Will Obama Still be Blaming Bush 3 Years from now?

That is disingenuous. An axiom of politics is personnel is policy... Which is why 0bama is getting all that heat about his science guy.

Bush put people in place to achieve certain goals. The Bush administration is the people Bush place in jobs for goals he wished to achieve. The Bush Administration is Bush.

I don't think so. Maybe you need to review the list of people who were either asked to resign, resigned voluntarily, or demoted who had previously been hired by Bush. Running Washington is like any other business as far as employing the 'right' people. You win with some, you lose with others.
 
Yours was a "genuine response"?? Gee, I missed that. Did you accidentally delete more?

Still unable to refute the analogy, huh?

The analogy doesn't compute. Neither financial institutions nor the auto industry were "destroyed" nor were they nationalized.

There are people here that would rather have seen this nation in a full fledged Depression than to see President Obama succeed. I did not like the bailouts. I liked what would have resulted had we not done them even less. Life is often about choosing bad over worse.
 
That is disingenuous. An axiom of politics is personnel is policy... Which is why 0bama is getting all that heat about his science guy.

Bush put people in place to achieve certain goals. The Bush administration is the people Bush place in jobs for goals he wished to achieve. The Bush Administration is Bush.

Which guy? President Obama has appointed some very capable science people, so whom are we speaking of?
 
Yours was a "genuine response"?? Gee, I missed that. Did you accidentally delete more?

Still unable to refute the analogy, huh?

The analogy doesn't compute. Neither financial institutions nor the auto industry were "destroyed" nor were they nationalized.


I guess yer being dense. You said:

How can those be considered "socialist" when both were in effect saved so that they can continue as PRIVATE ENTERPRISES?

They were partially socialized by the taxpayers (the collective) taking ownership of them.

So we've established that they were partially socialized.

And so we had to partially socialize them so they could continue as a private enterprise? We had to destroy the village to save it.

Doesn't matter if you agree with the actions or not. And I've not even hinted in this thread whether or not I agree with the actions. The analogy still stands.
 
Still unable to refute the analogy, huh?

The analogy doesn't compute. Neither financial institutions nor the auto industry were "destroyed" nor were they nationalized.


I guess yer being dense. You said:

How can those be considered "socialist" when both were in effect saved so that they can continue as PRIVATE ENTERPRISES?

They were partially socialized by the taxpayers (the collective) taking ownership of them.

So we've established that they were partially socialized.

And so we had to partially socialize them so they could continue as a private enterprise? We had to destroy the village to save it.

Doesn't matter if you agree with the actions or not. And I've not even hinted in this thread whether or not I agree with the actions. The analogy still stands.

How were investment banks socialized? You'll need to be specific, because here is a perfect example of why you are dead wrong. This is exactly how the TARP deal was supposed to work, and it is.

Goldman Sachs Pays $1.1 Billion to Redeem TARP Warrants
July 22, 2009

US Taxpayers Make 23 Percent Return

New York, NY July 22, 2009 - The Goldman Sachs Group, Inc. (NYSE: GS) announced today that it has redeemed the warrants the U.S. government received in connection with its investment in the firm through the TARP’s Capital Purchase Program at $1.1 billion, the full value the U.S. Treasury Department has determined.

In June, Goldman Sachs repaid the U.S. Treasury’s investment of $10 billion, and during the eight months of the investment, the firm paid $318 million in preferred dividends. We are pleased that the payment of the dividends and the redemption of the warrants, which total $1.418 billion, represent an annualized return of 23 percent for US taxpayers.
 

New Topics

Forum List

Back
Top