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Old 05-11-2012, 05:15 PM   #16
Big A

Join Date
Oct 2005
Age
50
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STOPPING THESLIDE Let’s remember that the new president was dealt a dreadful hand onInauguration Day — including a shattered financial system and a nationaleconomy teetering on the brink of disaster. The administration’s chiefaccomplishment to date surely is devising and executing — with huge assistsfrom the Federal Reserve — a comprehensive program to pull us back from theabyss. The stimulus was just one component.

ENACTING THE STIMULUS PACKAGE The much-maligned fiscal stimulus has beencriticized from both the left (as too small) and from the right (as too big,especially the spending parts). My own judgment is that both its magnitude andcomposition were reasonable, though not perfect.

RESCUING THE BANKS
REDUCING FORECLOSURES
TRYING FOR REGULATORY REFORM
Saving the Auto Industry and all jobs related to Auto Industry.
Providing for Health Care, particularly for pre-existing conditions, andchildren over 23 years of age.
Ended the war in Iraq
Have an exit strategy from Afganistan.
And so much more.


well you have left out the many many negatives !!. when he came he inherited amess (agreed), but he was brought into clear this mess. he did not.

anyone who does not have the common sense to rein in the debt, has to go. Imean will you take another house loan when you have an existing one & youare struggling to repay ?? when he came the debt was 5 trillion to 10 trillionbut he allowed that to swell to 15 trillion ! US economy got downgraded - whybecos of the soverign debt, regulation etc.. !!

Hi administration is a classic copy of an Indian politician !!.

Socialism/ Communism leads to short term benefit but eventually leads tobankruptcy. Large Govt programs eventually lead to massive soveriegn debt.remember Soviet Union, Eastern Europe & India - Narasimha Rao had toliberalise to get out of this mess !

In a capitalist economy, you dont bail out - period !!. Auto industry shouldhave been allowed to fail, thats the way it works. tough luck!.

I mean everyone wants a handout, who will not like some free money, food stampsetc.. why bother to work. get up in the morn go to food stamp office, pick somecash & have a few beers !!. who wil not like it - LOL !

do you bail out the many many companies that go bankrupt every day ? No. Butthis was an extra-ordinary situation - NO it doesnt matter. Private sector willbounce bank from these failures. so Obama was wrong to bailout, that issocialist policy - remember the Indian subsidies for Air India etc..,!! Indiais in such a debt, we got downgraded to just one level above junk rating.


what Obama is trying to do is argue that Capitalism is a problem & hence weneed to look at socialist policies. ?? How bizzare?. It is CApitalism that madeUSA the superpower. Just becos one gets into a recession, you dont throw thebaby out of the water.

thats what happens when you elect the inexperienced, incompetent.

sorry to use some strong words here, but lets get the facts clear here !!


Cheers,
JK
Big A is offline


 

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