Posted on 11/14/2008 9:25:52 AM PST by Dubya-M-DeesWent2SyriaStupid!
...the best chance for conservative principles to prevail was to follow the conservative principles embodied in the 2008 Republican platform.
Now that Treasury Secretary Henry Paulson has essentially admitted that his Wall Street bailout plan isn’t working, it’s worthwhile to examine the fawning media coverage he received when he pressured President Bush and Congress into approving it. “This former investment banker may be the right man at the right time,” was one of the headlines over a gushing September 29 Newsweek article by Daniel Gross. Among his attributes, we were told, Paulson was an Eagle Scout.
But as an Eagle Scout myself, I seem to remember that the Boy Scout motto was “Be prepared.” Paulson seems not to be prepared for anything.
As Michelle Malkin, who was opposed to the bailout, puts it in her new column: “The man doesn’t know what the hell he’s doing.”
In a separate Newsweek article in the same issue, Fareed Zakaria said, “In Paulson, America is extremely fortunate to have a man of tremendous intelligence, drive and pragmatism, who will engage in ‘bold and persistent experimentation’ until the job is done.” The article was headlined “Big Government to the Rescue.”
In retrospect, the phrase “persistent experimentation” apparently means making mistake after mistake and not being held accountable for them.
Making Paulson out to be the boy next door, Newsweek included a series of photos apparently taken from the Paulson family album. There was a photo of Paulson as a “college football star,” a photo of the “nature-loving Paulson” holding a hawk, a photo of Paulson on a kayak, and so on.
(Excerpt) Read more at aim.org ...
No guidelines
Banks want to keep stock up pays dividends with OUR TAX MONEY.
Financially, we have been under a “global government” for a long time. It is just that our “government” does not like to discuss the reality of who really own the debt of America....and what it is costing us financially, and politically.
Yes he did, he saved his own retirement, after that new game, wonder what the fool will try tomorrow.
Frank, I believe you are going to get your wish.
The other economic system allows a central authority of bureaucrats to make decisions. Planning out an economy that chooses who should win and who should lose, this economic system has failed every time it's been tried.
But ... you know ... Paulson is such a smart guy ... ummmm ... maybe he can get it to work ... this time ...
GWB demanding immediate 700B with no strings attached in 2008 reminded me of his demanding immediate authority to invade Iraq in 2002 with no strings attached. Short term the 2002 Iraq vote hurt democrats (gaining republican GWB groupies ) but long term hurt Republicans anyway. The 2008 bailout vote KILLED republicans, the final kill of his presidency. In both cases GWB needed congress to act immediately or be responsible for catastrophic consequences, no time for hearings, or extended debates, or even reading the bills. This really struck a nerve in me, and he killed McCain's chances (+McCain showed no leadership on this) and many republicans up for election.
There is a meeting with the EU today to discuss just this very thing- Bush is resisting a global banking system, or oversight committies by hte EU but you can bet your bottom dollar that Obama will go for it because he doesn’t want to ‘look bad’ in the world’s eyes.
They are selling a Barack Obama commemerative gold coin which they are advertising on Fox channel of all places, and in the advertisement it states that now that Barack Obama is president, we are now apparently seen by the world as the ‘great nation’ that we ‘once were’- Apparently, in their eyes, America lost their greatness under Republican rule- but I ask who the heck cares what the world thinks? We HAVE ALWAYS BEEN one hte greatest nations on earth, and we were ALWAYS the greatest nation on earth precisely because our brave soldiers fought to keep this country great regardless of what those nations whop have ALWAYS hated us thought- Barack is poised to undo our greatness simply for hte sake of world popularity.
I can’t beleive Fox news channel has sold htemselves out to run that despicable ad
GBW ‘demanded an immediate invasion’? Hmmmm- seems to me that I remember the WHOLE world practically agreeing that Saddam was a threat that NEEDED to be taken out IMMEDIATELY! I also remember practically EVERY democrat, who had the very same intel as President Bush had AGREEING that Saddam was a threat, a hitler, that was brutalizing his own citizens and NEEDED to be taken out IMMEDIATELY!
