Sen. Obama First African-American President

[dlry]

How do I as an original supporter of the man argue with this videos premise if I am honest with myself?

7 Lies In Under 2 Minutes


http://tinyurl.com/yj3t4c4

[defio70]

10 reasons Obama is failing 95 million investors
http://www.marketwatch.com/story/10-rea ... 2010-01-19

[Entendance]

Obama’s failure to understand where we are in the economic cycle and the relationship to historical precedent has been catastrophic to the conduct of economic policy and critical in his missteps. There is more to Obama’s misfortune than a bad economy
http://www.creditwritedowns.com/2010/01 ... -year.html

Brown Wins - Complete Repudiation of Obamacare - What's Next?
http://tinyurl.com/ybc38de
viewtopic.php?f=17&t=735&p=9153#p9153
viewtopic.php?f=17&t=595&p=9154#p9154


WHAT THE SCOTT BROWN VICTORY SAYS ABOUT THE ECONOMY
http://pragcap.com/what-the-scott-brown ... he-economy

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[Entendance]

...President Obama says he gets the message sent by the voters of Massachusetts? With all due respect, he has no idea what the message is. The administration thinks that if it just creates a bunch of jobs (or saves them, or saves and creates them, or whatever it’s calling it,) then its job will be done. Yes, the economy is a major issue. But that isn’t what’s got people in a lather.
It’s the fairness, stupid.
Bailing out private companies like AIG was not fair. Bailing out the auto makers, and the banks, and paying AIG’s counterparties 100 cents on the dollar for their terrible bets was not fair. It was not fair for the Fed to buy all those soured loans off the banks’ hands, and relieve them of the burden, placing it on the citizenry’s shoulders. Bankruptcy is fair. The FDIC seizing failed banks and selling them off is fair. But fairness went out the window two years ago.
http://markettalk.newswires-americas.com/?p=8147

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[Entendance]

http://inpoints.blogspot.com/2010/01/ps ... te-of.html

http://marcfaberblog.blogspot.com/2010/ ... rview.html

Obama's Desperation To Save His Majority Turns To Panic
viewtopic.php?f=7&t=490&p=9239#p9239

The statement “Look, I am not interested in punishing banks, I’m interested in protecting our economy” is an oxymoron. Bankers created this crisis, so if the President was sincere in his interest to protect the US economy, by definition, he would have to rid the system of the corrupt banks that engineered this crisis. That means, goodbye Goldman Sachs, JP Morgan, Bank of America, Wells Fargo and Citigroup. But of course, this will never happen. If consumers and middle-class families are truly to have the “information they need to make financial decisions” then we must begin with education about how our monetary system truly works, not the propaganda about 10% reserve ratio requirements (RRR) and other nonsense that is disseminated via our academic system at every level.

Remember that just one week prior, President Obama delivered a speech on January 21, 2010 in which he stated:
“Banks will no longer be allowed to own, invest, or sponsor hedge funds, private equity funds, or proprietary trading operations for their own profit, unrelated to serving their customers. If financial firms want to trade for profit, that’s something they’re free to do. Indeed, doing so -- responsibly -- is a good thing for the markets and the economy. But these firms should not be allowed to run these hedge funds and private equities funds while running a bank backed by the American people.”
By now we all know that AIG failed because of its executives, in their pursuit of huge profits, transformed the company from an insurance company into a giant hedge fund riddled with enormous risk. Goldman Sachs, JP Morgan, Wells Fargo, Citigroup and Bank of America have all transformed themselves into massive hedge funds as well. So if President Obama was sincere in his statement above that “Banks will no longer be allowed to own, invest or sponsor hedge funds”, he would immediately begin the process of shuttering every one of these institutions to restore integrity to the US financial sector...
http://tinyurl.com/yfhksgw

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[sowhat]

The president continues to say in public that banks have almost paid Americans back. That is a lie.
Ratigan Rips Into Obama, Calls Him Out On His "Free Money" Doctrine And TARP Hypocricy

viewtopic.php?f=17&t=735&p=9329#p9329

President Obama is Not a Polarizing Figure

Majorities believe he is trying to put the country back on track and to bring about needed changes – but that he has not done much yet, has not lived up to his campaign promises and is spending too much...
http://www.businesswire.com/portal/site ... ewsLang=en

