Comments on: Obama’s First Failure http://enlightened-american.com/2008/11/12/obamas-first-failure One person's quest to make sense of a senseless American economy and society. Sun, 08 Jan 2012 12:07:34 +0000 hourly 1 http://wordpress.org/?v=3.0 By: The Enlightened American » Obama Pays The Price For Impotence http://enlightened-american.com/2008/11/12/obamas-first-failure/comment-page-1#comment-29636 The Enlightened American » Obama Pays The Price For Impotence Thu, 21 Jan 2010 17:58:23 +0000 http://enlightened-american.com/?p=254#comment-29636 [...] endorsed Obama but wasted little time tearing into him for appearing too deliberate and calculated during times of financial crisis even before he took [...] [...] endorsed Obama but wasted little time tearing into him for appearing too deliberate and calculated during times of financial crisis even before he took [...]

]]> By: The Enlightened American » CNBC’s Propoganda http://enlightened-american.com/2008/11/12/obamas-first-failure/comment-page-1#comment-6389 The Enlightened American » CNBC’s Propoganda Thu, 26 Feb 2009 18:49:00 +0000 http://enlightened-american.com/?p=254#comment-6389 [...] supported Obama during the election but regular readers may recall that I haven’t had a nice thing to say about him since. His actions since he’s taken [...] [...] supported Obama during the election but regular readers may recall that I haven’t had a nice thing to say about him since. His actions since he’s taken [...]

]]> By: Davy Bui http://enlightened-american.com/2008/11/12/obamas-first-failure/comment-page-1#comment-3095 Davy Bui Thu, 11 Dec 2008 21:35:59 +0000 http://enlightened-american.com/?p=254#comment-3095 I think events bear out my criticism. You'll notice that he did not make any announcements regarding his economic team until the day after the markets breached the October lows. He announced Tim Geithner and markets jump 500-600 points or whatever and eventually rebound 20% or so after he announces Summers, Volcker et al. Obviously, he did have the influence to affect psychology. Best to have done this before the markets breached the Oct lows and preserved some suspense about those lows. Perhaps he would have only been postponing the inevitable but in markets where psychology rules above all else, preventing the breach could have been useful. As they say, a day late and a (trillion) dollar(s) short. I think events bear out my criticism. You’ll notice that he did not make any announcements regarding his economic team until the day after the markets breached the October lows. He announced Tim Geithner and markets jump 500-600 points or whatever and eventually rebound 20% or so after he announces Summers, Volcker et al.

Obviously, he did have the influence to affect psychology. Best to have done this before the markets breached the Oct lows and preserved some suspense about those lows. Perhaps he would have only been postponing the inevitable but in markets where psychology rules above all else, preventing the breach could have been useful.

As they say, a day late and a (trillion) dollar(s) short.

]]> By: the new guy http://enlightened-american.com/2008/11/12/obamas-first-failure/comment-page-1#comment-3071 the new guy Wed, 10 Dec 2008 22:13:21 +0000 http://enlightened-american.com/?p=254#comment-3071 Have you ever being put in a positon where you are replacing a person in an important position and the change will not take place for a few weeks or months? You see a lot of opportunities but have no authority to change things, or to influence change during those few weeks or months. Should you not be critizising the new president after he is in office and has the authority to make changes? Have you ever being put in a positon where you are replacing a person in an important position and the change will not take place for a few weeks or months? You see a lot of opportunities but have no authority to change things, or to influence change during those few weeks or months.
Should you not be critizising the new president after he is in office and has the authority to make changes?

]]> By: The Enlightened American » O Barack, Where Art Thou? http://enlightened-american.com/2008/11/12/obamas-first-failure/comment-page-1#comment-2635 The Enlightened American » O Barack, Where Art Thou? Thu, 20 Nov 2008 21:22:09 +0000 http://enlightened-american.com/?p=254#comment-2635 [...] Obama’s First Failure [...] [...] Obama’s First Failure [...]

]]> By: Trig Palin http://enlightened-american.com/2008/11/12/obamas-first-failure/comment-page-1#comment-2379 Trig Palin Fri, 14 Nov 2008 23:04:29 +0000 http://enlightened-american.com/?p=254#comment-2379 Paulson is a criminal and needs to be prosecuted by the next administration. Paulson is a criminal and needs to be prosecuted by the next administration.

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