On 25/01/2010 9:10 PM, nom=de=plume wrote:
wrote in message
...
On 25/01/2010 5:53 PM, bpuharic wrote:
andrew sullivan drops the big one on the 'enraged' independent right
wingers:

http://andrewsullivan.theatlantic.co...g-babyism.html

What you have here is big babyism. After the worst downturn in memory,
bequeathed a massive and growing debt, two failing wars, a financial
sector threatening to bring down the entire economy, Obama has
betrayed this person by preventing a Second Great Depression.

We will hear more of these non-sequiturs; the 24-hour news cycle
prevents any memory past the last six months; the easy, lazy meme of
Obama-the-lefty will be pressed home by FNC/RNC and the MSM will grab
onto it because it's a narrative they can understand and that helps
insulate them from charges of bias. That none of this has any direct
relationship with economic and political reality is barely relevant.

Lets look at what would happen if history was different and Obama said NO
to bailouts, let them die and simply stole a hybrid page from Reagan with
a slash in government spending added in to cut taxes. Maybe leave the
average American worker with an extra $3000/year, $250 mo.

Take the banks, just ake them over and liqudate tossing the fraud bankers
out cold on the street, no severence, nada. Share holders, bond holders,
everyone but average depositors get to walk away. Guarantee only the FDIC
insured say to $300,000. The cost of this would be small, a few hundred
billion tops.

GM, Chrylser, let them collapse. Most ended up unemployed but with the
$100+ billion saved, extened declining unemplyment benefits could last
decades with that kind of cash while people look for productive employers,
and most GMers are unemployed anyway. Wagoner, let him take only his
shirts and a SEC SOX warrant...to jail.

Ford would even do better, picking up plants, equipment and market share.
Fewer Ford people would be let go as Ford could easily absorb the market
and propser even more to become very stable. Even buy more parts from
suppliers.

Old GM could be bought, fire all the crud and recover quite a bit of cash
from brands, rights and even divion sell offs.

All told, instead of $2 trillion more debt, perhaps $200 billion.

Business wouldl then be smarter as not to let a company like GM operate in
fraud so long, not extend the credit to a reclassly criminal level like
GM. Carlyle and Cerberus would have to suck in the loses for Osama Bin
laden's brother, Gates, and other ubber-filthy rich. Not really impacting
main stream America too mucha t all as Toyota, Ford, Honda are all hiring
and not firing. Good peole get jobs, GM losers pulled to hard on GM blood
sucking get the lessons.

Government cuts in spending, say $800 billion, put a $600 billion surplus,
to give back to the workers. Aim right in the middle class, not negro
middle class, American middle class, and take less taxes immediately.

Now each American, working Americans that is, has an extra $400 month for
spending, should juice the economy real quick right out aof a resession
into vibrant economy. Even government tax revenues go up as economic GDP
goes up big time.

Noww for banks and debt welchers. Make it illegal to loan money to
welchers for 15 years. Banks cannot leverage loans to past delinquent
debtors, period. Baks must pay savings rates of no less than 1/2 point
below loan rates. Encourage savings. Also slowly remove morgage
deductability as it encourages debt. 100% deductable at 20 years of age,
0 deducable at 50. At 45 only 1/2 is deducatable. This will reduce debt
float taking pressure off of too much dambed debt.

Take on civic and state debt, US governmetn will take in on at 1% interest
BUT the debtor civic or state must NEVER borrow to increase debt again.
Further, 10% of their gross revenues go to pay the debt down each year.
If the state or civic runs out of money before december 31st, they shut
down or the milliary moves in and fires the whole government with cause no
severance).

This will **** off debt mongering liberals, but this cheap debt and easy
money types f--ked us and it is time for some serious restrictions on the
stupidity and selfish liberal debtor greed.

And by now, we would be well out of the recession except for some whining
liberal defunct debtors.

I see tonigh Obama now wants more trillions to debt spend, going to tray
Reagan for the poor. LMAO. Did he finally read some K-6 history? But
probalby too little too late as with a $2 trillion burned up, and $1.9
trillion more deficit-debt spend to come, government debt might be now
just too big to ever pay it off.

You're just stupid. You're quoting numbers that are totally made up. The
only explanation is lack of intellectual capital.

Sure beats Obama, Obama bet the farm ($2 trillion and wants $1.9T more)
and it isn't working.