Is the Administration Talking Down The Markets?

Discussion in 'Politics' started by The Rabbi, Jul 25, 2011.

  1. The Rabbi
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    The Rabbi Diamond Member

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    The Obama Administration is desperately seeking a crisis in financial markets to bolster their position. Geithner worried that they needed to reach an agreement on Sunday before the Asian markets opened. Otherwise there would be chaos.
    There was no chaos. Even on Wall St today stock were down just modestly.
    The Obama Administration is the most cynical in history, willing to sacrifice people's savings for their own political gain. Disgusting. Can we call an early election?
     
  2. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Obama wants a default so he can gain complete control again in 12. A default in his eyes would clearly be on republicans. I heard on cnbc today that our bond rating had already been dropped and it just hasn't been made official yet.
     
  3. The Rabbi
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    The Rabbi Diamond Member

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    Except he is too stupid to realize that people blame him. He is POTUS. That means anything that happens, good or bad, is his fault. That isn't necessarily fair, but those are the rules.
    You are right, Obama doesn't care about a default. He doesn't care about a drop in ratings.
    And in truth, a drop in ratings wont mean much for the short term because no one expects the US will be unable to pay its debts. But down the road that could easily happen. But Democrats don't care about down the road. That's someone else's problem.
     
  4. Truthmatters
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    Truthmatters BANNED

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    Who started swinging this axe arround?
     
  5. The Rabbi
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    The Rabbi Diamond Member

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    Democrats, by passing trillions of dollars in "stimulus" programs and expensive health care plans that Obama swore would not add one dime to the deficit.
     
  6. Mr. Shaman
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    Mr. Shaman Senior Member

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    Be patient.

    There are still Teabaggin' NUT-JOBS....

     

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