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RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 9:13:07 AM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
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quote:

ORIGINAL: rulemylife



The only president to put the US in a position of private industry ownership has been Obama; by definition a Fascist act.


Did you do a Rip Van Winkle and just wake up when Obama took office?

A plan designed by Democrats and passed by Democrats...once they got enough Republican votes so they could share the inevitable blame for its failure.

quote:



• Pending home sales rise in June for the fifth straight month
WASHINGTON – Pending U.S. home sales rose in June for the fifth straight month, another encouraging sign of life for the embattled U.S. housing market, the National Association of Realtors reported Tuesday.

For June, the Realtors group said its pending home sales index rose 3.6 percent to 94.6, from an upwardly revised reading of 91.3 in May. The last time there were five consecutive monthly gains was July 2003.

The results were far better than analysts expected. Economists surveyed by Thomson Reuters expected the index to come in at 91.2.





If you want to credit Obama with this "turnaround" then you would also have to credit him for the foreclosures that make up 40% of the sales and the continuing drop in the median price of those sales (except for pockets of Orange County...yay!)
quote:


A Bush Administration economist being relied upon for positive projections? Interesting. I thought the economy was Bush's fault? Would faith in his chief economic adviser be wise?


Slept through this one too huh?  How many administrations, Republican and Democrat, did Greenspan work with?



Misses the point. In fact sharing the blame for Greenspan would have been met with "Bush kept him", so spare us the faux indignation. Greenspan is trying to protect his legacy.
quote:


In looking for the Greenspan reference I found that the current Treasury Secretary doesn't think current policy decisions have been felt enough. He says the job market will get worse.


Myself, I think it's kind of refreshing to hear some straightforward talk.

Remember when Bush was telling us up to October of last year that the economy was sound and we didn't need to fear a recession, when in fact, we had been in a recession for most of 2008.

Nice selective memory. Obama says economy is sound

quote:


The numbers could hardly be more stark: Tax receipts are on pace to drop 18 percent this year, the biggest single-year decline since the Great Depression, while the federal deficit balloons to a record $1.8 trillion.

.
quote:


And does this possibly relate to the fact we have had the worst economic downturn since the Great Depression?



And does this possibly relate to the current administrations self admitted failure to recognize the extent of the problem and failing to provide stimulus when it is needed, instead of timed for 2010 elections?












(in reply to rulemylife)
Profile   Post #: 201
RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 9:30:05 AM   
rulemylife


Posts: 14614
Joined: 8/23/2004
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quote:

ORIGINAL: Maverick481

Yes, but even for that 10% that MIGHT get thrown out the doctor has to cover himself for those instances. I've talked to Doctors who tell me about lawsuits brought against them that are settled just to make them go away and they are frivilous lawsuits. Alot of Doctors settle these things out of court instead of dragging their name through the mud and ruining the practice and costing them money when they have to appear in court. If we had tort reform and the loser had to pay I know from the Doctors I have talked to they would fight more of the cases because they know they would win and it would cost the plantiff money that most of them can't afford. The fact that you say there are not a lot of frivilous lawsuits shows how out of touch with reality you are in this matter. Have you talked to Doctors about this issue? Do you have friends that are Doctors that can tell you about this issue.

Some of the lawsuits that I have heard about from Doctors are just insane. But hey, what the hell. It's an easy payday for someone and it doesn't hurt anyone but those rich greedy Doctors who spent hundreds of thousands of dollars to become a Doctor.




The Myth Of The Frivolous Lawsuit « LawReadernews.lawreader.com



One of the catch phrases of tort reformers is “frivolous lawsuits” – a lawsuit that has no legal basis, or is so petty that the suit isn’t justified.  Often, tort reformers cite high profile cases, such as the McDonalds coffee case[1] to try and show that the court system is “broken” and that “runaway juries” routinely award ridiculously large verdicts in frivolous cases.

Tort reformers argue that these “frivolous lawsuits” are “clogging the courts” and cost honest, taxpaying citizens billions of dollars every year.  They further claim that the only way to stop “frivolous lawsuits” is to pass legislation that will make it more difficult to file a “frivolous lawsuit.”

