quote:

ORIGINAL: outlier

I wonder if Obama is regretting taking over this mess.
Expecially since so many are eager to blame him if he
cannot reverse it.

quote:

Police in Baltimore today made what is believed to be the first arrest in a civil disobedience program aimed at supporting homeowners who refuse to vacate their foreclosed homes."This is our house now," ACORN member Louis Beverly reportedly said after cutting a lock with bolt cutters at the home.
Source: ACORN CIVIL DISOBEDIENCE 

quote:

ORIGINAL: MarsBonfire

Thank god we DID elect Obama... can you imagine how hard our economy would be going down in flames if McCain and his proxy Bush third term were in office right now? (shudder) I was watching one of the financial new channels and a talk show there tried to project where we'd be RIGHT NOW had McCain just continued with the tax cuts for the rich, and didn't bother with any kind of stimulus to the credit markets....

Total
Fucking
Chaos!

quote:

ORIGINAL: MasterShake69

On Monday the 23 rd I was watching MSNBC's show hardball and was amazed the truth was aired about Obama.  It has become apparent to even the broadcasters that are Obama fans that he doesn't understand the economy.  The liberals were making suggestions that Obama go away for a weekend and study up on things.  My jaw dropped and i was shaking my head with amazement. There hero is ignorant about the economy.  Would that make Obama dumber then Bush or as dumb as Bush ;)

http://www.msnbc.msn.com/id/21134540/vp/29356259#29356259
http://www.msnbc.msn.com/id/3036697/

quote:

ORIGINAL: outlier

Yes Vendaval,

Or as The Onion put it on Nov 5th.

Black Man Given Nation's Worst Job

WASHINGTON—African-American man Barack Obama, 47, was given the least-desirable job in the entire country Tuesday when he was elected president of the United States of America. In his new high-stress, low-reward position, Obama will be charged with such tasks as completely overhauling the nation's broken-down economy, repairing the crumbling infrastructure, and generally having to please more than 300 million Americans and cater to their every whim on a daily basis. As part of his duties, the black man will have to spend four to eight years cleaning up the messes other people left behind. The job comes with such intense scrutiny and so certain a guarantee of failure that only one other person even bothered applying for it. Said scholar and activist Mark L. Denton, "It just goes to show you that, in this country, a black man still can't catch a break."

quote:

ORIGINAL: outlier

corysub,

It was The Onion! I clearly stated it was "The Onion" and gave a link to show it.
Vendaval clearly got it.

Here maybe this will explain it to you.

http://en.wikipedia.org/wiki/The_Onion

The Onion is an American "fake news" organization. It features satirical articles reporting
on international, national, and local news as well as an entertainment newspaper and website
known as The A.V. Club.

But then again there are none so blind as those who will not see.
So maybe you won't get it.

Outlier

quote:

ORIGINAL: outlier

corysub,

It was The Onion! I clearly stated it was "The Onion" and gave a link to show it.
Vendaval clearly got it.

Here maybe this will explain it to you.

http://en.wikipedia.org/wiki/The_Onion

"The Onion is an American "fake news" organization. It features satirical articles reporting
on international, national, and local news as well as an entertainment newspaper and website
known as The A.V. Club."

But then again there are none so blind as those who will not see.
So maybe you won't get it.

Outlier

edited to add quotes around the wiki paragraph

quote:

ORIGINAL: Hippiekinkster

quote:

ORIGINAL: Mercnbeth

~ Fast Reply ~

 
Agendas have replaced goals for this administration. There is no doubt the plan in action is designed to achieve them. Were another person in place at the top, not necessarily Senator McCain or any of the figureheads allowed to achieve political power by the PAC, special interest paymaster; they could have taken a differnt path and accomplished a bit more out of the gate.

Maybe instead of making public works jobs a priority; they would have pursued a path creating private sector jobs.

Instead of just turning over TARP money only to see it used for acquisitions, contractual bonuses, and providing an opportunity to insulate losses already on the books, they could have required it to be used strictly in financing and re-financing present loans.

Instead of responding to the "we have to do something!" outcry from the public which resulted in doing something that best resembles a bloated Hollywood sequel to President Bush's 'economic stimulus' program; they could have performed an audit and determined where the current funds are outgoing from the US Treasury.

Yes, like any new President he's suffering the 'sins' of his predecessor, but nobody ever said he had to follow them to the letter. I wonder why he, or anyone, would expect a different result?

As we speak, the review of this weekend's rhetoric coming from the White House and its policy makers got a 250 point 'thumps down' from Wall Street today. The result is even more troubling considering the announcement that he is backing off from prior rhetoric regarding Nationalizing the financial industry; now they only want a 40% stake in the CitiBank failure. Although another boon to the 'short sellers' which I participate, its not something I identify as being a long term smart investment strategy. I'm already worried that it the trend continues we'll see a day similar to what occurred in Germany, where you got bread equal to the height of pile of marks you put on the bakers counter.

ACORN, has just had its first arrest.

quote:

Police in Baltimore today made what is believed to be the first arrest in a civil disobedience program aimed at supporting homeowners who refuse to vacate their foreclosed homes."This is our house now," ACORN member Louis Beverly reportedly said after cutting a lock with bolt cutters at the home.
Source: ACORN CIVIL DISOBEDIENCE 

There mandate to do so came directly from President Obama when he spoke to their convention. President Obama pulled the pin from that grenade all by himself. When the weather turns from cold to warm, the Presidential mandate ACORN beleives they have, has the potential of blowing up into violence.

The problem that this will bring is that Banks will react to pressure and rhetoric coming from the streets and supported by the White House. Especially now when their ongoing failure was assured. The pressure will be on the commercial side of the ledger sheet. There is no publicly funded special interest group, similar to ACORN, protecting the small business operator, owner, or commercial property manager. When financial institutions re-focus and accelerate the collection efforts against small business, curtailing or limiting their lines of credit, or determining that the underlying commercial property no longer meets the lending guidelines in today's market; there is the added consequence of laying off employees. It creates more families unable to pay their rent and/or mortgages; further lowering the market value of real property, commercial and residential.

Hey, its very convenient to have a scape-goat so loathed as President Bush to blame. However, the results we are seeing from the first days of this administration are owned by this administration. It is their decisions affecting the markets, both Wall Street and Real Estate.

I've taken over, and had to turn around many businesses and companies over the years, including the one I'm with currently. I loved it! I knew going in there were many things I wasn't going to do. At the top of the list, I wasn't going to follow the polices of these who came before me.  Right near that a 1A was I wasn't going to blame those who came before me because that only pointed to the past and did nothing to solve the problem.

Between President Obama and his supporters that seems like all we have going on. Following the same Bush economic program, dramatically increasing its size; while blaming President Bush when economic indicators and pragmatic results point to no end in sight.

There was tremendous opportunity. The constituency wanted, and thought they elected, someone who wouldn't follow the same path. Instead of diving on a live grenade - I would think President Obama would consider just putting back the pin.