Obama on the current government bailout problem

[2010bigleo]

how could anyone say obama sucks? he has been here for 1 year god dammit, you motherfukers havent even had dessert yet, hold on

[romiios]

I told u guys. Obama sucks.

[medartist01]

The fact that the Republicans hate this country so much, that they refuse to join the President in his legislation, is illustrated by the absolute contempt they have for their own constituents. No votes for TARP. None. These Republicans care only for the cash they can steal from the middleclass, whose wages have plunged under Republican rule for 8 years. Benefits down. Economy down. Foreign policy as fiasco. Auto industry down. Military broken. Infrastructure a mess. Health care broken. OMG.

[THEBEASTOFOLD]

Who do U think has been spending all of this cash?You forget that the Dem's have had control of congress since all of this started and that they are the ones who wrote all of the bailout bills. Remember the Reps bitching because they were not allowed into the meetings while those bills were written?Since Oct 08 they have spent $13.5+ trillion on just bailouts,the Dem's have pushed and written every one of those bills.That's more money than has been spent on both wars since the start, combined.

[medartist01]

And U are in a different reality, beastfold. The Dem's HAVE HAD NO CONTROL OF CONGRESS since this all started, you moron. They DO have a slim majority, which means zero in terms of getting bills passed, thanks to GOP filibusters in the Senate, and the Bush vetoes, beginning in late 2006. (Before that, you guys got EVERYTHING you wanted, thanks to playing the patriotism card). Tax cuts, huge borrow and spend. You've already forgot what McCain said of the Dem congress? A DO-nothing Congress.

[medartist01]

It was a DO-NOTHING Congress, because the Republicans, back in 2006 began to stop legislation from going to the floor. It's called filibuster. What's more, Bush didn't veto one bill in his FIRST 6 YEARS of office. A record. Not until the Dems took a slim majority, than Bush began vetoing EVERYTHING. It became a CANT DO ANYTHING Congress because of the Republicans. What's more, it was Bush who pleaded for the BAILOUT. A GOP Paulson/Bernake who pushed for the BAILOUTS. Not the Dems, you liar.

[medartist01]

So, stop lying. Stop trying to REWRITE RECENT HISTORY. You loser Republicans screwed the economy on YOUR WATCH. It was Sen. Gramm who was successful in his Gramm-Leach-Bliley Act that killed Glass-Stealey and married the banks to the investment houses, and created this unregulated debacle of Las Vegas Gambing with our savings. It was you GOP CEOs that tossed out conservative rules to play fast and lose with our cash. You screwed us on 9/11 by not keeping us safe, and you did it again last yr.

[medartist01]

The DEMs did NOT WRITE EVERY BAILOUT BILL, you incredible liar. What a bunch of BS. What kind of idiots do you think we are to listen to such lying? The FIRST BAILOUT was written by your GOP FED CHIEF, Bernacke. It was Bernacke, with Paulson, last September told Congress that they COULD NOT WAIT to have Congress get involved, because THE FINANCIAL CRISIS WAS TOO SEVERE. And by an executive action, the FED ACTED ALONE to use its cash, and have Congress OK a 1-pager, to let Paulson use it.

[medartist01]

NOT ONE REPUBLICAN voted for the stimulus bill in the House, and in the Senate, the GOP wants more tax cuts for the rich. Minority leader Boehner was actually HAPPY that he stopped the legislation that could help the American people. His concern, tax cuts for the wealthy, and, to stop putting money back into the US infrastructure that the Republicans removed during 8 years of Bush. Boehner and the GOP want to keep the US starved of jobs, keep the troops dying in Iraq, and keep the CEOs rich.

[medartist01]

But you REPUBLICANS don't give a damn, unless you get more tax cuts. You CREATE THIS ECONOMIC FIASCO, and then after you BORROW AND SPEND this nation into a pseudo-depression, you chuck the entire mess to the next President. And then, if the train-wreck can get any worse, you OPPOSE HIM and slow-walk his plans to FIX THE MESS YOU CREATED by OBSTRUCTING his legislation. I hope that during the mid-term elections, the electorate removes all you obstructionist GOP-hacks from office. Evil GOP.

[kswatcher]

Talk is cheap. Just keep on drinking that kool aid. You'll never know what hit you at the end.

