History of bailouts
Posted By: Truth needed on 2008-11-10
In Reply to:
Instead of trying to blame for the bail outs I want to know how all this came about and I found an interesting site that gives a little history of different government bailouts in the past. Thought it might be interesting for some to read - just a little history (wish I liked reading about history this much when I was in high school).
http://blog.mint.com/blog/finance-core/a-brief-history-of-government-bailouts/
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bailouts
It is not the American citizens' responsibility to bail out private organizations. As with any private business, if it is run poorly, it was go under; there is no difference here. The top administration has been handing out loans, BAD loans, for a while now to anyone and everything that moves, knowing full well they cann't repay the loan, even giving loans to those without a job!!! Now, that is corrupt, while at the same time top CEOs walking away with millions? Any other private business, even in your town, if run poorly or hits hard times, what happens, it goes under, simple as that. Thousands of people losing their jobs because of corrupt business practices. This country cannot afford and is not responsible to bailout corrupt businesses.
There should be no Federal Reserve. This country leans too heavily on this group of individuals to loan them money to the tune of billions and who do you think pays that back? The US citizen, not the government. Federal Reserve is not government affiliated, just unfortunately who our government and so many other foreign governments look to to make monetary decisions for their countries, which we definitely should not be doing. Federal Reserve says raise interest rates, don't raise interest rates......that is ridiculous. They decide monetary policies for this country.....they should not be doing that at all. Want to know why you should be very concerned about this latest situation and who is really behind the downfall, not just the CEOs but mainly the Federal Reserve is to blame.....period!! We as citizens really need to understand our economics and history policies...
Many didn't like Ron Paul but he has been preaching this day for a looooonnnng time. He understands it.
Watch this video and hopefully better understand
http://video.google.com/videoplay?docid=-466210540567002553
I believe that bailouts......... sm
have to stop. I think the banking bailout was a HUGE mistake, regardless of who voted for it. Would we have crashed into a great depression had the bailout not been enacted? Probably so, and it would have been extremely hard and painful, but America did recover after the Great Depression and, in fact, enjoyed a relatively good prosperity for a number of years. Of course, I guess after the depression, anything looked like prosperity by comparison, LOL.
I think bailouts are just another example of how America wants things fixed and fixed NOW rather that working through the pain to find a solution. With that said, however, I don't know what the solution is and I don't think anyone else does either. I think we have become so programmed into our selfish, greedy, wasteful consumer mindset that we may never find what that solution is.
I am against the bailouts.
All of them. I understand why they want it blocked. There is nowhere to stop. It all started with helping the banks and AIG. Next comes the car industry. Then maybe timber--people are not building as many houses as they used to and there are a lot of loggers--it will destroy the Pacific Northwest to let that industry go down--then what? It is a slippery slope that we have already started sliding down and someone needs to stop it. Just my opinion. I don't think anything should have been bailed out, honestly.
I think the problem with the bailouts...
is that there are no strings. That's why we see all the bonuses going out. They basically just gave Paulson (who obviously doesn't have a clue what to do) a blank check. I think they need to get rid of Paulson and put somebody in there who can actually make that money work. If they can't get rid of Paulson, put a freeze on him spending any more of it until they can get someone in there who knows what to do. If we freeze that money, then at least when we hit rock bottom we have SOMETHING to work with.
RNC is finally saying something about the bailouts. sm
RNC Draft Rips Bush's Bailouts.
http://washingtontimes.com/news/2008/dec/30/rnc-pushes-unprecedented-criticism-of-bailouts/
I was speaking about bank bailouts
not the stimulus. Two different things.
Since the banks are crying that they are losing money because of people not paying mortgages, etc., would it not make sense to boost them back up by providing the money THEY ARE GOING TO GET ANYWAYS to the homeowners first and therefore killing two birds with one stone?
Or no, lets just throw more money at them with no stipulations and no rules and bend over and continue to take it while they go on another vacation and laugh all the way to the bank. That definitely makes more sense.
Since people who rent aren't involved with the mortgage/bank crisis, no they would be left out of this one. But like Zville posted, they could be covered under the stimulus side of this "economic relief" that's being proposed.
