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Economists say bailout plan is flawed and isn't needed
Miami Herald ^
| Kevin Hall
Posted on 09/27/2008 4:03:55 PM PDT by Tempest
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Those whom support the bailout
And those whom have tthe courage to stand against it
The choice is clear.
1
posted on
09/27/2008 4:03:56 PM PDT
by
Tempest
To: Tempest
It seems like the House GOP is among about a 10% minority in this debate. This just begs the question, what does the President, his administration, and Congressional leadership want with this deal?
Something just doesn't add up.
2
posted on
09/27/2008 4:07:03 PM PDT
by
Lou L
To: Tempest
3
posted on
09/27/2008 4:07:13 PM PDT
by
zimfam007
(Courage is not simply one of the virtues, but the form of every virtue at the testing point.)
To: Tempest
“’It’s more hype than real risk,’ said James K. Galbraith, a University of Texas economist and son of the late economic historian John Kenneth Galbraith.”
Since I agree, I hope he’s brighter than pop.
4
posted on
09/27/2008 4:07:20 PM PDT
by
Tublecane
To: Tempest
5
posted on
09/27/2008 4:09:55 PM PDT
by
zimfam007
(Courage is not simply one of the virtues, but the form of every virtue at the testing point.)
To: Tempest
80% of Americans do not want this bailout.
McCain should come out against it and let Obama defend the indefensible.
6
posted on
09/27/2008 4:13:04 PM PDT
by
Mikey_1962
(Obama: The Affirmative Action Candidate)
To: Mikey_1962
80% of Americans do not want this bailout.Now you are on to something.
7
posted on
09/27/2008 4:18:25 PM PDT
by
org.whodat
(Republicans should support the SAM Walton business model, and then drill???)
To: Mikey_1962
If 80% of Americans do not want this bailout, then why is Obama pulling ahead in the polls?
8
posted on
09/27/2008 4:19:36 PM PDT
by
Nipfan
To: Tempest
In time, capitalism + free market will self-correct without intervention.
9
posted on
09/27/2008 4:21:57 PM PDT
by
hsrazorback1
(To get what you had, do what you did.)
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The Money, Banking, and Financial Markets Ping List.
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To join, send Freepmail to rabscuttle385.
10
posted on
09/27/2008 4:25:37 PM PDT
by
rabscuttle385
(No to bailouts, no to amnesty, no to carbon credits, no to Big Government!)
To: Tublecane
I think that’s the point. Galbraith (Sr) was a disciple of the Keynesian School, therefore, assuming that his son has followed in the old man’s footsteps, one would normally imagine that a dyed-in-the-wool Keynesian would support a bailout wholeheartedly. The fact that he does not really strongly supports the notion that the bailout is a fraud. I personally agree with Yardeni, who reflects what I wrote in another thread (not that it was an original idea, mind you), but that the market has already handled the main threat. The fact that the market did not fail on Friday is proof enough that the bailout is not necessary.
To: hsrazorback1
Paulson is trying to same his cronies.
12
posted on
09/27/2008 4:29:32 PM PDT
by
pacpam
(action=consequence and applies in all cases - friend of victory)
To: Nipfan
Because neither Obama nor McCain have taken a strong position on the issue. And the current econommic issue is being blamed on Bush, people will naturally attach Bush to McCain as opposed to Bush to Obama.
13
posted on
09/27/2008 4:30:01 PM PDT
by
Tempest
(http://www.youtube.com/watch?v=gNlXgzzdJQA)
To: hsrazorback1
"In time, capitalism + free market will self-correct without intervention."
While true, the only unknowns are how long it will take and how painful it will be.
14
posted on
09/27/2008 4:35:51 PM PDT
by
verity
("Lord, what fools we mortals be!")
To: Tempest
No damn bailout needed. Bush has lost his mind.
15
posted on
09/27/2008 4:35:53 PM PDT
by
Logical me
(Oh, well!!!)
To: Tempest
...the intervention may prevent or delay the necessary failure of weak financial institutionsBump to that!
16
posted on
09/27/2008 4:36:07 PM PDT
by
calcowgirl
("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
To: Lou L
This just begs the question, what does the President, his administration, and Congressional leadership want with this deal? Bush has been touting "homeownership" his entire seven years.
Cuomo's predecessor, Henry Cisneros, did that for the first time in December 1995, taking a cautious approach and moving the GSEs toward a requirement that 42 percent of their mortgages serve low- and moderate-income families. Cuomo raised that number to 50 percent and dramatically hiked GSE mandates to buy mortgages in underserved neighborhoods and for the "very-low-income."
Snip
That June Post story focused its critical reassessment of HUD's affordable-housing goals on the department's 2004 decisionduring the Bush re-election campaignto juice them up again, pushing the target to 56 percent by 2007.
From here.
He's trying to save his legacy. Or, he's been duped.
17
posted on
09/27/2008 4:37:18 PM PDT
by
raybbr
(You think it's bad now - wait till the anchor babies start to vote!)
To: Mikey_1962
Depends what poll you believe. Rasmussen says 20% favor, Gallup says 80%. It’s all in how you phrase it.
What I have seen, however, is that everyone heels like the public is getting screwed either way.
To: Tempest
"There has grown up in the minds of certain groups in this country the notion that because a man or corporation has made a profit out of the public for a number of years, the government and the courts are charged with the duty of guaranteeing such profit in the future, even in the face of changing circumstances and contrary to public interest. This strange doctrine is not supported by statute or common law. Neither individuals nor corporations have any right to come into court and ask that the clock of history be stopped, or turned back." ~ Robert A. Heinlein Life-Line (1939)
19
posted on
09/27/2008 4:46:21 PM PDT
by
2ndDivisionVet
(Barack Obama: In Error and arrogant -- he's errogant!)
To: pacpam
Paulson is trying to same his cronies.
??
Hmmm, let's consider the possibilities:
- 'same'- have the same fate? Yep. He looks pretty foolish...
- 'save'- bail out. Yep. He'll try - and hopefully fail.
- 'shame'- Yep. He did that. The highly-compensated CEOs and fund managers look pretty shameful now.
I give up. Any of the choices work. Which did you mean? All? LOL.
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