No they said the War in Iraq her's exactly how it went
Buttner and Panelist: Wall Street Loves Iraq War
Reported by Judy - November 25, 2006 - 12 comments
Brenda Buttner and one of her panel members tried to pump up support for the Iraq war on "Bulls and Bears" on Saturday (November 25, 2006) by claiming that "the war in Iraq has actually been very popular with Wall Street" but their claims set off a revolt among the rest of the panel.
Buttner started her panel off with the question of "what Wall Street wants" regarding Iraq: Go big, go long, or go home. It was a silly question since Wall Street is the sum of millions of investors, all of whom do not agree. But silly questions are what you get when you watch Buttner.
Buttner's usual toady, Charles Payne of Wall Street Strategies, started things off by claiming Wall Street wants decisiveness (Guess he means we haven't been getting that from "the decider" so far) so the U.S. should go big and train the Iraqis so that the U.S. can get out sooner. (Yeah, I know what he said doesn't make sense, but that's Payne for you.)
Gary B. Smith, of Exemplar Capital, usually is a hawk on the war personally but he admitted that what Wall Street "really wants is for this whole thing to go away. Wall Street hates this conflict. Wall Street hates the fact that we’re spending millions and it’s so myopic and short term in thinking. They would like nothing better than for us to completely pull out and leave the Iraqis to their own devices and just concentrate on what’s going on on our own shores, which I agree with Charles, that’s the exact wrong thing to do, but that’s what Wall Street wants and if we did that, the market would soar, unfortunately."
Tobin Smith, of Changewave Research, continuing to show his developing independence from the Fox News line, disagreed with the "Go big" strategy. "Certainly the idea of adding 250,000 troops means we’re gong to go to a national draft, and going to a draft, you think people are nervous and upset about the war now, just wait until you start drafting kids to go to Iraq. If there were a rational plan and we saw some movement from Iraq, not waiting for us to do some of the work, I think Wall Street could get behind it. What they can’t get behind is just the answer that it just needs a trillion dollars and another 250,000 people. That sounds like a simplistic answer, but it’s not, they want to see a rational plan first. ... I say go right. Let them finish the job we started, but get the heck out."
All was pretty civil until this point, when Buttner claimed that "the war in Iraq has actually been very popular with Wall Street" and asked Scott Bleier of hybridinvestors.com to comment.
"I hate to say this. It might seem callous and it might be unpopular, but the day we went into Iraq started the bull market that we’re in now," said Bleier.
"And I think if we leave without testing some new stragtegy and going big and going long, I think the market will suffer for it. I can’t disagree more with Gary B. Smith. The market has loved the war. I don’t want to seem callous about this, but the numbers speak for themselves."
Pat Dorsey, of morningstar.com, brought economic thinking to bear on Buttner's silly question, as he usually does, noting that the economy also bottomed out at around the same point that the U.S. went into Iraq, adding, "So correlation is not causation, my friend." Someone could be heard laughing in the background. Dorsey said the effect on the stock market is probably a wash either way, as lower spending in Iraq would be offset by possible increased instability there.
"With all due respect to Pat, it’s not just a coincidence. It’s more than just a coincidence," insisted Bleier, offering no proof.
After Gary B. Smith agreed with Dorsey, the panel broke into a few seconds of uncontrolled, excited cross-talk. After Buttner regained control, she went back to her toady.
"You guys are shocking," fussed Payne, bringing out the old chestnut that "there hasn’t been a terrorst attack since we went over there."
In keeping with his emerging rebel status, Tobin Smith noted that the war on terror and the war in Iraq are two different things. "We’ve tried to sell it like it’s one thing, but it’s not," he said, as Dorsey could be heard in the background saying, "Hear, hear." As long as the oil is flowing from the Middle East, Smith, said, Wall Street will be happy.
At that point, I expected the screen to go blank as the panel had totally departed from John Moody's script of the day but it didn't. There was more to come, in fact.
Bleier again insisted that "Wall Street has actually liked this conflict."
"Then in order to get the Dow to 20,000 we should go in and invade Iran, and we should go in and invade North Korea," said Gary B. Smith. "It would be the greatest thing ever for our economy."
"Absolutely not," said Bleier, without explaining why his principle did not hold for two or three wars and not just one.
"Wars have always helped the stock market," chimed in Payne.
