn’t president everything would be right – they say. It’s hilarious to watch. But the truth of the matter is that these people are clueless as far as investing goes. Stock market went up since Obama took the office. From March till 2 days ago. Where were you then? AAPL stock went from $90 to $210 under Obama. I didn’t hear you pop up here everyday celebrating the president.
    But of course the truth is that neither bad days nor good days are caused by one person. It’s hallmark of primitive behavior to blame someone else for bad financial choices. If you were so sure about how Obama was going to be bad for economy, why didn’t you short the market in January? What? Aha!

  57. C1!
    I thought you were saving yourself for Marvin Hamlisch!!!
    How the Hell are you going to divorce Jesus? Claim infidelity? Irreconcilable differences?

    It’s ‘until death do you part’….and even then he’ll be back in a few days.

    You’re screwed forever!

    Rot’nApple

    Thanks for the trip down memory lane.
    It was bitchin’!

  58. I have always kept any political opinions in check when viewing MDN. It is easy to see that it is operated by a group with right leaning tendencies and viewpoints.

    Still, I have enjoyed MDN despite the differences of political opinion. There was always the common ground of enjoying the products from Apple and learning more about one of most exciting companies to ever exist in the modern world.

    Honestly, MDN is losing me. As it is MDN’s right to blog about any story they wish, and it is my right to vote with my dollars. My options: not visiting this site and not to click through anymore of the paid advertising shown on MDN (In the past as a MDN reader, I have felt a responsibility to click through on products that interest me. After all, MDN does a good job and should be rewarded.)

    I ask MDN to stop baiting your right or progressive readers with charged stories or “MDN takes”. Apple and Mac stories are what you do best, but drawing the tenuous corelations of President Obama’s announced policies and Apple equity prices is reckless and baseless. This was an across the board equity sell off plain and simple and was not an Apple Computer focused financial event.

  59. I get this sense that the admins of this web site are posting news like this because it gets people riled up and they get a kick out of it. What does this have to do with Apple outside of their stock price????

  60. “If you voted for Obama, can you explain why? I never saw what you think you saw. I just saw a very inexperienced Liberal for whom I’d never cast a vote.”

    I really have one reason.

    a) He’s smarter than the other guy.
    b) John McCain
    c) Sarah Palin

    Half the country needs a lobotomy because they thought SP would be a great VP.

  61. Wow, this is the worst Mac site on the web! This is not even a Mac story. This is the reason why it’s no longer in my RSS feeds. I did forget to remove them from Twitter and came across this nuttiness.

    BTW, MDN, the reason the administration took this measure is because it’s what caused the housing crisis.

  62. @Stryfe – “BTW, MDN, the reason the administration took this measure is because it’s what caused the housing crisis.”

    Oh, and I thought if forced to point a finger at somebody, one would say the blame could fall equally onto three groups:

    1. The home buyers / borrowers who did not do enough research (blinded by the desire to own a home).

    2. The lenders who downplayed the risks of subprime ARM loans (blinded by greed). Fannie Mae / Freddie Mac…

    3. The federal government who looked the other way (blinded by all of those campaign contributions from the lenders). Barney Frank, Chris Dodd…

    Silly me… ” width=”19″ height=”19″ alt=”red face” style=”border:0;” />

  63. The point everyone is missing is that the fundamentals of the companies have not changed overnight. This is the best evidence of Big Wall street companies manipulating the market for personal reasons. They showed this week that they need tighter regulation and oversight since they have moved the market lower for emotional reasons not fundamental ones. This is a protest about their bonuses. Just think how many millions / billions have been lost over these childish companies temper tantrums. Did they think of the people living on their 401K and the loss of capital they just created because their billion dollar bonus is threatened? They are childish and need to be bitch slapped into reality.. I was a stock broker and I know the mentality of these greedy bastards…

    Lets get banks back to lending money to make money… not playing the market to make money and passing out big bonuses while the average person cant get a loan.

    2 cents deposited…..

  64. God I am starting to hate MDN. I miss reading news about my favorite liberal company started by two long haired techno-hippies in a liberal part of a liberal state. Currently run by a raging liberal, who put Al Gore on the board and spends about a quarter of a million dollars every year contributing to liberals like Nancy Pelosi.

    I like the regular articles where we all agree that the best run company in the world is run by a liberal.

  65. Hey, why don’t all you right-wing iPod lovers go crawl back under the Windows machine you came from. You media fed Limbaugh lovers got an iPod for Christmas one year from your mommy and now you’re all “Apple’s the best company in the world and Microsoft sucks!” since you turned 12 or old enough to have an opinion.

