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Obama aides change their rhetoric on economy (The two faces of the Obama Regime)
AP on Yahoo ^
| 3/15/09
| Philip Elliott - ap
Posted on 03/15/2009 9:58:40 AM PDT by NormsRevenge
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To: NormsRevenge
One of President Barack Obama's economic advisers said Sunday that the economy is fundamentally soundThey are correct. It's the incompetence of the Obama administration and the current crisis in leadership that will devastate our economy unless they get him out of office somehow.
And Obama's name, like Carter's will forever be a weight around the ankle of the DNC if they don't.
And they are only just beginning to realize this...
21
posted on
03/15/2009 11:27:18 AM PDT
by
Caipirabob
(Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
To: devolve
I kinda feel like that today too, lol.
22
posted on
03/15/2009 11:32:44 AM PDT
by
potlatch
To: St. Louis Conservative
An Orwell prophesy fulfilled in our time.
To: NormsRevenge
RE “
Obama mercilessly mocked his Republican opponent, Sen. John McCain, for declaring, “The fundamentals of our economy are strong.”
Republican talking point disaster, Bush and McCain. This was McCain's end.
As far as Obama goes it looks like he is calculating the public doesnt want anymore big spending while the economy is tanking, making him own the stock market was perfect, so now they talk it up a bit “Things are not so bad after all” to move onto health care and card check unionization.
24
posted on
03/15/2009 12:09:55 PM PDT
by
sickoflibs
(Keynesian Eco 101 : "If you won't spend your money WE WILL, and your kid's too!")
To: NormsRevenge
25
posted on
03/15/2009 12:11:32 PM PDT
by
Mojave
(Don't blame me. I voted for McClintock.)
To: NormsRevenge
To: NormsRevenge
Tag line reminds me if one of favorite movies from my childhood: Seven Faces of Dr. Lao, staring Tony Randall. If you have seen the movie I think you will know what I mean.
27
posted on
03/15/2009 12:20:36 PM PDT
by
TonyM
(E)
To: TonyM
28
posted on
03/15/2009 12:23:12 PM PDT
by
NormsRevenge
(Semper Fi ... Godspeed.)
To: alecqss
No, the economy wasn’t strong then, and it isn’t strong now. We built up far too much debt to finance a pittance of growth in the last seven years, and this level of new debt creation could not be extended forever.
In this case, it was the basement that cracked, not the roof. When the financial sector implodes, it takes the economy with it. That’s been proven true in every financial sector collapse in every country where it has happened for the last 150+ years.
29
posted on
03/15/2009 12:27:43 PM PDT
by
NVDave
To: NormsRevenge
He and his Fed buddies need the rest of your $$$$. Tempting people to put back the 50-60% of their 401K’s, IRA’s etc. that they didn’t lose, so they can grab that too after the next drop in the market, and you can count in it, there will be one. Not falling for it.
30
posted on
03/15/2009 1:30:46 PM PDT
by
mojitojoe
( Idiots elected a Marxist ideologue with narcissistic personality disorder & America is dying.)
To: alecqss
“Mac was entirely correct saying that fundamentals are strong”
* * * *
I did not disagree with him when he said it either, but of course the MSM and DNC used it to mock him with, and when he failed to vote against the bailout (which would have been the bold and correct move) he just compounded his credibility problems.
31
posted on
03/15/2009 1:33:52 PM PDT
by
Canedawg
(Congress shall make no law abridging the freedom of speech, or of the press.)
To: mojitojoe
He and his Fed buddies need the rest of your $$$$. Tempting people to put back the 50-60% of their 401Ks, IRAs etc. that they didnt lose, so they can grab that too after the next drop in the market, and you can count in it, there will be one. Not falling for it.
**************
‘Zactly. Two weeks ago, I told my wife precisely that (the market would rise - maybe even hit 9-10k, then crash again). They are trying to play us, and many will be caught.
Also, look at the leftist agenda that they've gotten in place during “Phase I”, much of which has been and will be overlooked even more so if the market raises and the economy is said to be “fixed/fine”. We know we can expect more during Phase II.
32
posted on
03/15/2009 1:52:06 PM PDT
by
Yooper4Life
(47% voted against him, and millions stayed home.)
To: NormsRevenge
Broadcast the new acronym:
O ne
B ig
A ss
M istake
A merica!
33
posted on
03/15/2009 1:55:44 PM PDT
by
2harddrive
(...House a TOTAL Loss.....)
To: NVDave
When the financial sector implodes, it takes the economy with it.
Only it did not implode.
34
posted on
03/15/2009 2:33:21 PM PDT
by
alecqss
To: Canedawg
when he failed to vote against the bailout (which would have been the bold and correct move) he just compounded his credibility problems.
Exactly! I was on vacation at the time and, at first, did not believe the news coming to my blackberry that Mac is about to endorse bailout. He is like McFly in the "Back to the Future" - only McFly was making stupid moves in response to opposition calling him "yellow-belly", while our Mac - when opposition screams "bipartisanship".
35
posted on
03/15/2009 2:38:07 PM PDT
by
alecqss
To: alecqss
Yes, it did. Denials to the contrary ignore mountains of evidence of unsustainable levels of debt, leverage, etc and non-performance of debt at very high levels of leverage leads to debt deflations as we have here.
36
posted on
03/15/2009 3:32:34 PM PDT
by
NVDave
To: Perdogg; AdmSmith; Berosus; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; ...
37
posted on
03/15/2009 5:50:05 PM PDT
by
SunkenCiv
(https://secure.freerepublic.com/donate/____________________ Profile updated Monday, January 12, 2009)
To: NVDave
Denials to the contrary ignore mountains of evidence of unsustainable levels of debt, leverage, etc and non-performance of debt at very high levels of leverage leads to debt deflations as we have here.
I'm afraid, we are not only talking about different things, but you also have a rather vague idea what you are talking about. With all due respect.
38
posted on
03/15/2009 7:14:54 PM PDT
by
alecqss
To: alecqss
Yea. I have such a vague idea about what I’m talking about that if you search my postings here on FR, you can see that I was well aware of what was coming a long time before McCain was making such idiotic pronouncements as he did in the campaign. I was also largely in cash from August 2007 onwards, taking shorts on various banks on the way down.
Such is the profit of my ignorance, I suppose.
39
posted on
03/15/2009 10:53:55 PM PDT
by
NVDave
To: NVDave
Kudos for profiting. However you are profiting - again - not of fundamentals, but of what is happening above them. Market's ups and downs.
In this case partial ignorance helps indeed, I suppose. Because trying to make money on fundamentals of the economy is an extremely, extremely long-term strategy;-)
40
posted on
03/16/2009 12:01:27 PM PDT
by
alecqss
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