Michael Steele: The Stock Market is Rebounding Because Obama Is Failing

By
Wednesday, August 05, 2009 at 3:26 pm

On a wide-ranging conference call with reporters, Republican National Committee Chairman Michael Steele offered a theory as to why the stock market was performing strongly — because the Democratic agenda was hitting some hurdles.

“I think the stock market is also beginning to speak a little bit about this economy,” Steele said. “Because the train has slowed down on health care — it didn’t get done by the July 31 deadline — because cap-and-trade basically imploded under its own weight in the House and couldn’t get across the street to the Senate, because there seems to at least be some level of confusion that has slowed down this Obama juggernaut on trying to manage and control our economy, the market is beginning to do what markets are supposed to do: Heal thyself! And I think it’s fascinating that more and more people are looking at the market for the solution as opposed to the government. And I think that’s going to be conveyed, hopefully, if we continue to hold back government interference, in the investment and the savings.”

Steele quickly pivoted to argue that the “cash for clunkers” program had nothing to do with any market gains. “The Democrats writ large have basically once again distorted the market with this car program,” he said. “It’s encouraged people to go out and spend money that they may or may not have.”

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Comments

18 Comments

The Washington Independent » Michael Steele: The Stock Market is … | kozmom news
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Rockford
Comment posted August 5, 2009 @ 8:22 pm

Shorter Michael Steele: Heads I win , tails you lose. NA-na NA-na.


tomwalls
Comment posted August 5, 2009 @ 8:24 pm

Now that's one handsome black man.


miketheenforcer
Comment posted August 5, 2009 @ 8:27 pm

More twisted logic from this loser. What in the world are they gonna do in the next few months as the economy begins to pull out of the recession? Probably try to give the credit to George W. Bush. The stock market is rebounding because the recession is ending. They know it, but they can't bring themselves to actually admit it. Pathetic, bitter losers, every single last one of them.


Name
Comment posted August 5, 2009 @ 9:09 pm

There's nothing this guy won't twist.


P. A. Vesely
Comment posted August 5, 2009 @ 9:39 pm

Well DUH! Of course the market is rebounding because the President is FAILING! Why do you think it crashed so badly as Bush succeeded? The market Hates the President no matter who is in office. ;-)

/<sarcasm>


Reggie
Comment posted August 5, 2009 @ 10:18 pm

Wow now I know how evil can you be! Mikey is not only handsome to the banana eating
jungle monkey “handlers” Mikey is mainstream conservative sycophant! Why does this
person have a job in this industry! Why isn't Mikey helping the “Family” on C street in D.C.

Wait maybe he is by spewing this nonsense of “slight of hand” and bullcrap from thy lips
will allow thy to fellowship on C street! Oh yeah K street shouldn't left out of the conversation!

Mr.Steele please resign because “House Negroes” no longer get Kudos from decent people!
We no longer celebrate ignorance as we did with reagan thru dubya! It's amazing to me being
a Black American “we” will cause each other harm even though we know it's better to Love
Each Other! The mighty “Dollar” will be the death of us! Or the lack of!


SpacelySpaceSprockets
Comment posted August 5, 2009 @ 10:41 pm

At the RNC, up is down, left is right. Obama “fails”, so he is actually succeeding. Opposite day is every day at the RNC.


WHAT????? « wrightandleftreport
Pingback posted August 6, 2009 @ 1:03 am

[...] "permalink" : "http%3A%2F%2Fwrightandleftreport.wordpress.com%2F2009%2F08%2F06%2Fwhat%2F" } From The Washington Independent: “I think the stock market is also beginning to speak a little bit about this economy,” Steele [...]


» The Washington Independent » Michael Steele: The Stock Market is … » Stock Prices Online
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[...] market news by David Weigel Mortgage Stock Price Drops Hold Profits For Some | Mortgage Company [...]


Tuci78
Comment posted August 6, 2009 @ 2:02 am

Yup. Dump tons of counterfeit currency and “credit” into the financial markets, and people experienced in the use of capital – even if it's false capital, bogus government fiat – will put it into the stock market, bidding up prices there.

