The biggest bailout evah

[tenaya]

I've been working the last three nights and it's been pretty darn busy. My brain is tired and I've never had an affinity for economics on the best of days. I've just seen Bush's speech (and for the first time, he did a whole speech without smirking so you know it's pretty damn serious) and Obama's speech

Comments

[astrumporta]

It's amazing, isn't it? Apparently Paulson told congressional leaders that the system was within days of collapse if Bush didn't do what he announced today. That's not just the US, but the whole world!

I haven't seen the candidates' responses today, but I've read about Obama's views enough to have way more trust in him than McCain. He spent 12 yrs at U of Chicago for one thing, which is not a bit player in the economics arena. He came out of there an educated pragmatist about economics.

If nothing else, Republicans should be punished for letting this happen while they were in control of the whole Fed govt for 6 years. The Dem congress hasn't done much for 2 yrs, but they were under veto threat the whole time.

I don't know how we're ever going to finance this thing w/o going further into debt to China et al... but bottom line is at this point we have no choice. At least if Obama wins we'll ratchet down the $10B/month we're paying for Iraq. Geez.

[tenaya]

The majority the Dems have had for two years was not enough to get anything done so it hardly seems like they had any power; just the power to slow down Bush. I feel like bitchslapping those Rep pundits that want to lay all the current ills on the Dems because 'they've been in power for 2 years.' It seems like the bigger the lie is, the more fun they have in speaking it

[greyart]

I've viewed my vote in November as a way to stop McCain from making the Supreme Court even more conservative.

Thanks for posting this. While on one hand, there is no way in hell I would ever vote for McCain, I was also having doubts about Obama. I had almost decided to vote a third party, which in the US is almost, but not quite the same as not voting at all.

I was forgetting the long run effect of 4 more years of "fiscal conservative" republicans.

/I live in Arizona. That's why I would never vote for John McCain.

[greyart]

Crap. I left a tag open.

[tenaya]

I honestly don't think the country could survive McCain in charge. Pro choice, stem cell research and gay marriage are not the priority. Just a few days ago he said Wall Street/big business needed less regulation. I think he would be letting the wolves in to the sheep pen at this point because he thinks the wolves are the more important beings.

I have to say I don't know anything about his record in Arizona. What did he get up to, or do I want to know?

BTW, did you ever watch Bottle Shock?

[greyart]

I don't have any examples of his record, but just the fact that he was elected to do any office in Arizona means there is something wrong with him. The legislature here is the most backward I have personally been exposed to. They actually considered a law that would allow people to carry guns in bars.

I dl'ed what was listed as Bottle Shock 4 times, but each time it was a scam trying to get you to install spy ware on your computer. It's weird. I've gotten hundreds of movies and tv shows, but Bottle Shock is the only one I've had that problem with.

I'll try and get the DVD when it comes out.

[deej1957]

I wish I could understand these things!

I do feel like we're looking at another depression though.

[tenaya]

I don't understand it. All I know is that the people that do understand are shitting in their pants right now and they aren't trying to hide it.

[tenaya]

Hey, I haven't see SPN yet. Are you happy with it?

[catalenamara]

Yes, it was awesome!

[geminia905]

I've been quite impressed with what Obama's laid out in his economic plan. I was just reading through it on the site yesterday and thought he had some great ideas.

Obviously, if he doesn't have Congressional support, he's not going to be able to do what he's saying he wants to if he's elected, but I really like the points he's covered in it.

[tenaya]

I feel more confident about getting more Dems in congress than I do about Obama winning. If he wins, he should have the power to restructure.

Fingers crossed.

[geminia905]

I'm worried stupidity will reign and we'll end up stuck with Captain BushAssKisser and Mrs. BinLadinWannabe, too.

Scares the crap out of me and I'm back to trying to figure out how to escape from this crumbling wreck of a country again.

I am amused,though, that according to polls Obama is leading by 3 points so far in this state. I don't even think FDR managed that.

[tenaya]

I'll be checking out the area in Alberta next week. *g*

[catalenamara]

>>>I feel like bitchslapping those Rep pundits that want to lay all the current ills on the Dems because 'they've been in power for 2 years.' It seems like the bigger the lie is, the more fun they have in speaking it

[tenaya]

And yet I heard some *sshole saying how vital it was that there be less controls over the market so it will recover. I'm guess Bush and his cronies even in the face of this blatant and incredible failure of their business model, probably still think more deregulation is good.

BITCH SLAP!!!

I saw one poll today that put Obama ahead again by about 5%. Hopefully it's a trend.

[catalenamara]

I'm guess Bush and his cronies even in the face of this blatant and incredible failure of their business model, probably still think more deregulation is good.

Yeah, right. It's amazing how many people cling to this belief. A number of years back, they deregulated the moving industry (Bekins, etc.) with the predictable result that a lot of con artists got into the business, produced incredibly convoluted contracts that basically gave them the right to raise their rates willy nilly *after* they already had your furniture in their truck, and a lot of people were stuck paying these inflated rates to get their stuff back because there was no longer any legal recourse.

The sort of deregulation Bush & Co. advocate basically puts the con artists in charge of our economy, and now look at the result.

I saw one poll today that put Obama ahead again by about 5%. Hopefully it's a trend.

I sure hope so...!