Skip to comments.Has a ‘Katrina Moment’ Arrived? (New York Times Slams Obama Alert)
Posted on 03/22/2009 3:39:39 AM PDT by Zakeet
A Charming visit with Jay Leno wont fix it. A 90 percent tax on bankers bonuses wont fix it. Firing Timothy Geithner wont fix it. Unless and until Barack Obama addresses the full depth of Americans anger with his full arsenal of policy smarts and political gifts, his presidency and, worse, our economy will be paralyzed. It would be foolish to dismiss as hyperbole the stark warning delivered by Paulette Altmaier of Cupertino, Calif., in a letter to the editor published by The Times last week: President Obama may not realize it yet, but his Katrina moment has arrived.
To get ahead of the anger, Obama must do what he has repeatedly promised but not always done: make everything about his economic policies transparent and hold every player accountable. His administration must start actually answering the questions that officials like Geithner and Summers routinely duck.
Inquiring Americans have the right to know why it took six months for us to learn (some of) what A.I.G. did with our money. We need to understand why some of that money was used to bail out foreign banks. And why Goldman, which declared that its potential losses with A.I.G. were immaterial, nonetheless got the largest-known A.I.G. handout of taxpayers cash ($12.9 billion) while also receiving a TARP bailout. We need to be told why retention bonuses went to some 50 bankers who not only were in the toxic A.I.G. unit but who left despite the retention jackpots. We must be told why taxpayers have so little control of the bailed-out financial institutions that we now own some or most of. And where are the M.R.I.s from those stress tests the Treasury Department is giving those banks?
Thats just a short list.
(Excerpt) Read more at nytimes.com ...
Things are getting bad for Barry when the New York Times dumps on him like this.
Anyone who opposes The One is just a racist.
I know I’m having a tin foil moment but here goes.
The NYT is being encouraged by Rats to write some articles criticle of Dems and the POTUS so it won’t look so scandalous when congress endows them with bailout cash.
When Frank Rich stops drinking the Obama Kool aid long enough to actually call him out on his incompetence you know the Kenyan ursurper is in deep waters
This NYT story reminds me of the occasional token "pro-Christian" cases supported by the communist-founded ACLU.
These random, yet deliberate, guises by the ACLU and NYT do not fool me in the slightest.
I know the true intentions of evil organizations.
That doesn’t sound like a tinfoil hat thing to me.
It’s a planned deception tactic to keep Americans focused on AIG scandals while they are busy raping the nation behind the scenes.
It’s really more of an attack on Summers than Obama. And Frank Rich still assumes that Barry Boy is the Messiah who can, if he’ll just pay attention, solve our problems. He’s concerned about the rage not of people like us but of the populist lefties getting out of hand. He’s not concerned about Obama’s socialist agenda. He really only cares about seeing all rich people, all executives, burned at the stake. He’ll actually be supporting Obama as Zero turns his sights on micromanaging all executive compensation across the entire economy (does this remind anyone of how FDR tried to bureaucratically regulate all production, both agricultural and industrial, down to the tiniest detail?).
But we’ll take what we can get, I guess.
As Freud said, “Sometimes a cigar is just a cigar.”
We need to constantly refer to the Obama presidency as “The Failed Obama Administration” and “The Failed Obama Presidency.” Repeat it at every opportunity. No matter the subject, toss out referrals to the Failed Obama Administration/Presidency.
As I am a poor artist, I would like to commission a fellow FReeper to come up with a sketch of Obama, eyes blazing, his handlers peering over his shoulder in the background while he strangles TOTUS to death. The caption reads, “This is MY show, not yours.”
No wonder he has hidden his college grades from public review.
He talks and talks and talks but has no idea what to actually DO!
What motivated this verbal assault on their messiah, and moreover, will it continue to stay this way on a permanent basis?
Afterall, if they spent 8 years waging a full frontal assault on President Bush, Governor Palin and other Americans, will they antagonize communists like Obama on a regular basis?
What is the opposite of “too big to let fail?”
Answer: “too small to allow to succeed.”
First things first....who’s the scheduled entertainment for this Wednesday night?
