Comments on: The Politics Of TARP Funds

By: frank

frank — Sun, 29 Mar 2009 18:06:42 +0000

Mr. King,
The main thing that needs to be done to get this country to function properly is to take money out of politics.

By: Da King

Da King — Wed, 25 Mar 2009 11:45:13 +0000

frank,
Absolutely. Look at the subprime crisis. Subprimes were legislated into existence in 1980 when the federal government repealed state usury laws (the Monetary Control Act). Before that, subprime mortgages were illegal. You know that was driven by both politics and big money interests, as was all the other legislation that resulted in this financial meltdown.

Our political system has turned into a game of 'reward your constituencies.' Both parties. The taxpayer bears the ever increasing burden. I don't think America can function like this much longer. We've gone from the biggest lender nation to the biggest borrower nation, with no end in sight.

By: frank

frank — Tue, 24 Mar 2009 19:14:55 +0000

Mr. King,
The truly tragic thing is that these things are all legal. Our campaign financing practically mandates that candidates remain beholden to the moneyed class. It is how this worthless paper was created, and it guarantees that the underlining causes will not be addressed, let alone remedied.

By: Da King

Da King — Tue, 24 Mar 2009 17:27:54 +0000

Yes, Rev, campaign financing is legal. So were credit default swaps and subprime mortgages. By your measure, I guess those things aren't a problem either.

And why are you defending Obama here ? I barely mentioned him in this post, and most of the TARP funds were disbursed by the Bush administration.

But since you brought Obama up, he was the one who broke his word about public campaign financing during the presidential election, adding to his already long list of lies and broken campaign promises.

By: The Reverend

The Reverend — Tue, 24 Mar 2009 15:30:21 +0000

I am well aware, after 8 weeks in office, of the terrible failures of the Obama administration in not fixing ALL of America's problems.

What in the heck is taking him so long?

Campaign financing is, like contractual bonuses, LEGAL.

Perhaps, Obama should have made campaign finance his number one concern. Then, you could write about the Obama Depression.

After 30 years of total neglect, our nation faces HUGE systemic problems. I can't, for the life of me, figure out why Obama hasn't solved all these problems in 60 days.