Jay Bookman

By GOPs got to go

September 30, 2008 7:22 AM | Link to this

Robin Meade’s restraining order must have kept Management off line this am.

By Mrs. Godzilla

September 30, 2008 7:23 AM | Link to this

Who needed a poll to tell us what we already know?

Obama is the change we need.

By TW

September 30, 2008 7:23 AM | Link to this

The ‘failure of leadership’ was at the grass roots level. Having built political careers on pandering, not leading, elected representation was unable to lead their districts when called upon yesterday.

The people of a democracy get the government they deserve.

Perhaps this great empire is destined to implode as a result of its own ignorance?

By swolf4810

September 30, 2008 7:23 AM | Link to this

Vote a “No Incumbant” ticket on all House of Representatives seats, folks!

By AJC/DNC Management

September 30, 2008 7:35 AM | Link to this

Frank, chairman of the House Financial Services Committee, has spent the last few years ridiculing Alan Greenspan, John McCain and others who sought more regulation for Fannie Mae’s market-distorting schemes — the fons et origo of this financial crisis. Now he says “the private sector got us into this mess.” His partner in crime, Senate Banking Committee Chairman Christopher J. Dodd (D-Conn.), a chief beneficiary of Fannie Mae lobbyists’ largesse, claims this mess is the result of poor oversight — without even hinting at the fact he is in charge of oversight of banks. They sound like pimps complaining about the prevalence of STDs among prostitutes.-LA Times

Ignoring the problems that created this mess so that you can impugn the opposition political party helps whom?

Liberal democrats would rather lose an economy than lose an election.

But on the upside, they blew their once in a lifetime chance to play socialist scold nanny to Wall Street, now they can stfu and let the free market correct itself.

Nancy, thank you so very, very much, we capitalists owe you big time.

By AJC/DNC Management

September 30, 2008 7:44 AM | Link to this

I ain’t saying McCain has been an economic champion here, but this is gall of historic proportions:

Obama is no better. The man has spent two weeks irresponsibly excoriating his opponent for saying the fundamentals of the economy are strong — a perfectly leaderly thing for McCain to have said during a panic. Then, campaigning in Colorado on Monday, the day the market plunged 777.68 points, Obama proclaimed: “We’ve got the long-term fundamentals that will really make sure this economy grows.”-LA Times.

In the span of a week, captain hack went from ridiculing a statement to making it himself.

And the pinkkko nation mewls in concert.

By Wyld Byll Hyltnyr

September 30, 2008 7:46 AM | Link to this

Mrs. Godzilla @ 7:23 AM

“Obama is the change we need.”

Are you kidding me? Let’s look at the failed financial resuce package as an example.

First, even though the dems control the house, Pelatio won’t pass a bill she supports unless she “gets cover” from a signicant number of house Republicans - guess what, the package failed.

Next,Pelatio tells 16 dems in contested races that they do not need to vote for the package - guess what, they voted no and the package failed.

Finally, Obama, his party’s standard bearer, sits on his hands on the sideline and, in effect, casts his first “present” vote (rember the Ill state house - same pattern of indecision) by not leading the dems to pass the bill. As with Pelatio, politics first.

Meanwhile, while the dems have refused to use their house majority WaMu and Wachovia have both failed destroying a lot of innocent lives in the employee and customer base.

Last week I was so frustrated with the conservative ideologues that I was going to vote for Obama. But, when I seem him “turtled in his shell” not leading, rather, once again, putting politics first, I can’t vote for him.

Obama thy name is not change we can believe in. Obama thy name is not change that we need. Obama thy name is indecision that will eat our lunches and ruin America.

Obama ain’t like a heroic figure like Teddy Roosevelt charging San Juan Hill, rather his leadership is more like a 7 yr old boy whop gets his 4 brother to jump into the pool to see how cold it is.

By McCrusty

September 30, 2008 7:48 AM | Link to this

McCain looks and acts very CONSTIPATED, PLEASE HE IS OLD, HE NEEDS HIS ROUGHAGE

McCain did not linger hesitantly but spoke INDECISIVELY in debating.

McCain showed PANDERING with respect to his sick friend and fellow senator, Kennedy.

McCain spoke against the Iranians but LIED AND SAID NO ATTACK, as Obama did not.

McCain showed DISRESPECT FOR THE ARMED FORCES and mentioned a young soldier KIA, yet again showing his complete willingness to pander for votes.

McCain MET A POOR PERSON ONCE ,well he talked on the phone with one once.

McCain’s input gave the start of a change in the financial crisis. While others ran in circles, his party ran even faster showing yet again there respect and love of McCain.

McCain and Obama are both intelligent men. But McCain is like a 40 watt bulb trying to illuminate the ship of state while Obama is one of those new energy efficient ones.

Jim Wooten knows and he got it right. McCAIN IS A WHINNER! By Dustmite

By AJC/DNC Management

September 30, 2008 7:48 AM | Link to this

To whit, as Rome burns the goon liberals can only think of themselves:

Penn: Obama has advantage on economy-Politico

Comforting, isn’t it?

By Taxpayer

September 30, 2008 7:51 AM | Link to this

I heard some of Nathan Deal’s comments regarding his vote against the $700 billion. This idiot and his perverted “thought” process certainly go a long way toward explaining the failure of the Republican party. Isn’t he also the clown that’s been pushing the FairTax[tm] for his entire political career. I wonder if he has a 401k or a government pension plan that is invested in stocks and bonds. Stupid is as stupid does.

By TW

September 30, 2008 7:56 AM | Link to this

Where do we send the Kleenex so the Boner Twelve will have it on Thursday?

bwa…

By BDAtlanta

September 30, 2008 8:01 AM | Link to this

The Onion reports that Caribou Barbie is brushing up on foreign policy at Disney’s Epcot this week.

hehehe..snort..hehehehe

By Ray

September 30, 2008 8:08 AM | Link to this

Hey libs, any of these names ring a bell?

Franklin Raines….. Chief economic adviser to the Annointed one, forced to retire from Fannie Mae due to irregularities in the company’s books and fraud… initially compensated 240M as a golden parachute, the court reduced it to 190M.

Tim Howard…. Resigned under pressure from Fannie Mae in 2004 for cooking the books to alter financial accounting status… parachute from Fannie Mae, 20M…. now economic adviser to the Annointed On

Jim Johnson…. Former Lehman Bros. exec, former Fannie Mae CEO, sacked for irregularities in the books at FM….. parachute of 28M… headed the Annointed One’s VP search committee.

With these guys so close to the campaign, Mr. Wonderful won’t have to go very far for financial advice. Maybe he will appoint Raines as his Sec of the Treas. since he knows so much about finance. Would you trust this idiot with 250B in unregulated, unsupervised taxpayer funds with no oversight? If you would, I have some beachfront property in Kansas that you might be interested in.

By 700 Billion and counting

September 30, 2008 8:08 AM | Link to this

John McCain’s Financial Aide Package to Include Economic Opportunies:

Elderly models showcase latest designs to keep a rapidly aging society dry.

Japanese model the latest styles of adult diapers during a show in Tokyo on Sept. 25, 2008. The show was organized to display the latest styles of adult diapers and raise awareness of some of the issues facing the county’s rapidly aging population.

That means a booming market for adult diapers.

Indeed, adult diapers are an increasingly common item in the White House, home to one of the world’s longest average lifespans.

By Joey

September 30, 2008 8:11 AM | Link to this

If the magic number is 12 or 13 votes, then why is blame assigned to the House Republicans and McCain.

Pelosi could not deliver her people. Obama could not delive his people. Who is in charge of the House Democrats?

