Comments on: Bunning: Free Market Dead

By: JOYCE

JOYCE — Wed, 24 Sep 2008 21:09:51 +0000

MY HUSBAND AND I HAVE WORKED HARD FOR OUR MONEY AND HAD TO MANAGE OUR MONEY FOR RETIREMENT, RAISING OUR CHILDREN, & COLLEGE. WASHINGTON AND WALL STREET ARE POACHERS.
WE ARE CURRENTLY BEING CHARGED AN INTEREST RATE OF 25.99% ON A CREDIT CARD. IF WE HAVE TO BAIL OUT POACHERS – THEY SHOULD BE CHARGED 25.99% INTEREST ON THEIR BAILOUT LOAN.

WASHINGTON HAS NOT BEEN UP FRONT WITH US FOR EIGHT YEARS. I SAY TO WASHINGTON AND WALL STREET COME ON OVER ON THE OTHER SIDE OF THE FENCE WHERE WE LIVE AND HAVE SQUEEZED THE NICKLE UNTIL THE BUFFALO SHITS. YOU ARE DISGUSTING GREEDY PEOPLE. MAY GOD FOR GIVE YOU.
JOYCE

By: JPF

JPF — Tue, 23 Sep 2008 17:18:56 +0000

HOW MANY HERE VOTED FOR BUSH? AND NOW YOU COMPLAIN OF “SOCIALISM”? IT HAS BEEN AND ALWAYS WILL BE “CORPORATISM.” WE SHOULD HAVE BEEN SO LUCKY TO HAVE HAD SOCIALISM, WE WOULDN’T HAVE HAD THIS PROBLEM.

BETTER VOTE FOR LIBERTARIAN BECAUSE ALL OF YOUR GOP HEROES ARE NOW POLITICALLY DEAD MEAT. McCAIN INCLUDED. ONLY LIBERTARIAN’s BELIEVE IN THE BELLICOSE IM HEARING INT THESE COMMENTS. BETTER THINK WITH YOUR BRAIN THAN WITH YOUR HEART. WE COULDA SAVED THE LAST 8 YEARS FROM THE HELL WE ARE GONNA GET.

NICE GOING. THANKS FOR VOTING FOR THE COMMANDER IN CHIMP.

By: DanW

DanW — Mon, 22 Sep 2008 15:11:02 +0000

Elizabeth,

I just heard an interview from a retired banker that opened up another thread in this debacle. He brought up a possible root cause for how we got here and I am not hearing anything in this bailout addressing why we got here.

The premise is made that under the CRA (Community Reinvestment Act) financial institutions were forced as a part of doing business to make bad loans in the sub prime market. The banker mentioned ACORN (Association of Community Organizations for Reform Now) and other such groups, for forcing these institutions under the CRA to make these loans.

In 1995 Clinton relaxed the regulation to enable these groups and in 2003 Bush tried to stabilize the situation. If permitted, to pass in 2003, the CRA changes may have prevented the current meltdown.

So I am asking you to raise the question, what is included in this package to address the root cause so that any fix we put into place doesn’t just patch the past, but fixes it going forward.

Regards,

Dan W.

By: Ap

Ap — Mon, 22 Sep 2008 13:14:07 +0000

Bunning (and/or his PR people) are remarkably ignorant of the meaning and significance of Bastille Day. Which is of course not a surprise – he is, after all, a Republican.

Neither is it a surprise that he (as well as the reactionary loonies posting on this board) are totally ignorant of the meaning and significance of socialism.

By: Brutus

Brutus — Mon, 22 Sep 2008 11:58:59 +0000

Fraud by CEO’s is not capitalism, it’s a character deficiency. Capitalism since the “mixed economy” was instituted has been on the road to here.”Deregulation” per se was a joke,a “strawman”, try to start a bank or an airline.As with taxes the real desired result is power whatever the “problem/solution”.”New Deal”,”Great Society”, now the “Big Bailout”, welcome to “the mask is off”.Since the Constitution became a “living document” and anything could be justified the spiral down to socialism, a political system, brought us to today. Who to blame? Choices are ignorance or corruption.

By: Gordon D

Gordon D — Mon, 22 Sep 2008 01:48:42 +0000

George Bush said 6 years ago he was going to create 5 million new homeowners. So convinced was he that he was right that he continues to believe that anything that could walk in through the door of FNMA is the definition of a good risk. It has always been his problem that he cannot ever concieve that he is wrong. Characteristically, he sees only that this whole bailout plan is his way of preserving the mortgages for the deadbeats. He is blind to what it is going to do to the constitution, our free way of life, the capitalist system, or the morale of every honest taxpayer.

By: mark smith

mark smith — Mon, 22 Sep 2008 00:02:18 +0000

Published: January 18, 2008
Bush also said that economic volatility was to be expected. “In a vibrant economy, markets rise and decline,” he said. “We cannot change that fundamental dynamic. As a matter of fact, eliminating risk altogether would also eliminate the innovation and productivity that drive the creation of jobs and wealth in America.”

I understand its only 25 million to get a 3.2 mile gravel road built in alaska, lets put them in charge next.

By: geo

geo — Sun, 21 Sep 2008 18:55:42 +0000

Party on America! but dump your dollars before Sept. 26….the day our debt blasts off!

By: Dana Swan

Dana Swan — Sun, 21 Sep 2008 16:08:18 +0000

Yes, this bailout is tragic, but without it the USA collapses.

The Government weopon of last resort is the dollar printing press. The Gov will use FIAT dollars and the result will probably be HIGH inflation.

The Government’s debts will shrink in high inflation, however it will cripple the economy and they know this.

Considering the overall damage that this bailout will cause, It make one wonder how bad the Gov thinks the alternative was……

By: jeff saturday

jeff saturday — Sun, 21 Sep 2008 13:06:08 +0000

Sorry comrad Bernanke it1s only three-thousand per person , go ahead.