And the bail out goes right in to the toilet

[Karen]

There are no easy answers here to any of this. Any single figure is not going to shed light on the complicated, tangled mess that is our current financial situation. Government - all three branches thereof - have certainly all played a role in this, and there is plenty of blame to go around.

And I doubt even people with PhDs in Economics think they know all the answers here. Or that there is any single "answer."

[Lady's Human]

But easy answers make good headlines and get better ratings!

Come on, there has to be a 30 second answer to all this. You can't seriously expect people to pay attention to something longer than a sound bite!

[RICHARD]

Gruss Gott in Himmel!!!!!

Sara makes a post I agree with!!!

(Hello, Macy's? Yeah, it's Satan. I'm looking for some skis and a nice, down filled Parka?)

OH, NO!

Don't go to Macy's to buy your cold weather clothes! Try EMS or North Face brands!

FOR YOUR CONSIDERATION!
During the CLINTON admin -around 1999- is when this whole bunch of A-holery started. Check it out! Under BC's watch this whole "let them eat adjustble rates" CF started.

[blue]

And I doubt even people with PhDs in Economics think they know all the answers here. Or that there is any single "answer."

I reccomend Walter E Williams for any ecconomic annalysis.

[jennielynn1970]

I cannot believe you think this is his fault, all on his own.

I am NO fan of him, but you clearly have no idea how this came to be.

Not surprising, BTW.

Remember dear, CONGRESS spends the money.

Bush is just a puppet. I doubt he could even put together a sentence about this topic that would make sense (where he would have no help from his tutors due to his IEP that he was given since NCLB was put into place).

Sorry, but GW rode the short bus to school.

[Puckstop31]

Bush is just a puppet. I doubt he could even put together a sentence about this topic that would make sense (where he would have no help from his tutors due to his IEP that he was given since NCLB was put into place).

Sorry, but GW rode the short bus to school.

I know... Why are you telling me this? I am certainly not defending him, but he had little to do with this. He did not help, but he (his policies) are not the root cause.

[Puckstop31]

We could argue about "why" all day. But lets talk about a "fix".

Does anybody honestly wonder WHY it failed yesterday? One would think that Democrats would be all over something like this. Yet Pelosi goes and makes a partisan speech right before the vote. Is she a) that stupid or b) did she WANT it to fail? If so, why?


Some pundits say that the people who voted NAY are the people who are in competitive races. Did they ACTUALLY listen to the people?

Should we just let it play out and fail? The more I learn, the more I think it SHOULD fail.

[Edwina's Secretary]

Well I think it is the fault of Benjamin Pierce! Why stop at Carter? According to the right wing rag that is a newspaper here in OC it is the fault of every democrat who ever drew breath.

Anyone who has been in a position to create the mess or fail to enact measure to stop it gets a piece of the pie.

Done.

Now let's try and fix it. And no more Newt Gingrich girlie-girl tactics. (Remember when his feelings were hurt because he had to use the rear entrance on the president's jet so he caused the furlough of non-essential government workers?) "Hurt feelings" strike me as rather irrelevant at a time like this.

[sparks19]

Gosh! I didn't realize what an expert you are on US economics.

How long has it been? Please explain to us...American people...how it came about! Even with that pesky war!

LOL MEOW... did someone p!ss in your cornflakes this morning? Cheer up

Anyway... I don't have an exact date ... no one does. but this is a far bigger mess than just the last 8 years has created. Did the war help? certainly not but it definitely isn't the sole cause of this. this has been a long time coming but no one thought it would ever happen to them (some still don't)

[Lady's Human]

(Remember when his feelings were hurt because he had to use the rear entrance on the president's jet so he caused the furlough of non-essential government workers?)

It was a tad more involved than one politician's personal pique, ES. The former Speaker of the House wasn't the only one involved with that, nor does he hold sole responsibility.

[momoffuzzyfaces]

The US has been giving money away like it grows on trees for too long.

This brings to mind something that I have been wondering about since the "bailout" stuff started. Say we ok the plan, what will happen when we have another hurricane? or earthquake or other disaster? Or some other country does. Will we be able to help out? Will this bankrupt our entire country completely?

Should we cut back or stop aid to other countries?

It doesn't sound like the ones who caused the problem will be incovenienced much.

[sparks19]

This brings to mind something that I have been wondering about since the "bailout" stuff started. Say we ok the plan, what will happen when we have another hurricane? or earthquake or other disaster? Or some other country does. Will we be able to help out? Will this bankrupt our entire country completely?

Should we cut back or stop aid to other countries?

It doesn't sound like the ones who caused the problem will be incovenienced much.

Good point.

I think either way we are going to pay big time for this... whether we go ahead with the bailout or not... WE are going to be the ones who pay for it. And you're right... the politicians probably won't.

[Edwina's Secretary]

LOL MEOW... did someone p!ss in your cornflakes this morning? Cheer up

Anyway... I don't have an exact date ... no one does. but this is a far bigger mess than just the last 8 years has created. Did the war help? certainly not but it definitely isn't the sole cause of this. this has been a long time coming but no one thought it would ever happen to them (some still don't)

Oh my dear you misunderstood. I just hoped you would help us Americans understand what happened since you were so emphatic in your statement.

And politicans, although not my favorite creatures, pay taxes just like the rest of us Americans.

To suggest the problems is all the fault of politicians or the government is simplistic. They may be responsible for enabling but the "getting rich" falls on people on Wall Street!

LH...where's your pique at the suggestion that Carter gave away money? No one person in government holds sole responsibility but you only seem to be bothered but assignments of responsibility when it comes from me. Hmmm...perhaps I should accuse you of racism!

[Lady's Human]

I missed that comment, Sara, either that or I completely ignored it for some reason.

Pres. Carter didn't have the power to give away money........as stated earlier, that power is in the hands of Congress, not the executive branch.

[Lady's Human]

Durnit, I forgot the mandatory