Obama's recovery more impressive than Reagan's

[abrogate]

How can one political side blame the other? The Republicans and the Democrats are both culpable of the situation the country is in.

I tend to agree with you, but (or should that be "and") I enjoy the flaming I get from posting something like that.

TARP itself doesn't seem to be a huge issue. It helped a few of the bigger institutions out, but I seem to remember reading some of the banks that were not in trouble were fight the Feds not to take the funding and the overhead of restrictions that came with it.

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Lots of gnashing of the teeth over if it was the right thing to do or not. It seemed to bailout some of the big companies, but it did not bailout the borrower who found himself underwater. Now, that is going to be the tricky one and Obama started to address it in his state of the union stump. You get an AIG and a GM into a better position and they will pay you back. You put John Q Public who was extended too far to begin with on a plan to help and it is probably just a loss. I might argue that it is a nobler loss than bailing out the corporations since it is taxpayer funds. (even though corporations pay taxes too) I wouldn't know exactly how to write the rules on this one though.

Old story that executives still made good bonuses while "on TARP". You have to pay talent to get the company on good footing. AIG took a beating publicity-wise, but without talent at the time, they could not divest of the unprofitable business (Is the best of the business now called Chartis?).
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The "crime" that both the Republicans and the Democrats are responsible for is that nobody went to jail, yet, for causing the crisis. Now, if Obama puts Godman Sachs executives in jail for what was basically fraud, then he gets to stand firmly on the high ground. Until then, IMO, they are all in it together one way or the other.

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Pardon all of the links. This one just got my heart rate up a bit and I was going down financial crisis memory lane. Disappointing.

 

[Rey C.]

I tend to agree with you, but (or should that be "and") I enjoy the flaming I get from posting something like that.

TARP itself doesn't seem to be a huge issue. It helped a few of the bigger institutions out, but I seem to remember reading some of the banks that were not in trouble were fight the Feds not to take the funding and the overhead of restrictions that came with it.

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Lots of gnashing of the teeth over if it was the right thing to do or not. It seemed to bailout some of the big companies, but it did not bailout the borrower who found himself underwater. Now, that is going to be the tricky one and Obama started to address it in his state of the union stump. You get an AIG and a GM into a better position and they will pay you back. You put John Q Public who was extended too far to begin with on a plan to help and it is probably just a loss. I might argue that it is a nobler loss than bailing out the corporations since it is taxpayer funds. (even though corporations pay taxes too) I wouldn't know exactly how to write the rules on this one though.

Old story that executives still made good bonuses while "on TARP". You have to pay talent to get the company on good footing. AIG took a beating publicity-wise, but without talent at the time, they could not divest of the unprofitable business (Is the best of the business now called Chartis?).
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The "crime" that both the Republicans and the Democrats are responsible for is that nobody went to jail, yet, for causing the crisis. Now, if Obama puts Godman Sachs executives in jail for what was basically fraud, then he gets to stand firmly on the high ground. Until then, IMO, they are all in it together one way or the other.

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Pardon all of the links. This one just got my heart rate up a bit and I was going down financial crisis memory lane. Disappointing.

Excellent post! :clap:

 

[Master Roshi]

I don't see that happening any time soon, Goldman Sachs is his and Romney's number one financial campaign contributor which goes back to that false illusion of choice

 

[Mayhem]

Not really. That's why food and gas prices have risen far too much. Foreclosures are at an all time high and so on.

I'm not defending Reagan. Just stating the facts. :hatsoff:



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Bullshit. Gas prices haven't risen at all, they've dropped from the all time high of $4.12 a gallon back in July 2008. And gas prices have stayed as stable as anyone could hope for them to, under Obama.

 

[Master Roshi]

Bullshit. Gas prices haven't risen at all, they've dropped from the all time high of $4.12 a gallon back in July 2008. And gas prices have stayed as stable as anyone could hope for them to, under Obama.

not if you throw inflation aka dollar devaluation into the mix

 

[Will E Worm]

Bullshit. Gas prices haven't risen at all, they've dropped from the all time high of $4.12 a gallon back in July 2008. And gas prices have stayed as stable as anyone could hope for them to, under Obama.

not if you throw inflation aka dollar devaluation into the mix

This and gas was far cheaper when Bush was in office.

 

[ShikokuKichiguy]

Gas is still under-priced in the US thanks to the insane/unfair subsidies paid.

 

[Sam Fisher]

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[Will E Worm]

Gas is still under-priced in the US thanks to the insane/unfair subsidies paid.

Gas is far to high. There's no reason for it to be this high.

 

[Will E Worm]

Gasoline up 100% under Obama

Feeling pain at the pump? Gas prices have doubled since Mr. Obama took office. According to the GasBuddy gasoline price tracking web site, the price of a gallon of regular gas was around $1.79 when Mr. Obama took office. Today the national average is $3.58. The lowest average price in the continental United States is $3.31 in Tulsa Oklahoma, the highest is $4.14 in Santa Barbara, CA. Four-dollar-a-gallon gas has arrived on average throughout California, and a number of other states are headed in that direction.

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[tannerm]

Nevermind the 4 Trillion dollars added in debt, and the LOWEST workforce participation rate in history.

 

[Sam Fisher]

 

[Straight Shooter]

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Not really. That's why food and gas prices have risen far too much. Foreclosures are at an all time high and so on.

I'm not defending Reagan. Just stating the facts. :hatsoff:



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The president has no control over gas and food prices Get some new material guys. We all want to blame the president for everything but we forget about this thing called Congress, they have a role in this too. The American President in my opinion gets too much blame and/or too much credit.

 

[Facetious]

Bush spent 1,020 days of his presidency on vacation.

I tell you what, if I was potus on the days that followed Sept 11, 2001 and my security advisors were telling me to stay out of Washington, I'd do just that! Vacation days, my ass!

Bush spent 487 days at Camp David, 490 days at his Crawford ranch, and 43 days in Kennebunkport.

Boring Home Body Bush. :1orglaugh

 

[Will E Worm]

The president has no control over gas and food prices Get some new material guys. We all want to blame the president for everything but we forget about this thing called Congress, they have a role in this too. The American President in my opinion gets too much blame and/or too much credit.

Yes, they do. Their policies can have a direct effect.

 

[Jane Burgess]

I tell you what, if I was potus on the days that followed Sept 11, 2001 and my security advisors were telling me to stay out of Washington, I'd do just that! Vacation days, my ass!


Boring Home Body Bush. :1orglaugh

He actually worked a lot from his ranch in Texas. He also invited the press to come and chat with him. Even if you hated him, he seemed like a good old boy.

 

[Sam Fisher]

He actually worked a lot from his ranch in Texas. He also invited the press to come and chat with him. Even if you hated him, he seemed like a good old boy.

Excellent, truthful reply, Miss Jane. :hatsoff:

 

[Straight Shooter]

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Not really. That's why food and gas prices have risen far too much. Foreclosures are at an all time high and so on.

I'm not defending Reagan. Just stating the facts. :hatsoff:



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Yes, they do. Their policies can have a direct effect.

Wrong
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[Mayhem]

He actually worked a lot from his ranch in Texas. He also invited the press to come and chat with him. Even if you hated him, he seemed like a good old boy.

I don't want a good ol' boy. I want a President. And while we're at it, I want a President who isn't going to spend 8 years fucking my country over. Is that too much to ask for?

 

[Jane Burgess]

I don't want a good ol' boy. I want a President. And while we're at it, I want a President who isn't going to spend 8 years fucking my country over. Is that too much to ask for?

In all honesty, yes.