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Crosscheck
PostPosted: Fri Jan 29, 2010 4:02 pm 
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ironyisadeadscene wrote:
i think thats rather harsh. i figured we were having a rational discussion. i dont get how me wanting better for my region makes me a selfish whiner. perhaps slightly selfish, but in a positive manor.

i, myself, did not go to obama and ask him to and take over GM. but he did, and i am grateful for it. enough so, that hes got my vote again in 2 and a half years.

Maybe it was a little harsh, but you're being disturbingly selfish....especially when arguing our tax money should be used to prop up your region to a message board full of people from Buffalo.

This country doesn't need GM.
GM doesn't deserve to exist.
Sorry they happen to be located where you are, but that fact is completely irrelevant.

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CriminallyVu1gar
PostPosted: Fri Jan 29, 2010 4:06 pm 
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Sabres Junkie, where the mods are granted name-calling priveliges.

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Godzilla1960
PostPosted: Fri Jan 29, 2010 4:07 pm 
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Crosscheck wrote:
Godzilla1960 wrote:
Crosscheck wrote:
Your president...

Unless you are revoking your citizenship, he is your president, too.


Fine, the President you put in office that prefers to give my money to wall street instead of NASA.

Why, that would be both the president I put into office AND the previous president, who you put into office.

I'm not happy about the bailouts of big business any more than you are, Cross. I think you know my feelings on capitalism in this country - we have capitalism for the poor and middle class, but socialism for corporations.

It's a racket, perpetuated by the wealthy.

However, let's remember the state of mind of economists, politicians, and just about everyone in the country 12-15 months ago when these decisions were being made. People were talking about a Depression that might rival the Great Depression. There was a fear of a global meltdown the likes of which has never been seen since the advent of the global economy.

As bad as things turned out (and they were/are pretty bad), it might have been much, much worse. I seem to remember you making a similar argument about the mistakes of Iraq and how in retrospect we might have done things differently, but in the midst of the situation everything isn't as clear as it is from the perspective of those looking back.

The ripple effect on the economy of two of three major American car companies going belly up would have been a disaster for the entire country. Now, maybe you think that we need to just take our medicine and suck it up. That is what they did during the "panics" of the 19th century (what they called depressions in those days). Fire your workers, kick people out of their homes, and tighten your belt - its how the free market works.

You know any politicans willing to deliver that message?

As the economy recovers, I think it is the right thing to do to have a national conversation about this idea of "too big to fail." What is going to be our government's policy about bailing out companies? Should we tax these companies to set up some sort of emergency fund to make loans during times of economic hardship (sort of like our natural disaster funds)?

It is fair and right to have this conversation. In the middle of a hurricane, though, is not the time to have a discussion about who pays for disaster relief, and in 2009 we were in the middle of a financial hurricane.

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Last edited by Godzilla1960 on Fri Jan 29, 2010 4:15 pm, edited 3 times in total.

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Crosscheck
PostPosted: Fri Jan 29, 2010 4:08 pm 
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CriminallyVu1gar wrote:
Sabres Junkie, where the mods are granted name-calling priveliges.

Maybe whiner was harsh...I'll admit that. but "selfish" isn't name calling...it's just an adjective.

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Squanto
PostPosted: Fri Jan 29, 2010 4:09 pm 
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Crosscheck wrote:
Squanto wrote:
Yep. And every time the current administration wants to punish the financial institutions for abusing this help, what happens?

The Republican train pulls into Obstruction Junction and vows to stop it.


Here ya go Squanto....
http://fans.sabres.nhl.com/reply/419987 ... ply-419987

My exact reaction when Bush signed TARP.


I know you weren't a fan of it Ed. My consternation is just that it seems like every criticism you have about our government falls at the feet of Obama, even though the vast majority of these problems fell into his lap.

I'm not giving the guy a free pass, but it seems like people expect the guy to fix every problem he inherited from previous administrations in 12 months without a mistake.


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ironyisadeadscene
PostPosted: Fri Jan 29, 2010 4:14 pm 
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Crosscheck wrote:
ironyisadeadscene wrote:
i think thats rather harsh. i figured we were having a rational discussion. i dont get how me wanting better for my region makes me a selfish whiner. perhaps slightly selfish, but in a positive manor.

i, myself, did not go to obama and ask him to and take over GM. but he did, and i am grateful for it. enough so, that hes got my vote again in 2 and a half years.

Maybe it was a little harsh, but you're being disturbingly selfish....especially when arguing our tax money should be used to prop up your region to a message board full of people from Buffalo.

This country doesn't need GM.
GM doesn't deserve to exist.
Sorry they happen to be located where you are, but that fact is completely irrelevant.


i guess im just going to have to concede. i disagree with you, but understand where you are coming from.

