Booman Tribune ~ A Progressive Community

There's Nothing For Obama To Do

by Steven D
Fri Jan 2nd, 2009 at 10:55:28 AM EST

The world has already been saved by Henry "Spats" Paulson and his sidekicks, Benny and the Bernackees. No really. The truthy story of their heroism and derring do is all right here:

Massive rescue efforts by the US government and central bank in recent months helped avert a "financial collapse" and are working to stabilize the economy, a Treasury report said Wednesday.
The Treasury report to a congressional panel overseeing the 700-billion-dollar rescue plan passed in early October said the extraordinary actions probably averted deeper problems.
"Treasury, working with the Federal Reserve, the FDIC (Federal Deposit Insurance Corp.) and other regulators, has taken the necessary steps to prevent a financial collapse," the report said.
"The most important evidence that our strategy is working is that Treasury's actions, in combination with other actions, stemmed a series of financial institution failures. The financial system is fundamentally more stable than it was when Congress passed the legislation."

I'm sure all the recently unemployed ~~CEO's and senior executives~~ will be happy to know that Spats Paulson has their back. Then again maybe the Treasury wonks that ~~fudged~~ diligently prepared this ~~bullshit~~ scrupulously honest presentation of the facts regarding Paulson's ~~disingenuous spin doctoring and pompous chest beating~~ brilliant efforts were grading on a curve, one in which Herbert Hoover rates as a B minus. By the way, there's no truth to the rumor that the Treasury's report about it's monumental ~~and unbelievable~~ success was only three pages long.

There's Nothing For Obama To Do | 3 comments (3 topical, 0 editorial, 0 hidden)

Re: There's Nothing For Obama To Do (none / 0)

Wait, if Hoover gets a B-Minus then Bush must surely qualify for a gentleman's C. Right?

by BooMan on Fri Jan 2nd, 2009 at 11:43:17 AM EST

Re: There's Nothing For Obama To Do (none / 1)

Absopositutely!

A conservative is a man with two perfectly good legs who, however, has never learned how to walk forward. Franklin D. Roosevelt

by Steven D on Fri Jan 2nd, 2009 at 11:49:55 AM EST
[ Parent ]

Re: There's Nothing For Obama To Do (none / 0)

i heard on CNBC The Fed will add 2 trillion more to its balance sheet in 2009. And that banks will need to recapitalize in 2009. I think,know, the Republicans are lying so the Democrats have to clean up their mess.

by americanforliberty on Fri Jan 2nd, 2009 at 01:54:16 PM EST

There's Nothing For Obama To Do | 3 comments (3 topical, 0 editorial, 0 hidden)

Go to: [ Booman Tribune Homepage : Top of page : Top of comments ]

. Home
. About
. Contact
. Advertise
. FAQ
. Search

Username:
Password:

. Make a new account
. Reset password

Gift Cards * New Arrivals

NOTE: Overstock bests Amazon's prices and is "blue."

THE BOOKS WITH "BUZZ":
______________

Senator Edward M. Kennedy tells his extraordinary personal story:

True Compass: A Memoir
by Edward M. Kennedy.

Read Barack Obama's vision for America:

The Audacity of Hope: Thoughts on Reclaiming the American Dream
by Barack Obama

Boran2 and maryb2004 recommend:

The Big Over Easy: A Nursery Crime
by Jasper Fforde

Must-have information for all presidents-and citizens-of the twenty-first century?

Physics for Future Presidents: The Science behind the Headlines
Richard A. Muller

rae recommends:

Dark Ages America: The Final Phase of Empire
by Morris Berman.

On BooMan’s shelf:

Team of Rivals: The Political Genius of Abraham Lincoln
by Doris Kearns Goodwin

This looks interesting:

Adventure Divas
by Holly Morris

Here’s a good one from
Elizabeth Gilbert:

Eat Pray Love
by Elizabeth Gilbert

"Crash" * Best Motion Picture, Academy Awards * Only $11.79 at Overstock * 2006 SAG Winner, Best Ensemble

Check out
Powell's new section:
NEW FAVORITES
Selected new arrivals at 30% off

Recommended by Indianadem and ejmw:
The Conscience of a Liberal
by Paul Wellstone

From northcountry’s bookshelf:

The New Golden Age:
The Coming Revolution Against
Political Corruption and Economic Chaos by Ravi Batra

A novel about contractors in Iraq from the woman that runs The Spy That Billed Me:

Outsourced: A Novel
from RJ Hillhouse.

Great Deals
----- * ^ * -----

Find mystery novels by Nancy Pickard ("Kansas")

Challenging Empire: How People, Governments, and the UN Defy US Power by Phyllis Bennis (interviewed on DN!)

Featured by Keith Olbermann, New (Powell's Sale): Rogue State: A Guide to the World's Only Superpower by William Blum (whose other books merit serious consideration)

"Explosive" State of War: The Secret History of the CIA and the Bush Administration
by James Risen

The book the CIA doesn't want you to read: Jawbreaker: The Attack on Bin Laden and Al Qaeda: A Personal Account by the CIA's Key Field Commander
Larry Johnson's review

BT's all-time best seller:

PERMACULTURE:
A Designers' Manual
$79.95 * Sale: $59.95

Unequal Sisters: A Multicultural Reader in U.S. Women's History (Third Edition)

The Undercover Economist: Exposing Why the Rich Are Rich, the Poor Are Poor And Why You Can Never Buy a Decent Used Car!

The Worst Hard Time: The Untold Story of Those Who Survived the Great American Dust Bowl
by Timothy Egan

Green Press Initiative
----- * ^ * -----

Journalistas: 100 Years of the Best Writing and Reporting by Women Journalists by Eleanor Mills * NYT review

Bury Me Standing: the Gypsies & Their Journey

1491: New Revelations of the Americas before Columbus

Brokeback Mountain
by Annie Proulx
----- * ^ * -----
Check out Powell's
"At The Movies"

Imperial Ambitions: Conversations on the Post-9/11 World by Noam Chomsky (Power & Terror: Post 9-11 Talks)

The Price of Privilege:

How Parental Pressure and
Material Advantage Are Creating a Generation of
Disconnected and Unhappy Kids
by Madeline Levine

Save 35-70% on
name brand clothing,
footwear, and outdoor gear
at SierraTradingPost.com
:

We listened to PEN American Center's "State of Emergency" and found 1940s books by Curzio Malaparte only at Alibris. (Selection (MP3) excerpted from "The Skin.")

Banned Books * Are you a fan of Film Noir, Art House, Documentaries or Hong Kong Action? * Searching for a long-lost children's book or a first printing of Miles Davis' Kind of Blue on vinyl? Find it at Alibris!

:
:

Booman Tribune Homepage
admin@boomantribune.com
powered by Scoop

More blogs about Blogs at Technorati.

Technorati Profile