How does it not tick you off that all the businesses are getting a bailout and "infusion" of cash but the average citizen is still going to suffer for the next two or three years?
Calculate your family's costs for the bailouts. sm
Bailout Calculator
http://www.right.org/welcome
I posted the illegal bailouts and I'm independent
Are you just lazy or what? The bailout information has already been distributed to the groups (mortgage modifiers) that Obama has determined will help the poor folks who couldn't afford their home but got it anyway and of course, the illegals who shouldn't be here in the first place.........
You act as if you know what's going on but it's obvious you are clueless. This is a done deal and you, an Obama supporter, don't even know it's happened. Now, that is scary! You put the jerk in office. What exactly did you think they were talking about while Obama stood up there yammering on and on about helping the housing market? Didn't you expect him to do bailouts? If not, what exactly did you expect him to do? Let the chips fall where they may........that would have been the American way.
History is history and opinion is opinion. You need to learn the difference.
x
I know history
Jews and Communism? Dont get the link there. Jews are definitely not communist and even in the old world, *Old Europe*, Austria, Germany, Poland, they were not communists..they were shop owners, jewelry makers, prosperous bankers..I have never met a communist or socialist jew and I grew up in NYC. To quote history, to remember history, to study history, does not mean we are contributing to terrorism..or aiding our enemies..that argument makes no sense. My major in college was history, minor anthropology. So, I pretty much know a bit about history. When people close their eyes to the truth, refuse to admit what is really happening or what type of administration is running the country, follow like sheep without question, that is when we are headed to ruin..not when there is free flow of ideas and talk of history, even quotes from the most evil of them..
What is history but....
windows that open and close. You are correct. However, you still want to beat Bush up for going to Iraq. We went. Nothing can change that. CLinton did not fight them in Somalia like he should...we cannot change that. However, the reason for not leaving Iraq post haste is as much about running yet again from Al Qaeda as it is about abandoning the rank and file Iraqi people. You have to understand that I have been in the military culture for a long time and have daily talks with someone who has been there and done that...he does not form my opinions and we have been known to butt heads...however, he does give me great insight. He knows who the enemy is. He has faced them.
It is history, kam...look it up.
Democrats are the ones who were against freeing the slaves. When Abe Lincoln and the Republicans(yes, he was a Republican) freed the slaves and after the war passed legislation to give them the vote, the Democrats immediately passed poll taxes and literacy tests so that the newly freed slaves would not be able to exercise their new right to vote. African Americans did not get clear right to vote until the Civil Rights Act in the 1960's, when enough Northern Democrats bucked the party and joined the Republicans to pass that act. It is all history, all fact. Look it up.
history and the
impact of Supreme Court decisions on the role of government? I guess it really has nothing to do with being VP. All you need is a rah-rah speech, a sense of victimization and a flag pin and you are good to go. Sorry, sometimes I think.
Here is a bit of history.
This election has me very worried. So many things to consider. About a year ago I would have voted for Obama. I have changed my mind three times since than. I watch all the news channels, jumping from one to another. I must say this drives my husband crazy. But, I feel if you view MSNBC, CNN, and Fox News, you might get some middle ground to work with. About six months ago, I started thinking 'where did the money come from for Obama'. I have four daughters who went to College, and we were middle class, and money was tight. We (including my girls) worked hard and there were lots of student loans. I started looking into Obama's life.
Around 1979 Obama started college at Occidental in California. He is very open about his two years at Occidental, he tried all kinds of drugs and was wasting his time but, even though he had a brilliant mind, did not apply himself to his studies. 'Barry' (that was the name he used all his life) during this time had two roommates, Muhammad Hasan Chandoo and Wahid Hamid, both from Pakistan. During the summer of 1981, after his second year in college, he made a 'round the world' trip. Stopping to see his mother in Indonesia, next Hyderabad in India, three weeks in Karachi, Pakistan where he stayed with his roommate's family, then off to Africa to visit his father's family. My question - Where did he get the money for this trip? Neither I, nor any one of my children would have had money for a trip like this when they where in college. When he came back he started school at Columbia University in New York. It is at this time he wants everyone to call him Barack - not Barry. Do you know what the tuition is at Columbia? It's not cheap! to say the least. Where did he get money for tuition? Student Loans? Maybe. After Columbia, he went to Chicago to work as a Community Organizer for $12,000. a year. Why Chicago? Why not New York? He was already living in New York.