War certainly has helped corporate earnings in some areas --like those of Halliburton, CACI and others profiteering by overcharging the government for the work they are doing. Maybe that will come up in response to next week's silly Buttner question.
2006-11-25 09:50:05
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answer #1
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answered by Anonymous
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I've been watching that too and even though it shouldn't shock me, it does, when BIG BUSINESS seems to have more of a say as to what goes on than the people do.
I was raised with the draft. It has it's good points but I would prefere it stay volunteer. I know if I was out there I would want whoever was watching my back to be someone who wanted to be there and not someone who was trying to find the first escape route out. I don't think it's the only way to serve your country so I still prefere choice. On the other hand.....we have many people in this country who are here for the goodie basket and have no sense of what being an American is and there's a part of me who wants to make them understand that our freedom isn't a free ride. America isn't the stock markets and money and it makes me sick to think of it like that. Lives and life long disabilities aren't worth a few points in the stock market that a few benefit from.
2006-11-25 04:58:39
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answer #2
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answered by Anonymous
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As Martha Stewart would say. The draft is a good thing
The opportunity to collectively indoctrinate by force every American should not be taken lightly.
Iraq is the perfect opportunity to reestablish the Draft. Once the emerging youth of America have been cycled though the draft. We as a Nation will all agree to the instructions of the all knowing Government.
No more uppity individualism A YES SIR society marches to orders.
Go big Red Go
2006-11-25 03:50:30
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answer #3
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answered by 43 3
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lol the media loves to scare ya we will never have a draft in our life times. we have whats called the inactive ready reserve these guys are service members that did for to 6 years and are under contract to be called back to service at anytime. they dont drill like regular reservist.we have only called on national guard and less than half of our reserve troops. last but not least there are plenty of people that are joining . the army is the only service that has problems. lots of guys from the navy are crossing over into the army and gaining rank.the only way we would have to draft anyone is if we went to war with china or someplace like that. and only after all our reserve troops and what we called fleet reserve theses guys are all retired and are still healty and can be called back to active duty. i fall under this.
2006-11-25 03:45:50
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answer #4
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answered by wofford1257 3
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Apparently you don't know SQUAT about the Constitution. The President is COMMANDER-IN CHIEF, and has ALWAYS had complete control over the military. Oh, by the way, Lincoln suspended the Writ of Habeus Corpus druing the Civil War, and FDR imprisioned Japanese-Americans durign WW II. So who took away our Liberty's?
2006-11-25 03:43:45
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answer #5
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answered by gene m 3
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If we had a draft I think the war would be over sooner. If all of these government people and the rich people thought that their precious kids would be drafted they would find a way to end the war!!!
2006-11-25 03:40:16
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answer #6
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answered by unicornfarie1 6
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My opinion is that we had no business going over there in the first place. However, now that we are there we have to finnish the job we started. If we just suddenly pull out it will be a blood bath for those who are deffenseless. I agree that we need to bring our troups home but we first have to get the job done. Send in a massive amount of troups and get the job done and get our men and women out of there. It's gone on far too long. We need to take care of business and "get her done".
2006-11-25 03:42:37
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answer #7
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answered by tas211 6
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Yes because too many people of our country are dying and Dumb President Bush wont let them come home, So yes, they should have a draft but the people should have a choice if they want to go. They could be in a really bad time for that and their family could die over sickness. So if you are 20 and up you should go to Iraq.
2006-11-25 03:39:39
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answer #8
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answered by Pretty_Boi 1
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No we shouldnt have a draft, but we are going to. This war can not be finished without a draft. They do not have enough troops and they need more. Its pretty simple really, they started something they couldnt finish and now it will have to be won at the expense of Americas children.
2006-11-25 03:45:42
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answer #9
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answered by Perplexed 7
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what in the world does the draft has to do with who gets rich? the draft is a forced or mandatory way of filling millions of spots in rapidly thining military ranks to fight any present war, draft is not necessary now at all, there are only a few thousands fighting in asia, there is no need for more, nobody should be drafted, period.
2006-11-25 03:53:03
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answer #10
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answered by infantry55 3
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Should we have a draft NO should we be in Iraq NO will we I think so and will we ever leave Iraq I doubt it.
What ever makes the politicians money will be done. We voters can't get it together and get them out of there. That is our fault to some degree
2006-11-25 03:39:37
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answer #11
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answered by Eeyore 3
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