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  4. A market reply to the mortgage bailout

A market reply to the mortgage bailout

Scheduled Pinned Locked Moved The Back Room
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  • R Rob Graham

    Yup. And they've both lost my vote next time.

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    Oakman
    wrote on last edited by
    #8

    I may be the only person who noticed that Santorelli waved his hand around at the floor of the NY stock exchange and said, "This is America!!!" I agree with a lot of what he said - but pmfl when I think of stock traders being labeled as representative of America. I lived for awhile in Fairlawn, NJ which is where a lot of those guys go home to. They are as representative of America as is Cricket or Pate de Fois Gras.

    Jon Smith & Wesson: The original point and click interface Algoraphobia: An exaggerated fear of the outside world rooted in the belief that one might spontaneously combust due to global warming.

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    • M Mike Gaskey

      The video says it all.[^] Even though I say the video says it all, can't help myself. We're becoming a nation of weak, weak people that believes it is only right that the government fix our every problem. I'm thrilled to see this abomination ridiculed.

      Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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      John Carson
      wrote on last edited by
      #9

      Mike Gaskey wrote:

      The video says it all.[^] Even though I say the video says it all, can't help myself. We're becoming a nation of weak, weak people that believes it is only right that the government fix our every problem. I'm thrilled to see this abomination ridiculed.

      And the same crowd has been opposed to all the Wall Street bailouts? Talk about a bunch of hypocrites. Robert Gibbs replies. http://www.huffingtonpost.com/2009/02/20/gibbs-v-santelli-he-shoul_n_168645.html[^]

      John Carson

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      • J John Carson

        Mike Gaskey wrote:

        The video says it all.[^] Even though I say the video says it all, can't help myself. We're becoming a nation of weak, weak people that believes it is only right that the government fix our every problem. I'm thrilled to see this abomination ridiculed.

        And the same crowd has been opposed to all the Wall Street bailouts? Talk about a bunch of hypocrites. Robert Gibbs replies. http://www.huffingtonpost.com/2009/02/20/gibbs-v-santelli-he-shoul_n_168645.html[^]

        John Carson

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        Mike Gaskey
        wrote on last edited by
        #10

        John, gee thanks for the link but I watched the press briefing. Gibbs a silly little man working for an empty suit and Santelli's response is what every American who lives responsibly thinks.

        Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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        • M Mike Gaskey

          John, gee thanks for the link but I watched the press briefing. Gibbs a silly little man working for an empty suit and Santelli's response is what every American who lives responsibly thinks.

          Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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          MrPlankton
          wrote on last edited by
          #11

          Mike Gaskey wrote:

          American who lives responsibly

          The qualification makes all the differance. However, 'Americans who (do not) live responsibly' also have the vote. * A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy 1951 editorial in The Daily Oklahoman

          MrPlankton
          The Second Amendment, the Reset Button on the Constitution --- He that lives upon hope will die fasting. Benjamin Franklin

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          • M MrPlankton

            Mike Gaskey wrote:

            American who lives responsibly

            The qualification makes all the differance. However, 'Americans who (do not) live responsibly' also have the vote. * A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy 1951 editorial in The Daily Oklahoman

            MrPlankton
            The Second Amendment, the Reset Button on the Constitution --- He that lives upon hope will die fasting. Benjamin Franklin

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            Oakman
            wrote on last edited by
            #12

            MrPlankton wrote:

            1951 editorial in The Daily Oklahoman

            But what they may not have anticipated back then that the government would try to stave off the collapse by printing more and more money. They had a saying then: "sound as a dollar." Debasing our currency has worked to leep the lid on to some extent, but any time you don't provide an outlet for pressure, it just keep building. . . .

            Jon Smith & Wesson: The original point and click interface Algoraphobia: An exaggerated fear of the outside world rooted in the belief that one might spontaneously combust due to global warming.

