"(RTTNews) - President Barack Obama warned Thursday that the nation is facing a recession so deep that, without action, it could turn into one that "we may not be able to reverse." The threat of an irreversible recession that could "linger for years" is very real, Obama said, urging Congress to pass his economic recovery act."
"Do what I demand or the entire nation is irretrievably screwed."
How long will it be before you threaten Congress with Martial Law - you know, tanks, rifles, shooting civilians?
I thought that sort of crap left office on January 20th with Paulson and Bush.
Where's my CHANGE Barack?
Your credibility with the American People is GONE; the non-partisan CBO says your "stimulus" is nothing more than a pork-filled sop to Pelosi and Reid and will actually DAMAGE GDP; your claims otherwise are lies.
Change your last name to "Bush-Hoover-Nixon"; that's not what America voted for (myself included) but it sure as hell is what we got.
Short the market at will and head to the store for another rifle to protect your family - we'll be lucky if a Treasury market implosion, tax revolt or worse doesn't take place before our "President of Change" has the opportunity to stand for a second term. In fact if this sort of horsecrap keeps up out of DC I give the markets about two weeks before critical support levels are lost and we have an all-on crash.
Your Presidency is
and it only took you two weeks to do it.
That has to be a record; how long before you do this Barack?
Where We Are, Where We're Heading (2013) - The annual 2013 Ticker
The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.
NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.
The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
Looking for "The Best of Market Ticker"? Check out Ticker Classics.
Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.
Market Ticker content may be reproduced or excerpted online provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media.
Submissions may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.
Leads on stories of current economic and political interest are always welcome. Our fax tip line is 850-897-9364; please include contact information with your transmission.