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Since the beginning of 2007,

Discussion in 'Off Topic Threads' started by JBrooks, Mar 1, 2009.

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  1. JBrooks

    JBrooks TS Member

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    A share of Citigroup Inc. which cost $55.66 at the beginning of 2007, now costs $2.60. ATM fees can total $3 or more for using an out-of-network bank card.

    Since the start of 2007, shares in companies from every sector have been hit.

    General Motors shares have fallen from $30.30 to $2.22, less than the cost of a standard spark plug (about $3.79).

    New York Times Co. shares have fallen from $24.27 to $3.95, cheaper than the $4 cost of its Sunday edition.

    General Electric Co. shares fell from $30.30 to $9.08, cheaper than a GE two-slice bagel toaster at Wal-Mart, selling Tuesday on the clearance rack for $12.

    Office Depot is down from $38.27 to $1.26, less than a 12-pack of medium point Papermate BallPoint Stick Pens which runs $1.89.

    US Airways has fallen from $53.89 to $3.66, less than the current $4 cost of two in-flight coffees."

    From an AP story by Mark Williams. What Mark fails to mention is that since the beginning of 2007 the Democrats have controlled Congress and now the White House.

    Democrats: Taking from the workers and giving to the bums.
     
  2. shot410ga

    shot410ga Well-Known Member

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    If you've got some guts, as well as extra cash, now is the time to buy..........
     
  3. JBrooks

    JBrooks TS Member

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    Comment from the Wall street Journal:

    "As 2009 opened, three weeks before Barack Obama took office, the Dow Jones Industrial Average closed at 9034 on January 2, its highest level since the autumn panic. Yesterday the Dow fell another 4.24% to 6763, for an overall decline of 25% in two months and to its lowest level since 1997. The dismaying message here is that President Obama's policies have become part of the economy's problem.

    Americans have welcomed the Obama era in the same spirit of hope the President campaigned on. But after five weeks in office, it's become clear that Mr. Obama's policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery. From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence -- and thus a longer period of recession or subpar growth."
     
  4. JBrooks

    JBrooks TS Member

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    Hope and Change.
     
  5. Jeff P

    Jeff P Well-Known Member

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    Oh, well...I wasn't going to mind working until I was 114 anyway.

    JBrooks, I'm with ya.
     
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