Hello:

There WAS a reason why Franklyn Roosevelt said, "there is nothing to fear but fear itself". He said it, because he KNEW that confidence was the only thing that really holds markets together...

It's really a shame that the dufus in chief doesn't have the SAME understanding... The only thing HE said, is be scared - and we are - and we're disintegrating! Who's surprised?

There IS a reason why we want our leaders to be smart (re:Sarah Palin) - or at least to have read a little bit of history.

He IS the worst president EVER, by gosh and by golly!! ;);)

excon

This was not Bush's finest hour. He said we needed to pass a bailout oops I mean rescue immediately to avert collapse. Then after it was passed he said Paulson would deliberately develop and implement a policy.

If that is the case then where was the rush for the bailout ? Why did our Congress ;including BOTH candidates for the President vote to dip their fingers in the cookie jar if a policy and plan to use the money had not been decided on AND presented before the people ?

We were told that if it would not pass that the markets would negatively react... and they did . Then in a back room fashion they added $150 billion in pork to the bill and Congress signed on . And BOTH Presidential candidates who campaign against pork voted for the bill.

Well the markets today are still reacting negatively and they would've regardless of the Congressional vote.

As for Roosevelt ;he fearlessly created and passed policy with his Democrat majority Congress that extended the Depression a decade and permanently strapped us to a quasi-socialist system.

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Originally Posted by tomder55

As for Roosevelt ;he fearlessly created and passed policy with his Democrat majority Congress that extended the Depression a decade and permanently strapped us to a quasi-socialist system.

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Just wondering, is there any other nation on earth that has a non-socialist (as per your definition) system that the US can model themselves on?

If you mean HAD and not 'has' then yeah ;it used to be called the United States .

Interesting. This mess was started by FDR and forwarded by succeeding Democrat admisistrations, and now it is ALL Bush's fault, and the ONLY one who can solve it is another Democrat. Puleeeze!!

There is no doubt that Bush is the worst President in our nation's history. This crisis in our money markets is the fourth major blunder this guy has ignored and or mishandled and is the final nail in his coffin.

I'm just hoping he can get back to Texas without burning down the White House!

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Originally Posted by tomder55

if you mean HAD and not 'has' then yeah ;it used to be called the United States .

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Actually I meant any other nation that the US.

Has your country not been governed to your liking since the 1930's?

Hello Gal:

I don't think you understand the nature of the markets, how much confidence plays in their stability, and how much leadership counts.

I don't blame him for EVERYTHING. I blame him for the things he does wrong. SAYING you should be scared, instead of building confidence in the markets is something he is DOING wrong right NOW.

I can't help but point out the truth in these matters.

If you want to know who I blame for EVERYTHING, it would Nixon. Before him, our dollar was backed by gold. After him, it's backed by thin air. As socialistic as Roosevelt was, he PAID for his programs.

If you think creating money out of thin air is something only Democratic presidents do, you need to pay better attention... Reagan and Bush (probably your favorites) grew the governments and our deficit MORE than every Democrat president COMBINED.

excon

PS> By the way, 34 of the last 55 years were Republican administrations.

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SAYING you should be scared, instead of building confidence in the markets is something he is DOING wrong right NOW.

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Yes sir !

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Originally Posted by excon

Hello:

There WAS a reason why Franklyn Roosevelt said, "there is nothing to fear but fear itself". He said it, because he KNEW that confidence was the only thing that really holds markets together...

It's really a shame that the dufus in chief doesn't have the SAME understanding... The only thing HE said, is be scared - and we are - and we're disintegrating! Who's surprised?

There IS a reason why we want our leaders to be smart (re:Sarah Palin) - or at least to have read a little bit of history.

He IS the worst president EVER, by gosh and by golly!! ;);)

Excon

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The funny thing is that those on the left call President Bush a "liar" [ i.e. Iraq ] all the time, so why do you believe him now?

Is he telling us the cold hard truth about the housing / credit market, or is he "lying" again?


Or would you believe this guy is telling the truth and drink the koolaide?

Barney Frank's Fannie and Freddie Muddle - Sam Dealey (usnews.com)

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"These two entities— Fannie Mae and Freddie Mac—are not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

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Originally Posted by excon

Hello Gal:

As socialistic as Roosevelt was, he PAID for his programs.

.

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The Accurate Numbers as to Social Security and Medicare Solvency

http://www.cbo.gov/ftpdocs/96xx/doc9...rityUpdate.pdf



Medicare and SS - the costs for today's recipients are paid for by today's workers.

