Obama to waste $1 TRILLION on GARBAGE

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23 Mar 2009, 11:59 pm

http://news.bbc.co.uk/2/hi/business/7958501.stm

Over $3,000 from every man, woman, and child is going to go toward TOXIC ASSETS. Our government is buying GARBAGE with $1 TRILLION of OUR money!! !

ooOoOoOAnaOoOoOoo
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24 Mar 2009, 12:21 am

That plan's been in the works for quite a while. Obama want a corporation out of it too..a Public Investment one to keep the dunderheads from making the same mistake in the future.

John_Browning
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24 Mar 2009, 12:34 am

$800,000,000,000 in pork barrel spending, $1,000,000,000,000 in nothing, and $1,500,000,000,000 in universal healthcare, that's another $3,300,000,000,0000 in national debt when the leading economists and investors are warning the government to start paying off the existing debt. Looks like the Republicans will be back in power sooner than expected.

Sand
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24 Mar 2009, 1:27 am

John_Browning wrote:

Since the Republicans are probably more responsible for the mess than the Democrats perhaps, if there is any intelligence left in the populace at all (which is doubtful) something more politically forceful may result.

Henriksson
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24 Mar 2009, 3:51 am

:lmao:

Obama's worship of the banking system has gone to ridiculous lengths now...

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Sand
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24 Mar 2009, 3:59 am

Henriksson wrote:

:lmao:

Obama's worship of the banking system has gone to ridiculous lengths now...

A good deal of his election funding came from the banking system. Can you guess why?

Averick
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24 Mar 2009, 4:35 am

Let's expatriate folks.

Sand
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24 Mar 2009, 4:41 am

Averick wrote:

Let's expatriate folks.

Been there. Done that.

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24 Mar 2009, 4:46 am

Sand wrote:

Averick wrote:

Let's expatriate folks.

Been there. Done that.

How were the results??

Sand
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24 Mar 2009, 4:48 am

Averick wrote:

Sand wrote:

Averick wrote:

Let's expatriate folks.

Been there. Done that.

How were the results??

Much prefer Helsinki to New York City.

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24 Mar 2009, 4:51 am

Yeah, but you went to a really cold climate. Do you feel that as being a turnoff?

Sand
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24 Mar 2009, 5:02 am

Averick wrote:

Yeah, but you went to a really cold climate. Do you feel that as being a turnoff?

A misperception. Aside from one or two days per year when it might hit 15 to 20 below freezing in the winter the temperatures are about the same as New York except none of those 90 plus days in the summer. Here summer hits a bit over 80 once in a while but usually is a bit more comfortable.

Henriksson
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24 Mar 2009, 5:26 am

Averick wrote:

Yeah, but you went to a really cold climate. Do you feel that as being a turnoff?

Or you talking about Helsinki or New York? :lol:

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24 Mar 2009, 5:38 am

Cyanide wrote:

http://news.bbc.co.uk/2/hi/business/7958501.stm

Over $3,000 from every man, woman, and child is going to go toward TOXIC ASSETS. Our government is buying GARBAGE with $1 TRILLION of OUR money!! !

This is what Prince Obama does. He loots the middle class to save the arses of the banking class. He is a Redistributer which is a fancy term for a thief. He also surrounds himself with scum (not unusual for a politician of either party). He has Hillary b***h and Geithner the Fly Weight. The prior POTUS had Dumb Donny Rumsfield and the Evil Emperor, Dick Cheney, prince of insufficient light. The result: the American voting public has consented to rape for many decades running.

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monkees4va
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24 Mar 2009, 7:12 am

:roll:

Quote:

The US has announced details of a plan to buy up to $1 trillion (£686bn) worth of toxic assets to help repair banks' balance sheets.

The "Public-Private Investment Programme" will purchase the troubled mortgages and securities that have been at the root of the credit crunch.

The Treasury has committed $75bn to $100bn to the programme and said the private sector would also contribute.

On Wall Street key share indexes soared by up to 7% on the news.

The widely followed Dow Jones index gained nearly 500 points or 6.8% to close at 7,775 points, while the wider S&P 500 index was up 7.1% or 54 points to reach 823. Technology shares on the Nasdaq index ended the day up 99 points or 6.8%, at 1,556.

"The actions that we're getting... are very helpful in removing the sand from the gears" of the financial system, said Alan Gayle of Ridgeworth Investments.

hmmm
seems like he's trying to get the middle class some leg room and get them out the financial crisis
doesn't seem like garbage to me
our country has implemented similar systems, and we are slowly getting back on our feet.

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24 Mar 2009, 9:22 am

monkees4va wrote:

How slowly? Under the FDR New Deal, the U.S. did not reach its pre-depression level of prosperity until around 1947 when price controls came off. Lets see now. 1933 - 1947 is 14 years minus 4 years for WW2. That comes to ten years.

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