Posted on 09/20/2008 9:38:26 AM PDT by K-oneTexas
The big problem is that after all these years of politicians trying to swing votes with an endless series of media supported sob-stories of the average family living from paycheck to patcheck; the corporations with the aid of these same politicians have been doing the same thing with the national treasury.
The only difference being that the corporations have been engaging in a series of check-kiting type schemes where they shift assets and debts from hand to hand while pocketing the change from each transaction as the combined debt piles up.
Worse, this whole mess has become global in its reach as this week’s rescue of AIG has shown us. The $85 billion lent by the Feds is chump change to the outstanding debt of AIG and barely enough to cover this month’s payroll.
Other governments are reacting to this and are going through the same sort of rapid calls for payment we see in our markets (http://www.usnews.com/articles/business/economy/2008/09/19/a-new-direction-on-wall-street.html); if we’re not headed for a depression, then this has got to be right up there with grandpa betting the farm on a open straight.
To view everything thru a ‘bi-partisan’ lens misses the root cause..which goes back to democrat policies. I don’t have time to argue the point with either of you right now. Like i said, there is plenty of info out there and on here about the dem fingers in this whole mess.
Sorry...you cannot divorce this meltdown from ‘politics’..because politics are largely to blame.
I understand that many need hit between the eyes with a two-by-four to see things clearly. Having learned a lot from my Grandparents, Parents, Aunts and Uncles that lived though it ... I wouldn’t wish it on anyone. I do see and understand your point though.
You are doing yourself a disservice to think that every issue is one of us versus the Dems/liberals and that the ones we choose to elect or support are always on the side of good. Naive thinking. I am a conservative not a Republican. Political beliefs are far different than political parties.
>There’s no way taxpayers are going to agree to privatization without reasonable, but solid, regulations on Wall Street. And they have to know those regulations are being ENFORCED.<
Are you a comedian? Did Bush ask you if it was ok with you to use $283 dollars of your taxes for the bailout? No, he didn’t and he’s not going to give a rats ass what you think next time around either. Quit thinking that you have a voice in these matters and you’ll be more on track with the facts.
Real income has been rising during the last 4 years.
Income is not falling and were not entering anything akin to a depression.
Call McCain what you will but he sounded out in the past about the Fannie Mae mess.
Elect an Obama will ruin our country. This is not a lesson we need. We still are reeling from the bad foreign policy
of Carter.
Two realities we face in this election: Economics/financial as well as National Defense/Terrorism. Yes, this could be a moment those outside have waited for ... rather than complacency maybe disorganization on the part of the gov’t and populace.
You are making an assumption about me, that you have no facts to back up!
This is ONE ISSUE...with democrat culpability and graft sticking out on all sides of the cactus.
This needs to be exposed, so that Obama Inc. doesn’t end up ruining this country and many of us intend to make sure that it is!
FRegards.
Not to be picky; but that statement is not quite accurate
And he’s going to throw the country to the dems for the next two decades if those rats on wall street are allowed to get away with this with no strings attached.
Bush dropped the ball on the economy. He's very single minded - like a dog after a bone, I'm afraid.
No doubt it is ‘complex’...I am content however to use it in a partisan way to expose and hammer Obama Inc.....LOL
You guys that know the financial markets can discuss the nuances.
No hard feelings..these are passionate and scary times.
Your partisan pal,
Penelope
Rising health costs, rising utilities, rising gas bills, rising grocery bills.
There's statistics, and then there's damn statistics. I think we've been damned.
The republicans in Washington are not conservatives.
Hey, Obama agrees with socialism which accepts Marxism. Right? So in other words when you strip all the fur off, he’s a Marxist, a Communist. If roughly 50% of voting America supports Obama then roughly 50% of voting America supports Communism.
Our mass media overwhelmingly supports Obama. That’s obvious to even the deaf and blind. Your neighbors who are Democrats support socialism. There’s a bunch of guys and gals where you work who support it. Ypur kids teachers support and the college professors support it. You want to worry about the national/world economy when half the country is 180 degrees out of line with you AND the Founders of America.
We have got much bigger problems than maintaining a global economy, in my opinion. #1 How much food do you have in YOUR house?
By letting the crooks off on Wall Street with their golden parachutes, we are much more likely to end up with the dems in office for a couple of decades. People are mad.
I believe JFK was the last Democrat to actually go through with his campaign promise of tax cuts.
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