Conflict of interest on cap and trade?
posted at 1:34 pm on March 25, 2009 by Ed Morrissey
Fox News implies this morning that Barack Obama may have a conflict of interest in pushing his cap-and-trade policies. Obama helped create and get funding for the Chicago Climate Exchange in 2000-1 while working on the Joyce Foundation, voting to approve over a million dollars in start-up funding. But is that a conflict of interest, or just a track record of consistency?
In 2000 and 2001, while Barack Obama served as a board member for a Chicago-based charitable foundation, he helped to fund a pioneering carbon trading exchange that is likely to fill a critical role in the controversial cap-and-trade carbon reduction scheme that President Obama is now trying to push rapidly through Congress.
During those two years, the Joyce Foundation gave nearly $1.1 million in two separate grants that were instrumental in developing and launching the privately-owned Chicago Climate Exchange, which now calls itself “North America’s only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.”
One of those gases is carbon dioxide, the most ubiquitous greenhouse gas and the focus of the most far-reaching — and contentious — efforts to combat “climate change.” On Monday, Obama’s Environmental Protection Agency declared carbon dioxide a public health threat.
Is that a conflict of interest? It might have been for Paula DiPerna, the foundation’s president in 2000 when the first of the grants went to the CCE in its start-up phase. DiPerna left Joyce to run CCE afterwards. If the donors to the Joyce Foundation have any complaint — which they apparently don’t — it could have been over DiPerna’s move.
I expect this to get a lot of play in the conservative blogosphere, but I don’t see a conflict of interest or any particular issue. Obama worked on carbon-trading schemes as a member of a charitable foundation, and now he wants to impose carbon trading as President. I think the former is useless and the latter is dangerous, but his experience at Joyce doesn’t disqualify him from pushing those policies, especially since (a) he didn’t make them a secret during the campaign, and (b) John McCain essentially agreed with him on the concept, if not the details. Fox never shows Obama personally investing in CCE.
If Mitt Romney had become President, would we have objected to his economic policies as a conflict of interest? No. Perhaps Romney’s critics might have done so, but they’d be on just as shaky ground as this report.
The problem with Obama’s cap-and-trade policies isn’t his tenure with the Joyce Foundation. It’s that they’re essentially foolish and incredibly damaging to the economy, which is why even Democrats told Obama not to hold his breath waiting for it to get through this Congress.
Blowback
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I won. – Obama
lorien1973 on March 25, 2009 at 1:35 PM
It would only be a problem if he still have money invested in the scheme.
sonofdy on March 25, 2009 at 1:37 PM
Did Obama invest in stupidity?
Because his candidacy has increased the demand for stupidity by 1,000%.
When is this guy out on his ass in 2012 again?
NoDonkey on March 25, 2009 at 1:37 PM
Obama liked bad policies before he was president. He likes bad policies now that he is president.
Not a conflict, just a continuation of bad ideas.
myrenovations on March 25, 2009 at 1:38 PM
There is no such thing as a conflict in Uhh One’s world – only rationalization.
AubieJon on March 25, 2009 at 1:39 PM
Yes.
ladyingray on March 25, 2009 at 1:40 PM
http://youhavetobethistalltogoonthisride.blogspot.com/2009/03/border-patrol-wants-to-deflower-mexican.html
The plan for Mexican Drug Violence on the Mexican Border. This Plan is to use a defoliant but there has been an injunction stopping the use on a 1.1 mile test strip between Nueva Laredo and Laredo.
Dr Evil on March 25, 2009 at 1:42 PM
Cap and trade, destroy the American economy. Works well with the Obama plan to destroy the American dollar.
tarpon on March 25, 2009 at 1:42 PM
I thought cap and trade was dead because they had to choose whether to push UHC or this.
MadisonConservative on March 25, 2009 at 1:43 PM
I still want to know who has got him all excited about medical IT.
His best friend, Dr Eric Whittaker, got a medical IT program going in Illinois for Blagojevich after Obama had Rezko get him a government job.
It isn’t that I think medical IT is a bad idea, but I can’t imagine its going to cut health care costs the way he presents it to.
