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Old 12-10-2009, 05:05 PM
Excaliber Excaliber is offline
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Not that naming "one" thing will make any difference to those that will not see, but, I shall attempt to answer the question.

When Obama came to office he IMMEDIATLY took action, talk about hit the ground running. The swiftness with which he took control of a very bad situation was stunning to virtually everybody. And a serious rebuke to Clinton, in my opinion, that his lack of leadership skills would cause a long delay in taking action. She and many other's were dead wrong! So WHAT did he do, immediately?

With the subprime lending mess in full "boom", the unprecedented financial crisis was causing unprecedented economic failure through out the WORLD! Obama's response was: the Recovery Act, the bank capitalization program, the housing plan, the strengthening of the non-bank credit market and the auto plan among other things. Bold and controversial moves. It's easy to arm chair quarter back those decisions, then and now.

Fact is, many of the banks are now scrambling to pay back those loans. The auto market, rather than dieing, appears to be on an upswing. The credit market is stabilizing. We ARE in a deep hole, it WILL take time, but I think were on the right track. Time will tell...
The same questions were asked concerning Reagan's response as well, no way the POTUS can win full support during a crisis this deep, then or now.

Toad, good to see you "out of your hole". Palin? To late for her, 90% of American citizens believe it, thank you Tina! I like her latest quote (Palin, not Tina) concerning her book tour. "The view is SO much better from inside the bus than from under it."

Last edited by Excaliber; 12-10-2009 at 05:11 PM..
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