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Ok, this "Bailout" Deal. Let's figure this out.

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backseatcynic On January 19, 2010




Henryetta, Oklahoma
#31New Post! Sep 25, 2008 @ 04:36:54
More than you know. If you could characterize Jesus' idealism into a societal theory the closes thing would be socialism. Why? Because He preached sharing everything and taking care of each other as brothers and sisters.
4000Earthquakes On April 25, 2009

Banned



Joshua Tree, California
#32New Post! Sep 25, 2008 @ 05:02:48
This is exactly what Jesus taught. Let the servant be the master. The last shall be first. flip the tables around.

I could go on and on, and obviously you could too, because you understand this. Jesus taught equality for all and kiss no mans ass.

So what did they do? Short and horrific, they murdered him to shut him up. John 11, 47-53 tells the historical facts exactly as what really politically happened. (If you've never focused on that part -- read it, it's as plain as day.)

I am amazed to find a christian as wise as you. A christian who actually understands what Jesus was teaching, and who understands from his soul, what it really means.

I don't know how this topic evolved to this, but I do hope a couple of other people might read it, and give these things some thought.

Jesus also taught us to keep those commandments. But they killed him, and shut him up, and then Paul came along and said "the commandments have been fulfilled... " and the powers... did it again. they shut up the message.

I could go on and on about this. It's awesome to hear someone else who understands these things.

I love God.
4000Earthquakes On April 25, 2009

Banned



Joshua Tree, California
#33New Post! Sep 25, 2008 @ 16:36:34
Todays BailOut Plan Developments:

Sep 25, 12:08 PM (ET)

By JULIE HIRSCHFELD DAVIS

WASHINGTON (AP) -

Democratic and Republican negotiators worked in a closed-door meeting on Capitol Hill to nail down the outline of an agreement by the end of the day.

The pace of developments was quickening

Bush told the nation in a televised address Wednesday night that passage of the $700 billion bailout package his administration has proposed is urgently needed to calm the markets and restore confidence in the reeling financial system.

Financial markets were mixed in early trading; the Dow Jones industrial average rose more than 200 points on optimism about the deal but a credit market squeeze remained as doubts about the proposed plan's effectiveness drove demand for short-term, safe-haven assets.

Senior lawmakers and the administration were still wrangling over major elements of the relief bill, including how to phase in the eye-popping cost - a measure demanded by Democrats and some Republicans who want stronger congressional control over the bailout - without spooking markets. A plan to let the government take an ownership stake in troubled companies as part of the rescue, rather than just buying bad debt, also was under intense negotiation.

The core of the plan envisions the government buying up sour assets of shaky financial firms in a bid to keep them from going under and to stave off a potentially severe recession.

Political figures haggled over the shape and price of the bailout, new economic indicators showed that orders for big-ticket manufactured goods plunged in August by the largest amount in seven months and that new applications for unemployment benefits were at their highest level in seven years.

New home sales tumbled in August to the slowest pace in 17 years, while the average sales price fell by the largest amount on record. It served to further dramatize the problem that Washington is trying to solve.

Bush acknowledged Wednesday night that the bailout would be a "tough vote" for lawmakers. But he said failing to approve it would risk dire consequences for the economy and most Americans.

"Without immediate action by Congress, America could slip into a financial panic, and a distressing scenario would unfold," Bush said as he worked to resurrect the unpopular bailout package. "Our entire economy is in danger."

Bush's warning came soon after he invited Obama and McCain, one of whom will inherit the economic mess in four months, as well as key congressional leaders to a White House meeting Thursday to work on a compromise.

With the administration's original proposal considered dead in Congress, House leaders said they were making progress toward revised legislation that could be approved.

Rep. Barney Frank, D-Mass., who has led negotiations with Treasury Secretary Henry Paulson on the package, said that given the progress of the talks, the White House meeting was a distraction.

"We're going to have to interrupt a negotiating session tomorrow between the Democrats and Republicans on a bill where I think we are getting pretty close, and troop down to the White House for their photo op," said Frank, the House Financial Services Committee chairman. "I wish they'd checked with us."

Paulson and Federal Reserve Chairman Ben Bernanke have been crisscrossing Capitol Hill in recent days, shuttling between public hearings on the proposal and private meetings with lawmakers, to sell the proposal.

Obama and McCain are calling for a bipartisan effort to deal with the crisis, little more than five weeks before national elections in which the economy has emerged as the dominant theme.

"The plan that has been submitted to Congress by the Bush administration is flawed, but the effort to protect the American economy must not fail," they said in a joint statement Wednesday night. "This is a time to rise above politics for the good of the country. We cannot risk an economic catastrophe."

Presidential politics intruded, nonetheless, when McCain said earlier Wednesday he intended to return to Washington and was asking Obama to agree to delay their first debate, scheduled for Friday, to deal with the meltdown.

