The major network pundits need to stick to the Chandra Levy saga, because they sure are not helping us understand the current world financial crisis. I wasted five hours trying to get the latest viewpoints or some possible solutions to the worldwide financial crisis.
I came to two conclusions:
(1)No one has the answers
(2)Fox News Sunday has joined the campaign to dump the entire crisis on the democrats and the Obama Administration….That’s one show off my list.
Fox started the Sunday roundup with Chris Wallace interviewing John McCain. Why? John McCain is an open book; cut taxes for the wealthy, and put an end to pork barrel spending. They could have used on old debate clippings. What surprised me was Chris Wallace tying the stock market downward trend to the Barack Obama’s inauguration. This is a major network, so they should have fact finders, that would tell them that the job losses started in January of 2008 and the stock market starting falling in October of 2007. I knew Chris Wallace was a republican ,but he has asked some tough questions of republicans in the past. I never thought he would join the rest of the Fox anti-Obama dance troupe. Chris Wallace topped it off by trying to justify Rush Limbaugh’s controversial comment of him wanting Obama to fail. Wallace said “He wasn’t saying he wanted the president to fail. He was saying I want his policies, his agenda to fail and he disagreed with them and that they were bad for America.”Mr. Wallace, we have all listened to Rush and know that he is known to backtrack after using one of his shock jock tactics. Chris Wallace conveniently forget to mention the last part of Rush’s statement” I am not going to bend over and grab my ankles, just because he is black.”
The best line I heard came on This Week with George Stephanoulos, when New York Times conservative columnist David Brooks answered the GOP ideas coming from House Minority Leader John Boehner and John McCain’s calling for a freeze on government spending until September. Brooks said “The problem with them and the problem with Limbaugh in terms of intellectual philosophy is they are stuck with Reagan. They are stuck with the idea that government is always the problem.”He called it insane. I agree, that’s exactly the philosophy Hoover used to turn a recession into a depression. Inaction and trickle down will not work in this situation.Supply siders just don't get it.We have plenty of supply;this is a demand problem.
Tim Russert’s professionalism is missed by Meet the Press, but I will continue to be patient with David Gregory, but he has to do more homework and not let his guests get away with murder. He did get Secretary of Defense Robert Gates to describe the difference between George Bush and Barrack Obama, last week.
I came away this week-end feeling that Treasury Secretary Timothy Geithner is either having a difficult time grasping this crisis or that he knows the solution will cost us $2-$3 trillion more and he doesn’t have a way to tell us, because we are already in panic mode.Mr. Geithner may continue with a constant drip of $30 billion today and another $100 billion next month; hoping something will start the ball rolling before we get to the $2 or $3 trillion solution.
I continue to think that the Obama stimulus package was too small and too cautious. Politics being what they are; it will hard to get congress to go along with another stimulus. The president needs to know that short on cutting taxes, the GOP will not be helpful in finding a solution.Take heed from Representative Patrick McHenry's letter Mr. president "
"We will lose on legislation. But we will win the message war every day, and every week, until November 2010," said Rep. Patrick McHenry, R-N.C., an outspoken conservative who has participated on the GOP message teams. "Our goal is to bring down approval numbers for [Speaker Nancy] Pelosi and for House Democrats. That will take repetition. This is a marathon, not a sprint."
Mr. president,you need to use your political capital right now ,because the ball is definitely in your court.
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CTrain7
March 12, 2009 at 3:15 p.m.Government..The only difference between GOP and the Democrats is the slice of the pie and where it goes….Republicans want government when they want to ban gay-marriage or flag burning.
You seem to twist words to suit your liking..:) I never said tax cuts were a bad thing…This is what I have been saying for several years…The Bush tax cuts of 2001 & 2003 were geared to the top 2% ,in hopes it would somehow trickle down..It did not, the rich got richer, firms kept wages staganent, benefits were being slashed, and companies were outsourcing the jobs overseas. The middle call was being squeezed, so I said let this round of tax cuts target the middle-class.
Show me a poll that bears out the 75%..I know you can’t because this president remains popular and the voters soundly rejected the policies of the last eight years…Republicans were unseated all across this nation…We passed that socialism label a long time ago, with Social Security, Medicaid and Medicare…Those are just talking points.
Thanks for commenting, never give up, and continue to keep it civil.
Government, government, government? Why do you Democrats expect "solutions" from the government.