What tort reformers don’t tell you is that the legal system already has three safety mechanisms in place to prevent, dismiss, and correct “frivolous lawsuits” and “runaway jury verdicts.”  The first mechanism, the contingent-fee agreement, prevents frivolous lawsuits from being filed in the first place..............


The Contingent-Fee Agreement:

 Have you ever seen or heard an ad for an attorney who promises something like, “No cost to you unless we collect!”?  That’s a contingent-fee agreement; whether the attorney gets paid is contingent upon the attorney collecting money for you..................


So, what happens if an inept lawyer decides to file a frivolous lawsuit?  The second safety mechanism, the Summary Judgment, would be used to dismiss the suit.



The Summary Judgment:

Tort reformers say that the courts are overwhelmed with “frivolous lawsuits” – lawsuits that have no legal basis, or are so petty as to not be worth the time of the court system.  They say that to protect the justice system, we need to make it harder for individuals to file lawsuits.


But what if instead of putting barriers up that could prevent legitimate lawsuits from being filed, there was a tool that could quickly and easily dismiss frivolous lawsuits?  What if this tool not only dismissed frivolous lawsuits, but could also be used to force the plaintiffs in frivolous lawsuits to pay the attorney fees of the defendant?  Wouldn’t such a tool be a better solution than passing laws that would hurt individuals with legitimate lawsuits?

This tool not only exists, but has been in use in America since 1937; it’s called the Summary Judgment.

The purpose of the summary judgment is to determine whether there is a genuine need for trial.   When a party files a motion for summary judgment, they’re telling the court that there is no need for trial because the facts and law applicable to the case would prevent the other side from winning..............


Let’s assume that somehow a frivolous lawsuit makes it past summary judgment and a “runaway jury” awards more money then they should.  Several judicial remedies exist to correct these verdicts.


Directed Verdicts:


Most people think that a jury can make whatever decision they want.  This isn’t the case at all.  A judge can issue a directed verdict, which tells the jury that they must make a certain decision................



Judgment Not Withstanding The Verdict (JNOV):


Everyone is familiar with the concept of appealing a decision; if you lose your case, you can generally appeal it to a higher court.   However, not everyone is familiar with a Judgment Not Withstanding the Verdict (JNOV).  JNOV is an acronym for Judgment non obstante veredicto, which is Latin for “notwithstanding the verdict”.

A JNOV is one of the ways that a judge can reduce the dollar amount of a verdict.  Some states require that an attorney file a motion for a JNOV, while other states allow a judge to issue a JNOV sua sponte, which is Latin for “of its own accord.”  A JNOV can set aside an entire verdict, or just parts of a verdict..............



Settling After a Decision:


In many cases, such as the famed McDonald’s coffee case, the plaintiffs in a lawsuit will settle the case for less than they were awarded.  In the McDonalds case, Stella Liebeck was awarded $2.7 million dollars, and the judge reduced the award to $480,000.  Stella settled with McDonalds for a confidential amount less than $480,000.


Appealing The Decision:


The majority of cases where a jury awards millions of dollars are appealed, and many times, those verdicts are reduced or overturned on appeal..............



Tort reform isn’t about fixing a “broken” justice system; it’s about protecting the public image and bottom lines of the biggest and most powerful companies in the world.

Tort reform isn’t about protecting doctors from high insurance rates; it’s about protecting their insurers from having to pay large judgments.  Tort reform isn’t about keeping “greedy lawyers” from filing frivolous lawsuits; it’s about keeping those who are severely injured out of the court system and away from the public eye.

< Message edited by rulemylife -- 8/4/2009 9:34:56 AM >

(in reply to Maverick481)
Profile   Post #: 202
RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 9:33:42 AM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline

quote:

ORIGINAL: Brain

Orly Taitz Melts Down On MSNBC, Blames MSM "Brownshirts" (VIDEO)

The conventional wisdom is that August is the slowest month for news, thus it's tailor-made for the "Birther" movement -- crazies that come hand-delivered to the media in their month of need, like barrel-dwelling fish that shoot themselves. Today, they're waving around a supposed "Kenyan birth certificate" for President Barack Obama without regard to the fact that it would have to have come from an alternate reality where Kenya became Kenya before Kenya was Kenya, and on which Obama is said to have been born in a city that was actually part of Zanzibar at the time of his birth.

http://www.huffingtonpost.com/2009/08/03/orly-taitz-melts-down-on_n_250441.html


She's completely round the bend.

