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Watch Obama Convey The Teleprompter's Thoughts On the S&P Downgrade Live
Update: the meeting scheduled for 1:00 pm has been delayed until 1:30 pm. Summary: "It's all the sandtrap at 18's fault"
The daily teleprompted appearance you have all been waiting for. Summary: "It's all S&P's fault"
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I suppose this is where he gets on and says none of this would have happened if the republicans would have just let him raise taxes on those rich folks the way he wanted to. It's all about assigning blame on someone else. Obama is no leader. He's an amalgamation of socialist special interest groups, like federal employees unions, assorted academic marxists, and the un-productive classes. In short, he is prone to start many more fires than he puts out. Utterly useless.
I can't watch I just ate
Late as usual... What a disgrace.
Secret Service is chasing a rabbit out of the rose garden.
So by 1:45 the DOW will be 90,000?
We seem to be stabilizing here and AAPL not going any lower. We are due for a bounce. I have no interest in playing that but shorts may be dangerous here.
I bet this "speech" is under two minutes.
Hang on to your jewelry ladies.
Tyler, I tried to donate today via PayPal but the link won't work. Sort it out - anyone posting here should be donating for the valuable work you do. Keep it up.
Meanwhile, the patter of the journalistic intelligentsia murmurs its banal considerations...
He's late. Even for being late.
Never get out of the bunker with a 1 iron.
He should try a pool cue.
Alright lets get this Tea Party blame-a-thon going here. Another example of the President not taking any responsibility even though the Tea Party is a massive minority in power for a mere 8 months. Lets not blame:
The Fed buying 70% of our debt
2 QE programs
Pres O spending nearly 75% of what Bush has done in 8 years in a mere 29 months
Savers being punished with 0% rates to the tune of half a trillion annually in stolen savings
Rising food and energy costs because of easy money flowing into commods
The war he promised us would be over 16 months that he has expanded
The immunity of Wall Street and no structural changes
Attempting to hide the problem under the rug with 0% rates begging for home prices to climb back to artificial levels while winking at banks to not foreclose on homes to prevent further collapse
Record American's on food stamps
Appointing Wall Street water carriers Geithner and reappointing Bernanke would failed to see the coming collapse.
Yes..the blame must be laid at the feed of the small minority that wanted to freeze spending. Operation kick the problems to another group of politicians just became halted.
Let me summarize the teleprompter:
"Record bonuses will be paid as soon as Treasury-Tim's place opens, please see Timmy if your EFT deposit is lower than 40x the average income in America."
"For all those that are wondering why they won't ever retire, or have nothing to eat, please register with the department of homeland security for your free bowl of soup and lapel pin."
"For those under 30, please be aware that paying for the decades of political collusion with corporations is patriotic, and feeding your children cardboard and styrofoam so that record bonuses can be paid is a way to show how patriotic YOU are."
"Lastly, I'd like to thank our newest pet dog, Fraud, that reminded me that no one could see any of this coming. We have trained our dogs Fraud and Eric Placeholder to bark (not bite) anyone caught stealing. So far they have barked at the poorest whitehouse staff."
"God bless the rich, America you're beautiful and I love ya!"
Who really thinks this guy has any control over anything?
And who really gives a shit what he has to say....all that is going ot come out of his mouth are some pre-prepared remarks by Larry Summers or one of his other big-business shills he has surrounded himself with since his administration began.
What a freak show... it is so goddam predictible it is sad. Like a really bad network t.v. show....with a real bad script writer.
Barry....please do us all a favor . . .save yourself the humiliation of being beaten by a complete bore loser like Mitt Romney . . . and resign now!
That way...the dem's can run another idiot in 2012...
JEETHER FOR FISCAL RESPONSIBILTY....
JEETHER FOR WINNING THE FUTURE....JEETHER FOR PRESIDENT IN 2012!!!!!
