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With several bailouts already passed, I am wondering why more of our members aren't voicing their anger over them. To me, if you don't voice your anger, then you support them.
Is anyone aware that our trusty federal government passed a $25 billion bailout of the auto industry right smack in the middle of the $700 rescue debates last week? Did you think about how shady that was for our government to try to sneak that past us?
Last night, McCain talked of appropriating $300 billion MORE to bailout mortgage holders EVEN though that is SUPPOSED to be part of the $700 billion rescue package.
Yet I see our a great number of our member sitting on their hands NOT voicing their anger over it.
And the most AMAZING thing I have noticed is that it is mostly DEMOCRATS who are the ones voicing their anger. Which goes against all historical logic because we typically love government spending! Or so we are told!
Where are the republicans? Why aren't you all voicing your rage as much as the democrats? How can any good republican keep their "mouths" shut over all these illegal bailouts.
What has happened to the republican party?
Last edited by PatriotsReign; 10-08-2008 at 06:41 AM..
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McCain's new plan he talked about last night would piss me off... he wants to buy mortgages and then forgive the upside down difference between the value and the money owed on a house for home owners...
So then I ask, what do I get for buying a modest house within my income range and being a responsbile borrower?
On on hand, if I just went for the 450k house I knew I couldn't afford, I would be allowed to stay in the house and the difference erased... on the other, I continue to pay on my house that is worth less than I owe, but I can still afford to make the payments....
On one hand, person gets a sweet house they never could afford made affordable in a hand out style bailout... on the other hand you just have the house you should have gotten and did...
Man I sure wish I went for a bigger better house if I knew the government was going to just "make it so"...
McCain's new plan he talked about last night would piss me off... he wants to buy mortgages and then forgive the upside down difference between the value and the money owed on a house for home owners...
So then I ask, what do I get for buying a modest house within my income range and being a responsbile borrower?
On on hand, if I just went for the 450k house I knew I couldn't afford, I would be allowed to stay in the house and the difference erased... on the other, I continue to pay on my house that is worth less than I owe, but I can still afford to make the payments....
On one hand, person gets a sweet house they never could afford made affordable in a hand out style bailout... on the other hand you just have the house you should have gotten and did...
Man I sure wish I went for a bigger better house if I knew the government was going to just "make it so"...
His plan should OUTRAGE conservatives...
Yes, you're right mcgraw...we should ALL be outraged.
When all is said and done and this recession turns around, we're going to be able to see that all the government bailouts did nothing for the average middle class American.
I think lots of people are angry at a national level. But it's kind of nice (to me) that in the middle of this meltdown -- and there was a global selloff last night, btw -- are trying to GET what the hell this is about.
I have plenty of anger but at the same time I am enjoying (around here) the fact that we've at least had substance to bark at each other over.
Tendrils of this thing go way back... I guess that's one thing that makes it seem to me that getting angry right now is pointless. We've been deregulating and tweaking rates to prime investment for a long time now. We have fostered a belief and dependence on high returns, and ignoring the possibility of catastrophic collapse, which is what we're seeing now. We just don't know how catastrophic right now.
In large part we're all chasing returns when we think our home value will go up and no other direction. Institutional investors chase returns because people want to retire at 50 sometimes and die at 90. Or even retire at 65 and die at 90. And of course, the very rich chase returns to get richer.
Look, if a sector of the economy is going nuts in terms of growth, we think of it as healthy growth or strong growth or whatever. If a guy has a temperature of 107, we don't say he has a healthy temperature or a strong temperature.
I'm pissed that human beings are greedy. Sure. I'm pissed that it seems to get worse not better as you meet your primary needs. Sure.
More than anything I am worried that we cannot think in terms of longer than the current crisis in many cases. This election it looks like we're moving forward a little. Everybody seems capable of understanding we need to shore up our energy policy and financial regulatory issues and climate crisis all at once, and for the long haul. But maybe we only see that for 3 months every 4-8 years.
In large part we're all chasing returns when we think our home value will go up and no other direction. Institutional investors chase returns because people want to retire at 50 sometimes and die at 90. Or even retire at 65 and die at 90. And of course, the very rich chase returns to get richer.
PFnV
I like what you said above. To me, I think Americans have become a bunch of babies who always expect things to go our way. All of a sudden, we think we aren't supposed to experience recession. So our government plays with things they have no business playing with (interest rates, mortgages, etc.) to stem off a down turn...yet here we sit on the brink of a historical recession.
Panic seems to abound everywhere as if this isn't supposed to happen to us. Our grandparents would be embaressed.
Republicans are a mess right now. Their base doesn't even stand on its own principles any longer, and they haven't yet figured out a way to blame Clinton for the bailout.
Republicans are a mess right now. Their base doesn't even stand on its own principles any longer, and they haven't yet figured out a way to blame Clinton for the bailout.
A lot of the base is pissed. I don't know why you say that. Everyone is up to their necks in this, democrats and republicans alike. We can have a partisan debate on why our sides aren't as much to blame as the other but I think that's just homerism. I haven't figured out yet though why McCain's vote for the bailout makes all of you guys so angry while Obama's vote for the bailout is either ignored or dismissed.
BTW has anyone even noticed the similarity of McCains new plan to Bush's a few months back? You know the one Dems said didn't go far enough because it didn't help enough people? Well now McCain took it to farther and nows he's gone too far. Quick quiz. How are the two plans similar? How do they differ?
We can have a partisan debate on why our sides aren't as much to blame as the other but I think that's just homerism. I haven't figured out yet though why McCain's vote for the bailout makes all of you guys so angry while Obama's vote for the bailout is either ignored or dismissed.
You haven't? See the sentence just before the boldened one. The power of the left runs deep and long in America. America has drifted so far from the spirit of our founding fathers they would have a hard time recognizing it today.
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"All that is required for evil to triumph is for good to do nothing."
You haven't? See the sentence just before the boldened one. The power of the left runs deep and long in America. America has drifted so far from the spirit of our founding fathers they would have a hard time recognizing it today.
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screw the founding fathers...what are they biblical guys in your book?
So far, not a single person has voiced being pissed off congress approved a $25 billion bailout of auto industry in the middle of the rescue debates.
Do you all believe it was an honest and forthright way to pass such a bill. Basically, you could say it was passed in the middle of a hurricane at midnight.
I'd be fine with one of the big 3 auto makers going out of business. WTF has happened in the USA that we allow companies to get so big, they can't fail even if they SUCK?
Why aren't more people angry?
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