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Stupid comments and more on the bailout
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CommentDecember 1st, 2008
November 21st, 2008
November 20th, 2008
November 6th, 2008
Those who say they won't vote for the bailout because it is socialistic — that's like having a theory that children should learn to swim by just throwing them in the water, so you throw in your kid and watch them drown to uphold your theory.
Dave Ramsey — this guy is all over the TV, saying he thinks there are better ideas than the bail out, like eliminating capital gains taxes. Even if that would eventually help the economy, it is not going to take an effect for a year or more, and will do absolutely nothing to help the current crisis. Sen. Richard Shelby said it too, that was his only idea. Palin ain't the only one that doesn't know what she is talking about.
Dave Ramsey — this guy is all over the TV, saying he thinks there are better ideas than the bail out, like eliminating capital gains taxes. Even if that would eventually help the economy, it is not going to take an effect for a year or more, and will do absolutely nothing to help the current crisis. Sen. Richard Shelby said it too, that was his only idea. Palin ain't the only one that doesn't know what she is talking about.
Telling people, well, my bank is lending money today. Day to day ups and downs mean nothing. Coyote Blog, a libertarian blog, takes the cake by saying he called his local bank and they are doing fine. That is like finding out the ocean just got polluted to the point of toxicity, you live in Arizona and turn on your tap water and say, well my water is just fine.
Some guy on talk radio saying that default credit swaps really total $63 trillion and they are throwing a trillion at it to mollify people until Obama can get in office and then he will turn the whole government over to socialism. It is all a plot, see, like so much of what Obama is doing, to destroy America.
Some guy on talk radio saying that default credit swaps really total $63 trillion and they are throwing a trillion at it to mollify people until Obama can get in office and then he will turn the whole government over to socialism. It is all a plot, see, like so much of what Obama is doing, to destroy America.
"Is there anyone that can argue against that our dollar is being purposefully destroyed so that we can enable the SPP directive for the Amero?"
Uh, yeah. The dollar is strengthening. And get back on your meds.
Uh, yeah. The dollar is strengthening. And get back on your meds.
The version of the economy bail out bill that the Senate passed adds another $100 billion to the deficit, beyond what they need to finance the bail out. But I am glad they just passed something, and it is not a lot different than the last one, except everybody got to add pork. That is what our government has been reduced to these days. Don't read the add-ons, it will make you sick. By the time the house gets through with it, it will add a half trillion to the deficit.
Americans uniting behind hating rich people and all calling their Congressman in record numbers to make sure that the investment banks go bankrupt ... uh, except that is the system your money is in too. Ever been out in a rowboat with someone you don't like on the other end? Just bust a hole in the middle of the boat and watch them drown. That'll show 'em.
The 65-70 percent of Americans who are now conveniently forgetting that they knew housing prices were in a bubble for years but they liked watching their own home equity go up so much they looked the other way while they took out those equity loans. Just like the mortgage bankers who were collecting fees and thinking, it will be a soft landing and by then I will have so much socked away ...
On a good note, Americans seem to be starting to realize the gravity of the situation. People are massively confused by what is going on, and so are most of our elected representatives.
What is also true is that the turkeys in the media failed us badly. This is what happens with talking heads television that constantly emphasizes the extreme sides of issues to titillate their partisan viewers.
Americans uniting behind hating rich people and all calling their Congressman in record numbers to make sure that the investment banks go bankrupt ... uh, except that is the system your money is in too. Ever been out in a rowboat with someone you don't like on the other end? Just bust a hole in the middle of the boat and watch them drown. That'll show 'em.
The 65-70 percent of Americans who are now conveniently forgetting that they knew housing prices were in a bubble for years but they liked watching their own home equity go up so much they looked the other way while they took out those equity loans. Just like the mortgage bankers who were collecting fees and thinking, it will be a soft landing and by then I will have so much socked away ...
On a good note, Americans seem to be starting to realize the gravity of the situation. People are massively confused by what is going on, and so are most of our elected representatives.
What is also true is that the turkeys in the media failed us badly. This is what happens with talking heads television that constantly emphasizes the extreme sides of issues to titillate their partisan viewers.
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Bill wrote on Oct 2, 2008 11:30 AM:
kevin wrote on Oct 2, 2008 12:00 PM:
I must be MISTAKEN. I understood you had a degree in PSYCHOLOGY not ECONOMICS. Jeffrey A. Miron, a senior lecturer in economics at Harvard University, says that we SHOULD let the bankruptcies occur, and I agee.
