lol. Krugman hasn't approved of Obama's economic plans the whole time. Krugman wasn't there to lose in the first place. By the way it's funny that you are speaking for the entire city in your signature. It's also odd that it got under your skin so much, since part of what I was trying to do was share some friendly home owner talk with you. Well I guess I'm honored to have basso's version of NYC telling me to drop dead.
+1 ftw. Look, I don't ascribe to being on either side, but the con-plaining about Obama (translation: not "winning") and the marketing of GOP propaganda, instead of focusing on solutions, is just so transparent and played out. 'Wahhh, LOOK SEE IT'S NOT WORKING THEY SUCK WE WERE RIGHT AND WE'RE ACTUALLY REALLY AWESOME.' If the cons are so smart, they should have shown it in the election. McCain lost. Go ahead and keep your sticker that shows you supported the loser so you can't be blamed for anything that doesn't work out, but for Jeebus' sake, quit complaining and get onboard with trying to be involved in solutions instead of fingerpointing... instead of digging your heels in to get some sort of eventual imaginary political gain through marketing propaganda at the expense of everyone in this country. In my opinion, Mr. Limbaugh made the largest mistake ever by admitting to everyone that he, and thus apparently the GOP sheeple who won't stand up to him, want, and will do whatever they have to, to ensure Obama fails in whatever he tries, whether it is for our own good or not. Unacceptable. Anti-american in its truest sense. I don't care if you're right or wrong, hoping a plan to save the American economy fails just so you can be "right" and give America a big "We told ya so" later, hoping it will translate into some newborn momentum in election future is the most asinine political stance I have ever seen.
I support Obama but I think the Obama team could do and say more to give people confidence. They need to come up with a clear and direct way of getting out of this banking crisis. If its nationalization of the banks, then I wish they would say it and we can all move on. It just seems like we are in a state of limbo and everything is getting worse by the second.
Honestly, is there anyone who is actually informed that still thinks that Obama is even remotely competent on fiscal/economic policy? No rational consumer of news could possibly feel that way after Porkulus, the largest budget deficit ever, tax hikes during a recession, waging war on business and the wealthy, greatly expanding gubmint handouts, etc. That kool-aid? Yeah, it just got puked up.
Irrational Obama hatred is a winning strategy. Keep it up and you'll be able to take advantage of the time when his approval ratings dip below 65%. Grouped with your obvious cluelessness about the mood of the country and your elevation to saviors of the people whose greed and sketchy morals got us here and I don't see how you can fail. Keep it up. It took Bush 8 years to create this world. Obama, even if he is seancing with Washington, Jefferson, Lincoln, Teddy, FDR, Adam Smith, and Keynes every night, will not solve things in 6 weeks. He could be much further along if he didn't have to factor in the wackiness of "just say no" Repub politics these days, but what do you expect of a party of Birthers who follow Rush? Krugman and others are worried that Obama's not bold enough in his approach, but it seems to me he's done a good job of pushing the "bold" envelope given the rules of the Senate. The title of this thread is ironic, given that Obama is the one proposing action and driving the agenda while his critics dither and try to anything to stop him regardless of how beneficial those actions might be... in fact, there is a direct correlation between how opposed Republicans are and how much good Obama's plans will do because like in the previous 8 years, they put party over country. And basso... don't make absurd comparisons to the economic situation and the Iraq war. We are in our economic situation in part because Iraq was such a stupid and wasteful endeavor.
Obama is off to a horrible start. Investors have voted a resounding "fail" to Obama/Geithner's solutions
I hope that Obama will be able to enact policies that will make things better. That being said, I am concerned that the stimulus will be spent unwisely. Rather than work projects that will create jobs, the stimulus will be spent on unnecessary items that will not create nearly the jobs I was hoping for. It is clear that the market has not been impressed with the plans thus far. Sadly, the market is the best indicator that we have right now. Companies do their hiring and layoffs based upon their stock price. It will be difficult to pull out of this recession because, unlike before, there is not much of a manufacturing sector lest to lead the charge. If the stimulus does not right the ship, Obama's honeymoon will be short lived. Again, we are at a critical juncture in our history. I, for one, hope that Obama succeeds because we need him to.
But the market is not a useful indicator. Over the longer term, it's absolutely an indicator of health of an economy. Over the short term, it's more a fear of investor sentiment and fear and uncertainty - and there's a lot of uncertainty right now. The market, for example, went up 3% on Wednesday and down 4% on Thursday. Nothing of substance changed in the world, yet the value of the world increased by hundreds of billions and then decreased by the same. Why? Because no one knows the value of things. By many measures - for example this year's P/E ratios, the market is still overvalued - so it's hard to say it's being driven down by any particular thing. Take a look at oil - same thing. Every day the last few weeks it goes up or down by 5-10%. Nothing is changing, but the world keeps alternating between fear and hope. Another example is the reaction with C/BAC. The market would go down due to fear that they were going to fail. Then when the government did not allow them to fail, the market went down again. It's basically just trading on fear right now - just as it was trading on unjustified optimism in Oct 2007. It's simply not a useful indicator in the short run of a few weeks or even months. If it were, the whole concept of technical analysis and identifying chart patterns wouldn't work.
It is disappointing to see Obama fail to be decisive when it comes to the banking issue, putting on a bit of a show and getting SOMETHING done would be a nice tonic. Hopefully in the next few days, something emerges.
You spin me right round baby right round, like a BROKEN record baby right round, round round All the republicans are doing is playing politics to try to get back in power. They don't care about the average american or anyone - they are making clear they only stand for the rich and religious evangelicals...and that's why their brand is at an all time low. You got guys like zantabak, tj, and basso - well off republicans complaining about their $400K salary and how Obama is going to ruin it...when it's their party who put us in this mess. But they can't accept that and try to blame the guy 8 years before their party was in control. Pathetic. Republicans are beating a dead horse.
Look for yourself... look now and look a few weeks from now and look a few months from now... http://www.recovery.gov/ They are freaked out because they simultaneously want to know and don't want to know how badly screwed everyone is. Values are unknown, the regular assumptions are gone, their world will never be the same. As a political measure for Obama, the stock market numbers are irrelevant. All the market does right now is document the uncertainty regarding a phenomenon of their own making.
banking plan so far is all rhetoric and no details. that being said, his stimulus at least was passed, his budget is great, and the country trusts him way more than bush on the economy.
His budget is a steaming pile of crap and the country is voting with their stock sales on his leadership.
I can't tell you how many parents I run into when I'm picking up my kids that say "I'm selling my stock because I don't trust Obama." Must happen every, well, never.
Your commentary might actually mean something if it weren't for the fact that if it were raining to the point of floods you would blame it on Obama as the clouds voting against his policies. Credibility = gone. Make a new moniker and come back stronger.
lol I love it when the legions of ankle-biters like yourself try to offer advice to me. You chase me around the forums, attempting to "set me straight". I laugh at that. It's truly funny to me. I dominate your thoughts and control your emotions, Donny. Think about that. Boom.
