"WHAT DID YOU EXPECT, ELECTING A F*ING COMMUNITY ORGANIZER AS PRESDIDENT. JEEEZ!"
Posted on 03/08/2009 1:14:20 AM PST by Scanian
Some Wall Street economists think President Obama could have voiced some sympathy about the plight of frightened shareholders when he compared the stock market's plunge to an election tracking poll that "bobs up and down, day to day."
They worry that the president is underestimating the important role the stock market plays in the economy's performance, and that the markets' precipitous slide is actually a vote of no confidence in the administration's handling of the economy. There's also a suspicion that Mr. Obama and his advisers think only wealthy people own stocks.
"There is some of that feeling that rich people are the ones who have stocks. He does have somewhat of that feeling. But you've got to remember that most people who own stocks aren't rich," said David Wyss, chief economist at Standard & Poor's, the influential Wall Street financial research and forecasting firm.
With the stock market in a practical free fall since he was sworn in to office Jan. 20, Mr. Obama seemed to dismiss the plunge in equities Tuesday in an Oval Office conference with British Prime Minister Gordon Brown, suggesting that he was unconcerned about Wall Street's daily fluctuations.
(Excerpt) Read more at washingtontimes.com ...
Pee Wee Herman goes to Washington
I heard a conservative radio show host, won’t say the name, say last week that Obama is a patriot.
Rock bottom prices? From what I’ve seen Geithner offered Citi 5 dollars a share when the rest of the market is paying less than a dollar.
Rock bottom prices? From what I’ve seen Geithner offered Citi 5 dollars a share when the rest of the market is paying less than a dollar.
Considering Obama hates capitalism, it is no surprise he cares nothing for the markets. They of of the Devil!!!
bookmark
"WHAT DID YOU EXPECT, ELECTING A F*ING COMMUNITY ORGANIZER AS PRESDIDENT. JEEEZ!"
This is really beeping scary.
“I FEEL AS THOUGHT I’VE BEEN DROPPED BEHIND ENEMY LINES”
A mention in his book when he worked for a reasearch firm on Wallstreet. A shame no one read the book before they voted for him, oh, you must be able to read! think for yourself, be responsible, have some self dignity, respect for yourself, work for a living. nuff said!
O ne
B ig
A ss
M istake
A merica!
Obama sees no use for a stock market when he is going to nationalize every single business anyway. Most of the ageing sixties radicals who support Obama never had the “pleasure” of living in the Soviet Union but they are nostalgic for Stalin and his five year plans and want something similar for America.
Acting responsibly? You mean like rushing the behemoth "stimulus" package through Congress before anyone even had a chance to read it?
Putting liberals in charge of the "stimulating" the economy is like hiring the Hell's Angels to keep order at a rock concert.
He is indifferent because he does NOT CARE!!! He wants everyone hurting. He wants everyone broke, depending on government for care. He wants everyone on the SAME LEVEL, broke and poor. THEN big brother can take care of us.
Obama is serving W’s third term. W never showed any concerns about the markets either.
Ignorant, arrogant and worthless. What a scumbag.
Wall Street economists think President Obama ia an idiot and he has proved them right.
To be fair that’s kind of like the pot calling the kettle black.
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.