Other than a massive power grab and huge debt....
By ParaTed2k
@ParaTed2k (22940)
Sheboygan, Wisconsin
May 27, 2009 9:32am CST
What has the Obama plan for companies that are "too big to fail" accomplished?
Well Obama, the massive spending boondoggles haven't saved any jobs, and the companies are in, or headed for, bankruptcy anyway.
So, other than squandering trillions and usurping power for yourself and the rest of the Central Committee....
What was accomplished?
1 person likes this
2 responses
@thegreatdebater (7316)
• United States
28 May 09
Ted, "too big to fail" did not come from Obama, it was a finacial term used during the early century to describe corporations that would cause so much destruction if they failed, that they would never be allowed to fail. All of the banks that Bush bailed out last year were to big to fail. I have never heard any of the big three called to big to fail, but I do personally feel that they are.
History will show if Obamanoics works, currently it looks like the economy is getting better, but only time will tell if it continues.
@ParaTed2k (22940)
• Sheboygan, Wisconsin
29 May 09
Obamanomics is nothing but Marxism, and has failed every time it's tried.
True Obama didn't invent the concept of "too big to fail", but he's more than willing to use it to support his completely Mafia style "protection" racket bull crap.
Please tell me the difference between a Mafia style protection racket and what The Central Committee is doing to the industries they are targeting.
If it was all honest and on the up and up, The Central Committee wouldn't stoop to tactics like, ensuring the bonuses are protected, then calling their hyenas (read ACORN and the incompetent press) out on the companies that paid the bonuses and those who recieved them.
There was nothing honest or even human about that scam.
Notice also that Fannie Mae and Freddie Mac also paid out huge bonueses out of the bail out money, but there were no threats made against them, or the recipients.
Obama, Pelosi and Reid are nothing but petty thugs backed by the power of government.
Piss on them all!
@faisai (1138)
• Hong Kong
27 May 09
I have no answers for your questions. But I have some questions for you.
Suppose Obama has not pumped any money into the financial sector, do you think that the banks can survive on their own and that they would not need to cut their staff?
Suppose Obama is elected president before the collapse of Lehman Brothers and that he is willing to do what he has done now. Do you think that Lehman Brothers will still collapse and that so many jobs would be lost?
I understand that it still seems many companies are going down or about to go down. Yet, there are many more still surviving thanks to the big push from Obama. Would you consider that without the push, these companies will also go down and the number of unemployed will actually be much higher?