By Mrs. Godzilla

September 30, 2008 8:18 AM | Link to this

No Wyld Byll Hyltnyr, I wouldn’t kid a kidder!

And I certainly won’t deal with a cretin who thinks using terms like “Pelatio” is acceptable political discourse.

When you can discuss the situation in a manner less like a bum scratching 14 year old boy in the locker room, and more like a member of the informed electorate maybe we might start taking you seriously.

You sound familiar…..have you changed ID’s lately?

By @@

September 30, 2008 8:18 AM | Link to this

Why leave out the media jay? Last I heard, over half of the American public lacked faith in the media.

By AJC/DNC Management

September 30, 2008 8:19 AM | Link to this

Gov. Jennifer Granholm left after the Barack Obama rally in on Detroit Sunday to knock Democratic vice presidential nominee Joe Biden around in Wilmington for four days before Thursday’s vice presidential debate.

“I want to beat him up a little bit, so he does well,” she told CNN.

Granholm flew with Biden to Delaware on Sunday, Biden spokesman David Wade said. She’s the perfect person to play the role of Sarah Palin, he added.

Gosh, so much effort expended getting ready to debate a “moron.” Look’s like somebody must be worried, don’t it?

By T

September 30, 2008 8:26 AM | Link to this

Does anyone one know all of the details of the failed bill? Got any links to that? Is anyone have a sound financial back ground to explain what is really happening?

One person I spoke with in this field, said we should just wait it out. This type of thing happens every 20 or so years. We just havn’t been able to learn from our mistakes.

Besides, I hear there have been whispers about the housing crash for a few years now. So, if it took us this long to f^%$# it up, it make take some time to fix it.

It would really be nice it some of the people in congress would stop acting like children.

By GOPs got to go

September 30, 2008 8:26 AM | Link to this

Ray,

Your Kansas Beach front property has been under contract for weeks by McCain. Cindy just HAD to have that house.

Isn’t ready to close soon, just waiting for the loan approval.

By Taxpayer

September 30, 2008 8:30 AM | Link to this

Newsflash,

A surge in adults diaper sales was observed after the baby boomers and other retirees learned that the Republican party’s stand on principle resulted in the annihilation of their entire life’s savings. This would have been bad enough of a life altering event all by itself but they have also learned that this was just the beginning of the Republican-led end of times. The Republican party has also increased the nations deficit spending and debt by eliminating all taxes on the wealthy, those making over $250,000 per year while correspondingly increasing expenditures on military projects, wars, drug company bailouts and faux stimulus plans in their lead-up to their grand finale — the announcement of their plan to eliminate this newly acquired and unmanageable national debt by eliminating Social Security, Medicare, and Medicaid, the true tax burden on the American people. Needless to say, these people who depend on ready access to clean underwear did more than simply tinkle in their drawers. What will these poor and aged foreclosed-upon do, look to their government for leadership? Stay tuned as the proverbial crap hits the fan. It could get nasty, really nasty.

By BDAtlanta

September 30, 2008 8:31 AM | Link to this

Pelosi smacked those Repubs around a bit and they didn’t like it. Well, Larry Craig might have liked it.

Give em hell, Nancy!

By Wyld Byll Hyltnyr

September 30, 2008 8:31 AM | Link to this

By Mrs. Godzilla @ 8:18 AM

“And I certainly won’t deal with a cretin who thinks using terms like “Pelatio” is acceptable political discourse.”

Looks like you were able to descend into the name calling pretty quickly.

“When you can discuss the situation in a manner less like a bum scratching 14 year old boy in the locker room, and more like a member of the informed electorate maybe we might start taking you seriously.”

Fine, change “Pelatio” to “Speaker Peloosi” - now answer the issues of her failure to lead and, more importantly, Obama’s reversion to the “knowingly present” days in the state house. It is interesting that all the names that posters call President Bush, Senator McCain, and Gov. Palin don’t seem to bother you the same way a single pun on Speaker Pelosi’s name bothers you.

You sound familiar…..have you changed ID’s lately?

No, I have not changed my name.

By hillbilly ragger

September 30, 2008 8:35 AM | Link to this

Wild bill hitler, Pelosi delivered a majority of Democratic votes. Boner didn’t.

By GOPs got to go

September 30, 2008 8:35 AM | Link to this

BDAtlanta,

Larry Craig might have liked it.

Only if Barney Franks was doing the slapping

By carole2

September 30, 2008 8:36 AM | Link to this

It’s a little disingenuous to quote Jonah Goldberg, the un-liberal fascist, and then attribute the quotes to the LA Times, don’t you think AJC/DNC Management?

Why do you feel the need to do hide the true author?

By Ray

September 30, 2008 8:37 AM | Link to this

GOPs Got to Go,

Why not shelve the catty comments and focus on the post. Luko’s cartoon really shows his stupidity in these matters, as does Bookman’s, when obvious idiots in the Annointed One’s campaign have been perpetrators of this mess. Luko should stick to penning cartoon characters…. maybe a comic strip. He obviously knows nothing about the mess that we are in. Maybe you think that Raines, Howard and Johnson are not partially to blame in these matters. If so, you are more naive than I think you are. For a middle class, debt free, well read lady your slip is showing.

By T

September 30, 2008 8:37 AM | Link to this

Sorry,

Does anyone have a sound financial back ground to explain what is really happening?

NOT

Is anyone have a sound financial back ground to explain what is really happening?

By ByteMe

September 30, 2008 8:41 AM | Link to this

The finger-pointing is getting old. On all sides. It’s a way to avoid solving the problem. It’s about preening and posturing.

This isn’t a crisis because the government isn’t providing a bailout.

It’s a crisis because there’s a market for $600 TRILLION in securities that’s completely unregulated. And no one knows who owns what of this market or how much those securities are really worth now that no one wants them.

The crisis is one of transparency and trust between banks. Banks make money by lending the money they have AND by borrowing more money at favorable rates from other banks and investors to loan to someone else at even better rates.

But now the banks and investors don’t know if a bank asking to borrow money will be able to pay back the money. There’s no transparency about the unregulated securities held by the banks, so no idea if any bank is really solvent. And if you don’t know if someone will be able to pay you back AND you are not flush with cash because of your own losses, you don’t lend the money.

So credit money is drying up or getting too expensive (the price of “risk” went up).

T-bill rates are way below normal now, because everyone is fleeing to “quality” instead of seeking higher returns via buying a bank’s commercial paper.

$700 billion won’t solve the problem of transparency. The crisis will not end with this bill being passed.

The crisis will end with regulating the unregulated and forcing more transparency into the market. And that won’t happen with this Congress or this President unless they go back to work after the election and work for the country instead of for their own respective re-elections.

Until then, expect more of the same preening and posturing for the cameras. And more taxpayer money thrown at the problem instead of a real solution being proposed and discussed and enacted.

By AJC/DNC Management

September 30, 2008 8:42 AM | Link to this

By carole2 September 30, 2008 8:36 AM It’s a little disingenuous to quote Jonah Goldberg, the un-liberal fascist, and then attribute the quotes to the LA Times, don’t you think AJC/DNC Management?

Oblahma didn’t say the economy was fundamentally strong?

Is that where you are going with this?

By Mrs. Godzilla

September 30, 2008 8:42 AM | Link to this

Ray….

Raines - NEVER involved in Obama campaign.

Howard - NEVER involved in Obama campaign.

Johnson - Successful and legal tenure at Fannie Mae, dropped out of Obama VP search team early on.

Now Ray

Tell us all about Davis and Monafort?

