Bailout Package-For Or Against?

[JaneEyre]

The truth is, folks, that there is NO BAILOUT!

There is a bandaid to the cancer of greed and unrighteouness on a country that has in a large margin "forgotten God" and we know what happens next. We've read The Book.

Here is an article that offers food for thought:

http://mises.org/story/3126

[Pressing-On]

Sorry, Ferd, but Ron Paul makes so much sense!

http://casone.blogs.foxbusiness.com/...at-depression/

Incidentally, a Fox Business Poll asked this question:

Who do you think will come out of this economic crisis looking smartest?

Ben Bernanke, the Federal Reserve chairman
Henry Paulson, the Secretary of the Treasury
Warren Buffett, head of Berkshire Hathaway
Ron Paul, Texas Congressman and presidential candidate
Bill Gross, PIMCO chief investment officer

I took the poll just to check it out. 74% in favor of Ron Paul. lol

http://www.foxbusiness.com/

[Praxeas]

heck even Ralph Nader is looking good compared to the current goonsquad we have for politicians

[Ron]

Originally Posted by JaneEyre

CARTER MAY BE MORE TO BLAME THAN BUSH OR MCCAIN (WORTH THE READ):
http://newsbusters.org/blogs/noel-sh...bush-or-mccain

AN ARTICLE FROM WINTER 2000 but WORTH THE READ:
http://www.city-journal.org/html/10_...on_dollar.html

The link below to forums goes to an inactive page..Wonder why?..It was entitled "Social Engineers of 1977 Caused Bank Failures"

http://forums.cnet.com/5208-6035_102...sageID=2865328

Nobody has clean hands in this!

[Jermyn Davidson]

I think it is interesting that so many folks on this forum are eager to give the current Administration and the most current business "professionals" connected to this disaster a pass on all of this.

8 years of Republican leadership, 8 years of loyalty and THEY let the country almost go down the tubes financially on THEIR watch!

But I'm supposed to blame Pres. Carter....

wow.


Just wondering, how bad did the economy tank after the 1st Bush? Does anyone see any similarities in his situation and this situation?

[Praxeas]

It was both parties that let us down.

[Praxeas]

Get ready for the NAU and the Amero

[Ron]

Originally Posted by Praxeas

Get ready for the NAU and the Amero

You got that right!

[MissBrattified]

Originally Posted by 1399

I think it is interesting that so many folks on this forum are eager to give the current Administration and the most current business "professionals" connected to this disaster a pass on all of this.

8 years of Republican leadership, 8 years of loyalty and THEY let the country almost go down the tubes financially on THEIR watch!

But I'm supposed to blame Pres. Carter....

wow.


Just wondering, how bad did the economy tank after the 1st Bush? Does anyone see any similarities in his situation and this situation?

This is not a Republican issue. The corruption in Washington is bipartisan. That's why you don't hear a lot of blame being placed squarely in the lap of the Republicans--because the Democrats are just as guilty as they are, and they can't cry foul without getting their own noses dirty.

I haven't figured this out well enough to feel one way or the other (re: the bailout).

[Pressing-On]

Update:

September 27, 2008
A Slimmer, Cleaner Paulson Plan is a Win-Win
By Lawrence Kudlow

Here's the key point: Any loan package bought by the Treasury will be 100 percent taxpayer owned. Period.

House Republicans understand these key points. Unfortunately, this understanding did not materialize in their original meeting with Mr. Paulson a few days ago. But now the actual reality is sinking in.

Another point: Republican leader Eric Cantor has an excellent idea for a federal bond insurance guarantee for straight mortgage-backed paper, financed by private-sector insurance premiums. That will improve investor confidence in mortgage bonds and will make those bonds highly marketable. Importantly, senior Treasury officials have told me that Mr. Paulson will accept the insurance idea as an option in the final bill, alongside the ability of the Treasury to purchase distressed assets.

Sources also tell me that other conditions will be necessary to bring the House GOP along. First, the ACORN slush fund must be removed. Second, the so-called union proxy to run a slate of corporate directors is a big problem. Third, all profits from the Treasury rescue mission must be used to reduce the national debt -- 100 percent. Fourth, Republican members are opposed to bankruptcy judges setting mortgage terms and interest rates (Sen. Obama also is opposed). Fifth, the so-called government equity ownership of banks is distasteful because it effectively creates a corporate tax increase on banks at a time when they are struggling. And last, the Treasury secretary's request for $700 billion is regarded as way too high.

http://www.realclearpolitics.com/art...is_a_winw.html