Quote:
Originally Posted by Robbie
I'd say that if you look at the economy...the stimulus (both Bush and Obama) was a failure.
You're comparing apples and oranges in my opinion.
Taking private sector companies through structured bankruptcy is one thing (what Bain did).
Taking a couple of TRILLION dollars of federal money and handing it out is another (what the feds did).
And taking the auto bailout and the bank bailout (which both were stated beforehand were NOT going to be allowed to fail no matter how much money it cost) and lumping that in with stupid shit like Solyndra (financing a company) is not even close to being a fair assessment.
Number one: I could care less what Romney's company did with THEIR money.
The federal govt. used OUR money to pick winners and losers.
Number two: The banks and auto industries were pre-declared as too big to fail. Meaning, they were 100% going to be a "success" no matter what the cost. An infinite amount of capital was there for them.
Number three: Going by "track record" is fine if that's the way you want to do it.
You should really be looking at what Obama has done in his 4 years as President. That's pretty much the only real track record this inexperienced guy had.
And his inexperience was one of the reasons I voted for him in 2008. I didn't want another guy bowing down to special interests. I guess that didn't work out for me.  |
When I think of the economy I take a look around and see how things have improved. I mentioned that threat where I posted about the economy and my hometown earlier, but things have improved - We no longer have vacant houses in our area, and new businesses have opened up in the ones that have closed down.
At the same time you mention how the stimulus money was a waste but yet I am still in my house because of the "Making home affordable program" and I also have a $340mil freeway bypass that helped our area make money when things were bad, employing construction workers who were building the condos when they shut down, etc.
Then you talk about how you don't care what Romney did with investors money, you care about how the federal govenment picked winners and loosers with "our money". Well, Romney and Bain Captial had a 22% failure rate. Our government invested money into our future and had a much better success rate.
Do you really want someone like this playing with our tax dollars?