CEOs less willing to hire, sales a worry

[Grumpier Than Uncle Joe]

Sorry, but I think that the President and other parts of the government, including the Fed Chairman should tell us the truth, rather than feeding us optimistic nonsense.

C'mon CARL, all Fed Chairmen are cautious with their words and error on the side of optimism......one gloom and doom sentence from a Fed Chairman and markets worldwide could plunge.

And Presidents?  LMFAO........every one of them feed us optimistic nonsense.

[Grumpier Than Uncle Joe]

Sorry, but I think that the President and other parts of the government, including the Fed Chairman should tell us the truth, rather than feeding us optimistic nonsense.

C'mon CARL, all Fed Chairmen are cautious with their words and error on the side of optimism......one gloom and doom sentence from a Fed Chairman and markets worldwide could plunge.

And Presidents?  LMFAO........every one of them feed us optimistic nonsense.

Look, happy talk just doesn't work.

Ford tried it, Carter rried it, Bush I tried it, and it all failed.

While you may prefer "optimistic nonsense," I would prefer the truth.

Don't forget Reagan, Clinton, and the other Bush, and thanks for making my point, they all do it, they always will.

And who said I prefer it.  I'm just being realistic vs. batsh**t idealistic (since nothing will change in this regard).

[Grumpier Than Uncle Joe]

......and CARL, you've been around long enough, even the president's spokesperson is not permitted to SPEAK on certain issues economically because of market reaction.

Don't expect anything different no matter who is in office next.

[Grumpier Than Uncle Joe]

Guys, its very simple.

When government officials make overly optimistic projections on the economy, they end up losing credibility.

Theirs a big difference between losing credibility and actively telling people they're doomed/good luck with it. Governments can lose credibility but the second they tell the truth to Wall Street things only get worse.

There is, also, a difference between admitting theirs a serious economic problem and actively encouraging the economic downturn with the full blunt of the bad news.

You continue to misrepresent my point.

I am not urging government officials to tell people "they're doomed/good  luck with it," as you suggest, but rather they admit there is a serious economic problem, and propose reasonable measures to deal with it.

You seem to believe, in the famous movie line that the people of the United States "can' t handle the truth."  I disagree.

Hasn't Obama been doing that?  That's how he got what you call Porkulus passed (though many don't find it reasonable).  He hasn't been rosey, in fact he's said it's bad and blamed Bush at every turn.  President's mix some truth and politics.

The Fed Chairman though needs to temper his words though and you know this.......if he passes gas wrong markets react worldwide.  You just have to pay attention to what he's saying to hear it's bad, but he's never gonna make statements a President would.

[Grumpier Than Uncle Joe]

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Not really, he said the situation and outlook were quite poor not "we're screwed good luck with it".

I was referring to the last part of that sentence of CARL's -  but rather they admit there is a serious economic problem, and propose reasonable measures to deal with it.

[Grumpier Than Uncle Joe]

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Not really, he said the situation and outlook were quite poor not "we're screwed good luck with it".

I was referring to the last part of that sentence of CARL's -  but rather they admit there is a serious economic problem, and propose reasonable measures to deal with it.

My mistake. You bolded the whole thing so I didn't know for sure..

NP, I wasn't clear......my fault.