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03-09-2009, 11:40 AM
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Senior Member
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Join Date: Nov 2007
2,980 posts, read 1,305,392 times
Reputation: 1512
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McCain and Shelby - I do not understand
These two could start their own comedy duo, or maybe a song and dance team, but to think that these two are spouting nonsense on Sunday talk shows is a waste of comedy, and dangerous to boot! There they were, McCain on FoxNews Sunday and Shelby on ABC's This Week, spouting such utter nonsense about the banking system that it's obvious to all Americans that we made the right choice in November.
McCain, "I don't think they've made the right decision, which is to let these banks fail".
Shelby, "Theyve got to close some big banks, they don't want to do it, I don't want to nationalize them. We've got to close them".
Because we all remember how well that "let Lehman Brothers fail" plan worked out so well! Letting Citigroup fail, with its myriad connections to the worldwide banking system, would make the Lehman debacle look like a day at the beach.
About 25% of the corporate bonds in the US are BANK BONDS. If a large chunk of those go in one fell swoop it would make last fall look easy.
golfgod
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03-09-2009, 11:59 AM
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Senior Member
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Join Date: Dec 2008
716 posts, read 186,428 times
Reputation: 212
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You will recall that, during the 2008 campaign, McCain admitted he knows little about economics. Therefore, I tend to discount his opinions on that subject. 
Judging by Shelby's comments, I'd put him in the same class as McCain. |
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03-09-2009, 12:04 PM
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You going to eat that?
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Join Date: Feb 2009
Location: Ew Ess uv Ai
590 posts, read 133,442 times
Reputation: 139
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If it's a poll, the answer is morons...
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03-09-2009, 12:07 PM
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Senior Member
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Join Date: Dec 2008
Location: New York, New York
4,699 posts, read 1,316,125 times
Reputation: 859
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Quote:
Originally Posted by golfgod
These two could start their own comedy duo, or maybe a song and dance team, but to think that these two are spouting nonsense on Sunday talk shows is a waste of comedy, and dangerous to boot! There they were, McCain on FoxNews Sunday and Shelby on ABC's This Week, spouting such utter nonsense about the banking system that it's obvious to all Americans that we made the right choice in November.
McCain, "I don't think they've made the right decision, which is to let these banks fail".
Shelby, "Theyve got to close some big banks, they don't want to do it, I don't want to nationalize them. We've got to close them".
Because we all remember how well that "let Lehman Brothers fail" plan worked out so well! Letting Citigroup fail, with its myriad connections to the worldwide banking system, would make the Lehman debacle look like a day at the beach.
About 25% of the corporate bonds in the US are BANK BONDS. If a large chunk of those go in one fell swoop it would make last fall look easy.
golfgod
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I would say morons, the market has dropped 40% since Lehman Bros. I don't want to think what would happaen if Citi Group failed. 
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03-09-2009, 01:48 PM
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Senior Member
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Join Date: Nov 2008
Location: Fort Worth
356 posts, read 99,811 times
Reputation: 153
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Did it occur to you that they might be morons on drugs. Or they would rather see the country fail to 3rd world level than to see Obama successful. Traitors of the worst sort.  |
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03-09-2009, 02:12 PM
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Senior Member
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Join Date: Jul 2007
705 posts, read 421,971 times
Reputation: 127
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I agree wholeheartedly with Shelby's position and since I am a resident of the state he represents, I get to continue to vote him back to Washington. I guess my opinion is much more important in this case than yours.  |
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03-09-2009, 02:16 PM
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Pro Freedom. Pro America. Pro Women. Pro Choice.
Status:
"I love the Winter Season! HAPPY HOLIDAYS!"
(set 8 days ago)
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Join Date: Oct 2008
4,943 posts, read 1,249,933 times
Reputation: 1234
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They are morons on drugs and much much more.
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03-09-2009, 02:21 PM
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Senior Member
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Join Date: Jul 2007
Location: Midwest
3,744 posts, read 942,931 times
Reputation: 674
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Quote:
Originally Posted by golfgod
These two could start their own comedy duo, or maybe a song and dance team, but to think that these two are spouting nonsense on Sunday talk shows is a waste of comedy, and dangerous to boot! There they were, McCain on FoxNews Sunday and Shelby on ABC's This Week, spouting such utter nonsense about the banking system that it's obvious to all Americans that we made the right choice in November.
McCain, "I don't think they've made the right decision, which is to let these banks fail".
Shelby, "Theyve got to close some big banks, they don't want to do it, I don't want to nationalize them. We've got to close them".
Because we all remember how well that "let Lehman Brothers fail" plan worked out so well! Letting Citigroup fail, with its myriad connections to the worldwide banking system, would make the Lehman debacle look like a day at the beach.
About 25% of the corporate bonds in the US are BANK BONDS. If a large chunk of those go in one fell swoop it would make last fall look easy.
golfgod
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Good, insightful post! Reps to you. 
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03-09-2009, 02:24 PM
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Not a member
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Join Date: Dec 2008
Location: Charlotte, NC
3,563 posts, read 1,063,834 times
Reputation: 1315
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Well how unusual. A bunch of libs name calling and implying drug use instead of actually talking about the points being raised. The funny thing is...we KNOW that their boy Obama used drugs frequently, just assumptions for the two subjects referenced in this thread.
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03-09-2009, 02:25 PM
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Senior Member
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Join Date: Jul 2007
Location: Midwest
3,744 posts, read 942,931 times
Reputation: 674
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Quote:
Originally Posted by VMH2507
I agree wholeheartedly with Shelby's position and since I am a resident of the state he represents, I get to continue to vote him back to Washington. I guess my opinion is much more important in this case than yours. |
When your foreign car factory fails along with the jobs it provides, what will Shelby have to offer your state then? |
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