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Thread: Obama: Economic crisis 'not as bad as we think'

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    Re: Obama: Economic crisis 'not as bad as we think'

    Quote Originally Posted by ludahai View Post
    Nothing like that of course. However, interesting that he was talking down the economy as a candidate and while the economy is WORSE now, he is telling us it isn't so bad. While I am doing fine, I have a lot of friends who are not doing well on both sides of the Pacific. Tell THEM the economy isn't so bad.
    The economy sucks major moose meat, that's how bad it's doing. The only thing holding up the stock market is magic. Which means nothing's holding it up.

    Obama is lying his ass off because if he spoke the truth, people would understand that he's too ignorant to fix it. Since he's doing everything he can to make it worse, it's not going to get better, and that's a fact.

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    Re: Obama: Economic crisis 'not as bad as we think'

    Quote Originally Posted by BulletWounD View Post
    The economy will recover. All he needs to do is step back and leave it alone! In the meantime, he can work on CUTTING spending and then when we're in better shape he can start CUTTING taxes. But why should we do that? DEBT IS WEALTH!
    I totally agree - though targeted infusions to free up the credit markets would help. Unfortunately, all of this "stimulus" is treating the SYMPTOMS of the problem, but not the CAUSE of the financial disease.
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    Re: Obama: Economic crisis 'not as bad as we think'

    Quote Originally Posted by ludahai View Post
    I totally agree - though targeted infusions to free up the credit markets would help. Unfortunately, all of this "stimulus" is treating the SYMPTOMS of the problem, but not the CAUSE of the financial disease.
    Well, you can't expect crack addicts to step up and say their addiction is killing them until they're almost dead, and you can't expect socialists to admit socialism is killing everyone else until they're all dead.

    That's just the way the world works.

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    Re: Obama: Economic crisis 'not as bad as we think'

    Quote Originally Posted by ludahai View Post
    I totally agree - though targeted infusions to free up the credit markets would help. Unfortunately, all of this "stimulus" is treating the SYMPTOMS of the problem, but not the CAUSE of the financial disease.
    If we're going to spend money at all, we should be using it to help people pay for their mortgages. Everybody wins from this arragement. But nooooooo, that's not an election winner. Then people will get "mad at him" for helping their neighbors pay off their mortgages while they're making payments on their mortgages. This is understandable, but its not like people are doing anything to help their neighbors who need help, it's always "It's not myyyyy responsibility." "MEMEMEMEMEMEMEMEMEMEMEMEMEME"

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    Re: Obama: Economic crisis 'not as bad as we think'

    Quote Originally Posted by Scarecrow Akhbar View Post
    No. I didn't vote for Obama. No way can I look like a fool.
    .....

    It's one thing to use teleprompters for major speeches, quite another to have to rely on them for basic day-to-day speaking.
    Exaggeration.
    What is it, he can't keep track of his own ideas, or he can't keep track of what his masters tell him his ideas are supposed to be?
    What are you talking about? His masters? You cannot even begin to validate that argument.
    You people made fun of Rove controlling Bush...who the hell is feeding the Obama-puppet his lines?
    Please provide me a quote where I "made fun of Rover controlling Bush". Please do.
    If he can't deliver speeches without a teleprompter, he's not articulate.
    What does it matter? He's either going to read it off of a teleprompter, or off of paper.. why does there have to be so much ****ing commotion on what he is reading his address off of?

    Quote Originally Posted by BulletWounD View Post
    I'm sorry. Could you explain to me how "we're all" responsible? I, for one, would laugh when I heard those advertisements "0-down adjustable rate mortgage! No credit? NO PROBLEM! No job? NO PROBLEM! No assets? NO PROBLEM!"
    Of course I was overacting a bit. But how this economy works, if someone is getting screwed and you know that this someone is getting screwed, and the screwing of this someone is going to effect the entire system, then it is your responsibility to politely remind them that they are ****ing it up for the rest of us; smoking and fitness ads come to mind.
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    Re: Obama: Economic crisis 'not as bad as we think'

