Reply #16: Goldman Sachs is currently repaying its TARP money. Bad example.

[Occam Bandage]

GM's restructuring will cause it to lose jobs, yes. It will lose far fewer jobs than if the bankruptcy was not being shepherded by Obama. When Northwest went under, we lost tens of thousands of jobs (including mine), the mechanics' union was busted for good, and more or less everyone got their pay and benefits cut in half. GM's fate will be better, but you cannot possibly demand Obama single-handedly protect GM from the natural result of thirty years of bad business practices.

It's noteworthy that your complaints are not about the effectiveness of Obama's recovery package--even Krugman has recently admitted that things are getting better faster than anyone expected. The complaints are more or less that rich people are rich. While a healthy heaping of class warfare is admirable, reordering America's class structure was never Obama's goal. He's a Democrat, not a Communist.

(And had Obama nationalized the banks, you would today be correctly complaining that Obama forced the taxpayer to take on 100% of the debt of banks, and that did nothing to fix the economy.)