Posted on 09/24/2008 4:09:04 PM PDT by RightOnline
As I've listened to the discussions of the proposed financial market "bailout"....something has finally sunk in.
OK, actually.....two things.
First....it's going to be unbelievably expensive. We're all going to pay the price for the irresponsibility of Democrat policies/politicians and reckless Wall Streeters. Argue that all you wish, but that's a fact.
Second.....as Mr. Obama goes about building his entire campaign on ridiculously expensive, Socialist programs for everything from health care to education to...yes...home ownership, how on earth can he continue to propose such HUGE price tags in light of this new, massive financial burden that is about to be placed upon the American taxpayer?
In other words...can he possibly continue to discuss multi-billion dollar + "initiatives" when the American public are just now coming to grips with a HUGE tab to bailout the financial/mortgage markets?
I think it's political suicide. He'll have to dramatically adapt his messaging, in my humble opinion.
Just me.....or do any of you agree? Am I all wet here?
Yes.
Because the Sheep will be told "someone ELSE will pay for it, not you!"
And the Sheep, being the stupid people they are, will believe it.
I have also heard that the huge cost of the Democrat-caused financial crisis will make it impossible for McCain to put through the kind of tax cuts he wants because more government revenue will be needed.
Now this idea just betrays a complete lack of understanding of basic economics. We will need greater tax cuts because everyone knows the more you cut taxes the greater the increase in tax receipts. Taxes should be slashed by at least 90 percent. That will probably lead to an increase in tax receipts enough to pay for the 700 billion bail out in about one year.
At this point, it looks like Obama is gonna ride this into the White House. The Dems created the crisis (Fox News had a brilliant summary of Barney Frank, Chuck Schumer, et al, refusing to deal with this mess in 2003 and 2005) but their press whores are filling print and air waves with the lie that it is the Repubs’ fault. And the public is believing them. Obama is 10 points ahead of McCain on the economy and the margin is widening.
You be all dry.
He’ll just continue to lie and obfuscate until all the levers of power are safely in communist hands, then expropriate whatever’s still left of the private sector and re-distribute the wealth to his base.
I have felt from the beginning that this is a socialist orchestrated crisis. The econonmy is the ONLY thing that will get Obama elected and this has been in the plan.
We still have time and I don’t think McCain is in too deep of crap here...
I don’t think Obama is quite that lucky. You are absolutely correct that Socialist, leftist Democrats engineered this.....deliberately or otherwise. Whether or not it was engineered to push an Obama into the White House is another topic.
Right you are! I had a very ignorant woman in my office tell me
"0bama is going to give me $1000".
I said 'where do you think that money is going to come from?" and her answer was
"I don't care, from some rich guy."
Please. Stop with the party crp and think about America for a change.
Are you kidding? It’s a huge step forward for the corporatists in the ongoing socialist/corporatist takeover of the US. I’m in despair as to what is happening.
Oh good Lord.....I guess you haven’t been paying attention to current events for some time. Look into what caused this all to cascade to where we are now and you find Bill Clinton, Barney Frank, and other liberal Democrats pushing “home ownership” to “lower income families” through nothing less than legislation......literally mandating that mortgage lenders cater to those who had NO prayer of keeping up their mortgage payments, but hey.....it’s all feel-good PC bulls**t, so who cared, right?
Deal with it. Facts are facts, history is history. No more lectures, deal?
It seems to me an orchestrated effect among the Dems. They WANTED the crisis to hit at about now... 1. so that he would get the boost 2. so that he would have nearly a Socialist economy to begin with (more to sack and loot at the beginning of the term) 3. So that people would feel more desperate and dependant on government, so they could pass whatever they want, towards total socialism. This has been in their minds for a while. Evidence of it is seen in the threat to “nationalize” the oil industry which slipped out a few weeks ago.
He may as a politician would cite a rise in homeownership but he, like John McCain proposed reforms that may have prevented this mess. And the democrats blocked it. Just as they blocked Social Security reform which will be the next train wreck. So while it might be nice if we could all just get along but don’t think for a second that the democrat party, by and large, has your interest in mind. They could give two sh... about us as long as they have power. And this is music to their ears, it’s a great way to usher in ever more socialism and have us all begging for scraps from their tables.
Yes, we all can agree that that is their agenda....but in practical terms, how on earth can they continue to push for such outrageously expensive “programs” that are the hallmark of Obama’s entire campaign on TOP of a new, multi-billion dollar bailout? I just don’t get it; I can’t see it.
Oil companies have lots of profit right now. I think they may plan to steal it.
well if obama wins it won’t be much fun for him.
Term Limits I can't shout this loud enough!
These bastards in the Senate & the House with their Wall Street pals have looted the mortgage industry. (There long serving ..too long )GOP’ers in this also!)
2 terms 12 years in the Senate
6 terms 12 years in the House
Sit out 1 term in the Senate to regain eligibility
Sit out 2 terms in the House to regain eligibility.
Yes it is— apparently the reason for the short sale ban was because of an orchestrated shorting effort from offshore funds. And believe me, I have shorted stocks many time and believe it is a respectable and necessary activity... but support this ban if it was intended to stop a coordinated scheme to bankrupt the US financial system.
There is much more to this story than we know, or that we will ever know.
I have never felt such a sense of foreboding than I feel right now. And not because of my portfolio value- it is at an all-time high. Rather, I see the freedom we have slipping through our fingers in the name of a manufactured crisis.
This is the 9/11 of the left. They are so quick to call it the crisis of late capitalism, and their fellow travelers in the Dem party are eager to nudge us away from liberty.
What better man to “fix” what ails us that a manufactured candidate? A man who rises out of nowhere, author of two memoirs before his 45th birthday, who networked within Marxist circles in the US and who has connections to powerful but nefarious figures outside the US, who maintains a veneer of middle-class American mannerisms and mores, and yet takes advantage of the vast resevoir of white guilt for historical racial injustice. Whoever, or whatever they are have identified and exploited our weaknesses skillfully.
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