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I'll do that. Not only do I have enough of a claim, I have proof. We only punish the poor and weak now. Sure there were some celebes but the businesses and puallitions are above the law. I'm going to leave this alone now and going to the OC.
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Ok...I missed a lot during the night....
The Federal Emergency Economic Stabilization Act of 2008
(aka "The $700 Billion Golden Parachute for Wall.St) http://www.financialstandard.com.au/news/view/24130/ Expected to pass today in Congress...the key points are:
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Um, anyways, the bailout failed. Anyone else not surprised?
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Eh....
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I'm surprised...I totally expected the lobbyists to get this to pass... Quote:
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It would seem that a fair number of people oppose the bill which has been proposed to save our economy. I've even heard people go as far as calling the bill "Unconstitutional and a step toward Socialism". It is not too drastic of a measure in my opinion, however I do wish that the government had given the bill more though than they have. I can only hope that if the bill does indeed pass that it does not put the nation in a bigger bind later...We do not want nor need another Great Depression.
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I came accross a YouTube video that explains how the Community Reinvestment Act help cause this mess. However it fails to mentions about the repeal of the Glass-Stegall Act which could of helped, in my opinion, prevent the current crises. This article, dated September 24, 2007, explans why we are in big trouble.
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Heh...
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http://news.bbc.co.uk/2/hi/business/7643340.stm Also a thought...Since mainstream media is shunned by conservatives by calling it "Liberal Media" and Progressives calling it "Corporate Media", does that mean that Mainstream media is Centrist? =P I'm not being serious, just a thought... |
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*sigh* Can't we all just stop bashing eachother on everything?
I a quite offended on the way both candidates are being treated here. I am a supporter of McCain, but I'm not disrespecting Obama either, and finding every thing I can to insult him. Now, I would like to ask for a GOOD description on what you feel on some of their policies and beliefs, not just a biased flamewar. My first issue I'd like to give my opinion on in depth: Healthcare: Alright, I'm mentioning this because after catching up on 5-6 more pages, this issue is bothering me now. Many people are saying that it will be good, some say it will be bad. Well, why is it one of those two? My opinion is that it is not a good thing. Overall, the taxing is the worst part. Alright, some people say higher taxes are the cost of this system. Okay, but one thing few answer,is what about the Middle Class like us? My family only makes $50,000 a year, we have enough trouble holding together already. Higher taxes could make things even worse for us! Also, the only question I have on this is: What about the people who are sitting on welfare, or such? Will we be taxing them too? Or is my family and the rest of the country stuck paying for them? Mooshykris |
Economy....
Is it just me or does anybody else feel their just dreaming this historic event and election cycle...
Just as the economy took over the US Presidential/Congressional campaigns, it has taken over this thread... I was thinking that since most average Americans have been comparing the past month to the Great Depression, does that mean that the Democrats will be swept into power again? A timeline on what the heck happened according to BBC: http://news.bbc.co.uk/2/hi/business/7521250.stm Why did the Bail-out fail (BBC): http://news.bbc.co.uk/2/hi/business/7643199.stm -Simple answer: The American People thought it was A Wall.St giveaway (Both the Left and the Right hated it...rare...) BBC's Answer: They (Wall.St) are perceived as greedy, incompetent fat cats who have created this crisis themselves and who are now being allowed to pick the pockets of American voters to fix it. My AP Biology teacher actually used that word "fat cats" to describe why we got into this mess... American voters simply have not seen this as a crisis that affects their real lives on Main Street - it is seen as a welfare scheme for the humbled plutocrats of Wall Street. If the problems deepen and people suddenly see unemployment rising because businesses cannot get money from the banks to pay their bills and honour their payrolls, then that sentiment might change. Maybe so if things go worse, people might accept anything just like how we accepted the "Alphabet Soup" of Government agencies during the Great Depression (SS FTW!) How would financial "Armageddon" look like?: http://news.bbc.co.uk/2/hi/business/7631281.stm Not exactly the "Great Depression" everyone is saying... OH Healthcare...eh touchy subject for me so I'll answer that when I get around to it...sorry.... |
Call me ignorant, maybe, but I don't see why people don't support the bail-out. If the financial "crisis", as it's being called, continues to advance, then it is very much going to affect the middle-class.
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Also...
Also Health-care: During the debate McCain mentioned something about a bout a $5000 tax-credit...Wonder how that would work since it's still the taxpayer and employers who will burden the cost....
Bill Clinton: Economic Crisis Means Veep Choice Is More Important By Greg Sargent - October 1, 2008, 2:08PM Bill Clinton -- doing some powerful campaigning in Florida for the first time on Obama's behalf today -- laid out an interesting argument against McCain-Palin, claiming that the economy will consume so much of the new president's attention that the Veep will be forced to play a bigger role on the world stage... From Bill's comments... "Senator Obama has spoken a lot about how we oughta relate to the world, and yes, he'll get out and travel some in the first year, we should want him to do it. But he is going to have to be really focused on fixing this economy. That means that role of the Vice President in repairing quickly our relations with the rest of the world will be relatively more important in the first two years of the next presidency. "And I am just telling you, you can talk to me or anybody else at any time in Washington, and they will tell you there is nobody, nobody in the entire United States senate that understands the political, the economic, and the security challenges and opportunities of the world better than Joe Biden does. He is a superb choice." Wow...way to go Bill...(By posting this I'm incurring the Republican's wrath =P) |
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Today the Senate is going to take up the bailout proposal. They ticked it to include raising FDIC coverage to $250,000 and passing a temporary fix for the AMT.
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I'm in Canada so I cannot vote in the US election but I would totally vote Obama.
As for the upcoming Canadian election, I am voting NDP all the way. |
The Senate in a 74-25 vote, passes the bailout bill. The Senate hopes with their changes that the House will pass their version on Friday.
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McCain all the way!!!!!!!!!!!!
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Something about the bailout.
http://www.youtube.com/watch?v=SMFt7tRq-Ps ... and there is this: http://www.youtube.com/watch?v=ntEE9Zy-qQQ I wouldn't be surprised if America voted a republican to lead the country again. They did the same when they voted Bush twice for presidency. History repeats itself as always; people just don't learn. I'm not American but I would definetly vote for Obama. |
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There's not anything about "people not learning" here, it's just how the cycle goes. We're always bound to get one or the other eventually. One major cycle point: At some point people will get tired of Republicans, and vote Democrat. Then, after enough time, they will be sick of Democrats, and vote Republican. That's what keeps a balance in the system :P Mooshykris |
Actually, in the past 50 years, there have only been 2 Democrat presidents.
Although, chances are Obama's going to win this time, bringing that number up to 3. Because basically, whenever there's an economic crisis, people turn to the Democrats. Free markets is one the foundation of Republicans, meaning that they don't want to take steps to do anything about a sinking economy. |
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Kennedy - Democrat Johnson - Democrat Nixon - Republican Ford - Republican Carter - Democrat Regan - Republican Bush - Republican Clinton - Democrat Bush - Republican Mooshykris |
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