| Author | Message | ||
     Blake |
How many al qaeda have been killed in Iraq? | ||
| Hexangler |
How many in Saudi Arabia? | ||
| Edgydrifter |
And don't forget Pakistan... | ||
| Garryb |
Go Republicans! Proud defenders of the automobile industry, the airline industry, the real estate and mortage industry, banks and savings and loans, and the financial industry. 4 more years, 4 more years! | ||
| Azxb9r |
Blake- I am not much of a Gingrich fan... but that article made perfect sense. | ||
| Court |
Guy in the office just mentioned something . . . seems like just yesterday, only 3 months ago, that the most important issue facing the Unites States Congress was steroid use among professional baseball players. We should be ashamed. | ||
| Reepicheep |
During that same time congress was all up in arms about steriods, my buddy, who set up an serious research group at his investment firm, was reporting that they just divested all AIG, Fannie Mae, and Freddie Mac stock. A month before this latest crash, they sent an mailing out to all their clients recommending they make a significant asset move out of stocks and into money market funds. He was smart enough to see it coming... but all of congress couldn't. Or wouldn't. We should be ashamed... | ||
| Cityxslicker |
I wanna be the next bank exec that is hired for 18 days, sees the company into fiscal failure, government seizure and hostile corporate take over and get rewarded 1 mil a day for my efforts. Hell I could wreck it for half the price, I would be your next bargain hedge move to 'save' millions. | ||
| Ducxl |
The CEO of AUTONATION was just interviewed on Bloomberg news stating that the task of increasing MPG standards of future American manufacturers will need US government funding assistance to the tune of 23 Billion. What th....is every US corp. now going to cry for my tax dollars? THe free market is disintegrating | ||
| Blake |
"Go Republicans! Proud defenders of the automobile industry, the airline industry, the real estate and mortage industry, banks and savings and loans, and the financial industry. 4 more years, 4 more years!" Top three recipients of campaign contributions from Fannie Mae and Freddie Mac:
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| Blake |
Mark, The Dems and their friends in the media have been very successful at smearing the good name of Newt Gingrich. When you actually listen to what he has to say, it soon becomes clear that he's a brilliant man. Too bad he's not cut out for the Presidency, at least not yet. | ||
| Johnnymceldoo |
A member of the NAACP said the other night on the local news that this bailout was a good thing if it could keep people from having to move out of their homes. Its everyones right to own a home you know. I wonder if obama believes that the people who deserve home ownership are those people with a steady income and good credit. | ||
| Ryker77 |
Remember the cash pyrmaid scheme of the 1990's? My parents almost fail for it. The person on the bottom of the chart must locate and get money from other people and 20.00 gets passed up the chart. At some point in time you move up the chart. The key is at some point in time you run out of suckers. This is what has happened. Only a sucker or a fool would buy a 400k house on a 40k a year salary. A huge majorty of the housing market is full of bloated house values. The average working class joe can only truely afford X amount of house. The value of houses will have to lower to that amount. Many banks, developers, and home owners will have to eat the false home value. | ||
| Ryker77 |
Ron Paul tried to talk to McCain during one of the debates - youtube that video. | ||
| Hexangler |
What th....is every US corp. now going to cry for my tax dollars? This is my biggest concern, CORPORATE WELFARE!!! | ||
| Blake |
Did you know that we actually made money on the Chrysler and the Savings and Loan so-called "bailouts"? I don't care at all for the administration's version of the bailout, but I don't see it as a wholesale gift of taxpayer money either. My biggest concern is the direction that America has been so foolishly heading beginning with FDR's massive socialization of America. Nothing threatens our freedoms or prosperity more than activist judges and the socialization of America. The nanny state dreamed of by socialists--some calle themselves "Democrats" is just another way to force Americans to depend ever more upon the federal government. Frankly the thought of having to depend upon a social security check physically sickens me. I would GLADLY waive all my social security benefits if congress would abolish