Who’s In Charge of the US Government?

Bush or Obama? The current Treasury Sec. or Obama’s Treasury Appointee? The financial system is in collapse. Treas. Sec. Paulson has a news conference everyday on the economic plans of the Bush Adm. Then Obama has a news conference announcing new and opposite economic plans. This causes the stock market to go haywire, up- down, up-down. Investors don’t know whether to buy , sell or hold. This lack of who’s in charge is unprecedented. Obama doesn’t take office until January 20, ‘09. Either Bush should take control and tell Obama to stop influencing the market, or congress should pass an emergency measure, changing the date for a Pres. Elect to take office immediately cancelling the Bush Adm. We must have one economic plan right or wrong to stop all this volatility. People’s pension funds, IRA’s and investments are in great jeopardy.

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hanky: stocks
Submitted by Nitpickers on Tue, 11/25/2008 - 6:19pm.

What Bush or Obama say daily (or Paulson) has little to do with the stock market that day or the next!

The recent couple of days was influenced mainly by Citigroup being helped off the meat hook by tax money.

The gamblers playing the stock market every day are looking for an opportunity to buy in at some lower level and then sell the next day if it goes up much.
Computer usage by institutions can do that in a hurry.
What you or I might buy, or what Bush says is almost useless on a daily basis.

The market is now rigged, just as Vegas gambling is rigged for a sure 2-3% profit on the gross bet. Not every time but 53% of the time---that is all it takes at high volume.

Banks have blackmailed the Bush administration by not even loaning the gifts they received, until now we are buying the toxic loans they have. All those will be lost.

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Nitpickers
Submitted by HankyPanky on Wed, 11/26/2008 - 8:35am.

I think you are right on almost all you say. My point was that no one is in charge of our government and investors use this lack of clear leadership to manipulate the market. Everything in government is crooked and the system should be trashed.

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Hankypanky: the system ?
Submitted by Nitpickers on Wed, 11/26/2008 - 8:39pm.

It is not the system!
It is the approval of the crooks!
This administration cared nothing about reigning in crooks as long as they continued to invent a larger "economy!"
The Ponzi scheme melted however, sooner than expected.

Let me put it this way:
If you son was in a business generating fakey paper that he was selling at a great profit, and in turn those people also sold that same paper for even more, Would you stop it? No!

Want to buy a paper from me that will pay you 40% interest? Just send me the $10,000 dollars!
I'll send you $333.00 the first month, anyway!

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