MayBee on March 25, 2009 at 1:43 PM
definitely
alexraye on March 25, 2009 at 1:44 PM
Ha! You’re funny.
lorien1973 on March 25, 2009 at 1:44 PM
Chicago Climate Exchange???
Duz they let ya swap sum -20 degree Rockie Mt. winters fer a little South Padre sunshine.
thomasaur on March 25, 2009 at 1:45 PM
Big Democrat majorities in both chambers or congress and a Democrat president… they don’t have to choose.
They just have to play the right games with their Blue Dogs.
myrenovations on March 25, 2009 at 1:46 PM
Yes, it called the “Public School System.” Do you think the agenda of the schools for the past 40 years and the rise of someone like Obama is coincidental. No, it’s more like cause and effect.
Tommy_G on March 25, 2009 at 1:46 PM
A very dark place, and I spent three days across the street from a communist re-education center in Xam-Neua, Laos.
AubieJon on March 25, 2009 at 1:47 PM
saiga on March 25, 2009 at 1:51 PM
The problem
withis Obama!christene on March 25, 2009 at 1:53 PM
Obama can do many things.
ps -Taking the 15th off to go to the square.
BadgerHawk on March 25, 2009 at 1:53 PM
The Messiah doesn’t even know how to spell “conflict of interest” – the only thing he knows how to spell is Commie and Liar……….
Cinday Blackburn on March 25, 2009 at 1:55 PM
Looks like all those that are in favor of the Global Warming have some vested interest in getting the laws passed. Here’s a little Stupidity-Offset humor to help:
http://www.daybydaycartoon.com/
DL13 on March 25, 2009 at 1:57 PM
Thanks for the heads-up on this, Ed. This is conflict of interest like Cheney’s time at Halliburton. He divested of everything, but never got above the MSM rage of him helping his previous company.
Christian Conservative on March 25, 2009 at 1:57 PM
There is no real conflict of interest as long as TOTUS has no financial gain over this.
Weebork on March 25, 2009 at 1:58 PM
Ed,
You feel there’s no ulterior motive for Obama pushing Cap and Trade so strongly considering his past association? Seriously? I trust nothing he does and considering it’s a Chicago-based company, I think my suspicions are justified. It’s all about “you scratch my back and I’ll scratch yours.”
Oink on March 25, 2009 at 2:04 PM
He’s from Chicago, you don’t think he knows how to hide his money? Hell nobody can get ahold of anything in his past, he’s slicker in the ways of criminal than most people think. As a leader he sucks but as a criminal he knows what he’s doing. He didn’t get a law degree to practice law.
thomasaur on March 25, 2009 at 2:04 PM
The “adults” are in charge now.
Del Dolemonte on March 25, 2009 at 2:04 PM
…that we know of at this time. They could have a comfy corner office waiting for him at the end of his ONE term!
I don’t trust Obama any farther than I can spit.
Oink on March 25, 2009 at 2:05 PM
And he thinks the definition of invest is spend.
Knucklehead on March 25, 2009 at 2:06 PM
The Dow has dropped about 60 points from being up 100 this morning. Gee, Barry!
AubieJon on March 25, 2009 at 2:07 PM
The Dow has dropped another 70 points in the past 15 minutes and is negative for the day.
AubieJon on March 25, 2009 at 2:09 PM
CapNTrade, Global Warming – never been about anything other than someone making money from it. RapeNPillage a better term.
Obama is interested in his own self-aggrandizement and benefits he can accumulate. I’ll say again – he really wants Mugabe’s job and Mugabe’s Swiss bank account.
wtis02575 on March 25, 2009 at 2:09 PM
Alright I’ve read enough about our national suicide mission for one day. I’m just going to laugh at this for a while if you guys don’t mind:
http://www.youtube.com/watch?v=FLLHTWQwmw4
Zetterson on March 25, 2009 at 2:15 PM
Bambi must be on the tube or Timmy TurboTax got read over lunch…
That’s a 170 point or so swing….
“who let Bush back in charge?-getaclue”
sven10077 on March 25, 2009 at 2:16 PM
One silver lining concerning Cap & Trade:
When our utility rates go through the roof (at least $150.00 per month), no one is gonna vote Democrat in 2010.