the program starting with everyone 45 and older. I'm happy to help fund those older and already in retirement. But once they are off the books, let it end. The inner cities have been decimated by the entitlement schemes of the past. There is no surer way to spread poverty and crime than to help enable it. How do you help enable it? You set up the conditions to promote it. You mandate that the poor live in prison like tenements where people are forced to live with no actual community, no neighborhood structure, no stores or shops or libraries or schools or churches, just massive stacks of depressing existence. You pay for it to thrive. It is ludicrous. Imagine having an extra 15% in each paycheck and tell me that won't benefit the economy or the wage earner. Americans need to once again learn to look out for themselves and those they love. If we cannot, we'll provide a place to sleep and food to eat and clothes to wear, but that's it. Bring back the poor house. Without a deterrent to poverty, what is to help prevent it? More handouts? Ludicrous. This nation has fostered a culture of poverty in the inner city. The more dependent we become, the less free we are. Period. It starts with a plea to look out for "the poor" and then the inevitable income redistribution, nothing more than thievery by the federal government. Guns? The right to keep and bear arms shall not be infringed? That was silly, we don't need weapons, the socialist government will protect us from tyranny. No? Then it progresses to a destruction of family and marriage, some of the core institutions that help make our nation so strong. Next is God and life itself. If it's okay to murder a baby while it is being born, how far off can legalized infanticide be? Don't like your child, no problem, life is not worth protecting if it is inconvenient to the parent. But how on Earth can this happen in America? Formerly laudable organizations that have fallen to become nothing much more than arms of the socialist left wingers... Large powerful labor unions and teachers unions. The NAACP. Feminist organizations like NOW. The ACLU. Various environmental groups. Hollywood and the entertainment industry. Our universities. The news media. | ||
| Corporatemonkey |
Blake, I hope you were wearing your tinfoil hat when you wrote that.  | ||
| Ducxl |
Whoa,i just glossed over it yesterday. The inner cities have been decimated by the entitlement schemes of the past. There is no surer way to spread poverty and crime than to help enable it. How do you help enable it? Do you mean the inner city of Tblisi? We just committed to them some 8 billion in monies to begin re-building after Russia bombed them.Heck,we're re-building Iraq after WE bombed them! Why isn't Russia now re-building Tblisi? Because WE will? What a massive entitlement program there! Heck,now we're going to get into it with Venezuela over their "peaceful" nuclear plans with Russia. Plans of which,can only be the result of our meddling in Russia's backyard...again. I hope to supplement my retirement(providing i can make it there) with Social Security.My wages are too far off to even be able to save.I live quite literally from paycheck to paycheck,and someone wants to condemn me to the "poorhouse"??? | ||
| Hexangler |
Wonder if Blake cashed his two economic stimulus checks? or did he give them to a charity of choice? | ||
| Spatten1 |
DucXL: I guess you never visited the rent control devistation in NYC. Landlords could not raise rent, went upside down, and just walked away from buildings. Bums, hookers, and crackheads moved in, creating blocks upon blocks of devastation where middle class people once rented. It was like Escape from New York, just abandoned buildings with no power or glass in the windows. | ||
| Edgydrifter |
It may surprise you that read up on what America's cities were like prior to WW2. They were not clean, they were not orderly, and they were not safe. Entitlement programs haven't ruined the cities; they just haven't made a heck of a lot of difference. As to the bailout... well, I'm conflicted. I think it can be structured in such a manner that it isn't just a humongous handout to large investment firms, but I'm worried that ultimately this money will be treated like a grant rather than a loan, nothing will be repaid, and most likely nothing will be done to avert this kind of situation from developing in the future. I think there exist certain "natural" monopolies in this country (utilities, for example) and I have no problem with the government--whether at the local, state or federal level--just absorbing these. But dumping a big pile of money onto Wall Street without a solid plan seems like unsound fiscal policy, socialism or not. | ||
