**A M E N! **wall street should take the hit. they should follow the money: ceo’s/managers of financial institutions, mortgage brokers and realtors. make them sell their assets to pay for this bail out.
where is the accountability!!!
WAKE UP AMERICA, THE OLIGARCHS ARE STEALING FROM THE MIDDLE CLASS TO STUFF THEIR POCKETS!!!
CALL YOUR CONGRESSMAN! DON’T BE A SHEEP! WE ARE FAST HEADED TOWARDS A SOCIALIST STATE!!
I doubt it will wake anyone up. And they will use scare and panic tactics to continue to steal from us because make no doubt, they aren’t done with us yet. We have no representation in Congress anymore. Their greed has made them deaf to our pleas!Any hestitation on this fleecing of the populace is a good thing, IMO. Maybe this whole mess will wake more people up on not trusting the government about anything. They don’t care about you, everyone. They care about their power.
So you embrace socialism, then?It’s the same principle though. Those who worked and those who didn’t got equally rewarded. My interpretation of that parable is that God distributes blessings according to His wisdom (and love) - not ours.
Applied to our worldly situation, I would simply say that we should not be overly concerned with ‘getting our due’ as opposed to everyone getting a piece of pie…I think it’s beneficial to have such an outlook so as to avoid “culture shock” in the hereafter.
Sounds more like the liberal left me. They have been raping the Constitution for years and there is a concerted effort with their propaganda arm (i.e. the MSM) to destroy the economy just to get their people in absolute power.“Give us your money and tear up what’s left of your Constitution or we will sink your economy,” is the message from Wall Street and the Bush Administration. “Give us the power and money we demand or you will be left jobless from a new economic depression."
Check out: votenobailout.org/
Of course the Western world doesn’t not know how to map out a model of development that is capable of guaranteeing stable wealth. Well maybe it knows how, but to put it in practice is another. I don’t think one needs to get too far into reading Genesis or Exodus to realize why – man’s weakness. As soon as one starts to forget what burnt him before, he starts taking more and more risk, until he gets burnt again. Be it greed, or be it good intentions once we forget what got us into trouble before, we start taking on more and more risk. One can take a perspective of getting his just due or making sure everyone gets a piece of the pie, but once you get too focused on that, one can forget about taking sound methods that won’t kill the goose that lays the golden eggs.“Despite various attempts, the Western world does not know how to map out a model of development that is capable of guaranteeing stable wealth,” the article said.
And perhaps the “new economy” which only wants the re-distribution of wealth isn’t interested in guaranteeing anything to anyone except the plutocracy.
DO NOT BE FOOLED! They are all complicit! That’s why I refuse to vote for a major party candidate this election. Who raped the Constitution when the Patriot Act, The Military Commissions Act, the NDAA was signed into law? Who authorized NSPD 51? Who pushed and/or allowed us to go into an unconstitutional war? Who allowed, unconstitutionally, generals to sign the Northcom treaty?Sounds more like the liberal left me. They have been raping the Constitution for years and there is a concerted effort with their propaganda arm (i.e. the MSM) to destroy the economy just to get their people in absolute power.
Multiple heads of the same hydra.“Give us your money and tear up what’s left of your Constitution or we will sink your economy,” is the message from Wall Street and the Bush Administration.
No, I do not embrace any “ism” other than Catholicism. I just don’t see the big deal in sharing whatever material blessings I have with others so it doesn’t really matter to me, personally, if this sharing is mandated by the government or if it is voluntary.So you embrace socialism, then?
I agree we are a materialistic, greedy and pleasure-seeking society, that maybe needs to be brought to our knees, but I sure have never found anything in my Bible that says we must look the other way when we see evil or allow others to steal from us to make themselves rich!
Would you not prefer to keep your money, give to to whom you choose, and really ensure it’s being used wisely and for the greater good?My only concern would be to do everything in my power to ensure that the government did use my tax contributions wisely and for the greater good.
