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Why USA must listen
Published on April 17, 2009 By Bahu Virupaksha In Politics

The recent speech by the President of the USA, Barack Obama, at George Town University has rightly been billed as a "major speech". Without the economy in this state of utter chaos it is quite conceivable that Obama would not have made iot ti the White House and he has the mandate to take stringent steps to kick start the economy. He has stresswed that the regulatory framework had not quite done its job and hence the very institutions that shouls have prevented the sub-prime crisis started behaving as if they could undeerwrite derivative instruments that were worthless as Obama rightly pointed out. The unregulated capitalism of Wall Street has caused greatr pain in Main Street USA and Obama has indicated that there will be no return to the bad days of unregulated autonomy of the financial institutions. The sub-prime crisis that hit the housing market is dragging the whole US economy down annd with it the economy of the rest of the world.

The President has touched the right bases when he repeatedly said that he hears the voices of the people asking for a bailout. Now, Obama, risks being labelled a "tax and spend" liberal if he directly addresses the problem and hence he is being cautious. He has empahsised the fact that the best and the brightest must be involved in making things rather than manage "paper work". His call for an educational reform at the School and university levels will be keenly watched.

What is so charming about the new president is that within 100 days he not only identified the major problems facing the economy but he is in the thick of battle with his shirt sleeves rolled. The measures Obama takes will.be emulated all over the world and hence it is in our collective interest that USA must allow the President to succeed.


Comments (Page 1)
on Apr 17, 2009

Well... to be delicate as I can be about it: What a crock of insufficiently educated horse shit.

on Apr 17, 2009

What a crock of insufficiently educated horse shit.

Are you sure?

on Apr 17, 2009

You are really uninformed. 

 

on Apr 17, 2009

What is so charming about the new president is that within 100 days he not only identified the major problems facing the economy but he is in the thick of battle with his shirt sleeves rolled

Not only in his first almost 100 days has Obama repeated many of things Bush was criticized for, but he has also broken promiss after promiss and has made very poor choices in people who are part of his administration and represent him with every speech they make. Charming is a characteristic someone from American Idol can benefit from. President Obama's job is that of the highest Administrative position in this country. When you can show me a manager, supervisor or administrator that is charming and gets the work done, then I'll take this characteristic into consideration.

on Apr 17, 2009

The unregulated capitalism of Wall Street has caused greatr pain in Main Street USA and Obama has indicated that there will be no return to the bad days of unregulated autonomy of the financial institutions. The sub-prime crisis that hit the housing market is dragging the whole US economy down annd with it the economy of the rest of the world.

Bahu, Can you name me ONE industry that is unregulated? 

Can you tell me how sub-prime lending came into existence without the Gov't regulation to do so?  Especially when considering Country wide, Fannie May and Freddie Mac?

My friend if you study you'll see that it is Gov't regulations that actually catered to this crisis than to prevent. 

Whether you consider the two major industries in shambles right now.  Auto and lending.

on Apr 17, 2009

The measures Obama takes will.be emulated all over the world and hence it is in our collective interest that USA must allow the President to succeed.

Bahu, where are you getting this notion?  China, Russia, Europe, and many others are telling us NOT to be doing what we are.  I don't know where you get your news but it doesn't even agree with the BBC or other international reporting sources.

I suppose you think everyone thought Obama rocked the G20 too?

on Apr 17, 2009

The measures Obama takes will.be emulated all over the world and hence it is in our collective interest that USA must allow the President to succeed

Succeed in what? Funding every liberal Democrat (and some Republican) pet pork project? Are we supposed to be grateful for the middle class tax break (crumbs) for 95% of Americans, he so likes to talk about? That works out to 1.444% of the taxes I paid last year. No where near the rising cost of living. I'm sure some folks will benefit more than others, like the folks at Fanny and Freddie with their big bonuses, why should they suffer they only got us into this mess. Their are a few more, but you get my point. If it puts a smile on your face watching him turn each of your dollars into a penny, I'm happy for you. I'm not going to be be one of the remarkably large crowd of people that clap and cheer this guy on, while he and congress are dividing up your tax dollars for the good of their own agenda.