[Entendance]

Feb. 10 (Bloomberg) -- President Barack Obama said he doesn’t “begrudge” the $17 million bonus awarded to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon or the $9 million issued to Goldman Sachs Group Inc. CEO Lloyd Blankfein, noting that some athletes take home more pay.
The president, speaking in an interview, said in response to a question that while $17 million is “an extraordinary amount of money” for Main Street, “there are some baseball players who are making more than that and don’t get to the World Series either, so I’m shocked by that as well.”
“I know both those guys; they are very savvy businessmen,” Obama said in the interview yesterday in the Oval Office with Bloomberg BusinessWeek, which will appear on newsstands Friday. “I, like most of the American people, don’t begrudge people success or wealth. That is part of the free- market system.”
Obama sought to combat perceptions that his administration is anti-business and trumpeted the influence corporate leaders have had on his economic policies. He plans to reiterate that message when he speaks to the Business Roundtable, which represents the heads of many of the biggest U.S. companies, on Feb. 24 in Washington.
Blankfein and Dimon took their bonuses in stock rather than cash, which Obama encouraged other corporations to do. Such compensation, he said, “requires proven performance over a certain period of time as opposed to quarterly earnings.” He said that’s a “fairer way of measuring CEO success and ultimately will make the performance of American businesses better.”

http://www.goldmansachs666.com/2010/02/ ... ary-9.html

G.S. must go
http://inpoints.blogspot.com/2010/01/fe ... er-of.html



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[defio70]

The Clash of Two Worlds, The Battle Between Knowledge & Ignorance…
http://economicedge.blogspot.com/2010/0 ... words.html

[defio70]

...Employees from Goldman Sachs gave more to the Obama campaign than any other organization except the University of California -- with Citigroup and JPMorgan Chase quickly following in sixth and seventh place.
Absolutely correct. Goldman gave money to the winner. Big stinking surprise - NOT.
Whatever Obama has in mind for punishing the financial industry, I promise you, he won't punish his friends. After JPMorgan CEO Jamie Dimon took a $17 million bonus this week, and Goldman CEO Lloyd Blankfein got a $9 million bonus, Obama said he didn't begrudge them their bonuses, saying, "I know both those guys."
viewtopic.php?f=5&t=645&p=9462#p9462

Gary Shilling: Government Salaries Are Out Of Control; Get Ready For A Tax Revolt (VIDEO)
http://dailybail.com/home/gary-shilling ... t-rea.html

Supposedly there is no problem with printing and spending money. I am in awe of such stupidity.

Inflation Targeting Madness and Economically Illiterate Fools at the IMF
http://globaleconomicanalysis.blogspot. ... s-and.html
http://globaleconomicanalysis.blogspot. ... oblem.html

[sowhat]

...Finally, to President Obama. You can't serve both the banksters and The American People. You took the oath of office too. Now you have to choose. Not only will you lose in 2012 (badly) if you don't start locking up the jackasses that got us into this mess but if you don't ram the above seven points down the throats of these banksters and others in the next couple of months your party will be decimated in the November elections. Some of your oldest allies in the Democratic Party are resigning; Senator Bayh, for example. Illinois' State financial health is akin to someone with terminal pancreatic cancer, and that's where you're going home to in 2012 if you don't quit being nice-nice with people who have played rape-rape to the American people and economy for the last two decades. You didn't make the mess (you weren't around long enough to do it) but you had damn well better clean it up, or what will be left of this nation is unlikely to be worth governing by the time your term expires.
Health care may be important but not until the above is taken care of. Fixing the financial system is the issue you must confront and fix in its entirety. Not half-way, not by compromise - you simply must fix it. The seven points above are not options, they're not discussion points - they're mandatory. All of them. Don't believe me if you don't want to - believe Charlie Munger, one of the wisest investment professionals ever to live, and, in my opinion, the smarter half of Berkshire Hathaway (with no disrespect intended to Warren.)
The choice is yours Mr. President, but the consequences will belong to all of us.

Choose wisely.
http://market-ticker.denninger.net/arch ... ticos.html