The Captain of the Street

How do I feel about this bailout plan? Frustrated! A few years back I watched people left and right take on mortgages that they had no business taking on.. that were beyond their financial reach and I stood back and showed some restraint. I continued to save my money and for what? Now my tax dollars are supposed to save the home owners that shouldn't have purchased so much in the first place and the greedy banks that gave them money without consideration that they would not be able to pay? And still I am the one that gets nothing out of this deal! Houses have gone down but the interest rates make it near impossible to buy and now they are saying that the rates MAY go down but that house prices will go back up! The only thing they are offering people like me that were financially responsible is a 7,500 LOAN.. no special tax break or bailout of anything. And since I have chosen to dedicate my life to improving the health and welfare of the community through a career in public health I may also find myself without a job as a result of this massive bail out. I wonder... will anyone be there to help me if that happens?

Well, I suppose this is what we can expect from a man who couldn't run a baseball team. Bush managed to mis-manage every business he was involved with - why did we think he would run the country any differently? Like the Louis's of pre-revolutionary France, bankrupting their country to finance the American revolution, Bush has rolled his dice on the Iraq war - and will bankrupt us in the process.

And why should Congress be unhappy about being left out of the loop - when they were in the loop they did nothing but argue and dither. So much of this was predictable and avoidable, but several congresses worked very hard to do nothing.

That said, it would seem the New Millenium has truly arrived: Russia has a captialist economy, complete with rampant organized crime, and the United States has a socialist economy, complete with control or ownership the stock market and banks. Can government control of oil and energy be far behind?

Funny how the circle is now complete: Russia, tired of the excesses of socialism run amuck, sloth and envy, decided to try capitalism. America, tired of the excesses of capitalism run amuck, greed and gluttony, is going to try socialism.

Buckle your seat belts, folks, it's going to be a helluva ride.

The weblink to this article is, ???How Paulson became the new face of Capitalism.??? I think you mean Socialism. It is the conservative???s ???counterfeit??? version of Capitalism that has gotten us into this mess. When their policies fail, as they must, the blame is laid at the feet of the ???free-market??? that never was and the claimed solution is yet more regulation. If we had an openly socialist government, at least the blame for a collapse would be properly attributed to decades of interference by government in mortgage industry.

The weblink to this article is, ???How Paulson became the new face of Capitalism.??? I think you mean Socialism. It is the conservative???s ???counterfeit??? version of Capitalism that has gotten us into this mess. When their policies fail, as they must, the blame is laid at the feet of the ???free-market??? that never was. If we had an openly socialist government, at least the blame for a collapse would be properly attributed to decades of interference by government in mortgage industry.

n a few weeks we will make a choice that will decide our future.
I follow a economist named bob proctor who has called the top and bottom of every market crash since the 70s correctly.
He perfectly predicted the current real estate market meltdown ,and the picture he paints about what will happen in the next couple years
Is terrifying. He thinks it could get worse then the great depression.
Banks in the US are going under one after the other. Country wide the largest morgage bank in the world
Bear Stearns and Lehman brothers , and Merrill Lynch which are 3 out of the top 5 wall street firms.
And now Fanny and Freddy which hold 50 percent of the home loans in the United States.
The goverment took them over because they are essentially bankrupt.
If they didn't the entire financially system would virtually shut down, the stock market would crash
And we would suffer beyond what any of us have seen before
The future of these companies will fall into the hands of our next president
Bush just like Mcain doesn't understand the economy.
That not just my opinion its his own words. Not only does he not understand how to fix it
He does not understand exactly what is broken. Its no surprise that he doesnt. The people that make up these
securities use complex math models very few people understand.
Bush and mccain both can take the credit for this mess since they helped deregulate the laws that were protecting us.

Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks take risks with all of our future.
Now Phil Graham is the head of mccains economic policy ,and mccain wants to make him the next secretary of the treasury.
No one in this country can afford for that to happen. The last time bush met with his economic advisors was in march. He either didnt realize or didnt care that anything was wrong. Phil Graham had the guts to say we are in a mental recession after he helped create the worst economy in our lifetime.
It will take the best and brightest minds in the world to get us out of this nightmare. As bad as bush has done mccain would be
incredibly worse because things are in much worse shape. The next president will not inherit a surplus like bush did but a tanking economy and a 11,600,000,000,000 deficit. Most of which happened under the last 8 years.
So why are the polls even close then ?
The chairman of mcains campaign recently said that people don't vote on issues
they vote on a personality composite which means. He is trying to sell personality instead of results.He believes people will vote against there own self interests.
Lets teach him we are smarter then that and elect the ticket that can
bring us back from the brink of a economic abyss.Mcain admits in the year 2008 he cannot use a computer even to send email.It impossible then that he understands how to help us. its time to wake up now while it will still help

America is now officially a Communist country. The federal government and the state governments own the majority of land in the US, and now the federal government under Bush has nationalized our housing stock and the stock market. A brilliant coup for communism from our first stealth commie president Bush and his fatcat oligarch supporters. Americans you have all been had by your own government..

DID WE HAVE A RIGHT TO EXPECT ANYTHING ELSE FROM THIS PRESIDENT? Bush had a known track record before he took office of having run into the ground every business he had been involved in, and this was brought out clearly in the elections of 2000. With him at the helm of our countrys economy, he has managed to do the same: homeowners losing their homes, the dollar in the tank abroad, the insurance and banking industries awash in bankruptcies, the price of gasoline at staggering levels, 4 billion dollars a month thrown down the toilet in Iraq, etc. McCain did get it right a while back when he said, ??????to prosecute two wars, while handing out immense tax cuts to the wealthy at the same time, is immoral". But even having said that, McCain has supported Bushs economic blunders 95% of the time! Go figure!

Paulson is the wrong man at the wrong time and he is the new face of fascism not capitalism. Under capitalism and the free market businesses are allowed to fail, they are punished for their stupidity. In fascist America though the more stupid and reckless a corporation is the more it is rewarded with free taxpayer money!

None of what he is doing will work. it only postpones the inevitable and will make it worse when it happens. The depression has already begun and this time America will come out the other side a third world banana republic. YOU DO NOT CREATE WEALTH BY BORROWING MONEY!!! DEBT IS NOT WEALTH.

There is only one path for America to regain itself, abolish the unconstitutional Federal Reserve, return to a gold back currency, end fractional reserve banking, end military Keynesian by reducing the military budget by 95%, break up all major corporations and severely restrict them while removing taxes and restrictions on small business, tax wealth not work.

None of this will happen. The financiers at the Fed own both political parties and they are profiting big time off of all this by robbing working people blind. Paulson is one of them. They are laughing at all of you.

Ah, the right man at the right time to clean up the mess made by all the wrong men and women at the wrong time, who for eight years treated the nation to economic rapacity. Eight years of stupidity, a stupid war, and finally treated well by only one decent man. The country thanks you. What a political party.

Whines are for all. God's whiners are all equal under the sun, the high and the low, the rich and the poor, the mighty and the weak. When it comes to whines, he who accuses one of whining will whine next week. Eat it, Phil Gramm. Next time, think before you blab. When billionaires see financial disaster looming, they whine just like "the American public". "Help me, please help me. My billions are shrinking to millions". Whine. Whine.

We could be in for some very troubling times. Contrary to some people's opinion, our economy is the life blood of this country. This is what we get for putting dummys in charge. You Republicans out there, make your damn party nominate smart candidates with common sense. For God sakes. Can't you figure out that trickle down, nonregulated economies don't work. How many recessions and fiascos do we have to go through? Instead of taking responsibility and maybe rethinking this bankrupt idealogy, they make excuses and point fingers or call it a "100 year flood" economic event. The wells only so deep folks and we're starting to see the bottom.