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| The Barack Obama Presidency | |
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| Topic Started: Jan 17 2009, 07:04 PM (561 Views) | |
| packmule | Mar 15 2009, 09:43 AM Post #46 |
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Those straits you refer to, Crow, are also caused by the continuing greed of American corporations and those in the upper management ranks who grant bonuses to employees despite the fact the same company is in financial distress. Example: AIG, which just received $170 billion in taxpayer funded bailout money. Despite this company's financial struggles it will grant tens of millions of dollars to various employees, something AIG has told Treasury Secretary and Obama puppet Timothy Geithner it's contractually obligated to do: http://www.ajc.com/business/content/shared-gen/ap/Finance_General/AIG_Bonuses.html?cxntlid=homepage_tab_newstab I've said it once and I'll say it again: Washington(DC) politics and corporate greed, combined with the corruption and ineptitude of state and local governments, is slowly causing the total, and IMO irreversible ruination of the United States Of America. |
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| crowmagnumman | Mar 15 2009, 02:11 PM Post #47 |
Monsterland Grand Master
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And it's been building for a long time too. There are those that accurately predicted this eventual economic meltdown, but nobody in Washington listened to them. I'm not into spreading the wealth, but we've been on a bad system for a while that's really imbalanced things. Time to return to the gold standard or something. Inflation is getting ridiculous. And time to get rid of the Federal Reserve. They have too much power. |
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http://www.youtube.com/crowmagnumman http://www.myspace.com/docostrow | |
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| packmule | Mar 16 2009, 01:44 AM Post #48 |
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Here's another revelation about AIG and from the company itself: http://news.yahoo.com/s/ap/20090316/ap_on_re_us/aig_bailout It sounds to me like those tasked with leading AIG are buffoons. 
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| packmule | Mar 16 2009, 04:33 PM Post #49 |
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President Barack Obama will try to block the bonuses totaling $165 million earmarked by AIG to many of its upper level managers: http://www.ajc.com/news/content/shared-gen/ap/US_President_And_White_House_Advisers/AIG_Outrage.html?cxntlid=homepage_tab_newstab For once I agree with what Obama is trying to do here. 
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| packmule | Mar 17 2009, 10:22 PM Post #50 |
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For those of you who enjoy the circus I present to you a circus of a different kind, this one lacking in trapeze artists and exotic animals, a show comprised of clowns only. The clowns are Treasury Secretary Timothy Geithner, Democratic Party leaders, those who run the AIG insurance company, and President Barack Obama. To see a typical performance by this group, who incidentally have yet to come up with a name for their impending road show, click the link: http://news.yahoo.com/s/ap/20090318/ap_on_go_co/aig_outrage |
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| crowmagnumman | Mar 18 2009, 02:40 AM Post #51 |
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Monsterland Grand Master
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It boggles the mind that AIG had the audacity to do something like this. I don't know what Obama can do, but he needs to come down hard on these people. |
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http://www.youtube.com/crowmagnumman http://www.myspace.com/docostrow | |
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| packmule | Mar 19 2009, 09:58 PM Post #52 |
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President Obama has guaranteed that the U.S. economy will recover: http://news.yahoo.com/s/ap/obama I believe the U.S. economy will make, in the end, a partial recovery and that's it. Things regarding our economy will never completely be as they were before...which means that thousands of jobs lost will stay lost. 
