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House Conservatives Introduce ‘Free Market’ Substitute for Bailout
CNSNews ^
| October 01, 2008
| Josiah Ryan
Posted on 10/01/2008 4:37:37 AM PDT by Mr. Mojo
click here to read article
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1
posted on
10/01/2008 4:37:37 AM PDT
by
Mr. Mojo
To: Mr. Mojo
House conservatives?
I thought they had all either died or retired or were voted out.
2
posted on
10/01/2008 4:40:29 AM PDT
by
Joe Boucher
(An enemy of Islam)
To: Mr. Mojo
This is definitely the direction this legislation should be moving. I won't hold my breath for the democRATs to sign on.
3
posted on
10/01/2008 4:45:22 AM PDT
by
The_Victor
(If all I want is a warm feeling, I should just wet my pants.)
To: Mr. Mojo
House Republicans need to get behind one conservative plan - if there is to be a plan at all. Then they need to get McCain to “work across the aisle” and get buy-in from conservative Dems. I am against a “bail out” but think that if we don't produce a plan, the angry mob will demand SOMETHING be done - and we probably won't like anything in their plan.
4
posted on
10/01/2008 4:45:47 AM PDT
by
Heartland Mom
(Those who would give up liberty for temporary safety deserve neither liberty nor safety. - Franklin)
To: Mr. Mojo
Anything that utilizes market forces and includes much-needed reforms is superior to the bailout proposal.
5
posted on
10/01/2008 4:47:24 AM PDT
by
fhayek
To: Joe Boucher
LOL !
House Conservatives....as elusive and rare as leprechaun’s !
Mark to Market is only cure for fiscal woes versus the methods suggested by pandering polidiot’s and presstitute hoes !
...just my opinion of course !
6
posted on
10/01/2008 4:48:56 AM PDT
by
Squantos
(Be polite. Be professional. But have a plan to kill everyone you meet)
To: Mr. Mojo
While I don't know if this will be sufficient enough to stem the tide (it does not make illiquid assets liquid), I like the idea that these mortgages and instruments will be insured at their REAL value. The biggest problem I have with the current plan is that no one knows exactly how much Paulson would be willing to pay on a dollar for these toxic notes. Wall St. will certainly hold out for the best deal. If Paulson is willing to pay 60c on a dollar, while they may only be worth 20c or 30c you can see how Wall St. would be all for this bailout and the taxpayer would be left holding the bag. To say that this bailout will pay for itself defies reality.
7
posted on
10/01/2008 4:49:16 AM PDT
by
RU88
(The false messiah can not change water into wine any more than he can get unity from diversity.)
To: Mr. Mojo
I think I like it. I want to know more. What is H.B number?
8
posted on
10/01/2008 4:50:45 AM PDT
by
WellyP
To: The_Victor
The dems will not sign on to this plan and will let it drag out right up to the election to cause as much political harm as possible to McCain.
9
posted on
10/01/2008 4:50:49 AM PDT
by
Evil Slayer
(Sarah Palin reminds me of the story about David and Goliath)
To: Mr. Mojo
Sources on Capitol Hill told CNSNews.com that at least five other conservatives in the House, including Reps. Bill Sali (R-Idaho), Paul Ryan (R-Wis.), Joe Barton (R-Texas), John Shadegg (R-Ariz.), and Marsha Blackburn (R-Tenn.) are also developing alternative plans to deal with the mortgage crisis Oh, boy. 5 MORE plans?
Sheesh.
To: Evil Slayer
If they can get Paulsen on board and a get a promise from the President that he will veto ANY other proposal before or after the elections then it has a chance. I'm not holding my breath!
11
posted on
10/01/2008 4:54:39 AM PDT
by
WellyP
To: WellyP
12
posted on
10/01/2008 4:54:52 AM PDT
by
Guenevere
(We will NOT collapse.The New World Order WILL collapse.This is our last chance!)
To: Mr. Mojo
If the taxpayers have to take the risk of insuring these loans, there’s really no difference b/w this plan and the Paulsen plan.
This is a bad idea too.
13
posted on
10/01/2008 4:56:02 AM PDT
by
Boiling Pots
(Hey B. Hussein, are you going to prosecute me now?)
To: RU88
“like the idea that these mortgages and instruments will be insured at their REAL value.”
REAL value is subjective and constantly changing. It is whatever someone is willing to pay for the item/commodity/property at the time.
The idea that anything has a fixed and constant value is one of the most destructive myths in the marketplace of ideas.
To: Mr. Mojo
It sounds as though these House conservatives have several good, free-market ideas. Why didn’t Pres. Bush ask for their input before launching Paulson’s spectacular Socialist balloon that was shot down so ignominiously by the House? Could it be because Pres. Bush has never considered conservative economic principles to be important?
To: Mr. Mojo
Those of you who understand this better than I...
What exactly is the Senate suppose to vote on tonight at 9PM?...is it the same bill from Monday, but dressed up in slightly different language?
Also....Can the Senate pass a bill the House rejected/voted NO?
Thanks!....they seem to keep changing the rules/& I'm fed up with their lies.
16
posted on
10/01/2008 4:57:41 AM PDT
by
Guenevere
(We will NOT collapse.The New World Order WILL collapse.This is our last chance!)
To: what's up; Mr. Mojo
Oh, boy. 5 MORE plans?
Sheesh.
Sheesh. Let's not even bother to think of anything that could be done, without delivering us more fully into the hands of a socialist Molech, to fix what ACORN and its buddies in the Democrat Party have done to screw the U.S. over through Freddie and Fannie. Better to just sit back and oppose. Or even better, to sit back and just complain.
17
posted on
10/01/2008 4:57:48 AM PDT
by
aruanan
To: Mr. Mojo
From an economics standpoint, it sounds reasonable - though a huge longshot to be seriously considered and passed.
However, from a political standpoint, it behooves the Republicans in congress to get behind ONE PLAN that is not the socialistic bailout the Dems have, and will continue, to propose.
Let the Dems pass their bill without any Republican help - a bill that is HUGELY unpopular with the electorate, and we can make this election a squeaker. I think that when the American electorate CLEARLY AND UNAMBIGUOUSLY sees one party voting for socialism and the other for free market solutions, the free market will win every time.
18
posted on
10/01/2008 4:59:59 AM PDT
by
StatenIsland
(The '08 Election: It's about the survival of our country, not making a point...)
To: aruanan
Let's not even bother to think of anything that could be done I thought that's what's been happening all week.
To: Mr. Mojo
The mortgages would be insured by the federal government, i.e., tax dollars. Thus, the plan is not pure free market but is more reasonable than an outright federal purchase of the mortgages with tax dollars, suggested Hensarling.No. This is still a misuse and abuse of our tax dollars and exceeds the limits of Congressional intrusion into free markets and private industry as established by the Constitution.
These folks are still putting a prom dress on a pig and calling it the Prom Queen!!
20
posted on
10/01/2008 5:00:47 AM PDT
by
DustyMoment
(FloriDUH - proud inventors of pregnant/hanging chads and judicide!!)
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