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Gimp
Trad climber
Missoula, MT & "Pourland", OR
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Degaine,
While it is true Bush signed Tarp into action, president elect Obama firmly embraced the bill and worked hard to get it passed.
Even ABC reported on this cooperation.
Also I believe both the senate and house were controlled by the dems in 2009.
Just a note to clarify history a little.
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dirtbag
climber
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Tarp, as distasteful as it was, largely saved us from a full blown depression. Bush did the right thing pushing for its passage.
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Norton
climber
The Wastelands
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and how did President Obama go about limiting the bailout to the big investment banks?
all this time I thought it was congress who passed TARP, stupid me being told Presidents don't pass laws..
by the way, what would you have done in 07-08 if somehow you were in charge?
just let all the financial houses go under in a domino effect?
what would that have accomplished versus saving them?
do you also disagree with the congress creating TARP when Bush was President?
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dirtbag
climber
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Well, we’ll never find out for whom, fortunately.
But many working Americans were greatly affected by the recession we endured, though.
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John M
climber
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a full blown depression would have hurt everybody. What we needed to do was bail them out, then make them pay it back. then figure out a way to stop allowing businesses to grow so large that they become too big to fail. We did make them pay the money back, I believe. So it wasn't a complete loss.
I'm with RobertL, I don't believe Obama did that great of a job. But at the same time, the republicans are also fully off the rails. I find it hard to believe just how messed up our country has gotten. So messed up that some people think that Trump is a good thing. Thats messed up. But also so messed up that others think Hillary would have been a good thing.
RobertL is right. Its the behind the scenes money that we need to focus on. Maybe a few here can focus on more then one thing, but the average american can't. So our country just keeps getting played.
What I want to know from the trickle down believers is..... If it is the wealthy who create jobs, then why isn't America flourishing, since the wealthy are wealthier then they have ever been?
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High Fructose Corn Spirit
Gym climber
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re: Gavin Newsom
Hi Dingus,
what is this baggage you speak of that he would bring with him. I am not aware.
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guyman
Social climber
Moorpark, CA.
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I'm with RobertL, I don't believe Obama did that great of a job. But at the same time, the republicans are also fully off the rails. I find it hard to believe just how messed up our country has gotten. So messed up that some people think that Trump is a good thing. Thats messed up. But also so messed up that others think Hillary would have been a good thing.
John M ..... that is the most clear headed political statement I have ever read from you. Very Good.
It was all a lie – one of the biggest and most elaborate falsehoods ever sold to the American people. We were told that the taxpayer was stepping in – only temporarily, mind you – to prop up the economy and save the world from financial catastrophe. What we actually ended up doing was the exact opposite: committing American taxpayers to permanent, blind support of an ungovernable, unregulatable, hyperconcentrated new financial system that exacerbates the greed and inequality that caused the crash, and forces Wall Street banks like Goldman Sachs and Citigroup to increase risk rather than reduce it. The result is one of those deals where one wrong decision early on blossoms into a lush nightmare of unintended consequences. We thought we were just letting a friend crash at the house for a few days; we ended up with a family of hillbillies who moved in forever, sleeping nine to a bed and building a meth lab on the front lawn.
xCon..... very good also.... but at least we didn't end up with a Arkansas born and bread extended Family.... jest saying.
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rottingjohnny
Sport climber
Sands Motel , Las Vegas
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What's troubling about the Russian collaboration fiasco is that Kislyak , a Russian , was asking Flynn to ease economic sanctions leveled by Obama against Russia while Obama was still President...Is it normal protocol for an American non-government citizen to be taking money from a hostile government and secretly cutting deals while undermining American foreign policy...? treason come to mind...A few other Trump campaign staff have been indicted for lying about the same contacts which leads one to believe that the ring-leader knows more than he's letting on.. McCarthy must be rolling over in his grave...
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im kin
Social climber
one step ahead of ruin
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i've climbing into mccarthy's grave
and rolling around with him.
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rottingjohnny
Sport climber
Sands Motel , Las Vegas
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im kin....Don't forget to tidy up before you leave....rj
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Patrick Sawyer
climber
Originally California, now Ireland
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IMO, this is not what makes America great.
This is…
http://www.bbc.com/news/av/technology-41669803/how-a-graphene-tattoo-could-monitor-your-health
http://www.bbc.com/news/av/technology-42161379/schoolgirl-invents-low-cost-lead-detecting-device
They are not 'white', perhaps not even US citizens (I'd think the young girl is, I don't know), but they contribute to society.
