Reply #24: Your Points Are Very Valid

[KharmaTrain]

...and my point here is to discuss and not "cheerlead" nor come up with excuses. Many looked at Obama as being anti-corporate...he wasn't and it became even clearer when he supported (with many other Democrats) the TARP bail-out. And I supported it as the alternative was a full financial collapse that (while my inner anarchist would love to see it all come crashing down) had to be dealt with immediately and Obama went to the "tried and true"...or at least those he felt know "the system" and "the game" to prevent the markets and banks from totally imploding.

If Obama has shown a major weakness so far, it's his ability to get rolled and played by those he sticks his neck out for. He hoped by bailing out the banks this would open spigots on the credit front and go towards wiping out the large debts that are at the heart of this recession/depression. He got played...but himself in a weak position in the get-go to push reforms and now that the "crisis" has supposedly died down, the urgency for regulation, or should I say re-regulation is far less.

When Obama was elected, I saw how high expectations were and also those just chomping to take him down...see him fail. Many on his left were pushing for a big agenda of things...not just healthcare but also card check and DADT and reforming the military and so on...while those on the right, as we know, will criticize him for what he had for breakfast this morning. The biggest mistake President Obama can make right now is taking the attitude that if he pisses off both ends that somehow he's found the middle ground. It's weakening him instead.

Cheers...