It’s time to storm the capital and kick ALL of the politicians out!

SaintOlaf on October 10, 2008 at 2:30 PM

Massive protests are needed. Peaceful, of course, but MASSIVE! Millions and millions of people lining the streets. Kick the corruption out.

Throw more money at it! It’s classic “what’s wrong with D.C. mentality.”

We’re on the severe brake failure part of the nanny state slope, boys n girls….

I love Brit Hume for my political fix, but Cavuto for business news.

These two are pretty much all that’s worth watching on FNC….I also like that limey Stuart, and the Capitalist Pig guy that looks like the Mad magazine character.

These bailouts are merely pissing in the wind. Failures and market corrections are healthy for the economy – at some point, the turd needs to be flushed.

Please. Cavuto doesn’t scream about anything. If all the hosts, his show is the most fair and easy on the ears.

Spirit of 1776 on October 9, 2008 at 8:02 PM

+1

During all this mess, Cavuto is the one person who has been able to explain things in a way that I understand. I find his show to be the most soothing, frankly.

I love Brit Hume for my political fix, but Cavuto for business news.

Bottom line: clarity and certainty as to bank holdings and solvency is thus urgently needed. There is only one way to provide that the type of clarity needed – weak banks must be allowed to fail. As weak banks fail, increasing confidence will be restored in those that remain.

Cruel? Yes.

Inevitable and necessary? Yup.

Do bailouts help? Nope. First, there isn’t enough money in the world to backstop the financial system. Second, bailouts delay the one thing that can help, i.e., bank failures. Therefore, bailouts prolong the negative effect on the real economy.

The other side plagiarize and do not digest the information. This make it easier to appear to be doing their job so they can pay to get into the best parties in town to gain more plagiarized information-and we pay them to lie to us.

Let’s get smart the way Michelle does so we can be proud of knowing that what we know is the truth.

It would fun if you, Ann Coulter, Laura Ingraham and Elizabeth Hasselbeck could have your own TV show, we could call it the “Right View.” :-)

Now we have a choice between a pure Socialist Liberal, and John McCain (what ever his political ideology is). Democrats have brought ruin to our economy on purpose in order to win the WH, as a bad economy has historically worked really well for Democrats. McCain/Palin get (3) votes from my household, as we have no other option.

Damn!

Keemo on October 9, 2008 at 10:27 PM

You call that cheer leading you self righteous troll?

hillbillyjim on October 10, 2008 at 4:30 AM

This is such an important point, I just want to stand and applaud.

But at the end of the day when the “responsible people” begin to feel the bite and slide under financially will it be passe to lecture everyone on personal responsibility?

I’ve long thought that if it weren’t for the economic powerhouse of the USA they’d have run out of steam long ago. European socialism would be dead and gone.

FloatingRock on October 10, 2008 at 3:05 AM

Absolutely. The bloated socialist programs enshrined (and going broke) in Europe today were made possible because their favorite whipping boy, the good ol’ USA, shouldered the burden of and funded their national defense for decades; keeping the Soviet bear from lumbering east through Western Europe even as their defense spending/GNP dwindled.

Had they been carrying their own water, they simply could not have sustained such nonsense as 30 hour work weeks and 6 and 8 week vacations, much less enormous welfare programs, national health schemes, and government-provided cradle-to-grave everything else..

assuming any of us are still around to fight for it.

…which is to say, if capitalists surrender to the inevitability of socialism then the fight will already be lost.

I am not saying which is better or worse. Both have their drawbacks. Personally I think the mix that the USa has had over the last 70 years has been good.

Capitalism isn’t perfect; neither is democracy. Nothing created by man, especially civilizations, is perfect. It’s a matter of relativity. Despite it’s flaws, no economic system in human history has proven itself to be as efficient and resilient as capitalism. Capitalism is essentially a natural economic system founded on the principles of freedom. While intervention is sometimes helpful to ensure a degree of stability in the system, to smooth the jags, there is no reason that I’m aware of to believe that socialism is even capable of curtailing badly needed value corrections.

I understand your point that we’re going to get a little or a lot, and you may be right, but I disagree that we should surrender to inevitability. It should be fought tooth and nail until the end or else it’s sure we’ll lose. If we lose a battle we should devise a new strategy to defeat the enemies of capitalism, freedom and liberty. Never surrender. Socialists, if they win this battle, will have placed a noose around their own neck. When their policies fail, and they will eventually, a new era of capitalism may be reborn from the ashes assuming any of us are still around to fight for it. For all we know it might be happening now.

Old European cultures have more societal ills than we do right now, IMO, and much of it stems from socialism. I’ve long thought that if it weren’t for the economic powerhouse of the USA they’d have run out of steam long ago. European socialism would be dead and gone.

