Obama on Leno

onegunguitar · Post by **onegunguitar** » Fri Mar 20, 2009 12:46 pm

Part 1
http://www.youtube.com/watch?v=3UqBCBHfHA0
Part 2
http://www.youtube.com/watch?v=2TU1rTBoWu4
Part 3
http://www.youtube.com/watch?v=OSz7uRvwmIk

songsmith · Post by **songsmith** » Fri Mar 20, 2009 3:16 pm

I thought he did well. Disproved the whole teleprompter angle Rush has been attempting (El Rushbo is on el ropes-bo over his support for AIG bonuses, and needs to divert attention). He explained the banking crisis EXTREMELY well, and showed a command of it that NONE of his detractors can even touch.
I bet he gets shit over the quick reference to his "Special Olympics" bowling skills, though. I'd have made the same reference, but I'm not the president, so I don't have to worry as much about being insensitive, I can be a boorish lout at will.--->JMS

Banned · Post by **Banned** » Fri Mar 20, 2009 4:07 pm

songsmith wrote:I thought he did well. Disproved the whole teleprompter angle Rush has been attempting (El Rushbo is on el ropes-bo over his support for AIG bonuses, and needs to divert attention). He explained the banking crisis EXTREMELY well, and showed a command of it that NONE of his detractors can even touch.
I bet he gets shit over the quick reference to his "Special Olympics" bowling skills, though. I'd have made the same reference, but I'm not the president, so I don't have to worry as much about being insensitive, I can be a boorish lout at will.--->JMS

When will he get over bankrupting the future of this country, and making the value of the dollar plummet on the world market? Or do you just care that he can explain it smoothly?

Liberals....all style over substance everytime.

JackANSI · Post by **JackANSI** » Fri Mar 20, 2009 4:22 pm

Republicans/LIbertarians... Back-seat drivers and monday morning quarterbacks...

lonewolf · Post by **lonewolf** » Fri Mar 20, 2009 4:23 pm

Here's a link that works:

http://www.nbc.com/The_Tonight_Show_wit ... 9/1067541/

onegunguitar · Post by **onegunguitar** » Fri Mar 20, 2009 4:36 pm

Thanks Lonewolf,the links I put up worked this morning,haha!!

lonewolf · Post by **lonewolf** » Fri Mar 20, 2009 4:51 pm

songsmith wrote:He explained the banking crisis EXTREMELY well, and showed a command of it that NONE of his detractors can even touch.--->JMS

He barely mentioned it. He mentioned "toxic assets" once, but it was only in context for one sentence. He did not fully explain why the banks need cash and if that was his full explanation of the subject, then he doesn't even understand the problem.

f.sciarrillo · Post by **f.sciarrillo** » Fri Mar 20, 2009 4:56 pm

That was the biggest display of butt kissing I have ever seen. I laughed when he reached to drink out of lenos cup ...

songsmith · Post by **songsmith** » Fri Mar 20, 2009 5:25 pm

Perhaps I can break it down for you. In 2000, the GOP-controlled Congress re-legalized the practice of Credit Default Swaps, which allowed banks to sell bad loans they would never get repayed, but once they're sold, it's not the banks' problem anymore. AIG, an insurance company, underwrote those loans, and everything was hunky-dory as long as the economy kept humming along. Then, to quote a smart dude, the wheel fell off. The chickens came home to roost in 2007, and when petro and everything moved by petro exploded in price in 2008, the bubble burst. (I would point out, at this point, that the GOP pundits, and even the GOP prez candidate, maintained that the economy was "strong," and encouraged more deregulation.) In Sept/Oct, the bottom fell out, and a bailout was ordered by Republicans and Democrats alike (in fact, it was to be the Hail Mary that saved the Bush legacy). More than 700 billion dollars were given to the banks, which instead of loaning to business and private concerns, the banks kept for their own working capital, or used to buy other banks.
Then Obama was elected president.
During the election, the conservertarians claimed that Obama had zero experience, and did absolutely nothing while in Congress. Now, of course, the banking crisis is all Obama's fault. The pundits don't understand why Americans don't want to give the guys who caused the crisis each a million dollars. Most Americans do not live in a castle in a gated community, and have a vastly less-skewed view of compensatory fairness. If I bankrupt my company, I get a pink slip, not a million dollars.
There, now you're up to speed. Spin as needed.--->JMS

