posted
The answer is that there wouldn't be any significant ramifications. The FDIC would take control and sell the parts of the banks to other (hopefully responsible) banks. Do you really believe that these banks can't be replaced
how much would the FDIC liability be?
more than a trillion, by several factors.
which is cheaper? a bailout or the govt absorbing ALL of the liability.
there isn't money to buy those banks without govt lending..JP Morgan HAD to borrow money to buy Bear Sterns
all of this arguing over 750 billion or 900 billion is a sick JOKE, and the joke is on US citizens...
IMO? we have a whole generation of politicians that never grew up.
all of the "naysayers" are the old SOB's that got us into this mess, and they simply want Obama to fail. no more no less.
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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You didn't paste the rest of it Prop... Obama was calling for Maximum annual pay, pay to be disclosed, bonuses can be clawed back, no golden parachutes, adopting policy on luxuries
And, in the article...
"This is America," the President declared at the White House. "We don't disparage wealth. We don't begrudge anybody for achieving success. And we belive sucess should be rewarded. But what gets people upset-and rightfuly so-are exutives being rewarded for failure, especily when thoes rewards are subsidised by taxpayers."
...but you didn't read it, did you Prop.?
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posted
He may have read it, Highway..., but his brain is stuck on 19th century prejudices that prevent anyt idea beyond the year 1928 from finding a resting place in the vacuum between his ears. It just goes in through one ear, finds no resting place allowed to it, then out the other ear.
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By the way Prop., if your personal Jesus "Mahi Rushi" or whatever he calls himself, was such a conservative why wasn't he supporting Ed Huckeby? He was the preacher... No, he was all for MUTT, I mean Mitt Romney. And dead set against McCain... Until he pulled off his triple hypocritical flip with a half twist.... TADAAAA, VOTE MCCAIN!lmao
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quote:which is cheaper? a bailout or the govt absorbing ALL of the liability.
What is the cheapest and best thing to do is allow bad companies to fail and other companies to take over their parts. The goverment could loan solvent successful banks the money to buy the remains of the big banks (if necessary), and the government would MAKE MONEY on that. The bailouts to date have not improved the economy. All they have done is transfer money from the middle class to the rich wall street crowd.
quote:all of this arguing over 750 billion or 900 billion is a sick JOKE, and the joke is on US citizens...
No, the sick joke is that TRILLIONS OF DOLLARS of taxpayer obligations are being taken from us and given to the ultra rich! This is the biggest theft in history.
quote:all of the "naysayers" are the old SOB's that got us into this mess, and they simply want Obama to fail. no more no less.
The socialists are in complete control of congress and the White House. I haven't heard any threats of a filibuster, so the socialists can do whatever they like. Pass it and then accept the responsibility for what happens (or doesn't happen). I know you lefties don't like it, but you're in control and you are responsible for your actions!
quote:We don't disparage wealth. We don't begrudge anybody for achieving success. And we belive sucess should be rewarded. But what gets people upset-and rightfuly so-are exutives being rewarded for failure, especily when thoes rewards are subsidised by taxpayers."
What gets me upset is failure being rewarded and those executives even having a job when they've run their companies into the ground!
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posted
What is the cheapest and best thing to do is allow bad companies to fail and other companies to take over their parts.
despite all of the rumors floating around? that's what they did at the very beginning of the Great Depression... it led to catastrophe.
and despite all of the rumors? the only thing that got US out was WW2, which was a big govt spending package. you don't need a war to have a big govt spending package. nobody even asks how much in a case like that they just do it.
i don't like this need for a bailout. we could have avoided it, but it's too late to close the barn door now.
in any case? we are going to have no choice but to return to the tax structures of the 40's 50's and 60's....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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Props wrote "What gets me upset is failure being rewarded and those executives even having a job when they've run their companies into the ground!"
Oh yeah, You really want to go there? Bush is being rewarded with $186,600 to $400,000 a year (from what I've found) for retiring as the President that ran this Country, evidently, the World economy , into the ground...
