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

To: ChinuSFO who wrote (96269)	7/8/2011 12:23:25 PM
From: tejek	Read Replies (2) \| Respond to of 149317

I am listening to this moron on CNBC as I am writing to you. This lackey of the rich is saying that the Govt. needs to stand down so that the private sector can stand up. My question is that didn't Bush stand down for 8 years? And when he did so, what did the private sector do? Took all the jobs overseas, laid off American workers by the millions and caused the biggest collapse of the US economy. So I do not understand why these folks continue to mouth off these arguments that have been proven to be a failure. We need to look at the Clinton boom to understand what is it he did to cause the boom. And based on that we need to recalibrate ourselves. People who worship at the idol of almighty capitalism don't have a clue They are like cigarette smokers.......they are so addicted to their ideological POV they don't see that it might be hurting them. American companies are no longer American....they are global.....even if they are headquartered here. They are growing jobs where they think it will most benefit them......and that tends not to be the US. As for the jobs report this AM, frankly, I think something is wrong with the numbers. They don't reflect other data that came out this week. And so far, the markets don't seem to be buying it either......despite being seriously overbought, the Dow is down only 120 points. That may change before the close but so far today its has remained in a trading range. With a bad report, I was expecting a loss of over 200 pts. My biggest worry is that this data point will push Obama into a bad deal with Rs. I hope he is smart enough to stay strong with the Rs.