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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (83611)	8/23/2007 8:51:29 AM
From: jlallen	Read Replies (1) \| Respond to of 93284

lol I'll bet you are all broken up over that....

To: Jane4IceCream who wrote (83611)	8/23/2007 2:06:01 PM
From: Skywatcher	Respond to of 93284

not only can BUSH ruin all of foriegn policy...now it's OUR ECONOMY on the brink from mismanagement pimco.com The ultimate solution, it seems to me, must not emanate from the bowels of Fed headquarters on Constitution Avenue, but from the West Wing of 1600 Pennsylvania Avenue. Fiscal, not monetary policy should be the preferred remedy, one scaling Rooseveltian proportions emblematic of the RFC, or perhaps to be more current, the RTC in the early 1990s when the government absorbed the bad debts of the failing savings and loan industry. Why is it possible to rescue corrupt S&L buccaneers in the early 1990s and provide guidance to levered Wall Street investment bankers during the 1998 LTCM crisis, yet throw 2,000,000 homeowners to the wolves in 2007? If we can bail out Chrysler, why can’t we support the American homeowner? The time has come to acknowledge that there are precedents aplenty in the long and even recent history of American policy making. This rescue, which admittedly might bail out speculators who deserve much worse, would support millions of hard working Americans whose recent hours have become ones of frantic desperation. And for those who would still have them eat some Wall Street cake as opposed to Midwest meat & potatoes (The Wall Street Journal editorial page suggested they should get darn good and used to renting once again) look at it this way: your stocks and risk-oriented levered investments will spring to life like the wild flowers in Death Valley after a flash flood. And if you’re a Republican office holder, you’d win a new constituency of voters – “almost homeless homeowners” – for generations to come. Get with it Mr. President and Mr. Treasury Secretary. This is your moment to one-up Barney Frank and the Democrats. Reestablish not the RFC or the RTC, but create an RMC – Reconstruction Mortgage Corporation. If not, make some modifications in the existing FHA program, long discarded as ineffective. Write some checks, bail ‘em out, prevent a destructive housing deflation that Ben Bernanke is unable to do. After all “W”, you’re “the Decider,” aren’t you? William H. Gross Managing Director Write checks, bail em out, print money, prevent deflation. I've been pretty bearish on gold for the last year. I'm about to get bullish. So far, this is just a bunch of whimpering by those who are suffering the losses. If a bail out is coming, it's time to flee the dollar and get into hard assets.