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	<title>Comments on: Catastrophe as Envisioned by Dick Morris</title>
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	<link>http://www.crumbyreviews.com/2009/08/catastrophe-as-envisioned-by-dick-morris/</link>
	<description>Random Reviews &#38; Recommendations</description>
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		<title>By: individual health</title>
		<link>http://www.crumbyreviews.com/2009/08/catastrophe-as-envisioned-by-dick-morris/comment-page-1/#comment-474</link>
		<dc:creator>individual health</dc:creator>
		<pubDate>Thu, 25 Feb 2010 21:56:17 +0000</pubDate>
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		<description>The Administration is wise to tread carefully in addressing the Freddie and Fannie structures. It took 40 years to grow these problems and they arent going to get solved with any magic potion in a year. The cerebral nature of the President’s decision-making processes are especially critical at a time like this; these decisions may be among the most important he will make in his 8 years in the White House. What needs to be done is to take them apart slowly and carefully. A $5.0 trillion gorilla is best dealt with cautiously. A strategic plan developed by someone with Volcker’s wisdom could pull this off and the national and world economies will be all the better as a result!</description>
		<content:encoded><![CDATA[<p>The Administration is wise to tread carefully in addressing the Freddie and Fannie structures. It took 40 years to grow these problems and they arent going to get solved with any magic potion in a year. The cerebral nature of the President’s decision-making processes are especially critical at a time like this; these decisions may be among the most important he will make in his 8 years in the White House. What needs to be done is to take them apart slowly and carefully. A $5.0 trillion gorilla is best dealt with cautiously. A strategic plan developed by someone with Volcker’s wisdom could pull this off and the national and world economies will be all the better as a result!</p>
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		<title>By: Mr. Crumb</title>
		<link>http://www.crumbyreviews.com/2009/08/catastrophe-as-envisioned-by-dick-morris/comment-page-1/#comment-161</link>
		<dc:creator>Mr. Crumb</dc:creator>
		<pubDate>Fri, 04 Sep 2009 14:02:56 +0000</pubDate>
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		<description>You answered the question very well. I too believe that a majority of the stimulus money is being spent in 2010 as a strategic way to make everything appear better for re-election; there&#039;s no other logical reason. They would have spent most of the money this year if they just cared about stimulating the economy. Great comment Grayfox. Thank you.</description>
		<content:encoded><![CDATA[<p>You answered the question very well. I too believe that a majority of the stimulus money is being spent in 2010 as a strategic way to make everything appear better for re-election; there&#8217;s no other logical reason. They would have spent most of the money this year if they just cared about stimulating the economy. Great comment Grayfox. Thank you.</p>
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		<title>By: Grayfox</title>
		<link>http://www.crumbyreviews.com/2009/08/catastrophe-as-envisioned-by-dick-morris/comment-page-1/#comment-154</link>
		<dc:creator>Grayfox</dc:creator>
		<pubDate>Wed, 02 Sep 2009 18:47:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.crumbyreviews.com/?p=984#comment-154</guid>
		<description>Fair review.  I have only two issues.  

I believe that the bailout, while debated during the Bush Administration was actually approved during the Obama administration a day or two after his inauguration.  And, as I recall, the auto bailout was, as all of Obama&#039;s legislation has been, rushed through Congress with nominal discussion.  

Secondly, while I will not disagree with your observation that social programs were pushed during Bush&#039;s Presidency, the allocation of wealth from those programs does not match the allocation of wealth in President Obama&#039;s programs, as I see them.

Bush&#039;s program used  unconstrained consumer debt, artificial appreciation of assets, misleading credit ratings and marketing of toxic assets as the cornerstone of his social program.  The result was that the low- and middle-income strata of society developed a false sense of financial security while the upper-income strata realized real financial gain  supported by government intervention when the economy collapsed.

Obama&#039;s program seems to be intent on using Bushes catastrophe to justify the allocation of billions of dollars to social programs benefiting the lower income population at a tremendous expense to future generations by creating enormous national debt.  He will not spend all the stimulus money up front because he needs to retain a large portion in order to continue manipulating a false recovery long enough to gain reelection.</description>
		<content:encoded><![CDATA[<p>Fair review.  I have only two issues.  </p>
<p>I believe that the bailout, while debated during the Bush Administration was actually approved during the Obama administration a day or two after his inauguration.  And, as I recall, the auto bailout was, as all of Obama&#8217;s legislation has been, rushed through Congress with nominal discussion.  </p>
<p>Secondly, while I will not disagree with your observation that social programs were pushed during Bush&#8217;s Presidency, the allocation of wealth from those programs does not match the allocation of wealth in President Obama&#8217;s programs, as I see them.</p>
<p>Bush&#8217;s program used  unconstrained consumer debt, artificial appreciation of assets, misleading credit ratings and marketing of toxic assets as the cornerstone of his social program.  The result was that the low- and middle-income strata of society developed a false sense of financial security while the upper-income strata realized real financial gain  supported by government intervention when the economy collapsed.</p>
<p>Obama&#8217;s program seems to be intent on using Bushes catastrophe to justify the allocation of billions of dollars to social programs benefiting the lower income population at a tremendous expense to future generations by creating enormous national debt.  He will not spend all the stimulus money up front because he needs to retain a large portion in order to continue manipulating a false recovery long enough to gain reelection.</p>
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		<title>By: Nayade</title>
		<link>http://www.crumbyreviews.com/2009/08/catastrophe-as-envisioned-by-dick-morris/comment-page-1/#comment-153</link>
		<dc:creator>Nayade</dc:creator>
		<pubDate>Wed, 02 Sep 2009 14:23:02 +0000</pubDate>
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		<description>Hey Mr. Crumb, great review! Your points are all well taken and understood. Dead people getting stimulous money uh? That reminds me when a dog got a call for Jury Duty. 
Why in hell is Pelosi and company trying to turn us into Europe? Have they seen their unemployment rates lately? Have they seen how those people live?</description>
		<content:encoded><![CDATA[<p>Hey Mr. Crumb, great review! Your points are all well taken and understood. Dead people getting stimulous money uh? That reminds me when a dog got a call for Jury Duty.<br />
Why in hell is Pelosi and company trying to turn us into Europe? Have they seen their unemployment rates lately? Have they seen how those people live?</p>
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