For general discussion and debate. Possible talking point: will the just-passed bailout bill avert the looming financial meltdown?
I hate being so serious on a Saturday, but Friday's stock market reaction to the bailout passing the House did not evoke confidence. Those that are watching the credit markets know that there just is no major lending going on right now between financial institutions as no one seems to trust claims made by either borrowers or lenders.
On Friday, Gov. Schwarzenegger asked the Fed for $7 billion because California can't borrow the funds it needs to meet its obligations until state personal income and property taxes begin to flow in. This likely will start being a problem in other states as well as counties, cities, towns, and municipalities across the fruited plain.
With this in mind, is the bailout a bandaid on a severed artery, and things are going to get much worse before they get better? Is this all spiraling into a total, global financial meltdown leading to a massive depression? Is there anything that can be done? And, for the libertarians that have been saying that government should do nothing to assist these financial institutions, should all states, cities, towns, municipalities, and companies that rely on short-term financing to manage their accounts payable be also allowed to go bankrupt due to the malfeasance and stupidity of those responsible for this financial meltdown? If inaction is desirable to teach Wall Street a lesson, what is being taught to all the entities and individuals that have played by the rules and done absolutely nothing wrong but are going to suffer as a result of the actions of a few?
Comments Policy
You are correct NS
October 4, 2008 - 09:24 ET by BlondeWhen you call this bailout "a bandaid on a severed artery". And you are correct again when you say this is a depressing topic for a lovely morning.
But your question is exactly to the point. As for the local governmental entities...consider this. In the run-up of the housing market, property values (and therefore assessments) soared. Here locally, IIRC, the revenues increased for the county share of property taxes by about $1.5B in four years. Which, of course, was spent like a drunken sailor on new programs, etc.
So this is a double edged sword that inflicted the arterial wound.
It's going to get very, very ugly.
David Gregory, do you know which damn network you lie for? ~ Uncle Jimbo, @Blackfive
hey blonde -- as you know my
October 4, 2008 - 09:30 ET by Jack Bauerhey blonde -- as you know my cousin bought a new development apartment as a rental investment near you last year, so what can he look forward to in local taxes?
Depends, Jack
October 4, 2008 - 09:45 ET by BlondeFlorida just passed a law protecting "equity" and making it portable. But that's for owners who are occupying, not investing.
I'd imagine many states are the same way, affording owner occupied properties a homestead exemption of some sort.
Sorry...really can't say, but rental investments are tricky.
David Gregory, do you know which damn network you lie for? ~ Uncle Jimbo, @Blackfive
Franks and Fannie
October 4, 2008 - 09:49 ET by well99http://www.foxnews.com/story/0,2933,432501,00.html
Some might find this interesting.It is from the 90s but Barney Franks and "spouse" should be question on it.
Need a discount on your morgage talk to Dodd and Conrad maybe they can help.
http://www.portfolio.com/news-markets/top-5/2008/06/12/Countrywide-Loan-Scandal
----
October 4, 2008 - 14:02 ET by dahliatraversOr Rangel for interest-free mortgages.
Yup lol
October 4, 2008 - 18:04 ET by well99Rangel will help with taxes too.
LOL w99... That was a
October 4, 2008 - 18:14 ET by bigtimerLOL w99...
That was a good one...
Seems nobody on our side of the aisle has decided to make this a big issue msm wise, therefore political pressure on what happens to him in congress, let alone later ...
I give up ...
"America isn't the problem...America is the solution." ~ Rush Limbaugh
"Moral" meltdown
October 4, 2008 - 09:48 ET by iveseenitallThe financial meltdown is just a sympton of the a greater one: the moral meltdown of America. If we go under, it will be the result of a moral collapse, the likes of which have destroyed many a nation throughout history. Trust is now gone. Lies are accepted as commomplace. We, not too long ago, threw up our hands in the belief that nothing could be done to stop the lack of discipline in so many aspects of life in America. The "liberals" convinced millions of people that nothing was worth fighting for and that "morality" was a myth for the few "suckers" in the world. Ironically, it was in the name of "freedom" that political correctness took hold and destroyed the truth. And until we return to seeking the truth, we will keep sliding to toward the nadir. Look to your children and weep.
