How Did The Speech Go Over?

Discussion in 'Politics' started by Annie, Feb 25, 2009.

  1. Annie
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    Annie Diamond Member

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    About an hour ago, the futures were up, they are now down. Somehow this isn't looking so good for the speech.
     
  2. rayboyusmc
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    rayboyusmc Senior Member

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    All smoke and mirrors with the market. The speech couldn't have been any better for what we are facing.:clap2:
     
  3. Skull Pilot
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    Skull Pilot Platinum Member

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    YAWWWWWN

    Just rewind and replay the campaign and you'll hear the same thing but with a little less self adulation
     
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  4. midcan5
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    midcan5 liberal / progressive

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    Markets are often casinos of greed - as the real estate bubble proved too well. Now is the time for people to work and support the president and each other. If credit starts to move America will start to move. Get out there and buy and buy American if you can.


    "On the day when Saddam was caught, the bond market went up in the morning, and it went down in the afternoon. So here we had two headlines — "Bond Market Up on Saddam News," and in the afternoon, "Bond Market Down on Saddam News" — and then they had in both cases very convincing explanations of the moves. Basically if you can explain one thing and its opposite using the same data you don't have an explanation. It takes a lot of courage to keep silent." Nassim Nicholas Taleb

    Edge: LEARNING TO EXPECT THE UNEXPECTED
     
  5. Skull Pilot
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    Skull Pilot Platinum Member

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    get out there and save save save.

    do not spend a single solitary cent on anything that is not an absolute necessity until you have at least 6 months and preferably one year's gross income in the bank.
     
  6. toomuchtime_
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    toomuchtime_ Gold Member

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    I'm sure the speech is well received by the public, but the core message of the speech is that Congress is going to have to come up with huge sums of money to put into the banks so the stupid, greedy, evil bankers can save the economy. That was the core message delivered by both Bernanke and Obama yesterday. Today the stress tests begin, and as they progress the administration is going to start pressuring Congress to come up with that money, and Nancy Pelosi is going to have to decide if Henrietta and Julio will understand why the government will be giving so much money to the evil banks instead of to them.

    If Obama is successful in getting the money the banks need from Congress, the recovery should be well under way by the beginning of the next presidential campaign period and he is virtually assured of a second term, but if the Democrats in Congress fight him on this and the economy continues to stagger along, it bodes poorly for them in 2010 and 2012.

    After Obama's speech last night, there is less uncertainty about what he intends to do about the financial crisis, but there is still substantial uncertainty about what he will be able to do because of the strong public disapproval of giving more money to the banks.
     
  7. WillowTree
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    WillowTree Diamond Member

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    we had some excellent jack-in-the-box action from Pelosi that made it exciting..
     
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  8. Skull Pilot
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    Skull Pilot Platinum Member

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    :lol::lol::lol:
     
  9. Annie
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    Annie Diamond Member

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    And the polling data reinforces:

    Rasmussen Reports™: The Most Comprehensive Public Opinion Site.

     
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  10. WillowTree
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    WillowTree Diamond Member

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    He hinges everything on building "trust and confidence" after a steady month long drumbeat of "crisis crisis crisis" and the stock market tanking it is gonna be a long long long long time before the average working man pisses his money away in the stock market..it will be even longer before the average American has trust or confidence in the assholes in washington and I mean both parties..
     

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