Why was Rick Davis, McCain campaign manager, still getting paid by Fannie as of LAST MONTH?

Oh, and Guiliani’s firm, wanting a piece of the bailout pie.

When a GOP supporter says something….it usually just ain’t true!

By Taxpayer

September 30, 2008 8:43 AM | Link to this

Who is asking why Pelosi did not pass this $700 billion legislation with a majority of Democrat votes and a bare-bone minimum of Republican votes a month before the election. What a maroon.

By 700 Billion and counting

September 30, 2008 8:54 AM | Link to this

Breaking News

After awakening to their retirement funds, banking accounts and SS checks being threatened, Seniors are now practicing their catwalk walker “walks” and poses for their return from retirement. Having witnessed the Japanese Adult Diaper Fashionata yesterday they see that there is definitely money to be made in this rapidly aging population.

Janice Dickinson and Tyra Banks have been talking of “America’s Next Top Octogenarian”. Tryouts will begin in a few weeks in Miami, Palm Springs, Boca Raton,and Sun City.

Possible candidates are practicing their facial expressions, “The Cheek Squeezer” , “The OH NO” and “The I have Confidence in my Protection” looks.

By Road Scholar

September 30, 2008 8:57 AM | Link to this

I would like to know how many of the House members are up for reelection (probably all) and whether they are leading their races. Also I would like to know how many sold their stock in the past week or so, so they could send the market down to buy bargains?

By Taxpayer

September 30, 2008 9:00 AM | Link to this

ByteMe, it was, I believe, reported to be a market of 63 trillion in credit default swaps and that number is being slowly whittled away at. Unfortunately, all of this is/was done behind closed unregulated doors so we don’t get to see much of it first-hand until (or if ever) the true books are disclosed at the failed institutions. Like I’ve said before, you can thank Phil Gramm for that as well as the Enron loophole.

By Mrs. Godzilla

September 30, 2008 9:03 AM | Link to this

Road Scholar

ALL MEMBERS of the House are up for reelection every two years. (not just probably, dude)

A real Rhodes Scholar would know that.

Most of the members who voted NAY are in swing states.

By hillbilly ragger

September 30, 2008 9:06 AM | Link to this

Pretty good idea from Obama, raise the FDIC insurance level on accounts to 250K. Not sure why anyone would have a problem with this.

By lrd

September 30, 2008 9:08 AM | Link to this

Just goes to show, lack of leadership is detriment to the society as a whole.. and currently there is no leader of this goat rodeo anywhere in our nations capital.

Mr. Bush in total lack of leadership and inability to instill any confidence into anyone, has sealed his fate as far as legacy.

By Felix

September 30, 2008 9:12 AM | Link to this

You’re right Jay. Congress has been playing partisan politics for at least 30 years instead of taking care of business. The chickens have come home to roost.

By GOPs got to go

September 30, 2008 9:15 AM | Link to this

Ray,

I do not wear a slip. I prefer a well tailored pair of slacks to show off my well toned derriere. Now quickly pop a nitro, I know how Sarah has got you running to your GP for a Cialas RX. But take caution as these medications used together may bring about a sudden drop in blood pressure.

With the market tanking and the Congress balking what else is a girl to do but try to make a funny? Laughter IS really the best medicine. I have already written my Congress men and listened to insightful commentary until I am blue in the face, now I feel a little giggling might help me. But that is just me, sorry if you found it catty.

Getting back to a real discussion, I now have come to the conclusion that more strings need to be attached to any monies given to Wall Street, or anyone else for that matter. I want the language to NOT include any parachutes for CEOs, hidden or transparent. I also want to get a market rate of return for the investment, all ownership by the Federal Government, close scrutiny of Paulson with reviews and quarterly reports, as with most companies. I mean this is not a Socialist State or something. Let Warren Buffet run the show if he is so willing.

By Mrs. Godzilla

September 30, 2008 9:18 AM | Link to this

Gallop this morning….

Obama 52

McCain 40

Prepare dear fellow liberals, progressives, independents, free thinkers, moderate republicans……the McCainiacs are going to use every nasty, dirty, filthy trick in the book over the next 30 or so days.

Remember…..how can you tell when a Republican is telling a lie?

It’s lips are moving!

By Davo

September 30, 2008 9:23 AM | Link to this

The House Vote Roll Call

http://www.slate.com/blogs/blogs/trailhead/archive/2008/09/29/the-house-vote-roll-call.aspx

Also…we dropped 777 points and lost around 1 trillion dollars of bad paper that we now don’t have to bailout; the longer congress stalls for whatever reason…the better. Real value must be applied to all this bad debt and only the market should decide that.

Bankruptcy, not bailout, is the right answer http://www.cnn.com/2008/POLITICS/09/29/miron.bailout/index.html

By Mrs. Godzilla

September 30, 2008 9:24 AM | Link to this

From WSJ online

“”For his part, Mr. Palin has worried about the frequent separation of his wife from her family, friends and Alaska staff, an adviser said. Accordingly, her family will be with her in Sedona during this week.”“

Is this the beginning of the end…..?

By ByteMe

September 30, 2008 9:25 AM | Link to this

Taxpayer: yes, you are right, 63 trillion. I got carried away with a zero there.

Article on the Problem

It’s still WAY too much unregulated securities floating around out there compared to the buyout. And no idea what those securities are worth or who is obligated when one of the banks or investment houses or hedge funds goes belly-up. Until it happens.

Fear of the unknown is driving this crisis. And will until transparency is forced into the market.

By Taxpayer

September 30, 2008 9:27 AM | Link to this

When the Republicans state that they want to protect free market capitalism, they are really simply conveying the words that they have been given by their wall street masters. A more truthful statement would be that they are supporting their master’s desires to have a CINO (Capitalist In Name Only) market where they are free to manipulate it to their liking behind closed doors in order to reap all the rewards they desire from the backs of others while accepting no risk or responsibility for any negative effects that they will or have wrought upon others. That about sums up this economic crisis in a nutshell.

By T

September 30, 2008 9:29 AM | Link to this

hillbilly ragger @ 9:06

I like this. Might stop people from panicing and loosing total faith in the American economy.

By Wyld Byll Hyltnyr

September 30, 2008 9:37 AM | Link to this

By Taxpayer @ 8:43 AM

“Who is asking why Pelosi did not pass this $700 billion legislation with a majority of Democrat votes and a bare-bone minimum of Republican votes a month before the election. What a maroon.”

The answer is, simply, that Pelatio and Obama put politics ahead of country.

Republican leadership used to deliver when matters were importanat - the dems had this in their hands, but could not bring it home. If the Republicans still had the majority, there is no question they would exert the leadership, McCain leading, to pass a bill they consider the right thing to do. Pelosi and Obama don’t have the character to make a decision and be held accountable.

By ByteMe

September 30, 2008 9:38 AM | Link to this

Ragger: the problem is that most people don’t understand FDIC insurance or what happens when a bank gets into trouble. Until it happens and THEN they know. Fear of the unknown again.

FDIC insurance is paid by the banks. This would immediately add another cost to the banks and require them to raise more capital to cover the costs. Can’t raise much capital just now.

I think in calmer times, the proposal makes sense. For now, it would inadvertently add one more stress to the banks that can’t afford another stress.

By Felix

September 30, 2008 9:42 AM | Link to this

Bankruptcies hurt us all, Davo, and should be avoided at all cost. There’s almost always a better way. Obama has a lot of good ideas. I would recommend everyone visit his Web sit if they haven’t alrady. He has some excellent advisors.

By Mrs. Godzilla

September 30, 2008 9:42 AM | Link to this

Republican Leadership now that’s an oxymoron!

