patrick.net

I want to know who the people are that are feeding him these ideas.

Obama isn't surveying the housing market by himself. He's got people that are saying "Hey, you have to do this or bad things will happen" and showing him downward sloping graphs.

Who's giving him faulty information? How much money is involved? Is there a money trail to follow?

Is it normal for the SOTU speech to include promises to bailout banks and deadbeats? I dont think so.

StoutFiles says

Who's giving him faulty information? How much money is involved? Is there a money trail to follow?

Its a lot worst than you think, because he actually believes in it. This is one of the major problems we have with Govt intervention. Need to get Govt out of housing market.

StoutFiles says

I want to know who the people are that are feeding him these ideas.
Obama isn't surveying the housing market by himself. He's got people that are saying "Hey, you have to do this or bad things will happen" and showing him downward sloping graphs.
Who's giving him faulty information? How much money is involved? Is there a money trail to follow?

It's not necesarily bad information. The people who make these predictions for Obama have the power to MAKE the bad things happen if he doesn't do what they tell him to. They can put more money into campaigns, drive up or down specific markets, create phony scandals, etc. Even if he wanted to fix the mess, he wouldn't be able to, and if he tried, he'd ensure his presendency failed as an example to the next guy not to try to help the average person at the expense of the financial sector.

Good Presidents don't believe in the numbers provided by his staff but looks it himself.

I dunno, this post seems a bit racist don't you think? Better watch what you say.

manbearpig456 says

I dunno, this post seems a bit racist don't you think

Racist ? No. Prejudice ? HELL YES.
Prejudice against controlling powers that KNOW values will return to "normal" no matter how much money they throw at it.
They waste OUR money to keep THEIR job.
Most prospective buyers are NOT buying due to gubmint's prop up programs.

Obama is trying to buy votes. He's already got the people living in the housing projects on welfare and food stamps. He's reaching now for the people who want to be saved for having a mortgage.

I don't think the President (whoever is in office) should be given credit or blame for the economy (although he is usually eventual held accountable). He doesn't have as much control as people think. It is the general market forces of greed and fear that run it.