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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
KEYWORDS: barackalypsenow; barackfubar; barackthebroke; barrackolypsenow; bhodrivel; bhoeconomy; bhofail; bhofascism; blamegamepart23; bottomofthebarrel; cluelessrookie; crabsinabarrel; debtmantalking; debtmanwalking; debttospendingratio; democrats; disasterinchief; doomsday; downgrade; drivel; eatyourcake; epicfail; fail; fraud; fubogtfo2012; goonvacayalready; happydayshereagain; heckuvajobtimmie; herberthoover; hooverville; hopeychangey; ibarack; impeach; inneedosomerestraint; kingofthedeficit; liberalfascism; liberals; livethread; neverendingspending; nobama; nobama2012; noobpresidency; obama; obamadepression; obamageddon; obamalypto; obamanation; oblame; palinwest; prayforresign; presidentdowngrade; presidenttrainwreck; progressives; resignnow; socialistdemocrats; sociopathinchief; sp; spstolemycreditcard; summerofbankruptcy; timmyforever; vineyardvampire; wagyu4theone; worstpresidentever; youlie
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To: clove

Right on, Clove!!!


681 posted on 08/08/2011 12:10:48 PM PDT by Justaham
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To: Justaham
CNBC said that DOW fell 602 at one point.

Fell to 10,840 at one point. It's currently around 10,950.
682 posted on 08/08/2011 12:11:04 PM PDT by Girlene
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To: markomalley

Right after the clown prince spoke it seemed to be bucking the days trend.


683 posted on 08/08/2011 12:11:30 PM PDT by John W (Natural-born US citizen since 1955)
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To: markomalley

I think so too. “They” want to stop the nosebleed. Maybe Soros and his rich friends????


684 posted on 08/08/2011 12:12:13 PM PDT by Justaham
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685 posted on 08/08/2011 12:12:24 PM 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: markomalley

Rush suggested the Fed might do this.


686 posted on 08/08/2011 12:12:52 PM PDT by Madame Dufarge
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To: markomalley

Well of course they are....

http://www.wealthdaily.com/articles/plunge-protection-team/1848


687 posted on 08/08/2011 12:14:19 PM PDT by EBH (God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
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To: Madame Dufarge

if thats what ‘they’ did, prop up the market at the -600 point today, then tomorrow they will dump it and we will see another -500 day probably


688 posted on 08/08/2011 12:14:37 PM PDT by WashStateGirl
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To: Madame Dufarge

You are correct and those printing presses have to be used to do something ... even if printing more money is wrong.


689 posted on 08/08/2011 12:14:59 PM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
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To: Madame Dufarge

Definately looks like the plunge protection team is trying. But, there was about the same 150 pt range rebound around 11 this morning also, and just like this morning there was one sharp uptick and now it is turning back negative again.


690 posted on 08/08/2011 12:15:43 PM PDT by commish (Freedom tastes sweetest to those who have fought to preserve it.)
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To: Justaham

They wanted Obama to come on and mumble the Democrat talking points/blame game and have the market to go up by flooding it with borrowed/printed government money. There won’t be a true market any longer, it’ll all be government money, the private money has fled.


691 posted on 08/08/2011 12:16:41 PM PDT by Scott from the Left Coast
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To: WashStateGirl

The banks eating each other now?

692 posted on 08/08/2011 12:17:03 PM 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: DCBryan1

Message to the fascio-stalinists:

You cannot force us to purchase EVERYTHING!

Try to COME and make us.

“Thou shall not steal.” Exodus 20:15

“Thou shall not covet.”


693 posted on 08/08/2011 12:18:02 PM PDT by Varsity Flight
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To: shield

Thanks! It was just as funny watching it the second time.

West uses his wit to good advantage to make a point about Timmy G.


694 posted on 08/08/2011 12:18:07 PM PDT by Palladin (Sarah Palin in 2012!)
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To: who knows what evil?

Jumped?? HELL NO!
I sold my PCLN investment last week before Thursday’s crash , and have made a STINKING KILLING today on my shorts!

You just KNEW this was coming, and I think a lot of people bought in to the Democrat/Media “this is no big deal!” spin over the weekend.


695 posted on 08/08/2011 12:18:52 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: markomalley

What we are seeing here is capitulation


696 posted on 08/08/2011 12:19:40 PM PDT by 101voodoo
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To: Scott from the Left Coast

55 more minutes to prove Obama’s incompetencies. Private Investors fleeing as fast as they ca.


697 posted on 08/08/2011 12:21:07 PM PDT by Justaham
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To: Palladin

Yes, WEST IS GREAT.....


698 posted on 08/08/2011 12:21:19 PM PDT by shield (Rev 2:9 Woe unto those who say they are Judahites and are not, but are of the syna GOG ue of Satan.)
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To: markomalley

Dow Jones Industrial Average

(DJI: ^DJI )
Index Value: 10,937.04
Trade Time: 3:01PM EDT
Change: Down 507.57 (4.44%)

699 posted on 08/08/2011 12:21:39 PM PDT by Red Steel
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To: liberalh8ter
At this point, he’d be better off just saying, “It’s not my fault”

"It's not my fault! It's not my fault!"

700 posted on 08/08/2011 12:21:56 PM PDT by Tonytitan
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