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"and despite all of the rumors? the only thing that got US out was WW2"
That's an accurate statement if you DEFINE "got US out" to mean made the financial institutions were returned as both respectable and fat cats again, but well before WWII, most of the common people who had been devastated were going back to work and feeding their families because of Government programs, maybe not at high paying jobs, but at jobs and maybe not dining on fancy steak with champagne, but at the dinner table, not the bread line.
What is so very much more scary now is that back then most families still had relatives nearby on the farm and they had access to gardens and fresh milk and such. Now, almost everyone lives deep in some urban squall and the last they knew of anyone on a farm was in their "reader" or "speller" in the third grade.
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I just saw that the unemployment rate is the highest it's been since 1992... when the Republican before last left office. I'm sensing a pattern. But I guess we're out of the Bush's now though.
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OMG, F'n Democrats go around talking about change and this damn stimulus bill is LOADED with their pork projects. Most of this stuff doesnt do anything for creating jobs. Just government spending on projects that please those that helped get them elected.
I cant believe this. I am not for tax cuts one bit right now, and I think that they need to be able to explain how EACH allocation creates jobs. They cant!
This bill should be online for all to see and to show what each congressman and senator put into it. Expose the bill in the open for the citizens to see the slop they put together. This government is a joke. I am watching C-SPAN right now and have been looking at it from time to time today. WTF is wrong with these people.
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.
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Well, it's the Republicans that was wanting the tax cuts Moo. And you say "Most of this stuff doesn't do anything for creating jobs." I'd say some, but how can you say it's most. And besides, this stimulus has some provisions unlike the stimulus package layout by your man Bush. People still don't know what the hell happened to that money Bush cleared. Matter of fact, this SECOND package was pretty close to getting pushed thru while Bush was still in office. Also, you can thank Bush for the boat we're all floating in right now in the first place. Obama didn't do this in 2 weeks, it was Bush's 8 years!
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Nobody can guarantee this is going to work...blowing all this money on a liberal wish list. I am so sick of the "Its all Bush's fault"
Well NO SH** everyone get over the argument already. Bush isnt president anymore. Move forward and not backwards. Look at this so called stimulus bill for what it is. Have any of you done that? Are you just trusting your party to make sure its ok? Fk some people are just so stuck on themselves and their argument. This is sick, and now they are talking about MORE TARPS!!!! WTF!?
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.
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quote:Originally posted by CashCowMoo: OMG, F'n Democrats go around talking about change and this damn stimulus bill is LOADED with their pork projects. Most of this stuff doesnt do anything for creating jobs. Just government spending on projects that please those that helped get them elected.
I cant believe this. I am not for tax cuts one bit right now, and I think that they need to be able to explain how EACH allocation creates jobs. They cant!
This bill should be online for all to see and to show what each congressman and senator put into it. Expose the bill in the open for the citizens to see the slop they put together. This government is a joke. I am watching C-SPAN right now and have been looking at it from time to time today. WTF is wrong with these people.
Actually, you are dimwitted fool and an idiot.
All that is in the stimulus package is there because you guys bankrupted everyone, not just the U. S. EVERYONE!
Why in hell didn't you republican tax cutting know-it-alls do a damned thing other than invade Iraq illegally and cut taxes to those that didn't need it?
Change....damned right, there is change from idiotic dishonest republican stay the course bull sh-t.
Finally!
Now go send some candy kisses to you Party leader, Fat Rush the Doper, and leave saving the world to those that have the balls to try.
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You guys? Me? I was doing foot patrols during the surge on the streets of east baghdad for a b.s. war while you should have been writing your congressman demanding action against corrupt policies.
You are such a weak communicator bdgee. Look at you...
"Now go send some candy kisses to you Party leader, Fat Rush the Doper, and leave saving the world to those that have the balls to try."
I am so sick of your childish name calling and rants. You are nothing more than a grumpy old fart unhappy with life and it shows more than anything through your posts.
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.
