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As Global Markets Crash, Obama Goes On Vacation
The president, after a whirlwind media tour, has begun his much deserved vacation at Martha's Vineyard. We wonder what is the market bloodbath threshold for Obama to announce he is cancelling it, and is rolling up his sleeves to get stocks higher -3%? -5%? Here is the president's complete daily schedule:
- 10:30 am - Meets with senior economic advisers
- 11:50 am - Meets with national security team
- 3:30 pm - Departs White House
- 5:15 pm - Arrives Martha’s Vineyard
By then the market should be, thankfully, closed.
Here are some perspectives from Politico: "President Barack Obama relishes his Martha’s Vineyard vacations, but America is replete with holiday destinations — some more politically suited to tough economic times. Obama’s critics say he should cancel the trip he begins on Thursday, noting that 14 million people are out of work. Even some allies suggest he should relax among the masses instead of choosing the posh island for the third time in three years. “The president should be where ordinary Americans go,” said Doug Schoen, a Democratic consultant who advised former President Bill Clinton."
And some more perspectives:
President Obama leaves today for a 10-day summer vacation on Martha's Vineyard but once again faces Republican criticism that he's taking time off while the country faces tremendous problems, the Boston Globe reports.
The Chicago Sun Times notes that this is Obama's ninth vacation since taking office and has spent all or part of 38 days on vacation away from the White House. He has also made 14 visits to Camp David spanning all or part of 32 days, for a total of 70 days.
In contrast, former President George W. Bush, at this point in his first term, had made 14 visits to his Texas ranch spanning all or part of 102 days and also made 40 visits to Camp David spanning all or part of 123 days. His vacation total at this point in his presidency was all or part of 225 days away.
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Yes we can!!!
*shakes head forlornly*
http://azizonomics.com/2011/08/17/job-creation-101/
This man needs a break. Geez. Shouldn't everyone have time off (regardless of whether its all the time?)
I wonder if he is using his paid leave or sick day account for this one.... Both have to be depleated by now..
At last, some thanks for the hard work of our ELECTED politicians. These spoiled brat libertarians will look back on this day and thank our congress for the courageous work they are doing. It's easy to complain about the world's problems, but our politicians are tirelessly solving them every day.
Your sarcasm is dripping...all over my boobs.
Yes the politicians are tirelessly attempting to solve the problem of having solutions.
Marry me.
acidulated boobs are good for a sugary heart. It adds balance where it is badly needed, when biflation and stag-deflation are both dangerous prospects, in a night full of roller coaster rides which accepts no compromise.
"When the sun goes down, the tide goes out,
The people gather 'round and they all begin to shout,
Hey! Hey! Uncle Dud,
It's a treat to beat your feet on the Mississippi Mud,
It's a treat to beat your feet on the Mississippi Mud."
You realize, this is the GOP's fault. If we just had an overwhelming Democratic majority in Congress, like we had for 2 years up to just 8 months ago, we could have tax increases everyone wants that would solve all these problems.
The reason we didn't have those tax increases was we forgot.
Timmy Geithner's 50th B-Day today, can let Obamas 500 point loss on his birthday beat little timmy.
and NO, you can't.
Hugo Chavez: Barry, I want my MF gold
Barack Obama: Listen Hugo, how about shares in the GLD and a cash bonus instead
Hugo Chavez: Barry, I want my MF gold
Barack Obama: Okay, we'll thrown in some friends and family shares and cut you in on the Groupon IPO
Hugo Chavez: Barry, I want my MF gold
Barack Obama: Listen Hugo, we tricked you fair and square and now its time to move on.
Barack: Should you be talking to Jamie the Greek?
SHOW ME THE TRADITION!
pods
Perhaps O'blahhhhma could threaten ATF gun laundering or offer a Wells-Fargo drug laundering account. Sticks and carrots - it's not just for Republicans anymore.
Actually, I am of the mind that having Obama go on vacation (and be silent) for a while is probably a good thing Tyler. Let the grown-ups handle this please.
Here, here.
point one out.
