REAL WORLD EVENT DISCUSSIONS

Cheatin' Geithner now caught in ANOTHER lie! Re: A.I.G. bonuses

POSTED BY: AURAPTOR
UPDATED: Saturday, March 21, 2009 01:25
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Thursday, March 19, 2009 11:11 AM

AURAPTOR

America loves a winner!


CNN) — Treasury Secretary Timothy Geithner told CNN Thursday his department asked Sen. Chris Dodd to include a loophole in the stimulus bill that allowed bailed-out insurance giant American International Group to keep its bonuses.

In an interview with CNN's Ali Velshi, Geithner said the Treasury Department was particularly concerned the government would face lawsuits if bonus contracts were breached.

Dodd admitted to CNN Thursday he'd added the controversial provision after a Treasury official pushed for it. Earlier in the week, Dodd had said he had not played any role in the addition of the loophole.

Geithner told Velshi Thursday he takes full responsibility for the situation.

Also in the interview, airing in part at 5 pm ET on CNN, Geithner said:


- He does not believe TARP or the stimulus bill was rushed through Congress

- Calls for resignation are part of the job

-Officials will make sure that any further money comes with provisions (including executive compensation)

-His team will have a detailed plan for the banks w/in the next couple of weeks

-The recession will likely end in 2009, and 2010 will be a year of growth



( I swear, Geithner looks all the world like a Dark Elf. )

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Thursday, March 19, 2009 11:25 AM

WHOZIT


Dodd also got ALOT of money from AIG, he should have to quit too. Rush Limbaugh had a good observation today, alot of AIG employes gave money to Barry's campain, he wondered if they were happy now?

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Thursday, March 19, 2009 11:31 AM

RUE

I have a vote and I'm not afraid to use it!


"... alot (sic) of AIG employes (sic) gave money to Barry's campain (sic) ..."

Were they the Londoners who were in the AIG Financial Products Corp (AIGFP) and who are the ones getting the bonuses ? Weird how those Britishers would give to a US campaign, eh ?

***************************************************************

Silence is consent.

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Thursday, March 19, 2009 1:01 PM

RUE

I have a vote and I'm not afraid to use it!


Oh, let's just unbury this little gem ...

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Thursday, March 19, 2009 1:12 PM

AURAPTOR

America loves a winner!


Quote:

Originally posted by rue:
Oh, let's just unbury this little gem ...

***************************************************************

Silence is consent.




Generally such post are accompanied w/ .........something.

The U.S. economy WAS on fire under Bush, for 6 years. Until the Democrats took control of Congress. It's been all down hill since then.

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Thursday, March 19, 2009 1:13 PM

WHOZIT


Quote:

Originally posted by rue:
"... alot (sic) of AIG employes (sic) gave money to Barry's campain (sic) ..."

Were they the Londoners who were in the AIG Financial Products Corp (AIGFP) and who are the ones getting the bonuses ? Weird how those Britishers would give to a US campaign, eh ?

***************************************************************

Silence is consent.

Yes it was the Londoners, GOD YOU'RE BRILLIANT!

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Thursday, March 19, 2009 1:17 PM

AURAPTOR

America loves a winner!


Quote:

Bill of Attainder

Definition: A legislative act that singles out an individual or group for punishment without a trial.

The Constitution of the United States, Article I, Section 9, paragraph 3 provides that: "No Bill of Attainder or ex post facto Law will be passed."

"The Bill of Attainder Clause was intended not as a narrow, technical (and therefore soon to be outmoded) prohibition, but rather as an implementation of the separation of powers, a general safeguard against legislative exercise of the judicial function or more simply - trial by legislature." U.S. v. Brown, 381 U.S. 437, 440 (1965).

"These clauses of the Constitution are not of the broad, general nature of the Due Process Clause, but refer to rather precise legal terms which had a meaning under English law at the time the Constitution was adopted. A bill of attainder was a legislative act that singled out one or more persons and imposed punishment on them, without benefit of trial. Such actions were regarded as odious by the framers of the Constitution because it was the traditional role of a court, judging an individual case, to impose punishment." William H. Rehnquist, The Supreme Court, page 166.

"Bills of attainder, ex post facto laws, and laws impairing the obligations of contracts, are contrary to the first principles of the social compact, and to every principle of sound legislation. ... The sober people of America are weary of the fluctuating policy which has directed the public councils. They have seen with regret and indignation that sudden changes and legislative interferences, in cases affecting personal rights, become jobs in the hands of enterprising and influential speculators, and snares to the more-industrious and less-informed part of the community." James Madison, Federalist Number 44, 1788.




