Nay Sayers Wrong Again: TARP Not End Of world!!!

[oreo]

Dipshit Nay Sayers Wrong Again: TARP Working Out Swell!!!

"It turns out, actually, TARP -- as wildly unpopular as it has been -- has been much cheaper than any of us anticipated," President Obama said Thursday at a White House summit on creating jobs.

Federal Reserve Chairman Ben S. Bernanke, who pushed for the fund's creation, made a similar point at a Senate hearing Thursday on his nomination to a second term.

"Unlike some of the scare stories about $700 billion being thrown away, I do believe . . . in the end that there'll be something close to a break-even there," Bernanke said.

The TARP fund may break even, that is, on its first and biggest use of taxpayer money: investing billions -- $205 billion as of Monday -- directly in banks.

Well--what in the heck happened to Americans making money off of tarp 1? Well--that went out the window with Democrats turning the pay-back of Tarp 1 into Stimulus bill jr.--

Don't worry you millions of laid-off Americans--Uncle Sam--plans on continuing to send you your stimulus check-aka (unemployment check) -if that's what you want to call it--because they sure as hell can't find a job for you--no matter how much debt they put us into.

JUST another example that massive government spending does not stimulate private sector job growth. The only thing that has been expanding in leaps & bounds is government, while the private sector is shrinking.

"The problem with socialism is that government eventually runs out of other peoples money to spend" Margaret Thatcher.

 

[Charles Stucker]

Dipshit Nay Sayers Wrong Again:

LA Times is a liberal publication, has been since the 90's.
Naturally they will conclude Obama walks on water.

But your headline is right - TARP is not the end of the world.
It probably won't even end the USA.
But bailing out anyone for bad policy just reinforces that policy.
Single mother get welfare and you see a resultant rise in single mothers.
Risky bank investments get covered by the government and you see a rise in risky investments.

 

[Chris]

Dipshit Nay Sayers Wrong Again: TARP Working Out Swell!!!

"It turns out, actually, TARP -- as wildly unpopular as it has been -- has been much cheaper than any of us anticipated," President Obama said Thursday at a White House summit on creating jobs.

Federal Reserve Chairman Ben S. Bernanke, who pushed for the fund's creation, made a similar point at a Senate hearing Thursday on his nomination to a second term.

"Unlike some of the scare stories about $700 billion being thrown away, I do believe . . . in the end that there'll be something close to a break-even there," Bernanke said.

The TARP fund may break even, that is, on its first and biggest use of taxpayer money: investing billions -- $205 billion as of Monday -- directly in banks.

Well--what in the heck happened to Americans making money off of tarp 1? Well--that went out the window with Democrats turning the pay-back of Tarp 1 into Stimulus bill jr.--

Don't worry you millions of laid-off Americans--Uncle Sam--plans on continuing to send you your stimulus check-aka (unemployment check) -if that's what you want to call it--because they sure as hell can't find a job for you--no matter how much debt they put us into.

JUST another example that massive government spending does not stimulate private sector job growth. The only thing that has been expanding in leaps & bounds is government, while the private sector is shrinking.

"The problem with socialism is that government eventually runs out of other peoples money to spend" Margaret Thatcher.

The problem with war is that government eventually runs out of other peoples money to spend.

 

[garyd]

KWC Cash for Clunkers and the credit for buying a house are essentially paying people to buy houses and cars.

 

[Chris]

KWC Cash for Clunkers and the credit for buying a house are essentially paying people to buy houses and cars.

And it worked.

 

[oreo]

Oh, so Obama says and all is good and right in the world.....thanks, I feel much better now.

BTW, how's that recovery.org working out?

Really well.

Thanks for asking.

Unemployment ROSE to 10.2% last week. This is during the Christmas season where we should be seeing at least temporary employment growth. We're not--we're still loosing jobs. Now the above figure does not include Americans who have simply given up on looking for jobs. Some are stating that the real unemployment figure in this country is around 17-18%. We know for a fact that unemployment in the construction industry is 18.7%.

This just goes to show that massive government spending does not create private sector job growth. The stimulus bill is a total failure--now congress signed off on another 85 billion dollar "stimulus jr." bill.

Obama's flood the basement economics has been a total failure. We have not seen bottom yet.

 

[oreo]

Dipshit Nay Sayers Wrong Again: TARP Working Out Swell!!!

