Bob Brinker did a 180 on Barack Obama. However, he simply can't bring himself to say it directly or call the man by name. Instead he refers to "the administration." Brinker's never before hesitated to name names when it comes to presidents, or presidential candidates. Here are some excerpts from Saturday Moneytalk:
STOCK MARKET AND "THE ADMINISTRATION": Brinker said: "This [high unemployment] is what happens in a recession and it certainly is not pretty. The people who invest in the stock market are well aware of it. The stock market has continued under pressure because of the credit market situation where we just have not had a resolution here of the banking situation......
...... Now we've talked on Moneytalk and we talked about the laser beam focus that the administration has to have on this. And they of course have not had it. They've had the omnibus approach which is really off-target. We've talked about the need to stabilize the financial system. We've talked about the essential need to get credit flowing in the economy to make it possible for you to buy a house, a car, something with credit.........and we have implored the central government to focus on the economy.....
..... Have they stabilized the financial system? I don't think they have. When we look at the banking system, the stress test, the lack of transparency to date, I don't think at this hour they've stabilized the financial system very well. And I think that is why the stock market is where it is, and that's why investor psychology is where it is right now. Tremendous amount of fear out there right now.....
.....And have they restored the flow of credit? No they haven't. They're still working on that one. They have their TALF effort.......hopefully that will be helpful, but look how long it's taking....
.....Here's the acid test for this administration. Their seven weeks in and that's long enough for us to give a preliminary reaction. Have they focused like a laser beam on the economy from the moment they took office? Well, I'll be honest with you. I think the answer is no......
..... Regardless of its merits or demerits, reconstructing the health care system is not the priority today -- it just isn't. Going after the educational system -- making changes there -- that's not the priority today. This is where the priority, I think, gets off the track for right now. If there is one thing about this administration that's very puzzling, it's the lack of prioritization.....
......For crying out loud! Stabilize things in the financial system, in the banking system, get credit moving again. Focus like a laser beam on getting the economy back on a track. Nobody expects it to happen overnight, but these are the things that have to be done and obviously, they have not been done.....
...... And when you see an omnibus bill come out on stimulus and you see that a lot of the bill is about health care, about education, even the energy part of it is off-target. You cannot address the energy situation with windmills and solar panels -- we've been over that before. You're talking about such a minuscule part of the situation that it shouldn't even be wasting your time to talk about it. Talk about 1%, 2%, what about the other 96, 98% of the problem. And we've talked about the solutions to that -- that have been ignored completely by the administration. So it's very, very hard to be happy with what this administration has done in its 7 weeks in office.__This is Moneytalk."
Honeybee EC: Well, well, well, Brinker's "not happy" with what "this administration" has done in 7 weeks in office. BTW: Mr. Brinker, the man took the oath of office as Barack Hussein Obama, not "this administration." You never had any problem saying Hilary Diane Christine Evita Rodham Clinton, Cactus John McCain or "Bush"! What ARE you afraid of now???
And another thing, back in January, you Obama is one of the "smartest presidents in the last half century." Is he not as smart as you imagined? Have you forgotten that all of these people were appointed by Barack Obama?
It was only three weeks ago that Brinker was shouting "for crying out loud" give the guy a chance, and demeaning "those people" who don't like Obama's BIG spending package. Brinker seemed to forget that it was Obama who demanded the spending package be passed right away even though NOONE in the House or Senate had read it. So much for his "5-day promise."
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