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brownschat.clevelandbrowns.com Forums Main Index General Discussion Congress OKs historic bailout bill; Bush signs it|
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For all of you that wanted the bailout, it's official, you got it. For those who did not want it your congress men and women let you down.
I myself think it was necessary to ensure that millions of middle and lower class people with investments in these companies did not lose everything they had. Here's the link to the article. http://news.yahoo.com/s/ap/financial_meltdown |
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Comon' Supreme Court! SMASH IT!
SMASH IT YOU OLD FARTS! |
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I enjoyed Steve Latourette's comment that since there's money for rum he guessed they'd get the "pirate" vote in November.
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Here's an excellent video about what your Congress has done.
http://www.youtube.com/watch?v=ONUSxiGN4m4 It's less than 2 minutes, so please take a look. ----------- "You can't handle the truth!" Colonel Nathan R. Jessop, Commanding Officer Marine Ground Forces Guantanamo Bay, Cuba |
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http://www.c-spanarchives.org/flash/player-time.html?st...-02%2020:21:57&net=1
This video is much longer, but please listen to Senator Brad Sherman, it's eye opening. ----------- "You can't handle the truth!" Colonel Nathan R. Jessop, Commanding Officer Marine Ground Forces Guantanamo Bay, Cuba |
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so any one else got an exit strategy in case it gets a little worse?
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Buy a gun. Shoot looters. Make sure to get lots of ammo. |
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This past week has been like the second Squeelers game last year. I thought we had it won but then it started getting bad. Then it got worse. Then I wanted to puke.
 -Leading the pack since 1977. |
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I think dropping interest rates by .75 would have had a much better effect.
Credit card bills would drop, auto financing would drop, student loans would drop. It would have helped out the banks, the stock market, those facing foreclosure, those actually paying their mortgages and those looking to buy houses. Historically, housing prices have jumped and the housing market has thrived in response to cuts in interest rates. And I don't think the hit on inflation would be as big as what this $700billion injection is going to do. I bet in a few weeks the Fed drops the rate once it sees this $700billion isn't working. |
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^^^^ Can they do that as well as the "rescue package"?
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yep.
They must just a few weeks ago and didn't change the prime rate. I think it would've been logical to try a big rate cut first, but the Fed felt otherwise. They meet again in a few weeks and I can't imagine them leaving things where they are. I'm pretty sure we're still a full point ABOVE where we were in 2002. Cutting rates helps everyone who is in debt, and that seems to be the whole problem. |
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so we should devalue the dollar further to drop interest rates? all this bill has done is make all our banks even more suspect and prone to mismanagement with no consequence. this is welfare for the corporations and will not stop the credit crunch or the dow from dropping even more. this is very sick and i am ashamed for my country. jmho
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Are you kidding? The Federal Reserve runs the country. Bush has no power whatsoever, neither does Congess, and CERTAINLY not the Supreme Court. Ben Bernanke is the man that runs us. (Him and Greenspan did a great job...)  |
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Bush signing this bill is as dumb as it gets. Thank God he's on his way out. He should join the Democratic party.
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Wow, Dawg. Is that really you?  -Leading the pack since 1977. |
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Cutting moronic government spending and then cutting taxes by 50% would have worked much better. ------------- Can we PLEASE stop rushing 3 and dropping 8 on defense? |
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While I agree w/reforming govt spending and lowering taxes...
Cutting interest rates doesn't have anything to do with either. What you propose has nothing to do with what I said. Quoting a Campbell's Vegetable Soup Commercial would have been more relevant and entertaining! |
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Quixote you seem to be very savvy on economics. When congress passed this $700billion bailout, do you think input from professional economist's was considered or was this just a decision made by a congress full of over-inflated egos? This message has been edited. Last edited by: fishtheice, |
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I know. The man went from a republican to a conservative overnight! ---------- Pan Obama, hovorite po anglický? |
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It appears he's the second poster on here who's flipped the proverbial <female dog> over the last couple of months.  -Leading the pack since 1977. |
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I've always been and always will be a Conservative/Libertarian. This bill stinks worse than a rotten fish. And since it was Dems like Barny Frank and Dodd along with Obama who got us in this mess with Freddie Mack and Fannie Maie they are the ones who should be held responsable. But the in the tank for Obama press won't touch it. |
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