Comments on: 8 Reasons Why the Obama Administration Will Not Solve this Crisis by the End of 2009 http://www.theundergroundinvestor.com/2009/03/8-reasons-why-the-obama-administration-will-not-solve-this-crisis-by-the-end-of-2009/ The definitive investment blog for investment news not discussed in the mainstream media Sat, 11 Feb 2012 06:37:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Merry-will-go-round http://www.theundergroundinvestor.com/2009/03/8-reasons-why-the-obama-administration-will-not-solve-this-crisis-by-the-end-of-2009/comment-page-1/#comment-45284 Merry-will-go-round Sun, 29 Mar 2009 20:52:45 +0000 http://www.theundergroundinvestor.com/?p=783#comment-45284 Excellent analysis. Thank you for speaking out. Such a shame that only a few Americans are actively seeking out such alternative sources of information, in lieu of more accessible, but horribly corporate-tilted mass media messages. Excellent analysis. Thank you for speaking out. Such a shame that only a few Americans are actively seeking out such alternative sources of information, in lieu of more accessible, but horribly corporate-tilted mass media messages.

]]> By: J.S. http://www.theundergroundinvestor.com/2009/03/8-reasons-why-the-obama-administration-will-not-solve-this-crisis-by-the-end-of-2009/comment-page-1/#comment-45268 J.S. Tue, 24 Mar 2009 12:44:44 +0000 http://www.theundergroundinvestor.com/?p=783#comment-45268 By the way, here is another good link for everyone where Nobel economists Joseph Stiglitz and Paul Krugman are highly critical of the Obama administration's continuation of the foolish Bush administration and Clinton administration policies here http://georgewashington2.blogspot.com/2009/03/krugman-slams-geithner-et-al.html and their criticisms are the same as mine. no solutions addressing the root of this problem are being implemented. You can not solve a problem by continuing the very same policies that created a problem... By the way, here is another good link for everyone where Nobel economists Joseph Stiglitz and Paul Krugman are highly critical of the Obama administration’s continuation of the foolish Bush administration and Clinton administration policies here
http://georgewashington2.blogspot.com/2009/03/krugman-slams-geithner-et-al.html

and their criticisms are the same as mine. no solutions addressing the root of this problem are being implemented. You can not solve a problem by continuing the very same policies that created a problem…

]]> By: James Jadrych http://www.theundergroundinvestor.com/2009/03/8-reasons-why-the-obama-administration-will-not-solve-this-crisis-by-the-end-of-2009/comment-page-1/#comment-45267 James Jadrych Tue, 24 Mar 2009 11:34:28 +0000 http://www.theundergroundinvestor.com/?p=783#comment-45267 Are we all going to continue to just sit here and watch as this man and his "Brown Shirts" put a stuccatto end to the great experiment that was The Unired States of America? Are we all going to continue to just sit here and watch as this man and his “Brown Shirts” put a stuccatto end to the great experiment that was The Unired States of America?

]]> By: J.S. http://www.theundergroundinvestor.com/2009/03/8-reasons-why-the-obama-administration-will-not-solve-this-crisis-by-the-end-of-2009/comment-page-1/#comment-45263 J.S. Tue, 24 Mar 2009 03:13:12 +0000 http://www.theundergroundinvestor.com/?p=783#comment-45263 Just a quick note to you VR. I welcome all criticism because only a fool does not listen to opposition viewpoints. However, you marginalize your credibility when you cite portions of my article in quotation marks that clearly I did not state, i.e. “Vicente Fox in 2000 had slogans that were similar and he really sucked. I think Obama’s likely to turn out the same way.” I will only say that if you had taken just half an hour to read the hundreds of articles on my blog you would have discovered that I have criticized the Bush administration and the Clinton administration in the past when appropriate as well. You have missed the whole point of my article, which was to open up minds by pointing out things that people do not see on the surface. If the Obama administration was taking the right steps to fix this crisis I would gladly praise Obama. This is not about my political affiliations but about my hope to institute a sound monetary system. Lastly, I would counter another of your points by saying that Mexico, as our neighbor to the South, has a huge impact upon the political and economic state of the United States. JS Just a quick note to you VR. I welcome all criticism because only a fool does not listen to opposition viewpoints. However, you marginalize your credibility when you cite portions of my article in quotation marks that clearly I did not state, i.e. “Vicente Fox in 2000 had slogans that were similar and he really sucked. I think Obama’s likely to turn out the same way.”

I will only say that if you had taken just half an hour to read the hundreds of articles on my blog you would have discovered that I have criticized the Bush administration and the Clinton administration in the past when appropriate as well. You have missed the whole point of my article, which was to open up minds by pointing out things that people do not see on the surface. If the Obama administration was taking the right steps to fix this crisis I would gladly praise Obama. This is not about my political affiliations but about my hope to institute a sound monetary system.

Lastly, I would counter another of your points by saying that Mexico, as our neighbor to the South, has a huge impact upon the political and economic state of the United States.

