Posted: 02 April 2010 at 12:56pm | IP Logged | 9
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You know - to piggyback on what's being said about about Obama being for the banks - I was always nervous to make that call - my understanding, and this was back before the election - was that if these banks failed, the credit market would freeze up.Sounds good, right? Hell with credit and APRs, right? I'm with everyone on that! But then - our whole economy would literally die - overnight. Dead. I'm talking neighbors killing neighbors for their human meat. I'm talking dirt sandwhiches for you only meal once a week if you can't stomach eating human flesh, etc. Sounds crazy as uncle's day at a whorehouse, right? Well... not so fast... Like it or not, our whole economy is based on credit. Very very very very few people (JB is an example, oddly!) buy a house, a car, an education, medical care, etc, with a bag of cash. With a burlap sack with a dollar sign painted on it. It's ugly, but true - credit is so interweived into our day to day interactions that we could not function without it. At least, not overnight. Like - you take a junkie off heroin with methadone, not cold turkey. So I was always for Obama keeping our banking system afloat, especially if it would include regulations once it stablizied, which, by the by, is now what's happening. But more than that, I forgot this added benefit of what he did - as was noted on an awesome summary over on KOS of all of Obama's great acheivements - by saving the banking system, he managed to save a lot of people's (not all, but a lot) retirements. So.. there's that, too. He could, as some noted, have just handed out money to the American people, but... let's think this through... first? When people other than Retour say this - in other words, when Republicans say this, you have to understand the "game" that's being played. They can say this safely - it didn't happen, so they can say it. Yet, had Obama given money to the people, they would have called him on that, too - that he was creating a welfare state. And in fact, Republicans have long stood for helping banks and corporations. If they were true to their history and ideals, they would be applauding Obama for his actions. (Which, by the way, gives some credence to Retour's claim to being a Democrat) Obama did a Republican move, yes, but I believe it was to our nation's great benefit. Republicans are calling him out because they're playing a game, and Democrats who call him out? They're not playing the game correctly.
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