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[Field Marshal Dr. Opti]

Did anyone watch this last night?.
Interesting stuff......Simon Schama illustrated how a lack of initial regulation.....followed by even further deregulation led to the crisis in the American financial system.
The problems seem to start when governments ....both British and American "cosy up" ....far too much with the financial institutions.
Unfettered free market capitalism....sounds good ...but we have all seen where it can lead.
I really hope that Obama takes the opportunity to come down heavily on the banks......they need to be held to account.
FDR.....in his 1936 speech at Madison Square Garden......said of the American financial institutions........."They are unanimous in their hatred for me.......and I welcome their hatred.
Obama could learn a lot from this Guy. He is a Democrat ......I hope  he is brave enough to make the big decisions......

[cem_devecioglu]

"not available in your area" :-?

message from BBC when I tried to watch.. :-/

back to the subject,  things are changing also in America    but not as fast the world is expecting..

Obama is a good step for USA..  at least both white and black voted him together to defeat ..............      but actually looking in his class, he is a black man (not totally) ,belonging to the class of rich white..

and as I said before has to follow the rules of "black book" written by the rich .. So dont expect too much from him.. :-/

[Field Marshal Dr. Opti]

"not available in your area" :-?

message from BBC when I tried to watch.. :-/

back to the subject,  things are changing also in America    but not as fast the world is expecting..

Obama is a good step for USA..  at least both white and black voted him together to defeat ..............      but actually looking in his class, he is a black man, (not totally) belonging to the class of rich white..

and as I said before has to follow the rules of "black book" written by the rich .. So dont expect too much from him.. :-/

......agreed.... on both points Cem...........I doubt  he will rock the American financial boat much (sadly)...and history will probably repeat itself in the near future. :-/ :-/ :-/
But never mind.......so long as all the American bankers receive a large and well deserved bonus...... ...(sarcasm) 

[Nickbat]

Did anyone watch this last night?.
Interesting stuff......Simon Schama illustrated how a lack of initial regulation.....followed by even further deregulation led to the crisis in the American financial system.
The problems seem to start when governments ....both British and American "cosy up" ....far too much with the financial institutions.
Unfettered free market capitalism....sounds good ...but we have all seen where it can lead.
I really hope that Obama takes the opportunity to come down heavily on the banks......they need to be held to account.
FDR.....in his 1936 speech at Madison Square Garden......said of the American financial institutions........."They are unanimous in their hatred for me.......and I welcome their hatred.
Obama could learn a lot from this Guy. He is a Democrat ......I hope  he is brave enough to make the big decisions......

The alternative non-BBC viewpoint:

“President Roosevelt believed that excessive competition was responsible for the Depression by reducing prices and wages, and by extension reducing employment and demand for goods and services. So he came up with a recovery package that would be unimaginable today, allowing businesses in every industry to collude without the threat of antitrust prosecution and workers to demand salaries about 25 percent above where they ought to have been, given market forces. The economy was poised for a beautiful recovery, but that recovery was stalled by these misguided policies.”

http://blogs.telegraph.co.uk/news/danielhannan/100022152/the-republicans-must-prevent-america-repeating-the-mistakes-of-the-1930s/

[threppence]

If you want to know what Obama will do take a look at his financial advisors in his gov't.All from Wall Street or the Fed.

Don't expect anything other than a sound bite "I;m taking them on to get your money back" followed by some watered down policy change, if that.

Wall Street were Obama's biggest contributors in the Presidential election campaign.

Money just doesn't talk it screams in U.S. politics.

[Field Marshal Dr. Opti]

If you want to know what Obama will do take a look at his financial advisors in his gov't.All from Wall Street or the Fed.

Don't expect anything other than a sound bite "I;m taking them on to get your money back" followed by some watered down policy change, if that.

Wall Street were Obama's biggest contributors in the Presidential election campaign.

Money just doesn't talk it screams in U.S. politics.

Yep......this is a problem ......both here and in the U.S...... :-/ :-/

[Field Marshal Dr. Opti]

Did anyone watch this last night?.
Interesting stuff......Simon Schama illustrated how a lack of initial regulation.....followed by even further deregulation led to the crisis in the American financial system.
The problems seem to start when governments ....both British and American "cosy up" ....far too much with the financial institutions.
Unfettered free market capitalism....sounds good ...but we have all seen where it can lead.
I really hope that Obama takes the opportunity to come down heavily on the banks......they need to be held to account.
FDR.....in his 1936 speech at Madison Square Garden......said of the American financial institutions........."They are unanimous in their hatred for me.......and I welcome their hatred.
Obama could learn a lot from this Guy. He is a Democrat ......I hope  he is brave enough to make the big decisions......

