ObamaRama 8

[huskyfan]

Re: ObamaRama 8

If didn't know any better I would have thought that was a Sarah Palin quote.

well, I'm looking for jobs in insulation.

 

[Plante26]

Re: ObamaRama 8

Read an Op-Ed today that highlights the fact that every time we have deregulated something about the banking system it has collapsed. SNL being the first.

We should have left FDR's work alone.

And every time the government over-regulates something, it ends up losing money at the expense of taxpayers.

 

[Tundra]

Re: ObamaRama 8

And every time the government over-regulates something, it ends up losing money at the expense of taxpayers.

And every time the government UNDER-regulates something, it ends up losing money at the expense of taxpayers :700billion TARP and 10trillion guarantee/loans. and the monopoly, predatory, scorch-earth policy of business practices to make a buck at any cost.

 

[Plante26]

Re: ObamaRama 8

And every time the government UNDER-regulates something, it ends up losing money at the expense of taxpayers :700billion TARP and 10trillion guarantee/loans. and the monopoly, predatory, scorch-earth policy of business practices to make a buck at any cost.

Uh, that's not every time. And the solution didn't have to be the gov't throwing money at the problem.

And.....TARP is making money thus far, so far as I know. Not that it should have been instituted in the first place.

I might be wrong, but TARP is a loan, not a pure bailout as portrayed by the anti-capitalists 'round here.

 

[ScoobyDoo]

Re: ObamaRama 8

Uh, that's not every time. And the solution didn't have to be the gov't throwing money at the problem.

And.....TARP is making money thus far, so far as I know. Not that it should have been instituted in the first place.

I might be wrong, but TARP is a loan, not a pure bailout as portrayed by the anti-capitalists 'round here.

Making money? Doubtful. The TARP itself may be but the amount of money the taxpayers have lost, and the amount of tax money the government has lost because of the lost fortunes of the taxpayers FAR OUTWEIGH this mythical profit you refer to from the TARP loan.

 

[Rover]

Re: ObamaRama 8

Its pretty amusing when two people who both live in an alternate reality in their minds start arguing with each other. Scoobs and Plante, keep up the good work. This must be like what would have happened back in the day if Pink Floyd and Led Zeppelin did a concert together, and their fans started having a contest as to who could get more stoned, and then turned to debating politics.

 

[Handyman]

Re: ObamaRama 8

I would just like to note how thankful I am that I have Rover on ignore...it really got annoying hearing the slurping noises when he tried to talk with Obama's jock in his mouth

 

[Rover]

Re: ObamaRama 8

Fortunately I got my message to Handy via the rep function, otherwise I don't know how I'd be able to sleep at night.

For the record, here's what I wrote (with positive rep as always )


Can't avoid my reps! Show some balls and don't call people out and then hide behind an ignore feature.

 

[walrus]

Re: ObamaRama 8

--------------------------------------------------------------------------------
George Bush, Queen Elizabeth, and Vladimir Putin all die and go to hell.

While there, they spy a red phone and ask what the phone is for.

The devil tells them it is for calling back to Earth. Putin calls Russia

and talks for 5 minutes. When he was finished the devil informs

him that the cost is a million dollars, so Putin writes him a check.

Next Queen Elizabeth calls England and talks for 30 minutes. When she's

finished the devil informs her that cost is 6 million dollars, so

Queen Elizabeth writes him a check. Finally George Bush gets his turn and

talks for 4 hours. When he's finished the devil informed him that

there would be no charge and feel free to call the USA anytime.

Putin goes ballistic and asks the devil why Bush got

to call the USA free. The devil replied, "Since Obama became president

of the USA , the country has gone to hell, so it's a local call."

 

[gregg729]

Re: ObamaRama 8

Will someone tell [Sarah Palin] that to actually make it look like you are reading the book you should at least OPEN the book. I mean I know she has never read one before but come on Princess lets try to not live up to your stereotype here

3 or 4 posts later....

What does Obama have to do with Sarah Palin's skit? Oh you just wanted to take a shot...carry on.

Irony or stupidity? You decide.

Anyway, Obama has checkmated his opponents in the health care debate:

http://blogs.abcnews.com/theworldne...-if-health-care-costs-are-not-reigned-in.html

Obama told Gibson that anybody who says they are concerned about the rising deficit or worried about tax increases in the future has to support this health care bill.

“Because if we don't do this, nobody argues with the fact that health care costs are going to consume the entire federal budget,” the president said.

If we don't spend trillions of dollars RIGHT NOW to start insuring <10% of Americans AFTER THE 2012 elections, the federal government will go bankrupt, you see? It's so simple!

The arrogance of this clown... He doesn't even attempt to hide the BS anymore...

 

[Patman]

Re: ObamaRama 8

If we don't spend trillions of dollars RIGHT NOW to start insuring <10% of Americans AFTER THE 2012 elections, the federal government will go bankrupt, you see? It's so simple!

The arrogance of this clown... He doesn't even attempt to hide the BS anymore...

In these systems we provide health care to 20% more people while cutting costs. How does that not reduce services by a commensurate amount?

The fact is that we'll have to either pay more for health care or accept that we will receive less health care. The gov't will tell us how the world should be, and what we should cover and not cover. No resonance to the general desires of the people against the technical and feasible via market feedback. There is no other way... that's how you reduce costs.

The fact of the matter is if the debt and deficit is a concern there are MANY other solutions which do not include universal health care. Seeing how much we are in debt shouldn't we be cutting anyhow?

Anyhow, I thought debt was good... that's what the "all debt IS stimulus" crowd keeps chirping... ahh... but the only things that provide ACTUAL stimulus are those things that make the world more EFFICIENT that no individual person wants to outlay money on themselves. Economies are optimized when systems efficiently move goods and services from producers to consumers. Not when a politician waves his hands.

