Obama and Geithner eat kittens and dance with Satan under the light of a full moon.

[ColesCountyDem]

Is that the gist of it, or am I missing the more subtle criticisms here in GDP?

:P :+

[BlooInBloo]

1. That's about the sum of it, in the ihateobama forum.

[ColesCountyDem]

2. I'd also heard the rumor that they're both bibliophiles.

'Unnamed sources', of course...

[Prophet 451]

52. Not only that...

...but they've been known to go to restaurents and shamelessly masticate in front of other diners, offer hairdressers money to cut their public hair and they're even been known to consort with thespians!!!

[ColesCountyDem]

57. Say it ain't so!

;)

[billyoc]

3. I applaud their use of natural light.

[ColesCountyDem]

4. It's certainly 'green' at the very least.

:P

[lamp_shade]

5. It's really just a handful of disgruntled people who have taken "hold his/their feet

to the fire" to a whole new level. They're not true supporters, but they sure do like to post here... you'll find a whole lot of threads.

[acmavm]

6. Of course, the Bots start another thread with the main thought being

that if you don't get in line like the good little Freepers do, then you're not patriotic or a good citizen. Don't be logical, don't call this administration on their fuck ups and corruption, just go along for the ride.

You didn't elect this guy by yourselves. Quit acting like you now own the rights to do all the speaking for everyone.

[lamp_shade]

8. The "bots"? The "little freepers"? You just proved my point.

[acmavm]

10. You're damn right I did. You people think you have the corner on

insults, telling people how unpatriotic and what horrible human beings they are because they don't agree with every thing this administration does. You don't like it when you get it back, do you?

[lamp_shade]

11. Again? "You people"? Tsk.

[acmavm]

12. No, more like 'if the shoe fits'.

[CTLawGuy]

16. "corporate sellouts"

"no different than Bush", "beholden to wall street"

Stuff like this isn't "criticism", these are baseless insults. I have no problem with disagreements on policy, but I see things like the above WAY too often.

[lamp_shade]

18. Yep... These are the "disgruntleds" to whom I refer.

[acmavm]

19. So, what do you think we're seeing? Just shit accusing anyone

who disagrees with this whole-sale give away to corporate American (with the full help and blessing of the Obama Administration) as trying to 'destroy' this government, as being nothing more than trolls and freeps.

I notice you people sure a shit don't like getting a dose of your own crap, do you?

[CTLawGuy]

51. I don't see how unfreezing the credit markets

so people can borrow again is a "corporate giveaway."

The banks aren't going to be making a profit on these unmarketable assets. The government is buying them (or facilitating the buying of them) so that the banks actually have money it can lend to regular people like us.

[treestar]

31. Obama bots never say that you're not patriotic or a good citizen

That's what freepers say. But not Obamabots. They may defend Obama, but that's all they do.

[MercutioATC]

7. No, but there's a school of thought that says they're making a very bad situation even worse.

The handling of the economy by both this administration and the last has been bumbling at best, criminally collaborative at worst.

If we continue down this path, we're completely screwed...we may already be past the point of no return.

[SkyDaddy7]

14. Those schools of thought have absolutely no responsibility...

I am so sick of the economist that fire off how Obama & his admin are making the economy worse...I am no economist and I can clearly see their plan is not the same as Bush Co. Some want total nationalization and others want complete collapse of our whole economy so yeah there are many schools of thought who say Obama is wrong. The fact of the matter is he is the one who will shoulder the blame if he is, not these armchair quarterback economist. Just a thought?

Plus, last night I thought went rather well until I hear the pundits on almost every channel talk about it...You would have thought President Obama forgot his name the way they described it. It appears the media has got in-line with FOX News again because Obama is talking straight to the people and not through the press as they demand. Got to love US Politics!

[MercutioATC]

27. Obama may shoulder the blame, but WE'LL pay the price.

No, Obama's plan is not the Bush plan. Obama has found inventive new ways to screw things up.

Obama's plan may be more ambitious and farther-reaching, but it still won't work in the long term...because it's still just throwing money at symptoms.

[ColesCountyDem]

21. There's also a school of thought that says the Earth is flat, too.

It doesn't mean we need to pay attention to them, however...

