Showing posts with label Recession. Show all posts
Showing posts with label Recession. Show all posts

Tuesday, March 3, 2009

It is Officially Time to Panic: Wall Street Doesn't Agree With Obama's Policies

By: T.R. Slyder,

As anyone with any finance or economic policy acumen knows, the whole point of having a President of the United States, is to cowtow to Wall St. That is the President's only role. They'd also tell you that Economics is only about the short term. No finance expert ever says "Buy stocks, and hold on to them.", they say "Buy them, and see if you can turn a quick profit in a couple days time, sell them, and try to do it all over again."

So when Obama unveils an economic policy, and the Dow goes down again, it's 1) Obama's fault and 2) the surest sign that the policy has no chance of success.

It's refreshing to know that the talking heads on CNBC and the rest of the media forgot who got us into the current economic mess: Wall Street greed. They were unregulated, ran amok, got stupidly greedy, and now the world is paying for it. So why should I believe that the DJIA is the pureset measure of Presidential policy? They got us into the mess, what the fuck do they know? If they knew everything, as the media seems to imply, wouldn't more Wall St. firms not be collapsing or laying people off? So they screwed up, yet their still the experts?

How is that unlike a 14-month old giving you advice on how NOT to poop your pants? It kind of reminds me of when I overhear overweight people celebrating their weight loss and giving eachother advice. Call me rude AND studpid, but I'd rather get that advice from someone who is currently in shape. I'm just that crazy. If you're and a friend are driving from Chicago to Indianapolis, and while he is holding the map, you wind up Mexico, chances are, you aren't interested in his advice on how to get back on track. You're going to take the map and tell him to shut the hell up.

It isn't that I think no one should disagree with Obama. I'm all for a multitude of input and opinions. But until our economy is trending in the right direction, I couldn't care less what the Dow and Wall St. think about Obama's current policy proposals. You guys had your chance. And you you obesely pooped your pants in Mexico.

Monday, March 2, 2009

"That's the bad guy" -Tony Montana in Scarface

By: T.R. Slyder,

Remember in the mid-to-late 90's when everyone was making Lawyer jokes? It was en vogue at the time to label laywers as all greedy, corrupt, unscrupulous swindlers? In the wake of our awesome economic times, have investment bankers officially replaced them now? I kind think so.