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In 8 months of office, Obama has been behind 3 of the biggest corporate giveaways in U.S. history

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brentspeak Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 04:04 PM
Original message
In 8 months of office, Obama has been behind 3 of the biggest corporate giveaways in U.S. history
1) TARP II

2) the credit card "reform" act (read http://www.businessweek.com/magazine/content/09_38/b4147026262530.htm?wtf">this on how the legislation is actually making banks richer and credit card holders poorer)

3) health care "reform" which makes everyone a captive customer of insurance companies

And there' more to come...

4) (pending) Arne Duncan's "Race to the Top" plan to hand over a good chunk of public education dollars to corporate charter schools

Plus, the prologue:

5) Obama's vital role in helping Bush get TARP I passed

:banghead: :banghead: :banghead: :banghead:
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mdmc Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 04:06 PM
Response to Original message
1. USA!
USA!
USA!
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Thrill Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 04:07 PM
Response to Original message
2. Thank you. We get you hate Obama. You've let us know it every week for over 2 yrs
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karynnj Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 05:04 PM
Response to Reply #2
13. many times in every week - between his posts suggesting (still) that we needed Edwards!
Every one of the items is mischaracterized. I guess he missed that the economy, still very week, statistically is out of the recession, we are in the beginning of recovery. Some of those programs led us to that point and hopefully will lead to stronger recovery.
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grantcart Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-12-09 04:16 AM
Response to Reply #2
46. Oh you misunderstand Obama is his "best friend" and he just wants to set him on the
righteous Brentspeak path.
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LWolf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-13-09 04:21 PM
Response to Reply #2
64. I you are correct,
it's obviously with good reason. At least he gives valid evidence for his lack of enthusiasm.

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Fading Captain Donating Member (895 posts) Send PM | Profile | Ignore Tue Sep-15-09 10:13 AM
Response to Reply #2
79. Respond to the Issues presented
Instead of smearing.
If you aren't intellectually bankrupt, that is.
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rubberducky Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 04:08 PM
Response to Original message
3. Please don`t piss on my parade.
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denem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 04:37 PM
Response to Original message
4. A "B" Grade movie, as usual, with Bad acting.
Edited on Fri Sep-11-09 04:38 PM by denem
"I want to support the Democratic Party". Oh Yeah.
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democrat2thecore Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 04:42 PM
Response to Reply #4
7. What part of what he/she wrote is wrong or not factual? -nt
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Teaser Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 08:44 PM
Response to Reply #7
31. the part the user wrote and posted.
the rest is fine.
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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 04:40 PM
Response to Original message
5. Another MISERABLE FAIL from you. nt
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LynnTheDem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 08:19 PM
Response to Reply #5
28. Hey, 'Sis...I bet we both knew, before looking, exactly who the
OP was.

:rofl:
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JeffR Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 04:42 PM
Response to Original message
6. Golly! Sounds like this Obama guy is bad news!
Thanks for the heads-up.
:eyes:

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democrat2thecore Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 04:45 PM
Response to Reply #6
8. Not a bad GUY, just poorly advised and too ready to compromise principles (rhetoric aside) -nt
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tbyg52 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 05:13 PM
Response to Reply #8
14. Bingo. nt
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LWolf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-13-09 04:22 PM
Response to Reply #6
65. It depends on how you define "bad news."
Personally, I think all centrist/corporatist/3rd way/"new" dems are bad news.

:shrug:
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 04:46 PM
Response to Original message
9. If the Credit card bill and TARP were among the biggest corporate giveaways in history
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uponit7771 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 04:52 PM
Response to Reply #9
10. Kucinich is teh bad man!!!!!!!!! /sarcasm
Edited on Fri Sep-11-09 04:52 PM by uponit7771
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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 05:02 PM
Response to Reply #9
11. Great links, and healthcare reform hasn't even been decided. Proof positive
this OP is, as usual, full of shit.
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ChimpersMcSmirkers Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 06:12 PM
Response to Reply #9
25. Nice find.
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Fri Sep-11-09 08:26 PM
Response to Reply #9
29. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
natrat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 08:41 PM
Response to Reply #29
30. you are waisting your time here,seriously. this is dlc/corpwhore central these days
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 09:36 PM
Response to Reply #29
33. I see that this was an oversight bill
A few days after the Senate approved the release of the second half of TARP funding, on January 21, 2009, H.R. 384 passed the House by a vote of 260-166. Reports indicated that Senate Banking Committee Chair Chris Dodd (D-Conn.) would not take up H.R. 384 as passed or introduce a Senate version of the bill. However, Senator Byron Dorgan (D-N.D.) has introduced a separate bill (S. 195), establishing stronger oversight over the whole financial bailout, including TARP.

