Obama Stimulus

[Guest Guest]

Someone keeps saying so what would you do in these threads. Well don't know about now but we kept hearing about the housing market and all the bad loans that were dragging down the banking industry 5 months ago, this they were saying was the main source of the financial mess. No loans being available because of the money tied up in these burdensome loans. Well this is just a projection I don't have the numbers in front of me but I would be willing to bet that instead of just giving the banking industry bailout money if we would have taken off their hands these loans by purchasing them it would have made a significant difference as to what the atmosphere would be on March 3rd. And I would be willing to bet it would have been much less costly to the taxpayers in the long haul. At some point after contemplation instead of knee jerk reactionary decisions we could have done the right thing with those loans / property's.

 

 

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[Guest guest]

Many people, I believe, have been stunned by the President’s behavior in his first weeks in office. It’s been a shock and awe performance. Historians of this period will look back in wonder: how ever did a new President waltz into office and, before he had even finished unpacking, extract $800,000,000,000 from taxpayers for for partisan spending programs?

[Ignorant Poster]

Many people, I believe, have been stunned by the President’s behavior in his first weeks in office. It’s been a shock and awe performance. Historians of this period will look back in wonder: how ever did a new President waltz into office and, before he had even finished unpacking, extract $800,000,000,000 from taxpayers for for partisan spending programs?

 

He actually hasn't extracted anything, he's going to be borrowing this ridiculous sum and printing it up. When he's finished, he'll hand the mess over to osmeone else and say it was all Bush's fault that he spent so much.

[Guest Guest]

He actually hasn't extracted anything, he's going to be borrowing this ridiculous sum and printing it up. When he's finished, he'll hand the mess over to osmeone else and say it was all Bush's fault that he spent so much.

I agree that does look like his plan and of course he'll expect to see most of the extras he puts into his social agenda kept afterward.Kid of like we kept Johnsons welfare plans. He was the start of the down grading of society.

 

 

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[Guest Guest]

DOW down another 37 today. When will Obama realize that his war against capitalism and for entitlements and socialism is having a catastrophic effect on our country. When will he realize that he has to reverse course on his recent budget proposal, revise his stimulus efforts to those that have immediate effect, and to realize that his appointment of Geithner as treasury secretary was a huge mistake. This guy doesn't have a clue and doesn't have a plan.

 

Is this what you liberals wanted when you voted for him? Are you proud of and agree with what he has done so far??

[BlackSven]

DOW down another 37 today. When will Obama realize that his war against capitalism and for entitlements and socialism is having a catastrophic effect on our country. When will he realize that he has to reverse course on his recent budget proposal, revise his stimulus efforts to those that have immediate effect, and to realize that his appointment of Geithner as treasury secretary was a huge mistake. This guy doesn't have a clue and doesn't have a plan.

 

Is this what you liberals wanted when you voted for him? Are you proud of and agree with what he has done so far??

 

And your proposal to stimulate the economy would be to ______________

 

Fill in the blank.

 

 

@

[Guest Guest]

And your proposal to stimulate the economy would be to ______________

 

Fill in the blank.

 

First of all, read the post:

 

"reverse course on his recent budget proposal, revise his stimulus efforts to those that have immediate effect, and to realize that his appointment of Geithner as treasury secretary was a huge mistake. This guy doesn't have a clue and doesn't have a plan."

 

Then, lets add a few more:

 

* Keep you promise to not accepting earmarks and don't propose a new budget with approx. 9,000 of them.

* Stop his war against capitalism and, in fact, encourage it.

* Stop thinking that more taxes and bigger government is the solution to all problems.

* Stop rewarding bad behavior in you entitlement and bailout programs.

 

Just getting started but have to sign off now. If you want more, this is only scratching the surface of Obama's misguided efforts and how they should be changed.

 

[BlackSven]

First of all, read the post:

 

"reverse course on his recent budget proposal, revise his stimulus efforts to those that have immediate effect, and to realize that his appointment of Geithner as treasury secretary was a huge mistake. This guy doesn't have a clue and doesn't have a plan."

