|
|
Joined: Apr 2004
Posts: 61,130
Campfire Kahuna
|
OP
Campfire Kahuna
Joined: Apr 2004
Posts: 61,130 |
It's the market.
Bush's bail-out plan gets shot down today; Pelosi delivers the most partisan speech she can, right before the vote, intentionally killing the bill.
Bush comes out immediately after, "very disappointed".
Less than 20 minutes later, Obama comes out saying he doesn't believe that the bail-out is dead yet.
The Dems roll-out their own bill tonight, and start debate on it tomorrow.
Obama will headline the drive to get it passed. It will pass on a party-line vote late tomorrow evening or more likely Wednesday morning.
The markets tanked today; nearly 10% down just today. They will not recover by the end of tomorrow. IRA, 401k, and investment account quarterly statements close at 4 p.m. tomorrow. They will be down, and greatly. Those statements ("the last statements under the Bush/Republican economic plan") will arrive between October 10 and October 15; less than one month, likely less than 3 weeks prior to the election, and just about exactly coinciding with the next POTUS debate (on the economy, btw).
The market will rally Wednesday after the Obama bill passes.
The attitude will be that the Republicans/Bush/McCain caused this, and couldn't do anything about it; Obama can and did.
McCain can't recover from this one, I fear.
Costing the American people millions, creating fear, and intentionally tanking the market, all to win the election. Helluva portence for an Obama presidency.
|
|
|
|
|
Joined: Nov 2005
Posts: 7,579
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Nov 2005
Posts: 7,579 |
|
|
|
|
|
Joined: Apr 2004
Posts: 61,130
Campfire Kahuna
|
|
OP
Campfire Kahuna
Joined: Apr 2004
Posts: 61,130 |
At what they did, yes. At why, no.
|
|
|
|
|
Joined: Aug 2005
Posts: 26,337
Campfire Ranger
|
|
Campfire Ranger
Joined: Aug 2005
Posts: 26,337 |
Socialists, and their ilk don't want a middle class.
they want a governing elite, issuing what we workers need.
the remaining 90% of the population are workers, supporting the Great State, that the socialists wish to govern.
you've posited a scary scenario. may it never happen!
|
|
|
|
|
Joined: Apr 2004
Posts: 61,130
Campfire Kahuna
|
|
OP
Campfire Kahuna
Joined: Apr 2004
Posts: 61,130 |
It is happening, right now. Check the news (cnn.com); it's happening right now.
|
|
|
|
|
Joined: Nov 2006
Posts: 8,557
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Nov 2006
Posts: 8,557 |
40% of Democratic congress people voted against it. Why was Pelosi whining?
|
|
|
|
|
Joined: Dec 2005
Posts: 3,757
Campfire Tracker
|
|
Campfire Tracker
Joined: Dec 2005
Posts: 3,757 |
It's the market.
Bush's bail-out plan gets shot down today; Pelosi delivers the most partisan speech she can, right before the vote, intentionally killing the bill.
Bush comes out immediately after, "very disappointed".
Less than 20 minutes later, Obama comes out saying he doesn't believe that the bail-out is dead yet.
The Dems roll-out their own bill tonight, and start debate on it tomorrow.
Obama will headline the drive to get it passed. It will pass on a party-line vote late tomorrow evening or more likely Wednesday morning.
The markets tanked today; nearly 10% down just today. They will not recover by the end of tomorrow. IRA, 401k, and investment account quarterly statements close at 4 p.m. tomorrow. They will be down, and greatly. Those statements ("the last statements under the Bush/Republican economic plan") will arrive between October 10 and October 15; less than one month, likely less than 3 weeks prior to the election, and just about exactly coinciding with the next POTUS debate (on the economy, btw).
The market will rally Wednesday after the Obama bill passes.
The attitude will be that the Republicans/Bush/McCain caused this, and couldn't do anything about it; Obama can and did.
McCain can't recover from this one, I fear.
