Obama Administration a society that lavishly rewards those who make us poorer.

Quote from polr_trader:

What really irks me is not that Wall Street is taking money that is handed to them on a silver platter--who wouldn't?--but that elected politicians simply hand over taxpayer money with virtually zero strings attached. While America's debt burden grows by the minute, Wall Street titans still have their bonuses even though they made many bad bets. Win...and reap the rewards from the person who took the other side of the trade. Lose...and simply reap the same rewards from the taxpayers. Gotta love clueless politicians!
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You had me until you said "without strings attached". First of all, there are a million strings attached. Second, all of them result in the screwing of the CUSTOMERS of the firms and handing competitive advantage to foreign banks.

Our politicians should not be deciding how to spend our money. Full stop. They shouldn't have the power to decide who wins and who loses on Wall Street or anywhere else. The market will sort out the losers from the winners and we will all be better off in the long run.
 
I'm no Obama fan, but you have to admit that he was handed a shit storm to deal with.

I certainly don't agree with most of his policy ideas and how he's handled the situation so far. And I agree that he will hurt this country further with HC reform and his bullsh*t Cap & Trade plan.

If he raises taxes, and by all means he must in order to pull off all the stuff that he promised, he and the Dems will be voted out.

When you set expectations as high as Obama did, you really have no where to go but down in most peoples' eyes.
 
Quote from clacy:

"... If he raises taxes, and by all means he must in order to pull off all the stuff that he promised, he and the Dems will be voted out.
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Anything BUT a "sure bet".

Before the '08, elections, Congress' disapproval rating was 86%, yet 95% of incumbents were re-elected.

What? Do we ALL have our head up our butt???
 
Quote from Landis82:

Meanwhile, the S&P just crossed 1000.
:)
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I'm not sure if I'd be bragging that the Dow is a couple of hundred points lower than where it was when it became apparent that Obama was going to win the election.

There is a long time to go in Obama's first term, and we'll likely see some pretty major swings up and down.

One thing is for sure, the Dow can hit 20,000, but if unemployment is still 9%+ in 2011, Obama is in big trouble.
 
Quote from clacy:

I'm no Obama fan, but you have to admit that he was handed a shit storm to deal with.
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And the only person that knows how to deal with this shit is Ron Paul, but instead the anti-capitalist Obama gets in. :D :D

If I wasn't laughing so hard right now, I'd be crying.
 
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