The Supposed Kenyan birth certificate is a photoshop of an Australian birth certificate available on some guy sgenealogy site.
http://washingtonindependent.com/53658/is-this-the-source-of-the-forged-kenyan-birth-certificate

(in reply to Brain)
Profile   Post #: 203
RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 9:46:31 AM   
rulemylife


Posts: 14614
Joined: 8/23/2004
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quote:

ORIGINAL: willbeurdaddy

My brother was an optometrist, not even a doc. His malpractice premiums were ridiculously high even before he had a settlement. A patient came in, was referred to an MD immediately for glaucoma. The guy didnt bother to go, and 2 years later sued my brother, and despite having clear contemporaneous records of the referral, his insurance company settled well into 5 figures.



If the insurance company settled they settled for a reason.





(in reply to willbeurdaddy)
Profile   Post #: 204
RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 9:51:09 AM   
cadenas


Posts: 517
Joined: 11/27/2004
Status: offline
quote:

ORIGINAL: Maverick481


quote:

ORIGINAL: MmeGigs

quote:

ORIGINAL: Maverick481
You are absolutely correct we need tort reform. And one step further. Loser pays!

That part right there will get rid of a ton of frivilous lawsuits. I don't have a problem with being able to sue but I have a problem with some of the lawsuits that are frivilous and tie up the court systems.


Except that there aren't a ton of frivilous lawsuits. A study found that in 90% of malpractice cases, the plaintiff was actually injured, and that the vast majority of injured folks don't sue. It also found that the 10% of frivilous cases don't tie up the court system, they get thrown out.

Tort reform is a distraction in the health care debate. The U of Mich hospital was able to cut its malpractice costs by 2/3 by studying injury cases to make sure they don't repeat those mistakes, and apologizing when they screwed up and trying to make it right. That's way more of a savings than any kind of tort reform has been claimed to be able to deliver.


Yes, but even for that 10% that MIGHT get thrown out the doctor has to cover himself for those instances. I've talked to Doctors who tell me about lawsuits brought against them that are settled just to make them go away and they are frivilous lawsuits. Alot of Doctors settle these things out of court instead of dragging their name through the mud and ruining the practice and costing them money when they have to appear in court. If we had tort reform and the loser had to pay I know from the Doctors I have talked to they would fight more of the cases because they know they would win and it would cost the plantiff money that most of them can't afford. The fact that you say there are not a lot of frivilous lawsuits shows how out of touch with reality you are in this matter. Have you talked to Doctors about this issue? Do you have friends that are Doctors that can tell you about this issue.

Some of the lawsuits that I have heard about from Doctors are just insane. But hey, what the hell. It's an easy payday for someone and it doesn't hurt anyone but those rich greedy Doctors who spent hundreds of thousands of dollars to become a Doctor.



Tort reform is a red herring; it accounts for a minuscule part of health care cost - less than 1%. Nothing like the 30% administrative overhead in private health insurance companies.


(in reply to Maverick481)
Profile   Post #: 205
RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 10:12:35 AM   
cadenas


Posts: 517
Joined: 11/27/2004
Status: offline
Most such reports about lawsuits are urban legend - the infamous McDonalds hot coffee lawsuit is the best-known such example.

Could you share the exact case citation so I can look up the details of what really happened? I notice that you only say that the patient "sued your brother" but did not actually say what he sued your brother for, nor what state that was in. Since you say that his malpractice insurance was already high, how many malpractice lawsuits has your brother had before?

quote:

ORIGINAL: willbeurdaddy
My brother was an optometrist, not even a doc. His malpractice premiums were ridiculously high even before he had a settlement. A patient came in, was referred to an MD immediately for glaucoma. The guy didnt bother to go, and 2 years later sued my brother, and despite having clear contemporaneous records of the referral, his insurance company settled well into 5 figures.

