As some of you know I dont visit this site anymore and I have a blog some other place and this is a copy of my last post there:
Obama's economy plan is failing hard on soo many levels. They are basically violating every possible rule set out by free market.
After the previous administration failed so hard by saving special interest and bailing out loosing companies on wall street now Obama, who is screaming change on top of his lungs, not only doing the same crap job as before but only more of it. Not letting the capitalism and free market doing its job its about the worse thing you can do. Saving out loosing companies. Creating zombies by injecting money to failed banks and companies. Buying assets that no one wants. And the latest trying to regulate CEO's pays! When are they going to learn? The system will only work if you let the bad ones loose. If you keep bailing out and helping loosers and those who make bad decisions you are not only discouraging productive people you are doing massive damage to the system.
It might sound tough. But people who made bad decisions HAVE TO live on the streets and get kicked out. People who are 50 year of age and screwing bolts at GM plants at $50/hour HAVE TO loose their job. CEO's who manage billions of dollars HAVE TO get 10+mil/year pay to stay motivated. Just because some lazy ass idiot didn't go to school and get an education and get fooled by some mortgage broker is on the street doesn't mean that EVERYONE in the country has to cut back on their lives. If people who make bad decisions don't pay who will be motivated to make good decisions? What happened to moral hazard?
Why Obama is doing EXACTLY the same as Bush? Postponing the problem by creating zombie companies wont solve the problem it will only make things worse. Helping poors and bad decision makers has never solved anything it will only make things worse.
@wisdom. The way he is going I doubt he will be able to adjust in later times. Running huge deficits. Bailing out companies and ganging public against them. Trying to save countless of useless unproductive jobs. The economy is trying to get rid of trash and goverment doesn't let it. What makes people think all these will be easier to do in the future?
0 votes
In US everyone is happy as long as all the prices are rising. Unless its crude oil - Marc Faber
You fail again, you are clearly visiting this site now
1
rS.Wisdom[9] United States. Mar 15 2009 20:41. Posts 1288
i have to agree with most of your points involving rewarding bad decisions and interfering with the free market. i'm still optimistic that obama will be able to adjust over time though, but we'll see.
1
rANDY United Kingdom. Mar 15 2009 20:44. Posts 2223
You loose at spelling
1
ToTehEastSide United States. Mar 15 2009 20:44. Posts 1337
A+ would read again
Bush in the first 4-5 years of office spent and borrowed 1.02 trillion
economy is #1 on why ppl hate him
that is more than every single president ever to serve before him COMBINED
yet Obama is adored and has already matched this amount
the US is gonna have to reap what it sows one day
dammit I really gotta go
lol, like I said before the problem with this site was mainly the admins. Thats why Im NOT visiting this site anymore and I only post blogs. Actually even those are re posts from another site Im visiting now.
@wisdom. The way he is going I doubt he will be able to adjust in later times. Running huge deficits. Bailing out companies and ganging public against them. Trying to save countless of useless unproductive jobs. The economy is trying to get rid of trash and goverment doesn't let it. What makes people think all these will be easier to do in the future?
PS: Im bad at spelling so much I ran it in words twice and I still fail!
In US everyone is happy as long as all the prices are rising. Unless its crude oil - Marc Faber
Last edit: 15/03/2009 20:47
1
TheTrees United States. Mar 15 2009 20:49. Posts 1592
You really have no clue what you're talking about. You should read about the new philosophy of the fed and why the chairman is making these decisions.
On March 15 2009 19:49 TheTrees wrote:
You really have no clue what you're talking about. You should read about the new philosophy of the fed and why the chairman is making these decisions.
I just love these type of posts.
In US everyone is happy as long as all the prices are rising. Unless its crude oil - Marc Faber
1
Zalfor United States. Mar 15 2009 21:04. Posts 2236
the world is more complicated than dumb ceos making 10m/year.
1
JYang United States. Mar 15 2009 21:05. Posts 2669
DUZ U KNOW BARACK OBAMA IZ A FAN OF LIL WAYNE NIGGA
Unfortunately the screwers are doing better job then CEOs. And lol@staying motivated. These monkeys will be motivated for 50 grand a year if it meant putting food on their table. The idea of enormous salaries is to ensure their honesty while dealing with billions. Yea that worked out really great.
While I completely agree, it's spelled LOSE, not LOOSE.
AWESOME mentally handicapped, slept with like 30 guys, meeting her mum on the first date, unprotected sex, 12 year old girls.FIST PUMP - YOU ARE A MAN, MY SON. -Byrensam