Let the bastards just TRY to sign this into law.

The U.S. economy WAS on fire under Bush, for 6 years. Until the Democrats took control of Congress. It's been all down hill since then.

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Thursday, March 19, 2009 1:23 PM

RUE

I have a vote and I'm not afraid to use it!


"Generally such post (sic) are accompanied w/ .........something."

"Yes it was the Londoners ..."

Even Zit gets it, woofer. Accusing Obama of being influenced to do something for a LONDON group due to donations from AMERICANS. Doesn't that seem just a little ---- stupid ? All things considered, given your doggy mind of course.

***************************************************************

Silence is consent.

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Thursday, March 19, 2009 1:26 PM

RUE

I have a vote and I'm not afraid to use it!


Oh dear shiva, woofer -

No one is passing a law to criminalize the bonuses.



***************************************************************

Stop barking ! QUIET !

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Thursday, March 19, 2009 1:30 PM

RUE

I have a vote and I'm not afraid to use it!


"The U.S. economy WAS on fire under Bush, for 6 years."

Well, except for the two years after Clinton. And the dip during the middle of those four years. And not counting the soaring government and private debt climbing for the whole time, or low consumer confidence since 2002 ... and also except for Enron and other large failures during the meantime, the ever widening balance of trade gap ...

***************************************************************

Don't eat the cat poop ! BAD DOG !

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Thursday, March 19, 2009 1:46 PM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


Ah, yes... The old "contractual obligation" bit...

Tell me, 'Rap - can't contracts be renegotiated? I think they can. Seems to me that just last year, and even some more THIS year, the UAW has undergone negotiations to THEIR contracts. Remember, under their contracts they get raises and bonuses, too.

Contracts are renegotiated all the time. Seems easy enough to do it with AIG. Hell, if nothing else, since many of the bonuses were "retention bonuses" paid to keep these people from leaving AIG and going elsewhere, and they've already left and gone elsewhere, then they're technically in breach of contract, and due no bonus anyway. Right?

Just a few things to ponder...

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Thursday, March 19, 2009 2:04 PM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


Also, all that having been said, I do think it's about time for Geithner to be gone. And maybe they can pack Dodd out the door with him.

Sorry, but I'm more than just a bit disgusted by this whole charade...

Mike

A baby seal walks into a club...



The "On Fire" Economy -
The Dow closed at 10,587.60 on January 20, 2001, the day GW Bush took office. Eight years later, it closed below 8000 on the day he left office - a net loss of 25%. That's what conservatives call an economic "success".

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Thursday, March 19, 2009 2:13 PM

AURAPTOR

America loves a winner!


rue, stop the childish stalking through each and ever gorram thread.

I'm content w/ kicking your ass once, over the same issue. There's no need for me to do it multiple times, is there ?

The U.S. economy WAS on fire under Bush, for 6 years. Until the Democrats took control of Congress. It's been all down hill since then.

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Thursday, March 19, 2009 2:16 PM

RUE

I have a vote and I'm not afraid to use it!


"The Washington Post: “Federal Reserve officials knew for months about bonuses at American International Group but failed to tell the Obama administration, according to government and company officials, exposing problems in a relationship that is vital to addressing the financial crisis… AIG executives said the Fed was informed three months ago by the company that it would pay $165 million by March 15 to employees working at its most troubled division. The Treasury and White House said they learned of the payments from Fed officials only days before they were due.“"

Geithner - not being part of the Fed but of Treasury - was not in the loop. Further, deals may have been cut during Bush's term - where 1.5 to 7 TRILLION dollars went off to industry off the books - about which there is no information.

This is part of the repubican plan - make democrats look bad for repubican failures.

I say, give democrats a chance to set this right - at least 8 years. After all, it took that long to get here.

***************************************************************

Silence is consent.

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Thursday, March 19, 2009 2:16 PM

AURAPTOR

America loves a winner!


The Gov't worked this deal, and Dodd ( who lied, btw, when asked who it was who it was that directed him to craft the bit on the bonuses )knew damn well what he was doing. So did the Treasury. So, why then the need to rework the deal ? Because the public now knows what all parties knew in advance, that million dollar bonuses would be given anyways??


Yeah.