(in reply to willbeurdaddy)
Profile   Post #: 206
RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 10:22:50 AM   
cadenas


Posts: 517
Joined: 11/27/2004
Status: offline
quote:

ORIGINAL: DomKen


quote:

ORIGINAL: Brain

Orly Taitz Melts Down On MSNBC, Blames MSM "Brownshirts" (VIDEO)

The conventional wisdom is that August is the slowest month for news, thus it's tailor-made for the "Birther" movement -- crazies that come hand-delivered to the media in their month of need, like barrel-dwelling fish that shoot themselves. Today, they're waving around a supposed "Kenyan birth certificate" for President Barack Obama without regard to the fact that it would have to have come from an alternate reality where Kenya became Kenya before Kenya was Kenya, and on which Obama is said to have been born in a city that was actually part of Zanzibar at the time of his birth.

http://www.huffingtonpost.com/2009/08/03/orly-taitz-melts-down-on_n_250441.html


She's completely round the bend.

The Supposed Kenyan birth certificate is a photoshop of an Australian birth certificate available on some guy sgenealogy site.
http://washingtonindependent.com/53658/is-this-the-source-of-the-forged-kenyan-birth-certificate


Plus, even if it was genuine, it would actually be proof that he was a natural-born citizen; it lists a US citizen as his mother. That's generally enough to make him a US citizen.

What I find even more surprising in all this is that John McCain really WAS born abroad.


(in reply to DomKen)
Profile   Post #: 207
RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 10:30:30 AM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
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quote:

ORIGINAL: cadenas

Most such reports about lawsuits are urban legend - the infamous McDonalds hot coffee lawsuit is the best-known such example.

Could you share the exact case citation so I can look up the details of what really happened? I notice that you only say that the patient "sued your brother" but did not actually say what he sued your brother for, nor what state that was in. Since you say that his malpractice insurance was already high, how many malpractice lawsuits has your brother had before?

quote:

ORIGINAL: willbeurdaddy
My brother was an optometrist, not even a doc. His malpractice premiums were ridiculously high even before he had a settlement. A patient came in, was referred to an MD immediately for glaucoma. The guy didnt bother to go, and 2 years later sued my brother, and despite having clear contemporaneous records of the referral, his insurance company settled well into 5 figures.



What about McDonalds was a myth?


_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
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Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

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RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 10:48:09 AM   
cadenas


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Pretty much the whole narrative. The actual lawsuit was very different from what the media reported. For one, McDonalds had already settled more than 700 injury cases from the unusually hot coffee. For another, McDonald deliberately kept the coffee at 180 to 190 degrees - which McDonalds knew causes third-degree burns in two to seven seconds. McDonald's own quality assurance manager testified that they knew that food over 140 degrees would cause burns and was not fit for consumption.

The actual award was less than $500,000 - not the $2.7 million reported in the media.

Incidentally, also contrary to the media report, the accident victim was the passenger in the car, and the car was parked when the spill occurred.

And the scariest part? Despite this case, McDonalds continued to keep the coffee at that hot temperature, and three years later there was yet another third-degree burns from their coffee (presumably, there also were lesser injuries that didn't hit the media).

quote:

ORIGINAL: tazzygirl
What about McDonalds was a myth?

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RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 10:54:45 AM   
rulemylife


Posts: 14614
Joined: 8/23/2004
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quote:

ORIGINAL: willbeurdaddy

A plan designed by Democrats and passed by Democrats...once they got enough Republican votes so they could share the inevitable blame for its failure.


How much bullshit is this?

Bush pushed hard for the AIG and banking bailout with his usual doomsday scenarios.

Do I really need to pull up the links?  I mean, it's not like it was so long ago that everyone has forgotten, except those who intentionally try to do so.

quote:


If you want to credit Obama with this "turnaround" then you would also have to credit him for the foreclosures that make up 40% of the sales and the continuing drop in the median price of those sales (except for pockets of Orange County...yay!)


And the DJIA steadily climbing back to the 10,000 mark, gaining 1300 points since the inauguration?

I'm sure there is some Limbaugh-like explanation for that as well.

quote:


Misses the point. In fact sharing the blame for Greenspan would have been met with "Bush kept him", so spare us the faux indignation. Greenspan is trying to protect his legacy.


Definitely, I missed whatever point you are trying to make.

Bush did keep him, so if you are trying to blame Greenspan then Bush is to blame as well.


quote:



Nice selective memory. Obama says economy is sound


Compare these two statements.


