Markets Cave After ‘Obamacare’ Ruling
- Posted on June 28, 2012 at 1:39pm by
Becket Adams
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Markets are getting hammered:
▼ Dow: -1.11 percent
▼ Nasdaq: -1.67 percent
▼ S&P: -1.11 percent
NEW YORK (The Blaze/AP) — Stocks dropped sharply Thursday after the Supreme Court upheld the central provision of President Barack Obama’s health care overhaul, a requirement that almost all Americans carry health insurance.
The Dow Jones industrial average, which was down about 100 points before the court ruled, fell further and was down 160 points at 11 a.m. EDT.
Dow Jones as of 1:30 EST
Health care stocks were down significantly, but bank stocks were the biggest losers in the broader market.
JPMorgan fell the most of the 30 stocks in the Dow average after the New York Times reported that its loss from a complex trade that went wrong could swell to $9 billion, much larger than the bank has acknowledged. The bank had said previously the loss was $2 billion but could get larger. JPMorgan lost $1.10, or 3 percent, to $35.69.
Stocks of major insurance companies fell sharply as analysts sorted through the ruling. UnitedHealth Group declined 3 percent, WellPoint almost 6 percent and AFLAC 1.5 percent.
Hospital chains rose. Hospital Corp. of America was up 7 percent. Quest Diagnostics, which runs laboratories, was up 2.5 percent.
Furthermore, there was little for investors to like in new reports on the U.S. economy.
The U.S. economy grew at an annual rate of just 1.9 percent in the January-March quarter, according to a new government estimate. Consumer spending, which accounts for a huge part of the economy, grew 2.5 percent, below the previous 2.7 percent estimate. The four-week average of applications for unemployment benefits didn’t decline, a sign that layoffs aren’t easing.
S&P 500 as of 1:30 EST
In other trading, the Standard & Poor’s 500 index fell 17 points, or 1.3 percent, to 1,314 and the technology Nasdaq composite index was off 47 points at 2,828. That’s a loss of 1.6 percent.
Nasdaq as of 1:30 EST
The Associated Press contributed to this report.
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Comments (107)
marcus_arealius
Posted on June 28, 2012 at 3:21pmIt can only get worse. There is no ‘UP’. I predicted (guessed actually) this last night 6/27 before going to bed. I woke up to a nightmare,, er.. make that an intensification of an existing nightmare. The only consolation I feel now is that there are 300+ million other victims of this POS government. The really sick part is that the part of the population that supports this will be eventually the true victims. So you may get health care.. But you have no job, entitlements have run out, cities are bankrupting, and there is no land for you to homestead to grown your own food. In other words millions are screwed. I would prefer to be back in the early 1800s and a life expectancy of 40, which means I’d already be at peace in the grave.
Report Post »lapitup
Posted on June 28, 2012 at 4:39pmI hope every conservative shuts down there business. Socialists want to wage war on America. Let’s see how they do it with no income. Show all the democrats what they have done. I just saw on TV Home Depot will shut down if Obama gets voted in again, they can’t remain in Business. I hope every other conservative company follows suit. Let’s see this unemployment rate rise to 50+ percent. I say let’s stick it to them. Another thing I won’t “WORK” I already only have a part time job (ALL I CAN FIND) and I live in Utah. So if the government wants to take care of me so bad, I’m gonna let them. I will not work for 2 weeks to pull a measly 800.00 a month and have to turn around and spend 400 of that on insurance. I WON”T do it. So let’s see how much money the government has.
I say every conservative pull out from whatever they are doing. Business, Blogging, News. “EVERTYTHING” and just stick it to Obama and his commie buddies. Another thing I am going to vote Obama in 2012. Because I want “EVERY” DEMOCRATE to feel my pain, and they obviously don’t feel it yet. I have been called every name in the book, I don’t care anymore. For those who say it is un-American I contend there is no more America. The only America that is left is in our hearts.
Report Post »davemyers
Posted on June 28, 2012 at 5:54pmThis comment is for lapitup…. so you’re a republican , you’re conservative , you’re for low taxes on businesses, few social programs , at least until you need one. And when‘s the last time that we as american citizen’s have had any kind of a universal health plan?? Right, never. Going to the doctor is pricey, and as I get closer to retirement age I suspect that I will be needing to make a visit more frequently(that is generally a part of aging) . Maybe this isn’t perfect, but it’s a start , and it’s a hell of a lot better than any other president has done.
