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Both McCain and Obama stopped their campaigns and flew back to DC to vote YES on TARP. Both voted YES.
And then Bush asked Obama if he wanted that third TARP payout for 2009 and Obama said YES.
So don't go blaming this on the Republicans. The Dem Congress of 2008 were scared sh*tless by the Fed and Treasury into passing that blank check of a bill.
Yeah, it is a strange situation, for sure. I volunteer regularly with an organization here in Charlotte that helps the hungry and homeless. We take requests from individuals and families who need help, and it's been an eye opener to see how many of them have gaming systems, nice televisions, cell phones, cable tv, etc, yet can't afford food, clothing and sometimes shelter.
Some people argue that the poor "need" these little luxuries b/c they afford them an escape from their dreary reality, but I disagree. While I think the poor certainly need and deserve guidance and help, maybe if people were in a situation that just downright sucked, they'd be more likely to try to get out of it.
A lot of people are poor because they don't manage their money well, either they were never taught or they don't have the discipline. I wonder if more community organizations would offer financial literacy classes, if that would improve te situation some.
Very few of the poor actually get government subsidized housing, at least if they rent. It's hard to get subsidized rental housing because waiting lists are years long and in many places you have to wait years just to get on the waiting list.
It's a lot easier for poor homeowners (most of whom are elderly or disabled) to get help from government; there are preferential property tax rates for homeowners, property tax deferrals for poor homeowners, and their homes are not counted in means testing for other government programs.
Government phone subsidies generally consist of those nickel-and-dime federal taxes on landlines, these tax subsidies are extended to those who have only a cell phone and no landline.
Never heard of subsidized cable TV, where is that?
You're making too much sense for a reactionary....
Both McCain and Obama stopped their campaigns and flew back to DC to vote YES on TARP. Both voted YES.
And then Bush asked Obama if he wanted that third TARP payout for 2009 and Obama said YES.
So don't go blaming this on the Republicans. The Dem Congress of 2008 were scared sh*tless by the Fed and Treasury into passing that blank check of a bill.
I posted the CNN article that cites Obama proudly proclaiming that he negotiated the terms of the bankster bailout during daily phone calls to Paulson for 2 weeks.
Obama claimed responsibility for the bankster bailout.
I posted the CNN article that cites Obama proudly proclaiming that he negotiated the terms of the bankster bailout during daily phone calls to Paulson for 2 weeks.
Obama claimed responsibility for the bankster bailout.
Bullcrap..he was out promising the world to every group out there..heavy duty campaign mode.
Bullcrap..he was out promising the world to every group out there..heavy duty campaign mode.
Here's Obama in his own words:
Quote:
"For two weeks, I was on the phone every day with [Treasury] Secretary Paulson and the congressional leaders making sure that the principles that have ultimately been adopted were incorporated in the bill," Obama said.
Why? People require that money to often feed themselves.
People need to take money other people earned to feed themselves?!? And they take that money by threatening those who earned it with imprisonment if they don't hand it over?!?
An xbox isn't a necessity, but A.C. is in some areas.
You could get by without it in South Florida here, but it would be no picnic for sure. Now where I used to live, a place that averages something like 22 days of 100+ degree heat per year, having or not having A.C. is life or death. Poorer elderly people and small children can't handle that stuff.
I'm not sure how people handled it 75 years ago in some places but then again places like Phoenix and Vegas were sleepy desert villages in those days.
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