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Live Thread: POTUS to speak to country at 1730 ZULU concerning S&P downgrade
08 AUG 11 | dcbryan1

Posted on 08/08/2011 8:31:48 AM PDT by 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...


TOPICS: Breaking News; Business/Economy; Government; News/Current Events; Politics/Elections
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-582!!!

601 posted on 08/08/2011 11:44:09 AM PDT by markomalley (Nothing emboldens the wicked so greatly as the lack of courage on the part of the good-Pope Leo XIII)
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To: riri

-700 is sounding more likely


602 posted on 08/08/2011 11:44:09 AM PDT by FourPeas ("Maladjusted and wigging out is no way to go through life, son." -hg)
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To: KansasGirl
Obama’s got nothin’!

Oh he had something.....Hope and Change.....He took our Hope and gave us Change we don't want

603 posted on 08/08/2011 11:44:16 AM PDT by clove (God, Family and Country, the truth will live!)
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To: mware

Yup and DOW is down almost 5%.


604 posted on 08/08/2011 11:44:31 AM PDT by Justaham
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Markets Crashing!!


605 posted on 08/08/2011 11:44:43 AM PDT by Errant
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To: cll
CNN: “President Barack Obama presented a reassuring assessment of the U.S. economic situation Monday, calling the country’s problems “imminently solvable.” The solution?

Palin/West 2012!!!
606 posted on 08/08/2011 11:44:54 AM PDT by Mr. Jazzy ("A man may be a fool and not know it, . . . but not if he is married." - H. L. Mencken)
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To: untwist

Dow 10,849.43 -595.18 -5.20%

Nasdaq 2,380.33 -152.08 -6.01%

S&P 500 1,122.70 -76.68 -6.39%


607 posted on 08/08/2011 11:45:36 AM PDT by mware (By all that you hold dear on this good earth, I bid you stand, Men of the Wes)
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To: hattend

608 posted on 08/08/2011 11:45:36 AM PDT by Lucky9teen (Peace is that brief glorious moment in history when everybody stands around reloading.~Thomas Jeffer)
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To: DCBryan1
Was this speech supposed to help or was it designed to push the average investor off the cliff?


609 posted on 08/08/2011 11:45:36 AM PDT by Raycpa
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To: hattend
Reporters were there. Reporters tried to ask questions. zer0 walked out.
610 posted on 08/08/2011 11:45:56 AM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
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To: Errant
Markets Crashing!!

In a HUGE way!!!
611 posted on 08/08/2011 11:45:56 AM PDT by Justaham
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To: cll
“imminently solvable.”

LoL!

612 posted on 08/08/2011 11:45:56 AM PDT by relee ('Till the blue skies drive the dark clouds far away)
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To: no-to-illegals

Yep, his body language and demeanor was revealing. This guy is way over his head, and the look on his face alone was like looking at someone getting ready to serve time in prison, or someone who was just told their home blew up because they left the gas on.

No joke.


613 posted on 08/08/2011 11:46:05 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: HKMk23

You are absolutely right:

By Brendan Conway
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)—U.S. stocks tumbled Monday and gold surged as investors fled from risky assets during the first trading session since Standard & Poor’s downgraded the federal government’s credit rating late Friday.

The Dow Jones Industrial Average dropped 406 points, or 3.6%, to 11038 as 2 p.m. EDT approached, plumbing fresh session lows midafternoon. The market was on track to take another chunk from investor portfolios after last week’s swoon, which came as investors lost faith in European leaders’ ability to stave off a debt crisis, and as fears grew that the economic slowdown would deepen into a recession.

The Standard & Poor’s 500 stock index tumbled 55 points, or 4.1%, to 1150, with financial and energy stocks falling hardest. The Nasdaq Composite slumped 120 points, or 4.7%, to 2413.


614 posted on 08/08/2011 11:46:05 AM PDT by Palladin (Sarah Palin in 2012!)
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To: mware

“It can’t happen here...”


615 posted on 08/08/2011 11:46:17 AM PDT by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: Errant

616 posted on 08/08/2011 11:46:28 AM PDT by markomalley (Nothing emboldens the wicked so greatly as the lack of courage on the part of the good-Pope Leo XIII)
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To: FourPeas

Nothing personal, of course. ;-). Obama just wants to “consume” all of us who insist on free markets, individual liberty and the free exercise of religion (other than Islam, of course), and who also believe that government is the problem, not the answer.


617 posted on 08/08/2011 11:47:17 AM PDT by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: Godzilla

618 posted on 08/08/2011 11:47:59 AM PDT by Lucky9teen (Peace is that brief glorious moment in history when everybody stands around reloading.~Thomas Jeffer)
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To: Raycpa

Speaking of which...has anyone jumped out of any windows on Wall Street yet?


619 posted on 08/08/2011 11:48:26 AM PDT by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: Mr. Jazzy

I love Palin and I love West.

I heard West on some show say about Geithner:

“When you open that refrigerator door, the light don’t go on.”

Man, he cracks me up! LOLOLOL.


620 posted on 08/08/2011 11:48:46 AM PDT by Palladin (Sarah Palin in 2012!)
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