Report Post »goldmankc
Posted on June 28, 2012 at 6:20pmi hope it goes all the way to the bottom, like an addict, america must hit absolute bottom before it will wake up and make the necessary changes to charge back to the top and right this sinking republic.
Report Post »today was a great magical feat performed by those in charge, the left is angry about eric holder being held in contempt, and the right is angry about obamacare being upheld, will it be fireworks or firearms this independence day??
Dan_o
Posted on June 28, 2012 at 8:27pmDaveMyers, you are a selfish fool. I would love to see your response to this boondoggle in 4 years.
Note also, even in “victory” the liberal is angry. Apparently there is no happiness in the Otopia.
Report Post »Paul -Indiana
Posted on June 28, 2012 at 9:34pmKeep remembering that Obama was elected by only 30% of registered voters. There was a 58% turnout and of the people who actually voted, 52% voted for Obama. Multiply 0.58 and 0.52 and you get 0.30. Just 30% of registered voters saddled us with Obama. Forget about the polls and just vote. He has not gained followers.
Report Post »independentvoteril
Posted on June 28, 2012 at 11:26pmthis comment is for davemyers.. I lost my job a few years back.. my husband works so we are making it.. I started collecting SS .. my husband’s company has insurance.. and guess what.. when the computer showed up at my doctors office that was my LAST visit.. I don‘t go for check up’s .. tests etc.. I will do as they did in the past.. live till I don’t.. cause my chances of getting really OLD without OBAMA CARE is BETTER than with it..
Report Post »daszim
Posted on June 28, 2012 at 3:14pmElections have consequences.
Report Post »soybomb315
Posted on June 28, 2012 at 3:10pmlet it burn. we deserve this
Report Post »1776_2012
Posted on June 28, 2012 at 5:26pmYou do if you voted for this kenyan loser, but not the rest of us.
Report Post »soybomb315
Posted on June 28, 2012 at 5:41pmnope – voted for pastor and constitutionalist Chuck Baldwin over progressive war monger John McCain
Report Post »thegreatcarnac
Posted on June 28, 2012 at 3:05pmWe have a faux-president, a senate, and a Supreme court that is out to destroy this country. We must wipe them clean and start all over.
Report Post »duffy49
Posted on June 28, 2012 at 6:56pmAmen. BHO & administration need too get voted out of office come November. Unfortunately, we can’t impeach or remove the Supreme Court.
Report Post »abbygirl1994
Posted on June 28, 2012 at 2:48pmLet it crash for all I care… I am prepared! Justice Roberts has just killed off the old, the disabled and the sick! He is at this moment, the most hated man in America next to Obama! Thank you George Bush for the traitor you elected for the Supreme Court. Any respect that I had left for you is gone! I no longer trust either side.. I will vote for Mitt Romney.. but he better make a difference or we can kiss America goodbye!!
Report Post »TheBurningTruth
Posted on June 28, 2012 at 3:00pmYou should despise Bush because he was/is a Progressive (unpaid for wars and drug plans). As for his appointment to the Supreme Court, there have been many cases over the last 200 years of justices that “changed” or turned out opposite of what conventional wisdom said they’d be.
Report Post »ChiefGeorge
Posted on June 28, 2012 at 3:05pmI can only wonder what the trade off was because Kennedy went against Roberts on this and it should have been the other way around…what politcial cover they all now must enjoy.
Report Post »soybomb315
Posted on June 28, 2012 at 3:12pmwe libertarians have been trying to tell you for a long long time that G W Bush was a progressive and not good for the party. Maybe now you are starting to see what we are talking about
Report Post »v15
Posted on June 28, 2012 at 4:00pmSadly, I will vote for Romney but I doubt he will overturn or change anything. And, despite all of this, I still refuse to vote for a person that is as totally out of touch with the real world as Ron Paul.
Report Post »soybomb315
Posted on June 28, 2012 at 4:22pm@v15
Then i guess you are stuck between the constitution and an insane place
FYI – insanity is doing the same thing and expecting different results….get it?
Report Post »US_SOLDIER
Posted on June 28, 2012 at 4:33pm@v15 So the real world to you is an America going down the drain so you will continue to vote the same people who are wrecking it or at a minimum sitting by and watching it go down? That makes perfect sense! I agree Ron Paul is out of touch with the fabric the MSM portrays as the real world. Between jersey shore and junk news Im glad he is out of touch and focuses on the real issues like taxation, spending, deficits, overseas militarization of the world, sound currency and fiscal responsibility. I too am out of touch with reality along with countless other soldiers I have talked to over the years who regardless of what your favorite junk news tells you support Ron Paul. Have a nice day and happy voting just dont expect it to change anything
Report Post »duffy49
Posted on June 28, 2012 at 6:59pmI truly believe Romney would be a major improvement over BHO & cronies, including Barak’s 1st lady.
