As the Dow keeps dropping,

[NickD 203]

It sure doesn't help with all the news about the worthless stuff these investors have purchased, and the stock market depends on confidence in the market to survive. So how do you restore confidence? One way is to find all the bad guys and put them in jail, and to recover as much of the misplaced funds as possible. And to reestablish laws that offered protection that were taken away since the time of Reagan, Bush, Clinton, and Bush. We are talking about 28 years of problem making, and expecting it to be resolved in 28 days? Not even I am that good. What about you?

[I AM NOT THAT GUY 5,715]

It sure doesn't help with all the news about the worthless stuff these investors have purchased, and the stock market depends on confidence in the market to survive. So how do you restore confidence? One way is to find all the bad guys and put them in jail, and to recover as much of the misplaced funds as possible. And to reestablish laws that offered protection that were taken away since the time of Reagan, Bush, Clinton, and Bush. We are talking about 28 years of problem making, and expecting it to be resolved in 28 days? Not even I am that good. What about you?

*shudders at thought of a HAL 9000 being placed in control of the market indexes *

Given said known conditions... whom is ultimately responsible for playing the game?

I think it rather stupid to blame the new guy for something that's been foretold and trended for quite some time now. But then that's just plain old logical me.

The point is, that sooner, or later, the effects of what was done in the past will have less effect on the economy than what was done since Obama took office. No matter how bad the previous administration screwed up, or whether the excesses of the banks, and the investors, and the greedy CEO's, caused this problem, people are getting impatient. As the situation further deteriorates, they going to look directly to the President for immediate relief, and when they don't get it, they are going to get pissed at the person who can't give them what they want.

The article is a warning from the market, to get what needs to be done now, before the current administration, and the current Congress, fall completely out of favor with the American people.

Edited March 3, 2009 by Mister_Bill

[dalegg 143]

It sure doesn't help with all the news about the worthless stuff these investors have purchased, and the stock market depends on confidence in the market to survive. So how do you restore confidence? One way is to find all the bad guys and put them in jail, and to recover as much of the misplaced funds as possible. And to reestablish laws that offered protection that were taken away since the time of Reagan, Bush, Clinton, and Bush. We are talking about 28 years of problem making, and expecting it to be resolved in 28 days? Not even I am that good. What about you?

*shudders at thought of a HAL 9000 being placed in control of the market indexes *

Given said known conditions... whom is ultimately responsible for playing the game?

I think it rather stupid to blame the new guy for something that's been foretold and trended for quite some time now. But then that's just plain old logical me.

Its not like investors just found out who was going to be running things on January 18th though. They definitely knew in November, and anyone reading the tea leaves would bet on it in October. Investors could already smell what was cooking back then, and ever since they haven't liked what they smell.

[one...two...tree 2,762]

The market is basically a bet on how people perceive value at a future point. The problem is that we’ve forgotten about reasonable timelines and now view the market on a day-to-day basis (and did as it was going up as well as now on the way down). In addition to the other problems this causes, it also creates a political one. Yet while the President must be careful not to talk down the economy and to balance an honest assessment with confidence building measures, policymakers cannot allow the Dow to become a sword of Damocles. The country clearly needs a financial regulatory system that works differently coming out the other side of this recession than we had coming into it and that means some measures that will not be cheered on Wall Street or in the banking industry.

~ Andrew Rotherham

[HAL 9000 96]

It sure doesn't help with all the news about the worthless stuff these investors have purchased, and the stock market depends on confidence in the market to survive. So how do you restore confidence? One way is to find all the bad guys and put them in jail, and to recover as much of the misplaced funds as possible. And to reestablish laws that offered protection that were taken away since the time of Reagan, Bush, Clinton, and Bush. We are talking about 28 years of problem making, and expecting it to be resolved in 28 days? Not even I am that good. What about you?

*shudders at thought of a HAL 9000 being placed in control of the market indexes *

Given said known conditions... whom is ultimately responsible for playing the game?

I think it rather stupid to blame the new guy for something that's been foretold and trended for quite some time now. But then that's just plain old logical me.