I believe everything I hear from our political leaders, and in some way I think that makes me a more discriminating person.
i hate to be serious.. but i'd guess the delay is wondering wtf to say.. they surely must realise how trashing S&P may just be too much even for the average joe to believe..
He is always late! How the hell did he get this job??????
the same way he got it in the first place, by selling out.
Presser is starting late, the word is that the teleprompter is still in hair and makeup.
A boring day on the NYSE. Believe me, a soon as The Teleprompter starts to talk and whatever blah blah he spits out, STOCKS WILL RALLY AND THE NYSE WILL END UP GREEN! So predictable. Come, I go to sleep for an hour.
I HOPE SO! Give me time to get the rest of my money out by today's close.
He is still late....must have had a three putt on the 18th.
Presidential golf cart broke down.
Fashionably late as usual...
Or has he decided to hide in a bunker?
If so, that means he is celebrating this collapse. He must be long gold. Bastard.
They are trying to blame the drop in BAC on speculators, not fundamentals. Not their fault, it is my fault. Why do I even turn on that idiot channel for 10 minutes. What a waste.
My dear fellows,
think of all the Gold in Fort Knox esp. the German
Nazi Gold...
All will be fine
anyone going to volunteer to melt down the ark?
Not I, said the Cat. Might screw up and tip the lid, then the "angels" would come out. I seen it in the documentary film about it, you know, the one where the nazis were like circus clowns.
"Leaders" What a fucking joke. Unless you want to go where they are leading you.
Whoa, big bar down on S&P. Is the President speaking yet?
And he makes us wait for his lame lies.
Well, he is late but the market does not care, lower it goes. Man oh man.
-4.37% and counting.
must be a slow moving foresome in front of him on the 18th
Anyone want to bet if the market goes up or down after he speaks?
Bringing the Hope - Bringing the Change.
Please standby:
The TOTUS's are dueling over what to say...
be patient
Obama will tell you that a double dip is NOT gonna come. And he will be believed. A child's hand is easily filled, as the proverb goes in my country. Stock traders are like children.
NYSE turning green, gold plunging, confidence returns. Nothing happens, nothing wrong, why all the fuzz?
The wait is unbearable now. WTF! Fucky you Barry!
I think the press sec may be trying to drag the coward in chief out from under his desk where he is no doubt curled up and crying like the pathetic bitch he is.
Just plaster an out of bidness on the prompter and move on!
Country in crisis...turns to its leader for reassurance, he sets a time, he postpones the time, he doesn't show up for the postponed time....
I get the strategy: Convey confidence by diffidence ! Brilliant, as always.
blame game - "the tea party has taken control of the ratings agencies."
dup.
Oh, the drama!
mr. bernankie's neighborhood-
it's a beautiful day in the fiat neighborhood
a beautiful day in the fiat neighborhood
will you print mine
will you print mine...
This smells fishy.
What possibly could be causing this delay?
This will harm the markets more than if he scheduled no speech.
....any moment.....
is he drunk?
s/p down almost 5%
hurry up , monkey
alx
For fuck's sake. This is really making me mad. This is a perfect example of how Barry sees himself, and how he sees us. No respect. Just disdain.
Short for 3 years...FAZ finallly...GREEN!
He took a Snowman on 18....he'll be there shortly
DAX
germany
down 5 %
-400 and falling like a stone. Keep working that teleprompter!
There's -409. Hehehe
Tapper: aketapper54 secs I saw Bo today. He's been downgraded to a cat.
CNBC is talking like shills saying BO should grill S&P and laugh at them! Ha!
Barry's probably ripping the crack pipe and his staff is in a frenzy!
The telepromter must be broken....
Dive!,Dive!,Dive!..................................
Update... Press conference has been delayed until after the 2012 election. Please stand by...
Is 15 minutes "fashionable?"
No, it reeks of panic...
New lows: "Steady As She Sinks"
Dow down 400.....
Obama: Is that $400 or $400 Trillion...?
