Politics
Out of context: Reply #6344
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- TheBlueOne0
"I agree with Obama and I really wish we'd tried to go this route before."
See, I've been saying this from the beginning that I thought (and hoped) Obama was playing a "long game" here. He's a cagey poltiical operator who plays shit very close to his vest. To have just walked in the door and said "OK, we're going to let these things fail" might have been devastating for the markets. He's been playing this "well, let's try this halfass measure and see if it works..if it doesn't we'll see...."
I'm guessing he's using GM as a guinea pig here..."let's let it fall into a "soft" bankruptcy and try out our methods of turning it around quickly, and depending on that success either apply the same method to applicable financial institutions or, if the process fails, nationalize the banks outright..."
I really hope that's what's going on here...he's really stage managing this whole thing..I hope...