…. When the Wall Street Journal’s editorial page mocks House Republicans, you know the GOP has stepped in it……Their immediate response was to say that many of their Members turned against the bill at the last minute because Ms. Pelosi gave her nasty speech,” the Journal’s explained. “So they are saying that Republicans chose to oppose something they think is in the national interest merely because of a partisan slight. Thank heaven these guys weren’t at Valley Forge.”

Again, how can you tell if a Republican is telling a lie…..

By Mrs. Godzilla

September 30, 2008 9:46 AM | Link to this

Here’s more about about Republican/McCain leadership….

“McCain sure as hell didn’t provide any leadership,” Morris said, standing alone in the center of a spacious room bordered by several dozen GOP contributors. “This is a man who conceivably has a lot of courage — certainly showed it earlier in his life — but man, it was lacking over the last week,” Morris said. “I think his campaign staff and the Republican Party set the table for him, but he refused to sit down and eat the meal.”

By Ray

September 30, 2008 9:47 AM | Link to this

Mrs. G,

Both Raines and Johnson were brought on board early on as a part of Mr. Wonderful’s campaign staff. Howard is questionable, after looking around a bit. Raines and Johnson played an important part of the early on thinking about the bailout and it’s consequences. Washington Post, Aug27, 2008 “Tough Decision Making”, and gave advice to the campaign until things heated up and then they were dropped.
All three were Democrats. Have you watched the You Tube video of Daniel Mudd, another Demo, the interim CEO of Fannie Mae, pandering the Congressional Black Caucus, that is an equal opportunity organization but has never had a white member? “Joined at the hip”, “part of the Democratic family”, “one of us”. It almost made you want to throw up. He happened to be about the only white guy in the room and was probably quickly ushered out as soon as his fawning speech was over.
“We will still leave the door open for equal opportunity loans to the disadvantaged in this country”. Waves of applause, standing ovations, blah, blah, blah. Another wave of nausea. Pandering at it’s best or worst, not sure which.

By AmVet

September 30, 2008 9:49 AM | Link to this

This is not merely a financial crisis, it is a crisis of faith in American government, and the twin meltdowns are reinforcing each other with potentially terrible consequences. And in both cases, you get the sense that this has been a long time coming and will take a long time to fix.

Truer words were never spoken, Mr. Bookman.

Not since the dark days of Nixon/Agnew have the vast majority of the good American people rightfully believed they were dealing with an such an untrustworthy man in the White House.

And it truly pains me to say I agree…

George W. Bush consistently puts his cronies and his political party first. And has sent this “shining beacon on the hill” reeling backwards.

These emasculated, corrupted hijackers of the GOP leadership should hang their collective heads in shame. As should those who voted for them. But arrogantly, they do not.

And that is why they got absolutely decimated in 2006 and why I believe they are going to pay a terrible price yet again this November.

But the sun will continue to rise and the world keeps on spinning. And even the worst administration and ideology in American history cannot keep this great nation down for long.

And for goodness sakes, wake up Georgians! And get rid of that neo-con acolyte and gutless coward Saxby Chambless…

By Taxpayer

September 30, 2008 9:51 AM | Link to this

Wild Bill,

Pelosi made it real simple for the Republicans. She let them know in advance that the Republicans and Democrats would have to share in this legislation equally. There would be no political posturing with votes such that one side or the other could use the economic crisis to their advantage. The Republicans should have done their part but they did not. On top of that, McCain had to go and stick his foot farther down his throat before the votes were counted and proclaim that this economic crisis was averted thanks to his efforts and then he went on to slam Obama on top of that. That was by far right up there on top of the most stupid yet typical mavericky McCain bloopers that we have experienced to date. The maroon.

By Mrs. Godzilla

September 30, 2008 9:52 AM | Link to this

RAY AGAIN…..

RAINES was not ever involved in the OBAMA campaign.

To say so is a lie.

Keep reading dude.

By Felix

September 30, 2008 9:53 AM | Link to this

You’re right ByteMe, consumer education should be a top priority. Duh, Wyld Byll Hyltnyr, this was Mr. Duhbya’s request, after all. If it had come from a Democrat Pilosi wouldn’t have needed a single Republican vote.

By N-GA

September 30, 2008 9:56 AM | Link to this

In response to Wyld Byll Hyltnyr:

You are challenged in so many ways, particularly mathematics.

The bailout bill was initially proposed by your favorite President (a neo-Republican, mind you) and fleshed out by his “economic” advisers.

The vote in the House in favor of the bill was weighted heavily by Democratic congressmen. In point of fact, a higher percentage of Democratic congressmen voted in favor of the bill than Republican congressmen.

You can place blame for the defeat of this bill directly in the laps of the Republican congressmen who flip-flopped on their agreement with Boehner.

McCain just couldn’t deliver!

By Davo

September 30, 2008 9:59 AM | Link to this

Felix

Respectfully, you have it completely backwards. The Bailout hurts us all; a burnout (copyright Davo,Inc) will limit most of the damage to those firms and clients who participated in this disaster. $700B now in an economy that already is in way over it’s head in debt is just plain stupid. And if they get this they will be back for more. There won’t be too many european vacations under a bailout because the dollar will be so weakened from more borrowing.

And Obama? Please spare me the blah blah Hope blah blah Change. That message gets trotted out every 4 years. The dems just look at this mess as a way to further get their claws into the economy…and the repubs too. I’m voting 3rd party if at all.

By Mrs. Godzilla

September 30, 2008 10:00 AM | Link to this

AmVet

Have you seen the current numbers on Chambliss?

From DailyKos

GA-Sen: Undecideds galore here…but Saxby Chambliss leads by just three points in Georgia:

The Mellman Group for the Democratic Senatorial Campaign Committee. 9/24-28. Likely voters. MoE 4% (8/6-10 results

Chambliss (R) 37 (42)

Martin (D) 34 (36)

Buckley (I) 3

Well, it looks like they tried awfully hard to push leaners…but at the very least, the polling is even closer than it was last month. Democrat Jim Martin may make this a really competitive race in the last month, or he may get beaten badly; the polling is all over the map on this one.

If you’re looking for a sleeper race, though, this may be the best Senate sleeper out there.

By Bosch

September 30, 2008 10:03 AM | Link to this

This guy has my permission to speak for me right now:

These were the reckless clowns who led us into the foolish multitrillion-dollar debacle in Iraq and who crafted tax policies that enormously benefited millionaires and billionaires while at the same time ran up staggering amounts of government debt. This is the crowd that contributed mightily to the greatest disparities in wealth in the U.S. since the gilded age. This was the crowd that cut the cords of corporate and financial regulations and in myriad other ways gleefully hacked away at the best interests of the United States. Now we’re looking into the abyss. When President Bush went on television last week to drum up support for the bailout package, he looked almost dazed, like someone who’d just climbed out of an auto wreck. “Our entire economy is in danger,” he said. He should have said that he, along with his irresponsible Republican colleagues and their running buddies in the corporate and financial sectors, put the entire economy in danger. John McCain and his economic main man, Phil (“this is a mental recession”) Gramm, were right there running with them.

By Mrs. Godzilla

September 30, 2008 10:05 AM | Link to this

Davo

voting….if at all???

wow dude, your patriotism is underwhelming.

Go Barr, Nader or McKinney - but get off your arse and vote.

By RealityKing

September 30, 2008 10:08 AM | Link to this

NO MORE TAXPAYER BAILOUTS!

