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Which policies do you not like?
Why don't you like them?
Can you provide evidence of their negative impact?
How would you have done things differently?
How would this have been better to what Obama did?
It is easy to say the program wasn’t necessary, despite Paulson’s arguments, because the TARP money wasn’t used to buy toxic assets. TARP money was instead used to buy preferred stock in banks, shoring up their balance sheets by giving the federal government part ownership of the banks. Nine of the largest banks were forced to issue stock to the Treasury, paid for with TARP money, even though several of the banks tried to opt out. Secretary Paulson said that if some of the big banks participated and others didn’t, it would identify their varying levels of weakness, which Paulson believed was undesirable. Instead of buying up toxic assets, the TARP money was used to partially nationalize the banking industry. It was also used for a federal takeover of AIG (after it was initially rescued by the Fed) and the bailout of Chrysler and General Motors. When the auto companies initially approached Secretary Paulson for a share of the money, he said it was only to be used for the purchase of toxic assets from financial institutions. But when Congress wouldn’t bail out the auto industry, Paulson changed his tune. Was it necessary to appropriate $700 billion to buy toxic assets? In hindsight, we can see the answer is No, because the money wasn’t used that way.
Originally posted by madnessinmysoul
1. Which policies do you not like?
2. Why don't you like them?
3. Can you provide evidence of their negative impact?
4.How would you have done things differently?
5. How would this have been better to what Obama did?
Originally posted by downtown436
I would have:
1-nullified the federal reserve act by executive order, and nixed all our debt, and ended federal taxes in one fell swoop with a pen.
2- Ended all foreign occupations.
3-Ended social security
4-Threatened nuclear attack on any foreign bankers that whined about my policies.
5-Legalized all drugs, including RX, ect.
6-ended the powers of the CIA, and all Federal police agencies.
7-Donated all Federal property to the states in which they are located including military hardware nukes, ect.
8-Formed a council of 50 state governors who control the defensive force that was the U.S. military.
9-Nullified congress.
10-Nullified the Senate.
11- Nullified the Supreme Court.
12- Fired myself.
Originally posted by snusfanatic
Lets start with the Stimulus
Alright.
It doesn't work. Its misdirected. Its like some college freshman got a one-day lecture on Keynesian economics and decided he could fix everything.
I'm sorry, but how doesn't it work?
Can you provide evidence of their negative impact?
yea... first
second the banks are still not lending
How are those directly linked to the stimulus act? Care to provide evidence for it?
We had our solution. it was a simple and brilliant plan and we flushed it down the drain and followed it with another $787b. Obama used the crisis to start his admin off with a big spending bang, arguing that big spending bangs will solve any crisis. The lack of targeting that amount of money tells me that he either didn't understand the problem, or figured it'd work itself out in the next 4 years while he made some splashes in the mean time.
I actually agree on this. I liked what TARP was supposed to be as Obama described it, not the bill he actually signed. I think he should have vetoed TARP and had them go back to the drawing board on it.
Originally posted by Doctor G
The first thing he did wrong was to not throw Bush & Chaney in prison.
His continuation of all the Bush policies and his bowing to all the Bush overlords showed he is just a tool of Bush.
I don't know why everyone calls him a socialist when he protects the Financial institutions.
The Bush tax cuts were a joke and a continuation of raising taxes elsewhere. Sounds like Obama to me.
Just think about it. We know Bush & Chaney committed serious war crimes. They also committed serious crimes against the US constitution.
Obama, Pelosi & Reid have done nothing against the men.Mama Clinton was part of the gang who went against Nixon and from her, nothing against Bush & Chaney. Tell me these people are not protecting the men & their initiatives.
Originally posted by DogsDogsDogs
The first thing I would have done, re-instate Glass Steagall.
The second, repeal every "free trade" provision passes since Nixon & sort out a way to get production back to America.
I would say, moratorium on repossessions next, but maybe no one could have known about what is now coming to the fore re illegal repos.
