This page has been archived and commenting is disabled.

Watch Obama Convey The Teleprompter's Thoughts On the S&P Downgrade Live

Tyler Durden's picture




 

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"

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 08/08/2011 - 13:58 | 1538314 g
g's picture

Blah blah blah.

Mon, 08/08/2011 - 13:58 | 1538315 Pangasius
Pangasius's picture

What about corruption, graft and human greed? Did he mention those?

 

Mon, 08/08/2011 - 13:59 | 1538318 grunk
grunk's picture

-450.

Mon, 08/08/2011 - 13:59 | 1538320 alexwest
alexwest's picture

i cant help.. its because of things we cant control..

earthquakes , oil spikes , etc

idiot

Mon, 08/08/2011 - 14:01 | 1538321 Edward Fiatski
Edward Fiatski's picture

Panem et circenses. "Economic factors, which we can't control... like Oil price spikes." LMAO.

EDIT: Rebuild infrastructure with idle slave labour... I've seen that episode before, right before World War II, which was necessary in order to reduce the unemployed surplus population and bring Order into this world.

Mon, 08/08/2011 - 14:00 | 1538322 I Am The Unknow...
I Am The Unknown Comic's picture

don't mind the herpes baby, I'm still AAA all the way - sez Uncle Sammy

Mon, 08/08/2011 - 14:00 | 1538323 gmak
gmak's picture

One has to wonder why congress took a month off in the middle of such a global crisis.

Mon, 08/08/2011 - 14:00 | 1538324 Archimedes
Archimedes's picture

Rah, Rah, Rah..Pax Americana! USA!USA! Gimmie a F**king break! This man is truly a clown.

Mon, 08/08/2011 - 13:59 | 1538325 robertocarlos
robertocarlos's picture

Some of the most productive workers. The rest are lazy.

Mon, 08/08/2011 - 14:00 | 1538326 alexwest
alexwest's picture

s/p down 5%.. sucker goes down

Mon, 08/08/2011 - 14:00 | 1538327 Texas Ginslinger
Texas Ginslinger's picture

He just said; "We will always be a triple A country."

Does he know that BOA is failing, as his lips are moving....????????

Mon, 08/08/2011 - 14:00 | 1538328 aldousd
aldousd's picture

circuit breakers off... sell time algos.

Mon, 08/08/2011 - 14:00 | 1538329 Spaceman Spiff
Spaceman Spiff's picture

Someone tell this bum it is about the bottom line for small businesses not about a balanced approach DPing them.   

Mon, 08/08/2011 - 14:00 | 1538331 mt paul
mt paul's picture

NasDaq

S+P

both down five percent

Mon, 08/08/2011 - 14:00 | 1538333 lieutenantjohnchard
lieutenantjohnchard's picture

epic fail. he's clueless. saying nothing.

Mon, 08/08/2011 - 14:00 | 1538335 karzai_luver
karzai_luver's picture

More free money, unemployment forever , bitchezz.

 

Does the addled fuck realize that the companies are already taxed to death for this shit?

 

You clueless clown. MORE free money and borrowing is not the course.

 

clown imbecile.

 

Resign NOW.

 

Always Triple AAA ,

 

Triple A USA Triple A USA.

 

I can just hear that cheer before every NFL game.

 

All we are saying is STOP WORKING UP THERE.

 

Here comes the flag waving bullshit.

 

They are ALL ON YOU.

 

 

 

 

 

 

Mon, 08/08/2011 - 14:00 | 1538337 sbenard
sbenard's picture

Oh lucky us! It's our very own Hitler in the White House! The Teleprompter Tyant!

Mon, 08/08/2011 - 14:01 | 1538338 Dr. Engali
Dr. Engali's picture

This guy makes me want to throw up all over somebody else's shoes.

Mon, 08/08/2011 - 14:00 | 1538339 anynonmous
anynonmous's picture

he's flat today  almost depressed

Mon, 08/08/2011 - 14:01 | 1538340 goldsaver
goldsaver's picture

Translated: Lets spend more money we dont have since we can all agree that spending money is a good thing. No matter what anyone sez, I refuze to accept reality since I dont have nothing else but my fantasy crap.... The Amurican people demand we spend their money to make everything better... now, I am going back to the greens!

Mon, 08/08/2011 - 14:01 | 1538342 Bam_Man
Bam_Man's picture

A couple more days of this and we will be breaking out the "Dow 10,000" hats AGAIN!

Mon, 08/08/2011 - 14:01 | 1538343 vegas
vegas's picture

Seriously, who voted for this stupid fuck?

Arrogant asshat.

Mon, 08/08/2011 - 14:01 | 1538344 Dadburnitpa
Dadburnitpa's picture

Oh, no!  It's a NOTHING BURGER!

Mon, 08/08/2011 - 14:01 | 1538345 slewie the pi-rat
slewie the pi-rat's picture

WE HAVE ALWAYS BEEN A AAA COUNTRY

BiCheZ

Mon, 08/08/2011 - 14:04 | 1538346 Windemup
Windemup's picture

He's talking about Seal team #6 that was murdered to shut them up about the fake Bin Laden raid. Watch the lies. Watch the market plunge deeper and deeper.

Mon, 08/08/2011 - 14:11 | 1538362 the not so migh...
the not so mighty maximiza's picture

i think it was said on ZH, the team that got OBL would also meet with an accident.

