Welcome to PatsFans.com

Wow, anyone read what Geihtner's plan is?

Discussion in 'Political Discussion' started by Real World, Mar 23, 2009.

?

Are the administration, and Fed, taking the proper steps to correct the economy?

  1. Yes, they are making the right decisions more or less.

    3 vote(s)
    14.3%
  2. No, they are screwing it up, more than they are helping.

    14 vote(s)
    66.7%
  3. I got no clue. Unless it's the Pats salary cap, economics sounds Chinese to me.

    4 vote(s)
    19.0%
  1. Real World

    Real World Moderator Staff Member

    Joined:
    Aug 15, 2006
    Messages:
    27,136
    Likes Received:
    223
    Ratings:
    +533 / 6 / -2

    Up to another trillion dollars to buy the BS loans these crook bankers handed out? Is he nuts? And why? Well, so banks can get back to giving out more bad loans I guess. These people truly have no clue. Failure is an option, is what they should have been thinking from the start. This idea that nothing can fail, is flawed. Only through failure will the market, people's behavior, and the economy, genuinely correct itself. By taking additional taxpayer funds, to buy up irresponsible "assets", the only thing the gubmit will be doing, is whizzing on the dollar (hello inflation), while ignorantly preventing the market to naturally settle itself. Propping up home prices, or values, is retahdid! I'm truly at a loss for words over this goal the gubmit, and fed, keep pushing. I guess we shouldn't be surprised that the very people (the gubmit & bankers) who think "affordable housing" means putting people into a loan that they can "afford" for a short period of time, but can't "afford" long term, wouldn't have clue.

    BTW, I know a handful of people in the last 6-12 months, who have had ZERO problem getting financing for a newly purchased home, or refi'ing an existing mortgage. Why didn't they have a problem at all (point being credit is available)? Cuz they had excellent credit, and amazingly, actually put money down on their purchase.


    OPINION MARCH 23, 2009

    My Plan for Bad Bank Assets

    The private sector will set prices. Taxpayers will share in any upside.

     
  2. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

    Joined:
    Nov 10, 2005
    Messages:
    40,211
    Likes Received:
    196
    Ratings:
    +667 / 2 / -9

    This administration and this Congress will destroy the Democratic Party, they won't see the power they have now for another 75 years, Left Wing Liberal Socialism is self destructing before our very eyes, Good Riddance.

    GOD HELP US SURVIVE THE NEXT FOUR YEARS

    GOD BLESS JESUS
     
  3. tanked_as_usual

    tanked_as_usual Banned

    Joined:
    Jan 2, 2007
    Messages:
    4,981
    Likes Received:
    7
    Ratings:
    +7 / 0 / -0



    I'd rather depend on myself than any relgious icon for my survival..........he can have his way with my rotting corpse
     
  4. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    31,626
    Likes Received:
    217
    Ratings:
    +512 / 13 / -11

    #24 Jersey

    Trillions are the default now - what's the big deal to add another one ?

    ;)

    :bricks:
     
    Last edited: Mar 23, 2009
  5. Patriot_in_NY

    Patriot_in_NY Veteran Starter w/Big Long Term Deal

    Joined:
    Jan 1, 2007
    Messages:
    8,550
    Likes Received:
    19
    Ratings:
    +34 / 0 / -0

    I put "no clue", but not because of the salary cap ;)

    From what I gather is that it's kinda like an outline. There is not much specific to really sink your teeth into. Also, the premise sounds odd to me. Sound's like a bunch a smoke and mirrors, particularly the "toxic assets" crap.

    It's like if the BB SB game plan was "We're gonna pass the ball some, and then we're gonna run it a bit more, and not let those other guys do either".

    Not that it won't work, but it's leaves you scratching your head saying.... "Okay.... ummmmm, but HOW"?
     
  6. wistahpatsfan

    wistahpatsfan Pro Bowl Player

    Joined:
    Jul 30, 2005
    Messages:
    15,675
    Likes Received:
    11
    Ratings:
    +13 / 0 / -1

    #75 Jersey

    AMEN to that!
     
  7. PatsWSB47

    PatsWSB47 Veteran Starter w/Big Long Term Deal

    Joined:
    Mar 13, 2007
    Messages:
    7,878
    Likes Received:
    88
    Ratings:
    +172 / 0 / -1

    #12 Jersey

    Wow, anyone read what Geihtner's plan is?

    Was that question for us or Congress?
     
  8. Leave No Doubt

    Leave No Doubt PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    May 10, 2008
    Messages:
    5,609
    Likes Received:
    10
    Ratings:
    +10 / 0 / -0

    :rofl::rocker: good one! As to the topic- nothing surprises me at this point. Nothing. The market's up tho,supposedly in response to this plan LOL. That's scary right there ;)
     
  9. Leave No Doubt

    Leave No Doubt PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    May 10, 2008
    Messages:
    5,609
    Likes Received:
    10
    Ratings:
    +10 / 0 / -0

  10. Real World

    Real World Moderator Staff Member

    Joined:
    Aug 15, 2006
    Messages:
    27,136
    Likes Received:
    223
    Ratings:
    +533 / 6 / -2

    The market is up cuz all the banks are going to have their "toxic" assets wiped off the books. Investors are buying in low now. The problem is whether or not a lesson was learned (no IMO), and what another trillion(s) will mean for us taxpayers moving forward.