The point is, that sooner, or later, the effects of what was done in the past will have less effect on the economy than what was done since Obama took office. No matter how bad the previous administration screwed up, or whether the excesses of the banks, and the investors, and the greedy CEO's, caused this problem, people are getting impatient. As the situation further deteriorates, they going to look directly to the President for immediate relief, and when they don't get it, they are going to get pissed at the person who can't give them what they want.

The article is a warning from the market, to get what needs to be done now, before the current administration, and the current Congress, fall completely out of favor with the American people.

Nobody's claiming the opposite of Obama never having an impact. I think its wise to look at things a little bit more realistically. When policy is enacted, then we can talk about adding Obama to any kind of trend and even forecast market behavior.

Lots of folks get upset when they don't get what they want. Specially greedy b*stards.

[Ban Hammer 13,641]

However, I do want the government to 'fix' health care because that is totally WRONG.

so you want your draft notice now or next week? that's your option currently for free health care

[HAL 9000 96]

It sure doesn't help with all the news about the worthless stuff these investors have purchased, and the stock market depends on confidence in the market to survive. So how do you restore confidence? One way is to find all the bad guys and put them in jail, and to recover as much of the misplaced funds as possible. And to reestablish laws that offered protection that were taken away since the time of Reagan, Bush, Clinton, and Bush. We are talking about 28 years of problem making, and expecting it to be resolved in 28 days? Not even I am that good. What about you?

*shudders at thought of a HAL 9000 being placed in control of the market indexes *

Given said known conditions... whom is ultimately responsible for playing the game?

I think it rather stupid to blame the new guy for something that's been foretold and trended for quite some time now. But then that's just plain old logical me.

Its not like investors just found out who was going to be running things on January 18th though. They definitely knew in November, and anyone reading the tea leaves would bet on it in October. Investors could already smell what was cooking back then, and ever since they haven't liked what they smell.

Without any action to sustain the markets since the last administration (and none yet in mass until who knows when)... you really can't blame a perception can you?

President Bush could have done something... but didn't.

Its like asking someone to stop Sisyphus' boulder at the critical mass point before it starts rolling back down again. Instead of helping him push it up to the top of the hill...

But again... it may be too late to just lay blame... and try something else (which is what apparently Obama is in the middle of right now). Eventually that boulder either stops or we make it so.

[I AM NOT THAT GUY 5,715]

It sure doesn't help with all the news about the worthless stuff these investors have purchased, and the stock market depends on confidence in the market to survive. So how do you restore confidence? One way is to find all the bad guys and put them in jail, and to recover as much of the misplaced funds as possible. And to reestablish laws that offered protection that were taken away since the time of Reagan, Bush, Clinton, and Bush. We are talking about 28 years of problem making, and expecting it to be resolved in 28 days? Not even I am that good. What about you?

*shudders at thought of a HAL 9000 being placed in control of the market indexes *

Given said known conditions... whom is ultimately responsible for playing the game?

I think it rather stupid to blame the new guy for something that's been foretold and trended for quite some time now. But then that's just plain old logical me.

The point is, that sooner, or later, the effects of what was done in the past will have less effect on the economy than what was done since Obama took office. No matter how bad the previous administration screwed up, or whether the excesses of the banks, and the investors, and the greedy CEO's, caused this problem, people are getting impatient. As the situation further deteriorates, they going to look directly to the President for immediate relief, and when they don't get it, they are going to get pissed at the person who can't give them what they want.

The article is a warning from the market, to get what needs to be done now, before the current administration, and the current Congress, fall completely out of favor with the American people.

Nobody's claiming the opposite of Obama never having an impact. I think its wise to look at things a little bit more realistically. When policy is enacted, then we can talk about adding Obama to any kind of trend and even forecast market behavior.

Lots of folks get upset when they don't get what they want. Specially greedy b*stards.

The Obama "policy" is already law, to the tune of close to a trillion dollars, and the House passed, and the Senate is considering, the framework for spending another 4.7 trillion dollars. Which "policy" are we still waiting for?

[HAL 9000 96]

It sure doesn't help with all the news about the worthless stuff these investors have purchased, and the stock market depends on confidence in the market to survive. So how do you restore confidence? One way is to find all the bad guys and put them in jail, and to recover as much of the misplaced funds as possible. And to reestablish laws that offered protection that were taken away since the time of Reagan, Bush, Clinton, and Bush. We are talking about 28 years of problem making, and expecting it to be resolved in 28 days? Not even I am that good. What about you?

