Live Thread: POTUS to speak to country at 1730 ZULU concerning S&P downgrade

08 AUG 11 | dcbryan1

[DCBryan1]

CNBC just broke in and told the audience that the President has requested airtime and will speak to the nation at 1300hrs EST (12 noon central, 10 AM PST) on the US national debt downgrade.

Developing...

[NowApproachingMidnight]

Watching the CSPAN video of these twits run amok in the whitehouse, wearing baseball caps, giving each other bearhugs and fistsbumps is enough to make our founding fathers shake their heads in disgust.

[Scott from the Left Coast]

He delayed because he doesn’t want to give the markets a lot of time to react...they’ve been reacting very badly to him lately and it is killing his PR spin cycle.

[mware]

Dow 11,073.72 -370.89 -3.24%

Nasdaq 2,424.47 -107.94 -4.26%

S&P 500 1,149.06 -50.32 -4.20%

[Dubya-M-DeesWent2SyriaStupid!]

Do you hear a loud buzzing? Okay it just stopped

http://cspan.org/Events/President-to-Address-Credit-Downgrade/10737423372-3/

I’d rather watch it here because the Obama FB page comments were sick they were saying it is both Bushes fault and the teabaggers. I wonder if the people making these comments are real.

[caww]

If he resigns, the market would jump 500 points in a matter of minutes.....I’d almost rather have Biden at this point, that’s how bad the Kenyan is.

You bet it would! But he's not about resigning no matter how bad it looks to us and the professionals who know how bad it is. He still thinks he's a savior and so so his followers......Biden could be controlled since he himself knows he's an airhead.

[CedarDave]

... Megyn Kelly ...

Back from baby #2 maternity leave??

[FourPeas]

Barry’s delay translating into even larger lack of confidence on the street?

[RightGeek]

Do I have to? My head still hurts from all I drank and smoked at the Hip Hop BBQ!

[clove]

Biden could be controlled since he himself knows he's an airhead

Yeah, we could use his quote that he is member of the "cracked head club"

[ken5050]

I think it’ll float around -300 for the rest of the day.. The BIG question is always the LAST 30 minutes...lots of program trads kicking in..also people watching Europe..may not want to be long after hours..it could go UP or DOWN 300 more pts..

[FourPeas]

How many times does Barry refer to the Tea Party and/or Republicans as hostages?

[caww]

I wonder if the people making these comments are real.

We could always crash their party....sing in and take over the comment section. Oh Hummm....not today....Obama will make a fool of himself without our help.

[mware]

If he comes on this afternoon,and gives the same old song and dance. The market is going to get hammered.

[MNJohnnie]

Dow has now dropped 100+ since it was announced the Idiot-In-Chief was going to talk today.

[riri]

He isn't going to resign because this IS WHAT HE HAS INSTALLED IN THERE TO ACCOMPLISH.

He isn't stressed, worried, overwhelmed or anything like that. He was to be "the one" to be in that seat while the USA was dismantled to bring in the global government.

He is willing to be that guy, because he believes the Marxist paradise they are bringing in will be the fruits. It's almost religious to these people.

[newzjunkey]

C-SPAN often has a tone or loud buzzing before these events.

The comments are real. Enough people are that daft and it "helps" we have a 'new media' rapid response team on the White House payroll now. The community organizer knows how to stir the rabble.

[Minus_The_Bear]

[mware]

Dow 11,105.32 -339.29 -2.96%

Nasdaq 2,430.60 -101.81 -4.02%

S&P 500 1,153.55 -45.83 -3.82%

[ken5050]

That’s why Barry delayed until 1:30..do you think he’ll give her a “shout-out?”

[caww]

we have a 'new media' rapid response team on the White House payroll now.

That makes a statement now doesn't it! 5 minutes til he aires....errors.