I dunno if it’s real or PhotoShop, but it’s in Time magazine . . .
Caption: “President Obama’s personal bag is carried off Air Force One by an aide at Andrews Air Force Base.”
Enlarge and take a real good look.
(h/t Phantom)
Ole Miss’s friend in high places?
March 5th, 2009 @ 5:39 pm - by lotus · 70 Comments
Filed Under: Herald & Examiner
If this is true, it is way cool. No other way to describe it……
did he get it at the ole miss debate?
Good guess, lilaruby. Mighty nice bag — ya can’t blame him for liking it.
Who the hell are we?
Ole Miss, by damn!
It’s real. He needed extra luggage to carry back all those votes he gained in Oxford after the debate.
someone needs to tell rush, give him something “substantial” to rail about while we are in the midst of economic crisis.
I guess it is the “football” because Ole Miss certainly dosen’t needed it. LOL
Way cool!!
The liberals love him. How do you like your 401K balance now?
About as well as I like Bushco, poorboy.
My bag says “Mr. Omniscient”. Sounds about right to me…
GG @ 11, I hoped you liked Bush at 13,000. Its hard to like BHO at 7,000. My retirement has been pushed back by years.
P.S – Last March, I seriously considered putting all of my 401k into the G-fund (i’m a fed), but, alas, I decided not to time the market, I never had before. I should have applied the rule that there is an exception to every rule. My bad, now I have half the money I used to have.
WTBAL – the market “correction” was coming no matter who is/was at the helm. I’m just glad it’s no new-age Hoover at the Con. Tulip bulbs, beanie babies, dot-coms, irrational exuberance, call it what you will , a bubble is a bubble, is a bubble. DLM (JD/MBA)
WTBAL@12 – I can’t believe you actually believe President Obama should be accountable for 7,000; he has been in office less than 6 weeks. It will take YEARS to undo the mess the deregulating republicans made. I’ll take BHO at 7,000 over Bush at any number. At least we have a chance to regain a soul for our country.
Dylan said it best, wanted:
“It ain’t no use to sit and wonder why, babe
It don’t matter, anyhow
An’ it ain’t no use to sit and wonder why, babe
If you don’t know by now”
GG Do you have a Ya-Ya name?
6600 is not a bubble, it’s investors running for their lives. Their afraid of BO’s marxism and are prepareing for the tax hikes to come.
Hoddy Toddy!
Huh?, dlm.
Lil @ 14. 7K? If we lose GM and GE due to market actions only, I believe we will all be wishing for 7K. Soul won’t do the average citizen any good if he can’t afford food.
The question is not whether President Obama is responsible for 7K. It is what actions has his administration taken to solve the ultimate problems that got us here.
GG @ 18 – http://ya-ya.com/yaya_name Having lived in Memphis, once upon a time, for a second thought I had your secret identity figured out. Alas, no because you don’t already have a Ya-Ya name.
DLM @20 there are many Glitter Girls in the Delta. Sometimes when you are out to dinner look for the pretty ladies with the tiaras on. They are Glitter Girls one and all. Did it all start out in Yazoo City?
You need to invest in companies that build printing presses. We are printing money like crazy. Oh never mind we don’t need money. BHO will pay for everything.
Midnoon: 6,600 is a bubble popping. Markets do it all the time. It’s like volcanos and earthquakes, they happen on geologic time, which is not a human time frame of reference. Market bubbles usually happen less frequently than once a decade. The usual frequency is more like once or several times a century. The dotcom bubble being so closely followed by the mortgage/derivative/hedge-fund/ credit-default-swap/ponzi-scheme/Iceland bubble (whew!) is an anomaly. The question becomes why did the anomaly occur (to prevent a recurrence) and what will solve it. The doomsayers are right, we must isolate the bad assets and zombie banks by doing whatever it takes. Some will call it socialism, but in the end it’s about survival and cutting out the infection by debridement (NL will like that last bit.)
DLM-Aha! My ya-ya name is Duchess Loves To Laugh. Not sure about the duchess part but I sure love a good giggle.
And Lurker is right,there are actually 12 of us Glitters and we took Oxford by storm about 8 or so years ago. The Alum house and the Square will never be the same after all of those tiaras sparkling around town. Not to mention City Grocery as we sat there glittering and smoking cigars.
