Posted on 03/22/2009 3:39:39 AM PDT by Zakeet
A Charming visit with Jay Leno won’t fix it. A 90 percent tax on bankers’ bonuses won’t fix it. Firing Timothy Geithner won’t fix it. Unless and until Barack Obama addresses the full depth of Americans’ anger with his full arsenal of policy smarts and political gifts, his presidency and, worse, our economy will be paralyzed. It would be foolish to dismiss as hyperbole the stark warning delivered by Paulette Altmaier of Cupertino, Calif., in a letter to the editor published by The Times last week: “President Obama may not realize it yet, but his Katrina moment has arrived.”
[Snip]
To get ahead of the anger, Obama must do what he has repeatedly promised but not always done: make everything about his economic policies transparent and hold every player accountable. His administration must start actually answering the questions that officials like Geithner and Summers routinely duck.
Inquiring Americans have the right to know why it took six months for us to learn (some of) what A.I.G. did with our money. We need to understand why some of that money was used to bail out foreign banks. And why Goldman, which declared that its potential losses with A.I.G. were “immaterial,” nonetheless got the largest-known A.I.G. handout of taxpayers’ cash ($12.9 billion) while also receiving a TARP bailout. We need to be told why retention bonuses went to some 50 bankers who not only were in the toxic A.I.G. unit but who left despite the “retention” jackpots. We must be told why taxpayers have so little control of the bailed-out financial institutions that we now own some or most of. And where are the M.R.I.’s from those “stress tests” the Treasury Department is giving those banks?
That’s just a short list.
(Excerpt) Read more at nytimes.com ...
The last paragraph does, indeed, show bias. But, who cares? I'm willing to jump aboard the Frank Richwagon, if it means impeaching this jamoke.
IMHO, the ‘Bamster just bought himself an impeachment grabbing back those bonuses......don’t exactly know when..or even for what...but that was the crowd that funded his election. He’ll be lucky if they only impeach him.
How ironic is it that this is the age group that'll get stuck with Zero's tab.
Keynes can’t work when the Feds start out so indebted. The rage the socialists will inflict upon Obama, should he fail in the implementation of their ultimate goals, may well ignite civil conflict as their “final path” to get to socialist/communist nirvana. It will take some extra-ordinary leadership from somewhere to deflect what is coming.
No matter what criticism Rich directs at Obama, he ends with the premise that it's not really Obama's fault, even though Obama bravely takes responsibility.
“It’s a planned deception tactic to keep Americans focused on AIG scandals while they are busy raping the nation behind the scenes.”
Exactly right. This was not an attack on Obama’s policies but on a side show to get everyone to take their eyes of the main problem, Obama’s incompetence.
1) Money is mixed, and like a cake, you can't "unmix" it once it's mixed. SURE there will be "foreign banks" getting bailout money, just as foreign car companies get money from Ford, GM, and Chrysler because NOTHING is built 100% in any one country (Milton Friedman's old example of the pencil being made in a dozen countries).
2) The outrage is NOT just over "bailouts" or even "bonuses," but SOCIALISM. It is finally starting to (Red) dawn on a few people that this guy is a COMMIE in the truest sense of the word. He believes in "sharing the wealth," in telling people what they can earn, and in forced labor. If that ain't communism, I don't know what is.
3) In addition to being a devout and aggressive socialist, Obama is also somewhat incompetent (thank God). No one wants to serve on the Obamatanic, and those he gets are just nincompoops. Sad to say, Hillary is probably the smartest person in his entire administration, which is like saying Curley is the smartest of the Three Stooges.
4) By threatening ALL "executive" pay, Obama has (to my surprise, actually) exposed the dirty little secret of MOST companies in America, which is that in some way they are beholden to the government. I can't wait till he caps the pay of university presidents, or Hollywood producers! Theoretically, if you take a DIME of government money, the government can tell you what to do. But we've always known that.
I thnk we are better off with Obama than McCain. With McCain we would be inching left, certainly not at the present break-kneck speed, but left still. Then in four years we would have a Dem any way. Prbably Hillary, and the break-kneck dash left would begin anyway but with a head start.
With Obama’s communist blitz, we are poised for a huge backlash. Teleprompter boy can not hold back the flood. Better him now than McCain.
Obama is finally giving the HOPE that he promised. I HOPE that many Democrats will learn the evils of socialism and throw Barry under the bus. Don’t laugh- I’ve already seen it happening.
Obama’s VOTERS are DUMBER than BUSH’S, TOO!!!!
“Good Job, Blackie”.
I think this is entirely likely, especially if Obama and his inner core of thugs get too big for their britches.
that the B/C copy they had seen was false or counterfeit
I've had those same thoughts for a while now. It's their "ace in the hole" so to speak.
Nah....it was Monica :)
We must be told why taxpayers have so little control of the bailed-out financial institutions that we now own some or most of.
"Taxpayers" obviously don't have control or they wouldn't have to pay taxes. Conceivably someone might voluntarily contribute - but voluntarily paying taxes is an oxymoron.The government has control if the government owns an institution.
...or just read Karl Marx "The Communist Manifesto"
“Things are getting bad for Barry when the New York Times dumps on him like this.”
His last sentence summed up the New York Times perfectly. No matter how bad, It would be worse with Republicans.
Can you explain the derivation of that term?
interesting.
Let's hope he's not the last.
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