Want some more of the same? Vote for the social justice candidate. Barack Obama.

…It was the 100% pure capitalists folks idiotic, shameful do-nothing Congress that blocked it and due to their
blockage sat on their hands three years ago and we are now going to get massive socialism….

unseen on October 10, 2008 at 2:23 AM

CaFloatingRock on October 10, 2008 at 1:06 AM

capitalism also has its inherent flaws. Rich get richer etc. Busts , panics, etc

I am not saying which is better or worse. Both have their drawbacks. Personally I think the mix that the USa has had over the last 70 years has been good.

Socialism got the upperhand over the last 16 years because of politics and trying to win votes. And now we are paying for that.

However, that was not the topic of my post. People are still argueing and capitalism/socialism

My point was that the due to a lot of things including the election we were going to get socialism no matter what. I was trying to get the least amount as possible. It was the 100% pure capitalists folks that blocked it and due to their
blockage we are now going to get massive socialism.

We were always going to pay. We could have paid last year for a small amount. Now we have to pay in a crisis and we have to pay massive amounts.

the capitalists were fighting a figth they lost 16 years ago and do not understand they lost

several reasons.
One they didn’t know which one and it would take alot of research to find each one which would be costly for the banks.

Two it was a game for them. If Citibank admitted to what it owned that some other bank would take advantage or not trade with it. thus they did not want to make known what they owed to they competition. The present action shows that no news is worse than bad news but the banks didn’t want to own up to it.

/both reason were why the government needed to force the banks to do it.

another reason was the banks that they could sell their bad paper to another bank and get out of it. No buyers except of course the taxpayer

On a plus note I think the present selling is about done. Friday and possible Monday should finish it and the market should rebound for a couple of months. good News for McCain, We will retest this levels and if Obama gets elected I can see the lows broken and we hit 7,000 DOW by Jan

Capitalism has good as well as bad things to it. Voters don’t like bad things. Therefore anytime capitalism shows its bad side the government becomes socialist.

It is just the way of the world. We could have had a little bit of socialism last year. Now we have the country nationalizing entire industries.

unseen on October 9, 2008 at 11:48 PM

I agree that capitalism requires some oversight, but you’ll never convince me that socialism is superior to capitalism. Socialism is a thoroughly tested ideology and yet has never demonstrated remotely comparable results to capitalism.

Additionally, this crisis was not a product of unfettered capitalism but rather socialistic government interference. The failures of socialism can not tarnish the reputation of capitalism as you’ve eluded, even if ill informed individuals believe it does. Socialisms failures are the consequence of its own inherent flaws and is why more socialism can’t possibly solve the problems it creates, at best it can only delay the inevitable, but at the cost of eventually revealing still more of it’s inherent flaws.

The relative strengths of capitalism and socialism are revealed by this very crisis, in more ways that one. While this problem was caused by a brand of socialism, still more socialism, in the form of cascading bailouts, has failed to overcome the raw might of capitalism’s ability to balance and correct itself. This in spite of the wishful thinking of so many misguided people who’ve convinced themselves that the good times could never end and personal responsibility was merely a fanciful figment of history.

What we got here is an unholy alliance of the Market movers and shakers TAKERS and political movers and shakers TAKERS both selling out the medium and long term economic future so they can get through the next couple of months with as little pain as possible.

They are just giving the patient a shot of novocain, then putting multiple layers of staph infected band-aids over an melanoma that needs to be excised, not patched over.

Michelle may not be a Wharton, Harvard and Oxford Degreed Economics and Finance guru, but she IS right. Common Sense and the adherence to the correct basic fundamentals beats credentials every time.

The first clue was the day after the bill failed the first time. The market tanked and then public opinion changed a little and viola’! The bill passed!

That, I believe, was a manipulated event and now we have the same thing happening again. Every time the market tanks, the congress opens the purse. I’d be tanking the market everyday until the congress reaches it’s squeal point. This is a typical high pressure sales technique designed to prey on the ignorant and fearful.

unseen on October 9, 2008 at 11:48 PM

Why didn’t banks re-finance the risky loans in the first place on their own? Is it because they were packaged together and sold off?

Sorry for asking a simple question, I read a lot, but have gaps in my knowledge.

But noooooo. The suck it up crowd and the let them eat cake crowd and the let the free market handle it crowd would have none of it. Fine take your $2 trillion dollar bill because of your principles.

Capitalism has good as well as bad things to it. Voters don’t like bad things. Therefore anytime capitalism shows its bad side the government becomes socialist.

It is just the way of the world. We could have had a little bit of socialism last year. Now we have the country nationalizing entire industries.

You make the call who was right. hint the suck it up crowd was not.