Papa Obama statement at 1:00 pm on Bond downgrade

[Baruch Menachem]

If Ravi thinks 58 minutes late is on time, she must work for a cable installation company

 

[OohPooPahDoo]

Investors - HOLD ONTO YOUR WALLETS !!!!

Every time this SOB opens his mouth, the market tanks 400++ points.

Because the market cares more about the words that Obama says than the policy that Republicans - who got 98% of what they want - are implementing.

 

[Annie]

If it wasn't the TP. Who did he blame?

B/c he certainly isn't man enough to accept any responsibility.

Basically he blamed Congress for not doing their job and being too married to idealology. Which is true.

He has also offered both cuts and tax increases, which are the only way we'll get ahead of our debt.

It's too bad people lie so much. But of course, they are hacks.

It's a good thing to do some self-evaluation from time to time. Proud of you!

 

[Ravi]

If it wasn't the TP. Who did he blame?

B/c he certainly isn't man enough to accept any responsibility.

Basically he blamed Congress for not doing their job and being too married to idealology. Which is true.

He has also offered both cuts and tax increases, which are the only way we'll get ahead of our debt.

It's too bad people lie so much. But of course, they are hacks.

It's a good thing to do some self-evaluation from time to time. Proud of you!

I was talking about you, and your lie about Obama blaming the teapees.

Make sure you pass by the confessional this weekend.

 

[Claudette]

Your right about Congress.

What a bunch of useless Clowns.

As for tax cuts lets just see if those come to pass.

Tax increases?? Yup. He can get his Dem Senate to scarf that up with no problem. Tax cuts?? The Senate won't be to interested in that.

The House won't go for it unless they can get those tax cuts.

Gridlock anyone???

 

[Two Thumbs]

If it wasn't the TP. Who did he blame?

B/c he certainly isn't man enough to accept any responsibility.

Basically he blamed Congress for not doing their job and being too married to idealology. Which is true.

He has also offered both cuts and tax increases, which are the only way we'll get ahead of our debt.

It's too bad people lie so much. But of course, they are hacks.

Thanks Ravi.

3 years and the only thing he's taken responsibility for is; I guess shovel ready wasn't as shovel ready as 'we' thought. hahahaha.

Sad really. I'm starting to wonder why anyone would back this buffoon any more.

 

[Claudette]

nope

maybe he quit?

We should be so fucking lucky.

Oh wait. I forgot. If he leave we get Biden??

Good Christ. We can't catch a break.

 

[Missourian]

If Obama makes a campaign speech...trying to place the blame...we're doomed.

If he make a Presidential Speech...calming the markets and explaining solutions...there's hope.




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We're doomed.

From the BBC:

In his first public reaction to Standard & Poor's downgrading the US, President Obama said markets continued to regard US government debt as being the highest possible grade.

Yet despite his comments, the main Wall Street share index, the Dow Jones, extended its losses, falling 4%.

<snip>

Prior to President Obama's speech, the Dow had only been 2.5% lower.

BBC News - Markets extend falls despite Obama reassurances

​

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I had been watching the Dow before the speech...it had been hovering at 2.5% off...up a little, down a little....for 2.5 hours.


Right after the speech, it fell to the lowest point of the day...

Dow Jones Industrial Average: INDEXDJX:.DJI quotes & news - Google Finance

Zoom to 1d.
​

 

[Ravi]

If Obama makes a campaign speech...trying to place the blame...we're doomed.

If he make a Presidential Speech...calming the markets and explaining solutions...there's hope.




.
.
.
.
.

We're doomed.

From the BBC:

In his first public reaction to Standard & Poor's downgrading the US, President Obama said markets continued to regard US government debt as being the highest possible grade.

Yet despite his comments, the main Wall Street share index, the Dow Jones, extended its losses, falling 4%.

<snip>

Prior to President Obama's speech, the Dow had only been 2.5% lower.

BBC News - Markets extend falls despite Obama reassurances

​

I had been watching the Dow before the speech...it had been hovering at 2.5% off...up a little, down a little.


Right after the speech, it fell to the lowest point of the day...

Dow Jones Industrial Average: INDEXDJX:.DJI quotes & news - Google Finance

Zoom to 1d.
​

Oddly, though, people are fleeing stocks and investing in US Treasuries. I'd say there is some other cause for the panic.

 

[ba1614]

If Obama makes a campaign speech...trying to place the blame...we're doomed.

If he make a Presidential Speech...calming the markets and explaining solutions...there's hope.




.
.
.
.
.

We're doomed.

From the BBC:

In his first public reaction to Standard & Poor's downgrading the US, President Obama said markets continued to regard US government debt as being the highest possible grade.

Yet despite his comments, the main Wall Street share index, the Dow Jones, extended its losses, falling 4%.

<snip>

Prior to President Obama's speech, the Dow had only been 2.5% lower.

BBC News - Markets extend falls despite Obama reassurances

​

I had been watching the Dow before the speech...it had been hovering at 2.5% off...up a little, down a little.


Right after the speech, it fell to the lowest point of the day...

Dow Jones Industrial Average: INDEXDJX:.DJI quotes & news - Google Finance

Zoom to 1d.
​

It seems to go down every time the obama opens his mouth lately, damn t-party.

 

[Ravi]

TREASURIES-US bonds soar; still safe haven despite downgrade | Reuters

 

[Annie]

Rise in treasuries reflects faith that the government will pay when due. Not risk free, but better than savings account. The real problem though is lack of faith in the economy and belief that the government has made things worse, much worse. That is why the markets are tanking.

What the government needs to do is what it's supposed to. Get a budget done, make deep cuts, increase taxes a little once stability returns. It will cause immediate contraction, but with some certainty for 3-5 years, things should start to improve.

 

[OohPooPahDoo]

Rise in treasuries reflects faith that the government will pay when due. Not risk free, but better than savings account. The real problem though is lack of faith in the economy and belief that the government has made things worse, much worse. That is why the markets are tanking.

What the government needs to do is what it's supposed to. Get a budget done, make deep cuts, increase taxes a little once stability returns. It will cause immediate contraction, but with some certainty for 3-5 years, things should start to improve.

We can increase taxes on the wealthy NOW and on everyone else when stability returns. The idea that the wealthy would "create jobs" with any extra money they have is absurd because that's NOT what they are actually doing - they're socking it away in banks who themselves aren't loaning out much money. The rich's money just sits their in the bank vault or the federal reserve account doing nothing.

 

[The Rabbi]

Rise in treasuries reflects faith that the government will pay when due. Not risk free, but better than savings account. The real problem though is lack of faith in the economy and belief that the government has made things worse, much worse. That is why the markets are tanking.

What the government needs to do is what it's supposed to. Get a budget done, make deep cuts, increase taxes a little once stability returns. It will cause immediate contraction, but with some certainty for 3-5 years, things should start to improve.

We can increase taxes on the wealthy NOW and on everyone else when stability returns. The idea that the wealthy would "create jobs" with any extra money they have is absurd because that's NOT what they are actually doing - they're socking it away in banks who themselves aren't loaning out much money. The rich's money just sits their in the bank vault or the federal reserve account doing nothing.

Do you believe money just sits in a vault somewhere doing nothing?
If so this is part of your problem.