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08:53 PM on 12/25/2009
Oxonian2001 I'm a Fan of Oxonian2001 I'm a fan of this user 30 fans permalink

"No one ever said that one man can make a difference ALL BY HIS LONELY SELF.

But surely, Obama could have pushed the public option much harder than he did. (We're not even going to discuss his LIE that he never campaigned for the public option!) He could have pushed for even tighter regulation on the bonuses like the French and the British--instead of begging them, pretty please. He could have done the right thing with abolishing landmines and ending DADT. Etc. All we are getting is Bush lite with a little more "sizzle."

FDR, Hoover, LBJ and yes GWB (unfortunately) had the ball$ to push their agenda--anticipating that they would not be well received. Obama has only made half-hearted attempts to keep any of his campaign promises this past year. That's why so many of us are bitterly disappointed.

Unless he shapes up drastically, THIRD PARTY for me, because I am sick of being HOODWINKED and BAMBOOZLED!"

If you blame everything on Obama, you dont know who is running the show. What makes you think a third party wont be corrupt?
10:55 PM on 12/25/2009
I don't blame everything on Obama: clearly, there's no doubt that the Repugs and Blue Dogs (esp. the likes of Lieberman) are a big part of the problem.

However, Obama is in the hot seat. He does have power to ATTEMPT to effect CHANGE. If he tried and failed, many would understand: but the problem is, he hasn't been trying all that hard. For instance, although he certainly addressed the necessity of escalating forces in Afghanistan, he never devoted as much energy to the public option. (Let's not even get into the deals with Pharma!) Has has hung onto Geithner and Summers--despite complaints from Krugman, Cantwell, and others.
10:00 PM on 12/26/2009
Has Obama been hijacked?
08:22 PM on 12/25/2009
Thanks HP for ruining this day with this news!
This whole financial and banks thing is bizarre and absurd. It is getting to be as suspicious as 9 11.
very bizarre.
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PhilipTaylor
SEARCH FOR: POLITICS QUICKER THAN ANYWHERE ELSE!
05:49 PM on 12/25/2009
WHO CARES ABOUT THE FINANCIAL ARISTOCRACY = 0BAMA ADMINISTRATION

WHEN ARE WE GOING TO SEE THE REAL ECONOMIC RECOVER ON MAIN STREET?

$23.7 Trillion to WALL STREET and at MOST 5% of that to MAIN STREET and MANUFACTURING!

CREDIT LIMITS CUT + INTEREST RATES ON CREDIT CARDS 300% to 500% Higher!

Unemployment numbers undermined confidence we are near the bottom of the recession.

The cumulative job losses Dec to June 2009 were the LARGEST since World War II including the military demobilization after the war.

Job losses are now GREATER than the net job gains over the previous nine years!

This is the only recession since the Great Depression to wipe out all job growth from the previous expansion.

No fewer than 1.4 million people wanted or were available for work in the last 12 months but were not counted because they hadn't searched for work in the four weeks preceding the survey.

Part-time workers due to the slack economy bring total unemployed rises to 17.5%!
03:42 PM on 12/25/2009
"government-controlled mortgage finance companies Fannie Mae and Freddie Mac"

People keep forgetting that. They were very near the top of the pyramid of disaster, with Barney Frank (D) at the very tip telling us that everything is just dandy.
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Hysterian68
bureaucrat/historian/ranter
01:49 PM on 12/25/2009
News of big bonuses for Fannie and Freddie executives will be the coup de grace to Senator Chris Dodd's defeat next year in Connecticut. It could also lead to the end of careers from one end of the political spectrum to the other.

It is no longer a matter of angry voters. It is a matter of what steps are voters prepared to take to punish the US Government and those in charge of it.

Simply being thrown out of office is a NON STARTER.
01:32 PM on 12/25/2009
When is the Bush presidency over? We need change we can believe in!
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Hysterian68
bureaucrat/historian/ranter
01:54 PM on 12/25/2009
We could ask retired General Anthony Zinni to take command as part of a Triumvirate of generals: Pireaus and ole "stomping Norman" Schwartzkopf.

Why not? We're rapidly heading toward Banana Republic status now.
04:53 PM on 12/25/2009
Hope and change were cancelled due to lack of special interest.
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CAPTAINSKIPPY
from the Far side of Frostbite Falls
12:58 PM on 12/25/2009
Seemse should be outsourcing high finance and banking, since there are so few Americans that can be honestly successful at it. We could save operating costs and keep taxes down at the same time. We've been applying H1B visas in the wrong industries!
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CAPTAINSKIPPY
from the Far side of Frostbite Falls
12:59 PM on 12/25/2009
s/b Seems we ...
12:50 PM on 12/25/2009
These guys are being paid off to keep Rahm’s malfeasance under wraps – and him out of prison

http://beforeitsnews.com/story/0000000000001759
12:13 PM on 12/25/2009
Note the words "government controlled". Is this a glimpse into what government healthcare will be like?
This user has chosen to opt out of the Badges program
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WilliamProc
Black Atheist Monotreme.
12:20 PM on 12/25/2009
Here's the problem with your argument:

The folks at Fannie and Freddie are getting the money! They are getting the benefit of those tax dollars. If the government were running healthcare, would the outcome be the same?
11:08 AM on 12/25/2009
hat tip to http://bertreport.blogspot.com
11:05 AM on 12/25/2009
The Obama administration is about forging compromise (with the democrats getting the shorter end of the stick) instead of real liberalism, which explains the disappointing results this year.
good articles; http://iamned123.com

FDR didn;t have to compromise, but Obama is no FDR and the n3ocon establishment too entrenched
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FogBelter
11:03 AM on 12/25/2009
My sense is the huge bonuses are being distributed around the World's Financial Sector to prevent a sudden burst of conscience on any of the key players part from upsetting the applecart.

These bonuses likely came with a secret handshake and a whispered ...

"You didn't see anything, did you?"
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Hysterian68
bureaucrat/historian/ranter
05:14 PM on 12/25/2009
FogBelter you're assuming the secret handshake denotes these guys and gals have a modicum of honor. There is NO HONOR amongst thieves as the saying goes. That saying should be raised to the 20th power in the case of the toilet slime inhabiting the "World's Financial Sector".

Most of them will shake hands, take the money, then report their colleagues to the Secret Police and reserve front row seats at their colleague's public trial and execution.
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Steve Gilmore
09:48 AM on 12/25/2009
why do those who fail the worse get compensated the best... oh wait...I keep forgetting how, if these economic "geniuses" (twits) aren't well compensated they may go else where... gee we wouldn't want them going to somewhere else and bring them to financial ruin...

if the leaders of all these financial institutions are the best there is...what does that say about everyone else...if the "best and the brightest" was incapable of warding off the worse, man made, economic disaster in history...

what example does it set when we reward the most corrupt...the most...
12:36 PM on 12/25/2009
Don't forget that above all, they are IVY TWITS: not the deserving Ivy grads, mind you, but the ones constantly harping on the fact that they attended the best schools in the universe. You know--where the same people who get an "A" for average work, a "B" for bad work, and a "C" for colossal failure. Otherwise, how else would GWB PASS? Or Obama give himself a B+ for the considerably less than stellar work he did this year?

That's why so many of those "Ivy calibre" execs feel entitled to pay themselves millions a year for shoddy work--when the rest of us would probably be fired for the same level of incompetence. They'll tell you that they were smart enough to get in, and even smarter to stay in and graduate with Latin honors (conveniently forgetting to add that 75% receive honors of some sort--because little Muffy, Buffy, and Chip must be rewarded at all costs!). And we the public believe it: because, heck FDR and JFK were superb. (Little do people remember that educational standards have been watered down since the 1950s.)
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Hysterian68
bureaucrat/historian/ranter
05:19 PM on 12/25/2009
They are the worst possible advertisements for the schools of business from which they graduated. What does it say for these institutions when so many investment banker graduates appear in the docket and say "I never understood how these toxic assets were created, what or where they are now, or how to unravel them and find a buyer?"

Essentially, what these clowns tell their interviewers on Faux Business News, CNBC, and Bloomberg every day.
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realitytrumpsbull
Two 'alves of coconut!
02:01 AM on 12/25/2009
I think that, given their circumstances, they should all be paid federal wages, since they are getting money from the federal government anyway, and not compensation in the millions. Essentially Freddie and Fannie are failed companies, on life support from the taxpayers, therefore it should follow that they be using store coupons when they do their grocery shopping like the millions of people in this country who are at or below the federal poverty line. You don't get to mismanage your institution into the ground AND drive a Rolls, sorry. Not on the American taxpayer dime. If they can't get their act together this year, or the next, then shut em down. Same goes for any other financial institution where the people that run it seem to think they're royalty with some kind of extralegal immunity or whatever.

If we're not willing to insist on 'YOURE FIRED!!!!'-grade reform in matters of federal finance, then we're going to see 13,14,15,20+trillion in debt, in our lifetimes. We should, in my view, be able to expect more, expect better, of our government, and our country. I can type 60WPM if they need help preparing the pink slips..
10:07 PM on 12/26/2009
YES YES YES
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PhilipTaylor
SEARCH FOR: POLITICS QUICKER THAN ANYWHERE ELSE!
01:22 AM on 12/25/2009
PROVING THE OUT OF BALANCE PAY FILTERS FROM WALL STREET TO GSES

Bankrupt Fannie+Freddie Top Employees Williams and Halderman were paid $4 million and $6 million approved by Treasury and FHFA after taking $111 billion in taxpayer aid.