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Re: Read My Lips ........

Subject: Re: Read My Lips ........
by CentralCoaster on 2010/8/1 7:42:29

Quote:

BeachBum wrote:

- With the tax dollars to banks.... Didn't they pay it back or paying it back as we speak ? What would have been the repercussions if the feds let those banks go out of business ? Worse or better ? (I do not know myself)

- With the GM and Chrysler, thats a difficult one.... you can't let them go out of business, they are the backbone of sooooooo much infrastructure in this country. In my opinion, If they go away, this hurts our country severely long term....but thats subjective I guess. But, are they paying back the money or not ? I do not know...



Too big to fail is bullshit. They earned their failure. Where they fail, others will meet the demand. The government is too busy trying to inflate the next bubble to understand why the last one popped.

Quote:
- With the clunker program, that was an experiment.... rather it worked or not depends on who you are, it did get people buying cars, but the expense was probably way too much. But, I do not hate the government for doing that.... they were at least trying something to get it going. Was it the right thing ? Probably not, but I personally do not think it was that big of a deal.... live and learn.


Sometimes no action is better than the wrong action. The end result was that taxdollars to the tune of approx $24K per car went towards bribing others to get new cars. If the point of all this was to save the whales, they wouldn't have destroyed assets (crushing old cars), and they would've allowed customers to buy used, efficient cars. But nope, the point was to temporarily boost new car sales. I wouldn't have been as annoyed if they didn't lie about their intentions. And yes they only paid $3-4K per customer, but many of those customers would've bought anyways. So they paid effectively $24K of your taxdollars to bribe future buyers. Then auto sales took a huge shit afterwards, so the net gain was nothing but a lot of wasted money and inflation.

Quote:
- With the funding of the wars.... what can he do ? Trapped in them for the most part. You can't walk away, the expensive antique was broken when you walked into the store and broke it.... you gotta fix it before you leave. But, I agree, it would be nice if we could somehow get out of them cleanly. We never should have broke those countries in the first place..... I got no problem with going after Al Quaida (or whatever they're called)....but, to take apart, and then subsequently having to rebuild both of these countries at a cost of trillion plus was never mentioned when we were sold ofn the plan in the first place.... in fact, I think it was supposed to be a money maker.


Our nation-building resume isn't so great. Just leave. There is no dignity in fighting our way out of it, any more than just tucking our tails between our legs. "So sorry, we didn't bargain for this, you're on your own pals." Let the fucking UN take care of it, I really don't care.

Quote:

I agree the country is spending too much, serious cuts need to be made short and long term..... however, I will say, my taxes have not gone up, so at this point, nobody is making me pay for anything..... we'll see I guess.


Well, you still have a job. For many, that's not the case. I guess you could even say they are paying less taxes. I'm sure they're delighted about that.

Quote:

But, at the end of the day, in my opinion, I do not see any reason to hate Obama based upon the above.... tough decisions to make, some good and some probably very bad in a economic situation unseen in modern times..... there is no manual to read and follow when your advisers walk into your room all at the same time and tell you the economy is collapsing, the banks are busted, the automotive companies are going out of business, unemployment is shooting through the roof, the housing bubble exploded, the dollar is plunging and we are broke....and oh yeah, you got two wars going very poorly, and they need money too.......and this was the 2nd day at work.

No easy answers.


No balls either. The president's job isn't to know everything, it's to know what he doesn't know, and to find the right help. And the things that he did promise, he's failed on. For godssake, he's still campaigning.
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