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by Micky D on 25 September 2008 - 14:09

 Here's the crux of the problem.  Our founders gave us a representative republic, but that form of government will not work once the electorate realizes it can vote itself entitlements.  In other words, it can elect politicians that will tax the achievers, and give perks to the rest, the non-achievers.  Add this to the percentage of the super-rich, read that the most aggressive individuals, (like the ones who've been shorting the stocks of smaller companies in order to sink them, and then suck out their money) and you have a potential major mess.

I still believe our Founders had the right idea, but I'm not happy with the way our politicians have been behaving as a whole, over the last 70-100 years.

Micky


by Uglydog on 25 September 2008 - 14:09

Rookie...US troops on our streets is NOT a good thing, you F*ckin Moron. Youre a Traitor to support such an action. We have National Guard to fill that role. 

A Brigade fresh from Iraq is not necessary in any role here, except for Martial law & if youre a Federal Politician after an Economic Collapse, as those are words Bush, McCain, Palin, Bernanke & Paulson are using now. Ive been stating this for over one year along with others here & was ridiculed for it.   I hate to say I told you so, but I F*ckin Told You So.

Even a Bailout is temporary. A Bandaid on an artery & wil lonely buy time.

Back to your point-Put US Troops on the OPEN Border being Invaded. Not on my F*ckin Street

This is a violation of our Constitutional rights, or will be. Martial law will be declared when TSHTF.

Boston Tea Party or Boston Massacre?  We'll See. They can have my guns..one round at a time. F*ck em.

'Our entire economy is in danger'

 

'Our entire economy is in danger'


CNN News-President Bush warned Americans that "our entire economy is in danger" and that passage of a $700 billion bailout plan is essential. "Without immediate action by Congress, America could slip into a financial panic," Bush said. He has invited presidential candidates Barack Obama and John McCain to join

 


Two Moons

by Two Moons on 25 September 2008 - 15:09

Bush and many other's will loose that silver spoon that's been hanging out of their mouth's since the tit was taken away.

Say no to this bail out and let the wheel spin.    

The threat of regular troop's on our street's tell's us again that thing's are truely fubar in this country.   

I wonder if today's soldier would actually fire on civilian's, the training and evaluation's have improved since my day.  

Change is good.......??

 

 


by Uglydog on 25 September 2008 - 16:09

Time Is Running Out -
From Ron Paul
9-25-8
 
Dear Friends,
 
Whenever a Great Bipartisan Consensus is announced, and a compliant  media assures everyone that the wondrous actions of our wise leaders  are being taken for our own good, you can know with absolute  certainty that disaster is about to strike.
 
The events of the past week are no exception.
 
The bailout package that is about to be rammed down Congress' throat  is not just economically foolish. It is downright sinister. It makes  a mockery of our Constitution, which our leaders should never again  bother pretending is still in effect. It promises the American people  a never-ending nightmare of ever-greater debt liabilities they will  have to shoulder. Two weeks ago, financial analyst Jim Rogers said  the bailout of Fannie Mae and Freddie Mac made America more communist  than China! "This is welfare for the rich," he said. "This is  socialism for the rich. It's bailing out the financiers, the banks,  the Wall Streeters."
 
That describes the current bailout package to a T. And we're being  told it's unavoidable.
 
The claim that the market caused all this is so staggeringly foolish  that only politicians and the media could pretend to believe it. But  that has become the conventional wisdom, with the desired result that  those responsible for the credit bubble and its predictable  consequences - predictable, that is, to those who understand sound,  Austrian economics - are being let off the hook. The Federal Reserve  System is actually positioning itself as the savior, rather than the  culprit, in this mess!
 
* The Treasury Secretary is authorized to purchase up to $700 billion  in mortgage-related assets at any one time. That means $700 billion  is only the very beginning of what will hit us.
 
* Financial institutions are "designated as financial agents of the  Government." This is the New Deal to end all New Deals.
 
* Then there's this: "Decisions by the Secretary pursuant to the  authority of this Act are non-reviewable and committed to agency  discretion, and may not be reviewed by any court of law or any  administrative agency." Translation: the Secretary can buy up  whatever junk debt he wants to, burden the American people with it,  and be subject to no one in the process.
 
There goes your country.
 
Even some so-called free-market economists are calling all this  "sadly necessary." Sad, yes. Necessary? Don't make me laugh.
 
Our 1-party system is complicit in yet another crime Against the  American people. The two major party candidates for president  themselves initially indicated their strong support for bailouts of  this kind - another example of the big choice we're supposedly  presented with this November: yes or yes. Now, with a backlash  brewing, they're not quite sure what their views are. A sad display,  really.
 
