Comments for Thompson: Bailout an imperfect but necessary choice at http://lakeconews.com , comment 1 to 19 out of 19 comments http://lakeconews.com Sat, 07 Nov 2009 20:04:51 +0100 FeedCreator 1.7.2 http://lakeconews.com/content/view/5828/919/#comment-8234 James, At least Obama SAYS he will start withdrawing troops from Iraq, and that is in his power, unlike most of the other plans they have which actually require congress. McCain, on the other hand, will practically guarantee us that we will keep at least the 150,000 troops in Iraq indefinitely. Take your pick. I already voted, absentee, for Obama, and against Mike Thompson due to his strong taste for pork. 10-12 BILLION per month for Iraq continues to drive our economy down. What do we have to show for it? - jmadison Wed, 08 Oct 2008 14:46:56 +0100 http://lakeconews.com/content/view/5828/919/#comment-8197 Not sure your title is correct but the fact that truer words have not been spoken.I would add its the system with rules, regulations or laws that allow them to be dishonest. we need to impugn at all times because there is no honor with these thiefs. Lets not cut our local boys short,the lying sacks of garbage. This local system is but a proofing grounds to hone their skills. I\'m working on their accountability, the days going to come liars. Good show ron.jmadson If I might add what guarantee do you have that Obama will end this war? Just thought if you know something I don\'t.Please enlighten you see I\'ve been down this road two other times before. Not being a smart ass just for coversation.Goofy is my choice. - James Mon, 06 Oct 2008 15:59:46 +0100 http://lakeconews.com/content/view/5828/919/#comment-8196 I will be voting Democrat for president, ending the war is important to me. But I agree, throw the congressman out no matter what their party. Good bye Mike. Now, can someone give me the name of another canidate representing our district that doesn\'t smell like pork? - jmadison Mon, 06 Oct 2008 15:26:27 +0100 http://lakeconews.com/content/view/5828/919/#comment-8191 This is the most dishonest and dysfunctional government in the history of this country and Thompson is part and parcel of it. It\'s time to get rid off all incumbents, no matter what their party, and start fresh. Every one thinks all the other politicians are bad, but my guy or gal is OK. Not so! That\'s the kind of thinking that keeps 90+ percent of incumbents in office Let\'s vote them all out. How could we do worse than we have? - ron_b Mon, 06 Oct 2008 12:28:45 +0100 http://lakeconews.com/content/view/5828/919/#comment-8187 This \"new world order\" has been coming on for some time now. The greed was pushed with the systems wink and nod with N.A.F.T.A. This mess has more fingers than I have that should be pointed at those that were with Bush. This was just another excuse to hand out the pork.Oink,oink and oink to them all. - James Mon, 06 Oct 2008 11:25:02 +0100 http://lakeconews.com/content/view/5828/919/#comment-8183 jmadison, we\'ve done dug a hole that will probably, in a stroke of poetic justice, take us to China. Think this is part of Poppy Bush\'s New World Order? - Donna Christopher Mon, 06 Oct 2008 08:45:19 +0100 http://lakeconews.com/content/view/5828/919/#comment-8181 It looks like Bush WAS crying \'wolf\' again. I thought the 750$billion corporate welfare check was at least supposed to help the stock market from crashing, preserving our retirement accounts. Watching the market fall this morning makes me think that we are getting screwed royally from both sides in all different directions. Nothing better than watching your retirement fall by 40% over these past few months. Its not too far fetched to think that we may see the collapse of the USA within our lifetimes. Niether McCain or Obama will be able to pull us out of this mess anytime soon. - jmadison Mon, 06 Oct 2008 08:13:24 +0100 http://lakeconews.com/content/view/5828/919/#comment-8175 seeing most seem to understand that it took the two parties fiddleding while the burning was going on.looking the other way is the norm no one would like tobe involved . Just doing the best they can. Remenber all parties sloped at the trough.\"Bailout\" my buns it was a handout to the ones that bribe them. The sooner understood,the sooner learned the sooner fixed. - James Sun, 05 Oct 2008 18:24:24 +0100 http://lakeconews.com/content/view/5828/919/#comment-8173 little bit of insight on the workings of the Mind of Mike. Some mortgage holders didn\'t deserve help so his solution is to toss all overboard. Jinkies, thanks Mike. I frequently heard during this past weeks debacle that 65% of the folks pushed into subprime mortgages actually qualified for non-subprime - the just got shoved in that direction because there were more funds to be made by the pusher of subprime vs. non-subprime. You\'ve really thrown the baby out with the bathwater this time. Keep people in their homes, keep neighborhoods from decline. Or give a blank check to the well-heeled. Laker you put it well when you asked \"And the bankers do???