A financial attack?
Posted By: cj on 2008-11-09
In Reply to: Ummmm.....(sm) - Just the big bad
Tell that to the thousands who lost their lives or their loved ones that day. Wow, how cold can you be?
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Why do you feel the desperate need to attack, attack, attack....
what IS it about Obama that inspires this kind of thing? I guess you don't get it when someone is being facetious do you? Read the whole thread...including the part about celestial choirs, which was said by one of Obama's supporters.
The smoke machines and strobe lights was definitely a joke, one can only hope they would not do something so ridiculous but who knows....Britney Spears' set designer designed that set.
So much for no celebrity status. LOL.
I know everyone's focus is on the financial...sm
news of the last several days just heard about a special on CNN tomorrow night and Sunday where Colin Powell, Madeline Albright, Henry Kissinger, Jim Baker and Warren Christopher engage in a forum and talk about foreign policy. I heard a few sound bites and it sounds very interesting. I am glad to see a forum where respected people from both parties with experience get together and express their views, agree or disagree respectfully. I will definitely be watching.
Financial bonuses
Two days ago on C-Span they seemed to congratulate the bigwigs of the financial companies who got BILLIONS in BONUSES. They ran down the list of those that were being questioned and how much they received. It's absolutely sickening. I had to turn it off.
I think most know that Air America has had financial woes.
Once it was learned that they had misappropriated monies which were supposed to have been used for charity, they lost some good backers. I would think it most probably is financial. There is not a plot behind every business dealing.
mcCain blames financial
crisis on Obama. Get that man a posey and some Aricept.
We have had our financial plan in order
for quite some time for just such a thing. We haven't spent foolishly or lived above our means. New toys and technology don't impress us much. We have been fortunate and blessed.
Well....buck up little soldier. I think the financial...
well being of the country trumps your party. Oh wait...what am I thinking.
I do agree with you about financial irresponsibility
they need to find some sort of middle ground ......
looked at her financial records lately?
she is definitely not a poor girl in my opinion. I think she could afford to buy her own clothes...
Financial crisis meeting;
November 14, 2008
World leaders dine in style as they discuss financial crisis
(CNN) – The global economy may be undergoing a significant downturn, but the White House's dinner budget still appears flush with cash.
After all, world leaders who are in town to discuss the economic crisis are set to dine in style Friday night while sipping wine listed at nearly $500 a bottle.
According to the White House, tonight's dinner to kick off the G-20 summit includes such dishes as "Fruitwood-smoked Quail," "Thyme-roasted Rack of Lamb," and "Tomato, Fennel and Eggplant Fondue Chanterelle Jus."
To wash it all down, world leaders will be served Shafer Cabernet “Hillside Select” 2003, a wine that sells at $499 on Wine.com.
The exceedingly pricey wine may seem a bit peculiar given leaders are in Washington to discuss a possible world financial meltdown, but Sally McDonough, a spokeswoman for Laura Bush, said it "was the most appropriate wine that we had in the White House wine cellar for such a gathering.
McDonough also said the White House purchased the wine at a "significantly lower price" than what it is listed at.
"Of course the White House gets its wine at wholesale prices," she said. "Given the intimate size of the group, it was an appropriate time for The White House to use this stock."
The leaders of the U.K., France, Russia, China, India, Brazil, Saudi Arabia, South Africa, Turkey and 11 developing economies have all come to Washington at the behest of President Bush in an effort to express confidence in the fundamental underpinnings of the world's economy.
– CNN's Becky Brittain contributed to this report
With the looming financial situation...... sm
I don't think Obama's current "plan" will hold much water. A plan is just that....a plan, and we know what John Steinbeck had to say about that. Even if he could tax the upper crust enough to cover the financial crisis, his redistribution of wealth would be moot point because there would likely be nothing left to distribute.
Whether Obama or McCain were elected would make no appreciabe difference in our tax situation because this huge bailout has to be recouped in some fashion and it will be off the backs of ALL Americans.....at least the ones who pay taxes.
No, unions DO put them in a financial hole.
nm
Right back at ya...with the addition of financial ruin...
if Obama and Biden are "hired."
