The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Brumar89 who wrote (255347)	6/18/2010 3:01:28 PM
From: joseffy	Read Replies (3) of 306849

Now the right wing New York TIMES attacks Obama. More proof to Bentway's assertion that Republican race-haters really have it in for Obama: Twisting Arms at BP, Obama Sets Off a Debate on Tactics NY TIMES By DAVID E. SANGER June 17, 2010 nytimes.com WASHINGTON — First there was General Motors, whose chief executive was summarily dismissed by the White House shortly before the government became the company’s majority shareholder. Chrysler was forced into a merger. At the banks that received government bailouts, executive pay was curbed; at insurance companies seeking to jack up premiums, scathing criticism led to rollbacks. But President Obama’s successful move to force BP to establish a $20 billion compensation fund that the company will have no voice in allocating — just a down payment, the president insisted — may have been the most vivid example of what he recently called his determination to step in and do “what individuals couldn’t do and corporations wouldn’t do.” With that display of raw arm-twisting, Mr. Obama reinvigorated a debate about the renewed reach of government power, or, alternatively, the power of government overreach. . . .

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