Obama Rips Hedge Funds

[monty21]

Quote from pspr:

Your incorrect definitions aside, Obama was mentored in Hawaii by none other than Frank Marshall Davis. Davis, a Communist Party member, was under surveillance by the FBI and suspected of espionage during the same time he mentored Obama in the late 70's - 80's.

Here's more revelations about Obama:

http://www.profitbooks.com/blog/index.php/2008/08/nobama-barrack-obama.html

Thanks for citing a "NObama" blog as your source.

Maybe it would've been better that you cited Frank Marshall Davis's connection to Obama with "The Obama Nation"... another anti-Obama material, at least this is a book.

Even if the connections were true, do you think this guy really influenced his economic ideology? He probably preached about racial injustices... especially since their "supposed" relationship dealt with the issue of being an African-American.

Don't forget that Obama went to Columbia University and then Harvard. Do you really think he developed his economic ideology as a 15 year old in Hawaii or as a graduate at Northeastern Universities.

I'm not trying to defend Obama, but some of the accusations are ludicrous. I am a registered Republican and support Ron Paul.

I'm also against any bailouts and TARP. Let the weak fail and go bankrupt. It's there fault they took those risks. Its unfortunate that many innocent blue-collar victims would lose their money, but that's the only way that toxic assets can be dealt with. The FED's stimulus is just creating a larger bubble! Welcome inflation!

 

[426653478]

Quote from ARD45:

Here here!


In general, Obama is saying these funds are evil because they didn't accept what they thought was a bad deal. How the hell is that wrong? You expect the fund managers not to act in the best interest of the fund?

Am I looking at this situation wrong, or is this about the most un-American accusation I have ever heard?

Obama was the beginning of the end

you can continue believing in Obama as much as you want, because it is not about Obama anymore, this is a country that has been incompetent in maintaining its global position

 

[426653478]

Quote from monty21:

It may just be my ideological opinion, but I have a realist view on the world.

Almost every human act is based on a selfish desire. Even when you donate to charity, you do so because it ultimately makes you feel good inside. It's all self-fulling.

Now if you were a politician, you would do whatever is in your best interest. Sure you might care about others, but you will pick your priorities and certain groups will be marginalized when the "economic" pie gets divided.

It's easy for us to say what someone is supposed to do. If you were in his shoes, you would do what is in your interest too. If individuals donated money to your campaign, of course you will have to reward them. There's no free lunch.

I am not a fan of Obama, but he outright won the election. He has a mandate to follow his ideological beliefs.

To those posters that call him communist or w.e., look-up what communism means. The government doesn't control the factors of production (aside water in local areas). You guys are confusing it with fascism. A fascist country is one that is dominated by corporations. Think XOM, GS, HAL. These lobbyists control the government and Obama is essentially serving those that helped him where he is.

If you were a high level executive for Goldman Sachs, you would love all this TARP money being thrown around Wall Street. Plus you just killed off your competitors and your assets are still safe.

So who will account for these politicians? If corporations hold the power, how are they going to be held accountable? No one spending time on ET will make anything happen. This is not negative thinking, its being a realist. Instead of trying to revolt against the status quo, a better effort would be to try to join it.

that's why humans deserve what they get, when you give any power to any entity, regardless of the amount of power you give to him/her or the reason you give it, you also give him/her the right to use it against you with it, basically if you give someone a strap-on dildo and then bend over, you shouldn't be surprised if he/she sticks it in your a**

people weigh the cons and pros and the possibilities to the extent their level of intelligence permits them, and most people conclude that it is just easier to let others run their lives for them, it has never worked, democracy, dictatorship, they all end up f*king the people till they bleed to death, it's no different this time