Costing the American people millions, creating fear, and intentionally tanking the market, all to win the election. Helluva portence for an Obama presidency. BOY I sure do hope your right Mr.Nimrod!!!!!! Mr. Obama needs ALL the help he can get and them TSX's in .257cal. will SHONUFF be nice come Nov 4!!!!!!!!!!!!!!  ...
|
|
|
|
|
Joined: Apr 2004
Posts: 61,130
Campfire Kahuna
|
|
OP
Campfire Kahuna
Joined: Apr 2004
Posts: 61,130 |
It's a set-up.
This was the "Bush bill".
Obama will ride back to Washington tonight or tomorrow, and deliver a bill to the Democratic leadership. They will vote, almost lock-step for it, and Bush will have to sign the "Obama bill".
The market tanked when Bush couldn't get it done. The statements will show up 3-4 weeks out from the election and timed to coincide with the next POTUS debate. The markets will rally when the bail-out is passed, and it'll be "Obama's bill" that does it.
Pelosi's speech and post-vote whining is a set-up.
|
|
|
|
|
Joined: Apr 2004
Posts: 61,130
Campfire Kahuna
|
|
OP
Campfire Kahuna
Joined: Apr 2004
Posts: 61,130 |
It's the market.
Bush's bail-out plan gets shot down today; Pelosi delivers the most partisan speech she can, right before the vote, intentionally killing the bill.
Bush comes out immediately after, "very disappointed".
Less than 20 minutes later, Obama comes out saying he doesn't believe that the bail-out is dead yet.
The Dems roll-out their own bill tonight, and start debate on it tomorrow.
Obama will headline the drive to get it passed. It will pass on a party-line vote late tomorrow evening or more likely Wednesday morning.
The markets tanked today; nearly 10% down just today. They will not recover by the end of tomorrow. IRA, 401k, and investment account quarterly statements close at 4 p.m. tomorrow. They will be down, and greatly. Those statements ("the last statements under the Bush/Republican economic plan") will arrive between October 10 and October 15; less than one month, likely less than 3 weeks prior to the election, and just about exactly coinciding with the next POTUS debate (on the economy, btw).
The market will rally Wednesday after the Obama bill passes.
The attitude will be that the Republicans/Bush/McCain caused this, and couldn't do anything about it; Obama can and did.
McCain can't recover from this one, I fear.
Costing the American people millions, creating fear, and intentionally tanking the market, all to win the election. Helluva portence for an Obama presidency. BOY I sure do hope your right Mr.Nimrod!!!!!! Mr. Obama needs ALL the help he can get and them TSX's in .257cal. will SHONUFF be nice come Nov 4!!!!!!!!!!!!!! ... Amazing the depths that Dems will plunge this country and our citizens to, just to have their socialist messiah elected. You wanted him; well, it looks like he'll bankrupt us all to get us what you wanted.
|
|
|
|
|
Joined: May 2007
Posts: 13,957
Campfire Outfitter
|
|
Campfire Outfitter
Joined: May 2007
Posts: 13,957 |
Well, if they try to make it look like Bush failed, Obama prevailed, Bush can veto and it's not a filibuster proof congress on a Wall Street bailout. There are a certain number of blue dogs that probably voted against this today out of principal.
Hope you're wrong, wouldn't bet too much against it though.
|
|
|
|
|
Joined: May 2004
Posts: 4,929
Campfire Tracker
|
|
Campfire Tracker
Joined: May 2004
Posts: 4,929 |
The market tanking hasn't cost anyone a dime that had the brains to not sell anything. It will recover and if you hold your stuff in it long enough you'll get all of your value back and then some. This is a perfect time to buy actually.
|
|
|
|
|
Joined: Apr 2004
Posts: 61,130
Campfire Kahuna
|
|
OP
Campfire Kahuna
Joined: Apr 2004
Posts: 61,130 |
You know that; I know that; but you and I also know exactly how this gets played at home, at the kitchen table, on the air-waves, and in Congress.
Perception creates it's own reality.
|
|
|
|
|
Joined: Dec 2005
Posts: 3,757
Campfire Tracker
|
|
Campfire Tracker
Joined: Dec 2005
Posts: 3,757 |
It's the market.
Bush's bail-out plan gets shot down today; Pelosi delivers the most partisan speech she can, right before the vote, intentionally killing the bill.
