Summing It Up

Whatever the hell "it" is.

I read a report on Geithner's statement. My sense of that was, he doesn't know, so he's going to fumble around with however many trillions of dollars and hope to figure it out. But then to be fair, that's about the best Bush's people did, too.

Our new President is not getting rave reviews from anyone. Gee, I wonder why the market tanked early today? Oh and it looks curiously like he can't be trusted not to take advantage of every opportunity to move a Leftist political agenda forward, either.

You might try and decipher this advice if you're financially inclined.

WSJ - stimulus bill a return to welfare as we knew it - roll back of Clinton reforms.

And old people will be left for dead at the far end of health care reform also said to be tucked into the scamulus bill.

Hey, it isn't "their" fault, none of the morons probably even read it before they voted for it, especially the three snakes in the bi-partisan grass.

A round up of the empty suit who would be king's less than stellar results so far.

But it's only three weeks and our enemies abroad haven't even really begun to take advantage of his naivete.

We have so much more to look forward to over the next four years. Grab your hat and hang on. America always gets the government it deserves.

Sad to say.

Comments

[SpaceCat]

Ha ha ha - bitter much?
I thought Obama was just another scheming pol, fooling all the wide-eyed, Kool Aid-drinking moonbats into believing his phony kumbayas about "change" and "hope." Now he's an empty suit who puts America at risk because of his naivete? Which one is it?
Whatever the case, sure sounds like he's got your number along with the rest of the 31 Percenters.
LULZ.

[Dan Riehl]

Silly SpaceCat - we'll be okay. We have the guns. You liberals, on the other hand, jes roadkill, as befits your name.

[JustOneMan]

'try things we've never tried before'...Geithner

What like pay your taxes and put together a plan that actually works, unlike what happened with your TARP I Plan?

[mark l.]

justed finished watching harry reid-he think he is still in the minority. it' like watching an oboe that can only play one note...

segueing to obama giving a speech to people about jobs. The audience? elderly retired dems and a smattering of unemployed who would rather see obama speak, then look for work.

neither has a clue on how to run the country. we are f***ing doomed.

[mark l.]

"sure sounds like he's got your number along with the rest of the 31 Percenters"

not be confused with the 37%ers who support the stimulus package.
nor the 43%ers who oppose the package.

"These latest survey results are very similar to a recent Gallup survey which found that only 38% now support the recovery plan. The Gallup survey found that another 37% wanted major changes made to the legislation, and 17% said that it should be rejected entirely."

"62% Want Stimulus Plan to Have More Tax Cuts, Less Spending"

http://www.rasmussenreports.com/public_content/business/economic_stimulus_package/support_for_stimulus_package_falls_to_37

spacecat-the danger mode you are in provides growing support for those 31%ers.

if you live by the polls, you should be aware that you will die by the polls.

[anon]

Yeah, we are doomed.

I just don't think this stimulus plan is going to work, it remains to be seen if enough fake/pretend statistics and false news stories can be generated to make it seem like it worked by the time the 2010 election rolls around.

People have simply lost their minds. It makes no sense whatsoever that food stamps and welfare benefits are going to stimulate the economy in any kind of real and meaningful way. I see very little in this package that is going to do anything but put a few dollars in the hands of those already on the dole and shore up the bankrupt states and maybe grease the hands of a few contractors. I see a little bit in the package that could generate some benefits in 5-10 years...but that isn't what the package says it is going to do....

Wow, if I ever wanted yet another example of how stupid this country has gotten, it is that this POS bill is the very best we can come up with when literally the future of the nation is at stake.

This must be what it felt like to live through the sack of Rome...everyone knew in their hearts that a huge line had been crossed and things would never be the same, even though daily lives would continue and the repercussions wouldn't be fully felt for quite some time.

[mark l.]

there are two banking sysyems in place...

big banking- which made absurd risks and is now relatively insolvent.
small banks-which made prudent decisions based upon accurate risk assessment.

the current proposal is to fortify the most inept, large banks-giving them another roll of quarters for the slot machines.

a better proposal would be to establish a network of smaller banks, capable of making prudent decisions, and giving them access to the bailout money, increasing the capital.

There a thousands of small, successful banks, limited only by their capital resources. Rather than bailing out the worst decion makers, the govt should be focusing on increaing the strengths of the prudent, local banks.

Would you invest your country's assets in proven losers or proven winners?

let the large banks die.

[mark l.]

if giving the bailout money to the small banks were to proceed, the individual banks would begin looking at the assets of the larger banks, buying up the 'quality' debt, and leaving the crap behind.

once the filtration occurs, the remainder would likely be substantially smaller, and represent the exculsively toxic assets. AT THAT POINT, one could create a 'bad bank' with a far smaller allocation from the federal govt.

[Mark Turner]

Obama reminds me a a more virulent rendition of Bill Clinton in his first two years. The only thing that stopped him was the GOP winning control over congress in 1994. Obama takes a hard left (widely expected by most, whether they voted for him or not), elicits some token GOP support while arrogantly pushing his own agenda, downplays voter backlash then acts shocked when it bites him (which it certainly will in 2010 if he continues on this path).

I am highly skeptical of these "approval rating" polls which state 60+% approval for a president that had only 52-53% of the popular vote. Generally, ratings of 60%+ over longer terms indicate strong leadership and strong bipartisan support. In Obama's case at present, he has not demonstrated such leadership and he certainly doesn't have broad support from the people who did not vote for him.

In my personal opinion, I'd be more inclined to view him favorably if he would stop blaming Bush and the GOP for everything that is wrong with the economy, and acknowledged his own party's major contribution to the mess we are in (subprime lending was championed by Democrats, and has existed in one form or another since Carter).

[mark l.]

"I am highly skeptical of these "approval rating" polls which state 60+% approval for a president that had only 52-53% of the popular vote."

you want an outlier?

pew, rassmussen, gallup, cbs have obama between 64-62.

cnn has him a 76%. Even funnier is the fact that cnn used the same group to determine the stimulus plan's popularity. Note to cnn: your poll isn't doing any favors for obama. At best, he'd dismiss it as incorrect, at worst, he'd actually make policy decisions from it.

I'm not skeptical about the 60%+ now, but I am skeptical he will be able to hold it up for long.