Is Barack Obama floundering...?

[DiscoMan]

In 2-1/2 weeks the DJIA has dropped 1460 points – 18%. Like it or not Wall Street still controls the USA and by extension the world. As the feckless Obamanites float one poorly thought out financial recovery (tax and spend) scheme after another the people are voting with their wallets – by keeping them closed. No consumer spending and no investing in stocks...and the economy continues to tank To be sure the greed, corruption and massive criminality on Wall Street has caused this economic collapse and just as sure the Obamanites have no clue as to what to do. Perhaps they would be better off to do nothing and let the marketplace clean up its own mess.

I would suggest they pull all this inflationary TARP money, end the nationalization of failing businesses (let them all go Chapter 11) together with their dreams of a socialist utopia and govern the USA as it is (warts and all) and forget this socialist idiocy. I had high hopes for BO, after a month he’s looking more like that failed nincompoop Jimmy Carter (does the double standard apply to “nincompoop Jimmy Carter”, which is only my opinion, afterall…).

Remember the mid-term election in 2010…

Your thoughts?

[paul]

My friend, we have had nearly 30 solid years of conservative right-wing trickledown economics suicide.
Quite frankly, I'm more concerned about the lives of people on main street. And even if if the greedy, rich, self interested bastards on wall street can't see past the billions they've sucked out of the economy, it is main street where true recovery will begin for them too.

I may have some misgivings about the President's unwillingness to go full-bore and take on the "economic royalist", but it's only been a few weeks. You've had 8 god damn years of the bush-cheney criminal cabal raiding the treasury. I certainly don't wanna hear from that side of the political spectrum discussing economics.
Nothing personal DM but you must be a rich republican to make your case, otherwise you have to a brain dead republican!

[DiscoMan]

W's raid on the U.S. Treasury pales in comparison to what BO is doing.
I'm not a rich republican, just a grandson of two interracial marriages and the first in my family to get a college education - that I paid for from a state school. I've worked in manufacturing my entire life and just watched my entire retirement get wiped out.

So far BO hasn't done a d**n thing that makes me hopefull for my future and I don't intend to live my final years on the res. Or the USG dole.
I see a left wing coup d'etats, which is not what the country voted for.

[paul]

The country voted for a more left agenda when they voted this president and congress in, period!
As for your retirement, you're not blaming that on President Obama are you?
Just rememeber, if it were up to a conservative agenda, our social security like many 401ks would have been pissed away in the stock market.

[BrunoRepublic]

So DM... you think people are scared now? You'd prefer it if market forces continued to determine the path, so that more banks collapse, millions of people have their savings (not just their investments) wiped out, everyone loses faith in the whole financial system, switches to stuffing cash under mattresses or hoarding gold bars, and the remaining financial institutions crumble as everyone rushes to withdraw their money? You'd prefer it if it was impossible for anyone to get any kind of mortgage or a car loan? No property ownership or cars unless you can pay in full, up-front? You want to see your country, which is almost entirely dependent on the automobile, be at the mercy of foreign automakers because they'll be the only ones left standing?

Seriously, you want that? This isn't just about a few incompetent bankers getting their comeuppance or some badly-run dinosaur businesses finally coming down. It's much bigger than that.

Yes, the bailouts suck. They suck big-time, and everyone knows it. But the alternative scenarios are far worse. Sometimes your only option is to pick the least of all evils.

[DiscoMan]

I agree that the country voted for a left of center agenda. I support a left of center agenda, myself – within reason (ie subject to debate). The country didn’t vote for a far-left coup d’etat. What this giveaway shaping up to be and BO has no mandate by far – a slight majority does not a mandate make.

We need change and though the Republican Party has made itself irrelevant they still represent a significant proportion of the electorate – the definition of “republic”. And I would say the same about the dems if the situation were reversed.

SSI reform is dead for the rest of my life.

I’m not blaming BO for the economic fraud and criminality that has brought our economy crashing down, but the democrats certainly had a hand in it – NAFTA, CAFTA, WTO, Chris Dodd and Barney Frank are all dem initiatives.

Investors are expressing their support (lack of) for BO’s give away by pulling their money out of the stock market. Where is the accountability of the perpetrators of this theft? Including accountability for the enablers of both parties in the USG. BO has dumped massive $$$ into a monumental giveaway; supposedly to clean this mess up and the reality is that it's nothing but a power grab and payoff. And I'm not convinced that the alternative is far worse - get the toxic mortgages of the banks' books, lock the perps up and confiscate their property and assets and let the economy proceed. Albeit with some rules...

[remicks]

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So far ....I'll admit to being disappointed somewhat in Obama .....although I was never under any delusions that its the President of this country that actually wields the power of national (world) decision making .....AND at this point O's main focus is just trying to salvage some type of normalcy from the sorry state of affairs dumped on him.

Still....what are the conservatives bitching about?? They have always claimed that taxes and building up a huge government coffer to run things was unAmerican ... that what's needed is for the money to be kept in the hands of the private sector.... because they'll better manage it (())) and make it work for the benefit of all thanks to trickle down.

OK ...so here we have it ....
the government is transferring over trillions of dollars to the private sector so they can get on with doing their thing ...and yet the political crowd that believes that's the right way to run things: now feigns outrage about it .............

Good God, those overly rich sobs are still getting their money ( thanks to the government they hate) ..... & ....isn't that all these folks are about!!

It's all phony posturing and game playing .....

Obama is just continuing along the same path that Bush did .... continuing to build on that same economic rescue plan that Maverick McCain rushed back to Washington to create (remember ?) !!!

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[DiscoMan]

It's all phony posturing and game playing .....

Obama is just continuing the same path that Bush did .... continuing with that same economic rescue plan that Maverick McCain rushed back to Washington to create (remember ?)

I agree and this is one reason why I would pull the plug on this "bailout". These thieves have already stolen enough money...
It would be nice to see Government level the playing field between the corporations and everyone else, but that will never happen because both parties are owned by the corpoartions. So instead BO feeds us this pablum about economic catasrophe, sends Eric Holder after "assault weapons" to save Mexico; as if those same smugglers who smuggle thousands of tons of drugs through Mexico couldn't smuggle thousands of tons of weapons into Mexico, and gets into a stupid public fight with Rush Limbaugh... The BO administration is striking me as being a bunch of naive college elites.

And then we have the Russians sticking it up his *** (double standard).

[DiscoMan]

The latest employment numbers support the argument that BO's radical economic policies are;
A. Killing the DJIA
B. Killing any recovery
C. Killing employment

This is Jimmy Carter redux. I was hoping BO would be a mix of the best economic policies of John Kennedy and Bill Clinton NOT Jimmy Carter.

And remember Jimmy Carter set the stage for Ronald Reagan...

[remicks]

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Stop listening to RUSH !!!

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