presidents speech or was it a comedy

[glovesetc]

that was not funny ? This whole thing is a joke . Scare tactics do not work Bushie baby . This is a bailout and not a rescue you moron . Our grandparents lived through the great depression and did not do too badly I am reasonably sure we can do the same . I know it will be tough on the I got to have it now generation and tough on the turkeys that have high credit card bills with higher interest payments!!! It will be hard on the keeping up with the Jones but hey times are hard !!!! Guess the kids won't get designer clothes that are overpriced , no new niintendo, no x-box, no nike $200.00 sneakers , no new cars to drive to school but you will love the schoolbus { nice racy yellow color}, no latest laptops , no video games, no expensive club memberships, no credit cards and no cell phones but heck kids you got to pitch in too !!!!!! This country is still strong and we lived before cell phones , I-0Pods, and all the other happy horse $hit kids think they have to have or they will be outcasts . I hope somebody stops the rush on this bill and the amendments as well . We do not need a rush to judgment on this cause you are only get one shot at it guys ! A lot of you who back this bill will also be leaving public office as well as chatrooms are going crazy organizing campaigns to oust you . A new bunch of morons can not do much worse !!!!! Cash is king and cash will be king for the next few years . We will be able to buy alot of goods cheap cause the idiots who bought it will be losing it so that is a bright side . You can make money in a bull market as well as a depression . Actually easier in a recession/ depression cause there will be plenty of panic selling and that is when you drive a hard bargain and inflict financial pain galore on the losers who bought and bought and can no longer afford what they bought . Times will be good for some but a disaster for most .

[aslan]

Originally Posted by glovesetc

that was not funny ? This whole thing is a joke . Scare tactics do not work Bushie baby . This is a bailout and not a rescue you moron . Our grandparents lived through the great depression and did not do too badly I am reasonably sure we can do the same . I know it will be tough on the I got to have it now generation and tough on the turkeys that have high credit card bills with higher interest payments!!! It will be hard on the keeping up with the Jones but hey times are hard !!!! Guess the kids won't get designer clothes that are overpriced , no new niintendo, no x-box, no nike $200.00 sneakers , no new cars to drive to school but you will love the schoolbus { nice racy yellow color}, no latest laptops , no video games, no expensive club memberships, no credit cards and no cell phones but heck kids you got to pitch in too !!!!!! This country is still strong and we lived before cell phones , I-0Pods, and all the other happy horse $hit kids think they have to have or they will be outcasts . I hope somebody stops the rush on this bill and the amendments as well . We do not need a rush to judgment on this cause you are only get one shot at it guys ! A lot of you who back this bill will also be leaving public office as well as chatrooms are going crazy organizing campaigns to oust you . A new bunch of morons can not do much worse !!!!! Cash is king and cash will be king for the next few years . We will be able to buy alot of goods cheap cause the idiots who bought it will be losing it so that is a bright side . You can make money in a bull market as well as a depression . Actually easier in a recession/ depression cause there will be plenty of panic selling and that is when you drive a hard bargain and inflict financial pain galore on the losers who bought and bought and can no longer afford what they bought . Times will be good for some but a disaster for most .

All government executives and managers take courses in how to sell the poison pill. First, get your audience to believe they are on a burning platform. They will quickly see they have no other course of action but to jump. Wrong!! The burning platform is nothing but governmental tactics to manage the electorate. Don't go for it. If worse comes to worse, we'll end up in another depression. Chances are, nothing like that will happen. In any case, we'll survive. I'd rather be free and in a depression than a fool enslaved by my own government and its ruling elite.

[shadroch]

I guess this is another example of compassionate conservitism.. Who cares if the country goes down in flames,as long as there are buying opportunities.
It's a shame my grandchildren won't have the tools to compete in the modern world,but as long as I can get a two year old car thats hardly been driven for ten cents on the dollar,I'm okay with it.
Is that about the jist of it?

[glovesetc]

good post and thoughtful even if a bit extreme .

[glovesetc]

I have went through many crises starting with the oil embargo in 73 , runaway rates in the prime in 79-80, the recession in the late 80's and etc etc . Some win some lose . I stand by all my posts and if it is tough on some that is the way the cookie crumbles or that is the jist of it .

[Jeff Dubya]

Yep. All Bush's fault.

http://www.bloomberg.com/apps/news?p...d=aSKSoiNbnQY0

All except for the stuff that caused the crisis. oops.

[glovesetc]

This was a group effort by Mr Greed , Ms Avarice, Miss Wallie Street, and everybody else .The majority are against the bail out on Main Street in America whether right or wrong time will only tell but I am assuming you will see a lot of new faces in the Congress this year !! People are P.O>'d at everybody from Bush all the way down to the local dog catcher it seems and it is going to take a long time to heal the divisions created by the mess we are now in . Be interesting to see what the stock market does once the plan is finalized .

[aslan]

Originally Posted by glovesetc

good post and thoughtful even if a bit extreme .

I understand why you say extreme. I am just so infuriated that they're getting away with this. At the very least, they ought to clean house in these companies in terms of sending all the decision makers packing, and ensure that they do not get away unscathed for the mess they got us in. Penalties need to be imposed and parachutes, even ones currently floating down to earth, destroyed. Since Fannie Mae is a quasi governmental organization to some small extent we should be able to impose rules eliminating their ability to lobby on the hill. That is a good deal of the problem. The other problem is that unjustifiable risk-taking is easy when you know you have the full force of the government backing you up. I'd rather see them fully privatized, but that might defeat their purpose in the first place. So at the very least they must be carefully monitored, but when did that ever accomplish anything? What am I saying. The need for this 1938 dinosaur is long past, except for Barney the purple dinosaur Frank and his ilk. We should fully privatize these companies (Fannie, Freddie, Ginnie) and maybe break them up into smaller companies while we're doing it.

[glovesetc]

will get passed which is a shame as I feel we are rushing to judgment and I will repeat that is when mistakes are made big time . I guess Bush and the Dem congress scared everybody into doing something . I liked the add on too - 25 BILLION for the auto companies . Sure it is a loan but why lend money to a company that does not listen to consumers andkeeps building gas guzzlers cause they are big profit makers . A friend of mine called from Central Cadillac last week and asked if I was interested in a 1 year old escalade that retailed out at 67k with every toy they make on it . He said they need to sell it . Has 28,000 miles on it . My price 31.9 k and i promptly asked him if he was braindead . They have over 200 hundered on the lot turned in after the leases were up and trade-ins . They can not GIVE them away - lol ! yes aslan I agree with you in most aspects but this road is long and winding and I am still waiting for the european banks to admit their liabilities of which they have not . The pacific rim and India though are fine from all reports . Guess they did not follow the idiot stock brokers, bankers , and hedge funds in America over the cliff !!!!

[sagefr0g]

are they gonna raise taxes as a result of the bail out?
if the bail out doesn't result in higher taxes and reduced 'essential' govt services then i really don't have a problem with it.
i would though like to have a little help if i should over bet my bankroll and lose.