Paulson's ONLY plan is to make his partners in crime whole using taxpayer money. He refuses to do anything else and uses deceptive lsnguage and secrecy to achieve those ends. To Paulson the leacherous financial sector (paper shufflers) is the heart of our economy. He refuses to help manufacturers that can improve our balance of payments and provide more jobs. Bush walks in locked step. Total fucking bullshit, guaranteed to make things worse.

Equally troubling is that Obama is putting economists of the same philosophical school on his short list.

What happened to his promise of change? It practically vaporized as soon as he sowed up the primary. Oh, I almost forgot, Wall Street was his primary source of campaign capital. A Great Depression is a method whereby elites gain control of more and more tangible assets, buying them for a nickel on the dollar.

"A Great Depression is a method whereby elites gain control of more and more tangible assets, buying them for a nickel on the dollar."

Sounds like standard GOPiggy "free market" behavior. Well, that and the sound of happy snorting as their noses planted firmly in the public trough.

Everybody's guessing at this point so here's mine. This economy will turn around in two years.

"Equally troubling is that Obama is putting economists of the same philosophical school on his short list.

What happened to his promise of change?"

Well Nutcase who would you recommend?

What happened to his promise of change?

His corporate masters have told him how it really is.

Paulson's ONLY plan is to make his partners in crime whole using taxpayer money. --#1 | Posted by nutcase

Equally troubling is that Obama is putting economists of the same philosophical school on his short list.

What happened to his promise of change? --#2 | Posted by nutcase

Hey Nutcase,

I'm with you on Paulson; he's the frontman for Bush's last (we can only hope!) pillaging.

you know it might be going better if some of our political 'experts' in dc had bothered to read more of this give away in the first place. I heard last night that many of the people who voted for this had no idea that paulson was going to be able to do pretty much whatever the hell he wants with it.

and this statement from barry is all a part of the post election song and dance that they all do
can we post somewhere all of the promises that were made BEFORE the election and it doesnt matter which candidate is was who got elected.
of course according to the zogby poll, obama voters didnt know anything about him other than he 'talked real purty'.........

My guess, too, after a lot of reading, is that 2 years is gonna be required to get this economy out of intensive care.

Obama better bring some change--and people who can effect it--to the arena because the track record of the last group of "experts" in the financial world is disastrous.

EVERYBODY I know, across a wide income spectrum, is worse off than they were 10 years ago. Thanks, W.

Million of Americans are not going to stand for their jobs disappearing, their retirement gone and their houses foreclosed upon.

They are not going to be amused by those regular triumphalist articles in Fortune magazine, hooting at the triumphs of the latest crop of billionaires while they stand in line at the food bank.

you know it might be going better if some of our political 'experts' in dc had bothered to read more of this give away in the first place. I heard last night that many of the people who voted for this had no idea that paulson was going to be able to do pretty much whatever the hell he wants with it. -- #8 | Posted by bushlovertwo

Kinda surprising, isn't it, that a bunch of lawyers couldn't figure this out when it was plastered all over the newspapers that week. Then again, maybe they don't get delivery on Rosh Hashanah.

What???

No immediate solution???

That son-of-a-bitch has had three fucking weeks to come up with solution to this mess, and this is all he's got???

Yer right, buttlovertwo...he a lyin' POS.

Phoenix,
You actually read BLT's blathering posts? Are you a social worker? They'd be the only ones patient enough to try to decipher that mess.

I'm with you on Paulson; he's the frontman for Bush's last (we can only hope!) pillaging.
Phoenix and Nutcase your uninformed, ignorant dumbass mentality is the reason people like me have to financially support people like you.

Bush's plan? Looks like Obmama just made it his.

Words of wisdom by "The One". No quick fix and whatever it takes. Why is it that when others say say the same thing they are full of shit? But when "The One" says it, it makes newsworthy headlines.

Bbbbbut I thought he was going to wave his magic wand and everything would be better! What a rip off!

"I thought he was going to wave his magic wand...."

Because Rush told you he had one. Interesting. This week, after Hagel chewed his ass, Rush was whining about how hard it was to be on radio.