The U.S. economy WAS on fire under Bush, for 6 years. Until the Democrats took control of Congress. It's been all down hill since then.

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Thursday, March 19, 2009 2:17 PM

RUE

I have a vote and I'm not afraid to use it!


Quote:

Originally posted by AURaptor:
rue, stop the childish stalking through each and ever gorram thread.

I'm content w/ kicking your ass once, over the same issue. There's no need for me to do it multiple times, is there ?

The U.S. economy WAS on fire under Bush, for 6 years. Until the Democrats took control of Congress. It's been all down hill since then.



It's my new tag-line when I reply to you. Why, don't you like it ?

***************************************************************

"The U.S. economy WAS on fire under Bush, for 6 years."

Well, except for the two years after Clinton. And the dip during the middle of those four years. And not counting the soaring government and private debt climbing for the whole time, or low consumer confidence since 2002 ... and also except for Enron and other large failures during the meantime, the ever widening balance of trade gap ...

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Thursday, March 19, 2009 2:25 PM

RUE

I have a vote and I'm not afraid to use it!


"The Washington Post: “Federal Reserve officials knew for months about bonuses at American International Group but failed to tell the Obama administration, according to government and company officials, exposing problems in a relationship that is vital to addressing the financial crisis… AIG executives said the Fed was informed three months ago by the company that it would pay $165 million by March 15 to employees working at its most troubled division. The Treasury and White House said they learned of the payments from Fed officials only days before they were due.“"

Geithner - not being part of the Fed but of Treasury - was not in the loop. Further, deals may have been cut during Bush's term - where 1.5 to 7 TRILLION dollars went off to industry off the books - and about which there is no information.

This is part of the repubican plan - make democrats look bad for repubican failures.

I say, give democrats a chance to set this right - at least 8 years. After all, it took that long to get here.


***************************************************************

Silence is consent.

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Thursday, March 19, 2009 2:43 PM

BIGDAMNNOBODY


Spin Rue, spin.
You haven't a partisan bone in your body do you?

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Thursday, March 19, 2009 2:47 PM

RUE

I have a vote and I'm not afraid to use it!


And you ?

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Thursday, March 19, 2009 2:47 PM

RUE

I have a vote and I'm not afraid to use it!


"The Washington Post: “Federal Reserve officials knew for months about bonuses at American International Group but failed to tell the Obama administration, according to government and company officials, exposing problems in a relationship that is vital to addressing the financial crisis… AIG executives said the Fed was informed three months ago by the company that it would pay $165 million by March 15 to employees working at its most troubled division. The Treasury and White House said they learned of the payments from Fed officials only days before they were due.“"

Geithner - not being part of the Fed but of Treasury - was not in the loop. Further, deals may have been cut during Bush's term - where 1.5 to 7 TRILLION dollars went off to industry off the books - and about which there is no information.

This is part of the repubican plan - make democrats look bad for repubican failures.

I say, give democrats a chance to set this right - at least 8 years. After all, it took that long to get here.


***************************************************************

Silence is consent.

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Thursday, March 19, 2009 2:48 PM

AURAPTOR

America loves a winner!


Quote:

Geithner - not being part of the Fed but of Treasury - was not in the loop. Further, deals may have been cut during Bush's term - where 1.5 to 7 TRILLION dollars went off to industry off the books - and about which there is no information.



Citation, please.

The U.S. economy WAS on fire under Bush, for 6 years. Until the Democrats took control of Congress. It's been all down hill since then.

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Thursday, March 19, 2009 2:56 PM

BIGDAMNNOBODY


Quote:

Originally posted by rue:
And you ?


Buck stops at Obama, just like Bush.

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Thursday, March 19, 2009 3:01 PM

RUE

I have a vote and I'm not afraid to use it!


Aug 31, 2007
The Federal Reserve “stands ready to take additional actions as needed” to protect the wider economy from the current turmoil in the markets, Ben Bernanke, the body's chairman, said today in a closely-watched speech calculated to calm fraught investors.

September 17, 2008
AIG bailout upsets Republican lawmakers
WASHINGTON (CNN) -- Key Republicans on Capitol Hill blasted the Treasury Department and the Federal Reserve (under Bernacke) on Wednesday for orchestrating an $85 billion bailout of insurance giant American International Group, and the White House for not informing them of the plan.


