barack obama

[sammmo]

History is being made today by barack obama.. will it be good or bad for the world? Could it be that the financial turmoil that is effecting the whole world was brought to light just recently because the powers that be at the moment wanted as rough a start to the new administration? or am i just an old sceptic

[Davethedog]

No your being an idiot

[beejay1124]

what about jens catflap-now that will surely go down in the annuals of history

[sammmo]

thanks davethedog.. i'm glad you told me that.. obviously you must actually know George bush would never do or instigate anything like that.. are you a mate of his or are you in the CIA or something?

[123everton]

I don't think he'll make a hapeth of difference, politicians never do.
ll these people jumping up and down with glee they're the idiots, politicians only ever serve themselves we get the scraps.
I'm a Labour voter through and through but when Blair got voted in the only thing that pleased me was we'd got rid of the Tories, the sleaziest bunch of crooks, liars, perverts and adulterers of the last century.

[Davethedog]

So your saying that the Americans bought down the entire banking system so that Obama coukd have a "rough start".

Not forgetting that the roots of the whole thing started under a Democrat president.

That they bought thier own economy to the point of total collaose so that Obama coukd have a "rough start"

Understand that people in the media had been warning for years that it was going to happen.

It didn't "just come to light" When Gordon Brown was chancellor he was warning about debt in the finace system and all he was doing was echoing think tank.

And lastly you think the Republicans wanted this to come to notice under their stewardship.

As I said your an Idiot

[sammmo]

davethedog... I have always thought that people like you ...who call other people names because they have said something that you personally did'nt think was correct..are actually the idiot...but to actually call me an idiot twice that makes you a pratt

[sammmo]

as the quite elequant davethedog pointed out this has been talked about for years..the bubble had to burst at some time..why not years ago when the media first warned everyone about it.. surely there must have been reasons for the governments to turn a blind eye to all of this.. why now?

[terambulan]

I wonder if Barak can sing.....he could make some motown records and boost world-finances?

[Davethedog]

Sammo - Do you seriously not understand this?

If not why are you questioning it.

Very simply put.

People wer encouraged to buy on credit - in the 1990's the US government put through a bill that enabled people on low incomes to buy their own homes.

Credit cards became prevelant.

Amerivan banks kept lending further and further down the scale.

Banks took on other banks debts, however these were paper debts.

Finaly somewhere in America one small bank had a run and it didn't have the money to pay so it called its debts they defaulted and it started to roll.

Banks refused to lend money to ther banks because they couldn't be sure that they were not for toxic debt.

Its far more complicated than this and I cannot explain it all.

It was a house built on sand and it actualy started 3 years ago but it has taken time Obama wasn't even a candidate when it started.

[Davethedog]

Sammo - you make it sound like you think its a conspiracy against Obama its not.

And the same people who are going to "sort it out" will be doing so if Fred Flintstone was elected.

[sammmo]

I'm not saying that the financial turmoil was a big conspiracy against obama..as you say it started long ago..but why did the bubble happen to burst when it looked like there was a chance that there was going to be a change of administration ,,when all the polls were pointing in obamas direction this turmoil just raised its head.. it's been said it all stems from america so all eyes will be looking at obama to try to put this all right.. if he succeeds he will go down as a hero and if he fails he will be seen as a flop.. he's in a terrible position.. this had to come to light at some period of time.. for it to come out now is in my opinion an attempt to make him become a flop..

[sammmo]

personally i will love to see this man succeed in doing everything he says he will do..i actually think he will be a great president.. he cannot and should not fail..

[bluemystique]

I have read and found quite the comic in some of these answers..in regards of terambulan's remark that if Obama could sing he could make motown records and boost the world finances...and he should have gotten Michael Jackson for a vice president...Janet Jackson could battle with Oprah Winfrey for most popular...I have heard some pretty crazy comments on past presidential elects but this one will top them all for Amearica.. and further ..Gee I wonder what Americans thought when they woke up and owned an insurance company one day...A.I.G....and borrowed the money from where to get it??? Billions at that...Gee all the Americans who got into the credit frenzy from the 90's..when they missed payments and lost their credit,, the banks did not care...however when the banks get bad credit they get bailed out...there's a thought. Gee...who has it rough...I think the Americans probably do...their government is more than a media comic...it's more like stand comedy live...