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| User Info | To Obama: Your First 100 Days in forum [Ticker] | |||
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Genesis Posts: 71435 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/701-To....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-12-27 21:42:19
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Tdray Posts: 115 Incept: 2008-12-11
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I agree in full with all your proposals. Looking at Obama's "Econonmic Experts", I am afraid it will be more of the same. I hope I am wrong on this.
2008-12-27 21:56:54
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Stinkydrunk Posts: 122 Incept: 2008-04-12 
SE MI
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Wishful thinking. I agree with your proposals, but we just put a marxist in charge of the greatest economic engine in the world. Ain't gonna happen. Here's what the great one really thinks: ---------- "Impromptu Obamanomics is getting scarier by the day. For all the president’s touted intelligence, his un-teleprompted comments reveal a basic misunderstanding of capitalist principles." -- Caroline Baum Last modified:
2008-12-27 22:14:48 by stinkydrunk
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Mtpaul Posts: 61 Incept: 2008-12-06 alaska
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when pigs fly too ... obama just another flavor of clone in the cone.. the first bailout he approves will end any chance of change... new boss...same as the old boss... ---------- woof.. bad doggie no biscuit Last modified:
2008-12-27 22:24:37 by mtpaul
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Etz3l Posts: 9103 Incept: 2007-06-26 
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Quote:with full knowledge that I have about as much of a chance of winning the Lotto as seeing themI would argue the Lotto has better odds 
---------- Treating the symptoms of financial corruption isn’t the same as removing the causes.
2008-12-27 22:50:54
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Jstanley01 Posts: 2574 Incept: 2008-07-30
San Antonio, Texas
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Not to worry. Obama, Laurence Summers, and the rest of the team are working on an "American Recovery and Reinvestment Plan" as we speak. http://www.tickerforum.org/cgi-ticker/ak.... ---------- ...so in short, my fellow Texans, we must secede. "For the children..." --Me
2008-12-27 22:53:44
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Etz3l Posts: 9103 Incept: 2007-06-26
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Quote:Lawrence Summers: In 1999, he succeeded Rubin as Secretary of the Treasury. During his transition to Secretary of the Treasury, the Glass-Steagall Act, which kept commercial banks out of Wall street, was repealed. A year later, he was, with Alan Greenspan and Robert Rubin, a leading advocate of the derivatives deregulation, suppressing the recommendations raised by Brooksley Born. These are considered key factors in creating a lot of the conditions that led to the Financial crisis of 2007–2008. *******! ---------- Treating the symptoms of financial corruption isn’t the same as removing the causes.
2008-12-27 23:20:52
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Yazooflesh Posts: 2428 Incept: 2007-08-02
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Yobama and Larry are gonna make it all better now..don't fret!
2008-12-28 00:18:59
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Laura Posts: 3153 Incept: 2008-05-05
Florida Space Coast
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Great Ticker Karl, it's worth a try and some emails cause the alternative is just too ugly.
---------- Karl's just a shill for Big Math. 1LumpSum Honey, where's the AK ? Tyler Durden My Ford focus can get me from point A to point B just as good Tigger's Cadillac. And my back door window is not broken. Mliu
2008-12-28 00:54:44
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Noodleman Posts: 759 Incept: 2008-11-01
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Barry didn't get to where he is by being a reformer. He's already reneged on 3 or 4 of his campaign promises. He's a club member extraordinare. But I suspect that when **** hits the fan he'll be able to calm the masses and restore order for a little while longer than McCain would have been able to do. He might buy us a little more time. But eventually we'll witness chaos in all major cities. Americans are very different people than we were in 1929.
2008-12-28 02:01:46
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Lastchance Posts: 1132 Incept: 2008-11-19 Las Vegas
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I think todays Ticker mentioned Paulson. I want everyone to read this article, specifically regarding Section 382 of the federal tax code. I think copyright rules allow me to highlight one paragraph. 'As Congress worked to finalize that bailout bill, Paulson's own staff, through a quiet rule change issued Sept. 30, gutted the once little-known Section 382 of the federal tax code. Under the change, banks could now use the loss of companies they acquire as major tax deductions.' Any more questions as to what is being down to this country. Here's the link to the fullstory: decide for yourself. Happy Holidays. http://www.lvcitylife.com/articles/2008/.... ---------- "We don't quit. I don't quit" President Obama 1/27/10 Man, I would to have him in one of our poker games.
