>>>I like the way he is growing into the job. He made some missteps at first, as any president does, but IMO he is doing all the right things now. He is holding the top management of the bailout beneficiaries accountable and basically told Rick Wagoner to get lost. Good for him.
>>
>>Point of order.
>>
>>1) Not all bailout beneficiaries wanted the money, many were forced to accept
>>2) Congress passed an unconstitutional resolution to seize bonuses in bailed out companies
>>3) The POTUS made a business decision regarding the leadership of a bailed out company
>>4) Congress is working on a resolution to gain control of all compensation throughout a bailed out company
>>
>>Nationalization by any other name is still the same.
>>
>>How on earth anyone finds this situation remotely acceptable, let alone laudable is beyond my ability to fathom.
>
>We see things differently.
>
>Which bailout beneficiaries were forced to accept?
>
>The bonus seizure was unconstitutional and overturned.

The banks that were "forced" were forced in October during the paulson+bernanke+bush halcyon days, before manchu guy took over. I have a tough time believing that the banks were forced into a bad deal... for the banks. Too bad they didnt hold their ground and do the taxpayers a favor. Details of that october meeting:

http://www.nytimes.com/2008/10/15/business/economy/15bailout.html

As they heard more of the details, some of the bankers began to realize how attractive the program was for them.