[MarijuanaTV]

There goes our economy. All the way down.

A Progressive America will turn into a Liberal America. A Liberal America is a Socialist America.

Get your bags packed, America will fall if more bailout packages go out. Our dollar will be worth a penny of what it is now.

This just shows our America has turned the elections into a Popularity Contest, with "Obama Girl" dancing half naked and the fact that he's black has ruined our elections.

Here I come, Europe!

[medartist01]

Man, are you dense.

Obama INHERITED the Bush Economic Fiasco. Just today, AP reports that Bush/Paulson OVERPAID the banks in the bailout under his watch by almost $80 billion. With a B. That's just the conservative estimate. And we don't even know who got the cash. Man, you REPUBLICANS are TERRORISTS when it comes to this nation. Screwed us in Iraq, screwed us at home. Get the fuck out of government and let Obama TRY to fix the MESS YOU LEFT HIM without OBSTRUCTING him at every level.

[THEBEASTOFOLD]

That's right. Let him fuck it up worse than it already is. Yeah go Obama!

It's incredible to me that anyone can be as stupid as you clearly are and yet still have enough brain power to post such clueless,mindless and uninformed shit as this!

[SigalaSigala]

After the stock market crash in '29, the stock market rebounded 6 months later. It was liberal Democrap polices that prolonged it for several years. Now with the same liberal Democrap policies, we are doomed to repeat the past mistakes.

History proves that the only thing we learn from the past is that we DON'T learn from the past.

[oilhammer04]

It must be nice to have the power to print money to pay for things. The government is printing money to pay for this bailout. That costs the government nothing, but costs citizens in devaluing the value of our money.

[crw662]

exactly it makes no since to fix the countries economic problems by making runaway inflation

[schatzi321]

I think the best thing they can to is lower taxes, cut spending, and don't do anything else. The treat us like babies and that we can't do anything for ourselves, a free country is a strong one. If you leave it up to us we can solve it better than any beaurocrat or government can.

[getalife04]

These companies we are bailing out put themselves in this situation wtf are WE the taxpayers bailing them out for. If you figure that bailout correctly that would mean $286,000 per marriead couple in the US. How about that for a stimulus package. The people would pay off homes, cars, credit cards and yeah some people would just blow it all but that would stimulate the economy. My $1,200 check went to morgage and gas! This is fucking bullshit!

[blacksonville1]

We must pay attention and understand what Obama is really saying. We are officially and socialist economy. No threat to anyone, just a shift in thinking and more sharing. I know its hard for many of you but America must be what she must be. To many of foreigners have their hands in the Black Economy and its time for a centralization of ideals to yield a better future for those on the bottom.

[hogger129]

Fuck Wall Street. Fuck the companies. Let them suffer. Let the economy go to shit.

We the people on Main Street need the bailout. It's our tax dollars that go to bail out these banks and shit. Nobody bails us, the taxpayers, out.

America doesn't need a bailout. America needs hope and a new direction.

[Kold2market]

The BAILOUT does not and will not work.

McCAIN and OBAMA VOTED FOR IT !

The majority of AMERICANS were against it,

and NADER/Gonzalez were AGAINST IT.

So the choice in November is clear:

for the Same Corporate Puppets >VOTE: McCAIN/Obama

for TRUE CHANGE > VOTE: NADER/Gonzalez 2008

[truckinbuzzard]

If you mother fuckers in the government think that you are going to take more of my families money, i guess we are gonna have a problem. Why? Because it is not going to happen.

[truckinbuzzard]

Hey Obama, FUCK YOU!!! When this came up for a vote, what did you do? Did you just vote "present" like you always do, when it's something important. I would spit in your bitch ass face if you were in front of me. Fuck you and all the other cows that are going to follow you right over the cliff.

[sonton89]

obama is retarded. everything he bases his campaign on is dumb. He gives good speeches ya but no experience. I want him to win so when he screws everything up i will laugh. Bush gets a bad image because clinton is a dosent know how to run a country and bush got dumped with the mess.

[trell1298]

you don't know much about politics if you want to say Clinton made the country fall for 8 years. PLZ know what the hell you're talking about if you're gonna make a comment.

