On 07/09/2009 01:52 PM, Stephen Russell wrote: > On Thu, Jul 9, 2009 at 1:45 PM, Leland F. Jackson, > CPA<[email protected]> wrote: >> I'm just listening to all the nonsense going around about >> President Obama, and his administration, being a bad thing, >> but it all seem to be baseless accusations, innuendo, >> insinuation, rumor mongering, hearsay, conspiracy theories, >> and outright fabrications/falsehoods, so I really have >> nothing to defend in President Obama's handling of his >> duties as President of the USA. > > ------------------------- > > When did POTUS get the decision power over bankruptcy of companies?
Nobody makes a decision to go bankrupt, LOL, but some companies are hell bent to get there no matter what. President Obama, and his administration, were forced into making a decision about whether to allow certain industrial and financial companies, integral to the USA economy, to fail or no as follows: a) Allow the companies to fail under normal bankruptcy laws that liquidate assets and distribute proceed to creditor. b) Help the companies reorganize under chapter 11 bankruptcy to cut cost, and pay bills, etc. c) Help finance companies by providing the capital needed to avoid bankruptcy altogether, allowing companies to streamline operations, cut cost, and deliver products that are the best value based on competitive pricing. Regards, LelandJ > > I am sorry that his agenda is getting ramrodded up our asses real > fast. When we need jobs why does the "green movement" get the only > funding? When Green is costly, it is self serving, and is only an > asset withing semi urban centers. > > Why is solar power going to be positive this time around and if failed > as soon as the money ran out in the 80s? > > Why should ethanol be the fule mix? > > I could go on but meeting in a few min. Petroleum reserves are not evenly distributed around the world. Some countries have abundant reserve that allow them to export petroleum. The USA was once a leader in this category, but the USA has for some time now needed to import petrol, and the trend is the USA need to import more and more petrol as time passes. The world is approaching a tipping point of peak oil, where supplies can no longer meet demand and this trend will worsen over time. This will result in the price for petroleum being driven up and will eventually result in a enormous transfer of wealth from the USA to the countries that are exporters of petroleum. Its time for the USA to change direction by turning to alternatives to petrol to drive the country, and its economy, into the future, so we have to have a change in direction, if we are to remain a viable and independent country. It will be painful, but we are going to emphasize solar, wind, nuclear, clean coal and other alternative to petrol energy going forward. There will be a loss of job in the petrol industry, but it will be offset by new jobs created in alternative energy industries like wind, solar, etc. > >> It appears that Speaker Nancy Pelosi has been vindicated >> regarding her assertions that the CIA mislead congress, and >> the American people, during the W Bush Administration years. >> CIA Director Leon Panetta reported this to be true, LOL >> but its nothing the American people, and everybody else for >> that matter, didn't already know. CIA misleading congress >> is serious situation. It doesn't get much scarier than that. >> >> I suspect President Obama will be cleaning up the mess left >> behind from the W Bush years for quite some time, while >> putting the USA back on a path leading to world peace, >> prosperity, and allow the USA to once again take its place >> as a major leader within the international community, so >> Obama plate couldn't be fuller. >> >> http://news.yahoo.com/s/bloomberg/20090709/pl_bloomberg/avp991mwyfpe_1 >> >> >> Regards, >> >> LelandJ >> >> >> On 07/09/2009 08:43 AM, MB Software Solutions, LLC wrote: >>> Stephen Russell wrote: >>>> On Wed, Jul 8, 2009 at 11:35 PM, Nicholas Geti<[email protected]> >>>> wrote: >>>>> It is not the kind of waking up that I would hope for. These people are >>>>> just >>>>> worried about their own skin in the job market. I want to see the people >>>>> wake up to more fundamental issues like the government running our lives >>>>> and >>>>> going into breath-taking debt. >>>> --------------------------------------------- >>>> >>>> Well that as a start. Now add in that government wants to be >>>> responsible for your health and well being. I have never seen a tax >>>> or law repealed so this is going to last longer than our lives. >>>> >>>> I didn't think that Obama would grab this much power. Unfortunately >>>> he is doing it so fast. He scares me more then Cheney did and that is >>>> not good. >>>> >>>> YMMV >>>> >>> >>> Can't wait to hear the reaction from the prObama side. Leland? Ed? >>> >>> [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
