Posted on 09/23/2008 8:26:22 AM PDT by TSchmereL
Michelle & Co. -
Looks like Joe Biden, in his interview with Katie Couric, was copying off the wrong classmates exam again. He said (video here)
When the stock market crashed, Franklin Roosevelt got on the television and didnt just talk about the princes of greed. He said, look, heres what happened.
My recollection is that the stock market crash was in 1929. Two problems here: Television did not even exist in 1929, and FDR was elected in 1932, so he wasnt even the leader at the time of the crash.
When Joe was in history class, was he cheating by looking over the class dunces shoulder, or does he just make this stuff up? Of course, TV celebrity Katie Couric also didnt note that Bidens statement was doubly incorrect. Her goal was a softball puff piece.
LOL...at first I thought it was Rush playing it...but then (duh) I realized...its a coal commercial!!! Absolutely...but I bet they already heard about Biden on coal.
LOL...at first I thought it was Rush playing it...but then (duh) I realized...its a coal commercial!!! Absolutely...but I bet they already heard about Biden on coal.
That is a great bumper sticker....Right Wing Teen and his friends are laughing at it...
Uhhhh... we work for the New Media.
Sure!
Welcome md1969, it’s a big tent with many Great Americans.
Glad to have you with us for the home stretch :)
Let us hope that the debate on Friday will show both in a “natural” light, and things will become clearer to those who have a view of Obama through “rose-colored” glasses.
My grandfather was born and raised in PA.
My husband has family and friends in PA.
WE LOVE COAL!!
Good afternoon, megablankcheckdittos from Biggirl, Podunk Catlover REPORTING IN! :) =^..^=
Late PING!!!!!!!! :) =^..^=
Now spewing Monutain Dew instead of coffee,down with yet another keyboard.
RUSH needs to see this:
Republican Study Committee Releases Alternative to Bailout Proposal
http://www.humanevents.com/article.php?id=28678
The Republican Study Committee has released an alternative to the Treasury Department’s bailout proposal and will discuss the proposal at a press conference today. Conservatives have expressed concern that the Treasury’s proposal will alter the country’s free-market system, awards massive authority to the Treasury, and fails to penalize debtholders and shareholders. The committee’s free-market alternative is listed below:
REFORMING A TAX CODE THAT DISCOURAGES CAPITAL FORMATION
Two-Year Suspension of the Capital Gains: Immediately suspend the capital gains rate from 15% for individuals and 35% for corporations. By encouraging corporations to sell unwanted assets, this provision would unleash funds and materials with which to create jobs and grow the economy. After the two-year suspension, capital gains rates would return to present levels but assets would be indexed permanently for any inflationary gains.
REFORMING A FAILURE IN GOVERNMENT INSTITUTIONS
Schedule the GSEs for Privatization: Transition Fannie and Freddie over a reasonable time period to truly private companies without special government privileges and open them up to real market competition. This reform would 1) establish commonsense limits for their capital requirements and portfolio holdings relative their size, 2) focus their mission on affordable housing only, not profit making, 3) require them to pay an appropriate risk-based amount for the government guarantee they enjoy, 4) subject them to state and local taxes and accurate SEC filings like every other private for-profit corporation, and 5) ultimately provide for the phase out their GSE charters once their conservatorship has ended. In a matter of mere weeks, Fannie and Freddie have gone from too big to fail to too dangerous to repeat. This hybrid illusion must not be allowed to continue.
Stabilize the Dollar: Repeal the Humphrey-Hawkins Full Employment Act which diverts the Federal Reserves attention from long-term price stability to short-term economic growth. In an effort to fuel the economy, this additional mandate has encouraged the Fed to keep rates artificially low, fueling economic boom and busts, and now a strong up-tick in inflation and the decline of the dollar (as investors free dollars for hard assets). This reform would require the Fed to establish a numerical definition for price stability and maintain a policy that promotes it over the long-term.
REFORMING A FAILURE IN GOVERNMENT REGULATION
Suspend Mark to Market Accounting: Suspend the mark-to-market regulatory rules for long-term assets. These rules require financial firms to mark assets at current market levels, even where the no market exists and any immediate transactions would result in fire-sale prices. Instead of allowing firms to mark these assets to their true economic value, these rules contribute to a downward spiral as firms have to evaluate their assets not on the basis of their long-term investment but rather on a short-term mania.
Welcome aboard!
My grandfathers were both coal miners...(my grandfather brother was a safety inspector for a Pennsylvania mine. He had to leave Germany (in 1927) because Hitler had a price on his head.
Hi Squaw PodunkCatlover...How are you??
Good Afternoon Fuddy!
Yep, my hubby’s father was a coal miner in Olyphant Pa, before he went to work for M & M Mars, in Hackettstown NJ.
Here in NW NJ, we like coal too! :0)
At least Biden didn’t ask FDR to stand up!
Rush is talking about that now. LOL!
I love plugs he is the gift that just keeps on giving, the daily gaff machine.
:) thats the whole point. In this part of the country you can’t find somebody who doesn’t have someone in their family who worked the mines. And here (SW PA) we get our power almost exclusively from coal.
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