U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies > Elections
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 10-14-2008, 01:32 AM
 
12,644 posts, read 19,435,391 times
Reputation: 3036

Advertisements

If you think this guy had anything intelligent to contribute to the bailout talks you are delusional.
What a joke...........

National Press Club speech.

Obama admits he doesn't understand the Stock Market - VIDEO

Obama admits he doesn't understand the Stock Market - VIDEO
Rate this post positively Reply With Quote Quick reply to this message

 
Old 10-14-2008, 02:15 AM
 
Location: Unperson Everyman Land
36,266 posts, read 23,632,199 times
Reputation: 11146
No news to me!
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-14-2008, 02:17 AM
 
2,766 posts, read 6,877,843 times
Reputation: 1479
Obama supporters - He admitted he doesn't understand it though, and that right there shows just how honest this man is.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-14-2008, 02:33 AM
 
Location: San Diego
940 posts, read 3,021,151 times
Reputation: 457
Quote:
Originally Posted by Miborn View Post
If you think this guy had anything intelligent to contribute to the bailout talks you are delusional.
What a joke...........

National Press Club speech.

Obama admits he doesn't understand the Stock Market - VIDEO

Obama admits he doesn't understand the Stock Market - VIDEO
who gives a rats *****? the stock market follows the fundamentals of the economy. NO ONE understands the stock market. let me repeat, THIS MEANS NOT EVEN ALAN GREENSPAN, BEN BERNANKE, HENRY PAULSON, ......if they did understand the stock market, they would invest in such a way that they would never lose. NO SUCH THING!

the stock market is one of america's hundreds of investment constituents, each having a different mechanism with different concepts behind each one. investments have NOTHING to do with the 'electability' of a president.

presidents need to understand the fundamentals of the american economy, NOT how the stock market works, because no one knows how it works, they only know how it reacts.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-14-2008, 11:41 AM
 
12,644 posts, read 19,435,391 times
Reputation: 3036
But he solved the problem of Wall Street! Thats what he wants all of us to believe......... I knew the speech he was saying he had no idea what it meant!
He is Phony.......
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-14-2008, 11:50 AM
 
42,727 posts, read 27,725,723 times
Reputation: 14317
"The issue of economics is not something I've understood as well as I should, but I've got Greenspan's book."

John McCain/December 2007
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-14-2008, 11:51 AM
 
Location: Charlotte
12,642 posts, read 14,787,320 times
Reputation: 1679
Was this a "Code Red" talking point for today?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-14-2008, 12:10 PM
 
1,867 posts, read 3,881,557 times
Reputation: 591
See Obama knows when he should seek advice and from the right people. McCain has admitted he doesn't know much about the economy, despite being in Washington for 30 odd years. And therefore McCain relies on Phil Gramm, who he would appoint to head the treasury. Here's some background on how Phil contributed to our current crisis:

Foreclosure Phil


"Eight years ago, as part of a decades-long anti-regulatory crusade, Gramm pulled a sly legislative maneuver that greased the way to the multibillion-dollar subprime meltdown. Now a well-paid executive at a Swiss bank, Gramm cochairs Sen. John McCain's presidential campaign and advises the Republican candidate on economic matters. He's been mentioned as a possible Treasury secretary should McCain win. That's right: A guy who helped screw up the global financial system could end up in charge of US economic policy. Talk about a market failure.

Gramm's long been a handmaiden to Big Finance. In the 1990s, as chairman of the Senate banking committee, he routinely turned down Securities and Exchange Commission chairman Arthur Levitt's requests for more money to police Wall Street; during this period, the sec's workload shot up 80 percent, but its staff grew only 20 percent. Gramm also opposed an sec rule that would have prohibited accounting firms from getting too close to the companies they audited—at one point, according to Levitt's memoir, he warned the sec chairman that if the commission adopted the rule, its funding would be cut. And in 1999, Gramm pushed through a historic banking deregulation bill that decimated Depression-era firewalls between commercial banks, investment banks, insurance companies, and securities firms—setting off a wave of merger mania."
Rate this post positively Reply With Quote Quick reply to this message
 
Old 10-14-2008, 01:27 PM
 
808 posts, read 1,088,844 times
Reputation: 173
Um...all that tells me is that Obama doesn't take foolish risks with money. I don't see that as a bad thing at all.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies > Elections

All times are GMT -6.

© 2005-2022, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top