Financial crisis a democratic scandal....sm
http://www.floppingaces.net/2008/09/16/financial-crisis-a-democrat-scandal/
Read all the comments underneath this, if you have time.
financial disaster, war, health care
You decide what is most important to think about.
How The Democrats Created The Financial Crisis....sm
How the Democrats Created the Financial Crisis: Kevin Hassett
Commentary by Kevin Hassett
Sept. 22 (Bloomberg) -- The financial crisis of the past year has provided a number of surprising twists and turns, and from Bear Stearns Cos. to American International Group Inc., ambiguity has been a big part of the story.
Why did Bear Stearns fail, and how does that relate to AIG? It all seems so complex.
But really, it isn't. Enough cards on this table have been turned over that the story is now clear. The economic history books will describe this episode in simple and understandable terms: Fannie Mae and Freddie Mac exploded, and many bystanders were injured in the blast, some fatally.
Fannie and Freddie did this by becoming a key enabler of the mortgage crisis. They fueled Wall Street's efforts to securitize subprime loans by becoming the primary customer of all AAA-rated subprime-mortgage pools. In addition, they held an enormous portfolio of mortgages themselves.
In the times that Fannie and Freddie couldn't make the market, they became the market. Over the years, it added up to an enormous obligation. As of last June, Fannie alone owned or guaranteed more than $388 billion in high-risk mortgage investments. Their large presence created an environment within which even mortgage-backed securities assembled by others could find a ready home.
The problem was that the trillions of dollars in play were only low-risk investments if real estate prices continued to rise. Once they began to fall, the entire house of cards came down with them.
Turning Point
Take away Fannie and Freddie, or regulate them more wisely, and it's hard to imagine how these highly liquid markets would ever have emerged. This whole mess would never have happened.
It is easy to identify the historical turning point that marked the beginning of the end.
Back in 2005, Fannie and Freddie were, after years of dominating Washington, on the ropes. They were enmeshed in accounting scandals that led to turnover at the top. At one telling moment in late 2004, captured in an article by my American Enterprise Institute colleague Peter Wallison, the Securities and Exchange Comiission's chief accountant told disgraced Fannie Mae chief Franklin Raines that Fannie's position on the relevant accounting issue was not even ``on the page'' of allowable interpretations.
Then legislative momentum emerged for an attempt to create a ``world-class regulator'' that would oversee the pair more like banks, imposing strict requirements on their ability to take excessive risks. Politicians who previously had associated themselves proudly with the two accounting miscreants were less eager to be associated with them. The time was ripe.
Greenspan's Warning
The clear gravity of the situation pushed the legislation forward. Some might say the current mess couldn't be foreseen, yet in 2005 Alan Greenspan told Congress how urgent it was for it to act in the clearest possible terms: If Fannie and Freddie ``continue to grow, continue to have the low capital that they have, continue to engage in the dynamic hedging of their portfolios, which they need to do for interest rate risk aversion, they potentially create ever-growing potential systemic risk down the road,'' he said. ``We are placing the total financial system of the future at a substantial risk.''
What happened next was extraordinary. For the first time in history, a serious Fannie and Freddie reform bill was passed by the Senate Banking Committee. The bill gave a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets.
Different World
If that bill had become law, then the world today would be different. In 2005, 2006 and 2007, a blizzard of terrible mortgage paper fluttered out of the Fannie and Freddie clouds, burying many of our oldest and most venerable institutions. Without their checkbooks keeping the market liquid and buying up excess supply, the market would likely have not existed.
But the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter.
That such a reckless political stand could have been taken by the Democrats was obscene even then. Wallison wrote at the time: ``It is a classic case of socializing the risk while privatizing the profit. The Democrats and the few Republicans who oppose portfolio limitations could not possibly do so if their constituents understood what they were doing.''
Mounds of Materials
Now that the collapse has occurred, the roadblock built by Senate Democrats in 2005 is unforgivable. Many who opposed the bill doubtlessly did so for honorable reasons. Fannie and Freddie provided mounds of materials defending their practices. Perhaps some found their propaganda convincing.
But we now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years.
Throughout his political career, Obama has gotten more than $125,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac, second only to Dodd, the Senate Banking Committee chairman, who received more than $165,000.
