Obama vows new direction for TARP

CdV LA CA — Mon, 12 Jan 2009 23:23:35 GMT

My feeling is that if NAFTA is not renegotiated, the prospect of bringing jobs back into the US from Canada and other regions is going to be slim to none. All jobs that are outsourced to other countries are going to continue as long as human rights are not required in foriegn lands as they are here. That's why foriegn labor is so cheap. And as for American based companies doing that outsourcing, if they choose avail themselves of cheap labor, then they should have to pay a percentage of the savings in taxes that would be used to partially fund the unemployed here in this country.

Obama vows new direction for TARP

eagle1776 — Mon, 12 Jan 2009 23:32:38 GMT

Did he tell Calderon to keep his people on HIS side of the border? Decent wages and better working conditions plus jobs period would help tremendously.

Obama vows new direction for TARP

DCK — Mon, 12 Jan 2009 23:41:29 GMT

I have a 820 FICO credit score yet Citibank lowered my unsecured credit line from $15,000 to $1000 - They sure are using my taxes greatly - I closed over $200,000 o business with what have should been a FAILED bank.

Obama vows new direction for TARP

nuanced — Tue, 13 Jan 2009 00:28:17 GMT

"spent more wisely"
is that a euphemism for "not stolen"

I think it would take a full-time team of a few thousand prosecutors to investigate all the criminality and bring all of the criminals associated with the Bush administration and corporate friends to justice. But it should be done whatever the cost in time and money and new jail construction. The magnitude of waste and theft of taxpayer money in this administration is mind boggling.

Obama vows new direction for TARP

Terry Roberts, Springfield, Mo — Tue, 13 Jan 2009 00:29:46 GMT

Hmmm, where did the citigroup "group" get the $300,000.00 it "donated" to the fund for the inaugural? I have to wonder if it could have been more useful in paying down the megabank's debt.

Obama vows new direction for TARP

Richard, Washington State — Tue, 13 Jan 2009 00:48:12 GMT

If Obama really wants to do something different, then don't spend the TARP money. An alternative might be to spend it only when it is guaranteed that there will be clarity and transparency. That will ensure it won't be spent.

Show the non-expenditure as an immediate reduction in the budget deficit. That will look good on his resume.

Then jettison the $775 billion "stimulus" plan on the grounds that last year's $120 billion "stimulus" plan under Bush and the Democrat controlled congress was a failure as evidenced by the events that have occurred since around mid-September.

When you're talking trillion dollar figures, there is no clarity and no transparency, just a more massive opportunity for waste, corruption and theft.

Obama vows new direction for TARP

KNH, HI — Tue, 13 Jan 2009 02:00:18 GMT

When you give Wall Street loyalists government largesse, their competence to administer is in question. Paulson et al were part of the problem and at best they don't understand it and at worst they are continuing their lavish lifestyles at taxpayer expense.

Perp walks, we need some perp walks and public humiliation from Wall Street. The rest of us lost 40% of our retirement money, why do they get anything above a nickel for causing the collapse?

Accountability is all well and good, and I applaud Obama's efforts but ultimately there needs some real accountability through the justice system.

Obama vows new direction for TARP

Wheels On The Bus Go Flop Flop Flop — Tue, 13 Jan 2009 02:04:32 GMT

Wheels fall off the Obamabus in 8-7-6 . . .

Obama vows new direction for TARP

Jennifer England — Tue, 13 Jan 2009 02:42:23 GMT

Where are the details? So much talk and so little substance.

Obama vows new direction for TARP

Joe Sepeda,Early,Texas — Tue, 13 Jan 2009 06:24:51 GMT

Illegal drugs from Mexico or anywhere else will NEVER be controlled as long as there is a DEMAND for them in the US. If Americans suddenly wanted chocolate covered rabbit heads on a stick someone is going to sell them. The drug problem is all our doing, not the suppliers or money launderers. It's a moral tragedy that the country with the most freedoms has the least discipline. It doesn't help that most of our public figures aren't much of an inspiration either.

Obama vows new direction for TARP

Marcus D., Chicago — Tue, 13 Jan 2009 13:03:39 GMT

A full 90 percent of donations to fund Barack Obama’s Jan. 20 inauguration have come from well-heeled fundraisers — including Wall Street executives whose companies have received federal bailout money.

A total of 207 fundraisers have collected $24.8 million of the $27.3 million in donations disclosed by Obama through Thursday, according to an analysis by Public Citizen commissioned by The Wall Street Journal.

Slightly more than 2,000 donors accounted for the $27.3 million raised, but 378 of those people each contributed the maximum $50,000 allowed by Obama, raising almost 70 percent of the total, or $18.9 million, the analysis found.

Wall Street employees have been the largest single source of private donations, and many of the contributions have been channeled through financial-services executives who have put together bundles of donations worth hundreds of thousands of dollars.

“The preponderance of large donors and the fact that so many come from an industry receiving government handouts comes as the president-elect has sought to keep his inauguration free of special interests,” The Journal observed.

Why NO outrage from the Dem's on this issue. Do they think this is acceptable in an Obama/Biden administration? Bush would be crucified if it was his doing. We can not turn a blind eye and be two faced when it comes to these issues.