I might change my mind IF we had a leader who would stand up and point fingers at the guilty. Someone who would change the current regulations to prevent this from happening again. And do so BEFORE we bail out the miscreants!
But we DON'T.
So better to burn it down and start over if that's the only way to get CHANGE... "
steph wrote on Oct 2, 2008 12:34 PM:
What a flippin' joke. The sky is falling, and yet the elected representatives can't help but help themselves to more of the taxpayers' dollars, all the while acting like this is such a grave situation that it requires careful and urgent action. This is the fix?
I say, increase the FDIC insurance limits, allow people to refinance their loans, outlaw retroactively on any active loan a pre-payment penalty, enact a GD energy policy, enact a GD immigration policy.
What an outrage. Congress and the president have been asleep at the wheel and when we need them the most, all they know how to do is attach riders onto legislation that is supposed to protect Americans.
I think it's time for poorly managed institutions, including auto manufacturers, to FAIL. We are propping up poorly run companies and that is un-American. We are becoming such weaklings. "
cab e-girl wrote on Oct 2, 2008 1:29 PM:
cab e-girl wrote on Oct 2, 2008 2:07 PM:
freeport56 wrote on Oct 2, 2008 3:50 PM:
2. End the Death Tax.
3. Kill Freddie Mac and Fannie Mae.
The people who started and fostered this mess are the ones trying to fix it.
This has spurred me to FIRE all my state and federally elected officials. I am sick and tired of their screwing up our economy. Heck, they are lawyers noit economists. It is time for some fresh blood and non-career politicians. "
steph wrote on Oct 2, 2008 5:10 PM:
Awesome.
Send a couple women to Washington to clean up this disaster. Not Pelosi-type "women" but women who work. "
Todd Adams wrote on Oct 2, 2008 8:01 PM:
Ruff Limblog wrote on Oct 2, 2008 8:10 PM:
I am sorry to say it, but this 'Don't sink the boat because you don't like the crook on the other end' rant conveniently misses the other option -- THROW the crook OVERBOARD and row for shore!
The fact that both Republicans and Democrats voted for the Weasels, even when there were other plans available to be considered shows me that the corrupting corporate cash that I have railed about for a long long time is still KING!
Nobody is getting any attention from these corrupt DC politicians except the ones that have them bought and paid for.
~Ruff "
napablogger wrote on Oct 2, 2008 10:37 PM:
Voters killed the first bail out bill, now we are stuck with a worse one.
Ruff, I am not talking about particulars but I think the investment bankers are really hurting and are in a world of hurt---I mean they have lost billions and no one is going to feel sorry for them. Even that dark rightie Murdoch says they are losing billions.
I mean, everyone is right about all their criticisms, but if we had passed the bail out the first time it would have been the best one. I agree with you Steph, but we have to have the bail out.
Day by day the banking system sits on the edge of a cliff. Better hope there are no stiff breezes.
Lets not let our anger destroy our good judgement. I don't want to go through a huge depression. "
pbsm777 wrote on Oct 3, 2008 12:35 AM:
Hello, is this still America Or Socialistic America. Can You say AIG? Keep checking your mailbox for that dividend check. AfteralI, your tax dollars own 80% of this company that USED to be PUBLICLY traded. If it was Healthcare related they were talking about the Repubs would be screaming in the streets.
Socialism here we come....but at least we aren't touching the healthcare industry. That would be socialism. I wonder who is paying for the health insurance of AIG employees - oh that's right, we are. At least 80% of it since the taxpayers now own 80% of the company... but that's not Socialism.
Musat be Clinton's fault. No wait, it's Obama's Fault. No wait, it's OUR FAULT. "
kevin wrote on Oct 3, 2008 4:58 AM:
Madison Jay Hamilton wrote on Oct 3, 2008 6:54 AM:
Bill wrote on Oct 3, 2008 9:12 AM:
That mixed economy includes something that we all bury our heads and deny, it is not socialism but the welfare state. Any regime has only one legitimate purpose and that is to serve the welfare of the governed individuals. When we start recognizing and accepting this reality then perhaps the screaming in the streets would be of value.
Other wise retire to your respective estates and realize that a credit crisis threatens all homeowners. As very few have clear paper to their properties, sit on your porch with your squirrel gun and be prepared to shoot the sheriff when he comes to dispossess you of your home.
A three-page economic rescue plan is a farce of leadership showing that this administration again was totally unprepared and now that it is porked it displays even more incompetence. Doing nothing is also a choice but not a very good one so the plan in hand appears better than a squirrel in the Bush. "
napablogger wrote on Oct 3, 2008 10:54 AM:
Not that I mind some oversight, but Congress can always pass legislation to manage the bail out if they want to.
