Obama's safety net

[myp]

One thing that really annoys me is that the new president seems to have this sort of safety net if anything bad happens because his supporters just shift the blame to Bush. I think Bush is getting a very raw deal. Don't get me wrong, I am not a Bush supporter and he is responsible for some of our problems, but it is really wrong to just blame him for everything.

People need to look at the issues and the recent history behind those issues to see what is actually causing all of today's problems. Doing so will make it clear that Bush was not responsible for all of our problems. Obama supporters also need to look at what the current president is doing and see how his ideas have faired in the course of history- many of them may be surprised. I think it is time to start really analyzing what is happening and to realize that Obama isn't the perfect president that many of his supporters make him out to be (personally, I think some of his ideas, namely his plans for the economy, are the worst in American history.)

 

[curious]

Well, Bush was in charge for eight years. He removed many regulations that would have prevented or mitigated the current crisis, though Clinton did some of that, too. Even when we had the Enron scandal, and other corporate problems, he continued to deregulate. I think he deserves the blame for what happened, and it is far, far too early to evaluate what Obama is doing. It took the Bush administration eight years to get us in this situation.

 

[myp]

Well, Bush was in charge for eight years. He removed many regulations that would have prevented or mitigated the current crisis, though Clinton did some of that, too. Even when we had the Enron scandal, and other corporate problems, he continued to deregulate. I think he deserves the blame for what happened, and it is far, far too early to evaluate what Obama is doing. It took the Bush administration eight years to get us in this situation.

This is a common misconception. This crisis was not caused by deregulation, it was caused by big government. This crisis was not made in the last eight years. It was more like the last eight decades, since the creation of Fannie and Freddie, who Democrats, not Republicans, repeatedly pushed to make bigger. The Federal Reserve is another big government entity that played a huge part in this crisis due to Greenspan's absurdly low rates which fueled the bubble.

As for the Enron scandal, you need to realize that free market capitalists also want fraud oversight so things like that don't happen. There is a difference between regulation and oversight and we want oversight.

Another very important fact to note is that Bush did not act as a small government, free market president. In fact, he was just the opposite as he drastically increased the size of government. He did run on a platform of small government and he even spoke out against the monstrous size of Fannie and Freddie in 2001, but after 9/11 he ended up doing nothing about it.

It is important to look at the real causes of the crisis before just blaming someone. This crisis was made a lot worse by government and it really isn't the free market's fault. Bush is getting a lot of the blame and he does deserve some of it, but a lot of it also goes to the left-wing (to which Obama belongs and continues to push,) who vouched for these government entities in the first place.

 

[kingdogol]

am not a Bush supporter and he is responsible for some of our problems, but it is really wrong to just blame him for everything.

Absoloutley, he is just a puppet, if a kid takes the puppet away and runs off with it, the puppeteer simply replaces the puppet and the show continues.

People need to look at the issues and the recent history behind those issues to see what is actually causing all of today's problems.

This is easy, the bilderbergers, rothschilds and some interplanetary bad guys.

realize that Obama isn't the perfect president that many of his supporters make him out to be

Definitely not mate, the real president the Americans wanted was Ron Paul, many of them were just unaware of him because of media never showing him. All his values and votes are consistent, he is one of the only politicians to read every bill, he wanted (still does) to fix the economy and America truthfuly and honestly, not just by wacking continual band-aids on it.

If only the rest of the world and the American people themself could see that what is going on in America is affecting everyone and it needs to CHANGE...

Good Thread!

 

[The Parakeet]

I don't think he necessarily has a safety net anymore. I just read about a number of economists giving him a 50% grade for his early economic policy. He's been losing a lot of his popular support and he seems to just be another president. The level of love is no where near where I expected it to be.

As far as the cause of the crisis, well, that's a whole quagmire that MYP and I have discussed a few times. Without giving a 20 minute lecture, it was caused by a mixture of reckless financial behavior, deregulation of credit default swaps and securities, and bad lending practices encouraged by the government. We played fast and loose and lost big.

