Posted on 10/05/2008 9:47:58 PM PDT by FocusNexus
What will New York look like a year from now? The answer: bad and probably worse, and perhaps downright catastrophic. Three degrees of awful. ... And while any president will be an improvement over the current one, there is a growing belief on Wall Street that Barack Obama has the capacity to lead us out of this wilderness while John McCain does not. I'll go a step further: Obama is a recession. McCain is a depression.
For all his talk of being a maverick, McCain looks an awful lot like President Bush on the credit crisis: He doesn't seem to understand Wall Street or Main Street, he is dogmatically anti-regulation, and his economic team is a joke.
Obama is no messiah, of course, but there's a reason the Street sees him as a more capable manager of the credit crisis. He seems to understand the complexity of the problem, and while he's nobody's populist, he's at least perceived as less tone-deaf to everyday Americans' problems than his opponent. Obama also has a better team, in the likes of Larry Summers, the renowned economist and former Harvard president who probably knows more about this crisis than anyone, and Warren Buffett, the smartest man in business, period. And Obama is a globalist, in an age where the world's economies are increasingly interdependent.
(Excerpt) Read more at nymag.com ...
What an unstable person.
He told people on national TV that Bear Stearns was safe a few days before it imploded. He is also very close friends with Elliott Spitzer.
This asshole recommended financials long 6 months ago. Another leftist, limousine liberal pig.
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http://www.cnbc.com/id/17362458/
I’ve made more money shorting his longs and going long his shorts.
He’s proving he is a moron now, at least not politically astute.
It also tell me that his boys and his investments are with people that are failing financially and they want the security of a statist President.
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