its true that obama inherited a pretty tough situation, but all he's done is made it worse, easily 10 times over...
Lolzer - August 18, 2009, 4:23 am,
Yeah cause the cyclical nature of the capitalist system never goes down like this on its own...
WTFO - August 23, 2009, 11:28 pm,
Many of the problems that caused this economic problem stemmed from govt intervention into the marketplace. Therefore, the solution is not more govt interference. Let the market stabalize naturally. It'll recover quicker with politicians out of the way.
Bah - September 10, 2009, 1:29 am,
Name one company rescued by the government that made a full recovery and paid back the tax dollars invested in it. ...didn't think so.
WTFO - September 10, 2009, 1:35 am,
Exactly my point Bah.
ILB - September 16, 2009, 4:57 am,
Unbelievable. Why do you lie? The DOW has reached its highest level since the financial panic of last fall, as in a year ago. Unemployment, while still high, is stabilizing, and as for companies paying back the government (and the taxpayer)?....
ILB - September 16, 2009, 5:00 am,
Signature Bank of New York..$120 million, Old National Bancorp of Indiana...$100 million, Iberia Bank of Louisana...$90 million, Bank of Marin Bancorp of Novato...$28 million. This includes 5% interest on the money they borrowed.
ILB - September 16, 2009, 5:01 am,
This is just a small sample of the companies that have repaid money. You just cant stand the fact that its working, slowly, but it is working.
ILB - September 16, 2009, 5:04 am,
oh, and where did i get this info? The New York Times....now let the flaming begin about how you cant trust them as a source because it shows your wrong. come on, im ready, let it fly....
WTFO - September 16, 2009, 6:33 pm,
blah, blah, blah. Apparently, ILB doesn't understand that these posters can be created months before he finds them. New York Times, noooo there not in the tank for Obama. No flaming, you're just an idiot.
ILB - September 27, 2009, 2:44 pm,
Idiot or not, Im still correct, and you are still wrong. and when you are proven wrong, you reduce yourself to name calling. how sad.
Sean - September 27, 2009, 2:54 pm,
Now to be fair, ILB, the team of Bah & WTFO challenged you to name one company. You went a little OCD on them, no?
ILB - September 27, 2009, 3:38 pm,
Sorry, i tend to do that. Im so OCD i have to call it CDO so the letters are in order :)
WTFO2 - September 27, 2009, 10:39 pm,
ILB, the idiot comment was before our truce so I apologize. Now, on to the points, yes those have repaid back TARP $. However, those companies combined represent $338M paid back of the $1.01 Trillion in bailout funds across banks, toxic a**ets, AIG, auto,
WTFO2 - September 27, 2009, 10:42 pm,
Fannie/Freddie, foreclosure, others and even (scariest of all) uncommitted funds. Your examples amount to .03% of total bailout funds. I agree that some others have paid back but it doesn't yet make a dent in the deficit created and he's still spending.
WTFO2 - September 27, 2009, 10:44 pm,
Also, you are correct that the stocks saw a bump last month largely due to the auto sales created by cash 4 clunkers. But now the stocks are trending down again because C4C was a band-aid that robs stable car sales. I hope I'm wrong, but I think it's
WTFO2 - September 27, 2009, 10:45 pm,
going to get a lot worse before it gets better. The stock market can't stay strong with unemployment in double-digits. That and inflation by printing more $ irresponsibility and the future doesn't look bright my friend.