By 'chance' he met Antoin 'Tony' Rezko, born in Aleppo Syria, and a real estate developer in Chicago. Rezko has been convicted of fraud and bribery this year. Rezko, was named 'Entrepreneur of the Decade' by the Arab-American Business and Professional Association'. About two years later, Obama entered Harvard Law School. Do you have any idea what tuition is for Harvard Law School? Where did he get the money for Law School? More student loans? After Law school, he went back to Chicago. Rezko offered him a job, which he turned down. But, he did take a job with Davis, Miner, Barnhill & Galland. Guess what? They represented 'Rezar' which Rezko's firm. Rezko was one of Obama's first major financial contributors when he ran for office in Chicago. In 20 03, Rezko threw an early fundraiser for Obama which Chicago Tribune reporter David Mendelland claims was instrumental in providing Obama with 'seed money' for his U.S. Senate race. In 2005, Obama purchased a new home in Kenwoood District of Chicago for $1.65 million (less than asking price). With ALL those Student Loans - Where did he get the money for the property? On the same day Rezko's wife, Rita, purchased the adjoining empty lot for full price. The London Times reported that Nadhmi Auchi, an Iraqi-born Billionaire loaned Rezko $3.5 million three weeks before Obama's new home was purchased. Obama met Nadhmi Auchi many times with Rezko.
Now, we have Obama running for President. Valerie Jarrett, was Michele Obama's boss. She is now Obama's chief advisor and he does not make any major decisions without talking to her first. Where was Jarrett born? Ready for this? Shiraz, Iran! Do we see a pattern here? Or am I going crazy?
On May 10, 2008 The Times reported, Robert Malley advisor to Obama was 'sacked' after the press found out he was having regular contacts with 'Hamas', which controls Gaza and is connected with Iran. This past week, buried in the back part of the papers, Iraqi newspapers reported that during Obama's visit to Iraq, he asked their leaders to do nothing about the war until after he is elected, and he will 'Take care of things'.
Oh, and by the way, remember the college roommates that where born in Pakistan? They are in charge of all those 'small' Internet campaign contribution for Obama. Where is that money coming from? The poor and middle class in this country? Or could it be from the Middle East?
And the final bit of news. On September 7, 2008, The Washington Times posted a verbal slip that was made on 'This Week' with George Stephanapoulos. Obama on talking about his religion said, 'My Muslim faith'. When questioned, 'he made a mistake'. Some mistake!
All of the above information I got on line. If you would like to check it - Wikipedia, encyclopedia, Barack Obama; Tony Rezko; Valerie Jarrett: Daily Times - Obama visited Pakistan in 1981; The Washington Times - September 7, 2008; The Times May 10, 2008.
Now the BIG question - If I found out all this information on my own, Why haven't all of our 'intelligent' members of the press been reporting this?
A phrase that keeps ringing in my ear - 'Beware of the enemy from within'!!!
Don't you know your history?
Yes there has always been a President Elect. They become President Elect after the electorates vote the 2nd week in December. Until then they are still just a citizen. However the media is so anxious to get Bush out (and I don't blame them), that they are not reporting the truth (although that doesn't surprise me from what I saw during the campaign).
However "Office of the President Elect" is new and invented (created out of nothing) by the O.
Here's what one of a hundred different sites says...
Obama Invents 'Office of the President-Elect'
Monday, November 10, 2008 12:54 PM
By: Jim Meyers Article Font Size
Barack Obama has created a stir by proclaiming that he heads “The Office of President-Elect” — an office that does not officially exist.
At his first news conference on Nov. 7, Obama stood at a podium bearing a sign that read: “Office of the President-Elect. Also, his Web site, Change.gov, bears the words “Office of the President-Elect” at the top of its home page.
Writer Larry Anderson referred to the “made-up little title” on the American Thinker Web site, and declared: “I nearly busted a gut ...
“Once again, [Obama] can’t wait to invest himself with the trappings of office.”