\" - Donna Christopher Sun, 05 Oct 2008 13:36:09 +0100 http://lakeconews.com/content/view/5828/919/#comment-8172 Unfortunately, Bush has cried \'wolf\' so many times that it is hard to know when he is full of s-it and when he isn\'t. It is hard to know how horrible our economy, and our life savings, would be had this bill not passed. I guess we learned the hard way about Iraq\'s \'weapons of mass destruction\' and about Saddam\'s attempt to buy enriched uranium. We will never get a chance to know what would have happend to our economy had we not passed this pork enriched bailout. I don\'t think we can blame the democrats for this mess when the leader of the Republican party, and our country, is trying to scare us all to death. - jmadison Sun, 05 Oct 2008 13:32:44 +0100 http://lakeconews.com/content/view/5828/919/#comment-8171 I talked to Mike yesterday about his vote to support the Bank Bailout. He asked what alternatives were there? When I suggested [b]spending the money to keep the people being foreclosed in their homes, he said some of them don\'t deserve it! ... And the bankers do??? [/b][b]How about a moratorium on all foreclosures?[/b] And why did the provision to allow bankruptcy courts to renegotiate the terms of the mortgages get left out? Seems like the Dems always cave and compromise the peoples\' interests. Look who held out - the right wing conservatives. If the Dems had a backbone, we would have passed some progressive legislation with our Democratic majority. How is it the Dems wound up supporting Bush\'s \"the sky is falling\" bill, with the Republicans sticking to their principals and holding their nose to this welfare for the rich legislation? - laker Sun, 05 Oct 2008 13:07:01 +0100 http://lakeconews.com/content/view/5828/919/#comment-8169 What does a family of four get on welfare now? Maybe $700 or $800 per month, contingent on their participation in welfare-to-work programs? Whatever it is, and I\'m sure it\'s no more generous than it was ten years ago when I worked at the Dept of Social Services, or even fifteen years before that when I was a single mom on welfare, the money going to distressed families is not even a drop in the bucket compared to the $700 billion welfare grant (oops, excuse me, \"bailout\") we just gave to Wall Street. Maybe we should take some of that bailout money and put the welfare moms to work teaching the CEO\'s, investment bankers, politicians and top level administrators how to live on less than $10K a year. Let them all find out what it\'s like to walk in somebody else\'s shoes. Hey, you don\'t like the way people look at you when you drive down the street in your rusty 30+ year old car? Your kids don\'t like the raggy thrift store clothes that don\'t fit? You don\'t like the rain dripping through the leaky roof onto your bed? Better get used to it, \'cause there\'s far worse stuff you\'re gonna have to get used to... - Fran Sun, 05 Oct 2008 12:21:34 +0100 http://lakeconews.com/content/view/5828/919/#comment-8168 the info. Oh my, I\'m in step with paleoconservatives - can\'t wait to use this the next time I get called a \"liberal\" or a \"kommie\" :wink: DownsizeDc must scare the bejeezus out of a lot of career politicians and if they don\'t yet, well I guess we need to work on that. Tho I must admit I\'m not entirely sure what is the difference between \"earmark\", \"pork\" and bringing home some tax money to your district - some of it is silly beyond bounds such as tax breaks for childrens wooden arrow manufacturers (who did not want or ask for it, but it was thought of as a sweetener for that areas congressman) tax breaks for Puerto Rican/Jamaican Rum consortium, tax breaks for the slave labor sweat shops in the Marianas Island - (tell Tom Delay hey), and millions in breaks for auto race track owners -NASCAR came hat in hand?!?). This looks like pork/earmarks. But when Mike brings home $$ for water quality issues here(wetlands-reclamation area) in the basin - well, isn\'t that what we want him to do?? Yup, I\'m with the paleoconservatives - one issue at a time, let legislation live or die on it\'s own merits. - Donna Christopher Sun, 05 Oct 2008 12:20:25 +0100 http://lakeconews.com/content/view/5828/919/#comment-8167 [i]I Have A Dream - where every bill in every legislative body in the entire United States is a \"clean bill\". Nothing in it but the subject at hand - no bright, shiny objects to tempt those that know they are voting on a stinker to vote for it anyway.[/i] This is the dream of many Americans - getting our government to work in an above-board, understandable fashion. Downsize DC (downsizedc.org) is an organization that is promoting a series of reforms in the way that Congress deals with legislation that would put an end to much of the corrupt wheeling-and-dealing and wastefulness the current process engenders. Several representatives (mostly paleoconservative Republicans) have endorsed one or more of these reforms. They include: 1)\"One Subject At At Time Act\" - Each bill would be limited to addressing only one issue. No more \"earmarks\" and \"pork\" would clutter and obfuscate legislation. 