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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (420931)	9/29/2008 7:43:35 PM
From: tejek	Read Replies (1) \| Respond to of 1576364

What's sort of weird about this is the constituency for the folks being bailed out is the Republicans. You would think (and the Bush admin is strongly in the camp) that the Reps would be all over this as a great thing... essentially a huge subsidy for their WS buddies. And the Dems would be against it. The Republicans who oppose the bailout are not traditional Republicans from the cities. A lot of them are from small towns who are very anti gov't. Since the media has made this mostly about Wall Street, I think these guys don't realize how much small town America will be hurt by this mess. Today, after the vote, they looked very proud of what they had wrought. I guess it comes down to what's best for the country. And it feels really uncomfortable to be on the side of the Bush admin. I'm not smart enough to figure if this is a good thing... but it does become suspect when Bush and all support it. If I understand this mess correctly, the problem is very serious. We lost Wachovia over the weekend; WaMu last week. Michael seems to think thats the end of it but today, other banks started the death spiral. Bottomline: people, corporations and bankers are losing faith in the banking system in this country and the contagian is spreading to other countries. Yesterday, the Benelux countries had to bail out a big bank based in Amsterdam and Brussels. Add to that, the legislative and executive branches of the federal gov't in this country are clearly broken. We've got a very serious mess brewing here and no leader in place who is able to turn the tide. I am very worried.

To: Road Walker who wrote (420931)	9/29/2008 7:47:06 PM
From: Alighieri	Read Replies (4) \| Respond to of 1576364

What's sort of weird about this is the constituency for the folks being bailed out is the Republicans. If you listen to talk radio you quickly conclude that the opposition to this comes from socially conservative republicans...its guttural, emotional opposition...nothing pragmatic about it...probably not even informed opposition. Al

To: Road Walker who wrote (420931)	9/29/2008 9:24:02 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1576364

JF, > What's sort of weird about this is the constituency for the folks being bailed out is the Republicans. Pardon me for being blunt, but that's about as ignorant of a statement as you can make in these times. Seems to me that there are three camps: 1) Those who want some sort of bailout plan to prevent a crisis. 2) Those who are against the bailout plan because it amounts to socialism. 3) Those who are against the bailout plan because it amounts to rewarding the rich. You can stick the Republicans in group 2 and the Democrats in group 3, but there's no stereotyping those in group 1, especially when the House leadership, the majority of House Democrats, and Bush and Paulson are all in it. Tenchusatsu