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2008-09-28 Home Front Economy

What $700B won't buy: a quick fix for the economy--Capitalism takes a sabbatical

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Posted by JohnQC 2008-09-28 02:01|| || Front Page|| [5 views ] Top

#1 I've have never seen such a rush to get this taxpayer bailout bill railroaded through with so little transparency and accountability. The same people that got us into this mess are still making decisions about the bailout. CSPAN is so very interesting. Today, callers called in to talk with Barney Frank. Virtually all of them were pi$$ed to one degree or the other. Frank wiggled, squirmed, deflected, blamed the Republicans, spun the issues, and disembled. One guy that called in said he was running for office as an independent for the first time and he thought all the people that got us into this debacle should just step down. Frank said that would not be the democratic way but what he meant was the Democratic Way (wink, wink). He dodged questions about Fannie Mae and Freddie Man and the fact that James A. Johnson and Franklin Raines ran Freddie and Fannie into the ground while making a fortune. Nothing was said about investment deregulation in 1999 under Clinton that led to this financial mess. Frank made it sound like he was a hard working public servant that was amazed at how the Republican administration got us into this mess.

I don't know what pony George W. has in this race, i.e. why he is pushing the Paulson package and the subsequent compromise package--maybe he doesn't have a horse in this race since he will only be in office a few more months.

I can see the donks looking at my accounts--although they are meager, and telling me what I can have left after they get done with redistributing my wealth and the rest of the country's.

Posted by JohnQC 2008-09-28 12:48|| 2008-09-28 12:48|| Front Page Top

#2 I can see the donks looking at my accounts--although they are meager, and telling me what I can have left after they get done with redistributing my wealth and the rest of the country's. Posted by: JohnQC

A very predictable trend actually....... having experienced for nearly 45 years, the non-receiving end of welfare benefits, affirmative action, housing assistance, minority scholarships, food stamps, income tax credits, job application preference, employment promotion and selection, economic cash incentives, government cheese, and midnight basketball.

I STILL managed to sock away nearly $150. Come hither you sorry communist bastards, NOW YOU CAN HAVE IT ALL!

Posted by Besoeker 2008-09-28 13:41|| 2008-09-28 13:41|| Front Page Top

#3 If I'd known this was coming, I would have told the IRS to keep my refund check earlier in the summer. Thanks but no thanks. If it looks too good to be true, it probably isn't true or good. There are no free lunches or free homes.

Posted by JohnQC 2008-09-28 14:41|| 2008-09-28 14:41|| Front Page Top

#4 Get a gun. Defend your rights.

Posted by Hellfish 2008-09-28 19:51|| 2008-09-28 19:51|| Front Page Top

#5 I was thinking of a cross bow.

Posted by Nimble Spemble 2008-09-28 20:09|| 2008-09-28 20:09|| Front Page Top

#6 Past USG bailouts of Airlines and Auto companies only resulted in higher corporate management salaries while doing little to stop the loss of domestic or international market share. Poor economies of scale ended up being protected and promoted, not eliminated. ITS GOOD ELECTION YEAR POLITICS BUT IN THE END US TAXPAYERS STILL END UP PAYING FOR YEARS AND DECADES FOR NOTHING.

Posted by JosephMendiola 2008-09-28 22:15|| 2008-09-28 22:15|| Front Page Top

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