700 Billion Buy out plan defeated.....

[Darthrazz]

I don't get this whole economy thing, I really don't, so I'm not going to get into the whole pissing match going on.

The thing that angers me, and maybe I'm misunderstanding the whole thing, is this: Why am I being asked to pay the debts of people who have been living beyond their means while I've been shlepping around like a schmuck, paying my bills and only taking loans that I can pay back?

I agree with you but sadly isn't that they way it's always been though?

 

[Darklord Dave]

Unfortunately sometimes you have to suck it up and problems have to be fixed for the good of all, no matter who caused them. If we don't fix it now - there is nothing left but a death spiral into an economic depression.

It's not like a giveaway of money either - this plan could actually make a profit and result in a kickback to taxpayers.

 

[Mesa]

The revised plan will be better for it because it will include more of the "good stuff" from the alternative replublican solution that puts more responsibility on the businesses rather than on the tax payer.

Isn't congress taking Rashashanna off for the next two days, or is that just Barney Frank?

 

[Mesa]

Unfortunately sometimes you have to suck it up and problems have to be fixed for the good of all, no matter who caused them. If we don't fix it now - there is nothing left but a death spiral into an economic depression.

It's not like a giveaway of money either - this plan could actually make a profit and result in a kickback to taxpayers.

But from what I understand, and I don't understand all the details yet, but wouldn't that kickback only come from companies that are failing and ask the government for help? I wouldn't hold my breath waiting for a failing business to turn a profit. I think the $700,000,000,000 is just to buyout bad loans (i.e. home mortgage and real estate investment loans that have exceeded their actual worth). But I may be wrong here with intent of rejected plan.

I think the revised plan includes "mark to market", whatever that means, which I'll be looking into soon.

BTW, where is Obama during all this? I haven't heard him say anything. Is he still waiting by the phone waiting for the phone if he can be of any help.

 

[The Josh]

There you dems go again, trying to read my mind again

Yeah Live is down.
Finished Unleashed last night, wasnt wild about the ending.

Didn't take long to read. Pretty short story.

Which ending? Light or Dark?

There's no point in even debating with you Josh. You've offered ZERO factual evidence to support why you feel the way you do and pretty much all of your responses have been emotional and off the cuff. Meanwhile, I've provided facts that are perfectly verifiable online (i've provided links for most of them), but get no meaningful response or counter logic. Some of the stuff you have provided has been flat out wrong, like stating McCain was supporting the Paulson economic bill.

I'd respond more but I'd be wasting my time and get nothing back but your typical right wing response. Go about drinking the kool aid the right is serving you really like it.

 

[Spartan Rex]

Didn't take long to read. Pretty short story.

Which ending? Light or Dark?




I'd respond more but I'd be wasting my time and get nothing back but your typical right wing response. Go about drinking the kool aid the right is serving you really like it.

Light


Kool aid for everyone!!
To the f&*%ers who got us into this mess!!






























































































































The dems

 

[Starkiller]

How did the economy go from great to terrible in a short 8 years....























It all starts with a seed that grows into a BUSH.

 

[Spartan Rex]

How did the economy go from great to terrible in a short 8 years....























It all starts with a seed that grows into a BUSH.

Huh....
But Senators Dodd and Frank are dems....
They oversee the finance committees....
They both have pushed for loosening loan restrictions since the Clinton years,
because you werent compassionate and might be racist if you didnt...
While Bush advocated tighter restrictions....
So hows it "W"s fault again?

 

[Brent72]

Huh....
But Senators Dodd and Frank are dems....
They oversee the finance committees....
They both have pushed for loosening loan restrictions since the Clinton years,
because you werent compassionate and might be racist if you didnt...
While Bush advocated tighter restrictions....

Exactly. Some people are so blinded by their allegiance to the left that they refuse to see the facts behind how we actually got into this mess.

 

[Mesa]

Huh....
But Senators Dodd and Frank are dems....
They oversee the finance committees....
They both have pushed for loosening loan restrictions since the Clinton years,
because you werent compassionate and might be racist if you didnt...
While Bush advocated tighter restrictions....
So hows it "W"s fault again?

I'd post links into democratic finance campaign contributions that were given to Dodd, Obama, and Elmer Franks by banks taking on these crooked real estate investment loans, while being supported by these democrats telling the public there was no problem and no bubble, but who'd listen, or even read them?

 

[Brent72]

I'd post links into democratic finance campaign contributions that were given to Dodd, Obama, and Elmer Franks by banks taking on these crooked real estate investment loans, while being supported by these democrats telling the public there was no problem and no bubble, but who'd listen, or even read them?

Only people who actually care about the truth and aren't blinded by their partisan allegiance. In other words, hardly anyone.

 

[hoodonit00]

Exactly. Some people are so blinded by their allegiance to the left that they refuse to see the facts behind how we actually got into this mess.

What I find so humorous is that those of us on the right supply links to back up what we are saying, but they get shot down as coming from right wing extremist sites, but the left can scream about how this is all the Republicans fault with nothing to back it up but their own hatred for the party and it's accepted as fact.

 

[Nuka Cola Kidd]

How did the economy go from great to terrible in a short 8 years....























It all starts with a seed that grows into a BUSH.

