See what others have said

Note from Michelle: This section is for comments from michellemalkin.com's community of registered readers. Please don't assume that I agree with or endorse any particular comment just because I let it stand. A reminder: Anyone who fails to comply with my terms of use may lose his or her posting privilege.

Comments

1. #1
   On April 9th, 2009 at 7:33 am, fluffy said:

   Here in Taxachusetts, you can opt to pay a slightly higher tax rate. A couple thousand do make that choice each year.

   Perhaps they will volunteer to buy TARP bonds.

2. #2
   On April 9th, 2009 at 7:40 am, Uplander said:

   A much wiser investment in light of the government’s love of Keynesian foolishness would be TIPS (Treasury Inflation Protected Securities) and iBonds. Open a Treasury Direct Account. Or add some Inflation Protected Mutual Funds to your investments.

3. #3
   On April 9th, 2009 at 7:41 am, bigsapper said:

   1. Invent bond to buy bad assets.
   2. Sell bonds of bad assets.
   3. ???
   4. Profit.

   Brilliant!

4. #4
   On April 9th, 2009 at 7:50 am, scituate_tgr said:

   Or, you can invest in a bridge I just happen to own in Brooklyn … really … call me.

5. #5
   On April 9th, 2009 at 8:06 am, Craig said:

   to buy up banks’ bad assets

   Bad Assets…the new oxymoron. Right up there with Jumbo Shrimp and Liberal Intelligence.

6. #6
   On April 9th, 2009 at 8:10 am, iamsaved said:

   Uncle Sam invests in bank/credit card company.

   Said bank/credit card company receives funds and then raises the interest rates and fees it charges its customers, the taxpayers.

   Uncle Sam gets a good return on its investment that was made with said taxpayers money.

   Now that’s investment redistribution Obama can be proud of.

7. #7
   On April 9th, 2009 at 8:14 am, jsr said:

   On April 9th, 2009 at 7:41 am, bigsapper said:
   1. Invent bond to buy bad assets.
   2. Sell bonds of bad assets.
   3. ???
   4. Profit.

   Brilliant!

   3. Then a miracle happens

   Who says liberals aren’t religious? Miracles like this are almost always required for their policies to work as planned.

8. #8
   On April 9th, 2009 at 8:26 am, Flyoverman said:

   Why do I keep hearing the old Lovin’ Spoonful hit, “Do you Believe in Magic?” in my head?

   Hmmmmmm

9. #9
   On April 9th, 2009 at 8:28 am, cicerokid said:

   Why not cut out the middle man and give the money directly to a crack head?

10. #10
    On April 9th, 2009 at 8:33 am, bansharia said:

    Translation:
    not enuff big boys eg: pensions,mutual funds,hedge funds etc are willing to play the obambi/taxcheat shell game
    with toxic assets.
    keep in mind they have said taxpayers will pony up damn near all the $ absorb all the risk and stil no takers.
    they have also said they will let banks who get TARP $ buy toxic assets be BUYERS of other TARP bank’s toxic asstes
    no takers.
    this was after they had no takers in Europe to spend more China balking …..

    and ya wonder why obambi needs a red herring of shamnesty?
    THAT is snort worthy MM

11. #11
    On April 9th, 2009 at 8:34 am, bansharia said:

    fly,
    not sure but its better than a manilow song

12. #12
    On April 9th, 2009 at 8:50 am, southsideironworks said:

    Obama and the Democrats seem to have no problem pissing other peoples money away, so this is hardly a stretch.

    Maybe the Chinese just said no to purchasing any more American debt.

13. #13
    On April 9th, 2009 at 8:54 am, FruNobulux said:

    On April 9th, 2009 at 8:33 am, bansharia

    Yep, smoke and mirrors. Anybody see the hand of Axlegrease here?

14. #14
    On April 9th, 2009 at 8:59 am, FruNobulux said:

    O/T but in the same vein:

    Bush aides call BS on Biden’s Walter Mitty Fantasies

15. #15
    On April 9th, 2009 at 9:04 am, mijacat said:

    One little detail.

    Banks *are* selling their assets.

    At a loss.

    It’s called foreclosure.

    It *can* be profitable – for a person willing to buy the foreclosed property.

    It *is* a loss for the bank.

    Mew

16. #16
    On April 9th, 2009 at 9:06 am, LibTired said:

    Say, when the government gets reimbursed all this money from the private sector and the investment “pays off” (bear with me, here), the profit they make is going straight back to the taxpayers in the form of checks, right?

    Wait, it won’t? You mean on the off chance any of this junk worked, they would keep the profits and still tax us? Still even raise our taxes?

    Ya know, for an “investment”, something’s not adding up here.

17. #17
    On April 9th, 2009 at 9:15 am, John Deaux said:

    I wonder how many state pensions are going to invest in these funds.

