Do you want to know why AIG is now all the Repigs/MSM can talk about?

[Bold Sea Captain]

Because the DOW has gained over 1000 points in the last week.



Obama's solutions are beginning to take effect.

This is the GOPs greatest fear.
If you thought Obama was popular before,
wait until he is recognized as the leading force in pulling the US, and thereby the rest of the World, back from the brink of an impending Financial Collapse.

So what is the Repig attack plan?
Blame him for something he had no control over?
Think again, swine.

Obama will handle AIG the same way he has handled everything you have thrown at him...
with Honesty and Integrity.

the Truth will prevail,
and those who speak the Truth will lead us to Victory

[Jackpine Radical]

1. M$M and their Republican clients long ago proved themselves irrelevant.

They now appear to be engaged in a sweeping campaign to convince the general public of this fact.

[Larkspur]

2. The stock market is NOT a indicator of Obama's economic plan working

The indicators are the unfreezing of the credit crunch, employment/unemployment figures, and spending by Main Street. Unemployment is getting worse not better, the credit crunch is still on and because of employment worries or being unemployed, Main Street spending is still down.

[orwell]

3. Unemployment...

...is a lagging indicator.

The Stock Market is a leading indicator.

That being said it is far to early to claim "victory" for Obamanomics...

This is a horrendous mess he inherited. It won't be unwound quickly.

At least the Fed is on board. Their actions today underline that they are willing to throw the kitchen sink at this.

Stay tuned sports fans...

[Bold Sea Captain]

5. noone's claiming Victory just yet,

just pointing out the real news that AIG-gate is meant to obfuscate.

[Bold Sea Captain]

4. sure it is. the Stock Market is a Psychological game

and People are starting to thaw from the deep freeze that Fear had them in.

as more and more people become convinced that things are improving,
their actions will change.

Main Street stopped spending because it looked like we were headed into a Great Depression,
not because there was no money to spend.

Buffet himself said that people were acting highly irregularly en masse, and this was causing the major problems.

When the masses see Wall Street rising, they will return to their normal spending patterns.

[Larkspur]

7. Can't spend what you don't have

Those of us unemployed don't have spare cash to spend.

[Bold Sea Captain]

14. but the biggest problem was that not just the unemployed stopped spending

everyone did.

we are all so connected today by media and other communications that memes spread like wildfire.
even if they aren't based in reality.

in years past, most of Main Street didn't pay attention to Wall Street. So Market fluctuations did not have direct impact on the spending patterns of the masses.

Today, Cable or the Internet spread disinfo far and wide.
And when John Q. Public has 24 hour MSM screaming at him that we are all bound for hell, he stops spending money.
Even if he hasn't noticed any changes in the amount he has to spend. He saves for the rainy day he is told that is most assuredly on the way.

When Main Street returns to its normal spending habits, new jobs will begin to appear again.
Here's to hoping you get one of the first.

[poverlay]

19. Well stated. Once the fear and timidity lessen the job losses will start to reverse and we'll have

a long, unfortunately slow in relation to the fall, rise of everything from employment to the stock market. It is entirely possible that we could have explosions in certain sectors which would go a long way towards mitigating some of the hardest hit areas. People are going to attempt to beat the stuffing out of the President on minutiae all the while they are enjoying the overall and amazing benefits which will accrue due to the stimulus with Pres. Obama's focus on the long term benefits of education, infrastructure, and renewable resource development.

[leftynyc]

6. They were betting on the market

continuing to fall. That's why they were trying to tie Pres Obama snugly to the market. Now that it's going up, they need to change the subject.

[Bold Sea Captain]

16. exactly, and fast

EPIC FAIL, Little Piggies!

[leftynyc]

21. Looks like another one of their

brilliant plans has failed. And rush getting on the side of AIG getting the bonuses is a gift to the Democrats.

[HiFructosePronSyrup]

8. Anybody who's blaming the Obama administration for the AIG problem...

isn't really upset with the AIG problem.

[LSparkle]

10. Ding ding ding -- you got it!

That's exactly what's going on here. If truth were told, this
isn't so much Obama's problem as it is Bush's and Paulson's.
But of course the MSM won't bother to explain the truth to
us ...

[Cha]

12. Exactly..a bunch of fucking

hypocrites.

[Wednesdays]

9. Yeah, and when the stock market falls next week, it's all Obama's fault, yes?

Nice try. :eyes:

[Bold Sea Captain]

18. should I shortsell based on your prediction, Nostradamus?

Lame attempt. :dunce:

[Cha]

11. The corporatemediawhoredom which is the

republicon base will do anything to distract at anytime if anything good happens in our country which could reflect on Obama.

[jenmito]

13. Norah O'Donnell called two things "bombshells" today-

that the federal reserve knew "all along" about the bonuses (according to Liddy's testimony) and that Evan Bayh announced the group of moderate Dems. he's forming. :eyes:

[ErinBerin84]

15. oh man.

The Bayh thing is a "bombshell" too?? I feel like we had been hearing about this for more than a couple of weeks (even though his official asshole announcement came on Morning Joe). Nice job staying on top of it, Norah. Jesus.

[jenmito]

17. Yup. That was considered a "BOMBSHELL" to her along with the

AIG one. She's nearly hyperventilating about how "Liddy dropped a BOMBSHELL today by claiming the 'government' knew ALL ALONG while the WH has been claiming that Geithner just learned about it last Tuesday and Obama not 'til last Thursday." Then she asked Ron Christie how HE felt about it. :eyes:

[Life Long Dem]

20. The opinion varies on the economy.

We have been here before and it wasn't sustainable. The question is whether the economy grows this time around and is going to be sustainable?

I think the foundation looks stronger. Small business lending by SBA backing will help.

Student loan debt is still a problem area. Credit was frozen last Fall, and the consequences of no credit has caused dropouts. Now what if Sallie Mae doesn't give you the deferment and they default you? Can you see the big ripple effect in a stabilizing an economy?