Report Post »Lloyd Drako
Posted on June 28, 2012 at 2:47pmI note gold is down too–even more than the major indexes.
(Voice of Scarlett O’Hara:) Where shall we go? What shall we do?
Report Post »eric55
Posted on June 28, 2012 at 2:55pmAmmo
Report Post »taxpro4u03
Posted on June 28, 2012 at 3:31pmI dunno — back in the day ‘luxuries’ traded fairly well — they trade for the ‘essentials,’ and then some. Remember — the Queen’s East India Trading Company is still in full swing – doesn‘t matter what the ’front companies’ call themselves — still ROOTED in the Crown’s commerce. Understanding anything requires knowing its premise.
Report Post »cbrown
Posted on June 28, 2012 at 4:18pmActually market went up after SCOTUS ruling. DOW went UP by 70 points after the announcement. Does it mean Wall Street liked the decision?
Report Post »The_Cabrito_Goat
Posted on June 28, 2012 at 5:46pmCharlie Brown (aka “Chuck”) That’s called an ebb and flow. Look at the graph again. There was an initial knee jerk reaction to the ruling that was announced at 10:07am (the dip) then a little bit of balancing out as the free market is known for, then a free fall. But this steadily righted it’s self yet again, though we are certainly NOT on the same plateau as we were before the ruling.
Investors are freaked, and as well they should be.
Report Post »Jezreel
Posted on June 28, 2012 at 2:42pmOur country needs a good old fashioned heavy hand of the judgment of God. Fire cleanses and fire purifies. I don’t want Obama or the world elites to bring judgment to the United States, I want God to do it so people will know without a shadow of a doubt what is going on. There will still be those who will shake their fists and curse God when it all happens. True believers need to get backbone and start to ask the Lord to bring judgement for all the murder of the unborn children and perverse sexual lifestyles and idolatry. Maybe people in our country want our freedoms for the wrong reason and that is why God did not answer prayer for the health care bill to be overturned? Why should God answer our prayers when we are all doubleminded. “A doubleminded man shall be unstable in all his ways and let not that man think he shall receive anything off God”.
Report Post »ugottabekidding
Posted on June 28, 2012 at 3:29pmWe are already under God’s judgement. That’s why our leaders (loosely) make the decisions they do. The Lord has given us up to elect the fools that are putting us in chains.
Report Post »bravjim
Posted on June 28, 2012 at 3:47pmJust what is it that you think just happened today? The loss of our freedom is only one small phase of our judgement. Glenn Beck has been trying to tell us this for over 3 years now, ever since he began the faith, hope, charity (LOVE) phase of his shows. This is just one more warning to us; today, we lost our freedom, but we can still turn back to Him and He will save us. But we, as a nation, have to turn back to Him. I‘m just hoping it’s not too late
Report Post »pduffy
Posted on June 28, 2012 at 5:10pmActually, the entire world is about to receive God’s judgement. The archangel Michael has already “stood up”, which has cleared the way for the anti-christ.
Report Post »EqualJustice
Posted on June 28, 2012 at 2:38pmObama strikes again. Good job, comrade!
Report Post »Tri-ox
Posted on June 28, 2012 at 2:37pmMassive TAX INCREASES usually hit the markets hard – OBAMATAX must be repealed!
Report Post »saranda
Posted on June 28, 2012 at 2:35pmWrong. What a misleading headline. At 10 a.m. EST the Dow was at 12528.73 already down 100 points on the day (in fact at almost the same level that the Dow was at 5 minutes into the trading day). As of right now the Dow is at 12458.12 only another 70 since the SCOTUS announcement.
What a deceitful article this one is? GB would be proud.
Report Post »ZenJedi
Posted on June 28, 2012 at 3:06pmSARANDA – it is now 1505 hours in East Coast and the DOW is still DOWN 12491.99 -135.02 (-1.07%) . WHAT ARE YOU TALKING ABOUT??????
Report Post »saranda
Posted on June 28, 2012 at 5:24pm@zenjedi – talking about the fact that the market was down 100 points before the scotjs decision and the selloff slowed after the announcement and in FACT gained back points through the day. To blame the down market on the scotus decision is only valid in fairy land.
In fact the market rallied 75 points through the rest of the trading day. It is a lie say the market sold off as a result of the scotus decision.
