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User Info Obama's Revisionism and ABC's Stupidity in forum [Ticker]
Genesis
Posts: 66463
Incept: 2007-06-26
A True American Patriot!
Royal Flush!
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http://market-ticker.org/archives/867-Ob....

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I used to play flute; I wonder if I can play a fife?
I incite prosecutors to create "Bubba Sausage Parking Lot" projects
Darrell Issa has a middle finger and knows how to use it - Me
2009-03-13 12:53:36
Reza30
Posts: 214
Incept: 2009-02-15
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Karl,

This is a response to your current and last ticker about "what's this market about."

The bounce was clearly expected due to technical levels, and you called it just right. The bounce is also largely due to the belief that so much money is being thrown at the system that the banks will finally start lending. The problem is that many workers are losing their jobs; watching their salaries and benefits being cut, or their retirements disappear. As such, the borrower is not willing or unable to borrow, so it does not matter how much money is handed out to the banks.

This explains my thought.



2009-03-13 13:02:55
Dashingdwl
Posts: 4040
Incept: 2007-06-26

los angeles
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Gen, neither Gibbs nor the media (nor the public) understands any of this: tarp, talf, siv, on/off balance sheet... Their eyes just glaze over...

They cannot call out anyone, much less someone from Obama's dream team.

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Think Green Tip.
2009-03-13 13:03:47
Kylafoon
Posts: 458
Incept: 2009-02-05

Zombie Portal Lookout
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Clearly more evidence that we are being ****ed on and told it's raining.
I believe I am beginning to feel what it's like to be a communist...
The MSM has been fully complicit with the Obama regime.
What makes one think that they are capable of truth and facts... :p

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"Yes, Mr. President, you are correct. The US Constitution is no longer valid. Feel free to help yourself to the next crisis."



2009-03-13 13:24:51
Djrichard
Posts: 107
Incept: 2008-08-03
Raleigh, NC
Online
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Maybe he's referring to when it initially passed in the senate (rather than the house)?

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"99 percent of everything done in the world, good or bad, is done to pay a mortgage, so perhaps the world would be a better place if everyone rented" - Nick Naylor, Thank You For Smoking
2009-03-13 13:28:02
Baldy
Posts: 6203
Incept: 2008-05-16

Pittsburgh
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When I saw this in the daily briefing yesterday, I was shocked. I went looking there out of boredom. I must admit I went looking for something else (questions about the news reports of the lack of Treasury appts), but this just jumped out at me. It is good you did this Ticker, as the true history must be known- not mainly as a "gotcha" to any President, but a reminder that when pols say something, take it with a grain of salt. Especially about something this important. This is THE issue now- the financial system and the economy.

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Short term Treasury rates 1920-1941 monthly - note: some months the average was negative (2 page PDF) http://fraser.stlouisfed.org/publications/bms/page/409/61/download/409.pdf
2009-03-13 13:28:07
Timbo
Posts: 961
Incept: 2008-10-10 A True American Patriot!
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White House is selling a new financial product, 5X inverse GIBX

200% USRDA bull**** and it tastes like snozzberries

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http://mises.org/story/770
http://www.theplacewithnoname.com/blogs/klessons/index.html
If you don't fly the plane and find a place to land, then God will find a place to park you.
2009-03-13 13:30:36
Icanhasbailout
Posts: 1356
Incept: 2009-03-10 A True American Patriot!
Down the rabbit hole
Online
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The bottom fell out of the government's credibility when a certain President went on national TV, wagged his finger at us, and declared "I did not have sex with that woman". I was watching it live with a friend, and when he did that we looked at each other in shock that the President of the United States would so obviously and blatantly lie right to our faces.

I view that as the moment, and the vote in which the Senate allowed this open high misdemeanor to stand unpunished, as the tipping point in our culture when a crash became inevitable.

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or it could rocket higher!
2009-03-13 13:38:39
Sierraboy
Posts: 1314
Incept: 2007-06-26

San Diego, CA
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Djrichard might have nailed it

2009-03-13 13:42:01
Arathornson
Posts: 48
Incept: 2008-10-18 A True American Patriot!
NE CT
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Email sent to the White House requesting clarification. I'm not holding my breath for a response.

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Contradictions do not exist. Whenever you think that you are facing a contradiction, check your premises. You will find that one of them is wrong.- Ayn Rand
2009-03-13 13:46:13
Genesis
Posts: 66463
Incept: 2007-06-26
A True American Patriot!
Royal Flush!
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I faxed the WH a copy of the Ticker.

I don't expect a response either

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I used to play flute; I wonder if I can play a fife?
I incite prosecutors to create "Bubba Sausage Parking Lot" projects
Darrell Issa has a middle finger and knows how to use it - Me
2009-03-13 13:47:20
Patriarch
Posts: 546
Incept: 2007-10-18
inside, usually
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Send Jon Stewart a copy - he may be the only media figure to air it. He might even make a special show just around the most talked about topic of these days.