WTF is that supposed to mean? Grown ups like Jamie Dimon?
What does it mean? You're not supposed to ask that!
From what I've gathered, it's code for "austerity for the bottom 80%" and "long live TBTF" propagandists.
Yes, I agree!
And let's be fair to Barry....since he is most likely not allowed to smoke crack any longer, his addictive personality has to be addicted to SOMETHING! And Martha's Vineyard is SOOO addicting! You can see photos of him actually wallowing in his addiction: shoving an ice cream cone in his mouth, riding a bike wearing his cute little helmet....
I have a feeling we won't be seeing pics of his frequent soires on deck of the gargantuan yachts in harbor. I was really looking forward to that!
Lesson: When you are jones-ing for Martha's Vineyard, not even an apocalyptic economy can keep you away. It's not his fault, folks....they just haven't organized an MVA group yet...Martha's Vineyard Anonymous!
Yes, I agree!
And let's be fair to Barry....since he is most likely not allowed to smoke crack any longer, his addictive personality has to be addicted to SOMETHING! And Martha's Vineyard is SOOO addicting! You can see photos of him actually wallowing in his addiction: shoving an ice cream cone in his mouth, riding a bike wearing his cute little helmet....
I have a feeling we won't be seeing pics of his frequent soires on deck of the gargantuan yachts in harbor. I was really looking forward to that!
Lesson: When you are jones-ing for Martha's Vineyard, not even an apocalyptic economy can keep you away. It's not his fault, folks....they just haven't organized an MVA group yet...Martha's Vineyard Anonymous!
Maybe he can fit in a quick TV appearance from the Vineyard. That always calms the markets....lolololololololol.
has he packed the teleprompter ?
Whddaya mean?
He IS the teleprompter!
All hail the king of the Telly
Don't mind that rumbling belly
For of change there is hope
And infinite scope
Of blaming it all on New Delhi
ORI
http://aadivaahan.wordpress.com/2011/08/12/crop-circle-craziness-and-tho...
PS: H/T to the Limerick King, surely an inspiration
WTF no Golf?
He must be frustrated with his short game lol.
I mean all that walking around and holding titanium sticks probably takes alot out of the man. Also the wife and kids need a break from their paid African visits.
Dagny, When are you going to shoot the second half of your movie, cause 1/2 of atlas shrugged just doesn't get it ??? ;-)
http://www.atlasshruggedpart2.com/
+100
any estimates on how much this vacation costs taxpayers? does he pay any out of pocket or all taxpayers? how many people in his entourage that we have to pay for?
"does he pay any out of pocket or all taxpayers?"
Haha... you kid right?
HOPE I get to go on vacation more while you are searching for CHANGE in your pockets to buy food, housing...
HOPE they don't notice I haven't paid the mort in months or I may be forced to CHANGE my address.
The more time they spend on vacation the less time they have to screw something up.
I don't know about that.
Say what you want about Obama, but nobody screwed the pooch worse the W. Nobody. And no President spent more time on vacation.
Full Disclosure:neither a republican or a democrat. pro rule of law.
no fan of W
but your talking points are straight from Politico
there is afterall a slight diff between the Vineyard and asslick Texas, which W called home (which Politico, MSBS etc. luv to count as vacation time)
You know, when I leave work in the afternoon and head to that building that I own that has all my stuff, I don't really consider it a "vacation".
Neither does anyone else in the world, except for the MSM when it comes to W.
If O wants to spend some down time at his Chicago home, more power to him. Only those with some sort of derangement would begrudge him that.
But saying that jaunts to Europe and Martha's Vineyard are in the same category as going to your own home (or even Camp David) is downright rediculous.
he knows hes not getting re-elected.....hes just trying to milk US taxpayers while he can! would RP go on vaca whist SHTF? I dont think so....
Midwest bus tours are sooo stressful!
nero fiddled, obama does eagle birdie on 5
on the bright side, no cell phones on the course, so he doesn't have to worry about the market...out of sight, out of mind
After a couple of foot wedges!
