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In The Wake Of One Of The U.S's Biggest Financial Setbacks - Obama Did Nothing To Calm investors.
Free Republic ^ | August 6 2011 | No Lib Zone

Posted on 08/06/2011 8:49:24 PM PDT by NoLibZone

In the wake of one of the US's biggest financial setbacks, president Obama did nothing to calm investors down in advance of Monday's markets opening.

After the S&P credit ratings downgrade on Friday, president Obama celebrated his 50th birthday party in Chicago.

We had expected the nation’s leader to hold a press conference in an effort to calm investors and assure them that the US is safe and good investment.

Or at least release a statement.

There is a very real concern that come Monday, August 8th ,investors will drive the financial markets down.

Assurances from the US president that the U.S. is going to do more to appease investors , would have helped stability in the Markets.



TOPICS: Business/Economy; Culture/Society; Extended News
KEYWORDS: 882011; aug82011; august82011; creditdowngarde; creditdowngrade; debt; sandpcredit; spcredit
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1 posted on 08/06/2011 8:49:32 PM PDT by NoLibZone
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To: NoLibZone

This commie jerk opens his mouth and the market drops 100 points.


2 posted on 08/06/2011 8:52:57 PM PDT by GregoryFul (Obama - Jim Jones redux)
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To: NoLibZone

What do you expect?? Rush has been saying for three years that Premier Hussein is the least qualified guy in any room he walks into. He has absolutely no experience doing anything but making speeches, so he is incapable of producing any solutions to any problems.


3 posted on 08/06/2011 8:54:23 PM PDT by Bean Counter ("..and thirdly you must hate a Frenchman as you hate the devil." Lord Nelson)
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To: NoLibZone

The little messiah is above press conferences unless he feels like having one, and the feelings of the people in this country mean nothing to him. Perhaps it would have taken to long to setup the morons teleprompters, or he was golfing, take your pick.

He wanted this to happen and his attitude proves it. I’m hoping 2012 will remove this communist from the WH. Better yet, it would be my dream to see him arrested for treason against the US.
I detest this monster!


4 posted on 08/06/2011 8:55:16 PM PDT by mardi59 (T)
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To: NoLibZone

He did everything to make them nervious


5 posted on 08/06/2011 8:56:51 PM PDT by tsowellfan (Let's make the 2012 campaign: "The War on Error")
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To: NoLibZone

0bama’s GOAL is the Destruction of Western Civilization.

He’s right on track.


6 posted on 08/06/2011 8:59:59 PM PDT by Uncle Miltie (Gore Lauds Romney on Climate Position; 0bamaCare was based on RomneyCare.)
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To: NoLibZone

My bet is that Putin or the Butchers of Beijing might “retire” him early if he keeps causing their investments to crater, George Soros be damned.


7 posted on 08/06/2011 9:00:44 PM PDT by E. Pluribus Unum (Palin is coming, and the Tea Party is coming with her.)
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To: NoLibZone

When chaos and crisis is your stock and trade, why would you try and calm anyone?


8 posted on 08/06/2011 9:01:01 PM PDT by Free Vulcan (Obama/Biden '12: No hope and chump change.)
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To: NoLibZone

His incompetence knows no bounds ...


9 posted on 08/06/2011 9:01:47 PM PDT by spodefly (This is my tag line. There are many like it, but this one is mine.)
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10 posted on 08/06/2011 9:02:11 PM PDT by devolve (. . . . . . . . . . . . Fat & Furious - Burger & Fries Queen*s 1700+ calorie lunches . . . . .)
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To: NoLibZone

TOTUS was busy trying to cover its margin calls.

http://olbroad.com/wp-content/uploads/2011/05/Gut-Stops-Here.jpg


11 posted on 08/06/2011 9:02:38 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: NoLibZone

He may be an organizer, but he is no leader.


12 posted on 08/06/2011 9:04:21 PM PDT by marsh2
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To: NoLibZone

A Press Conference? He is systematically destroying the economy on purpose. THAT is the crime, not the lack of a Press Conference.


13 posted on 08/06/2011 9:05:00 PM PDT by Republic of Texas (Socialism Always Fails)
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To: NoLibZone

Don’t worry, Charles Payne says it’ll only take 9-18 years to get our credit rating back.


14 posted on 08/06/2011 9:06:02 PM PDT by orthodoxyordeath
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To: NoLibZone

Remember: He’d never run so much as an ice cream stand, a hot dog cart or a minor department in a Dollar General. He had absolutely ZERO executive experience, yet the morons in this country entrusted him with the world’s only hyper-power and largest economy!!


15 posted on 08/06/2011 9:06:07 PM PDT by 2ndDivisionVet (I'll raise $2million for Gov. Sarah Palin. What'll you do?)
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To: Bean Counter

Even when the room is filled with roaches he is still the least qualified and on top of that the roaches all leave.


16 posted on 08/06/2011 9:06:31 PM PDT by chiefqc
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To: NoLibZone

A stock market dive actually plays into Obama’s hands. Now he can claim that had tax increases been part of the “grand deal”, S & P would have been satisfied with the path toward fiscal discipline and kept the bond rating at AAA. In that case, the market would have stayed confident and stable.

So the market dive is due to the intransigence of the Tea Party Republicans who ruled out tax increases as part of the debt ceiling increase deal.


17 posted on 08/06/2011 9:06:43 PM PDT by randita (Obama - chains you can bereave in.)
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To: NoLibZone
Obama Did Nothing To Calm investors.

HOW LONG IS IT GOING TO TAKE EVERYONE TO REALIZE...HE WANTS TO RUIN THIS COUNTRY = GOAL ALL ALONG.

18 posted on 08/06/2011 9:06:56 PM PDT by NordP (Common Sense ConservaTEAves - Love of Country, Less Govt, Stop Spending, No Govt Run Health Care!!!)
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To: GregoryFul
This commie jerk opens his mouth and the market drops 100 points.

Maybe we could borrow some duct tape from Casey Anthony

19 posted on 08/06/2011 9:07:10 PM PDT by al baby (Hi Mom!!! I know i was kidding)
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To: NoLibZone

He’s done exactly what he’s wanted to do, ruin America. He’s bankrupted us, killed any jobs and for the first time ever had America’s credit rating down graded. That all adds up to exacly what he and his liberal progressive azzholes planned from the start.


20 posted on 08/06/2011 9:14:43 PM PDT by maddog55 (OBAMA: Why stupid people shouldn't vote.)
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