Comments on: Don't Think This is a Done Deal http://briansullivan.blogs.foxbusiness.com/2008/10/02/dont-think-this-is-a-done-deal/ FOXBusiness Fri, 20 Nov 2009 18:24:21 -0500 http://wordpress.org/?v=2.8.5.2 hourly 1 By: j t (r-co) http://briansullivan.blogs.foxbusiness.com/2008/10/02/dont-think-this-is-a-done-deal/comment-page-1/#comment-1389 j t (r-co) Fri, 03 Oct 2008 15:57:56 +0000 http://briansullivan.blogs.foxbusiness.com/?p=171#comment-1389 brian, you are the only one that seems to get it. we as americans are ticked off and our congress reps just seem to be doing whatever they want. here's an idea america. not only should we fire our congress members that vote yes, but lets take a stand. if they do pass this bill, i say we take all of our money out of whatever banks they are bailing out and put our money in the other banks and credit unions. these banks deserve to go out of business for their poor decisions and greediness. if the government wont do it, i say we as americans take a stand and stop these banks from ruining more lives and costing us more money. brian, you are the only one that seems to get it. we as americans are ticked off and our congress reps just seem to be doing whatever they want.

here’s an idea america. not only should we fire our congress members that vote yes, but lets take a stand.

if they do pass this bill, i say we take all of our money out of whatever banks they are bailing out and put our money in the other banks and credit unions. these banks deserve to go out of business for their poor decisions and greediness. if the government wont do it, i say we as americans take a stand and stop these banks from ruining more lives and costing us more money.

]]> By: Robert in NJ http://briansullivan.blogs.foxbusiness.com/2008/10/02/dont-think-this-is-a-done-deal/comment-page-1/#comment-1381 Robert in NJ Fri, 03 Oct 2008 05:40:28 +0000 http://briansullivan.blogs.foxbusiness.com/?p=171#comment-1381 This will not work and is a total deception of the American taxpayers. Regardless of what happens the market is going to loose money and self correct itself. A yes vote for this is political suicide...Guaranteed! Listen to your constitutes; banks in Philadelphia and South Jersey are aggressively advertising they are solid and have plenty of money to lend...if you're qualified. Seems to me, they have it right and you don't. This will not work and is a total deception of the American taxpayers. Regardless of what happens the market is going to loose money and self correct itself.

A yes vote for this is political suicide…Guaranteed! Listen to your constitutes; banks in Philadelphia and South Jersey are aggressively advertising they are solid and have plenty of money to lend…if you’re qualified. Seems to me, they have it right and you don’t.

