NationStates Jolt Archive

For the first time ever, I'm somewhat proud and impressed of our (as in the US's) president, for stepping up and actually taking the correct course of action in this time of financial crisis. Pity the HOR had to fuck up his course of action. So, thoughts? Has your opinion of Bush changed in the wake of the financial crisis?

http://news.bbc.co.uk/2/hi/americas/7644265.stm

He'll find a way to fuck it up. :p

its sad that he has so little political clout left that he couldnt turn a dozen republican votes to get the bill passed.

He'll find a way to fuck it up. :p

Ha, yes. If he could resign now, he'd end on a good note.

its sad that he has so little political clout left that he couldnt turn a dozen republican votes to get the bill passed.
Well, Pelosi's little speech certainly didn't help.

Bush is almost doing the right thing. But handing out $700,000,000,000 with no strings attached to the same people who got us into this mess is a mistake. Yes, we should 'bail' out the banks, ect, however, the CEOs and such should have their assets confiscated, and any business accepting cash should either have to pay it back at some point, or become a nationalized company.

Yes $700 billion bailout, a present to the companies from the taxpayers.

Bush really should be asking the American people if they want this bailout to pass or not.

Well, Pelosi's little speech certainly didn't help.

Ha! Nothing Pelosi does helps, it seems...

Well, Pelosi's little speech certainly didn't help.
neither did newt gingrich calling republicans to tell them that it was the deal from hell.

but what does THAT have to do with the (lack of) influence of the president?

Rolling squid;14056366']Bush is almost doing the right thing. But handing out $700,000,000,000 with no strings attached to the same people who got us into this mess is a mistake. Yes, we should 'bail' out the banks, ect, however, the CEOs and such should have their assets confiscated, and any business accepting cash should either have to pay it back at some point, or become a nationalized company.
that proposal is long gone by of course but it seems that starting out with such a stupid proposal has fixed the idea in the minds of the citizenry that its a very bad plan no matter how they might change it.

Well, Pelosi's little speech certainly didn't help.

Are Democrats the only ones who spoke out against the plan before it came up for a vote? Who had more nay votes... Reps or Dems? How stupid would it be for Republicans to vote against their own parties plan and what is supposed to be best for the country because one Democrat said something that they didn't like?

that proposal is long gone by of course but it seems that starting out with such a stupid proposal has fixed the idea in the minds of the citizenry that its a very bad plan no matter how they might change it.

is it? My mistake then. What's the bill that got rejected yesterday?

Well, Pelosi's little speech certainly didn't help.

And any Republican who voted against it because the mean lady hurt their feelings is a fucking child who doesnt deserve reelection.

I could also get into an arguement (that I would win, because Id be right) about whose fault it is that Congress was and is so partisan, but I wont bother, because its obvious to anyone with eyes.

Republicans need to stop trying to blame anyone but themselves for this bill failing and the subsiquent wall street crashing.


Pelosi is just doing exactly what George Bush has been doing in Washington for 8 years. But suddenly a partisan congress is all Pelosi's fault?

Pelosi - the Democrats George Bush

Pelosi - the Democrats George Bush

Except competent and intellegent.

Rolling squid;14056393']is it? My mistake then. What's the bill that got rejected yesterday?
noooo everyone opposed the "give me 700billion to do with as i please with no possible oversight and no right to sue" plan from day 1. they added in lots of oversights, cut the initial amount forwarded, disallowed excessive executive pay and severance plans, and other things that dont come to mind right now.

the entire bill is online in pdf form but i dont have the link. it probably doesnt matter now since they have to rework it in order to get it passed.

it would have passed with democratic vote alone if they had left in the bankruptcy overhaul many of the more liberal democrats wanted--almost the entire congressional black caucus voted against the bill--but they wanted it to be bi-partisan so they added in several things that the republicans wanted including some kind of insurance plan that i didnt get the details of. the house needs to do some serious political work on both sides to get a bill that everyone can live with. it is shocking that pelosi and boehner brought it to a vote without having it be sure to pass.

<snip>.

Ah, thanks.

hmm, I still don't like it, we still should force these businesses to pay us back at some point.

