YES! Look at the power GWB gave to democrats. Economic Freedom republicans are demoralized, completely unrepresentative. His father never dug us a hole this deep, we had a chance 16 years ago.
I pray GWB doesnt hand democrats anymore power and moral authority before he leaves office.
Pray for President Bush and America - Day 2989
| November 19, 2008 | Faith
http://www.freerepublic.com/focus/f-news/2134681/posts
Speak for yourself, Ben. Anyone with a functioning brain cell and any concept of capitalism and what America is supposed to be was against that boondoggle from the moment they heard about it.
We're doing it again.
Many people have told me that "I just don't get it" and "If we don't do something, it could get really, really bad". I'm just not buying it. I'm a Conservative. I have faith in markets. Having some central authority step in and nationalize failing businesses (banking, autos, etc.) just is NOT going to seem like a smart idea to me.
The government needs to cut regulation and cut taxes and then just sit there.
I agree with the premise of the article which, as I interpret it, is that “bailouts” and “handouts” constitute nothing more than moving dollars around within an economy - and in many cases doing so with horrible inefficiency. It does nothing to create wealth which is the panacea to recession. Wealth is created by increased productivity - not movement of money. Movement of money is the byproduct of increased productivity. Pushing already existing money through nonproductive channels only exacerbates the problem.
I personally advocate a wage system based on productivity - even if it can only be estimated as is done in job performance reviews - with a base minimum stipend salary. Combined with the engine of capital, this makes economies grow faster than anything else.
possible ping
“Great stuff.”
No question. Sadly, Paulson is going to look like a genius compared to the folks about to take charge next January. Historians hopefully will someday explain the pandemic of wishful thinking that has infected the public and policymakers during this strange political season. Obama has ginned up hopes far beyond the capacity of even a competent president to deliver, much less one so lacking in experience or bold decision-making.
And the very same capacity of Obama’s voters to ignore common sense and the lessons of history in favor of grandiose promises and empty platitudes underlies the willingness of others to believe that a “saviour” like Henry Paulson can spare us from the harsh economic medicine that Ronald Reagan and Paul Volcker dispensed (with great success!!!! How quickly we forget!) a quarter century ago.
Who's 'we' kimosabe?
L
Would have gotten more of a benefit just handing the bailout over to the pirates from Somalia than these guys and gals. I don’t get what the problem is with going bankrupt. Sure no one and no company should want to go bankrupt and it is a long drawn out paper intensive thing and you betcha some creditors will get screwed but it truly seems the only way that doesn’t break the country and there would be accountability and transcparency in a bankruptcy court and some of the crappy CEO’s will have to go. Maybe that’s why they are afraid of —accountability. I can’t believe Barney was saying crap about bankruptcy with His Excellency was hollering about changing the bankruptcy laws (something his VP helped changed)to protect more consumers and fools who didn’t read the mortgage agreement they signed or couldn’t read since they were illegal aliens. Bankruptcy is in our constitution unlike other countries and it is there to help the debtor and keep the business going so the world continues to go. If they can’t make it happen in bankruptcy court, then they don’t need to exist. Sure no one likes it but bankruptcy would solve the issue of the automakers easier, more efficiently and would free up those bailout funds for more useful purposes like Somalian pirates (just a joke—wasn’t supportive of the bailout myself). If they won’t go bankrupt, their creditors should make do the involuntary bankruptcy on them.
Will we be stupid enough to believe them again?
We, The People did not fall for this bait & switch fraud. It was the idiot Congressmen. The People told them in no uncertain terms to kill the bailout. But Congress just couldn't resist meddling (and lining their pockets).
And yes, Congress will fall for it again...just like they did to cause the Great Depression.
Thanks Congress and President Bush...for putting us on the Highway to Hell!
We know something must hapened to America ...
Ecclesiastical Babylon is all apostate Christendom.
Read Revelation 18:4-19
“Revelation 18:4-19 (Young's Literal Translation)
Young's Literal Translation (YLT)
Public Domain
4And I heard another voice out of the heaven, saying, `Come forth out of her, My people, that ye may not partake with her sins, and that ye may not receive of her plagues,
5because her sins did follow — unto the heaven, and God did remember her unrighteousness.
6Render to her as also she did render to you, and double to her doubles according to her works; in the cup that she did mingle mingle to her double.
7`As much as she did glorify herself and did revel, so much torment and sorrow give to her, because in her heart she saith, I sit a queen, and a widow I am not, and sorrow I shall not see;
8because of this, in one day, shall come her plagues, death, and sorrow, and famine; and in fire she shall be utterly burned, because strong [is] the Lord God who is judging her;
9and weep over her, and smite themselves for her, shall the kings of the earth, who with her did commit whoredom and did revel, when they may see the smoke of her burning,
10from afar having stood because of the fear of her torment, saying, Wo, wo, the great city! Babylon, the strong city! because in one hour did come thy judgment.
11`And the merchants of the earth shall weep and sorrow over her, because their lading no one doth buy any more;
12lading of gold, and silver, and precious stone, and pearl, and fine linen, and purple, and silk, and scarlet, and all thyne wood, and every vessel of ivory, and every vessel of most precious wood, and brass, and iron, and marble,
13and cinnamon, and odours, and ointment, and frankincense, and wine, and oil, and fine flour, and wheat, and cattle, and sheep, and of horses, and of chariots, and of bodies and souls of men.
14`And the fruits of the desire of thy soul did go away from thee, and all things — the dainty and the bright — did go away from thee, and no more at all mayest thou find them.
15The merchants of these things, who were made rich by her, far off shall stand because of the fear of her torment, weeping, and sorrowing,
16and saying, Woe, woe, the great city, that was arrayed with fine linen, and purple, and scarlet, and gilded in gold, and precious stone, and pearls — because in one hour so much riches were made waste!
17`And every shipmaster, and all the company upon the ships, and sailors, and as many as work the sea, far off stood,
18and were crying, seeing the smoke of her burning, saying, What [city is] like to the great city?
19and they did cast dust upon their heads, and were crying out, weeping and sorrowing, saying, Woe, woe, the great city! in which were made rich all having ships in the sea, out of her costliness — for in one hour was she made waste.”
Now (for one thing) most all our goods are brought by ships ... this is possible if not for sure. Consider well.
Finance is the most powerful industry. Some may imagine that finance exists to provide housing and jobs, but it doesn’t. Finance exists to be finance, the most powerful and profitable industry ever.