In the fall of 2008 as the economy tumbled precipitously under President George
W. Bush's watch, Congress authorized the Treasury Department to spend $700
billion in a financial rescue plan called the Troubled Asset Relief Program.
(TARP's spending cap shrank this summer to $475 billion as a result of financial
reform.) TARP's largest programs included capital injections into banks, loans
to the auto industry, direct support to AIG and the government's foreclosure
relief efforts, mainly the mortgage modification program. Shortly after TARP,
Congress passed a separate housing bill that authorized the rescue of the
quasi-governmental housing giants Fannie Mae and Freddie Mac.The
Treasury has doled out more than $548 billion. Almost half of that -- $238
billion -- has been repaid to the government via interest, dividends, fees or
repurchased stock warrants.Further more, the government did not
'take over 1/6 of the economy with Health Care'. We got no public option.
Nada. Insurance companies remain our go-to.
patriot | 11:11 a.m. Nov. 5, 2010 Cedar Hills, UTIt seems to
me Obama is being asked to go to a place he has never been - the middle. Always
a far left radical,Obama has no idea where the middle is and no one around him
to show him the way.==============And by
'middle' you mean 'right', which you think is representative of where all
Americans are. But guess what? That's just not reality.What IS
reality, is that Obama needs to move back towards the left, and stop trying to
appease the hard right at every turn. This is why we have weak health care
reform and a weak stimulus. Calls for the President to 'compromise
or else' are frightfully hypocritical.
*** "96 months (8yrs) for America to get into this mess. Less than 24 months
before people claim Obama isn't listening." ***I make no defense of
Republicans, who, along with Democrats, helped cause this mess. But if you gotta
problem with the Democrats getting thrown out after 2 years (4 years, actually -
they won cntrol of Congress in '06) then take it to James Madison, George
Washington, et al. They're the ones who provisioned for biannual House
elections.Two years is plenty of time for the Democrats to prove
they aren't up to the task.
I don't think obama failed to listen. He failed to believe. He failed to believe
we could demand what we demand, consequence free. Yet we do, and we've shown
Obama this. He's gonna get the door. My take on it is this: Pony up. Fix it. I
want to see a republican or tea party president or whatever it is we apparently
want in two years. If obama's policies are arrogant and stupid, show me humble
and smart. Cough, please.
Great article. We should always remember that most autocrats like Obama aren't
capable of listening to any opinion other than their own. This guy is so over
the top he truly believes that he is smarter than every one else in the country,
Lord Obama knows best and if all of us fools were only smart enough to get it we
would go along. The arrogance and hubris of this man knows no boundaries. His
policies are so stupid, ill-conceived, and radical it is amazing that anyone
thinks he has any brains at all.
Re: KM "...to have you say that socialism is comming is just naive." I am a
socialist and I know more about it than you'll ever know. Liberals are not
socialists. Liberalism has done some good things, but it is ineffective in
dealing with capitalism's final crisis, which in case you haven't noticed, it is
To "Pagan | 1:13 p.m." once again you are wrong. You seem to have forgotten the
Bush's medicare drug program. That was an expansion of the Federal Government's
oversight of the healthcare industry.Bush's goals for healthcare
during his term included:"Refundable health care tax credits to
cover millions of uninsured Americans;The promotion of the recently
enacted Health Savings Accounts;An expansion of traditional public
programs- S-CHIP and Medicaid-to cover uninsured children;An
expansion of federally funded community health centers and clinics;Major changes to the health insurance markets through the establishment of
broader association health plans, state-based health insurance pools, and
interstate competition among health insurance plans; andTax
deductions and tax exemptions to enhance long-term care and to cope with a
rapidly aging population." (taken from "An Examination of the Bush Health Care
Agenda" at the Heritage Foundation)I don't know about you, but
Bush's plans sound a lot like what went into Obamacare. Bush wanted state
insurance pools, and expansion of entitlements.Do you want to try
again to find something where Bush and Obama are different?
To cjb:"What Obama has accomplished is for the benefit of all Americans."
And all Americans, including our grandchildren, will be paying for this
"accomplishment". Thanks but no thanks.The health care package that
included mandatory coverage and the Louisiana purchase is not the kind of
improvement I want from my government.
re:PaganThe years 2002-2007 were pretty darn good - unemployment
below 6% , new construction everywhere, jobs plentiful ... and all of this after
the horror of 9/11. Things really started to change after your democrat's took
over in 2007 (both houses of congress). Barney Frank and Chris Dodd fell asleep
at the wheel overseeing the banking committee and democrats put pressure for
"easy loans" which did indeed boost home owner ship but pushed us toward the
edge of the financial cliff as well. Bush was also fast asleep during this time
period but please don't even try to paint all of the Bush years as bad ... they
weren't. Remember, Bush was re-elected BECAUSE he and his policies were still
popular. OBama on the other hand has managed to single handidly destroy his
party in just 24 months time... losing 64 seats in the House and 11
governorships. Obama has been historic only in the destruction he has brought
upon his own party!!
Workingclass"only this time socialists will emerge." What? Haven't you
been paying attention to the people and groups that have risen to the most
influention positions in our country. Obama and his ilk make the word socialism
sound too soft. When the government takes over industries like, banks,
Automakers, and 1/6 of the economy with healthcare, to have you say that
socialism is comming is just naive.cjb"economy is on the way up?"
You gottanother thing comming, brother. We are being set up for the ultimate
fall. Wait just a little longer for all the funny money policies to take
effect. Cloward - Piven anyone?
