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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.

 

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Thu, 08/18/2011 - 09:24 | 1572341 Dick Darlington
Dick Darlington's picture

Yes we can!!!

Thu, 08/18/2011 - 09:26 | 1572358 spiral_eyes
Thu, 08/18/2011 - 09:32 | 1572404 TheTmfreak
TheTmfreak's picture

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..

Thu, 08/18/2011 - 09:38 | 1572445 MillionDollarBonus_
MillionDollarBonus_'s picture

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.

Thu, 08/18/2011 - 09:59 | 1572604 Clueless Economist
Clueless Economist's picture

Your sarcasm is dripping...all over my boobs.

Thu, 08/18/2011 - 10:20 | 1572779 TheTmfreak
TheTmfreak's picture

Yes the politicians are tirelessly attempting to solve the problem of having solutions.

Thu, 08/18/2011 - 10:21 | 1572788 NoTTD
NoTTD's picture

Marry me.

Thu, 08/18/2011 - 11:07 | 1573062 falak pema
falak pema's picture

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.

Thu, 08/18/2011 - 09:58 | 1572600 Gringo Viejo
Gringo Viejo's picture

"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."

Thu, 08/18/2011 - 11:01 | 1573028 CrashisOptimistic
CrashisOptimistic's picture

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.

Thu, 08/18/2011 - 09:29 | 1572386 Pladizow
Pladizow's picture

Timmy Geithner's 50th B-Day today, can let Obamas 500 point loss on his birthday beat little timmy.

Thu, 08/18/2011 - 09:34 | 1572421 Long-John-Silver
Long-John-Silver's picture

and NO, you can't.

Thu, 08/18/2011 - 09:25 | 1572349 Madcow
Madcow's picture

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.

Thu, 08/18/2011 - 09:36 | 1572430 snowball777
snowball777's picture

Barack: Should you be talking to Jamie the Greek?

Thu, 08/18/2011 - 09:41 | 1572464 pods
pods's picture

SHOW ME THE TRADITION!

pods

Thu, 08/18/2011 - 09:46 | 1572519 Dr. Richard Head
Dr. Richard Head's picture

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.

Thu, 08/18/2011 - 09:25 | 1572353 LawsofPhysics
LawsofPhysics's picture

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.

Thu, 08/18/2011 - 09:27 | 1572369 youngmanU2
youngmanU2's picture

Here, here.

Thu, 08/18/2011 - 09:42 | 1572478 LeBalance
LeBalance's picture

point one out.

Thu, 08/18/2011 - 09:45 | 1572505 unununium
unununium's picture

WTF is that supposed to mean? Grown ups like Jamie Dimon?

Thu, 08/18/2011 - 10:04 | 1572635 Bob
Bob's picture

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.

Thu, 08/18/2011 - 11:28 | 1573187 my puppy for prez
my puppy for prez's picture

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!   

Thu, 08/18/2011 - 11:28 | 1573188 my puppy for prez
my puppy for prez's picture

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!   

Thu, 08/18/2011 - 09:26 | 1572354 centerline
centerline's picture

Maybe he can fit in a quick TV appearance from the Vineyard.  That always calms the markets....lolololololololol.

Thu, 08/18/2011 - 09:46 | 1572514 Thorlyx
Thorlyx's picture

has he packed the teleprompter ?

Thu, 08/18/2011 - 10:23 | 1572775 Oh regional Indian
Oh regional Indian's picture

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

Thu, 08/18/2011 - 09:26 | 1572360 Caveman93
Caveman93's picture

WTF no Golf?

Thu, 08/18/2011 - 09:31 | 1572400 Dagny Taggart
Dagny Taggart's picture

He must be frustrated with his short game lol.

Thu, 08/18/2011 - 09:34 | 1572414 TheTmfreak
TheTmfreak's picture

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.

Thu, 08/18/2011 - 09:41 | 1572463 jakethesnake76
jakethesnake76's picture

Dagny, When are you going to shoot the second half of your movie, cause 1/2 of atlas shrugged just doesn't get it ??? ;-)

Thu, 08/18/2011 - 09:42 | 1572472 Híppos Purrós
Híppos Purrós's picture

+100

Thu, 08/18/2011 - 09:26 | 1572361 oogs66
oogs66's picture

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? 