I don't see the link to the House vote on the TARP in 2009

Still, Kucinich did vote for the Credit Card Act.

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joshcryer Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 09:38 PM
Response to Reply #29
34. Well then. I have never seen such a thorough ownage on DU since coming here (2002).
Nicely done.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 09:40 PM
Response to Reply #34
36. Actually, the OP is still BS. n/t
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cliffordu Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-12-09 12:32 AM
Response to Reply #34
39. no kidding. That's really gonna leave a mark.
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-12-09 09:05 AM
Response to Reply #9
49. *ding* *ding* *ding* we have a winner!
:yourock:
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Ikonoklast Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-14-09 01:30 PM
Response to Reply #9
73. Kucinich is secretly a Bilderberger.
He chaired the last meeting of the Trilater Commission, and it was rumored he was seen dancing naked around the burning Owl at the last Bohemian Grove meeting.


Or was it Burning Man? Damn, I always get those two confused.
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SIMPLYB1980 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 05:04 PM
Response to Original message
12. This OP is shit. imo. nt
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Blue_Roses Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 05:13 PM
Response to Original message
15. what is your fucking problem?
go to another site and spread your shit. In fact, stay there...

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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Fri Sep-11-09 05:16 PM
Response to Original message
16. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
tbyg52 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 05:20 PM
Response to Original message
17. Sigh.... Here's my bit to counteract the kneejerk replies.
So far he's been very good to the corporations, you are quite right. They own our government, after all.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 05:41 PM
Response to Reply #17
19. Do they own
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tbyg52 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 05:49 PM
Response to Reply #19
22. I hope not, I think not, but one never knows for sure, in this country.
And, yes, I saw that post. A lot of people got stampeded into voting for TARP, just like they got stampeded into voting for the PATRIOT Act. There's a lot of that going around.
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brentspeak Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 09:33 PM
Response to Reply #22
32. Don't get suckered by the other poster's B.S.
Edited on Fri Sep-11-09 09:33 PM by brentspeak
H.R. 384, the http://www.govtrack.us/congress/bill.xpd?bill=h111-384&tab=summary">TARP Reform and Accountability Act that Kucinich voted for was not TARP I or TARP II; it simply provided additional oversight and reallocation for the TARP I package that had already been passed. Kucinich voted http://clerk.house.gov/evs/2008/roll681.xml">against the TARP package.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 09:38 PM
Response to Reply #32
35. That's the 2008 bill. Where is the TARP vote under Obama? nt
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Zynx Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-12-09 10:37 AM
Response to Reply #17
54. I guess that would explain why they hate him so much.
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tbyg52 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-12-09 01:02 PM
Response to Reply #54
55. He scares them, because he may not be quite as tame as some, but
any politician who has gotten to a certain level knows he/she had better be careful around the corporations, at the least. They *are* our masters, you know.....
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Zynx Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-12-09 03:12 PM
Response to Reply #55
57. Talk to some right wing businessmen. They really think Obama is out to kill them.
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tbyg52 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-13-09 08:43 AM
Response to Reply #57
59. They scare *real* easily, then. It looks to me like he knows exactly how far he can go. nt
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jenmito Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 05:26 PM
Response to Original message
18. Why don't you just register as a Republican, VOTE Republican, and be done with it?
Edited on Fri Sep-11-09 05:26 PM by jenmito
Your constant stream of threads NEVER support Obama. :eyes:
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LooseWilly Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-12-09 03:51 AM
Response to Reply #18
42. You do understand the difference between the "left" and the "right", right?
The notion that someone who is MORE liberal than Obama should register as a Republican suggests that you just don't get it.

I recognize that some people think that there are only 2 points of view. What the head of the Democratic Party says... and "everything else".... and some are not capable of realizing that not all of the "everything else" is like the rest of the "everything else"... but there's a difference between Rush Limbaugh and those near or left of Dennis Kucinich.

Of course... I'm probably wasting my carpal tunnel trying to explain this subtlety to you... you only see in black and white, obviously... if you would suggest a leftist register Republican.

:tinfoilhat:
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NotThisTime Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-12-09 07:07 AM
Response to Reply #18
47. Exactly...
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Window Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 05:47 PM
Response to Original message
20. Same shit, different day.
:thumbsdown:
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azmouse Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 05:48 PM
Response to Original message
21. Whatever...
Just your usual spew. :eyes:
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dionysus Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 05:54 PM
Response to Original message
23. i heard this crazy rumour that john edwards cheated on his terminally ill wife. what a great guy.
Edited on Fri Sep-11-09 05:59 PM by dionysus
he'd of made a great candida---oh yeah, i remember what i was going to say! ...your post is crap as usual...
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boppers Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 06:01 PM
Response to Original message
24. Nice sense of history.
Railroads.
Oil and Mineral rights.
Logging rights.
Private military procurement.
Federal banking system.

