Government refuses TARP repayment

Some of you lefties try and argue again how Obama isn't a socialist.

Quote:Fast forward to today, and that same bank is begging to give the money back. The chairman offers to write a check, now, with interest. He's been sitting on the cash for months and has felt the dead hand of government threatening to run his business and dictate pay scales. He sees the writing on the wall and he wants out. But the Obama team says no, since unlike the smaller banks that gave their TARP money back, this bank is far more prominent. The bank has also been threatened with "adverse" consequences if its chairman persists. That's politics talking, not economics.

Let me guess. Comrad Obama will "ask" him to step down as well.

Give a bank money and you own them for life. Give a welfare mom money and you can't even get her to work.

There's got to be a law suit in this for the banks. How can a creditor refuse payment on a loan? Oh, wait, I see now, it's not a loan, it's the same thing the mafia does when a shoe store asks for a small loan - the small loan equals partnership and finally transfer of ownership and all the mafia's friends get free shoes until there's nothing left to bleed and the business dies.

Hmm. How about filing a Declaratory Judgment in the United States District Court for the District of Columbia to MAKE the government take the money back?

But I pity the Bank, the Law Firm, and the individual Lawyers working on the case, because the Messiah will make life for them a living hell.

"Think about it: If Rick Wagoner can be fired and compact cars can be mandated, why can't a bank with a vault full of TARP money be told where to lend? And since politics drives this administration, why can't special loans and terms be offered to favored constituents, favored industries, or even favored regions? Our prosperity has never been based on the political allocation of credit -- until now.

Which brings me to the Pay for Performance Act, just passed by the House. This is an outstanding example of class warfare. I'm an Englishman. We invented class warfare, and I know it when I see it. This legislation allows the administration to dictate pay for anyone working in any company that takes a dime of TARP money. This is a whip with which to thrash the unpopular bankers, a tool to advance the Obama administration's goal of controlling the financial system.

After 35 years in America, I never thought I would see this. I still can't quite believe we will sit by as this crisis is used to hand control of our economy over to government. But here we are, on the brink. Clearly, I have been naive."



Socialism: Change we can believe in....

(04-04-2009 09:40 PM)WMD Owl Wrote:  This legislation allows the administration to dictate pay for anyone working in any company that takes a dime of TARP money.

So at what point does every loan or mortgage come the stipulation that you sell your soul to the devil?

(04-04-2009 09:46 PM)smn1256 Wrote:  

(04-04-2009 09:40 PM)WMD Owl Wrote:  This legislation allows the administration to dictate pay for anyone working in any company that takes a dime of TARP money.

So at what point does every loan or mortgage come the stipulation that you sell your soul to the devil?

Its coming soon. I'd start reading the fine print. You don't know what they will slip in... something like as a condition of the loan you have to use certain "energy efficient appliances"... etc.

DeKalb County outside of Atlanta passed a law last year that every pre-existing house sold in the county has to be refit with the smaller water tank toilets and you have to have new "efficient" shower heads and water faucets, and a certificate to that effect has to be signed at closing.

Sounds like someone got a kickback from Home Depot or Lowe's

or.... there's a serious water problem and this will help to alleviate the problem.

(04-05-2009 09:05 AM)Machiavelli Wrote:  or.... there's a serious water problem and this will help to alleviate the problem.

This will probably do far more for Home Depot and Lowe's than it will to alleviate the problem.

The low flow toilet is another of those ideas, like inflating tires, that is good as far as it goes but doesn't go very far. It saves less than 2 gallons per flush. Assume you flush 6 times a day, that's about 10 gallons a day or 300 gallons per month. And that doesn't consider the nubmer of times that the low flow requires two flushes where the regular one gets it done in one. This approach is worse than inflating tires, because this one costs lots of money whereas air is quite cheap. It's one of those reasons why rich people are liberals--they can afford the cost easily, and it makes them think they are doing something good, without considering how hard the cost hits middle and lower class people.

If you're going to do something with toilets, I prefer what I've seen in Australia--the toilet is operated by pressing either of two buttons, one for low volume flushes, the other (or presing both simultaneously) for larger volume. One for #1, two for #2.