18. #18
    On April 9th, 2009 at 9:16 am, ajmontana said:

    “don’t be a sucker for Obama”

    oops, too late.
    He already sucked em in.
    You have to be a complete moron to have voted for this dipstick.

19. #19
    On April 9th, 2009 at 9:23 am, backwoods conservative said:

    So the administration realizes that all of the money they’re extorting from us in the form of taxes still isn’t enough to pay for everything on the Democraps’ wish list, so they have come up with a scheme to sucker people into voluntarily parting with even more of their money. An alternative would be to play Paul Bunyan with wasteful and unnecessary spending programs, but liberals are morally and intellectually incapable of understanding the wisdom of such an approach.

20. #20
    On April 9th, 2009 at 9:25 am, Flyoverman said:

    On April 9th, 2009 at 8:34 am, bansharia said:
    fly,
    not sure but its better than a manilow song

    Ya, I should be thankful, huh?

21. #21
    On April 9th, 2009 at 9:28 am, chapoutier said:

    You have to be a complete moron to have voted for this dipstick.

    Or drunk. Don’t forget about drunk. Also, I heard some frats were using it as a Rush Week initiation. And of course I am sure a handful just did it on a triple dog dare.

22. #22
    On April 9th, 2009 at 9:37 am, tarpon said:

    So this is throwback from his drug dealing days?

23. #23
    On April 9th, 2009 at 9:38 am, Ragspierre said:

    Wait, guys…!!!

    This is a GREAT idea.

    All future spending on Porkulus should have to be funded this way.

    Let the American people show by their voluntary, market choice to buy bonds how much they believe the hype from the “stimulus” package.

    WAY, WAY better than having the G take our money by compulsion in the form of taxes and inflation.

    I think we should INSIST on bonds….!!!

24. #24
    On April 9th, 2009 at 9:41 am, karl9000 said:

    Everyone else but TurboTimmy & Co. sees that little box in the middle of all this labeled “a miracle occurs here.”

    Sounds like a carny barker roping in the suckers. The barker is just more honest about it all.

25. #25
    On April 9th, 2009 at 9:51 am, corona said:

    Somehow, I doubt Vanguard will offer this fund.

26. #26
    On April 9th, 2009 at 9:55 am, sambo said:

    and no one believed Obama gained experience from being a community organizer!

27. #27
    On April 9th, 2009 at 10:05 am, walterc said:

    I’m just wondering how much Obama, Nancy, Harry, Chris, Timmy and Barny (Frank, I think the dinosaur has more sense) are going to invest in these funds.

    Personally I’m waiting for Madoff to get out of prison before I start investing in anything other than food and ammo again.

28. #28
    On April 9th, 2009 at 10:08 am, Roman Con said:

    For the love of Mike, the Underpants Gnomes had a better business plan!

29. #29
    On April 9th, 2009 at 10:10 am, ajmontana said:

    chapoutier said:

    Or drunk. Don’t forget about drunk. Also, I heard some frats were using it as a Rush Week initiation. And of course I am sure a handful just did it on a triple dog dare.

    “Fat, Drunk and Stupid is no way to go through life Son.”
    Animal House

30. #30
    On April 9th, 2009 at 10:16 am, ArizonaNeanderthal said:

    “Bye Bye, Buy Tarp Bonds” just does not have the same ring to it as the old Pathé News close.

    Personally I’m waiting for Madoff to get out of prison before I start investing in anything other than food and ammo again.

    Make that two.

31. #31
    On April 9th, 2009 at 10:22 am, RedDog said:

    Perhaps more important than the money would be the political bonus of having thousands or even millions of taxpayers — whose portfolios have nose-dived during the crisis and whose tax dollars are financing bank bailouts and stimulus packages — profit from the toxic asset plan.

    HAHAHAHAHA. I might buy into it if you sell me those assets at $.001 on the dollar. Maybe. Morons. That’s why they are called toxic assets. The socialist government autocrats are hoping for $.40 on the dollar. They are dreaming.

32. #32
    On April 9th, 2009 at 10:28 am, Rogue Cheddar said:

    This is like little kids playing in the medicine cabinet.

    Kid1: “Here, drink this!”
    Kid2: “What is it?”
    Kid1: “I don’t know!”
    Kid2: “Well, what’s it say?”
    Kid1: “Toxic!”
    Kid2: “Okay!”

33. #33
    On April 9th, 2009 at 10:28 am, Sichiban said:

    Make that two.

    Me three.

34. #34
    On April 9th, 2009 at 10:34 am, DBNinKY said:

    I wonder if they seriously expect people to buy into this or if, like their recent Bash America tour of Europe, it’s just more gorilla PR from the Obama adminisration?

    If real, for anyone to actually buy one of these so-called “bonds” is the equivalent of wading one’s money up and tossing into a bonfire.