TN Mom on March 25, 2009 at 2:17 PM
Wishful thinking but I doubt it. Those big rates we’re going to be seeing will all be blamed on the greedy utility companies. Americans have an attention span the size of gnat.
Knucklehead on March 25, 2009 at 2:21 PM
Good post. It’s important to target criticisms at the right aspects of an issue.
tneloms on March 25, 2009 at 2:21 PM
Do you honestly think that fluctuations over such a ridiculously short amount of time have anything to do with Obama? I assume that you don’t credit Obama every time the market goes up by 100 points during the day.
tneloms on March 25, 2009 at 2:23 PM
The market wants to go up, every time Teleprompter Jesus or Timmy Turbotax opens their mouth about their next assault on the engine of commerce it drops…we are talking 95% correlation….
“peculiar”…
sven10077 on March 25, 2009 at 2:26 PM
As POTUS, Obama should be looking out for the interests of the citizens of the United States.
Is Cap and Trade, an economy-killing scheme based on faulty assumptions, a conflict of interest? Yes.
hillbillyjim on March 25, 2009 at 2:34 PM
Of course there’s a conflict of interest: Obama (supposedly–I’m still not entirely convinced) wants to recover the economy, while the “carbon offset” industry wants to line its pockets with money stripped from actual productive industry, hamstringing the economy. Obama seems to be in favor of both. Is that not a “conflict of interests”?
Blacklake on March 25, 2009 at 2:37 PM
So what happened with this?
MadisonConservative on March 25, 2009 at 2:42 PM
Every time Barry O opens his purple-lipped piehole, the Dow drops. His little shadow puppet named Timmie Turbo Tax tried to tank the USD by saying we are open to a global currency.
It’s irritating having to state/point out the obvious to people like you. Try removing your cranium from your rectum and look around.
AubieJon on March 25, 2009 at 2:43 PM
had crept up to -25.15 for a bit…
The more they are thinking about a global currency the more they will buy gold…
sven10077 on March 25, 2009 at 2:46 PM
Market running out of hope….”no change”…
Hey GetAClue recall what I said that 500 point surge will be at best a 100-200 point “gain” by week’s end if not a wash….
“Bush snuck back in” yeah we know…
sven10077 on March 25, 2009 at 2:56 PM
So Obama and Geithner said absolutely nothing during the recent market recovery?
There is absolutely nothing in the world that has a 95% correlation with the movements of the markets. Any economist or finance person will confirm that. If there were, it would be easy to predict the market. In fact, the market is practically impossible to predict.
For example, Obama had a huge presser last night. This morning, the market opened with huge gains. Obviously you will have to ignore this data point and most other data points to reach the conclusion that you have.
tneloms on March 25, 2009 at 2:59 PM
Market almost ALWAYS opens with gains in the modern era of day trading that does not mean it is a “structural gain” to use Ogabese….
The market is desperately trying to show Ogabe “yes we’ll hop back in” and every time they start to he unleashes crap’n'trade or world currency, or demonizes AIG and opines that some ex-post-facto tax by Schumer is the way to go….
simply put he does not want a recovery or he’d ask the Bush tax cuts be made permanent and show fiscal restraint on an issue other than national defense….
sven10077 on March 25, 2009 at 3:02 PM
Yes, it is a conflict of interest.
A conflict between those selling CO2 allowances and those buying electricity, that is, everyone else.
Gee, I wonder how much Algore’s electric bill will increase–20 times as much as everyone else?
The Beatles unwittingly wrote a song (Hey Jude) for global warming fear-mongers:
“So don’t you know that it’s a fool
Who plays it cool
By making his world a little colder.”
Really foolish at trillions of dollars per degree.
