Ron Paul on the bailout

[pedroh 21]

today I saw Ron Paul-ites on the streets with sign of 'no bailout' and small business owners were protesting too.. about if the government bailed out the big honchoes, they should pay their debts too.. kinda logical

[IAMX 3,055]

today I saw Ron Paul-ites on the streets with sign of 'no bailout' and small business owners were protesting too.. about if the government bailed out the big honchoes, they should pay their debts too.. kinda logical

Can't blame them, although, the government should be bailing out no one. It only is because it created this mess in the first place.

It's like Saddam Hussein memory loss. We coin Saddam Hussein some bad guy and justify Bush lying about Saddam and 9/11, or Saddam and WMD, or Saddam and pretty much everything else, like he is just some bad guy who just took control of Iraq all on his own with his terrorist connections. Not quite. It was the U.S. government who put him into power, gave him the weapons he needed, and so forth.

So all that's left is government making a stupid move to cover up for another previously stupid move. Two stupid choices don't make it right.

[luckytxn 2,263]

today I saw Ron Paul-ites on the streets with sign of 'no bailout' and small business owners were protesting too.. about if the government bailed out the big honchoes, they should pay their debts too.. kinda logical

Forgot about those Paulites in Charlotte. There was a real hot babe from Charlotte that modeled his T-shirts in several sizes too small. She had several youtube vids too that used to be popular.

Edited September 25, 2008 by luckytxn

[luckytxn 2,263]

today I saw Ron Paul-ites on the streets with sign of 'no bailout' and small business owners were protesting too.. about if the government bailed out the big honchoes, they should pay their debts too.. kinda logical

Can't blame them, although, the government should be bailing out no one. It only is because it created this mess in the first place.

It's like Saddam Hussein memory loss. We coin Saddam Hussein some bad guy and justify Bush lying about Saddam and 9/11, or Saddam and WMD, or Saddam and pretty much everything else, like he is just some bad guy who just took control of Iraq all on his own with his terrorist connections. Not quite. It was the U.S. government who put him into power, gave him the weapons he needed, and so forth.

So all that's left is government making a stupid move to cover up for another previously stupid move. Two stupid choices don't make it right.

Have to agree. And as Ron Paul said. "We marched right in and we can march right out"

What a kook.

[Aubrey 10]

I say do nothing. Recession is a NATURAL part of the economic cycle. You can't avoid it with bailouts like this. The bailouts have to be paid for eventually, or we will not be dealing with bankrupt companies but a bankrupt government. It will come with policies like these.

Cute that Republican philosophy is for small government and fiscal responsibility. Buying out huge corporations and spending billions of dollars to do it... that ain't either, Mr. Bush and colleagues.

[luckytxn 2,263]

Have to agree Aubrey. We have had them before and somehow survived. Also throwing in a huge amount of new money used to be very inflationary. Wonder if it still is?

[Aubrey 10]

Have to agree Aubrey. We have had them before and somehow survived. Also throwing in a huge amount of new money used to be very inflationary. Wonder if it still is?

Considering the treasury already had to print money to pay for the last bailouts (Fannie Mae, etc), yeah, it creates inflation. Ooh, let's make 80's stagflation on top of a depression!

[luckytxn 2,263]

I remember that time well. They even had something called a misery index. Carter was not a fun president.

Edited September 25, 2008 by luckytxn

[Pinocchio Liberal 268]

today I saw Ron Paul-ites on the streets with sign of 'no bailout' and small business owners were protesting too.. about if the government bailed out the big honchoes, they should pay their debts too.. kinda logical

Can't blame them, although, the government should be bailing out no one. It only is because it created this mess in the first place.

It's like Saddam Hussein memory loss. We coin Saddam Hussein some bad guy and justify Bush lying about Saddam and 9/11, or Saddam and WMD, or Saddam and pretty much everything else, like he is just some bad guy who just took control of Iraq all on his own with his terrorist connections. Not quite. It was the U.S. government who put him into power, gave him the weapons he needed, and so forth.