    If Steve Jobs were King, Limbaugh would not be allowed to use an Apple product. I’m quite sure Steve Jobs would be made sick by some of your opinions and I’m sure he hates the idea that people like you even have electricity.

  66. Anyone who prevents bankers gambling my money to make profits for their PERSONAL gain would get my vote.

    These bastards should be salaried staff. As soon as you put bonuses on the table you get risk & abuse because they stand to benefit directly.

    Let them gamble – but with money from punters who know that their value gan rise or sink.

  67. Conservatives skate to where the puck is, stating there is no conclusive evidence where the puck is going to be. Liberals want to skate to where the puck is, but the democratic party to which they belong can’t manage to get there.

  68. Obama is a fair-weather President. If everything is going good, he is doing good.
    If things are bad and there are problems then Obama is not the person running the country.

    Obama is the worst President at the worst time.

    Note to Obama: You are not the change we were hoping for.

  69. Yes, Obama is not perfect, but no one from us is perfect;
    it’s very hard to rule the country which is so big.

    Please, give him some time to get used to this job.

    And Obama is much better then his opponent, John McCain.
    I DO NOT WANT to be killed by atomic bomb, and you?

  70. The whole political system and world economy is so fsked up with greed, nobody can fix it…Democrat or Republican.

    We need to face reality, it won’t be long before the entire world is eating with chopsticks and speaking Chinese.

  71. MDN politics garners no intelligent Apple discussion whatsoever. Any future stories of related political nature should have the “Think before you click™” next to them. Hey MDN, you thought Dvorak was bad for click-baiting, eh.

  72. Is all America like this thread? Lord have mercy on our country if so!

    Why are all the posts so vitriolic?

    I consider myself a middle class American. I own a small business with 10 employees. I am not rich (that can be a relative term though). I want to be a productive and prosperous member of American society. I don’t mind helping people in need (and I often help local people-my customers).

    What I don’t want is someone making my business decisions for me. And, what people don’t realize is that if taxes or other costs of doing business increase I will lay people off or reduce their benefits. Large corporations do the same thing. I don’t care what tax is implemented-the average American worker will pay it. Business WILL pass the tax increase down to you or me.

    I feel the problem in America is larger than any President or political party. The problem is you and me. We all (collectively) are obsessed with greed and go-to-have-it-now mentality. Gone are the days of self-control and fiscal responsibility. We personally want things now and are not willing to work extra or be sacrificial in order to save up for the future. If that is not enough, we elect people who promise us all the roses we could want (healthcare, jobs, etc). What we don’t realize is that they come with a hook.

    The more you want from someone, the more they own you. Just ask any salesman.

    We have let the politicians (ALL of them) pull the wool over our eyes. They promise us things we all want (and things we didn’t know we wanted like Apple did with the iPhone and hopefully will do with the “iPad”) and in return we become BEHOLDEN to them. We need to let that go. Instead of us begging for them to do something for us, they need to be begging us for our support-knocking at our literal front door asking us for our favor. Compare politicians with charity fund raisers.

    What we need is several more strong political parties. That would offset the current pendulum swing that is too far one way or the other.

  73. KingMel and the rest of the Liberals:

    “Inexperienced liberal? And that’s worse than an ultra inexperienced, you betcha conservative? Small minds, small wonder.” – KingMel

    Typical Liberal. You can’t even figure out what you’re supposed to be comparing much less which option is the better choice.

    I’ll type slowly, so maybe you can understand:

    You’re comparing a presidential candidate on one side vs. a vice presidential candidate on the other. This sort of thing explains a lot. Small minds, small wonder.

    You people obviously need some help:

    Hint #1: It was Obama the inexperienced Liberal against McCain, the war hero Moderate with decades of experience.

    Hint #2: Palin had more executive experience than every candidate, presidential or vice-presidential, in the race.

    Hint #3: McCain was the far better choice. And guess what? He’s still quite alive and kicking, despite what the MSM told you to fear, and the U.S.A. would be much better off today with him as president.

    Hint #4: We don’t have time for the on-the-job training that Obama so desperately requires, not to mention yet another run of the failed ideas of big spending/big federal government. (For example: We wasted all of our money on your public housing projects, watched them fail miserably, and then paid to have them all knocked down once already. We don’t need to do it all over again.) Mr. Community Organizer obviously failed History 101, if he ever took the class at all.

    Hint #5: Greed is a natural human condition. Work with it for success. Work against it for failure.

