Comments on: Weigh In: Who Should Get the Boot?

By: Don M

Don M — Wed, 08 Oct 2008 16:36:47 +0000

This excess has been brewing for many years. Indeed, deregulation added to the ferocity of the meltdown. Members of congress and the senate pressed an egalitarian social agenda through the loan policies of Fannie and Freddie; millions of bad home loans were cut and then traded as legitimate paper. At the same time, consumer spending was spurred by very low interest rates and artificially high home values; American oil and energy needs became a near-total import, we bled cash. When the bubble blew, there was no bottom. We’re still in free fall. Yes, Bush’s hands-off tendencies and feckless policy-spinning Democrat banking committee members are partially responsible, but so is a laundry list of elected officials who span backwards 25 years or more. Let’s give credit where credit is do, we ALL share in this one.

By: Crooked Folks

Crooked Folks — Wed, 08 Oct 2008 16:28:12 +0000

Robert….I have to agree…moritorium on capital gains or at least significantly reduce it..You would see a tidal wave of invetments back into the market…HUGE

By: Crooked Folks

Crooked Folks — Wed, 08 Oct 2008 16:26:38 +0000

Tim..you are oh os wrong…pay as you go slick willie pushed this Freddie and Fannie thing to the hilt…Want to talk daisy chain…Started with slick willie and exacerbated by the Democratic Congress over the pas 2.5 years…

I do agree that there should be a balanced budget ammendment..You and I can NOT run our house at a negative…why should we allow our government to

By: Chris

Chris — Wed, 08 Oct 2008 16:15:49 +0000

Ben Bernanke should get the boot! Bring back Alan Greenspan!!!!!!!

By: Joan

Joan — Tue, 07 Oct 2008 22:41:16 +0000

I love the comment by TOM and it’s worth reposting:
Comment by Tom

Oct 7th, 2008 at 4:39 pm

The American people should be fired for being stupid and voting for politicians who pushed to let stupid people borrow money when they couldn’t and won’t repay it. This is a big tax refund in the disguise of a bail-out of stupid people not banks. We should fire all the politicians who forced Fannie and Freddie to make loans to people who shouldn’t have gotten them. We are also stupid for thinking all the blame should be put on Wall Street, when they did what they’d naturally do – make money on stupid people who took loans they couldn’t afford. We need a new political party but chances are we’ll continue to be stupid and vote for politicians who pander to our greed and continue to divide us. God please forgive us for being stupid!

We are the ones with the power to pull the lever on election day. The reason why certain “groups” were not allowed to vote was simply because they were uneducated, not because of their race or gender. Our founding fathers knew the dangers of putting power in the hands of people who don’t have all the facts.

Now fast forward to modern-day times. Shame on us for remaining uneducated. Everyone in this country knows how to read and research the candidates. It’s just that we’re too lazy to do it. We blindly trust the media to tell us who these people are (or worse, rely on celebrity endorsements-yikes!)

This whole thing boils down to a question of character. If a person lies to your face about having dinner with a domestic terrorist, or not been influenced when sitting in a pew for 20 years listening to a radical preacher who hates America, how can we believe that he has the best interest of the American people at heart? That is why CHARACTER is the number 1 reason I base my voting decisions on. You will hear the campaigns say that’s not really important and those issues are private matters. Based on what I’m reading above, our country is a mess because of thieves and liars who are driven by greed and corruption. If we continue to vote in office people who are MORALLY BANKRUPT, then shame on us. We deserve it.

By: Scott

Scott — Tue, 07 Oct 2008 22:24:14 +0000

I don’t understand why McCain hasn’t pressed home an “I’m only one with a proven committment to stop it” attack regarding the economic price we’re paying for the undue influence of lobbyists on a corruptible and unethical Congress.

By: Ken

Ken — Tue, 07 Oct 2008 22:20:26 +0000

It is the timing that amazes me. True, Congress was warned two years ago but having the situation explode 45 days before a presidential election…Sounds like the Dems have orchestrated another “October Surprise.”

By: Tim

Tim — Tue, 07 Oct 2008 22:12:13 +0000

The entire executive branch should be replaced. The republicans are at fault because they only spout thier principals when conveinient. The free market principles would work if people were honest. The lack of regulation by the bush administration and his deficit spending has put the financial future of this country in jepardy. I am not a democrat but at least under Clinton we operated under a pay as you go economy and didnt put the burden of the deficit on our children. The small goverment Republicans have pretty much created a monster. This administration is as bad as the private sector CEOs and are just as criminal.

By: Patricia

Patricia — Tue, 07 Oct 2008 22:09:58 +0000

Anyone who sponsored, co-sponsored or voted FOR the BAILOUT BILL!
“Off with their heads!”

By: Robert

Robert — Tue, 07 Oct 2008 22:08:50 +0000

Buy, Buy and Buy somemore. I only wish I had more resources to take advantage of the fire sale in the stock market. I’m an investor note a trader. Now if the Gov’t would just put a moratorium on Capital Gains tax for a 3 to 5 year period, you’d see money flowing into the Capital Markets like a flood. The Tax payers wouldn’t have to foot the bill for what could only be discribed as bad business decisions of the Capital Markets. Be the kid in the candy store and BUY!