Actually, my solution IS a lot better, because it doesn't saddle us with trillions of dollars of additional debt that must be repaid (one way or the other). That makes my solution a lot less painful than the spend-a-thon alternative. [/QUOTE]
the only reason you think your solution is better is ignorance.
the government is contractually obligated to cover the loss of all members of the FDIC...
i'm surprised that you even claim to be in business. you have no clear idea what a contractual obligation means. Who tightened up the bankruptcy laws for individuals? the "conservatives"... yet the "conservatives' are proposing corporate bankruptcy as a "quick fix" for the mess they made. don't you see the severe hypocrisy in this?
and the Taxpayer eats the bankruptcy costs ANYWAY... those costs are way beyond anything in the stimulus plans.
your "idea" is half baked. put it back in the oven for awhile longer and try again....
when it is done? stick a fork in it and see if it comes out clean
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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I wish I had been paying more attention to this thread. I missed a lot of good debate.
ThinkMoney, you've put some thought into your responses. Thank you. I disagree with you wholeheartedly but you had some reasoning behind your posts. I appreciate that.
Glass,
I finally understand why you say the bailout was necessary. I still think it was done in a very poor way and I hate the subterfuge that was used to get it approved and available. Hopefully the 350 Billion TARP that is out so far along with the unlimited Fed Reserve short term loans have been enough to start unweaving the 62 Trillion dollar CDS web of destruction that these idiots created. No wonder everything is too big to fail suddenly. It's all been insured to death and back. One piece falls and it starts a chain reaction that would blow out every medium to large sized financial institution in the country.
To think that the amounts underwritten in these swaps is equal to more than 4 full years of the USA's GDP...insane!
Where is MacGyver when you need him most?
-------------------- No longer eligible for government service due to lack of tax issues.
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quote:Originally posted by wallymac: PM: all you seem to harp on is entitlements. Social Security and Medicare would be fine if it weren't for the fact that they were raided by both parties. The real reason we are in the dire straits we are in, is that the free market was let to go untethered and greed took over.
I don't think anyone really knows how to fix it. Your solution of letting the markets fail and rebuilding isn't any better than throwing money at the problem. Yet something has to be done. It's going to be trial and error until something works or doesn't.
The real need is for these elected officials to begin doing what they should have been doing all along and that is to do what is best for the COUNTRY not them individually to get re-elected or hold party lines.
And what's best for our country is for politicians to stop making decisions about things they have no expertise in.
We also need term limits on congress. Voting a moron into office repeatedly because we don't want our elected offical to lose his senority is the real shame. Voters that do the right thing and remove a bad politician are penalized by a senority system.
-------------------- Let's Go METS!!!
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posted
I find it amazing that someone with no "expertise" in anything at all should expect that their opinion about the "expertise" of politicians and the judgments of those politicians should be considered as anything but blarney and egotistical wind.
Hypocrisy maybe???
And then on top of that, you want to replace those politicos without sufficient "expertise" and experience with new ones with out even that amount of "expertise" and experience. There surely seems to be a problem with your proposed "solution" in that following it only increases the problem you say it would cure.
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Why do you think we pay these guys if it isn't to make decisions? They listen to 'experts' all day long. I do agree with you on term limits but seniority exists whether you say it does or not. It's just a natural thing that happens and is insisted upon. Better to have it out in the open where people can see it than have it under the table.
-------------------- No longer eligible for government service due to lack of tax issues.
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posted
And what's best for our country is for politicians to stop making decisions about things they have no expertise in.
that would lead to a meritocracy.
sounds good on the surface, but most "conservatives" don't think much of the "liberal" educated.
Our education plan allows us to make further gains in the suburbs. It will also allow us to make gains with Hispanics and African-Americans. As people do better, they start voting like Republicans -- unless they have too much education and vote Democratic, which proves there can be too much of a good thing.
Karl Rove, quoted in the "Daily Texan," March 19, 2001
how do you determine who is an "expert"? only the experts can decide who is an expert .
sorry
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
There are experts on both sides of the debate. So who is right and who is wrong? Maybe just maybe the answer lies somewhere in between. The experts in most fields want nothing to do with elected office, too little money and no privacy. Therefore we are left with electing those who are willing to run. They have staff that do the research and make recommendations usually based on what the experts say.
As far as term limits? IMO, that is anti-democratic. Why should the people not be able to elect whoever they want? We already have term limits, they are called elections. We may not agree with who gets elected but the fact is that the people do elect them. If we the people don't like what they are doing then we shouldn't vote for them.
The problem is not how long someone serves, in fact if a business was run where the business plan did a 180 every 4 yrs or so I'm sure it would not be very successful. Business plans in business change when they become ineffective and usually happen gradually not full scale in with the new and out with the old.
The problems in government come when we are ruled by either extreme, be it Left or Right, because they are inflexible. Open mindedness to ideas other than adherence to the part line would be much more effective.
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