Conservative columnist Michelle Malkin wondered: “What other make-believe offices are they going to invent between now and Inauguration Day? I can’t ever recall in my lifetime any mention of such an office.”
Technically speaking, Obama may not even be the President-elect, according to the American Sentinel Web site.
“Megalomaniac Obama’s ego grows even more insufferable,” a weekend posting reads.
“Yes, he will be [president-elect]. But he’s not officially yet, until the Electoral College votes.
“The Constitution provides that on the Monday after the second Wednesday in December, electors convene in their respective state capitals. It’s then that they formally elect the President of the United States, based on the general election results.”
Has anyone ever in history won by this
large of a margin & had the electoral college cast their votes opposite? No. You're grasping at straws.
Are you saying there's a different history?
x
How's this for a history........ sm
Scroll down to the bottom of the 5th page of this report and start reading. Ogden has argued against opposed the Child Internet Protection Act of 2000, challenged the Child Obsenity and Obscenity Enforcement Act and has represented numerous p*ornographic publishers in various causes. I think this is more than enough reason to oppose him as DAG.
http://www.scribd.com/full/11607068?access_key=key-18yr2u50t8o0sz54rbrl
You don't know your history very well, do you?
??
History speaks for itself. sm
You are simply ignorant of it and I said it was ONE of the reasons, not the only reason. Still trying to twist my words and worm out that you don't know history at all! Do you EVER watch the History Channel? Read historical books, not just college course books. I am through talking to you. People who can't even admit they are wrong and try to put the onus on someone else aren't worth talking to. Besides, you are so filled with hatred, I am surprised you didn't say how ugly Bush's daughters are just to throw that in just one more time.
A word on history.
Whatever it is that is being discussed concering global conflicts, when using history to clarify, define, explain, prove, whatever...I always try to remember that history has always been written and interpreted by the victor.
Ancient history
I dont care about ancient history. I care about right now in America. The fact is, the American people have spoken and they have stated with their vote that the Republican controlled congress was not working to their satisfaction or benefit and Bush's ideological based administration was heading American down the wrong track. I know it must be making many conservatives quite upset but majority rules in America, that is what democracy is, government by the majority of the people. So, accept it and move on. Democrats had to for the last 12 years and it was quite a hard pill to swallow at times. Finally, America will be on the right track and maybe we will be able to rebuild positive relations with the world and get out of Iraq before many more of our heroic soldiers are slaughtered for nothing but a bunch of lies.
You should care about history....
and should learn from it. Sadly, that is something neither party seems to do, and both have left their origins. The sad thing is...as they sow, so shall WE reap.
Your history is messed up
Look what I found in a book about the Democratic party:
The Civil Rights Movement of the 1960s, championed by the party despite opposition at the time from its Southern wing, has continued to inspire the party's liberal principles.
_________
There are also multiple chapters as well as multiple books written about the metamorphosis of BOTH parties since their inception. See, sometimes books really can be a good thing!!! By the way, do you get your historical information from the chronic-liars-library or something? Cuz it surely seems like it.
Obviously you did not read the history...
I did try to get along...and got attacked wholesale for it. Which seems to be the liberal tack...based only on my experience on this board, mind you.
I do not apologize for finding "the wisdom of the Clinton Presidency" amusing. I know that people would like to think that is the way the Clinton Presidency will be remembered...but unfortunately that will be overshadowed and most people remember him as the President who jumped the intern, lied about it, and was almost removed from office for it.
I have a "fairly broad knowledge base" but pretty much founded 100% founded on those utterly awful right wing rags that make much of America cringe." Please to be specific. What have I said or posted from an utterly awful right wing rag? Please show the post and the right wing rag it came from, please and thank you. My SCHIP information came from the Library of Congress web site and the bill itself...unless you call those right wing rags. On that subject, what are you calling utterly awful right wing rags? Frankly, I think that verbiage would make much of America cringe. And come to that...what do you base THAT statement on?
So...first, what are the utterly awful right wing rags? And then suppor that with "most of America would cringe." Lets see some facts, and not from an utterly awful left wing rag, to use your colorful description. Though until you said that, I really had not viewed them that way. Thank you, really, for a new perspective.
