Thoughts on Obama SO FAR?

[hippifried]

Ok, this is where hippifried jumps in and accuses me of hyperbole (although this has been a pretty tame post for me - I didn't even use the term REICHwing).

Moi???
Oh perish the thought. (where'd I put that damned halo?)

Actually, I think the Harpers piece has a pretty good handle on some of the thought process that went into making the decisions that were made. I just think they give these guys waaaay too much credit for ideological purity. The deal with ideologues is that they get pushed in front to make the academic arguments in public, but nobody in their right mind would ever actually put them in charge of anything. Bill Kristol (with the kool-aid grin) is forever in some pundit's chair or another, talking up the simplistic beauty of neoconishness, but he has no clout when it comes to decisive action. GW Bush played the dumb hick role brilliantly, but nobody should ever be lulled into thinking that he really was. Ronald Reagan talked a bunch of "fiscal conservative", but when pressed on the outrageous deficits getting run up to handle his policies, he merely said "debt doesn't matter". These guys were all just straight up crooks. That automatically raises the amount of cynic points.

I don't think any of it was so high minded as to give 2 shits about the Iraqis. Aside from the nationalized oil, they already had a laissez faire economy. Prior to & even during the sanctions, they had thriving middle & merchant classes. They had a high literacy rate, including women. (believe it or not, Shia is actually the liberal wing of Islam) They had unionized trades, including the oil workers. They had a well organized bureaucracy & an efficient police force. They weren't commies. Of course the entire society had to be destroyed. We just HAD to. How else could we spend billions training amateurs to do the jobs of all the professionals we fired? But hey, the objective was reached. All that oil is now in the hands of private industry without all that OPEC interference. Gimme gimme gimme...

[beandip]

He's the Banksters bitch, just like Shrub before him. Everything else after that doesn't matter.

Same as the last asshole, just different skin pigment.

[beandip]

Giovanni Hotel: "Sometimes I wish Obama had nixed tarp and the stimulus package just to end Right wing voodoo economic policies once and for all."

Now that's some funny shit there... who was it again that signed "Glas-Ste" That got us into this mess?

I'll give ya a hint there slappy... he wasn't "right wing".

[beandip]

Dayum Goku....finally someone with a clue (and then some).

Rock on.

[beandip]

Hippifried: "Housing didn't crash the banks. It was a major factor, but they were leveraged way beyond solvency. Still are. The CDOs were a fraud, & it really needs to be prosecuted. The problem is that all this junk paper is still floating around out there & nobody knows exactly how to clear it off the books. It's going to take a while."

Wow you fucking pompous asshole, you sure changed your tune in 2 years...
hahahahahahahahaha

You sure were slow to come round though.

We have laws that can "clear the books". Being that the FED (member banks) are insolvent, as I pointed out to you 2 years ago, they need to be dissolved, their bones picked clean. Then and only then can our economy begin to heal. The problem is that all the member banks of the FED have in fact "shorted" each other... so when the first one goes (likely BoA), all the rest go down too, which I also pointed out to you before.

It must suck living with a two year time lag.

[yodajazz]

Hippifried: "Housing didn't crash the banks. It was a major factor, but they were leveraged way beyond solvency. Still are. The CDOs were a fraud, & it really needs to be prosecuted. The problem is that all this junk paper is still floating around out there & nobody knows exactly how to clear it off the books. It's going to take a while."

Wow you fucking pompous asshole, you sure changed your tune in 2 years...
hahahahahahahahaha

You sure were slow to come round though.

We have laws that can "clear the books". Being that the FED (member banks) are insolvent, as I pointed out to you 2 years ago, they need to be dissolved, their bones picked clean. Then and only then can our economy begin to heal. The problem is that all the member banks of the FED have in fact "shorted" each other... so when the first one goes (likely BoA), all the rest go down too, which I also pointed out to you before.

It must suck living with a two year time lag.

I'm not so sure that having mega banks gooble up more smaller banks is the solution. It was better when banks had a stake in the communities where they were located. Once mega banking took over, it was all about pushing paper, (loans). Whether they were sound or not did not matter much, cause they were selling them off to other investors. And they could cover their risk with CDO's. I was in housing court, and one man was there, representing his father, who lives in China. I'm sure they did not tell that Chineese man, that he was buying, a ghetto property with numerous code violations.