    Hint #5: MacDailyNews didn’t write that article or the claims within it, Reuters did. Clues include the use of quotation marks and the link to the actual article.

    Hint #7: Read this New York Times’ article before you cast your next vote:

    Fannie Mae Eases Credit To Aid Mortgage Lending

    In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

    Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people.

    In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980’s.

    ”From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.”

    The New York Times, September 30, 1999:
    Fannie Mae Eases Credit To Aid Mortgage Lending

  74. Still have yet to see an intelligent argument. Not even getting warm. Is anyone even awake out there, or are you typing random characters in your sleep?

    For example:
    Hint #3: McCain was the far better choice.

    Based on…

    Look, you can’t just say “Because it’s just a fact you retarded commie.” You have to frame a position and back it up with data. Still haven’t seen any of that yet.

    I should have written in “Bag of Hammers”. <sigh>

    -c

  75. Yeah a one or two day sell off to insure we don’t have another MELTDOWN, where taxpayers pay out billions to bail out the crooked banks that republicans deregulated the help them steal from the American people, but yeh Obama sucks. U short sighted lollypop suckers r the reason gangsters like Cheney can get elected.

  76. “Look, you can’t just say “Because it’s just a fact you retarded commie.” You have to frame a position and back it up with data. Still haven’t seen any of that yet.

    I don’t understand it either. It’s as if they think just calling someone a commie, or retarded, or statist, or pick-your-epithet actually makes it so.

    Then there are folks like the self-labeled Superior Being, who specializes in setting up “straw man” arguments and knocking them down, carefully avoiding real issues.

    I’ll say it again, the late William F. Buckley Jr. would have destroyed these people in debate.

  77. ChrissyOne,

    McCain was the far better choice because he has decades of experience working at the highest levels of federal government vs. Obama’s very little to none and McCain’s beliefs much more closely match the majority of U.S. citizens’ beliefs as evidenced by any number of polls including, but not limited, to the data compiled in very recent one:

    Rasmussen Reports National Survey of 1,000 Likely Voters – January 6-7 and 10-11, 2010
    (Margin of Sampling Error, +/- 3 percentage points with a 95% level of confidence)

    Question posed: “I’m going to read you a short list of issues in the news. For each, please let me know which political party you trust more to handle that issue.”

    • Economy: Republicans 48%, Democrats 37%, Not sure 15%

    • National security and the War on Terror: Republicans 52%, Democrats 35%, Not sure 14%

    • War in Iraq: Republicans 49%, Democrats 34%, Not sure 17%

    • Immigration: Republicans 47%, Democrats 32%, Not sure 21%

    • Taxes: Republicans 47%, Democrats 38%, Not sure 15%

    • Health care: Republicans 46%, Democrats 43%, Not sure 11%

    • Abortion: Republicans 46%, Democrats 39%, Not sure 15%

    http://bit.ly/8Yb4un

    Now that we’ve covered Hint #3, care to take on the other 6 Hints I’ve given above?

  78. Furthermore, regarding Hint #3 above, I contend that the health care legislation we will finally get will look an quite a bit more like John McCain’s 2008 campaign proposal than anything Barack Obama was dreaming up.

    We could have saved a bunch of time and already had the legislation enacted had the voters used their heads (for a change) and simply elected McCain, who most can now plainly see was obviously the better choice.

    Instead we’ve already wasted a year, with much more waste and nonsense to sit through.

    McCain’s 2008 Health Care Proposal is here:
    http://www.health08.org/candidates/healthissues_mccain.pdf

    For many of you, it will be the first time you’ve seen it versus what the MSM told you to think about it.

    Hint #8: If you’re not well-versed on the issues, please do the country a favor and don’t bother voting next time. You’re wasting everyone’s time. Voting for government office holders shouldn’t be a popularity contest and should have nothing to do with who can read off the teleprompter better. Better to just limit your voting activity to texting American Idol.

  79. @ Superior Being

    Polls? Seriously? You simpering little rube. 10 percent of Americans don’t know Hawaii is a state. Polls mean absolutely fsck all.

    …AS YOU CLEARLY STATE:
    “This isn’t a popularity contest.”

    But okay, McCain was a War Hero and had Decades of Experience.

    Also true of John Kerry. And he managed to not get he dumb ass shot down and locked in a tiger cage.

    Would you have voted for him?

  80. Did you or did you not ask for me to “frame a position and back it up with data” regarding my “Hint #3?”

    I have done so – and quite convincingly – and your response is to call me a “simpering little rube?”

    Seriously?