It is never completely "paid" for. It is the world's largest ponzi scheme.




And what happens when ?

In 2017, the Social Security Administration would begin paying out more in benefits than it collects in revenue ?
Or
The Soc Sec fund is "exhausted" in 2049?

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Originally Posted by inthebox

The Accurate Numbers as to Social Security and Medicare Solvency

http://www.cbo.gov/ftpdocs/96xx/doc9...rityUpdate.pdf



Medicare and SS - the costs for today's recipients are paid for by today's workers.

It is never completely "paid" for. It is the world's largest ponzi scheme.




And what happens when ?

In 2017, the Social Security Administration would begin paying out more in benefits than it collects in revenue ?
or
the Soc Sec fund is "exhausted" in 2049?

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Ponzi Scheme? Ponzi Scheme? Hummm, where have I heard that before?
By the way, this is not Socialism, it is actually called corporatism.

The public is so peeved at Dubya and Paulson for the fairytale speeches about how wonderful everything was before the proverbial you know what hit the fan. Even McCain tried buffaloing the public with his, “I believe the fundamentals of this economy are strong and I believe they will remain strong.” The public dumped money into the markets fruitlessly for years and now are willing to flush what's left. How sad this reflected in today's market down almost 800 points. Down, Down, Down - The Spine

This time I agree with Bush. We have every reason to be scared. Do you know why the gov is bailing these banks out?
Because they don't want them to go through bankruptcy. If they did, they would disclose the true magnatude of the problem. Insiders are saying that this problem is worth 800 trillion to a quadrillion dollars with a real worth of the derivatives at 2% to 5% of that.
If you ain't scared then you ain't paying attention. This can and probably will completely collapse the world economy. Then what? I have a pretty good idea but then you know what a nut job I am.
I still say this was engineered. When the people are begging for some relief, you will see the predetermined solution.

Take a look at the "Bank Wars" between Andrew Jackson and Nicholas Biddle back in the 1830's . Paulson is a modern day Biddle. Bush does not measure up to Jackson.
Yeah makes me want to put on my tin foil hat.

The dollar is at 13 month high, oil is under $90 a barrel and dropping like a rock . This is a mysterious V shaped recession that will begin it's reversal shortly before Jan. 20 when President Obama is sworn in . The Democrats that infiltrated the Bush Adm . Like Paulson will have done their dirty deed . He will slither back to G.S. to collect his golden parachute reward for a job well done.

We have been there before only this time, the beast has grown too large to control. Its slimey tentacles are the World Bank and IMF.
Spreading the will of a few elite who wish to control the resources of the entire world under the guise of "helping the poor and controlling poverty." Oh yea, they control poverty all right. And they are fixing to control a hell of a lot more of it!

BTW, Good observation tom. But Aren't Neocons really just left wingers in sheeps clothing?

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Originally Posted by excon

Hello:

There WAS a reason why Franklyn Roosevelt said, "there is nothing to fear but fear itself". He said it, because he KNEW that confidence was the only thing that really holds markets together.....

It's really a shame that the dufus in chief doesn't have the SAME understanding.... The only thing HE said, is be scared - and we are - and we're disintegrating!! Who's surprised?

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Interesting. I seem to remember both Bush and McCain telling America that "the fundamentals of the economy are sound...," and attempting to boost confidence in the markets. They were both slammed for making the attempt.

Another case of Bush being damned if he does and damned if he doesn't.

And the "dufus in chief", as you refer to him, warned us about this mess YEARS ago. He attempted legislation to avoid this mess no less than 7 times over the past 8 years. Apparently this "dufus" saw this coming long before anyone else did. Definitely before Barney Frank, Chuck Shumer and Cris Dodd did. The "dufus" was deliberately blocked from preventing this fiasco by those who caused it in the first place. So why blame Bush for a "lack of confidence" in the markets when he tried to fix the problem before that lack of confidence took hold?

Apparently the "dumbest president ever" was smarter than the "experts" who blocked him.

Maybe he is dumb. But if so, it's a Forrest Gump kind of dumb... where dumb as he is, he still sees the truth and he's still proven right most of the time, but nobody realizes it until after the fact.

Elliot

What angers me about all this is that the ones actually responsible seem to be able to shift the blame to someone else so that they can continue to pillage the taxpayer, making the voters think that these same rapists (economic), are their friends.
If voters fall for it and elect Obama, (the worst choice) and more Dems in Congress, they should not complain when they are bent over the barrell.
Get your head out of the sand! McCain sure ain't perfect, but he is worlds better than Obama and most any other Democrat.