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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Bread Upon The Water who wrote (33805)	9/20/2008 11:29:20 PM
From: Mac Con Ulaidh	Read Replies (1) \| Respond to of 149317

Gamblers always think the run will never end, aye? Give a drunk a bottle of vodka and expect him to take only a temparate sip? You don't put the bottle out. And, nah, Bill C had his part in this. But... if it had stayed on his course with surpluses and no 3 trillion dollar wars... perhaps things could have been reined in before we reached this point. But also he was/is a practical man. Hard to imagine him have letting things grown so loose.

To: Bread Upon The Water who wrote (33805)	9/20/2008 11:32:43 PM
From: Mac Con Ulaidh	Read Replies (1) \| Respond to of 149317

To stretch the drunk analogy tho (if I may???)... before it was considered baaaaaad and immoral and before drugs that help drunks thru the dts without permanent brain damage, which is a serious risk of cold turkey, you ease them off with a sip here and a sip there and ease the sips away as their body adjusts. not only brain damage, but death... I think herion 'might' be more dangerous, will have to recheck, but it is alk is a killer in detox. not unlike having to... detox our current situation. cold turkey is dangerous. and it's not even midnight yet. apologies for the ramble. smile.

To: Bread Upon The Water who wrote (33805)	9/21/2008 4:09:58 AM
From: sylvester80	Read Replies (1) \| Respond to of 149317

FACT: Republican trickle down economics was a big CON game. Republicans are saddling us with trillions of toxic debt that they themselves created in order to enrich themselves in their greedy game. Republican trickle down economics was a big CON game. The middle class is worse off like never before while the richest 400 people enriched themselves to the tune of $1.8 trillion during FULL Republican control from 2001 to 2007. Republican trickle down economics was a big CON game. During those same Republican years of 2001 to 2007 with the tax cuts for the rich, tax receipts actually went down while government debt SKYROCKETED yet the 400 richest Americans enriched themselves to the tune of $1.8 trillion while middle class Americans lost their homes and their savings. Republican trickle down economics was a big CON game. REPUBLICANS ARE GREEDY LYING AMERICAN TRAITORS!!! THEY BELONG IN JAIL!!! ....or worse... much worse....

To: Bread Upon The Water who wrote (33805)	9/21/2008 3:09:59 PM
From: tejek	Read Replies (2) \| Respond to of 149317

It wasn't a Republican plot to rule the financial world that went astray. It was more that the money changers came up with more "oil' to grease the wheels of commerce and it became too much of good thing inasmuch as the money guys thought, fallaciously, that they could manage more risk. The derivatives was just one part of the problem. The derivatives were used to package bad loans mixed in with good ones. That's why no one can figure out what they are worth. Plus, they have set up the loans so they are interlocked and difficult to separate. What the gov't will do will offer a blanket rate for say loans from CA.....$.10 on the dollar because CA was at the heart of the subprime meltdown while they may offer $ .30 on the dollar for loans from WA state because things are not nearly as bad there. Its a hell of way to do business but the gov't doesn't have much of a choice. But that's not all. Since 2000, the rules that have guided the real estate and mortgage industries for decades were thrown out the windows. There was cheating on credit reports, appraisals, creation of loans with no money down, and with payments whose interest rates were subject to reset with an increase in the LIBOR rate. It was the equivalent of telling a classroom of kids their teacher is sick, expecting them to sit quietly all day without the presense of an adult. The Bush administration was a huge proponent of laissez-faire gov't.........with limited regulatory oversight. Members of the real estate, mortgage and banking industries knew the 'teachers' were not watching and so acted accordingly......making up new rules as they went along. I know its become common practice to blame Bush for everything but in this particular case, his philosophy of gov't is very much the cause for why we are in this mess. And let me add, over a year ago, Cramer was screaming his fool head off about this mess and no one listened. Had the feds acted decisively back then like they are now, the mess and the subsequent bailout would have been much smaller. Instead, people accused Cramer of being hysterical.