Poor baby. My thought? Anyone who speaks English and was willing to lie as much as Rush does about even ordinary things could do what he does.

willing to lie as much as Rush

#16 | Posted by Zed

Could you list his 10 biggest for me? I realy would like to know what you think they are. Just don't make up shit.

Ten biggest lies? Now, that would take some work. But try this statement out. Rush made it this week:

"Obama could no more turn his back on Osama bin Laden than he could turn his back on Jeremiah Wright".

Now, an ordinary understanding of that statement is Obama supports Osama and al-Qaeda. Do you think Rush LIED about that or do you think it is true?

Take your time.

I'm with you on Paulson; he's the frontman for Bush's last (we can only hope!) pillaging. -- Phoenix

Phoenix and Nutcase your uninformed, ignorant dumbass mentality is the reason people like me have to financially support people like you.

I'm quite sure you are not financially supporting me.

Bush's plan? Looks like Obmama just made it his.

www.nytimes.com --#13 | Posted by slicksterWilly

Thanks for posting this. I've been traveling and missed the Geithner coverage. I agree -- this pick smells bad.

You're not making much sense, though. You call Nutcase uninformed and ignorant, but seem to be seconding his point that Obama is Bush II. The part of my post that you attacked is the part referring to Paulson's activity as pillaging.

Good to bring up Bernanke, though. Paulson's $700B seems to be distracting people from the fact that no one is challenging the $2 trillion Bernanke has diverted, with no oversight, by invoking emergency powers.

No one, except for the simple who bought into the whole "Obama's going to take our guns away and put Rush, Sean and Bill in irons" moron schtick, ever saw the Pres-elect as anything but a man who was going to do his best to uphold the office of the land (as opposed to the immoral failure soon leaving in disgrace) as he worked pragmatically to right the ship. I didn't. I don't know anyone else who did either -- except for the sad soul (though nice guy) I knew who was a regular reader of Newsmax and bought into Rushs' bloviation as if they were words from the mount.

There's a lot of work to be done. And I feel proud to be a part of it, and seeing many Americans inspired to do what needs to be done as well. Sure, most will sit on their asses, but a call to service (small and large) to help fix what Republicans and way-too-comfortable Dems, as well as our own complacency has broken -- yes, Americans, inspired... who'd of thunk it?

Phoenix,
You actually read BLT's blathering posts? Are you a social worker? They'd be the only ones patient enough to try to decipher that mess.

#12 | Posted by LeeAtwater

maybe he isnt the partisna hack that you are

and a large part of the economic crisis is in the energy area and the selection of waxman as head of energy and commerce committee will DO NOTHING TO help him get out of this...
waxman is a stooge for the environmental wacko lobby and should be investigated for some of his stances..

dont believe me?? just wait and see

dont believe me?? just wait and see

for instance

BIG THREE has all the money that they say they need RIGHT NOW in the form of the 25 billion to help them with turning 'green'./

just take that money and get your business in order and we can sort that out later.

but someone like waxman wont allow that, you will see, I believe

"Bush's plan? Looks like Obmama just made it his."

Another thread where the ones who voted for the "same" demand some "change"!

The irony!

Its going to be a long eight years of this sad display!

"Bush's plan? Looks like Obmama just made it his."

Another thread where the ones who voted for the "same" demand some "change"!

The irony!

Its going to be a long eight years of this sad display!

Its going to be a long eight years of this sad display!

#24 | Posted by Redneckville

not true for sure

ONENDONE!!!!

I remember dems being this cocky in 76....

"dont believe me?? just wait and see"

You've never been right about anything, buttlovertwo.

Why would anyone believe you now?

Phoenix,
You actually read BLT's blathering posts? Are you a social worker?-- #12 | Posted by LeeAtwater

Lol. I just finished regrading a bunch of midterm essays.

One of the ironies of the predominance of liberals on my campus is that by the end of 4 years, the conservative students make much smarter, sharper arguments than the liberal students do. The conservatives are forced to listen to the other side, defend themselves, and learn something. Blather on the part of the liberal students, though, goes unchallenged too often, and so they're less likely to work their way to the smart liberal arguments. I'm all for including conservatives as an underrepresented group at universities, and including them in the diversity-promoting affirmative action programs they want to dismantle.

maybe he isnt the partisna hack that you are -- #21 | Posted by bushlovertwo

I'm a "she."