November 18, 2008
Bernanke, Paulson Defend New Bailout Strategy
One week after the Bush administration changed the focus of the $700 billion rescue plan for Wall Street, Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson defended the new strategy Tuesday when they testified before House members.


"The U.S. economy WAS on fire under Bush, for 6 years."

Well, except for the two years after Clinton. And the dip during the middle of those four years. And not counting the soaring government and private debt climbing for the whole time, or low consumer confidence since 2002 ... and also except for Enron and other large failures during the meantime, the ever widening balance of trade gap ...


***************************************************************

Sit !

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Thursday, March 19, 2009 3:05 PM

RUE

I have a vote and I'm not afraid to use it!


"Buck stops at Obama, just like Bush."

So Bush gets the blame for 9/11 - right ? For the stock market closing lower when he left than when he came in - right ? For 1.5 TRILLION in government debt - right ? For letting bin Laden get away - right ? For attacking Iraq when there was no WMD threat - right ?

EVERYTHING that went wrong under Bush's watch is his fault - right ?

***************************************************************

C'mon ! Now's the time to show us all how non-partisan you are !


I'll be waiting ...

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Thursday, March 19, 2009 3:18 PM

AURAPTOR

America loves a winner!


There was no 'dip' in the middle of those 4 years. From March 2003 (7740) , to October 2007(14,093) , the Dow enjoyed a steady increase. A year after the Dems took control of Congress, the Dow began it's uneasy slide until it finally nose dove, to where we are today.

Un cited "examples" of Bush's wrong doing doesn't in the least get Obama or Geithner off the hook.

Do better, or don't even bother at all.

The U.S. economy WAS on fire under Bush, for 6 years. Until the Democrats took control of Congress. It's been all down hill since then.

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Thursday, March 19, 2009 3:20 PM

BIGDAMNNOBODY


Quote:

Originally posted by rue:
"Buck stops at Obama, just like Bush."

So Bush gets the blame for 9/11 - right ? For the stock market closing lower when he left than when he came in - right ? For 1.5 TRILLION in government debt - right ? For letting bin Laden get away - right ? For attacking Iraq when there was no WMD threat - right ?

EVERYTHING that went wrong under Bush's watch is his fault - right ?


Well according to you, they were. But nothing could ever be Obama's fault right? You are not just spinning for your 'man' like you accuse other's of doing, right?

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Thursday, March 19, 2009 3:20 PM

SIGNYM

I believe in solving problems, not sharing them.


Nahh... because everybody knows that BDN, Crapo, sock-puppet and Geezer insist on ONE set of rules for the Repugs and a different set for the Dems.

Get it???

Everybody knows????

It's Rapo's new phrase! I'm test-driving it right now!

---------------------------------
It's the end of the world as we know it, and I feel fine.

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Thursday, March 19, 2009 3:21 PM

BIGDAMNNOBODY


Not so comfortable now that the shoe's on the other foot, huh?

Edit: At least Obama's detractors have come up with more 'meaty' topics than the countless "Bush said something stupid" threads we all had to endure.

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Thursday, March 19, 2009 3:27 PM

AURAPTOR

America loves a winner!


U.S. Unemployment.

Mar-2003 5.9%
Apr-2003 6.0%
May-2003 6.1%
Jun-2003 6.3%
Jul-2003 6.2%
Aug-2003 6.1%
Sep-2003 6.1%
Oct-2003 6.0%
Dec-2003 5.7%
Jan-2004 5.7%
Feb-2004 5.6%
Mar-2004 5.8%
Apr-2004 5.6%
May-2004 5.6%
Jun-2004 5.6%
Jul-2004 5.5%
Aug-2004 5.4%
Sep-2004 5.4%
Oct-2004 5.5%
Nov-2004 5.4%
Dec-2004 5.4%
Jan-2005 5.2%
Feb-2005 5.4%
Mar-2005 5.2%
Apr-2005 5.2%
May-2005 5.1%
Jun-2005 5.1%
Jul-2005 5.0%
Aug-2005 4.9%
Sep-2005 5.0%
Oct-2005 5.0%
Nov-2005 5.0%
Dec-2005 4.8%
Jan-2006 4.7%
Feb-2006 4.8%
Mar-2006 4.7%
Apr-2006 4.7%
May-2006 4.7%
Jun-2006 4.6%
Jul-2006 4.7%
Aug-2006 4.7%
Sep-2006 4.5%
Oct-2006 4.4%
Nov-2006 4.5%
Dec-2006 4.4%
Jan-2007 4.6%
Feb-2007 4.5%
Mar-2007 4.4%
Apr-2007 4.5%
May-2007 4.5%
Jun-2007 4.6%
Jul-2007 4.7%
Aug-2007 4.7%
Sep-2007 4.7%
Oct-2007 4.8%
http://www.data360.org/dsg.aspx?Data_Set_Group_Id=248

( that's what is commonly referred to as a 'citation' ).

