Obama is looking terrible through his first 55 days or so of leadership. It isn't entirely his fault, but his way of handling a crisis is just compounding everything. Where is "hope" when "catastrophe" is now being used? Sure, lately he has tried to assure the American people but that has happened after the nasty $787 billion "stimulus" bill was passed. Just wait until he wants some more money -- fear mongering will return!
I'm making a killing on GM and Citigroup so far. This is the right time to get into these huge companies that are available at rock bottom prices. I feel quite confident they will not go bankrupt. And even if they do - OK. I'm out some money. But if they return to their old prices (eventually) I will be up BIG. It's a smart risk to take. Those that win big are willing to take risks. It's so wonderful that we have a real leader in the White House right now. A man who is intelligent and pragmatic and who also has the charisma and charm necessary to give the country hope. Those qualities are important. Can you just imagine if we had McCain/Palin in the White House right now? That would be truly frightening. It's like after 8 years of blundering we finally have someone who knows what they are doing and who is making positive change for this country. And what's the worst the right wingers have? That he's "doing too much" ??? HA! Are they really seriously trying to use "doing too much" as a negative? It's pathetic. Also: I'm reading a book on FDR's first 100 days right now. Quite interesting. I recommend leaning about history, it will help you to understand the events of today. Knowledge is power. Lou Dobb is a right wing hack. And that's a pointless example. She would never vote for a Republican because of what Republicans stand for. If someone is a Republican that means they are against civil liberties and for extreme corporate power. Those things are never OK. Unless what it means to be a Republican changes then why would anyone who believes in equal opportunity and civil liberties vote for one?
Oh please, Lou dobbs is a total right wing nutjob... " Mr. Independent " my ass Lou.. all he does is complain about immigrants and the ' mainstream liberal media ' on his show.
Representative Maxine Waters, Democrat of California, a senior member of the congressional committee that oversees banking has been directing bailout funds to a bank that her husband served on the bank’s board and owns $250,000 of its stock. http://www.nytimes.com/2009/03/13/us/politics/13waters.html?_r=1&hp
Last night, CNN poll reported that the percentage of Americans that are are unhappy with how Obama is handling the banking crisis has gone up to 52% - and rising. I never realized how bad it was... I was scanning the news channels last night and the only commentators who seems to be on Obama's side are that tool Wolf Blitzer on CNN, and court jester Keith "I have a tingle up my leg" Olbermann. CNN's Cafferty is sort of supporting Obama, but he has no choice because he has a left-wing pro-Obama book coming out. Except for those, on Fox, CNN, MSNBC, CNBC, Bloomberg... - most EVERYONE is blasting the Obama recovery plan as being ineffective!
First, Wolf Blitzer is the most traditional unbiased reporter on the cable news.. name a reporter on cable news who is better than him at providing unbiased news... Greta Van Sustersan is a close second or third if you ask me.. but anyway- I watch Wolf Blitzers newscast every day, and I have never seen him take a bias. Keith Olbermann supports it because he is a LIBERAL COMMENTATOR- not a news anchor.. Jack Cafferty is sort of a liberal leaning moderate from what I see, I watch the situation room every day and I see him mostly leaning liberal but I've seen him say bad things about democrats before... The plan is not ineffective, what do you propose? Sitting around and doing nothing? Like all the republicans think will work.. it will NOT. When there is an ailing economy, a conservative President is a failure- look at Bush 43 and Hoover.. Donald Trump said that Obamas plan will work and that we will be out of this in two years on Larry King tonight.. and I think someone like Trump knows what he is talking about.
Obama is handing out money like there's no tomorrow to all these wasteful corrupt companies, but he is now telling American soldiers that if they get hurt in the line of duty they're on their own?
HAHAHAHAHAHAHAHAHAHAHA!!!! (whew!) Blitzer is a total tool for the Democrats. It's laughable and ridiculous to even sit down and think of anything different.
The alternative usually proposed is to treat the root of the problem and not the symptoms. That is, the solution proposed is to FREE UP CREDIT. Once the banks start lending money again, everything else falls into play. THIS is the chief criticism of Obama's plan from IBD, Barron's, and WSJ. I remember one commentator suggesting that instead of giving the banks the bailout money to do with as they wish, the money should be made available to the banks tied to loans. If a bank loans $50M, the Fed gives the bank $70M ($50M for the loan + $20M for the bank). This way, credit is freed up. "Congress spends like a drunken sailor. And that's unfair to the sailor because a sailor spends his own money. And in the morning, he's sober".
