American Politics during the Bush Presidency

[QUOTE=Punter 127]"We know he didn't do it because he's afraid because Sen. McCain wanted more debates," Clinton said, adding that he was "encouraged" by the joint statement from McCain and Sen. Barack Obama.

"You can put it off a few days the problem is it's hard to reschedule those things," Clinton said, "I presume he did that in good faith since I know he wanted -- I remember he asked for more debates to go all around the country and so I don't think we ought to overly parse that."[/QUOTE]Billy C sure don't like Obama! But then, most charming guys don't like other charming guys. Competition and all.

[QUOTE=Doggboy]Billy C sure don't like Obama! But then, most charming guys don't like other charming guys. Competition and all.[/QUOTE]He's just telling it like it is! I never thought I'd find myself agreeing with Bill Clinton... lol

[QUOTE=Punter 127]He's just telling it like it is! I never thought I'd find myself agreeing with Bill Clinton. Lol[/QUOTE]It's not that hard to imagine. Remember, the enemy of your enemy is your friend.

Regards,

BM.

[QUOTE=BadMan]It's not that hard to imagine. Remember, the enemy of your enemy is your friend.

Regards,

BM.[/QUOTE]Perhaps in your world.

[QUOTE=Punter 127]Perhaps in your world.[/QUOTE]Perhaps, but your comment illustrated my point. So I assume it is your world as well, and just about every single politicians world also.

Regards,

BM

[QUOTE=BadMan]Perhaps, but your comment illustrated my point. So I assume it is your world as well, and just about every single politicians world also.

Regards,

BM.[/QUOTE]Let me make this as simple as possible for you, I'm not a politician and I don't pick my friends by who their enemies are. I have never found myself that desperate for friends, perhaps you have.

[QUOTE=Sidney]1. All banks, credit unions, S+L's, credit card companies, auto finance companies, China, South Korea, Japan, Brokers, etc. Must eat their their losses. All receiving loans must be paid or they will lose their assets.

2. If the Plan is funded, much can be used to assume all the good loans of FNM+FRE. These companies will be bankrupted. All securities holders (stock+bonds to receive nothing!

3. FNM+FRE will be re-capitalized with Treasury and public money. They will re-institute their very conservative lending standards of the past. They will buy mortgages from financial institutions.

4. All the ''bad loans'' of FNM+FRE, Brokers, and all others, will be renegotiated ruthlessly (a la Buffet) with substantial equity interest for the government.

This is a start![/QUOTE] I'm a free market kind of guy, and I don't favor a socialist solution to this problem. I'm hopeful McCain is going to come up with more of a free market type of solution, and lead us more in the direction you speak of.

[QUOTE=Punter 127]I 'm a free market kind of guy, and I don 't favor a socialist solution to this problem. I 'm hopeful McCain is going to come up with more of a free market type of solution, and lead us more in the direction you speak of.[/QUOTE]This will be done long before either McCain or Obama are in office. Though both parties will blame the continuing problems on the other. I think Sid should just cut the banks a check, so he will be lite a trillion or so he can spare it.

Has anybody besides me seen the STUPID email about Obama being the Antichrist?

My favorite part?

"The anti-Christ > will > be a man,

> in his 40's, of MUSLIM descent,"

The revelation of St John? Maso 69-79 AD.

Birth of Mohamed? Around 500 AD.

Somebody quoting revelations as saying the Antichrist is a Muslim when revelations predates Islam by 400 years? Priceless.

I love it when these wack-a-doodle evangelicals get their bible references wrong.

[QUOTE=Punter 127]I'm a free market kind of guy, and I don't favor a socialist solution to this problem. I'm hopeful McCain is going to come up with more of a free market type of solution, and lead us more in the direction you speak of.[/QUOTE]The companies should all be allowed to fail since their greed (and almost zero regulations) got us into this. However, if the taxpayers do help them, then we should get a percentage of their profits / assets as a ROI for bailing the out.

No free rides.

Suerte.

Stowe

[QUOTE=Daddy Rulz]This will be done long before either McCain or Obama are in office.[/QUOTE]Daddy I'm not talking about after the election, I’m talking about what’s going on in D. C. Right now. McCain [b]is[/b] a United States senator you know, and Congress does have to approve any kind of a bail out.

Instead of reading trash emails maybe you should try brushing up on the current news, or at least check with Stowe.

I hope you haven’t been wondering around aimlessly in that south Texas sun without a hat again!

OK bubba?

[QUOTE=Stowe]The companies should all be allowed to fail since their greed (and almost zero regulations) got us into this. However, if the taxpayers do help them, then we should get a percentage of their profits / assets as a ROI for bailing the out.

No free rides.

Suerte.

Stowe[/QUOTE]I don’t think they will just let them fail, but if they do help them I hope it ’s in the form of loans, not hand outs. And I hope they will lose their assets for failure to repay. I’m not an economist but I know a free market includes both profits and losses.

The USA is on the edge of a credit cliff. Either we stop the USA from falling off the cliff or we will find out what argentine-like business cycles are all about.

This must be done quickly. Credit is not available and more banks will fail or be individually bailed out. Please read all of the descriptive materials carefully from sources like the NY Times, the Washington Post or the Wall Street Journal before passing judgement about what needs to be done regardless of whether or not it fits into your theoretical concepts of socialism or capitalism or good or bad.

With frozed credit markets: no mortgages, no car loans, credit card debt frozen,

Business capital dried up. This may not lead to a repeat of the 1930's, but the pain will be that of a depression, not just a recession.

WE can debate good and bad or place blame where ever we need to later.

[QUOTE=Punter 127]Let me make this as simple as possible for you, I'm not a politician and I don't pick my friends by who their enemies are. I have never found myself that desperate for friends, perhaps you have.[/QUOTE]No need to be so angry [blue][Deleted by Admin][/blue]. It was a simple comment. Your taking it literally and getting defensive [blue][Deleted by Admin][/blue] is unnecessary.

Regards,

BM

[QUOTE=Miami Bob]The USA is on the edge of a credit cliff. Either we stop the USA from falling off the cliff or we will find out what argentine-like business cycles are all about.

This must be done quickly. Credit is not available and more banks will fail or be individually bailed out. Please read all of the descriptive materials carefully from sources like the ny times, the washington post or the wall street journal before passing judgement about what needs to be done regardless of whether or not it fits into your theoretical concepts of socialism or capitalism or good or bad.

With frozed credit markets: no mortgages, no car loans, credit card debt frozen,

Business capital dried up. This may not lead to a repeat of the 1930's, but the pain will be that of a depression, not just a recession.

WE can debate good and bad or place blame where ever we need to later.[/QUOTE] It must be some kind of red letter day or something I find myself agreeing with Bill Clinton on something and Miami Bob finds himself standing shoulder to shoulder with the likes of George W. Bush, go figure.

Relax Bob I’m sure they ’ll come up with some kind of a plan Friday, but I don’t think it will be blindly handing over 700 billion dollars.

Btw what is a "frozed credit market"?

[QUOTE=Punter 127]Let me make this as simple as possible for you, I'm not a politician and I don't pick my friends by who their enemies are. I have never found myself that desperate for friends, perhaps you have.[/QUOTE] No need to be so angry [blue][Deleted by Admin][/blue]. It was a simple comment. Your taking it literally and getting defensive [blue][Deleted by Admin][/blue] is unnecessary.

Regards,

BM