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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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..

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.

Clueless Economist's picture

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

TheTmfreak's picture

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

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.

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."

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.

Pladizow's picture

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

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.

snowball777's picture

Barack: Should you be talking to Jamie the Greek?

pods's picture

SHOW ME THE TRADITION!

pods

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.

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.

unununium's picture

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

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.

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!   

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!   

centerline's picture

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

Thorlyx's picture

has he packed the teleprompter ?

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

Dagny Taggart's picture

He must be frustrated with his short game lol.

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.

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 ??? ;-)

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? 

dwdollar's picture

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

Haha...  you kid right?

 

LoneStarHog's picture

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

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.

mess nonster's picture

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

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.

wang's picture
wang (not verified) lizzy36 Aug 18, 2011 9:43 AM

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)

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.

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....

StychoKiller's picture

Midwest bus tours are sooo stressful!

the not so mighty maximiza's picture

nero fiddled, obama does eagle birdie on 5

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

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

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

The Shootist's picture

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

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?

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.