[nycstripes]

It looks like Obama is quietly removing the "superstar" economic team members as of late. One by one they seem to be crawling back into academia, everyone except for Treasury Secretary Tim Geithner.
Think Obama is re-thinking his choice of the Keansean economist professors he chose to be his advisors? Personally, with the recent poll numbers, sagging economy and upcoming elections, I do.
Obama Economic Team Turning Over as Larry Summers Departs | The Rundown News Blog | PBS NewsHour | PBS

 

[Iceman_JD]

It looks like Obama is quietly removing the "superstar" economic team members as of late. One by one they seem to be crawling back into academia, everyone except for Treasury Secretary Tim Geithner.
Think Obama is re-thinking his choice of the Keansean economist professors he chose to be his advisors? Personally, with the recent poll numbers, sagging economy and upcoming elections, I do.
Obama Economic Team Turning Over as Larry Summers Departs | The Rundown News Blog | PBS NewsHour | PBS

I've got a different spin - Looks to me that the rats are jumping ship, I'm guessing that Timmy the tax cheat will bale next, in due time. Obama is no Clinton, he's unable to admit mistakes or change his stripes (No pun intended)

 

[nycstripes]

I think the WH is spinning it this way instead of saying Obama is firing them. Heaven forbid Obama admit his stupidity in the selection of these jackasses.

 

[20_RC51_00]

not sure but I think it might have been einstein that said something to the effect that 'trying the same thing and expecting different results is insanity'

if your doctor kep rubbing elephant dung and eye of newt into every problem you had and told you it was going to get better but things never changed would you think it time for a change? science allows medicine to progress, "academic research" in the field of economics is dubous at best, and is hardly objective, keynsianism is dead, it died a long long time ago but the masses are indoctrinated with it from the youngest of age. Does anyone ever recall learning anything about austrian economics? we all know about marxism, various socialist systems and keynsianism, from our school education but I would bet almost anything we were never introduced to the austrian theory. Whats worse is that we werent even given the fair chance at a logical rational based discussion. societies are innundated with ways to maintain the status quo and most don't even realise it. it's not different from nazi propoganda or any other for that matter except the specific message. this doesn't apply just to economics but every facet of culture and society. things are relative, that relativity is lost when you are within the frame of reference and unable to take a look at it from the outside.....or imagine what the outside looks like....

rant over

 

[Area 51]

There is more money in private life. This happens with every admin and all of you know it. Nice to see you get your deluded jollies though.

 

[nycstripes]

Call it how you see it, they failed miserably and they're creeping back into the college cocoons they came from. Everything works in the classroom, even socialism.

 

[Area 51]

Geez, how in the hell are they supposed to bring the economy back to where it was? Do they wave a wand to make it so? Or do they lower taxes? But wait, didn't Curious George lower taxes and didn't we then get a recession? Face it everyone, we are paying the piper for decades of decadence. The dip will continue until the cycle ends. Who's in charge at that time is just a matter of luck.

 

[nycstripes]

I thought dipshit socialism was going to be the answer to all of our problems??
What happened to Obama saving the universe? What happened to Obama having the answers and the magical economical dream team that creates jobs by the millions and bails out everyone's f'ed up home mortgage?

How's all the Hope/Change bullshit working for you now?

Back to our regular programming.

 

[RockyMt]

CLINK! :clapper

Semper Fi! :rockon

-Rocky-

 

[Area 51]

Again with the bogeyman socialism...boo!:wacky
What socialism are you refering to?
There has been little passed that even resembles socialism and that which does resemble socialism is in response to crisis largely created by deregulated capitalism expressing its whoring lust for wealth.

What happened to Obama saving the universe is Republican't deadweight lack of leadership. Obama was a fool to think he could move to the middle and bring all the beltway turds into one pile. A half-black Kenyan Islamocommie could never do that.

The home mortgage fiasco is indeed a failure though. Banks suck. Not sure where the blame lies though because, having lived responsibly and having been lucky enough to not have entered the housing market at the wrong time, I don't pay a lot of attention to the details. If I was underwater like the other saps that would be different. Off the top of my head I'd say the refi fail and the appointment of Geitner and Summers are Obamas biggest fails. Still a ton of bricks better than what came before Obama and what might come after.

 

[Old Fart]

I thought dipshit socialism was going to be the answer to all of our problems??
What happened to Obama saving the universe? What happened to Obama having the answers and the magical economical dream team that creates jobs by the millions and bails out everyone's f'ed up home mortgage?

How's all the Hope/Change bullshit working for you now?

Back to our regular programming.

Double, no make that a
TRIPLE CLINK

 

[Area 51]

Double, no make that a
TRIPLE CLINK

So poison is your drug of choice? Not too smart.

 

[RockyMt]

Tanqurey? POISON?!?! BLASPHMEY! :wtf

Semper Fi! :rockon

-Rocky-

 

[Old Fart]

There is more money in private life. This happens with every admin and all of you know it. Nice to see you get your deluded jollies though.

