Is Obama Intentionally Destroying our Economy [Reader Post]

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I was asked that question recently by a friend in California via email, and I admit, this was something I have pondered a lot. Rush Limbaugh believes that Obama is intentionally destroying our economic system, so that, the largest structure, government, can simply pick up the pieces and take over, once our nation collapses.

There is one big problem with this theory: maybe it is true and maybe it is false, but this approach is unlikely to convince an independent, who is sitting on the fence, unsure about what is going on.

Calling Obama a Communist or a Marxist or likening him to Hitler will elicit the same response. First of all, he is certainly not a Marxist, although he has some Marxist ideas and leanings, and I seriously doubt that the President is going to start putting Jews into interment camps. Sure, he might abandon Israel, but that is no different than Carter.

Even calling Obama a socialist is not a convincing approach. First of all, there is a large segment of our population who actually believe that there is social and economic justice to be found in some sort of a socialist system, simply because there are huge numbers of people who are not very smart about history—or, even current events. Our president probably is, more than anything else, a European-style socialist, but this label simply is much less damaging than the reality of our becoming a European-style, socialist democracy.

My point here is, you may still think Obama is a Marxist and has this great plan to destroy the United States through making our economy collapse, but I would not use these ideas to speak to those who are on the fence about his presidency.

Instead, I would focus on what is clearly true: President Obama has never run anything before in his life. He has not had a large business, a small business, or even a lemonade stand. So, when it comes to running the most powerful corporation in the world—the United States—he is simply ill-equipped to do so. Now that is an easy argument to make to someone else.

Furthermore, President Obama is fundamentally fixed on big government solutions. If something breaks, if something isn’t right, if there is some inequity in the nation, this is something to be solved by more taxes, by more governmental agencies, and more governmental control. And he will promise that, all he will have to do is tax the rich a couple more dollars—they can afford it—and everything will be all better, because his administration will act “carefully and decisively to fix the problem.”

By this time in Obama’s presidency, if someone is willing to discuss politics with you rationally, and knows something, then those are two easy points to make (1) Obama has no experience and (2) he defaults to a big government solution. It is not difficult to show anyone with an open mind, this is what is going on.

Our economy was in recession, and the President sold us on a stimulus bill plan which was about 6X larger than any stimulus bill that had ever been passed previously, and at no time in our history has a stimulus bill ever clearly jump-started the economy.

He promised that unemployment would go no higher than 8.5%, and then come back down again; he told us that both conservative and liberal economists believed that this was a good approach to the problem (conservative economists which I read were very much against the bill), and the end result was a bill which spent $800 billion with no measurable positive results (apart from his people getting out there and saying, after the fact, “Well, the recession would have been much worse”).

If you want to go further into this particular bill, blue districts received about twice the money that red districts received, and yet, there is no discernable difference in the economic impact between red and blue districts.

This pattern has continued throughout the past year + of his presidency. He took of GM motors, he proposed to tell Chrysler how to survive their problems, and, in the recent healthcare bill, he took over the entire student loan industry, which will put tens of thousands of people out of work.

The pattern is the same: he exudes great confidence about things which he knows nothing about; he has no experience in these areas which he proposes to fix, and his incompetence is clearly seen in the results.

Another example is Obama’s mortgage program, where $75 billion was to be spend by the government in order to help 3–4 million good Americans stay in their homes. This was known as the Home Affordable Modification Program (HAMP). Again, more and more federal bureaucracies, lots of money spend, a big government solution, and the end result? Less than 20% of those Obama promised to help got help. Furthermore, we do not know the long-term results of those who were helped. Will they actually stay in their houses, or, a few months or years down the road, will they end up defaulting again?

The passing of the recent healthcare bill is the same. Because of some women who was wearing her dead sister’s old dentures and other such sad stories, President Obama proposes to take over the healthcare system, put over 100 new government agencies in charge of it, and spend billions of dollars, and yet somehow, almost magically, he promises that healthcare will become more affordable to all, more people will have healthcare insurance, that this will reduce the deficit, and healthcare will be made all better. More government, more government spending by a man who knows nearly nothing about running anything.

