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Mr772
09-23-2008, 09:54 AM
Can you hear that implosion reverberating through financial markets?
Its the sound of decades of conservative ideology collapsing.

So what next? I guess the conservative right has lost their minds. How else can you explain the socialism bailout they are proposing? Transferring Capital to government is not a new idea by any means.

Does anyone else find it AMAZINGLY IRONIC THAT DEMS ARE THE ONES FIGHTING AGAINST THE CEO'S MILLION/BILLION DOLLAR GOLDEN PARACHUTES THAT BUSH REPUBLICANS WANT TAX PAYERS (YOU AND ME) TO FUND.

Blackocrates
09-23-2008, 10:46 AM
Does anyone else find it AMAZINGLY IRONIC THAT DEMS ARE THE ONES FIGHTING AGAINST THE CEO'S MILLION/BILLION DOLLAR GOLDEN PARACHUTES THAT BUSH REPUBLICANS WANT TAX PAYERS (YOU AND ME) TO FUND.

Doesn't surprise me, that's business as usual for republicans. Do as they say, not as they do.

Dolphan7
09-23-2008, 10:53 AM
I don't think anyone in Congress or the Whitehouse is pushing for golden parachutes for CEO's. The debate is how much oversight and how much to pay the new CEO's to run these companies once the bailout is funded. You can't pay too low or no one would take the job. You can't pay to high because, well because it's our money now and oversight is important.

Mr772
09-23-2008, 11:01 AM
I don't think anyone in Congress or the Whitehouse is pushing for golden parachutes for CEO's. The debate is how much oversight and how much to pay the new CEO's to run these companies once the bailout is funded. You can't pay too low or no one would take the job. You can't pay to high because, well because it's our money now and oversight is important.

You have to address the golden parachutes before the bailout happens. If the American people are going to pay for this, those golden parachute strings need to be cut FIRST!

The administration has done nothing to address the extra trillion dollars for golden parachutes, you agree with that stance?

MoFinz
09-23-2008, 11:26 AM
both sides are dirty...plenty of mud to sling around.....dont forget to hit the Fannie Mae guys on Obamas team while youre at it. Or Chris Dodd....

The_Dark_Knight
09-23-2008, 11:42 AM
While I'm not fan of the government bailing out Fannie Mae, Freddie Mac and AIG, the failure of the government to intervene would cause the economic collapse of our nation. And as MoFinz stated, there is PLENTY of blame to go around. This loose or no oversight has been around for DECADES on both democratic and republican watches...in both the Executive and Legislative Branches of our government.

To point fingers and blame this person, or that person...this body or that body is useless and wasted energy. Affixing blame does fix the problem.

FIX THE PROBLEM!!!

As for Mr772's "golden parachutes", I agree that the CEO's of these companies should not be making obscene millions in salaries and bonues however, in all fairness, their salary should be comparable to the position in which they hold. I haven't had much of an opportunity to do some detailed reading, but I did hear McCain on the news earlier today state words to the effect that these CEO's and senior managers should not be making more than the President of the United States...seeing how the government is the one bailing them out of their financial mess.

That's fair to me...I can live with that.

Mr772
09-23-2008, 11:53 AM
both sides are dirty...plenty of mud to sling around.....dont forget to hit the Fannie Mae guys on Obamas team while youre at it. Or Chris Dodd....


Your avoiding the issue as usual. Conservatives want to socialize our country now that their ludicrous trickle down economics have been proven catastrophic and you respond with both sides are dirty?

Are the Fannie Mae guys proposing a bailout? No because they are not elected officials. Why not lump McCain's top aid and Freddie Mac Lobbyist into the group as well? I'll tell you why, since you don't understand, because they have no say as to how tax dollars are spent. Maybe you can tell me about the last fiscal policy that Chris Dodd was heading??

Mr772
09-23-2008, 11:56 AM
While I'm not fan of the government bailing out Fannie Mae, Freddie Mac and AIG, the failure of the government to intervene would cause the economic collapse of our nation. And as MoFinz stated, there is PLENTY of blame to go around. This loose or no oversight has been around for DECADES on both democratic and republican watches...in both the Executive and Legislative Branches of our government.

