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2008-10-02 Home Front: Politix
Bailout ushers in the era of Obama
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Posted by GolfBravoUSMC 2008-10-02 12:28|| || Front Page|| [6 views ]  Top

#1 Race-based apartheid housing loans to people who could not afford them are not an example of "cowboy capitalism". They are an example of the failure of the cowboys to stop Obama's friends and employers from making these loans in the first place.
Posted by Excalibur 2008-10-02 16:45||   2008-10-02 16:45|| Front Page Top

#2 Why did Bush push the bailout turkey in the first place. He must have known it would put McCain and Palin in a tough place? Maybe a sitting lame-duck President shouldn't be allowed by law to do anything the last year of his term except things to do with national defense. The ultimate gotcha would be if Bush vetoed this plump growing fat porker. They ain't going to happen. Or maybe the House will say hell no to it. That probably ain't going to happen either. I guess the trainwreck in progress will be on CSPAN tomorrow morning.
Posted by JohnQC 2008-10-02 17:29||   2008-10-02 17:29|| Front Page Top

#3 Why did Bush push the bailout turkey in the first place

Maybe because there really is a credit freezeup that really does threaten a serious recession or even depression if nothing is done?

I hate the pork that got layered on but the problem really does exist and really is pressing folks.
Posted by lotp 2008-10-02 20:49||   2008-10-02 20:49|| Front Page Top

#4 In the New York Times, linked by the DrudgeReport, the kind of thing lotp, Senator McCain and President Bush are concerned about:

Wachovia Bank has limited the access of nearly 1,000 colleges to $9.3 billion the bank has held for them in a short-term investment fund, raising worries on some campuses about meeting payrolls and other obligations.
Posted by trailing wife">trailing wife  2008-10-02 21:12||   2008-10-02 21:12|| Front Page Top

#5 I've been poo-poo'ing the 'credit crunch' for a year now, but there's no denying it. Some sort of crunch has arrived. The only question now is, How big will it get?
Posted by Mike N. 2008-10-02 21:15||   2008-10-02 21:15|| Front Page Top

#6 Hmmmmm.

Maybe time to stash some more cash at home?
Posted by Angomosing Sforza9260">Angomosing Sforza9260  2008-10-02 21:22|| http://ariellestjohndesigns.com/]">[http://ariellestjohndesigns.com/]  2008-10-02 21:22|| Front Page Top

#7 Other than it wouldn't accomplish anything, I guess I don't see why not.
Posted by Mike N. 2008-10-02 21:49||   2008-10-02 21:49|| Front Page Top

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