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I don't think Bush really has a choice. He has already been portrayed as being hand-offs on this situation. I'm not sure what would happen if he didn't make this happen, no matter how often people explain the "socialistic" additions.
Dems = current Democratic party not regular people who call themselves democrats.
So I just heard Pelosi on they radio and it's sounds like the Dems are only going to approve the bailout proposal if they are allowed to attach a bunch of social spending to the package. We are facing a great depression type situation that could occur with days and instead of acting they are going to use it as political leverage. WTF? I mean, the government doesn't actually have the money to pay for the bailout and they want to jack up the price even higher.
http://www.mercurynews.com/breakingnews/ci_10518029
So the question is will Bush go along with it or refuse and let the economy really plunge into the toilet?
I don't think Bush really has a choice. He has already been portrayed as being hand-offs on this situation. I'm not sure what would happen if he didn't make this happen, no matter how often people explain the "socialistic" additions.
You pretty much have to assume the dems will use this opportunity to further move government into the private sector.
Meanwhile the republicans play 3 stooges.
"So the question is will Bush go along with it"
He's been saying it's a necessity. Where's the question?
"You pretty much have to assume the dems will use this opportunity to further move government into the private sector."
Please list the registered party affiliations the the Old Boy Wall St Gang currently running Treasury and Federal Reserve. They are ones who re-nationalized F&F, and who plan to buy all the 100s of $Bs of ty paper off the banks' books.
They put this together, not the Dems, like Gramm-R wrote the financial industry deregulating bills, including secretly inserting unregulating swaps, not the Dems.
This current mess, which may weaken and "drown the federal govt in a bathtub", is a result of conservative/Repug philosophy going back 30+ years. Sort of a revenge on America for destroying their asshole Nixon.
....if the government doesn't have the money to pay for the bailout portion then why are they doing it in the first place? Let these companies fail.....there has to be a cost associated with bad decision making or nobody learns a lesson....
Yeah! That's ing repug Carter! Him!
Reagan was the first President to start us down this trail of national indebtedness...he was also the first to borrow against Social Security..
the fault of this crisis has three parts nemweeds in private investment banking sector, failed federal government oversight to watch market,failure of all political parties to protect to american people. now we face a crisis thats has a lot of uncertainly
I hate two-party suckers.
Most of what Pelosi wants is pie in the sky. However, I think reducing foreclosures has to be part of the solution.
Well I disagree to an extent. I think they have to put a bandage on the bleeding right now, fast. Then they can get together and work on those things, seperately.
I still think it will all just be putting off the inevitable unless they seriously control government spending after this. Right now I don't see either party willing to do that. Americans don't seem to really want what that requires either but eventually basic economic principles will make it happen, one way or another.
Pelosi wants to write a blank check for anyone who they could buy the vote of this fall. It's pretty sickening, but what do you expect from a like her?
Bush better not allow this to go through, but he's too much of a clown to stand up to them. So we all get ed over even a little harder than just the financial ins ution bailout.
the Dems.
Provocative thread le. That should help solve some problems.
IIRC, LBJ was the one who moved Social Security funds into the general fund
"the dems will use this opportunity to further move government into the private sector."
the Dems?
is Paulson (his plan) a Dem?
Is Paulson working for a Dem president?
It's the REPUGs who are socializing risk and debt away from private capitalists.
Dems? GMAFB
I'd be interested to hear about people feel about 1.) further help for homeowners and their mortgages and 2.) compensation guidelines for limiting execs' lucrative packages under the deal. Might some compromise there help with consumer confidence?
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