The market is shorting Obama's stimulus

[Mac1337]

Could you come up with a more succint headline?

http://www.realclearmarkets.com/articles...bamas.html

[mattkime]

the main reason why the market hasn't responded to the stimulus is that the banks still need to be dealt with. but that doesn't fit the talking points.

[samintx]

Amen. THe market has rejected the first two parts of the Stimulus and only time will tell if they will reject the 3rd) the Banks.

You have to be blind or so rich it doesn't affect you not to see what is happening. Even if the market rises today 2000 pt and continues, you cannot pay catchup in the market. Unless you live as long as Methuselah.

[mattkime]

>>You have to be blind or so rich it doesn't affect you not to see what is happening.

so what would you tell a blind rich guy about whats going on?

[swampy]

They are also responding to all the doom and gloom coming out of the Democratic political machine. "The worst is yet to come", "This will take a lot of time", yadda yadda. Not exactly what the market wants to hear.

Yeah, great leadership being shown by Wonder Boy.

Has anybody else noticed that not one corporate businessman is on Obama's team? Nobody who has ever had to meet stockholder's expectations, or meet a payroll? I know all the liberals here will say all CEO's are crooks, but there has to be ONE out there who's not that could offer this administration sound business advise.

[rgG]

swampy wrote:

Has anybody else noticed that not one corporate businessman is on Obama's team? Nobody who has ever had to meet stockholder's expectations, or meet a payroll?

I believe Warren Buffett is a big supporter of and and adviser to the President.

Edit: Here's another one I just found:
Caterpillar chairman named to Obama's economic advisory team
http://www.galesburg.com/archive/x145224...isory-team

[(vikm)]

swampy wrote:
They are also responding to all the doom and gloom coming out of the Democratic political machine. "The worst is yet to come", "This will take a lot of time", yadda yadda. Not exactly what the market wants to hear.

Yeah, great leadership being shown by Wonder Boy.

Yeah, because being lied to is sooo much better. Fucking Bush and McCain... "The economy is sound". I guess when you constantly lie it eventually gets to be second nature. I suppose the people being lied to eventually get numb to it as well and may in fact develop a need for it.

No thanks. I'd prefer being told the way it is by the President regardless of who it is. I'm grown up enough to deal with it, though.

[$tevie]

Earlier on Friday, President Obama announced a team of outside economic advisers to help boost an economy in a virtual free-fall.
...
Mr. Obama has already tapped Volcker, a top Obama adviser, as the leader of the high-profile panel of advisers. Members will include former Securities and Exchange Commission Chairman William Donaldson, TIAA-CREF President-CEO Roger Ferguson and Harvard University professor Martin Feldstein, who wrote a Wall Street Journal op-ed piece last year titled "John McCain Has a Tax Plan To Create Jobs."
...
Obama friend and campaign finance chairwoman Penny Pritzker also is on the board, as are two labor officials - Anna Burger of Service Employees International Union and Richard Trumka of the AFL-CIO.

Also named to the 15-member board:
# John Doerr, Partner, Kleiner, Perkins, Caufield & Byers
# Mark T. Gallogly, Founder & Managing Partner, Centerbridge Partners L.P.
# Jeffrey R. Immelt, CEO, General Electric Co.
# Monica C. Lozano, Publisher & Chief Executive Officer, La Opinion
# Jim Owens, Chairman & CEO, Caterpillar Inc.
# Charles E. Phillips, Jr., President, Oracle Corporation
# David F. Swensen, CIO, Yale University
# Laura D'Andrea Tyson, Dean, Haas School of Business at the University of California at Berkeley
# Robert Wolf, Chairman & CEO, UBS Group Americas
#

# http://www.cbsnews.com/stories/2009/02/0...9506.shtml

[RgrF]

swampy wrote:
They are also responding to all the doom and gloom coming out of the Democratic political machine. "The worst is yet to come", "This will take a lot of time", yadda yadda. Not exactly what the market wants to hear.

Yeah, great leadership being shown by Wonder Boy.

Has anybody else noticed that not one corporate businessman is on Obama's team? Nobody who has ever had to meet stockholder's expectations, or meet a payroll? I know all the liberals here will say all CEO's are crooks, but there has to be ONE out there who's not that could offer this administration sound business advise.

Warren Buffet doesn't count if swampy's doing the counting.

[OWC Jamie]

the ' independent think tank' was put together weeks ago. http://www.whitehouse.gov/blog_post/beyo...o_chamber/


it's a cute headline


I even agree with the author's vague contention that the economy 'healed itself' after WWII.

This economy was giving warning signs of collapsing two years ago. It isn't going to reinflate overnight. Hope and change rhetoric aren't gonna do it either.

I hope very few of us will be feeding our families and neighbors by using one pound of hamburger and stuffing it with every ground up leftover in the fridge that can be used to stretch it, tonite. Depression meatloaf - I still have my grandmother's recipes. (the ones where she didn't dare tell anyone what was in things.)