So, among your conservative friends, it might be enjoyable to shoot the bull, and discuss what President Obama envisions for America and whether or not he wants to bring our country down. Does he worship at the altar of Karl Marx? Might be fun to argue over a glass of wine. I would not suggest that this is a good approach when speaking to others who are not like-minded.

What is clear, and not hard to argue to anyone with an open mind is, the President has no executive experience, but he favors big government solutions and dramatic spending by the government, but without clear, positive results. About 60–70% of our population understands that you do not put somewhat with no experience in the pilot’s cockpit. That percentage would prefer less government, not more. That percentage would prefer less government spending, not more. It is this overwhelming percentage who will change history by electing a new Congress and, in less than 3 years, a new president.

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@Smorgasbord: What about some kind of “ignore” button where the offenders comments aren’t displayed on your screen?

Let’s bounce that idea up to our Lord and Master El Curtbo who is doing the blog redesign!

@Mike’s America: I agree Mike, and one reason he was sent to moderation que. I’m very hesitant to bring out the ban stick lest I become known as the new Charles Johnson, god forbid. If he does continue the sly, childish, keyboard threats I won’t hesitate any longer.

@Mike’s America: I like that idea even better.

@Mike’s America:

The question is whether I would have reached the same conclusion regarding today’s KKK Dems without having to endure the Grand Distraction away from the subject of the post.

Taking a brief break from the gardening for a quick bite of lunch and some FA blogging.

I was thinking this morning about what you said above regarding these distractions and how they functioned as a catalyst for your thinking process.

I had the same realization last night.

In the video that I linked above, historian David Barton pointed out how pressure from the KKK was applied to blacks who supported, or appeared to support, the Republican Party as well as the Republicans themselves.

Barton pointed out how, if the persons being pressured knuckled under, and supported the Dims instead, the pressure would be removed. Classic self preservation.

Hence the creation of the newest iteration of the Dim plantation system.

It’s quite remarkable what we’ve seen happen in our nations’ history.

Blacks who have moved to the Dim party are no longer under pressure of terror or lynching from the radicals of that party. They’re now toeing the party line. They’re reliable voters in the back pocket of “The Man.” Doing what they’re told. Getting a few crumbs from the Massa’s table in the process.

Blacks who choose the Republican party are, even today, considered Uncle Toms etc etc and are under tremendous pressure from the Dim side of the spectrum. Look at the way Clarence Thomas, Condi Rice, JC Watts, Michael Steele, etc etc have been treated by the Dims. Look at the way blacks who participate in, and support, the Tea Party are treated by the Dims.

Gotta keep them caged within the plantation. If they go off the plantation the system goes awry.

We’ve seen the question asked repeatedly “Why don’t blacks vote GOP?”

I think we may now have the answer. That answer is a thread that is woven back through the generations and is still alive and well today.

Mata —

You used the phrase “black theology doctrine.” As I said, I had never heard of it. And I did google the phrase and nothing came up.

The phrase “doctrine” implies that there is some kind of “rule” or precept that is universally accepted or at least understood. But since I have never heard your phrase, thought I would ask.

Now I ask again: what is “black theology doctrine”? Because when you search the phrase “black theology”, it is a generic term and a whole lot more comes up than Rev. Wright, obviously. Like Monroe Trotter, Martin Luther King, etc.

Now if you actually meant “black liberation theology,” which is what Wright is REALLY about, that, of course, would tie it back to its roots, which is the anticolonialism movement in Africa and Latin America. And that is all rooted in the Catholic Church and its battles with the Central American and South American dictators in the 60s and 70s and 80s. You know, the “be a patriot, kill a priest” t-shirts, the assassination of Archbishop Romero, the four Maryknole nuns raped and killed in El Salvador, yada yada yada. And acknowledging the linkage between Obama and liberation theology, and his community organizer days run out of Chicago’s Catholic churches on the South Side, and J. Wright and black liberation theologist Father Fleiger working hand in hand in Chicago . . . hmm . . . all of a sudden, Obama does not sound like a Marxist or a closet Muslim. Because you can’t be a Marxist or a Muslim if you are spending all your time in a movement that is really, at root, lefty Catholicism. But, hey, glad you brought up the subject, Mata. I am always happy to show your readers the other side of the coin.