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I don' t care who was "doing foot patrols during the surge on the streets of east baghdad for a b.s. war". You are a loudmouth joke and a pain in the butt, who spend his every effort being a jerk and parroting Fat Rush's lies.
I've been sick of your name calling all along. You are a spineless little mental wimp, saying nastiness that you copy from looser web sites and raising the devil if anyone questions your b.s.
quote:doing nothing would not happen even if we had a GOP president, the only difference is who is complaining and who is cheering.
You're right about that! In fact, Bush is totally responsible for the first $700 Billion Bailout and the initial move toward socialism! However, I think that many of us have been complaining about these bailouts since day one. I called my congressmen to urge them to vote NO on both the initial bailout and on the one currently being considered. In fact, I called the idiot Voinovich as late as an hour ago!
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quote:Originally posted by glassman: in order to throw mud? one must first get themselves really muddy.
the stimulus is what it is.
doing nothing would not happen even if we had a GOP president, the only difference is who is complaining and who is cheering.
I don't think there is anything to cheer about, whoever is doing it. That would be like being proud that toilet training has failed for a 5 year old.
This is a clean up job we should take seriously and think about what caused the failure in the first place, not how we can brag about it. Correcting what went wrong is what's on the agenda now. That is what is necessary.
(Correcting sort of demands admission of failure, I suppose.)
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Yes you are right Glassman ww2 is what bailed us out of the depression and that was the new deal on steriods.
IMHO thats what we need now a bailout package at least three times the size that we have now and employ everybody period leave this damn period now behinde us so fast we won't know it was even here. then we can all fight later over wether we are socialist or not or just what we really are.
Wait around and do next to nothing and all of us will be fighting over the scraps that are left and this dear dream we call America will be gone.
-------------------- Wise men learn more from fools than fools from the wise.
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On more than one occasion President Truman referred to the desk sign in public statements. For example, in an address at the National War College on December 19, 1952 Mr. Truman said, "You know, it's easy for the Monday morning quarterback to say what the coach should have done, after the game is over. But when the decision is up before you -- and on my desk I have a motto which says The Buck Stops Here' -- the decision has to be made." In his farewell address to the American people given in January 1953, President Truman referred to this concept very specifically in asserting that, "The President--whoever he is--has to decide. He can't pass the buck to anybody. No one else can do the deciding for him. That's his job.
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Why is there so much pork in this stimulus? This is ridiculous! Another thing, why are they bailing out state governments with this money. If this 8-900 BILLION dollar package went strictly to creating jobs...wow America would be working! Instead it is just spend spend spend on earmarked projects.
What a joke
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.
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The purpose of this stimulus plan is NOT to encourage jobs. The purpose of this stimulus plan is to advance a far-left socialist agenda. For example, extending the SCHIP program to families that make a whopping 300% of the poverty level. With the exclusions to income they have in the bill, some families making more than $100,000 per year will be eligible for the government handout. It's RIDICULOUS!
The estimates of the cost of jobs created by this bill run from a LOW of $200,000 per job to a high of more than $600,000 per job. I don't know about you, but as a taxpayer, I'm really not excited about spending $600,000 to create one job! That's beyond ridiculous!
How will this all end? Our economy IS going to collapse, followed shortly thereafter by our country as we know it. The socialists (including Bush) have literally spent us into destruction.
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quote:Originally posted by Propertymanager: The purpose of this stimulus plan is NOT to encourage jobs. The purpose of this stimulus plan is to advance a far-left socialist agenda. For example, extending the SCHIP program to families that make a whopping 300% of the poverty level. With the exclusions to income they have in the bill, some families making more than $100,000 per year will be eligible for the government handout. It's RIDICULOUS!
The estimates of the cost of jobs created by this bill run from a LOW of $200,000 per job to a high of more than $600,000 per job. I don't know about you, but as a taxpayer, I'm really not excited about spending $600,000 to create one job! That's beyond ridiculous!