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| UltramanSmythe | Mar 28 2009, 07:34 PM Post #53 |
Takayuki Miyauchi fanboy
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To be blunt... I think Obama is doing a lousy job and the American public has been decieved. |
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| packmule | Apr 5 2009, 02:42 PM Post #54 |
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To be blunt: I agree with you. Another 700,000 Americans who currently draw unemployment benefits will find their benefits running out before the end of the year, their prospects of finding work grim at best: http://news.yahoo.com/s/ap/20090405/ap_on_bi_ge/unemployment_losing_benefits While thousands of Americans lose their jobs and millions more can't find work, all of Barack Obama's top economic advisers make hundreds of thousands of dollars in salary from speaking engagements and their professional association(s) with the U.S. president. Think these people, as compensated as well as they are, are feeling any pressure to do anything for unemployed working class Americans? I sure as hell don't. |
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| packmule | Apr 25 2009, 04:56 PM Post #55 |
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I received my first paycheck yesterday(Friday) that had been adjusted to account for the $500 tax credit I am entitled to, courtesy of President Barack Obama's economic stimulus plan, passed not too long ago by Congress. As a single, working person with no dependents I now have another $8 per week after tax. I feel...so stimulated. Now, to decide what to do with this additional money every week. Of course, the idea by our illustrious President is that these additional funds would spur spending by working American citizens receiving these funds. At an additional $8 a week I could buy two Happy Meals from MCDonalds...or a used DVD at Blockbuster. Or a matinee movie ticket at the local theater or a cheap box of condoms. All of these purchases of course, and in mass numbers, would no doubt stimulate the American economy. Thank you, President Obama, for that $8 a week. I'm going to buy a McDonalds Happy Meal every week to celebrate your stimulus plan...and all of it's applied and tangible benefits to me, the hard working American citizen and taxpayer. |
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| packmule | May 27 2009, 06:44 PM Post #56 |
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America's newest president, and the most recent in what has been a numerous number of buffoons to occupy the Oval Office, is now declaring that the economic stimulus package has saved or/created 150,000 jobs: http://news.yahoo.com/s/ap/20090527/ap_on_go_pr_wh/us_obama_solar_power From the article: Which is exactly why President Obama makes this declaration of saving/creating 150,000 jobs: because neither he nor anyone can actually verify that it's true, making it impossible for anyone to prove, conclusively that this claim is false and that his stimulus plan isn't working. Here's something from the article as well that I think outweighs the 150,000 jobs saved/created: Last I checked 1.3 million is a higher number than 150,000. The United States continues to lose 400,000-500,000 jobs per month. This, above all, tells me the economic stimulus plan is not working. This statistic is apparently something Barack Obama is conveniently leaving out as he tours the U.S. spouting off about the success of his economic stimulus plan. President Obama's declaration is, in my book, no different than a farmer shoveling cow****. |
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| crowmagnumman | May 28 2009, 02:35 AM Post #57 |
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Yeah, I don't really think it's working either. I'm not even sure saving the economy is possible at this point. At least I don't know what the president could possibly do to save it.
Edited by crowmagnumman, May 28 2009, 02:37 AM.
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| packmule | May 29 2009, 01:01 PM Post #58 |
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http://my.att.net/s/editorial.dll?pnum=1&bfromind=7401&eeid=6594094&_sitecat=1522&dcatid=0&eetype=article&render=y&ac=-2&ck=&ch=ne&rg=blsadstrgt&l=hm Well done, Mr. President. Keep up the good work. 
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| packmule | Jun 4 2009, 07:52 AM Post #59 |
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Many of the thousands of campaign workers who set aside their jobs and careers to help Obama get elected now find themselves unemployed and, in some cases, homeless: http://www.good.is/post/the-obama-orphans-lost-in-transition/?GT1=48001 Another hearty well done to our president. He's now sitting high on the hog while those who helped get him elected are jobless. |
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| gvamp | Jun 26 2009, 02:58 AM Post #60 |
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Well I didn't read through all this thread but I'm going to give my points of view. I hadn't voted in the last election but if I did I would have voted for Obama. Why because with McCain in office it would have been another Bush incident. Bush was the worst president in history IMHO. I don't agree with the war over in Iraq because as my friend who recently got out of the military informed me that sucks up a good 600 Billion dollars, that's a big chunk of money right there a good chunk that could be used to rebuild are economy. Some things that Obama is doing I don't agree on but recently my friend and I decided to see how the economy was doing and nationally it's making a bit of a comeback but not as good as it was 8-10 years ago. In order to fix our economy it's really simple the president needs to lower our taxes. I learned about a simple principal in my Macroeconomics course called the the Tax Multiplier Effect basically if we lower taxes by say 9% and the goverment saves $0.90 out of every dollar in goverment spending then this will add $540 million back in the economy. Also there needs to be more jobs created, more jobs means more people working, people working means they aren't afraid to spend their money which in turn means the economy will make a come back. Also we need to stop outsourcing so much. Sure you can save a few pennies by doing this but this hurts America as a whole and when America hurts economical the whole world does. Here we thought war would destroy our country but greed seems to be doing the job just fine which is sad. Finally while some of you might not agree with this I believe that the US goverment should legalize Marijuana. While I don't smoke it myself I believe that if we regulate and tax it like we do Alchol and Tobacco then it should be leagalized. Plus not to mention that it'll add easily 600+ billion into our economy. Another thing I think should happen is that the United States should stop policing the world. I don't understand why we as a country have to stick our nose in other countries issues if they didn't ask us for help to begin with. Getting back on topic about Obama, is he doing a good job I think he is but then again it is to early to tell. Hopefully he can fix things the way the where before 2005 when everything started falling apart. |
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