Oh Hamburgers! Posted September 29, 2008 Group: Diamond Member Followers: 1 Topic Count: 10 Topics Per Day: 0.00 Content Count: 2,144 Content Per Day: 0.34 Reputation: 163 Days Won: 1 Joined: 02/02/2007 Status: Offline Birthday: 11/05/1985 Share Posted September 29, 2008 http://money.cnn.com/2008/09/29/news/econo...dex.htm?cnn=yes yikes Link to comment Share on other sites More sharing options...
OneLight Posted September 29, 2008 Group: Royal Member Followers: 22 Topic Count: 1,294 Topics Per Day: 0.21 Content Count: 31,762 Content Per Day: 5.22 Reputation: 9,763 Days Won: 115 Joined: 09/14/2007 Status: Offline Share Posted September 29, 2008 I am sure that there will be another vote on this matter rather soon. Link to comment Share on other sites More sharing options...
Xan Posted September 29, 2008 Group: Diamond Member Followers: 1 Topic Count: 32 Topics Per Day: 0.01 Content Count: 1,060 Content Per Day: 0.18 Reputation: 18 Days Won: 0 Joined: 05/02/2008 Status: Offline Birthday: 10/23/1970 Share Posted September 29, 2008 Yea! My faith in our system not being turned socialistic is being restored! Maybe they will start implementing policies that will actually allow capatalism to work, such as repeal the capital gains tax. Link to comment Share on other sites More sharing options...
O'Dannyboy Posted September 29, 2008 Group: Royal Member Followers: 0 Topic Count: 156 Topics Per Day: 0.02 Content Count: 3,454 Content Per Day: 0.48 Reputation: 4 Days Won: 0 Joined: 09/22/2004 Status: Offline Birthday: 07/02/1969 Share Posted September 29, 2008 It would be nice to hear what parts of the bill they didn't agree with. We should understand that the House of Representative still has a republican majority and so it's understandable that they would find flaws in any bills sponsored and written by either the Senate or Congress. Considering the amount of money it is also understandable that they will be scrutinizing this particular bill more than most. What I find unfortunate is that this particular issue is overshadowing the election when there is still roughly 18% of voters that are still undecided. Hopefully many of those undecided voters are still doing their homework and resist voting party line due to ignorance or laziness. Link to comment Share on other sites More sharing options...
WayneB Posted September 29, 2008 Group: Worthy Ministers Followers: 4 Topic Count: 232 Topics Per Day: 0.03 Content Count: 7,261 Content Per Day: 0.96 Reputation: 79 Days Won: 0 Joined: 08/30/2003 Status: Offline Birthday: 12/19/1959 Share Posted September 29, 2008 The bailout is much needed...has nothing to do with "socialism". It has everything to do with putting an economic fire out. We can begin cleaning up and rebuilding later. What is sad and totally unacceptable are the tags that were put on the bill. No wonder it failed! Link to comment Share on other sites More sharing options...
NickyLouse Posted September 29, 2008 Group: Advanced Member Followers: 1 Topic Count: 18 Topics Per Day: 0.00 Content Count: 268 Content Per Day: 0.04 Reputation: 82 Days Won: 0 Joined: 04/30/2005 Status: Offline Birthday: 02/25/2004 Share Posted September 29, 2008 And now coming out of the sewers in Washington are the rats who point their fingers at those they hate on the opposite side of the aisle. Neil Cavuto stated that letters to Congress numbered 1000 to 1 in opposition to the bailout. Why wasn't this a unanimous vote in opposition? I think the answer is that our "civil servants" think they know all so much more about what is best than the People they are supposed to represent. This should be a wake up call to Congress that we do not trust them and we will not sit idly by while they try to pick our pockets. Link to comment Share on other sites More sharing options...
