fuman wrote on Mar 9
th, 2009 at 7:20pm:
Jumping Jack wrote on Mar 9
th, 2009 at 6:59pm:
Economic Pearl Harbor and half the board is still proud of their votes! F'ing amazing.
Because this isn't President Obama's fault. That's why.
Funman nobody has stated that Obama is fully to blame for the economic clusterfuck that we find ourselves in right now. However, the fact that he continually trys to lay blame on the previous administration is a bit rich. I mean it is true that Bush started down this insane socialsit road, but tell us again how Obama voted on the TARP bill? Seems to me that he voted for it as well. Yes he did. So to turn around and say that he was handed this huge deficit and that he had nothing to do with it is disingenuous at least and a flat out lie in the worst case scenerio. I'd vote for the latter. He is shucking and jiving on the economy because he hasn't a clue, or scarier still-he does.
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He blames Bush for eight years of spending on the wrong war, no bid contracts, tax cuts for the wealthy (redistributing wealth !!), and squandering the surplus. Still, our roads and bridges are rapidly becoming unsafe, our public schools are totally failing, we're still sending hundreds of billions of dollars to the mid-east for oil every year. We spent the surplus and got nothing . . . but I understand that you don't hear Obama this way. Because I honestly have never heard W say anything that reached me. Nothing.
There isn't one candidate (or person) that can maneuver out of this crisis. You've heard all of the opinions from the talking heads. Some you agree, some not. Me too. Nobody knows. The only thing the President can do is continue to bring all opinions to the table and call for their opinions, which he does. He knows what really happened, he's the President. He gets pretty good intelligence. Now he's the decider, and he's doesn't appear to want to "stay the course". He wants to ensure it won't happen again, if that's possible. Every talking head that I have listened to says that cutting spending now is suicide. How the hell would I know better.
TARP Bill. Yeah. Lot of money. All for banks. I sure as shit don't know what they should have done. We were all out of the boat and standing in Shit Creek at that point. It was over. The wave was on it's way a long time before that bill was signed.
For you to fear that President Obama has ulterior motives is irrational dude. He has done everything right. He worked his way up in a noble fashion. He did it with a handicap. He overcame what I didn't, and I respect that. W is the biggest waste of privilege ever to elevate to public office. Bar none (IMO of course)
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And let's not forget that what started this whole ball of shit rolling down hill was not evil capitalists as Barry and friends are desperately trying to play up. And it wasn't lack of regulation either. Hell, when regulation was called for for Fannie and Freddie, by none other Bush and McCain, it was Democrats who shot it down! No, it was a government policy that was started by Democrats which pressured banks into making bad loans. When Obama was working for ACORN he sued for these loans to be made! That's a cold hard fact that the media in their infinite wisdom (read-covering Barry's ass) have just ignored. Now it's true that some crooks in the free market took full advantage of this idiotic policy to line their own pockets, but they didn't write the policy here funman. The poicy was originally written into law by none other than Jimmy Carter, and then Bill Clinton doubled down on it and made it even easier to get these loans. So a bunch of people who never should have gotten loans were now able to get loans as per federal govenment mandate.
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It was a lack of regulation. It was the rating agency, which was funded BY the investment firms. It was all high risk shit at our expense. Fanny and Freddy were in those investments. That's why they got screwed. Fanny and Freddy are a good thing. ACORN is a good thing. A very good thing. They are on your side. They register people to vote. The rumors of voter fraud are stupid. Some fraud? Maybe. There are plenty of other more significant tricks being played by both sides to pad vote counts. Registering people to vote is good. It's patriotic. Preventing people from voting is bad. Making it hard for people to vote is bad. Making people uncomfortable to go vote is bad.
"Some crooks" didn't "take advantage", they were complicit. They lobbied for the deregulation. Huge sales commissions were being made and yearly bonuses went through the roof.
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So getting back to where we stand now. Barack Obama has done the exact wrong thing! He has in essence declared war on the investor class. At the same time he has raised taxes on the top wage earners in the country! Who do you think does all the hiring in the country funman? It sure as hell isn't ACORN or the lower wage earners. No, it's the investor class that does all the hiring and creates jobs! So what happens? Jobs are shed, and new hires are frozen. The stock market is acting out of fear by what Obama is doing. Since election day the market is down over 3000 points! Over 30% of most people's 401ks and pensions have gone up in smoke. So in that regard he is very much to blame. Hell, even his rich supporters like Warren Buffet are trying to tell him reverse these radical socialist policies. Jim Crammer of CNBC, a long time Obama supporter, has now been placed on the enemies list for having the unmittigated gall to question the wisdom of his economic policy. Crammer, like Rush Limbaugh and others on the right, has been personally called out at press breifings by that idiot press secretary Gibbs. What president has ever done that?!
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"What president has ever done that?". Have you ever heard of Valerie Plame? Or are we NOT talking about EXTREME cases, just the mean "enemy list" stuff.
President Obama has not declared war. Not his style anyway, but I get your meaning. He is PISSED at the f-ing gall of those m-fers to have put the entire economy on the craps table. They aren't fearful of President Obama, they know the real underlying situation that we haven't seen yet. Most are greedy (motivator), and will seek money where they can at a risk they're willing to take. Obama can't stop that. It's what they do.
He is not to blame for the 401k's. No way. He just took command of the f-ing Titanic after it struck the iceberg. Good luck Mr President. Before we go, we really recommend lowering taxes, ta ta.
They are NOT socialist policies (I thought the word on the street was Muslim)
You really believe he has a hidden agenda? But didn't think W had one with energy? And this year, "drill baby, drill"? Sure we'll be on oil for many years to come, but it's wrong. We have been held captive by those industries, at our peril and their profit. Our dollars make the mid-east nations grossly rich. It takes balls to try to change that, and some are afraid of the change.
It will get uglier.
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The guy is either a complete financial moron or he is trying to radically change the face of the economic balance in America. We know for a fact that he is an avid follower of Saul Alinsky and other like minded wealth redistributors (socialists/Marxists). We also know that he told Joe the Plummer that he wants to "spread the wealth around". So tell me, what do you think he's doing funman? Is he an idiot or an idealogue? Remember he went to Harvard.
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There ISN'T economic balance in the United States.
Spread the wealth around is a slogan. He gave YOU a tax cut. I got one. Makes a big difference for me, to pay bills and eat and stuff. What will the wealthy lose? Thing is, nothing got better with W's tax cuts. Jobs were still leaving. What was the point?
Joe The Plumber LOST his argument, unless he actually did prefer to limit his CURRENT income in hopes of keeping more POTENTIAL income, should he TRIPLE his current income. Come on now . . .
Idiot or ideologue? Hmmm, just those two choices?
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I'd say it's pretty clear that he is an idealogue, and for that he is 100% to blame. The economy in general and the stock market specifically is only a reflection of the fear that he is doing
exactly what he said he would do. That is something to be very fearful of indeed, and for that he is fully responsible.
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Well, I disagree completely, and it's more than a little bizarre for me to hear some of these opinions (same for you of mine, I'm sure). I haven't heard anybody say that they thought he is 100% to blame. You're ahead of your time dude.
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Riffy
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