-
Website
http://www.americablog.com/ -
Original page
http://www.americablog.com/2008/09/nyt-us-was-literally-days-away-from.html -
Subscribe
All Comments -
Community
-
-
Top Commenters
-
Popular Threads
All Comments
2) Want to see jail time/confiscation of assets of those responsible for this debacle.
3) Want to see the American people get off their fat asses and demand, DEMAND responsible, transparent government from all political parties.
After the Savings and Loan disaster (someone had to help Keating, my friends), the deregulation continued.
This bailout is suspect. I don't see that the financial industry will be on solid ground after this.
Paulson has no idea how much bad debt is around.
Also this is so sudden.
The only thing congress should do is shore up the FDIC and raise the amount to $500,000. Let people get their money out of doubtful funds without penalty and put it in insured bank accounts.
Anyone else notice how quiet Bill Clinton has been?
He signed the deregulation bills.
If Paulson is so smart, how come he didn't see this coming a long time ago?
I don't want to walk over the cliff with this guy.
This started with deregulation in the 80's during the Reagan era. Now things are coming to a head (Even the surplus time of clinton carried on the deregulatory effects). The deregulation was motivated by greed.
To use an Edwardian quote There are two Americas
The Free market capitalistic america of you and me the people where if you make the slighest slip you will go broke . You are only a pay check away from being a Hobo. If you fail its all your fault
And then you have the socialistic America of the corporate world. The world of greedy gamblers. They take the worst decisions but as they fail they are bailed out by the govt using your money
The Capitilist economy is a sham and american dream is a myth. The myth put forward by the 1% who attain thier dream on the back of the dumb 99%/
The biggest and the saddest thing is that the STUPID AMERICAN DOES NOT GET IT!
top to bottom
time to turn it around
BOTTOM TO TOP
This is the beginning of the dark times. Stock up. There is no plan anywhere that can stop it now.
a trillion here. a trillion there.
George Bush has already raised our taxes . . . big time!
Only, America has not yet received the bill.
Bernanke: Seeing 1931 all over again.
Cheney: In his counting house counting out his money.
Paulson: the American Theocratic Socialist Republic's Commissar.
Palin: praying to the Lord for a good economy.
McCain: angry cartoon chipmunk, jumping up and down on the wreckage.
Obama: cool, knowledgeable, presiding over the wreckage presidentially.
helping themselves to you.
WORST. PRESIDENT. EVER.
McCain is no neophyte on economic issues... he's just horribly, disastrously wrong on economic issues.
into their pockets
as quickly as possible
and at any cost(s).
I pray for the safety of Barack because it's beginning to look like the Republicans have only one way to stop him from reaching the Whitehouse...
have family there, Lee.
The response from we fiscally responsible Liberals to the intentional irresponsibility of the 'conservatives' needs to be this:
1) reinstate every single FDR-era regulation that kept America strong and healthy for over 50 years (until the anti-American Republican Party de-regulated everything just so they could destroy America).
2) Minimum mandatory jail sentences of 20 years for all CEOs that planned this (terrorist) attack on America. AND 20 year jail sentences for GOP legislators, like John McCain, that used their political power to intentionally destroy America.
3) Asset seizure of every CEO and legislator that participated in the pillaging of our once-great nation.
4) Any company that moves their HQ out of USA, or outsources more than 10% of their labor, is to be publicly branded an Foreign Agent and subject to high tariffs and even higher tax rates. They will also have to prove to that they are providing a beneficial service to the people of the US in order to get a business license here. Halliburton, for example, will never be able to qualify, and be permanently banned from doing any business in USA.
5) Death sentence for all corporate entities that intentionally acted to damage and destroy the US economy. Revoke their business license permanently (and jail the officers for 20 years). Apply this rule to any corporation that 'outsources' their labor just do they can destroy the lives of hard working Americans.
6) Reinstate the tax rates that we had in the 1950s and early 1960s on both corporate and human citizens, which were 50% and 90%. The American economy was at it's strongest in those years and no one had any problems paying those tax rates (those rates certainly didn't prevent investment in infrastructure or all those other lies the GOP has been making up since Reagan was installed by the first Bush president).
7) Nationalize all fiscally irresponsible financial institutions and cap the executive salaries at 7X the lowest paid worker. Increase the lowest paid worker's wages to a decent living wage and guarantee the COLA raises at (true) inflation plus 5% every year.
