This Will Never Happen??????

[Anmar]

As i've said many times before, both parties are corrupt.  And Bush did kiss up to the mid east allies, read about his dealing with the Saudi's post 9/11.

[Teresa]

But....Bush is not the President..
So give it a rest.
and Obama ..as far as I can see..has only dug us into a hole so deep that we will never get out.
He could have NOT signed and pushed all he pushed through.. He didn't.. He not only pushed it through and got us in to one hell of a financial mess.. he continues to push for his socialistic agenda.
.

[Anmar]

Bush currently isn't the president, you are correct.  That doesn't mean we can't talk about him and his role in the bailouts.

Bush signed the first of the most recent Bailouts on October 8th 2008.  Then, in december after congress decided not to bail out the auto industry, Bush gave them money too.

It's actually necessary to bring up Bush in this thread, because the Original Post attributes a lot of things that Frawin and many others consider wrong to Obama.  This just isn't true.  Obama may have continued some poor policies, but these policies were enacted by previous presidents, including Bush.

People keep talking about Obama's socialist Agenda.  He doesn't have one.  What we are seeing is a principle of Keynsian economics, which is based on capitalist theory.  Some day i'll write something showing the differences, but look it up if you have the time.  The economic advisers under Bush were also followers of Keynes, so really you are just seeing different stages of the same monetary and economic policy.

It's pretty bad when people's partisanship starts to affect their ability to see the truth.

[Varmit]

Socialism (as defined by dictionary.com)- Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy.


How is obama not doing this???

[Anmar]

Socialism (as defined by dictionary.com)- Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy.


How is obama not doing this???

For starters, it was Bush, not Obama, that purchased stocks in the Auto and Banking industry.

Second, said ownership is temporary.  In the case of Banking, the means of production and distribution are not being controlled by the government.  Can't say the same about the Auto Industry, but it can be said that ownership and control is going to be very temporary.  Thats not Socialism, that Keynsian economic theory.

[srkruzich]

Second, said ownership is temporary.  In the case of Banking, the means of production and distribution are not being controlled by the government. 

I'll believe that when i see the money repaid and the government relenquishes control of the banks.  As for the auto industry, the govt should have never bailed them out.   The truth be known if the auto industry would open their eyes and restructure and get with the times, I myself would put money into their stock.  Now is the time to buy if we can get a idea if their going to possibly survive.  i think stocks for the automakers is like around 2 bucks a share.

[Anmar]

I think all of the bailouts were bad ideas.  Bad companies should be allowed to fail.  They are in the situation for a reason, they made bad decisions.  Not all the auto companies are doing poorly, Ford is in reasonable shape.  There are a lot of banks across the coutnry that are doing very well, because they didn't get into Credit Default Swaps.  I completely agree on this point.  But blaming Obama for the bailouts and claiming it's socialism is not really honest.

I thought it was funny that when Obama announced that there would be salaray caps for banks taking TARP money, many of the banks immediatly sold shares to try and pay back the government loans.  Nothing makes a bank healther than telling them there are strings attached to TARP.

[Teresa]

I love the smell of Socialism in the morning

with his added thoughts of:
You people stink, and I will cleanse you of your past and create a new world order. Just like Soros told me to do....Heil Obama!

[Teresa]

The American people are getting just what they want. They want, our balance to be ruled over by people who have no integrity. They give them money, they work on their campaigns for, they defend them. The people who oppress us are empowered by us collectively.
Whenever a person accepts help in any way from a government,
they are surrendering their freedom and liberty.
How much freedom and liberty have you surrendered to government bureaucrats? 

Seriously..... we all  would have said that we knew that we were going to be in big Trouble, but I don't think we ever dreamed just how big that trouble would be.

Even paying attention, I would have said to a lot of that garbage (like taking over the auto industry)......That Will Never Happen In America.
Not anymore.
I will believe that in the next 4 years.. anything is possible.                                                

[srkruzich]

we only have to stall the for another 18 months then vote their butts out.