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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
"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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To: jdfromny

“Robert Reich is afraid of whitey uprising....”

He should be, the politicians should be........ our entire country should be.

How far do they think they can push, before it breaks..... and all hell breaks out?


61 posted on 03/06/2009 12:48:13 PM PST by Gator113 (For America to survive, Obama must fail.....)
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To: jdfromny

It ought to be obvious that Reich from his ground-level position still is able to stand head and shoulders above the fallen right and keep the path ahead in sight.


62 posted on 03/06/2009 12:51:26 PM PST by Old Professer (The critic writes with rapier pen, dips it twice, then writes again.)
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To: jdfromny
Obama owns it now, lock, stock and barrel. He can no longer spin it as something he inheirited.

Porkulus has come home to slop.

Instead of teabags we should send the President rancid pork.

63 posted on 03/06/2009 12:53:14 PM PST by Protect the Bill of Rights
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To: jdfromny

The point Mr. Reich (and nearly everyone else) misses is that there IS NO PLAN that will bring us back to the days of unsustainable hyper-consumption based on massive consumer debt and fantasy ‘profit’ off of tricky ‘financial instruments’.

Nor should there be.


64 posted on 03/06/2009 12:56:58 PM PST by Lorianne
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To: jdfromny
Oh Michelle honey could you get the door?


65 posted on 03/06/2009 12:58:56 PM PST by McGruff (If the War on Terrorism is over, do the terrorist know that?)
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To: jdfromny

Don’t change titles when posting articles.
Thanks
AM


66 posted on 03/06/2009 1:02:47 PM PST by Admin Moderator
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To: ConservaTexan

Yup.....need to clean house.


67 posted on 03/06/2009 1:03:10 PM PST by RC2
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To: 4rcane

Yep you are exactly right!


68 posted on 03/06/2009 1:03:20 PM PST by chris_bdba
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To: BGHater
Yeah it was Obama who forced Investment Banks to leverage 30 times of their balance and not regulate Derivatives. Get a grip. This has been building for a while. R's and D's have been running the country into the ground. Obama sucks, but he's not the total blame.

Clinton and the Democrats in Congress, though you're right about the RINO's contributing a share.

69 posted on 03/06/2009 1:04:56 PM PST by Aroostook25
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To: evets

70 posted on 03/06/2009 1:08:32 PM PST by BenLurkin (Mornie` utulie`. Mornie` alantie`.)
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To: Dionysius
"SPEAK FOR YOURSELF"

Who else am I speaking for?

Try this, I'm feeling generous today.


71 posted on 03/06/2009 1:15:46 PM PST by I see my hands (_8(|)
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To: jdfromny

I was reading about the latest group of questionable Obama appointees who apparently contributed to Obama’s campaign:
Someone was from a savings and loan that had led the past savings and loan crisis, another was from some financial institute under federal investigation. It is sounding more and more like the Obama administration is steeped in corruption. This is begining to look like the Harding Administration. Obama is not actually leading on any of the legislation, he appears to be more or less a figurehead who is having his strings pulled and is obligated up to his neck to questionable folks. Am I wrong?


72 posted on 03/06/2009 1:20:36 PM PST by marsh2
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To: jdfromny

This article is typical of ugly liberal tactics. How can the writer ever get around to an intellectual discussion of real substance when the sources are described as (and I quote):

-wrongheaded Wall Street Journal
-demagogic Lou Dobbs,
-Jim Cramer, who bloviates nightly
-Larry Kudlow, who rants nightly about nearly everything,
-Rick Santelli’s ballistic nonsense

can I get a rolleyes smilie?


73 posted on 03/06/2009 1:26:00 PM PST by Canedawg (Congress shall make no law abridging the freedom of speech, or of the press.)
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To: jdfromny

The stock market is a theoretical approximation-measurement of the discounted net present value of all future profits.

When the market goes down, it means investors are pessimistic about the future of business profits.

I hope some Republicans find effective voices to criticize the damage that is being imposed on the economy, by this redistribution and dimunition of wealth.

Romney correctly stated this was stimulation of government, not of the economy.

What is good for community organizers cannot be good for joe sixpack, or most of America.


74 posted on 03/06/2009 1:30:34 PM PST by truth_seeker
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To: jdfromny

Not directly. It’s the Dem Congress that initiated the fall over two years ago. Barry is just greasing the skids and giving a big ol’ helping push...


75 posted on 03/06/2009 1:42:09 PM PST by Dead Corpse (Te odeo, interfice te cochleare)
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Is Obama responsible for Wall Street’s meltdown?

Does a Bear $%!+ in the woods?


