Posts Tagged ‘economy’

This president has no business experience…

Posted: August 22, 2010 by datechguy in business
Tags: , ,

…but his cronies apparently can sink a bank with the best of em.:

Hmmm. Feds moved to shut down Obama crony bank ShoreBank today, but it’s not really going away

Now one more bank failing is not news, but doesn’t it strike you as odd that so many taxpayer bailed out companies are so anxious to do a favor to this particular bank that is shall we say “connected”?

You know if you are a business it’s nice to have a friendly reputation but it’s even nicer to have a reputation for success.

It’s unfair. Hoover had a lifetime of real achievement before he stunk up the White House.

…and I think he will be a spectacular senator but I think this press release is silly:

Nearly 18 months after he campaigned for the $862 billion failed stimulus with President Obama, Charlie Crist tells NBC in Tampa Bay that he’s “not surprised” that there was waste in the stimulus program, though he is not “aware of” any. This is a stunning admission from a leading cheerleader of the stimulus program. Unfortunately for Floridians, it is just the latest indication that the Obama-Crist stimulus has failed.

By all means highlight Crist’s support of the horrible stimulus plan and hit him upside the head with it, but hitting him for saying he is not surprised that there is waste in the program?

C’mon Marco, we are all conservatives here. The Stimulus is a federal program, the surprise would be if there was NO waste in it. That is one of the reasons why both Crist & the stimulus should be opposed.

What is stunning is not Crist’s admission of stimulus waste, what was stunning is support for it and that voters would elect him after that fact.

…doesn’t get the tea party movement.

The strength of the movement isn’t a national organization fund-raising, it is hundreds upon hundreds of local tea party groups running shoestring budgets.

Maybe they should consider embedding a reporter into a small local tea party group or two and just watch how it works. Maybe they would learn something.

Captain Ed gets it:

Part of the Tea Party’s charm has been its eschewing of traditional political forms, including fundraising. The “suspicion” that some cast on elements within the movement is directed towards those who may have intentions of co-opting the grassroots for traditional party power. Its bootstrap quality attracts people to the rallies even if it does leave question about the movement’s ability to survive.

Besides, there is a basic conundrum in this question. While there have been many motivations and provocations that have pushed the movement’s growth, the poor economy and the top-down policies of Democrats that have created stagnation are the most powerful. That leaves people with not much discretionary cash to donate, making it ironically a bad time to launch a massive new political organization based on grassroots fundraising.

The bottom up organization is not a bug, it’s a feature.

memeorandum thread here