Obama's non-texbook liberalism

[mystieus]

Run time: 10:07 https://www.youtube.com/watch?v=FqCs4t3Hooc   Posted on YouTube: April 13, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: April 13, 2009 By DU Member: mystieus Views on DU: 813

 
The Hill's A.B. Stoddard answers questions about President Obama's handle on the financial situation and what are some of his more conservative policies.

[SkyDaddy7]

1. As much as it sucks to say this...

Fixing the economy does start with the banks...That is if we want to keep a Capitalist system. The other option is revenge on the banks and a deep deep depression.

[rollingrock]

2. Only Geithner has done nothing to fix the banks

they are in as bad of shape as ever and want even more money. the bailout money has disappeared into the pockets of the foreign investment banks to cover their losses e.g. bad bets, not getting into the hands of American consumers and small businesses who need it.

[SkyDaddy7]

3. We will see but...

I do not think the situation is that bad...However, time will tell. If Geitner's plan works the mood around here will flip 180 like it does with other issues. If not then he deserves the criticism.

[Mithreal]

5. Yeah, the people having their homes foreclosed and who are hanging on by a thread

will probably be really happy when they hear that those handful of top banks are doing better.

[Mithreal]

4. Who here is arguing revenge on the banks? Is regulation revenge?

And even if the American people are angry at banks they are only angry at a handful of the worst and for good reason.

[SkyDaddy7]

7. Considering I was the first to post a comment

I do not think I was replying to anyone arguing revenge...However, there are many people out there that think those who could not stand on there own and took more than 5 billion in tarp should have been shut down. The banks played the game and lost so they should be punished. However, they would bring down everyone else so they get saved in order to try and save the economy from total collapse.

I happen to be one of those hangin on by a thread and I am on Social Security Disabilty from a permanent disability Spinal Cord Injury...To make it even better Principal Financial who my med insurance is with dropped me after my secong spinal surgery...Yeah, I qualify as one of those who would love to see some revenge but I know better than to have a knee jerk reaction...Time to look forward and make sure we don't allow this crap to happen again.

I would like to see much tougher regulations and that is coming.

[Tutankhamun]

6. Refusing to give the banks any bailout money could be considered revenge.

Passive aggression can be quite pernicious, and satisfying to those looking for revenge.

This isn't an endorsement though. Just sayin'.

[SkyDaddy7]

8. LOL!

I agree...However, it is time to look forward and bring back regulation to prevent it from happening again/.