March 12, 2009 at 12:47 p.m.No I am not a Ron Paul supporter, but thanks for the laugh. He does have very good ideas in theory, but yes our country would criumble because the handouts would end. The American people must take this country back. As long as we look to government to solve our problems we will continue to have problems. I am as middle class as middle class gets, and I did not get left behind. Please explain o me why tax cuts are a bad thing. For the rich or not, tax cuts do not hurt anyone of us. Obviously there are two different schools of thought that will never mesh. I truly believe whole heartedly that the majority of Americans, maybe 75% or more, think that electing this bunch of yahoos was a great mistake. I think it just played out much earlier than anyone would have ever expected. Socialism has arrived and it is getting bad.
Hello Ctrain7
March 10, 2009 at 12:54 p.m.As I was reading your post, I just knew it was written by a Ron Paulite. Why? All the labels were used, without any real solution. That’s why he only had 42 delegates, and his own party did not support him.
1) Kennedy, 1960s, and Reagan is living in the past; let’s move forward..That is coming from someone 63 years old…We have not seen a steep worldwide recession such as this. That’s why I am not surprised we don’t have a single answer.
2) Right-wing borrow and spend shifted the pendulum to the wealthy (tax cuts for the rich) and left the middle-class behind…Trickle down does not work..Look at the difference between CEO pay and worker pay since the republicans took office.
According to all the polls; people trust democrats over republicans, when it comes to economic issues, by over 30 points…..The last elections bore that out.
Arianna Huffington of the Huffington Post pegged this economy with a quote: Donald Rumsfeld famously claimed: "There are known knowns. There are known unknowns.
Whether this is a conscience move towards socialism or an uncionscience stummble in that direction........... it is what it is. We are in a fine mess, as the American public, politicians, and many Washington insiders have immediately lost faith in any ray of "HOPE" Mr. Obama promised. Do I lay this blame completely at his feet, maybe not all, but the Democratic party is driving this train to socialism, and its holding the American people hostage. It doesn't take a political genius to figure out that the Democratic party is nowhere near what it used to be. Kenedy's administration would be considered conservative Republicans compared to todays Democrats.
March 10, 2009 at 12:08 p.m.I think a majority of the American public would agree that we have to stop this madness. We obviously need to abandon the spending and let time and the American people work through this. Congressman Paul may be exactly right. It lookslike we are going to have to let people fail, in order for the pendalum to swing back in the right direction.
Hello JD
March 10, 2009 at 10:16 a.m.This not exactly apples and oranges; nor is it a tit for tat.
Democrats were complaining of fighting two wars; while cutting taxes for the wealthy and Bush continued to borrow and spend. Obama included the war costs in his budget ‘unlike Bush, who used off budget emergency supplements to finance both wars.
Obama inherited a huge deficit and most economist believe we have a demand problem because of an abundance of supply….The stimulus package throws cash out there to try and jump start a failing economy…The worse it is; the money it takes . This meltdown did not happen overnight, so it is disingenuous to think it will be fixed in 50 days.
Inaction is not the answer.
BTW all this spending is scaring me too ,so if it does not work then they should be thrown out of office.
Bush spent something like $700 billion over eight years and was deemed by the democrats to be irresponsible for doing so. Yet, Obama has spent nearly $2 trillion in his first two months and these same democrats don't see a problem with it. Come on. Throwing more and more money (that we don't have) at the problem is not the answer. The dollar is simply being devalued and this will haunt us for decades or longer. I have come to the conclusion that the Obama administration doesn't really know how to fix this mess, but they feel the need to do something, so they do what democrats have always done, tax and spend and create short-term government jobs.
March 10, 2009 at 9:23 a.m.Agree Bighorn,not a big shock but if you go to today's Advocate Viewpoints B4 Joseph E. Spiglitz (2001 Nobel prize winner in economics) describes my position much better that I could ever hope to.
March 10, 2009 at 9:11 a.m.One of these days you will realize ,we are the government (we the people) and we are not the enemy.
No this is not the only way we got here but that's for the after we get out of this mess we are in.
Big shock, Mike that you think the federal government should spend money it doesn't have, and will take decades to even come close to paying off. Weren't you the same one who constantly ridiculed Bush for breaking our backs with deficit spending. Bush whizzed away major coins on a war of his morality, while allowing Congress to have their way with a domestic runaway budget.
March 9, 2009 at 10:52 p.m.Isn't that how we got here?
Bush's Bank Bailout=Dow Down 2,000 points.
Obamas's Bailout=Dow Down 2,000 points and counting.
And the answer is to piss move away in government spending and destroy private wealth? More insanity, anyone?