    And then you clumsily attempt to change the subject to – of all things – John Kerry?

    Are you really that facile?

    And, no, I would not have voted for John Kerry, because I believe, unlike him (based upon his U.S. Senate voting record) in following the precepts laid out in The Tenth Amendment to the United States Constitution, not in attempting to thwart them for political gain.

    I want fewer people dependent on the government, not more. That’s why I did not vote for John Kerry.

  81. See, the argument goes like this:

    Polls show that most people like Republicans. Therefor they should lead.

    But if more people liked Republicans then why did more of them vote for a Democrat?

    Well, that’s because people are stupid and don’t know what’s good for them.

    Ah, I see. So, doesn’t that call the validity of the polls into question?

    What?

    I mean, if people don’t know what’s good for them, then why do you put any faith in what they say in polls?

    SHUT UP, COMMIE!!! I DRIVE A TRUCK!!!

    …right.

  82. Rush Liimbaugh, Mark Levin, Sean Hannity, Monica Crowly, etc. all hit the nail on the head over a year ago. You liberals are clueless. Glen Beck had a great, informative documentary on socialism on yesterday and it is prominently featured over at Fox News. You idiots have no idea what kind of hell you support. Clueless losers.

  83. I’ll take a pizza roll.

    I love them almost as much as I love reducing Liberals to the textual equivalent of sticking their fingers in their ears and loudly singing “La, la, la, I can’t hear you!”

  84. Well, here’s another poll from Fox News/Opinion Dynamics, conducted by telephone January 12-13, 2010. It shows President Obama’s approval hovering at about 50% and people are very concerned about the direction o the country, just as they have been in every poll.
    http://www.foxnews.com/projects/pdf/011410_Obamaapproval.pdf

    But the real reasons I picked this poll were (1)It’s from Fox so you can’t impeach it, and (2) It makes a good point about whether people overall think John McCain or even Hillary Clinton would have made a difference in fixing the economy. Answer? They don’t.

    12. If John McCain had become president, do you think he would be doing a better job, a worse job, or about the same kind of job as President Obama?
    Better Worse Same as (Don’t know)
    12-13 Jan 10 26% 40 27 7
    Democrats 5% 68 24 4
    Republicans 55% 9 29 7
    Independents 22% 39 30 9

    13. If Hillary Clinton had become president, do you think she would be doing a better job, a worse job, or about the same kind of job as President Obama?
    Better Worse Same as (Don’t know)
    12-13 Jan 10 25% 21 48 6
    Democrats 21% 18 57 4
    Republicans 29% 27 40 4
    Independents 27% 20 43 11

    BTW, the excellent pollster site 538.com says this about Rasmussen’s polls: “What Rasmussen has had is a “house effect”. So far in the 2010 cycle, their polling has consistently and predictably shown better results for Republican candidates than other polling firms have. But such house effects can emerge from legitimate differences of opinion about how to model the electorate.
    If you’re running a news organization and you tend to cite Rasmussen’s polls disproportionately, it probably means that you are biased — it does not necessarily mean that Rasmussen is biased.

  85. @ Superior Being

    “…almost as much as I love reducing Liberals to the textual equivalent of sticking their fingers in their ears and loudly singing “La, la, la, I can’t hear you!”

    Cool! When are you going to start doing that?

    My point, that you entirely missed above, is that just because someone is a War Hero with Decades of Experience, that doesn’t even necessarily qualify them to lead. Even in *your* mind.

    So come on, monkey. Reduce me.

  86. God, even as Obama won the election, I really wished that McCain had won so that the Republicans would have to fail to clean up the mess they made the previous 8 years and the spineless Democrats did not have to take the blame for 8 years of total FAIL.

    I really wanted the country to fall further to teach you Faux News believers a lesson. Guess I’ll have to wait a bit longer while we all swim in a pool of Glen Beck’s bile.

  87. Islandgirl,

    So, 53% overall, 29% of Democrats, 69% of Republicans, and 70% of Independents think that if John McCain had become president he would be doing the same or better than Obama.

    Thank you for helping me make my point even though I obviously don’t need any help.

  88. Well, sorry, the column spacing didn’t translate over.

    Anyway, here’s at take-away: overall, 40% of those surveyed thought John McCain would have been doing a worse job than Barack Obama, and 48% thought Hillary Clinton would have been doing about the same kind of job as Obama.

    I didn’t expect anyone in office to snap his or her fingers and fix the economy in 6 months.

  89. I love this logic!

    Most people THINK McCain would have made a better president. THEREFORE McCain would have been a better president.