Low flow shower heads save up to 2-1/2 gallons per minute, which saves a lot more water for a lot less cost. That's worth doing.

If you really want to save water, you need to look elsewhere. The average home uses somewhere between 6,000 to 8,000 gallons/month for in-house purposes (I actually use a lot less, but that's because I know how to conserve water). Summertime usage runs 12,000 to 15,000 or more for those in the typical demographic of DeKalb Country. The difference is what gets put on yards. There's where water re-use has the potential to make a huge impact. Using treated effluent for outdoor watering (except food plants) has the potential to save major amounts of water. Even better, it saves most of that water in precisely those times when the pressure on water supplies is highest--hot summers, particularly during drought conditions. We need to be doing this on a national basis. Golf courses, parks, lawns--all should be watered with treated effluent.

This talk of toilets is facinating and all....but we're getting away from the topic at hand. That comrad Obama is refusing to let banks repay the TARP money because he wants government control of the financial sector.

I ask again...can any of you Obama lovers still argue the man isn't an outright socialist?

Tell that snot nosed punk you asked the American people if they wanted their money back and they said yes, they will accept the payment. Tell comrad DouChe' they said they didn't appriciate him giving our money out to begin with.

(04-04-2009 09:55 PM)WMD Owl Wrote:  

(04-04-2009 09:46 PM)smn1256 Wrote:  

(04-04-2009 09:40 PM)WMD Owl Wrote:  This legislation allows the administration to dictate pay for anyone working in any company that takes a dime of TARP money.

So at what point does every loan or mortgage come the stipulation that you sell your soul to the devil?

Its coming soon. I'd start reading the fine print. You don't know what they will slip in... something like as a condition of the loan you have to use certain "energy efficient appliances"... etc.

DeKalb County outside of Atlanta passed a law last year that every pre-existing house sold in the county has to be refit with the smaller water tank toilets and you have to have new "efficient" shower heads and water faucets, and a certificate to that effect has to be signed at closing.

Sounds like someone got a kickback from Home Depot or Lowe's

Hmm. It sounds like you didn't learn your lesson from your drought down there. Maybe it wasn't bad enough. How about next time using ALL the water so you don't have any more to use? THere is a reason these are being put into place and it isn't because Lowe's or Home Depot get a kickback. Maybe if you would stop and think(I know that is difficult for you) the answer is something other than government interference for the sake of interference or payoffs to corporations.

Btw, the Great Lakes states are going to make it as difficult as possible for OUR water to be shipped down to you.

(04-05-2009 09:05 AM)Machiavelli Wrote:  or.... there's a serious water problem and this will help to alleviate the problem.

You hit the nail on the head. THey had that horrible drought down there that nearly drained ALL of their fresh water source. It was so bad people were using buckets and barrels to catch rain water to use. People will never learn. I want mine and I can do what I want-screw everyone else.

(04-05-2009 03:28 PM)RobertN Wrote:  Btw, the Great Lakes states are going to make it as difficult as possible for OUR water to be shipped down to you.

OUR water? Aren't you the blankety blank blank who's always railing against everyone else claiming they are greedy? Thinking of no one but themselves? No concern for their fellow man? You fn' take the cake. Oops, you probable would.

(04-05-2009 03:31 PM)RobertN Wrote:  I want mine and I can do what I want-screw everyone else.

Thanks for another quick example.

(04-04-2009 09:34 PM)smn1256 Wrote:  Give a bank money and you own them for life. Give a welfare mom money and you can't even get her to work.

There's got to be a law suit in this for the banks. How can a creditor refuse payment on a loan? Oh, wait, I see now, it's not a loan, it's the same thing the mafia does when a shoe store asks for a small loan - the small loan equals partnership and finally transfer of ownership and all the mafia's friends get free shoes until there's nothing left to bleed and the business dies.

he did come out of the Chicago Political machine, founded by Al Capone.....just saying.

(04-05-2009 03:36 PM)Paul M Wrote:  

(04-05-2009 03:31 PM)RobertN Wrote:  I want mine and I can do what I want-screw everyone else.

