Slowly stop that bailout

[TexasDevilDog]

Sen. Jim DeMint (R-S.C.) said he opposes the $700 billion bailout of Wall Street investment firms, a move that could threaten swift passage of the emergency legislation.
...
“After reviewing the administration's proposed bailout plan, I believe it is completely unacceptable,” DeMint, chairman of the Senate Republican Steering Committee, said in the statement. “This plan does nothing to address the misguided government policies that created this mess and it could make matters much worse by socializing an entire sector of the U.S. economy.”
...
This plan will not only cause our nation to fall off the debt cliff, it could send the value of the dollar into a free-fall as investors around the world question our ability to repay our debts,” said DeMint. “It's also very likely that this plan will extend the cycle of bailouts, encouraging other companies to behave in reckless ways that create the need for even more bailouts, triggering an endless run on our treasury.”
http://thehill.com/leading-the-news/demint-opposes-wall-street-bailout-2008-09-22.html

The democrats are slowing down the process by changing stuff and adding amendments. We might be able to change enough peoples minds in time to stop this bailout.

Just write your reps, every day.

[mikeb]

Yep, let them fail. I hope that the bailout is stopped.

[Yale]

I don't think this bailout will be stopped. On a certain level, I'm entertaining fantasies of joining the French Foreign Legion. I figure, at the worst, killing people for a living is more attractive than actually facing the fact that as I get older, I'll constantly make more money, only to have less to show for it.

[FSON]

Open up federal lands for petroleum/gas drilling.

[J&T's 82]

Everytime I turn on the tv and see this I want to vomit. Nobody ever gave me money for bad financial decisions that I have made. Nothing was learned after the S&L bailout. I say let the financial market collapse if that's what it takes to teach Wall St. a lesson.

[Sean88gt]

I can't even get through the Congressional switchboard, all extentions are busy.:mad:
866-340-9281

[46Tbird]

I'll be watching for each vote of approval. Those congressmen (including our current presidential nominees) will never see another vote from me.

[Sgt Beavis]

I'll be watching for each vote of approval. Those congressmen (including our current presidential nominees) will never see another vote from me.

I think both McCain and Obama are skipping the vote.

Sorry folks but I think we can kiss our country good bye as we know it. It doesn't matter who is getting elected, the country is going to be screwed and it will take decades to fix it.

[1fastdem]

Been keeping a eye on the bailout hearings (A lazy eye to be sure I am at work) I am reading the wire reports of the transcript.

Sen Bunning - (R KY) Said this today “It’s financial socialism, and it’s un-American” and asked Bernanke whether he may come back for more taxpayer money. Bernanke rasied the possible they may.

Sen Dodd - (D) stated that execs compensation would be put of any bailout. no golden parachutes for top execs at big companies.

Sen Schumer - (D) proposed a staged bailout instead of one big one. $150 billion now,see how the economy is doing, then come back. As opposed to $700 B all at once.

Sen Bennett - (R-UT) A NY Times reporter had this to say about him:
Senator Bennett did perhaps the best job of explaining the quandary in dealing with the financial system: if the price of distressed assets to be purchased by the government is set too low, the financial firms have to take steep, potentially crippling losses. If the price is too high, there’s little upside for taxpayers to get their money back or even profit.

Paulson had this alternate take on the bailout... “If it works the way it should work, this is not an expenditure, it’s an investment.”

And on a side note. I will think less of both candidates if they fail to vote yea or nay on this. This bailout bill is arguably the biggest issue today. Both better man up and pick a side. Let the rest of the country measure them on their choice. But to not vote is the cowardly way out.

[slow06]

I'll be watching for each vote of approval. Those congressmen (including our current presidential nominees) will never see another vote from me.

Sig check :D


I read somewhere and I think it sums it up best: Privatize the profits, socialize the loss - What a load of crap

[1fastdem]

Hey, where are Vertnut, Danny, Palidin, etc. on these threads? I have always thought you all to be small gov/ fiscal conservatives. I'd love to hear you guys on this. It seems just once we could all agree or come close.

Ps- not picking a fight... just want to see your positions. What is the best option now? Should the candidates vote? Is the TBTF approach the right one?

[Nate]

candidates should vote but they won't. If they vote for the bailout they are fucking the american person in the long run and want to help big biz, if they vote against the bailout (which is what they should do) they don't care about the current economy and are fucking the american and the financial market.

