Are you liberals proud of this new administration?

meta4 wrote:I'm just waiting and watching. IMO, the Obama administration isn't as obnoxious as the vile swine in the financial industry.

Markwes wrote:

meta4 wrote:I'm just waiting and watching. IMO, the Obama administration isn't as obnoxious as the vile swine in the financial industry.

'Obnoxious' is not a word I would use to describe this administration either. However, I do think they are looking out for their own interests. Most economists I have heard think the economy has hit a valley and will trend upward after this year, without any government help. When that happens, mark it down that Americans will talk about how Obama revived the economy, which of course will be untrue but since most people don't know economic cycles, they will believe it. I don't buy that companies and individuals not having credit is a crisis. We have adapted before and we can do it again. Yes, there are vile swine in the financial industry. But they represent their shareholders.

The president represents the entire country.

Pez wrote:So far so good... The only complaints I seem to hear have been baseless... I'm not too keen on where we are going with the deficit, but at the same time I'm less keen with any other options.

I think He's making good in Iraq (18 mos), and passed the financial stimulus plan on under 40 days (involving bi-partisan compromise). He's Not letting Pelosi push him around, and he's making the right overtures abroad, especially with the current diplomatic mission Hillary is on.

What is new is the unveiling of Mr. Obama's agenda and his approach to governance. Every new President has a finite stock of capital -- financial and political -- to deploy, and amid recession Mr. Obama has more than most. But one negative revelation has been the way he has chosen to spend his scarce resources on income transfers rather than growth promotion. Most of his "stimulus" spending was devoted to social programs, rather than public works, and nearly all of the tax cuts were devoted to income maintenance rather than to improving incentives to work or invest.

His Treasury has been making a similar mistake with its financial bailout plans. The banking system needs to work through its losses, and one necessary use of public capital is to assist in burning down those bad assets as fast as possible. Yet most of Team Obama's ministrations so far have gone toward triage and life support, rather than repair and recovery.

AIG yesterday received its fourth "rescue," including $70 billion in Troubled Asset Relief Program cash, without any clear business direction. (See here.) Citigroup's restructuring last week added not a dollar of new capital, and also no clear direction. Perhaps the imminent Treasury "stress tests" will clear the decks, but until they do the banks are all living in fear of becoming the next AIG. All of this squanders public money that could better go toward burning down bank debt.

The market has notably plunged since Mr. Obama introduced his budget last week, and that should be no surprise. The document was a declaration of hostility toward capitalists across the economy. Health-care stocks have dived on fears of new government mandates and price controls. Private lenders to students have been told they're no longer wanted. Anyone who uses carbon energy has been warned to expect a huge tax increase from cap and trade. And every risk-taker and investor now knows that another tax increase will slam the economy in 2011, unless Mr. Obama lets Speaker Nancy Pelosi impose one even earlier.

LTRT wrote:

Pez wrote:So far so good... The only complaints I seem to hear have been baseless... I'm not too keen on where we are going with the deficit, but at the same time I'm less keen with any other options.

I think He's making good in Iraq (18 mos), and passed the financial stimulus plan on under 40 days (involving bi-partisan compromise). He's Not letting Pelosi push him around, and he's making the right overtures abroad, especially with the current diplomatic mission Hillary is on.

Did he promise to tank the stock market?

Their "financial stimulus plan", is pretty much an oxymoron.

meta4 wrote:

LTRT wrote:

Pez wrote:So far so good... The only complaints I seem to hear have been baseless... I'm not too keen on where we are going with the deficit, but at the same time I'm less keen with any other options.

I think He's making good in Iraq (18 mos), and passed the financial stimulus plan on under 40 days (involving bi-partisan compromise). He's Not letting Pelosi push him around, and he's making the right overtures abroad, especially with the current diplomatic mission Hillary is on.

Did he promise to tank the stock market?

Their "financial stimulus plan", is pretty much an oxymoron.

