Comments about ‘Stocks tumble on worries about jobs, European debt’

If you don't have a job and you voted for Obama, I don't feel all that sad for you. You should have done your homework better. Now, you are paying the price for a terrible mistake.

Next time, vote pro-business, not pro-socialism.

WE CAN BELIEVE IN...
Dow Jones fact: 14,100+ during Bush reign. I hope everyone enjoys the new change, while chanting "YES WE CAN".

yes, I remember when my 401k account ballooned to the maximum a few years ago. I regret not cashing out back then. Obama did promise if the stimulus passed, unemployment wouldn't rise above 8%. How could a genius get it wrong?

When housing was surging everyone knew it was going to burst. We didn't know exactly when. When the democrats took power over Washington, everyone knew unemployment would rise and the stocks would fall. We just didn't know exactly when. It's just old fashion common sense, something that has eluded our leaders.

@Change: How about taking a look at what the Dow was at when Bush took over and what it was when he left office. Since you seem to want to state "facts," I'll give you a few to ponder:

Fact: When Clinton took office, the dow was around 3300; when he left office, it was around 10,600 (dropped about 1,000 point from the end of Dec. 09 to when Bush took office), with a positive gain of 7300 points.

Fact: When Bush took office, the dow was around 10,600 (reaching a high of 14,000 in July '07, for a positive gain of 3400), and when he left office it was around 8,000, for a negative gain of 2,600.

Fact: When Obama took office, the dow was around 8,000, and as of today is around 10,000, for a positive gain of 2,000.

Fact: Clinton's gain in 8 years: 7300
Fact: Bush's gain in 8 years: minus 2,600
Fact: Obama's gain in 1 year: 2,000.

Go figure!

I'll buy into your "Facts" when in 8 years we can see a growth trend and positive economic indicators as a result of Obama's policies.

The facts remain that we are spending at unprecedented rates, expanding our budgets with the largest increases in generations, sufferring with worsening unemployment and under-mining the value of our dollars.

Your facts are cherry picked and snapshot at best. If Bush had left office 12 months earlier (after the dems took control of the house and senate),your "Facts" would look much different.

When Pres. Obama was elected, I prayed that somehow I (and many other conservatives) would be wrong about him and that he could truly usher in the age of gold he promised. Sadly, I wasn't wrong, and I am not holding my breath for any sanity out of Washington soon. I can only sit back and watch as my retirement melts away and hope I can overcome age descrimination and high unemployment and get back into the work force to support my wife and I.

Hope and change are mostly what I have left...and I am running out of change.

My husband has been unemployed for 4 months and has sent out close to 1000 applications/resumes for jobs. The past 2 months he has had 2 calls and neither one panned out. There isn't much job creation in this country and layoffs continue to happen. While our President was worried about healthcare, our job situation continues to stall. I didn't see alot of job creation with the stimulus money and I don't see alot of prospects for the unemployed. What will people do when all the long term unemployed lose their unemployment benefits? How will people live? I am lucky I am a healthcare worker and have a good job but not all people are so lucky. We need someone to start getting this economy going and I doubt our congress and president will be able to get along and do the right thing and get rid of all the pork. They are worse than a bunch of kids who can't get along!

When it looked like Obama was going to be elected, we and a lot of others took our money out of the stock market because of the socialistic things that he said in his speeches. Some people can read the tea leaves, or see the writing on the wall so to speak. We didn't lose half our investments like a lot of people. He can't blame this recession on Bush...it all happened out of fear of what Obama said he was going to "change". Now after a year of terror, (ie what terrible news am I going to wake up to today?) we are trying to keep one step ahead of Obama's agenda...financially that is.

Maybe Pres. Hinckley was right when he said to get out of debt and put in some food reserves...he said something about storm clouds. Seems like anything could happen at anytime...unexpected things.

This is all Bush's fault, right?

How lucky can America be,
they elected little ol' me,
Like the fella once said,
Ain't That a Kick in the Fed?
Your future was completely black,
'til you hugged me and I hugged you back.
Like Soros said quote,
Don't that make your interest rate float?
Your head keeps spinning;
You go to sleep and keep grinning;
If this is just the beginning,
Your life's gonna be beautiful.
I've stimulus enough to spread;
It's like the fella said,
Tell me quick, Ain't love like a kick in the Fed?

Ain't thaaaat... a kick in the Fehhhhd!

Yeah!

There is a drop in unemployment(now 9.7% from 10.4%) Unfortunantely it is not in every sector.GDP is up 3%. We seem to expect a quick fix without grasping an understanding as to how deplorable the economic situation was right before Obama took office.