Thu, 08/18/2011 - 09:37 | 1572436 dwdollar
dwdollar's picture

"does he pay any out of pocket or all taxpayers?"

Haha...  you kid right?

 

Thu, 08/18/2011 - 09:27 | 1572363 LoneStarHog
LoneStarHog's picture

HOPE I get to go on vacation more while you are searching for CHANGE in your pockets to buy food, housing...

Thu, 08/18/2011 - 09:38 | 1572444 snowball777
snowball777's picture

HOPE they don't notice I haven't paid the mort in months or I may be forced to CHANGE my address.

Thu, 08/18/2011 - 09:27 | 1572367 mess nonster
mess nonster's picture

The more time they spend on vacation the less time they have to screw something up. 

Thu, 08/18/2011 - 09:36 | 1572434 lizzy36
lizzy36's picture

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.

Thu, 08/18/2011 - 09:43 | 1572465 wang (not verified)
wang's picture

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)

Thu, 08/18/2011 - 10:04 | 1572531 Convervative Co...
Convervative Connection's picture

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.

Thu, 08/18/2011 - 09:28 | 1572368 mfoste1
mfoste1's picture

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....

Thu, 08/18/2011 - 21:38 | 1575535 StychoKiller
StychoKiller's picture

Midwest bus tours are sooo stressful!

Thu, 08/18/2011 - 09:28 | 1572372 the not so migh...
the not so mighty maximiza's picture

nero fiddled, obama does eagle birdie on 5

Thu, 08/18/2011 - 09:31 | 1572397 oogs66
oogs66's picture

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

Thu, 08/18/2011 - 09:41 | 1572471 KnightsofNee
KnightsofNee's picture

After a couple of foot wedges!

Thu, 08/18/2011 - 09:32 | 1572374 Cognitive Dissonance
Cognitive Dissonance's picture

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

Thu, 08/18/2011 - 09:29 | 1572378 High Plains Drifter
High Plains Drifter's picture

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

Thu, 08/18/2011 - 09:31 | 1572401 The Shootist
The Shootist's picture

What a tool bag. The guy is almost as bad as Jon Nadler.

Thu, 08/18/2011 - 09:48 | 1572539 WonderDawg
WonderDawg's picture

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?

Thu, 08/18/2011 - 10:02 | 1572622 High Plains Drifter
High Plains Drifter's picture

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.

Thu, 08/18/2011 - 11:01 | 1573026 falak pema
falak pema's picture

sounds logical, mother feeds her pump n dump prodigal son, home from the killing fields.

Thu, 08/18/2011 - 09:39 | 1572454 snowball777
snowball777's picture

Sell!

Thu, 08/18/2011 - 09:43 | 1572488 centerline
centerline's picture

Ha ha. JC, the ultimate contrarian play.

Thu, 08/18/2011 - 09:29 | 1572379 Surly Bear
Surly Bear's picture

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.

Thu, 08/18/2011 - 09:43 | 1572487 KnightsofNee
KnightsofNee's picture

I'm soooo ronnery! So ronnery!

http://www.youtube.com/watch?v=HVL6ZJoWGxw

Thu, 08/18/2011 - 09:29 | 1572381 digalert
digalert's picture

Barack Barry Hussein Soetoro Obama what's his name...

is toast!

Thu, 08/18/2011 - 09:29 | 1572383 Everybodys All ...
Everybodys All American's picture

Look on the bright side ... only 18 months of this guy to go.

Thu, 08/18/2011 - 09:31 | 1572398 Hobbleknee
Hobbleknee's picture

Assuming Ron Paul gets elected. Otherwise it will be more of the same.

Thu, 08/18/2011 - 09:34 | 1572413 lizzy36
lizzy36's picture

And then 4 years of the bachmann?

Cause that is going to be change you can believe in!!

Thu, 08/18/2011 - 09:40 | 1572458 TwelfthVulture
TwelfthVulture's picture

How's that change you believe in going for you?  Do you wake up and HOPE you have some CHANGE for the subway?

Thu, 08/18/2011 - 09:40 | 1572459 Esso
Esso's picture

Thanks, Lucy, you've made me feel SO much better.

