Oh please, stop it already! People like you have turned racism into an utterly meaningless charge. Would it make you happy if Mr. Galland said “a virtually unknown man”?

The simple fact is that Mr. Obama was virtually UNKNOWN until 2004. I would say he is still largely unknown because our beloved “unbiased” media made damn sure that anything negative about Mr. Obama was covered up and spun away. I think we’re going to get some very unpleasant surprises as the American people discover what kind of man they elected.

You didn’t mention Japan’s “Liquidity trap”, where even zero interest rates didn’t help get banks lending again, vs. how Obama’s program is putting about $2 Trillion into the system to boost demand bypassing the banks, with a tax cut to people who need it , and the write off the toxic bad debts so banks can start over again.

Inflationary now?-NO! You didn’t discuss the enormous amount of OPM (Other People’s Money) that was borrowed and then “lost” by these “Masters of the Universe” experts while taking millions in bonuses. Perhaps these financial “experts” should adopt the Japanese tradition of Hari-Kiri for personal failure. These bankers and mortgage outfits lost the savings of others , such as retirement accounts, pension funds, school endowments, etc. Who is going to replace that money and spending power that people with deposits still think is there in those banks and Mutual funds etc. on deposit? If they find out their savings money really is gone, then the REAL panic begins!

. Markets really crashed and credit froze the day after the Lehman Bro Bankruptcy, when there was a run on Money Market Funds, that caused them to stop withdrawals and stop lending markets in short term repos and other loans, due to panic over losses of OPM they had loaned to Lehman Bro. Since that mid-September day, there has been a record contraction of spendable wealth in every country in the world. Letting the Banks and the financial system crash wipes out prudent people’s savings who “think” they have money deposits in these zombie banks. Fortunately they learned quickly about “systemic risk” and have not let a BIG bank fail since. Letting banks fail and with the loss their saver’s borrowed money was part of the death spiral that happened in the 1930s and the downward market spiral lasted from 1929 to 1932 , which didn’t recover until some REAL deficit spending of WW II cured it. This one has the potential to start WW III too. Now that will cost some real money!

Putting money into the financial system does not become inflationary until more people show up to buy with too much money chasing too few goods and services. Right now it is the opposite- there are plenty of goods and services for sale, but not enough customers. Yes, the time hopefully will come when this stimulus works and customers return, and then I hope Congress will have the guts to balance the budget! But right now the economic ship is sinking and Uncle Sam is the only one town with a big enough checkbook to save it. We will have a decade of Depression if the program is too small and too late and a lot of the “the stimulus it too large” crowd seems cheering on the crash of America.

Nobody knows how much water it takes to put out a California brush fire threatening to burn Los Angeles . . Who would limit the fire department’s water supply because it is pushing the water department over budget to supply water to the fire department? I hear some California Republicans complaining about the budget there too.

Cheers,

Dan in New Jersey

Are you friqqing kidding?????

The Democrats??? How easy and downright cavalier of you to say that.

I mostly enjoy your stories and all…. But this takes the cake…… I’m a blue collar worker… always have been. I have this to say to you guys that play with everyone’s money and hard work…. I’m a former US Combat Veteran, I played by the rules… I supported my family and I made 401k investments like a lot of decent hard working Americans.

But you know what? … I’ve been around to see the complete dismantling of the US Government, the corporate market laws, and the US labor force mostly by the Republican Party. They along with the Corporate lobbyists and people like you have been waging a 50 year all-out “warfare” against the American Working Middle Class first by killing the unions, making stupid unfair trade agreements, closing down factories and shipping jobs overseas, hiring illegal workers, lying about the need of H1B visa workers, always against the minimum wage laws, against safe working conditions that have cost millions of American Workers their very lives if not tragic health conditions, always against decent health care, against social security, Medicare, even against taking care of our wounded military…. Listen you name it and they and people like you are against it.

The only thing you and Corporate America are never against is making a quick easy buck on someone else’s hard work and labor.

Think about it, you guys that run the banks, the stock markets, the Federal Reserve Banking system, the IRS, The entire bought & paid for – US Congress, and greedy CEO’s are nothing more than greedy corporate inside “traitors” that have gone along in betraying the American People and this great nation by destroying the middle class that we “ the “blue collars” help build while you practiced the “Gordon Gekko – “greed is good” grab, smash and run with the money work plan.

Sure it takes capital and risk, and there are many “Venture Capitalist Hero’s” who still has a dream or two to develop and build something wonderful…. But then comes guys like you that have never built nothing, and your only gamble is to seek (sneak) opportunity to turn a quick buck on someone else’s ideas, someone else’s plan, and/or someone’s else’s hard work. And if that doesn’t work, you get the bought & paid for politicians to change the laws to ease your way into someone else’s hard earnings without breaking a sweat.

The reason we are in the “knee deep toxic mess” is due to the greed and “toxic ideas” you guys in the “market” come up with like “mortgage derivatives” “hedge funds” and the like, that are nothing more than schemes and hoodwinks to steal other people’s hard earned money…. Money that is earned by the hour.

Banks make billions per second through fees and hidden charges; mortgage companies make millions per second with up-front down-payments and all the fees and points; corporate CEO’s short stocks, rob and cheat the stock holders… and all you’ve done is overthrown the American Middle Class into despair and helped break the American Engine that made you and your scheming buddies so rich beyond your wildest dreams.

I know I was wiped out by CEO lies and greed @ WorldCom were I worked my heart & soul for over 18 years, and where my entire 401k plan of 18 years was stolen leaving me nothing, groveling for work with no sight in having a decent way to retire.

These “Global Corporations” under the guise of World Trade Agreements have shed the “American Brand” in order to cheat the nation out of paying their fair share of taxes and upkeep of the nation and the people that spawned them. They use the US Military, the US roads, bridges, airports, fire, police, teachers, and all the other infrastructure that supports their product or service, but then pays millions to find the ways and means to deny the taxes needed to support the commonwealth of this glorious nation. They and the US politicians are in Washington not to befit the American cause and way of life, but to ponder and scheme how to get out of paying a fair wage and benefits to which they claim, is all in the name of business.

You greedy thieves and politicians should be ashamed of yourselves, but that won’t happen. Now that you burned up your gravy train, you all scurry like rats and roaches when the light of truth is turned on, only to start pointing fingers at everyone but yourselves.

So Please, for once have enough guts and honesty to lay the blame on your greedy selves… and I dare you to print this in your blog or newsletter.

J.C. San Antonio, TX