On Tue, Mar 3, 2009 at 5:42 PM, Charles Bennett <[email protected]> wrote: > > On Mar 2, 2009, at 9:37 PM, Henry McGilton (Boulevardier) wrote: >> >> On Mar 2, 2009, at 3:00 PM, Kevin Callahan wrote: >>> >>> http://www.nytimes.com/2009/03/03/business/03aig.html?_r=1&hp >> >> And see Jim Rogers' comments on the subject: >> >> http://www.businessweek.com/magazine/content/09_10/b4122017811535.htm >> _______________________________________________ > > > He is dead on. We have pissed away 150 Billion giving AIG bailout > money but that is going to end up being chump change before Obama is > done.
I agree with you (horror) that these bailouts are a grave mistake. However, instead of just stating that, you have to turn it into a tirade against Obama, because he humiliated your preferred party. The mess was made over the last 10 years or so, the vast majority of which was presided over by a repub. admin. that did absolutely nothing about it until it went super-critical and *then* set about doing exactly that for which you are criticising Obama. The trouble is that in the modern world *no* US admin is going to have the balls to really let capitalism "flow". They *know* that they'll get their clocks cleaned by any number of other economies if they stop propping up their dinosaurs. I am fairly sure that the Obama admin don't like what they are doing in many cases (though there are sound arguments for bringing more government control into the financial and medical sectors and in the big bad world, you have to *buy* that). However many mistakes are being made, the current admin is by any reasonable assessment, less blundering, less naive and less incompetent than the last one. _______________________________________________ OSX-Nutters mailing list | [email protected] http://lists.tit-wank.com/mailman/listinfo/osx-nutters List hosted at http://cat5.org/
