[misterrob]

The European banks are melting down and the world stock indices are down as well. Why? Because our financial house is out of order and we are sparking a global recession. There is no confidence in our banking system and don’t think it isn’t going to hurt us. There has to be action.

Bush screwed up by letting Paulson run with this plan. It was terrible. The Republicans got it closer to reasonable but they had too far to go at the outset. They sold the problem badly and now no one believes that there is a serious problem coming our way.

McCain blew it by not playing a more active role and standing up for a better solution.

[pissant]

I’ll accept the meltdown over turning our country into a socialist one. We’ll recover quickly from a collapse of poorly managed investment houses and banks. We’ll never recover from socialism.

[machogirl]

i agree with you about bush. he has been somewhat of an engima lately. i don’t understand where he’s been the last 3 years.

[PhilDragoo]

misterrob

Bush screwed up by letting Paulson run with this plan. It was terrible. The Republicans got it closer to reasonable but they had too far to go at the outset. They sold the problem badly and now no one believes that there is a serious problem coming our way.

McCain blew it by not playing a more active role and standing up for a better solution.

pissant

First, multiple shaky investment houses and banks collapse is not doing nothing. It is allowing the BEST scenario in a capitalist market place.

If you CHOOSE to ‘do something’, the worst thing you can do is to perform a bailout that adds regulations that are sideways. For starters, they should repeal the ridiculous regulations that forced banks into accepting these subprime loans. 2nd, they should not give the morons on the congressional committees more clout, they are the ones responsible for the mess to start with.

So doing something useful would be to kill off the ridiculous social engineering regulations, cut the capital gains and the corporate income tax, LEND the hurting institutions up to a few billion with full repayment required, and tweak the chapter 11 laws to assist in a quicker return to solvency, and provide a temporary larger tax credit to homeowners. Couple this with greasing the skids for banks to renegotiate with owners for new mortages based on fallen property values and it won’t even be close to a crisis. Shore up the feds monetary policy and all will be forgotten in a short order.

~~~

Reference has been made here to Harriet Meiers. Also to the Comprehensive Immigration Reform Act.

When our leaders fail, we set them back on the right course.

I am still attracted to the suspension of capital gains and corporate taxes, other non-Santa-Claus measures.

I desperately, vehemently, angrily want John McCain to bring up his S. 190--and the lies told to block attempts to prevent the current catastrophe by Raines, Frank, Waters, Gorelick, Johnson, Schumer et al.

In the video from KOOK11 McCain says "blame can be discussed another time"--

Those of us familiar with "my good friend" know that "another time" NEVER COMES--

Do we not sense Shakespeare here:

There is a tide in the affairs of men
which, taken at the flood,
leads on to fortune;
Omitted, all the voyage of their life
Is bound in shallows and in miseries"

So somebody give our candidate the Heimlich Maneuver to clear his blockage so he can name names--

Then when his foot heals from shooting it, he can kick Barney Frank's ass.