Bush comes out immediately after, "very disappointed".
Less than 20 minutes later, Obama comes out saying he doesn't believe that the bail-out is dead yet.
The Dems roll-out their own bill tonight, and start debate on it tomorrow.
Obama will headline the drive to get it passed. It will pass on a party-line vote late tomorrow evening or more likely Wednesday morning.
The markets tanked today; nearly 10% down just today. They will not recover by the end of tomorrow. IRA, 401k, and investment account quarterly statements close at 4 p.m. tomorrow. They will be down, and greatly. Those statements ("the last statements under the Bush/Republican economic plan") will arrive between October 10 and October 15; less than one month, likely less than 3 weeks prior to the election, and just about exactly coinciding with the next POTUS debate (on the economy, btw).
The market will rally Wednesday after the Obama bill passes.
The attitude will be that the Republicans/Bush/McCain caused this, and couldn't do anything about it; Obama can and did.
McCain can't recover from this one, I fear.
Costing the American people millions, creating fear, and intentionally tanking the market, all to win the election. Helluva portence for an Obama presidency. BOY I sure do hope your right Mr.Nimrod!!!!!! Mr. Obama needs ALL the help he can get and them TSX's in .257cal. will SHONUFF be nice come Nov 4!!!!!!!!!!!!!! ... Amazing the depths that Dems will plunge this country and our citizens to, just to have their socialist messiah elected. You wanted him; well, it looks like he'll bankrupt us all to get us what you wanted. Serously and if your right things of such have been going on in politics like this for so long it's scary. To say the least I see it all the time not only in politics, but even here working for the Government......it is what it is what we need to do(not preaching) is stay prayed up about the whole bail out situation that this is resolved in a orderly fashion so that the economy can get a spark.
|
|
|
|
|
Joined: Mar 2004
Posts: 20,848 Likes: 1
Campfire Ranger
|
Campfire Ranger
Joined: Mar 2004
Posts: 20,848 Likes: 1 |
Statement from McCain campaign:
From the minute John McCain suspended his campaign and arrived in Washington to address this crisis, he was attacked by the Democratic leadership: Senators Obama and Reid, Speaker Pelosi and others. Their partisan attacks were an effort to gain political advantage during a national economic crisis. By doing so, they put at risk the homes, livelihoods and savings of millions of American families.
Barack Obama failed to lead, phoned it in, attacked John McCain, and refused to even say if he supported the final bill.
Just before the vote, when the outcome was still in doubt, Speaker Pelosi gave a strongly worded partisan speech and poisoned the outcome.
This bill failed because Barack Obama and the Democrats put politics ahead of country.
Please don't feed the trolls!
|
|
|
|
|
Joined: Apr 2004
Posts: 61,130
Campfire Kahuna
|
|
OP
Campfire Kahuna
Joined: Apr 2004
Posts: 61,130 |
So, you work for the gov't?
Personally, I think the bail-out/buy-out should fail; the market is already correcting itself. Let the market work; keep gov't out of it, and out of our pockets for even more taxes.
|
|
|
|
|
Joined: Apr 2004
Posts: 61,130
Campfire Kahuna
|
|
OP
Campfire Kahuna
Joined: Apr 2004
Posts: 61,130 |
Statement from McCain campaign:
From the minute John McCain suspended his campaign and arrived in Washington to address this crisis, he was attacked by the Democratic leadership: Senators Obama and Reid, Speaker Pelosi and others. Their partisan attacks were an effort to gain political advantage during a national economic crisis. By doing so, they put at risk the homes, livelihoods and savings of millions of American families.
Barack Obama failed to lead, phoned it in, attacked John McCain, and refused to even say if he supported the final bill.
Just before the vote, when the outcome was still in doubt, Speaker Pelosi gave a strongly worded partisan speech and poisoned the outcome.
This bill failed because Barack Obama and the Democrats put politics ahead of country. When Obama goes back to Washington, and the "Obama bill" passes, McCain's statement won't play in Peoria. Regardless of fact.
|
|
|
|
|
Joined: Aug 2004
Posts: 28,225 Likes: 1
Campfire Ranger
|
|
Campfire Ranger
Joined: Aug 2004
Posts: 28,225 Likes: 1 |
It's the market.
