RE: President Obama - The best and worst of the year

RE: President Obama - The best and worst of the year (Full Version)

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tazzygirl -> RE: President Obama - The best and worst of the year (11/8/2009 3:31:52 PM)
LOL... but, mike, its so much fun to rile him up. Enjoy!

Raiikun -> RE: President Obama - The best and worst of the year (11/8/2009 3:52:55 PM)
quote: ORIGINAL: tazzygirl And i scare you? LOL "I feel he didnt fire enough CEO's." is a friggin scary statement.

tazzygirl -> RE: President Obama - The best and worst of the year (11/8/2009 3:57:01 PM)
If you trusted someone with your company, and they mismanaged it, what would you do?

Raiikun -> RE: President Obama - The best and worst of the year (11/8/2009 3:58:27 PM)
quote: ORIGINAL: tazzygirl If you trusted someone with your company, and they mismanaged it, what would you do? That's as scary as the other statement. Government has no business owning a company for anyone to mismanage. Edit: Especially a government such as ours which has proven woefully inadequate at managing it's prior obligations.

tazzygirl -> RE: President Obama - The best and worst of the year (11/8/2009 3:59:32 PM)
And your feelings on companies borrowing from Government while paying huge bonuses to employees?

Raiikun -> RE: President Obama - The best and worst of the year (11/8/2009 4:00:50 PM)
They shoulda been out of business already.

tazzygirl -> RE: President Obama - The best and worst of the year (11/8/2009 4:03:23 PM)
On that we agree. However, Obama didnt bail out alot of these companies. That was already promised before he took office. Him firing was, as i saw it, a warning. These companies were way out of check. Tarp money used to take executives on a spa day, more bonuses paid out for poor performance. I stand by what i said. Many more should have been fired. A shake up at the top might have spurred on some added growth and intelligence in all things financial.. at least until they paid back the money.

Politesub53 -> RE: President Obama - The best and worst of the year (11/8/2009 4:03:50 PM)
quote: ORIGINAL: Raiikun They shoulda been out of business already. I know I will regret asking but here goes. What do you think would have happened with no government bailouts and the economy in freefall ?

Raiikun -> RE: President Obama - The best and worst of the year (11/8/2009 4:07:12 PM)
Whatever mistakes that led up to this, giving the president the power to fire anyone in a business is a line that we never should have crossed. Ever. Cutting your losses/taking back what you could outta what was given and letting them fail woulda been a better option, but of course our present government wouldn't dare pass up their opportunity to grab more power and control over business, power they have no business having.

Raiikun -> RE: President Obama - The best and worst of the year (11/8/2009 4:10:51 PM)
quote: ORIGINAL: Politesub53 quote: ORIGINAL: Raiikun They shoulda been out of business already. I know I will regret asking but here goes. What do you think would have happened with no government bailouts and the economy in freefall ? After a short, very rough period, things would have stabilized, businesses that got us here by poorly managing their businesses would be bankrupt, and the new businesses that would take their place would hopefully have learned from their example, and we'd be a lot better off in the mid to long term than we're gonna be at the rate we're going now, with unemployment still increasing far beyond this administrations projections.

Raiikun -> RE: President Obama - The best and worst of the year (11/8/2009 4:18:55 PM)
Or, to steal a quote from another messageboard in response to the news about CIT failing (again, after the Goverment threw away 2.3 billion to try and save it)... "The United States is in a Depression, contrary to all the unsubstantiated assertions of our President and Paul Krugman. There are all sorts of problems with the economic policies coming out of Washington, regardless of party, that simply accumulate to make matters worse. Bank Failure rates in 2008 Exceeded the 1929 Levels. Bank Failure Rates in 2009 are poised to exceed the cumulative failure rates of 1930-1933. Ladas alluded to the blossoming commercial property problem. And your economic growth number is padded by new Housing construction in a stagnant market. Unsellable inventory ceases to be an asset when the market is dipping below the construction costs of the product. Just like your favorite 20th Century President, Obama dropped the ball. The Recession, which started in 2007 at the latestwould have been over if they had let these businesses fail. It would have been bloody, but the market, particularly labor, would have corrected itself and the currency would have regained health. Instead, two consecutive administrations have done everything in their power to doom the economy. Hell, Good Intentions, and All That. So, where we are now is a currency and inventory crisis compounding a liquidity crisis on the systemic level, following the housing and financials crises. It's purely awesome: the U.S. Economy is disintegrating and only the ideologues believe it's getting better. Let me know when your Big Mac Value meal ceases to have a nationwide average price of $7.00 with tax (and rising). The same value meal was, by the by, only $4.00 nation wide in 2002. Then we'll start talking about actual corrections.

