PREZ WILL TRY TO RALLY INVESTORS

New York Post ^ | Saturday, July 13, 2002 | By BRIAN BLOMQUIST

[JohnHuang2]

July 13, 2002 -- WASHINGTON - President Bush is planning a major economic speech on Monday to restore investor confidence, while his chief corporate crime fighter vowed yesterday to be aggressive in going after crooked execs.

At the White House, Bush met with his new corporate fraud task force - in a gathering that was hastily scheduled just yesterday morning - followed by an announcement that the president will lay out measures to shore up the economy on Monday in Alabama.

[olliemb]

No,silly, buy some stock--my 401K is still doing very well. I am going to buy some stock with some money but I promise you I will not invest so much as to lose my shirt. I think that you ,too, could invest a little to help boost the economy. You don't have to use all your life savings--consider the stock market as gambling money that you would lose in Vegas. Who knows I might win but I think it is well worth the gamble b/c I have faith in the system.

[Huck]

I think that you ,too, could invest a little to help boost the economy.

Hey ollie. I have to sign off in a minute, so I'll catch up with you some other time, but I just want to leave you with this thought: In my opinion, the best thing I can do for myself, for the country, and for the long term interests of America, and of human liberty (ok, I'm exaggerating) is to remain solvent. Beyond that, I should strive to attain financial security, and even financial ease. If buying a stock helps advance those goals fine. If buying gold is a better move, so be it. If stuffing my cash in the mattress is the best way to advance those goals, then that's what I will do. I can't imagine how investing my money in a bad company will help anyone. If it's not a bad company, then financial self interest ought to be a good enough reason to invest. Otherwise? Let 'em rot. I'll check in tomorrow. Take care.

[irish guard]

Bush and Congress should let the market deal with the market's troubles. Ever since Bush and Congress started to come up with ideas about how to fix Wall Street's woes, the market has tumbled further. Traders are not stupid....anything Washington does usually signals bad news for the markets and all this hoopla in our nation's capital about the troubles in the stock market has traders running scared!

Memo to the morons in D.C., ......LEAVE THE MARKET ALONE!

[staytrue]

Stock options became a problem when corporations switched these when they could not adequately expense their salaries for IRS purposes

I would add that it was also a way for corporations to artificially inflate the E in P/E.

[Osinski]

while his chief corporate crime fighter vowed yesterday to be aggressive in going after crooked execs

Oh yeah...just sic the same crime stoppers on 'em that went after Marc Rich. That'll put an end to it for sure..

[Osinski]

You have faith in the system? Look around. The system has failed. You would be better off putting your faith in something other than smokescreens, mirrors and rhetoric. Look behind the curtain. These crooks count on you to "keep believing" in the system.

[olliemb]

They are not all crooks. You have to look at what you are investing. There are a lot of honest businessman and executives and corporations. To lump them all as crooks is not correct and hyperboles like yours are the reason that people are running scared.

[jwalsh07]

I think you are exactly right. Where the hell is our war on terror? The President came out and gave some great speeches, then we went and bombed the hell out of Afghanistan and defeated the Taliban, even though as far as I know they weren't responsible for the attacks. Osama and his boys get away and we have our leaders virtually promising us another attack worse than 9-11.

Osama bin Laden was the defense minister for the Taliban. Al Quaeda was headquartered in Afgahnistan. Thousands of wannabe American killers are now dog meat and red mist. Most of the leaders have been captured or killed. The odds are that the former defense minister is simply a bad memory despite what the Germans may think.

There have been no American citizens killed in America since 9/11/01. There have been no attacks in America since 9/11. More and more skells are locked up every day which gives the radical right and left something to bitch about here at FR.

Abu Dickhead bit the dust in the Phillipines 4 months after we sent SF in country. Coincidence? Hardly.

You may have issues with Bush but this ain't one of em Huck.

[Osinski]

hyperboles like yours are the reason that people are running scared

Hyperbole...that's the reason the market is on the sh*tpile? Well, darlin', with that comment, it appears you have very little understanding of what is happening, so just go ahead and keep investing your savings in the market and I'm sure all those honest businesses out there will really appreciate it.

[harpo11]

We need Reformer Control. President Bush needs to prevent the merry mob of out-of-control anti-capitalist congressional so-called reformers from destroying one of America's greatest assets, the robust, vigourous, free enterprising entrepreneurial spirit.

Let's be frank, very few members of this merry mob of politicians hardly or ever worked in corporate America to fully appreciate free enterprise other than to suck off the profits of business and the earnings of employees through punitive taxation while having their hands out for campaign contributions including accepting special interest favors.

In order to feed the enormous lumbering government institutions and congressional pet pork programs, congress should not promulgate laws that further hamper and restrain the engines of economic growth but seek instead to unbridle and unchain our highly advantageous and optimistic capitalist spirit.

[olliemb]

Savings is the catch word. I never said I would invest my savings--but I would invest the amount that I would lose in Vegas gambling. If you don't gamble then perhaps that would not suit you.

But inspite of all the headaches and the naysayers I have faith and trust in the market yet I am not stupid to put my savings in the market. Just some money.

[Vis Numar]

Political cover for political fallout. They look like they are swinging wildly. I thought this was an old PR, didn't this happen last week, wasn't that suppossed to be the "major speech"? The fnanical SWAT team now gonna swoop down and get a couple of "gotcha's" for this one, how funny.

[Huck]

Maybe I was barking at the moon. I'll take it under advisement.

[Right_in_Virginia]

"Use the speech to announce some indictments. That'll help."

A few weeks ago you suggested that indictments would do the most to help the markets.

Looking at the 488 point gain right after the Adelphia arrests....I admit here and now that you were RIGHT!

I'm looking forward to more of your wisdom ;^)