You know- there were 23 reasons why the WORLD went to war agaisnt Saddam- and only ONE of those reasons included WMD’s which EVERY nation practically agreed that he had- you are forgetting that htere were 22 OTHER completely valid and pressing reasons why we went to war along with other nations agaisnt Saddam-
I’m getting sick of people brushing off these facts and making false accusations against President Bush.
Was the completely valid and necessary war fought right? No- there were mistakes- BUT you show me ANY war that was fought 100% right without mistakes- there weren’t any!
President Bush didn’t kill the Republicans- The Republicans and the DO NOTHING democratic congress killed the GOP, and people got entirely sick and tired of the DO NOTHING congress, and the MSM brainwashed the masses into believing problems were created by the GOP which they were NOT-
3 issues won the election for Barack 1: America felt they needed to pay for their past sins of slavery, 2: The people wanted theirm other- NOT a President- they want big government to mother them! and 3: The MSM brainwashed the masses- plain and simple! The MSM won this election for Barack because Barack had political NO qualifications to win on his own- Don’t blame this loss on Republicans! The people wanted a Momma government- they wanted the government to stick it to hte rich and to take the rich’s money and give it to the poor- the public wants government to coddle them and cradle them and to pay all their bills for them-
I’m getting sick of people brushing off these facts and making false accusations against President Bush.
Was the completely valid and necessary war fought right? No- there were mistakes- BUT you show me ANY war that was fought 100% right without mistakes- there weren’t any!
Well put.
There are things Bush has done wrong, but the WoT is not among them.
“You know- there were 23 reasons why the WORLD went to war agaisnt Saddam- and only ONE of those reasons included WMD’s which EVERY nation practically agreed that he had- you are forgetting that htere were 22 OTHER completely valid and pressing reasons why we went to war along with other nations agaisnt Saddam-”
In this vein, I see his biggest mistake as his failure to communicate what you just said to the American people.
Yes, he did some things I liked, Alito and Roberts being my favorite, but so much crap. Complete destruction of party. Term ‘conservative’ is considered an ‘insult’.
FROM NATIONAL REVIEW (DO YOU NEED MORE REFERENCES??)
http://www.freerepublic.com/focus/news/2129377/posts?page=17#17
Yup. He seems to have this masochistic idea that people's anger at him, even when he's right, should remain unanswered.
That's all well and good, if he wants to do that personally. But when you're the POTUS, and the leader of your party, then a lot of other people get splashed with the same anger, and they don't have a loud enough voice to defend against it!
Political correctness has been accepted.
The Bretton Woods Conference, 1944
The Bretton Woods Conference, officially known as the United Nations Monetary and Financial Conference, was a gathering of delegates from 44 nations that met from July 1 to 22, 1944 in Bretton Woods, New Hampshire, to agree upon a series of new rules for the post-WWII international monetary system. The two major accomplishments of the conference were the creation of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD).
The lessons taken by U.S. policymakers from the interwar period informed the institutions created at the conference. Officials such as President Franklin D. Roosevelt and Secretary of State Cordell Hull were adherents of the Wilsonian belief that free trade not only promoted international prosperity, but also international peace. The experience of the 1930s certainly suggested as much. The policies adopted by governments to combat the Great Depression – high tariff barriers, competitive currency devaluations, discriminatory trading blocs – had contributed to creating an unstable international environment without improving the economic situation. This experience led international leaders to conclude that economic cooperation was the only way to achieve both peace and prosperity, at home and abroad.