All of these were much, much larger, by several orders of magnitude. Just keep banging on your drum though, as anybody can judge your arguments on their merits.
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LooseWilly Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-12-09 04:05 AM
Response to Reply #24
43. I don't recall any of those involving taxpayer subsidization just to fix mismanagement issues...
But I welcome your historical educatifying...

I don't know much about the railroads... but I was under the impressions that they were built for profits (or are you talking about Amtrak subsidies to keep the railroads afloat?)

OIl and Mineral rights are often given away too cheaply... how does that compare with taxpayer subsidies to stabilize the financial industries after they gambled on derivitivized loan packages that turned out to be worthless/un-valuable?

Logging rights?... see above.

Private military procurement...? I don't see how this is comparable. Worthy of criticism... certainly, on any number of levels... but I think the OP would be happy to stop this as promptly, and reverse it and charge back fees... as anything mentioned in the OP

Federal Banking system... ? - isn't that largely what the OP was criticizing??

It seems a little ridiculous to add more examples to the OP's criticism... and try to claim that they counter the criticism... what you're mentioning is just more examples... less blatant for the most part... but certainly not things that Obama could be judged to be not equally guilty of supporting relative to other presidents.... Do you not understand the gist of criticisms from the "left"?
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boppers Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-13-09 01:49 AM
Response to Reply #43
58. Hair rending and shirt tearing from the left...
We all get it.

Really, we do.

More puppets and effigies and street theater are not needed.

...unless, of course, the whole performance and demonstration thing is more important than making any actual changes, in which case, keep performing and demonstrating. I love street theater.
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Laelth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 07:06 PM
Response to Original message
26. I don't know about "biggest" ...
But I agree that the TARP and the "health insurance reform" proposal that the President now backs are massive Federal give-aways to the corporations.

I suspect the charter schools advanced by our SUCKretary of education will also be a massive give-away of Federal money to private interests.

It is frustrating, to say the least. And, ignore the cheerleaders. They know you have a point, and that's why they have to attack you so viciously.

Cheers. :toast:

:dem:

-Laelth
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RepublicanElephant Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 07:12 PM
Response to Original message
27. wasn't tarp some monkey-crap left behind on the walls by dubya? nt
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kid a Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 10:55 PM
Response to Original message
37. brentspeak is taking his ambien too early in the day: stupid, forgetful, and in the wrong place
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myrna minx Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-11-09 11:01 PM
Response to Original message
38. I don't think I've ever seen you post anything positive on this message board.
I actually feel sorry for you and your dark cloud. :hug:
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BzaDem Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-12-09 02:09 AM
Response to Original message
40. Yawn. Go vote for Palin and be done with it.
Your "I can't decide to vote for Obama or Palin" psychodrama is quite boring.
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LooseWilly Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-12-09 04:09 AM
Response to Reply #40
44. Why is it that so many here can't tell the difference between the "left" and the "right"?
Speaking of psychodramatic delusions... have you no sense of relativity (probably not... I'm probably wasting keystrokes...)
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firedupdem Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-12-09 02:44 AM
Response to Original message
41. You should slow down...you're going to be banging your head
for the next 4-8 yrs...and it's not because the president is doing a bad job. It's simply because you hate him.
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Sat Sep-12-09 04:14 AM
Response to Reply #41
45. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
Name removed Donating Member (0 posts) Send PM | Profile | Ignore Sat Sep-12-09 08:51 AM
Response to Reply #45
48. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
joeycola Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-12-09 09:08 AM
Response to Original message
50. Arne Duncan has had little press while he promote education privatization.
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Dinger Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-12-09 10:30 AM
Response to Reply #50
52. Arne Duncan, Tool (nt)
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City Lights Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-12-09 10:22 AM
Response to Original message
51. Same shit, different day.
:boring:
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Zynx Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-12-09 10:32 AM
Response to Original message
53. The second one there is hard to construe as a "giveaway" but rather unintended consequences.
TARP II is not a "giveaway". The government has legal stakes in the firms that are worth something, though it varies how much.