]]> By: Sam White http://briansullivan.blogs.foxbusiness.com/2008/10/02/dont-think-this-is-a-done-deal/comment-page-1/#comment-1379 Sam White Fri, 03 Oct 2008 02:04:48 +0000 http://briansullivan.blogs.foxbusiness.com/?p=171#comment-1379 Stop the BS and let the chips fall where they may. If the financial institutions of America are unwilling to help themselves, then why should the taxpayers be expected to bail them out. This is not a "RESCUE". There is water in the canoe because of poor maintenance and even poorer oversight and the taxpayers are being forced to man the pails with their hard earned dollars. The executives and politicians brought this crisis into fruition, let them bail/pay their own way out. The solution is simple, force all the industry to pay a mere three percent of their worth into a fund. Use that fund to purchase the bad paper so that the books are clear. and credit can flow. If these people haven't got faith in themselves, why in the world do they think that the average citizen does? All the citizen sees is cronyism at it's worst. We have politicians and executives scratching each others back. Business got the politicians elected, now they expect the politicians to save their butts from their own mismanagement. The press only adds to the fiasco. Not one report that I have listened too, whether it be FOX, CNN, ABC, CBS, or NBC is offering unbiased reporting. We Americans are not as ignoraant as the press and politicians believe us to be. I have not seen one bit of objective reporting during this entire ordeal. We the people deserve much better than what they are getting and give the press credit for one thing, it does one fantastic job of obscuring issues. We all know that a poll can be worded in such a manner that the result is what you want it to be. Numbers are, have been, will continue to be manipulated to suit the bias of the broadcast moguols which control the press. Just look at the statistics presented to the public over the last two years. Now all of a sudden the Armageddon of worldwide financial disaster is at the door. Simply put, there is no believable truth in this great nation. A bailout is a bailout, there is nothing heroic in this so callled "RESCUE". The financial institutions, the politicians and the press have done eveything possible to convince the public that the wolf is at the door. If we are living in a straw hut, it is because these very people have forced us to accept this as a way of life because of their own greed. We apparently are going to let these overcompensated incompetent executives waltz off into the sunset under their golden umbrellas. No accountability for their actions at all. The finacnial world can save themselves and the politicians can force it to happen if they have the integrity to do so. Let the politicians demand that Wall Street contribute sufficient funds to bail themselves out and for once listien to the voice of the nation, We taxpayers do not want to shoulder the burden to save the wealthy. Based on the current figures, a mere three percent contribution into a fund could alleviate the entire mess. Let these institutions form their own "Bad investement Insurance Fund." Taxpayers should not be called upon to provide the funds to rectify this fiasco and any politician that wants to be re-elected, needs to heed the warning. What is the cost of this "bailout" now that evey Tom, Dick, Harry. Jane, Betty, and Sue have demanded to be appeased in order to get this passed, who knows? Instead of 700 billion, it is probably more like seven trillion over the long haul. Every item that could possibly be of benefit to citizens has been tacked onto this legislation, except for legislation dealing with veterans benefits. Now instead of working simply on the economic crisis we are voting for the taste of bacon. What a way to run a government and gain favor of your constituents. We tax payers are bearing the brunt again. We can't win, We won't win. Politics, press, and business won't let us win. There are no sacrifices being made by Wall Street. The cronies are working diligently, to convince the average taxpayer it is their "patriotic duty" to save the economy. It is not our duty, it is the duty of the people which casused the mess to begin with. If my canoe is sinking, I have to bail the water and repair the hole, let Wall Street do the same. Wall Street is playing games with our mind in an effort to convince us that a bailout using taxpayers money is the only solution. Let the principles of this fiasco be the patriot. Let them fail and clean some of the chaff from the horizon. Our nation was built on the premise that the strong survive, why are we being asked to change the rules at this late date.? I was always told " poor planning leads to poor performance. " It is not my emergency, it is Wall Street"s, in this case though, I am not 9-1-1. Stop your bleeding before you call on me to patch you up. Taxpayers deserve truth and respect. Maybe if we vote everyone out it would prove a point. We have no voice in government because we can't "buy your vote" as the sepcial interest groups can. It is a shame that the government of our entire nation, from local to federal, is at the mercy of the largest contributors. We now have government of the people, by special interests, for big business. What a shame that this great nation can no longer claim being democratic in principle. Stop the BS and let the chips fall where they may. If the financial institutions of America are unwilling to help themselves, then why should the taxpayers be expected to bail them out. This is not a “RESCUE”. There is water in the canoe because of poor maintenance and even poorer oversight and the taxpayers are being forced to man the pails with their hard earned dollars. The executives and politicians brought this crisis into fruition, let them bail/pay their own way out.