So...let's start with your list of utterly awful right wing rags...and support with fact your assertion that said "rags" "make much of America cringe."
You must know the true history.....
Anyone who has studied history in depth knows West Virginia history and the history of its people. They have been for the most part poor people, black and white, and they are proud people. They made do for themselves, didn't take handouts. It's still that way a lot today and they do look at things a lot differently. Goes back to before civil war days. Knowing that helps me to understand their point of view a little better.
Maybe not the worst in US history...
US Grant had lots of problems with the whole Teapot Dome scandal brought on by his best friends - great General, poor President. The list goes on and I'm sure one day Bush will be added to it, but I'm not sure he deserves the title of Worst.
I don't know why I hated history in
school, fascinating now, but I guess it is all the stories; they all their stories. Jamestown on one side here on my mother's maternal side, and the swedish on her father's side. On my paternal side, his mother had the cherokee and some interesting tails from North Carolina to OK to Tx, but her grandfather fought for the union under Grant and went AWOL when they were close to his mother's and he found out neighbors had wiped out all her stores leaving her and the rest of the kids with no food or crops. He killed 2 brothers in the field and could not find the third, married his childhood sweetheart and they hid in the smokies with an old black friend of the family and then drove 2 covered wagons to Ok, she never weighed more than 96 pounds her whole life (did not get those genes). They left Ok for TX when they found out the other brother was looking for them. Looks like we are both old school and alas, there is no room for us anymore. Guess us old dogs have to get out of the way. Being right certainly does not count for anything, does it?! Enjoyed your posts. L
Will history repeat?
If Senator McCain is elected, wonder what excuses will be used to keep him away from the convention in 2012?
You obviously have no clue about his history, a
community organizer in the gettos of Chicago before he even went to Harvard Law School, president of the Harvard review, a very intelligent person, brought up by his single-parent mother and his grandparents to be a compassionate and honorable man, and someone who understands that a president cannot be the end all monarch of American, but knows how to appoint people to his team with expertise. He is a good father, a family man, with a wife that supports him. No one wants to say it, but the biggest reason most white people don't want to vote for him is because he is black and smart.
Boy, did you sleep through U.S. History?
Do you know the foundations this country was built on?
I didn't think so.
Thank you for the history lesson!
That was hilarious! Especially the girlie-man part - boy, do I know some of those liberals! =)
You're right on the history and
Papa Kennedy had some pretty shady associations I do believe.
I don't need a history lesson
I majored in it in college. I know there's discrimination and I know there are people who will discriminate in this election - either for or against Obama. But I think it's just a shame that you think Democrats are all above this. I live in a pretty hick town in southeastern Ohio where there are MANY Democrats who are voting McCain simply because they won't vote for a black man, plain and simple. And if you think that southeastern Ohio is the only place this kind of mentallity is, you'd be wrong. Discrimination is a terrible thing, but don't think it's just a Republican thing.
those who do not learn from history....
You should know the rest. and yes, I learned plenty....I learned plenty when my wonderful friend left to go to work on 9/11/2001 just like every other ordinary day, just doing his job, and never came home again. Sorry, but if we don't keep remembering, we are doomed.
History lessons
 Some postings are like getting a history lesson.
I feel like sitting in a classroom agian.
Sometimes it even feels more like brainwashing.
Is this the goal of a forum?
history book??
Revelations?? Give me an enormous break. Even the stuff that is pseudo-historical is more like little kids playing telephone. Revelations works better as a sci-fi novel than as a history book. & anyway, since when are predictions anything like history? What, the "history" of a bunch of people guessing some stuff? Good grief. This is why I really despise Christianity. You have to embrace the concept of satan, evil, the anti-christ, all those hideous concepts, in order to be a true believer. It's fine to believe whatever you like, just make sure your right to believe stops at my right not to be infringed upon by some fairy tale.
tHOSE WHO LEARN FROM HISTORY
I agree with you 200%. I did not vote for Obama. I always vote based on the Bible as does my family and at our Bible Chapel. I always vote against abortion and always towards marriage of one man and one woman, I do believe that Obama is a socialist and he will be introducing social medicine. It makes me think that we're closer to the rapture than we think.
