A breathtaking assessment if I do say so, Jim...
Great analysis in a nutshell, Jim. Do you have a longer version of this that Americans for Limited Government can send out to the media nationwide in our Daily Editorialist and Broadcast NewsReal feeds?
The earmark for ACORN is just a small indicator of how much of a screwing they’re going to give the taxpayers.
Hey I trust them..... See this big brown stain on my boot.....
W has never liked Wall Street or the financial sector. If somebody has convinced him that this is extremely serious and the government needs to fix it, then it almost surely is.
My mother was called stupid by some for raiding her 401K to pay off her house this spring. She’s not looking so stupid now.
You are absolutely right, sir.
What I want to see made clear and undeniable (and public) is just WHO it was that did this and WHO it is that is trying to cover their own butts with the taxpayer’s money.
Perfect summary. What a crock.
Time to cut off the funds and let’em die.
Other, real banks and businesses, will be there to pick up the ball, and no money will go to ACORN.
All those mortgages! The socialists have succeeded in nationalizing the housing industry. Now they will own all that private property.
Well, if the government owns the property, it is no longer private.
Socialists hate private property. Now they are buying up individual homes. With people living in them!!!
yitbos
Not if we can help it, they won’t.
Many of us have mobilized and sent 1000’s of emails and made hundreds of phone calls and blogged our butts off for the last three days.
I haven’t done any work all week. I email, I call, I monitor FR, various news and other sites. That’s it. I’ve lost too much already to just take this lying down.
FR Keyword: moneylist
This can be a high-volume ping list at times.
To join, send Freepmail to rabscuttle385.
I am so tired of all this blaming - it happened on the Republicans watch, Clinton signed the bill Phil Gramm drafted, etc, etc, etc.
The real culprits are the looters in Wall Street that artificially inflated their profits, and by extension their own compensation, with questionable investments, irresponsible leverage and looking the other way on fradulent loan origination.
Any bill I would support would have to include limits on executive compensation for any company that accepts a bailout, investigations into fraud, and civil penalties on any executives that mis-managed the money in their trust.
For the latter I am thinking they can adopt a resonable investor rule - would a reasonable investor have made this decision. Most of these crooks couldn't pass that standard.
They have seen the Paulson plan for exactly what it is, an attempt to slap on a quick coat of paint and keep the "pretend" economy - the asset bubble economy - running for a couple more years.
And they will rise to the occasion. I could not call myself a conservative if I thought anything else.
If McCain can make this his mission, and stick to it without compromise, he will not only be elected, he'll be on Mount Rushmore.
And I say this as someone who has been anti-McCain for almost a decade.
Senator McCain, Senate and House Republicans, and Freepers - don't be afraid to tell Americans the whole truth.
Incidentally, one of the lowest rings of Hell, as seen by the Soviet Communists, was occupied by parasitic Wall Street speculators, and it turns out there might have been some truth to it, after all.
How did the 401K s get into the mix?
This whole thing stinks. How about seizing the assets of the robber barons who caused this mess? How about calling the pikers in congress on the the carpet who insisted that we give loans to poor minorities? How about outing all of those who took thousands of dollars from FannieFreddie, whatever the hell that even means anymore, to look the other way? I’m angry. I haven’t been posting much lately, but this is really getting my goat.
Where is my bailout? Where is my neighbor’s bailout? We all have bills. My oil bill this winter is going to be sky high. My electric bill is through the roof. I’m tired of hearing “the alternative is worse”. Screw all the Wallstreeters and speculators. I say let them get ttheir comeuppance. I’ve had it. And George Bush can go to hell, too. I voted for him twice, and I’m tired of hearing him. Why didn’t he fight harder years ago when something could have been done?
I fold,I may go all in later.
A tongue in cheek alternate financial bailout plan conceived by a person or persons unkown:
“Morning Everyone,
I’m against the $85,000,000, 000.00 bailout of AIG.
Instead, I’m in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.
To make the math simple, let’s assume there are
200,000,000 bonafide U. S. Citizens 18+.
Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up..
So divide 200 million adults 18+ into $85 billon that equals $425,000.00.
My plan is to give $425,000 00 to every person 18+ as a
We Deserve It Dividend.
Of course, it would NOT be tax-free.
So let’s assume a tax rate of 30%.
Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000, 000 right back to Uncle Sam.
But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000 .00.
What would you do with $297,500.00 to $595,000.00 + in your family?
Pay off your mortgage - housing crisis solved.
Repay college loans - what a great boost to new grads
Put away money for college - it’ll be there
Save in a bank - create money to loan to entrepreneurs.
Buy a new car - create jobs
Invest in the market - capital drives growth
Pay for your parent’s medical insurance - health care improves
Enable Deadbeat Dads to come clean - or else
Remember this is for every adult U S Citizen 18+ including the folks
who lost their jobs at Lehman Brothers and every other company
that is cutting back. And of course, for those serving in our Armed Forces.
If we’re going to re-distribute wealth let’s really do it... instead of trickling out
a puny $1000.00 ( ‘vote buy’ ) economic incentive that is being proposed by one of our candidates for President.
If we’re going to do an $85 billion bailout, let’s bail out every adult U S Citizen 18+!
As for AIG - liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it up.
Here’s my rationale. We deserve it and AIG doesn’t.
Sure it’s a crazy idea that can ‘never work.’
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion
We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC.
And remember, The Family plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
Ahhh... I feel so much better getting that off my chest.
Kindest personal regards,
A Creative Guy & Citizen of the Republic.
PS: Feel free to pass this along to your pals as it’s good for a laugh “