You used the phrase “black theology doctrine.” As I said, I had never heard of it. And I did google the phrase and nothing came up.

So three words in a row, sans quotations, is now a “phrase” for you, billy bob? Would it make more sense if I said Black Theology principles? Doctrine was not capitalized, nor part of the “phrase” Black Theology. Therefore you, a Wiki addict, had only to search your favored reference site online to find Black Theology there… clear as day.

Doctrine is a separate word… a body of principles, teachings or instructions. That you ran them together into some new single definition appears to be your misconception for convenience.

But that aside, you attempted to set me up, just as I said, for some argument of Black Theology vs Liberation Theology… or Black Liberation Theology. There is philosophy, and there is practice. Much like Islam has a radical element, so does Liberation Theology when combined with Black Power “principles”… (feel better now?) You do, of course, remember the Black Power movement in the US… Black Panthers ring a bell? The same Black Panthers that Obama’s AG dismisses investigations or charges over their goon squads with billy sticks at voting precincts Nov 2008?

You suggest Wright is an advocate of a more benign teachings of Liberation Theology, as espoused by Cone in theory (but not in practice, as you will see below). But his personal history, sermons and writings prove your assumptions and defense are incorrect, and meritless. Were these “philosophies” and doctrine so harmless, Obama would not have gone on record stating he no longer attended that church, and did not share Wright’s outlook on topics of race, religion and American government.

After 20 years, he’s seen da light… hallejuhah. Horse pucky. That’s why those such as Van Jones and Jim Wallis wandered in the WH, and why Van Jones own past caught up to him.

Is it racist in it’s foundation? Yes. But don’t believe me… how about the words of Anthony Bradley.

Black theology exists because “white religionists” failed to relate the gospel of Jesus to the pain of being black in a white racist society.

For black theologians, white Americans do not have the ability to recognize the humanity in persons of color, blacks need their own theology to affirm their identity in terms of a reality that is anti-black — “blackness” stands for all victims of white oppression. “White theology,” when formed in isolation from the black experience, becomes a theology of white oppressors, serving as divine sanction from criminal acts committed against blacks. Cone argues that even those white theologians who try to connect theology to black suffering rarely utter a word that is relevant to the black experience in America. White theology is not Christian theology at all. There is but one guiding principle of black theology: an unqualified commitment to the black community as that community seeks to define its existence in the light of God’s liberating work in the world.

As such, black theology is a survival theology because it helps blacks navigate white dominance in American culture. In Cone’s view, whites consider blacks animals, outside of the realm of humanity, and attempted to destroy black identity through racial assimilation and integration programs–as if blacks have no legitimate existence apart from whiteness. Black theology is the theological expression of a people deprived of social and political power. God is not the God of white religion but the God of black existence. In Cone’s understanding, truth is not objective but subjective — a personal experience of the Ultimate in the midst of degradation.

Naw… not based in racist theory at all… sarc/

Black theology, which encompasses the myriad of the similar based doctrine, has it’s roots in liberal Marxism from the Western Liberation Theory out of Europe… not the Catholic Church. Think Hegel, Darwin and Marx, not the Pope.

Black Liberation theologians James Cone and Cornel West have worked diligently to embed Marxist thought into the black church since the 1970s. For Cone, Marxism best addressed remedies to the condition of blacks as victims of white oppression. In For My People, Cone explains that “the Christian faith does not possess in its nature the means for analyzing the structure of capitalism. Marxism as a tool of social analysis can disclose the gap between appearance and reality, and thereby help Christians to see how things really are.”

