A previous Poster suggested that Bail outs actually helped... heh so bailing out a company which was going to fail(cuz they were not selling cars) will still fail if they cant sell cars.. Or investment Companys who make poor investment choices well, the Auto companies Hit bankruptcy anyhow... and well... the tax payer investment ammounted to Nothing because the Share holders still got burned the Suppliers still got burned and Most of all the tax payers got Fleeced AGAIN... and it accomplishing Nothing... Health care was crammed down our windpipes even when we didnt want it... so we could be fleeced yet again
I can picture Obama every night curled up in a ball with tears running down his eyes telling Michelle how the right is always picking on him. I used to think he was the teleprompter in chief but after these latest crying episodes we need to just start referring to him as the cry baby in chief!
Well, of course they talk about him like dogs. Limbaugh barked over the President during the inaugural speech. Limbaugh and the rest of the pack kept up the din for the purposes of making sure that failure is the only option. It's pack psychology, pack politics. Obama and the Dems played too nice.
A restoration of Fairness in broadcasting would have stopped this situation. The dogs must be very happy yappers that no one has codifed Fairness, and the FCC has done nothing about it. But they COULD have.
If the FCC wanted to be fair they would have stopped the attack against Sarah Palin that virtually every network except FOX have been waging for the last two years!
This is a very small amount of money and it assumes that businesses today generally short of customers will want to increase or replace their current capacity. Our needs are a thousand times greater. The only answer to save his presidency at this point is to replace the naive Bush-appointed Federal Reserve (governors & presidents), FDIC and Comptroller of the Currency appointees. He needs some macroeconomists who understand 1) that no bank makes working capital and personal loans just because the overnight rate of interest goes down and. 2) there is a shortage of liquidity but putting more reserves into banks and then requiring the banks to hold them to meet "stress test" requirements instead of loaning them out is foolish because it means no more money is available to loan, and 3) that the FED, FDIC and Comptroller already have the power via the various community reinvestment regulations to require the additiional liquidity to be loaned out.
Obama's problem is he retained and promoted Bush's unqualified economic appointees just as Hoover did years ago with his predecessors. Maybe can go off to a job at the Obama Institute at Stanford just as Hoover did but meanwhile the rest of us need jobs and customers for our businesses - not speeches, "programs", and piddly tax cuts.
How sad this president is constantly feeling sorry for himself. He is not shy about putting down and making fun of other folks. Maybe he should take a page from former presidents who were positive about our country and did not constantly put other folks down.
OUR NATIONAL LEADING POLITICIANS STILL HAVE NOT COME CLEAN - NEITHER HAS BARRACK OBAMA
To summarize and conclude, we should not expect a long overdue PROPER house cleaning to help us out of our economic depression, when we remain in a moral depression, thanks to our selfish, greedy, dishonest, rotten-to-the-core lawmakers, business leaders and our unrighteous president.
by JohnLindauer September 7, 2010 4:41 PM EDT People are disrespectful because so much was promised and so little delivered. The Obama Administration seems stuck in the idea that the only solution to business laying off employees because of a massive shortage of customers can come form federal spending. That, unfortunately, is an old idea that those who never studied macroeconomics think came from Keynes. (In fact, Keynes was an early hedge fund operator in addition to being a professor of economics and staunchly private enterprise and anti-government spending and regulations).
Today America and the world are short of liquidity. Worse, the banks are under pressure to hold their reserves instead of loaning them out to people and no businesses planning on being around in the future will increase or replace their current capacity no matter what the tax incentive. (few would spend a dollar on unneeded new equipment to save 50 cents in taxes?). The only answer For President Obama to save his presidency at this point is to replace the Bush-appointed Federal Reserve (governors & presidents), FDIC and Comptroller of the Currency appointees he retained/promoted. He needs blood - macroeconomists who understand 1) that no bank can make working capital and personal loans just because the overnight rate of interest goes down so they can borrow money for 24 hours, and 2) there is a shortage of liquidity but putting more reserves into banks and then requiring the banks to hold them to meet "stress test" requirements instead of loaning them out is foolish because it means no more money is available to loan, and 3) that the FED, FDIC and Comptroller already have the power via the various community reinvestment regulations to require the additiional liquidity to be loaned out.
President Obama retained and promoted Bush's unqualified economic appointees just as President Hoover did years ago with his predecessor's when the banks were forced to stop making loans by a similar shortage of liquidity. President Obama can go off to a job at the Obama Institute at Stanford just as Hoover did but meanwhile the rest of us need housing finance, jobs, and customers. We don't need more token federal programs and tax cuts, and they won't work even if they arrive. What we need costs nothing - for the Federal Reserve Open Market committee to put liquidity into our banks and, as in the past, andd require the banks to loan it out in their communities as the Community Reinvestment regulations require. Then there will be more customers and business will need more employees who will then be able to make their mortgage payments without federal help. -------------------------------------------------------
Good post finally someone posting some sensible stuff for these clueless and totally ignorant American public...
