Skip to comments.The Battle Lines Are Drawn
Posted on 09/29/2008 4:36:28 PM PDT by ArtThomas
To Bail or Not to Bail - There are as many intelligent people against the bail out as there is for the bail out. So who is right? That my friends is not the issue. The issue is the will of the people, and the will of the people couldnt be any more clearer, the overwhelming majority of the people DO NOT want a bail out.
The Real Battle Should Be Recognized - The real battle should be easily recognized as a battle between the arrogant Congress and the American people. Its a long standing battle between those in Congress who think they have some kind of divine knowledge that makes them right and the rest of America wrong. Its their defiant arrogance that has put the country in the failing state it is currently in.
Vote The Arrogant Out - The bail out has gained national attention and the arrogant defiant ones who have ignored the will of the people can easily be identified. Lets see if Americans are stuck on stupid and reelect these characters.
McCain Missed Another Opportunity - Just think where McCains poll numbers would be today if he had used his common sense and followed the will of the people by soundly declaring he is with the American people and will vote against any bail out of any type. One would think the McCain/Kennedy Amnesty failure would have taught him a lesson about denying the will of the people. McCains motto is Country First and I published a book titled McCain and Palin Country First. It is not country first when you vote against the will of the people. It is not country first, it is defiantly arrogant, unless he thinks he walks on water and can make divine decisions for the good of the country.
My Opinion - McCain will still get my vote, only because Obama would be a disaster for the country. Unfortunately if McCain does win we are likely to see business as usual in that great Congressional Cesspool with McCain reaching across the isle and supporting the arrogant by defying the will of the people. I wonder what Palin thinks of all this nonsense, I bet if it were not for McCains she would have joined the people in firmly denouncing the bail out. Palin listens to the people, McCain needs to clean his ears out.
In the meantime, Congress still has done nothing to address the problem with the Alternative Minimum Tax. I guess they can only handle one slow-moving crisis at a time. Whatever happened to multi-tasking?
A 10% premium, up front, title collateral securing the bond (I’m thinking some of those off-shore assets) and a definite date for repayment—and we’ll reconsider.
John Q. Public
Bailing or not bailing is a major issue. On the one side, if we don’t support the mortgage markets, we run a significant risk of causing a major market meltdown that will rival the Great Depression of ‘29.
By the same token, if we rescue these failed businesses, we are rewarding their CEOs for being so bad at running a business that we had to buy the business and run it ourselves. And, these CEOs still get their golden parachutes and move on to take another business into the tank.
IMO, the fact is that a lot of CEOs are willing to take risks they shouldn’t because the government will come to their rescue. We did it with Lockheed, then we turned around and did it again with Chrysler. Apparently, we learned nothing from these episodes, which is why they are so willing to do it again.
It used to be that the consequence of taking a business into bankruptcy meant that the CEOs lost everything and thousands of people lost their jobs. Today, causing a business to go belly up means that the CEOs still get their golden parachutes and thousands of people become government employees.
Sometimes, failure is an opportunity to start over and learn a few lessons. The lesson we are learning from the Wall St. meltdown is that the CEOs will go on to ruin another company and the American taxpayers will see their tax dollars being abused by elected, pandering vote-buyers who have siphoned off funds paid to the government so that wealthy, crappy business people can collect their multi-million dollar severances and move on.
And, the people who work at these businesses face job losses, uncertainty, pay cuts and having to give up their kids’ college fund so that the money can be handed over to lousy business people.
For their largesse, the taxpayers will receive a small bag of screws from the government, representing what our hard work and confiscated tax dollars have bought us.
Until the people at the top are made to feel the pain that they have handed to the people who worked for them, a bailout will only prop up badly run businesses. It won’t change the behaviors that have led us to this point.
IMO, we don’t bailout ANYTHING until we have confiscated every dollar and every item of value (to recoup as much money as possible) from the CEO and EVERY member of the Board of Directors who didn’t stop things when they had the chance.
It’s past time for them to re-learn the principles of responsibility!!
Well said, I agree 100%
Welcome to FR.
We are being deluged with vanities from newcomers such as yourself, it’s not the way we operate. If you would like to see what a forum looks like when everyone posts their vanity of the day go to DU, it’ not pretty.
Your opinions could be easily expressed in various threads and will likely be more widely read than your vanity. I’m not singling you out, this goes for ALL YOU NEWBIES out there.
Please share your genius in various threads newbies, so we all can enjoy it. ; )
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