In God of the Oppressed, Cone said that Marx’s chief contribution is “his disclosure of the ideological character of bourgeois thought, indicating the connections between the ‘ruling material force of society’ and the ‘ruling intellectual’ force.” Marx’s thought is useful and attractive to Cone because it allows black theologians to critique racism in America on the basis of power and revolution.

For Cone, integrating Marx into black theology helps theologians see just how much social perceptions determine theological questions and conclusions. Moreover, these questions and answers are “largely a reflection of the material condition of a given society.”

Here’s another worthy excerpt from Bradley… which speaks none too kindly of Wright’s less than benign Black Theology brand of preaching and doctrine/principles.

Many black theologians believe that both racism and socio-economic oppression continue to augment the fragmentation between whites and blacks. Historically speaking, it makes sense that black theologians would struggle with conceptualizing social justice and the problem of evil as it relates to the history of colonialism and slavery in the Americas.

Is Black Liberation Theology helping? Wright’s liberation theology has stirred up resentment, backlash, Obama defections, separatism, white guilt, caricature, and offense. Preaching to a congregation of middle-class blacks about their victim identity invites a distorted view of reality, fosters nihilism, and divides rather than unites.

Saw your version. Seen far more that don’t gloss over the foundation as you attempt to do. As far as I’m concerned, checkmate on the status of Black Theology as both racist and marxist in origin and intent. But I suspected you’d made the ol’ college try for it anyway.

Mata —

A question: when and where did you learn about “black theology”?

Reading, billy bob… since Wright bubbled to the surface in 2008.

@ Bees…. wow.. this thread is hot and heavy with the white linens since I last checked in.

You wrote

DONALD it took a lot of deep thinking but theabo at the campfire had enouph of living and wanted to end his life the easy way so he trow the boomerang and look the other way ,,,bye

That’s too funny bees… I got to thinking about that technique, and the only way I would get a stick to come back to me is if there was a nearby dog, and with my luck it would be a Dingo and I’d be stuck with the phrase….. “The Dingo ett my stick”

DONALD there’s go the thread again and we know what to do with a boomerang,if we aim at the pelosium and it will come back as a palinium,you think they ett his stick? that’s funny like MISSY said,,bye 🙄

@Mike’s America: I am guessing what you mean by an “ignore” button is to be able to flag certain commenters not to have there comments sent to us. The problem with that is that even “offenders” sometimes have something intelligent to say. I don’t know what the answer is. The good thing is that it doesn’t take much reading to find out which ones don’t have much to say, no matter how long they take to say it.

One way would be to warn commenters to stick with the subject or risk being banned. Give one warning, then ban them for a certain length of time after the second offense. Third offense means banned for ever.

I am amazed by what programmers can do with computers. I still can’t get past the idea that the computer chip in my computer does all that it does without any moving parts. When I don’t have any moving parts, nothing happens.

@Curt: One thing BlackFive does in the comments I like is to have each person’s “response” to a comment under the original comment and a little to the right. If someone comments to that comment it will be under THAT comment and a little to the right. That way ALL of the comments people are making to each other are in the same area.

SMORGASBORD could work i i answer not right away or next days after? bye 🙄

Thought I would drop my oft repeated observation of the behavior of lefties.
As Brob, Tom, and RW have shown they cannot face reality and suffer from “pathological denial” of reality.
Even when given a historical list of dem racism, they pretend it doesn’t exist, or isn’t relevant–IF they address it all.
They then move to other subjects, move the goal posts for proof, or engage in major projection onto their opponents. This is all designed to avoid facing an ugly truth. The truth is they are NOT the wonderful, morally superior, intelectually superior, fighter for the downtrodden. To face this fact would destroy them.

Liberalism IS a mental illness.

Mata —

Reading what?

Everything, billy bob. From the extremist “Blank Panther’esque” left perspectives to the extremist Christian right perspectives… and giving more credence to those in the middle and the background history. My bookmarks are vast in almost two years, and certainly impossible to put all hotlinks online for you to peruse for your “approval”. I suggest you do your own homework. Because I’m guessing, from your response so far off the mark of history and reality, I’m more well read on the subject and players than you.

