Phony Responsibilty, or no?

[DarkWizard12]

Analysis: Obama's 'blame me' means 'move on' - CNN.com

discuzzit

 

[American]

The Gangster-in-Chief has spoken.

 

[GottaHurt]

We didn't draft these contracts," he said. "We've got a lot on our plate. But it is appropriate when you're in charge to make sure stuff doesn't happen like this. So for everybody in Washington who's busy scrambling to try to figure out how to blame somebody else, just go ahead and talk to me, because it's my job to fix these messes even if I don't make them."

He did make the mess when he signed the bill into law.

His campaign rhetoric was he would go line by line, page by page...

 

[BeanerECMO]

His taking responsibility is as genuine as Janet Reno taking responsibility for the actions against the Branch Davidians - so what. He wants to move on because it is more difficult to focus on a moving issue. All this noise about bonuses is just a smokescreen to keep the focus of the proletariat off what the Alinsky-aligned Maoists, Leninists and Marxists in the White House and Congress have been doing and are doing to bring down this great country so we are more like all of Europe (they only wish they had our unemployment rate and (proportionately) national debt). Socialism is unsustainable. California could wipe out their debt if they would open off-shore drilling, stop paying illegal aliens with free medical care and education; but they are short-sighted as well as ignorant - they have given us Boxer, Pelosi, the Sanchez sisters, Soros et al to wreak havoc on the rest of the country.

 

[American]

I don't care if he has a lot on his plate, he wanted the job. Look how much Bush had on his plate, he didn't whine about it.

 

[Tucker Case]

We didn't draft these contracts," he said. "We've got a lot on our plate. But it is appropriate when you're in charge to make sure stuff doesn't happen like this. So for everybody in Washington who's busy scrambling to try to figure out how to blame somebody else, just go ahead and talk to me, because it's my job to fix these messes even if I don't make them."

He did make the mess when he signed the bill into law.

His campaign rhetoric was he would go line by line, page by page...

If he didn't sign the bill, it would have still happened. AIG was already infused with public money, and would have received the 30 billion in early March anyway.

So let's say the second stimulus bill never happened, he vetoed it.

What difference would there have been. Do you think AIG wouldn't have paid out the bonuses they were contractually obligated to pay out on the 15th because of it? Would the money have been less from the public's 150 billion that they had given them BEFORE Obama took office?

 

[Objective Voice]

First off, what bill did Pres. Obama sign into law that caused this country's financial problem?

(chirp, chirp...)

... I'm waiting...

Answer: NONE!

So many people believe that the Stimulas Bill (the ARRA) or the Ominbus Bill are what caused the problem, but that's just not true, not one bit. Not even the TARP money that former Pres. G. W. Bush signed into law caused this financial crisis. No! This mess is the result of greed on Wall Street (w/individuals playing their role, too). And as Pres. Obama so elegantly summarized last night on the Tonight Show, creative financing tricks - hedge funds and insuring same with money on a ledger vice real, hard assets is what got us into this mess. There were a few other periphery things going on as well, i.e., outrageous gas prices which also caused food and utility prices to skyrocket for a while - but the catalyst to this mess was the (subprime) housing market. And so many financial entities were involved it became increasingly difficult to know who the players really were until they started falling apart. Only by then in some cases, it was too late.

Second, with so many major corporations involved in the financing aspects of the housing market carrying so much debt, it's very unlikely, if not impossible, for any of them to work themselves out of it. Per reports, these companies just don't have the hard assets (cash) to turn things around. It's a matter of one-part operating capital, one-part securitization (watching their own backs to keep themselves in business) and one-part clearing debt (how to get rid of the toxic mortgages; you can't sell it to the bank next door, down the street, around the corner or across the country because they have the exact same problem!!!) Too many financial institutions were in too deep in the subprime/hedge fund game.

Third, when corporate America can't buy themselves out of trouble, who else are they going to turn to? They can't save themselves, they can't borrow any money from their peers (other banks), nor can they loan money to anyone else and make money off the interest. Our financial system was stuck! Until TARP2.