[MercutioATC]

26. Nothing I've ever learned or witnessed suggests to me that this plan will work.

Sure, it'll provide some short-term artificial support but in doing so it's causing huge amounts of long-term damage.

It's this same "instant-gratification regardless of long-term effects" mindset that got us here in the first place.

[treestar]

33. Economics is hard to understand - how did you end up

understanding it so well without becoming President?

If Obama thinks that this will work there's a good chance it will, but that you think it won't isn't really impressive.

It is highly psychological and people need confidence in the recovery as part of what makes it work. Obama at least tries to give it out. Those in these schools of thought, not so much.

Even if Obama thinks some other way ideal, it doesn't matter if there isn't Congressional support for it. He is not the Emperor or Decidier, just the President (and one who respects that limits of that role).

[ColesCountyDem]

36. Actually, all but the most RW economists think it will or MAY work.

All but the most Friedman-esque, free booting, 'free market' economists think it will or might work; the ones who aren't sure if it will work generally think so because they believe that the stimulus isn't large enough.

[Fire1]

48. It'll work alright until the next fuck up gets in office.

[freemarketer6]

29. Excellent, Mercutio. I think if Obama fired Geithner and maybe

Summers, then backed off his budget, keeping Healthcare soley, then waiting on the other stuff, he would be in better shape. I won't mention polls as it accusatory responses, but I have a pretty good idea where things will be around June. I think Bernakes suggestion of buying T-Bills may be a Custers Last Stand. Anyway, good post. Beware of what comes next from Polish Dog.

[Hansel]

47. And there is a school of thought that they are making a bad situation better.

The handling of the economy by the last administration was bumbling at best and criminally collaborative at worst. There is not enough evidence to say the same about the current administration.

It is a little hyperbolic to insinuate in any way that the Obama administration is being criminal in the way it is dealing with the economic mess Bush left us with. I personally like the plan and see a lot of upside to it. However, I look at it in the big picture of everything else he is doing and how all of these things working together will improve the economy--unlike some of the economists I keep seeing quoted on this board. There is a bigger picture that they have chosen to ignore to come to the utter doom and gloom conclusions they have arrived at.

Yes, some of these assets will be toxic and we will lose on them. But not all of them are and the potential for the whole thing to come out to be a draw or a less than astronomical cost to the taxpayer is very real. But it requires getting the entire economy working again and yes, it requires people with money to buy them. That's the breaks.

Also, keep in mind that only a small handful of people who work in the financial world are criminals. And it mean it when I say "criminals". However, most of them are good people who are just as upset about what they see going on as you are as far as the greed goes. The stereo-type of the people who work for financial institutions is vastly overblown and a little juvenile on this board. There are bad people in every occupation. It's just, unfortunately in this one, that the bad had a huge devastating impact on our country.

This is just my opinion and my feelings on the matter.

[jeff30997]

9. "eat kittens and dance with Satan under the light of a full moon."

Hey stop trying to minimize their evil! They eat babies,not kittens!1!! :) :sarcasm:

[ColesCountyDem]

24. No, no, no! *Republicans* eat babies. Democrats consume non-human mammals.

:P

[GeorgeGist]

13. They believe that greed ...

deserves to fed.

[ColesCountyDem]

23. No, they don't. They do, however, understand Econ 101.

Neither Obama nor Geithner created this unholy mess, but they're determined to fix it. Sadly, we don't have the luxury of micro-rewarding or -punishing each and every individual, institution or transaction that caused us to be where we are today-- we have to FIX IT, and that is and will continue to be a very different pursuit.

[brentspeak]

32. Well, if you feel that badly about it...

...sign your paychecks out to Goldman Sachs, Citibank, or the hedge fund of your choice. That's essentially what Obama's Wall St. plans amounts to. Just a continuation of Bush's policies.

[ColesCountyDem]

37. That's not 'essentially' Obama's and Geithner's plan at all.

Their plan is multi-part: the first part is injecting capital into the banking system to keep it from collapsing; the second part will be setting up some sort of FDIC/FSLIC-like agency to separate 'sheep' from 'goats' in a receiveship setting and liquidating the 'goats' in an orderly fashion.

