Waffles Kerry is on Fox News Sunday touting the bailout plan – and saying it was all Obama’s idea. No surprise here, the Dem’s talking points will be to blame McCain and herald Obama on this one.
One problem – Obama only came to Washington when asked by the President….then left immediately afterward.
dugan on September 28, 2008 at 9:12 AM

Yeah, I saw that. And he used the lie ‘until politics was injected into the process’ – in other words, when republicans came into this and messed it up. I had to turn off the tv at that point. I really hate watching that a*hole and others get away with lying like that.

Until it is, no deal.

Dodd is an utter embarassment. A dishonest jerk.

Considering the current political leanings of the Fourth Estate, I see little hope for our nation to avoid ruin. -electric-rascal on September 28, 2008 at 4:20 AM

Secession and civil war are looming.

Via Belmont Club

One problem – Obama only came to Washington when asked by the President….then left immediately afterward.

Everything will be fine; Obamaman is on the job. Leaping tall buildings faster than a speeding bullet train, or something.

All hail the Obama.

http://www.nytimes.com/2008/09/28/business/28melt.html?ref=us

CC

He would make an Excellent Attorney general to investigate and prosecute congress and the rest of them for this mess..

Chakra Hammer on September 28, 2008 at 7:42 AM

Dreamer. No one (of consequence) will be arrested. No one will be prosecuted. All these cute and revealing videos we’ve all seen will never see the effective light of day. All the key players responsible (Dodd, Fwank & Co. along with Pelosi & Reid) will all be reelected.

Next week, the market will zoom. Praise be to Allah!

In the mean time, the now $60 trillion in default swaps (beginning to finally make a little news) is still there (tick tock tick tock). The dollar will, in the near future, begin a very long slide to complete irrelevancy. I expect oil to reach $200 by the end of November, bounce around up and down before taking off again. If you live in the northeast, your heating oil costs will rise (is that sufficient term?).

Now, let’s compound that a bit by tossing in some inflation. Who knows, it may even go hyper.

In the mean time, we’ve accomplished our objective. Goldman Sachs is saved… along with a number of other unnamed credit default swap holders. This ball started rolling downhill when we “saved” Fannie/Freddie and AIG. The AIG save was caused by a mere $11 Billion (with a B) of their swaps being triggered. Fannie/Freddie would have triggered a trillion. This is all operating from a sophisiticated new theory that we have an unlimited supply of money at the federal level. Print any amount we wish because it’s based on the “full faith and credit” and all that jazz. The truly amazing part is how many people think the situation just got better because we’ve temporarily saved an even larger group. Remember this day.

CC

Chakra Hammer on September 28, 2008 at 6:32 AM

Just did. Was going to post but you beat me to it. Great read!

Nyog_of_the_Bog on September 28, 2008 at 6:58 AM

And thats why I supported Rudy and was pushing him for President even before he announced!

Rudy knows whats going on!

He would make an Excellent Attorney general to investigate and prosecute congress and the rest of them for this mess..

CC

Just did. Was going to post but you beat me to it. Great read!

Read that

So, what we need to do, Kill or extremely limit the bail out at least cut it into or 1/3 or 1/4 of the size it is now.. 250 Billion maybe.. let the markets work

Then, We need to Totally Ramp UP ALL Oil(Including ANWR, and all the natural gas),Oil shale, Clean Coal, and More New Nuclear Power plants Here in the United States, More Refineries, more wind, solar, new technologies, conservation ALL OF IT.. the ALL OF THE ABOVE PLAN.

Lower Corporate Tax dramatically and drastically(that will increase investment from home and abroad, create new business and create more jobs)

Lower the Capital Gains Tax again that will increase investments and create more revenues..

Increasing the Energy sector and new development will create Lots of new jobs, and new investment, people will start to invest in raw materials(because things need to be built), this would be be a huge boom industry and would get us off of foreign energy and would held our markets all at the same time..

Also, the RAW materials like STEEL used for the New Oil Rigs, and New Nuclear Power plants, and Wind Turbines could be a way to reopen the Steel Mills( or more could be built/upgraded) across the midwest that have recently shut down.. (thus more jobs)

things need to be built, Oil Rigs for off and onshore(US Steel, US Mining), Nuclear Power Plants(US Steel, US Mining), Wind Turbines(US Steel, US Mining) US Engineering..

AND ALSO CUT GOVERNMENT WASTEFUL SPENDING

How to stop if from happening again, what to do now

Get rid, of the NINJA(No Income No Job No Asset) Loans, That’s not compassionate it’s irresponsible, and predatory. (It should be a crime)

I was disappointed when bill O. said no one told him that the banks were making bad loans. Maybe bill and the factor are not on McCains daily mailing list. As much as i respect fox news for thier reporting they could have and should have reported the risky policies of the left years ago.

I thought O’Factor abhorred those that “blame someone else”… in this case, FoxNews and/or O’Factor paid no attention to items such as McCain’s (et al) attempted fix via SB190 that was defeated by a partly-line Dem vote in committee.

Considering the current political leanings of the Fourth Estate, I see little hope for our nation to avoid ruin.

Covering Your Fannie, Who Really Caused Our Economic Crisis?
(This one shows more of what McCain’s bill had in it)

Burning Down The House: What Caused Our Economic Crisis? V2

SEC Chairman concedes Oversight Flaws fueled Collapse.

It may be the NYT, but it puts truth behind McCain’s statement about firing the SEC Chair for being a moron.

So long as NOTHING CHANGES THIS MONTH Americans will still have our Constitutional Rights. We actually CAN show up in revolt in Washington DC without being arrested by the new order being ushered in by Paulson.

Damn Clinton for this. Damn Bush for it, too. Damn any legislator who tries to score power points by signing off our rights in exchange for DEBT AND SERVITUDE.

Bring on the temporary Depression and keep the Constitution intact rather than tossing it out for Perpetual Indentured Service, not even a free ride.

It is a fraudulent set-up to make US citizens assume global banking interests’ debt, coerce us into their servitude over a debt that wasn’t even American. Naming housing defaults is just smoke and mirrors to evoke sympathy vote or fear factor vote. Most of us have yet to learn that the Federal Reserve is an autonomous entity; through this bill they would take over our entire government assuming themselves as the new fourth and supreme branch of our government–but being global, not national.

The German’s can’t hold back their glee.

We must defy this legislation from occurring.

The UK can go to hell.

Better yet, I hope Islam makes them their bitch over the next 100 years.

It refers to the “Rebel Republicans”.

Fuckers. This is why I hate the UK. The BBC is nothing but an extension of the F’in Dem Party.

I hope Islam makes the UK its bitch over the next 100 years.