SC Senator: 'We Could Be Headed For Depression'

WYFF ABC 4 Greenville, SC ^ | 2008-09-30

[Fox_Mulder77]

HA! ROTFLOL!

[Blood of Tyrants]

Depression - what you get when the government tries to fix a minor, cyclical recession.

[mlocher]

He said if the plan doesn't pass soon, more banks will fold.

It does look like we need a fiscal fix to this mess from congress. Just not this plan.

[PetroniusMaximus]

"Yoo, hoo.... Lindsey.... where are you?"

[VRWC For Truth]

Let me see. Today I got $100 out of the ATM machine and put a set of winter tires on a credit card without incident. Tomorrow the sun will rise. You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time. It's a crisis in CONFIDENCE they say now. ROFL. PT Barnum. I'm not withdrawing my money to put in a mayonnaise jar and I'm not selling my stocks. If I lose it all, I start over. Crisis my azz.

[elcid1970]

I am so looking forward to voting against Flimsey Tinkerbelle and his fey Nazi staffers so they can all go back to Charleston and organize next year’s Gay Pride march.

Little Lord Grahamesty, begone!

;^)

[Force of Truth]

Maybe there will be a depression, but more socialism will not help us out of it any sooner. Pansy Grahamnasty should read up on the New Deal and how it kept the Great Depression going longer than it should have been.

[absalom01]

He said if the plan doesn't pass soon, more banks will fold. Businesses will close and people will lose their jobs.

Which will also happen if the plan passes.

Gingrich has a better proposal, which was of course, DOA.

[TheRedSoxWinThePennant]

GREENVILLE, S.C. -- Just back from Washington, D.C., South Carolina Sen. Lindsey Graham

had to stop right there

[yldstrk]

One bank in Kansas City took out a full page add to say they were in sound condition and had maintained high lending standards throughout the past years and could continue to do business with those customers that qualified. I am certain there are others around the country that didn’t succumb to the popular subprime temptation.

[Sicvee]

This should be injected into the fray:
http://www.investorvillage.com/smbd.asp?mb=144&mn=7270&pt=msg&mid=5750128

[enduserindy]

A few years of depression sounds much better than a lifetime of socialism.

[Paladin2]

Or not.

[VRWC For Truth]

First it was a bailout for an emegency
Second it was a rescue for an uncontollable event
Today it’s a crisis in confidence in a perceived downturn
Soon it will be never mind

[ikka]

This is the second thread I’ve seen of folks not taking this financial crisis seriously..

... Because people who have seen this play out and knew something like this was going to happen, are refusing to be stampeded into a government boondoggle and welfare handout just because "we need to do SOMETHING!!!! ARGHH!!!"

[mabelkitty]

And?
I don’t recall Washington pumping money into eBay to prop up the value of Beanie Babies.
Which is a micro example of what this current problem is.
Lyndsay needs to get back to focusing on illegal “jobs” in the Oval Office and leave the real bidness to the real Republicans.

[hampdenkid]

When Chris Dodd goes to jail for accepting bribes — er, make that campaign contributions — from the banks he was supposed to be overseeing, I’ll take the crisis seriously. Until then, let it crash.

[mabelkitty]

In other words, they, like Wall Street, want Congress to clean up their own mess and STFU and not drag everyone else down with them.

[BurbankKarl]

and it happened on Lindsay’s watch!

[mabelkitty]

No, no, no.

First it was “I NEED 700 BILLION DOLLARS IN THE NEXT 24 HOURS OR WE ARE ALL GONNA DIE!!!!”

When that didn’t happen, we go the countdown to:

“WE NEED THE MONEY BY 4:00 P.M. FOR A SUPER SECRET MEETING WITH THE PRESIDENT ON THURSDAY OR WE’RE ALL GONNA DIE!!!”

After that, I kinda hoped the whole thing would just crash and we could just get on with the recovery.