Steve Z on March 25, 2009 at 3:03 PM
and Tunnel Moms…
a 500 point gain that is offset at once by a thuse far 178 point drop is hardly “a recent recovery” it was a bear recovery.
sven10077 on March 25, 2009 at 3:03 PM
I believe it’s 1/23/13.
jgapinoy on March 25, 2009 at 3:04 PM
heh I’ll relent but half of “Magic Monday” will be gone today….
remember the good old days when the M$M used to say that any 25 point drop was “a rejection of Bush policies and nervousness on wall street”???
yeah and I am *certain* they will start blaming Ogabe for hundred point drops ANY day now…
sven10077 on March 25, 2009 at 3:06 PM
Wow! The market is back up around 12,000?!? That’s a recovery. That might mean the wealth that has been lost since Obambi took over has been regained, that retirement funds have been recovered.
Your definition of a market recovery is like taking the corpse of someone who died driving drunk and saying “Hey, at least you’re sober now.”
AubieJon on March 25, 2009 at 3:06 PM
I think word of mouth is spreading Timmy TurboTax’s ace performance earlier….
sven10077 on March 25, 2009 at 3:09 PM
But after all, it’s just a barometer. Right?
AubieJon on March 25, 2009 at 3:13 PM
regained 43 points….
wonder if the same cartel that show oil through the roof last year is gonna try to roll the NYSE to aid Ogabe?
sven10077 on March 25, 2009 at 3:14 PM
The ONE himself called it “a tracking poll”….
something’s up the minute she went a full percent down a surge happened….
sven10077 on March 25, 2009 at 3:15 PM
now lost half the gain….
something’s going on…I’ll have to analyze the WSJ tonight….
sven10077 on March 25, 2009 at 3:16 PM
It’s gone all wobbly. Maybe it swoons whenever Obambi speaks.
AubieJon on March 25, 2009 at 3:19 PM
I didn’t at all mean to imply that the market has recovered. I’m not talking about how well the market is doing in general.
My point was that the market has swung both low and high since Obama took over, and yet you seem to claim that he’s responsible for only the lows. Absolutely no one in the fields of economics or finance would agree with you. The market moves so much every day, and if you look hard enough you can find whatever patterns you want. Especially if you attribute gains that contradict your thesis to normal market behavior.
tneloms on March 25, 2009 at 3:19 PM
I first observed the behavior when he was in “Orifice of the Precedent Elect” mode, wrote down the rate of loss when he was at the RV plant in Indiana….
you believe what you will I know that 19 times out of twenty if Salt or Pepper is on the tube the market dives…
sven10077 on March 25, 2009 at 3:23 PM
Do you really not see how ridiculous this type of analysis is? Trying to find causes for 20-40 point swings every few minutes? No one in the world has ever been able to do this with any reasonable degree of accuracy. Predicting and analyzing markets is one of the hardest things to do on larger scales, but on this small of a scale it’s impossible.
tneloms on March 25, 2009 at 3:25 PM
Seriuosly, what do you think would happen if Obambi came out and said, “Hey, look, forget what I said about budget right now. Today, I’m asking Congress to make the Bush tax cuts permanent. I’m going further than that: I’m lowering corporate taxes, thereby lowering consumer prices, and I’m placing a tax incentive for corporations and businesses that create jobs here in the USA.”
That would generate a recovery and he knows it would. It’s simply not what he wants.
AubieJon on March 25, 2009 at 3:26 PM
I am not suggesting to ANYONE to invest on the observations, but when GetALife and the Axelbots keep saying “recession over” and every day coincidentally to Turbo Tim or Bambi pushing crap n trade or Bills of Attainder the market drop a % point I’ll point it out thanks…
sven10077 on March 25, 2009 at 3:26 PM
Well if that’s true, you will be an extremely rich person very soon. Why don’t you invest a lot of money in this strategy? If you actually believe what you said, that’s guaranteed unlimited profits.
tneloms on March 25, 2009 at 3:27 PM
He’s going to do something idiotic like make a ‘progressive’ phseout of the capital gains tax….watch.
sven10077 on March 25, 2009 at 3:28 PM
Where do you teach economics? You must be tenured if you do. You obviously haven’t paid much attention to what the market has done over the years whenever Greenspan, Clinton, or Bush have spoken about anything related to business.
AubieJon on March 25, 2009 at 3:28 PM
If I were George Soros pulling Bambi’s strings I might….
you never know prompter error may have him say something positive instead….
