[quote=Allan from Fallbrook]Breeze: Dude! Kick down some of what you’re smoking to the rest of us! You don’t really buy that, do you?
The Dems are neck deep in this as well. Laying this off on the Republicans is not only farcical, it’s completely wrong.
You keep offering this Obama polemic while tacitly ignoring his appointments and his pronouncements. I don’t mind a little triumphalism here, but you are completely ignoring facts.
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As a poster above said, the Dems were flogged into voting for the No Banker Left Behind Act with threats of Great Depression II, Marial Law, etc. It was a slick move on Chimpy’s part to put the Democrats over a barrel that close to election. Chimpy was able to get a ton of government largesse for his cronies on his way out the door.
The strucuture of the No Banker Left Behind Act just accentuates the differences we will start to see as soon as Obama takes office. The $850 billion No Banker Left Behind Act was structured to overpay the banks for their crappy CDOs, MBSs, etc. This structure was on purpose so that the super-rich, Bush’s ‘base’, could be made whole at the expense of everyone else. There was nothing in the No Banker Left Behind Act to help the rest of us. Obama never would have structured a bailout bill in this way.
Instead, Obama has already said that he is going to focus on preventing foreclosures. Presumably, this will mean that the banks will have to (gasp!) write down some portion of the loan. Home “owners” will likely have to take a hit as well.
So we will likely start to see differences between Chimpy’s administration and Obama’s immediately. Chimpy was focussed on helping out the super-rich at the expense of the rest of us, where Obama will be focussed on helping out the rest of us (the ‘rest of us’ being Obama’s base) at the expense of the super-rich.
To summarize:
Republifrauds: Massive (trillions upon trillions) in welfare for the super-rich.
Democrats: Moderate welfare ($25 billion bridge loan) for the rest of us.
Given the choice of massive welfare for the super-rich and moderate welfare for the rest of us, I choose the latter. You obviously would choose the former and that is a choice you are free to make.
