Comments on: Obama Courts Democrats For $350B Bailout

President-Elect Asks Senators Not To Stand In Way Of Additional Rescue Funds

[greatdrivew]

If Obama wants the $350B, then all he has to do is have his old campaign team flood the senators'' inboxes with donation requests.

Just like old times . . .

[rudy6543]

at least Obama wants to spend the money on Americans, and not on some no-bid contractor like Halliburton and their fine offices in Dubai.

[neocons_suck]

Why do conservatives hate America so much?

[whitemale08]

I don''t blame Obama for the bailout because he was blackmailed by Bush and the Republicans.

However he will have squandered an opportunity to re-configure the American economy from scratch.

Obama can have a post-Keynesian America by putting the entire Federal Reserve System along with it''s member banks into bankruptcy re-organization and cancel over a quadrillion in worthless derivates.

On top of that he can return to the original Bretton Woods agreement of fixed-exchange-rates so our currency will be stable enough to invest re-developing the American economy according to Hamiltonian principles of Sovereign National Credit System.

No one would blame him for starting over this economy and he would go down in history as the greatest President in American history.

The financial sector produces neither products nor services that common person needs. It merely takes peoples%u2019 investments at zero to 1 per cent interest rate, moves it around several of its instruments, keeps huge profits, and lends it back to the very same people at 5 to 23 per cent interest rates. It will be smart for the government to give money to poor citizens to buy food produced by American farm workers, take hours of work from them in return, and sell those hours to businesses that can use that American labor. That changes the hand-outs mentality to a helping hand strategy. The government should give loans and grants to genuine American investors, entrepreneurs, and companies to develop renewable energy technologies, systems, and to install them in American communities. The focus should be on products, i.e. food, water, energy, housing, transportation, and medicine, and services that relate to these products as well as education, and technology development.

[neocons_suck]

Why do conservatives hate America so much?

[edward1975-2009]

Obama promised change, but has stayed the course on this failed bailout attempt. He duped a nation. And we can expect little change from what has been going on. Another 8 yrs of the frustration shuffle. When will voters learn and demand the change we need to get back to what we once were. Instead of voting in the same useless politicians year in and year out.

[win4usa]

More tax payer money being pissed away.

[radiob21]

I warned all of you that there is no difference in the parties, they have become one and the same even wearing the same suits, just different lapels on the collars. You all voted for more of the same instead of throwing out all 435 rep''s and the president into the Boston Harbour where they belong. Welcome to the Brave New World order. Only for the rich and not long for the not so rich before it becomes one world order.

[asamiller]

As an Obama supporter who is becoming increasingly concerned about his dramatic turn to the right since the election, I have to say we need to be suspicious of any effort to railroad this without proper oversight and help for homeowners. If they botch the second half of this bailout deal, if it lines the coffers of the banks without helping fix the crisis, there won''t be much of a second chance. And what about jobs and infrastructure?

Obama seems more interested in courting the approval of Republicans like Pat Robertson, Karl Rove, John McCain and Newt Gingrich as well as big business and banking than in keeping straight with fellow Democrats and the people who elected him. It seems he''s taking those folks for granted since we don''t really have anywhere else to go. Its a very dangerous path because by raising expectations and then betraying principles (if that is what''s taking place here)the results will be cynicism and given the bad economic climate social unrest. Obama is playing with fire and he hasn''t even taken office yet.

[neocons_suck]

Since when is threatening a veto against his own party before even taking office "practicing his powers of persuasion"?

Voting "present" all those years didn''''t prepare him for the business of governing, and it shows. Almost daily, it shows.


Posted by greeneyes222 at 07:51 PM : Jan 13, 2009

Why do you hate America so much?

[greeneyes222]

Since when is threatening a veto against his own party before even taking office "practicing his powers of persuasion"?

Voting "present" all those years didn''t prepare him for the business of governing, and it shows. Almost daily, it shows.

[bushtarded]

I said it once, and I''''ll say it again. Instead of digging us into a deeper hole of debt, why don''''t the government do something more practical? If they really want to stimulate this economy the only thing they need to do is clear everyone''''s fico score. YOu dont have to buy out any banks or leverage anymore companies with borrowed money. Just wipe the slate clean and let everyone start over fresh. If this country fails and you move to another country, your American fico score wont mean much anyways. Think about it people.

Posted by blog_fever2 at 07:40 PM : Jan 13, 2009

Let me guess -- you don''t know how to pay your bills on time.

[blog_fever2]

I said it once, and I''ll say it again. Instead of digging us into a deeper hole of debt, why don''t the government do something more practical? If they really want to stimulate this economy the only thing they need to do is clear everyone''s fico score. YOu dont have to buy out any banks or leverage anymore companies with borrowed money. Just wipe the slate clean and let everyone start over fresh. If this country fails and you move to another country, your American fico score wont mean much anyways. Think about it people.

[bushtarded]

Watching the federal tax get bumped up on every move you make is going to be hilarious or pathetic one or the other.

Posted by TexHillGirl at 06:59 PM : Jan 13, 2009

I guess you''re in the clear since your "escort service" is a cash business.

[tincup356]

Now Obama will have his turn,,,,,,lets just see how much he thinks about the people....or will he repay his massive lobby debt?....Congress has already betrayed 240,000 home owners in trouble by getting the money to cure that problem....then jerking it back and giving it to.....AIG,Wall street, and big banks,,,,,who in turn gave millions to execs.and flagrantly blew large amounts after crying they needed help. .....Obamas plan looks like a measly 1,000. tax break for the middle class....sounds like more BUSHIT to me....lets see citizens who vote get a 1000 tax break ....and corporations who pay lobby dollars....get billions....Hmmm......One thing Congress better remember....the middle class carries every bodies butt....without our skilled labor....your workforce and your machine of industry will stop turning.......kinda like buying a fancy car with no motor...you aren''t going anywhere.

[whitewolf60]

350 Billion for who?

The rich - WHO DON''T NEED IT?

Or for us, the working people?

[wardoglrs]

What would you expect when you give your money to a terrorist organization called the USA Government.

[hackerpc]

Bernanke: More bank bailouts needed$$$$$$$$$$$$$$

[b4ucmyi]

900 billion, 500 billion, ten-thousand-hundred billion, a gajillion billion. Ride that half-inch drill, middle-class! Ride, baby, ride! ZZZZZZZZZZZZZZZZZZZZZZZZZ!