One_of_us, on 18 February 2012 - 07:02 AM, said:
The USA president IS NOT responsible for bringing down the country's deficit. That's pure nonsense. The president is responsible for acting in ways that will improve the nation's economy. His responsibility does not reach to the actual outcomes because there are too many factors he cannot control, like the sabotage by Republican legislators who want to screw up the economy so that they can blame the president for it.
Oh Puhleeze...!
If the president is not responsible for bringing down the country`s deficit, then what the hell did he keep on asking for more taxpayers` money to stuff his failed "stimulus plans and Job Acts"?
His responsibility is
to work with Congress (esp. Republicans) to bring down the country`s deficit
for the good of the country, and not to show one-up man ship by ignoring them and drafting the stimulus plans and job acts without input or consultation with them!
And since Congress was not consulted during the drafts, and the stimulus plans and Job Act were not "created" in bi-partisan spirit, then why should they (esp Republicans) blindly agreed to all aspects of Obama`s dubious arrogance stimulus plans and Job Act...duh!
Such arrogance stupidity is why the "stimulus plans and job acts failed, and obviously Obama refused to have Congress and esp. Republicans involved becos now Americans know that
part of the money is intended to lined the pockets of Wall St fat cats and Obama`s cronies and campaign donors.
One_of_us, on 18 February 2012 - 07:02 AM, said:
More lunacies by this liar and deceiver jetz...
Why were the stimulus and bailouts implemented? Because there were good reasons to do so.
More lunacies by this liar and deceiver "One_of_us"...
Obviously there are good reasons to implement the stimulus plans and bailouts...
It is
how the stimulus plans and bailouts are implemented, rather than
why they are implemented...duh!
One_of_us, on 18 February 2012 - 07:02 AM, said:
Amazing! the recent news about General Motors posting the biggest annual profit ever: 7.6 billion US$! All thanks to being bailed-out three years ago.
Actually, President George W. Bush and his Treasury Secretary, Hank Paulson, got the ball rolling on both the auto industry bailout and the bank bailout.
From Wikipedia:
"
In December 2008, U.S. President George W. Bush agreed to a $13.4 billion bailout for General Motors followed by an additional $39 billion from the Barack Obama administration.
The financing came from the $700 billion fund known as the TARP that was intended for financial institutions. General Motors emerged from a Chapter 11 reorganization in 2009, with an initial public offering that was one of the world`s top 5 largest IPOs to date."
And yet the bailout by the Govt has not yet been repaid by GM and likely will result in a loss for American taxpayers.
By the U.S. Treasury’s own admission,
there is some $28 billion left unpaid of the TARP funds from GM.
GM’s bailout had a realized loss of about $4.4 billion.
And if you factor in all auto bailouts it is a whopping loss of $5.7billion of taxpayer`s money!
Just more deceitful lunacies by this liar and deceiver "One_of_us"...huh!
In fact, taxpayers should demand GM to "Show me the money!".
One_of_us, on 18 February 2012 - 07:02 AM, said:
Uh, uh... poor Mitt Romney, who claimed that GM should have been allowed to go bankrupt. Will see how the people in Michigan will vote for their GOP candidate,
If the people in Michigan and Detroit is smart and not those clueless herd mentality pro-Obama supporters, they would do well to see thru` this bullshit lunatic lies and deceits from the Obama regime and his supporters. hahaha