[amazingbeauty456]

Bill Clinton was a good speaker and made an Awsome president. He had little experience but people had faith in him. Clinton is smart. That Palin woman who McCain has choosen shows that he has bad judgement to go with his abundance of experience. More experience is not going to help when you have bad judgement.

[amazingbeauty456]

Since we cannot find the money that was stolen soon enough, go on with the bailout. Make the arrests (ha, ha, ha) so Bush can pardon them when he leaves office. I am outraged but what can we do. Pray we get our money back. And they want to privatage social securtiy so they can ruin it also. This administration has failed but I think we are going to have to bail them out since we were not regulating them to see which CEO stole the money.

[netcisco]

Your pathetic, the current financial crisis has everything to do with a bill that was passed back in 1992 regarding racism and home loans. Back in the 90's Clinton was warned (by some house Republican's no less) that the situation could go south because we are lending money to people that can't afford homes.  Enter Barney Frank, Obama and other Democrats that blocked legislation proposed by Republican's back in 2005 to reform Fannie and Freddie. Sorry to say, your Democratic friends put us here

[amazingbeauty456]

Thank you for calling me pathetic, that's just like a communist, I mean republican, they think they are better than most because they have hijacked the office of the presidency every since they stole the vote in my state, Florida with the help of Ms. Harris. I was thinking of dignifying you with an appropriate answer but you are not worth my time. Keep up the name calling though to people you have never saw in your life you will continue to be a good republican.

[netcisco]

amazing, how about replying to the point I made. The Dem's are just as much, or more, to blame for this financial crisis. Do a search on You Tube for Barney Frank along with Freddie and Fannie and you will find a video with him saying that Fannie and Freddie are fine, there is no need to reform the mortgage industry. The reform that some Republicans wanted to push through was blocked by your Democrat buddies in Congress.

[a1mint]

Obama's concerns were incorporated.

That they have strong oversight in what happens.

That tax payers get to share in market gains.

That home owners get relief, rework mortgages at foreclosures.

That tax money is not used for golden parachutes.

Obama will review the language, which he is quite capable of, given with his Harvard Cum Laude law degree.

[netcisco]

You forgot to mention all the experience he had dealing with corruption in Illinois and his experience as a community organizer... (presented with major sarcasm)

[a1mint]

lol

[VINNYMOR]

The government is not "asking the taxpayer to share in the cost" government only demands with threats of force. When they stick it to you, try opting out. What bullshit language.

[Vacationtime247]

Everyone remember, Iraq?

Perhaps we should reconsider this one as well.

Why the sudden IMMEDIATE urgency to fund this $700 BILLION bailout?

40 Days left tell election, soon Bush's term will be over.

Better pass a $700 Billion 'package' as a going away present huh?

[netcisco]

I agree, I am very pissed at Bush for allowing our fiscal responsibilities to go by the wayside. The reform on the mortgage industry should've happened back in the 90's. But remember, the Dem's are the one's pushing this bill (with some Republican's). This is a great opportunity for the Dem's to socialize the mortgage industry and our financial system, if you are into socialism and the government owning your property.

[ljrahn]

Obama is a joke. I wonder how long it took David Axelrod to write that speach for him. The credit crisis is the direct result of liberal policies under Clinton that required lenders to give loans to people who couldn't pay them back. Democrats have been using Fannie Mae and Freddie Mac as their personal piggy bank for years. Obama's campaign is up to its elbows in former Fannie Mae executives and lobbyists and the media is completely silent about it. This is the biggest coverup in history.

[Director4u2c]

The biggest joke is you Lj. The republicans in congress under clinton came up with that nice little tid bit you just tried to use so that more people would be washing cash into the banking system so that more of your republican friends can pocket more of your money. So this is the second time republicans have been involved in ROBBING the store from the inside. Like they always do, they get a pass since you people love to get robbed in the first place by voting for them. You get what you vote for

[DaveFLBrn]

Thank you for posting this. Why do people want McPain in again? lol

[netcisco]

Your right, there were some Replicans involved with the Freddie and Fannie loan push. But how easily you forget that Obama, Frank, Dodd and other Dem's are at the top of the list when it comes to financing thier campaigns with Fannie and Freddies money. The Dems are the ones that passed the racism bill back in 92. In my opinion, most politicians are corrupt, they rob us of our tax dollars, nobody disagrees with you on that.. but let's look at the whole picture.