8) Stop all wars and bring our troops home where they can help rebuild America's crumbling infrastructure. Jail all executives of war profiteering companies and nationalize the businesses that engage in war profiteering.
9) Divert war profiteering funds into rebuilding America, providing health care to all human beings within our borders, building non-oil and non-nuclear power sources and more efficient power transmission lines - in short, beefing up exactly that which makes our country strong.
10) Reduce military programs to reasonable levels, and divert the trillions of dollars handed to war profiteers back into US infrastructure and support of We, The People. Use the money to buy back the debt that the GOP has sold - make America independent again instead of being owned by Communist China.
11) Re-instate the Fairness Doctrine, so that the lies of Rush Limbaugh and the GOP can be refuted. Yank all Fox News broadcast licenses nationwide since they are propaganda outlets for foreign nationals who are known to be enemies of America. Airwaves now controlled by Fox will be dedicated to correcting the record of lies that Fox has perpetrated on the American Citizen.
12) Restore our education system to what is was before the GOP began their dumbing-down plan. Critical Thinking Skills will be mandatory curriculum for all grade levels, and mandatory at all colleges and universities, with a heavy emphasis on using Fox news as examples of how to spot enemy propaganda.
13) Re-establish international relations with all nations. Pass UN resolutions that the US has been inexplicably refusing (like the Comprehensive Test Ban Treaty, or the Rights of the Child). Dismantle the WTO and go back to the tax and tariff system. Comply with treaties we have already signed and ratified that are now the Law of the Land (such as the Nuclear Non-Proliferation Treaty).
14) Immediately release all non-violent drug 'offenders' to non-profit organizations that will train them and re-integrate them into society. Reverse all drug laws. Make gun ownership laws commensurate with population density. Train the unemployed and encourage companies to set up in high-unemployment areas and provide full benefits and good wages to employees there. Reduce crime by giving people a decent opportunity.
And that's just the start. If America did this, our economy would grow healthy again and we would be a respectable nation once again, like we used to be before the Republican Party and their Democratic helpers intentionally ruined America.
- nationalized controls on banking, energy, transportation and other major industries
Those rescued corporations, in a thorough housekeeping, should have collapsed. What we just witnessed was a false flag attack on the economy that scared people enough to look away while a fresh set of economic supports were poured into the trough that feeds the Plutocrats. The public doesn't own a thing here, this is not socialism for anybody, it's just feeding time at Animal Farm.
If you don't write to your Congressmen and Senators they will just walk over you by giving them the impression you don't care what the outcome is. I would especially target Senator Dodd, Senator Schumer and don't forget Senator Bunning who asked where all this money for the bailouts was coming from when Paulson came begging hat in hand to bail out Fannie and Freddie. Don't let this garbage legislation go forward without comment to your repsective representatives especially the three mentioned. It's too close to the election to let this one slip by.
Here are the urls...http://www.senate.gov/
http://www.house.gov/
Remember, you get the government you vote for. Tell these fools they are on notice and the election is only 7 weeks away. it's time to get the Fed as well as private enterprise off the tax payers back
I don't think you understand what's going on here. I'm 46 years old and i've never seen such fear in Washington or WallStreet. These guys are scared. period. The last thing we want to do is be in 1928 and think everything is ok while doing the Charleston and drinking gin. Ask your grandparents about the depression. Some of it was so awful they don't even talk about it, but it defined their lives. WWII didn't define their lives the depression did.
Oh yeah, after 911. THAT was also above partisanship...seems to me I recall though the republicans stringing us along on that, until WHAM...suddenly we were the part of Osama Bin Laden, we were weak, we wanted to leave Iraq in shame, and not "win", and...
And they used all the toys they got by us playing nice, and I am convinced they use the wiretapping also for political gain. Every time Jimmy Carter, or some other supposed person of honor says "Bush is the worst president we've ever had" they come out two days later hemming and hawing about how they "didn't really mean THAT...but...gosh...you know...a guy says stuff and...you know"
Just imagining "hey jimmy, you know we have telephone calls from you to...."
saves the day,
because
Wall Street Begged for it!
LOL!
According to Naomi Klein, it's been the plan along.
http://www.crooksandliars.com/2008/09/20/naomi-...