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Re: Merged - "John McCain suspends campaigning..."
I’d like to say that to many of you who are parsing reactions to each parties actions reactions etc. as to the crisis, I for one am all for more of it. I don’t think we need to rush into anything.
Boehner’s ideas to lower the capital gains rate is actually a sound one, huge money markets and pension funds have monies they would free up to finance buyouts of failing banks like Wash. Mutual which has now gone down the tubes and been bought, etc. that’s were that money comes from to drive mergers etc.
If we lowered the cap rate that might free up a lot of dough that wouldn’t have to come from the government and allow other entities, more healthy ones to get in ther and use that cash to make prudent investments and but those that are going down...it is the way things have always been done. In every down turn there are winners too, those that have assets like Buffet who see opportunity to buy in cheap and realize gains 3- 5 years down the road.
So, I am all for them taking their time and doing it right. Letting them convince us they have to get to down now smacks of political bullshit to me, they want to recess to go home and campaign.......screw that and that just adds to the reason why McCain suspending his camp. Was a good move.
They didn’t give 2 shits before this happened, and colluded in this mess, all they care about is their political hides and staying in office.....
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"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose."
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