As much as that seems completely political and biased as an answer, it might just be the best one word summation of everything going on in the US economy at this time.
His policy of 'change' is just about the worst thing that could be happening to us outside of the collateralized debt obligations fiasco. The attempts to fix everything that 'Obama' thinks is wrong is the greatest explanation of the Theory of Unintended Consequences in practice...a junior Senator turned President that thinks he has all the answers to the ills of the world.
"Obama"... I'm not sure a truer word could be more accurate right now than this one.
Obama is doing level best to make the United States into a third world country. If you crush the economy enough and you have 20-50% unemployment the unemployed have to depend on the government and that is excatly how hitler got into power. Just go back into history and see for your self.
I don't think Hitler is a good comparison as Hitler used a lot of violence to gain power. There are too many guns in America for anyone to try that one.
I do think Marx/Lenin is a better comparison. The Marx/Lenin crowd used the masses to overthrow the establishment... just as Obama is trying to rally the urban mess to rise up against America; ie Acorn and etc. It just won't work, as a sleeping America is finally waking up against the concept that we need to redistribute wealth.
"Obama is doing level best to make the United States into a third world country. If you crush the economy enough and you have 20-50% unemployment the unemployed have to depend on the government and that is excatly how hitler got into power. Just go back into history and see for your self. "
Ain't gunna happen, we'll fight him til hell freezes over, then we'll fight him on the ice! There's no way we let this tin horn bimbo ruin our country. He and his associates are ture evil, but we are too many and too strong to let them succeed.
Mass is JUST THE BEGINING!
Someone out there is taking gains NOW.
The statement: "that is excatly how Hitler got into power" is really off topic - But, with that "logic," then our next president would be a Hitler and I doubt that that president would be a Democrat. -
Its not my intenet to turn this into a political forum, but the comparison of Obama to Hitler is juvenile and offensive in the extreme. As far as economic policy is concerned, the Brookings Institution (a non partisan think tank generally considered centrist or conservative) opines that Obama's policies have resulted in siginifcant econimic imrpovements in many areas. That is not to say that there is not considerable controversey over long term effects, but to simply blame Obama for everything and compare him to Hitler is ridiculous. My stock portfolio is in alot better shape now than when Bush left office.
This 'Too Big To Fail' is a red herring for Obama to simply push his socialist agenda.
The Gov pushed the failed financials: WaMu, Countrywide, Bear Stearns, Wachovia, Merrill Lynch into the arms of the strong financials...and now they to dismantle the banks who succeeded in this crisis?
The irony is that Dimon & Blankfein were big Obama supporters.
Not to worry, DeutscheBank, Credit Suisse, UBS, HSBC, CCB, RBC, BMO, TD will be there to pick up the pieces. Oh, wait, they're all foreign banks. Move along....nothing here to see.
To each according to their needs, from each according to their ability.
You better wake up America...NOW.
Succeeded in this crisis? Survived, yes, but they didn't "succeed". And mind you, it was only WITH the help of the federal government. But remember--those banks probably wouldn't have survived if the government would have allowed our financial markets to spiral out of control.
And who said they're trying to "dismantle" the big banks? Regulate? Hell yes! We don't want them to repeat their prior irresponsible actions that pose a systematic risk to our world's financial institutions.
No kidding. I've never knew warped partisan ideology could dramatically affect so many people's preception of reality.
I suppose we should expect this when you have very complicated situations. It is far more comfortable for someone to accept simplistic partisian explanation that blames the other guys instead of really digging down to understand what really happened. Especially when, God forbid, you might actually realize that your "team" is also at fault.
Unless and until people realize that fault cannot be allocated primarily on party lines--we're not going to get enough support of our population to force our d-bag Congress to act appropriately.
I appreciate your effort to explain this to the people around here. But i have some advice for you.
Never argue with an idiot. First, they'll bring you down to their level. Next, they'll beat you with experience.
I've spent countless hours trying to explain how EVERYONE f-ed up and without exception, their partisan filter prevents any sort of bipartisan blame to be recognized. In the rare event that it does, it is merely temporary. This is exactly why i hate politics.
You Liberals still dont get it! This is a center/right country. There is no desire by the majority of voters in this country to have a liberal government.
You Liberals can stay in denial until November, at which time you are going to get your butts kicked like you never imagined, for trying to turn America, the home of the Free and the Brave, into a government controled socialist state.
The liberals in Washington went way overboard with this crap.
FACT: The Obama administration has done more defficit spending in just 12 months than the Bush administration did in its entire 8 years. You talk about fiscal irresponsibility, well Obama and his cronies have set a new world record for racking up debt!
You libs still have your head burried in the sand. No hope for you that you will ever see things the way they realy are. If you like socialism so much go to Europe were you can get your fill of it each and every day. We have no use for Socialism in this country where the government is mandated to carry out the will of the citizrns it represents. And the citizens do NOT want the government controlling our business or our private lives.
"Blame Obama". Have you ever wondered what would happen if all the banks and financial companies had failed and the country went into depression. Is this what you Obama haters would have preferred? Then I'm quite sure you Obama haters would all blame him for placing the country into depression.
Sorry I prefer where we are now than what could have happened.
The partisanship is in trying to assign a share of Democratic blame to the Republicans.
Barney Frank and Chris Dodd oppossed George Bush's attempts to reign in Freddie and Fannie. The Obama was out in the streets teaching people how to most effectively slander and libel as racist financial institutions that didn't grant mortages to people because they couldn't qualify (turned out a higher proportion of minorities couldn't score high enough - RACISM!)
Yeah, all that stuff was wrong, and all that stuff happened several generations ago, and none of that stuff would be done today - by modern Americans (but I can't speak for modern Chinese, Russians, Cambodians...). What else should we feel guilty about?
At what point do you guys give up moral equivalency as an excuse for bad behavior? Moral equivalency is not clever - it's an excuse to not make judgements, to not take a stand.