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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (60535)3/4/2009 8:00:59 PM
From: tonto3 Recommendations  Respond to of 224705
 
Kenneth, instead of paying attention to the crisis as he should have, Obama was wasting time choosing tax evaders who should never have been considered in the first place

Instead of creating less confidence he should have been better prepared. As I noted during his campaign, his slogans were empty.



To: Kenneth E. Phillipps who wrote (60535)3/4/2009 10:41:13 PM
From: Hope Praytochange3 Recommendations  Respond to of 224705
 
Jeff Macke said on CNBC's "Fast Money" TV show that the Obamba administration has been surprisingly weak on differentiating between the crooks and the "folks who got caught in the whirlwind." Dylan Ratigan, the moderator of the show, asked Karen Finerman to respond to Obamba's comments on the stock market today. She said the president's general comments on trading made her nervous because she doesn't believe it's the president's job to cheer the markets.

Ratigan said the new administration has made stock valuation difficult with all the bailout money it is tossing around. Asked to put a valuation on the market, Finerman said she couldn't because there was no way for her to figure out an earnings model or even a correct multiple.



To: Kenneth E. Phillipps who wrote (60535)3/4/2009 10:42:49 PM
From: Hope Praytochange3 Recommendations  Read Replies (1) | Respond to of 224705
 
Ratigan brought in Daniel Clifton, head of policy research for Strategas Research, to talk about the impact of Obamba's huge agenda on the market.

Clifton provided a gloomy assessment, warning there will be a $2 trillion shortfall in Obamba's proposed $4 trillion spending plan that will have to made up with higher taxes and new taxes. "We talking about a deficit of 13.5% of GDP. We've never seen anything like this in our lifetime," he said.