Business Leaders "Scared of Tea Party Economics"???

[DemocracyInaction]

Was rushing through Border's last week. A magazine called (I think) "Bloomberg Newsweek" caught my eye--big pic of Palin and words about business/corporate America scared to death of the Tea Party, etc. Able to flip open and read a few paragraphs. In a nutshell: while they love the idea of limited government (don't regulate me so that I might more easily rape you), they are scared to death that Tea Party economics would totally collapse the American Economy. Geee, you mean the Tea Party isn't going to create a zillion jobs, pay off the debt in 2 days, have a government that works for $0 a day and put ya' into a new job and a new house overnight?????---oh, America, your run of "damn dumb and damn proud of it" is about to pay it's final fruits and you are not going to like it......

[dkf]

1. Frankly anybody who opposed the bank bailout would have collapsed the economy

That is probably both the far left and far right.

[ixion]

3. LOL.. the daylight robbery didn't save the economy, it only enriched Wall St. and the politicians

Sure, if you pump enough printed money into the system, on the short term, it will appear not to be DOA, but that doesn't change what it really is: Underwater in a big, big way.

We've been gaming the system since the junk bond days of the 80's, and that continues today. The longer we do it, the worse it will be when the correction comes -- and it will come, guaranteed.

[emulatorloo]

6. You know that the Govt got the TARP money back, right? Bloomberg:"Wall Street Bailout Returns 8.2%"

Wall Street Bailout Returns 8.2% Profit Beating Treasury Bonds
By Yalman Onaran and Alexis Leondis - Oct 20, 2010 9:55 AM CT

The U.S. government’s bailout of financial firms through the Troubled Asset Relief Program provided taxpayers with higher returns than yields paid on 30- year Treasury bonds -- enough money to fund the Securities and Exchange Commission for the next two decades.

The government has earned $25.2 billion on its investment of $309 billion in banks and insurance companies, an 8.2 percent return over two years, according to data compiled by Bloomberg. That beat U.S. Treasuries, high-yield savings accounts, money- market funds and certificates of deposit. Investing in the stock market or gold would have paid off better.

>MORE AT LINK<

http://www.bloomberg.com/news/2010-10-20/bailout-of-wall-street-returns-8-2-profit-to-taxpayers-beating-treasuries.html

[dionysus]

7. don't disturb someone's alternate reality, it isn't nice.

;)

[DemocracyInaction]

8. The sounds of silence

Reid brought this up in a late night interview last night with Lawrence O'Donnel........here is an example of Dem leadership (including Obama) being to damn stupid to blare this out on the airwaves morning, noon, and night. M/M Dumbass America don't know this. They think the money is all gone for good and that they will have to pay the bill forver.

[ixion]

10. why all the politcal hacks are patting themselves on the back (and profiting handsomely)

our economy is in ruin, and the longer it remains in this state, the worse the correction will be. This is simple macro-economics, sans political spin.

[ixion]

9. my premise is that the economy has not been saved

and I will stand by that premise until I see a real indication that something has actually changed.

[Proud Liberal Dem]

2. So, I guess the fact that the Democrats actually want to run

a responsible government and PREVENT a collapse of the American economy (which they've actually helped do during the past 2 years) counts for something with these cretins.......now they tell us- after actually help fund all of these loons???? :banghead: A viable, operational "free market" system can't survive a total economic collapse nor an anarchic, dysfunctional system of government and you would think that they'd be *smart* enough to at least understand THAT (but I guess not).

I sure hope they come (back) to their senses in 2012 because by funding these loons this year and giving them a way (back) into power, they've virtually ensured that the next two years are going to be miserable for everybody---including THEM! :banghead:

[BeFree]

4. Yep

It has been instilled, even into some DUers, that the Tea party is some great force.

It is not.

People, fear not the tea party, for it cools as we speak. It is just sound and fury signifying nothing. Please, don't get caught up in the propaganda.

[OHdem10]

5. There is no difference between GOP Conservative Economic Fundamentalism

and the Tea Party Economics. TeaBaggers just tell
the specifics while GOP want to speak in Generalities
and not get specific.

Someone should tell these Concerned Businessmen
"you are absolutely right to be concerned. Now tell
your COC and K.Rove to pull the ads destroying the
Democrats and any Republican who does not buy into
the Ecoomics which frighten you and your Business Colleagues.