MarsBonfire -> RE: President Obama - The best and worst of the year (11/8/2009 4:21:23 PM)
If the economists are to be believed, we came within (literally) hours of having the credit system lock up and the civilized world be plunged into a second great depression. The fact that we are all still able to cash our paychecks, and pay our bills says volumes. Naturally, the teabagger republicans tend to ignore this fact. (shrug) When you're a bunch of old white racists, you'll hoodwink yourselves with the craziest shit.... just so you can think to yourselves that the black guy is doing a lousy job....

tazzygirl -> RE: President Obama - The best and worst of the year (11/8/2009 4:23:29 PM)
You may want to read up on the subject of why he was asked to step down... he agreed to step aside in exchange for more money. http://www.politico.com/news/stories/0309/20625_Page2.html And, if you think this is the first time a president has asked someone to leave, read the article.

willbeurdaddy -> RE: President Obama - The best and worst of the year (11/8/2009 4:25:43 PM)
quote: ORIGINAL: Raiikun Or, to steal a quote from another messageboard in response to the news about CIT failing (again, after the Goverment threw away 2.3 billion to try and save it)... "The United States is in a Depression, contrary to all the unsubstantiated assertions of our President and Paul Krugman. There are all sorts of problems with the economic policies coming out of Washington, regardless of party, that simply accumulate to make matters worse. Bank Failure rates in 2008 Exceeded the 1929 Levels. Bank Failure Rates in 2009 are poised to exceed the cumulative failure rates of 1930-1933. Ladas alluded to the blossoming commercial property problem. And your economic growth number is padded by new Housing construction in a stagnant market. Unsellable inventory ceases to be an asset when the market is dipping below the construction costs of the product. Just like your favorite 20th Century President, Obama dropped the ball. The Recession, which started in 2007 at the latestwould have been over if they had let these businesses fail. It would have been bloody, but the market, particularly labor, would have corrected itself and the currency would have regained health. Instead, two consecutive administrations have done everything in their power to doom the economy. Hell, Good Intentions, and All That. So, where we are now is a currency and inventory crisis compounding a liquidity crisis on the systemic level, following the housing and financials crises. It's purely awesome: the U.S. Economy is disintegrating and only the ideologues believe it's getting better. Let me know when your Big Mac Value meal ceases to have a nationwide average price of $7.00 with tax (and rising). The same value meal was, by the by, only $4.00 nation wide in 2002. Then we'll start talking about actual corrections. A bit alarmist, but bascially correct. The US economy will only disintegrate if Paul Krugman and his ilk hold sway.

Raiikun -> RE: President Obama - The best and worst of the year (11/8/2009 4:26:24 PM)
quote: ORIGINAL: tazzygirl And, if you think this is the first time a president has asked someone to leave, read the article. Never claimed this was the first time. Just because someone makes a grave mistake in the past doesn't make it right this time.

Raiikun -> RE: President Obama - The best and worst of the year (11/8/2009 4:28:50 PM)
quote: ORIGINAL: MarsBonfire If the economists are to be believed, we came within (literally) hours of having the credit system lock up and the civilized world be plunged into a second great depression. The fact that we are all still able to cash our paychecks, and pay our bills says volumes. Naturally, the teabagger republicans tend to ignore this fact. (shrug) When you're a bunch of old white racists, you'll hoodwink yourselves with the craziest shit.... just so you can think to yourselves that the black guy is doing a lousy job.... Wow, did you cram enough bigoted generalizations into that post? And did you read my post closely enough to see that it's every bit as criticizing of Bush's administration as it is Obama's? Kinda throws your "black guy is doing a lousy job" thing out the window.

tazzygirl -> RE: President Obama - The best and worst of the year (11/8/2009 4:30:11 PM)
GM could have sought other sources for funding. Again, if you dont want the government telling you what to do and how to do it, dont beg them for money.

Raiikun -> RE: President Obama - The best and worst of the year (11/8/2009 4:32:07 PM)
quote: ORIGINAL: tazzygirl GM could have sought other sources for funding. Again, if you dont want the government telling you what to do and how to do it, dont beg them for money. Again, the government giving GM the money should never have been an option in the first place.

Politesub53 -> RE: President Obama - The best and worst of the year (11/8/2009 4:32:45 PM)
quote: ORIGINAL: Raiikun After a short, very rough period, things would have stabilized, businesses that got us here by poorly managing their businesses would be bankrupt, and the new businesses that would take their place would hopefully have learned from their example, and we'd be a lot better off in the mid to long term than we're gonna be at the rate we're going now, with unemployment still increasing far beyond this administrations projections. You do realise the American economy was on the point of collapes right ? The major banks had no money to carry on the working week. Do you realise what would have happened if they all failed, or even if any of the major banks failed ? As for the second post you "read on a message board" yeah thats convinced me I was wrong. [8\|]

Raiikun -> RE: President Obama - The best and worst of the year (11/8/2009 4:38:34 PM)
quote: ORIGINAL: Politesub53 quote: ORIGINAL: Raiikun After a short, very rough period, things would have stabilized, businesses that got us here by poorly managing their businesses would be bankrupt, and the new businesses that would take their place would hopefully have learned from their example, and we'd be a lot better off in the mid to long term than we're gonna be at the rate we're going now, with unemployment still increasing far beyond this administrations projections. You do realise the American economy was on the point of collapes right ? The major banks had no money to carry on the working week. Do you realise what would have happened if they all failed, or even if any of the major banks failed ? Our economy is collapsing. Just instead of a short, bloody collapse and recovery; we're stretching it out into a depression that might last for years. http://www.fdic.gov/bank/individual/failed/banklist.html quote: As for the second post you "read on a message board" yeah thats convinced me I was wrong. [8\|] All of my posts are simply posts you've read on a message board; one is no different than another. :p

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