If we bailout the greedy with more cheap capital, we only ensure a deeper reccession. Instead, we should be focusing on the CEO’s and CFO’s that profiteered off managing cook books. The FBI is now investigating 36 companies.., hopefully we will soon see Obama, and McCain, distancing themselves from those golden paratroopers advising their campaigns. Broke and in jail is where they belong.., no matter which parting they support.

By BDAtlanta

September 30, 2008 10:08 AM | Link to this

Pelosi was right to berate Congressional members and yes, she could have thrown a lot more blame on the Democrats too.

But we don’t have to have this bailout. We can let the banks fail. Bailing them out won’t solve our economic problems – it won’t end the recession. Tough times are at hand and there is no magical cure for what ails us.

I support more regulation/oversight without a bailout – Yes, stick it to those Wall Street bankers twice for helping to get us in this mess.

By Bosch

September 30, 2008 10:09 AM | Link to this

N-GA,

I was wondering yesterday why they put it up to vote if they had the least inkling of an idea that it wouldn’t pass.

I think the Republicans are purposefully trying to make it appear the Democrats are in-line with Bush to save their political backsides - and right now, they are right.

They are relying on the ADD nature of the American people to forget the other deeds of their days (see article above ^^^) - hopefully the people won’t fall for it.

By Mrs. Godzilla

September 30, 2008 10:10 AM | Link to this

Bosch….

Bob Herbert hit the nail on the head this a.m.

Let’s hope that more than just you and I read it!

By Felix

September 30, 2008 10:10 AM | Link to this

Well, this country runs on cheap oil and credit. Granted that needs to change, but over time. The treasury is receiving assets for their (our) investment and will be able to sell them over time. There isn’t enough money in the private markets to do it and they can’t wait that long.

By Davo

September 30, 2008 10:17 AM | Link to this

Voting equals patriotism? Please, enlighten me. Given that neither MSM candidate reflects my libertarian views and that no 3rd party candidate has a realistic ability to win…why? I’m not that hard up that I need to do jury duty.

And also, respectfully, please don’t question how a person chooses to express their rights as a citizen…it’s a libertarian thing; hope you understand.

By Bosch

September 30, 2008 10:17 AM | Link to this

Mrs. G.,

Yes, I agree. It’s like I said the other day, these clowns are ALL OF A SUDDEN FISCALLY CONSERVATIVE? WTF?

THEY ARE ALL OF SUDDEN CONCERNED ABOUT THE AMERICAN TAXPAYER?

ADD ABOUNDS!!!

I think that Op-Ed piece explains these clowns bangs it.

By AmVet

September 30, 2008 10:19 AM | Link to this

Mrs. G,

Do I dare get my hopes up?

That the majority of voters in Georgia can actually see this coward for what he truly is?

I would be absolutely shocked!

More than any other single faux conservative chicken hawk, I’d love to see “Blood & Guts” Saxby looking for employment in the private sector come January.

To me, he is a total embarrassment to a state that has had plenty in the past 25 years…

Wall Street said — vote for the bailout.

Obama said — vote for the bailout.

McCain said — vote for the bailout.

Bush said — vote for the bailout.

The House Democratic leadership said — vote for the bailout.

The Republican Democratic leadership said — vote the bailout.

But in overwhelming numbers and with outrage, the American people said — if you vote for this bailout, we will vote against you in November.

And so, today the House voted 228 to 205 against the bailout.

Do we have a pulse yet?

Maybe yes.

Yesterday, the American people rose up and slapped down the two Wall Street controlled political parties.

There is ONLY one national candidate for President untouched by Wall Street and not owned by K Street.

His name is Ralph Nader.

By getalife

September 30, 2008 10:21 AM | Link to this

When did they earn our trust?

When will heads roll?

The consequences of no accountability or credibility.

They have no one to blame but themselves but they blame the other side to keep the country divided.

By Felix

September 30, 2008 10:22 AM | Link to this

I’ll be very surprised if the stock markets finish up today, despite the good start. Congress is taking off due to a Jewish holiday.

By Mrs. Godzilla

September 30, 2008 10:23 AM | Link to this

Sorry, Davo

I’m old school…if you don’t have the energy to vote….stay out of the discussion.

Your input means nothing, unless you input something….like a vote.

Voting…it’s an American thing.

I’ve been voting for 34 years…..never got called for jury duty, but would be proud to do it.

But I see you may put party (libertarian or whatever) before country.

By BDAtlanta

September 30, 2008 10:25 AM | Link to this

Economist Dean Baker:

The best argument that the bailout proponents had was that the failure to do the bailout could lead to a collapse of the financial system, leaving us unable to use credit cards or ATMs, or otherwise conduct normal financial transactions. This would indeed be scary, since it would imply a complete economic collapse.(I had actually accepted this line.)

http://www.truthout.org/092908T

By Taxpayer

September 30, 2008 10:26 AM | Link to this

Bring back the Pinto. Those things were a blast. By the way, Ralph who?

By Mrs. Godzilla

September 30, 2008 10:28 AM | Link to this

Amvet….

Please spread the word and come mingle with your fellow Atlanta progressives, meet Georgia’s next US Senator Jim Martin, and enjoy special $6 “Martin Martinis”, $2 Premium beer pints and hors deouvres.

When: Tuesday September 30th from 630PM to 830PM

Where: Amsterdam Bar and Cafe Outdoor Patio, Amsterdam Walk Shopping Area, 502A Amsterdam Avenue, Atlanta, GA 30306

Cost: Minimum donation of $25 per person

JUST AN FYI FOR Y’ALL.

By Bosch

September 30, 2008 10:29 AM | Link to this

Excuse me, left out an “and” in the last sentence ^^^ -

I think that Op-Ed piece explains these clowns AND bangs it.

I was on the phone for an hour last night talking to my mom and dad. They were freaking out, and I tried to calm them down - I hope it worked, but I finally told them, that to always remember they had me and my sisters (and all our kids)and no matter what, they’d be okay.

It pains me that they are going to be the type to suffer the most. They’ve worked hard all their lives, saved, never bought anything extravagant (they live in the same house they bought in 1969 and still drive the same cars they bought in 1987), lived within their means, sent me and my sisters to college — and now they are worried about how they are going to pay their bills.

I have faith it will bounce back, but it p** me off that people like my parents who are the back bone of this country are really worried right now.

By Davo

September 30, 2008 10:32 AM | Link to this

Voting…it’s an American thing

Reason..It’s a human thing

But I see you may put party (libertarian or whatever) before country.

But I see that you put your country (fascist or whatever) ahead of your liberty.

By hillbilly ragger

September 30, 2008 10:34 AM | Link to this

byteme @ 9.38, those are reasonable concerns, but wouldn’t the added cost to banks be pretty modest to cover this? I’d think there weren’t really a whole lot of people affected by the coverage—most folks don’t have >100K in the bank, and those that do, probably know to move it into another account when it goes above 100.

I freely admit that it’d be mostly psychological, but then isn’t that what establishing market confidence is all about?

By Felix

September 30, 2008 10:36 AM | Link to this

Say what you want about “Knee” Chambliss, but he conducts himself very well in the Senate and is a respected member of the Senate Select Committee on Intelligence. He finally saw the hand writing on the wall and sought a compromise energy bill as well, much to the chagrin of his GOP colleagues in the House.

By Mrs. Godzilla

September 30, 2008 10:38 AM | Link to this

Davo

Nope, when I see America going down the Facist higway…I’m standing out in front with a stop sign. (Read the ajc blogs very long?)

There is no intelligent excuse for not voting.

Deal with it.

