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> BAILOUT PLAN, Too much, too late?
Hellfighter
post 09/29/08 9:56am
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I'm not worthy to even get into the details of what's churning beneath this economic catastrophe looming ahead compared to the gurus we already have here discussing it.

But is it just me in thinking why are Repubs and some Dems in congess/ negotiations holding the US and world economy hostage just to save their political backsides.

As I understand it a massive meltdown like we've never seen in nearly a hundred years is only a step or 2 away, but we have Dems in Congress saying "no-no we can get this bailout plan launched ourselves but we want Repubs taking the plunge with us" and the we have Repubs acting like pussies because several hundred constituents are phoning opposing the plan - are the phone calls multiple calls from a few people, or do the hundreds of calls represent thousands saying 'no' to the plan.

Point is, in the face of a catastrophe shouldn't there be a realization to stave off the crisis at hand and later iron out the wrinkles.
I'm asking the gurus here -is this Global economy Russian Roulette of the worst kind?

So far today the market is showing meltdown fear over this bailout uncertainty.



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Blitz
post 10/01/08 7:49pm
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OK, I'm a simple minded idiot...

The fact remains that if our elected officials did not use their power to create social engineering programs to buy votes we would not be in this mess.

Porkbelly spending, earmarks, whatever, just tax everyone and get re-elected what the hell it's not your money.

This is true in almost every aspect of politics, It's the political version of having a vendor buy you lunch

This is so far gone from a representive republic that it's scary.

I just want somone to stand up and say,

"The government as a whole let you the people down, we will figure out a logical way to get out of this mess and ensure it never happens again.
All of us elected officials did not do a good job accounting for the money that the citizens of this country lent us, and we foolishly let GSE's run amock and get into debt with the security and backing of your monies without proper stewardship.
We will look at accounting changes, low intrest loans and lines of credit from the fed, and any other avenue that will not put the burden on the american taxpayer. We will be pulling all of the best minds that saw our way thru the S&L crisis and we will ensure everyone on wall street that we will find a viabale solution.
Once the crisis is avoided we will appoint outside investigators to determine what went wrong."


Is this too damn much to ask.....

I really believe that either
the aboloshiment of the 2 party system
the Repeal of the 17th ammendment
the imposition of term limits
the Fair Tax
outlaw former house or senate reps for being foreign or domestic lobbiests

If these things do not happen we are in for a rocky road ahead....and not just because of this current crisis.

The system is bought and paid for by the highest bidder that can bring in the most votes, or monies while the rest of us are janitors left to clean up the messes and try to survive.

Frankly I'm just pissed off at everyone.


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Hellfighter   BAILOUT PLAN   09/29/08 9:56am
HammaTime   So, your thread is really more about the politiciz...   09/29/08 10:10am
Hellfighter   Yes- I definitely see that they each want to cover...   09/29/08 10:15am
Hellfighter   Dow down 770+ today. Who wants to wake up tomorrow...   09/29/08 4:24pm
Robert   McCain towing the line for Repubs in Congress to...   09/29/08 4:45pm
Hellfighter   McCain towing the line for Repubs in Congress t...   09/30/08 2:00am
HammaTime   Pelosi's stupid speech just proves why I...   09/30/08 10:55am
Robert   Interesting perspective on the wall street drop ht...   09/30/08 9:25am
Hellfighter   Interesting perspective on the wall street drop [...   09/30/08 12:17pm
Robert   So does that mean you don't think Pelosi was s...   09/30/08 12:15pm
Robert   The Congress approval rating dropped to the single...   09/30/08 12:45pm
Robert   Final irrefutable proof that all questions in life...   09/30/08 1:14pm
HammaTime   LOL! Okay, we have to keep all of this in per...   09/30/08 1:46pm
Robert   3) Trying to affix blame is akin to pointing...   09/30/08 2:32pm
Robert   Remember how Bush got the blame for the housing su...   09/30/08 8:00pm
HammaTime   It strikes me that you are engaging in a smoke and...   09/30/08 10:05pm
Robert   Sorry but when the regulators where going after Fa...   10/01/08 1:02pm
Robert   As of right now I'm 100% against the current b...   10/01/08 7:25pm
Blitz   OK, I'm a simple minded idiot... The fact rem...   10/01/08 7:49pm
Hellfighter   OK, I'm a simple minded idiot... ..............   10/01/08 8:18pm
Robert   Hamma Since you think the cause was predatory len...   10/01/08 8:37pm
HammaTime   Great article. I have to admit, I think Blitz has...   10/01/08 9:52pm
Hellfighter   Flipside thought; If there was no economic crisis...   10/02/08 9:55am
Genocide Junkie   So I'm not smart enough to understand the whol...   10/02/08 5:20pm
HammaTime   Because the politicians are hearing an incredible ...   10/02/08 7:34pm
Blitz   Found this article from September 30, 1999 http:/...   10/09/08 6:12am
Robert   As though we needed any more proof, the debt clock...   10/09/08 9:48am
HammaTime   Robert, you've done so much research into the ...   10/19/08 12:55pm


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