Really Confusing
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Chris Austin wrote:
Anybody else have a take on this one?
Yes. John Sidney McCain and Barack Hussein Obama ARE PAID TO BE SENATORS and not presidential campaigners. We have what has been billed as a financial crisis of epidemic proportions and McCain is showing leadership because the process is stalled in congress, so much so that the President is going to address the nation tonight to address it.
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.
Mike Gaskey wrote:
We have what has been billed as a financial crisis of epidemic proportions ... the process is stalled in congress
Which is exactly where it should be. This bailout is a non-starter. Fiscal conservatives know this.
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Chris Austin wrote:
Anybody else have a take on this one?
Yes. John Sidney McCain and Barack Hussein Obama ARE PAID TO BE SENATORS and not presidential campaigners. We have what has been billed as a financial crisis of epidemic proportions and McCain is showing leadership because the process is stalled in congress, so much so that the President is going to address the nation tonight to address it.
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.
The more I read about it, the more I think it's less a case of financial crisis and more financial crisis precipitated by mass fraud.
...that mortally intolerable truth; that all deep, earnest thinking is but the intrepid effort of the soul to keep the open independence of her sea; while the wildest winds of heaven and earth conspire to cast her on the treacherous, slavish shore.
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I just came across this article[^] about McCain supposedly suspending his campaign for President. It's easy to see the political play he is making but I still find it confusing that he would take such a risk when he has managed to keep the race so close. Anybody else have a take on this one? Has a candidate ever requested to delay or cancel a debate this close to an election?
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long
It's obviously a political play, IMO, but a good one for McCain. They're both Senators, paid to represent their constituents and propose and vote on legislation, and you'd think that on a bill of this much impact their vote should be on record as yea or nay. McCain should now be there for the vote, and unless Obama changes his mind, won't be. I think that that in itself plays well with the American people in McCain's favor.
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Martin, you know as well as I that if the supply of money dries up, or becomes valueless, then the fabric of our society as we know it also fails because it loses the concept of value and thus huge foreclosures and mass unemployment that may make the 1929 Depression seem as a side-show. Money as such would lose all value as their is insufficient gold and silver on deposit to cover the face value of such bank notes. Massive amounts of unserviceable debt is what is killing our society today. What would you like to see replace money? Perhaps a form of bartering? Perhaps everybody should carry around with them some form of Bullion?
Richard A. Abbott wrote:
What would you like to see replace money? Perhaps a form of bartering? Perhaps everybody should carry around with them some form of Bullion?
While I agree that money is useful as a means to facilitate trade, the current system is not and no system whose foundation is based on credit (or should that be debt) ever will be. The current "crisis" is the reward for years of unchecked greed and corruption. The whole sub-prime fiasco, for example, is nothing more than a complete fraud; at some point in recent history some financier made the mistake of lending money to someone he knew was incapable of repaying it. Did he chalk it up to experience and write off the bad loan at that point? Nope, he tarted the bad debt up and sold it on as a sound investment, and guess what? Somebody bought it off him, so he thinks to himself "Wow! That as easy, I wonder if I can do it again?". What a wheeze. The entire stinking edifice needs to be swept away and the bogeyman of the "Great Depression" be damned. Currency must be issued, controlled and strictly regulated by Government. If it is left in the hands of the corrupt and the greedy then the "Even Greater Depression" will be inevitable.
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Richard A. Abbott wrote:
What would you like to see replace money? Perhaps a form of bartering? Perhaps everybody should carry around with them some form of Bullion?
While I agree that money is useful as a means to facilitate trade, the current system is not and no system whose foundation is based on credit (or should that be debt) ever will be. The current "crisis" is the reward for years of unchecked greed and corruption. The whole sub-prime fiasco, for example, is nothing more than a complete fraud; at some point in recent history some financier made the mistake of lending money to someone he knew was incapable of repaying it. Did he chalk it up to experience and write off the bad loan at that point? Nope, he tarted the bad debt up and sold it on as a sound investment, and guess what? Somebody bought it off him, so he thinks to himself "Wow! That as easy, I wonder if I can do it again?". What a wheeze. The entire stinking edifice needs to be swept away and the bogeyman of the "Great Depression" be damned. Currency must be issued, controlled and strictly regulated by Government. If it is left in the hands of the corrupt and the greedy then the "Even Greater Depression" will be inevitable.
martin_hughes wrote:
based on credit (or should that be debt)
Debt - huge unserviceable quantities of the stuff.
martin_hughes wrote:
bogeyman of the "Great Depression" be damned
Yes, but that lesson from history was probably not learned very well thus the present financial pain that will be felt for the foreseeable future is the result.