A question for Obama and\or his supporters here:

[coalition_unwilling]

76. I grant you that Obama has faced an obstructionist Congress the

likes of which we have not seen since the Congress faced by Harry S. Truman from 1945-48.

I'm glad that the government helped you stay in your condo. Sounds like you were really stressing out about it.

As to whether I would have "let the banks collapse," I would like to reply with an admittedly wishy-washy "I don't know" right now. We had mechanisms in place already (the FDIC) to make depositors whole. So a 'bank collapse' as I understand it means that the shareholders and bondholders of the bank would get wiped out.

Grantcart up thread has provided some information that suggests that the existing FDIC mechanisms might not have been sufficient to make depostiors whole, such was the magnitude of the crisis. If that indeed were the case, then I would have instead argued that the banks be 'nationalized' as part of the bailout and the banks' assets become the property of the people of the U.S. (in essence, wiping out share- and bondholders of the banks).

On a personal note, your tone here and in posts upthead ("making a dent in the education of the OP&quot suggests you are really angry at me. I apologize ahead of time if anything I have written has given offense. Please understand it was inadvertent.