The Bear on Sep 30 2008 | Filed under: Political Quote of the Day
“Financial institutions are not being bailed out as a favor to them or their stockholders. In fact, stockholders have come out worse off after some bailouts. The real point is to avoid a major contraction of credit that could cause major downturns in output and employment, ruining millions of people, far beyond the financial institutions [...]
The Bear on Sep 30 2008 | Filed under: Economy
Instead of one gigantic $700 billion dollar bill with each political side trying to add perks for their favorite donor’s maybe Congress should address the real problem here.
You can’t blame the American Public for running scared because our incompetent political class in Washington lacks leadership and not the forth sight to deal with the oblivious. [...]
The Bear on Sep 30 2008 | Filed under: Culture
This is the third option. It’s also a third rail of modern social commentary because, well, it just might spoil our fun. Of course, different groups reckon fun differently. So it’s just a question of what we want to be. Are we to be civilized people whose fun is spoiled by barbarism, or barbarians whose fun is spoiled by civilization?
The Bear on Sep 30 2008 | Filed under: Economy
No need for direct bailouts, no need to warehouse paper, no need to hire geeks to figure it all out, and no instant billionaires who simply gamed the system. Better yet for those up for election, no political complaints since it is the voters themselves who were being bailed out.
The Bear on Sep 30 2008 | Filed under: Economy
The near vaccum of sorts begs the question as to whether the program and its broader legislative parent have been forgotten in the heat of the crisis.
The Bear on Sep 30 2008 | Filed under: Economy
Now that the bubble has burst and the “systemic risk” is apparent to all, Frank blithely declares: “The private sector got us into this mess.” Well, give the congressman points for gall.
The Bear on Sep 30 2008 | Filed under: Election 08’, Polls
According to this poll some Democrats, members of the historical Party of slavery, segregation, and abuse of black people, still seems unable to shake their old traditions. Something needs to be understood here. The AP and Stanford U are divisions of the “Obama for President” campaign.
Their “poll” then, was probably designed, conducted, and reported to [...]
The Bear on Sep 30 2008 | Filed under: Election 08’
http://www.youtube.com/watch?v=D-45A6I-N5I
The Bear on Sep 30 2008 | Filed under: Election 08’
http://www.youtube.com/watch?v=yYEiwR2KklM
The Bear on Sep 29 2008 | Filed under: Economy
The most indicative thing as to why the bailout bill failed to pass is the number of Democrats that voted for this bill…141. Almost a hundred Democrats voted against. (218 needed for passage)
Nancy Pelosi’s Democratic majority did not vote for this bill because calls where coming in to Congress at a rate of 100 to [...]
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