Comments on: Pete Stark voted against the bailout

By: William

William — Fri, 03 Oct 2008 19:59:26 +0000

I think the bailout was the presidents present to Congress as an opportunity to recover some self respect. He gave them an opportunity to standup and say “NO”. Again they failed.

Lack of serious education of the consumer hurts the economy.
Bush was correct, There is no problem with the system from the governments point of view. Markets go up and down not controlled by governement intervention, (capitalism)
You can not make integrity enforceable by law.
They all said it was abad bill but passed it anyways.

By: David, Hayward

David, Hayward — Fri, 03 Oct 2008 18:03:41 +0000

Stark takes a principled stand and votes NO again! I’m impressed!

http://clerk.house.gov/evs/2008/roll681.xml

By: marty

marty — Thu, 02 Oct 2008 23:07:54 +0000

Not bad, Walter. Here’s one for you:

http://www.careerbuilder.com/monk-e-mail/?mid=28186150

By: Walter GOP Livermore City-Chair

Walter GOP Livermore City-Chair — Thu, 02 Oct 2008 16:46:42 +0000

Hey everybody… What do you think about this…

http://www.tsgnet.com/pres.php?id=370617&altf=Xbmufs&altl=Tubomfz1JJJ

By: Walter GOP Livermore City-Chair

Walter GOP Livermore City-Chair — Thu, 02 Oct 2008 16:30:33 +0000

Jon Simon says, “Walter,
What do you do for a living and who are your customers?”

Settle down there Jon! Next thing you know, you’ll be asking me for my papers, in typical socialist fashion. I think you need to take off your brown-shirt and strap on your thinking cap!

I would never claim to know everything about how the market works. In fact, most of the time, I have more questions than answers when it comes to this subject. I do have some common-sense though.

Jon Simon then says, “Done right, a bailout will help. Done wrong, it will be money wasted. Doing nothing is, however, not an option.”

Click on this link…
http://www.time.com/time/magazine/article/0,9171,947356,00.html

Remember the Chysler bail-out? What did that do? Pay attention to the part that reads… Such assistance, Treasury Secretary G. William Miller said, “is neither desirable nor appropriate, being contrary to the principle of free enterprise.” But Chrysler was an unusual exception, he added, in which the Administration “recognizes that there is a public interest in sustaining [its] jobs and maintaining a strong and competitive national automotive industry.”

How’s Chrysler doing now! If you haven’t heard, their sales are down 33% and they’re looking for another bail-out from the tax-payers. Did their first bail-out work? Did they turn things around? Did it help maintain a strong and competitive national automotive industry? I think not!

By: marty

marty — Thu, 02 Oct 2008 16:00:40 +0000

I realize there’s a lack of context, Doug. I’m just addressing your statement about the crisis being the child a Bush/Republican push for deregulation.

By: Doug

Doug — Thu, 02 Oct 2008 14:37:18 +0000

Well I would have to say the Black Caucus did not do their constituents any favors in that support did they?

My concern with YouTube, and the Internet in general, is we can produce material for instant and wide dissemination, to support any ideological viewpoint we wish, be it left-wing, right-wing, liberal, conservative, that is very compelling and believable. We witness it every night in the sound bites provided on network news.

There are many, many facets to this controversial and troubling period in our nation’s history, in the halls of Congress, our financial institutions, and Wall Street. The blame can be spread to all.

By: Marty

Marty — Thu, 02 Oct 2008 14:18:38 +0000

Doug, do a YouTube search for “financial crisis” or “bailout”. You’ll find dozens of videos arguing the same thesis.

And yes, in many of the videss members of the Black Caucus usually railed against the warnings that Fannie/Freddie were in trouble. Some even charged racism at reeling in subprime mortgages. No subliminal message there -the Black Caucus’ motives were purely racial.

By: Doug

Doug — Thu, 02 Oct 2008 13:37:53 +0000

Marty, I watched the YouTube link. I agree those selected for inclusion in the edited video were incorrect with their beliefs. As with any floor debate I am sure there were Democratic representatives that were calling for regulation as well, but when someone is attempting to convey their message it’s all about editing.
What I found to be somewhat suspect was the choice of featuring mainly African American representatives. Was there a subliminal message intended?

By: Marty

Marty — Thu, 02 Oct 2008 04:09:01 +0000

I didn’t find this video all that comforting, but it does tell a interesting tale of regulation.

http://www.youtube.com/watch?v=_MGT_cSi7Rs