[docthehun]

I hated the idea when it was proposed and now I think it was an even bigger scam. Bend over Americans and grab your ankles.

http://finance.yahoo.com/blogs/daily...161743679.html

[tomindayton]

Both Ds and Rs are EQUALY at fault.

SMH!

[DGUtley]

We are also at fault, we keep sending them back to DC.

[bethere]

Originally Posted by tomindayton

Both Ds and Rs are EQUALY at fault.

SMH!

i watch romney raise megacash from barclay's in london this week at the height of the libor scandal and i know that this is the republicans fault--not the democrats.

it's thoughtful of you to want to share, but this bad boy is YOURS.

to fix it?

raise the overnight exchange rate a quarter point at a time until the right wing gets the message.

[bethere]

Originally Posted by DGUtley

We are also at fault, we keep sending them back to DC.

this is true, at least for some of us...

:rolleyes:

sadly. it is that time of year for you--and my father--to get on board the reds' bandwagon. the tribe is still a little green, but look out in 2013!

[NapRover]

Bailouts are unconstitutional in my humble opinion. There should never be another one ever. It's sink or swim.
I think W was spooked that the world was going to collapse if he didn't listen to the gurus. We should have let every one of those darn companies go belly up and move on.

[bethere]

Originally Posted by NapRover

Bailouts are unconstitutional in my humble opinion. There should never be another one ever. It's sink or swim.
I think W was spooked that the world was going to collapse if he didn't listen to the gurus. We should have let every one of those darn companies go belly up and move on.

i think bush looked at the mirror at the last second and just couldn't do it. he couldn't be herbert hoover and he did the right thing, in my mind, at the end.

[docthehun]

Originally Posted by bethere

i think bush looked at the mirror at the last second and just couldn't do it. he couldn't be herbert hoover and he did the right thing, in my mind, at the end.

Actually, we'll never really know what would have happened. Suffice it to say, the banks have shown zero gratitude, at best! :(

[o.a.b.]

Maybe the banks could provide the next stimulus !! I liked what a certain congressman proposed : The banks [ like the post office ] are too big for the nest-Kick em out and let them fly on their own.It was,indeed,the banking industry that has triggered economic shock waves around the world.Of course,the passage of NAFTA was needed to set it in motion.Gullivers ankles are now tied with steel cable instead of spider webs

[NapRover]

Originally Posted by bethere

i think bush looked at the mirror at the last second and just couldn't do it. he couldn't be herbert hoover and he did the right thing, in my mind, at the end.

Mister, we could use a man like Herbert Hoover again.

[NBHS_1988]

What ********** is GM used our taxpayer money, like AIG, and some of the rest, advertising European cross-country kickball.

[buckeyedan]

Originally Posted by NapRover

Bailouts are unconstitutional in my humble opinion. There should never be another one ever. It's sink or swim.
I think W was spooked that the world was going to collapse if he didn't listen to the gurus. We should have let every one of those darn companies go belly up and move on.

Of cousre we should have let those businesses go belly up...

The problem with the present state of 24 hour news and instant media is that we all look at every issue in a micro way and miss the forest for the trees... we don't want individuals to lose their individual jobs and instead we make decisions that in the long run will hurt them AND everyone else more!

If you have 5 auto manufacturers and they are all struggling... and one goes belly up... you are left with 4 stronger auto manufacturers...
the 5 were over extended and the market simply couldn't support them

by pumping money into the market in the short term you keep those 5 companies open... but ultimately unhealthy... once you stop with the funds they will once again struggle... it's market economy 101 folks

so yes... some folks would have lost their jobs in the short term... that's going to happen anyway as soon as we realize we can't keep pumping tax dollars in year after year... BUT most of those jobs would have been added to other companies as they soaked up the market of the one that left

the danger with this approach is we don't FIX what is wrong... and by the time we do we run the danger of losing even more market share to companies over seas

It's hard to watch individuals lose their jobs... but if you interfere with the market once... you either keep doing it FOREVER... or they lose those jobs when you stop... simple as that

Meanwhile the entire industry in the US is weak and vulnerable to over season competitors with zero chance at expanding to new markets like China and India...

short term gain
major long term loss

BTW - the banks were a different story... we unfortunatley made that bed in the 1980s and 1990s... we're stuck barrelling towards that waterfall!