Financial News * Open Thread & Bonus Video: “Barack’s biggest blunders”
By NoQuarter on September 30, 2008 at 4:00 AM in 2nd Amendment, Barack Obama, Bush faith-based programs, Economy, FISA, Flip Flopping, Foreign Policy, Gun Control, Iraq, Israel, Jeremiah Wright, Open Thread, Rev. Jeremiah Wright Jr., Rev. Otis Moss
How are the markets doing? Where are you at on the bailout deal?
OPEN THREAD.
Time for McCain to suspend his campaign again. We need his bold leadership now more than ever!
nah. let it burn. once the country completely collapses, we can just pray that the Omessiah heals all.
That’s very funny, but the truth be known, Omessiah doesn’t want to heal us. He wants us to stay broken for another 8 years.
I think we need to do something, I just don’t know what that is. I tend to agree with the Republicans on this one because they have more of a tendancy to shy away from huge government intrusion on the markets. We don’t need more government and we need a plan that’s smaller and more streamlined. I know there’s a way to fix this that doesn’t include hanging us taxpayers out to dry with a $700 billion dollar bill.
I can’t believe the Democrats are getting away with blaming the Republicans for this bill not passing. WTF?? There are 235 Democrats, it takes 218 to pass. How on earth is this the Republicans fault that it didn’t?? For the media to blame the Repubs for this is just another instance of total and complete media negligence. They have so much to answer for and no one is able to make them do it. All I can say is that Karma’s a bitch. Someday soon they’ll get theirs.
Start watching FOX. They aren’t blaming the Republicans. They are telling it like it is.
Futures are looking very good. Maybe a dead cat bounce. Lower volume and higher volatility today due to the New Year. For any significant and lasting improvement in the market, some sort of economic rescue plan is needed. The best ideas I’ve heard are coming from the Republicans who are calling for a temporary suspension of cap gains and repatriation taxes, the elimination of Mark-to-Market, and insurance for the bad loans. That’d give a substantial boost to the market and the economy as investment money, both foreign and domestic, flow in.
HAPPY 5769!
I lost a serious chunk of money during the last week. Yesterday it was Apple. Apple? This has now become the baby with the bath water sell off. Capitalism is on trial here. If we want to become FRANCE, then by all means, proceed with a bailout. If instead, we want to correct dozens of years of excessive credit and the ills it has created, these small steps, taken with insuring some class “A” asset based loans may help loosen things up. But a depression may in fact be necessary.
There’s a nice little bump up today.
Must be a fun time for day traders.
Barack Hussein Obama biggest blonder need to be taken seriously. Either he is blundering purposely or out of total ignorance or foolishness.
Every time Obama mocks McCain knowledge of the economy it gives a hurtful blow to the economy by assaulting it psychologically.
Barack says, ‘John McCain said the fundamental of our economy are strong. John, what economy are you talking about?’
No democratic economy can take a blow like that. When the candidate running for President of the country mocks its economy, in the midst of a recessionary period and says to thousands of people in a mocking tone ‘what economy are you talking about?, you give the economy a hurtful if not a mortal blow.
The more Barack Hussein Obama says that the more difficult for the economy to recover and the more hurtful the blow because the more he says it the more it makes it a reality.
Having said that then, either Barack Hussein Obama is the biggest fool in history or he is a terrorist in disguise. Either way, until Barack Obama realizes the mistake of his ways, quits mocking the economy and actually reverses his course by praising whatever economy he knows to exist, we will continue a race to the bottom of an economic disastrous pitt.
The worse part of Obama’s derision of our economy is that 1) no one is contradicting him or correcting him for fear the MSM would make a fool of them and 2) Nancy Pelozi, the leader of the House of Representative in Congress goes out a makes a speech reinforcing the idea that our economy is not sound.
So until these attacks to the economy stop, the American economy will not recover but will continue to fail, slide down and tank with vengeance.
Meanwhile, lark, conservative writers are now dumping on Sarah Palin. Can’t blame MSM bias or Democrat smears for that, am I right?
Debbie Schlussel: “All the conventional pundits say she’s been over-coached and needs to be herself, but they’re wrong. … She’s an ignoramus.”
Rod Dreher: “Palin’s inadequacies are not fictions created by the media.”
Lawrence Auster: “It wasn’t Couric’s fault that Palin made a fool of herself by insisting that being Alaska governor involves significant foreign policy experience.”
Kathryn Jean Lopez: “She looks like a woman who’s been cramming talking points and great Matt Scully lines and Mark Salter-McCain war stories and Steve Schmidt marching orders into her head since that first plane ride from Alaska.”
