Comments on: Obama Approval Index has a new name – a “waterfall”

By: cook

cook — Tue, 10 Mar 2009 06:58:11 +0000

I sure hope so Joe, I’m sure he is a better choice to make the repairs than the other guys who wanted the job.

By: joe

joe — Tue, 10 Mar 2009 05:29:36 +0000

As I said before, I hope he does it within eight years.

By: cook

cook — Tue, 10 Mar 2009 01:58:34 +0000

Joe,

I did not fault Obama for the economy, I said he is the one holding the bag so he gets the blame.

Joe, you are going to be terribly disappointed if you think our president can quickly fix this screwed up systems of institutionalized frauds thirty plus years in the making.

I think the US economy has completed the first 1¼ years of a 4 plus year decline and the DOW will bottom out around 1000 to 1500.

The stock market will continue, but a majority of its current business entities will cease to exist in the next 4 years or so.

In 1929 the “market high” was in Aug, 1929 the crash was in Oct 1929 and the bottom was in July 1932, …. 3 years later. The market reached the Aug 1929 high again in Nov. 1954. A time span of 25 years.

By: Bigmarkod

Bigmarkod — Mon, 09 Mar 2009 01:00:04 +0000

Fullertune,
You are going to have to be more specific, there are a lot of sick people on this page.

By: Fullertune

Fullertune — Sun, 08 Mar 2009 22:46:33 +0000

You’re sick!

By: Shawn (not Nelson)

Shawn (not Nelson) — Sun, 08 Mar 2009 21:55:27 +0000

Jeepers, Obama’s now responsible for our country’s failed economy?

Hmmm? Wasn’t George W. in office for nine months on 9/11, and no one was allowed to criticize him for the attacks on the Twin Towers. (Although, some blamed Clinton.)

So why doesn’t Obama get a free pass, too. I mean, he’s been in the Oval Office, what?, six weeks. (This after 8 years of the Bush “Doctrine”.)

By: joe

joe — Sun, 08 Mar 2009 17:34:48 +0000

Bigmakod

Intersting that you pick Gates, according to this link he, Gates and that other billionair Buffet, threw their support to Obama, knowing full well that taxes would increase. Click her, http://news.in.msn.com/international/article.aspx?cp-documentid=1686613

Then Steve Jobs was actually a John Kerry advisors as much as I remmeber didn’t make a stance between Obama and Mccain. But, my best guess is that he went with Obama since Kerry backed Obama.

And the Gov’t did not just start bailing out these business the last month, plenty of banks failed last year, GM got their first bail out late last year. You need not say, Now, with the implication that it wasn’t happening previously.

However, I think they should be no bailouts.

I probably feel this way because of all the news stories of waste corporate spending after getting the gov’t bailout not because I know what would happen if these companies failed.

I don’t know what would happen, if things will get worse without the gov’t intervention but somehow some bloggers seem to know all the answers. Funny, even people who live and breed economics, received a PHD, don’t seem to know if doing something will temporary help, fix it completely or delay the inevitable.

By: the great one

the great one — Sun, 08 Mar 2009 17:07:27 +0000

i admit these wall st fat cats should be tossed in jail . but not to many poor people start businesses. under the nobama socialist plan its take fron the people who have money and give it others = that is socialism . and my pal little joe did you give bush credit for keeping us safe . or did you rip him on the way he did it .

By: Larry Morrissey

Larry Morrissey — Sun, 08 Mar 2009 16:57:09 +0000

A lot of this is scare tactics to keep the working stiffs in-line. Even businesses doing well will layoff the bottom performers, hoping to hire somebody better, which keeps anyone from asking for a raise or complaining about a wage cut.
Obviously, for every seller there’s a buyer and these buyers know that with the coming inflation due to all the pump priming stocks will go up as businesses raise prices.

By: Bigmarkod

Bigmarkod — Sun, 08 Mar 2009 16:54:00 +0000

Terry,
Sadly this country will have its own Nationwide Economics Class.The people will have to learn that Profit is good, that business is good, and that punishing people for satisfying the needs of others is bad.
Lets look at the basics, can Bill Gates force me to buy his system? No. Can Steve Jobs froce me to buy a Mac, or an iphone? No. Can Pfizer force me to buy their drugs? No. So the only way they can make any money, is to give me what I want, at a price I am willing to pay. Only when they do this will I give them my money, and then they will make their profit.
The only “person” that can take my money witout having to meet any need or satisfy my requests is the government. They can do it by force.
Should GM, Ford, Citi, BofA and others get bailout $, HELL NO. They should fail! Now the government want’s to punish those who are making a big “Profit” by serving other people. Stupid, Stupid, Stupid

By: joe

joe — Sun, 08 Mar 2009 16:01:38 +0000

Cook,

I guess you believe the economic downturn started late january 2009 instead of what most leading economist December 2007.

Sure, all these bad loans, corrupt business, and crooked investment people did all there scandals started just last month.

The fact is that people are suffering now for the acts the last few years or more.

That’s chicken s%it when you want drop a mess on someone’s lap and say fix it. Then, you want him to fix it your way, not his.

Eight years to change the direction is plenty of time to turn things around.

I just hope that at the end of this term you admit and give credit to the person holding the bag at the end of that term.

By: Red Vixen

Red Vixen — Sun, 08 Mar 2009 13:19:30 +0000

Terry,
Nice site!

Cook,
I don’t really remember agreeing with you much, but I agree with you right now. I can’t take that scam that they call wall street as an indicator of anything other than greed, chaos and a bunch of rich whiners who want our money and want to control our government if they don’t get their way.

No one is buying stocks right now. Geeze, even Warren Buffett is out of ideas. When there is no demand, there is a drop in prices. Unless people are actually working and have enough income to “invest” then you won’t see money flow back into that ponzi scheme that we call stocks and bonds. There may be a time to reinvest, but for so many, there is nothing to spare in these troubled times.

Did anyone else see the Larry Kudlow (another CNBC stock pumper/prostitute) rant insisting that the rich have the right to keep their untaxed monies in offshore accounts? He was actually outraged that those accounts are fair game for the taxes never paid. It was unbelievable. I hope he and Santelli are looking for work soon. Just like so many people who have been screwed by profit-driven corporate greed that discards workers in order to deliver obscene profits to ceos and their cronies.