“Does anyone even believe anymore that this won't be some half a$$ proposal that will at best case turn into some wimpy legislation full of loopholes ?
This president bark but doesn't bite. We already understand that.”
PATina on Jan 21, 2010 at 10:16:51
“What I hope... is that w/ this election in MA... people will see that our voices and votes matter... and will stay on the President AND Congress to make sure it doesn't turn into wimpy legislation full of loopholes.”
“Too little too late. And the timing couldn't be worse. Its obvious they are trying to throw some bone to the public after miserable loss in MA.
But people's trust is already gone.”
anothervoice2 on Jan 21, 2010 at 00:53:06
“People's trust is gone alright- but more in the people of MA. So Brown drives a pick up truck. And ran ads effectively masking his true identity as a tea party candidate, and packaging himself fraudulently as an independent. He was a terrible choice. The buyer's remorse will result in an upswell of support for the Democrat running against him in 2012.
Brown is out in 2012!!!”
“Obama is spineless and weak. He never had any respect from Republicans, and now he's losing all support among Democrats. Wall Street bailouts aside... "Don't jam this through" is as spineless as it gets.”
Scott G on Jan 20, 2010 at 16:28:12
“are you implying you have "respect" fro republicans?
If so, I'd say you should take a long look backwards.”
The economy came to a halt in the end of 2008, so all relative comparisons are meaningless. Of course there was some uptick to be expected when people stopped panicing and some sort of economic activity resumed. Sure administration stopped the panic but at what cost ? They simply guaranteed all bad debt . Relayed the burden from private failing corporations on the shoulders of the next generation. And have completely undermined the public trust.
All that "jobs saved" number is pulled out of thin air.
But most importantly borrowing money from China to give out unemployment benefits and rebuild bridges isn't a sound economic policy. The country needs to be completely restructured. New quality jobs will only come from educated workforce. Corporations need to be disincentivised to ship jobs overseas.
There are 2 billion people in China and India who are willing to work for much less, and they are getting educated and more and more qualified. And this country is cutting spending on education first. And borrowing money for wars, unemployment benefits, and piles of concrete that will need to be repaired again in a couple of decades. These aren't lasting jobs. And what is worse, our children will have to pay for this idiocy by devalued currency, higher interest rates and lower paychecks.
The administration so far only stopped the bleeding at high cost. But has done nothing to cure the wounds. Don't praise them just yet.”
“Nothing. They gonna borrow money from China with a promise that our kids will pay for it so they could rebuild a few bridges and roads that will fall apart with time anyway and provide nothing but a temporary boost.
Borrowing money from China and throwing them into a black hole isn't a solution. Rebuilding bridges on borrowed money will do nothing for long term economy.
And stimulus is BS. You can't get out of credit card debt by borowing more. You do it by cutting up your credit card and making drastic changes in your lifestyle. And thats what this country needs.
Unfortunately all fixes that will make a long term difference require political will. And this country doesn't have political will. This administration is huge dissapointment and the alternative is even worse. So we're screwed.
The country needs to end wars, and divert the money into the economy. Increase investment in education, instead of cutting it like they are doing now. Create a competitive workforce that will compete with China and India. There are 2 billion people in the world willing to work for much less then Americans and who are now getting educated at a rapid pace. The US has fell to the 6 place in the world in technological innovation. From the first place. Thats whats scary. The country is losing its edge against abundund, cheap and increasingly more qualified workforce.
Borrowing money to flush them down the toilet will make a short term bump but will relay even bigger problems onto next generation.”
“What a scam to sneak this under the cover of Christmas and to avoid the congressional aproval.
I'm more and more dissapointed in this administration.
And why on earth does the US taxpayer now guarantee every bad mortgage that these defunct organizations that have caused a lot of problems already will ever make.
The government shouldn't provide explicit guarantee for losses on bad mortgages.”
MacQ on Dec 25, 2009 at 12:56:26
“The government not only secured those loans (with our dollars) they mandated they be made.
Janet Reno threatened to prosecute banks that didn't have anough such loans on their books.
Oh, then they made it possible to sell off the paper.
And people want the govt involved in MORE things?”
“Unfortunately not the Democrats not Republicans, and especcialy the White house don't have the political will.
After the mass Wall Street bailouts the trust is gone. Who do you trust anymore ? Both parties seem like more of the same now. The president is a lame duck that doesn't have the balls to stand up for whats right and lead. We'll get some wishy washy uncommited state of the union speach and it will be over. Something along the lines" The good folks on wall Street need to help main street, because they bailed em out in tough times"
Guess what. "good folks on wall street" don't give a crap. Congressmen are all talk And president lead the bank bailout effort and it will be that hall mark of his one on anly term in the WH.”
“Yes you will be able to get health insurance with pre-existing condition. But at what cost ? Is there any cost contaimnet mechanism that says insurance companies can't charrge you $10,000 dollars a month ? or $100,000 a month ?
Sure we won't deny you coverage, if you can afford it. Ooops, you can't afford it, so its not a denial problem, its just your personal money problem, otherwise, we'd gladly extend you coverage.”
pyro on Dec 18, 2009 at 13:55:11
“Let's not forget what the rethugs have been telling us for decades, which is that if you too poor to pay for your insurance, (or any thing else for that matter) it's because you lazy.”
“How does the governemtn mandate people to buy something from private semi monopoly industry without providing any alternative or cost containment mechanics ? It is outrage. It is definitely much worse. It will cost a lot of jobs on top of that too.
Do you think the companies will be more likely to hire people, if they will be fined for not providing health insurance ? Think again.
This bill is a givaway to the Insurance industry, nothing else.