    Quote Originally Posted by BulletWounD View Post
    If we're going to spend money at all, we should be using it to help people pay for their mortgages. Everybody wins from this arragement. But nooooooo, that's not an election winner. Then people will get "mad at him" for helping their neighbors pay off their mortgages while they're making payments on their mortgages. This is understandable, but its not like people are doing anything to help their neighbors who need help, it's always "It's not myyyyy responsibility." "MEMEMEMEMEMEMEMEMEMEMEMEMEME"
    Paying off other peoples mistakes by taking more from those who were responsible is immoral.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Obama: Economic crisis 'not as bad as we think'

    Quote Originally Posted by MrVicchio View Post
    Paying off other peoples mistakes by taking more from those who were responsible is immoral.
    Tell me about it. I am sick of being made to take the hit for decisions made by those both above and below me in the economic ladder (I am solidly middle-class) that resulted in this mess.
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    Re: Obama: Economic crisis 'not as bad as we think'

    Quote Originally Posted by MrVicchio View Post
    Paying off other peoples mistakes by taking more from those who were responsible is immoral.
    I agree with you, but look what we're doing now. We're taking money away from responsible people and giving it to irresponsible financiers and buying out failed businesses. They're just foreclosing on people anyway. Freedom is a two-sided coin. Yes, you have to be responsible for your actions but at the same time you have to be willing to help others when they need it. PEOPLE ARE SHOWING THEMSELVES COMPLETELY UNWILLING TO VOLUNTARILY HELP OTHERS. You want to know what the root of the financial crisis is? It's not Alan Greenspan or cheap mortgages... IT'S GREED! People got greedy and bought houses they couldn't afford. Brokers got greedy and sold it to em for an extra buck. Banks got greedy and bought these ridiculously overvalued assets. There's greed EVERY STEP OF THE WAY. If we want to solve the problems facing this country, we HAVE to erase the culturally embedded greed. This dog-eat-dog, not-my-problem, doesn't-affect-me attitude is killing us! It's nothing we can change from the top, as Obama seeks to do. This has always failed and will always fail. As always, the change must come from the bottom and it starts with you and I.
    Last edited by BulletWounD; 03-13-09 at 10:07 PM.

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    Re: Obama: Economic crisis 'not as bad as we think'

    Quote Originally Posted by BulletWounD View Post
    I agree with you, but look what we're doing now. We're taking money away from responsible people and giving it to irresponsible financiers and buying out failed businesses. They're just foreclosing on people anyway. Freedom is a two-sided coin. Yes, you have to be responsible for your actions but at the same time you have to be willing to help others when they need it. PEOPLE ARE SHOWING THEMSELVES COMPLETELY UNWILLING TO VOLUNTARILY HELP OTHERS. You want to know what the root of the financial crisis is? It's not Alan Greenspan or cheap mortgages... IT'S GREED! People got greedy and bought houses they couldn't afford. Brokers got greedy and sold it to em for an extra buck. Banks got greedy and bought these ridiculously overvalued assets. There's greed EVERY STEP OF THE WAY. If we want to solve the problems facing this country, we HAVE to erase the culturally embedded greed. This dog-eat-dog, not-my-problem, doesn't-affect-me attitude is killing us! It's nothing we can change from the top, as Obama seeks to do. This has always failed and will always fail. As always, the change must come from the bottom and it starts with you and I.
    on greed: You do know what Adam Smith's invisible hand is, right?

    So the money that is taken away from the responsible, by the irresponsible government is a greedy step, yet we have to be responsible enough to help others in need? Seems like you've got some problems in your post.
    If all the steps contain greed, then the responsible are also greedy.
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    Re: Obama: Economic crisis 'not as bad as we think'

    Quote Originally Posted by Arch Enemy View Post
    on greed: You do know what Adam Smith's invisible hand is, right?

    So the money that is taken away from the responsible, by the irresponsible government is a greedy step, yet we have to be responsible enough to help others in need? Seems like you've got some problems in your post.
    If all the steps contain greed, then the responsible are also greedy.
    I didn't say I thought it was OK to take money from people. At least that's not what I meant. I'm saying since Obama is so intent on taking money from people anyway, I'd rather it be going to pay off mortgages. I think there's a better way and that's to encourage people to give voluntarily. Lassez-faire economics without voluntary giving would create a pretty ****ty world. Wouldn't you agree? This is why libertarians traditionally emphasize charity in replacement of social programs. They preach it, they just don't practice it.

    And yes, one can be responsible for himself but yet fail to be responsible to his community. It IS our responsibility to help our community but the help must be voluntary otherwise it's meaningless.

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