By BDAtlanta

September 30, 2008 10:39 AM | Link to this

Another excellent line from Economist Dean Baker:

Wall Street may have won this one, but this is the battle not the war. The whole country now knows that these millionaire and billionaire high-flyers are the biggest bunch of welfare cheats around. The folks with the yachts, private jets and personal servants lack the skills and diligence to make it on their own. They need the tax dollars from the rest of us to make ends meet.

Every progressive in the country should be working to ensure that this bailout is incredibly costly for the Wall Street crew. They should wish they never took our money.

http://www.truthout.org/092908T

By Taxpayer

September 30, 2008 10:41 AM | Link to this

ByteMe,

If you are really interested in getting a grip on the credit default swaps problem, then read on. I warn you though, this topic is for mature audiences only — no Republicans allowed.

By citizen

September 30, 2008 10:42 AM | Link to this

It has been reported that Hank Paulson left Goldman Sachs having a net worth of $500 million. Now where do you think that $500 million would be? In his checking account? No, it’s invested. He has a tremendous interest in bailing out Wall Street; he may be only worth $125 million after this market corrects itself.

By RealityKing

September 30, 2008 10:45 AM | Link to this

No Bailouts! And in light of America’s economy growning by leaps and bounds over the last 7 years…

Where have you morons spent all your money!?

By Felix

September 30, 2008 10:46 AM | Link to this

Bosch, if all is as you said, your parents should be able to pay their bills with their Social Security benefits. You might want to check on their insurance coverage. They may have some they don’t need or they might be able to get the same coverage cheaper with a different company.

By AJC/DNC Management

September 30, 2008 10:48 AM | Link to this

A total lack of faith in economy, leaders

Uh-huh:

Consumer confidence unexpectedly improves in September…

Stocks staged a partial rebound early Tuesday after their biggest sell-off in years-Yahoo

Sell, al-Gitmo, sell.

By N-GA

September 30, 2008 10:48 AM | Link to this

Bosch,

I think the GOP leadership knew going into the vote what the result would be.

On the other hand, my instincts as an ex-banker tell me don’t do the bailout. I’ve tried to determine on my own what the consequences might be (dangerous, huh?). Here’s my take:

Oh well…….

By Davo

September 30, 2008 10:49 AM | Link to this

Get out your reflective vest and whistle

fascism 1. (sometimes initial capital letter) a governmental system led by a dictator having complete power, forcibly suppressing opposition and criticism, regimenting all industry, commerce, etc., and emphasizing an aggressive nationalism and often racism.

By RW-(the original)

September 30, 2008 10:53 AM | Link to this

BDAtlanta,

Does your Truthout story writer even know the bailout/rescue bill failed?

That’s quite a source you libs have, Is Jason Leopold still reporting that Rove is about to be indicted any second?

By AmVet

September 30, 2008 10:56 AM | Link to this

Mrs. G,

Premium beer and trying to unseat that cravenly BushCo sycophant “Suckstobeus”?

OH H&LL YEAH!

If I can gracefully get out of the second night dinner for the High Holy days, I’m there.

And thanks for the info!

BTW, I’m 100% with you on the voting thing. I have voted in EVERY single election since Nixon/McGovern in Nov. 1972 when I was but 17 years old. (Was on active duty and did not have to meet the 18 year old requirement). And take a tiny little guess who I didn’t vote for, Tricky Dick fans!

Taxpayer, I’ve read only a little of your writings and do not know your political beliefs. I would suppose that like most of here, you care very deeply about this country. A nation that sacrificed those Marines and GIs on Omaha Beach and on Iwo Jima to give us everything we have, our liberty and even our very lives.

But ignorance, unless tongue in cheek, is no excuse.

Americans, please educate yourself about serious efforts to end this failed, self-serving Democratic/Republican stranglehold. Nader is but the first of more to come, and trust me, this issue is NOT going away.

Along with voting, it’s the thing to do.

By Bosch

September 30, 2008 11:01 AM | Link to this

N-GA,

I like your take, and I think the market will work itself out one way or another.

It’s the “tightening of the collective belts” that I think is going to be the biggest problem for most.

My kids just couldn’t get their heads around the fact that there was NO gas on Saturday night. My daughter said, “well that’s silly, you just go to the gas station and pump it.” I guess she thought I’d had a stroke and had forgotten how to get it. Like the “magical money machine” that spits out $20 bills.

I think alot of people do not or can not live within their means, and if credit cards do stop working (which I don’t think they will - we will just stop seeing more available to use)……heaven help for most folks.

By Dusty

September 30, 2008 11:02 AM | Link to this

I can’t help wondering this morning.

Has Bookman ever written something without mentioning POLLS? Does he have an opinion/conclusion of his own?

Has Mrs. Godzie gone back to being IN THE NEWS? Seems like it. Pure propaganda with directions to political gatherings. I guess she uses every avenue she can get for free politicizing.

Has there ever been a liberal or even a conservative who could say that blame for anything goes to BOTH parties?

Has there ever been a time when Americans DID NOT WORRY about their bank acounts, mortgages, and jobs? We are in a crunch but we’ve been through them before. Quit groaning and moaning and blaming. Nobody “shines” in this one.

Grin and bear it or shut up and leave. Zimbabwee, Venezuela, Tibet and Somalia need you. Try it, oh unhappy ones!!

By ByteMe

September 30, 2008 11:08 AM | Link to this

Ragger: From the FDIC site:

Beginning in 2007, rates will range between 5 and 43 cents per $100 in assessable deposits.

What this means if you increase what is assessible is that the cost to the bank will go up.

Now if you’re claiming that most people don’t have that much in the bank… what’s the point of the proposal?

Like I said: in calm times, I think it’s a good idea. Now, I think it’s just heaping another cost on the banks that currently need more cash.

By Bosch

September 30, 2008 11:11 AM | Link to this

Felix,

Would you like to be the one to tell your parents, “Oh Hey! You can live on Social Security! No problem!”

Me neither.

By Mrs. Godzilla

September 30, 2008 11:14 AM | Link to this

Has Dusty ever posted anything of consequence?

Nope, I just grin and bear it.

Oh and DAVO

I see you can make little tiny steps in the right direction. Now for your homework:

Read this.

By mike hussein smith

September 30, 2008 11:17 AM | Link to this

jay, I wish everyone would get over the notion that only millionaires like Henry Paulson got taken to the cleaners yesterday. I’m retired for medical reasons, living on a small pension and my modest 401(k) while waiting for Social Security to kick in. I am one of those fortunate enough to have such an account, but I wonder what it is worth now. It dropped 4k Monday and the future is bleak. And I also am questioning the worth of my congressman, Hank Johnson, who joined Darrell Issa and other House bottom feeders to defeat the bailout. As I told Mr. Hankie’s office, I may never forgive him for that.

By ByteMe

September 30, 2008 11:18 AM | Link to this

Taxpayer: thanks, I read that a few weeks ago. I get Thoughts From The Front Line weekly in my inbox and that’s where that article came from. I recognized it when I came to the “Old Maid” reference.

And, yeah, reading him can scare the heck out of you. On the other hand, because of him, I’ve been in mostly cash for about a year waiting for this to happen.

SPX below 1000 before I even consider re-entering equities.

By Taxpayer

September 30, 2008 11:18 AM | Link to this

AmVet,

If you’ve got something to say just say it bub. I’ll leave it up to you to sort out my tongue in cheek from the really serious stuff.

By Paul Burnore

September 30, 2008 11:22 AM | Link to this

John McCain has described himself as a Teddy Roosevelt Republican. But President Roosevelt stood up against his party and against monospolistic trusts which dominated the labor and economic markets - and created a fairer country. He called for universal health care and national health insurance to benefit all citizens. He created the conservation movement to preserve our country for all people. And he won the Nobel Peace Prize for negotiating peace in the Russo-Japanese War. Senator McCain, you are no Teddy Roosevelt.

