Obama camp lie

[deb]

I find it quite amusing that the posts here are extreme left or extreme right on the stock market.

The truth lies in the middle.  Deregulation did contribute to the current state of affairs,  but so did the leftists policy of making housing and credit more available to unqualified people.

If anyone has worked with investment bankers, you know that the main objective is to make the "plan" something they can sell.  In addition to encouraging people to invest money in potentially risky schemes, the fees paid to successful investment firms are sizable.  There is plenty of incentive to paint a rosy picture of a potential investment and then disclaim everything you present. The other side of this is that the investors are aware that many investments are risky, and they know up front that if they invest in 10 risky opportunities, they will make nothing on some, a large percentage on others and lose a large amount on others.  The goal is to average the portfolio at some acceptable return.........and granted that return is considerably more than the conservatives get from their local bank.  Given this, these investors should be allowed to sink or swim without the benefit of a taxpayer bailout. 

As far as regulation of banks and insurance firms, I'm all for reimplementing the consumer protection clauses that once kept these companies from raping customers. 

If you watch the stock market, you will notice that there is a lot of discussion of "guidance" aka guestimates that are published by companies.  The market fluctuates considerably based on this guidance, and I believe this give companies ample opportunity to manipulate stock prices yet does nothing to insure that the information published is credible.  In other words, what are the penalties to a company for being over optimistic about their performance?

These are just a couple of the "problems" that aren't being discussed.  But don't despair, the government solution will be just as convoluted as the problem.  Look at the Sarbanes Oxley bill that followed Enron.  There just isn't enough common sense in Washington to solve a problem, but they do an exceptional job of creating new ones.

I personally don't want to be invested in a bunch of bad debt.  I'd rather be allowed to keep those tax dollars and invest them in something that will at least be worth the principal amount years down the road.

[qtfoot]

Private investers should not be bailed out with taxpayer money. Bush says it will damage the economy. It is already in shambles so NO BAILOUT for any private company where rich investers took a chance and lost. Taxpayers did not speculate, so don't give it to those rich investers.Let them do as I have to do...Live with it.

[Harley Ultra]

Private investers should not be bailed out with taxpayer money. Bush says it will damage the economy. It is already in shambles so NO BAILOUT for any private company where rich investers took a chance and lost. Taxpayers did not speculate, so don't give it to those rich investers.Let them do as I have to do...Live with it.

Prosecute Johnson and Raines, start there and then let the investors bail out the bad banks. They will buy the homes for pennies on the dollar, and reinvest in the country.

Deregulation was not what caused this, laws were in place they were broken again, and again.

[FoulBreeze]

Private investers should not be bailed out with taxpayer money. Bush says it will damage the economy. It is already in shambles so NO BAILOUT for any private company where rich investers took a chance and lost. Taxpayers did not speculate, so don't give it to those rich investers.Let them do as I have to do...Live with it.

qtfoot, you are correct, we should let the Financial Future Speculating Banks crumble. Marx was spot on when he forecasted this, Un-Bridled Capitalism is Tyranny. Always has been, always will be. Bigger Fish eating Smaller Fish eventually ends in Genocide. "Higher un-employment, fewer jobs, slower growth" says Bernanke. It's coming, and although all the Rush Limbaugh and W. Bush rhetoric says otherwise; we HAVE to regulate, oversee, Nationalize, and put under public control all of these corporations that have had free reign to do whatever they please and answer to NO ONE.

When you paid $5.00 / gallon for gasoline last week, did you not feel proud of Private Ownership of your energy needs? Henry Paulson is a retired CEO of Goldman Sachs--he's never felt the pain you or I do in keeping our houses in order. He nor none of the Corporate Fascist Republicans in DC, have ever had to turn their hand to bring home the bacon--and they are the ones, who through their greed, have brought our economy to this stand-still, and they now demand $3,000 from your billfold to insure their retirement.

McCain is now so twisted in his beliefs that he cannot stand to take questions from a moderator, when he himself cannot remember how many houses he owns. He too is so far removed from reality that he doesn't understand any of our pain, and he is too ashamed to face reporters Friday, for his own excesses will be under greater scrutiny.

[deb]

Foul, being successful doesn't make one a fascist.  You really seem to have an attitude toward people who have "made it".

I'm sure you know successful people who have worked hard and created a good life for themselves.  You come across as being bitter or jealous toward those people.

Don't give up, work hard and maybe one day you too can be successful.  When you make it big by your own determination and hard work, we promise not to label you a fascist.

Just don't expect the government to had you success in the for of a U S Treasury check.

[FoulBreeze]

Foul, being successful doesn't make one a fascist.

