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Is Obama responsible for Wall Street's meltdown?
Salon ^ | 3/5/09 | ('LIl) Bob Reich

Posted on 03/06/2009 12:16:21 PM PST by jdfromny

March 5, 2009 | Is Obama responsible for the meltdown of the Dow? The consistently wrongheaded Wall Street Journal's editorial page says so, as does Republican Fox News, CNN's reliably demagogic Lou Dobbs, and now CNBC (where, full disclosure, I frequently appear as a token liberal). CNBC's Jim Cramer, who bloviates nightly about stock picks, says Obama is pushing a "radical agenda" that's destroying investors' wealth. My friend Larry Kudlow, who rants nightly about nearly everything, says Obama is destroying capitalism. CNBC reporter Rick Santelli's ballistic nonsense about Obama's mortgage plan made him a pop-populist icon for a week or so.

(Excerpt) Read more at salon.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: bho44; bhodjia; bhoeconomy; zeronomics
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To: jdfromny

The stock maket started into overdrive — going down — in early August 2008, shortly before Obama’s official nomination on 25 August.

In other words, Obama is the probaBle cause of what soon will be called a depression.


41 posted on 03/06/2009 12:34:01 PM PST by OldNavyVet (Facts belong in decisions and beliefs belong in church.)
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To: jdfromny
Is Obama responsible for the meltdown of the Dow? The consistently wrongheaded Wall Street Journal's editorial page says so, as does Republican Fox News, CNN's reliably demagogic Lou Dobbs, and now CNBC (where, full disclosure, I frequently appear as a token liberal). CNBC's Jim Cramer, who bloviates nightly about stock picks, says Obama is pushing a "radical agenda" that's destroying investors' wealth. My friend Larry Kudlow, who rants nightly about nearly everything, says Obama is destroying capitalism. CNBC reporter Rick Santelli's ballistic nonsense about Obama's mortgage

When everybody says you're drunk...might be time to stop drinking.

42 posted on 03/06/2009 12:34:13 PM PST by exist
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To: jdfromny

43 posted on 03/06/2009 12:34:25 PM PST by Donald Rumsfeld Fan (Sarah Palin "The Iron Lady of the North")
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To: I see my hands
My you sure are!

*shaking*

Thanks for the three letter description of your proclivities.

44 posted on 03/06/2009 12:37:06 PM PST by Syncro ("Play by the rules and you miss all of the fun"---Broken Bridges)
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To: I see my hands

I can’t do boxes, so let me say this in a simple, unadorned manner. SPEAK FOR YOURSELF!


45 posted on 03/06/2009 12:38:17 PM PST by Dionysius (Jingoism is no vice in these troubled times.)
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To: 4rcane

Zero wasn’t elected to worsen the economic slide. He was supposed to stop the slide. Bush even left him half the TARP funds to use. Can’t play the Bush card. Wall Street is voting on Zero’s moves.

Baby boomers were hoping to retire soon now they are screwed big time. All this down turn has lots of people scared and very upset. Look out Mr REICH.


46 posted on 03/06/2009 12:39:13 PM PST by Jimmy Valentine's brother (Homey Sez - Eh, I don’t worry about the market’s “day to day gyrations”)
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To: jdfromny

wow, reich sounds unbalanced

I used to think he was a liberal worth listening to even if not agree with him but now....

this is a very very dark interview


47 posted on 03/06/2009 12:39:57 PM PST by silverleaf (Freedom's just another word for "nothing left to lose")
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To: MrB

The white guilt you cite is noble. That it is used against white folks to make them feel guilty for something that they are not responsible for is reprehensible.


48 posted on 03/06/2009 12:40:01 PM PST by GBA
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To: 50mm
Well he definitely hates whites, here's another quote:
That fact that whites are cowards does not excuse them, it makes them worse.
Maybe he is Robert Reich. The box is a typical "look at me" display employed by people of Reich's stature.
49 posted on 03/06/2009 12:42:36 PM PST by Syncro ("Play by the rules and you miss all of the fun"---Broken Bridges)
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To: RC2
Same goes for Congress.

I would like to see a 'Year Without Incumbents' movement for the 2010 election. Rs and Ds should defeat incumbents at the primary level, then hold the general election as usual. That would open a few eyes in D.C.

50 posted on 03/06/2009 12:42:39 PM PST by ConservaTexan (February 6, 1911)
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To: jdfromny
"Is Obama responsible for the meltdown of the Dow?"

Yes.

And imagine such things were happening during Bush Administration. Bush would be described as a traitor(as the very least).

51 posted on 03/06/2009 12:43:31 PM PST by alecqss
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To: MrB
Whites have been cowed by a really undeserved sense of guilt.

..

52 posted on 03/06/2009 12:43:54 PM PST by Donald Rumsfeld Fan (Sarah Palin "The Iron Lady of the North")
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To: OldNavyVet

The libs think 5000 points on the Dow it was worth it - to get a black man elected


53 posted on 03/06/2009 12:44:14 PM PST by pelican001
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To: jdfromny

54 posted on 03/06/2009 12:44:27 PM PST by NativeNewYorker (Freepin' Jew Boy)
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To: jdfromny

Reich reminds me of Bill Maher and Lil’ Geogie Huffandpuffalis....

150 pounds of dynamite—with a 2 inch fuse


55 posted on 03/06/2009 12:44:27 PM PST by Mac from Cleveland (Mister, we could use a man like Herbert Hoover again---and J. Edgar, too)
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To: jdfromny

Can’t we get slow Joe to ask Rubin to “stand up!”?


56 posted on 03/06/2009 12:44:45 PM PST by Paladin2 (No, pundits strongly believe that the proper solution is more dilution.)
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To: jdfromny

Robert Reich IS whitey...


57 posted on 03/06/2009 12:45:07 PM PST by Norman Bates
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To: jdfromny
Bob Reich can really sling the mud. Look at all the name-calling.

My friend Larry Kudlow, who rants nightly about nearly everything, says Obama is destroying capitalism.

He doesn't even spare his 'friend'.

58 posted on 03/06/2009 12:45:18 PM PST by Tallguy ("The sh- t's chess, it ain't checkers!" -- Alonzo (Denzel Washington) in "Training Day")
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To: jdfromny
From the article:
Finally, none of the financial wizards who are now charging Obama with leading America into the abyss have offered an alternative plan for getting us out of the mess that, not incidentally, many of these same wizards happily led us into.
Moronic little troll.

Karl Denninger has alternative plans for getting out of the mess, generally involving regulating that which is legally required to be regulated, punishing the crooks, and prohibiting the financial weapons that are being used to manipulate the markets, impoverishing millions to enrich a few.

59 posted on 03/06/2009 12:45:40 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Paladin2

LOL!


60 posted on 03/06/2009 12:46:41 PM PST by eddie willers
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