I'm just a common man, but I've paid attention to what's been going on. The price tag is high as far as the issuance of gov't bailout funds are concerned, and that, of course, has alot of people very afraid that the gov't will only attempt to impose its will on the American businessman and the American people, but let's be real here. If capitalism has run amock and their financial wells have run dry, and allowing them to fail means more and more Americans lose their jobs, therefore there's less and less tax revenue being generated, how is this country to survive like that?

People (Conservatives) are complaining about "big government", but right now as things stand I think gov't is the only way to clean up this mess. I'm not saying give them total control. That would mean gov't is no better than the corporate giants who caused this mess. But if they do things with sound moral and ethical standing in time gov't "oversight" will be relinguished and corporate American can once again go about its business. But that's going to take a long time, folks. So, in the meantime, we do our parts.

Those with jobs, go to work. Buy things only use cash and less credit. Start saving! and don't be afraid to invest in small things like CDs, money-market accounts if you're fortunate enough to have additional investment capital. If you're concerned about your bank's ability to remain solvent, look up their stock code and see for yourselve how they're doing in the marketplace. You have a right to even ask for their annual or quarterly reports as a member of that bank. That's especially true if you're a member of a credit union!

This country's financial and world status will return in time. But it's going to mean creating more job in new economic sectors. To that, I think Pres. Obama has the right idea. It's just going to take time for people to realize this country hasn't been an industrial nation for decades and start buying into a new way of thinking and doing business - and that's once again with innovation and hard, back breaking labor and investing in ourselves (savings) as a nation. It's going to take time, but America will bounce back.

 

[Captain Revolution]

It's going to take time, but America will bounce back.

Only if Americans stop whining and handle their business.

 

[GottaHurt]

If he didn't sign the bill, it would have still happened. AIG was already infused with public money, and would have received the 30 billion in early March anyway.

So let's say the second stimulus bill never happened, he vetoed it.

What difference would there have been. Do you think AIG wouldn't have paid out the bonuses they were contractually obligated to pay out on the 15th because of it? Would the money have been less from the public's 150 billion that they had given them BEFORE Obama took office?

I'm not sure you understand my position on this issue.

I'm probably one of the few people who aren't outraged by the bonuses. I've stated in several threads that if a person can negotiate huge bonuses for themselves, then power to them.

My disgust is aimed at our elected officials for trying to play this mess off as if they didn't know what was going on.

That in itself is insulting. They should resign their posts for this type of behavior, it's their job to know.

Little by little the truth is surfacing. They inserted language into the bill to kill the bonuses, then removed them, then inserted language giving the green light.

It's now a point the finger media circus between Dodd and Geithner.

They both new, and I suspect they aren't the only ones.

Obama is right when he said he didn't draft these plans, but they became his the moment he was sworn in.

He should have stepped up and demanded a new bill from scratch. One that he should've gone through, line by line, page by page, before signing.

We've now gotten a first hand look at his community organizing skills.

 

[American]

First off, what bill did Pres. Obama sign into law that caused this country's financial problem?

(chirp, chirp...)

... I'm waiting...

Answer: NONE!

So many people believe that the Stimulas Bill (the ARRA) or the Ominbus Bill are what caused the problem, but that's just not true, not one bit. Not even the TARP money that former Pres. G. W. Bush signed into law caused this financial crisis. No! This mess is the result of greed on Wall Street (w/individuals playing their role, too). And as Pres. Obama so elegantly summarized last night on the Tonight Show, creative financing tricks - hedge funds and insuring same with money on a ledger vice real, hard assets is what got us into this mess. There were a few other periphery things going on as well, i.e., outrageous gas prices which also caused food and utility prices to skyrocket for a while - but the catalyst to this mess was the (subprime) housing market. And so many financial entities were involved it became increasingly difficult to know who the players really were until they started falling apart. Only by then in some cases, it was too late.

Second, with so many major corporations involved in the financing aspects of the housing market carrying so much debt, it's very unlikely, if not impossible, for any of them to work themselves out of it. Per reports, these companies just don't have the hard assets (cash) to turn things around. It's a matter of one-part operating capital, one-part securitization (watching their own backs to keep themselves in business) and one-part clearing debt (how to get rid of the toxic mortgages; you can't sell it to the bank next door, down the street, around the corner or across the country because they have the exact same problem!!!) Too many financial institutions were in too deep in the subprime/hedge fund game.