To point fingers and blame this person, or that person...this body or that body is useless and wasted energy. Affixing blame does fix the problem.

FIX THE PROBLEM!!!

As for Mr772's "golden parachutes", I agree that the CEO's of these companies should not be making obscene millions in salaries and bonues however, in all fairness, their salary should be comparable to the position in which they hold. I haven't had much of an opportunity to do some detailed reading, but I did hear McCain on the news earlier today state words to the effect that these CEO's and senior managers should not be making more than the President of the United States...seeing how the government is the one bailing them out of their financial mess.

That's fair to me...I can live with that.

I'll second that, seems very fair. Can they possibly have more responsibility than the leader of the free (and soon to be socialist) world.

The_Dark_Knight
09-23-2008, 12:00 PM
I'll second that, seems very fair. Can they possibly have more responsibility than the leader of the free (and soon to be socialist) world.
Uhhhh...actually????? YES!!

The President screws up....we get nuked...bye bye USA

These CEO's screw up....financial market collapses...US economy collapses...bye bye USA.

But I still stand by my support of what McCain says these CEO's and senior managers should make.

Dolphins9954
09-23-2008, 12:00 PM
Can you hear that implosion reverberating through financial markets?
Its the sound of decades of conservative ideology collapsing.

So what next? I guess the conservative right has lost their minds. How else can you explain the socialism bailout they are proposing? Transferring Capital to government is not a new idea by any means.

Does anyone else find it AMAZINGLY IRONIC THAT DEMS ARE THE ONES FIGHTING AGAINST THE CEO'S MILLION/BILLION DOLLAR GOLDEN PARACHUTES THAT BUSH REPUBLICANS WANT TAX PAYERS (YOU AND ME) TO FUND.


Last time I checked the Dems support the 700 billion dollar bailout. You had Obama just the other day praising Paulson and the Federal Reserve. There really isn't much choice or difference when it come to this bailout. It's going to happen no matter what. And the Dems will vote for it and let us down once again. The Federal Reserve will win once again. And this time will have more power than ever before. Inflation and Debt is here to stay. Dems=GOP. No difference at all.

MoFinz
09-23-2008, 12:32 PM
Your avoiding the issue as usual. Conservatives want to socialize our country now that their ludicrous trickle down economics have been proven catastrophic and you respond with both sides are dirty?

Are the Fannie Mae guys proposing a bailout? No because they are not elected officials. Why not lump McCain's top aid and Freddie Mac Lobbyist into the group as well? I'll tell you why, since you don't understand, because they have no say as to how tax dollars are spent. Maybe you can tell me about the last fiscal policy that Chris Dodd was heading??


I avoided nothing Good Sir. I simply pointed out that in your zeal to place blame, you forgot to include some very integral figures. Mayhaps your partisan blinders hindered your sight.

And you do know that Chris Dodd is Chairman of the Senate Committee on Banking, Housing, and Urban Affairs. I'd say that puts him right in line in the fiscal policy department, especially this financial mess we see now. How is he in charge of all that AND in the pocket of the big lenders? Conflicted interests much?

Care to question my attention to detail or comprehension skills again?

ohall
09-23-2008, 02:34 PM
The economy runs in cycles. If you want to blame one side and leave the other side out of this, have at it.

propheticWrit
09-23-2008, 02:43 PM
In the good ol' days when someone cheated a community out of its money we would bring out the lynch mob. Now we pay them off to go away silently and sit on a few boards until people forget how incompetent they were. Conveniently enough, those who pay them off will be CEOs themselves in the future, and will get their absurd salaries voted for by the same people they gave bailout packages to this time around. And the cycle continues....

poornate
09-23-2008, 03:05 PM
I avoided nothing Good Sir. I simply pointed out that in your zeal to place blame, you forgot to include some very integral figures. Mayhaps your partisan blinders hindered your sight.

