Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

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
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-94 next last
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.....)
[ Post Reply | Private Reply | To 1 | View Replies]

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.)
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 1 | View Replies]

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?)
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 1 | View Replies]

To: ConservaTexan

Yup.....need to clean house.


67 posted on 03/06/2009 1:03:10 PM PST by RC2
[ Post Reply | Private Reply | To 50 | View Replies]

To: 4rcane

Yep you are exactly right!


68 posted on 03/06/2009 1:03:20 PM PST by chris_bdba
[ Post Reply | Private Reply | To 4 | View Replies]

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
[ Post Reply | Private Reply | To 21 | View Replies]

To: evets

70 posted on 03/06/2009 1:08:32 PM PST by BenLurkin (Mornie` utulie`. Mornie` alantie`.)
[ Post Reply | Private Reply | To 2 | View Replies]

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(|)
[ Post Reply | Private Reply | To 45 | View Replies]

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
[ Post Reply | Private Reply | To 1 | View Replies]

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.)
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 1 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 10 | View Replies]

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
[ Post Reply | Private Reply | To 76 | View Replies]

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)
[ Post Reply | Private Reply | To 70 | View Replies]

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
[ Post Reply | Private Reply | To 44 | View Replies]

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.)
[ Post Reply | Private Reply | To 28 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-94 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson