Poll - have Obama-Geithner caused the next major decline?

[ByLoSellHi]

Quote from Tide31:

I for one think its too early to judge Geithner, going to give him the benefit of the doubt for now. He can't be that bad of a guy, he's from Brooklyn! The commentator on Fox this morning said something funny though. Reflecting on TG's first speech and the markets reaction he said, "I don't think anyone takes Geithner seriously, probably because he looks like an assistant JV basketball coach!"

He looks constipated.

 

[trader_arb]

Quote from ByLoSellHi:

He looks constipated.

Well he's definitely full of shit either way.

 

[Covertibility]

Obama should've picked Billy Mays as Treasury pick as he has a solution for every problem.

Who's more reckless during the first decade of the 21st century: The banks or Nadya Suleman whose kids are now living off the Taxpayers' dime?

 

[Tide31]

I don't know if I would have taken this job right now if I were in his position. One of the most concerning things for me thru the early 'bailout' days was the frightening look on Paulsen's face. Hank was a guy that worked in the Nixon admin and watched his immediate boss go to prison, Ehrlichman, and then ran GS. If this job did that to him, wonder what it does to TG.

How can a guy that has been in trouble with the IRS for years run the Treasury Dept? Is he going to be a part of an admin that raises taxes when he doesn't pay his own?

 

[ammo]

Go into any store and look at the fine print on the product Made in...., most likely it wont say USA,thats why we are finally peaked out, these companies that go overseas to produce ought to start paying double hourly wages,if $1 is high in that country ,pay $2,raise their standard of living ,increase their spending,world problem solved,instead of these companies cleaning up while the workers starve,it'ld be better for everyone,even the corporations

 

[BSAM]

Quote from gnome:

NOW you're talking some sense. I'm rich, accomplished in the markets, and smart. Who could better serve as a model to you?

First lesson... "Think with your head rather than simply emote like most folks."

Well, well, well.....Ain't you special?

Uh, I'm not emoting.

And, if you weren't, you would know what I wrote is correct. Little George Bush bankrupted the United States.

Perhaps you're rich, but smart? Uh...I'm kinda thinking if you were terribly smart, you might know that Little Bush bankrupted the U.S.

Of course, I'm not rich or smart, but I been smart enough and rich enough to read and afford a newspaper for the last eight years. Where you been, bro?

Oh wait...with your 9000 posts on ET, perhaps your time has been limited to seeking out any real facts.

Thanks for being my role model.

 

[bwolinsky]

Quote from BSAM:

Little George Bush bankrupted the United States.

Doubtful. Banks bankrupted the United States with Lax Lending Practices mainly promoted by a Democratic Congress, but Republicans were shouted down when they attempted the CDO, CDS, and CMO markets.

Depression: Loan money to buy stocks at 30:1 with a flat 20% tarrif called the Smoot Hawley Tariff.

Modern Problem: Loan money to buy houses at more than 7 times annual income, as they do it in London. Luckily we have no tariff just yet, so I think we can overcome this.

90-91 SNL crisis is paltry to the problem today, but still goes back to making bad loans, which if you don't understand up to this point, is out a President's control.

 

[BSAM]

Quote from bwolinsky:

Doubtful......

Doubtful? I doubt it. Ever heard the phrase, "The buck stops here"? Oh, wait, I forgot.....None of the crap that happened the last eight years is Little Bush's fault, right? lmao

No excuses. We're in a world of shit. It happened under Little George Bush. The rest of the country/world "gets it", why don't you?

Have you figured yet, who won the last election and why???

Go ahead. Give us some more spin now, as we all spin right down the toilet. Meet you in the sewer.

 

[jamis359]

Quote from bwolinsky:

90-91 SNL crisis is paltry to the problem today, but still goes back to making bad loans, which if you don't understand up to this point, is out a President's control.

I beg to differ! The President sets the tone for the entire executive branch of government. Bush's tone was simple: big business is always right, the government's always wrong. Get government out of the way and everything will be alright. Taking this cue from Bush, bank regulators, SEC, etc. all became lax and selective in what regulations they chose to enforce. Big business wanted to write CDS's and SIV's. Big banks wanted to write mortgages with no docs required. Under Bush, whatever big business wanted, they got, so regulations were either not enforced, eliminated, or not written despite obvious need for them.

 

[murray t turtle]

Quote from gnome:

Doubt they have "caused or created" anything....


Here's a thought... Maybe there ISN'T one! Maybe all the stuff about HOPE AND CHANGE was just more political crapola a bunch of gullible, weak-minded Americans bought into! Whaddaya think?

===========================
Exactly, gnome.
Here is another thought. I like President Barack's recent comment on ''Abraham Lincoln letting people keep thier horses & guns to shoot crows''

But i never think the Pres[or any President] is responsible for the economy even though the media likes to pretend that.Even more silly to blame a new Sec of Treasury who in fact refused to bail out [hello!]Bear Stears or Lehman the short seller blame gamer.

Of course you could partly blame Pres Bush/Reagan for helping keep us safe.Your constitution does mention President as commander in Chief, -NOT CEO.

And should anyone be silly enough to transfer Gitmo terrorists into Alcatraz Prison [ Rep Nancy P district,] yes you could blame him & her]LOL

I mean really, forget about all the USA businesses, small & great???????????????????????????????????????????????;
& pretend a Republican , or Democrat Pres/Sec Treasury can turn it around?????????????? Surely you jest.