Reply #51: Why isn't Obama forcing Wall Street to restructure.

[blue_onyx]

TARP funds have been handed out since he came into office and yet he isn't forced these companies to restructure before getting money. These banks aren't even doing what they're suppose to do (start lending) and we still keep giving them money. It's BS to say that our economic can't survive without these financial institutions. There are other banks and insurance companies. It seems to me, since Obama came into office, many on DU have shifted from a "let them fail" perspective to a "they must be saved" perspective. I guess some will say anything to support everything Obama does.

If you really think it's a "divide-and-conquer tactic engineered by the right wing noise machine" then you should come to Detroit. I live in a county that voted 74% Obama and people are pissed about the double standard. I hope Obama knows what he is doing because he is gambling his re-election on it.

"but we could get along just fine without GM. The job losses would be terrible but putting aside the nonsense scare tactics about building tanks for WWIII, we don't actually fundamentally need to build cars in the U.S."

You don't think our country needs to make anything? We're slowly becoming a country of burger flippers and people who make money by pushing numbers around. GM disappearing would devastate our country's economy, particular the Midwest. My state of Michigan thanks you for your consideration.