 

[Patman]

Re: ObamaRama 8

And every time the government over-regulates something, it ends up losing money at the expense of taxpayers.

Regulation should be a matter of operating in the public trust... and to me that means anti-fraud and consumer protection. Anything beyond that is silly. The banks need not be responsible to be public servants whether its social justice or green justice so on. They owe us reasonably not to take unstable bets.

I'm of the (re-enforced) opinion that most people don't understand the basics of what went on but regardless they like to tar and feather blindly. The problem is that some very arrogant people took bets which they all felt couldn't go wrong that got pulled apart, sometimes dramatically, when lies in the system accumulated. Every time you fail its because something didn't go accordingly with how you assumed things would happen. These investment banks all want to make money... their egos are too in twined... the problem is that these guys are taking strong arrogant risks because they think they're going to win.

You have to be careful with regulation... what does it do... why does it do it? Any changes to the system will affect our engine... and seeing as Obama and company are seeking ways to create a social re-alignment there are many ways that they can go wrong which will permanently warp our available economic efficiency... of course since we'll be in that system we won't know what it would have been like otherwise. That being said we're over a year and a half out since we more or less knew the how and the why of what ended up going down... there are no solutions to contain the actual problem and plenty of solutions given that yield an ideological solution (Dodd/Obama/Frank) to a non-existent problem (that they banks don't love us enough or something... not properly holistic I guess).

Blah.

 

[gregg729]

Re: ObamaRama 8

Economies are optimized when systems efficiently move goods and services from producers to consumers. Not when a politician waves his hands.

And that's the heart of the matter. What you just said is blasphemy to a liberal, especially one so radical as Obama. Liberals believe in a centrally regulated economy and radical liberals believe in a centrally planned economy. We've seen the results of the latter on the far side of the former Iron Curtain.

 

[walrus]

Re: ObamaRama 8

Whats the latest Obama approval ratings anyway?

 

[LynahFan]

Re: ObamaRama 8

Hard to say - it's a little eerie that Rover isn't in here posting them every 20 minutes or so. Surely they're still the BEST APPROAVALS AEVARH!!11!!1!

 

[Rover]

Re: ObamaRama 8

Hard to say - it's a little eerie that Rover isn't in here posting them every 20 minutes or so. Surely they're still the BEST APPROAVALS AEVARH!!11!!1!

Same thing as last month and the month before that. Right wing hearthrob Scottie Rasmussen has Obama's approval at negative 10 I think last time I checked, while most everybody else has him in the low 50's. Like I lot of people I suspect I'm waiting for something big to happen (say health care final resolution) before launching yet another discussion.

Nice of you to be thinking about me though Lynah. Just cements my reputation as a legend around here...

 

[ScoobyDoo]

Re: ObamaRama 8

Regulation should be a matter of operating in the public trust... and to me that means anti-fraud and consumer protection. Anything beyond that is silly. The banks need not be responsible to be public servants whether its social justice or green justice so on. They owe us reasonably not to take unstable bets.

I'm of the (re-enforced) opinion that most people don't understand the basics of what went on but regardless they like to tar and feather blindly. The problem is that some very arrogant people took bets which they all felt couldn't go wrong that got pulled apart, sometimes dramatically, when lies in the system accumulated. Every time you fail its because something didn't go accordingly with how you assumed things would happen. These investment banks all want to make money... their egos are too in twined... the problem is that these guys are taking strong arrogant risks because they think they're going to win.

You have to be careful with regulation... what does it do... why does it do it? Any changes to the system will affect our engine... and seeing as Obama and company are seeking ways to create a social re-alignment there are many ways that they can go wrong which will permanently warp our available economic efficiency... of course since we'll be in that system we won't know what it would have been like otherwise. That being said we're over a year and a half out since we more or less knew the how and the why of what ended up going down... there are no solutions to contain the actual problem and plenty of solutions given that yield an ideological solution (Dodd/Obama/Frank) to a non-existent problem (that they banks don't love us enough or something... not properly holistic I guess).

Blah.

The fact is we deregulated what was already regulated. When things were regulated things were fine, when they were deregulated we had the SNL crash, and now the recent dereg has caused the "Too Big To Fail" crash.

That's the point that was being made.

 

[ScottM]

Re: ObamaRama 8

The fact is we deregulated what was already regulated. When things were regulated things were fine, when they were deregulated we had the SNL crash, and now the recent dereg has caused the "Too Big To Fail" crash.

That's the point that was being made.

Be careful what you wish for with "regulation". If your credit limits have been slashed or your accounts closed recently, you can probably trace it back to a new litany of Fed rules and a new law that effectively dismantled risk-based pricing for card issuers. The fact of the matter is that all of the "regulation" in the world cannot overcome wilfull, irresponsible behavior by those involved.

 

[ScoobyDoo]

Re: ObamaRama 8

Be careful what you wish for with "regulation". If your credit limits have been slashed or your accounts closed recently, you can probably trace it back to a new litany of Fed rules and a new law that effectively dismantled risk-based pricing for card issuers. The fact of the matter is that all of the "regulation" in the world cannot overcome wilfull, irresponsible behavior by those involved.

I was fine before the deregulation. I'm not wishing for anything. Willful irresponsible behavior should land those idiots in the clink.

 

[Handyman]

Re: ObamaRama 8

I was fine before the deregulation. I'm not wishing for anything. Willful irresponsible behavior should land those idiots in the clink.

Yes but what about the irresponsible behavior of the average person...the schmucks who take out loans they can't pay for or credit cards they can't pay off. All the regulation in the world can't stop them. (people defaulted before, they default now, they will in the future)