Let's always remember who really fixed the economy - GoFuckYourself.com

Brujah · 03-10-2010, 05:59 AM

http://money.cnn.com/2008/09/24/news...ion=2008092422

Good evening. This is an extraordinary period for America's economy.

Over the past few weeks, many Americans have felt anxiety about their finances and their future. I understand their worry and their frustration.

...

With the situation becoming more precarious by the day, I faced a choice, to step in with dramatic government action or to stand back and allow the irresponsible actions of some to undermine the financial security of all.

I'm a strong believer in free enterprise, so my natural instinct is to oppose government intervention. I believe companies that make bad decisions should be allowed to go out of business.

Under normal circumstances, I would have followed this course. But these are not normal circumstances. The market is not functioning properly. There has been a widespread loss of confidence, and major sectors of America's financial system are at risk of shutting down.

The government's top economic experts warn that, without immediate action by Congress, America could slip into a financial panic and a distressing scenario would unfold.

More banks could fail, including some in your community. The stock market would drop even more, which would reduce the value of your retirement account. The value of your home could plummet. Foreclosures would rise dramatically.

And if you own a business or a farm, you would find it harder and more expensive to get credit. More businesses would close their doors, and millions of Americans could lose their jobs.

Even if you have good credit history, it would be more difficult for you to get the loans you need to buy a car or send your children to college. And, ultimately, our country could experience a long and painful recession.

Fellow citizens, we must not let this happen. I appreciate the work of leaders from both parties in both houses of Congress to address this problem and to make improvements to the proposal my administration sent to them.

...

But given the situation we are facing, not passing a bill now would cost these Americans much more later.

...

In close consultation with Treasury Secretary Hank Paulson, Federal Reserve Chairman Ben Bernanke, and SEC Chairman Chris Cox, I announced a plan on Friday.

First, the plan is big enough to solve a serious problem. Under our proposal, the federal government would put up to $700 billion taxpayer dollars on the line to purchase troubled assets that are clogging the financial system.

...

Thank you for listening. May God bless you.

Barefootsies · 03-10-2010, 06:00 AM

CaptainHowdy · 03-10-2010, 06:02 AM

Brujah · 03-10-2010, 07:19 AM

Democrats keep trying to take credit for Bush's plan.

TheDoc · 03-10-2010, 07:50 AM

Damn straight! Getting Bush out of office did more good than anything.

TheDoc · 03-10-2010, 07:53 AM

Quote:

Originally Posted by Brujah

Democrats keep trying to take credit for Bush's plan.

Maybe so - they did vote on it and help draft it up... but what's a bit ironic is the Republicans 'blamed' Obama for this bailout. Saying he pushed for it, he was the President when it went into action, it's Obama's mess - even though Bushed signed it in.

How quick the tables turn when it goes from screwing our kids over to actually helping the country.

Brujah · 03-10-2010, 10:14 AM

Those have to be fake Republicans then. Why would they give Obama credit for what Bush did? That doesn't make sense.

_Richard_ · 03-10-2010, 10:37 AM

Quote:

Originally Posted by TheDoc

Maybe so - they did vote on it and help draft it up... but what's a bit ironic is the Republicans 'blamed' Obama for this bailout. Saying he pushed for it, he was the President when it went into action, it's Obama's mess - even though Bushed signed it in.

How quick the tables turn when it goes from screwing our kids over to actually helping the country.

i think everyone was more upset about money going into infrastructure than disappearing into bank coffers

but i am just a canadian

Nikki_Licks · 03-10-2010, 10:40 AM

A true disgrace to the USA! All we did was trade on idiot for another......

Brujah · 03-10-2010, 10:45 AM

Vendzilla, sperbonzo, daddyhalbucks, stickyfingerz, no comment?

The Demon · 03-10-2010, 11:06 AM

That's funny. Getting Bush out of office brought in a bigger idiot who's destroying our economy on levels Bush could only dream of. And I love TheDoc's argument that "Bush signed off on the bailouts." Who instituted them, moron? I wonder why he's even allowed to post in argumentative threads.

Brujah · 03-10-2010, 11:09 AM

Didn't you watch this speech or read the words Demon? How can you pretend Bush didn't push for this?

Brujah · 03-10-2010, 11:17 AM

This part was pretty smart, of the bill Bush signed into law:

Quote:

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

No oversight. No court review.

The Demon · 03-10-2010, 11:18 AM

Quote:

Originally Posted by Brujah

Didn't you watch this speech or read the words Demon? How can you pretend Bush didn't push for this?

Wait, who said I pretended Bush didn't push for this? When have I ever supported Bush's economic policies?

