Posted on 10/10/2008 2:41:48 AM PDT by DoughtyOne
Edited on 10/10/2008 2:49:43 AM PDT by Jim Robinson. [history]
Bloomberg television states Bush to address the public later this morning.
Bloomberg states: “Bush to assure the American Public he’s going to do all he can.”
10:25am EDT
Stop embarrassing yourself.
That’s my take on it. I’ve not been a happy camper since 1984. I held my nose and voted for Bush in 1988 and 1992. Then Dole and Bush twice. Gag me with a pitchfork.
We kept putting ditzes in there, and now here we are.
The best of two evils is still... what? EVIL!!!!
If the members of the Republican party don’t wake up, we are simply doomed.
I agree. I mean, look, the economy IS a kind of confidence came i.e. we have to take it on trust that when we put our money into a Money Market Account, or buy bonds, or stocks, that we're going to get something out of it...but it's not like we're talking the law of gravity. If everyone JUST DECIDED it wasn't worth it, then, boom, it WOULDN'T be worth it to invest.
We have to blindly trust that this THING--this economy, this society--will persist. And that means, too, that those who will getting bailed out have to do things to prove they're worthy of such--giving out bonuses AFTER you've claimed you need a bailout doesn't make me think your situation's all that seriously in need of bailing-out.
An economy is a system. People think it's this solid edifice, but it's more like a circuit. It doesn't just sit there.
Thank Cedric. I’m glad that made sense to you.
I believe that decent people can have different ideas of what is proper in a time like this.
When did you ever think you and Kucinich would be on the same page?
Bush may be wrong. I know a lot of you think so. I’m not convinced and I’m not in favor of Socialism at all.
We got into a pickle, and something had to be done. Sometimes undesirable action is the only solution. Was it this time? I simply don’t know.
It is called the 401-Keg Plan.
Brilliant! Best investment plan I've heard lately. :)
$700 billion, relative to the size of our economy is “chump change”.
The Bailout bill wasn’t gonna help, but it isn’t gonna destroy America either.
Well, at least some people are having fun:
http://www.mcclatchydc.com/world/story/53611.html
Just saying, but if it was such an emergency, and they had the extra time it took Congress to hammer it out, why isn’t it implemented yet? Did they not have a plan in place of how to implement it? Or was it because Paulson hoped that they’d adopt the original plan, with no oversight, and he’d bee the “grand pooh-bah” and be able to dole it out faster?
What part of what I stated about Bush is untrue?
Is he not turning our country over to socialists? Is he not nationalizing banks, the mortgage industry, The largest transfer of wealth in the history of our republic.
Sir, if you still support Bush, Paulson, then you no doubt are a socialist and by extension in the same group as Bush, Paulson.
Thanks. It looks like we agree. From your comments I think it’s safe to say that we both believe that if folks would simply jump in, the market would operate as it should.
Maybe that’s simplistic, but it makes sense to me.
Works for me.
I realize we’re talking about trillions, and $700 billion is chump change when you are. Still, just like banks don’t keep 100% of deposits on hand, it wouldn’t have taken trillions to help instill confidence IMO.
I’m not completely immune to your logic here though. I do think there are reasoned theories on both sides of this argument.
The bailout should be repealed and the republican plan passed.
On Fox it has been mentioned that the US markets are flling on fears that Obama will be elected POTUS.
ALMOST as terrible a President as Carter . He is the MAIN reason Obama is in the lead right now .
Um, let's see, the words "buffoon", "garbage", "impeached" and "hung" might seem a little irrational to people who are not heavily medicated.
The market is like a battered house wife hopelessly trap in a bad marriage with an overbearing husband, “big daddy” government (Who is constantly pissed because of debt spiraling out of control).
Only solution the husband sees is, beat the hell out of the wife and just print more money.
I don’t believe this is something that is easily targeted. Devising a game plan and implementing it will be tricky.
Your comments about setting up a game plan early may have merit. It may also have been something they couldn’t do legally until Congress and the President approved of it.
I suspect initial moves will take place next week. Those moves would have taken place this week, if our leaders had worked more quickly to approve the bill.
Some of this is my gut opinion, and not backed solidly by something I can remember reading or hearing.
” Bush is a Socialist lackey buffon.
He is a worthless piece of socialist garbage.
He has violated his oath of office to protect the Constitution and should be impeached, tried and hung, along with Paulson and members of congress. “
Yes !
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