Kind of Ironic that Barney Frank is scorning AIG and ranting about the executive "retention pay", meanwhile Fannie and Freddie (the former run by his gay lover) are now doing the same. Lets not forget the Frank will gladly accept his mandatory cost of living increase as a member of congress. The hypocrisy is rampant in Washington.
I can give you one immediately... I'm watching Wolf on CNN, 5:43PM EDT. He's talking about the bonuses for the AIG executives, and the issue was who was the lawmaker that changed the AIG bailout bill to remove the restrictions on bonuses - and never recorded the mysterious change. Blitzer just said: "The mystery lawmaker was [Democrat] Chris Dodd and you just saw him step up to the plate and he said he's sorry. (pause) Shouldn't we move on?" The rest of the story, is that CNN's Dana Bash exposed Democrat Chris Dodd yesterday for secretly changing the language that allowed the bonuses. Dodd first lied and said it wasn't him. But now that he's cornered, he admitted he did it. He claims that somebody at Treasury told him to do it (which is, of course, a clear violation of the Constitution's separation of powers). Awww... A democrat SECRETLY modifies the bailout terms to REMOVE the restrictions on bonuses. He does it without properly recording the change in the Congressional Record (which is MOST DEFINITELY illegal and probably unconstitutional). He lies about doing it. He admits to violating the U.S. Constitution. But, he says he's sorry, so, Wolf wants to just give him a pass! Awww..... Awwwww..... I read today that some people that side with Democrats are like abused wives. The elected Democrats constantly beat them, and lie to them, but the supporters make excuses for the Dems, even take the blame for the abuse. With each passing week, Obama continues to make blunder after blunder - even going to court to reinstate wiretaps and torture (yes, torture!) yet his blinded supporters refuse to see the harm that he and his tax cheat minions are doing to the country. Like the abused wives, the Obamanites make excuses and continue to take the abuse. I'm particularly upset because I told my friends that I thought Obama would do the right thing. I even posted that here. And he's betraying us all. He's turning the USA into a Communist nation ("government owns the means of production"). Wolf Blitzer is a tool.
You used to have some grasp of what Republicanism meant, but now it's like you have amnesia; what happened to you? Were you sucked in to the hope-nosis vortex too? Spread the wealth over here buddy, what are ya doin' with all that private capital? I thought you didn't believe in the individual? So what are ya doin' with my money?
Citigroup and GM keep going up... SWEET. The Obama recovery is making me a helluva a lot of money. And this is just the beginning.
Fuzzy Math? Wrong. Let me use an example to explain it to you: If I bought $1000 worth of Citigroup at $1.00 (unfortunately I didn't get in quite that low) and then the stock rises back to over $50 (where it was before the recession started) then my stock is now worth over $50,000. I am certainly not stating that there's a guarantee that Citigroup will return to those levels but I think it's certainly possible that within Obama's 8 years it will. I'm currently putting as much money as I can into the stock market, I'm investing in America's future. Those of us who are true American patriots (*wink*) are invested in America's success (not America's failure like Rush Limbaugh.)
If you think Obama has anything remotely to do with any of this you are sadly mistaken. You're not putting money into America's future. You're a bottom feeding day trader. People who invest in the market stay there for the long haul. They don't play it like quarter slots in an Airport lounge in Vegas. If Obama is around 8 years, you're not only going to have less, you're going to pay more of it to the government. You might want to actually listen to Rush once, since you brought him up. Kids these days... Funny.
I have listened to Limbaugh. I even used to watch his ridiculous TV show back in the '90s. I like to know what kind of nonsense he is spreading. It's good to know. I argue that investing in GM & Citigroup is investing in America's future. These are two of America's biggest companies that are vital to America's recovery. I am not "daytrading" with them, I am planning on holding them for quite some time as I believe they will eventually hit their pre Bush Recession prices. I expect this country to be in a very good place by 2017 if the Republicans get out of the way and let President Obama do his job. It's so ridiculous that the same people who wanted everyone to fall in line behind Bush when he was screwing this country into the ground won't get behind a President who actually knows what he's doing now. They are showing their true colors. True Americans support President Obama