Why It’s Good News When Obama Sinks the Market

President Obama has mounted an attack on Banks.

The stock market took a dive immediately. Is this the start of a new Economic contraction?

It would seem that this would destabilize the Economic recovery we all eagerly await. Most were frightened by this development.

Pundits declared Obama will sink the Economy if the Banks are further taxed, and regulated. The new regulations would seek to reduce risk taking, and stop the Banks participation in other investment practices. More taxes and regulations on Banks will surely be passed on to the Citizens.

The stock market slide seems to not portend well for the Presidents initiative.

But some disagree

From the article: Source US News & World Report

By Rick Newman

Posted: January 22, 2010


What a buzz kill. After a booming start in 2010, stocks have reversed course, thanks largely to President Obama’s draconian new plans for taxing and regulating banks.

We should be thrilled.

Not because of populist retribution against elitist bankers. That’s another matter altogether. But think for a moment of the usual relationship between Washington and Wall Street. They’re not supposed to be partners. They’re twin power centers that move in parallel when things are good, but more often, compete for primacy. Part of Washington’s job is to police Wall Street, and part of Wall Street’s job is to outsmart the authorities. Tension is a natural part of the interplay.

Let's hear what ATS has to say about it.

Ziggy Strange




[edit on 23-1-2010 by ziggystrange]

What ever are you talking about? The Obamination is a COMMUNIST, he is not on the banks sides, he is not on the public sides. He is on the governments side, his side. You say it will be good that Washington is taking over a bunch of free enterprises? Unless I wasn't aware of something, communist progress is NOT good for ANYONE but the perps.

reply to post by Gregarious


Frankly I don't understand where it is you think I said taking over anything is a good thing.

Did you read some other post?


Ziggy

When Brown won.... i said to my friends...."hold on guys"...Obama is all about sinking America to usher in his Socialist "Nanny State"......i told them we are going to get a slick speech about how he will try to focus more on what the people want.......(jobs)......but he means different from what he says.......and he is angry......and he is going to throw a few lightening bolts.....hence the situation with the banks. BEWARE! he is in full destruct mode for the next little while.

Originally posted by livingtruth

When Brown won.... i said to my friends...."hold on guys"...Obama is all about sinking America to usher in his Socialist "Nanny State"......i told them we are going to get a slick speech about how he will try to focus more on what the people want.......(jobs)......but he means different from what he says.......and he is angry......and he is going to throw a few lightening bolts.....hence the situation with the banks. BEWARE! he is in full destruct mode for the next little while.

Thanks for posting,

We will see if your nightmare comes true. Browns win was good for Obama politically.

I think you sort of missed the point of the article.

Ziggy Strange

It is all an illusion. A deadly illusion.

Maybe the stocks sink in order to get the public to turn against Obama?

Maybe Obama has to crank up the war machine to make the market happy again?