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October 1, 2008 at 2:43 PM in reply to: The choice is now between bad and worse – why don’t people get this ??? #278958October 1, 2008 at 2:43 PM in reply to: The choice is now between bad and worse – why don’t people get this ??? #279225
Ex-SD
ParticipantFormer Bush Treasury Secretary O’Neill: Bailout is “crazy”
Paul O’Neill, who served as President Bush’s first treasury secretary, today called the bailout bill headed for Senate passage “crazy,” with “unbelievably bad” consequences.From Bloomberg News:
Former U.S. Treasury Secretary Paul O’Neill said the $700 billion bank-rescue proposal under negotiation in Washington is “crazy,” with potentially “awful” consequences for the world’s largest economy.
“Doesn’t this seem like lunacy to you?” said O’Neill, who was President Bush’s first Treasury chief, from 2001 to 2002, in a telephone interview today. “The consequences of it are unbelievably bad in terms of public intrusion into the private sector.”
… “Is anybody thinking there?” asked O’Neill, who also served as deputy budget director in the Ford administration. “It’s too late, it’s not going to make any difference and it’s aggravating as hell when there’s a better idea and you can’t even get it in play,” he said, recognizing little success so far in pitching his own proposal.
O’Neill was the first Bush insider to publicly question the president’s judgment and decision-making ability. After he was fired, it was O’Neill who said, memorably, that Bush in a cabinet meeting was “like a blind man in a roomful of deaf people.”October 1, 2008 at 2:43 PM in reply to: The choice is now between bad and worse – why don’t people get this ??? #279236Ex-SD
ParticipantFormer Bush Treasury Secretary O’Neill: Bailout is “crazy”
Paul O’Neill, who served as President Bush’s first treasury secretary, today called the bailout bill headed for Senate passage “crazy,” with “unbelievably bad” consequences.From Bloomberg News:
Former U.S. Treasury Secretary Paul O’Neill said the $700 billion bank-rescue proposal under negotiation in Washington is “crazy,” with potentially “awful” consequences for the world’s largest economy.
“Doesn’t this seem like lunacy to you?” said O’Neill, who was President Bush’s first Treasury chief, from 2001 to 2002, in a telephone interview today. “The consequences of it are unbelievably bad in terms of public intrusion into the private sector.”
… “Is anybody thinking there?” asked O’Neill, who also served as deputy budget director in the Ford administration. “It’s too late, it’s not going to make any difference and it’s aggravating as hell when there’s a better idea and you can’t even get it in play,” he said, recognizing little success so far in pitching his own proposal.
O’Neill was the first Bush insider to publicly question the president’s judgment and decision-making ability. After he was fired, it was O’Neill who said, memorably, that Bush in a cabinet meeting was “like a blind man in a roomful of deaf people.”October 1, 2008 at 2:43 PM in reply to: The choice is now between bad and worse – why don’t people get this ??? #279273Ex-SD
ParticipantFormer Bush Treasury Secretary O’Neill: Bailout is “crazy”
Paul O’Neill, who served as President Bush’s first treasury secretary, today called the bailout bill headed for Senate passage “crazy,” with “unbelievably bad” consequences.From Bloomberg News:
Former U.S. Treasury Secretary Paul O’Neill said the $700 billion bank-rescue proposal under negotiation in Washington is “crazy,” with potentially “awful” consequences for the world’s largest economy.
“Doesn’t this seem like lunacy to you?” said O’Neill, who was President Bush’s first Treasury chief, from 2001 to 2002, in a telephone interview today. “The consequences of it are unbelievably bad in terms of public intrusion into the private sector.”
… “Is anybody thinking there?” asked O’Neill, who also served as deputy budget director in the Ford administration. “It’s too late, it’s not going to make any difference and it’s aggravating as hell when there’s a better idea and you can’t even get it in play,” he said, recognizing little success so far in pitching his own proposal.
O’Neill was the first Bush insider to publicly question the president’s judgment and decision-making ability. After he was fired, it was O’Neill who said, memorably, that Bush in a cabinet meeting was “like a blind man in a roomful of deaf people.”October 1, 2008 at 2:43 PM in reply to: The choice is now between bad and worse – why don’t people get this ??? #279284Ex-SD
ParticipantFormer Bush Treasury Secretary O’Neill: Bailout is “crazy”
Paul O’Neill, who served as President Bush’s first treasury secretary, today called the bailout bill headed for Senate passage “crazy,” with “unbelievably bad” consequences.From Bloomberg News:
Former U.S. Treasury Secretary Paul O’Neill said the $700 billion bank-rescue proposal under negotiation in Washington is “crazy,” with potentially “awful” consequences for the world’s largest economy.
“Doesn’t this seem like lunacy to you?” said O’Neill, who was President Bush’s first Treasury chief, from 2001 to 2002, in a telephone interview today. “The consequences of it are unbelievably bad in terms of public intrusion into the private sector.”
… “Is anybody thinking there?” asked O’Neill, who also served as deputy budget director in the Ford administration. “It’s too late, it’s not going to make any difference and it’s aggravating as hell when there’s a better idea and you can’t even get it in play,” he said, recognizing little success so far in pitching his own proposal.
O’Neill was the first Bush insider to publicly question the president’s judgment and decision-making ability. After he was fired, it was O’Neill who said, memorably, that Bush in a cabinet meeting was “like a blind man in a roomful of deaf people.”October 1, 2008 at 8:08 AM in reply to: LOL. If you liked the Fed Bailout 1.0, you’ll love Fed Bailout 2.0-Beta #278709Ex-SD
ParticipantFLU: You’re absolutely correct. This IS crazy!!!
But, that’s not going to stop these idiots from doing it.October 1, 2008 at 8:08 AM in reply to: LOL. If you liked the Fed Bailout 1.0, you’ll love Fed Bailout 2.0-Beta #278974Ex-SD
ParticipantFLU: You’re absolutely correct. This IS crazy!!!
But, that’s not going to stop these idiots from doing it.October 1, 2008 at 8:08 AM in reply to: LOL. If you liked the Fed Bailout 1.0, you’ll love Fed Bailout 2.0-Beta #278986Ex-SD
ParticipantFLU: You’re absolutely correct. This IS crazy!!!
But, that’s not going to stop these idiots from doing it.October 1, 2008 at 8:08 AM in reply to: LOL. If you liked the Fed Bailout 1.0, you’ll love Fed Bailout 2.0-Beta #279023Ex-SD
ParticipantFLU: You’re absolutely correct. This IS crazy!!!
But, that’s not going to stop these idiots from doing it.October 1, 2008 at 8:08 AM in reply to: LOL. If you liked the Fed Bailout 1.0, you’ll love Fed Bailout 2.0-Beta #279034Ex-SD
ParticipantFLU: You’re absolutely correct. This IS crazy!!!
But, that’s not going to stop these idiots from doing it.Ex-SD
ParticipantHow do I like living here? Actually, it’s pretty good. I was born here and lived here until I went in the military. When I got out, I got a job that eventually sent me to San Diego where we lived for 30 years. When we were convinced that the housing market was going to take a big hit, we sold our home and our rental and moved back here in May of 2005. Our plan was to eventually move back to San Diego when prices bottomed out but the longer we live here, the more we’re leaning towards just staying here permanently. I retired in my mid 50’s so having to live any specific place in order to work is not something I had to worry about. Houses are reasonably priced and we didn’t have a housing bubble like SoCal.
We miss certain things about San Diego and I’m not fond of the three hot months that we have during the summer but we live right at the foot of the Smoky Mountains so we get a cool breeze just about every day of the year.
If prices fell far enough in San Diego, it might persuade us to take a hard look at returning but for now, this is not a bad place to live and the overall cost of living is dirt cheap when you compare it to California.Ex-SD
ParticipantHow do I like living here? Actually, it’s pretty good. I was born here and lived here until I went in the military. When I got out, I got a job that eventually sent me to San Diego where we lived for 30 years. When we were convinced that the housing market was going to take a big hit, we sold our home and our rental and moved back here in May of 2005. Our plan was to eventually move back to San Diego when prices bottomed out but the longer we live here, the more we’re leaning towards just staying here permanently. I retired in my mid 50’s so having to live any specific place in order to work is not something I had to worry about. Houses are reasonably priced and we didn’t have a housing bubble like SoCal.
We miss certain things about San Diego and I’m not fond of the three hot months that we have during the summer but we live right at the foot of the Smoky Mountains so we get a cool breeze just about every day of the year.
If prices fell far enough in San Diego, it might persuade us to take a hard look at returning but for now, this is not a bad place to live and the overall cost of living is dirt cheap when you compare it to California.Ex-SD
ParticipantHow do I like living here? Actually, it’s pretty good. I was born here and lived here until I went in the military. When I got out, I got a job that eventually sent me to San Diego where we lived for 30 years. When we were convinced that the housing market was going to take a big hit, we sold our home and our rental and moved back here in May of 2005. Our plan was to eventually move back to San Diego when prices bottomed out but the longer we live here, the more we’re leaning towards just staying here permanently. I retired in my mid 50’s so having to live any specific place in order to work is not something I had to worry about. Houses are reasonably priced and we didn’t have a housing bubble like SoCal.
We miss certain things about San Diego and I’m not fond of the three hot months that we have during the summer but we live right at the foot of the Smoky Mountains so we get a cool breeze just about every day of the year.
If prices fell far enough in San Diego, it might persuade us to take a hard look at returning but for now, this is not a bad place to live and the overall cost of living is dirt cheap when you compare it to California.Ex-SD
ParticipantHow do I like living here? Actually, it’s pretty good. I was born here and lived here until I went in the military. When I got out, I got a job that eventually sent me to San Diego where we lived for 30 years. When we were convinced that the housing market was going to take a big hit, we sold our home and our rental and moved back here in May of 2005. Our plan was to eventually move back to San Diego when prices bottomed out but the longer we live here, the more we’re leaning towards just staying here permanently. I retired in my mid 50’s so having to live any specific place in order to work is not something I had to worry about. Houses are reasonably priced and we didn’t have a housing bubble like SoCal.
We miss certain things about San Diego and I’m not fond of the three hot months that we have during the summer but we live right at the foot of the Smoky Mountains so we get a cool breeze just about every day of the year.
If prices fell far enough in San Diego, it might persuade us to take a hard look at returning but for now, this is not a bad place to live and the overall cost of living is dirt cheap when you compare it to California.Ex-SD
ParticipantHow do I like living here? Actually, it’s pretty good. I was born here and lived here until I went in the military. When I got out, I got a job that eventually sent me to San Diego where we lived for 30 years. When we were convinced that the housing market was going to take a big hit, we sold our home and our rental and moved back here in May of 2005. Our plan was to eventually move back to San Diego when prices bottomed out but the longer we live here, the more we’re leaning towards just staying here permanently. I retired in my mid 50’s so having to live any specific place in order to work is not something I had to worry about. Houses are reasonably priced and we didn’t have a housing bubble like SoCal.
We miss certain things about San Diego and I’m not fond of the three hot months that we have during the summer but we live right at the foot of the Smoky Mountains so we get a cool breeze just about every day of the year.
If prices fell far enough in San Diego, it might persuade us to take a hard look at returning but for now, this is not a bad place to live and the overall cost of living is dirt cheap when you compare it to California. -
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