    Why didn’t I see this before?!

    @ Superior Being

    100% of the people in my house think you should go make yourself some pizza rolls.

    JUMP MONKEY!!!!

  90. ChrissyOne,

    Your sad attempts to ignore any of the salient points made above by inventing inanities in order to try to belittle certain posters reeks of the despicable attacks on Sarah Palin. Such behavior isn’t helping your cause, whatever that may be, Tina Fey.

    Your fear is showing and it isn’t the least bit pretty.

    You’ve lost. Best to give up while you’re way, way behind.

    Superior Being is certainly aptly named, especially when compared to you.

  91. @Superior Being

    I could have “rigged” the numbers as you did by adding up dissimilar columns to get a larger total for a different effect, but that would be disingenuous and well, inaccurate.
    That’s not my goal here, or in life.

  92. The L.A. Times’ Nancy Cohen is convinced that the Democrats need not worry that 2010 may be a repeat of 1994, the year the Democrats lost 52 seats and I am finding myself agreeing with her, but for a different reason: It may be far worse. Scott Brown’s victory is a tsunami that could portend a shakeup in November of epic proportions. Forget 52 seats, there’s now a danger for the party in power that they could lose 75 or even 100 seats this fall. That may sound far-fetched, but no more far-fetched than a Republican state senator with a connection to the Tea Party movement winning Ted Kennedy’s Senate seat in Massachusetts.

    America remains a center-right country and President Obama misread the election results after 2008 as a mandate for turning the country leftward. He tried too hard, too fast to move the country where it wasn’t naturally inclined to go. His election was a cry for a change from the status quo. But it was not a desire for a massive ideological shift rather it was desire for a change in leadership. The electorate hoped it would get to competent leadership from the cool and reasonable Obama.

    If President Obama wanted to turn the country to the left, he should have done so in slow and measured steps, patiently leading the country in a direction that it consistently tells pollsters it isn’t naturally inclined toward. He could have accomplished this through the power of his substantial personality just as as Ronald Reagan did in 1980. Instead, with passage of a massive stimulus plan and health care legislation and key appointments that earned him the ire of the right, he has super-charged his opponents and alienated independents. And not only that, he has succeeded in making Scott Brown a household name.

    Now with a resounding victory by Brown, all bets are off for November and the normal historical patterns of losing 20 seats in the House and 3 to 4 seats in the Senate may give way to what may be an electoral bloodbath of a magnitude that has never been seen before in American politics.

  93. IIRC, when MK Gandhi visited the UK in the 1920s or 1930s, he was asked…

    “Tell me Mr. Gandhi, what do you think of Western Civilisation?”

    to which Gandhi replied

    “What do I think of Western Civilisation? I think it would be a good idea.”

    Which displays a remarkable prescience considering he hadn’t even encountered some of the posters on this site.

  94. F.
    “I can use my charm, good looks, and wit to get laid.”

    You made the mistake of posting your picture a few days ago.
    I’ll have to take your word on the wit and charm….

  95. Check out the Glenn Beck socialism documentary you British socialist-communist. It’s at Fox News and would give you a better perspective on your delusional world viewpoint.

    Surely to produce a serious political documentary, you need to be something that vaguely resembles a serious political journalist?

    As opposed to a DJ who is – by his own admission – an entertainer. And an ADHD sufferer with a history of substance abuse problems.

    That may be the norm for inspired amateur op-ed journalism at Fox, but – in the adult world – where real news networks don’t astroturf their own campaigns, don’t use producers to cheerlead the crowd and don’t deliberately seek to mislead viewers by intercutting footage to make events appear as if they are more well supported than they are in reality, that’s not a good advertisement for “truth and balance”.

    That said, I will tune in for the next part of “When Glen met Sarah”, because I don’t want to miss out when he starts sucking her toes on live TV. You definitely don’t get that sort of chemistry on real TV news shows.

    In closing, it’s interesting that you (and you alone) took offense to the quote from Gandhi. Sorry that got under your very thin skin so easily. Who knew that the neo-con(conservative/federate) constituency were such a bunch of girly-men?

    Toodle-pip, I’m going to go and polish my ferrets.

  96. Glenn Beck in his own words…

    I say on the air all time, ‘if you take what I say as gospel, you’re an idiot.

    Please tell me, does he really say that on the air all the time?

    If he doesn’t, then he’s a liar.

    And if he does…well, I guess that would make you an idiot.

  97. “‘if you take what I say as gospel, you’re an idiot.”

    I think you are misinterpreting what he means by that, which doesn’t help your argument.