2008-12-28 05:16:57
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Lastchance Posts: 1132 Incept: 2008-11-19 Las Vegas
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And one more thing from Wikipedia... "He was Under Secretary of the Treasury for International Affairs (1998–2001) under Treasury Secretaries Robert Rubin and Lawrence Summers" Any guesses? Imagine that. The proposed new Secretary of the Treasury in 2009. Any more questions? Genesis and others, including me, are trying to wake people up to the looting of America before it is too late. My fear is that it is all in vain. And then it is going to get brutal for some 100,000,000 Americans. I am not kidding. That's approximately 30% of the nation. 12% of the nation already live in poverty as defined by USA government statistics. Are you going to do something in 2009? Genesis, thanks for the opportunity to rant. I am about to give up. ---------- "We don't quit. I don't quit" President Obama 1/27/10 Man, I would to have him in one of our poker games.
2008-12-28 05:32:08
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Lastchance Posts: 1132 Incept: 2008-11-19 Las Vegas
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Finally. Genesis, give me a little more slack as a year end bonus just to really rant at someone on this forum. To that person and if he reads this, did YOU do ANYTHING in 2008? Did you call or write ANYONE? How many times did you call me? You want me to post the records? DO SOMETHING. Genesis. Thank you. ---------- "We don't quit. I don't quit" President Obama 1/27/10 Man, I would to have him in one of our poker games.
2008-12-28 05:44:04
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Dakine2004 Posts: 5439 Incept: 2007-10-23
MD.MI.NC.SD. Online
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FDR redux... If the new Pres does anything as radical (for the times) as what FDR tried/accomplished... it is unfathomable where the U.S. will be in 20-40 years from now... I (J6P), for one, can't wrap my mind around the consequences... at least dove-hunting was good this year...
2008-12-28 07:15:58
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Thrustvectoring Posts: 149 Incept: 2008-09-17
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>Stinkycourt I don't think Obama said what the video is implying he said. My take of a summary of what the video first summarized: my version: "Its a tragedy that the civil rights movement became focused on a judicial system that never defined what the government must do for their people, and focused on de jure instead of de facto improvements for blacks." vs whats on the screen at 1:55
2008-12-28 07:36:16
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Beausam Posts: 496 Incept: 2008-12-04 Florida Online
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Another good ticker KD showing your grasp of the situation. As is stands, I feel the US is toast. If only 1/2 of what you propose could be accomplished we might have 1/2 a chance. There is no way this can happen in my opinion for to do so would mean a lot of people are going to jail and there is the old cliche - they would rather be right and dead than wrong and alive. ---------- The function of the Government is to separate the peasants from their money by pretending to fail.....Reinhardt
2008-12-28 07:43:28
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Thrustvectoring Posts: 149 Incept: 2008-09-17
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argh, that video is taking statements completely out of context to make its summaries of Obama's statements, it makes me RAGE seriously, they summarize Obama mentioning desegregating schools as an example of the court being uncomfortable taking on administrative tasks as "redistributing wealth is an 'administrative task'"
2008-12-28 07:50:10
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Dasweise Posts: 459 Incept: 2007-08-27
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Debt = obligation for future labor. The American people are enslaving themselves and future generations for defined government benefits. Most Americans can't define FREEDOM and LIBERTY. They want someone else to do it for them. When will the social welfare PONZI scheme end? Most readers of the Ticker have a good idea of what needs to happen for this country to recover economically. HERE is a NEWS FLASH: IT AIN'T GOING TO HAPPEN! If you don't know why, then you need to read more. There is no accountability at any level in government. Elected officials run for office for one reason; to protect personal interests or those of a supporter. I predict Martha Stewart goes back to jail before any regulator in the SEC. ---------- Are you msrching on Washington DC on Thursday, April 15, 2010?
