Dear Mr. President, With All Due Respect »
Posted By berkeley 10 months, 1 week ago in Political NewsWith all due respect Mr. President, Tim Geithner and Ben Bernanke are offering the same policies as President Bush and Secretary Paulson. Those policies are to bail out banks regardless of cost to taxpayers. Mr. President, it's hard enough to overlook Geithner's tax indiscretions. Mr. President, it is harder still. if not impossible, to ignore the fact that neither Geithner nor Bernanke saw this coming. Yet amazingly they are both **** sure of the solution. Even more amazing is the fact that solution changes every day.
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berkeley
If tyranny and oppression come to this land, it will be in the guise of fighting a foreign enemy. Of all the enemies to public ...
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4thchance10 months, 1 week ago
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Change we can beleive in!
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BIG change, as in, it's such a big change from the Bush administration, that it's the same!
I think it so funny how all you drones were so hot to vote for Obama. Obama promised change, but not one time did he ever define what that change was or was going to be. You see, only idiots vote for someone who does not say what their plans are. Yes, you're all idiot drones. Ahahahahahah, you got exactly what you voted for. You voted BLINDLY. Will you learn from this?
No you wont, because you're all brain washed drone idiots.-
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GLee10 months, 1 week ago
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I have to agree with you 4th. President Bush grew goverment out of control which is not a conservative way......... he became lost as a Republican in very trying times. Now Obama is drawfing Bush 3-4 fold. I can't get my head around the 'Change' that we voted in office. We are being pulled along with things that we don't want, Republican and Democrat alike. Liberal or Conservative........ I just don't think this is what the majority of the American public was looking for....... ??
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4thchance10 months, 1 week ago
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More "Change" we can beleive in...
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Obama's Budget is nearing 4 trillion dollars now. Obama will triple the spending amount in One short Month of what Bush spent in 8 years. So, I have to ask, where is all the Democrat liberal OUTRAGE over Obama's spending? You democrat drones were going nuts over what Bush was spending. CAN WE SAY HYPOCRITES, I do beleive we have the right to be calling you liberal democrats HYPOCRITES of the worst kind. It's quite sickening actually.
Do any of you have even the slightest clue to how much money 4 TRILLION DOLLARS is?
let me put (4 TRILLION DOLLARS) it into some perspective, if that's even possible to do.
lets say you had 4 TRILLION DOLLARS to spend. Lets say today you started spending 1 million dollars per day, EVERY DAY. 7 DAYS A WEEK, 365 DAYS A YEAR. Can you guess how many years it would take to spend 4 TRILLION DOLLARS, if you spent 1 million dollars per day every day?...are you ready for this.....it would take roughly 12,000 YEARS to spent 4 TRILLION DOLLARS at spending 1 million dollars per day. Don't beleive it, then do the MATH, you will see I'm correct. 12,000 FRICKIN' YEARS!
YES, this administration is completely INSANE. Obama and gang are simply winging it, they have no idea what the F*** they are doing.
If all this spending does not work to get the economy going again, there's no way Obama can blame ANYONE but HIMSELF. They are saying, Obama will spend more money over the next few months, then any one man has ever spend before in the history of planet earth. So, go ahead a try to blame Bush if all this spending fails to help the economy. This is Obama's baby and no one else's.
God Help Us if it does not work. Since I'm a reluctant part of this generation who is spending all this money. I'd like to take this opportunity to apologize to the next few generations for this HUGE financial burden we're placing on them. I'm so very sorry for what our president is doing to you. I REALLY AM TRULY SORRY! -
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tadair91910 months, 1 week ago
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actually, that's precisely the problem with the left and the right is that they see themselves as cheerleaders, and thinking is cut too shirt. it enables us to not have to critically analyze anything because we can merely pawn it off as the fault on the opposing team.
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"surely, this is just republican spewage."
or
"that's just liberal news." etc, tec... -
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Endoscopy10 months, 1 week ago
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And what do the liberals say about the horrendous spending that Obama is going to do. He says he will get it down to twice what Bush's average deficit was by 2012.
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How about the confiscatory taxes he is going to level against ALL of the people. That carbon offset/credit thing is going to make the cost of ANY energy be expensive. That will hit rich, middle class and poor. He admitted that BEFORE the election but everybody ignored it. Gas, electricity, fuel oil, etc. is going to be hit with very large taxes to raise $650 billion. That is money out of every bodies pocket. And he said he was only going to raise the taxes against the rich. Well liberals what do you say about that concept. Get ready to spend a lot on energy.
