Obama Says "Recovery Summer" But The Fed Says Recovery Will Take 5 or 6 Years

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Sat, 07/17/2010 - 15:15 | 475432 kevinearick
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The Religious Marriage Kernel Function

Religious marriage is a squid tracking device, that sets the gap between the digital and analog economies, the present and the future. As an un-enumerated power, protected by enumerated individual rights to freedom of speech, assembly, and religion, and common law liberty and property rights to occupation, it has survived every empire and church in History, because it maintains the NPV window, hiding the electron from the squid’s irresistible urge to liquidate equity built up over generations for immediate consumption. It’s a tool, a pressure switch, that accurately measures squid activity.

They never see it coming. Each and every exploitation economy convinced itself that the planet was a stupid rock to be exploited, along with everyone that did not covet money. $100-250Million for the privilege of serving the public as Governor of California? That depends on how one defines service, and numbers in a computer.

Ask any mathematician, money is nothing more than a number. Only play poker when you can take your winnings off the table in real time, for immediate conversion into productive capacity. A digital computer cannot think. All it can do is algebraic reduction. Do not get reduced.

They cannot re-boot the economy without religious marriage. It’s a pass-by-reference parameter. You didn’t actually think we trusted the squid to be anything other than a squid?

Thu, 07/22/2010 - 22:25 | 484851 tip e. canoe
tip e. canoe's picture

keep em comin amigo...keep em comin

Fri, 07/16/2010 - 10:58 | 473393 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Obama is nothing more than a suit who does what he is told. He cares less whether it works or not. It keeps his cronies happy and they continue to support him. No spine whatsoever.

"Some of those that work forces, are the same that burn crosses
Killing in the name of!
Killing in the name of
And now you do what they told ya"

Fri, 07/16/2010 - 10:57 | 473386 MarketTruth
MarketTruth's picture

C'mon, give the stupid sheeple some hope for change. They loved being deceived and lies too because it sounds good no matter what the REAL FACTs are. BHO did say he'd get the troops home, that no backdoor deals would happen in congress, fully transparent negs during bills...

End no-bid contracts above $25,000

Allow five days of public comment before signing bills

Allow bankruptcy judges to modify terms of a home mortgage

Reduce earmarks to 1994 levels

Create a public option health plan for a new National Health Insurance Exchange.

And too many more to list here of broken BHO promises. Buy her Sheeple, this is Recovery Summer. Can i get an Amen. AMEN!

Fri, 07/16/2010 - 10:42 | 473334 anony
anony's picture

Right now the plans are being laid if they haven't already been solidified for QE 2.0.

This will be announced just prior to the November elections, imagine that.

Quel surprise.

The ONLY play for this next 2-3 trillion dollar effect is how to play it. 

Nothing else should concern any investor.

Fri, 07/16/2010 - 10:10 | 473250 Gimp
Gimp's picture

Totally clueless, hopey, changey thingy.

Do you think he has realised he has no real power yet?

Fri, 07/16/2010 - 09:18 | 473182 williambanzai7
williambanzai7's picture

A consummate jackass

Obama will soon learn there is nothing more frustrating than a mechanic who insists there is nothing wrong with the car.

Fri, 07/16/2010 - 10:51 | 473365 kaiserhoff
kaiserhoff's picture


Not only a failed presidency, but living in his own bubble. 

Fri, 07/16/2010 - 10:11 | 473251 Translational Lift
Translational Lift's picture

Uhhh....Nothing wrong with your I-Phone......

Fri, 07/16/2010 - 09:05 | 473162 Astute Investor
Astute Investor's picture

Never let the facts get in the way of your sales pitch.....

Fri, 07/16/2010 - 09:00 | 473151 DavidC
DavidC's picture

For people so well educated, they show a remarkable lack of awareness of the real world. They base their views on a 'return to normalcy' (i.e. normality) on the fact that we've had basically a 50 to 60 year bull market.

If we are now into a different, new secular period (credit contraction, downsizing etc) any assumptions based on their lifetimes are going to be WRONG.

I saw a piece on MarketTicker yesterday where Alistair Darling is STILL basing his views on a liquidity crisis rather than the DEBT and CREDIT crisis



Fri, 07/16/2010 - 10:19 | 473275 Translational Lift
Translational Lift's picture

"For people so well educated, they show a remarkable lack of awareness of the real world." 

Having a sheepskin that says you are "well educated" does not equate with being honest or having good sense to use the said education.....

Fri, 07/16/2010 - 09:22 | 473187 centerline
centerline's picture

The timeframe over which perception is based is so long that people really don't have a sense of "normalcy."  Right on.  I try to explain this to people and almost always get the "deer in the headlights" look.  The games that being played are decades in the making at minimum - and the average person has an attension span of a doorknob.  Gonna be a rough ride as people wake up and realize that they are going to have to choose between an iphone and food.

Fri, 07/16/2010 - 10:39 | 473320 anony
anony's picture

Likely 75% of the world population has a very strong attention span.

But their attention is usually focused on denial, lies they tell themselves, and others, and according to what I've gleaned from various surveys, their suspension of thinking, because it's too hard to do. The average person watches 4-6 hours of boob tube a day. Their attention is fixed on that for sure.

