The Official Obama Scorecard Thread

[Balloon guy 158]

There is no possible reason other than a conspiracy to form a world government.

Which is written about 2,000 years ago in the Bible.Man time to break out my Pascal T-shirts

[Jeepster80125 0]

Why else are they spending so much and making the dollar more and more worthless?

Go back and read the post I said was retarded.Go ahead, I'll wait here.Did you read it? Now, how can you possibly hope to be taken seriously on this board when you write crap like that? Do you even believe your own words?

[NickZepp 0]

Apparently Al Gore thinks cap and trade will bring us closer to "global governance"http://www.youtube.com/watch?v=fKKG-Xw2sFEGlad I'm not the only conspiracy theorist. Al Gore is in on it also.

[Naked_Cowboy 0]

I will be the first to tell you that barack obama is a lot of really bad things (liar, horrible at economics and/or a socialist, hilariously hypocritical, short on experience, married to a racist, more of a mouthpiece than an actual leader, etc) but I lose you at hell bent on creating a one world apocolyptic government.

[vbnautilus 48]

Apparently Al Gore thinks cap and trade will bring us closer to "global governance"http://www.youtube.com/watch?v=fKKG-Xw2sFEGlad I'm not the only conspiracy theorist. Al Gore is in on it also.

I watched that entire video (not easy) and despite its title Al Gore does not say anything of the sort in that video.

[Balloon guy 158]

I watched that entire video (not easy) and despite its title Al Gore does not say anything of the sort in that video.

Yea, he got the wrong video....this is the correct one

[El Guapo 8]

I will be the first to tell you that barack obama is a lot of really bad things (liar, horrible at economics and/or a socialist, hilariously hypocritical, short on experience, married to a racist, more of a mouthpiece than an actual leader, etc) but I lose you at hell bent on creating a one world apocolyptic government.

MYP

[hblask 1]

