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Old 11-19-2008, 10:04 PM
 
Location: SoCal
316 posts, read 692,797 times
Reputation: 70

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BUSH HANDS OVER REINS OF US ECONOMY TO EU
Newsmax.com – Bush Hands Over Reins of U.S. Economy to EU (http://www.newsmax.com/morris/g_20_economic_summit/2008/11/19/153044.html - broken link)



Redeeming the time, because the days are evil. Eph 5:16
FirstWatch
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Old 11-20-2008, 01:06 AM
 
Location: western East Roman Empire
9,367 posts, read 14,309,828 times
Reputation: 10085
Look, I know, first hand, that socialism sucks, but the fact is that most people are irresponsible, therefore, like anyone who is irresponsible, the US deserves to lose sovereignty, it deserves supervision.

At this point the overgrown spoiled brat and its aging parent deserve and need one another, for better and for worse.

Anyone who acts irresponsibly, from the individual to the ruling class and its government, those who willingly enter into unaffordable loans of any kind, gets what they deserve.

Remember, we have some 1.2 billion Chinese, plus a host of others, breathing down our necks.

A brood of vipers, all of them!

What say you, another flood?
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Old 11-20-2008, 01:22 AM
 
1,126 posts, read 2,692,902 times
Reputation: 572
well, at least they are Europeans. What gives me shivers down my spine is the possibility that China or Russia start bailing out the global economy.
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Old 11-20-2008, 03:00 AM
 
12,867 posts, read 14,914,172 times
Reputation: 4459
Quote:
Originally Posted by bale002 View Post
Look, I know, first hand, that socialism sucks, but the fact is that most people are irresponsible, therefore, like anyone who is irresponsible, the US deserves to lose sovereignty, it deserves supervision.

At this point the overgrown spoiled brat and its aging parent deserve and need one another, for better and for worse.

Anyone who acts irresponsibly, from the individual to the ruling class and its government, those who willingly enter into unaffordable loans of any kind, gets what they deserve.

Remember, we have some 1.2 billion Chinese, plus a host of others, breathing down our necks.

A brood of vipers, all of them!

What say you, another flood?
what we have in this situation is a bunch of people who did play by the rules having to pay for the people who did not, and that is unacceptable.
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Old 11-20-2008, 03:32 AM
 
Location: western East Roman Empire
9,367 posts, read 14,309,828 times
Reputation: 10085
Quote:
Originally Posted by floridasandy View Post
what we have in this situation is a bunch of people who did play by the rules having to pay for the people who did not, and that is unacceptable.
I agree.

Now, what do we actually do? We wrote to our congressidiots against the bailout, how did that work out for us? We elected a new government (not me personally, I did a write-in for president and left the representative vote blank - three useless idiots on my ballot, no write-in option) and we get the old Clinton government in return.

So what do we actually do? Come at them with pitchforks?

I think that continuing to live responsibly even at the personal level is still the best path, we may lose our 401(k)s, but there's no reason to let the soul go down with the general flood.
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Old 11-20-2008, 03:33 AM
 
707 posts, read 1,293,389 times
Reputation: 438
You don't have to like it, it doesn't have to be fair, but it is what it is and created by a complete lack of leadership and policy in DC. Fat , Lazy and happy.
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Old 11-20-2008, 04:10 AM
 
12,867 posts, read 14,914,172 times
Reputation: 4459
Quote:
Originally Posted by bale002 View Post
I agree.

Now, what do we actually do? We wrote to our congressidiots against the bailout, how did that work out for us? We elected a new government (not me personally, I did a write-in for president and left the representative vote blank - three useless idiots on my ballot, no write-in option) and we get the old Clinton government in return.

So what do we actually do? Come at them with pitchforks?

I think that continuing to live responsibly even at the personal level is still the best path, we may lose our 401(k)s, but there's no reason to let the soul go down with the general flood.
pitchforks, then shovels....
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Old 11-20-2008, 06:56 AM
 
Location: Londonderry, NH
41,479 posts, read 59,783,759 times
Reputation: 24863
People that play by the rules seldom realize that the rules were not made for their benefit.The major problem is that the few that actually own the wealth have a different Law than the rest of us. Their law lets them lie and steal with complete impunity.
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Old 11-20-2008, 07:55 AM
 
2,197 posts, read 7,393,076 times
Reputation: 1702
A lot of the people who didn't play by the rules this time weren't wealthy at all. People with little-to-no wealth lied with complete impunity to get into houses they couldn't afford, then Wall Street rolled those toxic mortgages into enticing investment vehicles that stole the 401ks of those who were actually trying to save for a retirement that may now never come. So people playing by the rules got hammered by all classes. Of course, the price is now much higher than the loss of a 401k.

I wonder how much more damage Bush and his cronies can do before they give Obama and the Clintons Take Two their shot?
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Old 11-20-2008, 08:32 AM
 
Location: Charleston, SC
5,615 posts, read 14,793,059 times
Reputation: 2555
Quote:
Originally Posted by goodbyehollywood View Post
A lot of the people who didn't play by the rules this time weren't wealthy at all. People with little-to-no wealth lied with complete impunity to get into houses they couldn't afford, then Wall Street rolled those toxic mortgages into enticing investment vehicles that stole the 401ks of those who were actually trying to save for a retirement that may now never come. So people playing by the rules got hammered by all classes. Of course, the price is now much higher than the loss of a 401k.

I wonder how much more damage Bush and his cronies can do before they give Obama and the Clintons Take Two their shot?
You were doing so well until this part... Bush really didn't have anything to do with the housing bubble. From what I saw it really seemed to have started up around campaign season in 2000 (Clinton didn't have anything to do with it either IMO). In my opinion this is something the fed should've caught and nipped in the bud through changing interest rates.
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