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Our elected take an oath to serve. Time to add: “I will not serve in a capacity which I am not able to comprehend or am incapable of by mental defect of any kind, nor will I use the excuse of intellective deficiency if found in violation of this oath/affirmation”, which backs charging wayward politicians with treason.
2009-03-13 13:51:46
Genesis
Posts: 66463
Incept: 2007-06-26
A True American Patriot!
Royal Flush!
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I couldn't find an email address for them on the web page.

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I used to play flute; I wonder if I can play a fife?
I incite prosecutors to create "Bubba Sausage Parking Lot" projects
Darrell Issa has a middle finger and knows how to use it - Me
2009-03-13 13:53:49
Sierraboy
Posts: 1314
Incept: 2007-06-26

San Diego, CA
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Sorry - my mistake . The 800 points on the DOW on 9/18 and 9/19 were the shorting ban, not the senate vote on teh bailout IIRC

2009-03-13 13:54:12
Icanhasbailout
Posts: 1356
Incept: 2009-03-10 A True American Patriot!
Down the rabbit hole
Online
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I sent a copy to info-at-thedailyshow-dot-com for you.

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or it could rocket higher!
2009-03-13 14:07:08
Treebeard056
Posts: 196
Incept: 2009-01-31
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Anybody send tickers to Charles Krauthammer ?

2009-03-13 14:22:32
Lowbeyond
Posts: 6290
Incept: 2008-02-11
A True American Patriot!
CO
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Heh. They are not even trying anymore. Its either willfull lying or just incompetence. Take your pick

2009-03-13 14:40:32
Swarf_maker
Posts: 19
Incept: 2008-10-18
Ottawa, Ontario, Canada
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From today's Ottawa Citizen
Quote:
Prime Minister Stephen Harper said the global recession was caused by American consumers and investors who believed in the “unconservative” idea that they could borrow without consequences.


Harper claims to have a masters degree in economics. Can his understanding of the crisis really be so shallow? Has he no advisers worth their salary?

My sense is that our politicians think they can solve this by singing 'Don't worry be happy' to us. There is absolutely no hope they are willing to do anything right.

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"Eternal vigilance by the people is the price of liberty." Andrew Jackson
2009-03-13 14:45:00
Beausam
Posts: 406
Incept: 2008-12-04
Florida
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Not only are they going to avoid doing the right thing.... they are going to ask you to like it and support it, then shove the Chrysler building up our asses if we let them.

There is growing seething anger among the people that is not being shown in MSM. Pretty soon they won't be able to hide it. But we need not buy into that violence. That is what they want so they can put us away.

We need to destroy them by exposing their scandals in the open where everybody can see it.


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If you pick up a starving dog and make him prosperous, he will not bite you; that is the principal difference between a dog and a man.- Mark Twain

2009-03-13 14:58:23
Curbyourrisk
Posts: 1617
Incept: 2008-08-19
Long Island, New York
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Obama was such a mistake!



MISTAKE!!!!!!!!!!

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Hopium: hope filled delirium preached by the White House and Swallowed whole by the American Sheeple.

"We saved the world from disaster" - Ben Bernanke - Jackson Hole 08/21/2009
2009-03-13 16:04:57
Hwatti
Posts: 245
Incept: 2008-10-22
Suspended
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http://www.youtube.com/watch?v=SGkrNJ19D....

A new team member for obama? Or, Press secretary!?

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"He was special arriving at his level of understanding, this day and age some will follow." Said by someone about Krishnamurti.

Me, hwatti? I feel not worthy (Sometimes yes) to say anything strongly representative. And, the radical revolution is happening and I am not a "follower" I am a listener.
http://en.w
2009-03-13 16:31:28
Mortgageguymn
Posts: 140
Incept: 2009-03-09
North Coast
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Gibbs will be out soon. It's one thing to lie. That's kind of the job, after all. It's another to be so obviously lying, stammering, etc. They'll get a better liar soon, and Gibbs will be off to "spend more time with his family".

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"Neither a borrower nor a lender be." - Harold Hecuba
2009-03-13 16:35:01
Ruffcut
Posts: 1784
Incept: 2007-07-07
Mushagain
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He does suck.
Give me a bull****ter with flare, please.

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If *******s could fly, then DC and wallstreet would be airports.
"I'm sick of being sick about this ****" J0nx
2009-03-13 17:05:07
Molyman
Posts: 536
Incept: 2007-08-31
Keystone, CO
Online
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I have a copy of Gibbs' chart and he looks to be correct.


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As radical and implausible as it may sound, digitizing the earth’s 2,500-year experiment with commodity money may ultimately prove far more sustainable than our recent 35-year experiment with monetary sovereignty. -Benn Steil CFR

Last modified: 2009-03-13 17:38:13 by molyman

2009-03-13 17:35:45
Empyre
Posts: 213
Incept: 2008-12-31

Selah Wa
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^^ CLASSIC!!!

2009-03-13 17:51:08
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