Clinton, the 12th-ranked recipient of Fannie and Freddie PAC and employee contributions, has received more than $75,000 from the two enterprises and their employees. The private profit found its way back to the senators who killed the fix.
There has been a lot of talk about who is to blame for this crisis. A look back at the story of 2005 makes the answer pretty clear.
Oh, and there is one little footnote to the story that's worth keeping in mind while Democrats point fingers between now and Nov. 4: Senator John McCain was one of the three cosponsors of S.190, the bill that would have averted this mess.
http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_hassett&sid=aSKSoiNbnQY0
Actually, McCain was in financial meetings all morning....sm
and what I read on CNN is that McCain wasn't told of the content of Obama's first call. I can't find the link to it now, because their news keeps changing.
I believe McCain decided this on his own, without any input from Obama, or even knowing about the call.
I'm willing to bet that he won't give a darn if he loses the debate if he doesn't show up, as it sounds as if Obama refuses to cancel the debate to another time.
Just proves to me that McCain does, indeed, put the country first. He's acting like a true leader.
Okay....let's see...McCain picked the financial meltdown...
as the #1 issue. OBama picked his run for the Presidency. Meaning he is always going to put Barack first. McCain put his country first. End of story.
I am not in favor of the financial institution bailout either..... sm
I think it was just the first in a long line of folks parading to the White House with their hands out. I think we have opened a huge can of worms by bailing them out and there does not seem to be an end in sight.
I'd sure like to know when MTs are going to get their bailout! I'd probably get in line for that one! LOL
25 people to blame for the financial crisis
You can vote on each of these.
http://www.time.com/time/specials/
I'm sorry, you are aware of what caused the financial crisis aren't you?
or you will just blame BUSH BUSH BUSH/CHENEY.
Please, do some research.
If my memory serves me, it started going downhill when a democratic congress took over.
Not only that, this MORTGAGE crisis was set into effect by the CLINTON administration and helped by a DEMOCRATIC congress.
Now let me be clear, I do not think Bush was a great president and he made mistakes, but DO NOT tell me that this financial crisis was his doing. I know you are going to flame me, but don't ignore the facts! Actually, that's what liberals do so nevermind, go ahead anyway.
I agree. I am helping the victims with all the financial support I can spare BUT
if we don't ask the question what happened to the levees, what can we do to make sure this doesn't happen again, where did the funding go? then we will find ourselves in the same position again. We can not afford to be policing other countries when the funding is bankrupt for our own needs. That's just the truth.
Best friend to Hillary, a democratic supporter and financial contributer,
a member of the DNC's (Democrat) platform committee has decided to endorse John McCain. Lynn DE Rothchild is best friends of Hillary and gave her 100,000 for Hillary compaign. She had not even spoke to Hillary yet about her news, but Lynn announced on CNN today that she was resigning the DNC and voting for McCain. Lynn stated that our country is divided due to the Democrats and Congress. She also stated that we need to vote only for the president who will get us through what is going on with our country (which is a lot of things currently) and she stated the only one would be McCain and Palin. She stated, "I care more about my country right now than I do my democratic party." Wolf Blitzer stated to Lynn "You know you are are going to get a lot of flack from this?" Lynn stated that she knew this and just cares more about our country. Even Joe Lieberman endorses McCain who used to be AL Gore's running mate. I am sorry, but I agree that our country is divided.
war, depression, recession, collapse of financial system, people losing
homes, natural disasters unattended to, collapsing bridges, earmark bridges. Address those first, save flag for later.
attack once again
I am not bitter, I am not hateful. I know what is good for the country and it isnt what is in Washington, DC right now. The proof is there by the way this country is going to hell in a handbasket. I want this country to turn around and become the country I grew up with, the country I was once proud to be a part of. Im fighting to turn the craziness around for future generations and the way to do it is to speak and debate and let the people know there is another way to run this country other than what we have right now. You are the one who is getting so hot headed and attacking me and calling me vile, hateful, etc. Im just debating and stating my political stance and putting the blame where it belongs..on this administration. When something is wrong, I say so. I do not give my respect blindly. The administration, whether republican or democrat, earns my respect and this administration has not earned my trust, loyalty or respect. The 1990s were a great time, we had a surplus, no major terrorist war going on, no terrorist breeding ground of our own making as we now have, Saddam was contained and his people at least had electricity, jobs, food, a stable life, we had low unemployment. The 1980s were a great time too. The reality now is we are in a terrible situation in this country and we are not respected around the world. We really have no friends that will help us in Iraq, the ones that are there are pulling out..Italy in 09/2005 and now the talking heads are stating the British might just put pressure on Blair to start pulling out. We are in a situation of this administrations doing and Im not willing to just sit quietly and let the powers that be continue to drive us deeper and deeper into world wide insanity.
why must you ALWAYS attack?