Except competent and intellegent.

And just as useless, shortsighted, and partisan. It's not hard to say that a politician is "more intelligent than Bush," either.

Except competent and intellegent.

that depends on your definitions of competent and intelligent :tongue:

I think she is poison personally

I just hope the darn thing never gets through. The politicians have all become socialists because of the crisis. The government needs to butt out if anything is going to improve.

I just hope the darn thing never gets through. The politicians have all become socialists because of the crisis. The government needs to butt out if anything is going to improve.

History and common sense tend to disagree.


Sorry, Im not that nostalgic for the 30s.

Rolling squid;14056435']Ah, thanks.

hmm, I still don't like it, we still should force these businesses to pay us back at some point.
yeah big time

in theory what we would be doing is buying up debt in the form of mortgage securities--most of which can be paid by the homeowner as long as the economy doesnt completely tank. in the end we should be able to sell the securities for at least as much as we paid for them. (thats why bush said ...yesterday morning?..that we could actually make a profit on this) whether or not that would happen depends on the final form of the bill and how well it is administered.

no one wants to hand banks money that we will never have a chance to get back.

Rolling squid;14056366']Bush is almost doing the right thing. But handing out $700,000,000,000 with no strings attached to the same people who got us into this mess is a mistake. Yes, we should 'bail' out the banks, ect, however, the CEOs and such should have their assets confiscated, and any business accepting cash should either have to pay it back at some point, or become a nationalized company.Hey my golden bloomers are damn nice and you shall not get them you commie.

I really liked GnI's idea - I'm thinking that the government should use it's muscle to force a sale instead - compelling the 'bad debt' stuff to be sold off at a reduced rate, which would let other companies take that off their books, whilst at the same time leaving those other companies some space (because they 'bought cheap') to renegotiate repayments with all the bad debt, cutting the damage to consumers, getting the cash flowing again, getting at least SOME of the debts paid, and freeing the big names to get back on with what they were SUPPOSED to be doing.

Only this time - put some serious oversight on it.

Very Funny. :D

Waffles are glorious.

yes they are. even the rather questionable belgian waffle is damed good food.

Ha, yes. If he could resign now, he'd end on a good note.

I think not.

http://takomaparkibc.files.wordpress.com/2007/08/pt_cheney_0611_narrowweb__300x2971.jpg

Not sure if it's changed since the last I heard about it, but isn't his plan basically giving the failed corporations free money?

If that's the case, then I am opposed to it. Loaning them money with interest, sure, but I'm not in favor of giving these fuckups free cash. I'd like some free money, too. Do I need to wreck the economy first?

I just hope the darn thing never gets through. The politicians have all become socialists because of the crisis. The government needs to butt out if anything is going to improve.

Wow. You sure have a short memory.

Wow. You sure have a short memory.

Well, most extreme Libertarians do. Infact, they have a complete rejection of reality, to be sure.

It's funny how he thinks that we should not have oversight, when not having oversight was kind of the problem to begin with.

Also, Left or Right, Dem or Rep, Capitalist or Commie, this is not a socialist move, this is a common sense move. We cannot afford to do nothing on this. THe ramifications will be far, far, far, FAR worse than this 700 billion dollar bill. Far worse.

I just hope the darn thing never gets through. The politicians have all become socialists because of the crisis. The government needs to butt out if anything is going to improve.

Because that worked out so well, last time.

Waffles are glorious... Especially if they're homemade.

And any Republican who voted against it because the mean lady hurt their feelings is a fucking child who doesnt deserve reelection.

I could also get into an arguement (that I would win, because Id be right) about whose fault it is that Congress was and is so partisan, but I wont bother, because its obvious to anyone with eyes.

Republicans need to stop trying to blame anyone but themselves for this bill failing and the subsiquent wall street crashing.


Pelosi is just doing exactly what George Bush has been doing in Washington for 8 years. But suddenly a partisan congress is all Pelosi's fault?

What about the Democrats that didn't vote for it? They only needed how maw many was it? 12? more democrats to vote for it, I mean why were they against it?