OT – Inside Obama’s “Tax Cut” Can you say Redistribution!

[an]

[quote=TheBreeze]
How about we stop rewarding criminals like Bush has done with his $700 billion No Banker Left Behind Bailout? That, coupled with the $250 billion dollar direct taxpayer injection into the banks adds up to almost $1 trillion in welfare for the richest Americans (and even some foreigners).[/quote]
Hope you’re aware the majority of Democrats in the house voted for the $700B Bailouts.

[quote=TheBreeze]This to me is despicable. Bush, Republicans, and people like you who vote for them are rewarding criminals who rape the system at every opportunity. I would much rather see a few thousand dollars in taxpayer money go to a family in need as opposed to over a trillion going to a criminal element of society who is also among the richest. [/quote]
People like me? Sorry to burst your bubble but I NEVER voted for Bush. I’m also not voting for McCain this year, just to get it out there so you don’t look like a dumbass making false accusation. Yes, lets vote out all those Democrats and Republicans who voted for all these bailouts. I’m all for that. FYI, Obama voted for the bailouts. Ron Paul a REPUBLICAN voted AGAINST the bailouts. So, using your logic, since you support Obama, you are rewarding criminals who rape the system at every opportunity.

[quote=TheBreeze]I guess we are different that way. You have no trouble giving over a trillion in taxpayer money to criminals, while I would prefer that taxpayer money be used to help with some of the social ills in this country. [/quote]
Once again, the candidate who I support did not vote for these bailouts, and yours did. So, you’re the one who have no trouble giving over a trillion in taxpayer money to criminals.

[gandalf]

asia, it’s a hard situation. I’m not tring to change your mind or anything but it’s not a black-and-white issue. I run a business working with large, reputable and solvent organizations. Calls to our clients these past couple of weeks to see if there were concerns about what was happening on Wall Street and in the markets. In particular, we have a couple of invoices pending.

Almost universally, they were very concerned. These aren’t casual parties, day traders watching Bloomberg, they’re senior management, accounting and systems people at large organizations trying to operate going-concerns with thousands of employees and work to do. They rely on bank credit and sophisticated cash management practices to operate.

If the crisis had been allowed to spiral out of control, and it still might, the impact on the general economy would have been much greater, possibly catastrophic, in terms of businesses being unable to meet obligations and possibly failing, jobs being lost, supply chains and transportation networks being disrupted, etc, etc.

I’m not supporting “No Banker Left Behind”. I feel incredibly conflicted and am morally disgusted with the bailout. Just saying it’s not an easy issue, and hard to paint in partisan terms — Dems did this, Reps did that, etc. These are not ordinary times.

If it matters, I’m absolutely for Bailout version 2.0 over version 1.0, the “European Version”. US Govt should receive equity in troubled banks with the opportunity to liquidate holdings once the markets regain footing. This is slightly less disgusting than relieving banks of bad loans. Both solutions are pretty much awful though.

[gandalf]

asia, it’s a hard situation. I’m not tring to change your mind or anything but it’s not a black-and-white issue. I run a business working with large, reputable and solvent organizations. Calls to our clients these past couple of weeks to see if there were concerns about what was happening on Wall Street and in the markets. In particular, we have a couple of invoices pending.

Almost universally, they were very concerned. These aren’t casual parties, day traders watching Bloomberg, they’re senior management, accounting and systems people at large organizations trying to operate going-concerns with thousands of employees and work to do. They rely on bank credit and sophisticated cash management practices to operate.

If the crisis had been allowed to spiral out of control, and it still might, the impact on the general economy would have been much greater, possibly catastrophic, in terms of businesses being unable to meet obligations and possibly failing, jobs being lost, supply chains and transportation networks being disrupted, etc, etc.

I’m not supporting “No Banker Left Behind”. I feel incredibly conflicted and am morally disgusted with the bailout. Just saying it’s not an easy issue, and hard to paint in partisan terms — Dems did this, Reps did that, etc. These are not ordinary times.