Blue Reality · Post by **Blue Reality** » Fri Mar 20, 2009 5:33 pm

Guys this will never get solved until Left and Right step up to the plate and accept blame where its due. The factors that lead to Banking Crisis began under Clinton. Ex-Presidents Dem and Rep share blame as do both Congress and Senate Dem and Rep. It's that simple. Who wants to admit the failure of their respective parties and step up to the plate???

songsmith · Post by **songsmith** » Fri Mar 20, 2009 5:41 pm

Don't forget the guys at the banks who authorized it and pulled it off.--->JMS

lonewolf · Post by **lonewolf** » Fri Mar 20, 2009 5:55 pm

songsmith wrote:Perhaps I can break it down for you. In 2000, the GOP-controlled Congress re-legalized the practice of Credit Default Swaps, which allowed banks to sell bad loans they would never get repayed, but once they're sold, it's not the banks' problem anymore. AIG, an insurance company, underwrote those loans, and everything was hunky-dory as long as the economy kept humming along. Then, to quote a smart dude, the wheel fell off. The chickens came home to roost in 2007, and when petro and everything moved by petro exploded in price in 2008, the bubble burst. (I would point out, at this point, that the GOP pundits, and even the GOP prez candidate, maintained that the economy was "strong," and encouraged more deregulation.) In Sept/Oct, the bottom fell out, and a bailout was ordered by Republicans and Democrats alike (in fact, it was to be the Hail Mary that saved the Bush legacy). More than 700 billion dollars were given to the banks, which instead of loaning to business and private concerns, the banks kept for their own working capital, or used to buy other banks.
Then Obama was elected president.
During the election, the conservertarians claimed that Obama had zero experience, and did absolutely nothing while in Congress. Now, of course, the banking crisis is all Obama's fault. The pundits don't understand why Americans don't want to give the guys who caused the crisis each a million dollars. Most Americans do not live in a castle in a gated community, and have a vastly less-skewed view of compensatory fairness. If I bankrupt my company, I get a pink slip, not a million dollars.
There, now you're up to speed. Spin as needed.--->JMS

That's a nice story, but like Moronobama, it does not explain the problem in any way, shape or form.

After spending the best part of 30 years as a very successful problem solver in the private sector, the 1st and most important thing that I learned was that you cannot find a solution to a problem until you fully understand and accurately define the problem. I see a lot of talking heads, but very few even have a clue as to what the problem is. CNBC is nothing but a network of financial cheerleaders (except for Rick Santelli.)

BTW, credit default swaps were never illegal. Bill Clinton did sign a law in 2000 that made them nearly exempt from regulation and that was the law of the land during your whole story. I'm not sure if the clueless imbeciles in Congress have changed that recently or not. Probably not. They are more qualified as weather vanes than financial regulators.

Blue Reality · Post by **Blue Reality** » Fri Mar 20, 2009 6:03 pm

Yep Songsmith and many of "us" too. My wife and I moved our business in 2005 and took a loan we would not have gotten today. I saw bad times ahead a couple of years ago and began to restucture or business and were doing "well" right now. But we took on a level of risk depending on the economy to keep moving foward. And thank God I had a lot of previous experience in business to adjust and make smart moves.

I've always payed my taxes, never been on unemployment and worked hard all my life. But I'm one of those people who took on a risky mortgage and the Bank was happy to give it to me. I knew it too. If things really hit the fan, I might lose my house, business and have to start all over again. So I am part of the problem...

It has to start there. People have to own their shit. There's too much of getting away with shit because we can and then shifting blame or pointing fingers to shift focus to someone else.

