Outstanding Article

[cawacko]

I would suspect Obama has plenty on his plate now.

The first thing is the health care bill. Then the wars. Now the economy. He can't spread himself too thin.

Once the health care bill passes I"m sure he'll start reforming other things.

So Glass-Steagal was the big cause of the meltdown but Obama has too much on his plate to address it?

And what's Democratic Congress's excuse over the last three years?

 

[apple0154]

And you were following how hard he was trying during that time?

I saw how often he was on TV and in the news promoting the war with Iraq which was a lot more frequent than informing the people about the coming financial collapse or, at least, the shaky foundation on which it was set.

 

[cawacko]

I saw how often he was on TV and in the news promoting the war with Iraq which was a lot more frequent than informing the people about the coming financial collapse or, at least, the shaky foundation on which it was set.

In 2003 the economy was slowing starting to recover. You expected him to be on the air projecting a market collapse in 2008?

 

[apple0154]

So Glass-Steagal was the big cause of the meltdown but Obama has too much on his plate to address it?

And what's Democratic Congress's excuse over the last three years?

Again, Congress persons have their own skin to worry about such as being elected again. Bush didn't have that to consider.

As for Obama correcting the problem he's still working on it. He is still fighting with the banks to open lending. It's not exactly the best time to annoy them unless they don't open lending.

 

[cawacko]

Again, Congress persons have their own skin to worry about such as being elected again. Bush didn't have that to consider.

As for Obama correcting the problem he's still working on it. He is still fighting with the banks to open lending. It's not exactly the best time to annoy them unless they don't open lending.

You do know how our government works right? Bush, just as Clinton, couldn't sign anything until Congress passed it.

And if Glass-Stagel was instramental in causing the financial collapse why would people in Cogress be wary of repealing it? My guess is most Americans don't even know what Glass-Stegal is I seriously doubt people in Congress were worried about getting voted out of office over it.

 

[cawacko]

Again, Congress persons have their own skin to worry about such as being elected again. Bush didn't have that to consider.

As for Obama correcting the problem he's still working on it. He is still fighting with the banks to open lending. It's not exactly the best time to annoy them unless they don't open lending.

He's still working on it? I'm not heard him mention Glass-Steagal once.

 

[apple0154]

You do know how our government works right? Bush, just as Clinton, couldn't sign anything until Congress passed it.

And if Glass-Stagel was instramental in causing the financial collapse why would people in Cogress be wary of repealing it? My guess is most Americans don't even know what Glass-Stegal is I seriously doubt people in Congress were worried about getting voted out of office over it.

That's my point. The people didn't know and that's why Bush needed to inform the people when he saw how things were being done.

 

[apple0154]

He's still working on it? I'm not heard him mention Glass-Steagal once.

He's working on getting the credit flowing. He's not going to threaten to interfere with the banks while he still requires their co-operation. He has to get the economy back on track before putting forward changes.

 

[cawacko]

That's my point. The people didn't know and that's why Bush needed to inform the people when he saw how things were being done.

Well you have people like Bill Clinton claiming Glass-Steagal didn't play a role in the meltdown. That's not to say your opinion isn't valid. If Glass-Steagal was so important in causing the meltdown why didn't McCain or Obama mention it during the primary? Were they too busy then as well?

 

[cawacko]

He's working on getting the credit flowing. He's not going to threaten to interfere with the banks while he still requires their co-operation. He has to get the economy back on track before putting forward changes.

So it caused the meltdown but you want to wait for the economy to recover before addressing it? No disrespect but that seems ass backward.

 

[Good Luck]

So Obama has too much on his plate right now and gets a pass, even though defaults are again on the rise, but Bush, up to his eyebrows in the Iraq fiasco with Afghanistan starting to heat up, doing his best to spin the minimal GNP gains as "jobless recovery", polls showing him to be the least liked or trusted president in American history, should have tried harder to push through changes that the democratic held congress told him in no uncertain terms were unnecessary, gone on TV to cry gloom and doom to a public that would not listen anyway because he had ulterior motives for crying gloom and doom?

Talk about your brain dead, blind, head up the donkey's ass, full on partisan bull shit. It's becoming apparent you have no real reason against Bush except he was from the wrong political party. Of all the legitimate criticisms of Bush that are available, you make up this kind of unmitigated party line crap?

 

[FUCK THE POLICE]

So Obama has too much on his plate right now and gets a pass, even though defaults are again on the rise, but Bush, up to his eyebrows in the Iraq fiasco with Afghanistan starting to heat up, doing his best to spin the minimal GNP gains as "jobless recovery", polls showing him to be the least liked or trusted president in American history, should have tried harder to push through changes that the democratic held congress told him in no uncertain terms were unnecessary, gone on TV to cry gloom and doom to a public that would not listen anyway because he had ulterior motives for crying gloom and doom?

Talk about your brain dead, blind, head up the donkey's ass, full on partisan bull shit. It's becoming apparent you have no real reason against Bush except he was from the wrong political party. Of all the legitimate criticisms of Bush that are available, you make up this kind of unmitigated party line crap?

