Obamaconomy!!!

The recession continued to hurt eBay Inc. in the second quarter, as earnings and revenue fell amid a sales decline in the main online marketplace, overshadowing growth in the PayPal online payments and Skype communications units.

This sort of sums up the Obama disaster, no sales then leads to no jobs.
This is the Obama legacy.

It's called CHANGE!
 
Werbung:
Hobo1 said:
If Bush's legacy is that he ruined the prestige of America around the world by endlessly fighting Arabs in Iraq, then Obama's legacy will be that he ruined the American economic system. And the Democratic Congress shares much of the blame by passing stupid laws like "cap and trade" carbon dioxide.
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<Yaaaaawwwwwnnnnn...>

:rolleyes:​

Economy: Here come$ the $un!!!

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"Stocks were little changed Friday after a report showed the pace of the recession is slowing, but the market managed to post its best July in decades."​
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Todays Bad News 7/31/2009

The markets were euphoric today over this little piece of news.
The economy dipped only slightly in the second quarter of this year — falling at a 1 percent annual pace, better than expected.

Q: Why is this bad?
A: The US requires 2.5% positive growth rate of GDP to stop losing jobs.

So we are still losing jobs as we speak and a long way from anything resembling an economy.

Now even worse, a 2.5% gowth rate is not possible now without excessive gov't spending.
Do you understand CHANGE!
 
Anything approaching a correct assessment of what the market is doing needs to be based on a bunch of little oddball items taken in context, the kinds of things that you usually never hear of in the main stream media (MSM). For instance, let's take the Vickers Weekly Insider Report that's published by Argus Research. Their report this last Monday indicated that the raio of insider selling to insider buying was 4.16-to-1. The eight-week average of the insider sell-to-buy ratio was 2.69-to-1.

You kinda' gotta' ask yourself if the economy is doing so fantastically, then... why are so many insiders--the upper crust of so many big corporations with REAL insider knowledge--dumping their holdings at such a furious pace?
 
Don't believe the lies about the economy getting better.
Here's something to chew on from 7/29/2009.


WASHINGTON (MarketWatch) -- Weaker orders for automobiles and airplanes translated into a worse-than-expected 2.5% decrease in durable-goods orders in June, the Commerce Department estimated Wednesday.

It was the first decrease in the past three months.

Economists surveyed by MarketWatch had been forecasting a 0.6% decline, banking on weakness in the auto sector to prevail over modest improvements in other industries. Orders rose a revised 1.3% in May, down from the prior estimate of a 1.8% increase.

Keep in mind this is after all the stimulus spending that will bankrupt the future generations.
Note how far the reality was from predictions.
 
Maybe I see this because I want to see this... but Obama's star is starting to dim. His programs are coming under increased criticism from his own party members - if for no other reason that they are too darn expensive. Everybody knows you don't drive up the debt on programs that have nothing to do with improving the economy.

Even if you believe that a stimulus plan can somehow create jobs and boost the economy, it is a tough sell to say that this is the time for something like global warming and health care - especially when it means more taxes or reduced tax deductions. This hurts the one part of the economy that can bring us out of recession: businesses of all sizes.

Not to mention that Afghanistan continues to stay a quagmire that looks like there is no way out. Plus he told the Israelis to stop building in occupied territory - which Netanyahu not so politely ignored. I would have hoped Obama might say something like "it's not nice to piss off the President of the United States". Obama and Obama alone has the power to make Israel feel like it is standing alone in a very dangerous part of the world. Not that the Palestinians are without fault. Israel can move the peace process along by taking some simple steps.

Economy, foreign policy, support by the American people is all beginning to crumble. The 2010 elections could be a bad year for the Dems.

Does anybody else think Newt Gingrich could be the one Republican that can again take control of the Republican Party and give it some much needed leadership?
 
Hobo1 wrote -
Not to mention that Afghanistan continues to stay a quagmire that looks like there is no way out.
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Good point, that is making very little news.

Obama has failed so far in Afghanstan and US soldiers are
dying under his leadership.

But it's the lack of an economy and lies about it getting better that is amazing.
It's hard to understand that > 10% unemployment will be acceptable in the US.

Many companies have cut employees, hours, pay to improve their balance sheets. But
this means more people are without jobs or have less spending power.

It's called CHANGE!
 
asur said:
Hobo1 wrote -

Good point, that is making very little news.

Obama has failed so far in Afghanstan and US soldiers are
dying under his leadership.

But it's the lack of an economy and lies about it getting better that is amazing.
It's hard to understand that > 10% unemployment will be acceptable in the US.

Many companies have cut employees, hours, pay to improve their balance sheets. But
this means more people are without jobs or have less spending power.

