Comments on: The House Rejects Bailout. Not good… http://targuman.org/blog/2008/09/29/the-house-rejects-bailout-not-good/ Translating my thoughts into words. Tue, 07 Feb 2012 20:49:27 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Chris Brady http://targuman.org/blog/2008/09/29/the-house-rejects-bailout-not-good/comment-page-1/#comment-36086 Chris Brady Mon, 29 Sep 2008 23:39:05 +0000 http://targuman.org/blog/?p=2009#comment-36086 So the best plan is no plan? Just let is ride? So the best plan is no plan? Just let is ride?

]]> By: Jeremiah http://targuman.org/blog/2008/09/29/the-house-rejects-bailout-not-good/comment-page-1/#comment-36084 Jeremiah Mon, 29 Sep 2008 23:28:05 +0000 http://targuman.org/blog/?p=2009#comment-36084 How about actually letting the market correct? The government has been using inflationary spending to float the economy for way too long. How about actually letting the market correct? The government has been using inflationary spending to float the economy for way too long.

]]> By: :mic http://targuman.org/blog/2008/09/29/the-house-rejects-bailout-not-good/comment-page-1/#comment-36082 :mic Mon, 29 Sep 2008 21:41:06 +0000 http://targuman.org/blog/?p=2009#comment-36082 The rejection is actually good, because the original bailout was tampered with to the point that it no longer resembles a working plan - and includes provisions for the government to go even further into financial areas of which it is not allowed under capitalism. The democratic leadership DISMISSED the republican contingency from the final stages of revision and wrote whatever they wanted. This is doomed for failure because 1) it oversteps the bounds of government in a unilateral fashion, and 2) the GOP will not support a bill which it was excluded from writing (the same would be true if the parties were reversed). Ultimately, this is the democratic party's way of covering up their dirty hands in the Freddy Mac and Fannie Mae scandals and the republican party is refusing to help them do so. It is not that there is the ignorance of the pressing need on behalf of the GOP that is the problem - i.e., they are not just throwing 'hurting families' under the bus - but the democratic leadership that is taking the long stretch to address a 'crisis situation' (remember, they have the authority of calling up votes and setting time tables for this legislation. What is happening between the two parties is that the dems are scrambling to save face while the GOP refuses to help them escape the consequences of their own actions and repeated lack of installing oversight for these companies. That's a short answer. The rejection is actually good, because the original bailout was tampered with to the point that it no longer resembles a working plan – and includes provisions for the government to go even further into financial areas of which it is not allowed under capitalism. The democratic leadership DISMISSED the republican contingency from the final stages of revision and wrote whatever they wanted. This is doomed for failure because 1) it oversteps the bounds of government in a unilateral fashion, and 2) the GOP will not support a bill which it was excluded from writing (the same would be true if the parties were reversed).

Ultimately, this is the democratic party’s way of covering up their dirty hands in the Freddy Mac and Fannie Mae scandals and the republican party is refusing to help them do so. It is not that there is the ignorance of the pressing need on behalf of the GOP that is the problem – i.e., they are not just throwing ‘hurting families’ under the bus – but the democratic leadership that is taking the long stretch to address a ‘crisis situation’ (remember, they have the authority of calling up votes and setting time tables for this legislation. What is happening between the two parties is that the dems are scrambling to save face while the GOP refuses to help them escape the consequences of their own actions and repeated lack of installing oversight for these companies.

That’s a short answer.

]]> By: Owen http://targuman.org/blog/2008/09/29/the-house-rejects-bailout-not-good/comment-page-1/#comment-36079 Owen Mon, 29 Sep 2008 20:40:42 +0000 http://targuman.org/blog/?p=2009#comment-36079 The best option IMO is to let things settle down on their own. I seriously doubt anyone has the adequate knowledge to be able to solve this crisis, and using money like this may not help at all, and by implication, will in fact hurts things more than help. Plus, no bailouts means corporations have to take on more reasonable risks. The best option IMO is to let things settle down on their own. I seriously doubt anyone has the adequate knowledge to be able to solve this crisis, and using money like this may not help at all, and by implication, will in fact hurts things more than help.

Plus, no bailouts means corporations have to take on more reasonable risks.

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