Political News Highlights and Controversy

Soros says that option would have been more popular with Americans.  Steve Gilbert thinks Soros maybe means South Americans.  Like Hugo Chavez.

WASHINGTON—Billionaire investor George Soros, who helped U.S. President Barack Obama raise money for his presidential campaign in 2008, said Sunday he wasn’t happy with Mr. Obama’s handling of the financial crisis.

Mr. Soros said the government should have taken over U.S. banks instead of bailing them out, a move he suggested would have been more popular with Americans.

“The solution that he found to the financial crisis, which was to effectively bail out the banks and allow them to earn their way out of the hole, was, in my opinion, not the right solution,” Mr. Soros said in an interview with CNN. “He should have compulsorily replaced the capital that was lost.”

After taking office at the start of 2009, Mr. Obama stuck to plans implemented by his predecessor George W. Bush to rescue banks by buying toxic assets from them and injecting capital into struggling lenders.

As the financial sector recovered, the Obama administration put banks through stress tests to determine how much new capital they would need to withstand a severe recession, but steered clear of nationalizing them.

What’s interesting is that Soros is actually drawing a clear ideological parallel for us.&nbsp Many say Obama is a socialist, but really what Soros is calling for here is what socialism is.&nbsp Central government control.&nbsp If Soros had gotten his way, Obama would own the banks.&nbsp Not just have them at the end of a bailout leash.

What Obama did was put the banks into a position where he’s managing them.  The government doesn’t own the banks, but the government basically runs the banks.  And if you don’t think that’s true, remember that Obama has a “pay czar” working in his administration whose job it is to approve pay packages for bankers at the bailed out banks.

That’s not socialism.&nbsp That’s fascism.

What we should have done is called capitalism.  Let the banks fail so that they could be replaced by better banks with better business practices.

dwbens politics

Soros says that option would have been more popular with Americans.  Steve Gilbert thinks Soros maybe means South Americans.  Like Hugo Chavez.

WASHINGTON—Billionaire investor George Soros, who helped U.S. President Barack Obama raise money for his presidential campaign in 2008, said Sunday he wasn’t happy with Mr. Obama’s handling of the financial crisis.

Mr. Soros said the government should have taken over U.S. banks instead of bailing them out, a move he suggested would have been more popular with Americans.

“The solution that he found to the financial crisis, which was to effectively bail out the banks and allow them to earn their way out of the hole, was, in my opinion, not the right solution,” Mr. Soros said in an interview with CNN. “He should have compulsorily replaced the capital that was lost.”

After taking office at the start of 2009, Mr. Obama stuck to plans implemented by his predecessor George W. Bush to rescue banks by buying toxic assets from them and injecting capital into struggling lenders.

As the financial sector recovered, the Obama administration put banks through stress tests to determine how much new capital they would need to withstand a severe recession, but steered clear of nationalizing them.

What’s interesting is that Soros is actually drawing a clear ideological parallel for us.  Many say Obama is a socialist, but really what Soros is calling for here is what socialism is.  Central government control.  If Soros had gotten his way, Obama would own the banks.  Not just have them at the end of a bailout leash.

What Obama did was put the banks into a position where he’s managing them.  The government doesn’t own the banks, but the government basically runs the banks.  And if you don’t think that’s true, remember that Obama has a “pay czar” working in his administration whose job it is to approve pay packages for bankers at the bailed out banks.

That’s not socialism.  That’s fascism.

What we should have done is called capitalism.&nbsp Let the banks fail so that they could be replaced by better banks with better business practices.

dwbens politics

Soros says that option would have been more popular with Americans.&nbsp Steve Gilbert thinks Soros maybe means South Americans.  Like Hugo Chavez.

WASHINGTON—Billionaire investor George Soros, who helped U.S. President Barack Obama raise money for his presidential campaign in 2008, said Sunday he wasn’t happy with Mr. Obama’s handling of the financial crisis.

Mr. Soros said the government should have taken over U.S. banks instead of bailing them out, a move he suggested would have been more popular with Americans.

“The solution that he found to the financial crisis, which was to effectively bail out the banks and allow them to earn their way out of the hole, was, in my opinion, not the right solution,” Mr. Soros said in an interview with CNN. “He should have compulsorily replaced the capital that was lost.”

After taking office at the start of 2009, Mr. Obama stuck to plans implemented by his predecessor George W. Bush to rescue banks by buying toxic assets from them and injecting capital into struggling lenders.

