The madness continues unabated.

I seriously wonder what kind of brain damage our leaders have. It seems that bailout fever is short-circuiting otherwise intelligent brains and causing a complete loss of higher functions like logic….

Those people are as traitorous to this country as Jihad Johnny. And they apparently don’t seem to mind that it is their money that is being stolen too!

Yes, and they also don’t want to jeopardize their chances for future bailout $$$. Money talks.

You are not a regular here so perhaps I should catch you up to speed.

1. Millions of those mortgaged based assets you described should not have been given loans to begin with. Bad policy by bad polititians and bad lenders.

2. The lack of transparency and accountablity with regard to the bailout money is a very serious issue (thus the reason for his thread).

3. Bank bailout $$ are being used to buy other banks to get more bailout $$, not to loosen up the credit markets as intended.

4. Union contracts have a great deal to do with the automaker’s financial problems.

While I do not have a Master’s in Economics, I do have an Master’s in Public Administration (MPA from Univ. of Colo.) and had to take graduate level Government Economics as required. I can assure you the level of economic discourse here is quite high. So if you cant get with the program and have to leave, we will understand.

Even Al Capone had his StrongArm…
The Fed has the IRS…
Amazing isnt it? A PRIVATELY OWNED BANK having that much pull.

… The point is, until YOU’VE got a Master’s in Economics hanging on your wall in your Washington D.C. office and YOU’RE the one making these tough decisions, STFU!

Rotarymonkey I have a Batchelor Of Science in Economics as of now with several graduate courses to boot, and I too don’t agree with your interpretation of Paulson’s actions-especially the secrecy-it’s unncessary.

But then I want as many people to succeed on their own in a capitalist economy not just a guilded few who think they are inherently superior.

On December 19th, 2008 at 11:41 am, happyscrapper said:

Wasn’t this money supposed to go to the banks so they could loosen their credit to companies like, for instance, the auto industry? Why has the auto industry fallen so quickly? I know they have had problems for a long time.
In deed. Why did wall street fall so fast? And why in september on the eve of the election? This massive looting by our rulers is a scam. The time for the second revolution is now!!

DON’T TREAD ON ME!!!!

One thing sticks out in my mind..all this stuff that has happened THIS YEAR from John McCain’s ascendency in the Republican Party for presidential nomination to the bailouts of late seems to have been..dare I say it ARRANGED as in set up like a conspiracy.

On December 19th, 2008 at 8:10 pm, Salt said:
I don’t think he’s liberal. I can recall previous posts of his that I appreciated.

I assumed he was a liberal because I have never encountered a conservative with such sarcasm. That trait is usually reserved for the left. Sarcasm and elitism in one post led me to believe he was liberal. He never came back and apologized for his tone either. He just slunk away. Ashamed of himself, maybe?

On December 19th, 2008 at 2:13 pm, happyscrapper said:

Rotarymunkey appears to be a liberal with a huge ego and a mean-spirited, sarcastic way of trying to make a point. I doubt he “gets it”.

I don’t think he’s liberal. I can recall previous posts of his that I appreciated.

I believe he just might be a bit passionate about it and it spilled out on some of us. The elitist style remarks, however, were a bit too much. He should retract the whole “Masters in Economics” remark as there are many doctors of economics that disagree with Paulson.