Posted on 03/13/2009 4:07:40 AM PDT by tobyhill
This clown in the White House has no clue. The market always has a sector of bubbles and burst.
I'll explain it to where Obama can understand. If someone is selling the best cocaine in town and everyone goes to him that seller will make lots of money but when everyone checks in rehab that seller's money will dry up.
My local paper is filled with angry letters from readers lately. They wanted change and got screwed. The first thing my shiny new democrat congressman did was get hit with the largest fine ever paid in Michigan for campaign finance violations.
Now we’re finding that Michigan’s revenue is about 200 million short of what they estimated it would be because people aren’t buying lottery tickets and cigarettes. Now Jenny Grandtheft is talking about using stimulus money to balance the books and raising taxes some more.
I would love to see Lewis Blacks’ reply to this number theory hahahahahahahaha
“Next great depression”
*smack*
“The economy is doing ok”
*shove*
“Bush's fault and capitalism failed”
*punch*
“Things are never as bad as they are made out to be”
I just wish it was a comedy......
yep, it's just great out there compared to 2 years ago. /sarc
All so we can dump money down the toilet of Detroit and fund leftist useless idiots.
Great street maf, but you gots to dress it up a little...
Nah, spose u gots da bess package on yo corners, only stepped on fo time. And da n***er on the nex corner gots da sh!t been step on 7-8 time. Then, brothas takes a hot shot offa yo package and da bodies starts ta drop. What gonna happen to yo package?
Obama cancels economic catastrophe!
Right after Obama got told to get his act together in a crisis:
The economic crisis is downgraded. No longer a catastrophe. Lets dance!
Drudge says: Dire Emergency Canceled. You betcha!
Insty calls it The Emily Letilla Presidency
Just the other day: Dont go stuffing money in your mattresses. Ummm well, I wasnt going to, but since youre mentioning it
Just this morning: Perpetual Crisis!
Two weeks ago we were reading that the biggest banks were going to fail! Two days ago, we were reading that Nancy Pelosis needed another stimulus package, and the banks might need more bailing out.
Now Bank of America expects to post profits for all of 2009!
Citibank doesnt need more money, afterall!
Those terrible retail numbers that spelled Great Recession and had over 50% of the nation saying we were headed for Depression? Not so bad after all!. Pssssst: Retail sales were up in January, too, but that didnt get much attention, because the narrative back then was DOOM! DOOOM! DOOOOOOOM!
Now everything is beautiful!
Or despite the Pravda Polling Numbers, the inside polls dont look quite so loving and rosy?
Lorie Byrd is feeling a bit manipulated:
So after declaring a catastrophe that we might never be able to recover from, and driving the market down to basement levels, and scaring the public into swallowing a record spendulus bill that will cost their children and grandchildren dearly and accepting government takeover of additional parts of the private sector he gets all Emily Litella on us. Never mind.
Most of us knew exactly what was going on. He talked down the economy and talked up the crisis for several reasons:
to create an atmosphere that would allow the spendulus bill to be passed
to build up the crisis to fever pitch so that it could fully be taken advantage of in an effort to pass more big government legislation like healthcare
to create the impression that the economy is absolutely as bad as it could possibly be so that when any progress was seen it would be viewed as a recovery in comparison and that any recovery would be hailed as nothing short of miraculous, no matter how anemic
This strategy was calculated. It was deceitful. It was manipulative. It was opportunistic. It was un-presidential. And unless tax paying American citizens speak up it will be effective.
Well, really Lorie, you didnt expect them to let a good crisis go to waste, did you?.
After all Rahm Emmanuel said they wouldnt. So did Mrs. Clinton. And didnt the president just say it a few days ago in a speech? Im pretty sure he did.
A little fear mongering- since ummm before he even got into office, and <em>voila</em>, you got your revolution.
Maxine Waters OWNED a bank? How rich are these people? I guess when you get rich enough, money is not interesting, anymore, and only power will do.
Oh wait theyre going to change some accounting rules:
This weeks rally got an extra dose of adrenaline after an accounting board told Congress Thursday it may recommend a let-up in accounting rules for troubled banks in three weeks. Banks have been dogging the market since 2007, so hope that financial institutions might finally get relief in how they value their bad assets spurred a flurry of buying on Wall Street.
We might find that the banks are not as bad, or not bad at all, if these assets are marked differently, said Doreen Mogavero, president of the New York floor brokerage Mogavero, Lee & Co.