This reminds me of Ferraro
http://www.time.com/time/magazine/article/0,9171,952425-6,00.html
Monday, Jul. 23, 1984
Despite that polished performance, Ferraro has drawbacks. Her lack of national experience, especially in foreign policy, offers a target to Republicans, who will contrast it with the impressive résumé of Vice President George Bush. Ferraro’s supporters retort that the foreign policy credentials of such Republican choices as William Miller in 1964 and Spiro Agnew in 1968 were next to invisible.
Reminds you of Ferraro? Well… except for the “polished performance” part, yeah, maybe.
Rep. Ferraro had no business running for vice president either. She was a “stunt” pick too.
Yes, Vince, you’re onto something. Reminiscent indeed.
Why do you hate women UBM? You really should seek therapy on this…seriously. Governor Palin has more experience and leadership skills in one pinky than Obamasoretoro does in his whole body! Now don’t get the shakes UBM….I said it, a woman, yes a WOMAN can be better than your empty suit. In fact, many, many women are better than Barry!!!
“Kathryn Jean Lopez: “She looks like a woman who’s been cramming talking points and great Matt Scully lines and Mark Salter-McCain war stories and Steve Schmidt marching orders into her head since that first plane ride from Alaska.””
I agree with Ms. Lopez’s article. We don’t know who Governor Palin is. We know what the left and the media has dug up about her - a mix of embellishment, half-truths and truths. We know what her friends, family, ministers and foes have told Greta van Susteran. We know what the McCain campaign has told us, which was a mix of embellishment, half truths and the truths too. Among all the embellishments, half truths and truths is the real person and we have yet to meet her.
We’ve had three interviews now where Governor Palin did her best to repeat what she learned and memorized in her cram sessions. By the time she made it to Katie Couric, her cram sessions were coming out in a disjointed, incoherent mess.
The McCain campaign has made the mistake of thinking it could in a few weeks turn a greenhorn (no experience on the national political stage), two year governor from Alaska into a facade of expertise on domestic and foreign policy who could play with the big boys and girls. The American public fell in love with her because of her greenhorn-ness and fresh views. She wasn’t biased and clouded with years of experience toiling in the world of domestic/foreign policy and playing with the big boys and girls.
The ace in sleeve that Governor Palin brought to the McCain campaign was that she was a greenhorn politician with fresh ideas. The McCain campaign has managed to kill that image. Instead their crash course to make her appear on top of every issue has emphasized her lack of knowledge and inexperience with national and foreign politics. They should have just let her be Sarah Palin, the person who tackles a political office with little experience and knowledge and uses her intelligence and instincts to come out a winner.
Yep, kind of like yelling fire in a theater. Someone told me that they’d heard a little blurb about runs on banks, but that’s all they’d heard, and of course, they can’t find it. I’m getting really, really tired of important news being ignored while the MSM focuses on The One, and the latest Hollywood silliness of the day.
“either Barack Hussein Obama is the biggest fool in history or he is a terrorist in disguise.”
I have had a sick feeling from the beginning that he is the latter.
EVERYONE in his circle of friends and mentors want to destroy our country. He is involved with those responsible for this economic crisis. He has accomplished to divide this country on race, religion, sex in a few short months. To me that is part of the plan to destroy us. Follow the money and you get all of the answers to who he is and what are his REAL plans of change.
BO is a DANGER to our country
i absolutely agree with this and have thought so since day one. the problem is how to convince the rest of america in 5 short weeks?
sorry to be off subject, but check out this post I found in relation to Obama’s growing forces of truth squads around the country. Is this the beginning of his National Civilian Security Force?
http://www.rense.com/general83/over.htm
If anyone wants a good laugh over, at Taylormarsh the obamazoids are celebrating and back slapping over the failed bailout vote. It’s the REPUBS fault that the DEMS under the masterful direction of Omessiah can’t even stick together to pass a bill when the Dems have enough votes to pass it without ONE SINGLE Repub vote. Anyone else notice her visits and comments have gone down the tubes in numbers since the obamazoid infection. Shame really, used to be a really good site. Now it’s just another propaganda outlet. And I hate to say it but she must shoulder responsibility, she allows obamazoid attempts at bullying and intimidation.
Taylor Marsh sold her online soul the to the
devilObama campaign.She deserves to have no traffic.
Aw. Don’t pick on Taylor. She lives in MO. She is not allowed to have a mind there.
LOL….funny that….in a scary sort of way…chuckle…
The same could be said about myDD. The atmosphere there feels like a high school locker room. Is the average online Obama supporter even old enough to vote?
These young kids have never been through a depression. Plus they have been coddled all their lives by doting parents who spoiled them. Then they went to school where doting teachers were more interestetd in their self esteem than real history lessons. God help us if they manage to elect this demagouge to POTUS.