The alternative non-BBC viewpoint:

“President Roosevelt believed that excessive competition was responsible for the Depression by reducing prices and wages, and by extension reducing employment and demand for goods and services. So he came up with a recovery package that would be unimaginable today, allowing businesses in every industry to collude without the threat of antitrust prosecution and workers to demand salaries about 25 percent above where they ought to have been, given market forces. The economy was poised for a beautiful recovery, but that recovery was stalled by these misguided policies.”

http://blogs.telegraph.co.uk/news/danielhannan/100022152/the-republicans-must-prevent-america-repeating-the-mistakes-of-the-1930s/

An interesting point of view Nick......which in part...though certainly not all.....I agree with.

[redelitev6]

why do people insist on calling him black? a"proper" black would have no chance of being elected

[albitz]

terribly sorry old boy, I am a little tired 

[Pitchfork]

If you want to know what Obama will do take a look at his financial advisors in his gov't.All from Wall Street or the Fed.

Don't expect anything other than a sound bite "I;m taking them on to get your money back" followed by some watered down policy change, if that.

Wall Street were Obama's biggest contributors in the Presidential election campaign.

Money just doesn't talk it screams in U.S. politics.

The add Religions to the equations. Why is it that practically all Americans seem to believe in one God or another?
Are there any Agnostics or Atheists living in the country?

[Varche]

He has just suggested a tax on the American banks of 75 billion pounds to get back every dime owed to the taxpayer.

I hope our spineless government do the same. As I have said before the misery showered down on people from the banks needs restitution not a token gesture.

[Dishevelled Den]

......I hope  he is brave enough to make the big decisions......

......I hope  he is brave enough to make the big decisions..


Talk's cheap Opti, whisky costs money - as Obama has discovered.

The reality between the fine rhetoric so often displayed during the electoral process seems to have had some distinctly unwelcome effects when reality bites.


But as GOPers focus on taxes and spending, that message seems to be causing Obama the most harm. Among those who believe Obama's policies have moved the country in the wrong direction, 45% cite spending and government regulation as a top cause for their opposition.

Read here;

http://hotlineoncall.nationaljournal.com/archives/2010/01/majority_would.php


A sure sign of potential difficulty is when a politician tries to duck the media by reducing the number of face to face press conferences.


In the era of Twitter, Facebook, YouTube and blogs, the Obama Administration has been savvy about how it communicates its message and seems to agree with the previous administration on at least one point: Go around the media filter and engage directly with the U.S. public.


Read here;

http://abcnews.go.com/Politics/president-barack-obama-helda-press-conference-months/story?id=9549859

So whether he is going to be in a position to continue to push through his desired aims may just be moot as the GOP might well have a chance in the House and draw first blood on the way back to having a majority.


It is in the mind-set of the public right now: Washington’s out of control,” Cantor said. “They do not have the economic security in their life yet. The 10 months’ time [until the election] is not enough for people to regain their sense of security, no matter where this unemployment rate goes.
A newly released CNN/Opinion Research poll shows a majority of Americans disapprove of the president’s handing of every domestic issue surveyed — health care policy, the economy, taxes, unemployment and the budget deficit, some by double-digit margins


Read here;

http://www.politico.com/news/stories/0110/31481.html

[Field Marshal Dr. Opti]

......I hope  he is brave enough to make the big decisions......

......I hope  he is brave enough to make the big decisions..


Talk's cheap Opti, whisky costs money - as Obama has discovered.

The reality between the fine rhetoric so often displayed during the electoral process seems to have had some distinctly unwelcome effects when reality bites.


But as GOPers focus on taxes and spending, that message seems to be causing Obama the most harm. Among those who believe Obama's policies have moved the country in the wrong direction, 45% cite spending and government regulation as a top cause for their opposition.

Read here;

http://hotlineoncall.nationaljournal.com/archives/2010/01/majority_would.php


A sure sign of potential difficulty is when a politician tries to duck the media by reducing the number of face to face press conferences.


In the era of Twitter, Facebook, YouTube and blogs, the Obama Administration has been savvy about how it communicates its message and seems to agree with the previous administration on at least one point: Go around the media filter and engage directly with the U.S. public.


Read here;

http://abcnews.go.com/Politics/president-barack-obama-helda-press-conference-months/story?id=9549859

So whether he is going to be in a position to continue to push through his desired aims may just be moot as the GOP might well have a chance in the House and draw first blood on the way back to having a majority.


It is in the mind-set of the public right now: Washington’s out of control,” Cantor said. “They do not have the economic security in their life yet. The 10 months’ time [until the election] is not enough for people to regain their sense of security, no matter where this unemployment rate goes.
A newly released CNN/Opinion Research poll shows a majority of Americans disapprove of the president’s handing of every domestic issue surveyed — health care policy, the economy, taxes, unemployment and the budget deficit, some by double-digit margins


Read here;

http://www.politico.com/news/stories/0110/31481.html

....As usual.......some pertinent.....well observed points Zulu......