That means things are working out just as he and his backers planned.
Posted on 03/16/2009 7:08:05 PM PDT by Free ThinkerNY
The furor over the huge federal spending under President Obama — a $1.75 trillion deficit — obscures an even more basic question: Does he know what he is doing?
That is, Does he know how to do anything other than spend?
His stimulus package, of course, took no special ability: He left the details to Democrats in Congress. But his two other major initiatives, banking and mortgage-relief plans, are both flawed and unlikely to solve their respective problems.
Indeed, they're so wide of the mark as to prompt questions not of Obama's ideology but of his basic competence.
The bank-bailout plan seems to be largely stillborn. Having wished that the private sector would flock to invest in toxic assets if offered the right incentives, the Treasury secretary is still hoping. Crossing his fingers seems to have replaced effective policy in his planning.
To date, no massive infusion of private-sector capital seems in view and Washington is doing little more than writing checks to prop up the failing banks. That doesn't take a genius. But the difficult task of relieving the banks of toxic assets so they can rekindle the flow of loans seems to be beyond the ability of the president and his administration.
(Excerpt) Read more at newsmax.com ...
how do you guys manage to find news at that site?
barely kidding
Headline corrected.
Oh, another boo boo for the messiah.
I agree.
That means things are working out just as he and his backers planned.
Obama couldn’t find his A** with both hands!
Hard to do, when he is busy listening to himself repeat the teleprompter. LOL!!
He knows exactly what he is doing.
Actually, NO, he doesn't.
But he does know that it doesn't matter that he doesn't know, he will still achieve his socialist agenda if everything comes crashing down around his ears.
lol
Why don’t you enlighten us all with your preferred news sources?
He knows exactly what the hell he's doing, and why. He came to the White House with a plan and an agenda, and neither one are good for the economy or this country.
If you asked me, I would say that this AIG mess started with Eliot Spitzer's full page ad in the NY Times putting former AIG CEO Hank Greenberg on forced retirement in 2005, ushering in a new CEO who is a big time Democrat and has basically taken a once respected private company and turned 80 percent of it over to the federal government. So that the Barney's Frank's, the Henry Waxman's, the Nancy Pelosi's, the Chuck Schumer's and the Chris Dodd's of the world have a pinata to whack around enough to stoke the anger of average Americans into an "Us vs. Them" mentality, beyond that point they're angry at every successful private sector entity in this country.
mostly FR
=o)
To fix the economy all Obama would have to do is the opposite of what he is doing. He understands that as well.
Precisely. A judgement that Obamessiah is “failing” can have objective meaning only in relation to his goal. If success means a prosperous, free and productive America, then he is failing.
But Mr. Obama is George Soros’ Vice Regent, executing a plan that has sprung from the mind of Saul Alinsky, marinated in the philosophies of Frank Davis, Wm. Ayers, and the Chicago Political Cesspool. And he is succeeding.
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