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Date: 12 Jan 2009 15:45:13
From: Travel A
Subject: Obama: A Disaster- Even Before Being Sworn-in
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http://www.msnbc.msn.com/id/28603203/
Note the part of the article, above, where Obama comments on Gitmo.
Flip-flop.
Are left-wing groupies now going to trash Obama as they did Bush?
.............................
Obama wants to delay the change-over from analog to digital, because of
a shortage of government-issued-to low-income people- coupons of a lousy
$40 discount for converter boxes. The relatively tiny amount of people,
in question, will come up with the $40 to continue watching TV. This
issue is an absurdity and points-out the irresponsible decision making
capability based on sucking-up o left-wing "ideology" that we can expect
from Obama in the future.
The massive change-over is all set to go and it would create chaos
within a complex, multi-industry coordinated effort.
The dictator-elect wants to stop the world because of those with rabbit
ears.
A Welfare recipient without cable? I don't think so...can't come up with
a one-time $40 for TV..., please.
................
Obama wants to use the second phase of the Paulson bail-out to keep the
grossly unqualified in home ownership; for probably another four months
until, once again, there are massive defaults on the very type of
mortgage loans that caused the financial crisis in the first place.
These people should be renting. They won't be "losing their homes".
"Phase one" of the Paulson bail-out, of course, went to bailing-out his
fellow capitalist exploiting communists on Wall Street who enabled the
financial crisis.
The 90% +- people who work and pay their mortgage, (the taxpayers who
are funding the bail-outs) and the responsible banks that never sold
sub-prime mortgages, get jack-shit.
.....................
And he hasn't even been sworn-in yet.
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Date: 12 Jan 2009 19:20:14
From: risky biz
Subject: Re: Obama: A Disaster- Even Before Being Sworn-in
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On Jan 12 2009 4:45 PM, Travel A wrote:
> http://www.msnbc.msn.com/id/28603203/
>
> Note the part of the article, above, where Obama comments on Gitmo.
>
> Flip-flop.
>
> Are left-wing groupies now going to trash Obama as they did Bush?
Is Paris Hilton a left-wing groupie? That nasty bitch drives me crazy.
________________________________________________________________________
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Date: 12 Jan 2009 17:54:40
From: CheckRazor
Subject: Re: Obama: A Disaster- Even Before Being Sworn-in
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We can put light where there=92s darkness, and hope where there=92s
despondency in this country. And part of it is working together as a
nation to encourage folks to own their own home.=94 =97 President Bush,
Oct. 15, 2002
The Reckoning
Ownership Society
Articles in this series are exploring the causes of the financial
crisis.
Larry Downing/Reuters
HANDS-OFF REGULATORS President Bush and his economic team, Ben S.
Bernanke, left, Henry M. Paulson Jr. and Christopher Cox, right, in
September.
WASHINGTON =97 The global financial system was teetering on the edge of
collapse when President Bush and his economics team huddled in the
Roosevelt Room of the White House for a briefing that, in the words of
one participant, =93scared the hell out of everybody.=94
It was Sept. 18. Lehman Brothers had just gone belly-up, overwhelmed
by toxic mortgages. Bank of America had swallowed Merrill Lynch in a
hastily arranged sale. Two days earlier, Mr. Bush had agreed to pump
$85 billion into the failing insurance giant American International
Group.
The president listened as Ben S. Bernanke, chairman of the Federal
Reserve, laid out the latest terrifying news: The credit markets,
gripped by panic, had frozen overnight, and banks were refusing to
lend money.
Then his Treasury secretary, Henry M. Paulson Jr., told him that to
stave off disaster, he would have to sign off on the biggest
government bailout in history.
Mr. Bush, according to several people in the room, paused for a
single, stunned moment to take it all in.
=93How,=94 he wondered aloud, =93did we get here?=94
Eight years after arriving in Washington vowing to spread the dream of
homeownership, Mr. Bush is leaving office, as he himself said
recently, =93faced with the prospect of a global meltdown=94 with roots in
the housing sector he so ardently championed.
There are plenty of culprits, like lenders who peddled easy credit,
consumers who took on mortgages they could not afford and Wall Street
chieftains who loaded up on mortgage-backed securities without regard
to the risk.
But the story of how we got here is partly one of Mr. Bush=92s own
making, according to a review of his tenure that included interviews
with dozens of current and former administration officials.
From his earliest days in office, Mr. Bush paired his belief that
Americans do best when they own their own home with his conviction
that markets do best when let alone.