Whenever anything happens both sides extremists come out and make up all this stuff and exaggerate all the possible negatives of something. How long are we going to keep falling for that?
This is part of what makes me think voters are unserious about change or politics, they are still rooting for their high school football team and getting off on melodrama. The Rush Limbaugh crowd is the worse, as are the Daily Kos'ers. "
cab e-girl wrote on Oct 3, 2008 11:44 AM:
House Financial Services Committee Chairman Democrat Barney Frank was instrumental in pushing legislature that allowed individuals to secure loans from Freddie and Fannie that with no money down and no qualifications. My mom is a Realtor, she warned us 4 years ago of this monumental transgression that was enacted by Congress. When you are finished doing the research there, start researching an old Clinton appointee by the name of Franklin Raines. As CEO of Fannie Mae, he “earned” $100 Million dollars. Mr. Raines (a Harvard educated lawyer) has returned $26 million and is being investigated. Jamie Gorelick, another Clinton appointee served as Vice Chairman of Fannie Mae for six years and presided over a $10 billion accounting scandal. Just one of the falsified transactions helped FNMA hit earnings targets for 1998, which triggered bonuses for top executives including nearly $800,000 to Gorelick. During this 6-year period, Ms. Gorelick earned $26 million. "
pbsm777 wrote on Oct 3, 2008 2:44 PM:
How many houses did your mom sell to folks who should not have gotten the loans but were sold to anyhow? I hope she's going to return all of those commissions made off the foreclosed houses that we taxpayers just got STUCK with.
It is not a defense to say 'I knew it was going to be bad, but I went ahead and sold them because it was legal...' That's the same argument that the CEO's made - hey I knew it was going to be trouble but I still made money off them because it was legal.
I await your answer. "
cab e-girl wrote on Oct 3, 2008 4:41 PM:
pbsm777 wrote on Oct 3, 2008 5:33 PM:
And the roughly $12,000 commission (3%) was then donated to charity to ease the guilt?
It is reprehensible that alot of the mortgage brokers are the one's that made a killing off of the system. I agree with you that there were a lot of underhanded things that went on. That's why there is not a lot of sympathy for the newly unemployed Real Estate agents in Napa county. There are people in higher end mortgages that certainly use "creative financing" though. You just don't hear about them losing their homes. "
cab e-girl wrote on Oct 3, 2008 8:41 PM:
pbsm777 wrote on Oct 4, 2008 12:06 AM:
Priceless.
And regarding the "seems a bit hostile", I'll leave you with your own quote:
"YYou (sic) people are so uninformed. Just keep repeating the liberal mantra directed to the useful idiots. " Wow, I can feel the Peace, Love and Tenderness... or wait, compassionate conservative.
Thank you. :)
Still waiting to hear about your news sources, by the way. There is more going on than just Iraq. "
pbsm777 wrote on Oct 4, 2008 12:20 AM:
Once again, thank you for proving my point. "
cab e-girl wrote on Oct 4, 2008 1:00 PM:
cab e-girl wrote on Oct 4, 2008 1:04 PM:
cab e-girl wrote on Oct 4, 2008 1:12 PM:
a teacher wrote on Oct 4, 2008 1:41 PM:
OR...
It doesn't really exist. "
freeport56 wrote on Oct 4, 2008 3:50 PM:
Sorry my libbie friend they are all to blame from the policies of Bill Clinton wanting everyone to own a home, to the mismanagement of Raines, Garelick, Johnson, and others. (wait...Raines, Garelick, and Johnson work for Obama, buit thats another rant). To barney frank head of the House banking committee who said July 14 that "Freddie and Fannie were bad investments, but going forward they are in great shape".
Not one of our elected officaials yelled and screamed loud enough for any of us to hear. Now we are stuck with a $1.8 trillion dollar bill to pay. I say fire them all and let us start with a clean slate. Hang the criminals in the public square as a warning to others! "
cab e-girl wrote on Oct 4, 2008 3:53 PM:
cab e-girl wrote on Oct 4, 2008 4:01 PM:
Hey teach, I noticed that you said you tried to qualify to buy a home and that it was tough on $50K a year to qualify. Start getting your ducks in row. The silver lining in this mortgage mess is about to open it's doors for you and the young people. Since you did not go out and recklessly get a loan you could not afford, I would hate for you to miss the upcoming buying opportunity. Good luck! "
Raven wrote on Oct 4, 2008 5:07 PM:
I think what pbsm77 was trying to get across cab-e-girl was despite her misgivings about the deal, your mum went ahead and finished it off and walked away with her commission...