Never,Never trust a "liberal"
. . . . the moral meltdown
October 4, 2008 - 10:39 ET by DontFeedTheTrolls. . . . the moral meltdown of America.
Ya got that right:
I could (sadly) go on.
D
Keep the ILLEGALS out, join NumbersUSA to send free faxes to your reps.
I think that the real
October 4, 2008 - 12:53 ET by BDI think that the real problem is that Liberalism demands to live lives without consequense.
Wanna work as a performance artist downtown boston where you spin basketballs decorated with pictures of Bush, Cheney etc? Normal consequense says you are gonna be poor and live a tough life. But liberalism seeks to insulate idiots who make such decisions from the consequense of these decisions by giving them grants, welfare, medical coverage etc.
Wanna have lots of unprotected sex with numerous men who you barely know? THat is okay, Liberalism dictates that any life created by these bad decisions can be murdered to protect you from this consequense. ALso, if you get HIV from these actions, liberalism dictates that your friends and neighbors pay for your expensive medication.
Wanna take lots of mind altering drugs and become a wastoid? Normal consequense is that you swiftly become a loser and are ostracized from society. Liberalism seeks to prevent this by providing welfare and social rehabilitation in all forms to these losers.
Although I was against the
October 4, 2008 - 09:46 ET by Captain RepusAlthough I was against the bailout plan initially, I am even more disgusted with the final result, bailout II which is bailout I on steroids.
Hey, John Keating5 McCain, what happened to your 'make them famous' idea on pork barrell legislation? You could have gained a lot of ground if you had gone against the bill and NAMED THE IDIOTS who got the $150 billion of pork added to the already horrible bill.
All of our retirement plans have already tanked, so I think we should have killed the bailout bill and gone ahead and continued to take the rest of our medicine now instead of bailing out the hedge fund crooks and straddling my kids with the bill.
My suggestion is to vote out of office every single member of congress, D and R next month and peel off all 100 senators 1/3 at a time. At the presidential level we have no choice but to elect one of these two morons, the communist or captain senility, so my suggestion is to just not vote for either and give the winner a message of zero support by the citizens.
Off topic but check this
October 4, 2008 - 09:47 ET by TheAssessorOff topic but check this link to http://www.ibdeditorials.com 'Welcome to Camp Obama' ... wish BO'R, Sean, and Rush would pick up on it. Rename it Camps for Psychopaths..
"I have a bracelet too" ..Barak Obama, Political Sociopath
Well maybe Sean could go
October 4, 2008 - 09:59 ET by well99http://my.barackobama.com/page/s/campobamail
Scary.Here is the Camp with videos.
http://campobama.blogspot.com/
It's so sad to see
October 4, 2008 - 10:23 ET by TheAssessorThanks for the link. It's so sad to see them doing this to our children
..Barak Obama, Toxic Drip
It is sad.I will never
October 4, 2008 - 11:06 ET by well99It is sad.I will never understand it.
Is this the result?
October 4, 2008 - 10:36 ET by tazzCan't wait to see this on CNN http://www.youtube.c...
And on
October 4, 2008 - 10:47 ET by TheAssessorAnd on and on it goes, drip, drip, drip..eating away at the integrity and fabric of a moral society
Barak Obama, Political Sociopath - Toxic Drip
And the really scary thing
October 4, 2008 - 11:51 ET by motherbeltAnd the really scary thing is that he has almost unlimited money to implement all this.
Obama said he would take public funding if McCain did. Then he backed out, and blamed McCain!!
“It’s not an easy decision, and especially because I support a robust system of public financing of elections,” Obama said.
