So how well has Obama's trickle-down, bail-out-Wall Street strategy worked?

[brentspeak]

???

[Skittles]

1. I wouldn't put him in Reagan status yet

but I'm not happy with him

[truedelphi]

2. Wall Street is Happy Happy and Happy

And now that the Great Big Hope has even expanded the Afghanistan war, the MIC is Happy Happy Happy too. That ensures that the M$M will be Happy Happy Happy with Obama as well.

The only people who are not happy are those who do not count.

[MannyGoldstein]

3. Epic Fail

We are pwned.

[katandmoon]

4. Great big bonuses on Wall Street are BACK!

[phleshdef]

5. TARP was never an "Obama strategy" and never one with the intent of trickling down wealth.

Of course you know all of this, but I'm sure you will pretend you don't so you can continue to advance your factless left bagger agenda... or maybe you will throw some more Glen Beck-like conspiracy theories out there instead, I'm sure it will be 1 of the only 2 posting related things you are good at.

[brentspeak]

9. Who was this on the Senate floor, delivering an impassioned speech in favor of passing TARP?

http://metavid.org/wiki/Stream:Senate_proceeding_10-01-08_00/2:38:38/2:53:07

[phleshdef]

24. Yea most of the senate supported it, it was necessary.

It still isn't an "Obama strategy". Try actually responding with something relevant next time.

[Kahuna]

6. The financial markets and investments by everyday citizens have

been stabilized. That's how it's going. Would you have prefered a great depression?

[phleshdef]

7. Yea, the economy didn't fall apart. But the OP believes it wouldn't have without it...

...because they don't know a damn thing about the subject matter.

[Kahuna]

8. I think some people were really looking forward to a collapse of our

economy. Because, that's exactly what would have happened if the banks and financial markets had not been stabilized.

[msallied]

10. TARP sucks

It was the methadone option for an economy and government addicted to the heroin of greed and corruption. Sadly, they're all still on the smack, but we could have died going cold turkey. Who knows what's going to be the next step from here... I'm glad the economy didn't crumble at our feet. I can't imagine what world we'd be living in now if it had.

[brentspeak]

12. What did Obama do to "stablize" the financial markets and investments by "ordinary citizens?"

[jpak]

11. The Congressional Oversight Panel reported that TARP saved the US financial system from collapse

and the CBO reported that the Stimulus Bill created or saved 0.6-1.6 million jobs.

and the Labor Dept. reported net job creation in November 2009 - for the first time in 2 years

and new unemployment claims are declining

and manufacturing is increasing

and the Stimulus Bill took GDP from tanking at -6.4% when Obama to office to growing at +2.2% in the 3rd Quarter of 2009

and Obama's extension of unemployment benefits kept millions of Americans from the wolf.

and the Heritage Foundation admitted that if it were not for Stimulus Bill, the economy would still be contracting.

So yeah - Obama's economic policies saved us from a Great Depression and turned the economy around.

[brentspeak]

13. "Turned the economy around"...except that 85,000 jobs were erased in December

Other than, everything is OK.

[boppers]

14. Jobless claims dropping is a bad thing?

Was Obama supposed to wave a wand and undo everything that's happened in the last 30 years?

[brentspeak]

15. Jobless claims declining an accounting trick

Which apparently has to be repeated over-and-over-and-over again.

http://www.mercurynews.com/breaking-news/ci_14152018

Another grim U.S. jobs report — 85,000 lost in December

By Patrick May

[e-mail]
Posted: 01/08/2010 05:46:51 PM PST
Updated: 01/08/2010 05:46:52 PM PST

The Labor Department reported a net loss of 85,000 jobs in December, a month that most economists had figured would be a job-generator. The unemployment rate stayed steady at 10 percent, but analysts quickly pointed out that was a bit misleading since 661,000 job-seekers simply stopped seeking jobs, mucking up an already ambiguous picture of the job market.

Obama was supposed to spearhead the U.S.' into green-industry technology dominance. He's done absolutely nothing on that front while China has been taking advantage of Obama's sucking up to the health insurance and Big Pharma companies.

[boppers]

16. So, what *isn't* a trick, then?

What could you see as proof that TARP worked, and was a good thing?

If there isn't anything, then the OP is pointless, because it's simply a believer's perspective, out proselytizing, not a rational discussion.

[brentspeak]

18. Stop. Rewind. Go back to what you said about "jobless claims dropping"

Don't change the subject or attempt to obfuscate; admit that what you wrote was wrong or attempt to back your statement up.

[boppers]

20. Oh, you want to focus on new jobless claims?

Okay, they're dropping, and have been dropping for the last 6 months.
http://www.nytimes.com/2010/01/01/business/economy/01econ.html

You think its a "trick". You don't like the numbers.

Fine. So I asked you for a number or measurement you would accept.

[boppers]

22. "He's done absolutely nothing on that front"...

One way I keep from becoming a liar is to not speak in exaggerated absolutes.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=433x116218

[benld74]

17. READ this months Mother Jones - To find out WHY, and WHAT happens in the Background-ITS Not OBAMA

[xchrom]

19. We get the political leaders we desrve?

As long as the vast majority of Americans
believe that diminishing their well being
in favor of the few -- and in 2010 that's going to
work out beautifully for the few-- then things
are working out great.

[Kltpzyxm]

21. stand under a wall ts builidng

and i am sure they will be happy to trickle down on any one of our faces.

[Autumn]

23. It's worked out very, very well

for Wall Street. Does anything else matter?

[Hippo_Tron]

25. Do you have money in a bank or do you keep it in a shoebox under your bed?

Because if it's the former (like most sane people) TARP is the reason you can go to the ATM and get money. Bank runs would've been a disaster for everybody.