As the financial sector recovered, the Obama administration put banks through stress tests to determine how much new capital they would need to withstand a severe recession, but steered clear of nationalizing them.

What’s interesting is that Soros is actually drawing a clear ideological parallel for us.&nbsp Many say Obama is a socialist, but really what Soros is calling for here is what socialism is.&nbsp Central government control.&nbsp If Soros had gotten his way, Obama would own the banks.&nbsp Not just have them at the end of a bailout leash.

What Obama did was put the banks into a position where he’s managing them.  The government doesn’t own the banks, but the government basically runs the banks.  And if you don’t think that’s true, remember that Obama has a “pay czar” working in his administration whose job it is to approve pay packages for bankers at the bailed out banks.

That’s not socialism.  That’s fascism.

What we should have done is called capitalism.  Let the banks fail so that they could be replaced by better banks with better business practices.

dwbens politics

Soros says that option would have been more popular with Americans.&nbsp Steve Gilbert thinks Soros maybe means South Americans.  Like Hugo Chavez.

WASHINGTON—Billionaire investor George Soros, who helped U.S. President Barack Obama raise money for his presidential campaign in 2008, said Sunday he wasn’t happy with Mr. Obama’s handling of the financial crisis.

Mr. Soros said the government should have taken over U.S. banks instead of bailing them out, a move he suggested would have been more popular with Americans.

“The solution that he found to the financial crisis, which was to effectively bail out the banks and allow them to earn their way out of the hole, was, in my opinion, not the right solution,” Mr. Soros said in an interview with CNN. “He should have compulsorily replaced the capital that was lost.”

After taking office at the start of 2009, Mr. Obama stuck to plans implemented by his predecessor George W. Bush to rescue banks by buying toxic assets from them and injecting capital into struggling lenders.

As the financial sector recovered, the Obama administration put banks through stress tests to determine how much new capital they would need to withstand a severe recession, but steered clear of nationalizing them.

What’s interesting is that Soros is actually drawing a clear ideological parallel for us.&nbsp Many say Obama is a socialist, but really what Soros is calling for here is what socialism is.&nbsp Central government control.&nbsp If Soros had gotten his way, Obama would own the banks.&nbsp Not just have them at the end of a bailout leash.

What Obama did was put the banks into a position where he’s managing them.  The government doesn’t own the banks, but the government basically runs the banks.  And if you don’t think that’s true, remember that Obama has a “pay czar” working in his administration whose job it is to approve pay packages for bankers at the bailed out banks.

That’s not socialism.  That’s fascism.

What we should have done is called capitalism.  Let the banks fail so that they could be replaced by better banks with better business practices.

dwbens politics

Soros says that option would have been more popular with Americans.  Steve Gilbert thinks Soros maybe means South Americans.  Like Hugo Chavez.

WASHINGTON—Billionaire investor George Soros, who helped U.S. President Barack Obama raise money for his presidential campaign in 2008, said Sunday he wasn’t happy with Mr. Obama’s handling of the financial crisis.

Mr. Soros said the government should have taken over U.S. banks instead of bailing them out, a move he suggested would have been more popular with Americans.

“The solution that he found to the financial crisis, which was to effectively bail out the banks and allow them to earn their way out of the hole, was, in my opinion, not the right solution,” Mr. Soros said in an interview with CNN. “He should have compulsorily replaced the capital that was lost.”

After taking office at the start of 2009, Mr. Obama stuck to plans implemented by his predecessor George W. Bush to rescue banks by buying toxic assets from them and injecting capital into struggling lenders.

As the financial sector recovered, the Obama administration put banks through stress tests to determine how much new capital they would need to withstand a severe recession, but steered clear of nationalizing them.

What’s interesting is that Soros is actually drawing a clear ideological parallel for us.  Many say Obama is a socialist, but really what Soros is calling for here is what socialism is.  Central government control.  If Soros had gotten his way, Obama would own the banks.  Not just have them at the end of a bailout leash.

What Obama did was put the banks into a position where he’s managing them.  The government doesn’t own the banks, but the government basically runs the banks.  And if you don’t think that’s true, remember that Obama has a “pay czar” working in his administration whose job it is to approve pay packages for bankers at the bailed out banks.

That’s not socialism.  That’s fascism.

