HuskyCaucasian

Yes... we are in the midst of the worst economic crisis since the Great Depression... an election that could set the course of America for the next 20 years... and John McCain wants to put everything on hold. Let's delay the election too!

No "Tough" Questions Please:

MSNBC just reported that the Bush administration is accepting the "pay limits" on execs as part of the bailout.

QUOTE (southsider2k5 @ Sep 24, 2008 -> 12:10 PM) How about this for a compromise? The Congress can force the CEOs of bailout companies to return their huge salaries if the polticians involved return all of the money they accepted from these same companies over the years. sounds great to me

http://www.abcnews.go.com/Blotter/story?id...7448&page=1

Wow. I thought he got fired years ago. hmmm...

Buffett Buying $5 Billion Stake In Goldman Sachs This is brilliant. Think about it... when this crisis is over, private companies are going to start buying back the paper the government is about to snatch up. And Goldman Sachs will be in IDEAL position to do that as one of the few "solid" companies remaining. In 3-5 years, this could be gold.

QUOTE (BigSqwert @ Sep 24, 2008 -> 06:38 AM) Campbell Brown last night: :notworthy

This was brought up in the Palin thread a while back I think, but here's some harder reporting on Palin's "time" as Governor. She played hooky. Her attendance record: 15%. That's... like.... 25% lower than McCain's congressional attendance record the last 19 months. McCain / Palin.... "Change is... um.... hello? You coming? Hello? Are you there?? Hmmm.... must have gone home. Well, change was here."

QUOTE (mr_genius @ Sep 23, 2008 -> 03:01 PM) again, do you think the bailout is good? was the SL bailout a good move? did it set a bad precedent? do you want more government oversight? what exactly are you trying to say? Go back and read my post a few pages back. That's pretty much it in a nutshell. $700 Billion is too much and we need LOT more regulation.

QUOTE (mr_genius @ Sep 23, 2008 -> 04:01 PM) ah yes, 4 Democrats and McCain. In which Alan Cranston (D), Dennis DeConcini (D), and Donald Riegle(D) were found to have improperly interfered with investigation of Lincoln Savings and McCain was cleared. not so sure you, a hardcore Democrat, want to get into the blame game on this one ahhh but none of them are running for president right now. What all 5 did was wrong.

QUOTE (mr_genius @ Sep 23, 2008 -> 03:26 PM) There is a precedent, an example would be the S&L bailout. ahhh the Keating Five. interesting

Who's ready to lead? Obama warns of major economic failure back in March of 2007... http://tpmcafe.talkingpointsmemo.com/talk/...ter-to-bern.php

QUOTE (mreye @ Sep 23, 2008 -> 12:14 PM) Charlize Theron is African American...and a very fine one at that. she was on leno last night. yumm

QUOTE (bmags @ Sep 23, 2008 -> 01:38 PM) The very reason the media is so hard on her is because they are keeping her such a secret. This is a presidential race, an important one at that, she is second in line, you can't shield her except for scripted speeches. This is an absolute disgrace. This is a slap in the face to democracy. I pray that McCain does not get away with this and skip into the presidency. The nation will never recover from such a campaign. The media never will either. McCain wont hold press conference, they keep Palin shielded... if I were the MSM, i'd pack up shop and say we have nothing to cover and go home.

$150 billion to start?

McCain Advisers: He wont support Middle East peace-

Palin hasnt had a press conference, they shield her from ALL media and questioning and McCain hasnt held a press conference in 40 days! Talk about running and hiding. The media has its catch phrase: No Talk Express

QUOTE (kapkomet @ Sep 23, 2008 -> 10:24 AM) I do know the point he was trying to make, though... His point was he's an Arab. We fear Arabs. Fear Obama.

http://mediamatters.org/items/200809220015?view=print

The fact that it's from Mad TV immediately makes me realize I am not going to waste my time watching it.

It took me a few hours to think this all out and wrap my head around the bailout. So, here it goes (try your best to follow my ramblings).... In general, I am against bigger government. but I have my exceptions. I think Social Security is important to the American society as a whole... as is universal health care. But I dont want the government running every thing in my life. But, I also favor regulations. On its base, free market capitalism is GREAT. But, it needs a check and balance system... much like the need for checks and balances in government. This has always been a favorite of mine: "A person is smart. People are dumb, panicky dangerous animals and you know it." (Men in Black) I have agreed with that quote since the day I first heard it. I want to maybe re-imagine that quote: "A person is generous. People are greedy, ruthless dangerous animals and you know it." I know that I, myself, wouldn't run a muck with greed because it goes against every fiber of my being. I'm just too much of a "nice guy" to knowingly rip off innocent people. But when it comes to these big businesses, I am highly cynical and distrusting. This especially rings true these big banking systems that make money of giving you money. I truly feel they need significant regulations and checks. But a bailout will do NOTHING if significant checks are not in place. I know there are those who wholly dislike and outright despise regulation, but I think this recent crisis proves a person my be trustworthy and honorable, but too often people are not.

I listen to This Week in Tech, and they started of this weeks podcast by absolutely ripping into the bailout. They normally dont talk about it, but they were very strong on this.

OOPS! Meant Billion, not million.

Something about this bailout always rubbed me the wrong way, but I didnt know why. Well, i guess I found what I was looking for.