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Im a liberal democrat(not gonna change anytime soon) and I am appaulled by this bailout. I dont anyone who thinks this is a good idea. In fact, everyone I know is vehemently opposed.
Wait, you like regulation then? Heck, you should been drooling over the bill. It was nothing short of EXTREME regulation. Regulation is what brought this mess about, de-regulation was an attempt to correct things, but all it did was untie the beast that regulation had created. We need ride it out, let the beast die and the tell regulation proposals to stick it where the sun doesn't shine. You know, actually have a "free market" rather than a half regulated pile of garbage that is so screwed up it doesn't know its head from its rear.
you have this totally backwards, it was the De-regulation and the repeal of the Glass Steagal act in '99 by P Gramm that gave the banks the "free market" and un-regulation and the ability to sell credit swap defaults (CSD) to each other that has brought on this crash if we ride it out we all will be banking at the Bank of Buffett
you have this totally backwards, it was the De-regulation and the repeal of the Glass Steagal act in '99 by P Gramm that gave the banks the "free market" and un-regulation and the ability to sell credit swap defaults (CSD) to each other that has brought on this crash if we ride it out we all will be banking at the Bank of Buffett
And it was regulation that allowed these companies to become dominate market holders so they could push their weight around. Regulation cut out the competition and put the companies in the back pockets of the politicians, increasing the incentive for companies to line the pockets of politicians to gain more power and cut out anyone that got in their way. Regulation IS the problem, always has been, but the people keep wanting to cut that portion out and point to the devastation caused from finally freeing the market as if it were the problem. Watch the walnut shell, keep your eye on it, look for the ball, see it.... You have been suckered. Seriously, this is nothing more than a sucker game attempting to push the idiots into MORE regulation.
are these democrats not worried about the bailout because they have been conditioned to believe that throwing government money at a problem solves the problem? we should all be angry that they are using our money to solve their problem, and i mean both republicans and democrats.
Does it matter how upset we get if we can't do anything about it?
I'm upset about it too, and it goes back before 1999. Look at Clinton's beefing of the Community Reinvestment Act of 1977 in January of 1995. That pushed government involvement into the mortgage business by requiring banks to give out a quota of risky/bad loans to meet merger ratings. There's enough blame to go around for everyone, but a bailout right now is not the answer, especially with ANY earmarks included: ACORN Issue Fueling Bailout Opposition, By Ryan Grim - CBS News
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we should all be angry that they are using our money to solve their problem, and i mean both republicans and democrats.