Lurker – FYI, I have a tiara, and it came from Jun Lee’s in Memphis. We used to wear ours when hanging with all the other YYSPQ’s up there. My orginal queenly name predates DeltaLawSpouse, and it was “Queen Who Quests For Princes.” Now I prefer to be know as “Queen De Minimus Non Curat Lex.”
I like that new queenly name, dlm. It’s appropriate. My tiara is plumb wore out from over use, so I’m gonna have to visit Jun Lee’s.
midnoon @ 17, you simply cannot be taken seriously until you learn the difference between “their” and “they’re.” Sorry, but it is a pet peeve. Also, preparing has no “e.”
Midnoon: Have you read this book yet? “Rising Tide: the Great Mississippi Flood of 1927 and How It Changed America” – by John M. Barr
I’m a huge fan of our President, and must be missing something: why is any tag is required? He seems to be the one man (or woman) in the world that doesn’t need one. Or a watch. Or a cigarette lighter.
GG – Make sure your new tiara is VERY sparkly, just like your personality.
Only When I Laugh, I’m sorry. I can’t believe I did that. I earned my high school diploma, I promise.
WTBAL@12, the money wasn’t real anyway. Your portfolio is only worth what you can get for it THE DAY YOU CASH OUT … you only lost the illusion of wealth. If you aren’t cashing out today, you have lost nothing so far.
Thnx, dlm. Hopefully we can meet up at the next Folo shindig and share ya-ya and glitter girl stories.
GG – Mais oue, cherie!
Gryphon, please tell that to all the Boomers getting ready to cash out (*especially those with pension funds that are at risk of insolvency).
TheGryphon @ 32 I agree to a point. I posted in an earlier post that I thought about moving my entire 401k into gov’t bonds last March getting about 4%, when the market was high. I didn’t because I have never micro-managed my 401k before and I thought that was a pretty good principle. A year ago March, my gut told me that things were not going to go well, but I stayed true to my investment policy. 4% looks pretty good now. Would somebody please kick me in the butt and call me a dumba$$.
Also, Gryphon, 50% of Americans have no portfolio, not one bond, nary a share of stock, and no pension. It’s hard for them to wring their hands over shrinkage in our portfolios. They are also the men and women who serve us in restaurants, fight in Iraq (a few will stay in 20 years and get retirement benefits), pave our streets, build our houses and cut our grass. They would chuckle at our angst here if they could afford a computer and find us. Two-thirds of them have no health insurance. Old proverb: I felt sorry for myself for having no shoes until I met a woman with no feet.
Wow. Excellent reminder, 3rdsouth.
There is really no way of knowing what exactly is spooking the markets so badly or in what combination. Earnings, jobs, confidence, housing starts, housing inventory, GDP, manufacturing output, tax policy, etc. Until we know, we really do not know who/what to blame. That being said, I’m nervous, folks, and retirement is far away for me. My heart aches for those at or near retirement. I cannot imagine their level of anxiety.
Still trying to understand all that tiara talk. guess I just never knew girls who wore tiaras…much less ‘wore out’ one!! You go girls…I guess.
Rae…attempting to start an argument on the internet? Even sadder than the statement about arguing on the internet itself.
Dammnit…DO NOT FEED THE TROLLS.
Jarrod. (Since you don’t like screen names.)
Laugh, People and the government both living beyond their means. I thought about retiring in five years, but now after losing over half of my savings there is no way. I do feel that I’m better off than allot of people. Going to stay focused, work hard and hope it passes soon. Thanks for caring.
Time, OnlyWhen, at 39. It’s going to take time. And patience. And then, after our President’s bold iniatives turn the corner and become successful, his detractors will stop advocating his failure in this realm and get back to advocating subjects closer to their hearts: abortion protesting, ethnic and racial insensitivity, gay bashing, building that Mexican fence, preemptive military strikes, eavesdropping on Americans, waterboarding, extraordinary rendition, environmental disregard, and dismantling the Constitution.
3rdS, I hope you are right and I am wrong; however, taking such an overwhelming stake in Citi & AIG without kicking the management’s asses out the door can hardly be described as “bold” (or at least by me).