The solution is simple, force all the industry to pay a mere three percent of their worth into a fund. Use that fund to purchase the bad paper so that the books are clear. and credit can flow. If these people haven’t got faith in themselves, why in the world do they think that the average citizen does? All the citizen sees is cronyism at it’s worst. We have politicians and executives scratching each others back. Business got the politicians elected, now they expect the politicians to save their butts from their own mismanagement.
The press only adds to the fiasco. Not one report that I have listened too, whether it be FOX, CNN, ABC, CBS, or NBC is offering unbiased reporting. We Americans are not as ignoraant as the press and politicians believe us to be. I have not seen one bit of objective reporting during this entire ordeal. We the people deserve much better than what they are getting and give the press credit for one thing, it does one fantastic job of obscuring issues.
We all know that a poll can be worded in such a manner that the result is what you want it to be. Numbers are, have been, will continue to be manipulated to suit the bias of the broadcast moguols which control the press. Just look at the statistics presented to the public over the last two years. Now all of a sudden the Armageddon of worldwide financial disaster is at the door. Simply put, there is no believable truth in this great nation.
A bailout is a bailout, there is nothing heroic in this so callled “RESCUE”. The financial institutions, the politicians and the press have done eveything possible to convince the public that the wolf is at the door. If we are living in a straw hut, it is because these very people have forced us to accept this as a way of life because of their own greed. We apparently are going to let these overcompensated incompetent executives waltz off into the sunset under their golden umbrellas. No accountability for their actions at all. The finacnial world can save themselves and the politicians can force it to happen if they have the integrity to do so. Let the politicians demand that Wall Street contribute sufficient funds to bail themselves out and for once listien to the voice of the nation, We taxpayers do not want to shoulder the burden to save the wealthy. Based on the current figures, a mere three percent contribution into a fund could alleviate the entire mess. Let these institutions form their own “Bad investement Insurance Fund.” Taxpayers should not be called upon to provide the funds to rectify this fiasco and any politician that wants to be re-elected, needs to heed the warning.
What is the cost of this “bailout” now that evey Tom, Dick, Harry. Jane, Betty, and Sue have demanded to be appeased in order to get this passed, who knows? Instead of 700 billion, it is probably more like seven trillion over the long haul. Every item that could possibly be of benefit to citizens has been tacked onto this legislation, except for legislation dealing with veterans benefits. Now instead of working simply on the economic crisis we are voting for the taste of bacon. What a way to run a government and gain favor of your constituents. We tax payers are bearing the brunt again. We can’t win, We won’t win. Politics, press, and business won’t let us win. There are no sacrifices being made by Wall Street. The cronies are working diligently, to convince the average taxpayer it is their “patriotic duty” to save the economy. It is not our duty, it is the duty of the people which casused the mess to begin with. If my canoe is sinking, I have to bail the water and repair the hole, let Wall Street do the same.
Wall Street is playing games with our mind in an effort to convince us that a bailout using taxpayers money is the only solution. Let the principles of this fiasco be the patriot. Let them fail and clean some of the chaff from the horizon. Our nation was built on the premise that the strong survive, why are we being asked to change the rules at this late date.? I was always told ” poor planning leads to poor performance. ” It is not my emergency, it is Wall Street”s, in this case though, I am not 9-1-1. Stop your bleeding before you call on me to patch you up.
Taxpayers deserve truth and respect. Maybe if we vote everyone out it would prove a point. We have no voice in government because we can’t “buy your vote” as the sepcial interest groups can. It is a shame that the government of our entire nation, from local to federal, is at the mercy of the largest contributors. We now have government of the people, by special interests, for big business. What a shame that this great nation can no longer claim being democratic in principle.