[tmh2939]

ljrahn, you are 100% correct. Research the Community Reinvestment Act if you don't believe him. Those calling for reigning in of Fannie/Freddie were called a racists. Banks were threatened with law suits if they didn't loan to low and lower-middle income borrowers who had no down payments and little ability to repay, food stamps and unemployment were to be considered sources of income. Several Democrats in Congress should be investigated by the FBI too, including Frank and Dodd.

[Director4u2c]

You must not live in the US. There are more POOR WHITES than any other demographic you dumb ass. If this was about poor blacks or poor hispanics or poor asians there wouldnt be this panic to bail anyone out let alone banks that loaned that money out in the first place. So get your shit straight dumb ass.

[netcisco]

Mr. D (nice how you decide not to post some of my replies). The racism bill that was passed back in the early 90's affected mortgages for all poor people, not just Hispanics and blacks. It basically came out and said that everyone in the US is entitled to own a home, then they pushed banks to borrow money to people that couldn't afford it. Looks like you need to be the one that does more research.

[TrueNovice]

McCain took bribes, er contributions, from the bail out banksters over his long parasitical career as a DC insider. Barry Oreo is going along with the bailout. Why am I not surprised? Maybe Lipstick Palin is right, only Jesus can save you now.

[NotOfThisGalaxy]

"A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world - no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men." - Woodrow Wilson NATIONALIZE THE FED!

[NotOfThisGalaxy]

There is ONLY ONE solution. . .

NATIONALIZE THE FEDERAL RESERVE!

Seize their assets! Arrest the criminals!

NATIONALIZE THE FEDERAL RESERVE CARTEL!

Google: Executive Order 11110 JFK

NATIONALIZE THE FEDERAL RESERVE AND ALL IT'S MEMBER BANKS.

Stop allowing the Federal Reserve private banking cartel to counterfeit the nation's money.

THE FEDERAL RESERVE ACT OF 1913 WAS THE CRIME OF THE CENTURY!

[coupenasty]

The Banks and Lenders are holding thousands of foreclosed homes. If they recieve the "rescue" money from the government, those forclosed homes should be returned to the previous owners free of debt as well. Doing this may cut the motgages and property taxes in half. That could be fair for everyone.

[chrisrea1]

Vote no on bailout

[awesomenize1]

I don't believe this shiz at all the should just bail out some of the most important companies and leave the rest to the wolves this is rediculus and we are going to pay for it big time in the future

[tmh2939]

Instead of bailing out Wall Street, why not take the 700 Billion and give it to every lower and middle income family. They payoff or paydown their mortgages, student loans, credit cards, or car loans. That instantly stops the foreclosures and then use any extra left over or the money going toward debt payments to save for retirement or invest.

[jshafer817]

Both the dems and the repubs had ample time to see this coming and do something about it. Any american who just cant see this, is a fool.

[wulfgang66]

Maybe now, in the 11th hour, some will finally drop the MSM koolaid and take a good hard look at what Ron Paul has been saying for years now.

Had we listened we wouldn't be in this mess.

What a crying shame we didn't...

[qzg1265]

If this does not teach all of you a lesson of what our two parties stand for God help us all. America we have a decision to make. Do we continue to fall for this scam of a two party system or do we finally embrace a true Independent like Ron Paul and put together a strong coalition of multiple Independents and get these Cowards and liars out of washington?

[ctdst]

Did you read about that fucker that was a CEO of one of the big New York banks that went under (can't remember which, there is a lot)? After his retirement he paid himself 160 million bucks. Now we get to bail out these fuckers as they "retire" with more money than most can even spend and save the world economy. Thanks Bush, thanks Investment greedy bank fucks. Lehman Bros were an underwriter for my pension trust. Bet that's gone now. OBAMA 2008!!!!

[bamboobaby2003]

regulations? what a concept. we are in this mess because bush lowered the interest rates, period. what an idiot, he's sent us into another depression.

AFDC= aid for dependent corporations. and we're left with the debt.

where is this money coming from? our childern's children's children?