The wheels of the bus go round and round.
The doors of the bus go open and shut.
The riders on the bus go bumpity bump.
The wipers on the bus go swish swish swish.
The doggies on the bus go bark bark bark.
http://www.youtube.com/watch?v=oh99A86HraY
gold is going up. gold is currency. you can move around with gold in your pocket and not worry about it.
jim cramer cnbc 8 18 2011
What a tool bag. The guy is almost as bad as Jon Nadler.
I don't watch much MSM news but I turned on CNBC this morning for shits and giggles. Cramer just said financials and technology stocks are no place to be. Wasn't it Cramer that was touting BAC just a couple of months ago?
http://www.amazon.com/Trading-Enemy-Seduction-Betrayal-Cramers/dp/006008...
in his book, trading with the enemy, a man named Nicholas Maier, talked about what it was like working for jimbo cramer. among other things he talked about how cramer used cnbc to pump the stocks he wanted pumped so he could then dump them. and now he works there. imagine that.
sounds logical, mother feeds her pump n dump prodigal son, home from the killing fields.
Sell!
Ha ha. JC, the ultimate contrarian play.
Herro from the cockpit, this is your captain speaking. As you can see, it appears that we are going down. Now would be a good time to refrect on your life, and pray to whatever deity you believe in. Thank you for flying Shitty Airlines. We know you have a choice in airlines, and it rooks rike you made the wrong one.
I'm soooo ronnery! So ronnery!
http://www.youtube.com/watch?v=HVL6ZJoWGxw
Barack Barry Hussein Soetoro Obama what's his name...
is toast!
Look on the bright side ... only 18 months of this guy to go.
Assuming Ron Paul gets elected. Otherwise it will be more of the same.
And then 4 years of the bachmann?
Cause that is going to be change you can believe in!!
How's that change you believe in going for you? Do you wake up and HOPE you have some CHANGE for the subway?
Thanks, Lucy, you've made me feel SO much better.
/post of Michelle's corndog photo-op./
MAYBE SHE WILL CHANGE HER DIET. Its easier than changing the WS team that came with the job for the current incumbent. He was tied up to his shoe laces by the Squid. Lock, stock and barrel.
Please leave the Hegellian Dialectic at the door.
I'm glad someone else here knows about that! One of my pet topics to study...
You see it EVERYWHERE these days!
I'm glad someone else here knows about that! One of my pet topics to study...
You see it EVERYWHERE these days!
"only 18 months of this guy to go."
Supposedly, the world was created in seven days and things are much more easily destroyed than created.
I'd be more concerned about the next 18 days.
18 hours.
This guy takes off more vacation time than any average Joe I know.
lets see a 10 day vacation on August 18, should lead him perfectly to his return for the long Labor Day holiday weekend .......who said obama did have long term vision
The Prez: I've worn my hands to the bone.
WallStreet: You've got the best hands in the business:
The Prez: It's time I went on my 10th vacation of the year.....it's tough being me.
WallStreet: That will be fine....you go to Martha's Vineyard. We'll see you there and make sure you bring the KY.
1.6 Million Americans who've lost their 99 benefits: Via la Revolution!
This is a celebratory vacation. He's congratulating himself for a job well done.
The race is on: End of the term or end of America.
Not mutually exclusive.
Oh no! How will I get my daily fix of teleprompted panglossian platitudes?
not to worry
you'll get shortsleeved impromtu remarks from the front porch of the Vineyard digs
Why does Obama need to be around when we have the PPT? FRBNY is our saviour, not the POTUS.
But what could he do if he cancelled the vacation?
Well, he could get out there and help Michelle weed that damned garden!
The national security team should take him to the Martha Stewart's cell instead...
“The president should be where ordinary Americans go,”
Yeah right. Like THE ONE will go where the sheeple go...
Should take some out of work families on vacation with him. So many families just like all of us here on this board are going to food pantrys, churches, etc. and receiving food to feed their children. Most are signing up for food stamps, welfare, ec. now that they no longer have unemployment benefits.
