How Did The Speech Go Over?

[Annie]

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

 

[rayboyusmc]

All smoke and mirrors with the market. The speech couldn't have been any better for what we are facing.

 

[Skull Pilot]

YAWWWWWN

Just rewind and replay the campaign and you'll hear the same thing but with a little less self adulation

 

[midcan5]

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

 

[Skull Pilot]

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

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.

 

[toomuchtime_]

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

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.

 

[WillowTree]

YAWWWWWN

Just rewind and replay the campaign and you'll hear the same thing but with a little less self adulation

we had some excellent jack-in-the-box action from Pelosi that made it exciting..

 

[Skull Pilot]

YAWWWWWN

Just rewind and replay the campaign and you'll hear the same thing but with a little less self adulation

we had some excellent jack-in-the-box action from Pelosi that made it exciting..

 

[Annie]

And the polling data reinforces:

Rasmussen Reports™: The Most Comprehensive Public Opinion Site.

54% Say ‘No’ To All Bailouts
Tuesday, February 24, 2009

Bailouts, bailouts everywhere, and not an end in sight.
The automakers want more, the banks want more, even the nation’s biggest insurance company is back because its $150-billion bailout last year wasn’t enough. And what about the people who can’t pay their mortgages? Taxpayers are beginning to wonder if the U.S. Treasury is going to run out of money.
So what do Americans think about all these bailout requests?
Given the choice between federal bailouts for the auto companies, the finance industry and financially trouble homeowners or no bailouts for any of them, 54% say no bailouts period.
Just 26% support bailouts for all three, according to a new Rasmussen Reports national telephone survey. Twenty percent (20%) aren’t sure which course is better to follow.
Investors, with their eyes on the financial markets, are even more strongly opposed. Sixty-two percent (62%) of investors say “no” to all three bailouts, with 24% who favor them. Twenty-eight percent (28%) of non-investors support the bailouts, but 45% are opposed....

 

[WillowTree]

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..

 

[WillowTree]

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

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.

that's what I'm doing, I'm saving every single nickel I can for when this all goes over the cliff.

 

[MalibuMan]

we had some excellent jack-in-the-box action from Pelosi that made it exciting..

That is funny shit right there.

 

[xsited1]

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

The market is crashing again. Can't we get some politicians who actually know what they're doing???

 

[DiamondDave]

The man can talk and spin a tale... there is no doubt there...

And the cult of personality is still following him around like a puppy dog.... they salivate with every damn word...

 

[sealybobo]

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

The market is crashing again. Can't we get some politicians who actually know what they're doing???

Stop going by how the market is doing. That's how the Wallstreet manipulates us. If Obama is in charge, then you are in charge.

We have told you the bankers are the problem. Now you see the bankers are the problem. And yet you continue to let them manipulate the system.

And if it isn't obvious, the GOP represents the bankers.

 

[sealybobo]

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

The market is crashing again. Can't we get some politicians who actually know what they're doing???

Maybe the Stock Market is too big to fail.

 

[xsited1]

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

The market is crashing again. Can't we get some politicians who actually know what they're doing???

Stop going by how the market is doing. That's how the Wallstreet manipulates us. If Obama is in charge, then you are in charge.

We have told you the bankers are the problem. Now you see the bankers are the problem. And yet you continue to let them manipulate the system.

And if it isn't obvious, the GOP represents the bankers.

OMG, this has got to be one of the funniest posts ever! I bow to your tollness.

 

[del]

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

The market is crashing again. Can't we get some politicians who actually know what they're doing???

Stop going by how the market is doing. That's how the Wallstreet manipulates us. If Obama is in charge, then you are in charge.

We have told you the bankers are the problem. Now you see the bankers are the problem. And yet you continue to let them manipulate the system.

And if it isn't obvious, the GOP represents the bankers.

Obama Top Fundraiser on Wall Street - washingtonpost.com

Wall Street Is Big Donor to Inauguration - WSJ.com

Wall Street was largest donor to President-elect Barack Obama's inauguration

Bankers and academics at top of donor list | World news | The Guardian

Mobile.POLITICO.com: Wall Street invested heavily in Obama

 

[DiamondDave]

The idiot inserts foot into his mouth again... LOL

The thing is he must like the taste... it's certainly in there a lot

The epitome of an Obamabot

 

[WillowTree]

tsk tsk tsk,,, bobo, bobo bobo!