I yanked my money out the day after the election….
saved me about 10% of my profits as well….
so I spoke with my money thanks.
sven10077 on March 25, 2009 at 3:29 PM
You can’t simultaneously say that you’re confident this phenomenon is real and that you wouldn’t suggest that anyone act based on it. If I knew with 95% certainty that the market would move in a given direction, the risk associated with investing based on that observation would be near zero.
tneloms on March 25, 2009 at 3:30 PM
So it’s less than 95%? I don’t understand what you’re saying. You said the markets dive 19 out of 20 times that Obama speaks, but now you’re saying that you never know if he’ll say something positive. So is it or is it not 19 out of 20 times? If it is, that’s a foolproof investing strategy.
tneloms on March 25, 2009 at 3:31 PM
Obama’s real conflict of interest re: carbon usage: His teleprompter, i.e., the Teleprompter of the United States, and now his brand new HUGE Obamatron. Man, those babies really eat up the watts.
TXUS on March 25, 2009 at 3:32 PM
I observed it in action as he was gaining in the polls after the Sarah burst…
made the decision that between his love of card check, illegal immigration amnesty, and crap’n'trade it was time to get out….
I got out in the 9000s…..how about you?
sven10077 on March 25, 2009 at 3:32 PM
The prompter error could be a true 17% flat tax….
you just never can tell…
also after his AIG stunt I don’t trust the government enough not to nail anyone making “too big a profit”….
Ogabe is a spooky fellow….
he basically hired lynch mobs through his ACORN buddies to go after his own hired help….
“keep the change”
sven10077 on March 25, 2009 at 3:33 PM
This has little to do with your claim about Obama’s words leading to market dives. First of all, the markets are basically where they were when Obama was elected. Second of all, you were making a claim about extremely short-term market movements, not long-term movements over Obama’s entire presidency. Taking your money out of the market after the election has to do with the latter.
tneloms on March 25, 2009 at 3:34 PM
You’re not really answering my question. Are you backing off the claim that 19 out of 20 times the market will drop when Obama speaks? How often do you expect his teleprompter to malfunction? More than 1 out of 20 times?
So you don’t want to cash in on this foolproof investing strategy because you’re afraid of being punished by the government for making too big of a profit? You are retreating into snarky comments rather than making real arguments.
tneloms on March 25, 2009 at 3:36 PM
“Can’t I just eat my
waffleCarbon Credits?”- Obama.portlandon on March 25, 2009 at 3:37 PM
No axelbot they are not where they were when Ogabe got elected….
9,625.28 is NOT 7632 thanks….
I see about 2000 points down and the 52 week high in 13,400 or so….
The market will keep trying to pretend it wants to get back on track right until he gets crap’n'trade and Nan starts cutting new tax code…..
sven10077 on March 25, 2009 at 3:39 PM
Snookums I am eliminating all the debt I can as quick as I can in order to land on my feet when the prime rate finally moves up….
probably go into I-bonds after the dust settles and the infaltion wave starts in july-october….
I get by….
and I notice you are not trying to refute the collective observation on how differently the market’s highs and lows were reported for Chimpy versus Bambi…
sven10077 on March 25, 2009 at 3:41 PM
sven10077 on March 25, 2009 at 3:42 PM
I have benchmarked and chronicalled the “odd coincidence”….
why don’t you explain to me why a market that can leap 500 points when Timmy’s “plan” gets sprung loses half that gain as details emerge?
Sorry but I am fairly certain that unless Bambi sheds some Marx and Keynes we won’t see a 5 digit market any time soon.
sven10077 on March 25, 2009 at 3:44 PM
sven, I assume you will retract everything you said now that the market rebounded at the end of the day and ended up 90 points up.
Bottom line: you can never attribute mid-day movements of 20-40 points to anything, and making slightly higher-level attributions is also nearly impossible.
tneloms on March 25, 2009 at 4:19 PM
You’re right, I meant to write on the day he was inaugurated, not elected. Which was in response to what you said:
tneloms on March 25, 2009 at 4:21 PM
Indeed I am not. The truth is that almost all reporting on the markets highs and lows is bogus, whether with respect to Bush or Obama.
tneloms on March 25, 2009 at 4:22 PM
Investor’s Business Daily published an article about “market jitters” with an hour to close…
guess they are in on the “unfounded anti-Ogabe conspiracy” as well….
