B Hussein Obama on a downward spiral

Does this remind anyone of the QB Cook...all words no passion.....

...no squat



Quote from AAAintheBeltway:

The answer is pretty much no one anticipated these events. I am not aware of any democrats warning about them. Let's take them one by one.

New Orleans. Hurricane evacuation and safety measures are a state and local responsibility. Florida, Georgia, SC, NC, Virginia, Texas, Mississippi, etc, all manage to keep their residents more or less safe from hurricanes by a combination of early warning and mandatory evacuation. Only Lousiana, our most corrupt state, failed. An inept state govenrment, run by democrats, and a comically incompetent NO city government, run by black democrats, failed miserably at evacuating or otherwise safeguarding NO residents. Ressidents of other states in hurrican-prone areas have enough sense to look out for themselves. Only in NO did tens of thousands of able-bodied people just sit around like farm animals, seemingly unaware that a killer hurricane was headed for their below sea level city.

Somehow, this total breakdown in state and local government and personal responsibility became the sole fault of Bush and FEMA. Ridiculous but par for the course for liberals. Create a disaster then blame republicans for it.

9/11. One daily briefing memo mentioned attacks. This is known in the trade as a CYA memo. Throw out eveything, so that you can later said you covered it. Was the intell actionable? What was Bush supposed to do, shut down the nation's airports? Liberals were already screaming about "unconstitutional" profiling, so forget concentrating on the people likely to commit such an attack.

Financial crisis. Name one person in either party who thought the crisis would be as bad as it turned out to be. Certainly not loudmouths like Barney Frank, Chris Dodd or chuckie Schumer, who protected the fraudulent pols running FNM and FRE and pushed unsafe affirmative action lending. The two government officials most responsible, Fed Chairman Bernanke and NY Fed head Geithner, are fixtures in the current administration.

Bush was on balance a bad president, but I am sick of these unfair attacks. Obama complains about the Bush deficit. He doesn;t mention that virtually every democrat in congress voted for that spending, and most of them were complaining it wasn't enough.
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I'd stay in the now moment Landis. The market is breaking on pure Obama-NOTHING else. The recession/housing/jobs/deleveraging meltdown is long in the market. If a Republican had been Prez we would've found support at 9000ish.
I made my first ES trade in a couple of months today selling the day's highs. (took me 2 shots, lol) As soon as I heard his budget plan I started thinking one thing-crash. As I said ALL YEAR-futures traders and dividend investors-of which I'm both-will see tax increases regardless of income level. Bush haters can choose to live in yesterdays world but the market looks to tomorrow. Clearly it likes little of what it sees......
 
So you are saying that Obama should get a pass until some point down the road?

What point would that be?

At what point was Bush to blame for the problems?

I am assuming you want to apply consistently the same defense of Bush to Obama...to give Obama the benefit of the doubt the way the republicans gave GW.



Quote from bugscoe:

The liberal party, and the MSM, will always argue that 9/11 was Bush's fault despite him only being in office 9 months. The list goes on and on with the blame...

So if we apply the liberal logic, from 1/20 forward it's all on Obama and has nothing to do with the previous admin.

Simple.
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It is a ridiculous assumption to think the market is breaking on Obama and Obama alone.

The market is breaking on the reality of technical support levels falling, fear, massive redemptions, momentum selling, etc.

Fear is the number one reason for selling, period. The MSM lives on ratings and fear brings ratings. Additionally, the right wing are talking up fear. So blame the MSM and the reublicans for not talking up to possible upside to Obama's plans.

The sheeple just follow the crowd, they are not leading this down.

Now, if you get rich on shorting this, bully for you.

If John bomb bomb Iran were at the helm he would be attacking Iran and cutting taxes...and we have seen how that worked out...

The republicans have been unwilling to really take responsibility for the hole they left America in.

History will look back and see the failures of Bush that lead to this mess...


Quote from Pa(b)st Prime:

I'd stay in the now moment Landis. The market is breaking on pure Obama-NOTHING else. The recession/housing/jobs/deleveraging meltdown is long in the market. If a Republican had been Prez we would've found support at 9000ish.
I made my first ES trade in a couple of months today selling the day's highs. (took me 2 shots, lol) As soon as I heard his budget plan I started thinking one thing-crash. As I said ALL YEAR-futures traders and dividend investors-of which I'm both-will see tax increases regardless of income level. Bush haters can choose to live in yesterdays world but the market looks to tomorrow. Clearly it likes little of what it sees......
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LMAO. If you think the Limbaugh listening laborer is taking the market lower by selling stock this morning then you're delusional. The market had many good reasons to RALLY today. A surge in Euro bank shares, higher oil and gold getting slammed. All bull items for equities. The fly in the ointment? Pure Obama.