No one is more commanding on this subject than our president.
That, and that alone, is reason enough for me to maintain my distrust and anger toward my own generation.
With a little more "transparency" all be well, says Frank.
Right, that'll do it.
Nothing paranoid about that. I’ve expecting such a bailout for a while now. And these bozos are trying misdirection like crazy, so why tinfoil?
Yes, but that was pre-Lewinsky.
> There will be no financial recovery until Obozo is out of office!
I think you’ve got it right! I wonder if it will get bad enough for the Dems to start asking about Birth Certificates? (One can hope, ay!)
And Frank Rich, no less.
The only thing Rich is worried about is that BO isn’t pulling the wool down over our eye very effectively...
In the beginning I thought the “Birth Certificate” was a tinfoil hat issue.
It is not.
I plead guilty to being a “Birther”.
Not holding my breath, but the collateral damage to the Dem’s of revealing that he is not qualified to hold the office would be huge.
People who predict the future are always wrong, but I have stated since the inauguration (coronation) that the wheels would fly off this thing within 6-months.
It might just happen sooner.
I don’t remember FReepers saying that, although some articles that are posted certainly say he’s some kind of superhero. The fact is that if the Dims didn’t have so many caucus states, where the Chicago thugs could get Zer0 votes by intimidation, and McCain hadn’t stupidly “suspended” his campaign during the bailout “crisis” while Zer0 merely stayed on cruise control, the White House might have a different occupant now. Lucky schmuck with a gift of gab, in the right place at the right time.
Frank Rich is carrying on like a, well, like a gay theater critic with a snake up his pantleg.
We have a government that disallows one member of it being utterly necessary- we can survive without Obama, he’s not a dictator just yet.
I couldn’t believe the way Dennis Miller was sucking Stewart’s ass on O’Reilly the other night, constantly referring to Jon as a “mensch.” Miller can pick the friends he wants but I can think of a few other Yiddish tags that I’d rather put on Stewart.
Policy smarts? Are you kidding Frankie boy? As for political gifts, that has yet to be completely reveled. I am guessing that some of those gifts could be very embarrassing for the anointed one. Just how many and how much of those gifts were from AIG? (Those are the only "political gifts" this dufus has, believe me.)
They are made from the same Marxist cloth, after all.
I’m a “Birther” too!
> Not holding my breath, but the collateral damage to the Dems of revealing that he is not qualified to hold the office would be huge.
Depends on how the Dems play it, ay. They could decide to get onto the front foot and “discover” that the B/C copy they had seen was false or counterfeit, and that they had been “deceived” — thereby throwing His Excellency under the bus.
Or depending upon their Party discipline, they might be able to make sure that he gets nothing accomplished — not sure how that works in the US, but we’d call that “white anting” here in NZ...
Things could get really interesting in the next few months!
Obama on Leno as the economy falters = Obama’s “My Pet Goat” moment!
When will we see THAT in a Michael Moore movie?
The race card has been overplayed and the American people are ticked off.
Let the race card continue to be played and the backlash will continue to grow.
while cracks in the dam are forming, there are still enough useful idiots in the media that will quickly plaster them long enough for Obama to weather the storm. I am just waiting for birak to replace Gibbs with Queef Ogreman as his press secretary.
O'Reilly is a jerk who hates the Conservative movement.
Leibowitz is a schmuck whose propaganda is largely responsible for the obamatron mentality that is pervasive in my generation.
My media hero is Mark Levin, and he will most likely stay that way.
Listen from 92:48 to 100:19 here:
Check these out when you have the time:
Unless and until Barack Obama addresses the full depth of Americans anger with his full arsenal of policy smarts, of which, he has none, and political gifts, those, of which, are quite useless, his presidency and, worse, our economy will be paralyzed.
“As Freud said, Sometimes a cigar is just a cigar.”
I thought Clinton said that.
The Financial mess persists because :
0bama is not an executive, never was, and
0bama cannot make a decision.
Is this the same Frank Rich who dumped on Bush?
BTW, wasn’t Chris Dodd and Obama teh two politicians who received the most money in campaign contributions from AIG?
