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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.
All, too, will bear in mind this sacred principle, that though the will of the majority is in all cases to prevail, that will to be rightful must be reasonable; that the minority possess their equal rights, which equal law must protect, and to violate would be oppression. Thomas Jefferson
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.
Because komrade Bush is a flaming socialist in disguise, expressed through his redistributive monetary policies. He has destroyed the republican party of the 1980s-1990s and made the deal with komrades Pelosi, Reid et al., socialists through fiscal policy.
I am not happy about the bailout but I also realize that years of deregulation and lack of government oversight with the banks is what led us to this point.
Without a bailout now we are all screwed.
Kind of like what happened with Enron and the lack of corporate oversight.
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.
A commentator I was listening to the other day said something like 'even when they probably shouldn't the one thing Dems can be counted on is to try and do the right thing.' He didn't mean Reps wouldn't so don't jump to that but more that overall if you sold the Dem politicians on the idea that they had to do something in order to save their country they would with an almost dogmatic zeal whether they liked what they were doing or not. The more I've thought about that the more I agree with it.
That is not to say Reps won't do the right thing but I think it's obvious from the supporters of both that there are some fundamental differences in how each side thinks. And without sounding like a conspiracy theorist I am convinced that when Paulson met with the Dem leaders he spelled things out in grave terms the likes of which we have still not been told for fear they'll cause a panic. We know he did in fact but neither side has disclosed exactly what he said beyond that it was "dire".
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I am not happy about the bailout but I also realize that years of deregulation and lack of government oversight with the banks is what led us to this point.
Without a bailout now we are all screwed.
That is pretty much where I am at too. The bailout may not work yet doing nothing is guaranteed not to help.
I am not happy about the bailout but I also realize that years of deregulation and lack of government oversight with the banks is what led us to this point.
Without a bailout now we are all screwed.
Kind of like what happened with Enron and the lack of corporate oversight.
Lessons learned.
I agree.
And again, what President signed legislation that allowed it to happen in 1999???
And again, what President signed legislation that allowed it to happen in 1999???
And why did he allow it to happen again?
While we can certainly blame Bill what people seem to want to forget is that that repeal passed in both the House and the Senate first. Both were Republican controlled.
54-44 Senate
343-86 House
To steal from McCain: That, my friends, is veto proof. Had Clinton vetoed it it would have gone right back through and they would have vetoed him.
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.
floridasandy,
I think everyone - democrat or republican - is livid about this bailout bill. I surely am - and I'm a democrat.
I blame both parties for the mess we are in - Clinton signed the bill in 1999 that allowed banks to enter into shady investments, and Bush and his fellow republicans gutted the regulatory agencies and went crazy with deregulation and did nothing during the 6 years they were in total control and warnings were being issued...
I think this mess is disgusting - but what are we to do about it now?
If the bill doesn't pass (which in a way we'd all feel good about), then the markets will tank, credit will freeze up, and millions more of us will be unemployed than otherwise would happen. The economy could go into a very serious recession - unlike any in our lifetime - and could actually approach depression status. I don't think anyone in their right mind wants that.
All I can say is people should think long and hard about voting long-time incumbents back into office. I personally think it is a bad thing to do - they should instead be tossed out on their behinds - from both sides of the aisle.
Anyone who's been in office more than 10 years is probably corrupt - and it's safer to vote them out.
Will people actually do this? I doubt it... but I can always dream...
Amazing how this Do Nothing Congress has managed to pass enuff legislation to totally screw the whole financial system up!!!!
Yes, go back to Clinton to look at the seeds of this debacle . . . but then one has to factor in what Congress has done since . . . and the attitude that Bush has pushed - that "every American deserves a home." I thought that was kinda weird when he said it the first time - cause even tho I agree - all people deserve a home - not all people make the money or have the internal compass to be disciplined enuff to own (and maintain) a home. I kept hearing Bush say this and I was puzzled every time . . . b/c I saw these crazy lender programs (no money down, no doc loans, interest only loans, teaser rate loans, etc) and I thought - wow - people are getting into homes who will NEVER be able to make the payments. Plus, people who get something for nothing often do not VALUE it . . so it seemed to me that anyone who gets something for nothing will just WALK when times get tough.
Sure 'nuff - that is exactly what happened.
Of course, not all homeowners who have homes that have gone into foreclosure are totally irresponsible people . . . but a lot of them were (the ones who lied on no doc loans, for ex, and who knew they could never afford a big home on their salaries).
So here we are . . . in a big mess . . . and it seems the very Congressmen who created the legislation to allow banks to create these wacky lending programs - are now pointing fingers at everyone else and have politicized the situation to the point that the issues are not being discussed. Rather, the focus is on personalities and "wh/ candidate really helped shape the bail out bill" - and not HOW WE GOT INTO THIS MESS.
Pretty crazy. We are in the Silly Season w/ politics . . . and for those of us who are struggling w/ who we even want to vote for . . . this is dismal, as well as disheartening.
Well i would be deemed a democrat and I am very concerned about the bailout. I think funds given back to people that mismanaged it in the first place is criminal. I think the tax payers should get equity interests in each group bailed out. Remember you could buy these companies for less money and we would own 100% why should we settle for 1-% or less? I want us to have majority shares, with control of the boards and I want profit to turn into a retirement investment account for Americans.
I do not want the special interests of business being served so we are the rug mats for corporate greed. I think the execs should be termed and replaced, no benefits, no bonuses, no parachutes. if they were bankrupt these things would not be paid. and thats what they are. If they are guilty of wrong doing lock them up.
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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.