    He is simply saying that you need to check for yourself any facts you hear from an opinionated news source.

    That would include him, Rush, Sean, Keith, Ed….and both political parties.

    Of course, that is what he means, but whether you choose to believe the intent or an alternate interpretation for arguments sake is up to each person.

  98. I had the unfortunate experience of seeing that picture of Faxwell too. God certainly hit him with the ugly stick. And the brain dead stick. Book smarts maybe, worldly smarts no way. If I were that ugly I would sit in a closet and read physics books all day too. Lucky for me the ladies seem to like me as much as I like them. Lots of fun for a (so I’ve been told – good looking) red blooded American male. That was, at least, until Maobama reared his fugly head. MTFCKER – You need to watch the documentary from Glenn. Your british commie so called mind (apologies to the conservatives in Great Britain) would have a chance at being educated. Unless maybe you agree with what Glenn is exposing and like being part of it.

  99. You know I’m sure once upon a time Faxwell the government union worker drone was someone’s cute little baby boy. Sad what a wrong turn he took to the dark side of a liberal-comm. Poor guy. Lost his hair and looks in the process. Wake up Faxwell and smell the fresh aroma of the wonderful coffee and capitalism and freedom of the US of A. We love our great country and will not let you drones destroy it. We rid ourselves of kings and royalty for a reason. We will keep it that way. Small government, capitalism, hard work, hard play, and loving every minute of it. Not loving you commies though…….

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  101. Tower Tone,

    Love your post but please don’t put Keith and Ed in the same sentence with Rush and Sean. And I wouldn’t leave Mark Levin out of any comments with Rush and Sean in them. Keith and Ed are two of the most disgusting, liars, say anything, would cheat to steal an election (ED), low life-dirt balls you could ever run into. Sick, sick people that hate their country and everyone who doesn’t agree with them. Everything else you say though is spectacular.

  102. Bob V
    Yeah, I used to could listen to Ed on the radio for awhile when he was being pragmatic, but seems he has given up on that, which is all the more reason Glenn said what he said, which, in a nutshell was, don’t believe any of the sh!t you see or hear from any one group, or you become part of the problem.

    Odd how that worked itself into the argument here…..

  103. Actually Faxwell you ugly drone troll I don’t trust the FDA or USDA. I don’t trust most medications or food from your traditional supermarkets. If you have to ask why you are as clueless as you look in that butt ugly picture you linked to. I don’t buy my cars based on anything the government puts out.

    I was friends with, before he passed away, one of the pioneers of privately launched satellites. He was not a drone freak like you and had more money than you could imagine. I have full respect for the climate scientists that expose the global warming hoax. I don’t trust the centers for disease control. Crazy liberals are pushing them to do all kinds of scary things to the US population under the pretense of “protecting” us poor little people that they hate so much and want to steal private property and rights from. Larger government full of massively unproductive union drones does not gain any conservative’s trust or respect. That being said there are great people working honestly for certain parts of the government. You are far from a gentleman and seem to have a problem with gay people. Any normal person wouldn’t come away thinking that Truth was gay. Your post screams of you being a closet gay and that you hate yourself and are projecting onto others your true feelings about yourself. I know lots of people that look great at 48. Judging from your picture you certainly don’ t fall into that category.

  104. No Maxwell you are a perfect example of what is wrong with the US and the rest of the world.

    Trying to force vaccinations on the public that have not been properly tested and god knows what has been inserted into them to control the birth rate or whatever. Look it up you liberal communists are big believers in this sort of tactic. Feeding cattle corn which they are not meant to eat and packing them in so closely that they live in very poor health on top of mountains of their own feces really contributes to healthy meat for consumption. (You look like you’ve had one too many cheeseburgers by the way). The list goes on and on about what the elite few liberal leaders want to do to us in the name of “protecting” us. As Maobama’s right hand man says, never waste a crisis……

    You mean like the studies that have been exposed as a complete fraud by the published private emails of these very scientists that you speak of. They were caught red handed trying to manipulate the data to prove their hoax so they can take over more of the private sector, take away more rights, and steal more private property. We have been experiencing global warming, thank god, since the last ice age. The sun is the major factor in our climate situation.

    You do have a problem with gays. Too late now to try to deny it. And that photo link that you posted is gross. Just like your world view. Jenny was very accurate in her depiction of you.

  105. Your blind trust that good intentions are only behind what goes on in all of these government interventions proves what a fool you are. There are all kinds of crazy calls from liberals with more than one child themselves saying people should only be aloud one child. There is so much deceit going on from the government it is out of control. They do not know what is best for us period. Leave the people alone to run their lives with as little intervention as possible. Things will work out enormously better for everyone.