]]> By: John http://briansullivan.blogs.foxbusiness.com/2008/10/02/dont-think-this-is-a-done-deal/comment-page-1/#comment-1377 John Thu, 02 Oct 2008 23:38:46 +0000 http://briansullivan.blogs.foxbusiness.com/?p=171#comment-1377 Continue to email/call your congressmen!! If they vote for the bill - email/call them stating that they will be fired! And follow through, communicate with all your friends and family to vote these people out of office! Instead of a bailout of poor business practice, they should be cutting taxes - fuel, sales, capital gains, estate and personal property.. That would put money in people's pockets and spending would start again! Continue to email/call your congressmen!! If they vote for the bill – email/call them stating that they will be fired! And follow through, communicate with all your friends and family to vote these people out of office! Instead of a bailout of poor business practice, they should be cutting taxes – fuel, sales, capital gains, estate and personal property.. That would put money in people’s pockets and spending would start again!

]]> By: Monte J Forney USAF(Ret) http://briansullivan.blogs.foxbusiness.com/2008/10/02/dont-think-this-is-a-done-deal/comment-page-1/#comment-1376 Monte J Forney USAF(Ret) Thu, 02 Oct 2008 22:55:16 +0000 http://briansullivan.blogs.foxbusiness.com/?p=171#comment-1376 GEORGE SHOUD BE ASHAMED FOR TRYING TO PULL OFF THIS CHARADE. ALL I CAN THINK IS THAT HE MUST BE GETTING TERRIBLE ADVICE FROM THE "ECONOMIC EXPERTS". EVEN WITHOUT ALL THE LARD THE SENATE HAS LAVISHED ON THIS SKUNK TO BUY VOTES IT STILL STINKS TO HIGH HEAVEN. THE SENATE KNOWS NOTHING ABOUT ECONOMICS, THEY HAVE BEEN TOO BUSY FEATHERING THEIR OWN NESTS TO REALLY UNDERSTAND THIS CRISIS. SO THEY ARE SCARED THEIR HOUSE OF CARDS WILL COLLAPSE BEFORE THEY GET THEIR JUST DUE: (RETIREMENT, SEVERAL MILLION DOLLARS, AND FREE MEDICAL CARE FOR LIFE, ALL OF WHICH THEY VOTED FOR THEMSELVES). I HAVE SERVICE CONNECTED DISABILITY TO THE POINT WHERE I CAN HARDLY WALK BUT I STILL PUT MY 24 YEARS IN PROUDLY SERVING MY COUNTRY BECAUSE I THOUGHT IT WAS THE RIGHT THING TO DO. THERE IS A GROWING NUMBER OF FOLKS IN THE USA THAT FEEL SHAT UPON BY THEIR GOVERNMENT AND SOON THERE MAY BE ENOUGH TO TAKE ACTION. I HOPE THAT DAY NEVER HAPPENS BUT I WILL BE PREPARED. GEORGE SHOUD BE ASHAMED FOR TRYING TO PULL OFF THIS CHARADE. ALL I CAN THINK IS THAT HE MUST BE GETTING TERRIBLE ADVICE FROM THE “ECONOMIC EXPERTS”. EVEN WITHOUT ALL THE LARD THE SENATE HAS LAVISHED ON THIS SKUNK TO BUY VOTES IT STILL STINKS TO HIGH HEAVEN. THE SENATE KNOWS NOTHING ABOUT ECONOMICS, THEY HAVE BEEN TOO BUSY FEATHERING THEIR OWN NESTS TO REALLY UNDERSTAND THIS CRISIS. SO THEY ARE SCARED THEIR HOUSE OF CARDS WILL COLLAPSE BEFORE THEY GET THEIR JUST DUE: (RETIREMENT, SEVERAL MILLION DOLLARS, AND FREE MEDICAL CARE FOR LIFE, ALL OF WHICH THEY VOTED FOR THEMSELVES). I HAVE SERVICE CONNECTED DISABILITY TO THE POINT WHERE I CAN HARDLY WALK BUT I STILL PUT MY 24 YEARS IN PROUDLY SERVING MY COUNTRY BECAUSE I THOUGHT IT WAS THE RIGHT THING TO DO. THERE IS A GROWING NUMBER OF FOLKS IN THE USA THAT FEEL SHAT UPON BY THEIR GOVERNMENT AND SOON THERE MAY BE ENOUGH TO TAKE ACTION. I HOPE THAT DAY NEVER HAPPENS BUT I WILL BE PREPARED.

]]> By: Hal http://briansullivan.blogs.foxbusiness.com/2008/10/02/dont-think-this-is-a-done-deal/comment-page-1/#comment-1372 Hal Thu, 02 Oct 2008 21:41:06 +0000 http://briansullivan.blogs.foxbusiness.com/?p=171#comment-1372 I was aghast at the vote last by our Senators (with VERY few exceptions). as others have stated earlier, there have been other alternatives that have been brought forth and not even looked considered. Henry Paulson wanted to scare the American Public (which obviously DIDN'T work) but evidently did get to scare our "elected" officials, into this debacle. It is amazing that our officials think that we are chattel who will follow the herd into this blindly... but then, the way things stand, we are going to be brought into this by the $700 billion (no wait, the last figure I heard it was now $850 billion) nose ring. This President (who I am ashamed to admit I voted for in 2000) has stabbed the American People in the back with his economic policies and GIVING away our jobs for the sake of GREED. I'm sure many of us have heard at one time or another... "We are moving your job to China, India... someother place, to increase shareholder value!" I was one of the shareholders, and I wasn't happy. The Congressional Leadership thinks that we need to be cajoled into this pathetic economic package because of their elitist attitudes (when did we stop being a Democracy and start being an Oligrachy?), and it's being touted by China and India... heck we basically gave those governments the money (through Corporate Greed and on the backs of the American People) to take control of our economy and pressure us to make this idiotic bailout... basically weakening us even more. Right after 9/11, I started telling anyone who would listen that if you want to hurt the United States in a way that won't cause the ire of the American will to stand up, be counted and take appropriate action, just try economic terrorism... which we have been doing for at least 8 years. And of course, our wonderful President (again, I apologize America) who has acted as a Neville Chamberlain when it comes to our Economy... appeasing the Multi-Nationals by giving away our economy. Okay, sorry, didn't mean to rant, but as all of us on this blog, I am ANGRY! Thanks everyone for your time and patience. I was aghast at the vote last by our Senators (with VERY few exceptions). as others have stated earlier, there have been other alternatives that have been brought forth and not even looked considered. Henry Paulson wanted to scare the American Public (which obviously DIDN’T work) but evidently did get to scare our “elected” officials, into this debacle.