Obama from your link:

"There's a reason why even in the midst of this economic crisis you've seen actual increases in investment flows here into the United States," Obama said. "I think it's a recognition that the stability not only of our economic system, but also our political system, is extraordinary.

"I think that not just the Chinese government, but every investor, can have absolute confidence in the soundness of investments in the United States," he added.


Bush on September 15th:

"In the short run, adjustments in the financial markets can be painful - both for the people concerned about their investments and for the employees of the affected firms," said President Bush. "In the long run, I'm confident that our capital markets are flexible and resilient, and can deal with these adjustments."

The president's comments came after the investment company Lehman Brothers was forced to file for bankruptcy protection. At the same time, the world's largest brokerage firm, Merrill Lynch, was sold to Bank of America for a fraction of what it was worth just one year ago.

Both firms have been crippled by a series of bad investments related to the troubled U.S. mortgage market.

President Bush says that while he sympathizes with investors and employees of these two financial institutions, his administration is focusing its attention on the overall health of the financial system.
(Bush Voices Confidence in US Economy)


See any difference?

Obama is acknowledging a problem exists while trying to insure investors of the overall stability of the US economic system while Bush is dismissing what was happening as a minor market correction as late as mid-September.

quote:


And does this possibly relate to the current administrations self admitted failure to recognize the extent of the problem and failing to provide stimulus when it is needed, instead of timed for 2010 elections?


Wait, I thought you were against the stimulus package?

You know, that whole socialism thing?

But hey, welcome back from the dark side. 

Always nice to have a new convert.







(in reply to willbeurdaddy)
Profile   Post #: 210
RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 10:57:50 AM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
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quote:

McFact No. 1: For years, McDonald's had known they had a problem with the way they make their coffee - that their coffee was served much hotter (at least 20 degrees more so) than at other restaurants.

McFact No. 2: McDonald's knew its coffee sometimes caused serious injuries - more than 700 incidents of scalding coffee burns in the past decade have been settled by the Corporation - and yet they never so much as consulted a burn expert regarding the issue.

McFact No. 3: The woman involved in this infamous case suffered very serious injuries - third degree burns on her groin, thighs and buttocks that required skin grafts and a seven-day hospital stay.

McFact No. 4: The woman, an 81-year old former department store clerk who had never before filed suit against anyone, said she wouldn't have brought the lawsuit against McDonald's had the Corporation not dismissed her request for compensation for medical bills.

McFact No. 5: A McDonald's quality assurance manager testified in the case that the Corporation was aware of the risk of serving dangerously hot coffee and had no plans to either turn down the heat or to post warning about the possibility of severe burns, even though most customers wouldn't think it was possible.

McFact No. 6: After careful deliberation, the jury found McDonald's was liable because the facts were overwhelmingly against the company. When it came to the punitive damages, the jury found that McDonald's had engaged in willful, reckless, malicious, or wanton conduct, and rendered a punitive damage award of 2.7 million dollars. (The equivalent of just two days of coffee sales, McDonalds Corporation generates revenues in excess of 1.3 million dollars daily from the sale of its coffee, selling 1 billion cups each year.)

McFact No. 7: On appeal, a judge lowered the award to $480,000, a fact not widely publicized in the media.

McFact No. 8: A report in Liability Week, September 29, 1997, indicated that Kathleen Gilliam, 73, suffered first degree burns when a cup of coffee spilled onto her lap. Reports also indicate that McDonald's consistently keeps its coffee at 185 degrees, still approximately 20 degrees hotter than at other restaurants. Third degree burns occur at this temperature in just two to seven seconds, requiring skin grafting, debridement and whirlpool treatments that cost tens of thousands of dollars and result in permanent disfigurement, extreme pain and disability to the victims for many months, and in some cases, years.




2.7 was the actual award. On appeal, it was lowered.

quote:

What the jury didn't realize initially was the severity of her burns. Told during the trial of Mrs. Liebeck's seven days in the hospital and her skin grafts, and shown gruesome photographs, jurors began taking the matter more seriously. "It made me come home and tell my wife and daughters don't drink coffee in the car, at least not hot," says juror Jack Elliott.

Even more eye-opening was the revelation that McDonald's had seen such injuries many times before. Company documents showed that in the past decade McDonald's had received at least 700 reports of coffee burns ranging from mild to third degree, and had settled claims arising from scalding injuries for more than $500,000.