My bookmarks are vast in almost two years, and certainly impossible to put all hotlinks online for you to peruse for your “approval”.

I know you have all your stuff stored somewhere, but with the above comment, I decided to take a peek at your blog because I know there is soooo much there. This statement you made almost two years ago, the summer before the election kind of lept right at me. Tarot cards?

It has to be obvious even to the blissfully oblivious that Obama will be one expensive President to maintain.

😉

Ah, Missy. Feels like ancient history, girl. .June 2008… pre’FA author days at Sea2Sea, venting with my friend Alia. she was the powerhouse of the two of us. One only needs to ask Ward Connerly on that.

That’s actually the 2nd in the line of blogs we shared. She owned the first in name, and I was a “guest author”. That wasn’t going to do for her because she always encouraged me to write. So she started up the Sea2Sea as an official dual author presence. I do so miss her.

The particular post you’re speaking of is Obama, Spending and Lessons from Venezuela. Can’s say there’s one thing in that post I retract today, or that hasn’t come to fruition (or one step closer to…) today. Additionally, since then, Venezuela has sunk further down the fiscal tubes, but no one seems to grasp that parallel in our Congress.

But actually, that’s not the “bookmarks” I was speaking of, Missy. I’m talking about what resides on my computer. And between business and politics, (and a few personal like gourmet cooking and DIY home improvement), it drives me nuts to archive all the research I compile to do a single post/article. That’s because takes forever for my computer to first bring up the selection when I say “save to favorites”! tapping toes… tapping toes. Too big a database. I do know I need to clean things out, but I have over a decade of links under various subjects saved. And even that’s shaved down from an unexpected computer crash years ago with no back up. gasp…

I’m a research hound… just can’t throw anything away. And I know very well that the old links don’t always work, but I can usually find them by searching the title that’s archived anyway.

That stash of data? Too large for me to go thru to satisfy billy bob for his “read what” diversionary counter. You see, I know he’s playing the game… trying to switch the “burden of proof” to my shoulders instead of his. He’s attempting to turn attention from his mediocre middle school level essay that Black Theology is a Catholic creation. Spin, spin, spin.

I know where my stuff comes from. And I provided actually a link to one of the most knowledgeable on Black Theology history and analysis, to see just how curious billy bob was. It was a source he apparently didn’t bother to check out.

Bradley’s pretty extraordinary. Has a plethora of stuff I like to read just because I like how thorough he is. Then again, that’s why he has the PhD; a visiting prof at Kings College, a BS in biological sciences, a Master of Divinity from Covenant Theological Seminary, and a Doctor of Philosophy degree from Westminster Theological Seminary.

I’d mention his race, but that’s sooooo rich wheeler. LOL

MATA do not get rid of your precious reserve it is treasure to be found ,,you could print it in a book, i am sure someone would be able to use, thoses notations are will stand to time itself 🙄 bye

DONALD i wanted to note also that the wapos where regarding ..sticks.. as very precious elements in their life,so that could be why they create the boomerang,,nothing wasted and nothing lost in wild nature of those times and nessessity is the road to creativity,,bye 🙄

i might add that this post will never end,bye y’all 🙄

@Smorgasbord: What I had in mind was a button readers could click on the comment from a particularly obnoxious person so that by doing so, the future comments from that person would not be displayed on the particular thread. Not sure if such a thing is doable, but with the generosity of readers in our redesign fundraiser Curt has the $$$ to inquire should he chose to.

I’d like to see a thumbs up, thumbs down vote for comments too.

MIKE what if all wait for the next visiter to click and 3 days afterward i come in and click the button,,will it be okay? 😯

Bees….it would actually be for each reader. So, if you were to click the ignore button on a commenter you would not see that persons comments anymore but everyone else, who did not click that button, would be able to see the comment. It would have an option to unhide the comment also.

