The Mudcat Café TM
Thread #115883   Message #2855258
Posted By: Sawzaw
03-Mar-10 - 03:49 PM
Thread Name: BS: Popular Views: the Obama Administration
Subject: RE: BS: Popular Views: the Obama Administration
"Something can begin to collapse without collapsing completely. That would be termed a partial collapse."

That is true if you state that but Amos did not. He said it "a collapsed economy".

Did you see any thing about partial or begin there?

Now he tries to backpedal and try to modify what he said while launching ad hominem attacks.

You can say half dead or nearly dead or dying but saying dead is final.

A dying dog, a nearly dead dog, a half dead dog is different from a dead dog.

My personal view is that the economy would have collapsed if nothing was done but something was done before it collapsed and Obama said so.

"it was the right thing for us to do to step in to make sure that the financial system did not collapse"

Amos does not want to acknowledge that the collapse was prevented and did not happen.

Notice the word us. It indicates that he was involved so the claim that it was GWB's bailout does not compute either.

It was not Paulson or GWB that bailed out the banks but all of us and it prevented the collapse.

Also the "bailout" was loans to the banks, to be paid back with interest at a profit, and not money "given" to the banks as is repeated over and over by hysterical people.

However the money being paid back is not going to the treasury to reduce the national debt as was written into the bailout, it is being diverted into more ineffective Obama spending programs