As such, higher stock prices are manifestations of of currency inflation.

Not economic health, but economic disease.

Steele – yet another Republican putz – is like the proverbial analog “stopped clock,” capable of being right if you look at him at precisely the correct moment twice a day.


LaLee
Comment posted August 6, 2009 @ 4:40 am

Please Reggie, racial epithets are out of bounds even on someone like Michael Steele.


GlfBook - Financial News Daily » Blog Archive » The Washington Independent » Michael Steele: The Stock Market is …
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[...] the original: The Washington Independent » Michael Steele: The Stock Market is … Tags: barack-obama, congress, democrats, michael-steele, politics, recession, science, Stock [...]


Tuci78
Comment posted August 6, 2009 @ 11:15 am

Well, it's getting out in the drive-by media now.

From David Hahn, “Publisher StatePaper.com ” August 5, 2009.

Publisher: Obama Should Produce Original Birth Certificate

At StatePaper.com, we know by making this statement we will be instantly tagged as “racist,” “birther,” or other pejorative terms by those who defend the President of the United States. We often defend the President and the job he is doing and are regularly lambasted for being “too liberal” or an “Obama lover” by some of our most prolific critics.

But, here is the issue:

The Constitution of the United States is the supreme law of our country. Article II of the Constitution requires the President to be a natural born citizen. Without reciting them here, there appears to be some serious questions raised about whether President Obama was born in the United States or Kenya. We have not checked sources, but there are reports that some witnessed his birth in Kenya.

The President's campaign staff and then his administration have released and placed on the internet a “Certificate of Live Birth.” We do not dispute the validity or correctness of that document as others have tried to do, suggesting the use of computers to alter seals and names. By releasing this document the President agrees that the claims about his status as a natural born citizen is an open, important, public issue.

But, this “Certificate of Live Birth” is simply not the best evidence that the President and his administration could offer to lay to rest any doubt about his status as a natural born citizen.

Barack Obama is a lawyer and a graduate of Harvard Law School. All law students study the body of law we call “Evidence.” One of the core tenets of American law is the “best evidence rule” which requires the production of original, or certified copies, of original document to prove a fact. Abstracts and summaries are not original documents.

The President has offered an abstract (Certificate) of his birth, but not an original birth certificate which would be the best evidence of his birth. We need the best evidence so that it can do what the best evidence is meant to do; dispel the doubts about a fact. We need to see the Birth Certificate. That's the one that is often handwritten and signed by the doctor.

Lawyers and legal thinkers will, obviously, argue the finer points of the “Best Evidence Rule” and its applicability to this matter. But, that misses the point. The notion of “Best Evidence” is solidly-grounded in law. This is an important public matter and it seems now that the President has started down the path of offering some evidence (Certificate of Live Birth), he should offer the “best evidence” (Original Birth Certificate) which is the source document for his birth. The document behind the document which has been released. This is what is needed now in the court of public knowledge.

The fact in question here is the constitutional qualification of the President of the United States to hold office. With a simple nod, the President could offer the American people the best evidence, the source document(s), as he learned about at Harvard, and dispel those who question his birth as a natural born citizen. His failure to provide this best evidence, when it could be so easily done, raises only more questions, which fuels an ugly public debate.

I guess there are some things that not even a journalism school graduate can stomach.


mantis
Comment posted August 6, 2009 @ 6:18 pm

Tuci, you loveable little Paulbot moron, an opinion column in a web-only college newspaper is the best you can come up with?


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mlgreen8753
Comment posted September 14, 2009 @ 6:53 am

I agree that it's a good thing people are looking at the market for a solution. You have to be careful who you are entrusting and taking advice from, especially financially. I myself am turning to the stock market. I am considering Mentor Capital (MNTR). They have a significant interest in a biotech company that is working on FDA clinical trials for an ingenious new breast cancer treatment that could have a positive effect on Mentor Capital stock once it makes it to market.


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