“Maybe we will see some daylight in Ms. Clinton's 2nd term” Good Grief, you are really a silly ridiculous fellow!

Well I guess he could if we use Carter as an example. I quess my his logic Reagan would be responsible for the economic crises that started under Carter's watch.

Reagan's approval rating wasn't much different than Obama's at this time of his adminstration either.

So if we measure the effectiveness of a President by the condition of the country he left it for the next president then I would give Carter a 2 out of 10 and Bush Jr. a (-12) out of 10.

I'm sorry but it is going to take a very long time to fix this mess Bush left us — much longer than Obama's term limit of 8 years.

Maybe we will see some daylight in Ms. Clinton's 2nd term.

http://www.domain-b.com/economy/worldeconomy/20…

Like all things Obama, don't listen to the lies, use common sense and experience and you're far more likely to arrive at the truth of the matter. First off, when the Obama Administration took over the TARP program they started strong-arming banks/mortgage lenders and converted preferred stocks to common stocks (voting stocks) in a blatant bid to control those banks. IOW they changed the rules after the LOANS were made. Some institutions were “forced” to take bailout funds by the Feds. (links are available).

To a large extent the same crooked tactics were used by the Administration where the auto companies were concerned. Eat your heart out Hugo Chavez! You only WISH you had this much chutzpah!

So what was the endgame for Obama? What is he after? To start with, you have to know who he is. Barack Obama is a fascist. He's using taxpayer funds to leverage control of corporate entities such as GM, Chrysler, the banks that took bailout LOANS, etc. without much regard for contract law or propriety. He's seizing control of capitalist entities while leaving them largely intact.

So he has this “slush fund” of 700 billion dollars, and he has a two prong approach:

1. Make as many loans as possible, as quickly as possible and EXERT control ASAP. Use “stress tests” on the banks against their will if necessary. DO NOT allow the borrowers to pay that money back quickly, use any excuse necessary. What's the purpose of all of this? The purpose is to make it as painful as possible for future potential T.A.R.P. borrowers, thereby leaving you in control of a HUGE unspent pile of money (TARP funds).

2. Use the unspent TARP funds to buy the election of Democrats in 2010 and 2012. Call it job creation if you want or Dem seats “created and or saved.” The devil's in the details here.

The whole thing's rather clever I'd say. Too bad that I'm not talking about Venezuela.

What is necessary is a change in the returns to work and investment — for example, a reduction in the tax rate faced by workers and investors. If the government gives you a $500 or $5000 tax credit or rebate, there is no incentive to change your behavior. But if the government reduces your (for example) income tax rate from 10% to 5% or 33% to 28%, you are keeping more of what you earn – which means it’s more worth your trouble to earn it.

Economist Alex Tabarrok has the clever idea of reducing everybody’s tax rate substantially – for all income above whatever they earned last year. This would have a strong stimulus impact – by encouraging people to work more hours, tax second jobs, or (re-)enter the labor force. This would increase production and induce economic expansion without any use of taxpayer funds, and without replacing one type of production with another.

That’s the sort of creative ideas we need right now, rather than a repeat of the stimulus spending approach that has failed every time its been tried.

This venerable and much honored WW II vet is well known in Hawaii
for his seventy-plus years of service to patriotic organizations and causes all over the country. A humble man without a political bone in his body, he has never spoken out before about a government official, until now. He dictated this letter to a friend, signed it and mailed it to the president. Consult : http://xrl.us/bgeewc