MIKE what if one offender click that button on all of us bye 😯

Now Bees… don’t you be getting all logical on Mike… LOL!

CURT good idea,you know i also wantd MIKE to laugh outloud a bit after what he went trough with thoses race bashing demo,,bye 🙄

@Mike’s America: As I mentioned earlier, I still don’t know how computer chips do what they do without any moving parts, so I don’t know what can and can’t be done.

You all will be able to figure out how you want YOUR blog.

SMORGASBORD CURT pick your idea and also MIKE’s idea and improve it,so that i could not beleive it could be done,i have to let him explain to you but it is a winner,tecnology is advancing faster than my brain, you might be surprise too although you are more advance than me for sure realy incredible,,bye 🙄

GARY ,thank you for having me on your very interesting post,i hope we hit the 200 comments for you 🙄

SMORGASBORD,just to say the ignore button must be to push on ingnorent commenters,,i hope you never push it on me,,bye,,i am trying to get the comments to reach 200 so you’ll have to do your share.. 🙄

@ilovebeeswarzone: I don’t know much about computers or winning. It sounds to me like you will have to supply an online “Commenting For Dummies” manual for me.

SMORGASBORG,it would be hard to find a book on the subject,,because there is many diffrent dummies,,some are pretend dummies,,some are sometimes dummies and some are always dummies some are bad dummies,i am a sometimes dummies, bye 🙄

CURT is WEEKLY OPEN THREAD erase?,,i went to see a link and when i came back it was erase

Post #198.. that is all

It’s 199 now, come on Beezy, take us over to 200! 😉

MISSY i just catch you on the side of the other post,, we did it,i am surprise because previously it was so low that donald mention it gone,GARY KUKIS you won the cup..thank’s to MISSY,that’s powerto be able to run down break the thread and zigzag our way to hillarious donald the dog ett my stick bye 🙄

MISSY,i am back,it’s so confy here,let’s try for 300,,bye 🙄

GARY KUKIS thank’s for very good advices,but it’s hard for the patriots to just stay cool when they see the bully at work,,we need thoses warriors to protect also the school children that are being bullyed and they are the type to face the wrong doing, from any bullying,,the patriots are of many diffrent type of work ,they’ many of them engage the ennemies at warzone,thoses who come back can easily spot verbal or written attacks by bullys,so as many bystander only whatch,,they will challenge the bullys ,,they are very precious and need to be respected for protecting,the people,who refuse to fight those 🙄

MATA,hi,i almost miss your comment,on121 to DONALD; i come late but i think the anwer to that what you said ;[some inventions are so obvious ,like the wheel,i wonder what took primitive men so long,to come up with that one; and why some cultures never thought of it;] well i feel that it’s because they where SQUARE HEADS,like some are still 🙄 square heads today:,bye

GARY,between 197 and 198,we lok like lost souls,i don’t know about DONALD BLY ;but for me;i am okay now,,bye 😯

Has anyone heard of the Tavistoch Institute of Human Relations, created under Hoover?
“Thus the whole thrust of this organization was to “democratize” the west by an attack on womenhood and the racial. moral spiritual and religious foundation upon the western civilization rested.” We have been subjected to the ever increasing propaganda generated by this group.
Who is promoting this? Who is the puppetier? The One World Government!
Don’t be caught up in racial ploys and party infighting. It is a very clever distraction!

What was that television commercial today saying?

General Motors has repaid their federal loans 5 years early, with interest.

That particular intervention seems to have been anything but destructive.

I was waiting for the lib/prog mentality to weigh in with an ill-informed “na naaa nanaaaaaa naaaaaa” here. Congrats, Greg. If we had a “math challenged of the year” award, you’d get it for being johnny on the spot.

Injection of reality… courtesy of “free” O’healthcare… for you.

By the end of June, Obama’s Government Motors will pay back $6.7 bil TARP loans.

