Comments on: Republicans try to save economy by kicking it in the nuts

By: Hyperboles

Hyperboles — Tue, 30 Sep 2008 05:19:31 +0000

I need to say that at this point no one has mentioned the children, whether it’s their financial future or their potential dude on dude lovin’ future. “Won’t someone please think of the children!”

By: sethmissile

sethmissile — Tue, 30 Sep 2008 05:00:35 +0000

Enron
WorldCom
Lehman Bros.

And there is many more. This goes way beyond banking. When public companies make money, be it on phony energy trading or shitty mortgages, shareholders don’t want to know how. They just want to know that the stock they purchased yesterday is worth more today. When shit hits the fan, the records are shredded and execs vanish, that’s when people ask: “What the hell happened.”

We’ll never know the true extent of corporate fraud because corporations have their hands in the politicians pants. And vice versa. Until that changes, we’ll always have these messes to deal with. Unfortunately, the finance industry is so far reaching that the lack of controls has a devastating effect on the broader market.

If credit remains frozen for any length of time, the global economy will freak.

By: Ms. Jeley

Ms. Jeley — Tue, 30 Sep 2008 00:39:58 +0000

OK — I am going to weigh-in on the issues:
1 - If all someone is worried about is gay kissing/sex, their priorities are misplaced. If they aren’t hurting you and they aren’t hurting anyone else, leave them the heck alone.
2 - If you were stupid enough to over-mortgage yourself or take an interest only loan to get yourself into a house that you totally knew you couldn’t afford, only to find out a couple years later that you couldn’t afford it, shame on you. I’m sorry that you might lose your house/car/etc. but I certainly shouldn’t have to bail your stupid ass out.
3 - The banks need help. However, before we start using the taxpayers for the bailout, all of those bank and company execs should have to file bankrupty so that we can use their assets to fund the bail-out. I don’t care who you are, but no one deserves a half million dollar bonus each year while the business is going down the toilet. Shareholders, execs, owners FIRST. Then you can knock on my door.
4 - Once the gov’t figures out how to handle it, policies need to be put in place so there is a check to our human nature of greediness.

By: Antigrammatik

Antigrammatik — Tue, 30 Sep 2008 00:28:43 +0000

I totally agree Madame. I am supportive of a government solution to this situation because it is the only way that I can support a resolution to this problem.

This situation is affecting everyone, including those that pay their bills. Unfortunately, we don’t have the capital to rectify the situation. The best we can do is support a government who can help out.

In other news:

By: Madame

Madame — Mon, 29 Sep 2008 22:52:17 +0000

Here, here.
Come for the politics, stay for the dude on dude lovin’. Change we can believe in.

By: LaterSkater

LaterSkater — Mon, 29 Sep 2008 22:50:23 +0000

Sigh. This is all depressing me. Can we go back to talking about dude on dude love?

By: Madame

Madame — Mon, 29 Sep 2008 22:20:50 +0000

@Antigrammatik
I don’t like the idea of bailing out the greedy and stupid either. But when their stupidity/corruption starts to bleed over into Average Joes well-being… measures have to be taken. And unfortunately they won’t let us euthanize.

Side note, I think capping the golden parachutes is only a start. They should really be prosecuting!

By: admin

admin — Mon, 29 Sep 2008 22:02:50 +0000

In other breaking news, McCain camp blaims Obama for Republicans failing to pass bailout.

http://www.cnn.com/2008/POLITICS/09/29/campaign.wrap/index.html

By: Jeley

Jeley — Mon, 29 Sep 2008 21:35:07 +0000

and on a side note…something DOES need to be done about the economy if only to stabelize the market quell people’s fears.

If this congress adjourns without doing something so that a bunch of representatives can get on the campaign trail, the entire lot of them need to be voted out.

Hell, most of them need to be voted out anyways.

By: Jeley

Jeley — Mon, 29 Sep 2008 21:30:48 +0000

I contend that the whole thing is screwed. Bailing out Joe and Jane’s bad mortgages (Main St.) is no different that bailing out the shareholders of the banks (Wall St.)…it is basically telling everyone “don’t worry, make stupid financial decisions, blame someone else, and then let the rest of the taxpayers bail you out. I came ->this<- close to buying a house I could not afford…not because the bank told me I could, but because I was greedy and wanted a house that was on par with friends of mine that make 4 times as much money as I do…where would I be now if I had done that? Losing my house to the bank…and in a world of shit, but I can gaurentee that I wouldn’t be blaming the mortgage company for allowing me to be an irresponsible knucklehead. On the other side of the coin, I also didn’t invest in the banks and mortgage companies that “were taking advantage of” all those people. Call me lucky if you want, but I’d like to think that I could see the writing on the wall. The economists were saying the real estate bubble would burst 2 years before it did…all those people that bought 5 houses to flip at the peak…well, I guess they were just unlucky (rather than irresponsible)