2)\"Read The Bills Act\" - Members of Congress would only be qualified to vote on a bill after having signed a legal affidavit, under penalty of perjury, that they had actually read the complete bill. 3)\"Enumerated Powers Act\" - Each piece of legislation introduced into Congress and passed by it would be required to cite references to the Constitutional provisions under which it is authorized. Downsize DC is promoting several other worthy ideas, such as allowing the Iraqi people to hold a referendum on the continuing U.S. military presence. Take a look. And don\'t stop writing to your representatives and voting the rascals out. - futhark Sun, 05 Oct 2008 09:32:46 +0100 http://lakeconews.com/content/view/5828/919/#comment-8164 Harvard Panel Discussion Sept 25 Gregory Mankiw--Harvard economist and Chair of the President\'s Council of Economic Advisers 2003-2005, made an interesting point: The liquidity crisis isn\'t real. Or, to restate it: Any liquidity crisis is [u]caused by the promise of a government bailout[/u]. Greg said that his many friends in investment banking said that there is plenty of money to invest in financial services, but right now it is \"sitting on the sidelines.\" Why? Because the financial services industry does not want to pay the terms required to get that money back in circulation (e.g., give up equity). As he put it, [u]why do business with Warren Buffett who will negotiate a tough deal, if you believe that the government will ride in soon with cheaper cash? [/u] Economics professor Ken Rogoff also talked about the need to shrink the financial services sector. He thinks it is good that the investment banking houses are failing and many people on Wall Street are losing their jobs because, in his view, we have an oversupply in that sector and our economy just can\'t support it. Greg\'s work with the current administration and Ken\'s background with the IMF and on the Board of the Federal Reserve add a certain credibility to their assessments of conditions on Wall Street. If they are right, the $700 bailout is saving some investment bankers\' jobs in the short term, but overall it is just making the financial system worse. ## e.g - they shouldnt have voted for any of these bills -- We need to establish a 1932 FDR style Home Owner\'s Loan Corporation -- and nationalize the banks....we got nuthin\'except the bill to pay and NO one led - except Bernie Sanders and Russ Feingold http://www.creditslips.org/creditslips/ http://delong.typepad.com/sdj/2008/09/time-not-for-a.html - taxismom Sun, 05 Oct 2008 09:12:31 +0100 http://lakeconews.com/content/view/5828/919/#comment-8162 Mikey, you\'re SO funny! On Monday you vote against the bill, and then four days later after it\'s loaded with pork you vote FOR it because you claim you didn\'t know the economy was on the brink of disaster! Maybe you should have talked to the economists BEFORE the first vote, instead of listening ONLY to uninformed people acting on their emotions. Maybe you should have been aware enough to understand that the economy really was ready to crash and if the feds didn\'t step-in wall street was certain to panic-hence the almost 800 point-drop in a single day RIGHT after your first vote. You are a sad excuse for a leader Mike, you changed your vote mostly because Nancy told you to and you ALWAYS follow her instructions unless the more vocal nitwits back home give you enough political cover to do otherwise. IF you had done your homework (and Woolsey, Lee, etc.), you dopes would have voted for the FIRST bill and this second one would have NEVER BEEN DRAFTED let alone passed! Thanks for giving more rich crooks tax breaks Mike, you should be VERY proud of yourself! - smurf Sun, 05 Oct 2008 08:25:30 +0100 http://lakeconews.com/content/view/5828/919/#comment-8160 sad. “My vote on Monday, I think, was the right vote,” it was not. You got, as stated in your letter to me, a call ratio of 1000 against and 8 for!! voting yes did not represent \"us\" I\'m really pissed Mike. This package sucks and does not represent hope for the majority of us...once again only the rich profit, and the rest of us pay for it. Your excuse that things will change in Jan. as stated in your letter to me.... tell me what the hell happens when and if McCain wins?!? - lenny Sun, 05 Oct 2008 07:53:50 +0100 http://lakeconews.com/content/view/5828/919/#comment-8157 I was sitting down to a big ol\' plate of pork I would have brought some eggs to the table also. I Have A Dream - where every bill in every legislative body in the entire United States is a \"clean bill\". Nothing in it but the subject at hand - no bright, shiny objects to tempt those that know they are voting on a stinker to vote for it anyway. :evil: - Donna Christopher Sun, 05 Oct 2008 07:29:58 +0100 http://lakeconews.com/content/view/5828/919/#comment-8156 Our country from time to time have had scandals. Will not give a history lesson here. I would be safe to say that this tops them all. Greed at all levels and what we saw with this bailout was the politicians as pigs at the trough turning it into a hand out.The lack of oversight on their part with no blame to go around but this was the best he could do.I truly hope their not a reflection of us if so were lost. - James Sun, 05 Oct 2008 04:54:54 +0100