Dow to 9k
Nasdaq to 1500
Just like the bottom of the Dot Com bust! Yippee!
Edited, Sep 29th 2008 2:25pm by bubspeed
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Bailout didn't pass...Follow
There went McCain's bipartisan hero credentials. Less than a third of Republicans backed the plan McCain supposedly beat into shape.
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
Knox, have you ever considered that you're a half-wit, an imbecile, an idiot and a moron to the highest degree? Have you considered how much better off the world would be if you ended your cursed existence? Have you considered stimulating the economy by paying someone to shovel up your bloody remains from your nearest train track? Have you considered that President Bush, the one who proposed the bill, is, in actual fact, a Republican? I realise his views are dangerously liberal, but I'm afraid that it's still the case.
Part of me is very happy about this not passing. Hurray! Less for me to pay off for this generation's mistakes in the future!
Another part of me is a little disappointed. Damn! I'm already looking for a job and having no luck, how the hell am I going to find one while this plays out?
A third part of me is very concerned. This is mostly the part of me that has to listen to his father rant about how he just lost 5% of his retirement today, and the day is still going on.
I'm rather mixed about all of it, really. One thing that seems clear is that on a political perspective this looks painful for the GOP. McCain was supposed to come in and make this deal better (didn't happen). Republican administration got us into this mess in the first place (blame game). And Republicans killed a deal that will hurt the economy severely, possibly costing them the election.
I mean, one could easily come back and say the Democrats were leading us to socialism and ballooning the national debt even further, but that hasn't been the talk I've heard so far.
Another part of me is a little disappointed. Damn! I'm already looking for a job and having no luck, how the hell am I going to find one while this plays out?
A third part of me is very concerned. This is mostly the part of me that has to listen to his father rant about how he just lost 5% of his retirement today, and the day is still going on.
I'm rather mixed about all of it, really. One thing that seems clear is that on a political perspective this looks painful for the GOP. McCain was supposed to come in and make this deal better (didn't happen). Republican administration got us into this mess in the first place (blame game). And Republicans killed a deal that will hurt the economy severely, possibly costing them the election.
I mean, one could easily come back and say the Democrats were leading us to socialism and ballooning the national debt even further, but that hasn't been the talk I've heard so far.
knoxsouthy wrote:
I understand thinking two moves ahead is difficult for someone with your limited intellect.
Seriously, Bush is trying to stop up a dam leak with a bandaid. A $700 billion bandaid, at that. And where the Bush administration is concerned, large amounts of money + enormous corporations + "urgent" timeframe bill = a big, muddled financial mess that will likely end with some of his cronies' pockets getting lined with our tax dollars.
You're rubber, I am glue, eh? I'd say that I think you can do better, but I'm not so sure. Tell you what, re-hinge your jaw, take your slobbering tongue back into your mouth and focus on what you want to communicate. Oh, and mind the thoughtless buzz-words don't sting as they come out.
Yeah, the Dems didn't have the votes they said they did to get it done, despite Pelosi's arm twisting. Apparently lawmakers were calling back to their offices to the very last minute to see what their constituants were saying, so nobody was commiting to the bill like she wanted. Pelosi ended up pulling the bill from the floor before time ran out.
I'm edging towards the belief that the bailout is not what is needed in this particular case. I don't have any specific reasons other than it seems too rushed and hurried in the need to get it done. Nothing Congress does should be done in a hurry, considering how apt they are to ***** things up.
On a related note, I just heard on talk radio that the mortgage loans were a pet money making project for various Democrats in Congress, particularly Maxine Waters and Charles Schumer, among others. The charge against them is that regulation of the Fannie May and Freddie Mac industries were rejected by these individuals because of money they somehow got from lobbyists politicing against stronger oversight. I heard a clip that even had Bill Clinton complaining that he and the Republicans tried to introduce legislation to various committees for stronger regulation of the mortgage market, but these various Dems strenously opposed it. Apparently there is a Youtube clip which compiles all the significant people speaking for and against regulation on it. I hope to find it and link it shortly. If all this is true, you people claiming this is all Dubya's fault have an apology to make.
Totem
I'm edging towards the belief that the bailout is not what is needed in this particular case. I don't have any specific reasons other than it seems too rushed and hurried in the need to get it done. Nothing Congress does should be done in a hurry, considering how apt they are to ***** things up.
On a related note, I just heard on talk radio that the mortgage loans were a pet money making project for various Democrats in Congress, particularly Maxine Waters and Charles Schumer, among others. The charge against them is that regulation of the Fannie May and Freddie Mac industries were rejected by these individuals because of money they somehow got from lobbyists politicing against stronger oversight. I heard a clip that even had Bill Clinton complaining that he and the Republicans tried to introduce legislation to various committees for stronger regulation of the mortgage market, but these various Dems strenously opposed it. Apparently there is a Youtube clip which compiles all the significant people speaking for and against regulation on it. I hope to find it and link it shortly. If all this is true, you people claiming this is all Dubya's fault have an apology to make.
Totem
Quote:
Yet it's the Dems who are in complete panic mode. How does that work?
Who suspended their campaign? Ho-hum, let me think.
knoxsouthy wrote:
Better than turning our economy completely over to the govn.
Donate. One day it could be your family.
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
"You realize Fannie and Freddie were Democrat run programs that caused this mess don't you? These programs were nothing more than affirmative action applied to the housing sector." -- knox
Precisely what I'm trying to find on Youtube. Forcing these institutions to lend to people who couldn't make a mortgage note and then rewarding the politicians for making it happen. Then couple that with greed on the part of people who could make their mortgage note, but decided to get in on the wave and make some quick cash by flipping houses, it was a recipe for disaster. Again, I'd like to point out I heard Bill Clinton express frustration that he and the Republicans could not get the Democrats to regulate the industry.