JayBird · Post by **JayBird** » Fri Mar 20, 2009 6:12 pm

I hate politics and stay clear of it...however...I was interested in watching Leno last night. I laughed my ass off when he compared his bowling skills to Special Olympics, then I thought...oops...shouldn't have said that! I'm sure he'll get some backlash for it.

f.sciarrillo · Post by **f.sciarrillo** » Fri Mar 20, 2009 6:52 pm

songsmith wrote:Perhaps I can break it down for you. In 2000, the GOP-controlled Congress re-legalized the practice of Credit Default Swaps, which allowed banks to sell bad loans they would never get repayed, but once they're sold, it's not the banks' problem anymore. AIG, an insurance company, underwrote those loans, and everything was hunky-dory as long as the economy kept humming along. Then, to quote a smart dude, the wheel fell off. The chickens came home to roost in 2007, and when petro and everything moved by petro exploded in price in 2008, the bubble burst. (I would point out, at this point, that the GOP pundits, and even the GOP prez candidate, maintained that the economy was "strong," and encouraged more deregulation.) In Sept/Oct, the bottom fell out, and a bailout was ordered by Republicans and Democrats alike (in fact, it was to be the Hail Mary that saved the Bush legacy). More than 700 billion dollars were given to the banks, which instead of loaning to business and private concerns, the banks kept for their own working capital, or used to buy other banks.
Then Obama was elected president.
During the election, the conservertarians claimed that Obama had zero experience, and did absolutely nothing while in Congress. Now, of course, the banking crisis is all Obama's fault. The pundits don't understand why Americans don't want to give the guys who caused the crisis each a million dollars. Most Americans do not live in a castle in a gated community, and have a vastly less-skewed view of compensatory fairness. If I bankrupt my company, I get a pink slip, not a million dollars.
There, now you're up to speed. Spin as needed.--->JMS

*me hands you the violin to play along with the liberals.* Once again we get the look what was handed down to us. Obama said one thing right last night, and that was that this is all on his shoulders now, no matter what. So when he is not re-elected we will know why.

songsmith · Post by **songsmith** » Fri Mar 20, 2009 6:57 pm

f.sciarrillo wrote:*me hands you the violin to play along with the liberals.* .

Spin as necessary.

Called it. Again.---->JMS

f.sciarrillo · Post by **f.sciarrillo** » Fri Mar 20, 2009 7:31 pm

All this talk about spinning is just what the liberals are doing. Trying to spin opinions to dislike the gop. Look at Obamas rating, it is dropping like a stone. Could it be that people know what he said is a bunch of bs? or finally realized that it is a bunch of bs?

JakeWilliams · Post by **JakeWilliams** » Fri Mar 20, 2009 10:57 pm

songsmith wrote:...

I thought I understood the situation pretty well. But I could never have explained it that well and in a way so easily understood.

Nice...

But to keep this on-topic...

In the interview, I thought Obama genuinely seemed like a guy who was concerned about the USA and wanted to do everything in his power to fix the problems he inherited. He acknowledged that he was trusting his appointees to make and recommend decisions for him, but also was willing to take ultimate responsibility.

All in all, I'm liking that approach a little better than the last 8 years.

JackANSI · Post by **JackANSI** » Sat Mar 21, 2009 7:54 pm

RobTheDrummer · Post by **RobTheDrummer** » Sat Mar 21, 2009 9:35 pm

It's funny that when he talks, people think he's so great. But what he had done is a completely different thing.

Baceman Spiff · Post by **Baceman Spiff** » Sun Mar 22, 2009 7:00 am

Around 18:40 in the NBC video, Jay asks him about being sued by the bonus recipients. Now there is part of Obama's answer that really stands out to me.

The President said "They were making a legal calculation. And their legal judgment was not necessarily wrong, but there is a moral and ethical aspect to this as well" My question is, doesn't legal trump both moral and ethical in a court of law?

Anyway I thought Jay's "We're broke, so sue us!" joke was funny.

DirtySanchez · Post by **DirtySanchez** » Sun Mar 22, 2009 6:17 pm

Baceman Spiff wrote: My question is, doesn't legal trump both moral and ethical in a court of law?

:

Only if you have a moral and ethical judge.

What are the odds?

Banned · Post by **Banned** » Sun Mar 22, 2009 6:23 pm

DirtySanchez wrote:
Baceman Spiff wrote: My question is, doesn't legal trump both moral and ethical in a court of law?

:
Only if you have a moral and ethical judge. What are the odds?

Classic Response Thread of the Year, nomination.

JakeWilliams · Post by **JakeWilliams** » Sun Mar 22, 2009 7:31 pm

RobTheDrummer wrote:It's funny that when he talks, people think he's so great. But what he had done is a completely different thing.

Dude's only been president for 3 months... What do you expect?

rockpage.net

Obama on Leno

Obama on Leno

?????????

Yep