The U.S. economy WAS on fire under Bush, for 6 years. Until the Democrats took control of Congress. It's been all down hill since then.

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Thursday, March 19, 2009 4:04 PM

GEEZER

Keep the Shiny side up


Quote:

Originally posted by SignyM:
Nahh... because everybody knows that BDN, Crapo, sock-puppet and Geezer insist on ONE set of rules for the Repugs and a different set for the Dems.

Get it???



Ah. Here's SignyM masterdebating by putting words in others mouths and then being offended by them.

"Keep the Shiny side up"

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Thursday, March 19, 2009 4:47 PM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


Quote:

Originally posted by Geezer:
Quote:

Originally posted by SignyM:
Nahh... because everybody knows that BDN, Crapo, sock-puppet and Geezer insist on ONE set of rules for the Repugs and a different set for the Dems.

Get it???



Ah. Here's SignyM masterdebating by putting words in others mouths and then being offended by them.

"Keep the Shiny side up"



Aren't you doing the same, by saying that she's "offended"?

Mike

A baby seal walks into a club...



The "On Fire" Economy -
The Dow closed at 10,587.60 on January 20, 2001, the day GW Bush took office. Eight years later, it closed below 8000 on the day he left office - a net loss of 25%. That's what conservatives call an economic "success".

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Thursday, March 19, 2009 10:48 PM

FREMDFIRMA


And so Geezers mask of logic and reason finally begins to tear at the edges too...

-F

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Friday, March 20, 2009 1:28 AM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


Quote:

Originally posted by Fremdfirma:
And so Geezers mask of logic and reason finally begins to tear at the edges too...

-F



Yup, I noticed that. He's starting to behave like AuLapdog, getting snippy with his "Fuck off!" replies and such.

Kinda makes me wonder whose sockpuppet HE is...

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Friday, March 20, 2009 1:29 AM

RIPWASH


Quote:

Originally posted by rue:
"Buck stops at Obama, just like Bush."

So Bush gets the blame for 9/11 - right ? For the stock market closing lower when he left than when he came in - right ? For 1.5 TRILLION in government debt - right ? For letting bin Laden get away - right ? For attacking Iraq when there was no WMD threat - right ?

EVERYTHING that went wrong under Bush's watch is his fault - right ?

***************************************************************

C'mon ! Now's the time to show us all how non-partisan you are !


I'll be waiting ...



Rue, if you're honest with yourself I think you know what he was trying to say. That Bush got blamed for an awful lot of stuff. Some of it was not warranted at all. Didn't matter to anyone, though. He was the President and that was final. The first recession when he took office, HIS FAULT even though it was on the downturn before he took office. Be honest. Was that fair that he was blamed for it?

So it's only "fair" that Obama take responsibility for the current recession and not point fingers of blame. Man up and get the job done. If he's going to say "It's not my fault, Bush started it" (a little immature, I know), it's only natural that the other side is going to say, "OH YEAH? It was YOU guys taking control of Congress two years ago that started the whole thing". NO ONE wants to take the blame for this, but there's probably plenty to go around.

Zoe: "Get it running again."
Mal: "Yeah"
Zoe: "So not running now"
Mal: "Not so much"
- Out of Gas

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Friday, March 20, 2009 1:38 AM

GEEZER

Keep the Shiny side up


I was gonna weigh in on the AIG issue, but then found this column, which expresses my point of view pretty well.

http://business.theatlantic.com/2009/03/management_by_headline.php

I would aslo note I think legislation to punatively tax bonuses that the government doesn't like is a bad precedent.

"Keep the Shiny side up"

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Friday, March 20, 2009 4:00 AM

SIGNYM

I believe in solving problems, not sharing them.


