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I have said before that the main issue for Obama is what he says about his plans. Everytime he talks about his plans, or Geithner talks about the plans, the markets drop. The last time Geithner spoke, the market dropped 400 points. Today, we are currently up 11 points after Geithner's speech and Obama prediciting doom and gloom.
I don't necassarily want our leaders to tell us everything is going to be roses and unicorns, but I do expect them to be positive about their plans and know what they are talking about. The last Geithner speech that was given, he looked like a rookie, he looked worse than any speech Bush ever gave in his entire history. I hope he came off better today, but I have not heard.
Obama seems to be flailing about right now with no clear vision or direction. He has not been getting out a very cohesive message about what his short term and long term plans. He needs to come out and have a plan that he wants to go with. He is the President now, voting "present" just is not going to cut it anymore.
On Tue, Mar 3, 2009 at 11:01 AM, Jack Smith
<EMAIL:PROTECTED> wrote:
On Tue, 2009-03-03 at 12:09 -0600, Mike Miller wrote:
> On Tue, 3 Mar 2009, Jerry Gamblin wrote:
>
> > As the Dow keeps dropping, the President is running out of people to
> > blame.
> >
> >
http://online.wsj.com/article/SB123604419092515347.html>
>
> It is interesting that the authors thought there was going to be "a normal
> process of economic recovery" starting at the beginning of the Obama
> presidency. Really, regardless of who was to win the election, who was
> saying that was going to happen? I think "no end in sight," "worst since
> the Great Depression," "entering uncharted territory" is more like what I
> was reading.
guys who wanted to get their legislation passed due to an economic
"crisis?" You know, never let a good crisis go to waste.
> The WSJ op-ed page is famous for it's preposterous promotion of
> supply-side economic theory and other laughable b.s. The idea that Obama
> is worsening the crisis is yet another lame idea from the people who
> brought us the crisis in the first place. Let's see, let me guess what
> they think is the right strategy -- could it be more tax cuts for the
> rich? I'll bet that's it. Let me know if I got it right.
>
> Mike
The Wall Street Journal is at least as well-respected as your favorite
paper to post articles from, the New York Times. Just because Krugman
didn't write an op-ed piece doesn't mean it isn't right. The facts
remain that the economy reacted negatively to the new legislation and
statements coming out of Obama and the Democrat Congress. The financial
institutions that were supposed to be shorn up with money from the
spending package and TARP are still in trouble and asking for yet more
money- AIG is asking for a *fourth* bailout. Obama and Co. needs to take
a different tack as their current one isn't panning out very well.
--Jack
--
Thanks
F Vernon Green
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
Theodore Roosevelt
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