| Name: |
lotowner
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| Subject: |
Stock Market Slide
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Date:
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1/23/2010 7:36:38 AM
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The stock market from Wednesday through Friday of this week has been terrible. Is there any relationship to the market drop and the "community organizer's" remarks/threats to the major banking institutions? If not, what else is scarring the market?
Wait a minute. I know the answer. George Bush is active in the Haiti Relief program. It can't be anything the administration has said or done. Another thing to be added to Ole George during the past eight years.
Or, does it have anything to do with Barney Frank's comments about Fannie Mae and Freddy Mac. One more bright idea from Barney and the whole housing market will disintegrate. But Barney's proposal is necessary because Bush messed up the housing market. Barney and Senator Dodd were out of town when all the loan criteria were changed for affordable housing.
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| Name: |
water_watcher
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| Subject: |
Stock Market Slide
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Date:
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1/23/2010 10:39:11 AM
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yes .... everytime Obama opens his mouth with his anti business talk, more taxes, more regulation, more socialism ... he scares wall street and the american people. Wall street hates uncertainty and with all of Obama's failed policies, and change in direction based on the polls ... they bail.
After wasting nearly $800 billion on a stimulus that was suppose to save or create 3 million jobs ... now Obama is beating the drum for another package to create jobs.
Who can believe this guy any more? He knows his socialized medicine is dead (thank God) so now he finally decided he should start to address the real issue we have. About time, even if i still do not agree with his approach or trust anything he does.
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| Name: |
MartiniMan
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| Subject: |
Double dip recession?
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Date:
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1/23/2010 5:41:55 PM
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I am really starting to get concerned about a double dip recession. We are repeating the mistakes of the Great Depression - attacking business and next I fear is "deficit reduction" based on tax increases without spending cuts. That deadly combination will be devastating. Now is Mr. Obama's opportunity to tack toward the center and prove he is more ambitious than ideological. To do so will require he go to war with his base and Reid/Pelosi. I hope he has the cojones and the brains to do it but I am not optimistic.
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| Name: |
water_watcher
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| Subject: |
Double dip recession?
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Date:
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1/23/2010 5:58:15 PM
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I tend to agree with you. It is not looking good.
I will give Obama credit for one thing, and that is backing Bernake. If he does not get reconfirmed, the stock market will go in a tailspin and the economy will follow back in to recession, possible depression.
Bernake may not be perfect, but he saved the country from a total meltdown and there is no better name that has surfaced.
If he does not get reconfirmed ... it will be the first time in history that a president nomination for Federal Reserve Chairman has not been confirmed. While I think he should be confirmed .... that would be another huge blow to Obama.
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| Name: |
GoneFishin
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| Subject: |
Double dip recession?
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Date:
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1/23/2010 7:31:40 PM
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I agree with you WW of the importance of reappointing Bernake. My belief is that he will be reappointed with biparternship support across the aisles.
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| Name: |
Dixie Drifter
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| Subject: |
Stock Market Slide
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Date:
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1/23/2010 11:02:47 PM
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Once again, the idiot in charge shows his total ignorance of the situation. The market has reacted to the unknown, where do we go from here now that the Delusionocrats health care legislation is DOA? O'Dumbo will continue to promote his ideology. He will purposely disregard what any reasonable individual, in possession of "walking around sense" might contemplate as a solution to return our country to prosperity. Duh....It's the economy stupid. This guy will come to the realization by mid-summer he is walking his own plank. He will then begin to wonder where all his support has disappeared. Keep an eye on the Nancy and Harry soap opera, they are poor poker players and are quite willing to show their hands with little, if any, confrontation. For those who were ready to cash in on Wall Street, might have to wait just a wee bit longer.
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| Name: |
MartiniMan
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| Subject: |
Double dip recession?
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Date:
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1/24/2010 12:31:42 PM
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I also agree that the last thing we need now is more uncertainty in the financial markets. Sometimes when it comes to this kind of appointment it is better the devil you know (if you think Bernanke is one in the first place). What if the next Fed Chairman sees inflation lurking in every corner and tightens the money supply? That would guarantee another recession, maybe worse than the last because we already have lots of structural weakness, 17% unemployment being the most visible.
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| Name: |
GoneFishin
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| Subject: |
FED Chairman
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Date:
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1/24/2010 12:58:55 PM
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I read this morning that Sens. Jeff Sessions and Richard Shelby of AL will vote NO for Bernake.
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| Name: |
MartiniMan
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| Subject: |
FED Chairman
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Date:
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1/24/2010 3:23:32 PM
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Hmmm. Did they say why? That means Obama needs to find a couple of more Dem votes.
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| Name: |
MrHodja
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| Subject: |
FED Chairman Just Curious
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Date:
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1/26/2010 9:52:13 AM
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I don't know enough about the job Bernanke has or hasn't done to render an informed opinion on whether he should be reappointed.
I am curious, though, to know if there is someone better waiting in the wings who would be considered a better choice. Generally just saying no is answering only half the question.
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| Name: |
MartiniMan
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| Subject: |
FED Chairman Just Curious
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Date:
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1/26/2010 1:21:55 PM
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Based on some of the reports I have been reading is there is some consternation about the loose money policies of the Fed under Greenspan and Bernanke that contributed to the housing bubble. What seems to rankle is Bernanke's refusal to accept any role of the Fed in the crisis.
What I find really ironic is that some of the opponents today were the very same ones that voted for the very same bailouts they are now taking Bernanke to task for in the confirmation debate. Chief among these in the GOP is John "Maverick" McCain although he is joined by a goodly number of Dems.
As for who is in the wings that's one I don't know but you can be sure the loony left will be pushing someone on Obama that is much worse than Bernanke. As an example, the net roots are promoting Paul Krugman. God save us from that imbecile.....
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| Name: |
GoneFishin
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| Subject: |
FED Chairman Just Curious
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Date:
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1/26/2010 10:46:02 PM
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I am in total agreement with both of my colleagues Mr Hodja and Martini on their last two comments.
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