The Cellar - View Single Post

03-30-2009, 10:11 PM

At some point, hopefully soon, we (here in the Cellar, our representatives in Congress, folks on Main Street and Wall Street,...) can all stop looking back and bitching about what went wrong and focus on moving ahead and attempting to fix it and prevent or minimize the possibility of it from happening again....unless you believe its nothing out of the ordinary and will “fix itself.”

You can blame Clinton and Republican Congress and Bush and the Democratic Congress...and what does that accomplish? You can blame Wall Street greed or personal financial irresponsibility. There is plenty of blame to go around.

IMO, we need a mix of programs to move forward.....and its gonna cost a hell of a lot of money.

Programs to stimulate jobs, restore credit to consumers and small businesses, help responsible homeowners who may be facing foreclosure through no fault of their own because it is in the community interest to do so, regulate or at least impose greater oversight on the banking/financial services industry, and yes, bail out some companies, whose failure would adversely impact much of the above, and address the broken health care system.

I dont agree with all of Obama's proposals.

I would have preferred more of the stimulus to have focused on job creation and less in non-stimulative tax cuts.

I would prefer to see even far greater regulation of the banking/financial services industry than Obama is proposing and a far lesser role for the Federal Reserve.

I fully agree with his home mortgage assistance program...but I would like to see greater protections in the future in the form of stiffer penalties for predatory and fraudulent lending.

I would like to see greater credit card regulation and disclosure requirements.

I have no idea what to do about the American automobile industry.

What I'm tired of hearing is the endless bitching and finger pointing....with little offered in the way of positive or constructive proposals.

You dont like Obama's stimulus proposal...then suggest something else.

You dont like his proposed regulations of banking and financial services or sharing the burden of buying up toxic assets that should encourage greater credit...then offer an alternative.

You dont like his budget proposal with a serious commitment to health care reform...then propose another way to control the cost of health care that will result in more affordable and accessible health care.

And try to keep it real.

Who the hell knows if the current proposals costing in the $trillions over the next few years will succeed or not.

Bitching, whining and finger pointing wont accomplish anything.

03-30-2009, 10:11 PM	#373
Redux Guest Posts: n/a	At some point, hopefully soon, we (here in the Cellar, our representatives in Congress, folks on Main Street and Wall Street,...) can all stop looking back and bitching about what went wrong and focus on moving ahead and attempting to fix it and prevent or minimize the possibility of it from happening again....unless you believe its nothing out of the ordinary and will “fix itself.” You can blame Clinton and Republican Congress and Bush and the Democratic Congress...and what does that accomplish? You can blame Wall Street greed or personal financial irresponsibility. There is plenty of blame to go around. IMO, we need a mix of programs to move forward.....and its gonna cost a hell of a lot of money. Programs to stimulate jobs, restore credit to consumers and small businesses, help responsible homeowners who may be facing foreclosure through no fault of their own because it is in the community interest to do so, regulate or at least impose greater oversight on the banking/financial services industry, and yes, bail out some companies, whose failure would adversely impact much of the above, and address the broken health care system. I dont agree with all of Obama's proposals. I would have preferred more of the stimulus to have focused on job creation and less in non-stimulative tax cuts. I would prefer to see even far greater regulation of the banking/financial services industry than Obama is proposing and a far lesser role for the Federal Reserve. I fully agree with his home mortgage assistance program...but I would like to see greater protections in the future in the form of stiffer penalties for predatory and fraudulent lending. I would like to see greater credit card regulation and disclosure requirements. I have no idea what to do about the American automobile industry. What I'm tired of hearing is the endless bitching and finger pointing....with little offered in the way of positive or constructive proposals. You dont like Obama's stimulus proposal...then suggest something else. You dont like his proposed regulations of banking and financial services or sharing the burden of buying up toxic assets that should encourage greater credit...then offer an alternative. You dont like his budget proposal with a serious commitment to health care reform...then propose another way to control the cost of health care that will result in more affordable and accessible health care. And try to keep it real. Who the hell knows if the current proposals costing in the $trillions over the next few years will succeed or not. Bitching, whining and finger pointing wont accomplish anything.