Good Lord, Gov Palin understands the financial crisis while Obama is speaking gibberish. Palin said that she was “Dissapointed that taxpayers are called upon to bailout another one. Certainly AIG though with the construction bonds that they’re holding and with the insurance that they are holding very, very impactful to Americans so you know the shot that has been called by the Feds its understandable but very, very disappointing that taxpayers are called upon for another one.”
She is exactly right. This bailout is very bad, but letting AIG go down would be catastrophic on the financial system. I don't know how much of AIG problems are it's own fault, but letting it fail would freeze the credit market.
Meanwhile Obama's statement is so confusing you have a difficult time figuring out if he thinks the bailout was a good or bad decision. Well, I guess that makes him a good politician. Say something, anything, but don't make a decision.
4 comments:
Well said Val, just more O'balm'a Lipservice!
Joseph
Well, he had to think (that is Obama); and that provided too much for him. It was either that, or he hadn't talked to his handlers for the answer.
I hate this bailout. Members of both parties were responsible; but we see Obama's friends got very wealthy, while we "middle class Americans" will end up picking up the tab and have nothing to show for it. Obama's friends were adequately rewarded for allowing all of this to happen.
I must respectfully disagree.
I think Obama gave us the true leader response.
He basically said that he had to wait, hear all sides, and get the lowdown from Paulson before coming out with a bunch of statements to make a political point.
McCain on the other hand came out swinging without thinking. "No bailouts! Fire SEC's Cox! It's all Obama's fault (that's his latest ad anyway)!
Neither one of them are financial experts, and even the expert don't know what the hell to do right now.
Do you really expect them to come out with an immediate answer?
Personally, i want a President who will consider all sides and get all the info and advice first.
Re: hardtack
Do you really really believe that it's Obama's friends that are getting rich?
Really?
I find it almost impossible to believe that anyone can think that.
You think McCain is "middle class"?
Remember? 7 houses? multiple ranches?
I find it shocking that anyone can take the "middle class" line and argue that Obama's on the other side of it. Check this out: side by side comparison of their tax plans done by the conservative Washington Post. Notice the middle class?
Please know that I mean no disrespect - just healthy debate.
"I think Obama gave us the true leader response." I don't think giving a cofusing message is not a sign of great leadership. It's obvious that neither McCain or Obama understand what's going on. The fact is most of Ameria is trying to figure it out. I do agree that McCain's outburts was terribly ignorant, demagogic, and panicky. He had a chance to prove his mettle as someone who could be level-headed in an economic crisis but he blew it. Hopefully, this weekend he sits down with his economic people and they clue him in and he comes up with a better message.
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