He pushed hard to expand homeownership, especially among minorities,
an initiative that dovetailed with his ambition to expand the
Republican tent =97 and with the business interests of some of his
biggest donors. But his housing policies and hands-off approach to
regulation encouraged lax lending standards.
Mr. Bush did foresee the danger posed by Fannie Mae and Freddie Mac,
the government-sponsored mortgage finance giants. The president spent
years pushing a recalcitrant Congress to toughen regulation of the
companies, but was unwilling to compromise when his former Treasury
secretary wanted to cut a deal. And the regulator Mr. Bush chose to
oversee them =97 an old prep school buddy =97 pronounced the companies
sound even as they headed toward insolvency.
As early as 2006, top advisers to Mr. Bush dismissed warnings from
people inside and outside the White House that housing prices were
inflated and that a foreclosure crisis was looming. And when the
economy deteriorated, Mr. Bush and his team misdiagnosed the reasons
and scope of the downturn; as recently as February, for example, Mr.
Bush was still calling it a =93rough patch.=94
The result was a series of piecemeal policy prescriptions that lagged
behind the escalating crisis.
=93There is no question we did not recognize the severity of the
problems,=94 said Al Hubbard, Mr. Bush=92s former chief economics adviser,
who left the White House in December 2007. =93Had we, we would have
attacked them.=94
Looking back, Keith B. Hennessey, Mr. Bush=92s current chief economics
adviser, says he and his colleagues did the best they could =93with the
information we had at the time.=94 But Mr. Hennessey did say he
regretted that the administration did not pay more heed to the dangers
of easy lending practices. And both Mr. Paulson and his predecessor,
John W. Snow, say the housing push went too far.
=93The Bush administration took a lot of pride that homeownership had
reached historic highs,=94 Mr. Snow said in an interview. =93But what we
forgot in the process was that it has to be done in the context of
people being able to afford their house. We now realize there was a
high cost.=94
For much of the Bush presidency, the White House was preoccupied by
terrorism and war; on the economic front, its pressing concerns were
cutting taxes and privatizing Social Security. The housing market was
a bright spot: ever-rising home values kept the economy humming, as
owners drew down on their equity to buy consumer goods and pack their
children off to college.
Lawrence B. Lindsey, Mr. Bush=92s first chief economics adviser, said
there was little impetus to raise alarms about the proliferation of
easy credit that was helping Mr. Bush meet housing goals.
=93No one wanted to stop that bubble,=94 Mr. Lindsey said. =93It would have
conflicted with the president=92s own policies.=94
http;//www.nytimes.com/2008/12/21/business/21admin.html?
_r=3D38pagewanted=3D18hp
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Date: 12 Jan 2009 22:03:24
From: Travel A
Subject: Re: Obama: A Disaster- Even Before Being Sworn-in
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Also, I didn't read the pasted article. If it's yet another left wing
propaganda article blaming the Republicans for the financial crisis,
it's target audience is morons who will believe it.
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Date: 13 Jan 2009 11:20:26
From: ChrisRobin
Subject: Re: Obama: A Disaster- Even Before Being Sworn-in
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On Jan 13 2009 1:03 AM, Travel A wrote:
> Also, I didn't read the pasted article. <snip>
What a shock.
-------
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Date: 13 Jan 2009 15:00:33
From: Travel A
Subject: Re: Obama: A Disaster- Even Before Being Sworn-in
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Skipping over propaganda mantra would a shock to you, wouldn't it.
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Date: 13 Jan 2009 18:48:04
From: risky biz
Subject: Re: Obama: A Disaster- Even Before Being Sworn-in
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On Jan 13 2009 4:00 PM, Travel A wrote:
> Skipping over propaganda mantra would a shock to you, wouldn't it.
It would'a me.
-----
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Date: 13 Jan 2009 23:55:32
From: Travel A
Subject: Re: Obama: A Disaster- Even Before Being Sworn-in
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Re: Obama: A Disaster- Even Before Being Sworn-in
Group: rec.gambling.poker
Date: Tue, Jan 13, 2009, 6:48pm
From: risky biz <risky-biz@sbcglobal.net >
On Jan 13 2009 4:00 PM, Travel A wrote:
Skipping over propaganda mantra would a shock to you, wouldn't it.
It would'a me.
.........................................................................................
I left out the word "be". You, on the other hand, due to stupidity, used
an improper grammatical contraction: "would'a".
I, merely posted a typographical error. You, represented your idiocy.