That said, Obama hasn't learned from the lesson. He still wants to focus on getting more low income families into homes, which got us into this mess in the first place. It's a noble goal, but one has to be realistic.

 

[deanhills]

One thing that really annoys me is that the new president seems to have this sort of safety net if anything bad happens because his supporters just shift the blame to Bush. I think Bush is getting a very raw deal. Don't get me wrong, I am not a Bush supporter and he is responsible for some of our problems, but it is really wrong to just blame him for everything.

People need to look at the issues and the recent history behind those issues to see what is actually causing all of today's problems. Doing so will make it clear that Bush was not responsible for all of our problems. Obama supporters also need to look at what the current president is doing and see how his ideas have faired in the course of history- many of them may be surprised. I think it is time to start really analyzing what is happening and to realize that Obama isn't the perfect president that many of his supporters make him out to be (personally, I think some of his ideas, namely his plans for the economy, are the worst in American history.)

Agreed totally with this. Perhaps if people also study the results that Bush achieved it should balance things out a bit as well. As some of what he did was obviously over-aggressive, but he has achieved at least a measure of results. But that is history now. Obama needs to take responsibility for everything that is happening under his presidency. For example I really think that the bail-out package was forced through too fast for people to really analyse it properly. All of us have this vague notion of Banks being in trouble as a result of real estate financial instruments that failed, but there is no detailed accounting of this. Before anyone could even begin to think about reading things properly, or representatives of Congress be allowed to report back to their constituents, it was passed. And of course the stock exchange replied exactly what it thought about it. Instead of taking note of people's displeasure about this, Obama still continued regardless. Think in crisis times people need to be more flexible, take greater responsibility.

 

[Glee]

As odd as this sounds, I actually predicted this. About Obama backing down from things he promised on the campaign siting Bush as the reason. Sometimes I surprise even myself. Some of the things I had put down on a post I made on myspace have actually happened. Here is what I wrote back then:

[]Wednesday, November 12, 2008 2:44 AM
Backing out.
Category: News and Politics
Hello everyone. Today I'm going to play fortune-teller. Im going to name a number of the campaign promises President-elect Barack Obama called for, and what I think will happen or how he plans on weaseling out of them. This should be fun as we will look back at this blog and check to see if I was right or wrong.

Okay, first lets start off by saying a lot of President-elect Obama's promises were connected to Universal Healthcare and Tax-breaks. I'd also like to point out that Obama plans on paying for these plans from the money he's getting from the businesses that are supposedly the reason why the average Americans are so poor. You know... those same businesses (like GM) that are going under...

Campaign Promises:

Promise: Obama plans to restore Clinton-era tax rates
Prediction: Obama will state that because our current economic dilemma, that he can not restore the tax rates because he didn't account for how bad the Bush administrations handled finance.

Promise: For those making under 250,000 a year, no raised taxes.
Prediction: Can't because Bush....

Promise: Simplifying filing taxes so it'll only take 15 minutes.
Prediction: This will actually happen, but I think the government will take a take in a certain percentage of the returns when they are filling the rest of your paper work out.

Promise: 3,00 tax breaks for new businesses.
Prediction: Can't because of Bush

Promise: Eliminate Senior Citizen Income tax.
Prediction: He'll try his damnedest to get this done if he gets Universal Healthcare. With Universal Healthcare then he'll argue that old people don't need income tax now because the state pays for their Medical needs. But I don't think congress (democrat or republican) will pass it...

Promise: To create a Universal Morages credit for new home owners.
Prediction: Probably will happen, causing our economy to crash more so than it already is.

Promise: To create a Small Business Medical-credit.
Prediction: Another action as a result of Universal Health Care. He'll have to get that passed first before he can attempt this one. But even if that succeed, he'll back out by claim Bush f*cked us over...

Promise: Increasing minimum wage to $9.50 an hour by 2009.
Prediction: He'll do this, not realizing that we're in a RECESSION. Where exactly are employers going to get this extra money?