But DOH! Obama’s invested over $50 bil in the past year. Should we ignore the $4.3 bil loss since the bail out to the end of 2009?

uh…. subtract $6.7 bil from $50 bil…. we’ll wait while you get a calculator.

Seems to me that out of the government free cash, they could have paid it back immediately. Wouldn’t that have been rich, if not believable? But no… they had to wait a few quarters so it seemed plausible to the oblivious. Yes, Greg… that would be you. But panic not. There is many a MSM pundit falling for the same.

Would you care to address the pension plan liability they’ve thrown on the back of the taxpayers?

What about those Q1 earnings. Are they spectacular? Or only spectacular when compared to last year’s losses? Grinning ghoul, Whitacre, plays a propaganda game in order not to spook “investors”…. mostly being the US taxpayer. But fact is, GM’s 18.7 percent Q1 market share is down nearly a full point from its 2009 number of 19.6 percent. Wow… progress. Count me bowled over…. NOT.

Or perhaps quarterly profits are optional as an indicator of health when you’re funded by the Obama admin, spending our money?

So let’s discuss Whitacre’s careful mincing of words that has you all in a’twitter for paying considerably less cash handed to them by the US taxpayer last year.

“In January, I said we could earn a profit in 2010, if everything falls into place,” Whitacre said in a memo to staff, which was obtained by Reuters.

“Our first quarter financial results will show us an important milestone, and I’m pleased to say that I anticipate solid operating results when we report our first quarter financials in May,” he said.

“…. an important milestone…”????

“…. anticipate solid operating results….”?????

And of course, those pension costs don’t get to figure into “success” on the books anymore since we’re on the hook for them, eh? Translation, it’s not enough to pay back the $50 bil…. how about making enough profit to pay that back, PLUS handle the pension load?

Oh my… reality offers a different perspective, don’t you think?

Your prediction of success is not only an indication of math deficiency, it’s a substantiation of your belief in the tooth fairy.

Another reality injection for you, Greg. Even Wapo points out that:

It will probably take years, however, before the government can get back the $50 billion it has put into GM. Even after the loans are repaid, the Treasury will continue to own about 60 percent of the automaker. The United States cannot sell its equity stake until the company has an initial public offering of stock.

But of course, all that depends upon the products that Obama decides they produce, and how well anyone in Europe or the US can afford a new car. Talk about counting chickens before the eggs were laid….

whooo hooooo! Break out the Bruts champagne….

@Greg… pay attention to MataHarley. Seems there’s always some slight of hand ongoing when it comes to TARP money paybacks… like the banks that made big fusses over paying back TARP money while failing to mention they paid said money back via offsetting tax breaks.

Hey buddy… I’ll give you a 5 billion tax break and you can pay the government back 5 billion the taxpayers gave you. Somehow in my narrow realm of reality… I’m getting a warm fuzzy feeling… no wait… that’s vertigo from getting bent over AGAIN…. Please Sir… the KY, can I have some more?

The million dollar question is why the Obama Administration would use Goldman Sachs as a sacrificial
lamb for the “alleged “Wall St. overhaul for accountability puposes, when they were the biggest contributor to Obama’s campaign and so connected to this administration and Bush’s adm. The European Times had a very interesting article relating to what the “true” purpose might be. Perhaps
the American taxpayer may be perpetually committed to bailing out the Wall St. banks, if legislated so.
Goldman Sachs has been involved in the banking fiasco in Greece, along with Obama backer and supporter and Bilderberger (One World Govt. financier,) George Soros. I believe that this is just a ruse,
Goldman Sachs will come out of this P.R. scheme richer and stronger.

@Rally ‘Round The Flag: The way I understand the bill it will have a “Too large to fail” list that will be kept from failing with a $50,000,000,000 emergency fund. Of course, we will have to put the money in the fund.

Well, those of you “on the fence”, please wake up to the reality that the Democrats, and Obama are on destroying the US!! I am sorry but you can no longer blame everything on Bush, although Obama still does, surely some people in the US have enough sense not to buy that BS anymore. PLEASE get out and vote in November and get these Democrats out of office, or Republicans for that matter if they voted for all these stimulus bills! Save our Republic!!!