Look, Obama - the intellectual - was getting hammered, his own party was starting to revolt from his grand spending scheme. His administration is making foreign policy gaffes left and right and he personally insulted our best ally. Some wonder if he is malevolent or simply inept. Some of his nominations are outright appalling or at least eyebrow raising. He cannot seat his cabinet or staff treasury. His priorities seem disordered. Hes been picking fights with private citizens to create his nemesis. His nominations are giving him fits. Hes not getting rid of the pork. Even an (unscientific) MSNBC poll says yer doin it wrong, youre trying to do too much, too fast. The Tea Parties are actually starting to organize to a point where the press might actually be forced to cover them. Some members of the press are thisclose to starting to maybe doubt him a little. Weve got warships heading to China. He wants to raise taxes, but you cant do that in a Great Recession. He wants Universal Health Care; he wants to charge vets for their battle wounds. He needs to change the subject and seem like hes doing very, very well, because he wants to continue the move toward nationalization, and he cant do that unless - ta-da! - <em>things arent so bad, after all!</em>
Hes um hitting the reset button. Again (he likes that metaphor). On his whole presidency.
Well, I hate to be cynical. So I guess Ill just sleep better tonight, knowing its all really not that bad, afterall. Youll sleep better too, wont you? No point in feeling like a fool, or anything.
Oh, and Obama is going to take a pass on the annual gridiron dinner. I dont blame him. It will be so boring, with the press just praising him. Endlessly.
Meanwhile, slightly O/T, the genuine sufferers of BDS seem to be utterly losing their minds. And Up North Mommy says we are all stupider for reading that.
Related: The Obama Rosetta Stone
by TheAnchoress @ 6:50 pm. Filed under Barack Obama, Economic woe
Laughingstock: President Doom does a 180, cancels fear-mongering
March 12, 2009 07:36 PM by Michelle Malkin48 Comments | 11 Trackbacks
I dare him to come to Michigan and say that.
Wait...nevermind...the voters here are stupid.
Oh!!!
But wait!
He passed his stimulus/economic recovery act!, then a week later he's telling us it's a good time to buy stocks!
Now he's saying it's not that bad! So the economy must be recovering. Which means it's his economy now. Can't be blaming W anymore.
“He just convinced us to mortgage our childrens future to the extent of $2 trillion, telling us that we were facing economic catastrophe.”
Hey man, that was just our reparations for slavery./S
President Obama said Thursday the nation’s economic woes are not as dire as they seem and said his economic policies will get the country back on track. “I don’t think things are ever as good as they say, or ever as bad as they say,” Obama told CEOs at a meeting
Everytime this man opens his mouth he proves how stupid American voters can be.
Housing market crashed
Automakers all on verge of bankruptcy
unemployment at it highest rate in many decades
Banks failing
Stock markets dropping 30% percent and at lowest point in decades.
But hey all you Obama voters. Don’t worry,be happy. Obama says things really are not that bad.
So as you file for your last unemployment check this week and the sheriff is nailing the eviction notice on your front door. Just be thankful you voted Obama.......
Who is "they"? This moron is dumber than I ever thought. To have the audacity to say that to people who built companies and hired employees is astounding. Imagine the thoughts running through these guys heads when the Odumbnuts said this.
She says the drop in tobacco and lottery revenue is “breathtaking”. Wait till the new federal taxes on tobacco hit.
http://www.mlive.com/news/index.ssf/2009/03/michigan_lottery_sales_taxes_o.html
Blown away yet? LOL
As much as we hate it Obama gets a free pass from the public for a while which he will use to cause great damage
” “I don’t think things are ever as good as they say, or ever as bad as they say,” Obama told CEOs “
Ri-i-ight. Unless you’re running for the office, then it’s ten times worse than they say, and you’re ten times better than they say.
But looking at the raw data, two things come out. President Bush, during the “worst economy in 40 years”, oversaw a nation where more people were employed than during Clinton's “full employment” economy. 15-18 MILLION more people employed.
The other point is that there seems to always be at least 6 million people who will never be, or stay, employed.
Now Obama’s attack on job creators and capitalism itself, has lost 3.5 million jobs since his election fraud... um.. since 51% of the population (some actually living or voting only once) voted for him. I doubt his national socialism will create jobs like Reagan's Capitalism did though.
But it will bring back the ‘misery index’.... I am sure there is a bright side to that... I think.
So maybe buying all that tar and feathers at the Ace Hardware in DC paid Off?
That sounds like an understated way of saying that he is bent on destroying what remains of the America we knew and setting up a Marxist system. The capitalist economy will have to be wrecked to do this and if he can do it in one term why would he want to suffer through another. He can move on to full time partying.
That is he can party if his controllers allow it.
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.