Report Post »CougarNick78
Posted on June 28, 2012 at 2:34pmI’m shocked- (sarcasm)
Report Post »progressiveslayer
Posted on June 28, 2012 at 2:24pmA shocking turn of events,make the federal government expand so they can regulate all human activity and watch the private sector tank,sounds like the plan of a skinny Marxist POS coming together.
Report Post »paperpushermj
Posted on June 28, 2012 at 2:23pmDon’t know why the markets are down at the news? Many small to medium size businesses will increase their profitability by closing down their costly participation in providing Medical to their workers.
Report Post »MCDAVE
Posted on June 28, 2012 at 2:20pmI Knew stock market would plummet in the wake of a decision in favor of Obamacare..job market will follow..our leadership does not care about jobs or the economy..and Romney will be our next pathetic excuse for a president,who will change nothing
Report Post »progressiveslayer
Posted on June 28, 2012 at 2:28pmBut one thing the Marxist POS didn’t take into account or maybe he did,who‘ll pay to support the parasites when Barry’s finished taxing and regulating all businesses out of business?
No tax base no one to pay for all the unconstitutional social programs that’s been inflicted on us.
Report Post »TheBurningTruth
Posted on June 28, 2012 at 3:05pm@ProgressiveSlayer: What you describe is the essence of Socialism and Marxism. The system crashes to it’s lowest point where everybody but the political elites live in true poverty (not today’s multiple flat-screen TV with premium channels, SmartPhones, new cars and restaurant dining poverty). But, hey! Then we’re all equal, right?
Just wait as the wealth of the country is increasingly drawn off to improve the third world countries. I wonder what all the “tax the rich” people will say when the world points to even the poorest among us and calls us “rich!”
Report Post »progressiveslayer
Posted on June 28, 2012 at 3:22pmTHEBURNINGTRUTH That‘s been Barry’s plan all along,to transfer our wealth to other countries and make us all equally poor.He’s an anticolonialist just like his communist father was and he sees it as his mission to right all the wrongs committed by America.
Report Post »Questionman
Posted on June 28, 2012 at 4:54pmKlansman ProgressiveSlayer, time to lay some facts on your racist ass! A few
hundred points down one day, a few hundred up the next. The market is still 500 points above its trading range… Translation, the market would have to drop 600 to 700 points in order to make any case that this decision from the court had ANY impact.. You racists pathetic attempt to blame this on President Obama OR the law is pathetic and shows how sick in the head you racists are!
Maybe you’re trolling or something, but it’s just so ridiculous that so many Americans think Obama is some sort of radical Marxist. Maybe he’s left wing in America, but in the real, non-racist world he’s really more of a moderate.
Sorry, as always, you FAIL again.
Report Post »Questionman
Posted on June 28, 2012 at 4:54pmKlansman ProgressiveSlayer, time to lay some facts on your racist face! A few
hundred points down one day, a few hundred up the next. The market is still 500 points above its trading range… Translation, the market would have to drop 600 to 700 points in order to make any case that this decision from the court had ANY impact.. You racists pathetic attempt to blame this on President Obama OR the law is pathetic and shows how sick in the head you racists are!
Maybe you’re trolling or something, but it’s just so ridiculous that so many Americans think Obama is some sort of radical Marxist. Maybe he’s left wing in America, but in the real, non-racist world he’s really more of a moderate.
Sorry, as always, you FAIL again.
Report Post »progressiveslayer
Posted on June 28, 2012 at 6:34pmQUESTIONMAN Who are you to call me a racist you pole pufer? You don’t even know what the word racist means,go back under the bridge TROLL, adults are conversing here.
Report Post »MCDAVE
Posted on June 28, 2012 at 8:13pm@PROGRESSIVESLAYER …I closed my Home building company and took a job..I employed 50-60 people every day for many years…there was no surviving the Obama Administration for custom home builders…kiss those jobs goodby …no tax money for the dictator..
Report Post »MCDAVE
Posted on June 28, 2012 at 8:24pmfor the record new regulations from the EPA are going to increase the price of a new home by 15000 dollars next year and by the year 2021 Epa regulations will make it impossible to build a new home in my county ,here in North Carolina…**** the EPA Nazis
Report Post »MCDAVE
Posted on June 28, 2012 at 8:29pmObama hates home builders…we build the American dream…..I HATE OBAMA !!!!!
Report Post »G.E.R
Posted on June 28, 2012 at 2:15pmIt didn’t take long to blame something on the supreme courts decision.
Report Post »ProudPatriot1776
Posted on June 28, 2012 at 2:06pmThe markets aren’t moving because of the SCOTUS ruling, they are moving because the actual amount JP Morgan lost is 9 billion, not the two billion that was predicted. If anything, the SCOTUS ruling helped the markets. Typical misleading and uninformed writing expected from the Blaze
Report Post »Prosecute_Constitutional_Treason_In_Washington
Posted on June 28, 2012 at 2:16pmThe destruction of wealth and confiscation of whatever can be stolen is the Obummer plan. Obummer our fuhrer has a bigger plan for Amierka. The destruction and rebuild into marxism.
Report Post »The people don’t seem to know what to do.
The crisis has never been bigger.
It time for exercising the 2nd amendment.
GoodStuff
Posted on June 28, 2012 at 2:49pm“If anything, the SCOTUS ruling helped the markets.”
Mental hospitals are doing wonderful things these days.
Report Post »HKS
Posted on June 28, 2012 at 2:00pmI’m not so sure this is not a good thing. I think there are a lot of wrong doings to pursue here. Deception upon the American population, discriminatory tax passes, and I‘m not sure but don’t a bill for a tax increase need a bigger percentage of votes in the congress? Where are all those smart lawyers, there’s money to be made here.
Report Post »Landon410
Posted on June 28, 2012 at 1:55pmhow long until the 2 term limit is challeged?
Report Post »If Obama somehow wins a second term I would wager the left pushes to have that removed and keep Barry Obammers in office until he is no longer able to rule
barber2
Posted on June 28, 2012 at 2:57pmMaybe Obama will just create another executive order : I am president for life . Seems to work for his other Lefty leaders….
Report Post »Landon410
Posted on June 28, 2012 at 1:53pmwhat do ya know? Liberal ideals put in place, the world is poorer….. uh, who‘da’thunk’it
Report Post »Marine25
Posted on June 28, 2012 at 2:20pmYet the market is up 18% since Bush’s last day in office. It is the largest 3 year increase at the start of any President’s term. For context, Clinton market increased 15% over 8 years, Reagan 10% over 8 years, G.W. Bush decreased 6.5%.
Report Post »Saying Obama has hurt the market in any way is ignoring the facts, not that you are above that.
Steelheadisadouche
Posted on June 28, 2012 at 2:44pmThe market has it’s better days when he is off prompter and losing golf balls. Not that he is below that. Good day for Romney proceeds; keep it up lefties and wake everybody up that usually sits out on this crap.
Report Post »Landon410
Posted on June 28, 2012 at 3:54pmMarine
Bush had a lefty congress that caused the housing and banking bubble
infact the repubs brought up the housing issue before it exploded and the democrats told them it wasn’t an issue and that the repubs were racists… well, what do ya know, the republicans were right, though they didn‘t have the power in congress since the dem’s controled it…….. so, you can smoke on that for awhile
Report Post »OutOfTheAether
Posted on June 28, 2012 at 1:51pmjust kinda shows how we all really feel about this new “TAX” :(
Report Post »Landon410
Posted on June 28, 2012 at 1:57pmtax? Obama “I absolutely reject that notion” that the mandate is a tax
Report Post »barber2
Posted on June 28, 2012 at 2:01pmLANDON: and I absolutely reject the idea that these economically clueless Democrats should be allowed another 4 years in the White House OR congress…
Report Post »BlackCrow
Posted on June 28, 2012 at 1:51pmDUH! This is a surprise? For months I’ve been hearing small businesses saying if this ruling stood they would shutter their doors. Well SCOTUS just plunged a knife into the heart of an economy that has been on life support for three years.
What IS surprising is the markets are down as little as they are. If not for support from the Federal Reserve in the form of massive injections of money the losses would have been a blood bath. It might not be the end of the earth but you can see it from here.
Report Post »65Plus
Posted on June 28, 2012 at 1:58pmYou are correct about the markets. According to http://www.philsgang.com and Phil Grande, the Fed pumps about $4.5B a day into the five major NY banks to have them speculate in the market to give people the APPEARANCE of normality.
Report Post »saranda
Posted on June 28, 2012 at 2:44pm@blackcrow – and I will bet you not one legitimate small business “shutters its windows” as a result. All just posturing and BS spread by sites like this that appeal to the lowest common denominator.
