Oh, put a sock in your piehole, willya? Or are YOU our self-appointed savior? NM
Posted By: HomeAlone on 2009-03-26
In Reply to: Amen, Truthseeker - Johnny-Come-Lately thinks he's our saviour
NM
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Advice for Obama --- Put a Sock In It (sm)
I'd go for a little hope right now myself from Obama. But we don't seem to be getting it from him, do we.
FOX News Blogs » FOX Forum » Liz Peek
Liz Peek
January 8th, 2009 11:55 AM Eastern
Advice for Obama: Put a Sock In It
You can thank our incoming president for extinguishing the faint glimmers of optimism that had driven markets higher in recent sessions. Did you happen to notice yesterday’s market sell-off?
The media blamed Wednesday’s market setback on gloomy job loss projections and downbeat profit warnings from Time Warner, Alcoa and Intel. I disagree.
I think investors were put off by Obama’s warnings of “trillion-dollar deficits for years to come” -– an unwelcome reality check from our cheerleader-in-chief
I think investors were put off by Obama’s warnings of “trillion-dollar deficits for years to come” -– an unwelcome reality check from our cheerleader-in-chief who is laying the groundwork for massive spending programs and ultimately for an A+ report card for his administration.
For weeks companies around the globe have had to reduce investor expectations. Any management that has not fessed up to just how ghastly business prospects are has simply been putting off the inevitable –- or else out of touch with field operations. (Beware of those long lines of reporting!) That a Time Warner or Alcoa should be seeing a drop in revenues cannot possibly be construed as a surprise. We’re in a recession for heaven’s sake!
The market came to grips with this reality a couple of months ago. Indeed, more recently such announcements have not jarred investor sensibilities a whit. In other words, bad economic news is not news at all.
There is an irrational but tangible feeling in the air that Obama can deliver miracles… It is singularly deflating, then, when Obama talks trash about the economy.
What is different is the ominous message from our president-elect. The country is ready for a change in tone, for a message of –- dare I say it –- hope. Everyone, including those who didn’t vote for the man, is hoping that Mr. Obama can bring peace and prosperity to this country. There is an irrational but tangible feeling in the air that Obama can deliver miracles, that he is uncorrupted, that he is smart and has solutions to the nation’s ills in his pocket.
It is singularly deflating, then, when Obama talks trash about the economy. His purpose, I imagine, is two-fold: First, he needs to get Americans on board with a gigantic spending program that he feels is necessary to put people to work and breathe some life into the economy. Second, if he prepares people to expect truly dreadful times ahead, anything less horrendous will be added to the plus side of the Obama ledger. Just like corporate managements, Mr. Obama can only win by outperforming expectations.
The problem is that the economy and the markets are fragile beyond imagining right now. We don’t need a dose of gloom and doom. We need a Ronald Reagan–type “morning in America” optimism. Consumer sentiment is in the basement-– is that a leading or lagging indicator? We need people who have money to go out and spend it –- they need to feel confident to do so. We need bankers to approve loans, and companies to invest in new plant and equipment.
None of these things will happen if everyone is focused on how dreadful the next few years will be.
My advice, Mr. Obama, is this: stop scaring Americans to death by telling them how bad things will be if your programs are not enacted. Henry Paulson adopted that approach to the point that every time he came on television the market cratered. With a Congress firmly in the hands of your political compatriots, you will get your stimulus package passed. If Americans see enough tough oversight put in place, they will be supportive, especially if the investments appear to generate jobs. Americans are smart –- they know we’re in trouble and that the times call for unusual measures.
But, they need you to lead, and to be positive. Do not spend the enthusiasm of the electorate with scare-tactics. We need, after all, that ridiculous message of hope that got you elected.
http://foxforum.blogs.foxnews.com/2009/01/08/peek_obama_market/
PLEASE take Jesus Christ as your Savior >>>
Take him the hell out of everyones politics, you narrow-minded ignoramus.
And who appointed you the "Posting Police?" sm
Everybody is entitled to an opinion just as you are. You should be able to get a pretty good idea of what the posts will say from the subject line. If you are so thin-skinned that you have to take offense at somebody elses posting, then either leave the board and go elsewhere or just don't open the thread. Easy as that.
I took it as Peggy wants a handout and Obama is her savior..nm
//
Yeah, he should have appointed Harriet Myers! nm
x
Joe the sham elevated to party's new savior? Yessireebob.
Have you seen today's electoral map out of Princton? This link's for you:
http://election.princeton.edu/electoral-college-map/
McCain cannot bring himself to simply utter the phrase "middle class." Now the rabbit has ben pulled out of the hat. Joe the unlicensed is party's last best hope to swoop in and capture that blue collar vote? Do you not see the folly in this logic?
Rant to your heart's content about Obama's middle class tax cut and programs for small business. When all else fails (when trying to invent policies for your candidate that are nonexistent), resort to misinformation and flood the airways and web till the cows come home. Run the clock down with these distractions away from the McCain policy deficit and see how well that works for you on Nov 4.
didnt say bush appointed him. said paulson did. besides that post wasnt for you n e way.
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