Well, that certainly summarizes your cartoonish view of business. Then again, isn't that EXACTLY the business model of your and Obama's beloved "green" industries.
In April 2007, he delivered an upbeat assessment of the economy, saying growth was healthy and the housing market was nearing a turnaround. "All the signs I look at" show "the housing market is at or near the bottom," Paulson said in a speech to a business group in New York. The U.S. economy is "very healthy" and "robust," Paulson said.[22] In August 2007, Secretary Paulson explained that U.S. subprime mortgage fallout remained largely contained due to the strongest global economy in decades.[23] In May 2008, The Wall Street Journal wrote that Paulson said U.S. financial markets are emerging from the credit crunch that many economists believe has pushed the country to the brink of recession. "I do believe that the worst is likely to be behind us," Paulson told the newspaper in an interview.[24] On July 20, 2008, after the failure of Indymac Bank, Paulson reassured the public by saying, “it's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.”[25] On August 10, 2008, Secretary Paulson told NBC’s Meet the Press that he had no plans to inject any capital into Fannie Mae or Freddie Mac.[26] On September 7, 2008, both Fannie Mae and Freddie Mac went into conservatorship.[27]
I just couldn't decide which of those quotes cast him in the worst light. What do you think?
Bailing out his Wall Street buds - the very essence of crony capitalism. The lesson that Mommy would make it alllllllll betttttterrrrrrr.
Like I said, a much better lesson could've been learned.
Was that a joke, or are you really unable to count?
Ah, I just read panel six as being an extension of five...numerous benefits such as stocks and other perks being a part of a high salary...my mistake:)
juris, Obviously, we can't go back in time and have a re-do but I think you're being pretty cavalier in the face of the problem they were faced with at the time. What would you have done? And what do you think would have happened?
M do us both a favor. Stop quoting Republicans expecting me to agree with them. There are times I will agree with a Republican, just as there are times I will agree with a Democrat - but all of those tend to be very issue specific (and often the person I am agreeing with is out of synch with their respective party).
No doubt it would have been a painful lesson to learn, since LTCM Mommy-govt has shown little compunction about bailing out her favorites. The wailing and gnashing of teeth and the "you don't love me as much as the others" is going to be annoying beyond belief (though I imagine if the asshole doing it was properly subjected to the deserved public humiliation it would cease quickly). Here's the thing - the lesson I'm talking about is going to happen eventually, and the longer it is delayed the more painful it will be.
14 comments:
Well, that certainly summarizes your cartoonish view of business. Then again, isn't that EXACTLY the business model of your and Obama's beloved "green" industries.
Yay! A cartoon!
The unfortunate part is that the cartoon left out the Mommy-Congress response of "here dear is $500 - you are too big/important/annoying to fail".
Here ends the lesson.
What do you think would've happened if Mommy didn't give the financial sector money?
What do you think would've happened if Mommy didn't give the financial sector money?
A different lesson would have been learned.
I bet his mind skipped right over panel six too.
A different lesson would have been learned.
So, you disagree with Secretary Paulson's assessment that the world economy would have collapsed?
I bet his mind skipped right over panel six too.
You mean the rip about excessive CEO pay? No, I got it, GD:)
So, you disagree with Secretary Paulson's assessment that the world economy would have collapsed?
Paulson, hmmm the former head of Goldman-Sachs...
In April 2007, he delivered an upbeat assessment of the economy, saying growth was healthy and the housing market was nearing a turnaround. "All the signs I look at" show "the housing market is at or near the bottom," Paulson said in a speech to a business group in New York. The U.S. economy is "very healthy" and "robust," Paulson said.[22]
In August 2007, Secretary Paulson explained that U.S. subprime mortgage fallout remained largely contained due to the strongest global economy in decades.[23]
In May 2008, The Wall Street Journal wrote that Paulson said U.S. financial markets are emerging from the credit crunch that many economists believe has pushed the country to the brink of recession. "I do believe that the worst is likely to be behind us," Paulson told the newspaper in an interview.[24]
On July 20, 2008, after the failure of Indymac Bank, Paulson reassured the public by saying, “it's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.”[25]
On August 10, 2008, Secretary Paulson told NBC’s Meet the Press that he had no plans to inject any capital into Fannie Mae or Freddie Mac.[26] On September 7, 2008, both Fannie Mae and Freddie Mac went into conservatorship.[27]
I just couldn't decide which of those quotes cast him in the worst light. What do you think?
Bailing out his Wall Street buds - the very essence of crony capitalism. The lesson that Mommy would make it alllllllll betttttterrrrrrr.
Like I said, a much better lesson could've been learned.
Seriously? Why the fuck do you throw dumb fucking ass Republicans at me like I'm supposed to believe the bullshit they peddle?
Was that a joke, or are you really unable to count?
Mark is nothing if not innumerate, GuardDuck.
Was that a joke, or are you really unable to count?
Ah, I just read panel six as being an extension of five...numerous benefits such as stocks and other perks being a part of a high salary...my mistake:)
juris, Obviously, we can't go back in time and have a re-do but I think you're being pretty cavalier in the face of the problem they were faced with at the time. What would you have done? And what do you think would have happened?
M do us both a favor. Stop quoting Republicans expecting me to agree with them. There are times I will agree with a Republican, just as there are times I will agree with a Democrat - but all of those tend to be very issue specific (and often the person I am agreeing with is out of synch with their respective party).
No doubt it would have been a painful lesson to learn, since LTCM Mommy-govt has shown little compunction about bailing out her favorites. The wailing and gnashing of teeth and the "you don't love me as much as the others" is going to be annoying beyond belief (though I imagine if the asshole doing it was properly subjected to the deserved public humiliation it would cease quickly). Here's the thing - the lesson I'm talking about is going to happen eventually, and the longer it is delayed the more painful it will be.
This strip seems to illustrate Amtrak's business model quite well. Certainly it was Solyndra's and and several other wonderful new solar companies.
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