Thu, 08/18/2011 - 09:45 | 1572506 LeBalance
LeBalance's picture

/post of Michelle's corndog photo-op./

Thu, 08/18/2011 - 09:56 | 1572582 falak pema
falak pema's picture

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.

Thu, 08/18/2011 - 10:02 | 1572623 Abiotic Oil
Abiotic Oil's picture

Please leave the Hegellian Dialectic at the door.

Thu, 08/18/2011 - 11:35 | 1573214 my puppy for prez
my puppy for prez's picture

I'm glad someone else here knows about that!  One of my pet topics to study...

You see it EVERYWHERE these days!

Thu, 08/18/2011 - 11:36 | 1573215 my puppy for prez
my puppy for prez's picture

I'm glad someone else here knows about that!  One of my pet topics to study...

You see it EVERYWHERE these days!

Thu, 08/18/2011 - 09:42 | 1572439 Esso
Esso's picture

"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.

Thu, 08/18/2011 - 09:30 | 1572387 The Shootist
The Shootist's picture

This guy takes off more vacation time than any average Joe I know.

Thu, 08/18/2011 - 09:30 | 1572394 Seasmoke
Seasmoke's picture

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

Thu, 08/18/2011 - 09:30 | 1572395 SirIssacNewton
SirIssacNewton's picture

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!

Thu, 08/18/2011 - 09:34 | 1572412 Big Corked Boots
Big Corked Boots's picture

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.

Thu, 08/18/2011 - 09:46 | 1572511 snowball777
snowball777's picture

Not mutually exclusive.

Thu, 08/18/2011 - 09:34 | 1572415 Quintus
Quintus's picture

Oh no!  How will I get my daily fix of teleprompted panglossian platitudes?

Thu, 08/18/2011 - 10:06 | 1572646 wang (not verified)
wang's picture

not to worry

you'll get shortsleeved impromtu remarks from the front porch of the Vineyard digs

Thu, 08/18/2011 - 09:34 | 1572416 firstdivision
firstdivision's picture

Why does Obama need to be around when we have the PPT? FRBNY is our saviour, not the POTUS.

Thu, 08/18/2011 - 09:34 | 1572417 eigenvalue
eigenvalue's picture

But what could he do if he cancelled the vacation? 

Thu, 08/18/2011 - 11:38 | 1573230 my puppy for prez
my puppy for prez's picture

Well, he could get out there and help Michelle weed that damned garden!

Thu, 08/18/2011 - 09:34 | 1572420 nonclaim
nonclaim's picture

The national security team should take him to the Martha Stewart's cell instead...

Thu, 08/18/2011 - 09:35 | 1572426 lolmao500
lolmao500's picture

“The president should be where ordinary Americans go,”

Yeah right. Like THE ONE will go where the sheeple go...

Thu, 08/18/2011 - 09:35 | 1572427 Zymurguy
Zymurguy's picture

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.

Thu, 08/18/2011 - 09:45 | 1572500 snowball777
snowball777's picture

Freudian slip of truth there...535 many.

Thu, 08/18/2011 - 09:36 | 1572435 jplotinus
jplotinus's picture

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.

Thu, 08/18/2011 - 15:18 | 1574113 dotrodfag1961
dotrodfag1961's picture

Word. 

Thu, 08/18/2011 - 09:38 | 1572443 stant
stant's picture

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

Thu, 08/18/2011 - 09:38 | 1572447 TwelfthVulture
TwelfthVulture's picture

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.

Thu, 08/18/2011 - 09:38 | 1572450 LetThemEatCake
LetThemEatCake's picture

Obama's handlers would like him to step into the background for a couple of weeks until the start of QE3.

Thu, 08/18/2011 - 09:42 | 1572453 falak pema
falak pema's picture

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.

 

Thu, 08/18/2011 - 09:40 | 1572457 mfoste1
mfoste1's picture

This guy is a fucking CLOWN

Thu, 08/18/2011 - 09:58 | 1572596 WonderDawg
WonderDawg's picture

Hopey the Clown

Thu, 08/18/2011 - 09:41 | 1572470 franzpick
franzpick's picture

"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.

