You think the president can have so much market influence that the 2000pt decline in the dow has anything to do with Obama’s policies so much more than the mess that has been left? It’s been 20 weeks. You’re just upset your party couldn’t run anything better than a withered crone without a platform and a retard bulldog in lipstick. Don’t forget, the cons made this mess. 2006 bankruptcy reform that stuck it to low income homeowners, coupled with ignored warnings about the stability of Freddy and Fannie.
Don’t forget all the greedy traders giving bad advice so that they can make money short-selling trust funds, then swoop in and pick up large chunks of the very same stock for cheap.
Don’t forget greedy, corrupt bank managers and insurance executives that sewed their own golden parachutes before flying the economy plane into Mt. Recession.
You probably think you’re going to make as much money as these guys spend on suits some day, that’s why you defend such greed and arrogance.
Maybe you’ll have a place as a page at Fox News, but only if you’re willing to blow Glen Beck.
Last September, The New York Times reported that individuals associated with the securities and investment industry had given $9.9 million to the Obama campaign, $7.4 million to the Hillary Clinton campaign and only $6.9 million to the McCain campaign.
Employees of Lehman Bros. alone gave Obama $370,000, compared to about $117,000 to McCain.
According to an analysis of Federal Election Commission records by the Center for Responsive Politics, the top three corporate employers of donors to Barack Obama, Joe Biden and Rahm Emanuel were Goldman Sachs, Citigroup and JPMorgan. Six other financial giants were in the top 30 donors to the White House Dream Team: UBS AG, Lehman Bros., Morgan Stanley, Bank of America, Merrill Lynch and Credit Suisse Group.
Since 1998, the financial sector has given a total of $37.6 million to Obama, compared to $32.1 million to McCain. But Obama ran for his first national office only in 2004. So McCain got less from the financial industry in a decade that included two runs for president than Obama did in four years.
Democrats take care of the financial industry — and the financial industry takes care of Democrats. After honing his financial skills as the bagman for Bill Clinton’s White House, Rahm Emanuel was hired by the investment bank Wasserstein Perella, where he worked for 2 1/2 years. For that, Emanuel was paid more than $18 million
during a hearing on September 10, 2003, before the House Committee on Financial Services considering a Bush administration proposal to further regulate Fannie and Freddie, Rep. Frank stated: “I want to begin by saying that I am glad to consider the legislation, but I do not think we are facing any kind of a crisis. That is, in my view, the two government sponsored enterprises we are talking about here, Fannie Mae and Freddie Mac, are not in a crisis.
President Bush publicly called for GSE reform 17 times in 2008 alone before Congress acted. Unfortunately, these warnings went unheeded, as the President’s repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems. The White House released this list of attempts by President Bush to reform Freddie Mae and Freddie Mac since he took office in 2001.
In 2005– Senator John McCain partnered with three other Senate Republicans to reform the government’s involvement in lending. Democrats blocked this reform, too.
Wow, I am impressed! I’m very surprised you actually checked out where that link leads to. Most trolls at my blog don’t bother. Power to you!
Coulter may be a hawk, but does that automatically mean that whatever facts, data and citations she quotes are wrong? As a contrast, Kos is a moonbat and Chris Matthews is an Obamaphile, does that mean that everything they is automatically wrong?
And really, if we all only were allowed to quote totally nonpartisan, neutral sources, I doubt you’d be able to go “The Republicans suck dollars directly out of children’s arteries!!!” with much backing.
Hey, there’s an idea – how about citing some actual sources instead of just assuming that Conservatives are to blame for all the financial problems?
And I stand by the fact that every time Obama speaks, the market tumbles. Again, if people had confidence in Obama’s plans, shouldn’t the market slide at least slow a bit? It fell when he announced the bailout was passed, it fell when he announced he was firing GM’s boss. The only time it went up was when Geithner announced the toxic buy-up plan.