 

Then, lets add a few more:

 

* Keep you promise to not accepting earmarks and don't propose a new budget with approx. 9,000 of them.

* Stop his war against capitalism and, in fact, encourage it.

* Stop thinking that more taxes and bigger government is the solution to all problems.

* Stop rewarding bad behavior in you entitlement and bailout programs.

 

Just getting started but have to sign off now. If you want more, this is only scratching the surface of Obama's misguided efforts and how they should be changed.

 

 

That's how we got here to begin with

[Buddha-Baby]

And your proposal to stimulate the economy would be to ______________

 

Fill in the blank.

 

 

@

 

 

Free Ky?

[BlackSven]

Free Ky?

 

Economy, buddha - try and stay on topic

[Buddha-Baby]

Economy, buddha - try and stay on topic

 

 

I saw stimulate....

[BlackSven]

I saw stimulate....

 

I know, I know....

 

[Guest Guest]

That's how we got here to begin with

 

 

So,, let me get this straight. It sounds like Obama's your man and in combination with Pelosi and Reid, you couldn't be happier with what he has done so far.

 

Brilliant!

 

[BlackSven]

So,, let me get this straight. It sounds like Obama's your man and in combination with Pelosi and Reid, you couldn't be happier with what he has done so far.

 

Brilliant!

 

I'm sorry, did I say that?

 

Pelosi and Reid are a joke.

 

I can tell you honestly I Don't Know if what Obama did will make things better or worse. But doing something is better then ignoring it like the last administration did.

 

 

@

 

 

 

[Guest Dick]

I'm sorry, did I say that?

 

Pelosi and Reid are a joke.

 

I can tell you honestly I Don't Know if what Obama did will make things better or worse. But doing something is better then ignoring it like the last administration did.

 

The last administration didn't ignore anything. They started this joke by bailing out the banks. None of this, clearly, is working. We are nowhere near depression conditions and they (both administrations) have nationalized way too much. The reason the Dow keeps tanking is because no has any confidence that they'll make anything on their investments. This October, the capital gains taxes are going up and anyone making over $250,000, the ones that pay over 40% of the taxes, already know they're getting the screws. This guy is simply a one-termer, let's hope at least.

 

[BlackSven]

The last administration didn't ignore anything. They started this joke by bailing out the banks. None of this, clearly, is working. We are nowhere near depression conditions and they (both administrations) have nationalized way too much. The reason the Dow keeps tanking is because no has any confidence that they'll make anything on their investments. This October, the capital gains taxes are going up and anyone making over $250,000, the ones that pay over 40% of the taxes, already know they're getting the screws. This guy is simply a one-termer, let's hope at least.

 

 

Try again -

 

http://seattlepi.nwsource.com/business/390...meltdown02.html

 

 

Anyone making over 250K pay 40% of the taxes? Where did you get this info?

[Guest Guest]

I'm sorry, did I say that?

 

Pelosi and Reid are a joke.

 

I can tell you honestly I Don't Know if what Obama did will make things better or worse. But doing something is better then ignoring it like the last administration did.

 

You may not know if Obama has made things worse, but the knowledgeable people in the finance business sure don't like what he's done so far. That's the point of this whole thread.

 

So you support doing anything even if it is proving to be disastrous? Not what most would feel appropriate for such an important issue.

 

[BlackSven]

You may not know if Obama has made things worse, but the knowledgeable people in the finance business sure don't like what he's done so far. That's the point of this whole thread.

 

 

Those in finance tend to look after themselves, so no - I don't.

 

 

So you support doing anything even if it is proving to be disastrous? Not what most would feel appropriate for such an important issue.

 

Proving to be disastrous? Most of the bills haven't been passed yet and the guys been in office 6 weeks. You want instant gratification and instant money? That's what got us here.

[Guest Dick]

Try again -

 

http://seattlepi.nwsource.com/business/390...meltdown02.html

 

 

Anyone making over 250K pay 40% of the taxes? Where did you get this info?

