getalife on March 12, 2009 at 5:11 PM

Don’t feed the troll. If it doesn’t get anything to eat it will go away, maybe back to Kos or DU. Remember, don’t wrestle with a pig. It will just annoy the pig and frustrate you.

In communist countries, like Venezuela, they seize company asets and erect walls to keep the people in. You can see why now.

oddjob1138 on March 12, 2009 at 4:42 PM

Do you think the Dow turnaround is worthy of praise for the President?

getalife on March 12, 2009 at 5:11 PM

No. Nor would I lay three days of falling solely at Obama’s feet either. But two months… Yeah. As many many people agree, I do put the lion’s share at his feet.

Do any of those people look familiar?

Madoff is doing what Socialist Security does every year: pay current recipients with current investors money – all while investing NOTHING.

Ten cents per post, plus it gets two cents for each post that answers, comments upon, or otherwise references its posts.

Yoop on March 12, 2009 at 4:17 PM

Yoop on March 12, 2009 at 4:17 PM

I am retired fruit yoop.

getalife on March 12, 2009 at 4:19 PM

Wow, it only took two minutes to flush it out in the open that time. Couldn’t anybody get a good sight picture? Troll season is open, afterall; no bag limit.

Democrats on the other hand, with their wealth guilt, redistribution mentality, and social engineering schemes…

No politician is capable fixing a bad economy.

Bad economies improve under Republicans because they are friendlier towards business and investors…they create an environment in which money can be freely made-and lost…that is the nature of free enterprise.

If we didn’t learn this in the 1930s then I guess we never will.

LegendHasIt on March 12, 2009 at 5:18 PM

I think it also has to do with the fact that people are turning against The Precedent, so his idiotic ideas have less of a chance of being implemented and killing everything. If people started openly calling for his resignation, the market would be up 1000 points.

Looks like a struck a nerve.

getalife on March 12, 2009 at 3:22 PM

No, you’re just stuck on stupid.

It’s a con world which you dwell.

getalife on March 12, 2009 at 3:44 PM

And your man is the biggest con.

Do you think the Dow turnaround is worthy of praise for the President?

Thanks for pointing that out.

Now your opinion on the rest of the list or do we ignore those?

7. Failure to Prevent Predatory Lending

getalife on March 12, 2009 at 3:34 PM

A loan shark is a predatory lender, and even then, it’s the idiot borrower’s choice to accept the money or not.

A person that lies on a loan application in order to get a house that they cannot afford is not a victim of predatory lending.

A bank being forced (whether by laws or threats from community organizers) to lend to people that are at a high risk of defaulting is not a case of predatory lending either.

It’s a nice term to throw around, but it is not at all indicative of what really happened.

No, like today I sided with the cons on the knee jerk reaction on “Obama VA: Let’s charge vets for care on service-related injuries”. It does look bad but some more facts came out in the comments. Sometimes, you have to wait a few days for all the facts to come out.

As usual, there was more to the story so I had to apologize for my knee jerk reaction and will never do it again.

See, many of these silly posts are designed to bring down the dems with anything negative and you have to filter out the bias and bs.

When all the facts are in and it is obvious our President is in the wrong, rest assured I will opine that position.

But if it is just biased silly attacks, I will opine that poition too.

Thank the President.

getalife on March 12, 2009 at 3:41 PM

Pres:
Thanks for being so effective of crushing our economy by talking about it as a crisis every chance you get.
Thanks for being such a complete hypocrite about every campaign promise you made.
Thanks for not doing your job.
Thanks for stealing wealth from the next couple generations.
Thanks for rising unemployment through bad policy.
Thanks for making the bread lines longer.

I didn’t vote for you, but I’m stuck with you. Please resign so we can get someone in there who actually knows how to fix this problem.

peter_griffin on March 12, 2009 at 4:34 PM

Take a look at Iceland…Lehman was their primary line of credit. Lehman had over 20% stake on D.E. Shaw Hedge Fund, alone…and were invested in other hedge funds as well. Last year, last Spring, if one were able to take an inventory of investments by banks across the globe, one would see a huge portion tied to the US housing market…all tied to a house of cards.

Had there been no such inter-connectivity then we could have handled a draw down in the housing market, even been able to weather a few major banks being forced into FDIC takeover. But, when it came crunch time…we found that most of the “wealth” being bought and sold by global financials was pretty much just paper…and bad paper at that.

It was the U.S. Government’s backing (through Freddy and Fannie) that made these financial instruments so “valuable.” After all, the United States was the nation of choice in almost every global crisis we’ve seen over the past 75 years…stable…all the right regulation…and the United States could never ever go bankrupt, we weren’t Zaire or Uruguay, after all.

It was one big pyramid scheme…right up there with Madoff, really…and each time a piece of paper was traded, it gained in price but not in actual worth.

We are really seeing the playout of the tech bust, but on a much, much more massive scale.

I did not mean that in terms of the financial analysis of the problem, but more as a philosophy of how the following scheme is bound to die:

boom is created in some area –> derivatives are created off of that area (insuring companies, assets or whatever) –> the original boom dies and so everyone in the second part is on the hook and headed for bankruptcy

No, he is a free market with regulations kind of President and new Democrat.

getalife on March 12, 2009 at 4:34 PM

LOL. Sort of like he is a coal industry with regulations supporter …

Let me sort of describe my overall policy.

What I’ve said is that we would put a cap and trade system in place that is as aggressive, if not more aggressive, than anybody else’s out there.

I was the first to call for a 100% auction on the cap and trade system, which means that every unit of carbon or greenhouse gases emitted would be charged to the polluter. That will create a market in which whatever technologies are out there that are being presented, whatever power plants that are being built, that they would have to meet the rigors of that market and the ratcheted down caps that are being placed, imposed every year.

So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.

Yeah … free market with “regulations”.

Get a brain, you blithering idiot.

I am a retarded Fruit Loop.
getalife on March 12, 2009 at 4:19 PM

Just to be helpful, I fixed those typos for you.

No, he is a free market with regulations kind of President and new Democrat.

coldwarrior on March 12, 2009 at 4:04 PM

So, essentially, your argument is that the overwhelming number of hedge funds and derivatives were created because of the housing reinvestment act – is that correct? While that may be true, the hedge funds feeding on the derivatives could have been created by any boom, as I mentioned in my original post. It just *happened* to be houses. But, absent intelligent regulation, or for that matter *any* regulation, they were allowed to foster and grow into this monster. We are really seeing the playout of the tech bust, but on a much, much more massive scale.