If you had one million one-dollar bills and stood on a street corner giving
them away at the rate of one per minute, it would take you three years to
get rid of them all at 24 hours per day. To give away a billion of them
would take 3,000 years. A TRILLION would take you THREE MILLION YEARS.
And how many hours did it take obama to sign the pelosi pork bill? Did
you notice that this last 400+ billion spending bill obama hid in his
To paraphrased what he said: I plan to eliminate earmark spending and
will give the American people 5 days to review any spending bill before
I sign it.
One of many promises already broken.
He never said that, that kind of paraphrasing is misleading. That was
McCain who talked about eliminating pork. Obama pledged to "reform
25 out of 28 recipients of pork in the last bill were Repuglicans.
Try to get it right.
I suppose you can rationalize away the five days, no lobbyist, and other
promises that have been broken.
How about the obama effect, 30% decrease in the stock markets since he
was elected, instead of the 10% rise that has happened for every
presidential election for the last century except two other democrats;
Carter, and Wilson?
Tell me the truth. You're one of Timbit's relatives aren't you?
The man was elected right at the beginning of an increasing, serious
recession and you expect a stock increase? If you're going to argue about
some topic that has absolutely nothing to do with woodworking, at least make
*some* attempt to argue it intelligently.
He was elected near the *END* of a recession wherein it is reasonable to
expect improvement (the average recovery from recession is something like
18-24 months). The Obamfuhrer is actually *lengthening* the recession
with his idiot policies.
This coming from someone who's entire rhetorical range consists of
fulminating, personal attacks, and whining...
Tim Daneliuk firstname.lastname@example.org
I am disappointed that the Obama administration has failed to live up to
some of the promises made before the election, an example being the new No.
2 guy at the Pentagon being a former defense contractor lobbyist. I can't
believe he was the only person good enough for that job that they had to
waive the promise about pushing lobbyists away from the table in Washington.
Things like that suggest the new administration is discovering that
governing is somewhat more difficult than making promises.
The economy crashed while Bush was still in office, to imagine that a
catastrophe that widespread would magically reverse itself the day Obama was
sworn in is childish. If a ship ends up on the rocks the guy you want to
talk to is whoever was Captain when it happened, not his replacement after
Yup, Clinton signed a couple of bills (passed by a Republican-controlled
Congress) that directly facilitated the financial collapse by loosening
regulation of the banks, he still defends doing so to this day too. Of
course that doesn't mean the next administration gets a pass from failing to
recognize what was happening. None of the bastards wanted to call an end to
the party no matter how wild it got, so long as the market was going up they
chose to look the other way. You'd think the Great Crash of 1929 would have
taught us to avoid this sort of unregulated speculatory greed, but
apparently not. I'm no fan of big government, but at the point where my tax
dollars are being used to rescue giant banks run by morons who gambled and
lost (and paid themselves multi-million-dollar bonuses even as their
companies crumbled around them), I want the sonsofbitches forced to play by
rules that will keep it from happening again. Time for some re-regulation,
we tried it the other way and look what it got us.
Any argument that fails to cite the CRA and the impact of community
organizers threatening legal and civil action against banks is missing the
root cause of the problem. During the Clinton administration, the Reno
justice department threatened prosecution of banks whose lending practices
in certain neighborhoods did not meet their quotas (numerous links to this
can be found using ask.com with the search criteria "janet reno justice
department prosecution banks lending minority" The Bush administration
tried 11 times to reform Fredie Mac/Fannie Mae oversight and was demonized
by the media and people like Barney Frank as being bigots and racists
because those entities were just fine while they continued to lower lending
standards to the point that welfare payments were considered OK to use as
income for loan qualification.
This whole notion that somehow greedy bankers were the root cause of this
disaster is laughably absurd. Taking for the moment, the notion that
bankers and investment firms are greedy SOBs only out for fiscal gain. It
defies logic how any of these people, absent external coercion, would get
together and say, "Hey, I've got an idea for more loan money! Let's start
making loans to people we know won't be able to pay them back. But what
we'll do, we'll take those loans, split them up into securities and sell
the securities!" That doesn't even pass the laugh test. A rational person
would agree that the more likely scenario is a group of bankers getting
together and saying, "OK, we're gonna have huge legal and regulatory issues
if we don't start making these sub-prime loans. Any one of our banks is
going to go down in flames if the risk is upon only banks in high-risk
areas. Let's spread the risk around by diluting what we know will be bad
loans with good ones, that way, the losses will be spread and hopefully
everyone will be able to stay afloat and remain profitable". The only
thing not taken into account was the continued lowering of standards by
Fannie/Freddie and the demand-loop that increased housing prices beyond
rational. Then, when the bubble did eventually burst, those sub-prime
problems were magnified because the cost of all housing had been driven up.
If you're going to be dumb, you better be tough
Heck no! They're bankers because they like us and wish us well. If
there was a way for them to make us all happy without them making a
penny, they would do so.
I can not even TRY to entertain your hypotheticals without breaking
out. First into a sweat, then into uncontrollable laughter.
I would like a referral to your drug dealer, Mark.
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