What about those things that he says he is going to do. Where is the criticism about the deficits now. Where is the criticism about raising the taxes on the poor and middle class. Stagflation here we come. The printing presses are going to work overtime to print the money or we are going to increase the interest payment on the borrowed money from 1/4 the budget to a much higher amount. Either way our money is going to be worth less. That will cripple the people on fixed incomes.
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nostalgia10 months, 1 week ago
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FTA:
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"Can you please tell us where you draw the line on taxpayer bailouts of Fannie Mae? Freddie Mac? AIG?"
We have the answer
Reuters: AIG, rescued twice last year by the US government, is asking for more aid and bracing for a fourth-quarter loss of roughly $60 billion
Obama Administration is going to bail out Citigroup for a third time
Fannie Seeks $15B After Posting Big Loss
Bloomberg.com: Obama May Put Fannie, Freddie on Federal Budget, Orszag Says
Fannie Mae and Freddie Mac’s $6.6 trillion of liabilities may be added to the federal budget once the Obama administration has time to review the potential consequences, White House budget director Peter Orszag said.
President Barack Obama’s budget blueprint released yesterday didn’t incorporate the mortgage-finance companies, which the government seized in September, because economists haven’t had enough time to analyze the implications, Orszag said yesterday in a Bloomberg Television interview. He advocated adding the debt last year when he was running the Congressional Budget Office.
Obama’s budget outline said Fannie and Freddie will need $173 billion in federal aid through 2011. Washington-based Fannie said yesterday it will draw $15.2 billion from a $200 billion emergency fund set up by the U.S. Treasury Department. McLean, Virginia-based Freddie, which has already received $13.8 billion in aid, said last month that it will need as much as $35 billion.-
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4thchance10 months, 1 week ago
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In MY OWN opinion, here's what I think the Gov should do...ABSOLUTELY NOTHING!
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These companies were and are ran by a bunch of thieving, no good for nothing, greedy, dishonest scumbags. They are responsible for what they have done to their own F****** companies. They have bilked and or mismanaged their own companies into ruins.
Dear Obama, DO NOT BAIL THEM OUT, just let them all fall. If you bail them out, they will only pillage the money you give them. Obama is nuts to give these creeps any more money, just let them melt down into NOTHING. Bush tried to bail them out, it did not work. So, our great leader Obama is going to try it again...that's just brilliant!
With leadership like this administration, we have only one way we can go...straight into total economic MELT DOWN. In short, we are screwed. We all should get prepared for what's coming. If you think things are really bad right now, just wait a year or so, you ain't seen nothing yet!!!!! -
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quackpot10 months, 1 week ago
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NO way to balance the budget without:
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--stabilizing the economy and
--cutting military spending, which amounts to over half of the income dollars spent.
The jury is out on Obama's attempts to stabilize the economy.
Obama's proposed budget, with an INCREASE in military spending, makes any thought of a balanced budget a joke.-
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4thchance10 months, 1 week ago
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Obama's proposed budget has military spending CUTS not spending increases.
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The world today is probably the most dangerous it's ever been in history. So, do you really think now is a good time to cut back on our military? That sounds a bit insane to me. But, if you want us to fail as a country, then sure, lets just get rid of our military all together and get it over with. Can you speak Chinese, well, you better learn to.
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canadianrancher5710 months, 1 week ago
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I hope this comment makes some sense to those who read it since it is a little different. I like to attend auction sales and figure that it is a good way of getting equipment at sometimes bargin prices, When the auctioneer asks for $100 for an item you don't jump up and bid right away, you sit and wait until the price drops to the very lowest level before you start thinking about bidding. This is what the government should have done with their stimulus plan, they should have waited until things shock themselves out before putting any money toward anything, it might of resulted in some really tough times but that is what it is going to take to change this situation around and I fear that a great deal of money has already been wasted that could have been better used if we had started at the bottom. I honestly believe that feeding the unemployed and underfed would have cost a lot less than what the government has been doing and that is feeding the overfed.
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It seems odd that the word CHANGE really has no meaning anymore, not for politicians or those who are receiving government money [the peoples money]. -
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simonsez10 months, 1 week ago
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Even Warren is concerned ...
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Commenting on the federal government's actions to resolve the economic crisis, Buffett said: "Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once-unthinkable dosages will almost certainly bring on unwelcome aftereffects."
http://www.marketwatch.com/news/story/Berkshires-B... -
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