Member Comments

• Posted By: sinfulx2 @ 10/22/2008 1:14:03 PM

  Comment: What party was in office for the last 8 years? After being warned about Fannie and Freddie, what exactly did Henry Paulson do when he first stepped into office as Treasury Secretary?

• Posted By: sinfulx2 @ 10/22/2008 1:09:41 PM

  Comment: Regardless whether Americans have money to spend, it would not ease the fundamental problem of the economy. Many Americans have stakes in these companies, either invested in these markets or hold jobs in those professions. Many Americans have retirement invested in companies that depend on the flow of money. No one wants to approve this historic bailout, but business would fail without it. Banks are reluctant to lend to each other. Considering that our country thrives off credit, "freeing" up the credit market is the first step to mend the problem. People should look at every aspect in the economy. I am a Finance major and the system is a lot more intricate than most people know.

• Posted By: s_adair @ 10/21/2008 11:44:49 AM

  Comment: Capitalism requires consumers. Under current political guidance -- tax incentives to ship jobs overseas, the collection of wealth in the hands of the few and deregulation to the point of corruption. From Obama's website and speeches, he doesn't want socialism -- but he does want a fair shake for the workers. Why should CEO's make hundreds times more than the workers. Was the CEO of Bear Stearns really worth a half a billion dollars? Why should the top 1% see double digit increases in their standard of living while the other 99% see 1% gains or less. That is not socialism people. That is fairness. Since when does wanting jobs for Americans count as socialism? All Obama wants to do is roll back the tax breaks that Bush put into place. Can you really say we're in a better place economically with Bush's tactics (or did you not notice that the debt clock ran out of digits?)