By GaNative

September 30, 2008 11:27 AM | Link to this

The bailout should have been defeated and I’m glad. It had no provision in it that would make sure they BROUGHT EVERY OFFSHORE JOB BACK TO AMERICA AND THAT THEY HIRE ONLY AMERICANS AT THEIR CORPORATE HEADQUARTERS AND OTHER U.S. LOCATIONS. That would be the fair thing to do since they are using our tax dollars and it’s the only way I would support it.

By Cal

September 30, 2008 11:28 AM | Link to this

Dusty, I totally agree with what you said but I just had to let the Democrats see their party making a fool of themselves.

http://mx.youtube.com/watch?v=MGTcSi7Rs

By Bosch

September 30, 2008 11:28 AM | Link to this

Well this is funny:

{John McCain: Economic Disaster](http://www.youtube.com/watch?v=C4egXbhSOhk)

By Bosch

September 30, 2008 11:31 AM | Link to this

Rut Ro, Raggy,

Let’s try that one more time:

John McCain: Economic Disaster

By BDAtlanta

September 30, 2008 11:32 AM | Link to this

RW @ 10:53, Many people realize it’s a foregone conclusion that a version of this bill will pass sooner or later. You think because one version of a bill died, the concept of that bill is dead? Especially this one?

It’s going to get signed.

By Common Sense

September 30, 2008 11:33 AM | Link to this

For every congress person who voted against the bail-out THEY MUST GO!

Also can we send Ray and AJC truth serums they seem to lack truth in their comments!

Senator McClain are you going to suspend the campaign to pander some more to the conservative base?

Or are you going to sit next to Governor {I can see Russia from my house and that gives me foreign experience Palin) in her next interview.

THIS IS THE BIGGEST SCAM I HAVE EVER SEEN!

And Republicans and conservatives you should be ashamed of yourself for defending and supporting such non-sense!

The Bail-out will create jobs and healthcare! WHAT,WHAT was that about!

I like governor Palin but as I have mention in the past she does not knowing policy. You deal with small policy in Alaska not major policy!

By Felix

September 30, 2008 11:35 AM | Link to this

Folks, for the last time, it is not a bailout! Wall Street and MAIN STREET ARE MORE CONNECTED THAN AT ANY TIME IN OUR HISTORY (caps unintended).

By Paul Burnore

September 30, 2008 11:36 AM | Link to this

John McCain has described himself as a Teddy Roosevelt Republican. But President Roosevelt stood up against his party and against monospolistic trusts which dominated the labor and economic markets - and created a fairer country. He called for universal health care and national health insurance to benefit all citizens. He created the conservation movement to preserve our country for all people. And he won the Nobel Peace Prize for negotiating peace in the Russo-Japanese War. Senator McCain, you are no Teddy Roosevelt.

By AmVet

September 30, 2008 11:38 AM | Link to this

Taxpayer, is what I said that difficult to discern? It is merely standard, written English…

By Dusty

September 30, 2008 11:40 AM | Link to this

Mrs Godzie,

Poor baby. Her incessant propaganda is the only thing she thinks is worth reading. UH oh!! Wrong again.

bosch,11:11

My parents never ASKED me about their living expenses. They had planned and took care of that themselves. They knew we were “there” but did not need us. They did not count on the government either. I had the example of self supporting conservatives right from the start and they were NOT super rich.

By Wyld Byll Hyltnyr

September 30, 2008 11:41 AM | Link to this

Mrs. Godzilla -

Amsterdam Bar and Cafe Outdoor Patio?

Ain’t that one of them Barney Frank friendly bars?

By Common Sense

September 30, 2008 11:42 AM | Link to this

Hey Ray and AJC,

Gotcha! Why are you using Gotcha politics about Senator Obama?

What is going to happen next to the stumbling bumbling campaign of Senator John McDuck and Governor Sarah!

Tune in tomorrow!

By Soothsayer

September 30, 2008 11:43 AM | Link to this

Sen. John McCain meets with federal regulators to discuss investigation of Lincoln Savings and Loan. The thrift’s owner, Charles Keating, was the senator’s business partner and campaign contributor, and flew McCain around on his private jet.

For those who wonder how we got into this mess this is as good an explanation as any.

By Taxpayer

September 30, 2008 11:44 AM | Link to this

ByteMe,

I’m glad to hear that you and hopefully others have really been studying this problem. I also have maintained a pretty large percentage of my investments in cash equivalents (unless my money market accounts break the buck, that is) since last year although I do also have a lot in stocks and bonds as well. Fortunately, I don’t have to worry about accessing any of that for many years to come since I’m still in my early fifties. Anyway, enough on that.

To really deal with this problem long term, we will have to insure that we get more, much more, transparency in the markets and we must get these nasty credit default swaps and other instruments under control. These pieces of paper literally have created a monster with the potential to shut down nations and I just don’t know if people truly realize this, especially some of our elected ones. I think that some of them really need to take and pass some sort of government entrance exam just to give me a little piece of mind that they can be trusted at all. They’re playing with Interstates jam-packed with gas-filled Pintos and brakeless dump trucks barreling along on a down-hill grade at ever-increasing speeds and that’s the good part of the story.

By AJC/DNC Management

September 30, 2008 11:46 AM | Link to this

Accusing the Bushie’s of stealing the silverware from the White House is just a little Mooronic considering that it wasn’t that big of a deal 8 years ago.

By RW-(the original)

September 30, 2008 11:46 AM | Link to this

BDAtlanta,

Most people know it’s a foregone conclusion that sooner or later our markets will be fine again. What would you say about someone that wrote an article saying things were fine now just because it would be in the future?

Later!

By Soothsayer

September 30, 2008 11:47 AM | Link to this

Let’s imagine a parallel universe where the Democrats were in the majority in Congress for 12 of the last 14 years.

Imagine what this blog would look like given the current serious financial problems we face.

Oh! there would be howls! I think it’s time that the rabid right finally accept responsibility for this mess.

By Bosch

September 30, 2008 11:49 AM | Link to this

Dusty,

That’s probably because your parents knew you are retarded.

My parents have planned for themselves as well. I have had the same example as well. My parents don’t need me either for any financial help, I was simply trying to calm their fears.

You can talk bad about me all day, but don’t cross the line and say anything bad about my parents. Okay?

By Common Sense

September 30, 2008 11:49 AM | Link to this

TO dusty’

Not today please do not try to respond to every Obama supporter!

We are in a crisis so please no crap today it really gets sickening!

First of all we need details about the rescue! Then the money must be repaid with interest.

It is true money and credit is drying up! We need action loans to the banks for their bad paper!

By tcoach

September 30, 2008 11:50 AM | Link to this

So if Obama raises our FDIC insurance and he wants this bailout to go through, exactly how is he going to cut taxes for 47% and still give a check to the other 48%. For all of you hoping he was going to be your finacial cash cow, that cannot happen now. Not to mention that if he only taxes those making over 250,000 where is the money for all the programs going to come from. There are going to be far fewer people making over 250,000 a year after this collapse of leadership by his own party. (Pelosi was telling democrates in tightly contested districts to vote NO yesterday)

If you take away the tax cuts Obama has been promising and those wonderful free checks he was going to give out. What exactly are you excited about?
That is right you do not have an actual answer so I am sure I will hear 4 more of the last 8.

1 problem with the 4 more years thing. Was it not the democratic leaders who wanted to go with the BUSH plan. While it was the republicans who were rejecting the BUSH plan. Sounds like maybe democrates really do want another 4 years of Bush.