How does it feel, MT? How does it feel to be painted in the same picture as terrorists? Not too nice, hun? Well, that is how I felt when you said I would chain myself to the gates at the WH and blow myself up (not exact words), when you grouped me in with terrorists. You have a big habit of calling people insane, crazy, lunatic and this makes me wonder if your sanity is intact as when others post, they do not attack personally but you always do. If the poster does not agree with you or posts something that you do not like, they are labeled insane or other not so nice words. Cant you debate without attacking?
You have done nothing but attack
every single poster on this board. You are rude, crude, obnoxious, insulting and totally intolerant. I realize these are considered compliments in your narrow-minded circles, but most reasonable Americans don't care for people who behave as you insist on behaving.
How's it feel to be treated the way you treat others?
Nuff said.
once again a mad dog attack by the right
You dont think rationally. Where on this board did anyone state Bush caused the hurricane? Just fling your hate towards the liberals and your baseless arguments. First of all, Bush isnt doing anything to help the victims of the hurricane, the workers are, the police, fire fighters, government workers, etc.
Attack?
This is a bit of a quandry. Again, you feel the need to label me. What if I am none of those things? I have never attacked, used a harsh word, made an accusation, nor called a name on this board. I HAVE made observations based on what I see. I am not sure how you conduct discourse with people in your life outside of this board, but I would like to assume that others are allowed their own set of values and facts without being labeled and without specious statements being made against them.
to attack, I would have to
consider you a threat. Unfortunately, I just find your repetitive posts mind-numbingly feeble. You look up a word on Google like socialist, read the two-line definition and then post it over and over and over. You have no depth of knowledge on any of the subjects discussed here and so your posts are absolutely worthless. It is like having to tolerate a homely little first-grader at a book club discussing Shakesphere. You think you are cute and smart, but the adults loathe you.
who could possibly care? War, financial ruin, health care needs.
nm
Only the ones who continually attack and lie.
You're disturbed because I proved (yet again) that she's a liar, but you're not disturbed that she maliciously attacks each and every single poster who dares to even THINK about disagreeing with her?
Tells me pretty much all I need to know about you. 
If you like liars and bullies, go back to the Conservative boad.
May God help us all if we get another terror attack.
This president has ignored every single thing ever suggested to him, even as it regards terrorism. I wonder what the terrorists will be planning for us in the future and how much information and knowledge they've learned from this about our weak spots. They must see American frustration with Bush's incompetence, and they must really be enjoying that. This is AMERICA. We're supposed to have our act together.
I don't see this as an attack and obviously neither did Lurker. sm
Please look to your own back yard.
It was not meant as an attack, I
that it might not be the wisest idea to go to a *liberal* board and call yourself something that runs counter to their belief system, and then expect to be treated like a long-lost son.
Further, I said the Democrats frustrate me to no end, and it is precisely for the very reasons you stated. They were too afraid of being branded as **unpatriotic** and **unsupportive of the troops**, blah,blah,blah. In their defense, however, sometimes they simply have not had the votes to over ride the president's agenda. Thank goodness for people like Murtha.
I apologize if you felt I was attacking you, as I think we have found some common ground. I think the other thing that happens is that sometimes words, if not chosen extra carefully, can come off sounding what they are not.
see...that's the thing. It's your right to attack if you want....
and I defend that right. But your way of handling opposition is akin to jack-booted thugs and arm-twisting. If that is the way you choose to voice your opposition, more power to you. Don't understand it, but don't have to. It is certainly your right. Whatever floats your boat.
