Bobby Joe Jindal Strikes Again!

[NeoRio1]

Quote from omegapoint:

The President isn't a servant of the secondary markets as much as he is of the economy. Obviously they're related in intricate ways but that the market tanks every time he speaks is the cringing at the medicine being administered in his approach to reviving the flow of credit. If you don't allow the argument to dead end into words like nationalizing or socialism then regulating what banks do is necessary. Thain and AIG both, when they thought they had the cover of darkness went out and divided up taxpayer funds amongst their cronies ...the Paulson stimulus ... figures from the CEO of Goldman Sachs his loyalties on the way out would be towards the nest he hopes to
reinfest someday. Everybody wants banks to get back to lending someday and of course to applicants who can actually afford to pay the loans back --so where to from here? Jobs, spending that comes from jobs creating more jobs and more spending ...turning the vicious circle into a virtuous circle requires some sort of intervention and its always been my contention that if it don't trickle down and include the middle class then we'll have what we have. Its not like people don't want work and only want to sit around and get free money. I know someone who heads HR at a mid level company and she tells me the resumes come in by the hundreds for every single job thrown out. If you don't start out your day with a "GET OBAMA" memo then you can begin to dig out of the hole we're in.

The market tanks at Obama's approach to revive credit because the market knows Obama's approach will not revive credit.

What Washington, thunderdog and apparently you do not understand is that credit comes from savings. You need money to actually lend money. Before Americans can borrow money somebody needs to save it. The walmart greeter is not going to solve the global credit crisis with their 13 dollars. What we need is for the credit/savings to go to the producers/businesses. Aggressively cutting taxs for individuals and businesses will create 10x the amount of savings then spending on pet projects and Obama's bullshit middle class tax that is merely just a loan to pay less this year and to pay more next year.

Unfortunately Obama thinks if we print enough money and then put it into the banking system the banks will give out loans and we will have economic growth. Unfortunately all we get out of that is massive inflation. Obama is determined to create credit out of thin air. That spells inflation and no savings.

Not only are you guys blind to the method of solving the credit crisis but you also ignore the horrible consequences of such spending which equals huge amounts of inflation and heightened taxes for years upon years.

 

[NeoRio1]

Quote from Thunderdog:

From fish liver, of course. Studying for a community college economics quiz?

Just trying to get you to say something of substance instead of hiding in your little elite shell all day long.

It's also weird how you chimed in at the spot you did. Omega said the market tanks because Obama dumbs down his economic statements. I said that dumbing down an economic statement does not change the statement. Then you chime in with an awfully defensive post while of course bashing Bush as well.

Interesting...

 

[Thunderdog]

I only mention Bush because his administration had a big hand in the current economic fiasco. You asked about credit and I am giving it where it is due.

 

[omegapoint]

Quote from NeoRio1:

Just trying to get you to say something of substance instead of hiding in your little elite shell all day long.

It's also weird how you chimed in at the spot you did. Omega said the market tanks because Obama dumbs down his economic statements. I said that dumbing down an economic statement does not change the statement. Then you chime in with an awfully defensive post while of course bashing Bush as well.

Interesting...

What I meant was Obama isn't as concerned with speculators as he is with the economy. I know neither of us are going change the others mind but how about not misrepresenting what I say?

 

[NeoRio1]

Quote from Thunderdog:

I only mention Bush because his administration had a big hand in the current economic fiasco. You asked about credit and I am giving it where it is due.

So whats your expert explanation as to why the market tanks when Obama speaks?

 

[swtrader]

Quote from Thunderdog:

I only mention Bush because his administration had a big hand in the current economic fiasco. You asked about credit and I am giving it where it is due.

Bush 1 and Clinton were part of it too, with their religion of globalism

The house of cards is coming down, because that's what houses of cards do

 

[Thunderdog]

Quote from swtrader:

Bush 1 and Clinton were part of it too, with their religion of globalism

The house of cards is coming down, because that's what houses of cards do

Your remark is entirely off base and has nothing to do with my earlier post.

 

[Thunderdog]

Quote from NeoRio1:

So whats your expert explanation as to why the market tanks when Obama speaks?

Does it? Or is the market merely responding to increasingly dismal economic data as it surfaces with remarkable regularity? Regardless, I guess it's not much fun cleaning up after a wild frat party, courtesy of the frat prez who's now sleeping it off.

 

[omegapoint]

Quote from Thunderdog:

Does it? Or is the market merely responding to increasingly dismal economic data as it surfaces with remarkable regularity? Regardless, I guess it's not much fun cleaning up after a wild frat party, courtesy of the frat prez who's now sleeping it off.

Sounds like you recently saw the film "W".

 

[NeoRio1]

Quote from Thunderdog:

Does it? Or is the market merely responding to increasingly dismal economic data as it surfaces with remarkable regularity? Regardless, I guess it's not much fun cleaning up after a wild frat party, courtesy of the frat prez who's now sleeping it off.

Oh really? Your argument basically claims that Obama is the only source of economic data.

No wonder you are so confused.

The market doesn't tank because Obama is enlightening all of us traders about how bad the economy is. The market tanks because we don't like what Obama is planning on doing to the market you flaming idiot.