Fish Eaters Traditional Catholic Forum
May 19, 2013, 05:16:AM *
Welcome, Guest. Please login or register.

Login with username, password and session length
News: The man still needs help!
 
   Fish Eaters    Forum Index   Forum Rules   Help Calendar Members Chat Room   Who's Chatting   Login Register  
Pages: [1] 2 3 4
 
Author Topic: Bailout News  (Read 1847 times)
rbjmartin
Gold Fish
*
Gender: Male
Location: San Antonio, TX
Personality type: sanguine
Posts: 4,850


timorem domini docebo vos


« on: September 25, 2008, 12:00:AM »

Have the American people finally come to their senses?  Will they let the bankers and their paid-for politicians cow us into this massive bailout?  The people seem to be taking a stand.

From:
http://www.nytimes.com/2008/09/25/business/25voices.html?_r=1&ref=business&oref=slogin

Quote

Lawmakers’ Constituents Make Their Bailout Views Loud and Clear

Published: September 24, 2008
             

WASHINGTON — Americans’ anger is in full bloom, jumping off the screen in capital letters and exclamation points, in the e-mail in-boxes of elected representatives in the nation’s capital.

       

“I am hoping Congress can find the backbone to stand on their feet and not their knees before BIG BUSINESS,” one correspondent wrote to Representative Jim McDermott of Washington.

“I’d rather leave a better world to my children — NOT A BANKRUPT NATION. Whew! Pardon my shouting,” wrote another.

Mr. McDermott is a liberal Democrat, but his e-mail messages look a lot like the ones that Representative Candice S. Miller, a conservative Republican from Michigan, is receiving. “NO BAILOUT, I am a registered republican,” one constituent wrote. “I will vote and campaign hard against you if we have to subsidize the very people that have sold out MY COUNTRY.”

The backlash, in phone calls as well as e-mail messages, is putting lawmakers in a quandary as they weigh what many regard as the most consequential decision of their careers: whether to agree to President Bush’s request to spend an estimated $700 billion in taxpayer money to rescue the financial services system.

Around the country, Republican and Democratic voters are rising up in outright opposition to the White House plan or, at the very least, to express concern that it is being pushed through Congress in haste.

Lawmakers, in turn, are agonizing over what to do. Mrs. Miller said she had been “trying to be very deliberative about it,” listening to administration officials like Treasury Secretary Henry M. Paulson Jr., consulting with bankers from her district and independent experts. She sounded torn Wednesday, saying she was looking for guidance from Republican leaders and hoping they would come together with their Democratic counterparts on a bipartisan plan.

“I would say it’s the most concerned I’ve been since I’ve been in Congress,” said the congresswoman, a former Michigan secretary of state who won her House seat in 2002. “I appreciate all of the input that I’m getting from my constituents, but I’m just not reacting to that — I can’t until I understand it better and feel comfortable with my vote. And I’m not sure how I’m going to be voting yet.”

Meanwhile, the complaints keep coming, and several Congressional offices agreed to share them with reporters, though only on condition that the senders’ names not be published, for privacy reasons.

Senator Barbara Boxer, Democrat of California, has received nearly 17,000 e-mail messages, nearly all opposed to the bailout, her office said. More than 2,000 constituents called Ms. Boxer’s California office on Tuesday alone; just 40 favored the bailout. Her Washington office received 918 calls. Just one supported the rescue plan.

Senator Sherrod Brown, Democrat of Ohio, said he had been getting 2,000 e-mail messages and telephone calls a day, roughly 95 percent opposed. When Senator Bernard Sanders, the Vermont independent who votes with Democrats, posted a petition on his Web site asking Mr. Paulson to require that taxpayers receive an equity stake in the bailed-out companies, more than 20,000 people signed.

“We certainly have never brought in 20,000 names in a day and a half,” Mr. Sanders said, sounding astonished. “For us, that’s off the wall.”

It is much the same on the Republican side. Aides to Senator Jim Bunning, a Kentucky Republican who has called the bailout plan “un-American,” said the senator had received more constituent reaction to the bailout plan than to any issue since the immigration debate.

Representative Ray LaHood, Republican of Illinois, said he had not seen such an outpouring since President Bill Clinton’s impeachment trial in 1999.

Constituent communications, of course, are no shock to lawmakers, especially since the age of e-mail messages and automated “robo-calls” make it possible for voters to vent en masse. But members of Congress say reaction to the bailout does not appear orchestrated or coordinated, but rather individual expressions that come from the grass roots and run across the philosophical spectrum.

War opponents, for instance, are telling lawmakers that they are tired of an administration that, in Mr. McDermott’s words, has “cried wolf” and played “the fear card” too many times by leading the nation into war in Iraq to find nonexistent weapons of mass destruction and curbing civil rights in the name of pursuing terrorists.

“The last time that Congress hurriedly passed legislation that the administration presented as ‘urgent’ we got the Patriot Act, with its mix of necessary reforms and onerous civil rights abuses,” one of Senator Brown’s constituents wrote. “Do not fall into this trap again.”

Others, invoking the Bush administration’s efforts to expand executive authority, are irate over the idea that one person — Mr. Paulson, and then his successor — would control so much taxpayer money. “So many people have said to me, ‘This is a democracy; this isn’t a dictatorship,’ ” Senator Kent Conrad, Democrat of North Dakota, said.

Fiscal conservatives, on the other hand, see the White House abandoning core principles, marching down a treacherous road toward government intervention in the markets. “We are turning into a socialist country,” one voter warned an aide to Senator Pete V. Domenici, Republican of  New Mexico. “Let the markets work.”

