vincentML
Posts: 9980
Joined: 10/31/2009 Status: offline
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quote:
ORIGINAL: Thadius Thanks for the insight. I didn't realize that I had become a fringe element of the country. I shall have to remember that. I find it funny that out of my entire set of comments in this topic, that one phrase is the one you choose to base your commentary of my views on. If you look at the full context of my remarks in that post, you will see that it is not meant as some sort of conspiracy theory, just that he has no practical knowledge of how to implement (or have implemented) his policies. His personal experiences in Chicago and Illinois politics, don't include consensus making, it is one of almost straight party line voting. You speak of my paranoia, how would you describe your description of the political driveby, that it was all about revenge, and couldn't possibly be about the contents of the bill. Perhaps I was mistaken about your intent, Thadius. If so I apologize. However, in full context your remarks do suggest you believe Obama is trying to seize more power, and such sentiment does seem to be the stuff of fringe groups. If you disavow membership then your word is taken. "Take the TARP money (taxpayer cash and that which has been paid back), while the Congress gave almost a blank check towards buying up the tainted assets, it did not give any permissions for the repayment funds. Those funds are supposed to go back into the treasury, preferrably to repay the debt, until Congress decides what those funds are to be spent on. This administration has taken the Bush initiative to keep trying to sieze even more power from the other 2 branches, and run with it. It is a well thought out calculated risk, basicly an end run around the Constitution. So I would say yes he is as smart as reputed, he knows just enough to be dangerous." Furthermore, it was GWB's Sec of Treasury Paulson who changed the use of the TARP money as reported by USA Today in May 2009: "The companies below have received money from the government's Troubled Asset Relief Program (TARP) as of May 7, 2009. The Treasury Department's list is mostly organized by date, beginning with Oct. 28, 2008. If a company appears more than once, as Bank of America does, it received money on more than one date or under more than one program, as noted. Most of the transactions are purchases of preferred stock with warrants to buy additional stock." The money was hardly used to buy up distressed assets because it was difficult to determine a Market value for those assets at the time. Paulson defied Congress from the start with a bait and switch. Elsewhere and unrelated to the above complaint, you lamented: quote:
Secondly, if you think that the entitlement mentality is something that exists only in my mind, you are really disconnected from what is going on around the country. I guess you missed the droves of folks lining up for "Obama money", numerous times this past year? Or the part of the State of the Union addressing paying for college? That should make for an interesting entitlement. I would remind you it is not just "droves of folks" lining up for govt money. Capitalized industries have been doing the same since the 19th Century in the form of tax breaks, earmarks, and subsidies. As an example, farm subsidies were begun during the Depression of the 1930s and have continued through every Congress since. So, it is not just the "folk" who have an entitlement mentality and line up at the govt teat. Furthermore, it is not my contention that the president is just a figurehead of his party. I submit that Administration and Legislature, and both major political parties, share equal blame for the dysfunction of this govt, not just the Prez as Merc insinuates with his OP question. No personal offense intended by me to you, T. Have a good day.
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vML Our lives begin to end the day we become silent about things that matter. ~ MLK Jr.
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