    Nice!

    [​IMG]

    Deficit Projected To Swell Beyond Earlier Estimates

    CBO Expects Trillions More in Borrowing

    By Lori Montgomery
    Washington Post Staff Writer
    Saturday, March 21, 2009; Page A01

    President Obama's ambitious plans to cut middle-class taxes, overhaul health care and expand access to college would require massive borrowing over the next decade, leaving the nation mired far deeper in debt than the White House previously estimated, congressional budget analysts said yesterday.


    U.S. Budget Deficit to Balloon, CBO Says - washingtonpost.com

     
  11. Leave No Doubt

    Leave No Doubt PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    May 10, 2008
    Messages:
    5,609
    Likes Received:
    10
    Ratings:
    +10 / 0 / -0

    Yup, scary stuff. Interestingly enough ;) , the foreign firms are Drooling over our "stimulus money". Dear Tim G: maybe it's a zombie idea because it su*ked the first time it got rolled out:confused2:

    washingtonpost.com

     
  12. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

    Joined:
    Jan 4, 2005
    Messages:
    24,870
    Likes Received:
    108
    Ratings:
    +239 / 8 / -13

    Here is Steve Forbes on Morning Joe breaking this down and getting into taxes at the same time ~ 7.5 min long. Best explaination I've heard about what is happening. Wish this guy had become President...

    Steve Forbes On Morning Joe
     
  13. tanked_as_usual

    tanked_as_usual Banned

    Joined:
    Jan 2, 2007
    Messages:
    4,981
    Likes Received:
    7
    Ratings:
    +7 / 0 / -0

    better live out your bucket list now.......
     
  14. Real World

    Real World Moderator Staff Member

    Joined:
    Aug 15, 2006
    Messages:
    27,136
    Likes Received:
    223
    Ratings:
    +533 / 6 / -2

    Man, a flat tax that allowed a family of four to pay no federal income tax up to $46,000, sure sounds awesome.
     
  15. tanked_as_usual

    tanked_as_usual Banned

    Joined:
    Jan 2, 2007
    Messages:
    4,981
    Likes Received:
    7
    Ratings:
    +7 / 0 / -0

    except that it eliminates any leverage the libbies ever had..........

    the only reason a flat tax won't go down is that when it comes to taxation, it would almost eliminate the difference between dems and repubs
     
  16. Real World

    Real World Moderator Staff Member

    Joined:
    Aug 15, 2006
    Messages:
    27,136
    Likes Received:
    223
    Ratings:
    +533 / 6 / -2

    Both parties have a vested interest in controlling the tax code. The tax code is a means where which each can try to shape behavior, or direct charitable giving. I wouldn't pin opposition to tax reform, or simpilization, in the form of a flat tax, or consumption tax, solely on liberals. There are forces on both sides who don't want to see the current system eliminated. The IRS (tax code) wields to much power to surrender.
     
  17. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Sep 13, 2004
    Messages:
    41,799
    Likes Received:
    180
    Ratings:
    +367 / 11 / -27

    Always been a huge fan of his tax plan.. but what would they do with all the IRS people.. things like this that become institutionalized, and in all likelihood will never change..
     
  18. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

    Joined:
    Nov 10, 2005
    Messages:
    40,211
    Likes Received:
    196
    Ratings:
    +667 / 2 / -9

    I've had it, f--k everybody, Spring is here soon I will be doing some clamming with my neighbors wife, she looked like a bucket of sh!t last fall but I met her yesterday in the supermarket and she looked a lot better, she had a new synthetic tit atttached to where the old one used to be, nobody was in the bakery area so we went over there and she showed me her new tit it's not bad but it seems to be a little to far off mark, it's almost under her arm, the hair from her armpit makes it look like there's hair growing out of her tit but at our age who gives a sh!t, when I'm drunk she looks like a f---ing movie star, especially when she's bent over a clam hole in the mud.

    Don't worry about America just sit back and watch these Liberal Democrat clowns destroy themselves with their new found power, Messiah Barry is having fun, we gave America to him to "play with"

    :bricks:
     
  19. reflexblue

    reflexblue PatsFans.com Supporter PatsFans.com Supporter

    Joined:
    Aug 11, 2006
    Messages:
    17,349
    Likes Received:
    47
    Ratings:
    +130 / 4 / -0

    #91 Jersey

    I heard it was warmed over .......Bush policy from last fall.
     
  20. Stokes

    Stokes In the Starting Line-Up

    Joined:
    Sep 1, 2006
    Messages:
    2,423
    Likes Received:
    1
    Ratings:
    +1 / 0 / -0

    I am at least encouraged that they are back to focusing on the real problem, which is opening up credit again, but it makes me even more disappointed that they flushed 1.5 trillion down the toilet before getting around to, you know, solving the actual problem. Hopefully this will achieve what the original $700b failed at, though if the toxic assets are really as bad as we think they may be, there still won't be much of a market.
     

Share This Page

unset ($sidebar_block_show); ?>