One Political Mega Thread!!!

bang guy

Moderator
Originally Posted by sickboy
http:///forum/post/2951635
Why was there a buyer in the first place? Why should they have been sold in the first place?

For some unknown reason (I suspect kickbacks or re-election campaign contributions) Feddie Mac and Fannie Mae were conscripted to buy up all

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and student loans any bank could crank out. Please ask Barney Frank what that was all about because I have no understanding as to why these organizations were handing out federally guaranteed loans like candy.
 

reefraff

Active Member
I've seen a lot of supposedly educated people make some utterly stupid decisions so don't go confusing education with wisdom.
I think the government probably should just take over the banking system. Why should we bail them out when they obviously aren't well ran. The government already insures deposits and basically controls the interest rates on loans so quite halfhassing it and just take it over.
 

darthtang aw

Active Member
OMG!!!! I need to take a break from politics, so this may be my last post regarding politics for a while. I am get so pissed off reading the news lately that I just wish Pelosi would just litterally stab me in the face and tell me it is for my own good. It would be less painful than reading the political double speak I have been reading the past.
Someone punch me in the face please.
1. Let me break it down. For the past month I have heard nothing but we need to pass this bill and the President wants it to be a bi-partisan bill. Translation: to get a couple republican's on board we will add a few thing they want that don't mean crap and we will take out a couple things we don't want right now. The democrats have the house and the senate. THEY DON'T NEED A BI-PARTISAN BILL!! If Obama and the democrats are so sure these ideas and stimulus bill will work and what the country needs, then grow a set pass it with pure partisanship and show the country they are right and the republicans are wrong. Why do you need to convince someone who can't stop you anyway your idea is right. Just pass it and stand by your decision yourself and take all the credit or all the blame on this bill.
Every piece of bi partisan legislation I have ever seen has just screwed things up...case in point, deregulation of banking and finance. Here is how bad this bill is, I called the office of our local representative, and the office would NOT tell me his position on the bill and how he was going to vote. They said they weren't commenting on it......(I knew how he would vote anyway) this tells me this is such a messed up bill my own congressman does even want to own up to giving a yes or no vote to his constituents. How sad is that, afraid to show his position.
2. 4 trillion dollars spent in less than 6 months. 4 TRILLION!!!! To give some of you an idea of what this means, this is the equivalent of a family making 26,000 dollars a year suddennly racking up enough debt that they have to pay out 1.2 million dollars per year. Now, no one in there right mind would loan a person making 26,000 a year that much money and expect them to pay back 1.2 million per year off that salary. Yet we all just stood by and let our representatives do the same stupid thing because they said we need to. Ok Billy bob.."hiccup'.
3. Thios bill spends a ton of money. BUT NOT ONE SINGLE MEMBER OF CONGRESS OR THE PRESIDENT IS ADDRESSING WHAT CAUSED THE PROBLEM FIRST!! Deregulation and finance. Instead they just throw out more money and tell us they will build a website showing us where this money is spent. And this dumb country accepts that.
Some of you may not get the following analogy, but try to follow me. This whole deregulation and then spend money to fix the deregulation problem is similar to this scenario...
You own a car and take it in for an oil change. In the process the company says your car will run better with the lug nuts looser. You get your car back, drive down the road and the tires fall off. So you get towed back, show them the damage from their brilliant idea and ask for it to be fixed. They tell you you need to buy new rims, tires, brake pads, and rotars, because of their

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up. You say ok. Buy it all slap it all back together and drive off.....only problem is, they still never fixed the lug nuts................Now sweriously, would you go along with this? Then why go along with the stimulus bill.
4. The reason banks aren't lending isn't from lack of money, they have the money from the previous bills. It is because the same requirements and regulations for high risk loans are in place still, thus banks do not want to get burned twice.....they learned the first time, so to "not discriminate" they are giving out very little and holding till regulations are corrected.
5. go back to partisan politics, non of this moderate republican or conservative democrat crap. That just messes things up further. Here is why. The republicans have one half azz idea, the democrats have another half azz idea. They get together and in the spirit of bi-partisanship they pass two crappy ideas at the same time instead of one, all because of bi-partisanship. Atleast when the country was polarized or partisan you only got on lame idea/law passed at a time..........
I am done. Oh and I am spending my money still on what I want when I want it, if people would stop watching the news and freaking out and spend money like usual, the economy would be just fine, not great like it was, but not heading to where it is heading because our president is using a Bush tactic of fear in regards to the economy. say it is bad long enough and it will be, keep saying it will get worse and it will.......I swear he is an economic hypocondriac along with everyone else. Do what you always did, and the economy would role along just fine.
7...or is it 6? Doesn't matter, Get ready for inflation now thanks to this ..........................
 

sickboy

Active Member
Originally Posted by Darthtang AW
http:///forum/post/2952205
3. Thios bill spends a ton of money. BUT NOT ONE SINGLE MEMBER OF CONGRESS OR THE PRESIDENT IS ADDRESSING WHAT CAUSED THE PROBLEM FIRST!! Deregulation and finance. Instead they just throw out more money and tell us they will build a website showing us where this money is spent. And this dumb country accepts that.
Some of you may not get the following analogy, but try to follow me. This whole deregulation and then spend money to fix the deregulation problem is similar to this scenario...
You own a car and take it in for an oil change. In the process the company says your car will run better with the lug nuts looser. You get your car back, drive down the road and the tires fall off. So you get towed back, show them the damage from their brilliant idea and ask for it to be fixed. They tell you you need to buy new rims, tires, brake pads, and rotars, because of their