So all that's left is government making a stupid move to cover up for another previously stupid move. Two stupid choices don't make it right.

Dude it was a money party, most of us participated in it. House flippers,refinancing based on what the appraisers were telling ppl theyre homes were worth. Ppl buyin shite left and right via theryre equity. Home prices doubling and sometimes tripling, I saw it three years ago. If your upsidedown on your house its your own fukcing fault not the governments. Your just experiencing the hangover from the party.

Fannie and Freddie were buyin the mortgages to make theyre books look good and got caught holding the bag. Tell me who was running Fannie and Freddie?

[IAMX 3,055]

today I saw Ron Paul-ites on the streets with sign of 'no bailout' and small business owners were protesting too.. about if the government bailed out the big honchoes, they should pay their debts too.. kinda logical

Can't blame them, although, the government should be bailing out no one. It only is because it created this mess in the first place.

It's like Saddam Hussein memory loss. We coin Saddam Hussein some bad guy and justify Bush lying about Saddam and 9/11, or Saddam and WMD, or Saddam and pretty much everything else, like he is just some bad guy who just took control of Iraq all on his own with his terrorist connections. Not quite. It was the U.S. government who put him into power, gave him the weapons he needed, and so forth.

So all that's left is government making a stupid move to cover up for another previously stupid move. Two stupid choices don't make it right.

Dude it was a money party, most of us participated in it. House flippers,refinancing based on what the appraisers were telling ppl theyre homes were worth. Ppl buyin shite left and right via theryre equity. Home prices doubling and sometimes tripling, I saw it three years ago. If your upsidedown on your house its your own fukcing fault not the governments. Your just experiencing the hangover from the party.

Fannie and Freddie were buyin the mortgages to make theyre books look good and got caught holding the bag. Tell me who was running Fannie and Freddie?

It was said many times where it started in this topic. It started with deregulation, which ultimately laxed oversight and loosened lending practices. Consider the vulture trying to sell you the house on a fantastic fixed variable rate which you obviously aren't aware of until the price suddenly jumps.

It's not to say it isn't the people's faults too. They went along with making their income and credit seem far more than it was worth. Strangely enough, I'm not hearing too many stories about people defaulting on their second or third or fourth home. It's people desperate to get a house, and who can blame them.

Ultimately, there must be strict regulations put back upon the finance industry, and another one on the housing industry, like price ceilings based upon cost of living. This way those who've never had a house can afford to get one with a reasonable interest rate that they can pay off according to their real income and credit.

[luckytxn 2,263]

I agree Rogue. Know quite a few people that enjoyed the bubble while it lasted.

Still never gonan gegt me to agree Steven but most people will agree with you that Government should save us from stupidity.

[IAMX 3,055]

I don't think the government should bail people out.

Let them die. There's already enough wasteful tax spending. It's going to hurt the economy badly, but this has far too many consequences for people my age and younger to deal with by having the government bail them out.

Make the appropriate changes, start from scratch.

[luckytxn 2,263]

When I bought my house I had a ceiling that I could borrow that I met easily and credit had to a certain limit. Someone tried to get me to buy way more than that and I refused.

[IAMX 3,055]

With stricter regulations those sort of predatory lending practices will largely be kaput.

Overheard on NPR driving home a few months back about how people were inflating their credit score and even worse falsely reporting their income in order to qualify for outlandish loans, combined with variable rates and when the price went up, so went the house.

Ironically, I've also heard of people who foreclosed after having the irony of owing more on the house than the house is worth, then went and bought another house at a lower, more reasonable cost due to the sinking of prices.

This all just reeks of the need for a return to oversight.

[Pinocchio Liberal 268]

We all love feeding at the trough until it gets empty.

Exactly! Dont forget who spends the money, and who has been in control of the purse for the past few years.