Quote:

Rue, if you're honest with yourself I think you know what he was trying to say. That Bush got blamed for an awful lot of stuff. Some of it was not warranted at all. Didn't matter to anyone, though. He was the President and that was final. The first recession when he took office, HIS FAULT even though it was on the downturn before he took office. Be honest. Was that fair that he was blamed for it?
Rip, if you're honest with yourself you'll see that's not what RAPO says. What RAPO says is that the recession early on in Bush's term was Clintons' fault, that Bush gets the credit for the "on-fire" economy, that Dems take the blame for not reining in Fannie and Friddie (altho they weren't in power) and that Obama was responsible for the drop in the economy that took place at the end of Bush's term.

If Rapo said what YOU said, he wouldn't be catching a ration of sh*t. You're reasonable. He's not.


---------------------------------
It's the end of the world as we know it, and I feel fine.

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Friday, March 20, 2009 4:14 AM

RIPWASH


Quote:

Originally posted by SignyM:
Quote:

Rue, if you're honest with yourself I think you know what he was trying to say. That Bush got blamed for an awful lot of stuff. Some of it was not warranted at all. Didn't matter to anyone, though. He was the President and that was final. The first recession when he took office, HIS FAULT even though it was on the downturn before he took office. Be honest. Was that fair that he was blamed for it?
Rip, if you're honest with yourself you'll see that's not what RAPO says. What RAPO says is that the recession early on in Bush's term was Clintons' fault, that Bush gets the credit for the "on-fire" economy, that Dems take the blame for not reining in Fannie and Friddie (altho they weren't in power) and that Obama was responsible for the drop in the economy that took place at the end of Bush's term.



I was taking issue more with how Rue was responding, I guess. We can ALL be reasonable if we keep our heads. (Isn't there a Jayne quote about that somehwere? )

I was just re-iterating (perhaps more rationaly that Rap) that to blame the initial economic downturn in the first part of Bush's first term on Bush is unfair because there were indicators that it was on it's way there LONG before he took office. That's all I'm saying. The minute I heard that on the news I thought to myself, "Oh great. And if a Repubican wins the election (2000), I'll bet HE gets blamed for it." And he was. He curbed it a little bit, but the troubles kept happening, though for the most part, the economy stayed stable (in my humble opinion). The dip after the first couple years I attribute to 9/11 and everyone being to scared to do anything. Unemployment was WAY down during a lot of Bush's adminstration . . . which he got zero credit for. Stock market prices soared to record highs at times . . . for which he got zilch recognition. The negative was focused on. That's all I'm saying. Sure the economy started to crumble during his administration. But like I said - Is it COMPLETELY his fault? Probably not. Lots of blame to go around that can be proven on both sides, I'm sure.

Quote:

You're reasonable. He's not.



If that's a compliment . . . I'll take it Gotta take what I can get around here. LOL

Zoe: "Get it running again."
Mal: "Yeah"
Zoe: "So not running now"
Mal: "Not so much"
- Out of Gas

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Friday, March 20, 2009 4:42 AM

SIGNYM

I believe in solving problems, not sharing them.


Quote:

I was just re-iterating (perhaps more rationaly that Rap) that to blame the initial economic downturn in the first part of Bush's first term on Bush is unfair because there were indicators that it was on it's way there LONG before he took office.
Oh, I absoluitley agree. "The economy" is like a 100-car train... it takes a long time to get it going and a long time to stop it. Which is why the current downturn is the result of Bush's policies.

Now, if you could explain that to Rapo in a way he'll understand we'd ALL breathe a sigh of relief!

---------------------------------
It's the end of the world as we know it, and I feel fine.

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Friday, March 20, 2009 4:57 AM

RIPWASH


Quote:

Originally posted by SignyM:
Quote:

I was just re-iterating (perhaps more rationaly that Rap) that to blame the initial economic downturn in the first part of Bush's first term on Bush is unfair because there were indicators that it was on it's way there LONG before he took office.
Oh, I absoluitley agree. "The economy" is like a 100-car train... it takes a long time to get it going and a long time to stop it. Which is why the current downturn is the result of Bush's policies.

Now, if you could explain that to Rapo in a way he'll understand we'd ALL breathe a sigh of relief!

---------------------------------
It's the end of the world as we know it, and I feel fine.



I'll go so far as to say this. The President is not the SOLE indicator/owner (whatever - can't think of the right word) of the economy in any period of time . . . up or down. It was not entirely Clinton's fault. Not entirely Bush's fault. But the BLAME or the PRAISE for the economy is given to the President. I don't know if I'm expressing myself clearly or not. There are just WAY too many factors that determine where any economy is going to go. And even those are turned on their ear by the slightest little hiccup in anyone's plans. There are way too many hands in the Economy Pot for the blame to be placed on just one person. That's all I'm saying.