Kinda goes against conventional wisdom, huh?
Totem
Precisely what I'm trying to find on Youtube. Forcing these institutions to lend to people who couldn't make a mortgage note and then rewarding the politicians for making it happen. Then couple that with greed on the part of people who could make their mortgage note, but decided to get in on the wave and make some quick cash by flipping houses, it was a recipe for disaster. Again, I'd like to point out I heard Bill Clinton express frustration that he and the Republicans could not get the Democrats to regulate the industry.
Kinda goes against conventional wisdom, huh?
Totem
knoxsouthy wrote:
Who completely ignored the issue, waited on congress to do something, then said something about it...
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
Quote:
Who completely ignored the issue, waited on congress to do something, then said something about it...no need to answer, it was rhetorical.
But I thought congress was liberal, Knox? I hope you can see the problem here.
Oh, and that was both aprties, for the most part.
When I hear the Bailout fail to past I went to see how my representative voted. Not usre ow i feel on fact that he voted No.
heres totals by Party.
Ayes Noes PRES NV
Democratic 140 95
Republican 65 133 1
Independent
TOTALS 205 228 1
heres totals by Party.
Quote:
Ayes Noes PRES NV
Democratic 140 95
Republican 65 133 1
Independent
TOTALS 205 228 1
In the place of a Dark Lord you would have a Queen! Not dark but beautiful and terrible as the Morn! Treacherous as the Seas! Stronger than the foundations of the Earth! All shall love me and despair! -ElneClare
This Post is written in Elnese, If it was an actual Post, it would make sense.
This Post is written in Elnese, If it was an actual Post, it would make sense.
Kavekk, do you realize how stupid you sound right now? Talk about missing the forest for the trees, dude, you are harping on a political stunt by McCain as if this somehow impacts in any manner what has happened in this financial crisis or the outcome. You might as well make the ridiculous argument that the butterfly wing's beating across the globe caused the hurricane on this side of the world.
Pull your head out of your a$$ and at least contribute something to the discussion that merits more than derision from the brain dead Dem talking points fanantical Obama supporters use to bolster their candidate's stature.
C'mon, raise the level of your game and save that **** for the OOT readership that doesn't have the savvy or intellect to know better.
Totem
Pull your head out of your a$$ and at least contribute something to the discussion that merits more than derision from the brain dead Dem talking points fanantical Obama supporters use to bolster their candidate's stature.
C'mon, raise the level of your game and save that **** for the OOT readership that doesn't have the savvy or intellect to know better.
Totem
knoxsouthy wrote:
kavek,
You don't research anything do you? This is primarily a Democrat scandal that's f*cking the economy. But it really is what they want.
Quote:
Oh, and that was both aprties, for the most part.
You don't research anything do you? This is primarily a Democrat scandal that's f*cking the economy. But it really is what they want.
OK, let's enter your fantasy land. The despicable Democrats are trying to deregulate the economy, something the Republicans that so love big government despise COUGHHAHAHAHCOUGH, but the noble Republicans aren't doing much to stop them, are they? Has any Republican president made this a top issue to solve? To push back the accursed liberal from the economy so your children may run happy and free?
Hmm?
Let me think.
Give me a moment here. Nope, I can't remember any.
Say, one chap DOES spring to mind though. His name starts with R and ends with onald Reagan. He sure loved regulating the economy, boy did he! Yep! Sure did!
!!!
"Has any Republican president made this a top issue to solve?" -Kavvek
Nope. Much to my dismay. And McCain missed a golden opportunity to bring it up at this last debate too. All that does not change the problem with regulation not being a Republican problem in this case, but with particular Democrats (notice I did not blanketly accuse all Democrats) who were profiting from keeping the industry deregulated.
Totem
Nope. Much to my dismay. And McCain missed a golden opportunity to bring it up at this last debate too. All that does not change the problem with regulation not being a Republican problem in this case, but with particular Democrats (notice I did not blanketly accuse all Democrats) who were profiting from keeping the industry deregulated.
Totem
knoxsouthy wrote:
Brought to you by the product of public (govn) education (indoctrination)
Donate. One day it could be your family.
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
An invasion of armies can be resisted, but not an idea whose time has come. Victor Hugo
I just had a mental image of Totem and Kavekk still arguing about this in the soup que, it tickled me. :)
Totem wrote:
"Has any Republican president made this a top issue to solve?" -Kavvek
Nope. Much to my dismay. And McCain missed a golden opportunity to bring it up at this last debate too. All that does not change the problem with regulation not being a Republican problem in this case, but with particular Democrats (notice I did not blanketly accuse all Democrats) who were profiting from keeping the industry deregulated.
Totem
Nope. Much to my dismay. And McCain missed a golden opportunity to bring it up at this last debate too. All that does not change the problem with regulation not being a Republican problem in this case, but with particular Democrats (notice I did not blanketly accuse all Democrats) who were profiting from keeping the industry deregulated.
Totem
I've yet to see any solid evidence (that wasn't totally misleading) to indicate this. Seeing as deregulation has been a staple of Republican policy, I'm going to need something solid before I believe this.
Quote:
Brought to you by the product of public (govn) education (indoctrination):
You're one dumb ************. I was educated at a grammar school in England. Try reading under my post next time.
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