Obama Is Giddy That Insurance Industry Stock Is Dropping

Has America ever had such an anti-capitalist leader?

This was just sick.

Obama got excited talking about the drop in health insurance stocks.

U.S. President Barack Obama said on Thursday that the drop in the health insurance stocks this week was a sign the industry has become nervous that a healthcare reform bill may pass.

“This is when the insurance companies are really going to start gearing up,” Obama told a town-hall event in New Orleans. “Their stock went down when the Senate Finance Committee voted out that bill. Now they’re getting nervous and, by they way, they have been wildly profitable over the last decade.”

#1 October 18, 2009 at 7:37 pm
Sasja commented:

Apparently Obama doesn’t give a whit about the shareholders either and why should he. He is all about leveling the playing field by making as many people ‘poor’ as he can thereby creating a larger dependent class. We should all be like the folks in New Orleans. Unable to take care of our problems without looking to DC for help.
#2 October 18, 2009 at 7:37 pm
Joanne commented:

Yah, it is time those buggers started losing their shirts! …..being sarcastic of course…. nobody would want a business to actually make money now would they…..that would be so anti-socialism.
#3 October 18, 2009 at 7:41 pm
Skinner commented:

Obama’s shareholders are his union buddies.

The end result of his Obamacare is UNIONIZED HEALTHCARE WORKERS.

.
#4 October 18, 2009 at 7:45 pm
Espresso Logic - The 6th Sense commented:

Ovomit can take a flying f*ck on a rolling donut.

#5 October 18, 2009 at 7:54 pm
Make it Happen commented:

Has America ever had such an anti-capitalist leader?

No. Obama is a marxist whose public ambition is only tempered by the political reality that in order to get his agenda past the American people, he must (1) dress his marxist ideals up in fancy rhetoric, (2) take small steps at a time, and (3) destroy his political opponents.

Frankly, he’s the most dangerous man on the planet right now.
#6 October 18, 2009 at 8:12 pm
Stephen commented:

Obama seems to have taken some scary pieces of advice from Hitler and Stalin:

“By the skillful and sustained use of propaganda, one can make a people see even heaven as hell or an extremely wretched life as paradise.”–Hitler

“He alone, who owns the youth, gains the future.”–Hitler

“How fortunate for governments that the people they administer don’t think.”–Hitler

“If you tell a big enough lie and tell it frequently enough, it will be believed.”–Hitler

“The leader of genius must have the ability to make different opponents appear as if they belonged to one category.”–Hitler

“Education is a weapon whose effects depend on who holds it in his hands and at whom it is aimed.”–Stalin

“Ideas are more powerful than guns. We would not let our enemies have guns, why should we let them have ideas.”–Stalin

“It is enough that the people know there was an election. The people who cast the votes decide nothing. The people who count the votes decide everything.”–Stalin

Just me or do those quotes make you think of ‘blame Bush’ for everything, the left-wing ‘educational’ institutions, the war on Fox and all other ‘dissent,’ voter fraud, claiming 48,000,000 uninsured when 15,000,000 is the reality, the list goes on…..
#7 October 18, 2009 at 8:16 pm
President Mop commented:

Is this really a surprise? It wasn’t too long ago zero was claiming doctors were removing tonsils and amputating feet unnecessarily to make bank.
#8 October 18, 2009 at 8:23 pm
Crater commented:

All those insurance companies that decided to go in the tank for Obama must be scared to death wondering just what he will do to them once most insurance companies go belly up.
They saw him screw over everyone else even when they went along with him. They too will get screwed. Sucking up right now doesn’t matter. Once he has you, he can demand ANYTHING.

Let him try and enforce the anti-trust. It screws the companies that are in the tank for him just as much as those that aren’t
#9 October 18, 2009 at 8:23 pm
jenny commented:

I’m giddy that Obama is TANKING!!
#10 October 18, 2009 at 8:25 pm
jas commented:

I thought Oblame-all was too busy to bother with what the market thinks.
#11 October 18, 2009 at 8:25 pm
Crater commented:

Alinsky rule #4. Give the perception of winning regardless of how bad the reality is. He’s desperate and resorted to blatently obvious lies, bullying and everything else you can think of.

The American people can see that very easily
#13 October 18, 2009 at 8:53 pm
spayandneuter commented:

They are not all tanking, but in IMHO, they are worrying about changes in regulations and de-regulations that would make them have to be more competitive.

http://moneycentral.msn.com/investor/StockRating/srstopstocksresults.asp?Category=Sector&Choice=2
#14 October 18, 2009 at 9:03 pm
JKB commented:

First off, a declining stock price does not indicate the industry is nervous, nor does it indicate a feared profitability change, in this case.

Rather it indicates that investors are nervous that the hostile, socialist government of Obama and the Dems is going to take retaliatory action against successful American companies that will damage their ability to continue as going concerns. What Obama fails to realize that this will impact the broader market dampening hiring and investment in growth. Nice way to keep the recession/depression going.

Worst president ever in regards to economics or even basic financial knowledge. Can we start referring to him as President Dumb Ass, yet?
#15 October 18, 2009 at 9:06 pm
Hypogean commented:

Now they’re getting nervous and, by they way, they have been wildly profitable over the last decade.