Hmmm….FASCIST is as FASCIST does…nuff said…
One more change…
http://www.youtube.com/watch?v=3Ac3oWW7Ilw
Two things, these speeches are given to thousands of people and are scrunchy at best. Saying that the long term fundamentals are in need of repair requires immediate definition of terms. He is so stupid that he does not understand his words mean something, only because he is running for President. What is long term? What is fundamental? A presidential candidate (who in his case mimics a professorial personality) owes it to the country to define and be clear when he speaks about something as delicate as the economy.
Second, I can assume that his attacks and Pelozi’s attacks against the soundness of the economy would end when and if he’s elected president. Okay then lets elect him and the attacks will end. But then we have a elected a fool for president. That in itself extends the foolishness to all.
McCain neeeds to start fighting back. I see only Obama ads in NoVa. Also Laura Ingram on talk radio (gag!) goes after McCain/Palin samelessly. Don’t know what happened - McCain was responding pretty well earlier.
I thought it was a mistake to suspend his campaign originally but now he could justify it - but I don’t hear anything from him. Unless the media just isn’t playing his ads? And I haven’t heard the Repubs give him any credit so far.
Blunder Number 1: Coming to America.
ROFLMAO….TD is posting info that Soeterobama was adopted by Daddy #2 in Indonesia
Things are gettng interestink…Berg lawsuit and whatnot…Hmmm….
This is so upsetting.
Kinder sing for the ONE:
http://www.youtube.com/watch?v=TW9b0xr06qA
Sing for Change Obama
Yes… After reading the headline
Obama Kids Sing for Dear Leader
I think Matt Drudge wasn’t so impressed either. Personally it made me ill ….
Unlike Clinton, Biden Gets Pass for Saying He Was ‘Shot At’ in Iraq
When Hillary Clinton told a tall tale about “landing under sniper fire” in Bosnia, she was accused of “inflating her war experience” by Barack Obama’s campaign — but the campaign has been silent about Joe Biden telling his own questionable story about being “shot at” in Iraq.
When Hillary Clinton told a tall tale about “landing under sniper fire” in Bosnia, she was accused of “inflating her war experience” by rival Democrat Barack Obama’s campaign.
But the campaign has been silent about Obama’s running mate, Joe Biden, telling his own questionable story about being “shot at” in Iraq.
“Let’s start telling the truth,” Biden said during a presidential primary debate sponsored by YouTube last year. “Number one, you take all the troops out - you better have helicopters ready to take those 3,000 civilians inside the Green Zone, where I have been seven times and shot at. You better make sure you have protection for them, or let them die.”
But when questioned about the episode afterward by the Hill newspaper, Biden backpedaled from his claim of being “shot at” and instead allowed: “I was near where a shot landed.”
http://elections.foxnews.com/2008/09/30/unlike-clinton-biden-gets-pass-saying-shot-iraq/
Democrats See the Pros and Cons of Letting Biden Be Biden
By Perry Bacon Jr.
Washington Post Staff Writer
Tuesday, September 30, 2008; A06
Introducing Sen. Barack Obama at a rally in Detroit on Sunday, his running mate did not hold back.
“John McCain said he’d follow Osama bin Laden to the gates of hell,” said Sen. Joseph R. Biden Jr. “Well, let me tell you something: President Barack Obama will follow him to where he lives and then send him to hell.”
Biden’s latest ad-lib drew laughter and cheers from the crowd, but there has been a downside to the Democratic vice presidential nominee’s freewheeling style: a string of comments that either don’t reflect campaign positions or misstate basic facts.
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/29/AR2008092903438_pf.html
I got this email suggestion today and it does make a good idea.
There are lots of list out there of banks that may be in trouble. I went to a few sites to finds out if our bank may be in trouble. Best thing to do is find out from your bank or Internet site of your bank what percentage of their assets are tied up in this mess. Here’s my opinion of why you need to find out.
All accounts over 100,000.00 are not federally insured. Well you think that doesn’t effect you. It does.
The people and companies that have accounts over this much aren’t going to leave their money in the bank if they think the bank is in trouble. They will loose it. How does that effect you.
When company’s think that the bank they have their money in is in trouble they will withdraw this money so that they can meet their operation expenses, payroll etc. This lowers your banks ability to operate, lending money, investing money etc. Their cash on hand decreases because they have lowered their liquid assets. Their value drops. And they go under.
Well you think that your accounts are federally insured because you have less than 100,000.00. And they are. Can you wait for 2 weeks or more to get your money from the FED’s. Most of us live from pay check to paycheck. If your bank does go under then you will have to wait until you get your money from the Fed’s. Well should you get your money out of the bank. Not necessarily, because you will be adding to the problem that is happening now. Don’t panic. Check our your bank, go and ask your bank officers what their liquidity as a bank is. And don’t just take their word for it. Go online and find out by researching the bank. There are lots of sites. I plan on keeping up our bank what their liquid assets are verses their ability to meet the deposit.
Oh how I hate that person.