As Global Markets Crash, Obama Goes On Vacation

Tyler Durden's picture

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.