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            • M MrPlankton

              Mike Gaskey wrote:

              American who lives responsibly

              The qualification makes all the differance. However, 'Americans who (do not) live responsibly' also have the vote. * A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy 1951 editorial in The Daily Oklahoman

              MrPlankton
              The Second Amendment, the Reset Button on the Constitution --- He that lives upon hope will die fasting. Benjamin Franklin

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              BoneSoft
              wrote on last edited by
              #13

              Great quote. I posted it a couple months ago, and our good buddy John Carson (pretty sure it was him) preceded to tell me how it had been debunked or discredited somehow (no examples followed though as I recall). It's bothered me for a long time how when you ask people what they are voting for, most are only interested in "what do I get", not "what's good for the country". I even remember seeing somebody from this very forum advising somebody who hadn't decided who to vote for to use that same criteria. And this election was decided that way beyond any doubt. Some previous elections may have largely been decided that way before, but none quite so obviously as this last one.


              Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

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              • B BoneSoft

                Great quote. I posted it a couple months ago, and our good buddy John Carson (pretty sure it was him) preceded to tell me how it had been debunked or discredited somehow (no examples followed though as I recall). It's bothered me for a long time how when you ask people what they are voting for, most are only interested in "what do I get", not "what's good for the country". I even remember seeing somebody from this very forum advising somebody who hadn't decided who to vote for to use that same criteria. And this election was decided that way beyond any doubt. Some previous elections may have largely been decided that way before, but none quite so obviously as this last one.


                Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

                M Offline
                M Offline
                MrPlankton
                wrote on last edited by
                #14

                I tried to find the source of the quote. The latest 'official' print was from Oklahoma paper, but it was also attributed to some French guy writing about the American revolution. I saw some references that attributed it to Ben Franklin. I saw one reference that it was a quote from an Athenian politician a bazillion years ago. I'm not really 100% sure who the original author is... But I like it too. Should be taught in schools as a sirens song against what could (is) happening.

                MrPlankton
                The Second Amendment, the Reset Button on the Constitution --- He that lives upon hope will die fasting. Benjamin Franklin

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                • M MrPlankton

                  I tried to find the source of the quote. The latest 'official' print was from Oklahoma paper, but it was also attributed to some French guy writing about the American revolution. I saw some references that attributed it to Ben Franklin. I saw one reference that it was a quote from an Athenian politician a bazillion years ago. I'm not really 100% sure who the original author is... But I like it too. Should be taught in schools as a sirens song against what could (is) happening.

                  MrPlankton
                  The Second Amendment, the Reset Button on the Constitution --- He that lives upon hope will die fasting. Benjamin Franklin

                  B Offline
                  B Offline
                  BoneSoft
                  wrote on last edited by
                  #15

                  I don't remember who I saw it attributed to, but it was a name I wasn't familiar with. But in the end, it doesn't matter to me if Hitler or Uncle Bob said it, they are wise words.

                  MrPlankton wrote:

                  Should be taught in schools as a sirens song against what could (is) happening.

                  They should teach something in schools for that purpose.


                  Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

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                  • B BoneSoft

                    Great quote. I posted it a couple months ago, and our good buddy John Carson (pretty sure it was him) preceded to tell me how it had been debunked or discredited somehow (no examples followed though as I recall). It's bothered me for a long time how when you ask people what they are voting for, most are only interested in "what do I get", not "what's good for the country". I even remember seeing somebody from this very forum advising somebody who hadn't decided who to vote for to use that same criteria. And this election was decided that way beyond any doubt. Some previous elections may have largely been decided that way before, but none quite so obviously as this last one.


                    Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

                    O Offline
                    O Offline
                    Oakman
                    wrote on last edited by
                    #16

                    BoneSoft wrote:

                    I posted it a couple months ago, and our good buddy John Carson (pretty sure it was him) preceded to tell me how it had been debunked or discredited somehow (no examples followed though as I recall).

                    Unfortunately, John was correct. Snopes.com has it down as a mostly false urban legend. [^] That doesn't mean it doesn't express a truth, just that its antiquity is very suspect.

                    Jon Smith & Wesson: The original point and click interface Algoraphobia: An exaggerated fear of the outside world rooted in the belief that one might spontaneously combust due to global warming.

                    1 Reply Last reply
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                    • J John Carson

                      Mike Gaskey wrote:

                      The video says it all.[^] Even though I say the video says it all, can't help myself. We're becoming a nation of weak, weak people that believes it is only right that the government fix our every problem. I'm thrilled to see this abomination ridiculed.