What happened to his promise of change?

His corporate masters have told him how it really is.

#6 | Posted by LeeAtwater

Oh, they told him how it really was even before the election started. Change was ever promised, just spoken. Uttering the word does not set deeds into motion.

nice post MS phoenix

midterm essays???

holy crap....only one thing worse than writing one is
grading them..........

a bud of mine turned in an essay about the meaning of life
it went.....life is meant to be lived.

of course he got an f .....I guess because he was only 444 words short.....LOL

SlickWilly and all the other clueless Rightie tighties.

Sorry, but traditional "liberal" strongholds have supported traditional "conservative" regions for decades. Federal money moves from Boston, the Bay Area, New York, Seattle ..... to Texas, Alaska and West Virginia... You clowns all talk real tough, waste lots of money, fuck the pooch and lack enough sense to innovate and compete effectively. One exception is that you able to exploit slave labor.

Just who is the responsible party in charge at GM, the CEO or the UAW? Just who was the responsible party in charge of ruining first Texas, then the country and now the whole world? Short term gains in the oil industry and rush out of the market into dollars will be very short lived gains.

Paul Craig Roberts (Reagan's Assist Sec of Treasury) and Michael Hudson (Professor and economic advisor to Kucinich, Canada and other honest Government's) should run the Treasury Department.

Greenspan's plan was to inflate Real Estate and make everyone rich by inflating their debts. What a man, what a plan.

What happened to his promise of change?

last i checked the frat man-boy is still in charge.

nut............you should be glad that I dont have time to anwser your post. I am sure that will keep you shaking in your boots.

anytime I read such a one paced post....I know now why obama supporters are so ignorant of facts according to the zogby poll....not referring to you because you are just repeating the same old same old............

and last I checked the great state of texas is doing better than most every other state at this time

and when you talk about those big three.
where does most of thier money and support go...
dems of course

BLT-if you want to discuss ignorant voters-30% of GOPpers still believe Obama is a muslim and probably half still believe Saddam had anything to do with 9-11.

Can you, or anybody else, explain McCain's economic plan and how Palin has enough foreign policy expertise tp put her one 72 y/o heartbeat from the WH/

Of course, you're the guy who still believes Bush was a good President....

Obama happens to be right in this case--there's no quick fix. Though the things that he promised to do would be certain to make things worse. Nothing like throwing big tariffs on imports that would plunge the world into Great Depression II, just as Smoot-Hawley did nearly 80 years ago. And nothing like punitive tax rates and throwing out the secret ballot for unions that would close thousands of otherwise profitable enterprises.

So far the markets' anticipation of Obamania is less than positive; interesting how his meteoric rise in the polls was matched by a similar decline in equities prices. Why take on the risk?

Anybody can look at historic patterns and see that a recession of the current sort will rebound in 18 months. When Osama says he has a plan that will create 2 million jobs, he's only baiting the masses with his 2012 campaign slogan:

Change that Works!

"There's nothing needs fixing. The economy is strong. Cut Cindi's taxes and I'll buy another house."
John McToast

"Change that Works!"

Yeah...that'll really suck, huh, vern?

I was not impressed with the Obama smear campaign nor McCains. Obama is hope at this point. I hope he hires the smartest economist there are... God knows we will need it.

I have to laugh at all the Republicans who are trying to pin Bush's economic Armageddon on Obama who hasn't even been sworn into office yet!

Their boy Bush, along with Republican Senator Phil Gramm, Democrat Christopher Cox, and every single Republican who voted to loosen the rules for the financial markets all in the name of "free trade" are the corrupt criminals here.

Yes, allowing suprime loans for borrowers who should not have had them in the first place were primarily pushed by Democrats for Fannie Mae and Freddie Mac but whose idea was it to bundle those now worthless subprime loans into toxic paper "securities" and sell them globally, to do credit default swaps, to allow 40-1 leverage by the banks? Bush, Republican Senator Phil Gramm, and the majority of Republicans, that's who.