I don't care how much you attack me....
go ahead. Apparently that is what gets your ticker going. Knock yourself out.
attack the messenger
Here we go again - Rove's tactic of personal attacks on those who bring forth damaging information. Media matters states inaccuracies of the press on both sides. They back their statements up with proof and facts. You can argue they are "left" "right" "middle" or "ovoid" but they still present information and back it up with verifiable facts.
If you can't refute, attack.........nm
nm
If you can't refute, attack. lol. nm
nm
When you can't refute, you attack. lol. nm
nm
Again, you can't refute, so you attack....
which reflects more negatively on you than on me.
Your posts provide no useful information...you employ the Alinsky method, if you don't know anything about the subject you just attack. If you knew anything about socialism, about black liberation theology, had bothered to read Obama's agenda and still concluded he was not a socialist you are so far in denial a backhoe could not dig you out.
Actually, it is Shakespeare. Perhaps you would be better served to pay more attention to the homely first-grader...you adult, you. lol.
Sounded like an attack to me. And in the..
grand scheme of things, why is it important to you that I admit I am something I am not??
ACK! HEART ATTACK!
Did someone just apologize on this board?!?!??!
By golly I think we are gettin somewhere! Maybe we ain't all rurnt!
(South Georgia :-D )
You people who attack
Sarah Palin for her lack of experience just kill me here. You discredit all the experience she has by saying that being governor means nothing when previous presidents were governors prior to their presidency. She has run a state and has done a successful job at it and yet you Obama supports refuse to see that. You feel more compelled to discuss her clothes or how she should stay home with the kids instead of running for office. Which is a horribly sexist thing to say.
You refuse to see anything positive she has done in her career and cry that she lacks experience and yet you are so blind to see that Barrack Obama has very little experience himself. He has climbed the ladder through the help of various radicals and crooks. Obama has all these associations with radicals and racists people and you see nothing wrong with that? He has requested more spending for earmarks and pork in 4 years than John McCain has during his whole career. Obama wants to spend more of OUR money.
Government has really messed things up. Why do we want bigger government when government has already failed us? Yet here we are putting our trust in a man who has questionable associations just because he promises change.....change that he can't possibly deliver on and if he does......there goes the country. He wants more government spending, higher taxes, and bigger government.
I'm sorry but I want smaller government, less government spending, and don't raise taxes during a recession.
Or another terror attack. Or a
biological attack. Or a flu pandemic. Lots of scenarios available for his use. 
I share your fears 100%.
You must mean a terrorIST attack, because sm
We are attacked by people who call themselves terrorists. Unless of course, you have terror attacks like some people have panic attacks.
Cyber attack has hit
http://www.foxnews.com/politics/2008/11/20/pentagon-cyber-siege-unprecedented-attack/
The Pentagon has suffered from a cyber attack so alarming that it has taken the unprecedented step of banning the use of external hardware devices, such as flash drives and DVD's, FOX News has learned.
The attack came in the form of a global virus or worm that is spreading rapidly throughout a number of military networks.
"We have detected a global virus for which there has been alerts, and we have seen some of this on our networks," a Pentagon official told FOX News. "We are now taking steps to mitigate the virus."
The official could not reveal the source of the attack because that information remains classified.
"Daily there are millions of scans of the GIG, but for security reasons we don't discuss the number of actual intrusions or attempts, or discuss specific measures commanders in the field may be taking to protect and defend our networks," the department said in an official statement.
Military computers are often referred to as part of the Global Information Grid, or GIG, a system composed of 17 million computers, many of which house classified or sensitive information.
FOX News obtained a copy of one memo sent out last week to an Army division within the Pentagon warning of the cyber attack.
"Due to the presence of commercial malware, CDR USSTRATCOM has banned the use of removable media (thumb drives, CDRs/DVDRs, floppy disks) on all DoD networks and computers effective immediately."
how was that a personal attack?
telling you you aren't better than everyone? At least I'm not callng people mentally challenged. yes i know that wasn't you, you are the friend that just laughs along with the bully...
and if you wanna point fingers about me not responding the way you think I should have, i dont see you responding to the person giving their opinion on what trickle up means...
give it a rest it's freaking Christmas time
you obviously HAVE to have the last word so i'll let you have it. pretty pathetic that you spend your time trying to cut other people down... is that also a personal attack?
Right. Where they can plot again to attack us.
nm
It was more of an attack of the protestors by the
xx
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