Mon, 08/08/2011 - 14:02 | 1538347 alexwest
alexwest's picture

afgan  too is to blame...

alx

Mon, 08/08/2011 - 14:02 | 1538348 papaswamp
papaswamp's picture

Dow dives below 11,000 during speech...

Mon, 08/08/2011 - 14:02 | 1538349 -Michelle-
-Michelle-'s picture

Does it burn when you wrap yourself in the flag, Mr. President?

Mon, 08/08/2011 - 14:02 | 1538351 Nothing To See Here
Nothing To See Here's picture

Is it me or is my TV spitting bullshit again?

Mon, 08/08/2011 - 14:03 | 1538353 flaunt
flaunt's picture

OMFG what a horrible speech! Useless platitudes and tax increases for all!

Mon, 08/08/2011 - 14:03 | 1538354 Manipulism
Manipulism's picture

That was it?
What was the intention of this shittalk?

Mon, 08/08/2011 - 14:04 | 1538355 NoClueSneaker
NoClueSneaker's picture

BS!!!

Mon, 08/08/2011 - 14:05 | 1538356 WhOracle
WhOracle's picture

Can't believe a AAA country would have elected such a tool...

 

Mon, 08/08/2011 - 14:37 | 1538386 Jonas Parker
Jonas Parker's picture

A AAA country didn't. The USA is AA+ with a negative outlook...  :-(

Mon, 08/08/2011 - 14:09 | 1538361 Uncle Remus
Mon, 08/08/2011 - 14:37 | 1538387 Peter K
Peter K's picture

Did our Muppet in Chief just give a stump speach to sooth a crashing market? Or is it just me? Unbelievable:(((

Mon, 08/08/2011 - 14:42 | 1538408 Greater Fool
Greater Fool's picture

Slogans and Platitutdes 500 staging a huge rally today.

Other S&P 500, less so.

Mon, 08/08/2011 - 14:48 | 1538433 Endstrategy
Endstrategy's picture

What's the name of the legs in the front row, red dress?

Mon, 08/08/2011 - 14:51 | 1538440 -Michelle-
-Michelle-'s picture

Oh, crikey.  Now the Carney is out there.  No wonder the Dow is down over 500 again.

Mon, 08/08/2011 - 15:05 | 1538475 Ms. Erable
Ms. Erable's picture

I forget - is he a Carney by trade, or a Carney by name?

Mon, 08/08/2011 - 14:58 | 1538463 European American
European American's picture

In Wildland Firefighting there is a term used when the Fire is too dangerous to try to suppress. It's called a Bleacher Fire, cause all you can do is sit in the bleachers and watch it scorch the landscape. The IC (incident commander Obama) of this "catastrophic" Fire (The Economy) in todays broadcast seems to be trying to give the impression that "the Fire may not be out, but it's contained", neglecting to mention it's a "Red Flag Warning" day (term used by fire weather forecasters to alert forecast users to an ongoing or imminent critical fire weather pattern) while the Fire Danger Index is off the charts. 

 He needs to be pulled off the incident and replaced with someone who understands Fire (Economics) theoretically and practically, before lives are lost.

Mon, 08/08/2011 - 15:02 | 1538479 Windemup
Windemup's picture

He didn't just say "he has confidence...with the intellect of our people" did he. Yikes, Sell! Sell! Sell!. The intellect of his people got you there in the first place dude.

Mon, 08/08/2011 - 15:04 | 1538483 Spastica Rex
Spastica Rex's picture

OMG, this Carney blather is pathetic.

Mon, 08/08/2011 - 15:06 | 1538496 Endstrategy
Endstrategy's picture

Seriously, what's the reporter's name, front row red dress?

Mon, 08/08/2011 - 15:07 | 1538499 Shell Game
Shell Game's picture

Ah, yes.  Why not throw another $105 M to Somalia?! 

It hurts my brain to listen to these sick, lie-spewing fucks..

Mon, 08/08/2011 - 15:24 | 1538513 Temporalist
Temporalist's picture

Oh it's too funny that Obama drops Buffet's name, one of his big supporters and gold hater, as gold hit's another record high on a $70 up move day at its high as the markets collapse.  Oh and Berkshire is being downgraded too LOL.

I think Obama thinks he's Fonzi because all he knows to say is AAAAAaaaaaa....

 

Mon, 08/08/2011 - 15:11 | 1538526 Anonymouse
Anonymouse's picture

The man is a fool.  About the only ones to "out-fool" him are:

- Warren "I'd make the US AAAA and I'm not conflicted at all, please don't downgrade Bershire" Buffet essentially advocating printing money to pay the debt

- Alan "I know this is all really my fault, but I'll never own up to it" Greenspan doing the same thing

- Joe "Where the Hell is Liechtenstein" Kernan and his disgraceful S&P bashing

Mon, 08/08/2011 - 15:30 | 1538649 ElvisDog
ElvisDog's picture

Is there any way to get a transcript of Obama's press conferences? I never catch him live.

Mon, 08/08/2011 - 19:09 | 1539871 Sathington Willougby
Sathington Willougby's picture

 

Google maps: white house

Look at or leave your review, or guess which one's mine?

Do NOT follow this link or you will be banned from the site!