[01WhiteCobra]

Hey, where are Vertnut, Danny, Palidin, etc. on these threads? I have always thought you all to be small gov/ fiscal conservatives. I'd love to hear you guys on this. It seems just once we could all agree or come close.

Ps- not picking a fight... just want to see your positions. What is the best option now? Should the candidates vote? Is the TBTF approach the right one?

It's stupid.

Let the markets meltdown and start picking up the pieces.

[AL P]

I think you guys are missing something.

No one knows what will happen if these companies aren't bailed out. It's real easy to say you are against "corporate socialism" or that you think these politicians should man up. Truth is that we should all be scared shitless. I say that because not a lot of these guys want to take sides and the reason is because no one knows what the price of the wrong decision is going to be. When these assholes really have no clue as to exactly what the fuck kind of mess we have ourselves in, it's time to be concerned.

[01WhiteCobra]

I think you guys are missing something.

No one knows what will happen if these companies aren't bailed out. It's real easy to say you are against "corporate socialism" or that you think these politicians should man up. Truth is that we should all be scared shitless. I say that because not a lot of these guys want to take sides and the reason is because no one knows what the price of the wrong decision is going to be. When these assholes really have no clue as to exactly what the fuck kind of mess we have ourselves in, it's time to be concerned.

Let the shit happen.

Damn, I'm tired of pushing off the inevitable.

[AL P]

Let the shit happen.

Damn, I'm tired of pushing off the inevitable.

I've just got this real bad feeling that the inevitable is a run on the banks by the sheeple and a lot of days of halted trading as everyone pisses their pants and runs for the exits.

[J&T's 82]

Let the shit happen.

Damn, I'm tired of pushing off the inevitable.

X2 I'm with you. How can we be sure that bailed out company CEOs won't be playing golf 3-4 times a week like the former CEO of ML, while his company was going down the tubes...Or walk away with millions like the CEO of Countrywide did while his company was in shambles.

And yes, I am scared of what will happen if we don't do something about it, though I am more afraid of the line that is being crossed and the Socialistic State that we will become once this happens. The market will never truely reflect its real worth if it knows that the government will prop it up everytime there is a problem.

I say let it crash. When it takes the rest of the world's markets into the sewer so be it. When the world goes thru a Depression like the 30's, maybe buisness as well as government may remember what fiscal responsibility is all about.

[J&T's 82]

I've just got this real bad feeling that the inevitable is a run on the banks by the sheeple and a lot of days of halted trading as everyone pisses their pants and runs for the exits.

Yep...I think before you see that you will see people dumping their 401K's when this bill gets passed and the Dow gains a quick 1K.

[46Tbird]

Hey, where are Vertnut, Danny, Palidin, etc. on these threads? I have always thought you all to be small gov/ fiscal conservatives. I'd love to hear you guys on this. It seems just once we could all agree or come close.Was I unclear? :confused:

I'll be watching for each vote of approval. Those congressmen (including our current presidential nominees) will never see another vote from me.


Who are you anyway? And how is it you know all of us at under 100 posts?

Alan, I am scared. The damage has already been done. The dollar is completely screwed, maybe forever.

Who knows, maybe it would be a good thing. Maybe the government can figure out a way to make SO MUCH money from home and commercial loans that they do away with the income tax. A man can dream.

(lol at a government dropping a tax)

[1fastdem]

I think you guys are missing something.

No one knows what will happen if these companies aren't bailed out. It's real easy to say you are against "corporate socialism" or that you think these politicians should man up. Truth is that we should all be scared shitless. I say that because not a lot of these guys want to take sides and the reason is because no one knows what the price of the wrong decision is going to be. When these assholes really have no clue as to exactly what the fuck kind of mess we have ourselves in, it's time to be concerned.

i agree with so many of the last few posts that it was had to pick which to quote

AL P is right on many things... It is easy to say "corporate socialism". It is the truth that we should be worried. No one truely know the full effect decisions being made or what the price is for the wrong one.

I hate to say it but Nasty Nate is right. In why the 2 candidates won't vote.

01Whitecobra - I do believe we need to let it happen.

I say the politician should man up. I know their job isn't easy. But it is their job. If there is an important decision I expect them to make a call. Hey I have maligned Bush for inaction, incompetence for years but here he has made a decision. I do not agree that Gov. plan is the right thing but they made a decision. Gulianni was right. The President doesn't get to vote present.