http://www.businessweek.com/magazine/conte...22017811535.htmn 1970 a young Wall Streeter named Jim Rogers hooked up with George Soros to start the legendary Quantum Fund. The ensuing decades have seen Rogers build an iconoclastic career as an author, adventurer, and creator of the Rogers International Commodities Index. And throughout, Rogers—now based in Singapore—has remained an outspoken global investor. Today is no different. He has harsh words for former Fed Chairman Alan Greenspan, suggests President Barack Obama and his economic team are not up to the task, and thinks tough love is the answer for America. MARIA BARTIROMO What do you think of the government's response to the economic crisis? JIM ROGERS Terrible. They're making it worse. It's pretty embarrassing for President Obama, who doesn't seem to have a clue what's going on—which would make sense from his background. And he has hired people who are part of the problem. [Treasury Secretary Tim] Geithner was head of the New York Fed, which was supposedly in charge of Wall Street and the banks more than anybody else. And as you remember, [Obama's chief economic adviser, Larry] Summers helped bail out Long-Term Capital Management years ago. These are people who think the only solution is to save their friends on Wall Street rather than to save 300 million Americans. So what should they be doing? What would I like to see happen? I'd like to see them let these people go bankrupt, let the bankrupt go bankrupt, stop bailing them out. There are plenty of banks in America that saw this coming, that kept their powder dry and have been waiting for the opportunity to go in and take over the assets of the incompetent. Likewise, many, many homeowners didn't go out and buy five homes with no income. Many homeowners have been waiting for this, and now all of a sudden the government is saying: "Well, too bad for you. We don't care if you did it right or not, we're going to bail out the 100,000 or 200,000 who did it wrong." I mean, this is outrageous economics, and it's terrible morality. You have said Bear Stearns and Lehman (LEHMQ) would still be around if Greenspan hadn't bailed out Long-Term Capital Management in 1998. Can you explain? Well, if Long-Term Capital Management had been allowed to fail, Lehman and the rest of them would've lost a huge amount of money, their capital would've been impaired, and it would've put a terrible crimp on Wall Street. It would've slowed them down for years. Instead of losing capital, losing assets, and losing incompetent people, they hired more incompetent people. Should AIG (AIG) have been allowed to fail, too? First of all, banks and investment banks and insurance companies have been failing for hundreds of years. Yes, we would've had a terrible two years. But you're dragging out the pain. We had 10 years of the worst credit excesses in world history. You don't wipe out something like that in six months or a year by saying: "Oh, now let's wake up and start over again." What about Citigroup (C)? What about the car companies? They should be allowed to go bankrupt. Why should American taxpayers put up billions to save a few car companies? They made the mistakes! We didn't make the mistakes! I'm sure they'll give them the money, but I'm telling you, it's a mistake. It's a horrible mistake. I totally understand what you're saying, but the banks are under massive pressure. They all took huge, huge profits. Who was the head of Citigroup? Chuck Prince? I mean, how many hundreds of millions of dollars did Prince take out of the company? How many hundreds of millions of dollars did other Citibank execs take out of the company? Wall Street has paid something like $40 billion or $50 billion in bonuses in the past decade. Who was that guy who was the head of Merrill Lynch (MERR)? tan O'Neal? Right, Stan O'Neal. He got $150 million for leaving, even though he ruined the company. Look at the guy at Fannie Mae (FNM), Franklin Raines. He did worse accounting than Enron. Fannie Mae and Freddie Mac (FRE) alone did nothing but pure fraudulent accounting year after year, and yet that guy's walking around with millions of dollars. What the hell kind of system is this? Are you worried the economic crisis will lead to political turmoil in China and elsewhere? I absolutely am. We're going to have social unrest in much of the world. America won't be immune. What does all this mean from an investment standpoint? Always in the past, when people have printed huge amounts of money or spent money they didn't have, it has led to higher inflation and higher prices. In my view, that's certainly going to happen again this time. Oil prices are down at the moment, but that's temporary. And you're going to see higher prices, especially of commodities, because the fundamentals of commodities are enhanced by what's happening. Which commodities are worth buying or holding on to? I recently bought more of all of them. But I really think agriculture is going to be the best place to be. Agriculture's been a horrible business for 30 years. For decades the money shufflers, the paper shufflers, have been the captains of the universe. That is now changing. The people who produce real things [will be on top]. You're going to see stockbrokers driving taxis. The smart ones will learn to drive tractors, because they'll be working for the farmers. It's going to be the 29-year-old farmers who have the Lamborghinis. So you should find yourself a nice farmer and hook up with him or her, because that's where the money's going to be in the next couple of decades.

[Balloon guy 158]

I said this from the beginning and was told that there were reasons why the banks couldn't fail. I didn't think those reasons were worthy of stopping the normal result from bad decision making executives who were promoted above their ability to perform effectively.Rolling Stones had an article this month about this that a guy was telling me about, I haven't read it yet. But basically he said Goldman Sachs has been behind most of the failures in the markets and economy and they profitted the most from the government bail outs.I like what the above guy says.execpt the farmer thing.Lamborghinis don't belong on the farm. I've also been consistant about that for years.

[JoeyJoJo 18]

Horrible economic decisions, political turmoil, social unrest blah blah blah...-1 point for throwing like a girl.

[CaneBrain 95]

-1 point for throwing like a girl.

seriously. He short-armed it. I do not understand how he can be so competent at basketball and yet look completely uncoordinated throwing a baseball (or bowling). Hand-eye is supposed to translate from sport to sport. More proof that black people are just meant to play basketball I guess.

[LincolnK 1]

I said this from the beginning and was told that there were reasons why the banks couldn't fail. I didn't think those reasons were worthy of stopping the normal result from bad decision making executives who were promoted above their ability to perform effectively.Rolling Stones had an article about this that a guy was telling me about, I haven't read it yet. But basically he said Goldman Sachs has been behind most of the failures in the arkets and economy.I like what he says.execpt the farmer thing.Lamborghinis don't belong on the farm. I've alos been consistant about that for years.

i don't know what you're referencing here, but I'll point out that Lamborghini built tractors before sports cars and I think that's awesome.