Corporate owned Republicans who work for and cater to Oil Companies, Auto Manufacturers, Airlines, and now Financial Corporations; and just pay lip service to the real grunts who supply them with their salaries ARE Fascists ... specifically Corporate Fascists, and we witnessed Corporate Fascism in Italy and Germany in the late 30's--we KNOW where it leads.

[Harley Ultra]

qtfoot, you are correct, we should let the Financial Future Speculating Banks crumble. Marx was spot on when he forecasted this, Un-Bridled Capitalism is Tyranny. Always has been, always will be. Bigger Fish eating Smaller Fish eventually ends in Genocide. "Higher un-employment, fewer jobs, slower growth" says Bernanke. It's coming, and although all the Rush Limbaugh and W. Bush rhetoric says otherwise; we HAVE to regulate, oversee, Nationalize, and put under public control all of these corporations that have had free reign to do whatever they please and answer to NO ONE.

When you paid $5.00 / gallon for gasoline last week, did you not feel proud of Private Ownership of your energy needs? Henry Paulson is a retired CEO of Goldman Sachs--he's never felt the pain you or I do in keeping our houses in order. He nor none of the Corporate Fascist Republicans in DC, have ever had to turn their hand to bring home the bacon--and they are the ones, who through their greed, have brought our economy to this stand-still, and they now demand $3,000 from your billfold to insure their retirement.

McCain is now so twisted in his beliefs that he cannot stand to take questions from a moderator, when he himself cannot remember how many houses he owns. He too is so far removed from reality that he doesn't understand any of our pain, and he is too ashamed to face reporters Friday, for his own excesses will be under greater scrutiny.

True un-bidled capitolism is good for the small fish. The Government getting involved is what changes everything. Without investors investing in communities the small fish would not be able to own anything, the government handing out money makes slaves to the state, and they will never be able to help themselves. You and your socialist liberal friends think you can fix the world by taking what I hard working people earn and handing it to people who act like baby birds waiting in the nest for food. All that does is turn them into helpless people with no souls, and no chance of ever making life for themselves. We hear how Americans owe the black community for slavery, so the government continues the slavery by handouts.

[Harley Ultra]

Corporate owned Republicans who work for and cater to Oil Companies, Auto Manufacturers, Airlines, and now Financial Corporations; and just pay lip service to the real grunts who supply them with their salaries ARE Fascists ... specifically Corporate Fascists, and we witnessed Corporate Fascism in Italy and Germany in the late 30's--we KNOW where it leads.

You are just fat wrong, must of the executives of these companies are big donors to your liberal friends. You need to open your eyes to what is happening around you, while you are drinking the kool-aide and acting as a sponge to the liberal lies. The bottom line is the socialist are trying to beat down the working people to be submissive to make more money for themselves while screaming rich republicans, while they line their pockets.

[qtfoot]

Prior to the Bill Clinton terms we had a law that would have prevented this bail out. Congress passed and Bill Clinton DID NO VETO the bill to repeal the GLASS-STEGALL LAW OF 1933.FDR was smart enough to see this type of thing taking place. John McCain saw the importance of this bill and refused to vote for its repeal. Almost all of the senators and representatives from both sides of the aisle voted to repeal the important law. McCain did not vote for repeal.
http://www.debatepolitics.com/economics/36561-mccain-glass-steagall-crash.

[chaseme6375]

I know two red blooded Americans who whole heartedly agree with bedman.  For instance, why did Obama run as a Black man instead of just a MAN. This already caused division instead of unity. This is NOT God's plan. Fortunately this is just the preliminaries and not the actual presidency, which means that we can do something about it. We have the opportunity to prevent division in the White House and in the Nation.

Not being republican or democrat, we thought long and hard about who would be the best candidate for ALL, not just ourselves. It has been revealed.

McCain has laid his life on the line for our country. We deserve someone of his caliber as our nations leader. We ALL can feel secure knowing that he has our best interest in his heart and mind.

Palin doesn't hide behind formal wear. She has the passion to bring this country to a higher level. Not through intellectual battlegrounds and jargon, but through the heart and true integrity of what this country stands for and can be again.

As proven by her track record, Palin gives back to her people and I for one want to be one of those people.

[grantpk]

Prior to the Bill Clinton terms we had a law that would have prevented this bail out. Congress passed and Bill Clinton DID NO VETO the bill to repeal the GLASS-STEGALL LAW OF 1933.

Can't blame Clinton for this one -- sorry.  The Gramm-Leach-Bliley act of 1999 was "veto-proof" in that it was passed by a greater than 2/3 majority of both the House and Senate.  Note also that a) the three authors of this bill were Republicans and b:) at the time, we had a large Republican majority in both houses, so to imply that the Democrats are at fault here is totally wrong.

BTW, the supplied link doesn't work but I did a bit of checking and this may be the correct link to the blog page qtfoot submitted as a reference.