I think the Plunge Protection Players are back in force….
Ogabe speaks…market dips…Ogabe goes in detail market falls…
investors WANT back in the game but when they are told by him and salt:
1) we are gonna tax you
2) we’ll demonize you
3) everyone’s energy cost is gonna go up and energy independence should only be pursued via unicorn farts and green unicorn farts at that
people will remain gunshy….I know I will.
sven10077 on March 25, 2009 at 4:23 PM
You still are not addressing my point. It’s simple: You claimed that 95% of the time that Obama speaks, the markets dive. If this is the case, then everyone should invest accordingly. There is absolutely no reason to not invest using this strategy if what you say is true. Then why don’t you?
Obviously the reason is that it’s not actually true. There’s no statement you can actually make that would be predictive of the markets when Obama speaks. This is always true of the markets. If you actually look at the markets in the 1 hour following Obama speaking, you will not notice the trend that you claimed. The same is true for a shorter and a longer horizon. If such a trend existed, it would immediately vanish as investors figured it out and invested in the opposite direction.
tneloms on March 25, 2009 at 4:26 PM
oh and Transport my personal favorite area is down 13%….
the less energy friendly he is the more companies will shed backers….
high fuel and Bush tax =s lean times….
high fuel this summer and Bush tax-cuts sunsetting in years will mean the death of just in time logistics.
sven10077 on March 25, 2009 at 4:27 PM
It’s not a conspiracy, it’s just bad analysis. Most news articles about market movements say things like “the market dropped on news of XXX” or “the markets shot up due to YYY” and they’re all ridiculous. Any person on Wall Street will tell you that if you could actually accurately make such attributions you’d (a) be filthy rich investing based on them and (b) immediately eliminate these effects by actually investing based on them.
tneloms on March 25, 2009 at 4:28 PM
Turn on fox every time you see him speak during the day from 0930 to 1445 and watch the market….
19 times of 20 the market sheds gain and drops….
I have chronicled it here, I will do so again….
some days I am not near a TV to know for sure…
it is not a “lie” it is an “odd coincidence”….
This is still less than 90 days into the reign of the Sun king….
when he starts getting his way later this year on most issues we’ll see….by October this market will ALL be his and Nan’s…
have a day.
sven10077 on March 25, 2009 at 4:30 PM
Actually, before I make a statement like that, I should read the article. Which were you referring to?
My points about attributing very short-term movements being extremely speculative still stand.
tneloms on March 25, 2009 at 4:31 PM
Then answer why you don’t invest based on this gold mine of an observation. Any time you can predict the market’s movements with 95% accuracy you are guaranteed to make money with almost zero risk.
In any case, tell me the time horizon you are talking about, I’ll randomly sample 20 times that Obama has spoken in the last two months, and we’ll see if you’re right. Just tell me the time window I should look at from the time he begins speaking, and I’ll see how many out of 20 times the market has dropped during that window.
tneloms on March 25, 2009 at 4:35 PM
Here is a good resource for Obama’s press conferences: http://www.google.com/search?hl=en&client=firefox-a&rls=org.mozilla:en-US:official&hs=eAa&q=+site:blogs.suntimes.com+obama+press+conference+transcript.
They are timestamped. Tell me what time window I should use and I will see how many times the market has gone up or down when he speaks.
tneloms on March 25, 2009 at 4:40 PM
tunnel moms….you keep trying to pretend that I am saying “invest based on this”….
and he has been on at a minimum every other day in the time frame I described during the business week….
1) I would not risk any money in a market being steered by Barney Frank and Schumer’s whims with only Bambi as a check on their said whims…
2) the article was in the “money sectioon of my sprint phone’s web server….
timestamped 1502 CST
3) I’ll bet you try to run statistical odds during quarters in the bar as well….
Ogabe is killing the market….
or at least not helping it with his demeanor and refusal to say “I want you to succeed”.
