...by hiring competent personal.
discuss.

If you consider hiring the Clintons and part of the Clinton Administration back "right" than ok.

exaggerated reply but ok. i also like the fact that Arizona governor may be the homeland security position. she may be a dike but she isn't stupid. and now this treasury department...yeah, it worked when he was with Clinton so why not hire back the guy who got us there closer?

People tend to forget that sub-prime lending started under a Clinton watch and failed under a Bush administration. You can place blame anywhere you want but the bottom line is Clinton had a part in the ruin our economy is in today. I dont want more bad judgement from either party and I feel if we are truly gonna have "Change we can believe in" we need new blood not someone from a past administration with Clinton agendas.

perhaps you are right but sometimes people learn from their mistakes and can do better next time.

We shall see my friend, we shall see. I can tell ya this, its going to be a wild ride.

i found this
Geithner was the U.S. Federal Reserve's point person on the rescue of Bear Stearns and American International Group (AIG, Fortune 500) as well as in the failed talks to keep Lehman Brothers out of bankruptcy.

Lehman's demise is blamed by many for the freeze up in global credit markets that followed immediately afterwards.

typical one party blame another bullshit.

what a great post....


I should move to DC huh? :)

obama just found us 2.5 million jobs

zomg higher tax rates! I'll pay higher taxes for the greater good. "If America planted a microchip up my ass, I would say 'Thank You!'" (Red from 'That 70's Show'). Would you rather pay high taxes or live in Swaziland with AIDS? Hell any tax code that they get in this country doesn't come close to the rates paid in Canada and Europe. Quit yer fucking bitching. Americans complain when gas is in excess of 3 dollars a gallon. Wow, it was the equivalent to 8 fucking pounds in the United Kingdom the whole time...Europeans got with the program and picked up the bicycles and mopeds, meanwhile we gotta rock our Broncos like OJ and Zero.

That dude was right. America IS a nation of fucking complainers.

/Soapbox rant.

Well, we could pay 2.5 million people to sit on their asses, like Republicans want to do, or put them to work to fix the infrastructure.

zomg higher tax rates! I'll pay higher taxes for the greater good. "If America planted a microchip up my ass, I would say 'Thank You!'" (Red from 'That 70's Show'). Would you rather pay high taxes or live in Swaziland with AIDS? Hell any tax code that they get in this country doesn't come close to the rates paid in Canada and Europe. Quit yer fucking bitching. Americans complain when gas is in excess of 3 dollars a gallon. Wow, it was the equivalent to 8 fucking pounds in the United Kingdom the whole time...Europeans got with the program and picked up the bicycles and mopeds, meanwhile we gotta rock our Broncos like OJ and Zero.

That dude was right. America IS a nation of fucking complainers.

/Soapbox rant.

Good post Vert. A rare hit.

Thank you, sir.

Well, we could pay 2.5 million people to sit on their asses, like Republicans want to do, or put them to work to fix the infrastructure.

It's funny though, the roles have KINDA reversed when you think about it. Bush just extended the length one can get unemployment insurance. So in a way, republicans are actually advocating social welfare while democrats are advocating employing the people. Scary, huh?

yeah, any man can fuck up the nation, no matter what race you are.

Ooo, I'll get a job for this new group, Ingsoc

what is ingsoc?

zomg higher tax rates! I'll pay higher taxes for the greater good. "If America planted a microchip up my ass, I would say 'Thank You!'" (Red from 'That 70's Show'). Would you rather pay high taxes or live in Swaziland with AIDS? Hell any tax code that they get in this country doesn't come close to the rates paid in Canada and Europe. Quit yer fucking bitching. Americans complain when gas is in excess of 3 dollars a gallon. Wow, it was the equivalent to 8 fucking pounds in the United Kingdom the whole time...Europeans got with the program and picked up the bicycles and mopeds, meanwhile we gotta rock our Broncos like OJ and Zero.

That dude was right. America IS a nation of fucking complainers.

/Soapbox rant.

The problem is not simply paying taxes, it is what those tax dollars go towards and how taxes are structured. The US has some of the most punishing tax rates for businesses in the world, which is why so many US businesses have planted operations overseas. Tax dollars are wasted on bullshit entitlement programs that have resulted in a good portion of the population not taking responsibility for their own lives, because they know the government is there to hold their hand. That is not the purpose of government, at least not in this country.

And I'm sorry, but few European countries have figured it out either. Many still practice failed socialist policies that never have and never will prove to be successful. Healthcare over there sucks when compared to the US (and I'm not talking about cost, I'm talking about quality of care), there are ridiculous laws, and they have always had high unemployment.