Some observers wonder why McDonald's, after years of settling coffee-burn cases, chose to take this one to trial. After all, the plaintiff was a sympathetic figure—an articulate, 81-year-old former department store clerk who said under oath that she had never filed suit before. In fact, she said, she never would have filed this one if McDonald's hadn't dismissed her requests for compensation for pain and medical bills with an offer of $800.


McDonald's deserves whatever misinformation is circulating about them.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to cadenas)
Profile   Post #: 211
RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 11:17:33 AM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline

quote:

ORIGINAL: rulemylife

quote:

ORIGINAL: willbeurdaddy

My brother was an optometrist, not even a doc. His malpractice premiums were ridiculously high even before he had a settlement. A patient came in, was referred to an MD immediately for glaucoma. The guy didnt bother to go, and 2 years later sued my brother, and despite having clear contemporaneous records of the referral, his insurance company settled well into 5 figures.



If the insurance company settled they settled for a reason.







Bingo..they settled to avoid the costs of litigating a frivolous law suit THAT NEVER WOULD HAVE BEEN FILED IF "LOSER PAYS"

(in reply to rulemylife)
Profile   Post #: 212
RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 11:42:16 AM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline
quote:

ORIGINAL: rulemylife

Bush pushed hard for the AIG and banking bailout with his usual doomsday scenarios.

Do I really need to pull up the links?  I mean, it's not like it was so long ago that everyone has forgotten, except those who intentionally try to do so.



You want to have a link war, go for it. Before you waste everyones time, though, let me remind you of Nancy Pelosi's asinine comments that cause Republicans to change their vote, and the Dems refusal to vote on it without having a sufficient number of Republicans to share the blame

quote:

And the DJIA steadily climbing back to the 10,000 mark, gaining 1300 points since the inauguration?

I'm sure there is some Limbaugh-like explanation for that as well.



So, you would like to give OB credit for the Dow recovery, but not note the drop after the election in anticipation of his inauguration? Dont count on a "steady climb to 10,000" anytime soon. And of course you will dismiss it, but in my weekly conference calls with 2 of the top investment advisory companies in the country, the recent recoveries are a direct response to struggles getting health care and especially Cap and Trade passed, both of which were discounted heavily into stock prices causing a good portion of the drop.

quote:

quote:


Misses the point. In fact sharing the blame for Greenspan would have been met with "Bush kept him", so spare us the faux indignation. Greenspan is trying to protect his legacy.


Definitely, I missed whatever point you are trying to make.

Bush did keep him, so if you are trying to blame Greenspan then Bush is to blame as well.




If your attention span cant reach back 2 posts, it isnt worth my time to 'splain it to you Lucy.


quote:



Compare these two statements.


Obama from your link:

"There's a reason why even in the midst of this economic crisis you've seen actual increases in investment flows here into the United States," Obama said. "I think it's a recognition that the stability not only of our economic system, but also our political system, is extraordinary.

"I think that not just the Chinese government, but every investor, can have absolute confidence in the soundness of investments in the United States," he added.


Bush on September 15th:

"In the short run, adjustments in the financial markets can be painful - both for the people concerned about their investments and for the employees of the affected firms," said President Bush. "In the long run, I'm confident that our capital markets are flexible and resilient, and can deal with these adjustments."

The president's comments came after the investment company Lehman Brothers was forced to file for bankruptcy protection. At the same time, the world's largest brokerage firm, Merrill Lynch, was sold to Bank of America for a fraction of what it was worth just one year ago.

Both firms have been crippled by a series of bad investments related to the troubled U.S. mortgage market.

President Bush says that while he sympathizes with investors and employees of these two financial institutions, his administration is focusing its attention on the overall health of the financial system.
(Bush Voices Confidence in US Economy)


See any difference?



Obama is acknowledging a problem exists while trying to insure investors of the overall stability of the US economic system while Bush is dismissing what was happening as a minor market correction as late as mid-September.



LMAO If in your mind there is a difference between confidence in "the overall health of the financial system" and recognizing that the economy is sound and we are experiencing a market correction reflecting the business cycle, youve reached new depths in creative interpretation.


quote:

quote:

And does this possibly relate to the current administrations self admitted failure to recognize the extent of the problem and failing to provide stimulus when it is needed, instead of timed for 2010 elections?


