media comments on Faux "Office of the Pres Elect"

[alienlovechild 75]

I see. Obama is so incompetent that he doesn't even need to be the President yet to ruin the markets. There can be absolutely no other explanation as to why the markets are going down...not even the FREAKING ECONOMY IS IN THE TANK. That would just be crazy talk.

Luckily we can't blame the Democratic-controlled Congress with notables such as Dodd, Clinton, Obama and Frank for collectively killing the housing market in the last two years. Just a coincidence though.

Can any of point to a single thing that Obama said he'd do that gives anyone a reason to have confidence in his ability to manage the economy?

P.S.- Blaming Bush isn't a real economic policy for the future so let's hear all the original ideas that Obama has offered on the economy. . .

[Trumplestiltskin 5,791]

I see. Obama is so incompetent that he doesn't even need to be the President yet to ruin the markets. There can be absolutely no other explanation as to why the markets are going down...not even the FREAKING ECONOMY IS IN THE TANK. That would just be crazy talk.

Luckily we can't blame the Democratic-controlled Congress with notables such as Dodd, Clinton, Obama and Frank for collectively killing the housing market in the last two years. Just a coincidence though.

Can any of point to a single thing that Obama said he'd do that gives anyone a reason to have confidence in his ability to manage the economy?

P.S.- Blaming Bush isn't a real economic policy for the future so let's hear all the original ideas that Obama has offered on the economy. . .

Did I read that correctly? You're asking people to provide innuendo in order to validate that statement you made on the other page?

How's about you prove first that the current market fluctuations are significantly attributable to Barack Obama's performance?

Its a rhetorical question of course - you can't do it.

[HAL 9000 96]

Given that the economy has been in a Recession since December 2007, it is indeed hard to pin the problem on a Congressional change that took place in 2006. Making blaming a president-elect at fault for current market woes even more laughable.

[mox 298]

I see. Obama is so incompetent that he doesn't even need to be the President yet to ruin the markets. There can be absolutely no other explanation as to why the markets are going down...not even the FREAKING ECONOMY IS IN THE TANK. That would just be crazy talk.

Luckily we can't blame the Democratic-controlled Congress with notables such as Dodd, Clinton, Obama and Frank for collectively killing the housing market in the last two years. Just a coincidence though.

Can any of point to a single thing that Obama said he'd do that gives anyone a reason to have confidence in his ability to manage the economy?

P.S.- Blaming Bush isn't a real economic policy for the future so let's hear all the original ideas that Obama has offered on the economy. . .

Ok now I'm really confused. First it was Obama's fault. Now it's the Democrats fault. And it's totally not Bush's fault because we're not allowed to think in the past, only the future. Wait wut?

Psst: Obama has talked in generalities because (as he has said multiple times) we already have a President right now and he's not about to step on the current President's toes. Cuz see, the current President sorta should be doing stuff to fix the current economic problems, being that he's the President and all.

[Chica Yeyé 41]

Mox -- it is YOUR fault. Admit it dude.

[mox 298]

Mox -- it is YOUR fault. Admit it dude.

That's right, and I'm going to continue making the economy collapse unless the government pays my ransom of one MEELION dollars!!

[one...two...tree 2,762]

The irony is Bush was supposed to be such a fool and surrounded by crooks but so far Obama stuck with the Bush playbook and selected some Bush personnel and Clinton retreads. There may be hope but not much change. While it might not be fair to judge Obama before he's taken office, the markets have spoken and its a big no confidence vote in Obamaism- so far.

What kind of a dodgy interpretation is that then? Oh, it's Alien, my expectations of fuzzy logic have not been disappointed.

Kaydee belongs to an elite group here on VJ - the 'Old Man Yells At Cloud' group. It's a select group and so far there's only a handful of them here...but they sure do like to make themselves be heard.

[Chica Yeyé 41]

Mox -- it is YOUR fault. Admit it dude.

That's right, and I'm going to continue making the economy collapse unless the government pays my ransom of one MEELION dollars!!

mwahahahaha

[alienlovechild 75]

Did I read that correctly? You're asking people to provide innuendo in order to validate that statement you made on the other page?

How's about you prove first that the current market fluctuations are significantly attributable to Barack Obama's performance?

Its a rhetorical question of course - you can't do it.

Obama may not be president yet but he has been more involved during the transition phase so he should get some credit or blame for that.

"Presidential historians and political analysts say they cannot recall a time in the past 75 years when a president-elect has had so large a role as Obama, whose growing transition team often appears more prominent than the actual team in power."

"No president-elect has held so many briefings during a transition. The last three presidents-elect held that many -- combined."

Here's one for you. The markets are soaring after Obama's appointments- thought it didn't matter and is the stock market really doing that well now?

"He later relented on that promise, and markets soared when Obama announced the appointment of an experienced team of economic advisers -- including President of the Federal Reserve Bank of New York Timothy Geithner and former Secretary of the Treasury Lawrence Summers -- whose presence ensured continuity and reassured markets."

http://www.foxnews.com/politics/2008/12/01...icas-president/

Ok, I'll give you some answers since I won't be getting much from this crowd.

"So what has Obama done to restore hope to investors?

•He's made the economy priority No. 1. Obama has said, "Help is on the way." Wall Street believes him. "He's willing to spend whatever it takes to solve the problem," Adams says.

•He's chosen a first-rate economic team. Obama is surrounding himself with experienced and well-respected economists and bankers to help find innovative ways to restore economic vitality. Wall Street has applauded his pick for Treasury secretary, Timothy Geithner, now head of the New York Federal Reserve. Naming former Treasury secretary Larry Summers to head his National Economic Council and ex-Fed chief Paul Volcker to head a panel created to spur job growth and boost business adds to his credibility.