76 posted on 03/06/2009 1:54:40 PM PST by jbwbubba
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The answer is “YES.” And Obama himself has said he doesn't care.
77 posted on 03/06/2009 2:09:46 PM PST by Godwin1
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To: BenLurkin

78 posted on 03/06/2009 2:15:26 PM PST by Caleb1411 ("These are the days when the Christian is expected to praise every creed except his own." G. K. C)
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To: Syncro; I see my hands
You guys remind me of a scene from "The 40 Year Old Virgin"
79 posted on 03/06/2009 2:23:04 PM PST by murdoog
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To: MrB
"Whites have been cowed by a really undeserved sense of guilt"

I disagree.

While there may be some nitwits who feel guilty about something...

The reality is that Caucasians have been cowed by fear.

If you stand up and speak the truth, you could lose everything you have worked your whole life to create.

The media will try to destroy you. The judicial system will try to destroy. The political left will try to destroy you. Your car will be vandalized. Your property will be vandalized. Your family will be threatened. You may be assaulted or worse.

That's not guilt. That's fear. And it's real.

Does that mean people should allow themselves to be cowed?

No.

Stand up. Speak up. But make sure your buddies are covering your back.

80 posted on 03/06/2009 2:24:16 PM PST by ChicagahAl (Don't blame me. I voted for Sarah.)
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To: marsh2
It is sounding more and more like the Obama administration is steeped in corruption.

Of course it's steeped in corruption.

He's from Chicago; it's self-evident.

Mother Theresa would be corrupt if she came from Chicago.

81 posted on 03/06/2009 2:53:45 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Syncro

I stand corrected. The mod apparently concurs. Some posts have been removed.


82 posted on 03/06/2009 2:54:34 PM PST by 50mm (My respect for zero has reached zero)
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To: Centurion2000

>>>Ask the Germans, Italians, Japanese, and Amerindians.

Don’t forget the Brits.


83 posted on 03/06/2009 3:22:22 PM PST by Hop A Long Cassidy
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To: Hop A Long Cassidy

We didn’t wipe their civilization. Just had a few cousin level fights with them.


84 posted on 03/06/2009 3:37:01 PM PST by Centurion2000 (01-20-2009 : The end of the PAX AMERICANA.)
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To: 50mm
No problem.

He's a petty racist that uses personal attacks if you don't kiss his little box.

And encourages people to spit on others when they aren't looking and start mean rumors about posters and their families.

Oh, and I did not push abuse on him.

Gnats don't bother me much, but I do swat them away from my eyes. Thanks for your reply.

85 posted on 03/06/2009 3:43:17 PM PST by Syncro ("Play by the rules and you miss all of the fun"---Broken Bridges)
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Comment #86 Removed by Moderator

Comment #87 Removed by Moderator

To: I see my hands; All

Listen up, you moronic turd-munch with your mega-narcissistic, insufferable boxes. Anybody with half a brain and who doesn’t feel compelled to shelter his inanities in a box knows that I meant that you didn’t speak for, to or about me in your mindless little rant bringing blanket condemnation to the white population. I will never allow a mouth-breathing twerp like you to speak for me, so confine your asinine comments to those at your intelligence level. You’ll find plenty of them at DU, the Daily KOS or the Huff Post. Oh, BTW, I really shouldn’t have sugar-coated this, but I, too, am feeling quite generous today.


88 posted on 03/06/2009 5:33:05 PM PST by Dionysius (Jingoism is no vice in these troubled times.)
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To: sourcery
"The dreadful policy proposals will continue until the market rallies."

I'm sorry if I'm missing your point, but wouldn't that be "The dreadful policy proposals will Intensify if the market rallies?"

89 posted on 03/06/2009 5:49:28 PM PST by jonathonandjennifer
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To: ConservaTexan
'Year Without Incumbents'

I agree. The 2008 election was lost when McCain became the nominee. Rinos like Specter must be stopped at the primary level also.

90 posted on 03/06/2009 5:53:45 PM PST by jonathonandjennifer
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To: jdfromny
we're entering a world wide depression and all obama can do is extend it just like the worst President in history, FDR!

It appears like he's trying to outdo FDR with his stimulus bills.

91 posted on 03/06/2009 6:18:29 PM PST by dalereed
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To: sourcery
Thanks President Urkel


92 posted on 03/07/2009 10:24:39 AM PST by edzo4 (NoBama 2012)
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To: jonathonandjennifer
One of the purposes of my post was to guide the reader into having thoughts such as yours. And other thoughts as well...
93 posted on 03/08/2009 5:44:50 PM PDT by sourcery (Obama Lied. The Economy Died!)
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To: Dionysius
Oh, sorry. Were you trying to flame me? I thought a mosquito landed on my monitor.

94 posted on 03/30/2009 5:54:11 PM PDT by I see my hands (_8(|)
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