The first articulation of this vision was included in the Atlantic Charter issued by Roosevelt and British Prime Minister Winston Churchill at the Atlantic Conference of August 1941. The Charter’s fourth point committed the United States and Great Britain “to further the enjoyment by all States…of access, on equal terms, to the trade and to the raw materials of the world which are needed for their economic prosperity.” The fifth point expressed a commitment to “the fullest collaboration between all nations in the economic field with the object of securing, for all, improved labor standards, economic advancement and social security.” Great Britain and the United States elaborated on these principles the following year during the negotiations concerning the terms under which the United Kingdom would receive lend-lease assistance from the United States. Britain agreed to join in promoting international cooperation that would expand “production, employment, and the exchange and consumption of goods” and would reduce tariffs and other trade barriers. Washington and London also agreed to begin talks aimed at achieving these international economic goals.
By February 1942, officials in both countries had already begun laying more concrete plans for international economic stability in the postwar world. Harry Dexter White, Special Assistant to the U.S. Secretary of the Treasury, and John Maynard Keynes, an advisor to the British Treasury, independently drafted plans for organizations that would provide financial assistance to countries experiencing short-term deficits in their balance of payments. This assistance would help ensure that such countries would not adopt protectionist or predatory trade and monetary policies to improve their balance of payments position. Both plans envisioned a world of fixed exchange rates, believed to be more conducive to the expansion of world trade than floating exchange rates.
Although similar in purpose, the organizations proposed by Keynes and White differed in size, philosophy, and function. From 1942 until the spring of 1944, numerous bilateral and multilateral meetings of allied financial experts were held in an effort to agree upon a common approach. Finally, on April 21, 1944, allied leaders released a “Joint Statement by Experts on the Establishment of an International Monetary Fund.” This statement provided the basis for the negotiations at Bretton Woods. After a preliminary conference in Atlantic City in mid-June 1944, the Bretton Woods Conference convened on July 1. Three weeks of discussion later, the delegates signed the Final Act of the United Nations Monetary and Financial Conference, which included charters outlining the aims and mechanisms of both the IMF and IBRD.
The IMF was charged with the maintenance of a system of fixed exchange rates centered on the U.S. dollar and gold. A forum for consultation and cooperation, the organization would contribute to orderly international monetary relations and the expansion of world trade by providing short-term financial assistance to countries experiencing temporary deficits in their balance of payments; balance of payments deficits attributable to more long-term structural factors could be addressed through modification of a country’s exchange rate. The IBRD, meanwhile, was responsible for providing financial assistance for the reconstruction of war-ravaged nations and the economic development of less developed countries.
In July 1945, Congress passed the Bretton Woods Agreements Act, authorizing U.S. entry into the IMF and IBRD. The two organizations officially came into existence on December 27, 1945. The fixed exchange rate regime established at Bretton Woods endured for the better part of three decades; only after the dollar exchange crises of August 1971 (when President Richard Nixon suspended the dollar’s convertibility into gold) and February/March 1973 did floating exchange rates become the norm for the currencies of the major industrialized nations.
http://www.state.gov/r/pa/ho/time/wwii/98681.htm
1: When did he EVER say ‘Trust me?”
Only a few hardcore antiBush people STILL make such false accusations
2: We were NEVER losing- sorry fella- but although things weren’t exactly rosey- NO war is- We were ALWAYS the superior military presence-
3: I will agree with
4: Not sure how you came to that conclusion?
5: I guess you are privey to all the inner workings of the government- BTW it was the DEMOCRATS who screamed for ‘rights for illegals’ - might wanna check your facts on that- President Bush may very well have had to choose hte lesser of 2 evils on this issue thanks to the never ending srtalling and opposition to his policies
6: Tell me libs- Who CAUSED the financial meltdown in the first place? Hint: CARTER and CLINTON who FORCED the banks to loan to people they KNEW were goign to default- Are you seriously stating President Bush is to blame for htis? Lol!
7: Check you facts- although the stimulus only helped for a period- it DID help- the financial crisis again is due to Carter and Clinton!
8: Lol- You’re blaming Pelosi, Reid’s insanity on President Bush? Wow- you are a bitter person!
Ever wonder why people on Wall Street turn out to be Democrats so often? They have “The Fatal Conceit” Hayek warned us about. The Masters of the Universe think they can predict and plan things that are just beyond us mortals.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.