Thanks for another quick example.

That was actually supposed to be said by you and your wingnuts not me. I probably wasn't clear enough. As for the water, I don't consider it greed. What I consider greedy is those in California, Arizona etc, who want to take the water of those that have it and screw who it affects.

(04-05-2009 04:09 PM)THE NC Herd Fan Wrote:  

(04-04-2009 09:34 PM)smn1256 Wrote:  Give a bank money and you own them for life. Give a welfare mom money and you can't even get her to work.

There's got to be a law suit in this for the banks. How can a creditor refuse payment on a loan? Oh, wait, I see now, it's not a loan, it's the same thing the mafia does when a shoe store asks for a small loan - the small loan equals partnership and finally transfer of ownership and all the mafia's friends get free shoes until there's nothing left to bleed and the business dies.

It looks pretty bad for the government to say, "Well, you accepted this money under certain terms but we have decided to change those terms and make them retroactive. As long as you have this money you have to follow the rules even if we change them every few days. That said, you cannot give us the money back and must still be subjected to a Congress full of jackasses who belong in a circus and our ability to govern out of public anger, anger that is fueled by a media that refuses to tell the factual story. A media that just makes things worse for everyone by not stating the whole factual story and instead spins the story to their liking. If Congress wasnt full of idiots then they would know better than to listen to the erroneous media reports and would instead seek out factual information and govern off of that. Since we have your attention we would like to announce that we will now dictate the compensation for all of your employees and we will continue to give ourselves raises every year. Hey, that 5% dividend you are paying on that TARP money funded Congress' raises and bonuses this year and will help pay for pet projects like marsh mice in San Francisco. All that said, you will follow our rules as long as you have the money and rule #1 is that you cant give the money back."

(04-05-2009 05:39 PM)RobertN Wrote:  

(04-05-2009 03:36 PM)Paul M Wrote:  

(04-05-2009 03:31 PM)RobertN Wrote:  I want mine and I can do what I want-screw everyone else.

Thanks for another quick example.

That was actually supposed to be said by you and your wingnuts not me. I probably wasn't clear enough. As for the water, I don't consider it greed. What I consider greedy is those in California, Arizona etc, who want to take the water of those that have it and screw who it affects.

Rob, you're right. The people in California and Arizona made irresponsibly poor planning decisions in regards to water. But let expand your idea a little and compare the two sentences below:

Your position: It's greedy to take water from some one who has it because it screws who it affects. Essentially people should be held accountable for their poor decision making regarding their water.

My position: It's greedy to take money from someone who has it because it screws who it affects. People should be held accountable for their poor decision making regarding their money.

Your argument about taking water from those who have it can be tied back to everyone who pays taxes to support welfare mothers, or don't you see that?

BTW, by way of our taxes we GIVE money to welfare mothers. OTOH, the agencies that supply California's residents are paid for selling us that water and I only pay for what I consume. I can somewhat control my water bill but I can't control how much of my taxes go to lazy ass bums.

(04-05-2009 05:39 PM)RobertN Wrote:  

(04-05-2009 03:36 PM)Paul M Wrote:  

(04-05-2009 03:31 PM)RobertN Wrote:  I want mine and I can do what I want-screw everyone else.

Thanks for another quick example.

That was actually supposed to be said by you and your wingnuts not me. I probably wasn't clear enough. As for the water, I don't consider it greed. What I consider greedy is those in California, Arizona etc, who want to take the water of those that have it and screw who it affects.

Your really not that slow are you? My post 13 was a continuation of my post 12. You read both. Let me put them together for you slow poke.

Quote:OUR water? Aren't you the blankety blank blank who's always railing against everyone else claiming they are greedy? Thinking of no one but themselves? No concern for their fellow man? I want mine and I can do what I want-screw everyone else.

Context. It's all in the context, Dim. I said thanks for another example.

And what you don't consider greed,... well, that is greedy, Bug. Water doesn't belong to you. It's a natural resource. You don't wont to share what your area has an over abundance in? GREED. How is another state BUYING it greed? Other states sell your state what you don't have. Grow up little boy.