"O" Bailed out the banks to bail out the "O"

Discussion in 'The Fire For Effect and Totally Politically Incorr' started by Doc1911, Sep 30, 2009.

  1. Doc1911

    Doc1911 New Member

    Joined:
    Jun 29, 2009
    Messages:
    874
    Location:
    USA
    So much for money management. Regulators have approached big banks about borrowing billions to shore up the dwindling fund that insures regular deposit accounts: FDIC May Borrow Money From Banks - and he still desires a health care program? :confused:
  2. walien

    walien Former Guest

    Joined:
    May 5, 2009
    Messages:
    276
    W bailed them out too. McC was going to as well.
  3. USMC-03

    USMC-03 New Member

    Joined:
    Oct 17, 2007
    Messages:
    1,825
    Location:
    Peoples Republic of the Pacific Northwest
    George Bush did indeed start the stimulus and bailout fiasco, which John McCain supported, and shame on the both of them. Last I checked though, Bush is no longer president and McCain lost. B.O. is bull of the woods now and the buck needs to stop there; not that he has anywhere near the fortitude of Harry Truman...
  4. Doc1911

    Doc1911 New Member

    Joined:
    Jun 29, 2009
    Messages:
    874
    Location:
    USA
    Yes, bailouts actually began under the Republican presidency, but it does not change the stupidity of the decision especially when the Gov't is now thinking of having to borrow funds AGAIN. If the Fed has been so mis-judged and mismanaged in such a brief period of time under the "O" then how are we to trust that health-care management, which is longterm, will be any better?
  5. walien

    walien Former Guest

    Joined:
    May 5, 2009
    Messages:
    276
    ..because of term limits and McC lost to someone who was going to do the same thing with the banks that he was.

    The FDIC is not the Federal Reserve Bank. The FDIC is there to provide protection for deposits in banks that go under. This stops 'runs' on banks and provides stability for the banking system. The current banking mess was handed to Obama. Should you want to call him out on health ideas, why not do that instead of griping about something that is largely a Republican problem that he was handed.
  6. Doc1911

    Doc1911 New Member

    Joined:
    Jun 29, 2009
    Messages:
    874
    Location:
    USA
    So you see no connection between the FDIC and the FRB? You do not see mismanagement at the highest levels of gov't? Interesting. :rolleyes:

    Things DID NOT begin with Bush, but Clinton and others (see below), but when Bush was in office he still had to work with a largely Dem: Senate and House vs. the "O" and Dems have control and have taken ownership of the financial crisis ("Ultimately, I'm responsible, I'm the president of the United States," Obama told reporters. "The buck stops with me" - March 20, 2009). If he and his Dems can't manage the economy then how can we trust him to manage health care? This is a fair question - regarding management and leadership.

    You keep pointing to "what ifs" and "what was," but we are speaking about "what is." That is "what is" being currently mismanaged. That is "what is" improper leadership. You can keep dreaming the "O" dream - but that is not a "what was" or "what if" it has merely been a pack of lies.

    As far as your "what was" - Clinton and the Dems need to take some Responsibility:

    According to Ben Bernanke of the Federal Reserve in a press release on May 17, 2007:

    The Boston Globe reported (Mortgage meltdown - How Fed inaction fueled the subprime crisis - July 12, 2009):

    DC Examiner stated:

    Another Subprime Mortgage Meltdown Video (in the Dems own words): http://msplaceddemocrat.wordpress.com/2008/10/10/another-subprime-mortgage-meltdown-video/

    As Brian Davis reports:

    Last edited: Sep 30, 2009
  7. topper

    topper New Member

    Joined:
    Aug 2, 2006
    Messages:
    748
    Location:
    deep in the woods
    When is someone going to bail out the poor taxpayers that end up broke after bailing out everyone else? I for one, have had it with bailouts. The government has no business delving in private business nor bailing out anyone. Stop the bailout madness, stop the economic stimulus madness, stop the healthcare madness, stop any other madness that his Madness Odumma might have. Just stop spending us into oblivion.



    Wake up, america, Lock and Load!
  8. red14

    red14 Active Member

    Joined:
    Aug 17, 2009
    Messages:
    3,947
    Location:
    N FLA
    [B]+ infinity[/B]


    !
Similar Threads
Forum Title Date
The Fire For Effect and Totally Politically Incorr GOP Passes Amendment Denying Funds to 'Operation Choke Point' ( guns and banks ) May 30, 2014
The Fire For Effect and Totally Politically Incorr ‘High risk’ label from feds puts gun sellers in banks’ crosshairs, hurts business May 19, 2014
The Fire For Effect and Totally Politically Incorr DOJ Now Pressuring Banks to Refuse Service to Gun Stores Apr 30, 2014
The Fire For Effect and Totally Politically Incorr Thomas Jefferson on Banks & Corporations Feb 26, 2013
The Fire For Effect and Totally Politically Incorr Rahm Emanuel strong arming banks Jan 25, 2013

Share This Page