BTW: Why would the market be any more enthused by Obama ordering additional troops to Afghanistan/Pakistan than it was with Bush in Iraq? Oh that's right. I almost forgot. The MSM says we're fighting the real terrorists. Sig Heil.........



Quote from OPTIONAL777:

It is a ridiculous assumption to think the market is breaking on Obama and Obama alone.

The market is breaking on the reality of technical support levels falling, fear, massive redemptions, momentum selling, etc.

Fear is the number one reason for selling, period. The MSM lives on ratings and fear brings ratings. Additionally, the right wing are talking up fear. So blame the MSM and the reublicans for not talking up to possible upside to Obama's plans.

The sheeple just follow the crowd, they are not leading this down.

Now, if you get rich on shorting this, bully for you.

If John bomb bomb Iran were at the helm he would be attacking Iran and cutting taxes...and we have seen how that worked out...

The republicans have been unwilling to really take responsibility for the hole they left America in.

History will look back and see the failures of Bush that lead to this mess...
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Only five mere months until Chicago Barry orders a full scale draft.

:D:D:D:D


Quote from Pa(b)st Prime:

LMAO. If you think the Limbaugh listening laborer is taking the market lower by selling stock this morning then you're delusional. The market had many good reasons to RALLY today. A surge in Euro bank shares, higher oil and gold getting slammed. All bull items for equities. The fly in the ointment? Pure Obama.

BTW: Why would the market be any more enthused by Obama ordering additional troops to Afghanistan/Pakistan than it was with Bush in Iraq? Oh that's right. I almost forgot. The MSM says we're fighting the real terrorists. Sig Heil.........
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Quote from Dr. Zhivodka:

Only five mere months until Chicago Barry orders a full scale draft.

:D:D:D:D
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I'd place the odds of it happening as better now than back when I prognosticated (sic) on it. Bailout and job stimulus for the brown poor is just a draft card away......
 
Quote from Mag Light:

shall we use your same "logic" now that the economy continues to tank under husseins watch, yet you keep wanting to blame bush?
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Given your lack of brain-power, I am not at all surprised to see you are unable to make such a distinction.

Perhaps some day you can go to your local junior college and sit in on an Econ. 101A class.
 
Quote from Pa(b)st Prime:

I'd stay in the now moment Landis.

The market is breaking on pure Obama-NOTHING else. The recession/housing/jobs/deleveraging meltdown is long in the market.

If a Republican had been Prez we would've found support at 9000ish.

I made my first ES trade in a couple of months today selling the day's highs.
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Pabst, with all due respect I find it absolutely mind-boggling that you made your first ES trade in several months.

A simple measured-move projects a 140 handle leg down off the February high at 875, which projects 735. And yet you haven't pulled the "trigger" until now, 100 handles off the Feb. highs?

In fact, I'm rather surprised that a former floor trader is actually banging the "drum" for all of these idiots on ET that are blaming Obama for the market continuing to tank . . . And to go one step further and assume that the Dow would have found support at the 9,000 level under a Republican President is absolutely absurd.

You say that the Recession should already largely be discounted by the market?

Are you kidding???

With this banking system, the consumer totally underwater with debt, and worried about becoming consumed by more corporate layoffs and S&P GAAP earnings falling through the $40* mark?

Given that kind of logic, I guess that Wells Fargo would have never fallen from $35 to under $9, or that Caterpillar would not have dropped 45%, or US Steel cut in half since Election Day, or that the Nikkei wouldn't have dropped over 2,000 points, or the FTSE over 15%.

Yeah, right.
And the S&P would still be sporting a 25 multiple from Election Day too (rolling my eyes).

All that tells even the most novice market observer is that the Economy is still contracting.

I'm sorry Kurt, but I wish that you could hear yourself right now.


*S&P Earnings

http://www2.standardandpoors.com/spf/xls/index/SP500EPSEST.XLS
 
Ok...Just so we're clear. You still think by 20 June 09 Barry will have instituted a full scale non-voluntary draft? Is that still right?

Quote from Pa(b)st Prime:

I'd place the odds of it happening as better now than back when I prognosticated (sic) on it. Bailout and job stimulus for the brown poor is just a draft card away......
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