President Bush Shoots America the Finger

[August]

Originally Posted by Aramike

I wonder if Obama's supporters know just how happy Obama is that Bush did this?

Obama wanted nothing to do with something so controversial early in his term.

I don't think he will be able to avoid it as he'll be doing the same thing come February with the other 4 billion mentioned in PD's link.

The whole thing is driven by the Democrats anyways...

[Aramike]

Originally Posted by August

I don't think he will be able to avoid it as he'll be doing the same thing come February with the other 4 billion mentioned in PD's link.

The whole thing is driven by the Democrats anyways...

Yeah, mostly I agree.

Democrats have essentially presided over the economic collapse as of late.

In fact, I believe they may have even lost seats in the Congress if Obama wasn't so wildly popular. People seem to have forgotten that Congress' approval is lower than Bush's.

[PeriscopeDepth]

Personally I don't believe Obama will be any more effective than Bush in solving our financial troubles. I don't blame this on the Dems, or the Republicans. I blame it on their hopelessly corrupt advisers. People like Paulson, Bernake, and Greenspan. I truly believe they should be put up against a wall and shot. They are all smart enough to understand what the possible effects of their "economic engineering" would be.

PD

[Aramike]

Originally Posted by PeriscopeDepth

Personally I don't believe Obama will be any more effective than Bush in solving our financial troubles. I don't blame this on the Dems, or the Republicans. I blame it on their hopelessly corrupt advisers. People like Paulson, Bernake, and Greenspan. I truly believe they should be put up against a wall and shot. They are all smart enough to understand what the possible effects of their "economic engineering" would be.

PD

Good post. In some ways, I agree. But I think the overriding problem is not so much corruption, but rather that these nitwits actually think they understand the workings of our essentially fiat economical system.

For instance, the reason stocks are so unpredictable and soemtimes volatile is that they aren't really based upon tangibles. In reality, emotional responses can effect the market more than real results. There's just as much money to be made from buying and selling as there is from actually investing.

It's common for people to sell stock from well-performing companies just because the market in general is tanking. It becomes a self-fulfilling prophesy because people actually SHOULD engage in this behavior. If they don't, others will and the people who stay lose money. It ends up hurting the company, the investor, and the market.

It's a very emotional system with few rational bounds. For anyone to think they really know how it works is not too plausible. I mean, do a poll. Ask 100 people how the Dow Average is calculated. I bet 99 have no idea.