Obama says US market is sound.
I don't think I even need to write anything else about this, but I am bored, so I will.
I think one thing that is going to piss me off with this administration is the fact that they can't tolerate bad press. Over the last couple of weeks the Obama administration has done nothing but tout our situation as the greatest financial crisis our generation has ever seen, and rightly so. After repeating that mantra about a thousand times Americans are beginning to realize that he and the Donkeys are using a Bush/Republican tactic of playing on the fears of Americans to pursue an agenda. Then, this weekend on Obama's glorified weekend vblog he says that the economy is sound despite the mess we are in. Who is he fooling?
Lets recap, our banking system has imploded, foreclosure rates jumped 30% in February, unemployment is up month to month (CA exceeding 10%), the Dow Industrials are down 40% from October 2008, and our #1 treasury holder (China) is doubting our ability to pay back our debt... The market is anything but sound.
On Meet the Press an Obama adviser Christina Romer said this, "The fundamentals are sound in the sense that the American workers are sound, we have a good capital stock, we have good technology." --Are you kidding me? All of these words and there is absolutely no meaning behind them. American workers are sound...ok I guess if you exclude all the unions, We have good capital stock.... I have no idea what she is refering to (cattle maybe, because its sure not our market capital), and we have good technology...compared to who, the East? ummm not really.
Last rhetorical question, if the market is sound why did the American taxpayers just cut about 3 trillion dollars worth of "Stimulus" and "Bailout" checks?
I don't think I even need to write anything else about this, but I am bored, so I will.
I think one thing that is going to piss me off with this administration is the fact that they can't tolerate bad press. Over the last couple of weeks the Obama administration has done nothing but tout our situation as the greatest financial crisis our generation has ever seen, and rightly so. After repeating that mantra about a thousand times Americans are beginning to realize that he and the Donkeys are using a Bush/Republican tactic of playing on the fears of Americans to pursue an agenda. Then, this weekend on Obama's glorified weekend vblog he says that the economy is sound despite the mess we are in. Who is he fooling?
Lets recap, our banking system has imploded, foreclosure rates jumped 30% in February, unemployment is up month to month (CA exceeding 10%), the Dow Industrials are down 40% from October 2008, and our #1 treasury holder (China) is doubting our ability to pay back our debt... The market is anything but sound.
On Meet the Press an Obama adviser Christina Romer said this, "The fundamentals are sound in the sense that the American workers are sound, we have a good capital stock, we have good technology." --Are you kidding me? All of these words and there is absolutely no meaning behind them. American workers are sound...ok I guess if you exclude all the unions, We have good capital stock.... I have no idea what she is refering to (cattle maybe, because its sure not our market capital), and we have good technology...compared to who, the East? ummm not really.
Last rhetorical question, if the market is sound why did the American taxpayers just cut about 3 trillion dollars worth of "Stimulus" and "Bailout" checks?
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