3dSo @ 43, I do agree that it will take time. However, I do take issue with some of President Obama’s policies regarding taxation, although I proudly voted for him. Just so you’ll know, I do not support anything stated in your post after the words, “closer to their hearts.” Wait a minute, that fence thing is sounding better and better given the number of murders in the last 30 days. Where do I buy bricks?
Not saying it won’t take fine tuning, MrScrivener, or that some investors (particularly the ones whose daddies told them to buy bank stocks) won’t take a beating. It’s the numbers that are so bold to me, but as Goethe said: “Boldness has genius, power and magic in it. Begin now.” And the fact of the matter is that the country — as opposed to some of its most opportunistic investors — is strong and wealthy in its own right, and will be fine.
Poorboy @ 42, Godspeed.
I see (although I have no knowledge of people with dads who invest-not the circles I grew up in). This is the point at which we respectfully agree to disagree.
IMHO, large sums of money (at least in the form of what we have done so far) are good for making the infamous “zombies”, but bad for trying to solve this crisis. People and their motives got us here (and we are keeping those same people around, i.e. AIG’s management), and we constantly feed those same people taxpayer dollars. But again, I hope I look like a fool in a year from now.
Lotus and NMC, thanks for letting people post anti-Obama stuff. I know you are libs and this is your site but please don’t quash the disagreement. I encourage you to demonstrate your liberality by allowing debate about Obama. He asked to be president and the citizenry should debate, question, and even rebel against authority at times. I recently heard The Rev. Terry Fulham, an Episcopal priest, quoted as saying, “that 245 million people (US citizens at that time) working at cross-purposes can do no less damger than 1 with absolute authority”. Obama had a free ride with the press in the campaign but fortunately it may be the liberal press that will ultimately cause him the greatest difficulties. Long live dissent. Get a tough hide, Obama. If the country is to prevail, you will need it.
the citizenry should debate, question, and even rebel against authority at times
Yepper — ‘zackly what you’ve been saying all through the last eight years, right, osa? Your “free ride with the librul press” and “Get a tough hide, Obama” are winnahs too. Of course you lot are welcome here (or “hear,” as midnoon probably spells it): belly-laughs are hard to find and always appreciated.
You know what I wondered about this when I saw it? What former Ole Miss Journalism major saw this picture and posted it? I don’t think it’s a coincidence.
Good point dmwriter! I won’t belabor my comments, but I do have a few:
1. I graduate in May and so am especially enthusiastic about my school lately. HOTTY TODDY Mr. President!
2. President Obama picked up this disaster when it had already gained incredible inertia. If you are interested in what the market is doing, try The Big Picture. The author, Barry Ritholtz, is an independent, is very smart and very thorough in his analysis. This particular entry will appeal to some more than others, but I think it’s right-on. http://www.ritholtz.com/blog/2009/03/cost-concerns/
Pre-emptive congratz to you, Clerkette. Well done.
Does ANYONE remember the comments made before Bush’s TARP bill was passed….as to the DEEP SERIOUSNESS of this economic crisis? I mean, Republican Presidential Candidate John McCain suspended his campaign to return to DC to deal with the serious crisis…remember???
I just find it ironic that anyone of any party with any depth of economic understanding would believe anyone could turn the economy in 6 weeks. Delusional is the term that comes to mind.
Wanted to be a lawyer, I feel your pain. I also strongly considered moving all of my 401k funds that were in the stock market to a guaranteed interest money market fund last September, but did not do so for the same reasons you held off action. My gut feelings told me what to do, and I did not listen. Now, its too late. Hard lesson learned.
My new retirement plan? Work till I drop. Isn’t that what most lawyers do anyway? — never really retire, but either check out in a blaze of glory while on top, or just dabble and slowly fade into the sunset……….
No lilaruby, we are not delusional (and I also remember Palin being laughed at for affirming the possibility of the D word-ain’t so damn funny now). And no one with a brain thinks this will be turned around in a painless or quick fashion. Even the best course of action now will cause immense pain; however, the question is (to paraphrase a recent interview with Roubini), “Will this be U or L shaped?” And the Obama administration is driving us headlong for a very scary L.
Yes, the prior administration has much to do with our mess (and its predecessor administration as well), but the last man at the switch is the current President and his team. And they just are not looking out for us.
