Post: Obama’s best day

| July 16, 2010

Somehow, David Shear of the Washington Post has declared that yesterday was the best day so far of the President’s term;

Thursday was, arguably, the best day of Barack Obama’s presidency in many, many months.

For the first time in more than 12 weeks, oil stopped gushing from the bottom of the Gulf of Mexico. And in a less-than-dramatic ending, the U.S. Senate gave final passage to Wall Street reform that had been proclaimed dead more times than health-care legislation.

Taken together, the twin victories provide a much-needed boost to a president who is increasingly viewed with skepticism by a public that once thought he could do no wrong.

Twin victories? Did Obama plug the well? How is BP doing something finally about the gushing leak become a victory for Obama? He’s been dodging, rightly so, any responsibility for the leak, but plugging it is a victory for him?

I can’t wait until he starts blaming someone else for the failures of his Wall Street reform – because it’s going to fall on the shoulders of us little investors to pay for regulation, probably through increased taxes and increased fees at the trading desk. We don’t know how it’ll impact us because we haven’t had a chance to read it yet.

Category: Barack Obama/Joe Biden

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PintoNag

Get ready. If they’re crowing, it’s because we’ll be paying.

Joe

Ya blame him when the well’s leaking, ya blame him when it’s fixed, ya pretty much blame him for everything, even the stuff you guys caused from 2000 on. You guys are experts at one thing – pointing fingers at everyone and anyone. You’re not to good at looking in the mirror.

Old Tanker

You guys are experts at one thing – pointing fingers at everyone and anyone

even the stuff you guys caused from 2000 on

You actually put that in the same comment, what a ri-tard….

UpNorth

I heard a local dem politico do the “Blame Bush” thing the other day, on local radio. Seems he and Joe are reading from the same playbook, still. And, Owebowma had nothing to do with the leak? How about the aftermath, there Joey boy? Did or did not the government dock the skimmers? Delay, deny the overseas skimmers? And, I’m eternally grateful that Owebowma put on the snorkel and fins and went down there and put the dome in it’s proper configuration. He’s just so ………..swell.

PintoNag

#2 Joe:
I’m not blaming President Obama, at least, not for the pipeline situation.
The economic system itself is geared to shift the brunt of the operative costs to the consumer, so that profits remain steady.
Just ask yourself this: where is the money coming from to pay for the healthcare package, and where is BP going to get the millions of dollars it took to deal with the pipeline spill?
If you have trouble answering those questions, just go look in the mirror.

Joe

Just ask yourself this: where is the money coming from to pay for the all the remote controlled drones, submarines, hummers, tanks, air tankers, and on and on and on and on and on……… It’s coming from the backs of working people who don’t get much in return.

NHSparky

Joe–we sink many times that into pork projects which never fall under Article I, Section 8 of the Constitution. Defense spendng DOES fall under that section. What we spend on defense is less than 20 percent of the federal budget, and that INCLUDES VA expenditures.

PintoNag

#7 Joe:
You are correct. We do, of course, pay for all the military hardware you mentioned. Hardware, and software for that matter, is developed for two reasons: efficiency of work, and streamlining of personnel. In other words, good machines make it possible to have fewer employees, who are able to get more work done. Here again, the system drives the principle.
The military is no different from a private business in this respect: Machines make for greater efficiency. Soldiers can do more with better equipment. None of it is cheap; our military is very often the testing ground for new technology. Could our soldiers function at a level that was more “low-tech” than they do? Of course they could. Would it mean a higher ratio of soldiers in the combat zones? I would say yes, because you would need more soldiers to do the work that the machines do now. Cost ratio? Probably higher than what it is now.
Just as a body has need of an immune system, a country has need of a military. For that military to be able to function, it must be provided for. And no form of protection is EVER cheap.

jonp

The Wall Street Journal has no comment on the new financial regs because they can’t understand it. If the WSJ can’t figure something to do with business out then we are all in big, big trouble. this 2,000+ page monstrosity is another example of DC passing stuff they have no idea on.

bman

We know one thing about the new finreg bill and that is it will cripple small town community banks that so far have been viable even though they had to pony up three years of FDIC payments to bail out the big boys. Small community banks out here in the fly over zone enable farmers and ranchers to produce food. Without them, the financing of these endevours will take a hard hit.

NHSparky

bman–goes farther than that. It kills small businesses which rely upon derivatives even here in the New England area.

Remember that when you try to pre-buy heating oil in a couple of years, kids.

UpNorth

Sparky, I’m sure Joey is grateful that you pointed out that defense is mandated by the constitution. I’d bet he slept through class the morning it was covered. He only perked up at the word “welfare”, and didn’t even get that in it’s proper context.

justplainjason

UpNorth,
I think Joey must have been out wandering in the woods the day that they covered that part of the constitution.

Smorgasbord

#2 Joe
If you saw what I see in the mirror you wouldn’t use it much either.

Every time you blame Bush you are admitting how much power he still has. Think how proud that makes him. Bush was blamed for everything right after he became president and I am guessing you were one of the blamers. Obama could be the first president who didn’t do anything wrong while in office.

How long would you take your car to a mechanic that couldn’t fix what was wrong and kept telling you it is because of what the last mechanic did?

He got his Nobel Peace Prize nomination after being in office only 11-12 days. That is when the deadline was for nominations. What a man!! We need to keep him.

Joe

Bad analogy Smorg. A nation is not a car.

Gary Walters

Joe, you fucking shmuck, no one is blaming your hero for the oil leak. It is hampering the clean up that lies COMPLETELY on his shoulders. A few Executive Orders could have allowed for the proper reources to be brought to bear. Waive the Jones Act and the EPA reg that kept the Dutch skimmer ships out. We know he has no problem ruling by dictate, it actually seems to be his prefered method. Stop having the Coast Guard interfere when Jindal attempts to protect the extremely sensitive wetlands.