Whatever, Wow, do my ears look big today or what!? You gotta toothpick?
The left teleprompter reflection is blinding me, man... Can we turn it...
When are we going to Martha's Vineyard...
Get Axelrod on the phone...
Joe Biden's on a bender and is holed up in his office with an AK. Stay tuned.
the market seems to like fashionably late
Have we got the right day??
"Shit...no party I'm going to is gonna start at 1:30. I may roll thru around 2ish."
/ES making new lows for the day. 1138.5
http://i51.tinypic.com/10covpz.jpg
Market on the right, American leadership on the left.
-400 to -430 in seconds, keep working it Barry!
Lalalalalalalalalalala FTW says Barry!!! Woot Woot Woot ! The worlds over, run for the hills! TAke anything not nailed down!!!
Obama will deny Double Dip - and he will be believed. All the traders dumping now, will RUN INTO stocks in a few minutes. Freaks!
I know the reason for the delay. They turned the teleprompter on and it printed:
"All your base are belong to us"
Love
Anonymous
When the levy breaks...
Going down now, goin', goin', goin doooown.
http://www.youtube.com/watch?v=WbrjRKB586s
I think Bernanke's problem is he never listened to Zep.
Well, i see gold isn't waiting around... Weeeeeeeeeee
started...
My feed is down, and my internet is fine. These goons can't get nothin' right.
Could somebody tell Obama he's a Cnut. Holding back the tide didn't work before and won't work now. An utter Cnut.
We are live!
Timmay's getting the chop.
Half way to circuit breakers.
Is he waiting for Rush's show to end or looking for a market bottom?
at what point would people actually start to panic in relation to his punctuality (this is about as bad as I can remember)
The lights are on but nobody's home.
The podium has no comment.
An empty lectern and off-camera mumbling will inspire confidence.
No doubt.
Even a soft shoe routine and a cover of "IS YOU IS, OR IS YOU AINT, my BABEEE" would be better than an empty podium.
mediocritas:
lol - i think you missed the last bit
"All your base are belong to us, April, 2008"
Stock markets are like toddlers, waiting for Santa Claus: when he has not yet arrived, not even been located, they scream and shout excited. When he finally enters, they all get quiet.
SO WILL IT GO TODAY ON THE NYSE. All the fuzz is useless, the children on the trading floors will massively run into stocks after Santa Obama simply tells them "no double dip". And they will believe it!
Yay. We have podium.
Best presser from Comrade Zero I've seen ever!
Nevermind, they just went live.
This is what I call leadership.
Delay is not a confidence builder.
-4.65% and counting.
Insolvency bitches.
2 minute warning, 2 minute warning....2 minutes to capitulation bitchez...
Nice fireplace... Did I miss the speech?
I guess he's on Metric time
Are you kidding me? The market believes we're still AAA?
Markets still consider it to be AAA? Oh REEAAALLLY
This administration's tenure is transitory....
ohhh it's a political problem....and warren buffet says we are ok...
Ain't you happy, Buffett?
Oh, I see that he forgot to tie his ascot - and quoting The Doddering Fool of Omaha(TM)? Who didn't see that coming.
sucker mentioned mr buffet right off the bat..
what an idiot
alx
Whew....I feel better already. He inspires confidence in the financial markets. OK, crisis over. So, what's on HBO tonight?
you'all do understand that the video above is from the white house and leaves behind a 'supercookie"
Wow. Is he a recent history revisiionist. Thank Goodness that Buffet thinks we should be AAAA.
Ooh, ooh, it's the Tea Party's fault!
Look at that fucker bounce. +50 points 15 seconds after he started reading the prompter! He wasn't late, he was waiting for the PPT to be ready to buy the moment he started speaking.
i cant listen to this stupid muther fucker,,,,,,,,,,,,,,,,,,,,,,,,,
"http://i51.tinypic.com/2e4hsok.gif"
President Camacho: Shit. I know shit's bad right now, with all that starving bullshit, and the dust storms, and we are running out of french fries and burrito coverings. But I got a solution.