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Crosscheck
PostPosted: Fri Jan 29, 2010 4:14 pm 
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Godzilla1960 wrote:
I'm not happy about the bailouts of big business any more than you are, Cross. I think you know my feelings on capitalism in this country - we have capitalism for the poor and middle class, but socialism for corporations.

You may not be for it but you seem to readily accept it and defend it.

Based on what? What *might* have been? The boogie-man?
No one will ever be able to quantify if it worked at all...that's the beauty of it. They don't have to prove anything.

From where I sit, the people that were running the financial ship of this country (besides Greenspan) when this whole thing went down, are still in charge. The fox is running the hen house...they were under Bush and they are under Obama.

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Crosscheck
PostPosted: Fri Jan 29, 2010 4:18 pm 
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Squanto wrote:
I know you weren't a fan of it Ed. My consternation is just that it seems like every criticism you have about our government falls at the feet of Obama, even though the vast majority of these problems fell into his lap.

I'm not giving the guy a free pass, but it seems like people expect the guy to fix every problem he inherited from previous administrations in 12 months without a mistake.

That's the only reason I went and found that thread...this isn't a gotcha game with Obama. He's just in charge now and continuing what I see are seriously destructive domestic policies started by the previous administration.
I'm a fiscal conservative and I haven't been represented in Washington since Newt Gingrich and *gasp* Clinton.
I will continue to complain about it no matter who's in office.

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Godzilla1960
PostPosted: Fri Jan 29, 2010 4:31 pm 
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Crosscheck wrote:
Godzilla1960 wrote:
I'm not happy about the bailouts of big business any more than you are, Cross. I think you know my feelings on capitalism in this country - we have capitalism for the poor and middle class, but socialism for corporations.

You may not be for it but you seem to readily accept it and defend it.

Based on what? What *might* have been? The boogie-man?
No one will ever be able to quantify if it worked at all...that's the beauty of it. They don't have to prove anything.

From where I sit, the people that were running the financial ship of this country (besides Greenspan) when this whole thing went down, are still in charge. The fox is running the hen house...they were under Bush and they are under Obama.

Boogie-man?!?!

Have you seriously forgotten the mood of the country 15 months ago, Cross? We were on the verge of a full scale panic. The country took a pretty serious body blow WITH the stimulous packet(s). Are you going to tell me the economic recovery would have been better without it? Or just more ideologically pure?

Perhaps you want to email Brett Farve some advice about last weekend's NFC championship game, too?

After four straight quarters of economic decline, we have now had two quarters of growth. Our fourth quarter growth was the fastest the American economy has had since 2003.

I'm not defending the bailouts. I'm saying I understand why both presidents supported them.

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Crosscheck
PostPosted: Fri Jan 29, 2010 4:39 pm 
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Godzilla1960 wrote:
Boogie-man?!?!

Have you seriously forgotten the mood of the country 15 months ago, Cross? We were on the verge of a full scale panic. The country took a pretty serious body blow WITH the stimulous packet(s). Are you going to tell me things would have been better without it. Or just more ideologically pure?

Mood?
Prove things would have gotten worse without TARP and the stimulus. You can't. And I don't like spending trillions of dollars on "mood".
Perhaps the recovery would have been even quicker if AIG and GM were allowed to fail.
Oh wait...We were told GM was given tax dollars to avoid bankruptcy altogether. So I guess the Federal smart guys got that wrong too.

Quote:
After four straight quarters of economic decline, we have now had two quarters of growth. Our fourth quarter growth was the fastest the American economy has had since 2003.

Awesome. I hope everyone is/was invested heavily in the stock market because we're staring at 10% unemployment for the foreseeable future.

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Godzilla1960
PostPosted: Fri Jan 29, 2010 4:44 pm 
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Crosscheck wrote:
Godzilla1960 wrote:
Quote:
After four straight quarters of economic decline, we have now had two quarters of growth. Our fourth quarter growth was the fastest the American economy has had since 2003.

Awesome. I hope everyone is/was invested heavily in the stock market because we're staring at 10% unemployment for the foreseeable future.

Damn, Obama! Hasn't fix all the country's problems in his first year.

Image



* This should make you happy, Cross:

G.M. has already paid back $1 billion of the $6.7 billion that the United States lent the company as part of its broader G.M. rescue effort that totaled about $50 billion and now the new chief executive of General Motors, Edward E. Whitacre Jr., has said GM will pay off its remaining debt by this June, five years early.


To Attract Shoppers, G.M. to Pay Debt to U.S.
http://www.nytimes.com/2010/01/26/business/26auto.html

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Crosscheck
PostPosted: Fri Jan 29, 2010 4:53 pm 
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Godzilla1960 wrote:
Damn, Obama! Hasn't fix all the country's problems in his first year.