Tom_PM · 03-10-2010, 11:20 AM

"fixed"?

You betcha'

Brujah · 03-10-2010, 11:21 AM

Quote:

Originally Posted by The Demon

Wait, who said I pretended Bush didn't push for this? When have I ever supported Bush's economic policies?

I misread your post. I wondered who you were talking about.

The Demon · 03-10-2010, 11:33 AM

As a republican and fiscal conservative, I was always against most of Bush's economic policies and I didn't think it could get any worse. Then we elected Obama and it got worse ten-fold.

marketsmart · 03-10-2010, 11:40 AM

again, i have to point out, when are you people going to wake up and stop pointing fingers at one person.. its the whole govt thats fucked up and more corrupt then ever..

this is just what both sides want, people busy spending time blaming the other side..

what we should be doing is getting people on the same team to kick all of these corrupt long standing congress members out of office..

.

Brujah · 03-10-2010, 12:01 PM

ok marketsmart, let's do it. who first?

Tom_PM · 03-10-2010, 12:08 PM

Vote against all incumbents, in all elections, always, everyone.

Aside from that you have to try to get one of them to impose term limits, and they tend to not want to fire themselves.. so ...

Otherwise they are too entrenched and there isn't a lever long enough to pry them loose from each other. Lobbyists & "representatives".. totally bedded down together. Longer they are there, the more comfortable they are doing anything for any reason. Just keep the cash flowing.

Brujah · 03-10-2010, 12:10 PM

My incumbent rocks, it's your incumbent that sucks.

Tom_PM · 03-10-2010, 12:14 PM

Nope, we've got to vote against all incumbents. Good today, corrupt tomorrow. It's the only way. I dont care if they are freshmen or veterans (there should NEVER be these idiotic lifelong appointments), when they come up for a vote, we should turn them over for at least a few cycles.

Nikki_Licks · 03-10-2010, 12:21 PM

Quote:

Originally Posted by marketsmart

again, i have to point out, when are you people going to wake up and stop pointing fingers at one person.. its the whole govt thats fucked up and more corrupt then ever..

this is just what both sides want, people busy spending time blaming the other side..

what we should be doing is getting people on the same team to kick all of these corrupt long standing congress members out of office..

.

No doubt.......

GregE · 03-10-2010, 12:25 PM

Quote:

Originally Posted by PR_Tom

Vote against all incumbents, in all elections, always, everyone.

When the economy gets good again (which it ain't), I might be cool with reelecting some of them.

epitome · 03-10-2010, 12:35 PM

Quote:

Originally Posted by PR_Tom

Vote against all incumbents, in all elections, always, everyone.

Aside from that you have to try to get one of them to impose term limits, and they tend to not want to fire themselves.. so ...

Amen! Hopefully, more and more Americans are waking up to this concept.

Tom_PM · 03-10-2010, 12:42 PM

I just feel that corruption seeks out stagnant conditions.

anyway.. I just cant think of another way to actually make a change. And I like some of them pretty well too.

03-10-2010, 05:59 AM	#1
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	Let's always remember who really fixed the economy http://money.cnn.com/2008/09/24/news...ion=2008092422 Good evening. This is an extraordinary period for America's economy. Over the past few weeks, many Americans have felt anxiety about their finances and their future. I understand their worry and their frustration. ... With the situation becoming more precarious by the day, I faced a choice, to step in with dramatic government action or to stand back and allow the irresponsible actions of some to undermine the financial security of all. I'm a strong believer in free enterprise, so my natural instinct is to oppose government intervention. I believe companies that make bad decisions should be allowed to go out of business. Under normal circumstances, I would have followed this course. But these are not normal circumstances. The market is not functioning properly. There has been a widespread loss of confidence, and major sectors of America's financial system are at risk of shutting down. The government's top economic experts warn that, without immediate action by Congress, America could slip into a financial panic and a distressing scenario would unfold. More banks could fail, including some in your community. The stock market would drop even more, which would reduce the value of your retirement account. The value of your home could plummet. Foreclosures would rise dramatically. And if you own a business or a farm, you would find it harder and more expensive to get credit. More businesses would close their doors, and millions of Americans could lose their jobs. Even if you have good credit history, it would be more difficult for you to get the loans you need to buy a car or send your children to college. And, ultimately, our country could experience a long and painful recession. Fellow citizens, we must not let this happen. I appreciate the work of leaders from both parties in both houses of Congress to address this problem and to make improvements to the proposal my administration sent to them. ... But given the situation we are facing, not passing a bill now would cost these Americans much more later. ... In close consultation with Treasury Secretary Hank Paulson, Federal Reserve Chairman Ben Bernanke, and SEC Chairman Chris Cox, I announced a plan on Friday. First, the plan is big enough to solve a serious problem. Under our proposal, the federal government would put up to $700 billion taxpayer dollars on the line to purchase troubled assets that are clogging the financial system. ... Thank you for listening. May God bless you. __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

03-10-2010, 06:00 AM	#2
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	__________________ Should You Email Your Members? Link1 \| Link2 \| Link3 Enough Said. "Would you rather live like a king for a year or like a prince forever?"

