If it's one thing our elected officials know Imperator, it's that Americans do not know their history. Heck, Hil-liar-y is most adept at re-writing it herself. Wouldn't surprise me at all if this tactic worked for them. Unless McCain and others turn this back on them and start making the real comaprisions between Hoover and the Dems, as you did, the willing accomplices in the MSM will run with it. Of course even then, most Americans probably would not get it anyway. Thinking about it takes away from their American Idol time.

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American by birth.
Conservative by the grace of God.

200billion is far less than those companies have paid in taxes to the federal govt over the years, so think of this as a give back, instead of a give away.

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http://www.fairtax.org

Elminate all taxes on income and replace with a national sales tax.

You have got to be kidding.

I am in full agreement with everything you say here.

Is that a sign of the apocalypse?

No it's my Jedi posting skills ...................

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“The thought of his being president sends a cold chill down my spine.”

Senator Thad Cochran, Mississippi (R)
on McCain

“I decided I didn’t want this guy anywhere near a trigger.”
Senator Pete Domenici, New Mexico (R)
on McCain

“My anger did not help my campaign ... People don’t like angry candidates very much.”

McCain on McCain

But where's that group that's always bitching about the "free market?"


And of course, never mind that benefits are being given to institutions that have never paid for the protections they're receiving. If they want these low-interest loans, fine, but they damn well better expect to have to buy into the system, and to be as regulated as all the other banks.

Otherwise, if there's going to be a panic, let there be a panic. It's about time these bastards accept the consequences for their actions.

You prefer deficits so you can also service the interest expense?

No, I prefer a much reduced govt with greatly reduced spending, thus decreases in the onerous tax burden we all bear. There are too many people living off the govt (whether through employment or entitlements) and it needs to stop IMO.

wrxsti;
No, there appears to be a great more scope for punishment yet;

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668.....the neighbour of the beast.

You understand the concept of intrest?

If I won the lotto I would put millions in the bank just to collect interest.

I guess you dont understand how the economy works?

How you think SS works? why you think they the government are against "personal accounts"?

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America’s political correctness is a disease that will bring down our once fine nation.

Not only banks, but the additional plans are to: Bail-out homebuilders who made a fortune over the last 15 or so years, & who were also instrumental in unqualified buyers obtaining high risk loans? "Make that sale, whatever it takes, attitude."

Then, they want to bail out the irresponsible home-owners that bought a home they could not afford in the first place? With nothing down, they somehow qualified for mega-mega bucks. When the payment went up, it was easy for them to walk on the mortgage. They had no colateral (cash down) to lose. Then we have our fix it & flipers. Investors who bought a home one month, did a little painting, & sold for major profit the next month. I can't believe that "Flip that house", is still shown on T.V. Many of them got caught up in this. Now, some of them own several properties that they couldn't sell right away, that are now in foreclosure.

58 million Americans own homes today. 4 million of them are in default, because of greedy mortgage brokers, & irresponsible home buyers, who now want us to believe that they didn't understand what an ARM (adjustable rate mortgage was.) This means that 54 million of us still make our mortgage payments on time, & are not in default.

We saw the Federal Reserve Bank jump in to save Bear Stearns, due to the sub-prime mortgage crisis. Former fed chairman Allan Greenspan states that the current federal reserve "overstepped" it's boundaries. Some are blaming Greenspan for the current crisis, because he apparently introduced the adjustable rate mortgage, back in the 1990's. Who knows?

What I have a problem with, is that millions of Americans got slammed when the high-tech bubble & stock market came crashing down. They didn't get bailed out. Employees or investors of Enron, Worldcom & other companies didn't get bailed out. Americans lost their jobs, their retirements, their homes, & about everything they had worked for all their lives. No bailout.

Yet now, congress & democrat Presidential candidates are rushing in to ease the pain. Which means, the other 54 million of us, who maintain our credit & who often times work two jobs to pay the bills, get stuck for the tab for the 4 million who don't.

The only candidate who says no bail out is John McCain.

If there were personal accounts, the government couldn't get their hands on it. That's why they're against it.

So are we to continually bail out Americans who make bad financial decisions?
If that's the case, then I'll be one of the first in line, for some of the mistakes I have made with investments. "With my hand out ready to take your money."

I doubt there was anyone forcing those "poor" people to buy homes, that they couldn't afford. I have taken out many mortgages in my 55 years. Buyers have to sign an agreement called a full disclosure statement regarding the terms of their mortgage, long before the loan closes. They then have 3 days to reject the terms of the mortgage & back out.

This is the fault of greedy mortgage brokers, & ignorant homebuyers that went for an adjustable rate mortgage, in order to get more house than they could afford. It's the bank, the homeowners, the underwriters fault, & I don't feel sorry for any of them.

I sure don't want to pay for any of their bad financial decisions.

read the fine print ,,,, even Mcain is for the bail out... where does one think that he is getting his money?

From what I have read, the only ones not truely in the pockets of the much hated rich and large corp would be one of the other parties running some one for President.

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Fear the Government