'As for Obama, name something that he has done that Bush didn't. Smarter people
than you have tried to answer that....' - RedShirt | 12:19 p.m. So glad Redshirt dosen't lower himself to insults in this thread.
But I guess making assumptions about a persons inteligence isn't 'offensive,
off-topic or misrepresentative.' But to answer your question:
Healthcare. I realize you will criticize having healthcare
for Americans, and you will, however, trying to distract from the topic does not
negate that Bush failed to do this for Americans. Next?
To "Pagan | 11:43 a.m." once again you are wrong. It has been 97 years in the
making.Lets have a trip down History Lane.First, you
have the creation of the Federal Reserve Bank in 1913. The bank was established
with the mandate to prevent all future recessions. I don't think it has stopped
one yet, delay yes.Next, you have the creation of Fannie Mae in the
1930's, and the government backed home lending companies that followed. This
lead to lowering lending standards, and more risky loans.Move along
to the 1960's. The Feds had a great idea to let banks securitize loans. That
turned out well didn't it.1979 gave us the CRA and even lower
lending standards for mortgages. This was amplified by Clinton and lawyers
until 2008.Next, from 2000 to 2008 Republicans wanted to put more
oversight and control on Freddie and Fannie. They listened to the Democrats,
and did nothing.As for Obama, name something that he has done
that Bush didn't. Smarter people than you have tried to answer that, but it
turns out that Obama=Bush.
@cjb"As a result of what he has accomplished health in the future America
won't be just for those who can afford it. The American dream of decent health
care for all is about to become reality."I wouldn't bet on it.
You're going to see numerous health care providers that either decide to close
their doors to new patients, or simply decide to close their doors altogether
because they'll be forced to provider services at a government regulated or no
cost. And since the remaining providers will have to absorb all those patients
whose provider is no longer around, and those who previously weren't able to see
a provider, what do you think will happen to wait times? How does that improve
the quality of care for people?
96 months (8yrs) for America to get into this mess. Less than 24
months before people claim Obama isn't listening. I don't
think this has to do with our leadership not listening (although there is that),
but rather... I think this is more about unrealistic expectations of
the voters and the lies of people out of power.
"Here's a narrative: You can't sell people what they don't want, no matter how
mellifluous your pitch. This is the clear message of the midterm elections, and
who didn't know? "This statement pretty much sums up the mid-term
election results. Obama - somehow - still doesn't get the message. Go figure.
Even yesterday Obama still thinks his policies are correct and refuses to even
entertain the idea that he and his ideology are on the wrong track with America.
Until Obama can "see" the light there is no hope for the man. Until Obama stops
lecturing and starts "listening" he will always be at odds with the American
people. It seems to me Obama is being asked to goto a place he has never been -
the middle. Always a far left radical,Obama has no idea where the middle is and
no one around him to show him the way. For Clinton, the middle was across the
street. For Obama, the middle is on the other side of the world!!
Sorry, Kathleen, but to a great extent it is about people who fear people who
don't look like themselves. I know this because I hear it constantly in my
neighborhood. My neighbors are scared of the scary black man, no matter how much
you protest they aren't.
Even if Obama turns out to be a one term president, which isn't all that certain
as the economy is now on its way up, he will have been a successful president to
those who put him into office.As a result of what he has
accomplished health in the future America won't be just for those who can afford
it. The American dream of decent health care for all is about to become
reality.As a nation we can afford corporate executives who run
companies into the ground and still pay them tens of millions to walk away. Any
nation that can afford this can afford to see to it that all its citizens get
decent health care.Given that we are all at risk of losing our jobs,
and being able to get only a job that doesn't offer health insurance, none of us
should feel that President Obama's accomplishment is only for "the other guy"
and not for themself. What Obama has accomplished is for the benefit of all
Thoughtful editorial. This whole affair with obama's presidency failing due to
racism, reminds me of when I worked at a large tech company who appointed its
first female ceo. The company got a lot of press for being progressive. there
was fanfare. Everyone wanted to meet and associate with her. Then they
discovered they'd given the company over to a doublespeaking, machiavellian,
tyrant that had no clue how to run a company, let alone one so highly technical.
At first everyone was afraid to say that they didn't understand her, or think
that her plans were viable, because she was a the company's first female ceo,
and so it probably required some getting used to... then after the layoffs, and
the mergers and the games, people really started to resent her. Eventually,
after the company was gutted of its reserves, most of its core competencies had
been outsourced and employee morale was better on the Titanic, this first female
ceo was shown the door--not because she was a woman or the employees were
sexist, but inspite of it. Had she NOT been a woman, the company could've
recovered quicker. The fanfare backfired.
Communist Party USA has had nationalized health care on their platform for a
full century. You couldn't expect their sympathizers to turn back after getting
this close to it, no matter what the polls were saying. Obama is willing to be
a one-term president, if that's what it takes to create his socialist utopia.The American people are going to have to get control of their
government, or Obamacare will stay on the books.Repeal and replace.
This from the Washington Post, the election has accomplished something and in
the Democrats bought and paid for home town paper.
"...the midterm bloodbath was a fight over capitalism." Yep - that's true. And
if the newly empowered Republicans get their way and throttle federal spending
(as well as renouncing federal debt as is the intent of Senator Demint) it will
generate a double dip recession which will make our current problems tame. The
2012 election will also be about capitalism, only this time socialists will
emerge - real ones, not Demos or liberals. And the socialists will be credible
and loaded for bear. What a war it is going to be!