Wait, I thought you were against the stimulus package?

You know, that whole socialism thing?

But hey, welcome back from the dark side. 

Always nice to have a new convert.






And then back to your usual intentional misinterpetation of my plain words to make a snarky comment. My post addressed taking credit for the effects of a stimulus package that has barely been implemented. It says nothing about whether a stimulus package can ever stimulate the economy long term.

Ducks in a pond.

< Message edited by willbeurdaddy -- 8/4/2009 11:48:02 AM >

(in reply to rulemylife)
Profile   Post #: 213
RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 11:46:50 AM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline
Issa rips Emanuel a new one, and Oversight opens an investigation into White House thuggery


Including this commentary on the stimulus package so near and dear to RMLs heart:

"I thought the outdated and discredited Keynesian economic theory behind your
effort was misguided and I opposed the stimulus. Unfortunately, recent economic data
has validated my opposition.-The U.S. economy lost 433,000 jobs in June, bringing the
unemployment rate to 9,5Yo.b These job losses come on the heels of other declining
economic indicators, and bring the total number of American jobs lost since President
Obama took office to over 2.6 million."

< Message edited by willbeurdaddy -- 8/4/2009 11:49:52 AM >

(in reply to willbeurdaddy)
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RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 12:42:36 PM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
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So Kyl didn't like the White House checking with his state's governor on whether or not to follow through on his suggestion for his constituents? If the stimulus is so terrible then why isn't Kyl thrilled that the White House offered to stop wasting that money on his constituents? Or is it perhaps the case that Kyl was a blowhard liar who got busted?

(in reply to willbeurdaddy)
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RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 12:46:14 PM   
Slavehandsome


Posts: 382
Joined: 9/19/2004
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How's this for Change? LOL Yet, we have to remember that America uses electronic voting, so, this may not be the new president that America voted for. http://www.youtube.com/watch?v=aZws98jw67g

(in reply to DomKen)
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RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 12:56:08 PM   
RapierFugue


Posts: 4740
Joined: 3/16/2006
From: London, England
Status: offline

quote:

ORIGINAL: darchChylde

quote:

ORIGINAL: Sanity
your president



I don't give a flying f*ck about who you voted for, if you are still a citizen of these here United States; He's your president too.  If you don't like it, move.  As long as you swallow and spread everything spooned down your throat, without taking the time and energy to research and develop your own opinion instead of reflecting someone else'; the you and we would be better off if you did move.



I tripped over this thread by chance, and wasn't going to post, because these sorts of threads always move into "DID!" - "DIDN'T!"/"IS NOT!" - "IS SO!" territory sooner rather than later, but I just wanted to say I absolutely adored that post. Nice one.

Oh, and PS: as one who works within the healthcare sector in the UK, Americans have about another 10 years to sort out your healthcare situation before it drags you into the mire. From what I understand of Obama's plans, they certainly aren't perfect, but I do applaud someone for actually attempting to do something, rather than endorse the current failure that is the status quo.

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RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 1:00:53 PM   
DomKen


Posts: 19457
Joined: 7/4/2004
From: Chicago, IL
Status: offline

quote:

ORIGINAL: Slavehandsome

How's this for Change? LOL Yet, we have to remember that America uses electronic voting, so, this may not be the new president that America voted for. http://www.youtube.com/watch?v=aZws98jw67g

You're actually claiming that Diebold, run by a prominent fundraiser for the GOP, fixed the election for Obama?

(in reply to Slavehandsome)
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RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 1:03:40 PM   
lynk09


Posts: 52
Joined: 8/3/2009
Status: offline
Iran has proven that you don't need sophisticated machinery to steal an election, just a lot of baseball bats...and guns

< Message edited by lynk09 -- 8/4/2009 1:04:10 PM >

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RE: Is This What America Voted For In Voting Obama As P... - 8/4/2009 1:11:47 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline

quote:

ORIGINAL: lynk09

Iran has proven that you don't need sophisticated machinery to steal an election, just a lot of baseball bats...and guns


And Philadelphia reinforced that, even though Holder didn't have the integrity to pursue it.

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