also can you give me one example of anything Gwen did Thursday night that showed her supposed bias? "
cab e-girl wrote on Oct 4, 2008 7:33 PM:
Raven wrote on Oct 4, 2008 8:05 PM:
cab e-girl wrote on Oct 4, 2008 8:18 PM:
Raven wrote on Oct 5, 2008 8:32 AM:
cab e-girl wrote on Oct 5, 2008 1:27 PM:
Madison Jay Hamilton wrote on Oct 5, 2008 7:17 PM:
Raven wrote on Oct 5, 2008 9:09 PM:
pbsm777 wrote on Oct 6, 2008 5:45 PM:
I am not a socialist, either. Thanks for trying to label me. I am a homeowner who went through the process in 1999. I jumped through the hoops and was able to by my house without the creativer financing. Iwas FHA, nobody gave me a handout and I wasn't looking for one.
Actually, I'm EMBARASSED to say I am a registered Republican. Although as, of late, the republican leaders look more and more like Socialists... I make more than 100k and live here in Napa Valley. I've worked as many as 3 jobs at a time and NEVER collected unemployment in 35 years of working in the private sector. I voted for John McCain when he ran against Bush in the primaries in 2000. Back then he was truly running on principles but the Karl Roves wanted a less educated "Joe Six Pack" to be the president. The very people that ran the slime campaign about McCain supposedly having a black baby in North Carolina (Look it up - check your RIGHT WING Leaning Media) and derailed his campaign down there. Now those SAME folks are running his campaign . Any wonder we see the SMEAR and FEAR today?
Do not make slanderous charges about being a Socialist or Communist if you can't back it up. After all, that is a bit hostile, isn't it? "
pbsm777 wrote on Oct 6, 2008 5:48 PM:
cab e-girl wrote on Oct 6, 2008 5:51 PM:
pbsm777 wrote on Oct 6, 2008 7:02 PM:
You conveniently set up a catch-22 argument: If the questions are too hard you would be whining that it was skewed to favor Obama because she wrote a book. Which by the wat hasn't even been published yet...and WILL NOT be released until January 2009 Long after the election has been decided.
So the questions are shallow because she had to be careful because the vigilant GOP handlers of McCain put her on notice! The same people that did not even realize that a book had been in the works...
Catch-22 you should read it sometime. Good Book.
Still waiting on your community service...maybe your mom could help. "
pbsm777 wrote on Oct 6, 2008 10:05 PM:
Dirty Tricks, South Carolina and John McCain Campaigns & Elections
Ann Banks: Undone in South Carolina by the Bush campaign's dirty tricks in 2000, John McCain now turns to the man who smeared him. Eight years ago this month, John McCain took the New Hampshire primary and was favored to win in South Carolina. Had he succeeded, he would likely have thwarted the presidential aspirations of George W. Bush and become the Republican nominee. But Bush strategist Karl Rove came to the rescue with a vicious smear tactic.
Rove invented a uniquely injurious fiction for his operatives to circulate via a phony poll. Voters were asked, "Would you be more or less likely to vote for John McCain...if you knew he had fathered an illegitimate black child?" This was no random slur. McCain was at the time campaigning with his dark-skinned daughter, Bridget, adopted from Bangladesh. . It worked. Owing largely to the Rove-orchestrated whispering campaign, Bush prevailed in South Carolina and secured the Republican nomination. The rest is history--specifically the tragic and blighted history of our young century. It worked in another way as well. Too shaken to defend himself, McCain emerged from the bruising episode less maverick reformer and more Manchurian candidate. " from The Nation Jan. 2008.
Before you rail on it being from The Nation, just google the story and read it from any source you choose. The end result is the same.
Replace black child with "Hussein" it is his middle name afterall. wink wink. Not too mention they even get the bonus racist innuendo in that Obama is actually part black...Talk about a conspiracy.... "
Raven wrote on Oct 6, 2008 11:41 PM:
kevin wrote on Oct 7, 2008 5:57 PM:
Raven wrote on Oct 7, 2008 9:14 PM:
cab e-girl wrote on Oct 7, 2008 11:20 PM:
Raven wrote on Oct 8, 2008 4:57 AM:
pbsm777 wrote on Oct 11, 2008 9:57 PM:
Well?????? I answered your question, can you answer the same question?
What have YOU done? "