WTF Is My Problem?

[MannyGoldstein]

I believe that this no-billionaire-left-behind bailout bill is a catastrophe. So I actually disagree with my own Barney Frank, and agree with the nutty lunatic fringe Republican House members.

I need an adult beverage.

[lostnotforgotten]

1. A Broken Clock Is Right Twice A Day!

eom

[Orrex]

4. People keep saying that, but

They forget that we're in the digital age; broken digital clocks are never right.


Though, in an earlier thread, a DU'er rightly pointed out that McCain is more of a sundial than a clock.

[valerief]

12. Ha! Love that remark about digital clocks!

:rofl:

[lostnotforgotten]

6. Free Market Solution Right Here - Bailout Not Required!

http://www.youtube.com/watch?v=daOfYmSLW_U&eurl=http://market-ticker.denninger.net/archives/590-FLASH-Fed-Speaking-Out-Both-Sides-Of-Mouth.html

[Philosoraptor]

2. You are still assuming things have to make sense.

Which I gave up years ago.

[Incitatus]

3. What would happen if all the banks failed?

I think those responsible for this mess should be locked up and never see the light of day again, but the banks themselves are pretty darn important to our economy.

[MannyGoldstein]

5. There Is Zero Evidence That This Bailout Will Help Anything

The nonpartisan CBO says it may well make things worse. Paulson, Bernanke, and Frank have been dead-nuts wrong on everything for the last year or so.

[Incitatus]

7. So the banks will fail anyway?

[MannyGoldstein]

18. We Won't Know Until It Happens

Unfortunately, Paulson et a have repeatedly demonstrated that their understanding of the issue is nil. Since nobody knows, I'd rather face the uncertainty with an extra $700 B in my pocket instead of the Bush and Romney family pockets.

[Phred42]

8. BINGO!

The FDIC will need Bailout out next - then....?

The Hyperinflation coming will take care of any savings or money in the mattress you have.

Sorry kids - it's all over but the shouting, and shouting, and shouting.......

[Phred42]

9. You are kidding yourself.

[Moochy]

10. It's that no kool-aid diet you are on

Here have some Neo-libbys Fruit Punch!

Bernie Sanders does not support the bailout.

http://www.huffingtonpost.com/rep-bernie-sanders

[Trajan]

11. You arent alone .... I have had a similar moment ....

Sometimes, when the extreme RW fringe go into libertarian mode, I can find myself agreeing with them ..... rare .... but it happens .... My only real agreement with them was to NOT throw money at this ....

In any case: This issue is not simple, and it certainly is not going to have a simple solution .... and hence: The RW nuts in Congress cannot solve it with their simplistic ideas, most of which caused the problem in the first place.

I have been thinking: Why not nationalize the banks ?

Weren't the banks nationalized at one time ? .... what would be the problem with this ? .... Perhaps we need a sea change in banking structure ....

So ... no .. you arent alone .....

[sendero]

13. You are definitely not the only one..

... I think Dems are getting punked once again and I'm getting tired of it.

Not only is this bailout going to piss of main street in a big way, and if not handled deftly by Obama SINK HIS CAMPAIGN on the very issue that should be MAKING HIM WIN, it isn't going to do shit to fix the real problem in our financial system, namely the proliferation of 62 TRILLION DOLLARS of CDS derivatives that are mostly now just worthless paper.

So, you are not alone, not by a long shot. Polls show that Americans are tired of Wall Street and Washington pissing on our legs and telling us it is raining.

And I'm tired of "doomsday scenario" bullshit being used to shove a toxic agenda (Iraq war, Patriot act) down our throats. When do we stand up to these asses and say "no mas"?

[Moochy]

15. "getting punked"

or is it active self-punking?

[prayin4rain]

16. Yeah I would like to hear a proposal that includes what they intend to do

with the CDS market!!! They way I understand it the CDS's have played maybe the biggest role of any other one thing, yet I have heard no plan regarding them going forward.

[Warpy]

14. One of the few people in Congress I trust is Barney Frank

I've watched him ever since he was in the State House in Boston, skewering conservatives as only he can do.

If he's backing this bill, it's because he's managed to put enough poison pills (to the GOP) into it to ensure either Stupid will veto it or we'll get the beginning of some real reform.

[avaistheone1]

17. This is the first time I am going on record as disagreeing with Barney Frank.

I don't like this bailout bill at all.

[bread_and_roses]

19. The Dems have allowed the Rs to steal all the populist thunder on this

Their stupidity goes even beyond what I expect of them, which is hard to do.

They have let the Rs sound like the friend of the working "man," the average taxpayer, the responsible ordinary citizen. They even get away with sounding like the enemies of the fat cat and the greedy rich. It's unbelievable.

Even after the Rs and that illegitimate little puppet in the WH blocked a stimuus plan that would have put money into public works (jobs! safe infrastructure!), extended unemployment, and given States more medicaid $$ - you know, that program that low-income parents and seniors rely on for health care? Why were not the Dems out on every show and stump screaming about that? It would only have benefited, oh, MOST of us. Why are they not holding the Pres and Rs hostage on the bank bail-out for THAT?

Not that I think this bail-out is anything but another reverse-Robin Hood ponzi scheme anyway - the more I read, the more I think my initial reaction was the right one. That it is nothing but a save-the-asses of rich investors who make campaign contributions at the expense of the rest of us swindle.