How horrible that American corporations should be profitable! Appalling that shareholders should make money to improve their standards of living. Ghastly that corporations should provide jobs.

The country would be much better off with corporations that were not profitable and didn’t hire people, I guess.
#16 October 18, 2009 at 9:07 pm
CDR M commented:

It’ll be interesting to see how many Obama supporters don’t know they have investments in these insurance companies that their President is so giddy over having drop in value. Bad enough bad government intervention via the CRA collapsed the real estate market. Wait until the 401K’s get taxed and other “taxes” start hitting everyday people. Then the real fun begins.
#17 October 18, 2009 at 9:27 pm
kathie commented:

I’m willing to suffer any pain…..let’s go John Galt.
#18 October 18, 2009 at 9:27 pm
serpent commented:

Profitable?? How dare they!
#19 October 18, 2009 at 9:31 pm
Alana commented:

I love your new website, Jim!

As for this, seems to me that *being Obama* has been wildly profitable over the past decade, with endless profits to come.

I’d like to put a stop to that. Along with the dates in NYC and Chicago, the $500 tennis shoes, the fancy vacations, the shopping trips in Europe, and all the rest.

The unfortunate aspect about all this is many people don’t realize that profits = more return on investments (for us little people and our retirement investments, for instance) and more jobs.

I sometimes think the people who don’t realize that have very little money, and haven’t invested in anything, not even for their retirement.

As for the jobs, they either haven’t made the connection, or they believe in some weird world we don’t really live in. Or – they hate companies more than they like their own jobs. Or – they feel all jobs should come from the government.

Hard to know, but I do know lots of people who cheer when companies and their investors lose money and lose the ability to grow and hire.

Obama, of course, being one of them.
#20 October 18, 2009 at 10:21 pm
Limousine Liberals Stink commented:

0bama:

“Of course I am happy that insurance company stocks are falling. Insurance companies compete with 0bamaCare. Insurance companies suck!”

“I don’t care if I have to wreck the entire American economy to pass 0bamaCare. I don’t care if the dollar drops to one Mexican Peso. I’ll even take down my pants and crap on the Oval Office carpet to get 0bamaCare passed.”

“Let’s face it. America sucks! I have apologized to every Dictator across the world who would listen to me. America; its stinking companies and crappy troops suck!”

“Now, my limousine is running and I have a meeting with SEIU. No, I will not be joining 0bamaCare. It’s for the stinking Taxpayers. I am not a taxpayer. I leach off of those stinking people. I cannot answer any more questions. Good Day.”
#21 October 19, 2009 at 12:15 am
Freddy commented:

Creating fear in the marketplace has clearly become Obama’s weapon of choice.

As Obama’s hatred of all private companies moves from one business sector to the next, what will be left?
#22 October 19, 2009 at 1:03 am
Brian Smaller commented:

Obama knows something though that has happened in countries such as New Zealand. If you make enough of the people dependent on the government for all or part of their income, no party will ever cut the welfare for fear of an electoral backlash. It will take a very brave Republican leader to cut all of Obama’s welfare spending once it is all in place.
#23 October 19, 2009 at 1:21 am
Hypogean commented:

Brian Smaller
October 19th, 2009 | 1:03 am

Obama knows something though that has happened in countries such as New Zealand. If you make enough of the people dependent on the government for all or part of their income, no party will ever cut the welfare for fear of an electoral backlash. It will take a very brave Republican leader to cut all of Obama’s welfare spending once it is all in place.

The U.S. is not New Zealand. The polls show that the more Obama spends, the less popular he becomes. When he spends almost a trillion dollars next year to buy votes, I predict it will backfire. Besides, the people who elected him in 2008 are already telling pollsters that they don’t care anymore. They’re not expected to vote in large numbers in 2010.

Conservatives and right-leaning independents, on the other hand, are champing at the bit and are expected to turn out in huge numbers.

Oh, and the GOP cut welfare dramatically in 1994 and stayed in power until 2006.
#24 October 19, 2009 at 5:43 am
squeaky commented:

from radioviceonline – and how many jobs in
the insurance industry are threaten.
http://radioviceonline.com/obama-threats-devalue-health-care-industry-insurance-stocks/
#25 October 19, 2009 at 5:50 am
eaglewingz08 commented:

If by wildly profitable you mean 3 percent profits, I guess that’s someone’s alternative bizarro universe definition of ‘profitable’. Mr. Obama believes profits are bad, sounds like he would make a fine President for Cuba or Venezuela.
#26 October 19, 2009 at 6:06 am
squeaky commented:

from free republic – lloyd marcus at american
thinker…..
http://www.americanthinker.com/2009/10/kenny_and_the_american_way.html
#27 October 19, 2009 at 6:58 am
GrayRider commented:

Just more proof that liberalsim is a severe mental derangement disorder leading to a persistent vegetative state.
#28 October 19, 2009 at 8:48 am
ghHorse commented:

Our asshat president wants to destroy the free market system and replace it with Maoism.
#30 October 19, 2009 at 10:30 am
Solaratov commented:

Worst president ever in regards to economics or even basic financial knowledge. Can we start referring to him as President Dumb Ass, yet?

I believe that quite a few of us have been referring to him as that (or similar) for almost a year now.