Future of Credit

[classicman]

Originally Posted by Redux

You guys dont like the recovery program to help stabilize the economy that was on the verge of collapse....but you dont have a better solution.

Bush spent money like water. The TARP plan has its deficits and that is a fact. Should all that money have gone to the banks? I don't think so. But I also don't have all the facts so anything I would say is speculation - same as anyone else.

You guys dont like the legislation passed by the House last year to regulate the housing finance marketing, derivatives and related financial instruments, and to require large banks to self-fund (in advance) any future potential bail-outs....but you dont have a better solution.

How's that going? Seems like the money isn't getting to those who need it. I'm blaming the banks right now, but again I don't have all the info needed to make a better assessment. Neither do you.

You guys dont like the Obama proposal to tax exorbitant salaries of bank executive or fees on largest banks to recover more TARP funds...but you dont have a better solution.

Two separate things, taxing the high end of the income has, I believe, shown to decrease job creation.
I think the banks should be scrutinized much more than they are. Why isn't the money available to those who need it? Why aren't the banks lending? Why? why? why? The "too big to fail" are getting even BIGGER! Why?

Get the people working and get the money flowing. Once people are at work, He'll be able to do just about anything. If nothing else Bush proved that.

Oh, you missed the healthcare issue - Get the friggin thing done in pieces. Have a vote on pre-existing conditions. Have another on the medicare issue. Another on additional coverage for more Americans. Do them separately and make them all vote yea or nay on the issues. Lets make these politicians vote on the issues that are most important so we can really see who is for what and against what. By putting it all together it became a clusterfuck. Get some of this done in smaller pieces instead of a mammoth bill that no one really understands. That's been my belief since the beginning. Dealing with the costs has to be in there as well, but I think trying to do it wholesale was a mistake. If it was that good a bill with the super majority the "D"s had it should have flown thru. Especially if the unemployment issue wasn't so large.

Perhaps that was the problem - unemployment and timing.
I'm not just bashing Obama, perhaps it comes across that way, but I'm friggin pissed at all of them and the games they are still playing, the earmarks, the trips, the frivolous spending . . .
Global warming and "Don't ask don't tell" and some of the other issues are tertiary to me, at best. He's gotta get people working.
How to do that? If I knew that I'd be rich.

Oh, and just saying its all Bush's fault, wacko extremists, 80%, blah blah blah, ad-nauseum doesn't help.

[Happy Monkey]

Originally Posted by classicman

Oh, you missed the healthcare issue - Get the friggin thing done in pieces. Have a vote on pre-existing conditions. Have another on the medicare issue. Another on additional coverage for more Americans. Do them separately and make them all vote yea or nay on the issues.

You can't do the preexisting conditions without universal coverage. If you didn't have to buy insurance, and you knew an insurance company had to take you on if you got sick, you would only buy insurance when you needed it. But insurance is based on the idea that there are enough people in the system who don't need it at any given time to pay for the ones who do.