LadyRaven Posted September 29, 2008 Group: Royal Member Followers: 2 Topic Count: 13 Topics Per Day: 0.00 Content Count: 1,981 Content Per Day: 0.30 Reputation: 3 Days Won: 0 Joined: 05/22/2006 Status: Offline Birthday: 04/20/1964 Share Posted September 29, 2008 Yea! My faith in our system not being turned socialistic is being restored! Maybe they will start implementing policies that will actually allow capatalism to work, such as repeal the capital gains tax. They will vote again on another one shortly I am sure because everyone is afraid. sigh. And I do believe it's also part of the lie. Some have to oppose it or it will look too easy. Cant have a great socialist society against the people's will without a fight. Link to comment Share on other sites More sharing options...
WayneB Posted September 29, 2008 Group: Worthy Ministers Followers: 4 Topic Count: 232 Topics Per Day: 0.03 Content Count: 7,261 Content Per Day: 0.96 Reputation: 79 Days Won: 0 Joined: 08/30/2003 Status: Offline Birthday: 12/19/1959 Share Posted September 29, 2008 Neil Cavuto stated that letters to Congress numbered 1000 to 1 in opposition to the bailout. That's not what I have seen reported...and my source is FOXNEWS. ...and it looks like Wall Street is sending a message. The DOW is down over 700 points and falling fast. Y'all really do need to read up on the New Deal, a series of programs that led this nation out of the Great Depression. Sometimes the Federal Government does need to step in and reestablish some "balance" to our economy. Link to comment Share on other sites More sharing options...
Xan Posted September 29, 2008 Group: Diamond Member Followers: 1 Topic Count: 32 Topics Per Day: 0.01 Content Count: 1,060 Content Per Day: 0.18 Reputation: 18 Days Won: 0 Joined: 05/02/2008 Status: Offline Birthday: 10/23/1970 Share Posted September 29, 2008 The bailout is much needed...has nothing to do with "socialism". It has everything to do with putting an economic fire out. We can begin cleaning up and rebuilding later. What is sad and totally unacceptable are the tags that were put on the bill. No wonder it failed! The government would have control over our financial institution if the bailout took place, and this is a welfare for the rich. In a true capatalistic society,the market works itself out. Government does not need to be involved in business ventures except to propose laws that protect its peoples, which is why we have the FDA and credit laws. Beyond that, the market should be allowed to operate without interference, and that's what needs to happen now. Repeal the capital gains tax, no more "political correctness" lending, and no bailout. If these things happen (plus others that I'm a little fuzzy on like mark-to-market) the economy will right itself up. Link to comment Share on other sites More sharing options...
WayneB Posted September 29, 2008 Group: Worthy Ministers Followers: 4 Topic Count: 232 Topics Per Day: 0.03 Content Count: 7,261 Content Per Day: 0.96 Reputation: 79 Days Won: 0 Joined: 08/30/2003 Status: Offline Birthday: 12/19/1959 Share Posted September 29, 2008 The bailout is much needed...has nothing to do with "socialism". It has everything to do with putting an economic fire out. We can begin cleaning up and rebuilding later. What is sad and totally unacceptable are the tags that were put on the bill. No wonder it failed! The government would have control over our financial institution if the bailout took place, and this is a welfare for the rich. In a true capatalistic society,the market works itself out. Government does not need to be involved in business ventures except to propose laws that protect its peoples, which is why we have the FDA and credit laws. Beyond that, the market should be allowed to operate without interference, and that's what needs to happen now. Repeal the capital gains tax, no more "political correctness" lending, and no bailout. If these things happen (plus others that I'm a little fuzzy on like mark-to-market) the economy will right itself up. Like I mentioned, you really should read all about Roosevelt's New Deal. It is too late for other "long term" options, such as the repealing the capital gains tax. Saying "let it work itself out" is like watching a house burn down and not trying to put the fire out. Once the fire is out, we can and should focus on rebuilding but for now, the fire is growing out of control. We need to hose it down! Link to comment Share on other sites More sharing options...
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