Complexity, nuance, and grey areas are not something most people seek out, just the opposite.

Give me a Kim Kardashian plot line every time and I can concentrate like a laser beam.

Fri, 07/16/2010 - 08:55 | 473146 Popo
Popo's picture

In late 2005 the news media was still talking about the Bush recovery.

In 2006 and 2007 we were in the biggest bubble in history.

In 2008 we began talking about the recovery from the financial crisis.

So I guess we had a little more than 2 years of a market that was considered "recovered" -- even though it was in a bubble?

When exactly was the economy "okay"?  What exactly are we trying to recover "to"?





Fri, 07/16/2010 - 09:17 | 473183 centerline
centerline's picture

Bingo.  Bubblenomics.  And we are technically still in one - per se.  Just nevermind the huge holes and air rushing out - or the technical targets on the DOW, S&P, etc.

The only real questions now relate to whether or not the powers of the world can draw this disaster out in controlled manner (to thier benefit of course), or they cannot and things get ugly - and if they cannot and things get ugly, whether a war or other mechanism can be crafted, or we simply go apeshit into some sort of new order (or lack thereof).

Fri, 07/16/2010 - 09:14 | 473180 Burnbright
Burnbright's picture


Fri, 07/16/2010 - 08:49 | 473137 CosmoJoe
CosmoJoe's picture

Obama knows the economy is in shambles.  Politicians are in business to do one thing; make themselves and their policies look as good as possible.  You will never see Obama, or any other politician, admit to any mistakes unless absolutely forced to do so (Clinton & Lewinsky, etc) - and even when forced to do so, will only admit or apologize to the bare minimum required.

Fri, 07/16/2010 - 13:00 | 473176 Astute Investor
Astute Investor's picture

Politicians are in business to do one thing; make themselves and their policies look as good as possible.



From the first day they were elected to office, all politicians remain in a perpetual state of running for re-election.....


"Do you know what every first-term administration wants?  A second term!"

- Clear And Present Danger -

Fri, 07/16/2010 - 08:40 | 473118 MarketFox
MarketFox's picture

Obamanomics= Political rhetoric and harmful economics....


Financial reform = FAIL

Health reform = FAIL

Energy Independence = FAIL


See the pattern ?


The 2006/7 numbers in terms of credit and asset valuation = 100/100....

The uncovering of false assets made the number 60/100...

The further monetary dilution and false low rates will make the ratio drop even further....

The implementation of policies that devalue businesses in general are built into the "new" policies....

Obamanomics = Economics Incompetence




Fri, 07/16/2010 - 08:38 | 473112 the not so migh...
the not so mighty maximiza's picture

So we know what the teleprompter thinks, but what does the president think?

Fri, 07/16/2010 - 08:37 | 473111 tip e. canoe
tip e. canoe's picture

anyone else smell a faint odor of...desperation?

Fri, 07/16/2010 - 10:58 | 473389 kaiserhoff
kaiserhoff's picture

Wish I did.  I'm not sure they're smart enough to understand that this puppy has to crash and burn.  Where are those Columbia transcripts?  Was it liesure studies or liberation theology?

Fri, 07/16/2010 - 08:24 | 473096 Translational Lift
Translational Lift's picture

Since when did the bamma ever let facts get in the way of his BS........

Fri, 07/16/2010 - 07:58 | 473072 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Propoganda, it's all fascist governments know.

Fri, 07/16/2010 - 07:57 | 473070 10044
10044's picture

Who says Obummer "reads" anything?? He says what he's told to say

Fri, 07/16/2010 - 11:41 | 473500 4shzl
4shzl's picture

Barry O. -- aka the Manchurian candidate.

Fri, 07/16/2010 - 07:52 | 473067 Gully Foyle
Gully Foyle's picture

Recovery! No Mad Max future!


I was so looking forward to reaving Gold from ZH members.

There goes my retirement plan.

Fri, 07/16/2010 - 07:08 | 473053 Eric Cartman
Eric Cartman's picture

What a jack wagon! He think's Americans are dumb enough to continue believing his nonsense. If I ever see Obama, I'm gonna kick him in the nuts.

Fri, 07/16/2010 - 10:59 | 473398 docj
docj's picture

Well, to the extent that the poll called out in this morning's "Daily Highlights" can be believed, the jack-wagon may be absolutely spot-on in that belief.


Fri, 07/16/2010 - 08:44 | 473128 Sudden Debt
Sudden Debt's picture

99% of the population will take that pill, because television never lies according to them.

Fri, 07/16/2010 - 04:24 | 473014 Privatus
Privatus's picture


Fri, 07/16/2010 - 04:24 | 473013 Privatus
Privatus's picture


Fri, 07/16/2010 - 09:09 | 473171 Mitchman
Mitchman's picture

You can say that again.  :-)

Fri, 07/16/2010 - 02:46 | 472966 agrotera
agrotera's picture

 "President Obama is pinching his stimulus plan today in Michigan" 

...this comment is rude, disgusting, scatilogic, yes but really folks, it kind of sounds more like the truth of what happened in Michigan today.


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