Considering he had his behind so up in the air about healthcare, he should have executive ordered a price freeze across the board until it could have been considered properly.
I would have delegated that the DoD begin to do what they do to draw down our non combat related bases as quickly as possible. Troops returning from those bases would go to Homeland Security for borders & ports. Obviously, bases & infrastructure would have to be created (initially using funds from the old extra-national bases).
Instead of cash for clunkers/ cash for caulkers, I would have gone for solar retrofits & hemp production (talking about this at dinner. If the US were to strike up hemp production for textiles, cooking oil, fuel, paper goods, & cattle feed, I'm not sure enough could be produced within the US. It could require imports. What would that do FOR the 3rd world as well as ourselves?)
He has access to the stuff Bush/Cheney did and the means to not only bring them to justice, but turn the actors over to the International Criminal Court.
Do I even need to say direct the Congress to repeal the Patriot Act, Military Commissions Act, the FISA business, etc?
Even now, the president is doing everything BUT dealing with our employment crisis- which, in addition to Wall Street IS our economic crisis.
Now, he's going off on education. What's with that, anyway? None of this stuff matters if no one has a place to live, food to eat or a job. It's all been completely unrealistic.
He REALLY shouldn't have the OFAs on the blogs telling people, sell your house/ get a used car or bike/ etc just so people STILL can't afford his big PhRma/ insurance company payoff.
Somebody posted what sounded like a really stiff, but really rational plan to reduce the size of our government last night. I want to say in comments at the Wall Street Journal. Basically, it was consolidating & eliminating different agencies. I didn't see anyone disagree or criticize it & several complimented it.
Originally posted by DogsDogsDogs
You asked how Glass-Steagall would be re-instated & the "free trade" stuff repealed? By legislative process, expedited. Rather than simply go back to a law that had worked for what? 60 +/- years? the Congress put on their usual kabuki, screwed around & came up with some watered down bill that tried to make it LOOK like they did something, when they really didn't. What a joke! You act as though you are somehow "inside". Look at Paul Voelker's & Elizabeth Warren's writings with regard to "financial reform".
Concerning the repeal of bills, was such a damned mess created in passing these bills, that undoing them would be "too complicated" or whatever? Ever hear of 'you broke it, you bought it'? The Congress screwed it up. They can jolly well figured out a way to fix it.
The REALITY is that these bills were never intended to be beneficial- they didn't even CONSIDER damage (well, others did- and warned people. Washington didn't) to the US economy. They were nothing more than steps toward globalization- which of course, MUST go on regadless of the harm it causes.
These are tiresome & childish questions. When you asked, one would assume that you had the capability to grasp the answers. Wny, mommy?....Why?....Why?
Price freezes have happened in the past (I believe under Nixon, at least)
Re executive orders LOL! You're kidding! The precedent has been set more than a dozen times over.
See also Patriot Act, Military Commissions, etc. No WONDER the democrats were so silent while their constituents were so outraged.
They couldn't wait to get any & all of these guns in their hands. Obama is not one bit better than Bush. At *least* Bush didn't cram Washington's greedy hands so far into our pockets- OR into our private lives, that he crammed the "health industry" boondoggle down our throats!
Inflame tensions? LOL I should have seen THAT one coming, but I gave you the benefit of the doubt. Willfully not protecting this country's borders is dereliction of duty & failure to uphold his oath of office (a verbal contract?) in the real world.
You seem to think that if you repeat lies enough, people will believe them.
Korea? hmmm Do we *inflame* a nuclear (that's noo-klee-are) armed nation with a leader bat# crazy enough to use them or do we let South Korea go- as we should have in the first place (ditto Viet Nam)? What to do? You need to make up your mind. "Terrists" justify the destruction of US rights + protecting US borders against drug related violence AND potential terrorists Oh NOOOOO + what about KOREA?
Your agenda is showing.