Obama News Conference - Page 2

motordavid · #1 02-10-2009, 04:34 PM

I guess the Mkt didn't care for his speech very much, along with the "stimulus/Porko" program
that floated through the system...

I may be sliding over to the VeryUsedKia board soon.

X5rolls · #2 02-10-2009, 04:51 PM

No, the market didn't like it at all - can you blame them?

Phil Flynn, an analyst at Alaron Trading Corp., said investors appear concerned about the inflationary effects of massive government spending.

"People are running to gold as a reaction to the speech and are running away from the stock market. And of course that's pressuring the oil down," he said.

Quote:

Originally Posted by motordavid

I guess the Mkt didn't care for his speech very much, along with the "stimulus/Porko" program
that floated through the system...

I may be sliding over to the VeryUsedKia board soon.

E61Silver · #3 02-10-2009, 04:53 PM

Didn't the market drop with the Bush plan as well?

motordavid · #4 02-10-2009, 05:23 PM

I'm watching Treasury Sec G, the Boy Wonder, on CNBC...
it's a 5 month long fookin train wreck. Add in the Pelosi
sponsored Save the World and Cover All Bases pork deal(s),
and it's looking pretty ugly for quite some time to come, imo.

E61Silver · #5 02-10-2009, 07:09 PM

Clinton left the country with a balance budget.

His zipper might of needed work but he left the country in good shape.

FSETH · #6 02-10-2009, 07:21 PM

Quote:

Originally Posted by x54.4blue

Clinton left the country with a balance budget.

His zipper might of needed work but he left the country in good shape.

Requirements for borrowers were eased during his administration and he appointed the main people who ended up milking Fannie Mae for millions. He really laid the "turd" before Bush. Bush was just unlucky enough that it started stinking when he became president.

Wasn't there also this little issue about one of Bin Ladens speed boats crashing into one of out military ships? We could have had him then, pre-911.

Still think he left the country in great shape? There are many Presidents who get credit and catch blame for things that really aren't of thier doing.

E61Silver · #7 02-10-2009, 07:25 PM

Quote:

Originally Posted by FSETH

Requirements for borrowers were eased during his administration and he appointed the main people who ended up milking Fannie Mae for millions. He really laid the "turd" before Bush. Bush was just unlucky enough that it started stinking when he became president.

Wasn't there also this little issue about one of Bin Ladens speed boats crashing into one of out military ships? We could have had him then, pre-911.

Still think he left the country in great shape? There are many Presidents who get credit and catch blame for things that really aren't of thier doing.

You are trying to tell us that after eight of Bush, its Clinton fault that the country is in trouble?

FSETH · #8 02-10-2009, 07:30 PM

Quote:

Originally Posted by x54.4blue

You are trying to tell us that after eight of Bush, its Clinton fault that the country is in trouble?

Not entirely. All I am saying is that housing industry (Fannie Mae in particular) is a large contributing factor that the economy is in such bad shape, IMO, and that Clinton DID make it easier for people with bad credit to get Fannie Mae loans and that he DID appoint the people, who years later (just recently) got in trouble for milking Fannie Mae out of millions of dollars.

I never said Bush doesn't deserve blame. I just said that these two things that Clinton did ended up hurting us later. It wouldn't have mattered who was president. Everyone is very quick to blame the current President for bad things and give them credit for good things. Reality of it is that SOME of these things were set in motion long before that president took office.

Eric5273 · #9 02-10-2009, 07:34 PM

The worst thing that Clinton did was to sign NAFTA. That has hurt our economy far more than anything in the banking sector.

Quicksilver · #10 02-11-2009, 03:37 AM

Homey Bush had eight years to
use his pooper scooper and clean
that mess up.........

Instead.... he added to the mess...

I believe as time goes by we are gonna
find out how much he stunk it up.

Quote:

Originally Posted by FSETH

Requirements for borrowers were eased during his administration and he appointed the main people who ended up milking Fannie Mae for millions. He really laid the "turd" before Bush. Bush was just unlucky enough that it started stinking when he became president.

Wasn't there also this little issue about one of Bin Ladens speed boats crashing into one of out military ships? We could have had him then, pre-911.

Still think he left the country in great shape? There are many Presidents who get credit and catch blame for things that really aren't of thier doing.