 

[cawacko]

So Obama has too much on his plate right now and gets a pass, even though defaults are again on the rise, but Bush, up to his eyebrows in the Iraq fiasco with Afghanistan starting to heat up, doing his best to spin the minimal GNP gains as "jobless recovery", polls showing him to be the least liked or trusted president in American history, should have tried harder to push through changes that the democratic held congress told him in no uncertain terms were unnecessary, gone on TV to cry gloom and doom to a public that would not listen anyway because he had ulterior motives for crying gloom and doom?

Talk about your brain dead, blind, head up the donkey's ass, full on partisan bull shit. It's becoming apparent you have no real reason against Bush except he was from the wrong political party. Of all the legitimate criticisms of Bush that are available, you make up this kind of unmitigated party line crap?

I'm not even going to make the argument that Bush was a good leader because I don't think he was. But his argument is one of to sit back and lets cherry pick things I think he should have done different in hindsight.

 

[Good Luck]

He's working on getting the credit flowing. He's not going to threaten to interfere with the banks while he still requires their co-operation. He has to get the economy back on track before putting forward changes.

Does it not concern anyone that Obama is trying his best to go down the same road that got us in trouble (more than once) in the first place? Opening credit will only result in a repeat of the same damned problems that keep cropping up time after time after time. The federal government pushes credit on us like a fucking drug dealer. Get people buying things they cannot afford so the numbers get them elected again.

When the people end up paying $500 in principle plus interest for a $250 TV, it is not a good economy, no matter what the GNP numbers show. The fucking federal government has been pushing a credit economy on us since WWI. And we keep getting in deep trouble for it. Great depression, multiple recessions, the latest crisis that threatened another great depression (still does, we ain't out of the woods yet) and our illustrious leaders' answer is to set up the house of cards yet one more time, and cross their fingers a stray breeze waits at least 8 years to blow it down again.

And the people line up like fucking lemmings for their new plastic, because by God, we deserve to have all this stuff we cannot afford, and we deserve to have it now.

 

[apple0154]

Well you have people like Bill Clinton claiming Glass-Steagal didn't play a role in the meltdown. That's not to say your opinion isn't valid. If Glass-Steagal was so important in causing the meltdown why didn't McCain or Obama mention it during the primary? Were they too busy then as well?

As you mentioned earlier the average guy didn't know about Glass-Steagal and the primaries were all about getting elected.

If the Glass-Steagal Act was still in force the financial crisis wouldn't have happened because banks and investment companies were separate.

 

[cawacko]

As you mentioned earlier the average guy didn't know about Glass-Steagal and the primaries were all about getting elected.

If the Glass-Steagal Act was still in force the financial crisis wouldn't have happened because banks and investment companies were separate.

There are a lot of things the average guy doesnt know about. If Glass-Steagel is so important then if the candidates were real leaders they would educate the public. What does that say about Obama's leadership?

 

[apple0154]

So it caused the meltdown but you want to wait for the economy to recover before addressing it? No disrespect but that seems ass backward.

The banks and other companies will not co-operate if they know Obama is planning a major change. We have to get things back to relative normalcy first.

The banks and other powers-that-be can still disrupt Obama/the economy.

 

[cawacko]

The banks and other companies will not co-operate if they know Obama is planning a major change. We have to get things back to relative normalcy first.

The banks and other powers-that-be can still disrupt Obama/the economy.

And how would they have reacted if Bush did it? That makes no sense.

 

[apple0154]

I'm not even going to make the argument that Bush was a good leader because I don't think he was. But his argument is one of to sit back and lets cherry pick things I think he should have done different in hindsight.

What hindsight is needed? The economy failed before and there was a solution. That was the Glass-Steagall Law. Bush knew things were going bad and he knew the solution. The least he could have done was tell the people in a more forceful manner.

On that note I'm going to bed. Good night, good folks.

 

[Good Luck]

I'm not even going to make the argument that Bush was a good leader because I don't think he was. But his argument is one of to sit back and lets cherry pick things I think he should have done different in hindsight.

There are a lot of things Bush should have done differently, including addressing the economic crisis before it became a crisis. Shit, for 8 years they trumpeted every minimal (sometimes below inflation) gain in the economy as proof things were just fine. How many of us knew things were not fine? I mean, Iraq is not the only reason the people did not like Bush.

But when talking about things that should have been done, even judging the situation only by what was known before hand, so should congress have done things differently. So should have Clinton and the congress during his admin, Bush Sr., Reagan, Carter, Ford, Nixon, Johnson, Kennedy, etc. etc. etc. all the way back to the day the federal government discovered that by pushing laws that encouraged credit spending they could actually gain a strong influence in a free market economy. But they did not address the crisis inherent in credit spending. Each and every damned one of them didd the SAME things (though using different methods): encourage and increase credit spending to artificially boost the economy during their terms in office.

The one thing I am not going to blame Bush for is not crying doom and gloom to the American public. I won't blame him because there is not a single elected politician in the entire history of elected politicians who would have done so under Bush's circumstances. Nor will I blame Bush over and above other sections of government who, in reality, had more ability or authority to directly address the problem.