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Thank you, President Obama

Posted: Thu Feb 17, 2011 2:24 pm
by CitadelGrad
Unemployment, up. Interest rates, up. Inflation, up. Federal budget deficit, up. National debt, up.

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Re: Thank you, President Obama

Posted: Thu Feb 17, 2011 2:35 pm
by Wedgebuster
Eh, don't forget the stock market being up as well.

As for me, the most important one, things are looking way up. :thumb:

Thank You President Obama for marginalizing the Bush Republicans, creating opportunities for the non annointed, and splitting the GOP into the factions we see today. :thumb:


:nod: :nod:

Re: Thank you, President Obama

Posted: Thu Feb 17, 2011 2:40 pm
by Skjellyfetti
Wedgebuster wrote:Eh, don't forget the stock market being up as well.
CitadelGrad doesn't want to hear about that. He told his family to get our of the market last year before it took off. He probably has a guilty conscience.

Re: Thank you, President Obama

Posted: Thu Feb 17, 2011 2:40 pm
by Bronco
What do you expect when you elect someone with no business or for that matter any experience to be the leader of the free world.

He did say he was qualified to be president because he ran a campaign....really that's what he said and you voted for him.

Suckers

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Re: Thank you, President Obama

Posted: Thu Feb 17, 2011 2:51 pm
by Grizalltheway
Bronco wrote:What do you expect when you elect someone with no business or for that matter any experience to be the leader of the free world.

He did say he was qualified to be president because he ran a campaign....really that's what he said and you voted for him.

Suckers

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The economy tanked under your hero W, that wonderful businessman from Teeeexas. :thumb:

Re: Thank you, President Obama

Posted: Thu Feb 17, 2011 3:08 pm
by Skjellyfetti
And the economy is now growing again. :thumb:

Re: Thank you, President Obama

Posted: Thu Feb 17, 2011 3:12 pm
by Grizalltheway
http://economictimes.indiatimes.com/mar ... 518908.cms" onclick="window.open(this.href);return false;

Re: Thank you, President Obama

Posted: Thu Feb 17, 2011 3:22 pm
by lakesbison
Obama sucks ass .

Stock market is up.now, cuz republicans won the senate and they are investing again. Not cause of.NOBAMA

Re: Thank you, President Obama

Posted: Thu Feb 17, 2011 3:25 pm
by Vidav
Also, random periods.

Re: Thank you, President Obama

Posted: Thu Feb 17, 2011 3:25 pm
by GannonFan
While I hope Obama is successful, let's not be glib about this - the economy is far, far from being fixed. Sure it's great that the GDP is growing and that the stock market is cruising along, but the economy has to grow a whole lot faster than it is to get us back to a happy place. Real unemployment is well over 15%, wages are depressed, many states are facing huge budget deficits, the housing market is probably 5 years away from being fully fixed, consumer prices are expected to soar over the next year as food and clothing prices are moving signficantly upward, and we have a massive deficit hanging over our heads that doesn't seem like it's going to be fixed any time soon. Being in manufacturing myself, it's certainly better than it was, but you count yourself lucky everyday you have a job. We didn't get here overnight, and we apparently aren't going to get out of this overnight either. Let's keep the corks in the champagne bottles until we really have something to celebrate. If this was a baseball game, we're barely into the second inning.

Re: Thank you, President Obama

Posted: Thu Feb 17, 2011 3:33 pm
by CitadelGrad
Skjellyfetti wrote:
Wedgebuster wrote:Eh, don't forget the stock market being up as well.
CitadelGrad doesn't want to hear about that. He told his family to get our of the market last year before it took off. He probably has a guilty conscience.
Actually, I told them to get out at the double top last spring, right before it tanked. No, I don't feel guilty.

Since you seem to know such a great deal about equities markets, can you tell me why the market is up and what the p/e ratios of the major indexes are? Can you tell me why you think those levels are sustainable?

Re: Thank you, President Obama

Posted: Thu Feb 17, 2011 5:57 pm
by SuperHornet
Change we can believe in? How's THAT working for ya?

:rofl:

Re: Thank you, President Obama

Posted: Thu Feb 17, 2011 8:06 pm
by AZGrizFan
Skjellyfetti wrote:
Wedgebuster wrote:Eh, don't forget the stock market being up as well.
CitadelGrad doesn't want to hear about that. He told his family to get our of the market last year before it took off. He probably has a guilty conscience.
how's that stock market gonna look when China calls in all our debt?

Re: Thank you, President Obama

Posted: Thu Feb 17, 2011 9:14 pm
by Bronco
Geithner Rocked at Senate Hearing.
Fox Nation ^ | February 17, 2011


Sen. Jeff Sessions: “…Under your budget, the interest increases each year. It was $187 billion in 2009, under your proposal it increases to $844 billion”

Treasury Tim Geithner: “Senator, absolutely, it is an excessively high interest burden, it’s unsustainable”
Sessions: “Well it’s your plan. That’s the plan the President submitted.”

Geithner: “You’re absolutely right that with the president’s plan, even if Congress were to enact it, and even if Congress were to hold to it and reduce those deficits to three percent of GDP over the next five years, we would still be left with a very large interest burden and unsustainable obligations over time”

Sessions: “It’s not acceptable. I’m sorry, but that’s not a plan for winning the future, that’s a plan for losing the future…”


(Excerpt) Read more at nation.foxnews.com ...


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