It's called CHANGE!
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god your ignorance knows no bounds....Obama is failing in Afganistan...yet he just started a new way to deal with it, and it has been going for like 2 weeks....yet the fact we even needed to do it, after 8 years of Bush says so much more....Do you have a clue? do you even think about what you are talking about, or do you type in Obama sucks...and then pull words and issues out a hat with no regard to what anything means and call it thinking?
 
pocketfullofshells said:
god your ignorance knows no bounds....Obama is failing in Afganistan...yet he just started a new way to deal with it, and it has been going for like 2 weeks....yet the fact we even needed to do it, after 8 years of Bush says so much more....Do you have a clue? do you even think about what you are talking about, or do you type in Obama sucks...and then pull words and issues out a hat with no regard to what anything means and call it thinking?
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Pocket, I the point is Afghanistan is hanging over Obama's head, just like Gaza. Obama has changed tactics, but this is a "lipstick on a pig" situation. At best Afghanistan and the Taliban is a no-win situation. Now, 6 months into his administration, Obama is starting to take ownership of all of the nation's problems in the eyes of the public and he is loosing his stellar qualities.

I might add part of the reason is because he can only see government spending as a way of "fixing" any problem - "when the only tool you have is a hammer, everything looks like a nail!". The health care system may be broken, but why does it have to be so damned expensive to fix? Why not a series of regulations: 1)Tort reform to stop lawsuits, 2) stop irrational exuberance with technology, 3) prohibit doctors from conflict of interest ownership of laboratories (to which they send patients for repeated tests) 4) empower nurses with the ability to practice basic medicine, etc. All could be fixed with regulations - we don't need a trillion dollars of government spending.

The magic Obama may want change, but his ideas for change are terrible. He has the audacity to spend tax payer's money and call it hope. Nobody wants that kind of change!
 
Here's one piece of hidden news that indicates how much this stimulus is costing:

Published: Tuesday, 21 Jul 2009 | 9:43 AM ET
By: Floyd Norris
The New York Times

Just how much could the bailout of the financial system end up costing American taxpayers?

Neil M. Barofsky, the special inspector general for the Troubled Asset Relief Program set up by the Treasury Department, came up with the largest number yet in testimony prepared for delivery Tuesday to a House committee.“The total potential federal government support could reach up to $23.7 trillion,” he stated.


There is no possibility of this debt being paid back now.
 
Interesting video with Dennis Kucinich (D-Ohio, US House of Representatives) questioning the TARP program:

 
Heres some Dismal Economic news for today, thanks to Obama:

The caution in Wednesday's trading followed a disappointing report on the service industry. The Institute for Supply Management said its service index, a measure of the health of retail, financial services, transportation and health care companies, fell to 46.4 in July from 47 in June. It was the 10th straight monthly slide.

Cisco Earnings fall 46%
Surging catastrophe losses weighed heavily on Allstate Corp.'s earnings Wednesday
News Corp 4Q loss hits $203M


How do you like that hope and CHANGE! from Obama?

We can't make up pitiful reports like this, we can only report the truth.

Now you see where the US is heading don't you?
 
The Obama Media wants you to believe that things are getting better.

They brag about the news below.

First-time claims for jobless benefits dropped to a seasonally adjusted 550,000 last week, down from 588,000 in the previous week, the Labor Department said Thursday.



For you brain dead ones out there, that's bad, very bad news!

IE. the US lost alot of jobs because of Obama's CHANGE!
 
You're gonna' love this one:

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The top one's the Treasury Auction result for the 7-year notes last week; the bottom one's the POMO report from the Federal Reserve. Note the red arrows in both cases and the identification numbers they're pointing to--there's proof that The Fed is currently buying Treasuries in stealth mode as the auction results seem to have a lot higher Bid-to-Cover than they actually do. This is the kind of crap that won't take the market that long to figure out, much less the VERY savvy investors across the... oceans.
 
Werbung:
Pidgey said:
The top one's the Treasury Auction result for the 7-year notes last week; the bottom one's the POMO report from the Federal Reserve. Note the red arrows in both cases and the identification numbers they're pointing to--there's proof that The Fed is currently buying Treasuries in stealth mode as the auction results seem to have a lot higher Bid-to-Cover than they actually do. This is the kind of crap that won't take the market that long to figure out, much less the VERY savvy investors across the... oceans.
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I would like to thank you for the factual charts, etc. that you post.

This one I get but I have to admit sometimes I don't see the import of some of what you post. I wonder if there are others out there who are not getting all of it? Do you think that maybe you could add an explanation of what it means for those of us who are not as sharp in figuring these things out?
 
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