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Why can't Obama's social bailout plans work as good as Bush's bank bailout plans?
http://news.yahoo.com/s/ap/20090717/ap_on_bi_ge/us...
Bush was a genious with business, the banks are coming to life thanks to Bush.
But Obama is a total failure, his "stimulus" bailout has been a complete failure, fact.
So Democrats, do you still think Bush is stupid? Do you still think Obama is great, after Bushs plans worked and Obama's didn't?
26 Answers
- GusLv 61 decade agoFavorite Answer
Bush's plan was designed to let the people spend the money. Saving the banks means saving the means to lend money to promote business development.
Obama's plan is designed to let the goverment spend the money. Goverment spends money on what buys them votes so it always goes to those sucking at the public teat. These are the unproductive members of society who do not create jobs. The more productive members of society are pulling back because they see Obama coming after them with higher taxes that cripple job production.
The only jobs Obama is creating are goverment jobs which is paid for by more taxes. Just how high should our taxes be? Whatch for business men to begin reloacting out of New York the same way they are leaving California.
- wyldfyrLv 71 decade ago
The same guy that drove three large corporations into bankruptcy before he became President and bankrupted the whole country was a genious (sic) with business? Now I know you're a liberal troll pointing out how delusional the Republican point of view is.
I guess if you consider the banks giving huge bonuses to top management a success, then I guess Bush's bailout plans a success. The original intent of TARP was for the banks to make more credit available. By that criteria Bush's bank bailout plans were another abysmal failure.
- Anonymous1 decade ago
Spending even more money on a stupid idea, is just that many times more stupid. Hoover's failed policies were made even larger failed policies by FDR and extended the Great Depression the same as they are extending this one. One inspector general estimates the total cost of the financial industry bailout can be as much as 27 TRILLION, and that is all borrowed or printed money, we are bankrupt. We have the same crooks still in charge of the economy, the only "change" is what we will be begging for with a tin cup, all these foreign trips by Uhbama have been unsuccessful attempts to peddle more debt to pay for all his schemes.
Source(s): Doing the same thing over and over and expecting different results is the definition of insanity. - BillLv 71 decade ago
Bush bailed out banks that didn't need it,so what worked? Obama gave a lot of money away to other countries, his plan worked, it made us broke and put us deeper in debt. they both work for the same ppl. stop thinking that either one is there to help, they are not. Bush and Obama are puppets nothing more.
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- Jack PLv 51 decade ago
1. How many billions have we lost so far on Citi and AIG stock so far?
2. How hard is it for a bank to make money if they can borrow from the federal reserve at 0% interest and loan it out at 5%?
3. The toxic mortgage-backed securities are still sittling on the bank's books. They haven't written them off yet
4. Economics stimulus tools take 6-18 months to take effect.
5. All the leading indicators are starting to point in a good direction. Looking a single trailing indicator and pronouncing the failure of the economic stimulus is counter-productive
- KJLv 51 decade ago
It is an interesting point. President Bush gave us a $600 Stimulus check... when I filed my taxes I realized he just gave us an advance on our taxes. President Obama just wants to print money without repercussions. However, the complex economic factors do not allow that to happen without consequences.
Audit the Federal Reserve!!! NOW.
- 1 decade ago
The Bank of America earn 2.4 Billion above expected estimates yet from your source it says:
"The bank has received $45 billion in bailout funds as part of the Treasury Departments $700 billion financial rescue package. It's not known when it will repay the government."
- 1 decade ago
You're in more dire need of a good lay than any other white woman in history, fact.
Asshole conservatives with no knowledge of anything who still have an opinion can shampoo my crotch, fact.
Bush is incapable of taking a crap without an instruction booklet including pop-up illustrations, fact.
You have no earthly idea what you're talking about and would sound more intelligent if farts were to come out of your mouth, fact.
Everyone who replies to your posts either thinks you're a troll or a retard, fact.
Obama is more loved, more accepted, more accomplished and will be more revered than Bush, a man so blatantly retarded he couldn't even eat a pretzel without nearly ending his life, fact.
You need a vibrator and a better hobby, fact.
- The PatriotLv 56 years ago
Exactly, Obama has to be accountable, Bush didn't, look at the Iraq debacle.
- HerbLv 51 decade ago
Herb, Bush did not have any Social Bailouts. The only bailouts that Bush had were to the millionaires who supported him.
- smsmith500Lv 71 decade ago
Too much pork in Obama's bill. Oh and to those who think Bush "allowed" the Economy to collapse, I recall it didn't start to fall until we got a Democratic congress in 2006.