    Climategate is a proven hoax designed to control the population and steal from them.

    Only an idiot would post his picture in an MDN forum.

    That link from Required Reading was aweseome.

  106. Freakswell says “They want the government to tell women that they can’t have abortions”. You have it completely backwards you jack ass. Prior to the federal government forcing states to have to let people have abortions it was up to each state to determine what was best for it’s people. Not the federal government you dumb ass. It reminds me of the tried and true list below:

    2009.10.06 Liberals vs.. Conservatives

    If a conservative doesn’t like guns, he doesn’t buy one.

    If a liberal doesn’t like guns, he wants all guns outlawed.

    If a conservative is a vegetarian, he doesn’t eat meat.

    If a liberal is a vegetarian, he wants all meat products banned for everyone.

    If a conservative sees a foreign threat, he thinks about how to defeat his enemy.

    A liberal wonders how to surrender gracefully and still look good.

    If a conservative is homosexual, he quietly leads his life.

    If a liberal is homosexual, he demands legislated respect.

    If a black man or Hispanic are conservative, they see themselves as independently successful.

    Their liberal counterparts see themselves as victims in need of government protection.

    If a conservative is down-and-out, he thinks about how to better his situation.

    A liberal wonders who is going to take care of him.

    If a conservative doesn’t like a talk show host, he switches channels.

    Liberals demand that those they don’t like be shut down.

    If a conservative is a non-believer, he doesn’t go to church.

    A liberal non-believer wants any mention of God and religion silenced. (Unless it’s a foreign religion, of course!)

    If a conservative decides he needs health care, he goes about shopping for it, or may choose a job that provides it.

    A liberal demands that the rest of us pay for his.

    If a conservative slips and falls in a store, he gets up, laughs, and is embarrassed.

    If a liberal slips and falls, he grabs his neck, moans like he’s in labor and then sues.

    If a conservative reads this, he’ll forward it so his friends can have a good laugh.

    A liberal will delete it because he’s “offended.”

  107. Freakswell,

    Everyone with any street smarts knows the USDA and FDA are corrupt, liberal organizations determined to strip all of us patriots of our rights and private property using any and all methods available to them. Haven’t you noticed how Maobama has only hooked up the organizations that support his corrupt destruction of the US of A. ONLY a drone like you would try to stick up for these corrupt bureaus. You probably love Manet Nonothingpalitano. The Tea Bag movement will bury you liberal scum in 2010 and 2012. You are such and “egg head” it’s sad. At least you know how to crunch numbers you nimrod.

  108. This one’s for you Freakswell:

    The Little Red Hen called all of her Democrat neighbors together and said, ‘If we plant this wheat, we shall have bread to eat. Who will help me plant it?’

    ‘Not I,’ said the cow.

    ‘Not I,’ said the duck.

    ‘Not I,’ said the pig.

    ‘Not I,’ said the goose.

    ‘Then I will do it by myself,’ said the little red hen, and so she did. The wheat grew very tall and ripened into golden grain.

    ‘Who will help me reap my wheat?’ asked the little red hen.

    ‘Not I,’ said the duck..

    ‘Out of my classification,’ said the pig.

    ‘I’d lose my seniority,’ said the cow.

    ‘I’d lose my unemployment compensation,’ said the goose.

    ‘Then I will do it by myself,’ s aid the little red hen, and so she did.

    At last it came time to bake the bread.

    ‘Who will help me bake the bread?’ asked the little red hen.

    ‘That would be overtime for me,’ said the cow.

    ‘I’d lose my welfare benefits,’ said the duck.

    ‘I’m a dropout and never learned how,’ said the pig.

    ‘If I’m to be the only helper, that’s discrimination,’ said the goose.

    ‘Then I will do it by myself,’ said the little red hen.

    She baked five loaves and held them up for all of her neighbors to see. They wanted some and, in fact, demanded a share. But the little red hen said, ‘No, I shall eat all five loaves.’

    ‘Excess profits!’ cried the cow. (Nancy Pelosi)

    ‘Capitalist leech!’ screamed the duck. (Barbara Boxer)

    ‘I demand equal rights!’ yelled the goose. (Jesse Jackson)

    The pig just grunted in disdain. (Ted Kennedy)

    And they all painted ‘Unfair!’ picket signs and marched around and around the little red hen, shouting obscenities.

    Then the farmer (Obama) came. He said to the little red hen,
    ‘You mustnot be so greedy.’