I dare say that I have found it humorous that every time Obama has made a speech about the economy, the stock market takes a plunge. My thought is . . . stop talking and start doing!

I've said it few times, but I'll say it again - There's enough blame to be passed around on both sides.

Zoe: "Get it running again."
Mal: "Yeah"
Zoe: "So not running now"
Mal: "Not so much"
- Out of Gas

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Friday, March 20, 2009 5:05 AM

SIGNYM

I believe in solving problems, not sharing them.


Quote:

I'll go so far as to say this. The President is not the SOLE indicator/owner (whatever - can't think of the right word) of the economy in any period of time . . . up or down. It was not entirely Clinton's fault. Not entirely Bush's fault. But the BLAME or the PRAISE for the economy is given to the President. I don't know if I'm expressing myself clearly or not. There are just WAY too many factors that determine where any economy is going to go. And even those are turned on their ear by the slightest little hiccup in anyone's plans. There are way too many hands in the Economy Pot for the blame to be placed on just one person. That's all I'm saying.
Agreed. Some of the problems go back to Nixon, some are systemic. But the President CAN direct the economy to a large degree.
Quote:

I dare say that I have found it humorous that every time Obama has made a speech about the economy, the stock market takes a plunge. My thought is . . . stop talking and start doing
I have a contrarian viewpoint: The same f*ckers who got us into this mess are the ones determining stock prices. If they think Obama's doing a bad job... he must be doing something right!

---------------------------------
It's the end of the world as we know it, and I feel fine.

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Friday, March 20, 2009 5:16 AM

RUE

I have a vote and I'm not afraid to use it!


"He was the President and that was final. The first recession when he took office, HIS FAULT even though it was on the downturn before he took office. Be honest. Was that fair that he was blamed for it? So it's only "fair" that Obama take responsibility for the current recession and not point fingers of blame."

Well, since BigBM couldn't 'blame' Bush: As long as he's using the same standards for both. I just need to hear BigBM elucidate them - since HE seems to blame Obama for the current economy, HE needs to blame Bush for the dot com downturn - and yes, everything else during his term, from Afghanistan to Zubaydah.

Since he can't seem to wring the words out, I take it he's sunk very deeply into the exact same partisan double standard he criticized. You know - blame one, but excuse the other.

And, BTW - AIG got the trillions of bailout under Bush, starting in 2007 and continuing to right before Obama was sworn in - so that puts it on Bush's scorecard - right ?


***************************************************************

Silence is consent.

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Friday, March 20, 2009 6:09 AM

RIPWASH


Quote:

Since he can't seem to wring the words out, I take it he's sunk very deeply into the exact same partisan double standard he criticized. You know - blame one, but excuse the other.


Don't know exactly who you're talking about here. Me?

Zoe: "Get it running again."
Mal: "Yeah"
Zoe: "So not running now"
Mal: "Not so much"
- Out of Gas

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Friday, March 20, 2009 6:17 AM

SIGNYM

I believe in solving problems, not sharing them.


No, my take on it is Rapo and BigDamnNobody.

---------------------------------
It's the end of the world as we know it, and I feel fine.

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Friday, March 20, 2009 7:37 AM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


Quote:


Rue, if you're honest with yourself I think you know what he was trying to say. That Bush got blamed for an awful lot of stuff. Some of it was not warranted at all. Didn't matter to anyone, though. He was the President and that was final.



Rip, you seem reasonable enough. Will you do me a HUGE favor, as one of the board's resident conservatives? Will you write a letter to Jimmy Carter explaining just what you've said here, and let him know that conservatives don't really hold him up as the "worst president in history", no matter how many times they may do so?

Just sayin'. I know none of the other so-called "conservatives" around here will ever admit such a thing, but I figured you just might.

Thanks!



Mike

A baby seal walks into a club...



The "On Fire" Economy -
The Dow closed at 10,587.60 on January 20, 2001, the day GW Bush took office. Eight years later, it closed below 8000 on the day he left office - a net loss of 25%. That's what conservatives call an economic "success".

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Friday, March 20, 2009 7:39 AM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


Quote:

Originally posted by Geezer:
I was gonna weigh in on the AIG issue, but then found this column, which expresses my point of view pretty well.

http://business.theatlantic.com/2009/03/management_by_headline.php

I would aslo note I think legislation to punatively tax bonuses that the government doesn't like is a bad precedent.