*shudders at thought of a HAL 9000 being placed in control of the market indexes *

Given said known conditions... whom is ultimately responsible for playing the game?

I think it rather stupid to blame the new guy for something that's been foretold and trended for quite some time now. But then that's just plain old logical me.

The point is, that sooner, or later, the effects of what was done in the past will have less effect on the economy than what was done since Obama took office. No matter how bad the previous administration screwed up, or whether the excesses of the banks, and the investors, and the greedy CEO's, caused this problem, people are getting impatient. As the situation further deteriorates, they going to look directly to the President for immediate relief, and when they don't get it, they are going to get pissed at the person who can't give them what they want.

The article is a warning from the market, to get what needs to be done now, before the current administration, and the current Congress, fall completely out of favor with the American people.

Nobody's claiming the opposite of Obama never having an impact. I think its wise to look at things a little bit more realistically. When policy is enacted, then we can talk about adding Obama to any kind of trend and even forecast market behavior.

Lots of folks get upset when they don't get what they want. Specially greedy b*stards.

The Obama "policy" is already law, to the tune of close to a trillion dollars, and the House passed, and the Senate is considering, the framework for spending another 4.7 trillion dollars. Which "policy" are we still waiting for?

By how many days?

[I AM NOT THAT GUY 5,715]

It sure doesn't help with all the news about the worthless stuff these investors have purchased, and the stock market depends on confidence in the market to survive. So how do you restore confidence? One way is to find all the bad guys and put them in jail, and to recover as much of the misplaced funds as possible. And to reestablish laws that offered protection that were taken away since the time of Reagan, Bush, Clinton, and Bush. We are talking about 28 years of problem making, and expecting it to be resolved in 28 days? Not even I am that good. What about you?

*shudders at thought of a HAL 9000 being placed in control of the market indexes *

Given said known conditions... whom is ultimately responsible for playing the game?

I think it rather stupid to blame the new guy for something that's been foretold and trended for quite some time now. But then that's just plain old logical me.

The point is, that sooner, or later, the effects of what was done in the past will have less effect on the economy than what was done since Obama took office. No matter how bad the previous administration screwed up, or whether the excesses of the banks, and the investors, and the greedy CEO's, caused this problem, people are getting impatient. As the situation further deteriorates, they going to look directly to the President for immediate relief, and when they don't get it, they are going to get pissed at the person who can't give them what they want.

The article is a warning from the market, to get what needs to be done now, before the current administration, and the current Congress, fall completely out of favor with the American people.

Nobody's claiming the opposite of Obama never having an impact. I think its wise to look at things a little bit more realistically. When policy is enacted, then we can talk about adding Obama to any kind of trend and even forecast market behavior.

Lots of folks get upset when they don't get what they want. Specially greedy b*stards.

The Obama "policy" is already law, to the tune of close to a trillion dollars, and the House passed, and the Senate is considering, the framework for spending another 4.7 trillion dollars. Which "policy" are we still waiting for?

By how many days?

We are talking about expectations here. How long do you expect people to wait? For folks that have lost there jobs, and are watching their net eggs disappearing quickly, when can they expect relief?

[one...two...tree 2,762]

The market is basically a bet on how people perceive value at a future point. The problem is that we’ve forgotten about reasonable timelines and now view the market on a day-to-day basis (and did as it was going up as well as now on the way down). In addition to the other problems this causes, it also creates a political one. Yet while the President must be careful not to talk down the economy and to balance an honest assessment with confidence building measures, policymakers cannot allow the Dow to become a sword of Damocles. The country clearly needs a financial regulatory system that works differently coming out the other side of this recession than we had coming into it and that means some measures that will not be cheered on Wall Street or in the banking industry.

~ Andrew Rotherham

[I AM NOT THAT GUY 5,715]

The market is basically a bet on how people perceive value at a future point. The problem is that we've forgotten about reasonable timelines and now view the market on a day-to-day basis (and did as it was going up as well as now on the way down). In addition to the other problems this causes, it also creates a political one. Yet while the President must be careful not to talk down the economy and to balance an honest assessment with confidence building measures, policymakers cannot allow the Dow to become a sword of Damocles. The country clearly needs a financial regulatory system that works differently coming out the other side of this recession than we had coming into it and that means some measures that will not be cheered on Wall Street or in the banking industry.