                      And the same crowd has been opposed to all the Wall Street bailouts? Talk about a bunch of hypocrites. Robert Gibbs replies. http://www.huffingtonpost.com/2009/02/20/gibbs-v-santelli-he-shoul_n_168645.html[^]

                      John Carson

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                      O Offline
                      Oakman
                      wrote on last edited by
                      #17

                      John Carson wrote:

                      Robert Gibbs replies.

                      '"If I hadn't worked on the campaign but simply watch the cable news scorekeeping of the campaign, we lost virtually every day of the race," he said. "If I would have just watched cable TV, I long would have crawled into a hole and given up this whole prospect of changing the country."' One of the things that is beginning to concern me about the White House and its staff is that they seem to be still campaigning for the Presidency rather than doing the job. I liked Mr. Gibbs when he was comm director for Obama's campaign - and he was always very polite to cable news people back then - but in his new role, he shouldn't spend quite so much time reliving what happened four or five months ago and more time focussed on the parlous state of the union today.

                      Jon Smith & Wesson: The original point and click interface Algoraphobia: An exaggerated fear of the outside world rooted in the belief that one might spontaneously combust due to global warming.

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                      • O Oakman

                        John Carson wrote:

                        Robert Gibbs replies.

                        '"If I hadn't worked on the campaign but simply watch the cable news scorekeeping of the campaign, we lost virtually every day of the race," he said. "If I would have just watched cable TV, I long would have crawled into a hole and given up this whole prospect of changing the country."' One of the things that is beginning to concern me about the White House and its staff is that they seem to be still campaigning for the Presidency rather than doing the job. I liked Mr. Gibbs when he was comm director for Obama's campaign - and he was always very polite to cable news people back then - but in his new role, he shouldn't spend quite so much time reliving what happened four or five months ago and more time focussed on the parlous state of the union today.

                        Jon Smith & Wesson: The original point and click interface Algoraphobia: An exaggerated fear of the outside world rooted in the belief that one might spontaneously combust due to global warming.

                        J Offline
                        J Offline
                        John Carson
                        wrote on last edited by
                        #18

                        Oakman wrote:

                        I liked Mr. Gibbs when he was comm director for Obama's campaign - and he was always very polite to cable news people back then

                        You obviously never saw his exchange with Hannity. For your enjoyment: http://www.huffingtonpost.com/2008/10/08/robert-gibbs-confronts-ha_n_132842.html[^]

                        Oakman wrote:

                        he shouldn't spend quite so much time reliving what happened four or five months ago and more time focussed on the parlous state of the union today.

                        He was simply making the point that they are not going to be obsessed with the daily news cycle. That is good news for the quality of government.

                        John Carson

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                        • J John Carson

                          Oakman wrote:

                          I liked Mr. Gibbs when he was comm director for Obama's campaign - and he was always very polite to cable news people back then

                          You obviously never saw his exchange with Hannity. For your enjoyment: http://www.huffingtonpost.com/2008/10/08/robert-gibbs-confronts-ha_n_132842.html[^]

                          Oakman wrote:

                          he shouldn't spend quite so much time reliving what happened four or five months ago and more time focussed on the parlous state of the union today.

                          He was simply making the point that they are not going to be obsessed with the daily news cycle. That is good news for the quality of government.

                          John Carson

                          O Offline
                          O Offline
                          Oakman
                          wrote on last edited by
                          #19

                          John Carson wrote:

                          You obviously never saw his exchange with Hannity. For your enjoyment:

                          I make it a point to see as little of Sean Hannity as possible. I also skip O'Reilly, Olbermann and Madow. When and if I want to be told how or what to think, I'll contact my family.

                          John Carson wrote:

                          He was simply making the point that they are not going to be obsessed with the daily news cycle. That is good news for the quality of government.

                          Although I don't think that the impact of CNBC has been all that good for stock market, I never really thought of them as part of the daily news cycle.

                          Jon Smith & Wesson: The original point and click interface Algoraphobia: An exaggerated fear of the outside world rooted in the belief that one might spontaneously combust due to global warming.

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