Posted on 09/30/2008 5:45:48 AM PDT by tobyhill
This is a naming thread since the GOP won't do it.
You’re incoherent.
McCain was just on Fox, he supports the bailout.
There’s an awful lot of that going around here lately.
Enough with the lame vanities already!!!!!!!!
Just give a name of who’s to blame. Are you effected by it?
1. The 2nd bill was better than the 1st, but still stinks.
2. Having not passed it will likely cause a global bank meltdown, resulting in you and your neighbors making a run on the banks within the next 2 weeks.
3. This isn’t about the DOW, as markets tend to bounce back.
4. The FDIC $100K protection is meaningless when banks, companies, and countries have no confidence in each others paper.
5. The next bill will have MORE liberal pork in it, AND it will be too late to prevent #2 above.
6. This will result in an Obama victory and then EVERYTHING will get much worse.
GE... didn’t they just book a mega deal with Iran?
Thus there are many on FR who would never dream of making broad sweeping claims about physics, say, because they realize that they don't know enough about it to pronounce on it authoritatively.
Yet many of the same individuals have no problem dictating various financial and economic nostrums - regardless of the fact that they cannot distinguish between revenue and profit, cannot define working capital, or tell the difference between current yiled and total return.
They can't do simple division ("$85B for AIG means $425K per taxpayer!), but they can tell you what the IRR on the bailout package is.
Thus there are many on FR who would never dream of making broad sweeping claims about physics, say, because they realize that they don't know enough about it to pronounce on it authoritatively.
Yet many of the same individuals have no problem dictating various financial and economic nostrums - regardless of the fact that they cannot distinguish between revenue and profit, cannot define working capital, or tell the difference between current yield and total return.
They can't do simple division ("$85B for AIG means $425K per taxpayer!), but they can tell you what the IRR on the bailout package is.
The democrats were planing on running the passage against the republicans.
so now they are running the failure to pass.
This bailout is REALLY about the insiders saving themselves. They don’t give a poop about outside the beltway.
This is “i got mine” protection.
Ummm, I might try that simple division again.
the beltways aristocrats count on that.
If rush had a Ecconomic Education Minute, the congress critters would create legislation to create an ignorance minute.
Let me guess: only one corporation?
GE will benefit from a bail-out
I see. The entire bailout package is designed to benefit GE.
and thus it helps MSNBC
I see. It's all a grand conspiracy to finance a subunit of GE that has maybe one-half of one percent impact on GE's net income.
You realize that you sound exactly like a DUer who would argue that a expiration on the offshore drilling ban is all a plot to create business opportunities for Halliburton.
I think Jane Seymour got a raw deal on Celebrity Dancing with the American Idols, how about you?
I go for Gingrich’s proposals:
Gingrich’s four-point plan includes: (1) suspending immediately mark to market provisions (the accounting practice of valuing a financial position in an investment at its current market price) in the hopes of stopping the downward spiral in asset values and eventually replacing it with a three year rolling average; (2) repealing immediately Sarbanes-Oxley, the 2002 accounting law Gingrich described as “an enormous drag on small business”; (3) setting the capital gains tax rate at zero “matching the Chinese and Singapore” (to encourage private capital to flood into the market picking up properties without the taxpayers being at risk); and (4) passing an “extraordinarily powerful” energy bill (”to return $500 billion a year to the American economy that are currently going overseas”).
For illustration purposes, I repeated the example of a simple division mistake that has been posted again and again on these threads.
I know 85B does not equate to 425K per person - but I am in the minority apparently.
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