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Bailout Deal Reached

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Anonymous

Guest
The leadership of Congress & Paulson just announced they have reached an agreement on a bailout...No details...
They said they will get it committed to paper- and then release the details tomorrow.....
 

Soapweed

Well-known member
Oldtimer said:
The leadership of Congress & Paulson just announced they have reached an agreement on a bailout...No details...
They said they will get it committed to paper- and then release the details tomorrow.....

So, are your fingers just trembling with anticipation to once again have something to cut and paste? :wink: :)
 
A

Anonymous

Guest
Soapweed said:
Oldtimer said:
The leadership of Congress & Paulson just announced they have reached an agreement on a bailout...No details...
They said they will get it committed to paper- and then release the details tomorrow.....

So, are your fingers just trembling with anticipation to once again have something to cut and paste? :wink: :)

Nope- Just wanted to let you know that you and everyone in your family is each now $3300 more in debt thanks to your beloved buddy King George and his court of Fools.... :wink: :lol:
 

Sandhusker

Well-known member
It never would of come to this had McCain and a few other Reps been allowed to pass their bill that would of tightened up Fannie.

Where was Obama when McCain etal were predicting this?
 
A

Anonymous

Guest
Sandhusker said:
It never would of come to this had McCain and a few other Reps been allowed to pass their bill that would of tightened up Fannie.

BullPuckey...This didn't just happen because of fannie or freddie (besides fannie had already voluntarily switched over to the Title 34 Banking rules that McCain wanted)...You've got 15 years of nonenforcement of Antitrust and monoply laws- allowing corporate giants like AIG to develop-- that if just this one corporation falls- the country is bankrupt-- add in all the deregulation of 1999/2000- that allowed all these companies like AIG to begin playing on the big roulette wheel of speculations and investment swapping- add in some fraud- both with corporations and individuals- 8 years of an administration that refused to do any oversight- and an administration that was apparently asleep at the wheel lately- and you got the recipe for what is now being called the potential for the "greatest meltdown in the US economy in history".....

Where was Obama when McCain etal were predicting this?

Where was Cox, Paulson and even King George...6 months ago Cox was telling Congress that fannies and freddies liquidity situation was hunky dory- up to a month ago you had Paulson and Cox appearing in front of Congress telling them "the fundamentals of the economy are strong"...Up to and including the day we were bailing out AIG and Lehman brothers was collapsing both Bush and McBusch were saying "the fundamentals of the economy are strong"... Where were these guys :???: ...I'll tell you--Asleep on their Watch :( ....

And this wasn't the Dems- or Obama that came and said we needed $700 Billion to bail out their buddies on Wall Street... :shock: :wink: As I remember it- it was Paulson and GW...I'm just thankful there is an opposing party still there not just handing them a blank check without some oversight- and some direction to where this money should go- rather than GW's filling the Fatcats pockets some more......
 

Texan

Well-known member
Oldtimer said:
And this wasn't the Dems- or Obama that came and said we needed $700 Billion to bail out their buddies on Wall Street... :shock: :wink: As I remember it- it was Paulson and GW...
President Bush has already shown that he is a big-spending liberal. He's already shown that he is capable of placing his trust in the wrong people at times - this case is no different.

Paulson is basically a freakin' liberal. He's really not even a Republican. He represents one more of President Bush's attempts to put politics aside in making appointments. It might do you some good to refresh your memory on what Novak had to say about him last October:

http://townhall.com/columnists/RobertDNovak/2007/10/01/hank_paulsons_dna

Or what Michell Malkin had to say about him last week:

http://michellemalkin.com/2008/09/22/why-henry-paulson-must-be-contained/


Oldtimer said:
I'm just thankful there is an opposing party still there not just handing them a blank check without some oversight...
What a crock. The ones that opposed this are the House Republicans. You can keep on trying to blame everything on the Republicans if you don't want to be honest, but the FACT is that the Dems were the ones who were so quick to jump on this deal. The Republicans have been blocking it.

Don't you remember how Obama and the Dems announced an agreement prematurely last week? How they were trying to make it look like something had been worked out before McCain got back to town? And how Obama made a fool out of himself by telling the press what his handlers had told him to say?

Nothing had been worked out, but the Dems were ready to jump right on it because they wanted it to go away so that nobody would find out about their failures of the past and their lack of accountability. They were ready to sign off on it right away because they had earmarked billions for their cronies. They were eager to support it because it represented the same thing that they represent - big-spending socialism. Opposing party, like hell.


Oldtimer said:
...and some direction to where this money should go- rather than GW's filling the Fatcats pockets some more......
Yeah, your Democrat heroes are really giving some direction - directing billions and billions of dollars of OUR money into the pockets of radical groups like ACORN.

Seriously, Oldtimer - you need to think about getting some objective news instead of just relying on your usual 'sources' like the Huffington Post and the Daily Kos. You run down conservatives and accuse them of marching in lockstep, having a cultist leader, blah, blah, blah. But in reality, YOU are the one who is making a bigger partisan clown out of yourself with every post.
 

alice

Well-known member
The legislation would place "reasonable" limits on severance packages for executives of companies that benefit from the rescue plan, said a senior administration official who was authorized to speak only on background.

I would still like for the American public to know, and be able to respond to, what reasonable limits are...what they boil down to...what the dollar amount is, before the final deed is done! Realizing, of course, that I'm whistling in the wind... :?

Alice
 
A

Anonymous

Guest
Something I hadn't thought too much about until I read a couple of articles about how for the last 15 years of having Presidents (Clinton/Bush) that let almost anything happen in the vertical integration of the Corporate world played into this economic fiasco....How so many of these corporate entities were allowed to merge into huge worldwide conglomerates (some owning 100's of former smaller companies) that now when one falls, it can cause so much distress to the economy....AIG is the best example....

That brings up what is happening in the beef industry now with the continued vertical integration of these corporate packers - both in the US and Canada...The scariest is the purchasing of several Packers and Feedlots by a foreign entity JBS Brazil which is partially owned by the Brazilian government- which will make them not only the biggest feeder and packer in the world--but also in the US with control of a huge share of the US beef/packing industry...

Makes you think of how much power and influence someone so large could/would wield in every stage of the industry...And what an effect they would have on the entire industry if for some reason they just closed their doors...
Where is Teddy Roosevelt when we need him ?
 

Sandhusker

Well-known member
Oldtimer said:
Something I hadn't thought too much about until I read a couple of articles about how for the last 15 years of having Presidents (Clinton/Bush) that let almost anything happen in the vertical integration of the Corporate world played into this economic fiasco....How so many of these corporate entities were allowed to merge into huge worldwide conglomerates (some owning 100's of former smaller companies) that now when one falls, it can cause so much distress to the economy....AIG is the best example....

That brings up what is happening in the beef industry now with the continued vertical integration of these corporate packers - both in the US and Canada...The scariest is the purchasing of several Packers and Feedlots by a foreign entity JBS Brazil which is partially owned by the Brazilian government- which will make them not only the biggest feeder and packer in the world--but also in the US with control of a huge share of the US beef/packing industry...

Makes you think of how much power and influence someone so large could/would wield in every stage of the industry...And what an effect they would have on the entire industry if for some reason they just closed their doors...
Where is Teddy Roosevelt when we need him ?

:agree:
 
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