For some comparison, US GDP is over 80% of the EU's (in USD), and we have 60% of the population that they do.

good post 2ndgen

People tend to forget that sub-prime lending started under a Clinton watch and failed under a Bush administration. You can place blame anywhere you want but the bottom line is Clinton had a part in the ruin our economy is in today. I dont want more bad judgement from either party and I feel if we are truly gonna have "Change we can believe in" we need new blood not someone from a past administration with Clinton agendas.

It gets even worse than that, most of you little shits were too young to remember the S and L loan failures....

But Neil Bush ( another some of Bush senior) was involved with that, making two bad loans for the tune of 100 million that the taxpayers had to eat. All of the deregulation caused in the Carter administration and the Reagan era.

In my book, both sides are to blame for this, it it always seems to be the Democrats cracking the dam while the Republicans fail to patch it up correctly.

LOL I'd love to have the S&L loans to payoff right now, drop in the bucket compared to this "Bailout". ;)

Obama expected to keep Defense Secretary Robert Gates , sources say

The bailout money you really have to worry about is what was paid to AIG, and what will be going to the big 3. There is no way in holy hell AIG is going to be able to service $150B, granted it isn't that much since part of it was a share purchase, and part of it was an asset purchase. I do question their ability to service the $60B line of credit from the government though. It is very unlikely that the big 3 will be able to pay back $25B unless some serious restructuring, sales improvement, and cost savings measures are put into place.

The money loaned to the banks will be returned, most of it anyways. Paulson really shit the bed when he decided to simply by a stake in the banks rather than relieve them of troubled assets. Why you ask? Well, here is why...

FASB (Financial Accounting Standards Board) rules dictate that assets be valued "mark to market". That means that any asset you hold on your balance sheet needs to be reported at the value you could get for it if you had to sell it right now. It is a good rule in many ways, but it is also a bad rule in many ways. The mortgage related assets that banks hold are not worth "nothing". In reality they are worth quite a bit, and will appreciate again. Problem is, at the moment their value has completely shit the bed, according to reporting standards at least.

Think about it like this. You own a $2 million dollar mansion on South Beach in Miami. A hurricane is supposed to hit next week. For some reason, you want to sell your house now. Do you think that you will get any reasonable offer for it? Hell no, you would be lucky to get any offer for it. However, does that mean that it is worth nothing? No, it doesn't. 3 months from now someone may be willing to pay you $3 million for it. It just so happens that the demand is not there at this point in time.

CHICAGO — President-elect Barack Obama fired a warning shot today at the top executives of the Big Three auto companies, saying that they should either agree to drastic reforms or be sacked.

...by hiring competent personal.
discuss.

Hillary Clinton as Secretary of State = EPIC FAIL.

Hillary Clinton as Secretary of State = EPIC FAIL.

i hope she doesnt free lance too much but i think she will make a fine usa bull dog.

Obama: Days of 'pork ... as a strategy' are over

i hope she doesnt free lance too much but i think she will make a fine usa bulldike.


Went ahead and fixed that for ya. ;)

Obama picks Nobel winner Chu to run Energy Department

Went ahead and fixed that for ya. ;)

funny

Chu is director of the Lawrence Berkeley National Laboratory in Berkeley, Calif., and is a leading advocate of reducing greenhouse gases by developing new energy sources.

"His appointment should send a signal to all that my administration will value science. We will make decisions based on the facts, and we understand that facts demand bold action," Obama said.

WASHINGTON – President-elect Barack Obama on Saturday named Harvard physicist John Holdren and marine biologist Jane Lubchenco to top science posts, signaling a change from Bush administration policies on global warming that were criticized for putting politics over science.

Both Holdren and Lubchenco are leading experts on climate change who have advocated forceful government response. Holdren will become Obama's science adviser as director of the White House Office of Science and Technology Policy; Lubchenco will lead the National Oceanic and Atmospheric Administration, which oversees ocean and atmospheric studies and does much of the government's research on global warming.

Holdren also will direct the president's Council of Advisers on Science and Technology. Joining him as co-chairs will be Nobel Prize-winning scientist Harold Varmus, a former director of the National Institutes of Health, and Massachusetts Institute of Technology professor Eric Lander, a specialist in human genome research.

"From landing on the moon, to sequencing the human genome, to inventing the Internet, America has been the first to cross that new frontier because we had leaders who paved the way," Obama said in announcing his selections in his weekly radio address. "Leaders who not only invested in our scientists, but who respected the integrity of the scientific process."

"Because the truth is that promoting science isn't just about providing resources — it's about protecting free and open inquiry. It's about ensuring that facts and evidence are never twisted or obscured by politics or ideology," he said. "I could not have a better team to guide me in this work."

By HOPE YEN, Associated Press Writer

WASHINGTON (CNN) -- A national poll suggests that three-quarters of the public thinks President-elect Barack Obama is a strong and decisive leader, the highest marks for a president-elect on that characteristic in nearly three decades.