I like Rush best when he is a little sleep deprived like he said he was today . He spoke of “Barnes and Rangel†like a PR team . LMAO
Well aren’t we all happy knowing that the democrats have near total regulatory control over America’s financial institutions? [/sarc]
People worrying about ACORN don’t have to worry any more, the money will get funneled to them in huge amounts.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
I heard Krauthammer today say that mental illness coverage will now be included in any health insurance, whether it is paid by the employer or emplpoyee, and will cost billions! Thank you United Socialist States of America Senate!
How’s that “rescue” working out for ya Fred?
Every now and again a talking head will say something so revealing that all their subsequent opinions are worthless, even if they might be right. Fred Barnes is a myopic idiot who no longer is worth paying any attention to.
Maybe the Republicans should make more noise about regulating the media outlets via the FCC etc. See if that gets attention from these economically-illiterate morons.
BARNES: I think their arguments are idiotic and myopic. It is as if they are operating from some ideology that says we cannot interfere with the free market by having the government do more.
But, look, Ronald Reagan would do this. Alexander Hamilton did it. When you have an economic, when you have a financial crisis that threatens to blow up the economy and put America in a deep recession or worse, that’s when government is supposed to act.
If you’re a libertarian and you don’t believe in government, that’s something. But those Republicans are not libertarians. They’re just nuts.
******************
They ARE nuts. At THIS time they are nuts. Fred is right. They are not nuts for not wanting to do the package. No not at all. What true conservative WANTED the rescue?. Not one. But there was no choice.
I read all kinds of whining about the tightening credit situation, but the problem is that credit needs to be tightened. There are hundreds of thousands of people out there who have no business borrowing, but have been extended credit. The extension of credit to deadbeats is the root cause of this financial situation.
And despite all the whining by the political left (including Bush) and their media allies, I haven't seen or heard from anybody that has had any trouble borrowing money. The evidence really isn't/wasn't there. The media's bleatings are not unlike the cries about global warming - high in volume and low on facts.
I've been a federal income taxpayer since 1978. I've watched socialism grow. I've watched my taxes grow at a rate far exceeding the rate of income growth. I survived the Carter days. I enjoyed the Reagan days. I watched the first 2 years of Clinton's presidency before the Republicans took control of an excessively liberal congress. I watched the Republicans waste majorities in the House and Senate while they held the presidency. What I have NOT seen is any progress towards a more free, more individualized, less socialist society.
This bailout is the last straw - I'm no longer being robbed simply to carry the poor deadwood. I'm now being called on to carry the wealthy deadwood as well. This cannot stand.
What was needed was an end to all the programs that caused this problem in the first place. And some major arrests of several members of the congress. But none of that happened - all we get is more socialism and another taxpayer-funded bailout.
All the freakin’ FREEPERS who opposed Paulson are obtuse fruit cakes and nuts!
Maybe Fred (jackass) Barnes will change his tune now that they’re already calling for another bailout.
Makes me glad I stopped watching that tabloid network years ago.
This comment from Hume is revealing as well:
HUME: Yes, but why, in a situation like this, why should it be necessary for these members of Congress who, after all, hold hearings, they’re supposed to be informed, they’re supposed to read and know what is going on in the country, to have to be sold on something this major in this serious of a situation?
FOX is no haven for freedom.
Give me your thoughts on the quality of their arguments.” Fred Barnes: “I think their arguments are idiotic and myopic.>>>>>>>>>>>>>>>>>>>>>
Fred Barnes will eat these words in about 5 weeks or less.
Why?
Throwing 700 billion into a bank credit crisis driven by sub prime mortgage paper accomplishes nothing but frenzy at the feeding trough of bank take overs , buy outs and mergers. Not a clue has Fred.
I would recommend Fred to read this International Monetary Fund sponsored research on the Japan Banking Crisis caused by sub prime mortrgage lending.
“Japan’s Banking Crisis: Lessons Learned”
http://www.imf.org/external/pubs/ft/wp/2000/wp0007.pdf
They too had a liquidity problem. They too threw money at it. They went from 20 national banks in 1990 to 4 national banks in 2000.
And guess what Fred?
The same will happen here.
And the recession? Well Japan’s lasted for ten years. Ours will last at least 3 to 5.
Ignorance is bliss Fred. The Republicans who voted “NO” all knew that this crisis couldn’t be solved by throwing money at it.
Senator Rick Shelby of Alabama, is a hero in my book.Too bad he didn’t have Paulson’s job.We would be out of this mess in a year or so.
There is no money. There is no Santa Claus. Humpty Dumpty ain't goin' back together again.
It's all a house of cards and it's collapsing.
Hey, at least Patrick Murphy, the “Scumbag Kid”, was able to get his own legislation attached to the “bailout” pork barrel. Murphy’s slab of pork will require taxpayers (people who pay for their OWN health insurance) to supply prozac and pay for therapy time with “analysts” every time some Democrat parasite decides he or she is depressed.
That kid is MY congresscritter. Send money to Tom Manion. Please.