Another "inadvertent" disclosure of confidential information - Page 4 - Mercedes-Benz Forum

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post #31 of 40 (permalink) Old 06-04-2009, 08:52 AM
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Fixed that for ya drewprof.
That's exactly it!
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post #32 of 40 (permalink) Old 06-04-2009, 01:18 PM
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The difference is in the interpretation. Obama has decided to be more transparent than necessary in this case with the "inadvertent" disclosure.
I am sure that sentence made sense as you were trying to backpedal. Doesn't work though. You got caught not reading again.

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post #33 of 40 (permalink) Old 06-04-2009, 01:24 PM
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Speaking of decisions and policy made in the midst of "Fear and Panic", the recent Bush and Obama strategies for 'fixing' the financial mess we're in is what really has me worried....far into our economic future.
It should have you worried. It is a very difficult problem to work through.

I believe that it was Bush's second finest job in the White House as he finally came to the realization that we were in meltdown and there was very serious chances for a catastrophic ending. He didn't take the expedient political route and he didn't take the route that could have saved his party in November. He took the only route that made sense to stabilize the Financial Sector at a time that it truly needed 100% attention. I didn't agree with all of Paulson's closed door policy but understood then and now that it was necessary to insure confidence of the banks and to rebuild confidence by the consumers so runs on banks would not occur.

It took him well over 18 months to get to the realization, and that cost us dearly but in the end, he made the right decision. Your question of Bush and Obama fixing the financial mess is costly. Not doing it would have been exponentially higher in cost.

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post #34 of 40 (permalink) Old 06-04-2009, 01:25 PM Thread Starter
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I am sure that sentence made sense as you were trying to backpedal. Doesn't work though. You got caught not reading again.
The administration is the one who is backpedaling after being reprimanded for this disclosure.
The release was deliberate from day one.

... and this important discussion continues.


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post #35 of 40 (permalink) Old 06-04-2009, 01:37 PM Thread Starter
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...
Your question of Bush and Obama fixing the financial mess is costly. Not doing it would have been exponentially higher in cost.
Yes, the bogeyman.

... and this important discussion continues.


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post #36 of 40 (permalink) Old 06-04-2009, 01:46 PM
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Your question of Bush and Obama fixing the financial mess is costly. Not doing it would have been exponentially higher in cost.
We will see as it all unravels.

There was a time when I felt Bernanke and Geithner did not have a freaking clue as to what the best couse of action was, and were feeling their way through it. Hopefully, the deep abyss was averted. I'm wondering what the lingering implications will be and whether each decision would have been made without being in Fear and Panic mode. IMO, it didn't help our confidence in the financial system that Paulson and Kashkari were short-timers.

I believe there is more to come. Businesses may continue to unload employees - even relocate to less 'historical' economic centers. NCR just annouced their moving from Dayton to metro ATL. "Good" for us, but yet another blow for Ohio....which is on the fast track to become the next Michigan in terms of losing it's traditional economic base.

There will be many unintended consequences of the economic mess. Another is example is right here where ISO is considering downgrading ATL's Fire Protection rating as a result of cutbacks in that service. Reduced tax revenues forced the city to snip snip critical budgets. The consequences are that property owners in ATL could see as high as a 20% increase in their homeowners insurance premiums! Oh, they're getting a property tax hike as the cherry on top.

It's these examples of unintended consequences extrapolated out several years that has me concerned.
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post #37 of 40 (permalink) Old 06-04-2009, 02:01 PM Thread Starter
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We will see as it all unravels.
...
It's these examples of unintended consequences extrapolated out several years that has me concerned.
The extrapolation points to a mess.
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... and this important discussion continues.


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post #38 of 40 (permalink) Old 06-04-2009, 02:09 PM
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The extrapolation points to a mess.
That's just the budget...and could be a tiny piece of the overall cost whan all is said and done.
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post #39 of 40 (permalink) Old 06-04-2009, 03:49 PM
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Not to mention the National Debt and the increasing demand from Medicare & Social Security.

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and that’s what I intend to reverse.

~ Senator Barack H. Obama
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post #40 of 40 (permalink) Old 06-05-2009, 05:35 AM
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Not to mention the National Debt and the increasing demand from Medicare & Social Security.
I lifted my head out of the sand - just long enough to read this post.

Yikes!

< shoves head back down the sandy hole >

....back to blissful ignorance....
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