Where is the US economy headed?

@cicerone imposter,

cicerone imposter wrote:

georgeob, Give Obama time; he's now working on an economic crisis, and he's been in office for less than two months. A little patience will go a long way.

The Obama administration is also investigating other issues concerning fraud in the stock market transactions and individual investment houses. Mae, Mac, AIG, and all the banks are now being scrutinized more closely; and you should know this. Obama is trying to juggle hundreds of important issues at the same time. Give the guy a break!

Well, it is an observable fact that we have now met all our objectives in Iraq. In short we have won. Unfortunately the effort took much longer than anticipated and the cost and destruction associated with it was far greater than was planned or expected.

Unfortunately, a similar scenario may now be playing out with respect to our economic crisis. The new administration has spent a great deal of its political capital on the authorization lavish expenditures to pay off its various single issue constituent groups - and done so without yet materially addressing the liquidity crisis that is behind it all.

You weren't very patient with president Bush. Why should I be more patient with president Obama?

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@cicerone imposter,

cicerone imposter wrote:

georgeob, Give Obama time; he's now working on an economic crisis, and he's been in office for less than two months. A little patience will go a long way.

The Obama administration is also investigating other issues concerning fraud in the stock market transactions and individual investment houses. Mae, Mac, AIG, and all the banks are now being scrutinized more closely; and you should know this. Obama is trying to juggle hundreds of important issues at the same time. Give the guy a break!

Uh huh, yeah sure, I haven't noticed that Franklin Raines is being called up to testify lately, have you, ci? The same Franklin Raines that Maxine Waters said was doing a great job, the same Raines that made how many tens of millions, while the entire operation was going down the drain, due to bad management and bad policy, and corrupt accounting practices. I do not look for any Obama friends to suffer any ill consequences, no matter how corrupt.

1 Reply

@georgeob1,

georgeob1 wrote:

Don't you think that this might just be a little harsh and over the top, Cicerone ?

I don't think that this kid of venom adds much to the experience of A2K for anyone here. It certainly doesn't add any substance to the arguments you have put forward; nor does it refute anything okie has written. What's the point of it?

It makes him feel better about himself. Don't worry about it, George, I just give the worst posts of his a thumbs down so that I no longer am bothered with having to read the garbage anymore.

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@okie,

okie, Obama friends? You are out of your mind.

From the Washington Post:

Quote:

The Pinocchio Test

The McCain campaign is clearly exaggerating wildly in attempting to depict Franklin Raines as a close adviser to Obama on "housing and mortgage policy." If we are to believe Raines, he did have a couple of telephone conversations with someone in the Obama campaign. But that hardly makes him an adviser to the candidate himself -- and certainly not in the way depicted in the McCain video release.

okie, Your imagination always gets you into trouble, and yet, you keep doing the same crap over and over. You never learn.

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@cicerone imposter,

ci, I challenge you to discuss the issues instead of going off on your tirades of "out of your mind, xxxx brains, blah blah blah," and all of your mindless insults.

I think Franklin Raines was a friend, he was mentioned at one point as a person that Obama called for economic advice. Now, refute that if you can. And refute the fact that Raines took all that money while the operation was heading for disaster. Try it if you want. And refute that Maxine Waters, and others for that matter, is on record for saying Raines was doing a great job.

Incidentally, I heard something about Waters being involved in something shady, I need to checkt that out. Another issue, but every day, another Democrat is implicated in not paying taxes or some kind of kickback, policitical favor or something. Republicans have been caught, but you know what would be nice, when a Demcocrat is obviously a crook, they need to be thrown out, but they are hardly ever called to account, hardly ever.

Stick to the facts and the issues.

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@Advocate,

Advocate wrote:

The SEC had, and still has, quite a bit of power. Unfortunately Harvey (kinder and gentler SEC) and Chris (free market cures all) Cox refused to use their powers. Among many other failures, they refused to regulate derivatives, which are now an unbelievably huge potential liability for the banks.

Can you point to ANY initiatives the new administration has so far taken to address these issues?

1 Reply

@cicerone imposter,

Okay then imposter, when are the Fannie and Freddie people going to be called to account on this? When? I am waiting, and alot of other people are waiting. But I will not hold my breath.

Democrats protect democrats, right ci.

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@cicerone imposter,

Another comment, Obama has friends, until they are found out as crooks or half insane, then he hardly knew them, right? Don't mean to bring up old history, but the Rev. Wright was a personal mentor, and a guy he listened to for 20 years, but when details are brought up, Obama never had a clue what Wright was like, did he? Same with Ayers, he kicked off his campaign at his house, and he served on the same board with him, but he hardly had a clue what the guy was a about, that he tried to blow up the pentagon and kill people, but all of that was just a mere meaningless blip in the past. And Tony Rezko, he hardly knew the guy, right ci? And Blago, he supported him and all of that, but hey, he never had a clue this guy was trying to sell the senate seat to Obama, did he? Obama never knows anything, about anybody that gets into trouble, never.

