Tuesday, August 09, 2011

Barack Obama: "We'll Always Be A AAA Company"

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Richard Bove's US Market Commentary on BNN.

"You can't use debt to solve a problem with debt".

"You can't solve a debt problem by printing money".

"It's not our grandchildren's problem; it's our problem".

"You can't kick the problem down the road because there is no more road".

Well worth a listen.
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1 comment:

melvin said...

An open letter to President Obama!

Dear Mr President: I listened carefully to your speech in which you responded to America's credit downgrade.

Please be advised that no one believes you anymore.

Would you kindly turn out the lights when you leave.

yours truly

One old Geezer

"... nothing intellectually compelling or challenging.. bald assertions coupled to superstition... woefully pathetic"