[Sean88gt]

It will always come back, I'd just rather not have the feds knee deep in the assholes of every bank in this country.

Like Eric said, let it crater and then pick up the pieces.

[1fastdem]

Who are you anyway? And how is it you know all of us at under 100 posts?





1st - Didn't mean to begin anything withthe Denny comment.

2nd - Anyone who is a reg poster that I have debated with I have read their last 50-100 posts in the political forum. (the search feature is great.) That is why I ignore some posters. If they seem to post nothing but insults I never give them a second mind. (I am looking at you sean88gt... :rolleyes: )

3rd - when I am talking back and forth with one guy and the insults get to much on a thread generally between a couple regular posters (ie. gamp and everyone else) I PM.

[01WhiteCobra]

I've just got this real bad feeling that the inevitable is a run on the banks by the sheeple and a lot of days of halted trading as everyone pisses their pants and runs for the exits.

Absolutely, no doubt.

And if we would have let the people piss in their pants and suck it up back in 2000 we'd be all the better for it now. We just continue to put off the inevitable which is collapse of unfounded greed in America.

I'm cashed out, other than living expenses, I don't hold dollars and I'm seriously thinking about taking a retirement on the Isle Of Man with their 18% tax rate (or some stupid rate like that.)

I'm so fucking tired of trusting a bunch of fat ass white men in DC who don't know how to balance their own fucking checkbook.

As I told the supporter of Sam Johnson who knocked on my door on Saturday... tell him to retire already... he's screwed it up enough already.

[Sean88gt]

1st - Didn't mean to begin anything withthe Denny comment.

2nd - Anyone who is a reg poster that I have debated with I have read their last 50-100 posts in the political forum. (the search feature is great.) That is why I ignore some posters. If they seem to post nothing but insults I never give them a second mind. (I am looking at you sean88gt... :rolleyes: )

3rd - when I am talking back and forth with one guy and the insults get to much on a thread generally between a couple regular posters (ie. gamp and everyone else) I PM.

Me? Did I insult you?
Should I just to clear things up?:D

[Slowhand]

Absolutely, no doubt.

And if we would have let the people piss in their pants and suck it up back in 2000 we'd be all the better for it now. We just continue to put off the inevitable which is collapse of unfounded greed in America.

I'm cashed out, other than living expenses, I don't hold dollars and I'm seriously thinking about taking a retirement on the Isle Of Man with their 18% tax rate (or some stupid rate like that.)

I'm so fucking tired of trusting a bunch of fat ass white men in DC who don't know how to balance their own fucking checkbook.

As I told the supporter of Sam Johnson who knocked on my door on Saturday... tell him to retire already... he's screwed it up enough already.

What he said, unfortunately.

[1fastdem]

Me? Did I insult you?
Should I just to clear things up?:D

Couple threads ago and not me directly it seemed like you just satback and sniped. (besides you seemed like you could take a joke). I don't care much being a dem around here I expect it but I can't be prodded into reponding back. I always remember "politics is passion wrapped in words". We are all just passionate.

[46Tbird]

Well, we're all passionate. But anyone that calls themself a Democrat is just stupid. :D

[01WhiteCobra]

Well, we're all passionate. But anyone that calls themself a Democrat is just stupid. :D

true 'dat.

About to be the same for those calling themselves Republicans.

[Slowhand]

true 'dat.

About to be the same for those calling themselves Republicans.

Amen to that as well!

[Sean88gt]

Couple threads ago and not me directly it seemed like you just satback and sniped. (besides you seemed like you could take a joke). I don't care much being a dem around here I expect it but I can't be prodded into reponding back. I always remember "politics is passion wrapped in words". We are all just passionate.

Of course I do:) And I take it pretty well. I think life is nothing more than a series of jokes with bad humor in the slow spots to get us through.

[Taylor]

Hey, where are Vertnut, Danny, Palidin, etc. on these threads? I have always thought you all to be small gov/ fiscal conservatives. I'd love to hear you guys on this. It seems just once we could all agree or come close.

Ps- not picking a fight... just want to see your positions. What is the best option now? Should the candidates vote? Is the TBTF approach the right one?

It's simple economics. If they bail out these corporations, they're only prolonging the inevitable collapse and it'll hit even harder.

If McCain votes Yes he's going to lose my vote.