[Nimue1995 1]

I said this from the beginning and was told that there were reasons why the banks couldn't fail. I didn't think those reasons were worthy of stopping the normal result from bad decision making executives who were promoted above their ability to perform effectively.Rolling Stones had an article this month about this that a guy was telling me about, I haven't read it yet. But basically he said Goldman Sachs has been behind most of the failures in the markets and economy and they profitted the most from the government bail outs.I like what the above guy says.execpt the farmer thing.Lamborghinis don't belong on the farm. I've also been consistant about that for years.

Lol yeah everyone knows that trucks and SUV's belong on farms.

[Sal Paradise 57]

http://finance.yahoo.com/news/Nine-Reasons...ml?x=0&.v=1pretty interesting if not really depressing article about the economy and what the government is doing. pretty funny that it's making observations about what is happening that are exactly the same as what people were predicting before the stimulus and bailouts, yet we're just going to keep ignoring those people. jesus christ.don't agree with everything he says (especially the "hey, the government wasted almost a trillion with the first stimulus, but hopefully they'll spend it right with the next one." yeah. jesus.), but there are some good points in there.

[hblask 1]

http://finance.yahoo.com/news/Nine-Reasons...ml?x=0&.v=1pretty interesting if not really depressing article about the economy and what the government is doing. pretty funny that it's making observations about what is happening that are exactly the same as what people were predicting before the stimulus and bailouts, yet we're just going to keep ignoring those people. jesus christ.don't agree with everything he says (especially the "hey, the government wasted almost a trillion with the first stimulus, but hopefully they'll spend it right with the next one." yeah. jesus.), but there are some good points in there.

Yeah, it's obvious the author still thinks that government can wave a magic wand and spend us to prosperity -- this time it just didn't happen to work out. (I guess the other hundred similar experiments were anomalies too).Taking money from productive sectors and giving it to unproductive sectors can never work. I don't know why that lesson is so difficult to understand. It makes no sense in theory, and now we've got a century of data to demonstrate it.

[Jeepster80125 0]

Rep. Kaptur gets $3.5 billion sweetener in climate billDemocrats offered concession to Ohio's KapturWhen House Democratic leaders were rounding up votes Friday for the massive climate-change bill, they paid special attention to their colleagues from Ohio who remained stubbornly undecided.They finally secured the vote of one Ohioan, veteran Democratic Rep. Marcy Kaptur of Toledo, the old-fashioned way. They gave her what she wanted - a new federal power authority, similar to Washington state's Bonneville Power Administration, stocked with up to $3.5 billion in taxpayer money available for lending to renewable energy and economic development projects in Ohio and other Midwestern states.House Energy and Commerce Chairman Henry A. Waxman, California Democrat, included the Kaptur project in a 310-page amendment to the legislation unveiled at 3 a.m. Friday, just hours before the bill was to be debated on the House floor. The amendment was packed with other vote-getting provisions, both large and small, that had been sought by dozens of wavering Democrats.The wheeling and dealing proved successful. Mr. Waxman and House Speaker Nancy Pelosi, California Democrat, backed by the personal lobbying of President Obama, won over enough lawmakers to pass the bill narrowly Friday evening, 219-212.

[hblask 1]

Rep. Kaptur gets $3.5 billion sweetener in climate billDemocrats offered concession to Ohio's KapturWhen House Democratic leaders were rounding up votes Friday for the massive climate-change bill, they paid special attention to their colleagues from Ohio who remained stubbornly undecided.They finally secured the vote of one Ohioan, veteran Democratic Rep. Marcy Kaptur of Toledo, the old-fashioned way. They gave her what she wanted - a new federal power authority, similar to Washington state's Bonneville Power Administration, stocked with up to $3.5 billion in taxpayer money available for lending to renewable energy and economic development projects in Ohio and other Midwestern states.House Energy and Commerce Chairman Henry A. Waxman, California Democrat, included the Kaptur project in a 310-page amendment to the legislation unveiled at 3 a.m. Friday, just hours before the bill was to be debated on the House floor. The amendment was packed with other vote-getting provisions, both large and small, that had been sought by dozens of wavering Democrats.The wheeling and dealing proved successful. Mr. Waxman and House Speaker Nancy Pelosi, California Democrat, backed by the personal lobbying of President Obama, won over enough lawmakers to pass the bill narrowly Friday evening, 219-212.