This many has no soul.
Freudian slip of truth there...535 many.
I am not sure what useful purpose is served by "vacation carping." I did not support that kind of childish criticism against any of the last several US presidents. The last time I recall engaging in trite banter of that nature was when I felt certain Ronald Reagan was already in the advanced stages of Alzheimers disease by, say, 1984, let alone his entire second term.
Separate and apart from skepticism, no useful purpose is served by implying, directly or indirectly, that a US president cannot go on vacation because world problems, of one sort or another, are out of control and that it's all that president's fault.
More maturity in discussion is recommended.
Word.
he bravly ran and bravly fled to the fuhrer bunker ,all those incoming gold silver rounds. and everyone learns ayn rands thoughts on avoiding reality
Did you hear this joke last night on Letterman?
Obama wrapped up his midwest bus tour today. At a town hall meeting he took responsibility for the country's economic woes.
PAUSE
No, he didn't. He blamed Bush.
LAUGHTER
Yeah, me neither.
Obama's handlers would like him to step into the background for a couple of weeks until the start of QE3.
Martha's vineyard will be full of Chavez's gold hauled in there by US army trucks from the JPM vaults.
Potus : Wanna play poker with me Hugo? COme and up the ante. Treasure island is with me right here, compadre.
Chavez : I'm James Bond to your Dr NO. I'll bring Honey Rider with me and we'll clean you out, nukes or dukes aside. You know our Venezuelan chicks are so hot they'll make JALAPENIS blush with shame.
Potus : Thanks for the tip. I'll tell Michelle and the kids to head for Camp David, for security reasons. Then we can really play for jackpot, Jack ass. Honey Rider will find out who is Bronco Apache this side of the Pecos.
Chavez : Amigo you will be one flaccid Impotus when we finish with you. Tell your teleprompter to stay on focus. Vamos, we come. Castro took the UN, I can do better and take Martha, like a corn dog eater, and her vineyard for dessert.
Potus : Untll heel freezes over! PILGRIM.
This guy is a fucking CLOWN
Hopey the Clown
"By then the market should be, thankfully, closed."
A few more openings like today's, and Martha's Vineyard and other presidential weekend destinations will also be closed.
It seems to me that with the exception of various formal meetings, public PR appearances and teleprompter readings this man has BEEN on vacation since he took office.
So, why should I be more concerned about Barry going on vacation than most of congress going on vacation to Israel?
Was there a jobs bill on his desk to be signed?
Is there anything he could do alone to help with jobs?
Is there anything he could do with a Pug-controlled House to help jobs?
Or are you just taking free swings because the opportunity has presented itself and it makes you feel empowered?
if the US were a corporation
the CEO and management team would be in the board room not on board a plane to holiday heaven
Unless that corporation is Enron...or NewsCorp...or...
He COULD be figuring out how to cut the budget. Or he could be coming up with an energy policy that goes beyond subsidies to drillers. Or he could be figuring out how to end 3-4 wars. Or he could be figuring out how to improve the crumbling roads, bridges, sewer systems, electric grids or mass transit. He could be coming up with a health care plan that actually cuts costs.
But instead he fucks around waiting for others to lead. This is not change.
I would like him to stay there. Just go sit down somewhere.
I can't wait for WB7's interpretation of O's vacation
He goes on vacation, so what? What do you want him to do, suspend his vacation so that he can convene a panel to have a campfire to talk about why the entire financial system is insolvent? Then what? When are some of you going to realize that there is nothing that the President or Congress can do short term to fix a long term structural debt issue that is a worldwide issue, and not just a US issue? Also, get ready for another major conflict or attack. IN MY OPINION (have to put that disclaimer)
Whats the big deal? what the fuck is he going to do anyway? Teleprompt the bids and quotes over the airwaves?
unerasing erased loses
Stockholm ^OMXSPI now down 5.1%, but those guys know how to turn a 394 foot large hill jump into a soft landing.
The fact that he has gone on Vacation shows that him and his group of advisers is still completely out of touch with the magnitude of the problem that is rapidly approaching. For example they belittle S&P even though S&P did not go far enough with it's downgrade.............