By AJC/DNC Management

September 30, 2008 11:54 AM | Link to this

Aahhh, yes, nothing like postcards from the indoctrination center:

Kids Sing for Change Obama

For real, the abortion survivors sing of “their” dear leader, how comforting.

This is sick in ways unimaginable, children of that age should not be worshiping some political leader, but do you really think the libs care about the children?

Or do they just care about their sicko political power?

By ByteMe

September 30, 2008 11:55 AM | Link to this

Taxpayer: the problem is that the interconnectedness of all the financial instruments and organizations is staggering and likely far beyond the comprehension of the average person, and certainly not anything a politician is going to worry about until it becomes a crisis of epic proportions.

Same thing with the Fed debt. No number is too large… until it’s too large and then the finger pointing will start and they’ll do something stupid and rushed to fix the problem.

Faith is for the other guy :-)

By GOPs got to go

September 30, 2008 11:56 AM | Link to this

Well I finally got the nerve up to check my 401 K, HHMMM……. Down 20.6%, I guess early retirement is out of the question now. I currently put 20% of my salary in to the fund every 2 weeks. At least I am getting a break with pre-tax dollars. There is talk of a pension buy out where I work, optional, well I guess that idea won’t hold water any more, of course unless the pension fund is also tied to the trash lending fiasco. Sorry about the bad news for Bosch’s parents and the rest of that generation. My father has 2 pensions, one state and one federal. He has not seemed upset, I try to stay out of that aspect of his business. The editorials at the NY Times were good today. Nothing like following the free market down the drain for principle. Had to love the “coffin on Ronald Reagan’s coffin” quote. Note to Republican self, when in a sh!t hole always invoke the “Gipper’s” name.

By LOLO

September 30, 2008 11:58 AM | Link to this

One look on these message boards everyday reminds me of why the country is going to hell politically and economically. Thanks “progressives”!

By Taxpayer

September 30, 2008 11:58 AM | Link to this

Right back at ya, AmVet.

By RW-(the original)

September 30, 2008 12:01 PM | Link to this

One last post before I head out to stimulate the economy.

McCain is making a good argument for bailout/rescue and it’s effects on Main Street. He’s not using that bogus and bipartisan argument that without easy credit small business won’t be able to meet payroll. I think most people see that argument and instinctively know that if a business beyond the startup mode needs credit to meet payroll it’s only a short matter of time before they’re out of business anyway.

McCain is making the argument that they can’t buy expensive equipment upgrades, remodel, or expand and here’s where even libs can understand trickle down economics. When the businesses can’t get credit to do those things, the suppliers and contractors are out of work too.

See y’all at Happy Hour, but if Jay B is still speed posting it’ll probably be six stories up.

By Felix

September 30, 2008 12:10 PM | Link to this

Is that Gipper or Gypper? I see Obama as MLK,JR., JFK and HST rolled into one. Let’s hope so, but we’ll see.

By Dusty

September 30, 2008 12:13 PM | Link to this

Oh my goodness 11:49 bosch

I followed the comments of bosch about his parents by mentioning mine. So he tells me not to talk about his parents. YOU BROUGHT UP YOUR PARENTS, bosch. I didn’t. Your memory getting a little “short”??

I wouldn’t accuse anyone else of being “retarded” if I were YOU.

COMMON SENSE,11:49

What’sa matter? Afraid to hear from anyone but an Obama supporter? Seems like it.

Please ask Bookman not to write every third piece on Palin. That too gets sickening. Seen the next Bookie subject yet? IT’S PALIN!!!AGAIN!!!

By Paul Williams

September 30, 2008 12:17 PM | Link to this

It is disturbing to see that the posters on this blog seem to have no grasp of the economic crisis that our nation faces; if you read this blog you will see the same garbage repeated day after day, with the only change being the subject of the day.

If you posters are adults, it is frightening to me that your vote counts, when you don’t even have enough maturity to discuss an issue intelligently without name-calling. Neither side is without fault, whether you are calling the Speaker “Pelatio” (cute, but childish) or refuse to address Senator McCain by his name instead of “McBush” or some other condescending nickname.

Most frightening, we have seen our elected representatives dumbing down their behavior to this same level. Frankly, most of you don’t even know what a derivative or a CMO is; you don’t know how a meltdown on Wall Street can lockdown Main Street. You don’t understand the source of the capital that keeps your employer in business (if you work). You don’t understand the nature of our federal deficit in relation to unrecorded federal assets.

I have news for you all, Michael Moore doesn’t know his butt from a hole in the ground, but more of you are likely to soak up his anti-rich rhetoric (and just how wealthy is he?) than to intelligently research the source of this problem. Do you know that the Congress has FORCED banks to make substandard loans under the Community Reinvestment Act? Do you know that Clinton FORCED bad loans on the banks in the name of “home ownership for all”. Do you know what “mark to market” means? BOTH PARTIES have watched this crisis boil up, and now our Congressman are more interested in protecting their political careers than protecting the economy of our nation.

Our federal government is apparently filled with people who are as immature and hate-filled as the people on this blog. There are no statesmen in Washington, and neither Obama nor McCain are really going to change that. May God have mercy on the USA.

By ButtHead

September 30, 2008 12:20 PM | Link to this

Any idiot that believes Obama is the change we need better read this first. http://www.spectator.co.uk/melaniephillips/2178136/subversives-for-obama.thtml

By Swami Dave

September 30, 2008 12:30 PM | Link to this

The situation follows my point from yesterday. Specifically, under our current situation of hyper-partisanship where there are two divergent “world views” which both have approximately equal support, governance and campaigns have devolved from any pretense of solving problems to shouting at your opponent from a distance.

It is frustrating to see the morass into which our leadership has carried themselves.

-Swami Dave

By GaNative

September 30, 2008 1:11 PM | Link to this

Any idiot that thinks McCain is the guy we need in office should take a look at that eye candy he has as his current wife. He cheated and lied to his first wife about Cindy. You think we would have a problem lying to you? This old geezer is addicted to the lap pie more than Clinton. Remember how aweful you thought Clinton was?

By Paul Williams

September 30, 2008 1:19 PM | Link to this

Butthead and GaNative-

Thank you for making my point so quickly- “Agree with me or be an idiot”.

By numnuts

September 30, 2008 3:34 PM | Link to this

What dumasses puts their FAITH in money and government? Sounds like total lack of judgement to me..

By numnuts

September 30, 2008 3:41 PM | Link to this

What!? Lack of Faith!??

But, but.., Democrats have been doing a wonderful job since taking over the majority TWO TEARS AGO. Or at least that’s what Jay has been telling us.

By GOPs got to go

September 30, 2008 4:15 PM | Link to this

So Paul,

Why do I want to start this rebuttal with “Jane, you ignorant $lut”?

I did not realize this blog had an educational requirement of an MBA. I do not think anyone who blogs here claims to have your obvious mental superiority in matters financial. I think the entire idea of the blog is to express opinions, not cure the global economy in an afternoon, say like Paulson.

I have never claimed to be able to begin to converse on the complicated level needed to sort out this mess. I consider myself of above average intelligence but no Einstein. But one thing I can assure you of is my personal financial house is in order, which is more than I can say of Uncle Sam’s house. So does that make me better at Economics than Bush? Who’s to say. I try to live under a common sense “Suzi Orman” mentality that you live with in your means, but that’s just me. Kind of like Bosch’s parents and my parents and many other Americans of both parties.

By the way, you really came across as a self proclaimed smarty pants in your post