2008-12-28 08:37:03
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Thrustvectoring Posts: 149 Incept: 2008-09-17
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>Dasweise what needs to happen is giving up our modern 'Bread and Circus', and an enlightened minority has extremely little power to stop the unwashed masses from voting themselves more 'Bread and Circus'. Positive feedback is a bitch, and then you hit a system limit. The brilliant idea behind bubblenomics was to push the system limits farther out and increase gains because higher asset prices are better.
2008-12-28 09:11:39
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Flapdoodle Posts: 659 Incept: 2008-01-25
La Serena, Chile
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Unfortunately, from what little I know it seems the nomination of Shapiro for SEC, Summers, Holder, etc. does not bode very well for any constructive change under an Obama administration - more like "hide the evidence" and blame it on someone else. The house of cards built up since the repeal of Glass-Steagall is tumbling down. What I'm waiting to see is for Obama and friends to try to resurrect the right wing militias as the bad guys again. That will be a hoot... ---------- --Smooth seas do not make skillful sailors. - African Proverb Last modified:
2008-12-28 09:48:55 by flapdoodle
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Steve Posts: 107 Incept: 2008-12-20
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First post. Karl: I spoke to my Dad (former banker) about all this and his feeling is that the Fed can just kick the can on all this--just keep printing money with no end in sight, no repercussions. He also feels that the dollar will remain king regardless of what happens, and China and the rest cannot flee. (He did agree they may nationalize banks or create a national bank and put all the toxic assets there instead of the Fed balance sheet.) I believe your opinion, can you give me something to rebut his position. Thanks to you and all. I have learned more here than I did at NYU (MBA Finance).
2008-12-28 09:50:16
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Taint Posts: 165 Incept: 2008-12-24 texas
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Steve, What happens when you only change the denominator in a fraction? If the fed simply prints money to solve this problem, dollar purchasing power collapses and you have also undercut value of dollar based investments (treasuries) held by foreign powers (think China and Japan). We are dependent on these countries to give us loans to support deficit spending...in the absence of these loans to the US govt, which is a likely scenario if the Fed simply prints money to solve problem, the govt safety network, fed pensions, ss, medicare, welfare among other things will no longer exists as they currently do. Imo, the meltdown dances on the pinhead of US treasury security values - printing money will not help.
2008-12-28 10:30:37
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Stinkydrunk Posts: 122 Incept: 2008-04-12
SE MI
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"Thrustvectoring" wrote..argh, that video is taking statements completely out of context to make its summaries of Obama's statements, it makes me RAGE 1:20 "it (the Constitution) doesn't say what the federal government or the state government must do on your behalf..." Perform your mental sumersaults to spin it how ever you want, but the man is obviously a Marxist with no respect for the original intent of the founders of this country. They wanted a limited government where individuals were free to succeed, or free to fail. They did not want a government giving out free money, or giving out health care, or giving out anything else that people could provide for themselves. Of course, I suspect you don't get this either. ---------- "Impromptu Obamanomics is getting scarier by the day. For all the president’s touted intelligence, his un-teleprompted comments reveal a basic misunderstanding of capitalist principles." -- Caroline Baum
2008-12-28 10:59:30
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Steve Posts: 107 Incept: 2008-12-20
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Taint: Thanks for the reply. I understand the principle in concept, & tried to explain this to him. He gets it, but simply holds fast to the notion that the center will hold and the dollar is indominable no matter what. That regardless of the macro fundamentals, there is never anywhere better to go (for China, Japan, and everyone else), by definition, than dollars and Treasury instruments. (He's old school, I guess.) I don't agree, obviously, but can't show specifically why he might be wrong. Regards.
2008-12-28 11:45:47
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Woodman Posts: 122 Incept: 2007-09-21 THE PONZ
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Quote:Lawrence Summers: In 1999, he succeeded Rubin as Secretary of the Treasury. During his transition to Secretary of the Treasury, the Glass-Steagall Act, which kept commercial banks out of Wall street, was repealed. A year later, he was, with Alan Greenspan and Robert Rubin, a leading advocate of the derivatives deregulation, suppressing the recommendations raised by Brooksley Born. These are considered key factors in creating a lot of the conditions that led to the Financial crisis of 2007–2008. Last modified:
2008-12-28 12:31:05 by woodman
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