Obama said the debate should go ahead.

Lawmakers in both parties have objected strenuously to the rescue plan over the past two days, Republicans complaining about federal intervention in private business and Democrats pressing to tack on more conditions and help for beleaguered homeowners.

But many in both parties said they were open to legislation, although on different terms than the White House has proposed.

---

https://apnews.myway.com//article/20080925/D93DRGVO0.html
4000Earthquakes On April 25, 2009

Banned



Joshua Tree, California
#34New Post! Sep 25, 2008 @ 16:40:49
He said/she said...

I don't know about this high-pressure sales pitch tactic they are pulling on the people.

"Hurry, hurry!!! Disaster forbodes! before it's too late!"

Bush and buddies are probably just trying to clean out the bank, before they have to leave office and won't have free access to that money-pool any more.

Anyone watch Bush on TV last night?
pbuck On September 25, 2008




haverhill,
#35New Post! Sep 25, 2008 @ 16:56:03
The ?deal? is going to happen, we all now that.
But what I say is this, any persons making $10M or more in any company being bailed out should have their names made public. After all, it is public monies they will end up getting their pay from.
rubylights On November 30, 2021




Miami, Florida
#36New Post! Sep 25, 2008 @ 18:49:19
@backseatcynic Said
You know, it's nice to see like-minded people around here. I made a thread a while back called "What keeps you voting?" and I didn't really relate to the responses. Most people know things are s***ty, but still are hopeful about the future. I don't understand what gives them hope. Look at Georgie's address to the nation this evening. The "bailout" is in danger by Congress of being less than free money for the rich. Congress wants a special commission to oversee the distribution of the funds. So what's Georgie do? He points a finger to blame Congress and says it's gotta go through now. Warmongering's okay, never necessary to ever address the public there. But free money for the rich get's delayed and "Boy, we better get on TV and dupe the public, huh?" And people still vote. And there are people that still support that son of a b****.



i know. i agree completely. if you look at his speech you can tell that he's using the same strategy he used when he wanted congress and america support the usa patriot act. he tried to scare us into thinking that his plan had to go into effect quickly because if it didn't, the country would go into turmoil. and he's right in a sense, if the problem isn't solved quickly a panic might ensue, but that doesn't mean that we should settle for the crappiest plan that could throw the country into an even deeper economic precipice...
rubylights On November 30, 2021




Miami, Florida
#37New Post! Sep 25, 2008 @ 19:00:00
@bob_the_fisherman Said
I think, if the government is going to bail out these companies, there are only two ethical options. First, the government buys the companies wholesale, at current market value, which is bugger all, and then the government takes on the loans of the people, and reduces the interest rate they pay, as the government has no need of making profit. Second, the government could pay out a percentage of the defaulted loans - 50% or so. This would mean less outlay from the government, and the people's 'real' interest rate would drop, as they would be so far ahead on their mortgage.

Throwing more money at corporations is bs. They get enough (too much, actually) through tax breaks and research and development grants etc. Also, capitalism has demonstrated its inability to operate effectively. Governments need to legislate to halt rogue activity by major corporations.


i agree with you on most of that post, and your ideas are very good indeed. but about the capitalism thing, i have to disagree. i believe that capitalism does work, but capitalism in the united states has been compromised to a point that it can't even be called tha aymore. it a capitalist state, government does not interfere in commerce. that's the furthest thing from the truth as far as america is concerned. big business and government work hand in hand to legislate in favor of big businesses and to enhance the governments pockets. like i've said before, government has been bought and paid for and capitalism is long gone...
rubylights On November 30, 2021




Miami, Florida
#38New Post! Sep 25, 2008 @ 19:14:38
@4000earthquakes Said
This is exactly what Jesus taught. Let the servant be the master. The last shall be first. flip the tables around.

I could go on and on, and obviously you could too, because you understand this. Jesus taught equality for all and kiss no mans ass.

So what did they do? Short and horrific, they murdered him to shut him up. John 11, 47-53 tells the historical facts exactly as what really politically happened. (If you've never focused on that part -- read it, it's as plain as day.)

I am amazed to find a christian as wise as you. A christian who actually understands what Jesus was teaching, and who understands from his soul, what it really means.

I don't know how this topic evolved to this, but I do hope a couple of other people might read it, and give these things some thought.

Jesus also taught us to keep those commandments. But they killed him, and shut him up, and then Paul came along and said "the commandments have been fulfilled... " and the powers... did it again. they shut up the message.

I could go on and on about this. It's awesome to hear someone else who understands these things.

I love God.



kudos. god is great. but jesus went beyond teaching just the commandments, i think. sure, he taught us to follow them, but he also taught us that we were not saved by the commandments, we were saved by his grace. so that, for example, if someone followed all the commandments exactly but lived with no love in their hearts, then they live by the law and not through god's grace. like it says in ephesians 2:8...
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