How can the stimulus plan protect a market that is in essence, chaotic? I don't understand how AIG's lust for Credit Default Swaps or an investor's personal choice of which stocks to invest in, instead of safer investments like CDs, bonds, etc. can have any reflection on the Stimulus plan (formulated by members of congress) or on Obama, or his administration.

Care to Illuminate?

Economic models used by Macroeconomic Advisers LLC show the Obama stimulus package could keep the jobless rate at about 8.8 percent instead of the 9.5 percent rate that would result without the package.

LTRT wrote:Bernanke Says U.S. May Need to Expand Bank Rescue (Update1)
http://www.bloomberg.com/apps/news?pid=20601087&sid=aabXQOXBRk8E&refer=worldwide

Economic models used by Macroeconomic Advisers LLC show the Obama stimulus package could keep the jobless rate at about 8.8 percent instead of the 9.5 percent rate that would result without the package.

Who wants to wager?

LTRT wrote:Bernanke Says U.S. May Need to Expand Bank Rescue (Update1)
http://www.bloomberg.com/apps/news?pid=20601087&sid=aabXQOXBRk8E&refer=worldwide

Economic models used by Macroeconomic Advisers LLC show the Obama stimulus package could keep the jobless rate at about 8.8 percent instead of the 9.5 percent rate that would result without the package.

Who wants to wager?

Markwes wrote:I'm at a loss why anyone would defend this stimulus bill. I don't help my family financially by taking out a loan to buy materials to add on a room and then hire my kids to to do the work. Sure, I have created "jobs" and the room is nice, but how have I helped the family financially as a whole?

Does anyone here know someone who is out of work? Now, does that person benefit by this bill? I know that my brother doesn't know anything about building high-speed rails, so $8 billion for that isn't going to help. He isn't going to make any money from the $400 million for global warming research, or the $2.1 billion going to Head Start, or $200 million going for birth control. Can someone tell me how these things are going to stimulate the economy?

meta4 wrote:

Markwes wrote:I'm at a loss why anyone would defend this stimulus bill. I don't help my family financially by taking out a loan to buy materials to add on a room and then hire my kids to to do the work. Sure, I have created "jobs" and the room is nice, but how have I helped the family financially as a whole?

Does anyone here know someone who is out of work? Now, does that person benefit by this bill? I know that my brother doesn't know anything about building high-speed rails, so $8 billion for that isn't going to help. He isn't going to make any money from the $400 million for global warming research, or the $2.1 billion going to Head Start, or $200 million going for birth control. Can someone tell me how these things are going to stimulate the economy?

Well, what percentage of the bill's total package represent the items you just listed?

I'lll save you some time... I think it's about 1.34 %

"A swing... and a miss!"

meta4 wrote:

Markwes wrote:I'm at a loss why anyone would defend this stimulus bill. I don't help my family financially by taking out a loan to buy materials to add on a room and then hire my kids to to do the work. Sure, I have created "jobs" and the room is nice, but how have I helped the family financially as a whole?

Does anyone here know someone who is out of work? Now, does that person benefit by this bill? I know that my brother doesn't know anything about building high-speed rails, so $8 billion for that isn't going to help. He isn't going to make any money from the $400 million for global warming research, or the $2.1 billion going to Head Start, or $200 million going for birth control. Can someone tell me how these things are going to stimulate the economy?

Well, what percentage of the bill's total package represent the items you just listed?

I'lll save you some time... I think it's about 1.34 %

"A swing... and a miss!"

meta4 wrote:

Markwes wrote:I'm at a loss why anyone would defend this stimulus bill. I don't help my family financially by taking out a loan to buy materials to add on a room and then hire my kids to to do the work. Sure, I have created "jobs" and the room is nice, but how have I helped the family financially as a whole?

Does anyone here know someone who is out of work? Now, does that person benefit by this bill? I know that my brother doesn't know anything about building high-speed rails, so $8 billion for that isn't going to help. He isn't going to make any money from the $400 million for global warming research, or the $2.1 billion going to Head Start, or $200 million going for birth control. Can someone tell me how these things are going to stimulate the economy?

