General Discussion
In reply to the discussion: Who more "progressive" do you want nominated, then explain just how he/she gets 270 electoral votes. [View all]patrice
(47,992 posts)What about the unknown private business contractual DETAILS that would have told him/them how much of what limited resources (resources that were/are getting sucked into the very black-hole that they were trying to fill) to make available to which financial entities involved across most of our financial spectrum. Given the fucked-up securities ratings, he had to triage the complex and many "tentacled" wounded on no more information than they would voluntarily give (for their OWN objectives not necessarily ours of course) and without being able to freely examine their conditions. Too much, too fast at point A, might blow point RR. Not enough, too slow at point Z might not work at all and would thus result in wasting resources that could have saved something else. Not knowing the overall size of the total losses and involvement of foreign partners would make it difficult to be sure that what help was available would cover as much as it could. The consequences of getting it wrong: more un-employment, inflation, higher interest rates, spreading defaults . . .
.....................................
And anyone who ever thought Obama was a Liberal doesn't know his voting record nor what a Liberal is. He's a centrist. He's always been a centrist, a POPULAR centrist. That's why the masters of the universe HIRED him.