What we should have done is called capitalism.&nbsp Let the banks fail so that they could be replaced by better banks with better business practices.

dwbens politics

Soros says that option would have been more popular with Americans.&nbsp Steve Gilbert thinks Soros maybe means South Americans.&nbsp Like Hugo Chavez.

WASHINGTON—Billionaire investor George Soros, who helped U.S. President Barack Obama raise money for his presidential campaign in 2008, said Sunday he wasn’t happy with Mr. Obama’s handling of the financial crisis.

Mr. Soros said the government should have taken over U.S. banks instead of bailing them out, a move he suggested would have been more popular with Americans.

“The solution that he found to the financial crisis, which was to effectively bail out the banks and allow them to earn their way out of the hole, was, in my opinion, not the right solution,” Mr. Soros said in an interview with CNN. “He should have compulsorily replaced the capital that was lost.”

After taking office at the start of 2009, Mr. Obama stuck to plans implemented by his predecessor George W. Bush to rescue banks by buying toxic assets from them and injecting capital into struggling lenders.

As the financial sector recovered, the Obama administration put banks through stress tests to determine how much new capital they would need to withstand a severe recession, but steered clear of nationalizing them.

What’s interesting is that Soros is actually drawing a clear ideological parallel for us.  Many say Obama is a socialist, but really what Soros is calling for here is what socialism is.  Central government control.  If Soros had gotten his way, Obama would own the banks.  Not just have them at the end of a bailout leash.

What Obama did was put the banks into a position where he’s managing them.  The government doesn’t own the banks, but the government basically runs the banks.  And if you don’t think that’s true, remember that Obama has a “pay czar” working in his administration whose job it is to approve pay packages for bankers at the bailed out banks.

That’s not socialism.  That’s fascism.

What we should have done is called capitalism.  Let the banks fail so that they could be replaced by better banks with better business practices.

dwbens politics

Soros says that option would have been more popular with Americans.  Steve Gilbert thinks Soros maybe means South Americans.  Like Hugo Chavez.

WASHINGTON—Billionaire investor George Soros, who helped U.S. President Barack Obama raise money for his presidential campaign in 2008, said Sunday he wasn’t happy with Mr. Obama’s handling of the financial crisis.

Mr. Soros said the government should have taken over U.S. banks instead of bailing them out, a move he suggested would have been more popular with Americans.

“The solution that he found to the financial crisis, which was to effectively bail out the banks and allow them to earn their way out of the hole, was, in my opinion, not the right solution,” Mr. Soros said in an interview with CNN. “He should have compulsorily replaced the capital that was lost.”

After taking office at the start of 2009, Mr. Obama stuck to plans implemented by his predecessor George W. Bush to rescue banks by buying toxic assets from them and injecting capital into struggling lenders.

As the financial sector recovered, the Obama administration put banks through stress tests to determine how much new capital they would need to withstand a severe recession, but steered clear of nationalizing them.

What’s interesting is that Soros is actually drawing a clear ideological parallel for us.  Many say Obama is a socialist, but really what Soros is calling for here is what socialism is.  Central government control.  If Soros had gotten his way, Obama would own the banks.  Not just have them at the end of a bailout leash.

What Obama did was put the banks into a position where he’s managing them.  The government doesn’t own the banks, but the government basically runs the banks.  And if you don’t think that’s true, remember that Obama has a “pay czar” working in his administration whose job it is to approve pay packages for bankers at the bailed out banks.

That’s not socialism.  That’s fascism.

What we should have done is called capitalism.  Let the banks fail so that they could be replaced by better banks with better business practices.

dwbens politics

Soros says that option would have been more popular with Americans.  Steve Gilbert thinks Soros maybe means South Americans.  Like Hugo Chavez.

WASHINGTON—Billionaire investor George Soros, who helped U.S. President Barack Obama raise money for his presidential campaign in 2008, said Sunday he wasn’t happy with Mr. Obama’s handling of the financial crisis.

Mr. Soros said the government should have taken over U.S. banks instead of bailing them out, a move he suggested would have been more popular with Americans.

“The solution that he found to the financial crisis, which was to effectively bail out the banks and allow them to earn their way out of the hole, was, in my opinion, not the right solution,” Mr. Soros said in an interview with CNN. “He should have compulsorily replaced the capital that was lost.”

After taking office at the start of 2009, Mr. Obama stuck to plans implemented by his predecessor George W. Bush to rescue banks by buying toxic assets from them and injecting capital into struggling lenders.

