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To: robnhood who wrote (149581)	3/2/2009 9:56:45 PM
From: koan	Respond to of 313147

>> As I watch CNBC, and float over some stock and Gold boards I see a decided sudden build up of blaming Obama for this mess. UFB. Not that I agree or disagree with what he is attempting, but holy smokes. He inherited the most screwed up mess imaginable.<< Yeah, I noticed that too. BS. The drop of 6.2% in last years GDP or the losses incurred by the auto companies, banks, wallstreet and AIG had nothing at all to do with Obama! And the stimulous, right or wrong, is the most accepted economic theory to stop a deflationary depression which we are in. It is the course most economists agree on. I won't debate it, but it is the theory taught at most university economic classes. ABC, Keynsian economics.

To: robnhood who wrote (149581)	3/2/2009 9:59:57 PM
From: Valuepro	1 Recommendation Read Replies (1) \| Respond to of 313147

Hood, "He inherited the most screwed up mess imaginable." But he's making it worse. Every time he announces some new plan, it is not well received by the markets. He's going in the wrong directions as Wall Street is telling us. Look, you can't stimulate the real estate market by repealing the mortgage interest deduction. You can't stimulate small business, the greatest employer in the land, by raising their income taxes. And you can't stimulate Wall Street by increasing social spending, and capital gains taxes. Beyond all of that, what's preventing us from going back to "mark to value" accounting? After all, it was "mark to market" that created the S&L crisis of the 80's, and it is "mark to market" accounting that is killing the banks now. There really is no larger direct cause to this crisis than mark to market, although banks and securities firms were certainly reckless (and their behavior might have generated the same result at some point anyway). BTW, there is a theory that this crisis is the unintended result of the Fed and Treasury colluding with big banks to short sell gold, oil, gas and a couple of other commodities to drive down energy prices last summer. According to the theory, this is what set off this crisis by causing hedge funds to sell anything and everything to meeting margin calls as commodities crashed. O.k., I've rambled enough.

To: robnhood who wrote (149581)	3/2/2009 10:32:12 PM
From: Boolish	Read Replies (1) \| Respond to of 313147

Your post triggered my lips to start singing some Bob Dylan...'Hurricane'..... Eerie mon! If they make Obama the fall man for their greed I will give up on humanity. "for something that he never donnnnnnnne"

To: robnhood who wrote (149581)	3/2/2009 10:42:03 PM
From: Fishfinder	Read Replies (1) \| Respond to of 313147

Obama should have invested a much much much much larger amount of money and incentive into re-inventing how America will power itself into the future. So far his initiatives have been very disappointing. Puttng trivial amounts of money into individuals pockets and bailing out mostly those who deserve it the least is an absolute waist of time. Everything should be going toward future power sources, Solar, geothermal, windpower etc etc and into electric cars and the infrastructure to make it all work. This is what would bring jobs and hope to the american people. The world has to make these changes and now would have been the time. He's blowing it. scot