[brentspeak]

38. What do you call this?

http://www.telegraph.co.uk/finance/comment/damianreece/5040053/Obama-and-Geithner-gambling-with-their-countrys-financial-reputations.html">Obama and Geithner's Public Private Investment Program

[ColesCountyDem]

41. I call it an opinion piece by a rather conservative British *journalist*.

Tell me I'm wrong.

[brentspeak]

44. You're wrong

because you mis-characterized Obama and Geithner's plan as "injecting capital into the banking system to keep it from collapsing." That is not the "plan" at all. The capital which was supposed to keep the banking system from collapsing was the $700 billion authorized by Congress last fall. The Public Private Investment Program is a whole other $1-2 trillion dollars, and it doesn't involve "injecting capital" into the banking system; it involves giving private investors huge amounts of cash to gamble with -- with the taxpayer 100% liable for any bad bets.

[ColesCountyDem]

45. So, where does the capital wind up, ultimately?

In the banking system, making me right.

[brentspeak]

46. Making you wrong

The goal of the plan isn't to inject funds into the banking system, but to allow banks to get rid of toxic assets. I suggest to read up on these things before posting.

[ColesCountyDem]

53. I can't believe you actually posted that economic nonsense.

What, exactly, do you think will be accomplished when the plan 'allow (s ) banks to get rid of toxic assets' ? It will return the ledger sheet back into the black, re-capitalizing the institutions!

It's Econ 101, so forget the label they put on it; look at what it DOES!

:eyes:

[brentspeak]

54. Where in "Econ 101" does it say this?

And as I said earlier - sign your weekly paycheck over to the CEO of Goldman Sachs. He really needs the money...

[ColesCountyDem]

56. It's the practical, *functional* effect of the money.

That's where it says it in Econ 101.

:eyes:

[SlingBlade]

15. Yep, Bunch of fucking assholes

[AllentownJake]

17. Dear God

This is about policy. You can disagree with the President on a policy and still like the guy. Geithner doesn't eat kittens he eats puppies...puppies from mills.

[ColesCountyDem]

22. Puppies? Cute, fuzzy, huggable PUPPIES?!?!?!?

Has the man no decency whatsoever?

:P

[WCGreen]

20. I Nown'd it....

Gull Dern Elitists Teleprompter readin' fuzzy nuts...

[PVnRT]

25. Funny how people like you have nothing but strawman arguments

[SunsetDreams]

28. Funny how people like you have nothing to say in a thread...but

snarky nonsense, which does nothing but prove you know how to use the keyboard.

[ColesCountyDem]

30. Kick for the evening crowd. n/t

[azmouse]

34. It's an interesting thread to be sure.

I love how the 'ihateobama' crowd just has to take every oportunity to show how put upon they are... poor dears.

[ColesCountyDem]

35. We Dems tend to have 'circular firing squad' as our default setting.

It's the one consistent weakness AND strength we have. By that, I mean that we at least have the capacity for introspection and can entertain the possibility that we might be wrong, unlike the Repubs.

[Froward69]

39. I thought he ate

BABIES and had sex with the kittens... pimping puppies and selling crack to kindergartners.

on edit/ or so I am told by the gaggle of posters in GDP.

[ColesCountyDem]

43. They only do that to celebrate holidays. n/t

[Kaleva]

40. IF I HAD KNOWN THIS, I WOULDN'T HAVE VOTED FOR HIM!!!

[Jennicut]

42. Ha ha! Hypocrisy is everywhere.

Great oh exhalted ones deserve no criticism...or do they? Perhaps one can disagree with an economist or President and still like/respect them? Too much nuance or are we Rethugs? Really, some people make me laugh, hard.

[Jeff In Milwaukee]

49. They eat kittens at the Olive Garden

Kitty Tortelini

[The Doctor.]

50. LIVE kittens...

right in front of small children while they shriek in terror...

[PurityOfEssence]

55. Okay, okay, I'm starting to get swayed here...

...but I've still got a lot of problems with 'em, especially the second one, that Butt-Head lookin' guy...

[leftofthedial]

58. At last!

A reason to support Obama!