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To: Lakeshark; Darlin'
It was a disappointment, especially after the VP debate. I never recovered from Senator McCain's early promise to order the secretary of the treasury to immediately buy up the bad home loan mortgages in America and renegotiate at the new value of those homes -- at the diminished value of those homes and let people be able to make those -- be able to make those payments and stay in their homes.

Aside from having no idea what that means or what it would cost, I don't think another big government solution to a problem that government helped to cause will do very much other than throw away both more money and more freedom, a feat that Senator Obama seems quite capable of doing. I would prefer that Senator McCain take the more conservative approach, the one that Governor Palin expresses so well.

You might find interesting the Amity Schlaes book, "The Forgotten Man: A New History of the Great Depression." Reading it in the days leading up to the current financial nightmare was like reading the script before watching the play. Other than the Hoover/Roosevelt initial tightening moves, the knee jerk throw money and programs at the problem seem scarily similar to recent reactions, along with the hopeful but timid Dow increases we have seen lately, increases that quickly reverse course and become severe crashes.

Better buckle up. I think that we are in for a long and unpleasant ride. Better yet, pray.

5,543 posted on 10/07/2008 10:10:01 PM PDT by catpuppy
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To: catpuppy

‘Atlas Shrugged’ seems to be making a bit of a comeback...


5,545 posted on 10/08/2008 6:35:10 AM PDT by null and void (Surely we can print money faster than they can - this is AMERICA!)
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To: catpuppy
It was a snoozefest, Brokaw making sure no questions could hurt Obama, Brokaw mumbling......blah, blah, blah.

McCain's buy back was stunning, true. Unfortunately the "economic crisis" has him reeling, this is one for the ages, one that has been at least stoked, started, and flamed by the Democrats. I think that Rush stated it best today........we have to work like Hell to keep Obama away from the white house. The nightmare of a Bambi/Pelosi/Reid triumvirate is simply not possible to bare, and I don't think we can come back from it. If we succeed at this, then we have to fight the stupidity of McCain's "bipartisan" ideas once he's in office.

Besides, the Barracuda will be close.........

5,547 posted on 10/08/2008 10:05:20 AM PDT by Lakeshark (Thank a member of the US armed forces for their sacrifice)
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