Although the present bailout package is almost certainly not the end  of t
Two Moons

by Two Moons on 25 September 2008 - 16:09

From what I have seen in the new's the American people are not supporting this move at all and the politition's are nervous about commiting to it.

I have made phone call's and have sent e-mail's, I suggest you all do the same.

It's time to raise your voice and be heard.

I hope it all burn's down, we'll survive just fine.   My Grandparent's did it.


BabyEagle4U

by BabyEagle4U on 25 September 2008 - 16:09

KEEP IT UP, KEEP CALLING GUYS, ITS WORKING!

http://www.nytimes.com/2008/09/25/bu...in&oref=slogin
 


by Preston on 25 September 2008 - 17:09

Basically our leaders at the top have gotten the message to congress and the candidates:

"If you don't pass this 700 billion dollar bailout package by monday and give our man (paulson) 100% non-reviewable authoprity to dispense these funds, there will be no election.  We will allow (create) panic in the streets (translated this means we will cut off all cedit and cause all banks to close and millions of losts jobs).  Then we will have to declare martial law, put the army in control in every city and there will be no presidential election." 

This of course is high treason and 100% against the US Constitution and Bill of Rights. It is nothing more than blackmail. The gov't has become a gangster worse than al capone and is now working actively to destroy the United States of America everyday.  They have become the "enemy within" in spades, just as is warned about in our Constitution. It is pretty sad when you have criminals, mass murderers, and payed off lackeys in power running the gov't.  God help us all, because the gov't won't.


BabyEagle4U

by BabyEagle4U on 25 September 2008 - 17:09


Sherman says 330 to 2 AGAINST BAILOUT   LOL

Just now on CNBC.

Sherman...he's a dem....

KEEP UP THE CALLS !!!

DO NOT STOP NOW !!!!

GO, GO, GO, AMERICAN PEOPLE  !!!!
 
"let it not be said that we did nothing"
 
Sherman, Brad CA 27th (202) 225-5911
 

by Uglydog on 25 September 2008 - 18:09

Get out your Pitchforks, Rope, Tar & Feathers.

Let the trials commence..

 

 


by Micky D on 25 September 2008 - 18:09

 http://faculty.chicagogsb.edu/john.cochrane/research/Papers/mortgage_protest.htm

To the Speaker of the House of Representatives and the President pro tempore of the Senate:

 
As economists, we want to express to Congress our great concern for the plan proposed by Treasury Secretary Paulson to deal with the financial crisis. We are well aware of the difficulty of the current financial situation and we agree with the need for bold action to ensure that the financial system continues to function. We see three fatal pitfalls in the currently proposed plan:
 
1) Its fairness. The plan is a subsidy to investors at taxpayers’ expense. Investors who took risks to earn profits must also bear the losses.  Not every business failure carries systemic risk. The government can ensure a well-functioning financial industry, able to make new loans to creditworthy borrowers, without bailing out particular investors and institutions whose choices proved unwise.
 
2) Its ambiguity. Neither the mission of the new agency nor its oversight are clear. If  taxpayers are to buy illiquid and opaque assets from troubled sellers, the terms, occasions, and methods of such purchases must be crystal clear ahead of time and carefully monitored afterwards.
 
3) Its long-term effects.  If the plan is enacted, its effects will be with us for a generation. For all their recent troubles, America's dynamic and innovative private capital markets have brought the nation unparalleled prosperity.  Fundamentally weakening those markets in order to calm short-run disruptions is desperately short-sighted. 
 
For these reasons we ask Congress not to rush, to hold appropriate hearings, and to carefully consider the right course of action, and to wisely determine the future of the financial industry and the U.S. economy for years to come.  
 

Signed (updated at 9/25/2008 8:30AM CT)

Acemoglu Daron (Massachussets Institute of Technology)
Adler Michael (Columbia University)
Admati Anat R. (Stanford University)
Alexis Marcus (Northwestern University)
Alvarez Fernando (University of Chicago)
Andersen Torben (Northwestern University)
Baliga Sandeep (Northwestern University)
Banerjee Abhijit V. (Massachussets Institute of Technology)
Barankay Iwan (University of Pennsylvania)
Barry Brian (University of Chicago)
Bartkus James R. (Xavier University of Louisiana) 
Becker Charles M. (Duke University)
Becker Robert A. (Indiana University)
Beim David (Columbia University)
Berk Jonathan (Stanford University)
Bisin Alberto (New York University)
Bittlingmayer George (University of Kansas)
Boldrin Michele (Washington University)
Brooks Taggert J. (University of Wisconsin)
Brynjolfsson Eri





 

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