president barack obama games

Do you believe President Obama when he said we shouldn’t play the Blame Game?

Barack Obama September 21 2007: Columbus, Ohio

Yes it did and BO promotes the blame game. He has released Bush’s memos on the war. This makes me wonder what he is trying o get past the public. This is a smoke screen to divert our attention. Every time he starts a scandal it is a smoke screen.
I bet he is trying to divert attention from the New World Order.

The STOCK MARKET is BO’s fault!

Dear Mr. President,

Unfortunately, it’s true. The stock market doesn’t like you.

Only one month in and investors are giving up. Another 30% haircut would put the Dow at 5000.

And that level wouldn’t just put a crimp into your presidency. The ensuing collapse in savings and the U.S. pension system would destroy it.

Now, some advisers may tell you not to worry about the stock market. That it will take care of itself. But that’s wrong. Especially today.

At its core, the market is a measure of belief — the belief that investors can make money by buying a slice of America.

And a plummeting Dow means they really don’t believe in the country. Or in you.

You need to turn this around and fast. Here’s some advice:

1. Channel Ronald Reagan, not Jimmy Carter

Everybody knows the economy is lousy. Everybody gets your “underpromise, overdeliver” routine.

But if the economy doesn’t come around in a year, you’re still “wearing it” as they say on Wall Street.

You’re the #1 salesman of America’s hopes and dreams. Quit moaning and go out and sell some optimism.

2. Enough already with class warfare

Make no mistake. All that populist anti-Wall Street rhetoric in Washington scares the heck out of investors.

What good comes from your Press Secretary attacking CNBC’s Rick Santelli? It makes the White House look weak and out of touch with the markets.

Maybe you are. How else could you have signed Senator Christopher Dodd’s executive pay amendment into law?

Forget that the amendment is poorly drafted, vindictive public policy. It serves nobody’s interests but the politicians who sponsored it.

Dennis K. Berman

Tell Harry Reid, Nancy Pelosi and your own staff to turn down the volume on the “outrage of the people.” The election is long over.

3. Rule out bank nationalization — even if you haven’t completely ruled it out

Tell your Treasury Secretary to immediately announce that the nationalization of Citi and Bank of America is off the table.

With their shares worth so little and the government already backstopping them, this is largely a matter of semantics.

If you have to revisit “full nationalization” over the next couple of months, so what?

Secretary Geithner can say the situation has changed. And it will have. The situation changes every day.

4. Make peace with Wall Street

Go to New York, press the flesh and put some confidence into the markets simply by showing up.
Meet with the same eight bank CEOs that were bashed two weeks ago by Rep. Barney Frank and his House Committee.

Scold them for the cameras and then declare that a healthy America needs a healthy Wall Street.

Announce on the NYSE floor that the SEC is re-instating the “uptick rule” as a way to protect small “Main Street” investors.

Wall Street will give you a hero’s welcome.

5. Shelve liberal, Democrat pet bills

Why are your fellow Democrats so keen to frighten US industry? Are US companies not terrified enough nowadays?

Show that you want American business to win. Put the kibosh on Henry Waxman’s efforts to undo the Supreme Courts’ limitations on suing medical device makers.

And while you’re at it, call for an indefinite postponement of the Employee Free Choice Act, the anti-business union card check bill. That one’s a real stock market no-no.

6. Get the bipartisanship thing going

It made investors nervous that Senator Judd Gregg ditched you and that you could only come up with 3 Republican votes on the stimulus. Let’s get that bipartisan thing going.

Join with the Republicans and put GM into bankruptcy. That’s the endgame anyway. Might as well co-opt the Republicans and give yourself some political cover.

Of course, none of these measures is a guarantee that the stock market will go up. And certainly, many in your party will cry Judas.

But you urgently need to do something to shift investor sentiment. Dow 5000 is in nobody’s interest. Especially not yours.

http://blogs.wsj.com/deals/2009/02/23/mean-street-obamas-dow-5000/