    ‘But I earned the bread,’ said the little red hen.

    ‘Exactly,’ said Barack the farmer. ‘That is what makes our free enterprise system so wonderful. Anyone in the barnyard can earn as much as he wants. But under our modern government regulations, the productive workers must divide the fruits of their labor with those who are lazy and idle.’

    And they all lived happily ever after, including the little red hen, who smiled and clucked, ‘I am grateful, for now I truly understand.’

    But her neighbors became quite disappointed in her. She never again baked bread because she joined the ‘party’ and got her bread free. And all the Democrats smiled. ‘Fairness’ had been established.

    Individual initiative had died, but nobody noticed; perhaps no one cared…so long as there was free bread that ‘the rich’ were paying for.

    EPILOGUE

    Bill Clinton is getting $12 million for his memoirs.

    Hillary got $8 million for hers.

    That’s $20 million for the memories from two people, who for eight years, repeatedly testified, under oath, that they couldn’t remember anything.

    IS THIS A GREAT BARNYARD OR WHAT?

  109. David Brooks a conservative???? Why because the NY Slimes says so. Give me a break. The guy is left wing loon. Not even close to a conservative. Quoting the NY Slimes is not something will win you points Freakswell.

  110. F. Maxwell…

    Never try to teach a pig to sing.

    It is a waste of your time, energy and talent.

    And it annoys the pig.

    Most of the people you’re arguing with only believe in democracy if it delivers the result with which they agree: they want an America where only the GOP wins elections and – even more specifically – their extreme wing of the GOP.

    There simply are no other valid opinions, there can be no compromise, you’re either for them or against them.

  111. except you have it exactly backwards you british commie you. no offense to the wonderful british conservatives. we have many here in the USA who hate what Maobama is trying to do and left Great Britain to get away from this very behavior.

  112. @Hank

    “It will be very enjoyable watching a repeat of Tedd Kennedy’s seat loss happen all over the place this fall and in 2012.”

    There were people happy when segregationist candidates were elected to office. There were people who were happy when former KKK Grand Dragon David Duke was elected to office. There will always be evil people, like you, who are happy to see other evil people elected to office.

  113. No, no, no Freakswell. You have it all wrong. You see it’s you liberal-comms that want to destroy the US and put us all on collective farms with little brown uniforms begging for the scraps that our new dear leaders will hand out to us. You are the truly evil ones that lie, cheat, and steal to get your way. Put the slide rule away egg head and use some of those brain cells you think you have.

  114. F. Maxwell…

    I suppose I could take comfort from the fact that it knows it’s a pig.

    Let it wallow in the shit of its own ignorance.

    Also, can I point out that – as I write this – AAPL is back to 204.09: presumably that’s the influence of Scott Brown as the least senior member of one of the three co-equal branches of government.

    Interesting that I – as a Brit – understand that there are three co-equal branches: as opposed to former Vice-President (and shooting enthusiast) Richard Cheney, who believed that he was his own branch of government.

    Still, his understanding of the US Constitution (and international law for that matter) was probably gained from the same correspondence school as most of the porcine dittoheads that hang around here.

  115. No, no, no Freakswell. You have it all wrong.

    So, it’s true.

    They are the party of No.

    And they think that if you say it three times in succession – presumably accompanied by some strange OCD ritual, like clicking their shoes together – it makes the following statement valid.

  116. Conservatives are the party of individualism and protecting the USA. We will vote your commie asses out. Liberals are Marxists. Marxists call for killing 10% of the population to get their way.

    It was actually the liberals that fought to suppress women’s and black votes. Conservatives were all for them having full rights. Who taught you history jack ass?

    What happened to all of the CSPAN transparency of the health fraud talks???

    Why is it ok for Fannie and Freddie execs to get huge bonuses.

    Why is the Maobama administration loaded with people who list Mao Tse Tung as their hero along with Che and Castro?????? How many people did those liberals kill to get their way.

    You and freakswell are sick people. You have an incredibly warped sense of history and reality.

  117. Marxists call for killing 10% of the population to get their way.

    Remind me, when the Tea Party rabble-rousers were disrupting various town hall meetings last year, which side were the ones strapping guns to their legs and why would they do that?

    And which conservative activist recently said “we cannot allow the pen to become mightier than the sword”?

    Also, during the 2008 election season, I don’t recall any of the Obama/Biden rallies being marred by members of the crowd yelling “Kill him”, unlike at McCain/Palin rallies.

    Thanks for playing. Have a cookie.

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