But, maybe I am an ideologue and I just can’t recognize it. Like I said before, I hope I look like fool soon. But the recent track records of the people I am reading don’t look that way.
#56, and what would you have them do differently? Really curious about that, not being sarcastic.
Lotus @ 50……………..
Yepper — ‘zackly what you’ve been saying all through the last eight years, right, osa? Your “free ride with the librul press” and “Get a tough hide, Obama” are winnahs too. Of course you lot are welcome here (or “hear,” as midnoon probably spells it): belly-laughs are hard to find and always appreciated.
You seem to be offended. You speak as if you know me and my values and have insight into me. You respond with sarcasm. It’s your blog and you are free to do so, but you are wrong and damage your cause.
Lilaruby, from what I have read:
(1) Identify the people who made the accurate calls before the fall (there are plenty of them) and get their input. Obviously, the guys at the helm did not see it and their behavior is no different today than when this all first began (except now we add more zeros and more firms need those zeros).
(2) If we buy a company, management goes. No discussion. If the taxpayers have to own a company, the people who got them in such shape should not be able to take their obscene bonuses. Once management goes, expose the bad debt and let us all get it over with.
(3) Regulation of the CDS market. If we can regulate securities is it that crazy to think we can regulate CDS’s?
The current administration may be doing (1) behind the scenes, but I have yet to hear anyone from the camp speak of (2) & (3). They run from “nationalization” like we haven’t already “nationalized” these entities. Maybe it is not bad mojo, but the doomsayers were right about where we are today, so I have a hard time arguing with them about where we will be in six months.
osa 58, the memes you choose make insight into your mind instantly clear: you follow Fox News and probably Limbaugh too, instead of paying attention to the real world.
The “liberal press” is anything-but, most of it following the GOP’s line all through BushCo (remember Judith Miller?), then doggedly during the campaign (Jeremiah Wright for weeks on end?) and to this day (Michelle Obama’s arms?). Over 30 years, MSM reporters got used to regular feedings from the Republican power-structure and, lazily, haven’t made the switch yet.
Nope, no cred there, osa.
osa, here’s a perfect example of what I’m talking about at 60.
Lotus, you and I may not agree on everything, but for you to suggest you are reading my mind and can conclude I have no credibility suggests a whole lot more about yourself than it does me.
So, osa, because you think you’re credible, I necessarily must agree? How credible is that?
#59
I agree with you on 1 and 2, don’t know what CDS is (I am NOT a financial type at all). I agree lack of regulation overall is a large part of what got us here.
Hopefully some of this is going on behind the scenes, and we just haven’t had enough time to see results. I am NOT saying Obama is perfect, just give him time to get his staff in place and implement new strategies.
I would suggest you post these on his website…i really do believe they are paying attention to what citizens have to say.
thanks for responding.
CDS = Credit Default Swaps (I think), lilaruby. Now don’t ask me to splain ‘em, ’cause I’ll mess it up fer sher.
The easiest way to regulate credit default swaps is to recognize them for what they are — a form of insurance — and apply the well-established body of insurance law and regulations, including capital requirements, that govern other types of insurance businesses.
thanks 65 and 66, now remember hearing the term. It just seems like so much bad could have been avoided with even minimal regulation…also seems like there has been a lot of excessive greed going around.
Lotus @63. No, Lutus, I don’t expect you to think I am credible. I merely expected you not to jump to conclusions. I should lower my expectations.
Lilaruby, your open mind to this mess (just like me and everyone else I know) is what troubles me about the administration. All of us lil’ folk are walking around hoping the people at the top are as smart as they are supposed to be, but I have a really creepy feeling that we are more accepting of ideas to fix this than they are.
As for giving President Obama time, that is the problem. We are facing a dangerous situation with a monolith that is one of the pillars of all we know about the corporate world (GE). On the other hand, if GE is not in trouble, then something is very wrong when they can be attacked by bears and people loss faith in such a company – and the stock is seriously damaged. Time is a luxury in short supply given the current landscape.
I like Karl Denninger; I think you would enjoy his blog. He is wrong often, but he also bangs ‘em out the park occasionally. Lately he has made some accurate picks for where we are headed.
soms@ 66, was that NY’s strategy to regulate them? I plan on reading up on it today.