Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: manalagi who wrote (79007)	7/1/2010 4:57:19 PM
From: tejek	Read Replies (1) \| Respond to of 149317

Any guy who starts out by saying that the Obama administration is the worst in his lifetime and that lifetime includes GW Bush, you know he has an agenda. Having said that, the economy is a mess but its not because Obama has passed health care.......the majority of which hasn't even been implemented yet. Its because Bush left the economy in shambles as he was going out the door. There's been a belief for some time that the Rs intentionally lost the election in 2008 by putting up two idiots with the intent of coming back in starting in 2010 and then in 2012. Its seems their strategy is playing out perfectly. Actually, the economy is still weak but its not as weak as it was when Bush was leaving. Things are sorting themselves out albeit very slowly.

To: manalagi who wrote (79007)	7/1/2010 5:02:19 PM
From: tejek	Respond to of 149317

Auto sales rise across the board but still disappoint Big Three, Germans and Koreans all up; Japanese lag a bit By William Spain, MarketWatch NEW YORK (MarketWatch) -- Sales of new cars continued rebounding off their depths of 2009 with the Big Three U.S. auto makers on Thursday all posting hefty sales increases for June, even as they unexpectedly slipped sequentially from May. The upscale European marques also rose for the month, with Daimler AG, BMW and Porsche reporting gains. Korean car makers Hyundai and Kia also saw sales rise. While also up, Japanese car companies were lagging the pack with Toyota and Honda recording single-digit increases year-over-year. Toyota's passenger car sales declined. "It was disappointing," said Jesse Toprak, vice president of industry trends for TrueCar.com. "June is typically a great month." He chalked up the sequential downturn to consumer nervousness sparked largely by "volatility in the financial markets and uncertainty around macroeconomic conditions," not that the performance of the Dow Jones Industrial Average is one of the most closely correlated indicators of new car sales. "And the stock market's performance in June did not help," Toprak said. According to Autodata, U.S. auto sales fell about 4.7% sequentially to a seasonally adjusted annual rate of 11.08 million in June from 11.63 million in May - the lowest rate since February. Economists had expected sales to fall to an annual rate of 11.3 million. General Motors reported a 10.7% increase in total vehicle sales for June, with the No. 1 U.S. car maker's four key brands surging 36% in terms of combined units. Marking the sixth straight month in which it has tallied sales increases, Detroit-based GM said its four brands -- Chevrolet, Buick, GMC and Cadillac -- moved 194,828 units in the United States. Sea of red in stocksAfter a brutal second quarter, stocks started the third on a dismal note as weak U.S. manufacturing and employment data kick key indexes down even further, ahead of the keenly awaited nonfarm-payrolls report on Friday. For the year, the company has sold slightly fewer than 1.7 million vehicles, up 32% over the same period in 2009. Total sales for the latest month rose to 195,380 vehicles from 176,571 as discontinued brands like Hummer and Pontiac slumped. Among the hottest categories were full-size pickups, up 27% for the month, and crossovers, some of which climbed by triple-digit percentage rates. Large pickup truck sales held the key to June's sales increase, the company said. "As companies continue to invest in their businesses, we expect this segment to continue to recover," said Don Johnson, GM's vice president of U.S. sales operations, in the sales report. "We think the release of some pent-up demand in the pickup market is an indication that a fundamental part of the U.S. economy is gradually strengthening." At Ford Motor Co. /quotes/comstock/13*!f/quotes/nls/f (F 10.57, +0.49, +4.86%) , total sales came in at 175,895, an increase of 13.3% with its Ford and Mercury marques offsetting declines at Lincoln and Volvo. Excluding Volvo, the company said sales would have risen 15.4%. The company said that its new 2011 F-Series Super Duty and Mustang models are off to good starts, with rises of 58% and 37%, respectively. read more........... marketwatch.com

To: manalagi who wrote (79007)	7/1/2010 7:05:49 PM
From: tejek	Respond to of 149317

GE backs away from reported Immelt criticism of Obama Company says Immelt was misquoted in story as blasting President Obama and China. By CNNMoney.com staff CNNMONEY.COM — 4:33 PM ET 07/01/10 General Electric backed away Thursday from comments reportedly made by its CEO critical of President Obama and China. The company said Jeffrey Immelt's remarks to Italian executives in Rome were taken out of context and didn't reflect GE policy. The company responded to an article in the Financial Times in which Immelt is said to have told the audience that Obama doesn't like business and business doesn't like Obama. "People are in a really bad mood (in the U.S.)," the paper quoted Immelt as saying. "We (the U.S.) are a pathetic exporter ... we have to become an industrial powerhouse again but you don't do this when government and entrepreneurs are not in synch." Immelt also said China is becoming increasingly protectionist and doesn't want any non-Chinese businesses "to win," according to the newspaper. "The comments attributed to GE CEO Jeff Immelt by the FT were taken out of context and, in some instances, inaccurately reported," GE spokeswoman Anne Eisele said in a statement. "Mr. Immelt's comments at a private dinner focused on the relationship between business and government in general and did not single out President Obama." Eisele also said the "reporting of Jeff's comments don't reflect GE policy." A Financial Times spokeswoman said "we stand by the accuracy of the report." news.fidelity.com

To: manalagi who wrote (79007)	7/1/2010 8:37:53 PM
From: ChinuSFO	Read Replies (1) \| Respond to of 149317

This is another of those guys who have no solutions to what needs to be done. He just attacks Obama, uses the familiar right wing phrases like "reading from a teleprompter". Look at the way he contradicts himself: to begin with he says that the govt. is getting too involved and indulging in increasing control and then he says that the small businesses are broke and the banks are not lending. So the fallacy is, if the govt. removes itself, if the govt does not provide the CPR by printing money then who is going to help these businesses and the community banks. These folks cared not very much when the economy was on a down trend beginning 2005. Notice how none of these folks are not talking about the continuing war expense which is filling the pockets of just a few folks. Notice how they are not talking about giving the tax breaks to the rich while at the same time spending on the war. I hope Obama comes out during the campaign to point out how bankrupt the nation was. Bush Sr. left a economic void when he got voted out leading Clinton to get into deficit financing the first 3 to 4 years after which time the economy boomed and when he left office he left a surplus. But the fact is that he had to spend initially. Obama finds himself in a similar situation as Clinton. The only difference is that on assuming office he discovered that his predecessor left him in a deeper hole than Clinton. And by the way a OT, when is BIDU hitting 100 in your guess. On the 20th you think.