As the financial sector recovered, the Obama administration put banks through stress tests to determine how much new capital they would need to withstand a severe recession, but steered clear of nationalizing them.

What’s interesting is that Soros is actually drawing a clear ideological parallel for us.  Many say Obama is a socialist, but really what Soros is calling for here is what socialism is.  Central government control.  If Soros had gotten his way, Obama would own the banks.  Not just have them at the end of a bailout leash.

What Obama did was put the banks into a position where he’s managing them.  The government doesn’t own the banks, but the government basically runs the banks.  And if you don’t think that’s true, remember that Obama has a “pay czar” working in his administration whose job it is to approve pay packages for bankers at the bailed out banks.

That’s not socialism.&nbsp That’s fascism.

What we should have done is called capitalism.  Let the banks fail so that they could be replaced by better banks with better business practices.

dwbens politics

Soros says that option would have been more popular with Americans.&nbsp Steve Gilbert thinks Soros maybe means South Americans.  Like Hugo Chavez.

WASHINGTON—Billionaire investor George Soros, who helped U.S. President Barack Obama raise money for his presidential campaign in 2008, said Sunday he wasn’t happy with Mr. Obama’s handling of the financial crisis.

Mr. Soros said the government should have taken over U.S. banks instead of bailing them out, a move he suggested would have been more popular with Americans.

“The solution that he found to the financial crisis, which was to effectively bail out the banks and allow them to earn their way out of the hole, was, in my opinion, not the right solution,” Mr. Soros said in an interview with CNN. “He should have compulsorily replaced the capital that was lost.”

After taking office at the start of 2009, Mr. Obama stuck to plans implemented by his predecessor George W. Bush to rescue banks by buying toxic assets from them and injecting capital into struggling lenders.

As the financial sector recovered, the Obama administration put banks through stress tests to determine how much new capital they would need to withstand a severe recession, but steered clear of nationalizing them.

What’s interesting is that Soros is actually drawing a clear ideological parallel for us.  Many say Obama is a socialist, but really what Soros is calling for here is what socialism is.  Central government control.  If Soros had gotten his way, Obama would own the banks.  Not just have them at the end of a bailout leash.

What Obama did was put the banks into a position where he’s managing them.&nbsp The government doesn’t own the banks, but the government basically runs the banks.&nbsp And if you don’t think that’s true, remember that Obama has a “pay czar” working in his administration whose job it is to approve pay packages for bankers at the bailed out banks.

That’s not socialism.  That’s fascism.

What we should have done is called capitalism.&nbsp Let the banks fail so that they could be replaced by better banks with better business practices.

dwbens politics

Soros says that option would have been more popular with Americans.&nbsp Steve Gilbert thinks Soros maybe means South Americans.&nbsp Like Hugo Chavez.

WASHINGTON—Billionaire investor George Soros, who helped U.S. President Barack Obama raise money for his presidential campaign in 2008, said Sunday he wasn’t happy with Mr. Obama’s handling of the financial crisis.

Mr. Soros said the government should have taken over U.S. banks instead of bailing them out, a move he suggested would have been more popular with Americans.

“The solution that he found to the financial crisis, which was to effectively bail out the banks and allow them to earn their way out of the hole, was, in my opinion, not the right solution,” Mr. Soros said in an interview with CNN. “He should have compulsorily replaced the capital that was lost.”

After taking office at the start of 2009, Mr. Obama stuck to plans implemented by his predecessor George W. Bush to rescue banks by buying toxic assets from them and injecting capital into struggling lenders.

As the financial sector recovered, the Obama administration put banks through stress tests to determine how much new capital they would need to withstand a severe recession, but steered clear of nationalizing them.

What’s interesting is that Soros is actually drawing a clear ideological parallel for us.&nbsp Many say Obama is a socialist, but really what Soros is calling for here is what socialism is.&nbsp Central government control.&nbsp If Soros had gotten his way, Obama would own the banks.&nbsp Not just have them at the end of a bailout leash.

What Obama did was put the banks into a position where he’s managing them.  The government doesn’t own the banks, but the government basically runs the banks.  And if you don’t think that’s true, remember that Obama has a “pay czar” working in his administration whose job it is to approve pay packages for bankers at the bailed out banks.

That’s not socialism.  That’s fascism.

What we should have done is called capitalism.  Let the banks fail so that they could be replaced by better banks with better business practices.

dwbens politics