I knew President Camacho, Two time Wrestling Champ and Porn Star. And this man is no President Camacho.
Warren Buffet said the US deserved a quadruple A rating? WTF Dementia must be setting in.
threat of default was bad............
Obama , I can;t assure everyone we can pay ss/medicaid/etc.
So, YOU made a threat and you were called and YOU WERE BLUFFING.
Die bitch.
Still singing the same tune.
First he says that America has the best credit rating and then he says it is among the best credit ratings. Which is it?
Bestest. For sure.
So in summary... It's the fault of the American people, not me...
Tax Reform, Bitchez!
KABOOM!!!!
"we need mo taxes"
Qualifications for future president of the people.
1) Saw off a leg above the knee with this "holy hacksaw".
2) live for 24hours without assistance.
3) Upon leaving office after one term, Saw off the other leg above the knee with the "holy hacksaw".
if you cant be honest you can at least build some character.
Politicians and such only foul the mind and thought with even more stupid then i thought possable before i watched them.
Ill have to get my information on what they said and why they said it from minds so twisted that they apply logic where none was to begin with.
There it is...cuts to medicare and raise taxes.
What an embarrassment this guy is. Just utter complete bullshit spewing out of his mouth.
He says the same shit everytime. "Hope is all there is!!"
Still red team v blue team when it's really the fukin bankster team that needs to be "reformed".
Did he say "Warren Buffett"??
He is making an exhorbitant amount of weird faces. I wonder if he knows he is lying.
Obama stumbling over his words more than ever
My fellow Americans. Today we look at a plan to take over your IRA"s and 401K's. You will be compensated by a series of small monthly payments backed by the full faith and credit of the United States of America.
Oh yeah we will need your gold and silver too.
Stumble bum. Don't do crack before the day is over.
Barry Hopium...using the teleprompter and Warren " I goty a hole in my bucket" Buffet to call for raising revenues (taxes) to "pay their fair share".
Complete d-bag. Now that US has been given the downgrade...CUT SPENDING , CUT TAXES....and watch revenues go up. Wathc equiites go up.....
This will not happen. Hoarding will commence as soon as Barry the Kenyan finishes speaking. Buy Rice !!
Blame blame and more blame. U am so tired of him blaming everyone else. Wow he is stuttering. Whatever happened to the buck stops here and leadership.
Lies lies and more lies!!!!!
WTF I can not stop this fucking stream.
ahh, so it's CONSUMPTION that's the problem--not PRODUCTION.
it's all about getting "consumers back into the stores".
egads..
"Something we can do immediately... as soon as Congress gets back." Classic.
Blah, blah, blah, blah, blah,blah, blah, blah, blah......damn Republicans!
Blah, blah, blah, blah, blah,blah, blah, blah, blah......damn S&P!
Blah, blah, blah, blah, blah,blah, blah, blah, blah......damn rich people won't pay their share!
Blah, blah, blah, blah, blah,blah, blah, blah, blah......we need to create more jobs!
Blah, blah, blah, blah, blah,blah, blah, blah, blah......we need to export more!
Blah, blah, blah, blah, blah,blah, blah, blah, blah......we need more infrastructure projects!
Ok, problem solved......lets have lunch!
Better yet: no more taxes!
Coca cola Bridge! Corporate takeover!
Coupled with continuation of payroll tax cuts and continuation of UE benefits. Infrastucture jobs (govt spending)...so no change in spending and lack of revenue.
11,10,9,8 etc.
Regurgitated speech.
Pure teleprompter... easy to see he don't even believe in what he say.
Not suprising from a nobel peace prize war monger who went around apologizing for being an American before he became President. More drivel...
"When Congress gets back [from Israel]"
Tel Aviv is the new Georgetown.
Did I just see less than 11000?
Down below 11000 keep fucking talking Bitch!