Obama's Biggest Failure

Discussion in 'Politics' started by candycorn, Sep 24, 2012.

  1. candycorn
    Offline

    candycorn Alis volat propriis

    Joined:
    Aug 25, 2009
    Messages:
    37,499
    Thanks Received:
    4,541
    Trophy Points:
    1,130
    Ratings:
    +12,045
    ABC News is reporting that bank ATM fees and fees for checking accounts are going up.
    We were sold a bill of goods that there were banks that were too big to fail--8 of these banks are US Based:
    The 29 Global Banks That Are Too Big To Fail - Forbes

    In TARP, according to Wiki; $245B of the $700B was handed out to the US banks that are now raising fees based on their being too big to fail.

    Guess what; they're still too big to fail.

    Obama voted for TARP; these institutions should be broken up. This isn't some esoteric battle of conscience; it's freakin plain as day.
     
  2. CrusaderFrank
    Online

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,148
    Thanks Received:
    14,897
    Trophy Points:
    2,210
    Ratings:
    +36,848
    Banks should be like obamacare and give us stuff for free
     
    • Thank You! Thank You! x 1
  3. Seawytch
    Offline

    Seawytch Information isnt Advocacy

    Joined:
    Aug 5, 2010
    Messages:
    28,998
    Thanks Received:
    3,962
    Trophy Points:
    280
    Location:
    Peaking out from the redwoods
    Ratings:
    +7,043
    Who has been taking the teeth out of any legislation that would prevent "too big to fail" from happening again?

    Hint: it's not the President
     
    • Thank You! Thank You! x 1
  4. CrusaderFrank
    Online

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,148
    Thanks Received:
    14,897
    Trophy Points:
    2,210
    Ratings:
    +36,848
    Why do we even need banks anymore? We can get money from the government
     
    • Thank You! Thank You! x 1
  5. The Rabbi
    Offline

    The Rabbi Diamond Member

    Joined:
    Sep 16, 2009
    Messages:
    67,619
    Thanks Received:
    7,821
    Trophy Points:
    1,840
    Location:
    Nashville
    Ratings:
    +18,214
    WTF have you done with Candycorn??

    Yes, Dodd-Frank enshrined too big to fail. It outlawed certain streams of revenue so banks had to find other streams to replace them. What? You think banks are non-profit instutions? No. Now we have crony capitalism enshrined in the banking system. They should never have been bailed out as they have been. I was for a temporary backstop to restore confidence, but this has gone way beyond doing that. The Fed has been paying banks with taxpayer funds for selling it toxic mortgage bonds. That is just one of many subsidies handed out.
     
    • Thank You! Thank You! x 1
  6. AquaAthena
    Offline

    AquaAthena INTJ/ INFJ

    Joined:
    Feb 16, 2010
    Messages:
    15,453
    Thanks Received:
    11,061
    Trophy Points:
    2,265
    Location:
    ♥ TEXAS ♥ in Spirit
    Ratings:
    +12,342
    "Obama's Biggest Failure"

    Having both Houses of Congress in his first two years, and not taking advantage of that to create jobs, rather than destroy those actions that would create them.
     
    • Thank You! Thank You! x 6
    Last edited: Sep 24, 2012
  7. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    Being a dick.
     
    • Thank You! Thank You! x 2
  8. CrusaderFrank
    Online

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,148
    Thanks Received:
    14,897
    Trophy Points:
    2,210
    Ratings:
    +36,848
    Government gave money to banks so we cut out the middleman and get money from government...its free too!!!
     
    • Thank You! Thank You! x 2
  9. Locke11_21
    Offline

    Locke11_21 God Bless And Protect Law Enforcement Supporting Member

    Joined:
    Dec 31, 2011
    Messages:
    1,406
    Thanks Received:
    3,022
    Trophy Points:
    2,020
    Location:
    Bay State
    Ratings:
    +3,879
    Obama's biggest failure....should that be "failures" since there are so many of them. Here are just a few of them:

    the stimulus packages

    promising to get unemployment below 8.0%, oh, but wait he might just do it for next month since we have an ever increasing record number of people going to disability due to their unemployment benefits running out. And a record disaster for labor force participation rate.

    Oh, and how about that disasterous Chevy Volt Obama was promoting, yeah....LOL! Speaking of General Motors, the government bailout of them is such a disaster, GM wants out of it!!!!


    Oh...and how about Obama's biggest failure....there is not a blue America or a red America......yeah...whatev...he sure didn't follow that line of bullshit did he, most divisive polarizing president ever. Epic fail in uniting America.
     
    • Thank You! Thank You! x 2
  10. Meister
    Offline

    Meister VIP Member Supporting Member

    Joined:
    Jan 15, 2009
    Messages:
    25,900
    Thanks Received:
    8,099
    Trophy Points:
    63
    Location:
    Conservative part of the Northwest
    Ratings:
    +8,100
    He could have passed an immigraion bill also during that period of time :eusa_whistle:
     
    • Thank You! Thank You! x 2

Share This Page