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Date: 14 Jan 2009 08:45:47
From: risky biz
Subject: Re: Obama: A Disaster- Even Before Being Sworn-in
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On Jan 14 2009 12:55 AM, Travel A wrote:
> Re: Obama: A Disaster- Even Before Being Sworn-in
> Group: rec.gambling.poker
> Date: Tue, Jan 13, 2009, 6:48pm
> From: risky biz <risky-biz@sbcglobal.net>
>
>
> On Jan 13 2009 4:00 PM, Travel A wrote:
>
> Skipping over propaganda mantra would a shock to you, wouldn't it.
>
> It would'a me.
>
.........................................................................................
>
>
> I left out the word "be". You, on the other hand, due to stupidity, used
> an improper grammatical contraction: "would'a".
>
> I, merely posted a typographical error. You, represented your idiocy.
Whaddya talkin' 'bout, Holmes?
____________________________________________________________________
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Date: 15 Jan 2009 04:34:10
From: Travel A
Subject: Re: Obama: A Disaster- Even Before Being Sworn-in
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I'm talkin' 'bout you startin' a thread 'bout killfilin' someone, and
every responds by saying that they'd like to killfile...you :-)
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Date: 12 Jan 2009 21:00:09
From: Travel A
Subject: Re: Obama: A Disaster- Even Before Being Sworn-in
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Re: Obama: A Disaster- Even Before Being Sworn-in
Group: rec.gambling.poker
Date: Mon, Jan 12, 2009, 5:54pm
From: CheckRazor <Luv2skibumps_222@hotmail.com >
We can put light where there=EF=BF=BDs darkness, and hope where
there=EF=BF=BDs despondency in this country. And part of it is working
together as a nation to encourage folks to own their own home.=EF=BF=BD
=EF=BF=BD President Bush, Oct. 15, 2002
The Reckoning
Ownership Society
Articles in this series are exploring the causes of the financial
crisis.
.....................................................
Right, Bush is part of the problem. What you're not right about is in
thinking that Bush represents conservatives and traditional
Republicans. The truth of the matter is that, Bush is a left wing
appeaser, and the finacial crisis was caused by the leftwing's insane
agenda of socialism.
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Date: 13 Jan 2009 00:06:24
From: risky biz
Subject: Re: Obama: A Disaster- Even Before Being Sworn-in
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On Jan 12 2009 10:00 PM, Travel A wrote:
> Right, Bush is part of the problem. What you're not right about is in
> thinking that Bush represents conservatives and traditional
> Republicans. The truth of the matter is that, Bush is a left wing
> appeaser, and the finacial crisis was caused by the leftwing's insane
> agenda of socialism.
Meanwhile, on planet earth, our saga continues. A small, but dedicated
group of individuals who have not fallen under the sway of . . . etc.
_____________________________________________________________________
RecGroups : the community-oriented newsreader : www.recgroups.com
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Date: 12 Jan 2009 22:12:48
From: Clave
Subject: Re: Obama: A Disaster- Even Before Being Sworn-in
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"Travel A" <nine510@webtv.net > wrote in message
news:8777-496C2DE9-9494@baytvnwsxa001.msntv.msn.com...
<... >
> The truth of the matter is that, Bush is a left wing
> appeaser, and the finacial crisis was caused by the leftwing's
> insane agenda of socialism.
This is just sad.
Jim
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Date: 12 Jan 2009 23:42:28
From: Travel A
Subject: Re: Obama: A Disaster- Even Before Being Sworn-in
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My sentiments, exactly.
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Date: 12 Jan 2009 18:24:11
From: James L. Hankins
Subject: Re: Obama: A Disaster- Even Before Being Sworn-in
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"Travel A" <nine510@webtv.net > wrote in message
news:9372-496BD609-9413@baytvnwsxa002.msntv.msn.com...
> And he hasn't even been sworn-in yet.
Sucks don't it?
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Date: 12 Jan 2009 15:59:41
From: Senator Millionaire
Subject: Re: Obama: A Disaster- Even Before Being Sworn-in
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On Jan 12, 6:45=A0pm, nine...@webtv.net (Travel A) wrote:
> http://www.msnbc.msn.com/id/28603203/
>
> Note the part of the article, above, where Obama comments on Gitmo.
>
> Flip-flop.
>
> Are left-wing groupies now going to trash Obama as they did Bush?
Left-wing groupies will always whine and complain regardless. Now that
the Messiah has moved to the middle the lefties are going nuts! LOL!
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