If Obama follows his typical plan. He will say no one understands his great bank plan- it will not be as bad as everything thinks. The American public does not understand
and the market will go up.
the problem over Bernacke messes up my theory. If Bernacke continues to be a topic- then the market will go down but I think that is unlikely
The public has stopped believing Obama. His credibility no longer exists on Wall Street or Main Street, except for the far left 10% of his base. Even moderate Dems aren't buying his crap any longer. He's in a panic and doesn't know what to do, or which of his advisors to parrot. The wheels are coming off this administration, and we Independents are finally beginning to use our new found strength to push both parties around at will. It's about time we to return to the original intent of the Constitution in which "We The People" control the government.
As predicted- Obama backed off his statements and said everyone did not understand. He is trying to drive the market back up.
why doesn't he understand that at this point- we know his game plan. I don't think I was a genious figuring out this weeks plan.
NOW HE WILL TALK ABOUT CONFIRMING BERNACKE AS HIS NEXT LINE
OF DISTRACTION FROM THE REAL PROBLEM- THE ECONOMY
Obama sees his ratings and his administration's approval rating in free fall. The ship is sinking so he plays the role of punishing the big bad banks for giving out bonuses and blaming them for the economic turmoil we are in. He suggests more regulation, hoping he is appealing to the public to garner support. It ain't going to work, cause he's tripping himself up with ignoring the rules he's establishing by favoring unions and businesses I spoke about earlier. Add to that the massive spending and growing debt that are doing little or nothing to get Americans back to work.
Seems like the administration is winging it everyday, while the public grows more and more disillusioned with "change".
Talk to the GM bondholders and see what they say about 'the rule of law', and this administration's interpretation of it.
It's as simple as that, IMO.
Bernanke has to be voted in by the 31st of January or he is out!
From WSJ: "If there's no vote by Jan. 31, Mr. Bernanke is expected to relinquish his post as chairman to Fed Vice Chairman Donald Kohn. Mr. Bernanke would remain on the Fed board since his term as a governor runs until 2020. When Fed policy makers meet next week, they're expected to elect Mr. Bernanke to chair their key monetary policy body, the Federal Open Market Committee, a move in which Congress has no role."