<insert hysterical laughter>
“But the public financing of presidential elections as it exists today is broken, and we face opponents who’ve become masters at gaming this broken system.”
Well what the hell is this, if it's not a broken campaign system? He buys a TV channel, he organizes his own version of the Hitler Youth, etc.
Is this the "new kind of politics" he is preaching?
He talked about having a "Citizen Army"...well here is the beginning of
it. Who knows what "use" he will put his "campers" to when he is
President?
Don't look for the MSM to expose anything, and it will just get worse if he's elected. The love affair that media have with him and the lengths they will go to to cover up for him and protect him will make their infatuation with Clinton look like the Hatfield/McCoy feud!
Like 32 years ago . . .
October 4, 2008 - 09:48 ET by Gat New YorkThis needed to be done because it was caused by government recklessness with the banking system and mortgages - no reforms were put in place to reign in fannie and freddie. This will bring some confidence back into credit markets so we don't fall immediately into a major recession with failing businesses.
But it is only a band-aid.
The bigger concern should be will we be taking what is still now a normal economic downturn and turn it into what Jimmy Carter did to that.
Because of the first oil crisis in '74 we had unprecendented inflation but that came way down a year later. Carter took over and reversed that. Under Jimmy Carter inflation rose from about 5% to 11% and normal interest rates were as high as 16%-18%. The combination of those, a prolonged recession and no job growth was called Stagflation.
Democratic Party and Obama policies could take this manageable downturn and make it far worse by raising income taxes and capital gains taxes at a time when both should be reduced to stimulate consumer spending and investment for job creation.
This is as it was in 1976-80 a now crisis of confidence. During his administration Carter showed no leadership and was trying to have the federal government micro-manage the economy rather than allowing free market stimulus to reboot the economy.
If Obama is elected we will be in for a very tough 4 years.
Need to restore credit?
October 4, 2008 - 09:50 ET by KC BeachI actually heard one of the Congressional Democrat mental midgets yesterday say that now that they passed the bailout bill people would be able to get a loan to pay their bills. Seems to me that is what got us into this situation.
Common Sense, KC
October 4, 2008 - 10:13 ET by iveseenitallPlease don't confuse people with so much common sense, KC. Many Americans can't handle it.
NEVER,NEVER traust a "liberal"
Bailout, my ar$e.
October 4, 2008 - 10:23 ET by R D HelmGeez, now I know how Churchill felt in the 1930's. Its lonely in the wilderness.
This was not a bailout. This was the government assuming control of our economic system, control that I do not believe will ever be relinquished.
The bailout bill also gives the Internal Revenue Service new authority
to conduct undercover operations. It would immunize the IRS from a
passel of federal laws, including permitting IRS agents to run
businesses for an extended sting operation, to open their own personal
bank accounts with U.S. tax dollars, and so on.
Anybody want to tell me again why the FairTax is, I mean, was such a bad idea?
Thanks to an entire herd of RINOs, Henry Paulson, a D E M O C R A T, is now the Dollar Dictator. God only knows what this clown is going to do with his unprecedented "authority."
Scared yet?
The next several months are going to be most interesting.
-Dave
If this nation is to be saved, it will be libertarian principles that save it.
If you have to call your idea "fair"...
October 5, 2008 - 20:00 ET by UnsaneAnybody want to tell me again why the FairTax is, I mean, was such a bad idea? One, because if you have to call your proposal, ANY proposal, "fair", there is a 99.99999999999999% chance that it is anything BUT "fair".
"Fair" is relative. If we could all stop using that word in any political discussion we'd all be better served because of it.
That, and I find the idea of paying 31+% (I am including TX sales tax) on goods and services I buy abhorrent, and if I am confronted with that, I react by slamming my wallet shut. So will milions of others. The only reason to impose a consumption tax is to cut down or discourage consumption. That's not a good idea in an economy where the consumer is king.
Gimmee the Forbes tax plan from 1996 any day.