Isn't it wonderful that Democrats care about the environment so much?

[hblask 1]

Biden almost needs his own thread, but here's his latest:“Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, that's what I’m telling you.”Excellent, Joe, Excellent.

[Balloon guy 158]

Another wonderful Bidenism from the man who is so much better of a choice than Sarah Palin

Vice President Biden has done it again. He's making a speech today. "To those who say that our economic decisions 'have not produced jobs, have not produced prosperity, and simply have not worked' I say, take a look around." Ha! He's actually inviting people to look at the devastation that has been wrought by his administration. "Come see what I see everywhere I go: workers rehired, factories reopened, cops on the street, teachers in the classroom" -- it's summertime -- "progress toward getting our economy back on the move. I ask those critics.... Would they not help the states prevent lay off thousands of teachers, firefighters, cops? Would they not give a tax cut to 95 percent of the American people? Would they sit back and do nothing as our economy collapsed?" Oh, the State-Run Media's more than eager to help facilitate this notion that the economy is roaring back and there's prosperity out there.

It's done, Obama and Biden have turned everything around.Whew..touch and go there for a minute. Sorry I ever doubted you Joe

[hblask 1]

I love it how politicians, when faced with any type of limitation on spending, say they need to cut education, police, and programs for the poor.Personally, if I'm running an ridiculously overpriced, inefficient organization, I start by cutting the 90% that is waste and bureaucracy, not the core functions.Maybe that's why I'm not a politician.

[Balloon guy 158]

I love it how politicians, when faced with any type of limitation on spending, say they need to cut education, police, and programs for the poor.Personally, if I'm running an ridiculously overpriced, inefficient organization, I start by cutting the 90% that is waste and bureaucracy, not the core functions.Maybe that's why I'm not a politician.

That and your website

[FCP Bob 1,312]

I love it how politicians, when faced with any type of limitation on spending, say they need to cut education, police, and programs for the poor.Personally, if I'm running an ridiculously overpriced, inefficient organization, I start by cutting the 90% that is waste and bureaucracy, not the core functions.Maybe that's why I'm not a politician.

What I find amazing is the fact that defense spending seems to get no scrutiny at all by most people who complain about the wasteful inefficient government. It's like defense spending is a religion and it's blasphemy to question how the money is spent or whether too much is spent.

[Balloon guy 158]

What I find amazing is the fact that defense spending seems to get no scrutiny at all by most people who complain about the wasteful inefficient government. It's like defense spending is a religion and it's blasphemy to question how the money is spent or whether too much is spent.

Although I agree to an extent, Defense spending is a net gain for this country in many ways. Pumping massive amounts of money into US defense contractors equals jobs etc, keeping us in the front of the weapons technology curve; really cool airplanes and tanks, and side benefit of new technologies that help us all, like velcro, and Tang (NASA is just Airforce light wince we are weaponizing space. don't let anyone tell you different )Also it is a required job of the federal government to defend the country.It is not a required job to measure cow flatualance or help old people.

[hblask 1]

That and your website

How many businesses do you know that are in negotiations for categorized bottle's of SP's urine before the business even opens? The sky's the limit on this one.

[hblask 1]

I agree defense spending is as out of control as anything else. Having worked in for defense contractors for about 15 years, I think it's safe to say their budget could be cut in half without any loss of military readiness or technology. It's just insane what they waste money on.As for BGs point, there is a certain amount of defense spending that is a net gain. It's questionable that a country like this could even exist without a fair amount of defense spending. But we could get the same result with targeted, efficient programs as with bloated, inefficient ones, for a fraction of the price.And no, make-work jobs for defense contractors is no better for the economy than make-work jobs for unions.