JS

]]> By: Katherine Granucci http://www.theundergroundinvestor.com/2009/03/8-reasons-why-the-obama-administration-will-not-solve-this-crisis-by-the-end-of-2009/comment-page-1/#comment-45261 Katherine Granucci Mon, 23 Mar 2009 21:26:48 +0000 http://www.theundergroundinvestor.com/?p=783#comment-45261 Until I see Obama investing in a recurring income strategys & not just throwing money at a problem & draining our reserves in the meantime that could be put to better use, I will continue to worry that we are still headed toward a DEPRESSION. I don't see Bernanke qualifiying any of his statements - he's just giving the cries of the USA a pacifier for awhile. They need to stop playing games & simply give everybody a 4.5%fixed rate on their homes & if that's not good enough - you deserve to loose the property -- PERIOD. That way no one can say they didn't get a fair deal & it would save the banks in the long run because they wouldn't need the modification departments any more. The employees could handle all the sales coming in, while the foreclosures dried up. A fresh start! They got us into this mess, they could then get us out of this mess...they owe us that for allowing the terrible strategys in the bad loans to begin with. They should of known this would happen - Greenspan should have his assets seized & liquidated to pay for part of what he allowed. Deregulation was just plain STUPID! Whoever signed for that including Bill Clinton, should have their assets seized & liquidated to pay those that lost their homes because of this. Franklin Raines who provoked Clinton to deregulate & now works for Obama should be out of a job. Taking 100M for himself & giving Obama 100M too -- we the people are in big trouble. Until I see Obama investing in a recurring income strategys & not just throwing money at a problem & draining our reserves in the meantime that could be put to better use, I will continue to worry that we are still headed toward a DEPRESSION.

I don’t see Bernanke qualifiying any of his statements – he’s just giving the cries of the USA a pacifier for awhile.

They need to stop playing games & simply give everybody a 4.5%fixed rate on their homes & if that’s not good enough – you deserve to loose the property — PERIOD. That way no one can say they didn’t get a fair deal & it would save the banks in the long run because they wouldn’t need the modification departments any more. The employees could handle all the sales coming in, while the foreclosures dried up. A fresh start!

They got us into this mess, they could then get us out of this mess…they owe us that for allowing the terrible strategys in the bad loans to begin with.

They should of known this would happen – Greenspan should have his assets seized & liquidated to pay for part of what he allowed.

Deregulation was just plain STUPID! Whoever signed for that including Bill Clinton, should have their assets seized & liquidated to pay those that lost their homes because of this.

Franklin Raines who provoked Clinton to deregulate & now works for Obama should be out of a job. Taking 100M for himself & giving Obama 100M too — we the people are in big trouble.

]]> By: VR http://www.theundergroundinvestor.com/2009/03/8-reasons-why-the-obama-administration-will-not-solve-this-crisis-by-the-end-of-2009/comment-page-1/#comment-45253 VR Mon, 23 Mar 2009 06:35:45 +0000 http://www.theundergroundinvestor.com/?p=783#comment-45253 Those aren't "8 reasons the Obama Administration won't have solved the crisis by the end of 2009". Take #5, "Vicente Fox in 2000 had slogans that were similar and he really sucked. I think Obama's likely to turn out the same way." Newsflash: every candidate from a nonincumbent party ALWAYS runs on change as a slogan! The implied analogy that governing Mexico is somehow similar to governing the US is just silly on its face. #6 is silly, too. Maybe there are good reasons why they can't just stop the bonuses? For example, there are news reports that AIG's CDS contracts go into default if they default on any commitment >$25m. If you've decided AIG can't go under without taking out the US economy, then you may have to do some things you don't like as part of the larger goal. On #7, first off, your statement of fact is wrong--$3.5 billion in bonuses wasn't paid to "executives", it was paid to the rank and file employees. More importantly, it was part of a franchise (the Merrill Lynch Brokerage Division) that was an acknowledged asset--it's a self-contained profitable unit of Merrill, and could have been sold off separately at any point. This AIG Financial Products group, on the other hand, should be bankrupt. One senses someone just doesn't like Obama. Those aren’t “8 reasons the Obama Administration won’t have solved the crisis by the end of 2009″. Take #5, “Vicente Fox in 2000 had slogans that were similar and he really sucked. I think Obama’s likely to turn out the same way.” Newsflash: every candidate from a nonincumbent party ALWAYS runs on change as a slogan! The implied analogy that governing Mexico is somehow similar to governing the US is just silly on its face.

#6 is silly, too. Maybe there are good reasons why they can’t just stop the bonuses? For example, there are news reports that AIG’s CDS contracts go into default if they default on any commitment >$25m. If you’ve decided AIG can’t go under without taking out the US economy, then you may have to do some things you don’t like as part of the larger goal.

On #7, first off, your statement of fact is wrong–$3.5 billion in bonuses wasn’t paid to “executives”, it was paid to the rank and file employees. More importantly, it was part of a franchise (the Merrill Lynch Brokerage Division) that was an acknowledged asset–it’s a self-contained profitable unit of Merrill, and could have been sold off separately at any point. This AIG Financial Products group, on the other hand, should be bankrupt.