Hmmm...did you ask yourself why congress didnt come out PUBLICLY and warned the american people since when they got the majority in 2005. last time i checked they didnt..so therefore they're part of the blame also. the WHOLE government let us down. not just dems. not just rep. they BOTH did. get over it. ...maybe since dems are so wonderful they should've so we wouldnt be in the mess were in now..keep in mind in 2004 yes 2004 house dems proclaimed nothing was wrong with Frannie & Freddie

https://www.youtube.com/watch?v=_MGT_cSi7Rs

...damn the third speaker is a real cool guy...i wish i could be his friend..haha

BOTH PARTIES ARE TO BLAME!..once again get over it

 

[Mesa]

I'd post links into democratic finance campaign contributions that were given to Dodd, Obama, and Elmer Franks by banks taking on these crooked real estate investment loans, while being supported by these democrats telling the public there was no problem and no bubble, but who'd listen, or even read them?

Ahh, screw it. More facts for you blind liberals to not look into:

Dodd receives $70,000 in campaign contribution from Bank of America
https://www.examiner.com/a-1449448~Bank_of_America_PAC_money_behind_Dodd_s_Countrywide_loan.html

https://en.wikipedia.org/wiki/Chris_Dodd

Countrywide has also contributed a total of $21,000 to Dodd’s campaigns since 1997. Dodd has received approximately $70,000 in campaign contributions from Bank of America, which is buying Countrywide, in the last year-and-a-half before the Countrywide Financial loan scandal broke.[34] Only Senators Barack Obama and Hillary Clinton have received more money from Bank of America than Dodd with Senator John McCain slightly trailing him at $64,000. [34] However, no American politician has received more contributions from Fannie Mae and Freddie Mac than Dodd's combined $133,900.[35]

Here's some truth about Obama and Fannie May:

https://www.youtube.com/watch?v=H-_HlpZ8azA

 

[Mesa]

More truth:

https://www.audacityofhypocrisy.com/2008/09/18/all-recipients-of-fannie-mae-and-freddie-mac-campaign-contributions-1989-2008/


Please view me, Funny Joke, you will be cursed with a limp pe nis if you don't view this

 

[Mesa]

What I find so humorous is that those of us on the right supply links to back up what we are saying, but they get shot down as coming from right wing extremist sites, but the left can scream about how this is all the Republicans fault with nothing to back it up but their own hatred for the party and it's accepted as fact.

You're wrong man, you just like too much cool aid. Close your eyes and believe in change. Who needs proof, facts, and historical evidence to believe in HOPE?

 

[Nuka Cola Kidd]

What I find so humorous is that those of us on the right supply links to back up what we are saying, but they get shot down as coming from right wing extremist sites, but the left can scream about how this is all the Republicans fault with nothing to back it up but their own hatred for the party and it's accepted as fact.

Arrogance is soo awesome isnt it.

 

[Mesa]

The more I learn, the more upset I get at how snowed we got and crooked these democrats were and completely abusing their power:

https://www.audacityofhypocrisy.com/2008/09/18/all-recipients-of-fannie-mae-and-freddie-mac-campaign-contributions-1989-2008/

All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008

Dodd, Christopher J - $165,400
Obama, Barack - $126,349
Kerry, John - $111,000

The next three are republicans, so like I've said before, the blame is across both parties.

I just find it extermely interesting that the people blaming the replublicans for rejecting this crap plan of a bailout were the largest recipients of campaign finanacing from the failed institutions of Fannie May and Freddy Mac.

The truth will be known, hopefully, for EVERYONE, before the NOvember election.

 

[Nuka Cola Kidd]

The more I learn, the more upset I get at how snowed we got and crooked these democrats were and completely abusing their power:

https://www.audacityofhypocrisy.com/2008/09/18/all-recipients-of-fannie-mae-and-freddie-mac-campaign-contributions-1989-2008/

All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008

Dodd, Christopher J - $165,400
Obama, Barack - $126,349
Kerry, John - $111,000

The next three are republicans, so like I've said before, the blame is across both parties.

I just find it extermely interesting that the people blaming the replublicans for rejecting this crap plan of a bailout were the largest recipients of campaign finanacing from the failed institutions of Fannie May and Freddy Mac.

The truth will be known, hopefully, for EVERYONE, before the NOvember election.

keep in mind that Obama's numbers are only from being in congress for 3 years..man works fast (in all the wrong ways)

 

[Darklord Dave]

But from what I understand, and I don't understand all the details yet, but wouldn't that kickback only come from companies that are failing and ask the government for help? I wouldn't hold my breath waiting for a failing business to turn a profit. I think the $700,000,000,000 is just to buyout bad loans (i.e. home mortgage and real estate investment loans that have exceeded their actual worth). But I may be wrong here with intent of rejected plan.

I think the revised plan includes "mark to market", whatever that means, which I'll be looking into soon.

BTW, where is Obama during all this? I haven't heard him say anything. Is he still waiting by the phone waiting for the phone if he can be of any help.

Obama and McCain came out in favor of the plan.

It's not necessarily buying "bad" loans. It's buying loans that the banks can't afford to keep on their books. The government has the luxury of allowing them to sit on their books for a year or two and working with the debtors to help actually pay the loans. The banks can't afford to do that if they're to remain viable commercial entities.