Common Sense

Originally posted by whodey
In other words, consider any other change ECXEPT changing direction from the Bush/Obama direction and stop whining? No thanks, we need to change course.

I think you have me all wrong sir. What I am saying is that it is not just bush and obama, they alone can not make the laws. There are two other branches of government yet it seems that everyone has thier sights on only bush and obama.

As I said before don't complain, act, call your congressmen and if they don't listen make it your duty to do what you can to get them out.

Originally posted by torch71
I wish everyone would lay the Obama critisism and the Bush critisism to rest and start lookin at common sense for a change. This country is in termoil and all people want to do is wine about who's fault it is or was. The fact of the matter is that unemployment is at a devistating 10.2 percent(and those numbers are low).

What you need to ask yourself is ...[text shortened]... chance you can.

Sorry just ranting here no need to respond, but isn't it just Common Sense?

Is this from Glenn Beck's new book?

Originally posted by torch71
I think you have me all wrong sir. What I am saying is that it is not just bush and obama, they alone can not make the laws. There are two other branches of government yet it seems that everyone has thier sights on only bush and obama.

As I said before don't complain, act, call your congressmen and if they don't listen make it your duty to do what you can to get them out.

You are right, most only focus in on the president when assessing the political climate. As for myself, I blame the party system. One must bow to the party line in certain ways to secure for themselves support. Translated, to have someone pay to get you elected, do what we say. And since corporate America is funding both parties, it is little surprise that the two parties don't differ that much.

Originally posted by scherzo
Is this from Glenn Beck's new book?

I don't know I havent read it, have you?

Originally posted by whodey
You are right, most only focus in on the president when assessing the political climate. As for myself, I blame the party system. One must bow to the party line in certain ways to secure for themselves support. Translated, to have someone pay to get you elected, do what we say. And since corporate America is funding both parties, it is little surprise that the two parties don't differ that much.

I have to agree whole heartedly. The bad guy in America is not big businesses and wall street, it is gov. who have become the biggest crooks.

Originally posted by torch71
I have to agree whole heartedly. The bad guy in America is not big businesses and wall street, it is gov. who have become the biggest crooks.

There really is no "Bad Guy" in America. Just 300 million flawed people.

Originally posted by torch71
I have to agree whole heartedly. The bad guy in America is not big businesses and wall street, it is gov. who have become the biggest crooks.

Really? And where did all that TARP money go? Was it to the politicians? It seems to me that it went to big business. In fact, it almost looks to me as if Goldman Sachs planned it all out as they seemed to profit most from the situation more than anyone abroad. In addition, most of the men in government, like Paulson, who were managing the situation worked for Goldman at some point in their lives. Then we see big business bail out government as with Chase bank giving money to the state of California. So who needs who? It seems to me that they have the same interests at heart.

Originally posted by Melanerpes
There really is no "Bad Guy" in America. Just 300 million flawed people.

No doubt, we all had a hand to play in the credit crisis. People will often live beyond their means if given the chance by living in homes they can't afford. Wall Street will make whenever possible. This means turning these toxic mortgages into such complicated assets that not even Warren Buffet can figure them out. In short, people are materialistic and greedy. Of course, the left would like you to believe this materialism and greed ends at the door step of government, unless it is a Republican. The truth of the matter is that we are all to blame, however, I think the bulk of the sin lies with government. They should not have let people have loans they could not afford via the CRA act under Carter. Also, they should have put the brakes on the activities of Freddy Mac and Fanny Mae as they oversaw their debacle but Barney Frank and company did NOTHING to prevent this disaster. Instead, they watched it all unfold until it got to the point that the tax payer had to "bail" everyone out to make things right again. I say it was by design.

Originally posted by whodey
Really? And where did all that TARP money go? Was it to the politicians? It seems to me that it went to big business. In fact, it almost looks to me as if Goldman Sachs planned it all out as they seemed to profit most from the situation more than anyone abroad. In addition, most of the men in government, like Paulson, who were managing the situation work ...[text shortened]... te of California. So who needs who? It seems to me that they have the same interests at heart.