And your rationalization of money surfaces. Yet you will bash another political party if they do the same thing.
Money is needed to buy dope. There. We simplified it for you.


OBTY, Gin n tonics have a beneficial health benefit. They ward off scurvy. Or is it the limes.........

 

[nycstripes]

The home mortgage fiasco is indeed a failure though. Banks suck. Not sure where the blame lies though because, having lived responsibly and having been lucky enough to not have entered the housing market at the wrong time, I don't pay a lot of attention to the details. If I was underwater like the other saps that would be different. Off the top of my head I'd say the refi fail and the appointment of Geitner and Summers are Obamas biggest fails. Still a ton of bricks better than what came before Obama and what might come after.

Call is what it is, a massive failure of Fannie/Freddie to mandate that loans be given to deadbeats and those to would never qualify under normal banking rules. Messing with that caused the mess.. not just banks. There are badly run banks for sure and I believe that some of them made the loans knowing full well that the government program would bail them out on the shaky loans. Credit cards are another argument alltogether..those companies should have been allowed to fail. They gambled on people not being able to pay for what they owed and some got burned.
If the Government led by Barney Frank and company didn't dream up the idea that everyone gets a loan regardless of the ability to actually pay the mortgages, the financial situation in this country would be very different.
Now with Obama making a decree that the Banks refinance loans...the Banks are on their own to decide who gets money. Those same people who f'ed up their financial situation simply don't qualify and never did. End result..campaign promise broken and the deadbeats who wanted Obama to refinance their underwater mortgage are still drowning in self created debt hoping that the tax payers eat this one too.

 

[Area 51]

It's funny you'd mention Obama and Frank but leave out Bush. On second thought, it's par for your course. Let's see, what did Bush call it? Ownership society? Something like that. I didn't hear any Republican'ts complaining about Bush pushing for more risky loans back then. Probably a few did but come on, everyone was playing the housing game. All but a very few thought it would continue forever.

On the economy, I remember my brother in law saying we've entered a new economy - that profits didn't matter, it was all about cash flow, or some such nonsense. And he works for one of the bond rating agencies, one of the big ones. I deferred to his knowledge because I didn't want to start an arguement at a family dinner, but that just left me shaking my head. It was like a virus was going around. And now everyone is trying to blame the other guy. Sometimes it's like we don't know our ass from a hole in the ground. Take Israel, for instance... Or better yet, how about religion? You can learn about that in the thread I just started .

 

[Old Fart]

Look 51, admit it. Republicrats are both hosing the country. Yet you clamor for the donkey side and the assumed honesty and idealism as the panacea for our future. Now here's something you'll crap all over but the issue is black and white.

Obama is setting up his retirement scam.

Friday, September 17, 2010 7:48 PM
Subject: Connect the Dots - The Next Big Scam

The first part is a little boring, but stick with it. The second part
connects all the dots for you (it will open your eyes). The end explains how
Obama and all his cronies will end up as multi-billionaires.

A small bank in Chicago called SHORE BANK almost went bankrupt during the
recession. The bank made a profit on its foreign micro-loans (see below) but
had lost money in sub-prime mortgages in the US . It was facing likely
closure by federal regulators. However, because the bank's executives were
well connected with members of the Obama Administration, a private rescue
bailout was arranged. The bank's employees had donated money to Obama's
Senate campaign. In other words, Shore Bank was too politically connected to
be allowed to go under.

Shore Bank survived and invested in many "green" businesses such as solar
panel manufacturing. In fact, the bank was mentioned in one of Obama's
speeches during his election campaign because it subjected new business
borrowers to eco-litmus tests.

Prior to becoming President, Obama sat on the board of the JOYCE FOUNDATION,
a liberal charity. This foundation was originally established by Joyce
Kean's family which had accumulated millions of dollars in the lumber
industry. It mostly gave funds to hospitals but after her death in 1972, the
foundation was taken over by radical environmentalis ts and social justice
extremists.

This JOYCE FOUNDATION, which is rumored to have assets of 8 billion dollars,
has now set up and funded, with a few partners, something called the CHICAGO
CLIMATE EXCHANGE, known as CXX. It will be the exchange (like the Chicago
Grain Futures Market for agriculture) where Environmental Carbon Credits are
traded.

Under Obama's new bill, businesses in the future will be assessed a tax on
how much CO2 they produce (their Carbon Footprint) or in other words how
much they add to global warming. If a company produces less CO2 than

their allotted measured limit, they earn a Carbon Credit. This Carbon Credit
can be traded on the CXX exchange. Another company, which has gone over
their CO2 limit, can buy the Credit and "reduce" their footprint and tax
liability. It will be like trading shares on Wall Street.

Well, it was the same JOYCE FOUNDATION, along with some other private

 

[Area 51]

Look 51, admit it. Republicrats are both hosing the country. Yet you clamor for the donkey side...

I "clamor for the donkey side" (not the way I would say it) in memory of Terry Sciavo, as I once explained some time ago. Let's not get into it again. It brings tears.

 

[nycstripes]

Obama's cabinet continues to bail, today its the National Security Advisor.