@Carrie:

Three Republican Senators voted for the stimulus, Susan Collins, Olympia Snowe and that gnarly old Republican that jumped ship, never to make another Senate vote again…..Arlen Specter. That’s it… remember, the Republicans are the party of ‘No’ cept the above 2.0.

To date there are 120 Republicans running for Congress that have signed the Defundit.org petition, pledging to defund Obamacare should they be elected and Republicans take over the House. BTW, you can go sign the petition as it’s open to all.

I keep Randall Hoven’s “Who Are the Big Spenders” bookmarked, it comes in handy from time to time. He gives us debt history and statistics from the past administrations, who spent the Bush bailout, etc. Here you go:

http://www.americanthinker.com/2009/02/who_are_the_big_spenders.html

“THE HIGH OFFICE OF THE PRESIDENT HAS BEEN USED TO FOMENT A PLOT TO DESTROY THE AMERICAN’S FREEDOM AND BEFORE I LEAVE OFFICE, I MUST INFORM THE CITIZEN’S OF THIS PLIGHT.”
-A QUOTE FROM PRESIDENT J.F. KENNEDY IN A SPEECH MADE TO COLUMBIA UNIVERSITY ON NOV. 12, 1963, TEN DAYS BEFORE HIS ASSASINATION.

http://www.john-f-kennedy.net/thefederalreserve.htm
What was he talking about? J.F. Kennedy in Executive Order 11110 began printing U.S.Treasury
Notes, (Not Federal Reserve Notes), backed by silver. In November of 1963, just before his assasination the Treasury was printung out ten and twenty dollar bills backed by silver. After his
assasination…bingo…back to Federal Reserve Notes. Through the Federal Reserve, which has
not been audited, monitored or controlled by the citizens of our country or our representatives,
the European Banking Elites and New World Order supporters have control over our economy
and our destiny.
Obama is surrounded by Trilateralists, (NWO-one world govt. supporters), but so was Bush,
Clinton and George Bush Sr. Perhaps Ronald Reagan was the last President who actually had
America’s best interest at heart. The Dems. and some Rep. want the infighting because is a great distraction for the real agenda, a One World Government with the United Nations at the center. Unfortunately, some politicians in both parties have sold us out because the banking
elites are very powerful and dangerous. Before you vote, check and see if your candidate
is a member of the Transatlantic Policy Network, the Trilateral Commission or the Council on
Foreign Relations. These are all divisions of the N.W.O. Rather than becoming disenfranchised,
go to your local bookstore’s political science section and READ. Jerome Corsi Ph.D.’s
“America For Sale,” is a good book to start with. Wm. Greider’s book, “The Secrets of The Temple,” is a very good book about the Federal Reserve.
Be careful of some politicians passing themselves off as “Tea Party Reformists.” Many are
real, but others are wolves in sheep’s clothing. (Research your candidates carefully!)
This November election is critical. If conservatives do not take back Congress we will
not recognize this country in two years. We must vote for the candidates who will abide by
our constitution and our sovereignty!

Post Script:
We Americans should be furious that our Federal Reserve via the IMF has used our tax dollars to
bail out European Banks and European Union countries that are imploding, while our U.S. municipalities are laying off policemen, our children may be reduced to a four day school
week and our counties are bankrupt! When will this madness end? Americans must take back
the checkbook and the Fed. needs to stop printing fiat money!

@ Rally ‘Round The Flag: “The checkbook and the Fed. needs to stop printing fiat money!”

Maybe the corporate financial industry needs to cease cranking out and flooding the world economy with derivatives, which currently represent over $700 trillion in totally imaginary value. At the very least, they require much closer regulation. The derivatives bubble is so large that it makes the Fed’s printing of fiat currency look like the work of total amateurs.

Any serious attempt at intervention will, of couse, be characterized as another deliberate effort by democrats and the Obama administration to destroy the national economy.