| Ducxl |
But dumping a big pile of money onto Wall Street without a solid plan seems like unsound fiscal policy, socialism or not. THankfully,Congress agreed with that today.Only the strong survive in Capitalism.Yes?Wall street must tank...BIGTIME,So some entreprenurial type can move in after WE THE PEOPLE clean house. Sound ignorant?? Probably.But i could likely walk across Michigan and find millions of people who agree | ||
| Spatten1 |
I agree with you two. Something should be done, but let the Ivy League Wall Street guys have a little reality. No reason to prop them up. A client of mine said it best: Support the strong banks that did not make over-leveraged greedy plays in the mortgage market. Help them with letters of credit or something so they can keep making good loans and lubricate the economy. •••• the New York investment bankers, I've never met anyone with such an entitlement complex as those people. | ||
| Johnnymceldoo |
http://www.youtube.com/watch?v=NU6fuFrdCJY | ||
| Court |
Nancy Pelosi will likely loose her job. My wife is "in the business" and they have no idea what happened today. Anyone else wonder why businesses were borrowing money they didn't need last week? Darn good chance, with credit choked that, as congress adjourns for a Jewish holiday, that you'll see some firms unable to make payroll. Throwing partisan politics in was unwise. I hope I am wrong. Our house is a collection of a wall of screens watching the Asian markets and futures tonight. The hedge fund folks are safe, but there are about to be some "average Joe's" take one on the chin. | ||
| Corporatemonkey |
+1 Court Pelosi must go. Her comments were completely unnecessary, same with the house republican saying their feelings were hurt. What worries me more is the fact that Joe Q public doesn't have a clue exactly what is going on. We need to get the credit markets moving. I also have all my screens watching the asian markets. The nikkei is down 544 points as of this post.  | ||
| Ferris_von_bueller |
I agree with Court. The typical middle class American is going to suffer and possibly lose their home and most certainly their job. The fat cats might have to make due with 20 million instead of 40 but they'll survive, comfortably. I think many people are reacting emotionally and are cutting off their nose to spite their face with their vehement opposition to the bailout plan. It might be a sucky plan but doing nothing would probably result in a worse outcome. Can we afford to take that chance? | ||
| Court |
>>>What worries me more is the fact that Joe Q public doesn't have a clue exactly what is going on. We need to get the credit markets moving. Few folks (myself included) truly understand what's happening and are basking in the false comfort of attributing this to politics. We are staring down the barrel at a 9,000 DJI and many corporations loosing the ability to make payroll. There is so much more to this than (and again, I confess I don't understand it but I'm married to some who the S.E.C. comes to with complex multi-currency derivative questions and she's visibly shaken) most folks comprehend. Once the car is over the cliff a series of events get set in motion that are tough (i.e. 3 years) to reverse. It's a poor time to be playing partisan politics with the future of many innocent folks. And can this be true (I just got home from school) that Congress is taking some time off for a Jewish holiday? Wow. | ||
| Court |
Ferris . . . you nailed it. Big folks (folks who moved all personal assets to Treasuries and cash 3 weeks ago) will not be hurt. The "bailout" nomenclature (if you've read the 106 pages of H.R. 3997 which is sitting here in the living room covered in coffee and red pen) you'll see that "bailout" is pretty much a media term. They are playing for big stakes and Pelosi is letting her ego threaten some very nice folks. | ||
| Ryker77 |
The fact is we are a nation of DEBT. Our economy over the last ___ years was a false economy based on DEBT. House values balloned becuase false credit was given and supply demand issue took place. False house prices. Pumping more credit will only allow MORE DEBT. Temporaly allowing it to appear we are doing good but all it is doing is allowing more DEBT. The Clarks have been living the high life for the last two years. Vactions to Cancun, SUV with rims, HD plama TV hanging on every wall, - all paid for with DEBT. They can get a bailout by going to the pawnshop but that money will also just be blown. We as a nation are the Clarks. |