"Keep the Shiny side up"



I'll make a deal with ya, then:

Give back the $300 billion in bailout money that AIG has already pissed away, and I'll let you keep the $160 million in bonuses. Sound fair enough?

Mike

A baby seal walks into a club...



The "On Fire" Economy -
The Dow closed at 10,587.60 on January 20, 2001, the day GW Bush took office. Eight years later, it closed below 8000 on the day he left office - a net loss of 25%. That's what conservatives call an economic "success".

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Friday, March 20, 2009 7:44 AM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


Quote:


I was just re-iterating (perhaps more rationaly that Rap) that to blame the initial economic downturn in the first part of Bush's first term on Bush is unfair because there were indicators that it was on it's way there LONG before he took office. That's all I'm saying.



Likewise, if ANYONE is going to blame the current downturn on Obama or the Democrats, that's unfair because there were indicators LONG before 2006 that this collapse was coming. Borrowing and spending your way into TWO wars, all while cutting taxes and telling Americans to "go shopping", is NOT the recipe for long-term economic prosperity.

If you or anyone else want to blame this economy on Obama, you're going to have to claim responsibility for the 2000 downturn. Fair's fair. That's all I'm saying.

Mike

A baby seal walks into a club...



The "On Fire" Economy -
The Dow closed at 10,587.60 on January 20, 2001, the day GW Bush took office. Eight years later, it closed below 8000 on the day he left office - a net loss of 25%. That's what conservatives call an economic "success".

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Friday, March 20, 2009 7:44 AM

RUE

I have a vote and I'm not afraid to use it!


"Don't know exactly who you're talking about here. Me?"

Oh dear - NO ! NOT YOU ! BDN who made such a big point about the need to be non-partisan with criticism. And then ... just ... couldn't ...

***************************************************************

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Friday, March 20, 2009 7:45 AM

RIPWASH


Quote:

Originally posted by Kwicko:
Quote:


Rue, if you're honest with yourself I think you know what he was trying to say. That Bush got blamed for an awful lot of stuff. Some of it was not warranted at all. Didn't matter to anyone, though. He was the President and that was final.



Rip, you seem reasonable enough. Will you do me a HUGE favor, as one of the board's resident conservatives? Will you write a letter to Jimmy Carter explaining just what you've said here, and let him know that conservatives don't really hold him up as the "worst president in history", no matter how many times they may do so?

Just sayin'. I know none of the other so-called "conservatives" around here will ever admit such a thing, but I figured you just might.

Thanks!



Mike

A baby seal walks into a club...



The "On Fire" Economy -
The Dow closed at 10,587.60 on January 20, 2001, the day GW Bush took office. Eight years later, it closed below 8000 on the day he left office - a net loss of 25%. That's what conservatives call an economic "success".



I was just a wee babe when Carter was President. LOL Don't remember much about him. I think he's pretty much looney now, though Don't know too terribly much about what he did then, but don't agree entirely with things he has done lately.

I prefer to stick with what I know more of and that's from, oh . . . mid-Clinton on. I burdened myself with an overabundance of Conservative education only a few years back. I'm still kinda new to it, but I know what my core beleifs are. Republicans/Conservatives/Libertarians fit that mold more than Liberals/Democrats do. I WANNA get along with everyone, though.

Zoe: "Get it running again."
Mal: "Yeah"
Zoe: "So not running now"
Mal: "Not so much"
- Out of Gas

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Friday, March 20, 2009 8:02 AM

CHRISISALL


Quote:

GEEZER:
I would aslo note I think legislation to punatively tax bonuses that the government doesn't like is a bad precedent.



I would agree here.
Quote:


KWICKO:
I'll make a deal with ya, then:

Give back the $300 billion in bailout money that AIG has already pissed away, and I'll let you keep the $160 million in bonuses. Sound fair enough?

But it's OUR company now.




The laughing Chrisisall

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Friday, March 20, 2009 8:08 AM

CITIZEN


Quote:

Originally posted by BigDamnNobody:
Edit: At least Obama's detractors have come up with more 'meaty' topics than the countless "Bush said something stupid" threads we all had to endure.


If only that were true.

I was reading in the paper today about this dwarf that got pickpocketed. How could anyone stoop so low?

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