~ Andrew Rotherham

I am getting a feeling of deja vu. Didn't I just read this in another post?

[HAL 9000 96]

It sure doesn't help with all the news about the worthless stuff these investors have purchased, and the stock market depends on confidence in the market to survive. So how do you restore confidence? One way is to find all the bad guys and put them in jail, and to recover as much of the misplaced funds as possible. And to reestablish laws that offered protection that were taken away since the time of Reagan, Bush, Clinton, and Bush. We are talking about 28 years of problem making, and expecting it to be resolved in 28 days? Not even I am that good. What about you?

*shudders at thought of a HAL 9000 being placed in control of the market indexes *

Given said known conditions... whom is ultimately responsible for playing the game?

I think it rather stupid to blame the new guy for something that's been foretold and trended for quite some time now. But then that's just plain old logical me.

The point is, that sooner, or later, the effects of what was done in the past will have less effect on the economy than what was done since Obama took office. No matter how bad the previous administration screwed up, or whether the excesses of the banks, and the investors, and the greedy CEO's, caused this problem, people are getting impatient. As the situation further deteriorates, they going to look directly to the President for immediate relief, and when they don't get it, they are going to get pissed at the person who can't give them what they want.

The article is a warning from the market, to get what needs to be done now, before the current administration, and the current Congress, fall completely out of favor with the American people.

Nobody's claiming the opposite of Obama never having an impact. I think its wise to look at things a little bit more realistically. When policy is enacted, then we can talk about adding Obama to any kind of trend and even forecast market behavior.

Lots of folks get upset when they don't get what they want. Specially greedy b*stards.

The Obama "policy" is already law, to the tune of close to a trillion dollars, and the House passed, and the Senate is considering, the framework for spending another 4.7 trillion dollars. Which "policy" are we still waiting for?

By how many days?

We are talking about expectations here. How long do you expect people to wait? For folks that have lost there jobs, and are watching their net eggs disappearing quickly, when can they expect relief?

People haven't been losing their jobs since the swearing in. Its been going on a wee bit longer than that. Perhaps that's why the President still has a very large approval rating in this particular issue.

And no, this is not a defense of his policy- which coincidentally is being opposed by exactly whom? So really... if we want to play expectations, projections, and forecasts... things may not be that bright (or they may, who knows?) for the Reps being so stubborn and frankly... dangerously close to imploding their chances at recovering much legislative ground before the next couple of election cycles.

[one...two...tree 2,762]

The market is basically a bet on how people perceive value at a future point. The problem is that we've forgotten about reasonable timelines and now view the market on a day-to-day basis (and did as it was going up as well as now on the way down). In addition to the other problems this causes, it also creates a political one. Yet while the President must be careful not to talk down the economy and to balance an honest assessment with confidence building measures, policymakers cannot allow the Dow to become a sword of Damocles. The country clearly needs a financial regulatory system that works differently coming out the other side of this recession than we had coming into it and that means some measures that will not be cheered on Wall Street or in the banking industry.

~ Andrew Rotherham

I am getting a feeling of deja vu. Didn't I just read this in another post?

Consider it a bump. Do you have any counter argument to it?

[HAL 9000 96]

The market is basically a bet on how people perceive value at a future point. The problem is that we've forgotten about reasonable timelines and now view the market on a day-to-day basis (and did as it was going up as well as now on the way down). In addition to the other problems this causes, it also creates a political one. Yet while the President must be careful not to talk down the economy and to balance an honest assessment with confidence building measures, policymakers cannot allow the Dow to become a sword of Damocles. The country clearly needs a financial regulatory system that works differently coming out the other side of this recession than we had coming into it and that means some measures that will not be cheered on Wall Street or in the banking industry.

~ Andrew Rotherham

I am getting a feeling of deja vu. Didn't I just read this in another post?

Consider it a bump. Do you have any counter argument to it?

Well I mean... (Mr Bill aside and all...) we did have a litany of whining not too long ago. I wouldn't be surprised to continue seeing it again and again for a while.