Obama Tells Wall Street to Worry | TigerDroppings.com

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AlaTiger
LSU Fan
Alabama
Member since Aug 2006
12740 posts

Obama Tells Wall Street to Worry


He wants the market to fall and for things to go badly so Republicans can be blamed and he can sweep the field in 2014. When in American history have we ever seen a president try to scare Wall Street? Even after 9/11, Bush was telling everyone to be calm. When London was being bombed, Churchill was trying to reassure the British. I have never seen a president try to get people to worry. What does it accomplish?

Billions of dollars of investment money - the investments of Americans - could be lost if Obama gets his way in getting Wall St. to worry. So far, the markets are holding steady for the most part. That should be seen as a good thing. Instead, he wants them to worry.

LINK

quote:

Wednesday, 2 Oct 2013 | 4:00 PM ET In an exclusive interview with CNBC's John Harwood, President Obama says Wall Street should be concerned about the ongoing impasse between him and House Republicans over funding the government and the debt limit.

"This time is different," he says. Wall Street needs to be genuinely worried about what is going on in Washington, President Barack Obama told CNBC in a White House interview Wednesday. While gridlock in D.C. is nothing new, "this time I think Wall Street should be concerned," Obama said. "When you have a situation in which a faction is willing to default on U.S. obligations, then we are in trouble," Obama said.





This post was edited on 10/3 at 9:07 am



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GoCrazyAuburn
Auburn Fan
Member since Feb 2010
13489 posts

re: Obama Tells Wall Street to Worry


How presidential





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Radiojones
USA Fan
The Twilight Zone
Member since Feb 2007
6203 posts

re: Obama Tells Wall Street to Worry


This is pretty bad even by his standards.





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dewster
Maryland Fan
Tennessee
Member since Aug 2006
8988 posts

re: Obama Tells Wall Street to Worry


I saw that yesterday....it was surprising.

This is a little disturbing:
quote:

While gridlock in D.C. is nothing new, "this time I think Wall Street should be concerned," Obama said.

quote:

"It is important for [Wall Street] to recognize that this is going to have a profound impact on our economy and their bottom lines, their employees and their shareholders," Obama said

It's almost as if he wants there to be a negative market reaction to this. So far it's not a very big deal.

Obama and senate democrats have contributed towards this partisan gridlock and have the means to negotiate a compromise just as "the other guys" do.
quote:

"If we get into the habit where one party is allowed to extort, ... then any president who comes after me we be unable to govern effectively," Obama said.


Still digging in, I see....

quote:

Tenets of the bill are popular among "all races" the president said. "The majority of the people who will be helped by the ACA will be white," he said.


Not only is full funding of ACA important enough to him, politically, to shut down the government...but he almost seems to be encouraging a negative market reaction to the shut down and the possible default on future obligations if this goes far enough.

Obama could end this today if he wanted to.

Forward.



This post was edited on 10/3 at 9:11 am


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udtiger
LSU Fan
Louisiana
Member since Nov 2006
23782 posts

re: Obama Tells Wall Street to Worry


quote:

This is pretty bad even by his standards.


Not the least bit surprised, and anyone who is is either naive, or has not been paying attention since January 2009.






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Janky
LSU Fan
Team Primo
Member since Jun 2011
7239 posts

re: Obama Tells Wall Street to Worry


How many times do we have to hear, "this time it's different"?

On the other hand Warren Buffet said this morning that not only is this shut down no that big of a deal, but even the debt ceiling isn't that big of a deal if it goes over the deadine for a little while. This was also said by Bill Gross. Who are you gonna believe, the worlds greatest investor and the world's largest bond fund manager or this quack of a president?






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TK421
LSU Fan
Baton Rouge
Member since Oct 2011
7368 posts

re: Obama Tells Wall Street to Worry


quote:

have never seen a president try to get people to worry. What does it accomplish?


He wants the economy to fail during the shutdown. He cares more about his agenda than our country.






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AlaTiger
LSU Fan
Alabama
Member since Aug 2006
12740 posts

re: Obama Tells Wall Street to Worry


I guess that if he can get the economy to slow down right now through fear, then he thinks that when the Republicans cave he can get it to jump back up with Christmas hiring and the retail season and he can take credit for it and blame the Republicans for the slowdown.

He keeps trying to amass more power.






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St Augustine
New Orleans Saints Fan
The Pauper of the Surf
Member since Mar 2006
42085 posts

re: Obama Tells Wall Street to Worry


Always fricking campaigning





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ninthward
LSU Fan
Verdi,NV
Member since May 2007
5661 posts
 Online 

re: Obama Tells Wall Street to Worry


same ole song and dance, it would not surprise me one bit if Obama tried for a third term, he just does not give a shit, chemical attack or economic disaster and Obama pulls an FDR





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ninthward
LSU Fan
Verdi,NV
Member since May 2007
5661 posts
 Online 

re: Obama Tells Wall Street to Worry


quote:

He keeps trying to amass more power.

this is his sop






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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
22095 posts

re: Obama Tells Wall Street to Worry


Good grief. He's such a uniter.





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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80158 posts

re: Obama Tells Wall Street to Worry


DJ 30 is down 130 points now. Looks like Barry got his wish.


This post was edited on 10/3 at 9:34 am


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slackhouse
LSU Fan
Member since Aug 2005
17838 posts

re: Obama Tells Wall Street to Worry


quote:

then any president who comes after me we be unable to govern effectively
dear sweet, baby Jesus, please let this be true.






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Hog on the Hill
Arkansas Fan
New York, NY
Member since Jun 2009
6269 posts

re: Obama Tells Wall Street to Worry


If you guys were smart you would hope the market falls so you can buy stocks at a bargain. That's how I feel about it.

This is a temporary 'crisis' so if people get pessimistic and sell out, that's good for people looking to buy and hold.



This post was edited on 10/3 at 9:37 am


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Wild Thang
New Orleans Saints Fan
Who Dat Nation!!!! 438
Member since Jun 2009
21944 posts

re: Obama Tells Wall Street to Worry


Obama is an abstract failure.





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oklahogjr
Arizona State Fan
Gold Membership
Member since Jan 2010
22133 posts

re: Obama Tells Wall Street to Worry


guess he's appealing to all the cronies that are making the GOP hate obamacare so they can end gridlock. Lets not pretend they all the sudden give two shits about people.


If you think the GOP actually give a frick about you, you're as bad as the liberals.






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idlewatcher
LSU Fan
Houston
Member since Jan 2012
7927 posts

re: Obama Tells Wall Street to Worry


quote:

If you guys were smart you would hope the market falls so you can buy stocks at a bargain.


If you weren't a selfish prick for wanting this to happen, millions of people wouldn't lose money due to a dictators hurt pride.






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klrstix
LSU Fan
Shreveport, LA
Member since Oct 2006
671 posts

re: Obama Tells Wall Street to Worry


Sad, Scary and Funny all at the same time...


Obama telling the Market how it should respond...

sheesh...






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AlaTiger
LSU Fan
Alabama
Member since Aug 2006
12740 posts

re: Obama Tells Wall Street to Worry


quote:

If you think the GOP actually give a frick about you, you're as bad as the liberals.


No, I don't think that. I just can never remember a time when a president tried to scare Wall Street. Presidents always try to reassure the markets in a crisis, not go on CNBC and tell them to freak out because the sky is falling.

This should be a HUGE story. The media made a massive deal out of Romney's comments right after Benghazi. It dominated the news cycle for 2 days and obscured the event itself because they saw his comments as unpresidential.

What Obama said in this interview should be on the front page of every newspaper in the country. It is unprecedented.






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