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bailouts, banking, bonds, credit default swaps, Cricket Diane C Sparky Phillips, cricketdiane, Economics, Economy, employment, financial derivative instruments, Global Economy, International Concerns, investment banking, Macro-economic analysis 2008, macro-economic future forecasting, reality-based statistical analysis, stock market, unemployment, US economic crisis, US Economy, US government policy, Wall Street
“We’ve made it pretty clear to our members that we are supporting this bill,” Boehner told reporters after the meeting. “We also have made it clear to our members we expected as many of them who could vote for this to vote for it.”
After bashing the bailout plan for more than a week, rank-and-file Republicans are starting to accept what Boehner and others stated early on: The current economic meltdown is a bad situation – and a massive government intervention in the financial markets is regrettable response – but it’s their only option at this late stage in the crisis.
http://www.politico.com/news/stories/0908/14054.html
Never once did these sorry ass-scratching sons of bitches like Boehner say – this bailout of the banks is socialism – is wrong and we won’t do it – will create a bigger deficit we can’t afford.
I watched CSPA N during the appropriations committee hearings on amendments to the current stimulus bill. I noted the Republicans stonewalling, undermining any support, following party lines at the expense of common sense and voting to strip the stimulus package of any and all support for regular people in America. They don’t care about the American people, they don’t serve the American people and never once considered their actions when forcing us to pay for their bailout of Wall Street friends and banking interests – most of which they are indebted to and profit from. It is disgusting.
Now, after oppressive tyranny that has run America and her people into the ground over the last thirty years, the overspending that cost us a ten trillion dollar deficit under their control, and no real rights or freedoms left to American citizens, businesses that are in utter ruin, huge unemployment and our country sold to the highest bidder around the world – even our enemies are laughing at our Congressional “leaders” and Republican party.
What a pathetic joke on all of us – and they still talk about us like we are donkeys or asses to be manipulated by stick and carrot. They are screwing us all still today because they refuse to consider being part of the solution or of creating solutions and insist on continuing the same old propaganda and the same old game to profit at our expense.
I refuse to be a citizen supporting the Republican party or the Democratic party, the banks, the big business billionaires, the credit derivatives gamblers, the hedge funds, the stock traders, the brokers, the real estate moguls, and the crap they have forced down all of our throats. There is no change so long as they all stay the same.
Somebody in America ought to sue the shorts off every one of the legislators that voted for the bailouts to banks misappropriating our money to do it. And, a class action suit should be made against the Republican party for misrepresenting their principles to those that have supported them. They didn’t use those principles in action and they should be held accountable.
– cricketdiane, 01-23-09
Jonathan said:
The Republicans are saying they want to see Pres. Obama plans, which includes accountablity, infrastructure repairs (which will create jobs), help for the common home owners, fail. They call it socialism. But, they rushed through the bailout of Wall Streets and banks and they cannot account for the money. The common American Tax payers got nothing but a fat bill from the Republican’s bailout.
Is the Republican party anti-Joe Plumber? For years they have supported policies and laws that have weaken the ablility for the common workers to thrive. Nothing for America’s infrastructure, nothing for job secuity, but give to the big corporations, turn wars into profit enterprises, and blame it all on the Democrats.
cricketdiane said:
Yeah, I’ve noticed that too. I’m starting to wonder whose side the Republicans are serving. It isn’t in their best interest to decimate our population because we will no longer be supporting the purchase of products and moving moneys which makes money for them, for their friends and for their business interests.
However, in every state and across previous administration policies promoted and applied by the Republicans, as well as in local, county and city governments where they have been in power, the common denominator is found in the results we can all see. Houses and neighborhoods stand depreciated and denuded of American life, American families and community. Results of their efforts are also found in the failing businesses of all sizes with commercial and retail properties standing empty and unused. Layoffs are massive and most are permanent with unemployment in many counties around the country well into the double digits no matter how they count it.
We are taxed at every turn and for every thing we need, for every resource we must have and on every dime we earn or make through our decent and intelligent efforts. And, for those taxes, services to every concern of the public conscience is cut, stripped bare, delayed, underfunded, or altogether abandoned. Many states have shovel ready projects because they haven’t been funding them in order to have the funds to suit other purposes which in many cases, none of us would have agreed to fund whether repaving the road to their own house while leaving others in disrepair or refusing to fund winterizing programs so they could re-sod their favorite golf course at public expense.
There is clear evidence that socialism meant nothing to the Republicans when their friends in the banking and investment banking industries wanted money. When AIG – a profit-making publicly traded company had made trillions of dollars in bad decisions, I didn’t hear one Republican party opinion maker, leader or member say anything about how handing them billions of dollars and taking over their board was socialism in application.
It seems to me that the Republican party lied to me about their principles and the reason I say so, is because I can see the footprints of their principles and policies in action and by the results of their efforts. In all honesty, they might reconsider their belief that image, perception and “confidence” are the only things that matter in America and in the World. They are obviously wrong. Sooner or later, the facts do become evident and here we are.
– cricketdiane
P.S. and I think we need to take Boehner around to the IRS and get him a special waiver so he never has to pay taxes again so we can see if his plan will work or not to stimulate his personal economy. In the time the Republican party’s insistence on applying what he keeps on demanding has been wasted, how many things could we have all gotten done?
Their plan didn’t result in anything besides what we’ve got now – why would we lower the taxes of the rich and corporations and let them use fantasy-based “off-balance” sheet accounting ever again?