How will this all end? Our economy IS going to collapse, followed shortly thereafter by our country as we know it. The socialists (including Bush) have literally spent us into destruction.
yawn, you're just whining about who won the election. grow up.
when Dick and Dubya won? they were elected by you and yours. this is what we got.
if we were not so screwed up by them? none of this would be going on, but it is..
there are no real conservatives in politics.
Frist called himself one, where is he?
DeLay called himself one, where is he?
look at the list from just Abramoff:
People convicted in Abramoff probe (as of June 9, 2007)
Abramoff is serving six years in prison on a criminal case out of Florida, where he pled guilty in January 2006 to charges of conspiracy, honest services fraud, and tax evasion. For the mail fraud, conspiracy, and tax evasion charges stemming from the influence-peddling scandal in Washington, Abramoff was sentenced to 4 years in federal prison on September 4, 2008 by U.S. District Judge Ellen Segal Huvelle. He had faced up to 11 years in prison.
Abramoff is cooperating in a bribery investigation involving lawmakers, their aides, and members of Bush's administration.
Lawmakers, lobbyists, Bush administration officials, congressional staffers, and businessmen caught up in the Jack Abramoff public corruption probe:[60]
* Adam Kidan (former Abramoff business partner), was sentenced in Florida in March 2006 to nearly six years in prison for conspiracy and fraud in the 2000 purchase of the Fort Lauderdale-based SunCruz Casinos gambling fleet. * Bob Ney, (former Rep.) R-Ohio, sentenced in January to 2 1/2 years in prison, acknowledged taking bribes from Abramoff. Ney was in the traveling party on an Abramoff-sponsored golfing trip to Scotland at the heart of the case against Safavian. * David Safavian, (former White House official), the Bush administration's former top procurement official, was sentenced to 18 months in prison in October 2006 after he was found guilty of covering up his dealings with Abramoff. Safavian is appealing his conviction. * Italia Federici, co-founder of the Council of Republicans for Environmental Advocacy, pled guilty to tax evasion and obstruction of a Senate investigation into Abramoff's relationship with officials at the Department of Interior. * Mark Zachares, former aide to Rep. Don Young, R-Alaska, pled guilty to conspiracy. He acknowledged accepting tens of thousands of dollars worth of gifts and a golf trip to Scotland from Abramoff's team in exchange for official acts on the lobbyist's behalf. * Michael Scanlon, a former Abramoff business partner and DeLay aide, pled guilty in November 2005 to conspiring to bribe public officials in connection with his lobbying work on behalf of Indian tribes and casino issues. He is cooperating with investigators. * Neil Volz, a former chief of staff to Ney who left government to work for Abramoff, pled guilty in May 2006 to conspiring to corrupt Ney and others with trips and other aid. * Roger Stillwell, a former Interior Department official, was sentenced to two years on probation in January after pleading guilty to a misdemeanor charge for not reporting hundreds of dollars worth of sports and concert tickets he received from Abramoff. * Steven Griles, (former Deputy Interior Secretary) the highest-ranking Bush administration official convicted in the scandal, pled guilty to obstruction of justice. He admitted lying to a Senate committee about his relationship with Abramoff, who repeatedly sought Griles' intervention at Interior on behalf of Indian tribal clients. * Tony Rudy, lobbyist and one-time aide to DeLay, pled guilty in March 2006 to conspiring with Abramoff. He is cooperating with investigators. * William Heaton, former chief of staff for Ney, pled guilty to a federal conspiracy charge involving a golf trip to Scotland, expensive meals, and tickets to sporting events between 2002 and 2004 as payoffs for helping Abramoff's clients.
that's just who got caught in one scandal dude...
your 'conservatives" do not exist any more than Jack's Beanstalk.
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by Highwaychild: Moo wrote "Another thing, why are they bailing out state governments with this money."
-Maybe because the 'states' is what kind of makes up the United STATES of America. But I don't know, I'm just guessing...
Highway, please tell me why California's mismanaged budget disaster is worth billions of Floridians tax dollars? Instead of trying to see what I mean you just go straight into attack mode. Weak.
This is supposed to be a STIMULUS bill, not a bail out state government bill.
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