He's been focused on healthcare and global warming when the people want him to focus on jobs.
We don't have healthcare reform, a climate bill or job creation. Of course it would be silly to expect him to solve so many problems, but I don't see that he has solid control of any of them much less solved any of them.

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Squanto
PostPosted: Fri Jan 29, 2010 4:56 pm 
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He can't do it all himself, and he shouldn't take all the blame for it either.


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Crosscheck
PostPosted: Fri Jan 29, 2010 4:58 pm 
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Godzilla1960 wrote:
* This should make you happy, Cross:

G.M. has already paid back $1 billion of the $6.7 billion that the United States lent the company as part of its broader G.M. rescue effort that totaled about $50 billion and now the new chief executive of General Motors, Edward E. Whitacre Jr., has said GM will pay off its remaining debt by this June, five years early.


To Attract Shoppers, G.M. to Pay Debt to U.S.
http://www.nytimes.com/2010/01/26/business/26auto.html

2 things wrong with this plan

1. If those shoppers don't come GM is back where we started before all this.
2.
Quote:
Then he wants G.M. quickly to arrange a public stock offering that would allow taxpayers to cash out their 60 percent ownership stake in the automaker.


Yeah...want to make a bet with me about whether the government relinquishes control when given the opportunity and urged to do so?

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Sabres2Sabres
PostPosted: Sat Jan 30, 2010 3:35 am 
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There's a lot of misinformation in this thread right now. I'm going to respond with a really long post - which I may not finish right now - but I will say Zilla hit the nail on the head with the first line of his first response - and that despite what the media will have you believe right now, the manned space program is far from dead.

Specifically what is wrong is Mike Griffin's quote - but I wouldn't expect anything less from that guy.

Just because Constellation is dead doesn't mean that our manned space program is - and furthermore, Constellation was all but dead for months now.


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Sabres2Sabres
PostPosted: Sat Jan 30, 2010 4:17 am 
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I have a lot to say but it's going to have to wait until the morning. However, take a look at this article. It's the most accurate and trustworthy info out right now.

http://www.nasaspaceflight.com/2010/01/ ... st-flight/


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Godzilla1960
PostPosted: Sat Jan 30, 2010 11:49 am 
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Crosscheck wrote:
Godzilla1960 wrote:
* This should make you happy, Cross:

G.M. has already paid back $1 billion of the $6.7 billion that the United States lent the company as part of its broader G.M. rescue effort that totaled about $50 billion and now the new chief executive of General Motors, Edward E. Whitacre Jr., has said GM will pay off its remaining debt by this June, five years early.


To Attract Shoppers, G.M. to Pay Debt to U.S.
http://www.nytimes.com/2010/01/26/business/26auto.html

2 things wrong with this plan

1. If those shoppers don't come GM is back where we started before all this.
2.
Quote:
Then he wants G.M. quickly to arrange a public stock offering that would allow taxpayers to cash out their 60 percent ownership stake in the automaker.


Yeah...want to make a bet with me about whether the government relinquishes control when given the opportunity and urged to do so?

Now who is playing the game of what if?

Crosscheck wrote:
Based on what? What *might* have been? The boogie-man?


The truth is, GM is paying back the loans and the U.S. economy has grown for two straight quarters, most recently at the fastest pace since 2003.

Do wish it were otherwise?

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Crosscheck
PostPosted: Sun Jan 31, 2010 11:20 am 
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Godzilla1960 wrote:
The truth is, GM is paying back the loans and the U.S. economy has grown for two straight quarters, most recently at the fastest pace since 2003.

Do wish it were otherwise?

Yes.
I wish the growth were real and sustainable.
I wish jobs were being created instead of temporary wall street wealth.

http://www.bloomberg.com/apps/news?pid= ... LMEUObhysc

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Bauter88
PostPosted: Sun Jan 31, 2010 12:11 pm 
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Crosscheck wrote:
Godzilla1960 wrote:
Crosscheck wrote:
Your president...

Unless you are revoking your citizenship, he is your president, too.


Fine, the President you put in office that prefers to give my money to wall street instead of NASA.

Yeah because NASA stimulates the economy. All the moon gold unharvested.. Such a shame. I can't understand republicans.

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Crosscheck
PostPosted: Sun Jan 31, 2010 12:19 pm 
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Bauter88 wrote:
Yeah because NASA stimulates the economy. All the moon gold unharvested.. Such a shame. I can't understand republicans.

Image
Yes, manned space flight is stupid. We should have never done it in the first place...look at all the money we flushed down the toilet over the years.

Have fun with that argument, You're alone.

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