No. Despite great deliberation, I’ve sometimes made financial decisions that turned out to be flawed, so can a charitable organization or the government. The only difference is that with a large entity, the scale of waste or mismanagement is proportionally greater than on an individual level.Would you not prefer to keep your money, give to to whom you choose, and really ensure it’s being used wisely and for the greater good?
So why do you favor the government handling it then?No. Despite great deliberation, I’ve sometimes made financial decisions that turned out to be flawed, so can a charitable organization or the government. The only difference is that with a large entity, the scale of waste or mismanagement is proportionally greater than on an individual level.
DOBBS: Well, I’m taken by the fact that we used two-and-a-half to ask this Congress to approve $700 billion in taxpayer money to be used at the will of the Treasury secretary – he would be beyond Tsar, he would have been almost god-like, had that been approved. Is – and they keep talking – Democratic leadership in Congress, this president, Henry Paulson, about the sky will fall and the world will end if we don’t put this up, this $700 billion in taxpayer money. Professor, what do you think is the result?
transcripts.cnn.com/TRANSCRIPTS/0809/26/ldt.01.htmlMIRON: I think that this is an extreme exaggeration. There’s no doubt that there will be more bankruptcy, there will be more defaults and there will be some distress on Wall Street if the federal government just stood by and let the market work its way out of this situation. **But, the notion it’s going to be Armageddon, it will be catastrophic, is completely unsubstantiated by common sense or the evidence. **So, it doesn’t call for – it’s not a situation that calls for a dramatic or draconian enormous intervention and indeed the bankruptcy process works incredibly well. What people sometimes forget is when a company goes bankrupt, it’s still there. It’s owned by somebody else, but it’s still there, doing most of what it did before.
KITTY PILGRIM, CNN CORRESPONDENT (voice-over): Congressman Roy Blunt and Senator Judd Gregg are no strangers to the banking industry. According to OpenSecrets.org, the Web site for the Center for Responsive Politics, Congressman **Roy Blunt’s top political donors are in securities, investment, real estate and commercial banks, contributing an estimated $2 million over the course of his career. **
And this year alone, employees and political action committees from financial and securities firms gave $144,000. Commercial banks contributed $83,000. And real estate contributed $107,000. Blunt, who is up for re-election this year, has a history of supporting business and has given a 93 percent approval rating by the U.S. Chamber of Commerce for voting in their interest. Bill Allison is with the Sunlight Foundation, a nonpartisan group that advocates greater government transparency.
BILL ALLISON, SUNLIGHT FOUNDATION: He’s also been somebody who’s been very much, again, a creature of Kay Street (ph) and very much – lobbyists have had his ear and he’s been very much kind of an insider in terms of how he’s run his or how he’s you know functioned in Washington.
PILGRIM: Blunt also voted back in 1999 to roll back banking regulations and sided with the banking industry on overhauling the bankruptcy code in 2005 to make consumers repay more of their debt during bankruptcy. Senator Judd Gregg’s top funding sources this election year are the securities and insurance industries which provide 21 percent of its funding.
RITSCH: Since Senator Gregg has been in Congress, he’s collected about $1 million from the financial sector and the industries that are most interested in this bailout. The insurance industry is his number one contributor.
PILGRIM: Citigroup is listed as the number four top contributor in this election year. Senator Judd Gregg has a Chamber of Commerce ranking voting 88 percent of the time pro business.
(END VIDEOTAPE)
The transcript is long, so for those of you who don’t want to muddle thru the whole thing, I wanted to post the above…HOW TWEAKED IS A SYSTEM that allows this? And look at the amounts contributed to the various campaigns.PILGRIM: **Now, public advocacy and watchdog groups say because of the deep ties to business and banking, members of Congress involved in crafting the bailout should not be allowed to negotiate behind closed doors without the knowledge of the public **-- Lou.
Roy Blunt and Judd Gregg combined received about a fourth of what Charles Schumer alone received. Both Blunt and Gregg are 'way down on the scale of all Congresspersons, so I’m not sure why the correspondent focused on them.The transcript is long, so for those of you who don’t want to muddle thru the whole thing, I wanted to post the above…HOW TWEAKED IS A SYSTEM that allows this? And look at the amounts contributed to the various campaigns.