Even two weeks ago when Bush finally crawled out of the White House to address for only a few minutes our financial meltdown Bush STILL babbled on he was "fearful" this might encourage more federal rules and regulations. Huh??? It's the absolute elimination of federal rules and regulations under Bush and the Republicans which allowed it to get to this level in the first place.

Sure, there were Democrats involved but NOTHING to the number of changes and amount of fraud allowed during Bush's eight years of corruption. Rubin, under Clinton, along with Alan Greenspan are also major culprits in this mess.

But this economic catastrophe was allowed to build up to this point on BUSH's watch -- no one else. To try and now lay the blame on Obama is as laughable as it is pathetic.

So Chris--how many stocks are you buying?

If liberals who were Bullish over Obama had four legs and a tail and ate spiders and lived in trees, they'd be on the endangered species list. They don't exist anywhere on planet earth. Your points about Bush are very valid, if not a little one-sided to protect your liberal pals in the Congress. Still, the stock market is forward-looking, and believes that Obama's economy will be 40% weaker than Bush's has been.

And that is really, really something. If you thought economic times during the Bush "regime" was a disaster, the capital markets are sayin' you ain't seen nothin' yet. So my question stands: why aren't liberals buying stocks? Is it just possible, that they don't believe any of the hype either?

the stock market is forward-looking,

If the pirates blow up that saudi tanker, the stocks will fall like a rock within minutes of the news-look how much they jumped whrn Gerkin's name was floated for Treasury...

I do have to feel sorry for you Righties though. It must really suck to have to admit (if even only to yourselves) that you have spent the last 8 years defending the worst President in history and that the best the GOP had to offer in 2008 was Bush redux with cariboo-boo barbie.

Other than jokes per day (and even then Bubba may still win out) about Bush, he has failed in every area a President functions-economics, military, global leadership (hell even Poppy got the world to support his war on Iraq, Dubya got Blairpoodle and the Poles, but they've already cut and run), and national security.
The only saving grace for Bush would have been the election of Mccain - he would likely have been even more inept, as his Palin choice shows. You do remember Mccain was ahead in the polls before the Bush's economic 9-11 and McCain's spazz out?
And BLT-as for understanding Obama's economic position-so what. You campaigned for McCain/Palin and you can't explain his position ( he didn't really have one, to be fair, other than America's workers were buff), and that unlicensed plumbers all make a quarter million a year. Voters looked at the last 8 years of Republican failure, their candidate, 80%Bush McCain and decided Obama was better. If you Republicans had the balls to stop pandering to the evanjihadists and gone with Flip Romney, you'd still have the WH. Instead you went with the god and gays song and dance. But in times of real issues to deal with, that was a waste of time.

BL2 PWNED by Northguy3.

But NG3, be nice sometimes. Picking on BL2 is like picking on Bush himself--almost too easy.

"the stock market is forward-looking, and believes that Obama's economy will be 40% weaker than Bush's has been."

Gee, it couldn't be the coming business contraction combined with printing over a trillion dollars, could it?

It couldn't be some of these guys actually went to business school and learned what happens when too many dollars chase too few goods, could it?

Remind me...how does the market react to impending inflation?

If " Obama's economy will be 40% weaker than Bush's", we all have Bush to thank. Bush fitted Obama with a ball and chain for the start of the Presidency marathon. Mission Accomplished!

Remind me...how does the market react to impending inflation?
* * * *

It goes up.

"It goes up."

I seem to remember a ditty from my youth:

"When rates are high, stocks will die; when rates are low, stocks will go."

Did Bush fuck that up, too?

I just filled up my gas tank for 40 bucks at 1.64 a gallon. I would say that makes things look pretty damn good on my end!

Yea the Airlines think the same in Fuel Futures
or they would be in TARP line also with GM

obamaboy already lowering expectations so his kool aid drinkers feel better about his non-performance once in office...he is a lying P.O.S. who speaks reall purty when reading from a telepromptert and that is good enough for the masses of sheeple... don't get me wrong, mccain is a lying POS too his big break was in not winning so that he can always say "told ya so" where was ross perot when we needed him most?