The Markets React to Obama's speech!

[Jermyn Davidson]

Originally Posted by coadie

Some perspective. JD is crowing about things he knows nothing about. The market value of equities in my memory multipled by 3% drop in value today means the market value of the US market fell 1 trillion dollars. Obama's "stimulus" not so called was 400 billion plus. Obama's attack on the wealthy comes in the form or making their net worth fall even without taxes.

???

My assertion is that yesterday's bad day on Wall St had little to do with the President's speech and everything to do with what's going in Europe.

I'm not wrong in my assertion.


You know where the "uncertainty" is with the President's plan is not what he said, but it's in his ability to get Congress to approve his plan-- a reflection of the partisan politics that immobilizes Washington when it should be working for the people.

If you don't want to believe me, take it up with Reuters.

http://www.reuters.com/article/2011/...7880QH20110909





Read what the Wall Street Journal has to say about the matter-- make sure you read the article and notice how many paragraphs are devoted to the European instability.

http://online.wsj.com/article/SB1000...NewsCollection



Again, some conservatives just want to criticize the President just because of who he is. Where are the conservatives who can realize that if this plan passes COngress, it would be AN EXCELLENT thing for people all across the country!

[Jermyn Davidson]

I have criticized President Obama on many occasions.

My purpose in posting on this thread is to point out how quickly and erroneously some conservatives want to put today's bad news on the President.

[TJJJ]

Originally Posted by Jermyn Davidson

I have criticized President Obama on many occasions.

My purpose in posting on this thread is to point out how quickly and erroneously some conservatives want to put today's bad news on the President.

Jermyn, with all due respect, the market fluctuates wildly with every wind that blows out of the politicians mouth. The prez is the POTUS! Yes, the market IS going to react one way or another as they view the potential effects of his speech and what he is laying out.

It happens every time! Watch what happens when either him or the Fed chairman speak. I remember watching when Greenspan would say anything... the market would go wild.

The market decided that Obama's proposal was hot air and that it was going to continue to hit the future of America. That is what the market is all about. Futures! future growth, future profits and etc.

What Obama is doing is hurting the future of this country and the markets reacted accordingly. Even the overseas markets reponded.

That is the way it is Jermyn. Yes, yesterday was the presidents fault, he dropped the ball.

[Pressing-On]

Originally Posted by Jermyn Davidson

I have criticized President Obama on many occasions.

My purpose in posting on this thread is to point out how quickly and erroneously some conservatives want to put today's bad news on the President.

Jerymn,
It isn't quickly and erroneously anything. It is simply a news development and cause and effect.

Even Larry Kudlow (Economist) is saying the stock market plunge is a result of the Greek default, recent al-Quaeda threat AND the leaked reports leading up to Obama's speech. A $450 billion plan, 50% of the stimulus plan of 2009, which did NOT work. He is giving us the same plan on a smaller scale and that is what we knew he would do.

Aside from that and at the core of my angst with Obama is when he said that we needed a "living, breathing Constitution" that "changes with the times". He is actually recommending the very system the Colonists sought to escape from in England.

The British constitution was very flexible. It was much to flexible for the Colonists. The Colonists were "inflexibly" committed to upholding their traditional rights. The "living, breathing" British constitution was no safequard of American liberties.

Hence, steps in the Tea Party, in this hour, and you should be glad for it.

[Jason B]

Originally Posted by Jermyn Davidson

The problem today is not Obama's speech-- it's Europe.

Some of you guys are simply incredible....

It is NEVER Obama's fault..............

[canam]

Originally Posted by Jermyn Davidson

???

My assertion is that yesterday's bad day on Wall St had little to do with the President's speech and everything to do with what's going in Europe.

I'm not wrong in my assertion.


You know where the "uncertainty" is with the President's plan is not what he said, but it's in his ability to get Congress to approve his plan-- a reflection of the partisan politics that immobilizes Washington when it should be working for the people.

If you don't want to believe me, take it up with Reuters.

http://www.reuters.com/article/2011/...7880QH20110909





Read what the Wall Street Journal has to say about the matter-- make sure you read the article and notice how many paragraphs are devoted to the European instability.

http://online.wsj.com/article/SB1000...NewsCollection



Again, some conservatives just want to criticize the President just because of who he is. Where are the conservatives who can realize that if this plan passes COngress, it would be AN EXCELLENT thing for people all across the country!

Its not an excellent thing to put this country 500 billion more in debt JD wake up !!!

[canam]

Originally Posted by Pressing-On

Jerymn,
It isn't quickly and erroneously anything. It is simply a news development and cause and effect.

Even Larry Kudlow (Economist) is saying the stock market plunge is a result of the Greek default, recent al-Quaeda threat AND the leaked reports leading up to Obama's speech. A $450 billion plan, 50% of the stimulus plan of 2009, which did NOT work. He is giving us the same plan on a smaller scale and that is what we knew he would do.

Aside from that and at the core of my angst with Obama is when he said that we needed a "living, breathing Constitution" that "changes with the times". He is actually recommending the very system the Colonists sought to escape from in England.
British constitution was very flexible. It was much to flexible for the Colonists. The Colonists were "inflexibly" committed to upholding their traditional rights. The "living, breathing" British constitution was no safequard of American liberties.

Hence, steps in the Tea Party, in this hour, and you should be glad for it.

[canam]

Originally Posted by Jermyn Davidson

???

My assertion is that yesterday's bad day on Wall St had little to do with the President's speech and everything to do with what's going in Europe.

I'm not wrong in my assertion.


You know where the "uncertainty" is with the President's plan is not what he said, but it's in his ability to get Congress to approve his plan-- a reflection of the partisan politics that immobilizes Washington when it should be working for the people.

If you don't want to believe me, take it up with Reuters.

http://www.reuters.com/article/2011/...7880QH20110909





Read what the Wall Street Journal has to say about the matter-- make sure you read the article and notice how many paragraphs are devoted to the European instability.

http://online.wsj.com/article/SB1000...NewsCollection



Again, some conservatives just want to criticize the President just because of who he is. Where are the conservatives who can realize that if this plan passes COngress, it would be AN EXCELLENT thing for people all across the country!

Why dont ya just come out and say it JD? were criticizing Ob just because he is half black iyo, weell, guess what? your SUPPORTING him just because he is half black period ! He has done zilch to deserve your support !! Again Name one thing JD, he has done for this country, or you, or your people, 16 percent unemployment JD !!!!!!! He cant even put his own people to work !!!!Talk about incompetence.

[TJJJ]

Originally Posted by canam

Why dont ya just come out and say it JD? were criticizing Ob just because he is half black iyo, weell, guess what? your SUPPORTING him just because he is half black period ! He has done zilch to deserve your support !! Again Name one thing JD, he has done for this country, or you, or your people, 16 percent unemployment JD !!!!!!! He cant even put his own people to work !!!!Talk about incompetence.

Whaaaaat?

Obama is half black?

Say what?

Nobody told me that!

Whaaaaaat?

Jermyn would support someone just cause the color of their skin?

Isn't that racism?

[TJJJ]

Tell you what.

Let's leave the color or lack of it out of this discussion and just settle for the facts.

Fact 1- Obama give speech telling America and the Market that he is going to put us another 500 Bill in the red.

Fact 2- Market drops over 300 points.

Fact 3- World markets drop citing this as one of the 3 factors in the drop.

Fact 4- The markets slapped down the POTUS for his wild and wacky ways!