Are they going to do a Friday afternoon document dump with this stuff so it disappears over the weekend?

I’d say probably not, because the idea is to get folks riled up at the “bad” banks so they are then under more pressure to replace the CEOs and stuff.

It’s 4:00 pm and no stress test results released.

Are they going to do a Friday afternoon document dump with this stuff so it disappears over the weekend?

What’s next? Will the Obama administration then start siphoning money out of people’s checking and savings accounts once they’re running the banks?

Aitch748 on May 7, 2009 at 1:10 PM

What I heard hinted at was the forceful conversion of 401K stocks into Government T-Bills. Since China has slowed purchasing, this rumor scares the crap out of me that it might actually have legs…

Anyone who takes the tax payers money should not complain when the government wants some changes in the company. If it wasn’t for the government majority of these company’s would have gone under

nice343 on May 7, 2009 at 1:02 PM

So we’re agreed: Obama’s a socialist corporatist.

gwelf on May 7, 2009 at 3:05 PM

FIFY. Corporatist is the term Mussolini coined to describe his own personal style of fascism, and 0 is following in Benito’s footsteps.

Trackback from PunditKix.com…

By the time the next election comes, this country as we knew it will no longer exist.

hillbilly on May 7, 2009 at 2:40 PM

I believe that is the plan, and it is well into its execution.

If ObamaCare and sanctions against carbon dioxide emission get through Congress, we are well and truly f#cked. (Well, the intercourse will be complete, as we are already getting the shaft.)

You’d think it was the goal or something.

lorien1973 on May 7, 2009 at 1:24 PM

It is.

Me thinks it’s time for Conservatives to withdraw all money from their bank accounts.

Make a run on your bank and see what Barry does then.

omnipotent on May 7, 2009 at 1:32 PM

That’s what he’s trying to cause.

FDR never managed to fix “depression-level unemployment” and got himself reelected three times. He was very good at taking money from a few people and giving it to specific voting blocs.

29Victor on May 7, 2009 at 3:14 PM

There are many differences between this Depression and the last (inflationary rather than deflationary, little manufacturing, far less savings, far more debt, and a massive welfare state already in place) just as there are differences in how information is delivered to the people. If Obama is successful in shutting the down the internet to his liking, then we might have some trouble.

So we’re agreed: Obama’s a socialist.

gwelf on May 7, 2009 at 3:05 PM

No. Obama can reach across the isle and bring different ideologies together to work in harmony for a greater good that surpasses…uh..um…ideology. He’s a socialist/fascist.

The only way Obama loses in 2012 is if things are really, really bad. Great depression-level unemployment plus hyperinflation bad -not the recessionary discomfort we are dealing with today.

djm1992 on May 7, 2009 at 2:42 PM

FDR never managed to fix “depression-level unemployment” and got himself reelected three times. He was very good at taking money from a few people and giving it to specific voting blocs.

I think the greatest possible good that will come out of this is IF corporations realize that the government is not a revenue stream and that if you take their money they will bend you over. It’s unfortunate that some companies were forced to take TARP funds but hopefully this will also build up resolve in the market to be as separate from government as possible.

Anyone who takes the tax payers money should not complain when the government wants some changes in the company. If it wasn’t for the government majority of these company’s would have gone under

nice343 on May 7, 2009 at 1:02 PM

So we’re agreed: Obama’s a socialist.

So not that big a deal to me.

Alana on May 7, 2009 at 2:43 PM

Unless you’re the syrup company who would be prohibited from commerce in those states should the suggestion become legislation. As long as it is a corporate decision, there’s no issue.

Fortunately, there is this thing called the Commerce Clause, and then there’s the ICC.

When are these CEO’s going to grow themselves a pair and start saying “no”? Like any bully, 0’s crowd will back down if all of these banks (and auto companies, hedge funds, etc) decide they’ve had enough and stand up for a change.

iurockhead on May 7, 2009 at 2:14 PM

I’ve wondered this too, and now I wonder….how many threats have gone out, and how many are not speaking out, because of threats? Fear mongering publicly, is the going thing. It wouldn’t be so far out, to believe that this fear mongering goes on, in a vast way…privately!

The only way Obama loses in 2012 is if things are really, really bad. Great depression-level unemployment plus hyperinflation bad…

You can take that to the bank count on it.

dailynews@omegaletter.com

Glenn Beck made a statement on his show last night that Scmuckie Shumer made a statement about controlling what kind of syrup IHOP could provide to use on your pancakes!

mwdiver on May 7, 2009 at 2:29 PM

I looked that up. Vermont IHOP’s only use Vermont syrup, so Schumer suggested that New York IHOP’s only use NY syrup.

So not that big a deal to me.

I am not so sure this guy will get elected again. I heard that ACORN is getting into trouble in more and more states for bogus registrations. Take away the idiot elites who got hung out to dry and the drug addicts and Obama might not have enough to votes to win again.

Terrye on May 7, 2009 at 1:20 PM

I pray that he will not get elected again but with the number of mindless libs in this country plus a clearly in the tank msm, it will be an up hill battle. Oh, and add to that no clear republican leader.

txag92 on May 7, 2009 at 1:25 PM

The only way Obama loses in 2012 is if things are really, really bad. Great depression-level unemployment plus hyperinflation bad -not the recessionary discomfort we are dealing with today. The overwhelming bulk of the MSM has an addiction to issues of racial eqality and “justice,” plus an unending hatred of anything politically conservative, and Obama is everything they have hoped for and dreamed of in a politician -a powerful, charismatic, black liberal activist who will show America once and for all that conservative, limited government sucks and liberal progressive activist big government rocks, is totally cool, and is the only option for America’s future. They will not let him be labeled a failure. They will not let him lose re-election. Throw in help from a likewise enthused Hollywood and other cultural elites, and the task of defeating him becomes almost impossible.

The only way he loses is if economic conditions here are so bad, that no ammount of cheerleading from the MSM and Hollywood can shield him from the blame.

nice:

So, does that mean that if you are on social security or getting medicare that the government should be able to tell you what kind of house you can live in?…………
Terrye on May 7, 2009 at 1:12 PM

It’s coming. Oh, and they’ll want to tell you what you can eat, drink, how much excercise you must get, and what you can watch on TV. And when you can watch it. Soon personal decisions will be a thing of the past, and we can all rest comfortably in our 0bamian utopia. Like a big hammock, only pricklier.

iurockhead on May 7, 2009 at 2:06 PM

On the Obama campaign website, plans were laid out for the “volunteerism.” Seniors, it said, would get special perks, in health insurance and housing, if they “volunteered” for service.

Course, you’d have to be pretty healthy in the first place to do the service they had in mind. Those who aren’t, well, they can just do with less health insurance and housing and die sooner – problem solved. Everybody remaining would be serving the Obama government.