Bush's bail-out plan gets shot down today; Pelosi delivers the most partisan speech she can, right before the vote, intentionally killing the bill.
Bush comes out immediately after, "very disappointed".
Less than 20 minutes later, Obama comes out saying he doesn't believe that the bail-out is dead yet.
The Dems roll-out their own bill tonight, and start debate on it tomorrow.
Obama will headline the drive to get it passed. It will pass on a party-line vote late tomorrow evening or more likely Wednesday morning.
The markets tanked today; nearly 10% down just today. They will not recover by the end of tomorrow. IRA, 401k, and investment account quarterly statements close at 4 p.m. tomorrow. They will be down, and greatly. Those statements ("the last statements under the Bush/Republican economic plan") will arrive between October 10 and October 15; less than one month, likely less than 3 weeks prior to the election, and just about exactly coinciding with the next POTUS debate (on the economy, btw).
The market will rally Wednesday after the Obama bill passes.
The attitude will be that the Republicans/Bush/McCain caused this, and couldn't do anything about it; Obama can and did.
McCain can't recover from this one, I fear.
Costing the American people millions, creating fear, and intentionally tanking the market, all to win the election. Helluva portence for an Obama presidency. Seems as if they have passed this off as a GOP induced problem. I couldn't believe my ears during the debate when Obama said this problem was caused by "failed policies of the last eight years", leaving the impression it was the Bush admins problem. Worse yet, McCain didn't even challenge him on it. Seems from everyting I have read on the subject has the Dems up to their elbows in this mess, but it seems they're getting a pass.
|
|
|
|
|
Joined: Jun 2003
Posts: 10,598 Likes: 1
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Jun 2003
Posts: 10,598 Likes: 1 |
It certainly sounds interesting, but the way things look on November 4 probably will have a larger impact than how they look on Wednesday. Then there are those pesky constituent calls.
"Don't believe everything you see on the Internet" - Abraham Lincoln
|
|
|
|
|
Joined: Dec 2005
Posts: 3,757
Campfire Tracker
|
|
Campfire Tracker
Joined: Dec 2005
Posts: 3,757 |
So, you work for the gov't?
Personally, I think the bail-out/buy-out should fail; the market is already correcting itself. Let the market work; keep gov't out of it, and out of our pockets for even more taxes. Yes Sir I do, as per the bail-out/buy-out failing I wanted it to pass(if it was formatted right) and I understand your rationalization, but the market is correcting itself in slow motion not saying it'll take 40 years. I do fill the plan would have put an immediate spark on the economy like RIGHT now and if Congress can get a bill passed it will jump start the economy. HOPEFULLY the plan/bill that Congress put forth will be handled accordingly.
|
|
|
|
|
Joined: May 2004
Posts: 4,929
Campfire Tracker
|
|
Campfire Tracker
Joined: May 2004
Posts: 4,929 |
The economy doesn't need a jump start. Most sectors of it are doing just fine. If they really wanted to jump start it they'd split that money up among the taxpayers...who'd pay taxes so at least 20% of it would come right back to the treasury and the rest would be spent to pay bills, buy stuff, and get things rolling just fine.
Those weak and greedy banks will get bought up by the more successfull ones and things will be back to borrowing and lending in no time. Maybe, just maybe, they'll learn about greed, risk, and bad gambles but maybe not.
|
|
|
|
|
606 members (1beaver_shooter, 1936M71, 160user, 204guy, 1badf350, 67 invisible),
2,928
guests, and
1,327
robots. |
|
Key:
Admin,
Global Mod,
Mod
|
|
|
Forums81
Topics1,193,192
Posts18,503,533
Members73,993
| |
Most Online11,491
Jul 7th, 2023
|
|
|
|
![[Linked Image]](http://i25.photobucket.com/albums/c66/wildswalker/siglinepic3.jpg)
![[Linked Image]](http://militarysignatures.com/signatures/member651.png)
![[Linked Image]](http://militarysignatures.com/signatures/member579.png)
