And I see it like this too:
Posted on 09/28/2008 9:26:02 AM PDT by RetSignman
I live to piss on her grave. I know there will be along line.
Just outright hysterics.
Study the situation in the fall of 1942 sometime, then we will talk.
Here we go, not mentioning corruption, deregulation of banking, bog down to special interest by Republicans etc etc..
Where is my retirement money invested in Washington Mutual, Wachovia, AIG ????
While I lost my ass, Bush and Republicans are now giving our money to bailout Wall Street crooks.
Washington Mutual "new" CEO is going to get 15 millions for his "hard work" of last two weeks, shareholders are being screwed.
Is Bush whom I voted for twice going to bail me out, cause of my "bad investments" like he is bailing banks for "bad loans" and AIG with taxpayers money ????
Banks knew in their greed they were writing potential "bad loans". Nobody warned me that I am making "bad investment" investing in "Blue chips", and nobody warned me that if my investments go bad the crooks are still going to be bailed out and I and millions of taxpayers are going to pay for it and get screwed.
Anybody wants me to vote Republican? There is still lots of delusional people here, but I am not one of them. Take it to the bank (if there is still one) that "Maverick" McCain (who was never a conservative and he's got no clue how to deal with the future, he is trying to run on the failed past) is going to lose election and Republicans are history until they become a conservative party again. Not going to happen in a foreseeable future.
“This is how liberty dies - to thunderous applause.”
Used to be only property owners got to vote in this Republic. Gradual changes toward a Democracy has brought everyone (even the dead) a vote. And the argument for it is of course fairness. Try telling the squatters of this country they no longer have a vote and you'll see the Communist Party USA become the overt and accepted political power it has until now not attained.
A week ago I would have laughed at what I now believe. I think that the rich globalists like George Soros, Warren Buffet, and Maurice Strong, believe that the world would be a “better place” if it was more feudal. They will be in charge and they will distribute the resources of the world to the rest of the people in a way that (in their eyes) is more fair. There really isn’t room for an American middle class consumer in this new global socialism.
One of the paths to achieve their goals was the global carbon tax. Now that most Americans realize that the science behind global warming is a joke, the globalists went to Plan B. Did you notice Al Gore having a hissy fit the last couple of days? He didn’t get his job done convincing Americans that this is “super cereal” and he’s out.
They put their boy Paulson up to shout the sky is falling, to make the sky fall in the financial markets. If Americans won’t replace American-style capitalism with socialism for global warming, maybe they will give it up if threatened with another Great Depression. Once America is more socialist, the power brokers can stop having to deal with the elected officials who might get kicked out of office, and can deal more directly with the government administrators. Dealing with a guy like Paulson is much easier than dealing with Congress.
I don’t see a way to win this one in the short term. I’m afraid global socialism is going to happen whether we like it or not. And when it happens, I’m not sure we’ll have the chance to fight, even with arms.
well one thing is for sure. Americans had their chance to get a “maverick” and they lost it. time for some real conservatives next time.
I wish I could reside in your comfortable, myopic and rose colored skies world but I’ve lived long enough to remember what used to be and is now gone.
Sleep well.
And I see it like this too:
We shall see.
Blunt's side-by-side comparison
First off, when will we see the ACTUAL language of the bill posted online for all to review? We have this side-by-side comparison from Mr. Blunt, but this is not much to work with. Such as it is... Can anyone here carefully parse this side by side comparison and tell me how this is a win?
Throwing out the ACORN money, the Union Thug participation and the bankruptcy cram down provision was a given all along. In negotiations such rediculous proposals are what we call "throw aways" as in they were put in the bill specifically for the purpose of agreeing to take them out and pretending you've compromised and met the other party half way.
This is clearly still a 700 Billion Dollar bailout, and Republicans should grow some Gonads.
Where is the 2 year relief on capital gains taxes?
Where is the provision that this money be used ONLY for rescue of American companies?
Where is the provision that this money be used ONLY for the purchase of home mortgages?
Where is the ban on handing this money over to institutions holding Credit Default Swaps and other "mortgage related securities" (most of which are FOREIGN investment banks)?
Side-by-Side Comparison of Rescue Legislation
|
Issue |
Paulson Plan |
Frank-Dodd |
Final Bill |
|
$ |
700B |
700B – Delivered in 150B traunches that can be delayed by Congressional disapproval (and a Presidential signature) |
250B – Immediately available to the Secretary. 100B – Available upon report to Congress. 350B – Available ONLY upon Congressional action.
|
|
Insurance (House Republican Mode) |
|
|
Requirement to establish mandatory insurance/guarantee program at no expense to the taxpayer. “Pay to play” for participating companies, based on risk.
|
|
Executive Compensation |
|
Far reaching executive compensation standards that would affect companies not even involved in this financial crisis. Additionally, the bill lowered the deduction on executive pay to $400,000 for ALL companies. |
Workable prohibitions on executive compensation to ensure bad actors are not rewarded. In a total takeover (like what happened with AIG), there will be no golden parachutes or severance pay. For equity participation, over $300M total ban for top 5 executives on golden parachutes and tax deduction limit on compensation above $500,000.
|
|
Oversight/Transparency |
|
Onerous, unworkable and repetitive reporting and oversight requirements, hindering proper implementation of program. |
Establishment of bipartisan oversight commission, split evenly between minority and majority. Practical reporting requirements to ensure proper reports to Congress and the public.
If after 5 years the government has a net loss of taxpayer funds as a consequence of the purchase program, the President will be required to submit a legislative proposal to recoup such funds from program beneficiaries.
|
|
“Say on Pay” Union Take Over of Corporate Boards |
|
So-called “say on pay” or “proxy access” which propose to mandate a nonbinding shareholder vote on proxy access and other corporate governance issues for all companies in which the Treasury Department buys a direct stake in certain assets.
|
OUT |
|
Affordable Housing Slush Fund (ACORN Fund) |
|
Included a giveaway that would force taxpayers to bankroll a slush fund for ACORN – an organization fraught with controversy for, among other scandals, its fraudulent voter registration activities on behalf of Democratic candidates.
|
OUT |
|
Bankruptcy “Cramdown” (aka, trial bar give-away) |
|
Included so-called “cramdown” provisions allowing bankruptcy judges to reduce mortgage principal under the guise of helping those at risk of foreclosure. If enacted into law, the provision would be a bonanza for trial lawyers and undercut the effectiveness of any economic recovery effort by making it even harder to value mortgage-backed securities.
|
OUT |
|
Mark-to-Market Accounting |
|
|
GAO study on the impacts of mark-to-market accounting standards and effects on the banking crisis. Restatement of existing authority to suspend mark-to-market.
|
|
Equity/Warrants |
|
Mandatory equity interest in all participating firms. |
Mandatory equity interests in total takeover scenario. Proportional equity interest based on percentage of assets sold if deemed appropriate Secretary. |
|
Tax benefits for community banks |
|
|
Ability for community banks to take capital losses on GSE assets against ordinary income. |
Outstanding post and thanks ETL
Thank you for your words, let us hope that the churches in the near future aren’t forced to be underground places of worship. I’m truly sorry that my vision is so vivid to me.
You're welcome. Your post was right on as well...
http://www.freerepublic.com/focus/news/2092415/posts?page=18#18
[We shall see.]
My question would be WHERE will we see it. On television? In the papers? Will you even be able to HEAR it on the radio after this election?
15 replies · 277+ views???
Really?
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