We are a diverse nation, but have many lost the plot? Have we not learned from the past?
EDIT
paintball park?
Jim that is so yesterday, it is laser tag now.
Whether or not there was collusion between Trump and the Russians, I think it is safe to say, or at least assume, that Putin is laughing his ass off at the division in the US, the breakdown and polarization of American society.
Calexit? Who was behind one of those websites? Not me.
I have written it before and will again. He no doubts blames the US for helping to create the breakup of the ‘mighty’ Soviet Union. Putin wants payback (understandably I suppose). Anybody who may think otherwise is kidding themselves. A totalitarian kleptocracy is not a friend of a healthy democratic society. And I hear the rumors he is hoarding some $200bn. How do I become a dictator? I have bills to pay.
And Donald Trump must be one of the most honest people on the face of this earth, or the biggest delusional pathological liar this country, indeed the world, has seen.
It is your choice, you decide. I have already, sometime ago. I look at facts, at least try to.
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Norton
climber
The Wastelands
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It was all a lie – one of the biggest and most elaborate falsehoods ever sold to the American people. We were told that the taxpayer was stepping in – only temporarily, mind you – to prop up the economy and save the world from financial catastrophe. What we actually ended up doing was the exact opposite: committing American taxpayers to permanent, blind support of an ungovernable, unregulatable, hyperconcentrated new financial system that exacerbates the greed and inequality that caused the crash, and forces Wall Street banks like Goldman Sachs and Citigroup to increase risk rather than reduce it
you could not be more wrong
all of the TARP money was paid back to us taxpayers, and by stabilizing the big investment banks the US Congress avoided a full blown economic collapse, bad enough that the worst depression since the 1930s was in effect with job losses at some 700,000 a month and over 15 million American jobs lost, stock market cut in half from 14K to 7K
The Democrats created the Dodd-Frank Financial Legislation as a result, which forces banks to act more like, gasp, banks and reduce very risky derivative trading in an effort to reign in the excesses that caused the bubble and economic collapse
By electing Trump and putting his fellow Republicans in charge of congress the American has demonstrated shocking amnesia by them now doing all they can by dismantling Dodd-Frank
only a naive fool who attempt to argue the TARP action was somehow wrong or misplaced
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dirtbag
climber
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If you’re looking for a perfect law to be created in a crisis situation, well, good luck.
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the Fet
climber
Tu-Tok-A-Nu-La
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In the beginning I though I'd rather keep Trump since Pence or Ryan are more competent and could make more progress on a far right agenda. For the record I wouldn't want a far left agenda either.
But the more I see of Trump the more I'm worried he'll do something really stupid, like a nuclear war with NK. So I'm hoping Trump is impeached because who knows what he'll do.
I'm also hoping for impeachment so Trump goes down in disgrace like Nixon did. He has done so much to undermine the respect and dignity that went with the office. I want him out before future leaders think they can get away with this kind of terrible behavior.
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rottingjohnny
Sport climber
Sands Motel , Las Vegas
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Alec Baldwin would make a fantastic replacement if Donald gets evicted...
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dirtbag
climber
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In the beginning I though I'd rather keep Trump since Pence or Ryan are more competent and could make more progress on a far right agenda. For the record I wouldn't want a far left agenda either.
But the more I see of Trump the more I'm worried he'll do something really stupid, like a nuclear war with NK. So I'm hoping Trump is impeached because who knows what he'll do.
That’s how I see it.
The choice is very bad vs. dangerous. Very bad wins.
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Norton
climber
The Wastelands
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homeowners of color strongly disagree
is that right? well, after owning both a mortgage company and title company and originating, processing and closing thousands of residential mortgages of all kinds, I am especially interested in hearing you expand on your above statement
do tell us why "homeowners of color strongly disagree"
will have to check back later, going to doctor appointment
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EdwardT
Trad climber
Retired
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I have written it before and will again. He no doubts blames the US for helping to create the breakup of the ‘mighty’ Soviet Union. Putin wants payback (understandably I suppose).
Right. Russia's meddling wasn't about getting an ally elected. It was about get the most disruptive person in office. Putin wants help us dig our grave. He seems to be doing a good job.
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dirtbag
climber
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Robert : those issues are very important to me too. I share your concern.
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