The recession is over? Well then I guess we can cancel that stimulus money.

The DOW is still thousands of points below where it was in October 2007 when Bush was President. It is still thousands below where it was when he left office too.

Dow up 1200 in two weeks.

Tim you magnificent genius.

Recession over.

It did not fail.

You lose.

getalife on March 23, 2009 at 4:03 PM

Wall Street is getting 93 cents on the dollar from taxpayers for investments.

Of course they’re celebrating.

As to why you are celebrating, Im sure it’s because you are not bright enough to figure out what is going on.

Grow up and celebrate this day?? Are you serious?

I remember when Bush was being compared to Hoover in spite of the fact that the DOW was almost twice what it is now. When they first said they would intervene in the market, I can remember days when the market actually went up over 600 points. Did Democrats say we should have celebrated the day? They said, Look at all the money the government is having to poor in the economy, get rid of the Republicans!

What a little hypocrite you are.

If I remember correctly when the Bush administration originally said they wanted to buy up these toxic assets a lot of people were not any happier about that plan than they were the next one.

Maybe the idea was to put some money into the market directly to keep it alive until they knew just what those assets were and how much they needed to buy.

I am always struck by the fact that so many people know so much about all this stuff, after the fact.

The Fannie/Freddie theory is a good one, but you must realize that the Bush Administration hated Fanne and Freddie and would have had no problem blaming them for the collapse. But they didn’t have much to do with the collapse of Citigroup or AIG.

Grow up and celebrate this day.

getalife on March 23, 2009 at 4:39 PM

He’s already grown up. We all just lost more of our freedom, and you’re out to celebrate. Some day maybe you’ll grow up. I’m ‘fraid it’s too late, though.

You sound like a sore loser.

Grow up and celebrate this day.

LegendHasIt on March 23, 2009 at 4:33 PM

You’re probably right–although I do know people who are that stupid. I’m just feeling rasty today–that’s all.

(Really wishing that I could win a date with Tricia Helfer–or Grace Park–at a Supermodel auction…)

getalife on March 23, 2009 at 4:26 PM

Ahh…the sound of naive childishness…

Little one–I don’t want the president to succeed in programs that are going turn this country into yet another socialist “paradise”–and mark my words–his “administration” will be regarded by future historians as a long-term disaster even worse than the Three Stooges (Fillmore, Pierce, Buchanan). I like my individual rights, my freedoms, and my ability to make my own decisions. You, on the other hand, remind me of one of those old children’s windup toys–the ones with the giant screw in the back that you turn. Wind you up and you raise right arm and the little voice recorder in you cheers “Hail Obama…Hail Obama…Hail Obama!” Just like a robot.

As for myself–I will question this punch-drunk buffoon whom you and your ilk, along with a sleepy country, managed to slip into the presidency; I will call him on his stupidities and his imbecilities, and I will do it loudly and clearly. I hope and pray the news stays good–but I also have enough sense to know that very often an especially lush blooming can signal a dying plant.

getalife is not a ‘real person’; No one is at the same time so stupid, obnoxious AND so persistent.

Sure, there are some people who are that stupid and obnoxious, but they tend to get distracted by shiny things or drift off to read look at comic books, burn ants with a magnifying glass or torture cats.

getalife is obviously just a false persona created to keep the website hit count up by making silly, easily refuted statements and strawman arguments that are so outrageous that they are difficult to ignore.

What kind of Americans want our President to fail?

It’s the cons not me.

Pardon me for supporting our President and cheering this good news while you have your silly tea parties.

getalife on March 23, 2009 at 4:03 PM

Children with short attention spans…that’s what we’ve become. Listen, little one and learn. This is not a zero-sum gotcha game. A depression comes–we all pay the price. No one here wants that. If this recession is over, then why is the unemployment rate where I live near double digits? Why is almost everyone in my neighborhood out of work? Yes, the dow is up 1200 points in two weeks–good, great, that and a buck will get you a cup of coffee at a seven-eleven. What you children (and yes, you are a child, mentally if not physically, that is why I am talking to you as if you are a child) fail to understand is that there is a short term and a long term–say it with me, little one–long term. What will the impact of these measures be in a month…three months…six months…a year? If…and that’s a BIG if…in a year we find the economy booming and the toxic assets gone, the budget deficit beginning to go down, then you might have a right to crow.

Until then, little one, you get to wait along with the rest of us.

Tim you magnificent genius.

Recession over.

It did not fail.

You lose.

Now, the curtain goes up so…do we get Tricia Helfer? Or do we get…

Janet Reno

God bless President Obama.

It’s just a scheme to transfer losses from the bank to the taxpayer with an egregious payout to a middleman (SAC) to effectively money launder the transaction.

You’ve also transmuted a $30mm economic loss into a $36.75mm economic loss because of the laundering. So its incredibly inefficient.

How did fraud and money laundering become the national economic policy of the US?

It is a scam to make it look like they are clearing it up, kicking the can down the road for a few months, Further enriching big investors who ‘play ball with them’ and shifting even more of the burden onto taxpayers.

LegendHasIt on March 23, 2009 at 2:13 PM

The populace is too ignorant to understand this, yet, and the media are derelict, once again.

If there is a profit after a while, the banks won’t sell. If there’s a loss, the taxpayers are asked, again, to foot the bill. It’s so simple, for the thinking types.

This blatant and audacious charlatanery is something never experienced before and must, absoluely must be stopped.

Looks like Obama is FINALLY getting it.
SoulGlo on March 23, 2009 at 3:32 PM

Getting what?
Another way to screw the taxpayers?
If you think this is a good thing, you should look deeper.

LegendHasIt on March 23, 2009 at 2:13 PM

Yep, and the private company part is just for cover, so they can say this is free enterprise, and not socialism, even though the Government is funding 97%.