“According to Jim Sinclair, they pumped a trillion in last week. So, I'm confused about something. One week they can do it on their own, and the next week they require Congressional action. Rationally speaking, why is last week different from this week? So, in the past 6 business days, they've pumped 1.6 trillion? Is that correct?
Are they going through Congress this time so that they can blame the whole fiasco on Congress down the road? Or what?”
nezumi on Oct 3, 2008 at 10:35:28
“The most important point is, the Fed lends money for the short-term on completely worthless assets, the government bailout will buy them. This will finalize the bill for the taxpayer. For that they need congress approval.”
Jim Lehrer tried FOUR times to get a clear image from both candidates about what they thought about the BAILOUT ISSUE happening right now in the presidential debate, he was unsuccesful. They were very shrewd.
I heard a worrysome preocupation of both sides about sending troops and about military and geopolitical issues that the USA is no longer in a safe position to be boastful about considering the current economic crisis and the military disaster in Iraq.
It was scary hearing Obama talking about sending more troops to Afghanistan to ged Al QAEDA and Bin Laden (Like they will get him with more troops) and sending troops to Pakistan. All of this while there is a crisis with Russia in the Black Sea, Meddedev threatened to use tactical nukes if necessary and they are setting up military pacts with Venezuela and Cuba. Their nuclear submarines are a few miles from american coasts, and the Tupolevs are also cruising the nearby skies.
I think America should rethink its "Shock and Awe" militaristic and destructive philosophy if it wants to survive in this new world where military and economic superpowers like China and Russia are present.
And like Larisa Alexandrovna said what the american public should be doing now is thinking seriously about impeachment proceedings against the people responsible for the economic debacle and the bailout farce.
But as usual it was a spectacle of the same script with different puppets...”
boing007 on Sep 27, 2008 at 10:38:25
“It was scary hearing Obama talking about sending more troops to Afghanistan to ged Al QAEDA and Bin Laden (Like they will get him with more troops) and sending troops to Pakistan.
U.S. troops are already in Pakistan.”
pathenry on Sep 27, 2008 at 03:14:25
“I heard Sen. Obama give a clear answer to Jim Lehrer's question, "What would you cut out of your program because of the "bailout"?" His answer was that he would not abandon any of his broad initiatiatives: energy, security, healthcare reform. What he said was that he would pare back nonessentials in each and every one of them.
If that isn't clear, consider the family that's fallen on hard times. No filet mignon, no rib eye, they go for hamburger until their finances improve. Barack's answer made perfect sense to me. You've got to look at your weekly income and expenses and adjust accordingly.
Any other answer would be feigning certainty about conditions that can't yet be predicted. It's time to pick a guy who's smart, informed, and makes carefully considered, sensible decisions.”
RButler on Sep 27, 2008 at 03:06:30
“Obama's #1 priority 'lookin' good'. Why do you think he's been so attractive to voters? If he's elected and things get really bad, he might not be the most effective leader if that's his priority. You have to be willing to do what it takes to get the job done and if your main concern is 'lookin' good' you'll fail.
See George W. Bush for a an example of this. In 2000, he was supposedly the 'cool' guy compared to Gore, if you like that type of guy. In his speech the other day regarding the meltdown, he portrayed himself as the guy solving the problem, not the guy who is the problem. He was maintaining his self image once again (lookin' good) in his own eyes.”