You are really bad at this.
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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-12-09 01:11 PM
Response to Original message
56. k and r for later reading n/t
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Zynx Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-13-09 08:59 AM
Response to Reply #56
62. That was a very short post by the OP. It can be read in 20 seconds.
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Mass Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-13-09 08:45 AM
Response to Original message
60. May be you should have voted for McCain...
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karynnj Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-13-09 04:34 PM
Response to Reply #60
67. Or wrote in John Edwards
who he KNOWS would never deviation from any position he ever backed.
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tekisui Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-13-09 08:48 AM
Response to Original message
61. Damn, I missed when the health care bill passed.
I need to pay closer attention.
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LWolf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-13-09 04:19 PM
Response to Original message
63. And loyal democrats support his corporatism.
:banghead: :banghead: :banghead: :banghead: :banghead: :banghead:

I wish they were as loyal to principles and issues as they are to party leaders.
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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-13-09 05:13 PM
Response to Reply #63
69. These last six months have helped me understand
Why Jefferson was not a big fan of political parties.
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LWolf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-13-09 07:20 PM
Response to Reply #69
70. Yes.
I grew up understanding it. I was an independent my entire life until 2001. While I voted for a lot of Democrats, I wasn't a Democrat myself. My votes have always been about issues, not party.

When I saw the writing on the wall with GWB, I registered with the party most likely to defeat him and his agenda. I have been more appalled by party politics in the 8 years I've been the member of a political party than in the 23 years I voted as an independent.
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debbierlus Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-13-09 04:25 PM
Response to Original message
66. They don't want to hear it. They aren't ready,

It is a heartbreak what Obama has turned out to be.

No doubt. It sucks that he has taken such a incredible opportunity and used it to further the corporate fascist agenda.

It doesn't matter. The consequences of these policies will be cold water on the face of America. We have not yet seen our depression. This economy is teetering on the brink.

It is easier to bash you then to admit that the hero they elected has played them for complete and total fools.
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bigwillq Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-13-09 04:36 PM
Response to Reply #66
68. Great post.
:thumbsup:
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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-14-09 01:23 PM
Response to Reply #66
72. Plus apparently there is always an inner core of the Party faithful
Edited on Mon Sep-14-09 01:24 PM by truedelphi
And this is regardless of which party we speak of, that has to believe in their Leader.

I have Republican friends who still believe that Bush won the war in Iraq (!?!) and now my Democratic friends who continually feel that Obama needs more time or more support and then, like the fairy dust we clap for during the theatrics of "Peter Pan", little Tinker Belle, and the economy, and Health Care reform will all be okay. It just takes blind faith, don't you know!!

I am sure for these Dems, when it all falls apart, it STILL won't be Obama's fault - it will be our fault for not having enough Fairy Dust, er that is blind faith, to help out the President. We who protest will still be blamed.

In the end, it is the messenger who gets killed off.


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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Mon Sep-14-09 01:36 PM
Response to Reply #66
74. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
dionysus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-15-09 10:40 AM
Response to Reply #74
82. by this point, knowing just how bitter they are makes me happy. and they'll have 7.5 more years to
Edited on Tue Sep-15-09 10:40 AM by dionysus
grind their teeth over it.
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OwnedByFerrets Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-14-09 05:12 PM
Response to Reply #66
76. "They" will still be making excuses after 8 yrs of the same
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dionysus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-15-09 10:39 AM
Response to Reply #76
81. hmm, obama supporters are "they" to you. i don't know why you're so bitter, but i like it.
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dionysus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-15-09 10:38 AM
Response to Reply #66
80. you are so divorced from reality it isn't funny.but,your bitterness is a joy to behold. 7 and a half
Edited on Tue Sep-15-09 10:40 AM by dionysus
more years.
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MarjorieG Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-13-09 07:24 PM
Response to Original message
71. All by himself, because Congress wanted to do right, and he wouldn't. Not...
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branders seine Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-14-09 04:31 PM
Response to Original message
75. tough talk when on TV
Edited on Mon Sep-14-09 04:32 PM by branders seine
overwhelming largesse instead of reform when dishing out policy

Didn't he pretty much handover theTreasury to Goldman Sachs?
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cliffordu Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-14-09 05:26 PM
Response to Original message
77. Later, Hater.
:hurts:
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bklyncowgirl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-15-09 01:08 AM
Response to Original message
78. ....and Bill Clinton passed NAFTA.
Sometimes, when I have donned my tinfoil beanie, I wonder if Democrats are allowed to become President only to get things passed that Republicans cannot.

Sadly, no one who you, or perhaps I would agree with 100 percent of the time will ever become President. If the gatekeepers that run the media don't destroy him/her, the American people--or at least those few who might be persuadable--would tune this person out because what he or she says would be so outlandish compared to everything they have internalized from childhood.

Given all this Bill Clinton was on the whole a good presiden and so, I think, will Obama be a good president. He will not, however, be the left wing savior, smiter of corporate America many of us would like to see.

Just not gonna happen.
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