Third, when corporate America can't buy themselves out of trouble, who else are they going to turn to? They can't save themselves, they can't borrow any money from their peers (other banks), nor can they loan money to anyone else and make money off the interest. Our financial system was stuck! Until TARP2.

I'm just a common man, but I've paid attention to what's been going on. The price tag is high as far as the issuance of gov't bailout funds are concerned, and that, of course, has alot of people very afraid that the gov't will only attempt to impose its will on the American businessman and the American people, but let's be real here. If capitalism has run amock and their financial wells have run dry, and allowing them to fail means more and more Americans lose their jobs, therefore there's less and less tax revenue being generated, how is this country to survive like that?

People (Conservatives) are complaining about "big government", but right now as things stand I think gov't is the only way to clean up this mess. I'm not saying give them total control. That would mean gov't is no better than the corporate giants who caused this mess. But if they do things with sound moral and ethical standing in time gov't "oversight" will be relinguished and corporate American can once again go about its business. But that's going to take a long time, folks. So, in the meantime, we do our parts.

Those with jobs, go to work. Buy things only use cash and less credit. Start saving! and don't be afraid to invest in small things like CDs, money-market accounts if you're fortunate enough to have additional investment capital. If you're concerned about your bank's ability to remain solvent, look up their stock code and see for yourselve how they're doing in the marketplace. You have a right to even ask for their annual or quarterly reports as a member of that bank. That's especially true if you're a member of a credit union!

This country's financial and world status will return in time. But it's going to mean creating more job in new economic sectors. To that, I think Pres. Obama has the right idea. It's just going to take time for people to realize this country hasn't been an industrial nation for decades and start buying into a new way of thinking and doing business - and that's once again with innovation and hard, back breaking labor and investing in ourselves (savings) as a nation. It's going to take time, but America will bounce back.

Drink Kool-aid much? The Stimulus package that he wants passed yesterday is his doing. It's his baby and his $9.3 trillion deficits over 10 ten years. Maybe we should confiscate your income and your assets to pay for this since you love him so much. Now feed us some more bull**** please.

 

[Harshaw]

First off, what bill did Pres. Obama sign into law that caused this country's financial problem?

(chirp, chirp...)

... I'm waiting...

Answer: NONE!

So many people believe that the Stimulas Bill (the ARRA) or the Ominbus Bill are what caused the problem

Who? Who believes this? Who says it? Give examples.

 

[Tucker Case]

I'm not sure you understand my position on this issue.

I'm probably one of the few people who aren't outraged by the bonuses. I've stated in several threads that if a person can negotiate huge bonuses for themselves, then power to them.

My disgust is aimed at our elected officials for trying to play this mess off as if they didn't know what was going on.

That in itself is insulting. They should resign their posts for this type of behavior, it's their job to know.

Little by little the truth is surfacing. They inserted language into the bill to kill the bonuses, then removed them, then inserted language giving the green light.

It's now a point the finger media circus between Dodd and Geithner.

They both new, and I suspect they aren't the only ones.

Obama is right when he said he didn't draft these plans, but they became his the moment he was sworn in.

He should have stepped up and demanded a new bill from scratch. One that he should've gone through, line by line, page by page, before signing.

We've now gotten a first hand look at his community organizing skills.

Gotcha.

Personally, I blame anyone from the house and the senate that voted either of the two bills, former President Bush for signing the first, Obama for signing the second and the guy who lives three blocks down from me that doesn't use a leash for his dog but can't control it.

But from what I can see, these bonuses just aren't that big of a deal. I'm more pissed about the other 99.9% of the money they've gotten. Since I'd personally like the government to recoup all that money that used to be ours, using a small portion to ensure their best employees stick around seems like a valid use of that money.

 

[GottaHurt]

Gotcha.

Personally, I blame anyone from the house and the senate that voted either of the two bills, former President Bush for signing the first, Obama for signing the second and the guy who lives three blocks down from me that doesn't use a leash for his dog but can't control it.

But from what I can see, these bonuses just aren't that big of a deal. I'm more pissed about the other 99.9% of the money they've gotten. Since I'd personally like the government to recoup all that money that used to be ours, using a small portion to ensure their best employees stick around seems like a valid use of that money.

I hate that guy too. That bastard!