•He's moved quickly to fix things. Obama says he will have an economic plan ready the day he takes power. "The key is he said they wouldn't be crafting policy when he takes office but signing (it) into law," says Robert Barbera, chief economist at ITG."

http://www.usatoday.com/money/markets/2008...t-economy_N.htm

Given that the economy has been in a Recession since December 2007, it is indeed hard to pin the problem on a Congressional change that took place in 2006. Making blaming a president-elect at fault for current market woes even more laughable.

2006 comes before 2007 there genius.

Ok now I'm really confused. First it was Obama's fault. Now it's the Democrats fault. And it's totally not Bush's fault because we're not allowed to think in the past, only the future. Wait wut?

Obama is a Democrat so there's no contradiction in giving him a share of the blame on housing.

Psst: Obama has talked in generalities because (as he has said multiple times) we already have a President right now and he's not about to step on the current President's toes. Cuz see, the current President sorta should be doing stuff to fix the current economic problems, being that he's the President and all.

Doesn't square with reality as in the sources I gave above. Obama's already being far more active than previous president-elects but to what effect?

Edited December 2, 2008 by alienlovechild

[one...two...tree 2,762]

"Presidential historians and political analysts say they cannot recall a time in the past 75 years when a president-elect has had so large a role as Obama, whose growing transition team often appears more prominent than the actual team in power."

"No president-elect has held so many briefings during a transition. The last three presidents-elect held that many -- combined."

...and no other president-elect had to come in after 8 years of Dubbya and his cronies.

[HAL 9000 96]

Did I read that correctly? You're asking people to provide innuendo in order to validate that statement you made on the other page?

How's about you prove first that the current market fluctuations are significantly attributable to Barack Obama's performance?

Its a rhetorical question of course - you can't do it.

Obama may not be president yet but he has been more involved during the transition phase so he should get some credit or blame for that.

"Presidential historians and political analysts say they cannot recall a time in the past 75 years when a president-elect has had so large a role as Obama, whose growing transition team often appears more prominent than the actual team in power."

"No president-elect has held so many briefings during a transition. The last three presidents-elect held that many -- combined."

Here's one for you. The markets are soaring after Obama's appointments- thought it didn't matter and is the stock market really doing that well now?

"He later relented on that promise, and markets soared when Obama announced the appointment of an experienced team of economic advisers -- including President of the Federal Reserve Bank of New York Timothy Geithner and former Secretary of the Treasury Lawrence Summers -- whose presence ensured continuity and reassured markets."

http://www.foxnews.com/politics/2008/12/01...icas-president/

Ok, I'll give you some answers since I won't be getting much from this crowd.

"So what has Obama done to restore hope to investors?

•He's made the economy priority No. 1. Obama has said, "Help is on the way." Wall Street believes him. "He's willing to spend whatever it takes to solve the problem," Adams says.

•He's chosen a first-rate economic team. Obama is surrounding himself with experienced and well-respected economists and bankers to help find innovative ways to restore economic vitality. Wall Street has applauded his pick for Treasury secretary, Timothy Geithner, now head of the New York Federal Reserve. Naming former Treasury secretary Larry Summers to head his National Economic Council and ex-Fed chief Paul Volcker to head a panel created to spur job growth and boost business adds to his credibility.

•He's moved quickly to fix things. Obama says he will have an economic plan ready the day he takes power. "The key is he said they wouldn't be crafting policy when he takes office but signing (it) into law," says Robert Barbera, chief economist at ITG."

http://www.usatoday.com/money/markets/2008...t-economy_N.htm

Given that the economy has been in a Recession since December 2007, it is indeed hard to pin the problem on a Congressional change that took place in 2006. Making blaming a president-elect at fault for current market woes even more laughable.

2006 comes before 2007 there genius.

Ok now I'm really confused. First it was Obama's fault. Now it's the Democrats fault. And it's totally not Bush's fault because we're not allowed to think in the past, only the future. Wait wut?

Obama is a Democrat so there's no contradiction in giving him a share of the blame on housing.

Psst: Obama has talked in generalities because (as he has said multiple times) we already have a President right now and he's not about to step on the current President's toes. Cuz see, the current President sorta should be doing stuff to fix the current economic problems, being that he's the President and all.

Doesn't square with reality as in the sources I gave above. Obama's already being far more active than previous president-elects but to what effect?

... wait...

He's more involved and yet he doesn't say what his plans are... hmmm...

hmmmm...

[mox 298]

alien, what exactly is your point? That Obama has been an ineffectual President ever since he didn't take office? Huh. Those Democrats man, they just can't seem to do anything right.

[Chica Yeyé 41]

This thread is ripe for kitties....

[Peikko 1,575]

No one has yet managed to unravel the mysteries of why the markets rise and fall so to suggest that you, Kaydee have found the magic formula is, well, laughable.

While it is true that certain actions by government influence the 'mood' of investors for better or worse the 'confidence' factor is ephemeral. So, while the announcement of certain 'good news' like the members of the Obama cabinet may cause temporary rises, as long as the economy is on recession, these will continue to be temporary rises. When Obama gets into office, then he can and will be judged on his actual performance. Until then, I am sure we can all expect a bumpy stock market ride.

[Trumplestiltskin 5,791]

Alien - that the markets went up on the announcements about obama's cabinet and went wild after is indicative only that the stock market is mostly reactive to short term, immediate priorities.