 

First, the Bush administration passed a $400 billion + stimulus package last fall to bail out the banks. This is not ignoring the problem. Second, my point was that Bush too made the situation worse by nationalizing this credit. Third, my numbers were a little off. It's worse than what I had quoted. But, don't take my word or that of the link. Look it up elsewhere, you'll see.

 

http://www.ntu.org/main/page.php?PageID=6

 

 

[BlackSven]

First, the Bush administration passed a $400 billion + stimulus package last fall to bail out the banks. This is not ignoring the problem. Second, my point was that Bush too made the situation worse by nationalizing this credit. Third, my numbers were a little off. It's worse than what I had quoted. But, don't take my word or that of the link. Look it up elsewhere, you'll see.

 

http://www.ntu.org/main/page.php?PageID=6

 

 

Did you even read the link I posted?

 

 

@

[BlackSven]

First, the Bush administration passed a $400 billion + stimulus package last fall to bail out the banks. This is not ignoring the problem. Second, my point was that Bush too made the situation worse by nationalizing this credit. Third, my numbers were a little off. It's worse than what I had quoted. But, don't take my word or that of the link. Look it up elsewhere, you'll see.

 

http://www.ntu.org/main/page.php?PageID=6

 

 

 

Do you know what AGI means?

[road runner]

Here is a quote from todays Wall Street Journal, who I think know more about the economic problems we are in than any poster here, certainly more than Pres. Obama. The article is entitled "the Obama Economy" March 3rd. "What has happened in the last two months? The economy has received no great new outside shock. Exchange rates and other prices have been stable, and there are no security crisis of note. The reality of a sharp recession has been known...since last year's fourth quarter. What is new is the unveiling of Mr Obama's agenda and his approach to governance...one negative revelation has been the way he has chosen to spend his resources on income transfers rather than promote growth. Most of his "stimulus" spending was devoted to social programs rather than public works, and nearly all of his tax cuts were devoted to income maintainence rather than to improving INCENTIVES TO WORK OR INVEST...Listening to Mr Obama and his chief of staff Rahm Emmanuel we couldn't help but wonder if they appreciate any of this."

[Guest Guest]

You may not know if Obama has made things worse, but the knowledgeable people in the finance business sure don't like what he's done so far. That's the point of this whole thread.

 

 

Those in finance tend to look after themselves, so no - I don't.

 

 

So you support doing anything even if it is proving to be disastrous? Not what most would feel appropriate for such an important issue.

 

Proving to be disastrous? Most of the bills haven't been passed yet and the guys been in office 6 weeks. You want instant gratification and instant money? That's what got us here.

 

Black - I guess we have to make it simple for you & dumb this down:

 

1 The stock market reacts to current events that could affect it.

2 The stock market obviously doesn't like what it sees for it's future

3 If the stock market saw hope in Obama's liberal socialist entitlement anti-capitalism agenda, it would express optimism. It obviously hasn't.

 

The point of this whole thread.

[Guest Dick]

Do you know what AGI means?

 

Yes, BlackSven, I do know what it means. So what? Tell me, in your own words, what does the adj. gross income of anyone have to do with this debate? This is after one's deductions. And, yes, I did read your post. It's from December 1st. Let me educate you... What this article states is that the Bush administration ignored warnings of the collapse YEARS before the collapse. Fine, he's partially to blame. But, are you indicating that the Bush administration didn't bail out the banks? They did, once the economy collapse. And, the bailout made absolutely nothing better. What is your argument?

 

[BlackSven]

Black - I guess we have to make it simple for you & dumb this down:

 

1 The stock market reacts to current events that could affect it.

2 The stock market obviously doesn't like what it sees for it's future

3 If the stock market saw hope in Obama's liberal socialist entitlement anti-capitalism agenda, it would express optimism. It obviously hasn't.

 

The point of this whole thread.

 

 

 

Thank you Kreskin