If it matters, I’m absolutely for Bailout version 2.0 over version 1.0, the “European Version”. US Govt should receive equity in troubled banks with the opportunity to liquidate holdings once the markets regain footing. This is slightly less disgusting than relieving banks of bad loans. Both solutions are pretty much awful though.

[gandalf]

asia, it’s a hard situation. I’m not tring to change your mind or anything but it’s not a black-and-white issue. I run a business working with large, reputable and solvent organizations. Calls to our clients these past couple of weeks to see if there were concerns about what was happening on Wall Street and in the markets. In particular, we have a couple of invoices pending.

Almost universally, they were very concerned. These aren’t casual parties, day traders watching Bloomberg, they’re senior management, accounting and systems people at large organizations trying to operate going-concerns with thousands of employees and work to do. They rely on bank credit and sophisticated cash management practices to operate.

If the crisis had been allowed to spiral out of control, and it still might, the impact on the general economy would have been much greater, possibly catastrophic, in terms of businesses being unable to meet obligations and possibly failing, jobs being lost, supply chains and transportation networks being disrupted, etc, etc.

I’m not supporting “No Banker Left Behind”. I feel incredibly conflicted and am morally disgusted with the bailout. Just saying it’s not an easy issue, and hard to paint in partisan terms — Dems did this, Reps did that, etc. These are not ordinary times.

If it matters, I’m absolutely for Bailout version 2.0 over version 1.0, the “European Version”. US Govt should receive equity in troubled banks with the opportunity to liquidate holdings once the markets regain footing. This is slightly less disgusting than relieving banks of bad loans. Both solutions are pretty much awful though.

[gandalf]

asia, it’s a hard situation. I’m not tring to change your mind or anything but it’s not a black-and-white issue. I run a business working with large, reputable and solvent organizations. Calls to our clients these past couple of weeks to see if there were concerns about what was happening on Wall Street and in the markets. In particular, we have a couple of invoices pending.

Almost universally, they were very concerned. These aren’t casual parties, day traders watching Bloomberg, they’re senior management, accounting and systems people at large organizations trying to operate going-concerns with thousands of employees and work to do. They rely on bank credit and sophisticated cash management practices to operate.

If the crisis had been allowed to spiral out of control, and it still might, the impact on the general economy would have been much greater, possibly catastrophic, in terms of businesses being unable to meet obligations and possibly failing, jobs being lost, supply chains and transportation networks being disrupted, etc, etc.

I’m not supporting “No Banker Left Behind”. I feel incredibly conflicted and am morally disgusted with the bailout. Just saying it’s not an easy issue, and hard to paint in partisan terms — Dems did this, Reps did that, etc. These are not ordinary times.

If it matters, I’m absolutely for Bailout version 2.0 over version 1.0, the “European Version”. US Govt should receive equity in troubled banks with the opportunity to liquidate holdings once the markets regain footing. This is slightly less disgusting than relieving banks of bad loans. Both solutions are pretty much awful though.

[gandalf]

asia, it’s a hard situation. I’m not tring to change your mind or anything but it’s not a black-and-white issue. I run a business working with large, reputable and solvent organizations. Calls to our clients these past couple of weeks to see if there were concerns about what was happening on Wall Street and in the markets. In particular, we have a couple of invoices pending.

Almost universally, they were very concerned. These aren’t casual parties, day traders watching Bloomberg, they’re senior management, accounting and systems people at large organizations trying to operate going-concerns with thousands of employees and work to do. They rely on bank credit and sophisticated cash management practices to operate.

If the crisis had been allowed to spiral out of control, and it still might, the impact on the general economy would have been much greater, possibly catastrophic, in terms of businesses being unable to meet obligations and possibly failing, jobs being lost, supply chains and transportation networks being disrupted, etc, etc.

I’m not supporting “No Banker Left Behind”. I feel incredibly conflicted and am morally disgusted with the bailout. Just saying it’s not an easy issue, and hard to paint in partisan terms — Dems did this, Reps did that, etc. These are not ordinary times.

If it matters, I’m absolutely for Bailout version 2.0 over version 1.0, the “European Version”. US Govt should receive equity in troubled banks with the opportunity to liquidate holdings once the markets regain footing. This is slightly less disgusting than relieving banks of bad loans. Both solutions are pretty much awful though.

[TheBreeze]

[quote=asianautica]
People like me? Sorry to burst your bubble but I NEVER voted for Bush. I’m also not voting for McCain this year, just to get it out there so you don’t look like a dumbass making false accusation. Yes, lets vote out all those Democrats and Republicans who voted for all these bailouts. I’m all for that. FYI, Obama voted for the bailouts. Ron Paul a REPUBLICAN voted AGAINST the bailouts. So, using your logic, since you support Obama, you are rewarding criminals who rape the system at every opportunity.
[/quote]

Good point. Ron Paul does seem to have the most economically sensible policies. It’s too bad he’s not on the ballot in California. I may yet vote for Bob Barr as Ron Paul’s proxy. I will be voting against Democratic Representative Susan A. Davis because she voted for the bailout.

[TheBreeze]

[quote=asianautica]
People like me? Sorry to burst your bubble but I NEVER voted for Bush. I’m also not voting for McCain this year, just to get it out there so you don’t look like a dumbass making false accusation. Yes, lets vote out all those Democrats and Republicans who voted for all these bailouts. I’m all for that. FYI, Obama voted for the bailouts. Ron Paul a REPUBLICAN voted AGAINST the bailouts. So, using your logic, since you support Obama, you are rewarding criminals who rape the system at every opportunity.
[/quote]

Good point. Ron Paul does seem to have the most economically sensible policies. It’s too bad he’s not on the ballot in California. I may yet vote for Bob Barr as Ron Paul’s proxy. I will be voting against Democratic Representative Susan A. Davis because she voted for the bailout.

[TheBreeze]

[quote=asianautica]
People like me? Sorry to burst your bubble but I NEVER voted for Bush. I’m also not voting for McCain this year, just to get it out there so you don’t look like a dumbass making false accusation. Yes, lets vote out all those Democrats and Republicans who voted for all these bailouts. I’m all for that. FYI, Obama voted for the bailouts. Ron Paul a REPUBLICAN voted AGAINST the bailouts. So, using your logic, since you support Obama, you are rewarding criminals who rape the system at every opportunity.
[/quote]

Good point. Ron Paul does seem to have the most economically sensible policies. It’s too bad he’s not on the ballot in California. I may yet vote for Bob Barr as Ron Paul’s proxy. I will be voting against Democratic Representative Susan A. Davis because she voted for the bailout.

[TheBreeze]

[quote=asianautica]
People like me? Sorry to burst your bubble but I NEVER voted for Bush. I’m also not voting for McCain this year, just to get it out there so you don’t look like a dumbass making false accusation. Yes, lets vote out all those Democrats and Republicans who voted for all these bailouts. I’m all for that. FYI, Obama voted for the bailouts. Ron Paul a REPUBLICAN voted AGAINST the bailouts. So, using your logic, since you support Obama, you are rewarding criminals who rape the system at every opportunity.
[/quote]

Good point. Ron Paul does seem to have the most economically sensible policies. It’s too bad he’s not on the ballot in California. I may yet vote for Bob Barr as Ron Paul’s proxy. I will be voting against Democratic Representative Susan A. Davis because she voted for the bailout.

[TheBreeze]

[quote=asianautica]
People like me? Sorry to burst your bubble but I NEVER voted for Bush. I’m also not voting for McCain this year, just to get it out there so you don’t look like a dumbass making false accusation. Yes, lets vote out all those Democrats and Republicans who voted for all these bailouts. I’m all for that. FYI, Obama voted for the bailouts. Ron Paul a REPUBLICAN voted AGAINST the bailouts. So, using your logic, since you support Obama, you are rewarding criminals who rape the system at every opportunity.
[/quote]

Good point. Ron Paul does seem to have the most economically sensible policies. It’s too bad he’s not on the ballot in California. I may yet vote for Bob Barr as Ron Paul’s proxy. I will be voting against Democratic Representative Susan A. Davis because she voted for the bailout.

[TheBreeze]

[quote=gandalf]

I’m not supporting “No Banker Left Behind”. I feel incredibly conflicted and am morally disgusted with the bailout. Just saying it’s not an easy issue, and hard to paint in partisan terms — Dems did this, Reps did that, etc. These are not ordinary times.

If it matters, I’m absolutely for Bailout version 2.0 over version 1.0, the “European Version”. US Govt should receive equity in troubled banks with the opportunity to liquidate holdings once the markets regain footing. This is slightly less disgusting than relieving banks of bad loans. Both solutions are pretty much awful though.[/quote]

Each bailout is pretty horrible and each is designed to reflate the bubble. It’s likely that each bailout will fail. If the bailouts “succeed”, it willl likely lead to hyperinflation in the long run.

To me, it seems all that’s needed is some full-reserve banks to deal with short-term business transactions. I believe CA Renter made this suggestion the other day. There’s no reason the taxpayer should be on the hook to fund the profits generated from businesses “sophisticated cash-management techniques”.

[TheBreeze]

[quote=gandalf]

I’m not supporting “No Banker Left Behind”. I feel incredibly conflicted and am morally disgusted with the bailout. Just saying it’s not an easy issue, and hard to paint in partisan terms — Dems did this, Reps did that, etc. These are not ordinary times.

If it matters, I’m absolutely for Bailout version 2.0 over version 1.0, the “European Version”. US Govt should receive equity in troubled banks with the opportunity to liquidate holdings once the markets regain footing. This is slightly less disgusting than relieving banks of bad loans. Both solutions are pretty much awful though.[/quote]

Each bailout is pretty horrible and each is designed to reflate the bubble. It’s likely that each bailout will fail. If the bailouts “succeed”, it willl likely lead to hyperinflation in the long run.

To me, it seems all that’s needed is some full-reserve banks to deal with short-term business transactions. I believe CA Renter made this suggestion the other day. There’s no reason the taxpayer should be on the hook to fund the profits generated from businesses “sophisticated cash-management techniques”.

[TheBreeze]

[quote=gandalf]

I’m not supporting “No Banker Left Behind”. I feel incredibly conflicted and am morally disgusted with the bailout. Just saying it’s not an easy issue, and hard to paint in partisan terms — Dems did this, Reps did that, etc. These are not ordinary times.

If it matters, I’m absolutely for Bailout version 2.0 over version 1.0, the “European Version”. US Govt should receive equity in troubled banks with the opportunity to liquidate holdings once the markets regain footing. This is slightly less disgusting than relieving banks of bad loans. Both solutions are pretty much awful though.[/quote]

Each bailout is pretty horrible and each is designed to reflate the bubble. It’s likely that each bailout will fail. If the bailouts “succeed”, it willl likely lead to hyperinflation in the long run.

To me, it seems all that’s needed is some full-reserve banks to deal with short-term business transactions. I believe CA Renter made this suggestion the other day. There’s no reason the taxpayer should be on the hook to fund the profits generated from businesses “sophisticated cash-management techniques”.

[TheBreeze]

[quote=gandalf]

I’m not supporting “No Banker Left Behind”. I feel incredibly conflicted and am morally disgusted with the bailout. Just saying it’s not an easy issue, and hard to paint in partisan terms — Dems did this, Reps did that, etc. These are not ordinary times.

If it matters, I’m absolutely for Bailout version 2.0 over version 1.0, the “European Version”. US Govt should receive equity in troubled banks with the opportunity to liquidate holdings once the markets regain footing. This is slightly less disgusting than relieving banks of bad loans. Both solutions are pretty much awful though.[/quote]

Each bailout is pretty horrible and each is designed to reflate the bubble. It’s likely that each bailout will fail. If the bailouts “succeed”, it willl likely lead to hyperinflation in the long run.

To me, it seems all that’s needed is some full-reserve banks to deal with short-term business transactions. I believe CA Renter made this suggestion the other day. There’s no reason the taxpayer should be on the hook to fund the profits generated from businesses “sophisticated cash-management techniques”.

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