Well--what in the heck happened to Americans making money off of tarp 1? Well--that went out the window with Democrats turning the pay-back of Tarp 1 into Stimulus bill jr.--

Don't worry you millions of laid-off Americans--Uncle Sam--plans on continuing to send you your stimulus check-aka (unemployment check) -if that's what you want to call it--because they sure as hell can't find a job for you--no matter how much debt they put us into.

JUST another example that massive government spending does not stimulate private sector job growth. The only thing that has been expanding in leaps & bounds is government, while the private sector is shrinking.

"The problem with socialism is that government eventually runs out of other peoples money to spend" Margaret Thatcher.

The problem with war is that government eventually runs out of other peoples money to spend.

The problem with not fighting wars to protect the American public--means that there is no tax revenue coming in--because tax paying Americans are dead & can't work--

 

[DiveCon]

Well--what in the heck happened to Americans making money off of tarp 1? Well--that went out the window with Democrats turning the pay-back of Tarp 1 into Stimulus bill jr.--

Don't worry you millions of laid-off Americans--Uncle Sam--plans on continuing to send you your stimulus check-aka (unemployment check) -if that's what you want to call it--because they sure as hell can't find a job for you--no matter how much debt they put us into.

JUST another example that massive government spending does not stimulate private sector job growth. The only thing that has been expanding in leaps & bounds is government, while the private sector is shrinking.

"The problem with socialism is that government eventually runs out of other peoples money to spend" Margaret Thatcher.

The problem with war is that government eventually runs out of other peoples money to spend.

The problem with not fighting wars to protect the American public--means that there is no tax revenue coming in--because tax paying Americans are dead & can't work--

chris/kirk is too fucking stupid to comprehend that simple concept

 

[saveliberty]

KWC Cash for Clunkers and the credit for buying a house are essentially paying people to buy houses and cars.

And it worked.

It was not sustainable growth. Simple numbers window dressing.

 

[Chris]

KWC Cash for Clunkers and the credit for buying a house are essentially paying people to buy houses and cars.

And it worked.

It was not sustainable growth. Simple numbers window dressing.

I know you want the economy to fail, so your side will win the next election, but you are wrong. The economy is growing and will continue to grow.

Bad news for you is good news for the rest of us.

 

[saveliberty]

And it worked.

It was not sustainable growth. Simple numbers window dressing.

I know you want the economy to fail, so your side will win the next election, but you are wrong. The economy is growing and will continue to grow.

Bad news for you is good news for the rest of us.

I want good long term solutions. Having inflation and a larger debt will not help us. Obama is not promoting these types of plans.

Cash for Clunkers drove used car prices up, it merely rolled forward sales that are now lagging. Buying existing housing stock is not helping construction workers get employment. I see you immediately hail any increase in numbers as some type of salvation, but a worsening number is passed off.

 

[Chris]

It was not sustainable growth. Simple numbers window dressing.

I know you want the economy to fail, so your side will win the next election, but you are wrong. The economy is growing and will continue to grow.

Bad news for you is good news for the rest of us.

I want good long term solutions. Having inflation and a larger debt will not help us. Obama is not promoting these types of plans.

Cash for Clunkers drove used car prices up, it merely rolled forward sales that are now lagging. Buying existing housing stock is not helping construction workers get employment. I see you immediately hail any increase in numbers as some type of salvation, but a worsening number is passed off.

Sorry, but to avoid deflation, money had to be pumped into the economy, and it worked.

Now that the bottom has been reached, we can begin an ascent. The government handled the crisis correctly.

And Obama is correct to focus on controlling healthcare costs, promoting alternative energy made in America, and getting us out of Iraq.

 

[Liability]

Which part about saving an economy in panic and on the verge of collapse is negative?

Oh yes, I remember........It is negatative to those rooting for collapse

Leftwinger is confused or is engaged in deliberate conflation.

Wanting President Obama to fail is not rooting for collapse. It's rooting against the radical change of our nation from a Constitutionally based Republic with a capitalist economy to a constitutionless STATIST government with a Marxist/socialist-based economy.

I don't know anybody on the right who wants a collapse. We merely recognize that some charted courses for "salvation" are actually roadmaps to tyranny.

Tyranny???

How melodramatic

Yes, tyranny.

Not melodramatic at all; not even in the tiniest of ways.

You are just woefully ignorant. That's all.

Nothing new.

