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Old 12-30-2011, 07:51 PM   #976
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Originally Posted by anitram View Post
Whose policy was the bailout? You know, the one in the fall of 2008?
It was Bush's, of course. But it happened so close to the Obama election that we might as well call it his policy.
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Old 12-30-2011, 08:06 PM   #977
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Originally Posted by INDY500 View Post
Ok, it woulda been worse but could it have been better?

You can't prove something that didn't occur but, 3 years out, would the recovery (joblessness, economy and finances) be stronger now if we'd swallowed hard and let the market take care of the housing and auto failures instead of government bailouts; reformed entitlements rather than creating a new one; cut government spending rather than adding 5 trillion in debt and getting downgraded; and pursued American energy?

Can't be proven that it would be... but some of us have a hunch.
Take a look at the run on the banks that led to the Great Depression. It was the Government's non-involvement that exacerbated the lack of confidence in the banking system, and led to the greatest economic downturn in history. There is no question that without TARP, things would have been much, much worse today.

To give you a look at where things were heading, after the Lehman Brothers bankruptcy, credit markets froze. There was an evaporation of trust. Banks stopped lending. Forget Wall Street, even the behemoth GE was having trouble meeting it's short term financing, and would have certainly gone under had it not been for TARP. There was a chance that McDonald's was not going to be able to pay it's workers in the next week because it couldn't access short term financing.

All in all, we needed a restoration of trust in the banking system, and the only party that was large enough to take action was the U.S. Government. It's silly to think that the affect of free markets can't be proven, because the Great Depression is a perfect example that disproves anyone who thinks government should have stayed out of it. All this anti-TARP talk coming from most of the Republican candidates is designed to appeal to the stupidity of the American public.
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Old 12-30-2011, 09:10 PM   #978
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All this anti-TARP talk coming from most of the Republican candidates is designed to appeal to the stupidity of the American public.
And/or their short memories. Not just Americans, all peoples are like this, at least in the West. It's part of human nature to quickly forget traumatic events, almost as though they never happened. I assume there is a good evolutionary reason for this. But I digress.
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Old 12-30-2011, 10:46 PM   #979
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A President McCain wouldn't have done anything differently.
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Old 12-30-2011, 10:55 PM   #980
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A President McCain wouldn't have done anything differently.
He certainly would have. One of his promises for when he took office was a spending freeze across the board on everything other then Defense, S.S., Medicare/Medicaid.
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Old 12-30-2011, 11:09 PM   #981
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A President McCain wouldn't have done anything differently.
McCain is about as daft as a mad ole brush that has been left in the sun for too long. I could easily picture him starting WWIII if his Viagra prescription wasn't renewed or some such.
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Old 12-30-2011, 11:38 PM   #982
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^
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Old 12-30-2011, 11:45 PM   #983
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Quote:
Originally Posted by deep View Post
ok, we are about three days out


so lets predict the Iowa GOP Cauci finish order

here is my best guess:

1. Romney
2. Paul
3. Santorum
4. Gingrich
5. Perry
6. Bachmann
7. Huntsman



1 and 2 could flip

and 3 and 4 could flip

I am very confident I got 5 6 and 7 in the right order.

If this truly was a horse race,
my winnings at the track would be much better.
1-Romney
2-Santorum
3-Paul
4-Fatso
5-Perry
6-Michelle
7-Cheeseman

<>
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Old 12-30-2011, 11:55 PM   #984
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The fact that santorum is second shows how ridiculous these things are...
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Old 12-31-2011, 12:17 AM   #985
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McCain is about as daft as a mad ole brush that has been left in the sun for too long. I could easily picture him starting WWIII if his Viagra prescription wasn't renewed or some such.
Bomb bomb bomb Iran!
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Old 12-31-2011, 01:20 AM   #986
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He certainly would have. One of his promises for when he took office was a spending freeze across the board on everything other then Defense, S.S., Medicare/Medicaid.
He said this after the economic meltdown in the fall of 2008?
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Old 12-31-2011, 10:32 AM   #987
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Yes I think Romney might be cleverly distorting what Obama said about the bailouts, etc-that it could have been a depression. Just like the laziness comment is being distorted. The candidates can throw out these soundbites and if people don't research them, and they're already predisposed to believe them-they work.

I'm not some diehard Obama supporter but I hardly think the man is dumb or insensitive enough to make those kinds of comments.

As for Santorum if everything else about him isn't bad enough, I knew he was a complete idiot when he said that it was no surprise that the church sex abuse scandal was centered in Boston because it's just so librul there. F him, basically. He's a joke to me.

And I saw a clip of Newt crying talking about his late mother, I liked seeing him be human. Where is all the criticism of his crying the way Hillary was criticized?
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Old 12-31-2011, 10:34 AM   #988
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This could change, but as of now-

1) Romney, in the mid 20s, maybe even approaching 30
2) Paul, very close behind
3) Santorum, mid-teens
4) Gingrich, low-teens
5) Perry, high single digits or low double digits
6) Bachmann, mid-single digits
7) Huntsman, barely registering

Both Bachmann and Santorum need top 3 or else they drop out.
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Old 12-31-2011, 11:08 AM   #989
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When asked during a tele-town hall organized by the Faith and Freedom Coalition whether he would consider the former Alaska governor as his running mate in 2012, Newt Gingrich explained that he would definitely consider her for that position.

Gingrich stated that he was a “great admirer” of Palin’s, and argued that her record of political reform in Alaska was impressive enough that he would expect her to bring the same spirit to Washington. But the candidate also brought up the possibility that Palin’s record on energy independence would make her an ideal candidate for Energy Secretary in his administration.

“I can’t imagine anybody who would do a better job of driving us to an energy solution than Governor Palin.”
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Old 12-31-2011, 11:35 AM   #990
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Originally Posted by Achtung11 View Post
He certainly would have. One of his promises for when he took office was a spending freeze across the board on everything other then Defense, S.S., Medicare/Medicaid.
Your use of "certainly" makes me chuckle. Because presidential candidates always keep their campaign promises.
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