Report Post »Snowleopard {gallery of cat folks}
Posted on June 28, 2012 at 1:50pmHow many of you Blazers figure that Obama not only knew in advance (by many a month) of the outcome, but informed his capitalist cronies so they could sell short on the market? Soros is also in on this mess somehow (marketwise); he never fails to make a profit where such an opportunity exists.
Report Post »CatB
Posted on June 28, 2012 at 2:06pmWould not surprise me in the least … crooks all .. afterall who thought Roberts would be the sell out b-stard. to top off MY day .. I just got JURY DUTY notice .. I am so in the mood to put some jerk in the slammer .. Obama voter ;-)
Report Post »BlackCrow
Posted on June 28, 2012 at 2:29pmWhen you figure the largest holders of equities (Stocks) are Insurance companies and pension funds and both are on VERY shaky ground right now it is no wonder the government and the federal reserve are doing everything in their power to prop up the markets. Remember back in 08 AIG (American Insurance Group) was one of the big firms that got the first bail out. They were taking a bath in the equities markets and could have taken down the whole house of cards if they had been forced to liquidate their equities portfolio.
The ride is going to get rough.
Report Post »Gonzo
Posted on June 28, 2012 at 1:49pmWait until the unemployment numbers for July come in. Obama’s not going to be thinking he won this decision.
Report Post »OutOfTheAether
Posted on June 28, 2012 at 1:53pmYup, we’re seeing the beginning of that in the market reaction, are we?
Report Post »happ77
Posted on June 28, 2012 at 1:55pmI heard something about unemployment falling slightly.
Report Post »I really hate to say this but I hope I heard wrong.
It’s really a great obama accomplishment that americans
have to root against their country to hopefully save it.
4xeverything
Posted on June 28, 2012 at 2:00pmWe realize that Obama didn’t actually win anything except the title of the president who just laid the largest tax in history on this nation. Can’t wait for the left to get slapped hard with that one!
Report Post »looters_willmeet_shooters
Posted on June 28, 2012 at 2:08pmYeah, we’ve just been handed a heap of lemons, and we’re going to have to make lemonade, but if the Romney campaign doesn‘t nail down the message we’re going to lose our @$$e$ in the coming year. We’re going to need to highlight the impact on the markets, private industry, unemployment, and the fact that the Marxist-in-chief insisted it wasn’t a tax.
Report Post »Gonzo
Posted on June 28, 2012 at 2:25pmLooters, if he doesn’t have a message after today, we may as well stick with Obama.
Report Post »Questionman
Posted on June 28, 2012 at 5:02pmKlansman lotterwillbeshooters, time to lay some facts on your racist face! A few
hundred points down one day, a few hundred up the next. The market is still 500 points above its trading range… Translation, the market would have to drop 600 to 700 points in order to make any case that this decision from the court had ANY impact.. You racists pathetic attempt to blame this on President Obama OR the law is pathetic and shows how sick in the head you racists are!
Maybe you’re trolling or something, but it’s just so ridiculous that so many Americans think Obama is some sort of radical Marxist. Maybe he’s left wing in America, but in the real, non-racist world he’s really more of a moderate.
Sorry, as always, you FAIL again.
Report Post »Gonzo
Posted on June 28, 2012 at 5:26pmI “question” your sanity and intelligence “man”.
Report Post »KeithOlberdink
Posted on June 28, 2012 at 1:47pmThe American experiment is over. Liberty has been destroyed by 6 “justices” who no longer stand for justice at all. Tyranny is the order of the day. This generation has said so long to individual liberty and hello to totalitarianism. It won’t be long before the government dictates to us how/what to eat, drink and live if you want to keep your Obamacare that is. What “tax” is next. tax for not buying an american car? tax for shopping at Walmart? tax for not eating your brocolli? tax for breathing air? pandora’s box is now wide open. the governemtn can make you buy anything they want. buy a “green” car or pay a $50K tax. Who’s going to stop them? not the Supreme wusses, that’s for sure
Report Post »Snowleopard {gallery of cat folks}
Posted on June 28, 2012 at 1:51pmRight now there may be only one final line in the sand that can stop Obama when the dictatorship comes to fruition – WE THE PEOPLE, who are armed. I pray it does not come to that, but I do see us on the edge of a revolution; one initiated by Obama.
Report Post »Sidhekitten
Posted on June 28, 2012 at 2:00pmActually, now we will all be forced to buy that P.O.S. Chevy Volt or ELSE! I just saw Government Motors new propaganda, ah, advertising campaign…
Report Post »JACKTHETOAD
Posted on June 28, 2012 at 1:45pmSurprise! (sigh…)
Report Post »