No...they know EXACTLY what the dealio is....he is just getting in as many posh vaca's as he can before his handlers expend him!
The more time spent away from DC, the better.
Of course he's on VACATION! Before entering politics, the guy never held a job. His resume is BLANK, he's done nothing and continues to do nothing! Nuff said.
What the fuck does Obama going on vacation have to do with the markets tanking? They would be doing the same thind if he was sitting at his god damn desk in the oval office.
True. But he's the supposed captain of this ship, and even if we've already hit the iceberg, the captain should stay at the wheel.
We wonder what is the market bloodbath threshold for Obama to announce he is cancelling it, and is rolling up his sleeves to get stocks higher -3%? -5%?
Surely zh hasn't become an advocate of more market manipulation?
my guess is he pulls it if worse than (-7%)
That was an odd non sequitur.
When the going gets tough....fuck it...hit Martha's Vineyard!
Blame it on Hugo Chavez. There goes gold baby!!!!!!
http://www.bloomberg.com/news/2011-08-18/chavez-emptying-bank-of-england-vault-as-venezuela-brings-back-gold-hoard.html
Check out the 10 year at a new low. The flight to safety, perceived or otherwise, is going balls out.
Obama was dealt a terrible hand and he has not played it well. However its rich for the media who never complained about Bush being on constant holiday to start enumerating every dollar spent on airforce one and every day he has off. The fact is he can do nothing until the supercongress acts. Well thats not exactly true.
He could pardon all the people in jail for pot offences especialy the prince of pot Mark Emery.
http://www.cannabisculture.com/articles/4639.html
The first time in his term he has faced even mild critisim and all the "Bushes Fault" flakes come out of th woodwork. Newsflash: It's Odumbos mess and instead of trying to clean it up all he does is climb the pile and take another shit on top. Don't like that statement. Tough shit. That's the truth of it and just like his predecessor he's not getting it done. So now it's his turn to have his balls burned with a magnifying glass. Only problem is, the closest he's gotten to that is a 10 watt bulb with a torn filament. He gets a pass on EVERY incompetent move and EVERY lie. Great way to keep the lemmings divided. We're truly fucked because of so many morons screaming "Bush did it"..."Clinton did it"..."Bush Senior did it"... "Reagans fault".... etc. etc. Wake up, the corruption goes deep and the divide and conquer game plan has worked wonderfully on the sheep.
be nice to see him take a permanent vacation via impeachment. The side benefit is Congress would be totally absorbed in the process meaning they wouldn't have time to fuck up anything else.
I wonder if the big guys the Bildberg board of directors have already got their ducks in a row and letting the shit hit the fan will only make them richer and more powerful?
Tyler, nice job posting this article yesterday morning.
http://www.zerohedge.com/news/behind-scenes-liquidity-scramble-europe-one-bank-borrows-500mm-emergency-cash-ecb
I'm definetly no Obama fan, but this is all cry baby bullshit. The president is not on a vacation as we understand it. It's a working vacation just like the president before him and the one before that and the one before that and the one before that....etc etc etc
Does it matter from where he makes his disatrous decisions? GAY Head or Washington DC it's all the same bullshit.
*donning tinfoil hat*
What better place to be than an island when TSHTF, some hand-picked troop and resupply by sea and the rest of the country can go to hell.
OR...
What better place to be when "Iranians" nuke Washington DC.
*removing tinfoil hat*
See, this game is fun!
Sadly the truth is he is just an incompetent, out of touch ass-clown...
http://media.zenfs.com/en_us/News/AFP/photo_1313005133565-1-0.jpg
That's one lazy teleprompter!
Maybe I havent been paying attention for awhile but what happened to the ability to mod up or down peoples replies?
The man has the right to his own vacation. I mean I understand it, his job puts him into a lot of pressure, let's not pretend he's some sort of god. It's true he doesn't have to figure out how to make the money for his vacation but he pays a price for it that's for sure.