If/when he gets his way on Crap’N'Trade we will look back on the 7000s fondly….
I don’t claim to be a Nobel winning economist and play games with the market with my own money….
Ogabe plays games with his mouth and federal money and doesn’t know what a price to earnings ratio is….
end of line.
sven10077 on March 25, 2009 at 4:41 PM
I’d start with his speech on Nov 7th since you listed it…
the market fell 1,000 points in two days now that you mention it….
sven10077 on March 25, 2009 at 4:46 PM
No, I’m saying that you’re confidently claiming that 19 out of 20 times that he speaks, the market dives. You did say this, and seem to be standing by it. If this is really the case, then anyone should invest based on it, no matter how risk-averse they are.
But fine, so maybe you’re not acting on your confident claim, so let’s at least try to verify it. Tell me how long after he starts speaking I should look. For example, I can look at the window of 1 hour following when he starts speaking and see if the market goes up or down in that window. You’re claiming it’s down 19 out of 20 times. Just give me the time frame, whether it’s 1 hour, 10 minutes, 3 hours, whatever.
tneloms on March 25, 2009 at 4:46 PM
Hand-picking examples does not verify your overall claim. I’ll pick 20 random times (or at least 20 times that I can find). And if you think that I’m hand-picking and don’t trust that it’s random, I’ll let you compile your own list of 20 random times.
tneloms on March 25, 2009 at 4:48 PM
“hand picking”….
a) it was at the top of the list, I remember the plunge that greeted his coronation as the Man Child King quite well used it as an example in a tax class I was in on “net loss carryover” potential….
19 of 20 times I see Bambi speaking on the tube the little arrow on the side of the screen goes down….I am not alone…
you want to do a half-assed thesis on it be my guest….
frankly I’d rather worry about dealing with the 25% defense budget cut they seem bound and determined to ram through….
if Ogabe has 4 billion for Acorn, and 900 million for Hamas why does he need to nuke our military?
//rhetorical I know the answer.
sven10077 on March 25, 2009 at 4:51 PM
Since you won’t give me a window, I’ll assume 1 hour, which seems to be consistent with what you were saying today.
I’m using the White House Briefing Room as a source of when he’s spoken. Here’s the most recent time that they have him addressing the press: http://www.whitehouse.gov/the_press_office/Statement-by-the-President-on-the-Budget/
In the one hour from 10pm to 11pm, the Dow gained about 50 points.
tneloms on March 25, 2009 at 5:17 PM
Here’s a transcript of his remarks from two days ago: http://www.whitehouse.gov/the_press_office/Remarks-by-The-President-on-Investments-in-Clean-Energy-and-New-Technologies-3-23-09/. From 1pm to 2pm the Dow dropped about 10 points.
tneloms on March 25, 2009 at 5:20 PM
Here’s another one from 3/23 (more relevant to the economy): http://www.whitehouse.gov/the_press_office/Remarks-by-the-president-after-Economic-Daily-Briefing-3-23-09/
From 12-1pm the market dropped about 20 points.
tneloms on March 25, 2009 at 5:21 PM
whatever trips your trigger dude(?)
all I know is that during the speech in Indy at the RV factory where he showed his “brilliance” on selling “green RVs” that ran on batteries….the market swung 110 points while I watched.
Now an optomist would say, “sven you should have invested in the road crews that will need to make overpasses 75 feet tall so the windmills can fit ON the RV”….but I am a pessimist and think Barry is selling Unicorn Flatulence as our “green fuel”….YMMV
sven10077 on March 25, 2009 at 5:24 PM
Here’s one from 3/20 (next on that list): http://www.whitehouse.gov/the_press_office/Remarks-of-the-President-before-Meeting-on-Building-America-Future/
From 2:25-3:25 the Dow rose 35 points.
tneloms on March 25, 2009 at 5:24 PM
Next: http://www.whitehouse.gov/the_press_office/Remarks-by-the-Vice-President-and-the-President-to-Representatives-of-the-National-Conference-of-State-Legislatures-3-20-09/
Dropped 80 points in the following hour.
tneloms on March 25, 2009 at 5:26 PM
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