Promise: Make employers give employees seen paid sick days a year.
Prediction: Empty promise, probably will not follow up on this one.

Promise: Getting rid of secret voting ballads.
Prediction: If he tries this the first two years, then yes. Democrats have been wanting this one for a while. Personally I don't think it's anyones business who I vote for or not. I don't see why the government needs to know either. Just makes it easer to cheat that way. Not that they aren't already cheating...

So there you have it. Overall he'll blame the stuff he can't do on Bush. Somehow Bush was so awful he'll mess up the new President too. It had nothing to do with making claims that he knew he couldn't accomplish.

And that's my rant. Let's see if my predictions will come true.

 

[deanhills]

As odd as this sounds, I actually predicted this.

Brilliant .... OK .... I was totally impressed with your insights and all of them spot on .... now how about a prediction about the economy or is your specialist area politics ?

 

[samkenwick]

My take on the Obama safety net

Everyone with organizational skills good enough to run their own life, know how politics work, take an interest in it, needs to support the president. Do not take a side! Know what you stand for and try to be as beneficial in though pattern in accordance to the current situation we are in. Politics are like a puzzle, with many many pipelines and venues to go down and figure out. Not one person, as just a standard citizen, will be able to figure out WHAT is going on. I have a hunch that the President Obama is just a face mask (and rightfully so, and correctly so) to hide the real workings and what is happening. Do you think that for one moment that the real brains in equation modification for the good of the country are seen or heard from by the mainstream public? I think not, and GOD I hope not.

Moving on to the core of the safety net post. If Barack is being fed the current situation by his administration correctly, then whatever the administration that backs is doing is what is thought to be the best avenue of progression.

Do not move low income families into homes? Why not? I as a low income person am making more everyday with an internet connection, a 200 dollar 3.2 ghz computer with a gig of ram, and an apartment to live in. I am getting of government cash that has been given to me to do just that, why not give other families a chance to do the same. I am just one person, and I know I will succeed at this goal 1000%. I am very smart, I type 60+ wpm, but was easily dismissed out of the working class because the size of my physical body did not belong in it. All well and good, but that was totally giving second fiddle to any financial prowess that could have developed with all situations I was in. I am a prime example of the good that can happen if you give somebody with no chance, a life chance. I donate to causes, I will be paying my taxes very soon, and I learn valuable job skills on the internet. It takes money to make money, and I have learned so many ways to do that it is not funny. I am making a very long-winded post so I am going to cut it short.

If we need more raw material gain through work, more low income families (SSI, SSDI, Unemployment benefits etc) need jobs, then allow them to try and freelance on the internet. I stand by my thought pattern that the Barack Obama administration has made this chess move correctly.

 

[deanhills]

I have a hunch that the President Obama is just a face mask (and rightfully so, and correctly so) to hide the real workings and what is happening. Do you think that for one moment that the real brains in equation modification for the good of the country are seen or heard from by the mainstream public?

Absolutely agreed here. It was particularly noteworthy during Reagan's time as well. The person that serves as President is a face, a very important one, but just a face.

Do not move low income families into homes? Why not? I as a low income person am making more everyday with an internet connection, a 200 dollar 3.2 ghz computer with a gig of ram, and an apartment to live in. I am getting of government cash that has been given to me to do just that, why not give other families a chance to do the same. I am just one person, and I know I will succeed at this goal 1000%. I am very smart, I type 60+ wpm, but was easily dismissed out of the working class because the size of my physical body did not belong in it. All well and good, but that was totally giving second fiddle to any financial prowess that could have developed with all situations I was in. I am a prime example of the good that can happen if you give somebody with no chance, a life chance. I donate to causes, I will be paying my taxes very soon, and I learn valuable job skills on the internet. It takes money to make money, and I have learned so many ways to do that it is not funny. I am making a very long-winded post so I am going to cut it short.

Well done! Am very curious about what and how you are doing it, for example do you have an Internet business?

 

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