Today in the economy

[Kirkland Laing]

There's no point posting the day-to-day stuff. Everything is fucked and getting worse. The forecast is shitty with increased risk of shitty.





It's all Obama's fault.

[killersheep]

There's no point posting the day-to-day stuff. Everything is fucked and getting worse. The forecast is shitty with increased risk of shitty.





It's all Obama's fault.

It's my thread and I can do what I want

[El Kabong]

There's no point posting the day-to-day stuff. Everything is fucked and getting worse. The forecast is shitty with increased risk of shitty.





It's all Obama's fault.

....that's about the jist of what Warren Buffet said

[killersheep]

There's no point posting the day-to-day stuff. Everything is fucked and getting worse. The forecast is shitty with increased risk of shitty.





It's all Obama's fault.

....that's about the jist of what Warren Buffet said

"Buffett said the nation’s leaders need to emphasize a consistent message, and they should support President Barack Obama’s efforts to repair the economy"

Warren Buffett sees more jobs lost, backs President Obama - BostonHerald.com

[CGM]

There's no point posting the day-to-day stuff. Everything is fucked and getting worse. The forecast is shitty with increased risk of shitty.





It's all Obama's fault.

....that's about the jist of what Warren Buffet said

Oh? Warren Buffett thinks it's Obama's fault? Or maybe he thinks Obama is going about things all wrong? Do you have any links or quotes or anything to support that?

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Buffett said the nation’s leaders need to emphasize a consistent message, and they should support President Barack Obama’s efforts to repair the economy.

Warren Buffett sees more jobs lost, backs President Obama - BostonHerald.com

[Kirkland Laing]

There's no point posting the day-to-day stuff. Everything is fucked and getting worse. The forecast is shitty with increased risk of shitty.





It's all Obama's fault.

....that's about the jist of what Warren Buffet said

The facts and the evidence appear to indicate the opposite. I'd ask you to provide evidence for your claim but we both know I'd be wasting pixels.

You don't think over half a million jobs lost every month, huge falls in production, global trade halving, huge and increasing losses by the banking system, the freezing of 40% of the world's credit, etc. etc. are having any effect on the stock market?

[Kirkland Laing]

[El Kabong]

Oh you're always sooo right Kirkland and that's why a larger Capital Gains Tax, Cap and Trade regulations, and taking away the secret ballot for unionization will really help our economy....those are the points of contention that Buffet has and I am sure he has those for a good reason.


No one is saying anything bad about Obama (because they have seen what happens to guys like Santelli and Cramer, Barry sicks his thugs on them) only about his policies which are bad for the economy....sorry to tell you but Buffet a HUGE Democrat said Bush and Paulson did the correct things.

[Kirkland Laing]

Oh you're always sooo right Kirkland and that's why a larger Capital Gains Tax, Cap and Trade regulations, and taking away the secret ballot for unionization will really help our economy....those are the points of contention that Buffet has and I am sure he has those for a good reason.


No one is saying anything bad about Obama (because they have seen what happens to guys like Santelli and Cramer, Barry sicks his thugs on them) only about his policies which are bad for the economy....sorry to tell you but Buffet a HUGE Democrat said Bush and Paulson did the correct things.

It's amazing how much wrongness you manage to pack into a few sentences.

Higher capital gains to 1990s levels will have as much effect on the economy as they did in the 1990s, a period when America saw its fastest economic growth for decades, balanced its budget, didn't suffer a financial meltdown and consequent depression, etc. etc.

Cap and trade and greater unionisation will both help the US economy greatly. They won't help corporate profits but seeing how corporations have just made Americans their indentured servants for the next couple of decades I don't think there'll be too many tears shed for them by Americans except for the clueless ones who listen to talk radio and are told that lower capital gains taxes for centimillionaires and billionaires will help the economy (against all the evidence of the last twenty years).

Nobody set any "thugs" on CNBC. All that happened was that a bunch of comedians took the piss out of them. You can watch the second and third parts of the pisstake here :

Jon Stewart Rips Into Jim Cramer Again (VIDEO)

Jon Stewart Slams Jim Cramer, Whole NBC Family (VIDEO)

The only Obama policies that are bad for the economy are the ones where he's carrying on Bush administration policies, like with the financial crisis. Everything else is a good policy. I didn't hear you complain when Bush was bailing out the financial system with ten trillion.

And Buffett isn't a Democrat. He's an independent.

Everything is fucked Lyle as you'll eventually realise. And you're going to spend most of your working life paying tribute to the government to pay the debts run up by slightly more legit versions of Bernie Madoff. But none of this is Obama's fault. He's making mistakes which will cost you more in the long run but the hole we're in wasn't created by him, it was created by the GOP over the last eight years.

The markets will continue to reflect the current situation, which is that the debts are so great that there isn't a political solution to the crisis, or even if there was it isn't affordable, or maybe there just isn't a solution. That's where we are right now.

[El Kabong]

Kirkland in the 1990's the economy was on the rise and not on the decline.....do we not need people to invest in these companies that are having troubles? Not all of them deserve their low prices.....I may just sink a couple hundred bucks in GE right damn now

We need to be rid of the Capital Gains tax all together.

Sure John Stewart can rip on Jim Cramer because EVERYONE knew the debt ratio of Bear Sterns and it was common knowledge that a business that was at the top of their field since 1923 was going to fold. John Stewart and Stephen Colbert are pretentious assholes who really don't mock news anymore they are news...Chris Matthews and Keith Olberman aren't far off from Stewart just a 100% in the bag for Obama pundit who doesn't care about anything other than riding that wave of fan approval.

Are you sure it's just a coincidence that anyone who says anything negative about Obama is just attacked from all sides

1. Rush, sure he's the opposition but he's not an elected official and doesn't represent any vote against Obama. Neither W nor his people ever attacked Chris Matthews or that fucking prick Keith Olberman.

2. Rick Santelli, he's just a trader or a trader and a guy who is on tv he's irrelevant to Obama but he must have touched a nerve to get called out BY NAME by Robert Gibb who questioned what type of house Santelli has.....WHAT THE FUCK?!?!?! What type of House does Obama have and how much did he end up paying for it, I can bet you neither you nor I could get such a sweetheart of a deal.

3. Jim Cramer...ok so Cramer said for people to buy Bear Sterns, worse things have happened.

John Stewart has said and done some stupid shit before too I am sure, yet he figured he was fully qualified to bitch about Republicans or those people who simply disagree with Obama.

It's amazing that the same fucking people who have the "Dissention is the highest form of Patriotism" bumper stickers and the people toting the water for Mr. Obama.