Did you every think his sleeves are rolled up to get into your pock more easily?

on Apr 17, 2009

what a crock of shit.. the regulatory agencies didn't do their job? he was right there when the regulatory agencies decided they should do their job wrong to give housing to those who can't afford it. he built his career destroying the economy, and now he is raping its corpse by passing every pork barrel project ever.

watch this: http://www.youtube.com/watch?v=_MGT_cSi7Rs

then this: http://www.youtube.com/watch?v=ivmL-lXNy64

And then reconsider obama laying the blame on "deregulation".

on Apr 17, 2009

China, Russia, Europe, and many others are telling us NOT to be doing what we are.

I'll try to be tactful...

I think it is about time the US should listen to Europe.

Obama seems like a loose cannon compared with European governments.

 

on Apr 17, 2009

obama himself said we should respect and listen to europe... of course saying and DOING are two different things.

It is extremely ironic that china and russia are advising us to be less socialist and more capitalistic.

on Apr 17, 2009

It is extremely ironic that china and russia are advising us to be less socialist and more capitalistic.

 

I know, that is really ironic. I couldn't help but just start laughing when I heard that.

 

Btw, not to be an Obama ass kisser as Charles claimed I was, but I was browsing Politifact, and found that according to them - of the promises Obama made (or at least the ones they're keeping track of) - he's only broken 6. Does anyone have another source to support this? As far as I know politifact is a good place to go.

 

~Alderic

on Apr 17, 2009

he's only broken 6

So 6 is no big deal? And here I thought Obama was to bring change to our Gov't. I continue to be amazed as to how people will give Obama a pass at anything. BTW, when someone says "not to be" that usually means they are. Just like when someone says "I don't mean to insult but", but that is exactly what they are doing and that is why they said that. You can't say something insulting and claim not to be insulting just like you cant say something to kiss Obama's but and claim not to be kissing it.

on Apr 17, 2009

So 6 is no big deal? And here I thought Obama was to bring change to our Gov't. I continue to be amazed as to how people will give Obama a pass at anything. BTW, when someone says "not to be" that usually means they are. Just like when someone says "I don't mean to insult but", but that is exactly what they are doing and that is why they said that. You can't say something insulting and claim not to be insulting just like you cant say something to kiss Obama's but and claim not to be kissing it.

 

Dude, if you don't like me calling things as I see them, then grow a thicker skin. If someone is going to be an ass, or a smart ass, or a jerk - then i will call them on it.  

Besides, I was asking if it was true, because I found it interesting. Pleae, next time, take the entire thing into context, not just what you want to.Btw, you have a PM.

~Alderic

on Apr 17, 2009

Dude, if you don't like me calling things as I see them, then grow a thicker skin. If someone is going to be an ass, or a smart ass, or a jerk - then i will call them on it.

I'm a firm believer in your right to express yourself as you see fit, but I also a believe that every action has a reaction and that one should not expect others to stay quiet when ones words were meant to push back.

Besides, I was asking if it was true, because I found it interesting. Pleae, next time, take the entire thing into context, not just what you want to.Btw, you have a PM.

Maybe instead of posting something that came off as a "defense in question" of Obama, perhaps you could have stated something along the lines of "That was wrong of him". This is the reason there are so many argumemts, not debates, about Obama and the way he is doing things. because those who defend him will not except he has made a mistake, an error, a bad choice or move and instead fight back with "but Bush" or "give me a break" or "he didn't do that". Bush was bashed for 8 years for everything from mispelled words on boards he did not make, to his reaction to any kind of news, to his foul-ups when he spoke, to things that at first were said would never work but in the end it did and was still insulted by it. Now Obama is in his seat and everyone expects up to simply believe just because we should and not question anything he does just because it's only been a few months.

I'm sorry dude, but I would never wait till something bad actually happens before I point out that I though something was wrong.

on Apr 17, 2009

It is extremely ironic that china and russia are advising us to be less socialist and more capitalistic.

You know you're in trouble when China thinks your getting too socialist.  

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