One senses someone just doesn’t like Obama.

]]> By: Debra J Frank http://www.theundergroundinvestor.com/2009/03/8-reasons-why-the-obama-administration-will-not-solve-this-crisis-by-the-end-of-2009/comment-page-1/#comment-45251 Debra J Frank Sun, 22 Mar 2009 23:37:58 +0000 http://www.theundergroundinvestor.com/?p=783#comment-45251 J S Kim...you are straight on - RIGHT, about everything!! I have been troubled by the GCC unpegging from the US Dollar & Kuwait already out. Nobody I talked to seemed to care or view it as a problem?? I can see now, by your post how the USA could try to run down the oil price. Makes perfect sense. Saudi 's just made a huge play on gold in Dec 08, I think... From one LONGHORN to another, Thanks so much, Debra J S Kim…you are straight on – RIGHT, about everything!! I have been troubled by the GCC unpegging from the US Dollar & Kuwait already out. Nobody I talked to seemed to care or view it as a problem?? I can see now, by your post how the USA could try to run down the oil price. Makes perfect sense. Saudi ‘s just made a huge play on gold in Dec 08, I think…

From one LONGHORN to another,
Thanks so much,
Debra

]]> By: sheeple123jump http://www.theundergroundinvestor.com/2009/03/8-reasons-why-the-obama-administration-will-not-solve-this-crisis-by-the-end-of-2009/comment-page-1/#comment-45236 sheeple123jump Fri, 20 Mar 2009 03:00:15 +0000 http://www.theundergroundinvestor.com/?p=783#comment-45236 and to add a thought ,from the most recent example of the game....march 18 ,Fed action to blast off the 'recovery'... to see it for what I think it is.... (I'm no expert...yet...) but I suspect the timing has to do with waiting as long as they could after march 1 to see how the market sentiment is going....seeing that its not moving forward as they want... knowing that more downward spiral is likely, they have to make a move now, before april 15 (tax day).... jumpstart the fake recovery, and hope for the best in the next 4 weeks... then, when the "high" wears off, if the timing coincides with a top in gold at 1000....crash gold down and ....hope for the best... etc etc...then, what next.... more dog and pony show to create public opinion, ...and after that...something agressive politically/military threats maybe.... to keep other countries in line.... etc etc.... is this the kind of thing we have to learn, how the game is played. ?? Today, after many hours of study, I garnered the insight, that what is happening in this "Global Economy" is something like.... the playing out of World War 3.....as an economic war instead of a military war. I would like to hear you comment on this idea. Politics ,military brinksmanship, terrorist acts,economic alliances, central bank actions, etc.....are All interconnected...and the Elite powers in control of this Game....are actually cooperating to keep it in some form of balance...but struggle at times,of power imbalances,disagreements that cause skirmishes and frustrations,threats and minor disasters,body blows like a kick in the groin,(vis. the Mumbai Terrorist event) to keep allies in line,etc....very complex puzzle game...not just a simple issue of ...."Investing"....its more like the Critical Balancing Act of Economic war/brotherhood,for the 21 st century....because this is what passes for modern 'evolution'....because the alternative to this kind of conflict (economic)....is military, and the destruction of the whole world. what a fun game to play..... how do I get in on it ?? and to add a thought ,from the most recent example of the game….march 18 ,Fed action to blast off the ‘recovery’… to see it for what I think it is…. (I’m no expert…yet…) but I suspect the timing has to do with waiting as long as they could after march 1 to see how the market sentiment is going….seeing that its not moving forward as they want… knowing that more downward spiral is likely, they have to make a move now, before april 15 (tax day)…. jumpstart the fake recovery, and hope for the best in the next 4 weeks… then, when the “high” wears off, if the timing coincides with a top in gold at 1000….crash gold down and ….hope for the best… etc etc…then, what next…. more dog and pony show to create public opinion, …and after that…something agressive politically/military threats maybe…. to keep other countries in line…. etc etc…. is this the kind of thing we have to learn, how the game is played. ??
Today, after many hours of study, I garnered the insight, that what is happening in this “Global Economy” is something like…. the playing out of World War 3…..as an economic war instead of a military war. I would like to hear you comment on this idea.
Politics ,military brinksmanship, terrorist acts,economic alliances, central bank actions, etc…..are All interconnected…and the Elite powers in control of this Game….are actually cooperating to keep it in some form of balance…but struggle at times,of power imbalances,disagreements that cause skirmishes and frustrations,threats and minor disasters,body blows like a kick in the groin,(vis. the Mumbai Terrorist event) to keep allies in line,etc….very complex puzzle game…not just a simple issue of ….”Investing”….its more like the Critical Balancing Act of Economic war/brotherhood,for the 21 st century….because this is what passes for modern ‘evolution’….because the alternative to this kind of conflict (economic)….is military, and the destruction of the whole world.
what a fun game to play….. how do I get in on it ??

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