Well, what percentage of the bill's total package represent the items you just listed?

I'lll save you some time... I think it's about 1.34 %

"A swing... and a miss!"

Markwes wrote:

meta4 wrote:

Markwes wrote:I'm at a loss why anyone would defend this stimulus bill. I don't help my family financially by taking out a loan to buy materials to add on a room and then hire my kids to to do the work. Sure, I have created "jobs" and the room is nice, but how have I helped the family financially as a whole?

Does anyone here know someone who is out of work? Now, does that person benefit by this bill? I know that my brother doesn't know anything about building high-speed rails, so $8 billion for that isn't going to help. He isn't going to make any money from the $400 million for global warming research, or the $2.1 billion going to Head Start, or $200 million going for birth control. Can someone tell me how these things are going to stimulate the economy?

Well, what percentage of the bill's total package represent the items you just listed?

I'lll save you some time... I think it's about 1.34 %

"A swing... and a miss!"

Well, if you want me to list all the pork in the bill, I'll need a few weeks.

meta4 wrote:

Markwes wrote:

meta4 wrote:

Markwes wrote:I'm at a loss why anyone would defend this stimulus bill. I don't help my family financially by taking out a loan to buy materials to add on a room and then hire my kids to to do the work. Sure, I have created "jobs" and the room is nice, but how have I helped the family financially as a whole?

Does anyone here know someone who is out of work? Now, does that person benefit by this bill? I know that my brother doesn't know anything about building high-speed rails, so $8 billion for that isn't going to help. He isn't going to make any money from the $400 million for global warming research, or the $2.1 billion going to Head Start, or $200 million going for birth control. Can someone tell me how these things are going to stimulate the economy?

Well, what percentage of the bill's total package represent the items you just listed?

I'lll save you some time... I think it's about 1.34 %

"A swing... and a miss!"

Well, if you want me to list all the pork in the bill, I'll need a few weeks.

Dude, if you post a link to the source text of the bill that's available on the internet I'll do it myself.

I'm not spinning anything. My point is that you anti-Obama boys are embellishing the costs and spinning this stimulus bill as a big fat toilet flush. Fact is we have yet to see impact, and that may be an element of concern soon. Maybe you should quote or cite the actual sources of the information instead of regurgitated right-wing radio chatter.

How can anyone BUT the administration and the media find out how much money has been spent and on what projects? Look it up!

meta4 wrote:Dude, if you post a link to the source text of the bill that's available on the internet I'll do it myself.

I'm not spinning anything. My point is that you anti-Obama boys are embellishing the costs and spinning this stimulus bill as a big fat toilet flush. Fact is we have yet to see impact, and that may be an element of concern soon. Maybe you should quote or cite the actual sources of the information instead of regurgitated right-wing radio chatter.

How can anyone BUT the administration and the media find out how much money has been spent and on what projects? Look it up!

LTRT wrote:

"(...what's in the plan for small businesses.

And don't say "if there's a bridge to get to your business, we'll make sure that bridge is good for travel" like good ole Joe Biden said.")

So this is right-wing radio chatter, eh?

meta4 wrote:

LTRT wrote:

"(...what's in the plan for small businesses.

And don't say "if there's a bridge to get to your business, we'll make sure that bridge is good for travel" like good ole Joe Biden said.")

So this is right-wing radio chatter, eh?

My bad, we were defending the stimulus bill (rather, trying not to). Then we were humping teeny tiny bits of pork. Next, spining tops. Now we're talking about how Joe Biden's "huff and puff" comments will blow the whole house down?

Someone pick a chapter and I'll read along! I just want to get on the same page with everyone else!

Markwes wrote:No you're sounding like typical Bman - "anti-Obama", "regurgitated right-wing radio chatter". Just google 'stimulus bill pork' if you want examples. That's what I did.