    What’s more, isn’t it irresponsible, if not downright misleading, for the Obama administration to use the official apparatus of government to lure people into buying what amounts to little more than a Ponzi scheme or a shell game?

35. #35
    On April 9th, 2009 at 10:42 am, cheapseat said:

    wait a minute, didn’t this whole thing start because bawney and his colleagues at fannie/freddie backed a buttload of bad debt, bundled them into cdo’s and conned the rating agencies to give them aaa ratings, nd sold them to unsuspecting banks and investors around the world. then, the taxpayers of the u.s. had to make those almighty sultans of credit swaps whole, so we supposedly bought these toxic assets. now you tell me we just gave the money to the banks, they still hold the toxic assets, and are going to sell them to investors again? HOW MANY TIMES DO THESE THIEVES GET TO SCREW AMERICA BEFORE SOMEONE TAKES NOTICE? BARNEY, ARE YOU OUT THERE?

36. #36
    On April 9th, 2009 at 11:36 am, txvet2 said:

    Wonderful idea. You could set up a couple of government corporations to sell these things. You might call them something cute like Fannie Mae and Freddy Mac and get a bunch of gullible investors to buy them up as if they had real value….. Oh yeah, they already did that. Is it jut me, or are these people stuck in the ’30s? Feels like a time warp. I expect a Model T to pass my house any time now.

37. #37
    On April 9th, 2009 at 11:41 am, txvet2 said:

    On April 9th, 2009 at 9:28 am,
    

    chapoutier said:

    You have to be a complete moron to have voted for this dipstick.

    Or drunk. Don’t forget about drunk. Also, I heard some frats were using it as a Rush Week initiation. And of course I am sure a handful just did it on a triple dog dare.

    Which one was your excuse?

38. #38
    On April 9th, 2009 at 11:48 am, chapoutier said:

    Which one was your excuse?

    The voice in my head said the Mets would win the World Series this year if I did.

39. #39
    On April 9th, 2009 at 11:54 am, Southpaw said:

    Soooo…how many shares will George Soros be buying?

    Didn’t think so.

40. #40
    On April 9th, 2009 at 12:05 pm, txvet2 said:

    On April 9th, 2009 at 11:48 am, chapoutier said:

    I DID NOT!!!

41. #41
    On April 9th, 2009 at 12:09 pm, rocketman said:

    ***
    President O’Bummer (PBUH) and his brilliant Treasury Secretary can’t put enough perfume, spice, and sugar on this C**P SANDWICH to kill the smell and taste. To paraphrase the immortal Bard–a C**P SANDWICH by any other name stinks just as bad. The toxic stench lingers on.
    ***
    John Bibb
    ***

42. #42
    On April 9th, 2009 at 12:21 pm, HandsOffMyPaycheckCommie said:

    Is there a leveraged double short ETF based on those funds? If so, I’m in!

43. #43
    On April 9th, 2009 at 12:45 pm, HotWeaver said:

    Too bad the White House Press Office doesn’t have to add all the fine print which any other financial product advertisement would have to include.

44. #44
    On April 9th, 2009 at 2:19 pm, Ed Mahmoud abu al-Kahoul said:

    I hear rumors that movers and shakers in Team Obama, New School types, think private IRAs and 401K’s are a bad idea, because some people lose money, and want the government to nationalize peoples 401K’s, match a certain small percentage deducted from the pay check pre-tax, and guarantee a small but safe rate of return.

    If they can combine these two, we can match the gargantuan nature of the Ponzi Scheme known as Social Security, with a new retirement system based on an even bigger fraud, that would make Bernie Madoff look like a 3 card monte hustler on a street corner!

45. #45
    On April 9th, 2009 at 2:57 pm, RabbidSquirrel said:

    Everyone who voted for Obama should be forced to buy these investments with their ‘tax refunds’ and stimulus checks.

    Change they can believe in!

46. #46
    On April 9th, 2009 at 3:04 pm, RabbidSquirrel said:

    On April 9th, 2009 at 9:28 am, chapoutier said:

    Or drunk. Don’t forget about drunk. Also, I heard some frats were using it as a Rush Week initiation.

    Please, please, please. You dont get initiated during Rush Week.

    Rush Week is when everyone takes all those pictures of you, that eventually are used against you, thereby allowing for your personal relationship with a sheep DURING initiation! You know, the same pics that end up in your FBI file that was in Hillary Clintons closet.

47. #47
    On April 10th, 2009 at 12:28 am, Stillwaiting said:

    A: Banks bundled and sold that toxic debt for years and the companies left holding it were ruined are being bailed out. But now that debt is a GOOD investment??? Morons!

    B: Our gov’t is in the hands of the Underpants Gnomes. Their business plan is always the same:

    Phase I: Steal underpants (or tax your constituents down to their underpants)

    Phase III: Profits

    They have no Phase II and have no idea how to get from stealing your underpants to enabling a healthy economy. They don’t seem to care.