Comments on: Obama To Use TARP Money To Lower Deficit? http://news.firedoglake.com/2009/11/12/obama-to-use-tarp-money-to-lower-deficit/ Sat, 20 Mar 2010 01:37:59 -0500 http://wordpress.org/?v=2.9.1 hourly 1 By: foxtrotsky http://news.firedoglake.com/2009/11/12/obama-to-use-tarp-money-to-lower-deficit/#comment-4354 foxtrotsky Fri, 13 Nov 2009 08:02:10 +0000 http://news.firedoglake.com/?p=1164#comment-4354 The way to maximize both economic and political returns is to make a huge production out of putting some small fraction of this money toward deficit reduction (say $15 billion, which is just enough to sound like a lot of money to people who don't really know what's going on, and just enough to clear the "non-trivial" bar for people who do), while quietly putting the rest toward stimulus and pretending that the resulting jobs were created by the original stimulus package (to avoid the political liability for that package having been too small). The way to maximize both economic and political returns is to make a huge production out of putting some small fraction of this money toward deficit reduction (say $15 billion, which is just enough to sound like a lot of money to people who don’t really know what’s going on, and just enough to clear the “non-trivial” bar for people who do), while quietly putting the rest toward stimulus and pretending that the resulting jobs were created by the original stimulus package (to avoid the political liability for that package having been too small).

]]> By: ekhornbeck http://news.firedoglake.com/2009/11/12/obama-to-use-tarp-money-to-lower-deficit/#comment-4290 ekhornbeck Thu, 12 Nov 2009 19:30:39 +0000 http://news.firedoglake.com/?p=1164#comment-4290 What an amazingly stupid idea. These idiots really have rejected Keynes. They are utterly, totally wrong. What an amazingly stupid idea.

These idiots really have rejected Keynes.

They are utterly, totally wrong.

]]> By: ManwithaParachute http://news.firedoglake.com/2009/11/12/obama-to-use-tarp-money-to-lower-deficit/#comment-4262 ManwithaParachute Thu, 12 Nov 2009 17:27:13 +0000 http://news.firedoglake.com/?p=1164#comment-4262 Obama's White House appears spastic. Certainly, there are many who will simply sit on their hands going forward when it comes to this version of the Democratic party because of this St. Vitus Dance style of leadership. He has at every turn talked like a DNC member and then behaved like a member of the Bush family. Obama pledged a transparent government...only he meant government you cannot see because it takes place behind closed doors. This White House has behaved just like Cheney. Obama is the rooster who invites the foxes into the hen house and closes the door so we the farmer are left to trust the rooster is making a deal with the foxes which will not result in the destruction of the eggs or the egg makers. At every turn, the White House has chosen the perpetrators and excluded the victims of these tragic events. Additionally, this White House has behave in two manners which have permanently undermined their leadership and authority. The float a position and then immediate pull back to placate the opposition. They have completely mismanaged the opposition and strengthened them at every turn. Then they refused to support those who have aligned themselves with the administration and who have taken a stand. HCR will end up being a mandate to by an increasingly more expensive product which will become less and less valuable. The only regulation added to the insurance industry will be applied to the consumers. When all is said and done, the insurance industry will still be allowed to discriminate against those who need it the most and those who can afford it the least. Main Street has been completely screwed by this administration while the crooks of Wall Street and Corporate world are given every hand out and reward for the damage they perpetuate. I keep thinking of the seen in Animal House where one character is getting smacked with a cricket bat in arse and retorts under the pain of the blow, "Thank you, may I have another!" Obama’s White House appears spastic. Certainly, there are many who will simply sit on their hands going forward when it comes to this version of the Democratic party because of this St. Vitus Dance style of leadership. He has at every turn talked like a DNC member and then behaved like a member of the Bush family. Obama pledged a transparent government…only he meant government you cannot see because it takes place behind closed doors. This White House has behaved just like Cheney. Obama is the rooster who invites the foxes into the hen house and closes the door so we the farmer are left to trust the rooster is making a deal with the foxes which will not result in the destruction of the eggs or the egg makers. At every turn, the White House has chosen the perpetrators and excluded the victims of these tragic events. Additionally, this White House has behave in two manners which have permanently undermined their leadership and authority. The float a position and then immediate pull back to placate the opposition. They have completely mismanaged the opposition and strengthened them at every turn. Then they refused to support those who have aligned themselves with the administration and who have taken a stand.

HCR will end up being a mandate to by an increasingly more expensive product which will become less and less valuable. The only regulation added to the insurance industry will be applied to the consumers. When all is said and done, the insurance industry will still be allowed to discriminate against those who need it the most and those who can afford it the least. Main Street has been completely screwed by this administration while the crooks of Wall Street and Corporate world are given every hand out and reward for the damage they perpetuate.

I keep thinking of the seen in Animal House where one character is getting smacked with a cricket bat in arse and retorts under the pain of the blow, “Thank you, may I have another!”

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