A Financial Speech While the Markets Are Open?

Economic Policy Journal ^ | 9/14/09 | Robert Wenzel

[FromLori]

Whoa. Amateur night at the White House.

The White House is billing the President's mid-day speech today at Federal Hall in the belly of Wall Street as a "major" speech on financial reform. PR 101 says if you are president, you never give a major financial speech while the markets are open. If you say one thing that is negative for stocks, or misinterpreted as being negative toward stocks, the market starts to tank as the speech goes on, and that will be the headline.

Financial speeches should always be delivered at 6:00 PM or later.

[originalbuckeye]

Facetime, facetime, facetime. Have we EVER had such an overexposed President?

[FromLori]

[Army Air Corps]

He IS the Amateur in Chief.

[b4its2late]

It’s all about O.

[b4its2late]

[tgusa]

0 is not only an empty suit; he’s a DOOFUS.

[1rudeboy]

[Bigg Red]

PR 101 says if you are president, you never give a major financial speech while the markets are open.

&&&
Ah, but if you are divine, the old rules don’t apply, mortal.

[parsifal]

First BO speech I could actually stay awake during. I hope he follows thru and corrals these sorry b*stards on Wall Street.

parsy, who says for once BO is dead on right

[Tarpon]

The moo-saih has lost his moo, and it’s not coming back.

He is obviously trying to fix the market. Define fix.

[nikos1121]

What was the outcome of that photo?

[1rudeboy]

No idea, but I’ll guess that contact was made with the ground.

[FromLori]

Here is one I think you will want to read and watch

http://www.freedomsphoenix.com/News/057491-2009-09-14-on-the-edge-with-rob-kirby.htm

[OB1kNOb]

If you say one thing that is negative for stocks, or misinterpreted as being negative toward stocks, the market starts to tank....

Isn't that Obummer's desired result? Makes me wonder if his puppetmasters have a lot of shorts in play and told him that they want to make some money.

[listenhillary]

Death camps I believe he said. They will remove the gold from their teeth, sell off their houses and assets, use them for medical research experiments, the remains will be composted and the methane use to provide green energy.

Parsy the compassionate?

[CharlesWayneCT]

If you say one thing that is negative for stocks, or misinterpreted as being negative toward stocks, the market starts to tank as the speech goes on, and that will be the headline.

Of course that is a political calculation.

The real reason you shouldn't do this is because you will irrationally move the market, not because the move might be bad for you politically.

You give speeches like this at night so that the financial world has time to digest what you have said, ask questions of clarification, and determine the impacts to the economy BEFORE the next market open; the markets might still tank, but if they do it's because what you are doing is bad, not because you said something wrong.

[Deo volente]

Memo to the president: THE CAMPAIGN IS OVER. Get back to the White House and govern!

[LaybackLenny]

Whoa. Amateur night at the White House.

Uh, isn't EVERY night amateur night at this White House? (Then again, it seems to me these traitors know EXACTLY what they're doing.)

[The Comedian]

I wonder what George Soros' anal finger puppet will tell us today?