As the Dow keeps dropping,

[Sofiyya 1,687]

Obama has said that as far as he is concerned, the market is merely a day to day barameter that he can ignore because his goal is to fix things for the long run.

Rahm Emmanual is famous for counseling Dimocrats that they should take advantage of any national crisis in order to advance their (socialist) agenda.

Don't expect any financial solutions soon. As long as the Dims believe they can benefit from the downturn and blame it on Bush to create more ** alliances, they will do so. They are way too beholden to those that brought them to the dance - labor, ethnic self-interest groups, pro-abortionists, radical enviromentalists, open border proponents and the like - to concern themselves with your kid's college fund, your job or your 401K.

Edited March 4, 2009 by Virtual wife

[Sofiyya 1,687]

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.

A nation of whiners for real very soon.

[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.

A nation of whiners for real very soon.

Didn't even need to bump it.

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

Obama has said that as far as he is concerned, the market is merely a day to day barameter that he can ignore because his goal is to fix things for the long run.

Rahm Emmanual is famous for counseling Dimocrats that they should take advantage of any national crisis in order to advance their (socialist) agenda.

Don't expect any financial solutions soon. As long as the Dims believe they can benefit from the downturn and blame it on Bush to create more ** alliances, they will do so. They are way too beholden to those that brought them to the dance - labor, ethnic self-interest groups, pro-abortonists, radical enviromentalists, open border proponents and the like - to concern themselves with your kid's college fund, your job or your 401K.

That's pretty cynical.

[Sofiyya 1,687]

Obama has said that as far as he is concerned, the market is merely a day to day barameter that he can ignore because his goal is to fix things for the long run.

Rahm Emmanual is famous for counseling Dimocrats that they should take advantage of any national crisis in order to advance their (socialist) agenda.

Don't expect any financial solutions soon. As long as the Dims believe they can benefit from the downturn and blame it on Bush to create more ** alliances, they will do so. They are way too beholden to those that brought them to the dance - labor, ethnic self-interest groups, pro-abortonists, radical enviromentalists, open border proponents and the like - to concern themselves with your kid's college fund, your job or your 401K.

That's pretty cynical.

It's being realistic.

[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?

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.

The Republicans are not in charge of the federal government. The president has the best conditions possible for getting his policies enacted into law. There is only one ship of state, and his hand is firmly on the wheel. His job approval rating is sinking, less that 59% at the last poll, and before that ship starts taking on too much water and sinking, he better get up to calm waters.

Jim Cramer and Harold Ford are on MSNBC right now, telling Obama what I am saying right now. Obama is telling everybody to ignore the market as it bobs up and down, but people are looking at their portfolios and seeing them go one direction: DOWN!

[HAL 9000 96]

Ok. So it is. Now what?

[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?

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

We are beyond that arguement.

[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.

The Republicans are not in charge of the federal government. The president has the best conditions possible for getting his policies enacted into law. There is only one ship of state, and his hand is firmly on the wheel. His job approval rating is sinking, less that 59% at the last poll, and before that ship starts taking on too much water and sinking, he better get up to calm waters.

Jim Cramer and Harold Ford are on MSNBC right now, telling Obama what I am saying right now. Obama is telling everybody to ignore the market as it bobs up and down, but people are looking at their portfolios and seeing them go one direction: DOWN!

Breathe...

In... Out...

Like I said... how many days?

[I AM NOT THAT GUY 5,715]

Ok. So it is. Now what?

Good! Now that we got past that, we can start throwing solutions at the wall and see what starts to stick. (Unconstrained estimate for you management types!)

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

Obama has said that as far as he is concerned, the market is merely a day to day barameter that he can ignore because his goal is to fix things for the long run.

Rahm Emmanual is famous for counseling Dimocrats that they should take advantage of any national crisis in order to advance their (socialist) agenda.

Don't expect any financial solutions soon. As long as the Dims believe they can benefit from the downturn and blame it on Bush to create more ** alliances, they will do so. They are way too beholden to those that brought them to the dance - labor, ethnic self-interest groups, pro-abortonists, radical enviromentalists, open border proponents and the like - to concern themselves with your kid's college fund, your job or your 401K.

That's pretty cynical.

It's being realistic.

You don't think, however misguided or wrong you believe the Left may be, that their intentions are ever sincere?

[HAL 9000 96]

Ok. So it is. Now what?

Good! Now that we got past that, we can start throwing solutions at the wall and see what starts to stick. (Unconstrained estimate for you management types!)

Forgot the quotes. That was for the forum cynic extraordinaire.

I prefer throwing gummy things at walls.

Like I said... how many days?

[Ban Hammer 13,641]

Obama has said that as far as he is concerned, the market is merely a day to day barameter that he can ignore because his goal is to fix things for the long run.

Rahm Emmanual is famous for counseling Dimocrats that they should take advantage of any national crisis in order to advance their (socialist) agenda.

Don't expect any financial solutions soon. As long as the Dims believe they can benefit from the downturn and blame it on Bush to create more ** alliances, they will do so. They are way too beholden to those that brought them to the dance - labor, ethnic self-interest groups, pro-abortonists, radical enviromentalists, open border proponents and the like - to concern themselves with your kid's college fund, your job or your 401K.

That's pretty cynical.

less chance for disappointment that way.

[I AM NOT THAT GUY 5,715]

Ok. So it is. Now what?

Good! Now that we got past that, we can start throwing solutions at the wall and see what starts to stick. (Unconstrained estimate for you management types!)

Forgot the quotes. That was for the forum cynic extraordinaire.

I prefer throwing gummy things at walls.

Like I said... how many days?

My question exactly. How long do we wait?

[Trumplestiltskin 5,791]

Obama has said that as far as he is concerned, the market is merely a day to day barameter that he can ignore because his goal is to fix things for the long run.

Rahm Emmanual is famous for counseling Dimocrats that they should take advantage of any national crisis in order to advance their (socialist) agenda.

Don't expect any financial solutions soon. As long as the Dims believe they can benefit from the downturn and blame it on Bush to create more ** alliances, they will do so. They are way too beholden to those that brought them to the dance - labor, ethnic self-interest groups, pro-abortonists, radical enviromentalists, open border proponents and the like - to concern themselves with your kid's college fund, your job or your 401K.

That's pretty cynical.

It's being realistic.

It would only be realistic if you had a general apathetic disdain for partisan politics.

Otherwise some might call it being disingenuous.