The Economy

[Puckstop31]

This place is getting boring, what with all the Palin bashing. Lets talk about something that REALLY matters.

An excellent analyisis of how the current crisis came to be. And, before you bash the source know that Glenn beats up on EVERYbody in this.

http://www.glennbeck.com/content/art...cle/198/16171/

Whatever the answer is... IT is NOT the government.

[Grace]

Thanks for the link. I've skimmed it and plan to read it thoroughly after dinner.

Here's an article that helped me understand some of what has been going on. It was in last week's issue of NEWSWEEK. Explained what credit default swaps are.

[Puckstop31]

Thanks for the link. I've skimmed it and plan to read it thoroughly after dinner.

Here's an article that helped me understand some of what has been going on. It was in last week's issue of NEWSWEEK. Explained what credit default swaps are.

I did read this article.... And it is true. But it leaves A LOT out. I felt it left the burden soley on Wall Street. While Wall Street clearly has some blame, the environment that made it possible is on the governments hands.

Note GOVERNMENT and not a particular party.

Glenn's article made me take note of something interesting... The bail out legislation will not solve the issue, only delay it until after the elections...

Our government keeps selling us out, just to stay in power.

[Puckstop31]

Geeee, what a shocker. A politician playing the race card.

http://www.breitbart.com/article.php...show_article=1



"...That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

[Puckstop31]

Some more... Now this is not a 30 second sound bite. You have to pay attention to this. Feel free to google anything said in this. I fact checked this myself before posting.

http://www.youtube.com/themouthpeace

No comments about the original post?

[Grace]

Newt Gingrich has an opinion, and is not shy about expressing it.

[Puckstop31]

Very interesting Grace. Thanks for posting.

Things are very grim indeed. This bailout deal cements the Bush legacy.

Now on one hand, you have a VERY left wing, big government socialist in Obama.... More taxes and bigger spending. On the other hand, you have a "maverick" who cannot make up his mind and is seemingly unwilling to define himself.

Either way, we are SCREWED.

Obama has clearly defined himself. Granted, what he SAYS is, IMHO, very far away from who he IS. McCain now has the ball in his court. He has an opportunity, as Newt defines, to stand up and be a real leader. Will he do it, or will he let Obama lie his way to the oval office?

All the more reason I guess I am gonna pull the lever for McCain. He's the guy who will at least try to protect my right to protect myself and my family... Because more and more... I feel I am gonna need it.

Grace, you have said that you are voting Obama because McCain is endorsed by Bush. If McCain comes out and clearly seperates himself from Bush... Would that change your mind? Or do you really think socialism is the answer?

[jennielynn1970]

What do you see wrong with socialism? I lived in Sweden, who's govt. is based on the socialist system, and apart from the taxes being high, there wasn't much bad about it. Even with high taxes, most families still had a summer or winter home, vacationed in southern europe and northern africa or somewhere warmer, and everyone had health care.

Every type of government has it's pros and cons. Just wondering what you find so wrong with Obama's "socialist" views?

[Lady's Human]

Sweden has a higher per-capita income that the US, and a far smaller, more stable and overall healthier population. They can afford their model of socialism.

[jennielynn1970]

Sweden has a higher per-capita income that the US, and a far smaller, more stable and overall healthier population. They can afford their model of socialism.

That's just it... the income is higher to begin with, so even with the high taxes, the people are well off. If we go that route, the socialism route, we'd have to have that as well. Which isn't a bad idea.

Yes, smaller. Yes, healthier. I don't think I really ever saw a fat Swede, lol.

[Grace]

All the more reason I guess I am gonna pull the lever for McCain. He's the guy who will at least try to protect my right to protect myself and my family... Because more and more... I feel I am gonna need it.

Although you once said you had no horse in this race, I would have bet $$$, and won, that you would vote for McCain.

Grace, you have said that you are voting Obama because McCain is endorsed by Bush. If McCain comes out and clearly seperates himself from Bush... Would that change your mind?

It’s way too late for that to happen. McCain has sold his soul to win the Presidency. There are other issues where I differ with him – Iraq for one. I was strongly opposed to invading that country from the very beginning.

That one will get my vote.

[sparks19]

That's just it... the income is higher to begin with, so even with the high taxes, the people are well off. If we go that route, the socialism route, we'd have to have that as well. Which isn't a bad idea.

Yes, smaller. Yes, healthier. I don't think I really ever saw a fat Swede, lol.

Well... I lived in Canada all my life until just the past couple of years. I can tell you that we have HIGH taxes (at least in ontario) and the economy there is struggling as well. yes people get "free" (pre paid) healthcare... but we certainly have our share of over weight people, smokers, alcoholics.. whatever other unhealthy habits. Our healthcare leaves A LOT to be desired... A LOT. For instance in my home town you cannot get a family physician. they are all full and no one is taking new patients. I don't know ANYONE who has a summer or winter vacation home. We aren't all wealthy

so no... if you go the socialism route you don't HAVE to have that. You will still have what you have now... but will have less in your pocket because you will paying through the nose with taxes.

[Puckstop31]

Although you once said you had no horse in this race, I would have bet $$$, and won, that you would vote for McCain.

It’s way too late for that to happen. McCain has sold his soul to win the Presidency. There are other issues where I differ with him – Iraq for one. I was strongly opposed to invading that country from the very beginning.

That one will get my vote.

I did not have the energy to watch the debate last night. I thought my mind was made up. However, I now have seen some segments of it and heard some bites. Read a little of the transcripts...

Bob Barr is getting my vote. It won't matter a hill of beans, except in my conscience. Obama is going to win. We are going down the socialist route.

God help us all. We need to remember that this is NOT Europe. There are MILLIONS of Americans who simply will not take it. Because BO is NOT a uniter. Not even close.