[hr]
up. You say ok. Buy it all slap it all back together and drive off.....only problem is, they still never fixed the lug nuts................Now sweriously, would you go along with this? Then why go along with the stimulus bill.
AMEN!!!!!
 

reefraff

Active Member
Until the banks are fixed nothing else is going to work. When the tax cheat they put in charge of treasury held a press conference to lay out his bank plan and basically sounded like a school student trying to fake his way through a book report it didn't exactly instill a great sense of confidence.
 

bang guy

Moderator
Originally Posted by reefraff
http:///forum/post/2952314
Until the banks are fixed nothing else is going to work. When the tax cheat they put in charge of treasury held a press conference to lay out his bank plan and basically sounded like a school student trying to fake his way through a book report it didn't exactly instill a great sense of confidence.
Ya gotta admit he was thrown into a fire. He'll need some time to plan. The past three stimulus/bailout bills were not well thought out. I would rather have it come late and actually work rather than quick & useless.
 

stdreb27

Active Member
Originally Posted by reefraff
http:///forum/post/2952314
Until the banks are fixed nothing else is going to work. When the tax cheat they put in charge of treasury held a press conference to lay out his bank plan and basically sounded like a school student trying to fake his way through a book report it didn't exactly instill a great sense of confidence.

Originally Posted by Bang Guy

http:///forum/post/2952358
Ya gotta admit he was thrown into a fire. He'll need some time to plan. The past three stimulus/bailout bills were not well thought out. I would rather have it come late and actually work rather than quick & useless.
You're missing the point, Geitner isn't going to

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up because he cheated on his taxes. Him and Obama are going to fail because their plan isn't designed to "stimulate" the economy. Massive government spending from money that does not exist won't help anything. It is like pulling up your boots and expecting it to lift you off the ground. It just do esn't work.
 

bang guy

Moderator
Originally Posted by stdreb27
http:///forum/post/2952387
You're missing the point, Geitner isn't going to

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up because he cheated on his taxes. Him and Obama are going to fail because their plan isn't designed to "stimulate" the economy. Massive government spending from money that does not exist won't help anything. It is like pulling up your boots and expecting it to lift you off the ground. It just do esn't work.
I'll agree with you there. Congress has been spending faster than we can print it for 6 years now. How is two more years of borrow(print) & spend supposed to help?
And who can we borrow from now?
 

stdreb27

Active Member
Originally Posted by Bang Guy
http:///forum/post/2952394
I'll agree with you there. Congress has been spending faster than we can print it for 6 years now. How is two more years of borrow(print) & spend supposed to help?
And who can we borrow from now?
I still don't think our government is at a point where borrowing is going to be a problem. All the "oh no no one is lending us money" crap is because of the interest rates, once they are above inflation rates again, they'll start lending again.
 

1journeyman

Active Member
Originally Posted by sickboy
http:///forum/post/2951618
I don't think they should get bailout money either, but all of our voting is corrupt b/c of Acorn....please...
Hey Journey, do you have an opinion on how we could fix this financial mess?
My solution is to quit deficit spending, quit bailing out failing businesses, and get ready to ride out a bumpy decade.
We're just digging ourselves deeper and deeper. We take a hit now, or we die later.
 

snakeblitz33

Well-Known Member
I agree that we are digging ourselves deper and deeper. IF we didn't bail out the "big 3" car companies what would have been lost? Yes, a few thousand job, but the car companies would have downsized to what the American public could afford.
IF business goes well, then you increase the size of your shops to produce more goods, if business isn't doing well, then cut your losses.
Bailouts just add to the problem.
 

sickboy

Active Member
Originally Posted by SnakeBlitz33
http:///forum/post/2952542
I agree that we are digging ourselves deper and deeper. IF we didn't bail out the "big 3" car companies what would have been lost? Yes, a few thousand job, but the car companies would have downsized to what the American public could afford.
IF business goes well, then you increase the size of your shops to produce more goods, if business isn't doing well, then cut your losses.
Bailouts just add to the problem.
I'm not disagreeing with you, but isn't part of the Big 3 bailout also a national security issue? I mean, building machines that could be converted to war machines is something we need.
 

reefraff

Active Member
Everything still goes back to the banks. Until the credit situation is ironed out businesses are not going to have the capital to invest, people aren't going to buy houses or cars etc.
So why all this BS spending before the banks are figured out? I'f kinda like keep changing the bandage over a wound with a sliced artery. You can keep changing the bandage until the end of time but you don't stop the bleeding until you fix the artery or the patient dies.
This economy still isn't nearly as bad as we had in the 70's. I think once the banking and credit situation is handled everything else will fall in place. Problem is the Democrats are using this as an excuse to create a whole lot of new spending programs we don't need.
 

snakeblitz33

Well-Known Member
Yes, I can see the need for machines that can also make war vehicles, though why do these companies have to be so big, why not adapt?
Boy, if anybody understands the economy, Oprah does! She's been on there for the last two years saying "PAY YOUR CREDIT CARDS OFF AND SAVE YOUR MONEY!!" Which, is actually what I am trying to do right now!
 
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