Wall Street Journal on the "Obama Crash"

[saliva]

Quote from rwk:

It might be a little early to start blaming Obama for all our economic woes, since he is still 9 days from being elected and 2 1/2 months from taking office. Most political analysts agree it's probably Clinton's fault, or if not, then Carter's for sure. Ya gotta blame somebody...

So it can't be Reagan's fault then, eh? All you Repblican morons need to get a grip on yourselves. Yeah, I personally blame Nixon for the current mess. After all, that SOB promised we would end our dependence on foreign oil (I won't even bother to go into Bretton Woods). Shame, shame!

 

[Wallace]

well i was thinking reagan's de-regulation and the entry of
greenspan in '87

repeat: when sears laid-off workers in the 80's recession along
with giving the workers their last cheque they cancelled their
sears credit accounts
doesn't matter how much money the banks now have they ain't
going to lend to anyone they don't want to lend to which is the
current state of affairs; the slowdown is still gathering momentum
ie the economy - world - and the financial industry as it used to
exist no longer does so

a major re-design is going to occur but it can't begin until after
jan 2009 whoever the next president is

 

[stock_trad3r]

We need less regulation and more speculation. There is no denying that Reganomics has been great for the stock market.

 

[oktiri]

Quote from stock_trad3r:

We need less regulation and more speculation. There is no denying that Reganomics has been great for the stock market.

I envy your delusional optimism.

 

[nutmeg]

I've been keeping score, so far we can blame Clinton, Carter, Nixon, Reagan and currently Obama who is not in office.

I blame Oedipus.

 

[oktiri]

Quote from nutmeg:

I've been keeping score, so far we can blame Clinton, Carter, Nixon, Reagan and currently Obama who is not in office.

I blame Oedipus.

You forgot : Tip O'Neill.

 

[arealpissedgoy]

you are another ideologue maggot I'm gladly putting into the ignore pile


except for your utter bullshit right wing obama memes. You have nothing useful to post of your own


Yet another marginal low life playing trader. We can only hope and pray you hang yourself in frustration.

Quote from wilburbear:

"Credit markets have started to thaw, yet stocks and the larger economy keep sliding. What's going on? Among the problems are the reality of recession and the uncertainty over Barack Obama's policies."

Uncertainty? The farthest-left Senator in U.S. history, with a Democratic Congress? His idea is to resurrect the old Soviet Union - without the 1% of free market aspects that existed under Stalin. Too conservative.

Go ahead, vote money out of your wallet.

 

[wutangfinancial]

Market returns are generally higher under democrats.

Obama's economic advisers are all defenders of capitalism.

Calm down.

 

[saliva]

If we really must assign blame, there's no question that would fall squarely on Greenspan & Co. Had you watched how he handled 2000-2003 bear market, you would know how sloppy he was. He pretty much initiated a course of panic rate cuts as the market took a freefall. In my eyes, he looked more like a noob trader who panics and sells at the wrong time. Ironically, Bernanke is repeating the same mistake of his predecessor.

These boneheaded academic clowns are the real cause behind the current meltdown!

 

[rock34748]

What should he have done? Serious question, not picking at you at all as I value your posts, although you would call me a right winger

Quote from saliva:

If we really must assign blame, there's no question that would fall squarely on Greenspan & Co. Had you watched how he handled 2000-2003 bear market, you would know how sloppy he was. He pretty much initiated a course of panic rate cuts as the market took a freefall. In my eyes, he looked more like a noob trader who panics and sells at the wrong time. Ironically, Bernanke is repeating the same mistake of his predecessor.

These boneheaded academic clowns are the real cause behind the current meltdown!