They will do what Clinton did and bomb a drug company in Afgahanistan. Even the Iranians know this guy is not capable of carrying any weight with the public shown by them giving him the finger for his peace offering...
HEY4QDEMS- great screen name.
Tend to agree with your tin foil outlook about bailing out the NY Times.
Presently, better (less slanted) reporting seems to come from London or Moscow.
Not really. The NYT is trying to tell the President he’s screwing up big time. They occasionally did the same with Clinton. This is basically how the press talks to any President but especially one of their own who they think is making a serious mistake.
John Stewart is a comedian, not a financial thinker.
This whole mess is attributal to Democrats, from Jimmy Carter, to Clinton, and yes Barney Frank and Dodd. And, that lawyer for Acorn, Barry 0bama, who sued banks to force lenders to give money to unqualified borrower’s. These Democrats forced Banks to fulfill their policy of a house for every person. A bubble was created. Debt “Insurance Policies” issued by AIG and the like were not enough to prevent the expected crash. I suspect the Bankers have more than enough dirt on the Politicans
The dirty little secret, Obama told Leno on Thursday, is that most of the stuff that got us into trouble was perfectly legal. An even dirtier secret is that a prime mover in keeping that stuff legal was Summers, who helped torpedo the regulation of derivatives while in the Clinton administration. His mentor Robert Rubin, no less, wrote in his 2003 memoir that Summers underestimated how the risk of derivatives might multiply under extraordinary circumstances.
As the nations anger rose last week, the president took responsibility for whats happening on his watch more than he needed to, given the disaster he inherited. But in the credit mess, action must match words. To fall short would be to deliver us into the catastrophic hands of a Republican opposition whose only known economic program is to reject job-creating stimulus spending and root for Obama and, by extension, the country to fail. With all due deference to Ponzi schemers from Madoff to A.I.G., this would be the biggest outrage of them all.
This is truly an astonishing opinion piece from one of the stalwarts of the reflexive left appearing on Sunday, no less, in the New York Times. One hardly knows where to start to identify the most startling admissions in it.
Reflecting on the piece seems to me that the motivation for it comes in the last paragraph. Here Rich says, "To fall short would be to deliver us into the catastrophic hands of a Republican opposition whose only known economic program is to reject job-creating stimulus spending and root for Obama and, by extension, the country to fail." In other words, Rich thinks that the only solution for the financial crisis is a Keynesian solution. He believes the federal government must spend our way out of a recession. This is, of course, is repugnant to Reagan's historic solution to the recession he inherited and Bush's successful solution for the recession he inherited. The conservative solution is to cut taxes to stimulate the economy. Essentially, Rich wants us to try socialism.
Rich is saying here that it is immaterial if history teaches that socialism has failed every time it's tried. He is saying that it has only failed because the wrong socialists were in charge. The program that Obama is undertaking is not wrong but it's implementation by Obama and especially by Obama's appointees has failed. So in the face of the evidence to the contrary the underlying Obama/Keynesian thesis is correct. Only it's implementation has failed. In fact, the problem is not wholly implementation but largely perception. Obama and his administration must realize they have a perception problem and get out in front of it.
Rich senses that the economy is spinning out of control as is the perception of the Obama administration and its thesis for dealing with the financial crisis is spinning out of control. He wants the blame where it belongs, on the Bush administration. But he admits in one of the most damning admissions seen recently in the New York Times that the derivatives-the real cause of all our plight, and this was torpedoed by the Clinton administration. He knows that none of this can withstand scrutiny. Rich is telling us that Obama has put the wrong socialists in charge of socialism
Frank Rich is terrified that the collapse of the economy will prove to be a collapse of the Keyes/Obama plan. If the country believes that the plan failed, it means that socialism failed. This is precisely the opposite of the fundamental premise of the Obama administration: capitalism failed and the government must save us.
“I know Im having a tin foil moment but here goes.
The NYT is being encouraged by Rats to write some articles criticle of Dems and the POTUS so it wont look so scandalous when congress endows them with bailout cash.”
I’ll share the tinfoil with you.....because I tend to believe the same.