It is amazing that our officials think that we are chattel who will follow the herd into this blindly… but then, the way things stand, we are going to be brought into this by the $700 billion (no wait, the last figure I heard it was now $850 billion) nose ring.

This President (who I am ashamed to admit I voted for in 2000) has stabbed the American People in the back with his economic policies and GIVING away our jobs for the sake of GREED. I’m sure many of us have heard at one time or another… “We are moving your job to China, India… someother place, to increase shareholder value!” I was one of the shareholders, and I wasn’t happy.

The Congressional Leadership thinks that we need to be cajoled into this pathetic economic package because of their elitist attitudes (when did we stop being a Democracy and start being an Oligrachy?), and it’s being touted by China and India… heck we basically gave those governments the money (through Corporate Greed and on the backs of the American People) to take control of our economy and pressure us to make this idiotic bailout… basically weakening us even more.

Right after 9/11, I started telling anyone who would listen that if you want to hurt the United States in a way that won’t cause the ire of the American will to stand up, be counted and take appropriate action, just try economic terrorism… which we have been doing for at least 8 years. And of course, our wonderful President (again, I apologize America) who has acted as a Neville Chamberlain when it comes to our Economy… appeasing the Multi-Nationals by giving away our economy.

Okay, sorry, didn’t mean to rant, but as all of us on this blog, I am ANGRY!

Thanks everyone for your time and patience.

]]> By: Rich Miller http://briansullivan.blogs.foxbusiness.com/2008/10/02/dont-think-this-is-a-done-deal/comment-page-1/#comment-1370 Rich Miller Thu, 02 Oct 2008 21:17:32 +0000 http://briansullivan.blogs.foxbusiness.com/?p=171#comment-1370 Instead of pork perhaps Congress should include the solution to the problem, i.e. retracting mandates to banks to initiate insecure loans, with the purposed solution ($700 Bil)in the "Bail-out" bill. Unfortunately our govt.runs on lard instead of logic. Instead of pork perhaps Congress should include the solution to the problem, i.e. retracting mandates to banks to initiate insecure loans, with the purposed solution ($700 Bil)in the “Bail-out” bill. Unfortunately our govt.runs on lard instead of logic.

]]> By: Paul Quillen http://briansullivan.blogs.foxbusiness.com/2008/10/02/dont-think-this-is-a-done-deal/comment-page-1/#comment-1369 Paul Quillen Thu, 02 Oct 2008 20:57:56 +0000 http://briansullivan.blogs.foxbusiness.com/?p=171#comment-1369 If there is a liquidity problem with banks help them with an infusion of cash and leave the housing debacle for later. If there is a liquidity problem with banks help them with an infusion of cash and leave the housing debacle for later.

]]> By: Debby http://briansullivan.blogs.foxbusiness.com/2008/10/02/dont-think-this-is-a-done-deal/comment-page-1/#comment-1368 Debby Thu, 02 Oct 2008 20:49:56 +0000 http://briansullivan.blogs.foxbusiness.com/?p=171#comment-1368 Why is it the media is now toting this "bailout" as a "rescue." I hope our house of representatives still has some backbone and knocks this down! Why is it the media is now toting this “bailout” as a “rescue.” I hope our house of representatives still has some backbone and knocks this down!

]]> By: Dennis http://briansullivan.blogs.foxbusiness.com/2008/10/02/dont-think-this-is-a-done-deal/comment-page-1/#comment-1365 Dennis Thu, 02 Oct 2008 19:49:17 +0000 http://briansullivan.blogs.foxbusiness.com/?p=171#comment-1365 Comment for Walter Rudy who asked " How can the government pick and choose which companies they’re willing to protect (AIG) and who they’re willing to let fail (Lehman Bro)? Goldman Sachs has a 20 billion dollar investment in AIG.. Paulson is the ex-CEO of Goldman... He invited the current CEO of Goldman to the meeting on how to handle the AIG situation... INSIDER TRADING... Martha Stewart did jail time for this!!! NO BAIL OUT Comment for Walter Rudy who asked ” How can the government pick and choose which companies they’re willing to protect (AIG) and who they’re willing to let fail (Lehman Bro)? Goldman Sachs has a 20 billion dollar investment in AIG.. Paulson is the ex-CEO of Goldman… He invited the current CEO of Goldman to the meeting on how to handle the AIG situation… INSIDER TRADING… Martha Stewart did jail time for this!!!

NO BAIL OUT

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