This public is so clueless of the American financial system that they make an Indian villager look mighty brilliant...
Its the damn Federal Reserve always playing politics with the financial system,and hence with the lives of clueless average American citizen.
This country is up the creek without a paddle! Obama has tried to address the economy, and the stimulus probably helped some, but not near what was expected. The only thing I lay at his door step however is his penchant for compromise (he's a fool). The republican congress has stymied him and he did not take to the airways to prosecute his case to the american people; he deserves the abuse he's receiving, as he appears to be gutless. With the majorities he controlled in 2008, he should have accomplished FAR MORE than what he has, to date, accomplished. That said, if the republicans wrest control of the congress from the democrats, we are doomed; it was them that drove this economy off a cliff. We will hit bottom over the next two years, regardless of who's in control prepare yourselves!
"And they're not always happy with me," Mr. Obama added. "They talk about me like a dog. That's not in my prepared remarks, it's just -- but it's true."
still placing blame for his lack of experience to be in the oval office -but more interesting, the fact that he's whining on top of it by stating the comment was not in his prepared remarks shows how unprofessional he can be
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A restoration of Fairness in broadcasting would have stopped this situation. The dogs must be very happy yappers that no one has codifed Fairness, and the FCC has done nothing about it. But they COULD have.
Obama's problem is he retained and promoted Bush's unqualified economic appointees just as Hoover did years ago with his predecessors. Maybe can go off to a job at the Obama Institute at Stanford just as Hoover did but meanwhile the rest of us need jobs and customers for our businesses - not speeches, "programs", and piddly tax cuts.
- NEITHER HAS BARRACK OBAMA
To summarize and conclude, we should not expect a long overdue PROPER house cleaning to help us out of our economic depression, when we remain in a moral depression, thanks to our selfish, greedy, dishonest, rotten-to-the-core lawmakers, business leaders and our unrighteous president.
People are disrespectful because so much was promised and so little delivered. The Obama Administration seems stuck in the idea that the only solution to business laying off employees because of a massive shortage of customers can come form federal spending. That, unfortunately, is an old idea that those who never studied macroeconomics think came from Keynes. (In fact, Keynes was an early hedge fund operator in addition to being a professor of economics and staunchly private enterprise and anti-government spending and regulations).
Today America and the world are short of liquidity. Worse, the banks are under pressure to hold their reserves instead of loaning them out to people and no businesses planning on being around in the future will increase or replace their current capacity no matter what the tax incentive. (few would spend a dollar on unneeded new equipment to save 50 cents in taxes?). The only answer For President Obama to save his presidency at this point is to replace the Bush-appointed Federal Reserve (governors & presidents), FDIC and Comptroller of the Currency appointees he retained/promoted. He needs blood - macroeconomists who understand 1) that no bank can make working capital and personal loans just because the overnight rate of interest goes down so they can borrow money for 24 hours, and 2) there is a shortage of liquidity but putting more reserves into banks and then requiring the banks to hold them to meet "stress test" requirements instead of loaning them out is foolish because it means no more money is available to loan, and 3) that the FED, FDIC and Comptroller already have the power via the various community reinvestment regulations to require the additiional liquidity to be loaned out.
President Obama retained and promoted Bush's unqualified economic appointees just as President Hoover did years ago with his predecessor's when the banks were forced to stop making loans by a similar shortage of liquidity. President Obama can go off to a job at the Obama Institute at Stanford just as Hoover did but meanwhile the rest of us need housing finance, jobs, and customers. We don't need more token federal programs and tax cuts, and they won't work even if they arrive. What we need costs nothing - for the Federal Reserve Open Market committee to put liquidity into our banks and, as in the past, andd require the banks to loan it out in their communities as the Community Reinvestment regulations require. Then there will be more customers and business will need more employees who will then be able to make their mortgage payments without federal help.
-------------------------------------------------------
Good post finally someone posting some sensible stuff for these clueless and totally ignorant American public...
This public is so clueless of the American financial system that they make an Indian villager look mighty brilliant...
Its the damn Federal Reserve always playing politics with the financial system,and hence with the lives of clueless average American citizen.
still placing blame for his lack of experience to be in the oval office -but more interesting, the fact that he's whining on top of it by stating the comment was not in his prepared remarks shows how unprofessional he can be