He's right!
- Thread starter North by Northwest
- Start date
He's right that the bailout is a mess but he is the typical politician in that he won't present a workable solution. His only solution...let the sector crumble. Of course he's not out there trying to get a loan for his small business or losing his business's credit line which is the small guy's only safety net in these times. He is fat and happy...and unwilling to answer the question on what he would do. "let it crumble" is his response (paraphrased). No solution will be a good one since it is really just disaster clean up (it's like saying we won't pay for Katrina clean up b/c Katrina was a bad idea to start with) but the whole POINT is to keep the sector from crumbling...which would devastate the American and world economies.
So he is just preaching what so many more have done for the past several years...inaction. Hasn't worked in any scenario.
So he is just preaching what so many more have done for the past several years...inaction. Hasn't worked in any scenario.
Bobbie
Senior
Ron Paul is, in all honesty, the most REPUBLICAN Republican in the House of Representatives, in the truest sense of the word. You've got to admire someone who sticks to principles, even if they're wrong.
nycbusdriver
Veteran
All he's saying is to let the market forces control the situation. The Republicans and their "Reaganomics" have touted a laissez faire attitude since 1980. We always have heard: "Let the market do its work." Now that high-powered, filthy-rich (mostly) Republicans have managed to set the economy on the edge of the abyss, we hear them moaning that it's time for the government (i.e. the taxpayers) to step in to save them.
So, let me get this correctly. For the Wall Street Republican contingent the mantra is "privatize profits; socialize losses."
Finally, the average citizen is taking notice. I am glad that every member of the House is up for re-election in a few short weeks. This should still be fresh in everyone's mind.
PRINCESS KIDAGAKASH
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I guess you're one of those who loves the IRS and the illegal personel income tax. You must also believe the Federal Reserve is a government agency. Ron Paul may not be perfect, but he's one of the most honest politicians in congress.
PRINCESS KIDAGAKASH
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So, you think it's a great idea to borrow another 700,000,000,000 from China and Russia to bailout a bunch of crooked bankers? What's your great plan? Please tell us what it is. Sometimes you have to wipe the slate clean and start over. That is what's needed in this case.
Well if you can't understand the 'trickle down' (more like 'dump down') effects of lending not being available to businesses and individuals alike then I wouldn't expect you to understand that something needs to be done. Again...it's not perfect but like I said in my analogy...we are facing a situation where the 'crap' has already happened and the clean up must begin. You and those who share your viewpoint purposefully oversimplify by saying 'let the fat get cut' when, in fact, letting major players of the financial sector crumble will end up making small businesses crumble and individual workers as well. Not to mention that we are now facing a glut of new-retirees with the boomers coming 'of age'. What do you think happens when their 401Ks have lost half their value in the past year? What do you think happens when their pensions lose their funding b/c like insurance, banks, etc, it is all tied up in the markets? And then at the same time you say 'cut Social Security'. What is most idiotic about these arguments is that you conveniently leave out the cost of the burden of a huge swath of the population not contributing to society (b/c they are jobless or retired) and not supported in any way. Like roadways, people are the infrastructure of the country. If you let them collapse and offer no support, the system fails.
But I hate to rain on your over-simplistic 'plans' that conveniently leave out the ramifications. It is the basic lack of understanding of the bigger picture that scares me about this rant of 'let the forces work'. Our 4th branch of government, the Corporate branch, is the only one that is unchecked and is by far the most powerful due to no oversight. Lobbyists run the gov't and control how representatives vote. If you want any proof, look at corporate tax brackets which conveniently shrink as you get up to the higher-revenue companies. This inversion is due to lobbying. What is most humurous to me is that only the very elite benefit from our Corporate system the way we have it set up yet there are so many that are naive enough to fall for their arguments and blindly follow. All the while you are getting raped and pillaged by those who you support.
Bailout? Yeah...it sucks. Financial sector collapse? That's the end of the US as you know it. If we let it happen due to inaction (which really is just an excuse for either #1 I have no clue what to do or #2 I'm afraid to act), we will quickly fall. All great empires come to an end but a country for 230 years is not an empire...it is a blip. and a blip that is quickly being wiped away by a runaway president and his henchmen. all in the name of personal gain. But Halliburton will live on as will Dick Cheney's 0.5% tax burden. But support those people. It sounds like such the smart thing to do.
ok...off of my soapbox now.
Youtube soundbites save the day again! It's no wonder our voting public is so stupid now. Their basis is off of conveniently snipped together pieces place on Youtube. Should have added a background track to it to make it sound more dramatic.
Repubs want to do nothing except pad in a capital gains tax reduction/elimination (isn't that what McCain is preaching against...putting crap in the bill that doesn't belong there?) but then want to create scandal where there isn't to cover up their inability and unwillingness to take action. They're like an ambulance crew driving by the scene of an accident saying 'the vultures will take care of the victims...and the survivors'.
God Bless inability to act or lead!!
Repubs want to do nothing except pad in a capital gains tax reduction/elimination (isn't that what McCain is preaching against...putting crap in the bill that doesn't belong there?) but then want to create scandal where there isn't to cover up their inability and unwillingness to take action. They're like an ambulance crew driving by the scene of an accident saying 'the vultures will take care of the victims...and the survivors'.
God Bless inability to act or lead!!
North by Northwest
Veteran
Based on your "fear-o-nomics" the "empire" should have ended in 1929. This was caused by fake money and massive deregulation.
In a capitalist society you can't have it both ways.
Your simplistic review of how dumb everyone else is except you (cause obviously you should be the Chairman of the Fake Fed) along with "trickle down credit" is part of what created this.
Not a single dime should be given until permanent solutions to the problems that created this is included in the Welfare package for the ignorant greedy pigs that caused this.
So far, not much discussion has gone on about how to prevent this again. It appears they want to leave that door open for the next run on the people.
Chicken little said the nation would collapse by next Thursday. I'd put Ron Paul economics up against most in and out of Washington any day of the week.
Many hands from both parties were in the cookie jar, some are still in it apparently.
http://www.cbsnews.com/stories/2008/09/24/...olitics_4473574
I think its appalling that you are so short sighted in your blind support of a party who has done more to hurt this economy while pretending to help.That youtube video is spot on CH 12.Beyond that,McCain,Feinstein S190 was voted down on a strict party line vote by the Dems and it would have curtailed most of the problems that got us where we are now.
As for your 'padding capital gains'...both parties are the ones putting all the crap in so it will pass.Take your friggin blinders off.
This guy is in that Youtube video:
Story
North by Northwest
Veteran
And I think you should seek help for your intense depth of denial as to who spent YEARS and YEARS forcing DEREGULATION of Banking and Finance on the American people....the ROOT CAUSE of this massive disaster.
It was your beloved BUSH and his Shadow, McCainBush. The Godfathers of Banking/Finance Degregulation. But just like the zombie drones so many extreme Republicans are "it's ALWAYS someone else's fault". Bush/McCain started it caused it...OWN IT! Democrats just jumped on the train as it past the station. All of them were caught up in "easy money" love.
This demonstrates to many the level of stupidity that we send to Washington. Too many forget their purpose for being there. I say 95% of ALL of them should be voted OUT and replaced.
I seriously think we both qualify...don't you?After all,its a two party system.
So both sides need people like Palin and other new,young faces.Everybody wants change but when a new face comes all everyone wants is the old farts who have driven us to this abyss.
If you want change you need new people on both sides...the likes of Frank and Dodd aren't doing anything here...and neither is Bush.
