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It's a well known bedrock fact that ups and downs in the market (for instance) depend a lot on psychology -- certainty and uncertainty. "Clap your hands if you believe!" That's why there are things like the Consumer Confidence Index and the Vix.
You all seem to have expected Obama to solve the global financial crisis in a year and a half. ADHD medicine anyone?
The WSJ editorialist knows better -- he knows that a burst of liquidity and lowered interest rates are the way to unfreeze markets (and that hundreds of events are in play at the same time). But he knows you dont.
Something regarding the expiring tax cuts -- The Rs surely knew they'd expire on Obama's watch which would bring money in, and Obama would get the blame from the RW pinheads. Then they could sweep in and reap the benefits of Obama's work cleaning up their mess from the previous go-round, because their followers famously dont learn from history. (If the Rs do get in in 2012, they wont re-cut your taxes, btw
That's politics.
Last edited by delusianne; 07-03-2010 at 09:13 AM..
Reason: confidence index, not sentiment.
It's a well known bedrock fact that ups and downs in the market (for instance) depend a lot on psychology -- certainty and uncertainty. "Clap your hands if you believe!" That's why there are things like the Consumer Sentiment Index and the Vix.
You all seem to have expected Obama to solve the global financial crisis in a year and a half. ADHD medicine anyone?
The WSJ editorialist knows better -- he knows that a burst of liquidity and lowered interest rates are the way to unfreeze markets (and that hundreds of events are in play at the same time).
Something regarding the expiring tax cuts -- The Rs surely knew they'd expire on Obama's watch which would bring money in, and Obama would get the blame from the RW pinheads. Then they could sweep in and reap the benefits of Obama's work cleaning up their mess from the previous go-round, because their followers famously dont learn from history. (If the Rs do get in in 2012, they wont re-cut your taxes, btw
That's politics.
Wow-
So you are blaming Obama's allowing the Bush tax cuts to expire on the republicans????!?! That is funny as hell! Why doesn't Obama and his democratic congress and senate gang just EXTEND THEM?
Is a year and half enough time? Yes. The problem is that Obama will make the recession even worse next year with his increase in personal and corporate taxes, as well as his Obamacare taxes. Read a little history- we don't need to live through a few more years of misery simply because Obama does not understand economics or history.
Liquidity cannot increase when Obama has a strangle hold on the financial sector. Despite low interest rates, he is the fat man lying on the top of prosperity, refusing to let it get up.
Obama is responsible for his dismal record of no jobs and soaring deficits. It is hard to face the facts, and liberals just cannot do it. Thier percieved liberal "messiah", after all those years of hope, has failed miserably. It must be a big let down for the tie-dyed petuli (sp) oil crowd. Hopefully, they wll go back to just getting quietly stoned and let the next president and congress try to massively cut spending to undo the mess Obama has created.
Obama did not fail. For that matter Bush did not fail. The United States has failed. We are a failed nation state. There is not way to fix this mess. It is like the oil- cannot be stopped and cannot be fixed. And like the oil, we are just going to have to live with the mess for a very long time to come. The economy is NEVER going to be what it was. The bubbles that gave us all the grand illusion of a great economy are all gone now. No matter how much the government tries to blow more bubbles with stupid gimmicks like "buy a car" and "buy a house" tax credits, the bubbles will not re inflate. No matter how much the banksters print worthless money or sell worthless bonds to the Chinese, it will not work. The illusion has been exposed.
So the only thing that is going to happen is this:
1. Americans (except for the rich CEO and bankster types) are going to have to swallow BIG decreases in the standard of living. Probably on the order of 25% at least.
2. America itself will not be the empire it was. We have already been exposed as a paper tiger and much of the world is not scared of us like they were after WW2. Our economic and military power mean nothing. Iran and North Korea laugh at our demands. Afganistan will not be conquered no matter how much blood and money we dump there. The G7 and G20 will pretty much continue to ignore us and our lecturing of them on how to run their economies, They don't need us anymore. The Chinese will eventually figure out that they are not going to get paid back and quit buying our worthless bonds.
So you are blaming Obama's allowing the Bush tax cuts to expire on the republicans????!?! That is funny as hell! Why doesn't Obama and his democratic congress and senate gang just EXTEND THEM?
Is a year and half enough time? Yes. The problem is that Obama will make the recession even worse next year with his increase in personal and corporate taxes, as well as his Obamacare taxes. Read a little history- we don't need to live through a few more years of misery simply because Obama does not understand economics or history.
Liquidity cannot increase when Obama has a strangle hold on the financial sector. Despite low interest rates, he is the fat man lying on the top of prosperity, refusing to let it get up.
Obama is responsible for his dismal record of no jobs and soaring deficits. It is hard to face the facts, and liberals just cannot do it. Thier percieved liberal "messiah", after all those years of hope, has failed miserably. It must be a big let down for the tie-dyed petuli (sp) oil crowd. Hopefully, they wll go back to just getting quietly stoned and let the next president and congress try to massively cut spending to undo the mess Obama has created.
Dont take this the wrong way, but from your post and other RWs' posts it seems you all think Obama is running the country alone from his bedroom like a video game. It's pretty funny to read.
No, Obama isn't a fool, it's a brillant man.But he didn't study economics, it's not a speciality for him, and Obama's economic policies can prove it.
And John McCain was bad about economics too, so the US wasn't very lucky in 2008
Please, enlighten us on what he has done to make you believe, "it's a brilliant man".
That piece was dead on. This administrations agenda is a job killer.
Cap and tax, healthcare reform, etc... No one really knows the financial impact these will have on businesses. In a time of economic downturn, why create an incredible amount of doubt.
No, Obama isn't a fool, it's a brillant man.But he didn't study economics, it's not a speciality for him, and Obama's economic policies can prove it.
And John McCain was bad about economics too, so the US wasn't very lucky in 2008
But he DID run for President, at a time when the economy was the number one issue. Not very brilliant of him to at least familiarize himself with the basics.
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