Yes Really. Again I am looking to the root of it. Could the banks and big businesses reap the reward money had congress not dangled it out there. It is as if congrees loves digging into the taxpayers pocket with no remorse at all. And I feel assured the are going to be some scrathing of the back returned to many in gov.

Originally posted by torch71
Yes Really. Again I am looking to the root of it. Could the banks and big businesses reap the reward money had congress not dangled it out there. It is as if congrees loves digging into the taxpayers pocket with no remorse at all. And I feel assured the are going to be some scrathing of the back returned to many in gov.

The reason for the bailouts was because no one wanted to find out exactly what would've happened to the economy had we just sat back and let all the big banks and certain big businesses all fail at once. Perhaps it would've turned out fine. But chances are pretty good that it would have been a major disaster.

You yourself have stated that the biggest concern should be protecting (and creating) jobs. But a massive failure by almost all of the largest banks would likely have set off a cataclysm that may've put maybe half the population (or more) out of work. We would no longer be calling the economic event that started in 1929 the "Great Depression". So by your own standards, the TARP process was a wise move.

The big question moving forward is what do we do with banks and businesses that are "too big to fail". If left to their own devices, such entities will continue take excessive amounts of risk, because they would know that government would rescue them again if things went sour. The only alternative to this is for government to impose regulations regarding risk-taking whenever a business or bank reached "too big" status.

As for who was "at fault". It's so easy to look for some "Bad Guy" - whether it be undisciplined homeowners, greedy banks or corrupt senators, and things always look much clearer in hindsight. But the reality is that while a lot of people did foolish things, it's hard to pin the blame on anyone in particular. Hopefully, we all learn from this and resolve not to repeat this bit of history again.

Originally posted by torch71
This country is in termoil and all people want to do is wine

Wine does solve a lot of problems.

Originally posted by shavixmir
Wine does solve a lot of problems.

It can create a few as well.

Originally posted by Melanerpes
The reason for the bailouts was because no one wanted to find out exactly what would've happened to the economy had we just sat back and let all the big banks and certain big businesses all fail at once. Perhaps it would've turned out fine. But chances are pretty good that it would have been a major disaster.

You yourself have stated that the biggest ...[text shortened]... ully, we all learn from this and resolve not to repeat this bit of history again.

I don't know, we might have been better of to let them fail and let smaller business(that does have good business sense) grow. Use the funds to help them grow. As from what I have seen through my years the bigger the are the harder they are to control and turn decent profits.

Originally posted by torch71
I wish everyone would lay the Obama critisism and the Bush critisism to rest and start lookin at common sense for a change. This country is in termoil and all people want to do is wine about who's fault it is or was. The fact of the matter is that unemployment is at a devistating 10.2 percent(and those numbers are low).

What you need to ask yourself is ...[text shortened]... chance you can.

Sorry just ranting here no need to respond, but isn't it just Common Sense?

I share a measure of your frustration. I think you'll find however that unemployment will start go down starting early next year. The stock market is already on the rise, and with it, are peoples 401K's. America is in the middle of a pretty severe economic downturn. It's natural that some finger pointing will be the result. Frankly I don't know of too many lawmakers who are more concerned about Polar Bears and Global warming than food. The only reason your hearing about these subjects at all, is because the last administration basically ignored them for 8 years. America recovered from the economic downturns of the 30's, 70's and 80's. This downturn will be no exeption. There was plenty of blame to go around for this economic mess. I spent 15 years as an employee, and the last 16 years running my own business. If I can offer any advise my friend it is this:" "Fortune Favors The Persistent!" 😏

Originally posted by torch71
Lol, I see you are only here not for debate but to nit pick and argue. again the topic is Common sense.

Do you think to be able to feed your family is more important than healthcare, global warming, employee bonuses?

I don't like either political party but in some fareness to both of them, neither party ever said lets do nothing about people starving to death and resolve other issues. The overwhelming number of people in this country can eat and they want other issue resolved (even if I think the proposed solutions would make things even worse)