They say history repeats itself and it always does
History is starting to repeat itself already with the beginning of the 3rd term of the Clintons with all the Clintonites that BO is appointing.
Here's a bit of more history...
After WWI Germany sank into a depression.
It found its answer in a man who was an incredible orator. He was a charasmatic speaker who told Germany what it wanted to hear. He promised a rise to glory. He tapped into the dissatisfaction and frustration that the people were feeling and offered relief.
He promised them change. And he delivered. He neglected to mention that "change" meant much more than what people were expecting.
Germany wasn't a dictatorship before he took over. He was elected by a country that thought his promise of change would solve all its problems. He may have not fooled the entire nation but he fooled a majority for a long time.
Who said history is not interesting. We can learn a lot from it, but sometimes unfortunately people do not learn.
We need to do a little history lesson
Israel DID create the situation. Gaza is landlocked on all it's borders by Israel. They are not allowed in and out. Dr. Ron Paul had made a comment about concentration camp state; that is accurate. They have no means to get supplies in and out. A lack of supplies doesn't meant the leaders are starving their people. Supply and demand. Simply economics. Those who can afford things get them. That wouldn't be the case if the market was allowed to flow within Gaza, but that will never happen because as of now Israel has them in a full nelson and at their mercy. Mercy isn't something Israel abounds with. Barely anything is allowed in, so the supply is small. That lack of food you talk about to feed families isn't the fault of the leaders. Demand is high, supply is low, so yes, the rich SOBs running the joint will do what rich people do -- buy what they can afford because no one else can.
Hamas was created by Israel as a counter to the PLO. Much like we go about the world creating little counter-revolutions everywhere, so does Israel in the middle east. They create groups to do their bidding, using useful idiots who might actually BE extremists or just idealistic people, then when the group deteriorates away from their original purpose, Israel doesn't like that and starts crying that they're being persecuted by everyone around them. Poor little Israel can't get a break. Always getting pushed around by the big mean Arabs. Yeah, the Arabs with AK-47s that are 50 years old. You know, the same Israel who would just assume firebomb entire neighborhoods, killing anything and everything around. Mossad is active in every country in the world in the same fashion that the CIA is. Slapping around a bee's nest only invites them to sting you to death. That's what's occuring.
Hamas has eventually become a tool of the people around and has been elected into governments. Israel doesn't like that. It's a threat to their tyranny.
Extremism exists on all sides. Not just the poor idiots that get talked into blowing themselves up. Zionism has been a blight that has existed for generations and will continue to exist as an excuse to kill millions of innocent people in the name of God.
And history TRIES to rewrite itself...
Only the dubya blind will never see the truth...........
no history book here
just internet babble. I can copy/paste too!
We ARE repeating history, right now.
Going back to the days of the New Deal - spend, spend, spend. Let's just hope it doesn't take a World War to get us out of this one.
No president in history
has gone against his party or against an incumbent. Protecting their jobs is right at the top of his job description, second only to getting himself re-elected. And in his second term, his top job is to aid his party's pick for a successor, then secure re-election for his party's senate/house candidates.
I went only so far back in history because
Israel is insisting that they were the first in the Holy land and tht it is therefore their land.
This is not true, the Palestinians were first there.
Then, secondly, Israel, especially the far right Netanyahu does not want a 2-state-solution for the Palestinians, he wants the whole Palestine for Israel.
This is not right,
YOU, whoever your are, should brush up on your history!..nm
nm
From you? LOL. You make up your own history,
nm
How do I make up my own history? Isn't it a
historical fact that the Christian massacred the Muslim to conquer back the Holy land?
And didn't Israel kill over one thousand of Palestinians and wounded thousands in the Gaza war 2008?
THESE ARE FACTS which you are obviously not aware of.
Real history....(sm)
Let's not count on history books, let's just go to the Constitution.
http://www.nobeliefs.com/Tripoli.htm
History proves that I am right, you can only
cite the Bible.
You guys might want to read up on history. sm
Hitler hated the Jews for several reasons, one of which was communism. Socialism and communism are bosom buddies. The left LOVES socialism. Thus anything a Nazi war criminal says that you use is pretty darned frightening and says a lot more about the left than they are willing to say about themselves. So glad you are keeping us informed.
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