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Joe Zhang
Byrne Robotics Member
Joined: 16 April 2004
Location: United States
Posts: 12843
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| Posted: 20 September 2008 at 10:57am | IP Logged | 1
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Regarding the bailout, I'm don't know how even half-a-trillion will alleviate the problem. According to this site the amount outstanding of subprime debt is 1.3 trillion. Any business that is holding a significant amount of subprime securities operates under a cloud of suspicion by customers, partners and investors.
So if the Fed wants to solve the problem by buying up subprime mortgages, it's either A) clear up the balance sheets of a select group of companies and let the rest fail or B) save all the companies by spending close to 1 trillion, and hope that doesn't break the Treasury bill market.
Because if investors stop buying T-bills, then hoo-boy, I don't even want to think about that.
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Michael Retour
Byrne Robotics Member
Joined: 27 May 2006
Posts: 932
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| Posted: 20 September 2008 at 11:00am | IP Logged | 2
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LOL Jodi! Cheney and his little toy! How cute.
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Tony Johnson
Byrne Robotics Member
Joined: 27 June 2006
Location: United States
Posts: 682
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| Posted: 20 September 2008 at 11:36am | IP Logged | 3
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Got my Obama bumper stickers for both cars today! Now I need to track down some yard signs.
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Michael Retour
Byrne Robotics Member
Joined: 27 May 2006
Posts: 932
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| Posted: 20 September 2008 at 11:39am | IP Logged | 4
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LOL I would not want to be the next president or his first Treasury Secretary!
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Dan Avenell
Byrne Robotics Member
Joined: 06 March 2008
Posts: 1038
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| Posted: 20 September 2008 at 11:49am | IP Logged | 5
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I don't think anyone has ever accused Bush of being any kind of mastermind. His critics have always painted him as a willing puppet of Cheney, Rove and the neocons. But conversely, he is not that stupid either, he plays up the dumb cowboy bit whenever it suits him.
Do I know the best way to address the current economic crisis? Nope. But does a government bail-out with tax-payers money contradict the last 20 years of Right-Wing deregulation, unfetterred-market-knows-best rhetoric. Yup.
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Jason Czeskleba
Byrne Robotics Member
Joined: 30 April 2004
Posts: 4636
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| Posted: 20 September 2008 at 11:49am | IP Logged | 6
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Christopher Alan Miller wrote:
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The guy who voted the democratic party line 97% of the time is bringing change? |
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After 8 years of mostly Republican control of the Executive and Legislative branches (hell, Judicial too for at least the past three), then the Democratic Party line is by default the very definition of "change."
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Daniel Presedo
Byrne Robotics Member
Joined: 03 May 2004
Location: United States
Posts: 199
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| Posted: 20 September 2008 at 12:03pm | IP Logged | 7
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Republicans eat babies, Democrats are angels
Republicans love you, Democrats will screw you
If Obama wins there will be change - if McCain wins there will be change.
There will be no "change" with either victory, just bend over and get used to it.
What a kick ass 200th post.
Edited by Daniel Presedo on 20 September 2008 at 12:04pm
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Rich Rice
Byrne Robotics Member
Joined: 08 April 2008
Posts: 195
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| Posted: 20 September 2008 at 12:03pm | IP Logged | 8
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"It seems
that before John McCain became the Scourge of Wall Street (i.e., all
times before September 18, 2008 or so) he was such an enthusiast about
financial market
deregulation that he was bragging about his plan to make the health
care system as awesome as the financial system. Here's what he wrote in
September
2007:
Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in
banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation. "
Mr. 'Fundamentally a deregulator,' speaks...
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Rich Rice
Byrne Robotics Member
Joined: 08 April 2008
Posts: 195
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| Posted: 20 September 2008 at 12:05pm | IP Logged | 9
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No change perhaps. But also no new Evangelical Supreme Court members.
I can live with that.
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Michael Huber
Byrne Robotics Member
Joined: 27 August 2007
Location: United States
Posts: 3338
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| Posted: 20 September 2008 at 12:11pm | IP Logged | 10
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I can't predict who will win this fall, I know who I want to win, but I digress. What I am pretty sure of is this. Whoever the poor S.O.B. is, he has a slim chance at a second term.
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Steven Myers
Byrne Robotics Member
Joined: 10 June 2004
Location: United States
Posts: 5730
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| Posted: 20 September 2008 at 12:26pm | IP Logged | 11
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If current hardships make it hard for a second term, then FDR never had a chance.
And of course, the winner is following the worst president in US History. That's kinda a plus.
Right now, with the harships we're facing, I don't even want the candidates to debate. I'd rather they sat down and discussed some real plans.
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Dan Avenell
Byrne Robotics Member
Joined: 06 March 2008
Posts: 1038
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| Posted: 20 September 2008 at 12:37pm | IP Logged | 12
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Maybe Palin thinks it's a sign of the Endtimes. The guys and gals at Rapture Ready seem to think it is...
http://www.rr-bb.com/showthread.php?t=60377
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Topic Closed)