1 Reply

@okie,

The only one insane around here is you. You continue to make statements that are easily repudiated.

You don't understand facts or evidence, and continue to use your own deranged imagination. Your posts are usually meaningless and stupid.

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The market oscillates between excessive optimism and excessive pessimism. of which The Efficient Market Hypothesis indicates fair value is expressed on average over time.

The latest positive / negative swings are nothing more than the usual expressions of volatility.

Contrary to popular beliefs, nobody has a crystal ball, not not even the Fed with their mistaken belief in preemptive action, which if anything exacerbates market volatility.

However that is not to say the Fed does not have its place, but certainly not as a preemptive mechanism against inflation.

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@cicerone imposter,

cicerone imposter wrote:

The only one insane around here is you. You continue to make statements that are easily repudiated.

You don't understand facts or evidence, and continue to use your own deranged imagination. Your posts are usually meaningless and stupid.

Unfortunately you haven't yet refuted any of them, though you do repudiate them all.

Calling other posters here "insane" , "stupid" , or 'deranged" does nothing at all to refute the arguments or points they make. Moreover it is neither enlightening nor entertaining to others here. Mostly it makes you look a bit foolish.

I don't agree with everything either you or okie write here. However, I usually stop short of casting unflattering or offensive labels or names at either of you. I know you to be a nice guy who is pleasant to be with - even though we don't always agree. Disagreement over the interpretation of public events is just that: it doesn't require either hostility or name-calling -- ever.

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"cicerone imposter & georgeob1 & okie"

It must be love Smile

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@cicerone imposter,

Speaking of the subject, "stupid," listening to Bob Brinker today, the financial talk guy. I have listened to him off and on, usually on Saturday, while puttering in the garage. He has always been pretty non-partisan, not necessarily siding with Democrats or Republicans, occasionally bashing both. Today, he pretty much called the current administration "stupid." That in regard to the energy policy. What this relates to is the administration's "apparent" belief that by promoting wind and solar, they can wean ourselves off of oil cartel oil in 10 years. This of course a promise by President Obama. I think Brinker has tabbed this pretty well, anybody that believes such a policy, to the exclusion of oil, coal, natural gas, and nuclear, is, yes, just "stupid."

This issue just one of many, with similar parallels. Do you wish to discuss stupidity any further, ci, or is Bob Brinker also a whacked out idiot without a brain?

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@georgeob1,

When okie continues to make statements that has no basis in fact but his own imagination, and he keeps doing it after all the challenges some of us have made, there can't be too much intelligence or foundation for the kind of support you seem to provide on his behalf.

I'm an old codger who has no patience for stupid people who continues to insult our intelligence with unfounded claims.

You are free to challenge my posts as you see fit. I will continue to challenge people who seem oblivious of facts and evidence that should be common knowledge to most people.

When okie makes statements such as he did that I challenged because he said "Obama's friend," I will challenge anybody who makes similar false statements. Some people do not know any better but believe posters like okie who continues to use more imagination than fact.

This is what okie said on another thread:

Quote:

Reagan had something called common sense, something Obama doesn't seem to have.

He's a f...kg idiot, and your defense of him doesn't nothing to mitigate his idiocy.

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I wouldn't say Okie is stupid I would say he has a tendency to perceive or interpret information marked by vague, incomplete, fragmented, multiple, probable, unstructured, uncertain, inconsistent, contrary, contradictory, or unclear meanings as actual or potential sources of psychological discomfort or threat. In easy to understand terms Okie is a Rush ditto-head.

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@cicerone imposter,

Quote:

He's a f...kg idiot, and your defense of him doesn't nothing to mitigate his idiocy.

That is debatable.....but he sure does get under your skin and drive you batty.

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@hawkeye10,

He's good at that. LOL gddm creep.

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@hawkeye10,

hawkeye10 wrote:

That is debatable.....but he sure does get under your skin and drive you batty.

That is something I can agree with. ci has become a bit humorous, actually, and his comments used to bother me, but not much anymore. The most repulsive, I give a thumbs down so that I don't have to read them more than once.

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@cicerone imposter,

cicerone imposter wrote:

This is what okie said on another thread:
Quote:
Reagan had something called common sense, something Obama doesn't seem to have.

He's a f...kg idiot, and your defense of him doesn't nothing to mitigate his idiocy.

Try this one example. Obama claims he can wean us off of the oil cartel in 10 years with wind and solar. Reagan would have never swallowed such a far fetched and uninformed idea. I say that is one good example, Reagan had common sense, Obama don't. I cited Bob Brinker, the financial guy, as calling such an idea stupid, and I agree.

I do not make statements without reasons to make them, ci.

1 Reply

@okie,

Did somebody actually say that they could wean us off oil in 10 years.

Sheesh!!

1 Reply

Where is the US economy headed?

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