 

[Liability]

KWC Cash for Clunkers and the credit for buying a house are essentially paying people to buy houses and cars.

And it worked.

Cars: Cash for clunkers was an economic dislocation that not only did not work, it helped sew seeds for worse economic problems down the road. Are you so pathetically ignorant that you can't see how it hurt people and entire businesses?

Houses: When folks cannot afford to buy a home (using rational bases of credit-worthieness as the gauge) then maybe they shouldn't be buying. Yet, when the stupid government mandates that the non-creditworthy be given such loans, anyway, it should come as no great surprise down the road when the loans get defaulted on!

Chrissy: your platidudes make no sense. You are damn ignorant.

 

[Chris]

KWC Cash for Clunkers and the credit for buying a house are essentially paying people to buy houses and cars.

And it worked.

Cars: Cash for clunkers was an economic dislocation that not only did not work, it helped sew seeds for worse economic problems down the road. Are you so pathetically ignorant that you can't see how it hurt people and entire businesses?

Houses: When folks cannot afford to buy a home (using rational bases of credit-worthieness as the gauge) then maybe they shouldn't be buying. Yet, when the stupid government mandates that the non-creditworthy be given such loans, anyway, it should come as no great surprise down the road when the loans get defaulted on!

Chrissy: your platidudes make no sense. You are damn ignorant.

No, I am not ignorant.

When the threat is deflation, then the goverment must be the demand of last resort. The government did that. Confidence was restorted. The economy is growing again, but it will be a long way back.

 

[PLYMCO_PILGRIM]

So TARP worked? Then why do fannie and freddy need 400billion more each? I call bullshit on someone claiming TARP worked because if it did fannie and freddy wouldn't need more cash.

A $400b bailout and counting - The Boston Globe

 

[Liability]

And it worked.

Cars: Cash for clunkers was an economic dislocation that not only did not work, it helped sew seeds for worse economic problems down the road. Are you so pathetically ignorant that you can't see how it hurt people and entire businesses?

Houses: When folks cannot afford to buy a home (using rational bases of credit-worthieness as the gauge) then maybe they shouldn't be buying. Yet, when the stupid government mandates that the non-creditworthy be given such loans, anyway, it should come as no great surprise down the road when the loans get defaulted on!

Chrissy: your platidudes make no sense. You are damn ignorant.

No, I am not ignorant.

When the threat is deflation, then the goverment must be the demand of last resort. The government did that. Confidence was restorted. The economy is growing again, but it will be a long way back.

Yes, you ARE ignorant.

When we have gotten into massive trouble economically because we spend like drunken fucking sailors money which we don't have, only a complete fucking imbecile (such as a liberal Democratic) would discover that the "answer" lies in the realm of massive spending and massively increased borrowing of money!

If you think the people or the monied interests have any measure of "restored" confidence in the American economy, you are too far beyond ignorant to discuss this topic.

Everyone with even a couple of connecting brain cells should be able to see that we are in dire fucking trouble thanks to idiots like the President, Harry worthless Reid and Madam Shrieker Pelousy.

 

[nodoginnafight]

With unemployment numbers starting to come around - it's getting harder and harder for the "invested-in-the-failure-of-the-U.S." crowd to find something to carp on.

 

[Procrustes Stretched]

Dipshit Nay Sayers Wrong Again: TARP Working Out Swell!!!

"It turns out, actually, TARP -- as wildly unpopular as it has been -- has been much cheaper than any of us anticipated," President Obama said Thursday at a White House summit on creating jobs.

Federal Reserve Chairman Ben S. Bernanke, who pushed for the fund's creation, made a similar point at a Senate hearing Thursday on his nomination to a second term.

"Unlike some of the scare stories about $700 billion being thrown away, I do believe . . . in the end that there'll be something close to a break-even there," Bernanke said.

The TARP fund may break even, that is, on its first and biggest use of taxpayer money: investing billions -- $205 billion as of Monday -- directly in banks.

allow me please, to say it again....

Dipshit Nay Sayers Wrong Again

 

[Charles Stucker]

No, I am not ignorant.

When the threat is deflation, then the goverment must be the demand of last resort. The government did that. Confidence was restorted. The economy is growing again, but it will be a long way back.

The least you could do is change your avatar. I absolutely despise hearing drivel like this in Sean Connery's James Bond voice.
What a disservice to a great Scottish actor.