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Thread: Employers add no net jobs in Aug.; rate unchanged

  1. #391
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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by 1Perry View Post
    TARP was nothing but an excercise of covering your ass. One can not pick and choose which rhetoric one buys is wrong and which is not.
    My post wasn't clear, economists claimed that TARP saved us from the depression because it bailed out the banks. I do not buy that argument nor did I support TARP. Some of the banks didn't even want the loans but were forced into them. in a free enterprise economy failure is an option

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post
    I didn't support TARP but the Great Depression was caused by the failure of the banks and TARP bailed out the banks preventing failure or so we were told.
    Why wouldn't you support that?

    Either way it was a Bush program not an Obama program. I would have let them fail but regardless those were loans and most of them have been repaid. Using the Savings and Loan crisis was no where near the magnitude of the TARP bailouts.
    Now you are buying into the B.S. in believing it's ben repaid..... Banks were billions in the hole. We gave them billions more. They were some how able to unbury themselves out of this billions of bad debt and also make enough to pay back the billions we gave them? No ****ing way.

    No, we placed the combined who knows how many billions of bad debt onto the books of Fannie Mae and are expecting the tax payers to pay it off. I've seen a few rumblings about placing this money back onto the backs of the banks and I certainly hope I do, but I'm not going to hold my breath.

    NO, it has not been paid back.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by pbrauer View Post
    You are correct, the S&L crisis wasn't close to this one, but they both revolve around deregulation, so that's the similarity. Republicans/conservatives hate regulations.
    And liberals hate addressing the failures of their leaders to lead it would seem.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post
    My post wasn't clear, economists claimed that TARP saved us from the depression because it bailed out the banks. I do not buy that argument nor did I support TARP. Some of the banks didn't even want the loans but were forced into them. in a free enterprise economy failure is an option
    Sorry, I wouldn't even repeat the lies if it was me.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by 1Perry View Post
    Why wouldn't you support that?



    Now you are buying into the B.S. in believing it's ben repaid..... Banks were billions in the hole. We gave them billions more. They were some how able to unbury themselves out of this billions of bad debt and also make enough to pay back the billions we gave them? No ****ing way.

    No, we placed the combined who knows how many billions of bad debt onto the books of Fannie Mae and are expecting the tax payers to pay it off. I've seen a few rumblings about placing this money back onto the backs of the banks and I certainly hope I do, but I'm not going to hold my breath.

    NO, it has not been paid back.
    I don't support it because I believe in consequences for failure. All the govt. did was reward bad behavior.

    yes, I buy it because it is accounted for. Most of the major banks have repaid, the problem is with Fannie and Freddie along with AIG.

    TARP Repayments Surpass Loans - WSJ.com

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by AdamT View Post
    Right, and why was it such a bad month? Could it be in large part because the stock markets took a dive as a result of the Republicans' idiotic debt ceiling stunt? Does it surprise you that companies were more hesitant to hire after seeing $4 trillion erased from their books in a single week? You mean dumbass Republican games DO have real world consequences? Shocked!!
    Tell you what buster, the experts say that Obama has to add about 250,000 jobs a month to catch up. So basically he is totally ****ed. Now you know a policy that will change all this around that's on the Democrat agenda? I doubt you do, but go ahead and take a shot at it.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post
    I don't support it because I believe in consequences for failure. All the govt. did was reward bad behavior.

    yes, I buy it because it is accounted for. Most of the major banks have repaid, the problem is with Fannie and Freddie along with AIG.

    TARP Repayments Surpass Loans - WSJ.com
    No, the problem loans were placed onto Fannie's books. This is how the banks were able to get out of their hole. That's not letting Fannie off the hook but TARP is going to cost us an incredible amount of money. The money Chrysler lost was a part of TARP also.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by 1Perry View Post
    No, the problem loans were placed onto Fannie's books. This is how the banks were able to get out of their hole. That's not letting Fannie off the hook but TARP is going to cost us an incredible amount of money. The money Chrysler lost was a part of TARP also.
    Chrysler/GM was indeed part of TARP but the repayment by the major banks is accurate. Freddie, Fannie, AIG are disasters and continue to be disasters. Wells Fargo didn't want the loan nor did Chase.

    TARP bailout to cost taxpayers $25 billion: CBO | Reuters
    Last edited by Conservative; 09-03-11 at 10:06 PM.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by 1Perry View Post
    And liberals hate addressing the failures of their leaders to lead it would seem.
    Bush led us into a war in Iraq that was a giant waste of money and blood. Sad but true.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post

    Just wondered, why is it that results don't matter to you?
    The astounding irony of that aside, maybe for the same reason results didn't matter to you when you voted to give Bush 4 more years.

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