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September 26, 2008

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Also Debbie this spend,spend and spend nature of congress and the government must stop !
Someone needs to set spending priorities and let the people know what they are. Our government is broke .

Paul: There's plenty of blame to go around, both Dems and Republicans.

I've been listening and reading about this "rescue" a/k/a bailout. I'm beginning to think that Dave Ramsey is right. Congress should do NOTHING and let the institutions and the market take eare of it themselves. If institutions fail, then they must fail. But I don't know. As I've said before, economics is not my specialty.

I do know that this give give give mentality in Washington must STOP.

Let me correct something.
The democratic senate minority,was a large one in 2005-2006 and they had the power to block bills.
It was probably in the senate where McCain's endorsed bill failed.

I'am sick of the blame game and political jockying going on and Nancy Pelosi epitimizes the worst case of this in a politician !
She was quoted as saying " The democrats do not have a share of the blame here!"
I think evidence is to the contrary Nancy !

Debbie: Nancy Pelosi was on C-span with the democratic leadership team,talikg about the bailou and she was blaming Bush.
While I suspect thre is enough blame to go around she had better look into the mirror ! What about congressional oversight and was it lacking ?
What about McCain's endorsement of a bill containing regulatory language and providing oversight of financial institutions in 2005 or 2006....I believe a liberal democratic minority in the House or Senate blocked the bill. Bush for his part could have used the bully pulpit more to convince the public and congress that this was necessary .

Paul: You can bet YOUR money there is pork attached to this. If ACORN gets one penny I think heads should roll.

Yeck, heads should roll anyway for getting us into this mess.

I wonder if there are attached earmarks to the bailout bill !
Acorn and energy policy should not be attached !
Let's see if the media will look into this !
What concerns me the most is any lack of protection for the tax payer and for investments into IRA's and 401K's.

Planned Parenthood, is suddenly a lot richer thanks to the Anti-Palin e-mail campaign.

A three week old Internet Campaign is asking Abortion Rights activists to send donations to Planned Parenthood in honor of Gov. Sara Palin---Planned Parenthood denies that they are behind the campaign.

Really these organizations that push abortion are the most mean-spirited and amoral people out there. Using a candidate that is trying to fight abortion to push for more child murder is right about at their gutter level sense of morality. It makes me sick too, Debbie.

Yes, we don't exactly have a Rambo in McCain, but with Palin onside, at least there's a chance of some powerful influence and, if they get elected, an insider who sees what's going on and may be able to have some say in that.

Thanks for the link. It's really a unique period of history we're living in, isn't it?

We under-estimate the Democrats if we think they are incapable of politicizing a national crisis. The facts show that Democrats created this debacle; it is not in their interests to solve it in advance of the November elections. Their behavior is simply despicable.

Debbie this is such a sad situation. ACORN has their fingers in this and no one is bringing this up in the loop - and it is Obama who benefited from this only after Senator Dodd.

Also - I'd love you guys to show me some of Obama's "lies and deceit". I'd be glad to give four or twenty citeable examples of McCain lying just from the debate if you're so interested. You go first.

This solution was proposed by the GOP, and modified by democrats.

The original bill was completely worthless. The draft 'nearly' agreed upon on Thursday night wasn't as bad for the following reasons...

* It gave congressional oversight to how the money is spent as opposed to a financial dictatorship granted by the thirty two words in the bill.

* It limited the amount of money to $350B.

* It puts restrictions on CEO pay.

* It gives ownership to tax payers so there's a slight possibility of it actually working out in our favor.


What's interesting is that the GOP was behind it until the very last minute, and then they left the Dems and Bush holding the ball.

If there HAS to be a bail out - I'll take the Dem version any day over the Republican request for 'mortgage insurance backed by the government'. [READ: Businesses still get the money with no reward for taxpayers]

I like the idea that some GOP members have had - to find a way to keep the paper in the private sector - Unfortunately I'm not seeing a single person step up with a good idea.


I say they should create a company and a new type of fund with special regulations. A Traded Debt Fund if you will. The government should force the companies to sell the bad paper to the company at firesale prices - then promote people to invest by putting tax clauses on the TDFs, and putting limits on ownership. (Manage exposure, and ensure the funds aren't diluted)

The wealthy would shit a brick to buy mortgages at a 3:1 ratio, no matter how risky, if they were told that any profit generated from the fund was tax exempt. Sure the government takes a hit on "lost revenue" so to speak - but I'll take that over $700B any day.


The unfortunate part is that the GOP has politicized this into "look what those dems are doing" instead of generating an actionable plan to keep this stuff private.

Tell me - do any of you think that the liberal majority Congress may be deliberately holding out on agreeing on the economical bailout, because they know that the longer they wait, the more support is garnered upon Obama?

Thanks for the link back Debbie. So the left are donating money to Planned Parenthood ey, if that doesn't scream DEPRAVITY, then i don't know what does.

Eagerly paying to knock off the unborn?

Yeah, I wish McCain would come out swinging -- the Dems and Oblahblah have certainly given him all the ammo and reason to do so -- but he likely won't.
*sigh* Liars will go on being liars and feted by the press, and McCain will go on being McCain. We might win the election anyway, if enough reasonable middle Americans have had enough of Team Oblahblah's lies and deceit.

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