But in the end, from the right or the left, lawmakers say the message is the same: Slow down, catch your breath and do not make any rash decisions, no matter what the White House says.

“This is too serious a problem for the administration to expect us to just rubber-stamp a $700 billion proposal and rush to get out of town,” said Senator Susan Collins, Republican of Maine. “That’s something my constituents definitely won’t tolerate.”

Contributing reporting were Robbie Brown in Atlanta, Christina Capecchi in Minneapolis, Rebecca Cathcart in Los Angeles, Bob Driehaus in Cincinnati, and Katie Zezima in Boston.


I've already written to my House Rep.  Still need to hit up my Senator.  Have you?

Don't just sit there...get to work, people!

Logged

Nolite confidere in principibus. - Psalm 145
prince_caspian
Member

Posts: 92


« Reply #1 on: September 25, 2008, 03:16:AM »

I wonder if the Fed actually has the money in hand to "bail out" those companies in trouble. Let me guess. Key in "digital money" into their accounts? Print even more money? Wow, US dollars is going to be so worth in value (as toilet paper)
Logged

Hail Mary Korea version:
은총이 가득하신 마리아님, 기뻐하소서! 주님께서 함께계시니 여인중에 복되시며 태중의 아들 예수님 또한 복되시나이다. 천주의 성모 마리아님, 이제와 저희죽을 때에 저희 죄인을 위하여 빌어주소서. 아멘.

ProstrateInAwe
Guest
« Reply #2 on: September 25, 2008, 04:14:AM »

Just in case anyone needs to look up contact information for their Representatives and Senators:

http://directory.usayfoundation.org/

Logged
maldon
Member

Posts: 917



« Reply #3 on: September 25, 2008, 04:21:AM »

This is history in the making. Whatever you Americans do here will be felt by the world for a century at least. This will be either a return to sanity (with the requisite pain of an economic crash) or the end of America.

Logged

"The days have gone down in the West, behind the hills, into shadow." - Theoden, King.
ggreg
Member

Gender: Male
Posts: 10,586


Don't hate what you cannot have


« Reply #4 on: September 25, 2008, 06:46:AM »

I wonder whether Congress are really going to stop or curtail the bailout or whether they are not simply showboating in order to keep their seats come the next election.

If they refuse the bailout and the economy crashes, then they lose their seats come the next election because it will be assumed that the bailout would have been better than the crash.

If they pass the bailout without so much as a by-your-leave then they lose the next election because the public want to see heads roll over this.

If they ask questions and look tough and demand a few small but in the end rather meaningless concessions, then they can say to the voters in the next election.  "We did what we could, don't blame us, blame the bankers and the then administration".

Strikes me that most of these people don't care a hooting hell about Joe American and are basically self-interested career politicians.  Feigning resistance but doing the bailout anyway would appear to be the least risky course for their political careers.  At least in the aggregate.
Logged


HMiS
Member

Gender: Male
Posts: 6,172



« Reply #5 on: September 25, 2008, 07:45:AM »

I am poor and in 'relatively' more secure Western Europe, but if I were an American citizen and could afford it, I would buy some gold to trade with, emergency rations, canned water and canned food, and start planning evacuation to family members on the rural lands of e.g. Kansas, in case you happen in a large urban area, which after the Economic Crash might become hellish due to gangs going around stealing all there is left.....

They already brought a Corps from the US Army into the Northern American Sector of military defence, for use against civil unrest in the USA.
Logged

„Ja, Ja, wie Gott es will. Gott lohne es Euch. Gott schütze das liebe Vaterland. Für Ihn weiterarbeiten... oh, Du lieber Heiland!” ("Yes, Yes, as God wills it. May God repay it to you. May God protect the dear fatherland. Go on working for him... oh, you dear Savior!") - Clemens August Cardinal von Galen, his last words.
pander44
Guest
« Reply #6 on: September 25, 2008, 08:29:AM »

Where did they bring an Army Corps into?For use against civil unrest?Where did this info originate?

Logged
BrooklynCatholic
Guest
« Reply #7 on: September 25, 2008, 09:44:AM »

the longer Congress waits on this, the better. Maybe if they wait, they will see that the market doesn't actually need a bailout. Some of these companies are already starting to deleverage themselves from their bad assets. In essence; the market is already starting to correct itself, and while that correction will be accompanied by a contraction (back to a more reasonable level) a crash isn't somehow inevitable. That's what puzzles me; the thought that there are 2 choices: bailout or crash. The crash part isn't a guarantee, and the bailout part itself isn't anywhere close to guaranteed to work effectively in the way it's intended. It just seems to me that paying out all that taxpayer money is actually the riskier move.
Logged
ProstrateInAwe
Guest
« Reply #8 on: September 25, 2008, 09:59:AM »

Hi Brooklyn,  I totally agree.  But the pessimist in me says that a self-correction, contraction doesn't play into the overall scheme of the New World Order very well.
Logged
Tim
Gold Fish
*
Gender: Male
Location: chicago
Posts: 12,304



« Reply #9 on: September 25, 2008, 12:12:PM »

I've been thnking this over and it appears to be an anti-sacrament fashioned similar to Confirmation.
We re-affirm the Wall Street Wizards (Luciferan high priests) through the crooked politicians (minor priests) by giving them the money on the proposition that they know what is best for this world (lucifer's domain). I'm still thinking. It appears to be the follow up to the anti-sacrament of abortion as baptism, and un-holy communion as contraception by pharma or mutilitation.
Logged
Pages: [1] 2 3 4
 
 
Jump to:  

Powered by SMF 1.1.8 | SMF © 2006-2008, Simple Machines LLC