The bigger the entity is, it seems the less it matters about people. I tend to trust government more than private corporations, because at least government has some accountablity to the people.

[beandip]

I'm not so sure that having mega banks gooble up more smaller banks is the solution.

With all due respect, you have it backwards, or misread what I posted.

It is not the solution. The MEGA banks are tits up. There is a legal mechanism to rectify this problem. It's called bankruptcy. Let the smaller SOLVENT regional banks who have played by the rules and have been more conservative in their business model strip the big banks of their (very few) legit assets. That is the only way for this economy to heal. It is mathamatically impossible for us to "grow" our way out of this debt. Not even with 10% "growth". Not even with 30% tax hikes across the board for EVERYONE + 10% growth. The numbers do not add up. As I stated 2 years ago, this is mainly a battle between the bigger Banking institutions....and to a lesser extent a battle between the Yuan, Euro and the Dollar. We are fucked. But Europe is more fucked than we are. The EU will crumble before the US. Do you really think Merkel and the Germans want to bail out Ireland, Spain, Portugal and Greece? Nope.

Now think about this. We've had two missiles launched off of our coasts in the last two weeks. There are 5 country's with that capability. US, France, Russa , China and the US. Notice how much shit paper (UST) China currently holds. Notice what Bernanke has started to do (QE2). How would you like being China....holding billions and billions of US debt, knowing that the US can NEVER pay it back....and then watch as Bernanke devalues that debt into oblivion.

So those 2 pretty little displays of fireworks....were for the benefit of US to see.

Notice how Obama is taking more road trips outside the country? It's for a reason.

But again.... as I was blabbing two years ago in this forum, there is no political will to do the right thing.


So
we're
all
going
down.

Hang on. You can not argue simple mathematics.

Within 6 to 9 months you'll see fighting in the streets. J6P will largely be on the sidelines. It will be the Government Union Leachfucks and thugs....against the Banksters.

See all you fukkers in another two years......if we're still here....

[hippifried]

Wow, Benie. You should wear your water wings when going off the deep end.

[PomonaCA]

With all due respect, you have it backwards, or misread what I posted.

It is not the solution. The MEGA banks are tits up. There is a legal mechanism to rectify this problem. It's called bankruptcy. Let the smaller SOLVENT regional banks who have played by the rules and have been more conservative in their business model strip the big banks of their (very few) legit assets. That is the only way for this economy to heal. It is mathamatically impossible for us to "grow" our way out of this debt. Not even with 10% "growth". Not even with 30% tax hikes across the board for EVERYONE + 10% growth. The numbers do not add up. As I stated 2 years ago, this is mainly a battle between the bigger Banking institutions....and to a lesser extent a battle between the Yuan, Euro and the Dollar. We are fucked. But Europe is more fucked than we are. The EU will crumble before the US. Do you really think Merkel and the Germans want to bail out Ireland, Spain, Portugal and Greece? Nope.

Now think about this. We've had two missiles launched off of our coasts in the last two weeks. There are 5 country's with that capability. US, France, Russa , China and the US. Notice how much shit paper (UST) China currently holds. Notice what Bernanke has started to do (QE2). How would you like being China....holding billions and billions of US debt, knowing that the US can NEVER pay it back....and then watch as Bernanke devalues that debt into oblivion.

So those 2 pretty little displays of fireworks....were for the benefit of US to see.

Notice how Obama is taking more road trips outside the country? It's for a reason.

But again.... as I was blabbing two years ago in this forum, there is no political will to do the right thing.


So
we're
all
going
down.

Hang on. You can not argue simple mathematics.

Within 6 to 9 months you'll see fighting in the streets. J6P will largely be on the sidelines. It will be the Government Union Leachfucks and thugs....against the Banksters.

See all you fukkers in another two years......if we're still here....

We have more guns so we'll win. I'm using the term "we" quite loosely.

Because I support my local shop owners, I have more guns than every liberal I know. So on a local level, my neighborhood will be liberal free come Armageddon time.

[hippifried]

We have more guns so we'll win. I'm using the term "we" quite loosely.

Because I support my local shop owners, I have more guns than every liberal I know. So on a local level, my neighborhood will be liberal free come Armageddon time.

Punk-speak...

Translation:
"gee I hope nobody sees me."