On 28/03/2010 5:44 PM, bpuharic wrote:
On Sun, 28 Mar 2010 17:21:12 -0600,
wrote:

On 28/03/2010 5:06 PM, jps wrote:
On Sun, 28 Mar 2010 16:32:58 -0600,


You mean the one designed, constructed and executed by GW Bush?

Yep, the one where democrat congress/senate directed the US treasury to
create TARP and bailout the banks.

well, no. wall street has the economy gamed so we HAVE to bail them
out. it's called 'moral hazard theory' and is standard economics

you right wingers are just too stupid to know basic economics

And when it came down to other uses,
and Obama president elect had Bush take the heat for using it for GM&
Chrysler until Obama got in office to use it.

Yep, you got the one. And not one democrat said misappropriation of
TARP for GM& Chrysler. And ever since, as history will write it, the
Obama debt spend years. As this bailout-corruption is 100% supported by
democriters.

and your solution is?

oh. a financial meltdown with 25% middle class unemployment

just as long as the rich are protected


My recomendation is the same as it would be for gangrene. Chop the dead
parts off so the host survives and hopefully recovers. But by allowing
it to grow and consume more of the hosts resources, death would
otherwise occur.

This is a similar situation. Far too many resources going to the
symptoms and not enough to the cause. A death spiral.

One way or another this insane debt-spend-debt-spend cycle will end and
not a damned thing the mesiah Obama is going to do about it.

You might want to think about the next recession, I thinks we are into a
back to back recession. Numbers for new forclosures are up big time
already this year. And if interest rates don't go up you might find the
greenback becomes toilet paper.

Tough times ahead for debtors.
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Politicians don't provide anything, the tax payers do.