03-10-2010, 06:02 AM	#3
CaptainHowdy Too lazy to set a custom title Industry Role: Join Date: Dec 2004 Location: Happy in the dark. Posts: 93,471	__________________ Tjeezers.cam plus all sites $12.000,00. Transfer within 24 hours.

03-10-2010, 07:19 AM	#4
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	Democrats keep trying to take credit for Bush's plan. __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

03-10-2010, 07:50 AM	#5
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	Damn straight! Getting Bush out of office did more good than anything. __________________ ~TheDoc - ICQ7765825 It's all disambiguation

03-10-2010, 10:14 AM	#7
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	Those have to be fake Republicans then. Why would they give Obama credit for what Bush did? That doesn't make sense. __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

03-10-2010, 10:40 AM	#9
Nikki_Licks Confirmed User Join Date: May 2005 Location: Behind The Lens Posts: 6,323	A true disgrace to the USA! All we did was trade on idiot for another...... __________________ Amateur Content ICQ: 292 356 077

03-10-2010, 10:45 AM	#10
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	Vendzilla, sperbonzo, daddyhalbucks, stickyfingerz, no comment? __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

03-10-2010, 11:06 AM	#11
The Demon Confirmed User Industry Role: Join Date: Apr 2003 Posts: 7,336	That's funny. Getting Bush out of office brought in a bigger idiot who's destroying our economy on levels Bush could only dream of. And I love TheDoc's argument that "Bush signed off on the bailouts." Who instituted them, moron? I wonder why he's even allowed to post in argumentative threads. __________________ Greed is Good

03-10-2010, 11:09 AM	#12
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	Didn't you watch this speech or read the words Demon? How can you pretend Bush didn't push for this? __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

03-10-2010, 11:20 AM	#15
Tom_PM Porn Meister Industry Role: Join Date: Feb 2005 Posts: 16,443	"fixed"? You betcha' __________________ 43-922-863 Shut up and play your guitar.

03-10-2010, 11:33 AM	#17
The Demon Confirmed User Industry Role: Join Date: Apr 2003 Posts: 7,336	As a republican and fiscal conservative, I was always against most of Bush's economic policies and I didn't think it could get any worse. Then we elected Obama and it got worse ten-fold. __________________ Greed is Good

03-10-2010, 11:40 AM	#18
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	again, i have to point out, when are you people going to wake up and stop pointing fingers at one person.. its the whole govt thats fucked up and more corrupt then ever.. this is just what both sides want, people busy spending time blaming the other side.. what we should be doing is getting people on the same team to kick all of these corrupt long standing congress members out of office.. .

03-10-2010, 12:01 PM	#19
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	ok marketsmart, let's do it. who first? __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

03-10-2010, 12:08 PM	#20
Tom_PM Porn Meister Industry Role: Join Date: Feb 2005 Posts: 16,443	Vote against all incumbents, in all elections, always, everyone. Aside from that you have to try to get one of them to impose term limits, and they tend to not want to fire themselves.. so ... Otherwise they are too entrenched and there isn't a lever long enough to pry them loose from each other. Lobbyists & "representatives".. totally bedded down together. Longer they are there, the more comfortable they are doing anything for any reason. Just keep the cash flowing. __________________ 43-922-863 Shut up and play your guitar.

03-10-2010, 12:10 PM	#21
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	My incumbent rocks, it's your incumbent that sucks. __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

03-10-2010, 12:14 PM	#22
Tom_PM Porn Meister Industry Role: Join Date: Feb 2005 Posts: 16,443	Nope, we've got to vote against all incumbents. Good today, corrupt tomorrow. It's the only way. I dont care if they are freshmen or veterans (there should NEVER be these idiotic lifelong appointments), when they come up for a vote, we should turn them over for at least a few cycles. __________________ 43-922-863 Shut up and play your guitar.

03-10-2010, 12:42 PM	#26
Tom_PM Porn Meister Industry Role: Join Date: Feb 2005 Posts: 16,443	I just feel that corruption seeks out stagnant conditions. anyway.. I just cant think of another way to actually make a change. And I like some of them pretty well too. __________________ 43-922-863 Shut up and play your guitar.