And you do know that Chris Dodd is Chairman of the Senate Committee on Banking, Housing, and Urban Affairs. I'd say that puts him right in line in the fiscal policy department, especially this financial mess we see now. How is he in charge of all that AND in the pocket of the big lenders? Conflicted interests much?

Care to question my attention to detail or comprehension skills again?

Like all policy and programs... what we are seeing now is the result of what was put into place a few years ago.... Who WAS the chair of that committee a few years ago?

MoFinz
09-23-2008, 03:16 PM
Like all policy and programs... what we are seeing now is the result of what was put into place a few years ago.... Who WAS the chair of that committee a few years ago?

Doesn't matter...whos been in charge since jan. 07? Youre gonna tell me he didnt see this coming? This wasnt exactly 9-11 surpirse wise. He was covering for his buddies...just like Richard Shelby did

The_Dark_Knight
09-23-2008, 03:18 PM
Like all policy and programs... what we are seeing now is the result of what was put into place a few years ago.... Who WAS the chair of that committee a few years ago?
Nate, this goes back MUCH further than a few years ago and it was not ONE individual incident or legislation that caused this. It's been a combination of many different factors

Government deregulation, NAFTA, authorization to move businesses overseas, the G7 now G8, bad trade agreements...this goes back some 25-30 years.

Let's keep all of this real. This is the result of years of mis-management in Washington and I put the blame more on the congress than any other branch of government.

They MAKE the laws...and they hold the nation's checkbook.

Mr772
09-24-2008, 09:49 AM
Hasn't the lions share of congress been ran by republicans the past 25-30 years?

Mr772
09-24-2008, 10:14 AM
I avoided nothing Good Sir. I simply pointed out that in your zeal to place blame, you forgot to include some very integral figures. Mayhaps your partisan blinders hindered your sight.

And you do know that Chris Dodd is Chairman of the Senate Committee on Banking, Housing, and Urban Affairs. I'd say that puts him right in line in the fiscal policy department, especially this financial mess we see now. How is he in charge of all that AND in the pocket of the big lenders? Conflicted interests much?

Care to question my attention to detail or comprehension skills again?

Yawn......tell me again how trickle down economics can destroy a finacial system.

I think I hear someone shreading all the Milton Freidmon BS at this very moment.

Earning my economics degree I remember arguments at nauseam with Freud proponents about the foreseeable failure of our nation due to these ideologies. Now to see these recent events happen it's a bitter sweet moment. I'm just glad things are changing so the general public can see these republican policies for what they really are. The sad part is that many of the supporters of the policy are the ones on the opposite end of the class seperation and greed they are promoting.

Can our nation's deficit sustain another republican big spender president clothed in a fiscal conservative facade?

The_Dark_Knight
09-24-2008, 12:40 PM
Hasn't the lions share of congress been ran by republicans the past 25-30 years?
No. Research it and get back with me.

MoFinz
09-24-2008, 02:22 PM
Yawn......tell me again how trickle down economics can destroy a finacial system.

I think I hear someone shreading all the Milton Freidmon BS at this very moment.

Earning my economics degree I remember arguments at nauseam with Freud proponents about the foreseeable failure of our nation due to these ideologies. Now to see these recent events happen it's a bitter sweet moment. I'm just glad things are changing so the general public can see these republican policies for what they really are. The sad part is that many of the supporters of the policy are the ones on the opposite end of the class seperation and greed they are promoting.

Can our nation's deficit sustain another republican big spender president clothed in a fiscal conservative facade?


Nice deflection.

And again....wanna question my intelligence or attention anymore?

You go ahead and vote for Jimmy Carter part deux...lemme know how that works out for ya:rolleyes:

MoFinz
09-24-2008, 02:23 PM
No. Research it and get back with me.

:sidelol:

The_Dark_Knight
09-24-2008, 03:21 PM
:sidelol:
Think he will? :unsure:

MoFinz
09-24-2008, 03:30 PM
Think he will? :unsure:


doubtful..more like :foundout: