No-bailout Movement Emerges at RNC, page 2
Pages: <<  1    2  >>
ATS Members have flagged this thread 16 times


reply posted on 30-12-2008 @ 08:18 AM by marg6043
reply to post by Benevolent Heretic



Let see how far this obvious "act of courage will go" either many of this politicians can not ignore the public pleas anymore or they are getting enough cojones now that we have a "new President elect" to do this.

Even when we know that the only way Obama will be able to run the government is borrowing us into oblivion this have to stop.

The jobs Obama is planing with another catastrophic bail out will be lost within the wave of job loses that are expected next year as the economic downfall keep taking it toll.

We need the nation to sink and like the Phoenix to rebuild from the ashes.

We can do it all in our own without another bail out and borrowing from foreign nations.

We need to target the root of the problem, the WTO, GLOBALIZATION and NAFTA.

We need to reverse the policies that are to enrich the wealthy and stop giving away tax payer money for spa retrieve in California.

Either our politicians are starting to see that the Americans are reaching that point of boiling over and revolt or they actually are seen the light.

But I will hold my breath until it happens



reply posted on 30-12-2008 @ 09:41 AM by Dbriefed
Even an eastern european politician calls the bailouts 'old socialism'.

www.bloomberg.com...
Vaclav Klaus - "A 67-year-old economist who helped build the Czechs’ post- communist democracy, Klaus has likened bank bailouts to “old socialism,” slammed the Lisbon Treaty as “contradicting Czech sovereignty” and called environmental issues a “luxury.”"...."an admirer of Milton Friedman and Margaret Thatcher, says “excessive state intervention” and “irresponsible increases of state expenditures” are behind the global financial crisis"


Sounds like citizens of the Czech republic have more freedom than us Americans.

[edit on 30-12-2008 by Dbriefed]


reply posted on 30-12-2008 @ 11:54 AM by Sestias
It's good to see the Republican Party standing for something beside making the rich richer and "trickle down" economics. Their "no bailout" stance is something that hopefully can become a point of honest debate among those who care enough about economic matters to learn something about them. I never thought I'd say this, but I halfway agree with them.

Notice I said "halfway." Their position in many ways reminds me of Hebert Hoover's at the beginning of the Great Depression. He believed in saving-- personal and governmental--instead of putting money into the economy. That actually took more money out of circulation and deepend the depression. The tent cities that sprung up when people lost their homes were called "Hoovervilles."

While I'm for trying a huge economic stimulus along the lines of FDR's, I am against the way it has been done so far. Although the automakers have been subjected to rigorous oversight for their comparatively meagre bailout(the CEO's have given up their corporate jets and agreed to work for $1 a year), the same cannot be said for the banks and AIG, who have received a much bigger slice of the pie. They have received virtually no oversight, their CEO's are still making millions and AIG is even paying its shareholders. That's just a continuation of the Bush policy of letting Wall Street do anything it likes.

So what we have with the Wall Street bailout is in effect private profits and socialized losses. It's a win-win situation for Wall Street but only a "maybe this will work" for Main Street. It's not real socialism but it's not pure capitalism either. It's the worst of both.

At least this is something I can have an honest debate with conservatives about.
Pages: <<  1    2  >>    ^^TOP^^



While we were Distracted with Gay Marriage news This happend today
  Posted 17 days ago with 81 member flags
People are marching in the streets all over Quebec
  Posted 2 days ago with 69 member flags
Breaking: Ron Paul to end active campaigning - cnn
  Posted 13 days ago with 26 member flags
President Obama Affirms His Support for Same Sex Marriage
  Posted 18 days ago with 24 member flags
Anon has released 1.7 GB of files....
  Posted 5 days ago with 24 member flags