- Oct 4, 2010
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Hi albion,
Thanks for your reply:
... and out of that sentence you gleaned that this was some claim that I was making that President Obama had done some wonderful thing for GM. Well, I suppose since GM was one of the recipients of the TARP funding, that's true. However, they were only one of hundreds and I certainly didn't make that comment to intend that GM was somehow receiving some 'wonderful' benefit from the program.
The TARP stimulus under the Obama administration, was a much better stimulus package than the Trump administration has put together. Trump's stimulus package (the first one) carried with it a cost of some $2T. The Obama stimulus package totaled out at about $900B and about half of all that money was recovered through the selling of the warrants obtained when the money was given to corporations. So ultimately the Obama stimulus cost the country about $500B. Trump's stimulus has so far cost us $2T and the legislature is talking about giving more, but that's not a sure thing yet. However none of that $2T is coming back to the treasury. Further, a lot of people received the Trump stimulus that didn't need it.
I'm retired. My income stays the same no matter whether businesses are temporarily shut down or not. My investment income might suffer, but I'm patient and I know it will come back just like it did after the last crisis. My son has a good job and didn't lose an hour of work through all of this. In fact, financially he's doing better than he was because he's been given a work from home order. He doesn't use gas driving to and from the office and he doesn't eat out every day with all the guys in his office. He doesn't need a babysitter for his 8 month old. Yet, he got a $600.00 stimulus check. Why? I got a $1,200 stimulus check. Why?
Had Trump done what needed to be done, which is what China did, to fight the Covid-19 virus, we'd have been done and over with this disastrous pandemic quite awhile ago. Do you even realize that China, the place where it all started, took very, very drastic measures and so far their total death tally, with a population that is four times ours, is right now at just over 4,600 deaths. They locked down severely and put in place very, very strict mask requirements and broke the transmission pattern. Had we done that, we would have had one short period of a very hard lockdown, for which a stimulus package would have been needed, but then we would have been through it with everyone wearing masks still today.
Japan, with a population total one third of ours, has only had 1,900+ deaths. Asian nations took this pandemic very, very seriously. They had been through it before and they knew the best way to handle it. Trump was dumb enough to fire anyone, or ignore anyone, that didn't agree with him.
Trump never had the wisdom to understand what this pandemic was really all about. Which is stopping people from breathing on one another. And now we are seeing just exactly what a pouting, sulking 'leader' Trump is. He's just decided to let the nation go to hell and he's going golfing. He has even said that he wants to make it as difficult as he can for the incoming Biden administration. See ya!!!!!
So, believe what you will, but I'm confident that President Obama was much wiser in dealing with his particular crisis than Trump was in dealing with his. President Obama put together a team of financial experts and listened to their advice. Trump doesn't do that about anything, unless of course the advice he's given is in agreement with what he already believes in his gut is the truth, because he thinks of himself as being a very, very smart person. He isn't! He is majorly unwise.
China, Japan and myself, have always known that the key to attacking this pandemic is to stop people from breathing directly on one another. Trump still hasn't figured that out and hundreds of thousands of people are dying needlessly because of his stupidity and bull headedness.
And yet, through all of his failures and all of his lying and so many of our nation dying needlessly...some think he's God's second son.
God bless,
ted
Thanks for your reply:
I am wise enough that I can still appreciate the work that President Obama and his administration did to bring us back from that precipice edge.
... and out of that sentence you gleaned that this was some claim that I was making that President Obama had done some wonderful thing for GM. Well, I suppose since GM was one of the recipients of the TARP funding, that's true. However, they were only one of hundreds and I certainly didn't make that comment to intend that GM was somehow receiving some 'wonderful' benefit from the program.
The TARP stimulus under the Obama administration, was a much better stimulus package than the Trump administration has put together. Trump's stimulus package (the first one) carried with it a cost of some $2T. The Obama stimulus package totaled out at about $900B and about half of all that money was recovered through the selling of the warrants obtained when the money was given to corporations. So ultimately the Obama stimulus cost the country about $500B. Trump's stimulus has so far cost us $2T and the legislature is talking about giving more, but that's not a sure thing yet. However none of that $2T is coming back to the treasury. Further, a lot of people received the Trump stimulus that didn't need it.
I'm retired. My income stays the same no matter whether businesses are temporarily shut down or not. My investment income might suffer, but I'm patient and I know it will come back just like it did after the last crisis. My son has a good job and didn't lose an hour of work through all of this. In fact, financially he's doing better than he was because he's been given a work from home order. He doesn't use gas driving to and from the office and he doesn't eat out every day with all the guys in his office. He doesn't need a babysitter for his 8 month old. Yet, he got a $600.00 stimulus check. Why? I got a $1,200 stimulus check. Why?
Had Trump done what needed to be done, which is what China did, to fight the Covid-19 virus, we'd have been done and over with this disastrous pandemic quite awhile ago. Do you even realize that China, the place where it all started, took very, very drastic measures and so far their total death tally, with a population that is four times ours, is right now at just over 4,600 deaths. They locked down severely and put in place very, very strict mask requirements and broke the transmission pattern. Had we done that, we would have had one short period of a very hard lockdown, for which a stimulus package would have been needed, but then we would have been through it with everyone wearing masks still today.
Japan, with a population total one third of ours, has only had 1,900+ deaths. Asian nations took this pandemic very, very seriously. They had been through it before and they knew the best way to handle it. Trump was dumb enough to fire anyone, or ignore anyone, that didn't agree with him.
Trump never had the wisdom to understand what this pandemic was really all about. Which is stopping people from breathing on one another. And now we are seeing just exactly what a pouting, sulking 'leader' Trump is. He's just decided to let the nation go to hell and he's going golfing. He has even said that he wants to make it as difficult as he can for the incoming Biden administration. See ya!!!!!
So, believe what you will, but I'm confident that President Obama was much wiser in dealing with his particular crisis than Trump was in dealing with his. President Obama put together a team of financial experts and listened to their advice. Trump doesn't do that about anything, unless of course the advice he's given is in agreement with what he already believes in his gut is the truth, because he thinks of himself as being a very, very smart person. He isn't! He is majorly unwise.
China, Japan and myself, have always known that the key to attacking this pandemic is to stop people from breathing directly on one another. Trump still hasn't figured that out and hundreds of thousands of people are dying needlessly because of his stupidity and bull headedness.
And yet, through all of his failures and all of his lying and so many of our nation dying needlessly...some think he's God's second son.
God bless,
ted
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