Thu, 08/18/2011 - 09:42 | 1572482 CoolBeans
CoolBeans's picture

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. 

Thu, 08/18/2011 - 09:43 | 1572484 snowball777
snowball777's picture

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?

Thu, 08/18/2011 - 09:49 | 1572548 wang (not verified)
wang's picture

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

Thu, 08/18/2011 - 12:25 | 1573473 snowball777
snowball777's picture

Unless that corporation is Enron...or NewsCorp...or...

Thu, 08/18/2011 - 15:36 | 1574198 mkkby
mkkby's picture

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.

Thu, 08/18/2011 - 09:44 | 1572489 JSD
JSD's picture

I would like him to stay there. Just go sit down somewhere.

Thu, 08/18/2011 - 09:45 | 1572503 wang (not verified)
wang's picture

I can't wait for WB7's interpretation of O's vacation

Thu, 08/18/2011 - 09:46 | 1572508 kaa1016
kaa1016's picture

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)

Thu, 08/18/2011 - 09:47 | 1572524 scratch_and_sniff
scratch_and_sniff's picture

Whats the big deal? what the fuck is he going to do anyway? Teleprompt the bids and quotes over the airwaves?

Thu, 08/18/2011 - 09:47 | 1572525 swanpoint
swanpoint's picture

unerasing erased loses

Thu, 08/18/2011 - 09:48 | 1572537 franzpick
franzpick's picture

Stockholm ^OMXSPI now down 5.1%, but those guys know how to turn a 394 foot large hill jump into a soft landing.

Thu, 08/18/2011 - 09:48 | 1572538 BurningFuld
BurningFuld's picture

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.............

Thu, 08/18/2011 - 11:44 | 1573262 my puppy for prez
my puppy for prez's picture

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!

Thu, 08/18/2011 - 09:50 | 1572552 -Michelle-
-Michelle-'s picture

The more time spent away from DC, the better.

Thu, 08/18/2011 - 09:52 | 1572559 Michelle
Michelle's picture

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.

Thu, 08/18/2011 - 09:53 | 1572568 MrBoompi
MrBoompi's picture

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.

Thu, 08/18/2011 - 10:04 | 1572636 WonderDawg
WonderDawg's picture

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.

Thu, 08/18/2011 - 09:54 | 1572571 buzzsaw99
buzzsaw99's picture

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?

Thu, 08/18/2011 - 10:05 | 1572639 wang (not verified)
wang's picture

my guess is he pulls it if worse than (-7%)

Thu, 08/18/2011 - 10:20 | 1572773 Bob
Bob's picture

That was an odd non sequitur.

Thu, 08/18/2011 - 09:57 | 1572585 alien-IQ
alien-IQ's picture

When the going gets tough....fuck it...hit Martha's Vineyard!

Thu, 08/18/2011 - 09:59 | 1572607 Mitch Comestein
Mitch Comestein's picture

Check out the 10 year at a new low.  The flight to safety, perceived or otherwise, is going balls out.

Thu, 08/18/2011 - 10:01 | 1572612 JohnFrodo
JohnFrodo's picture

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.

 

Thu, 08/18/2011 - 10:55 | 1572990 KowPie
KowPie's picture

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.

Thu, 08/18/2011 - 10:02 | 1572624 markar
markar's picture

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.

Thu, 08/18/2011 - 10:05 | 1572642 JohnFrodo
JohnFrodo's picture

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?

Thu, 08/18/2011 - 10:06 | 1572644 Founders Keeper
Thu, 08/18/2011 - 10:14 | 1572693 pazmaker
pazmaker's picture

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.

Thu, 08/18/2011 - 10:26 | 1572815 Pchelar
Pchelar's picture

*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...

Thu, 08/18/2011 - 10:47 | 1572957 wang (not verified)
Thu, 08/18/2011 - 11:56 | 1573327 Toe Cutter
Toe Cutter's picture

That's one lazy teleprompter!

Thu, 08/18/2011 - 14:38 | 1573974 t0mmyBerg
t0mmyBerg's picture

Maybe  I havent been paying attention for awhile but what happened to the ability to mod up or down peoples replies?

Tue, 09/04/2012 - 16:25 | 2761693 kall
kall's picture

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.

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