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Not surprising; CNBC would turn to Michele Bachman as a critic of Pres Obama's Wall Street policy

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EV_Ares Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 06:54 AM
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Not surprising; CNBC would turn to Michele Bachman as a critic of Pres Obama's Wall Street policy
As welcome as recent events may be, critics in New York and Washington say the White House still has a lot to prove.

Rep. Michele Bachmann (R-Minn.) says the President’s recent comment comparing the stock market’s daily gyrations to "a tracking poll in politics" shows “a sense of naiveté,” adding it is “very concerning that this is the number one issue of our time and he is comparing it to polls.”

The President’s apparent lack of appreciation, or even empathy, for the plight of investors losing their retirement savings may be matched by their disenchantment with his policy initiatives.

In short order, the Obama administration has cranked out a massive stimulus plan, a financial stability plan, a housing plan, a health care initiative and a budget blueprint. Trillions of dollars later, the measures—individually or collectively—have not only failed to reassure or impress Wall Street, but have actually spooked it.

The Obama administration “has done everything 180-degrees wrong in terms of how markets work,” says Rep. Bachmann, who cites, among other things, proposals for higher taxes, the stress tests for banks and a foreclosure cram down provision for bankruptcy court. (Bachmann supports a change in mark to market.)

Proposals like that essentially add insult to injury, and have become part of the problem, say critics in economic, market and political circles.

link to the article by CNBC: http://www.cnbc.com/id/29659397


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DrDan Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 07:08 AM
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1. everyone knows she is an idiot . . . just continuing to confirm it
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mediaman007 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 07:16 AM
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2. Bachmann lives her life without a rear view mirror.
By the way, what writer put together this drivel. Is the author putting their personal opinion into this too? The third and fourth paragraphs don't have quotes, nor are they attributed to Bachmann.

She must have made the statements prior to this week's rally.
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rox63 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 08:50 AM
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3. Michelle Bachman is an idiot
Ms. "Hides-in-bushes-to-avoid-teh-gays".
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AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 08:56 AM
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4. The GOP is using Bachman as one of their spokespeople
Really?
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rox63 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 08:58 AM
Response to Reply #4
5. They must be really hard-up for spokes-pukes n/t
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Generic Brad Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 06:38 PM
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6. Michelle Bachmann represents "opposite land"
If she says it's bad, then you know it's good.
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Supersedeas Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-16-09 11:15 AM
Response to Reply #6
9. the shrinking class of day traders that people the CNBC audience probably find
her attractive....in a sitting in your underwear in front of the computer monitor sort of way.

Keep feeding the CNBC minions what they want to hear.
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Supersedeas Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-15-09 10:23 PM
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7. reaching into the bottom of the barrel for the Rightwing 'talent' pool
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Solomon Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-16-09 07:10 AM
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8. I sent money to her opponent and we almost got her out of
there.
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rvablue Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-16-09 12:27 PM
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10. Can someone please explain to me why this 2 term representative gets so much air time and press
when there are 434 other members.

She's only been there for a few years. Does she have a leadership position? I would think not given her lack of seniority.

Why does Tweety have her on the show so much? Why is she the go-to gal on all matters GOP?
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