Whoever casts a vote for Obama-Biden is nothing more than a common thief. Whoever fails to vote against them is nothing more than a moral coward.
Palin/Jindal 09
October 4, 2008 - 10:00 ET by Paul GNuff said...
California
October 4, 2008 - 10:01 ET by BKeyserI think the Gov oughta ask some of his fellow "patriotic" hollywood friends to help contribute to the cash flow crisis they've got going over there. Anyone question how a state with so many well off residents (as of 2006, Ca. ranks 12th in the nation in per capita income-which is pretty amazing given the vast number of poor that the state shelters) could be overspending so drastically? Maybe, just maybe, they coddle to a large number of illegals?... Maybe the state coffers are misspent?... Maybe I don't want to contribute from my perch on the other coast... Maybe actors shouldn't go on strike... Maybe it costs too much to be a sanctuary city... Maybe their representatives in Congress aren't doing their jobs for their constituants... Just hard to believe RHINO Arnie is asking the rest of us for help to BAIL OUT CALIFORNIA????!!!!
Sorry, no thanks.
Impossible Promises
October 4, 2008 - 10:17 ET by billbLook at all the major companies ie: GM,etc that made impossible promises to the unions. They're all going in the tank and looking for bailouts. California, the bluest of blue states is bankrupt as areNJ,NY. Most blue states are in trouble. Not to worry, the promises that they made to teachers,firemen,garbage collectors WILL be kept! They'll just raise taxes and collect from you and me. Your local tax collector is responsible for much of the real estate meltdown in the first place. They couldn't wait to extort more taxes from the this windfall. I feel strongley that many people being foreclosed on now are the victims of their local taxes. My home is down 15%. In January my taxes will be increased to pay for cost of living increases of the afore mentioned "public servants!" Now California has figured out how to get bailed out not from their own residents, but by everyone in the country!
George Soros
October 4, 2008 - 10:20 ET by iveseenitallGeorge Soros stuck his ugly head out for a few days to see how the weather is. Then he crawled back into his hole. He is the guy behind this government takeover of our once "free" markets. If Barry is elected, watch for him to surface and begin to "change" America. Beware.
NEVER,NEVER trust a "liberal"
I understand he threw a
October 4, 2008 - 10:31 ET by Clear thinkerI understand he threw a huge party last night. Everyone got very drunk very fast because of all the toasting that was done to the name of Marx.
Liberals Annoyed at Sarah Being Annoyed
Making Fun of AGW http://giovanniworld.wordpress.com/
A chance to decriminalize prostitution in San Francisco
October 4, 2008 - 10:20 ET by shawn228I live outside of San Francisco so I cannot vote but wish I could. There will be a chance to vote to decriminalize prostitution in San Francisco
Unfortunately there is little chance of it passing even in a liberal city like SF. They are very gay friendly but the consider prostitution sexist, God forbid
If it were up to me, I would legalize it and tax the heck out of it and use that money to get Cali out of its financial hole.
Real life video games are cool
shawn, LOL, I hate to tell ya, but California is too far gone...
October 4, 2008 - 10:26 ET by R D Helm...even for that.
But hey, glad to see you are such a civic-minded resident. :-)
-Dave
If this nation is to be saved, it will be libertarian principles that save it.
LMAO Dave,
October 4, 2008 - 10:43 ET by shawn228......I would legalize and tax pot as well, see I'm always looking out for others :-)
I also 95 percent agree with your new tagline. Only 95 percent because of that minor medical thang ;-)
Real life video games are cool
The United States of Holland
October 4, 2008 - 21:58 ET by UnsaneYou would turn the United States into the Netherlands and thus make it a new member of my world-famous Going Nowhere Club. The world would blow us by, but hey, at least we get to internally rot and encourage crime and the treatment of women as property and objects. Not to mention make people's very lives fit into our schedules for our CONVENIENCE...
Whoever casts a vote for Obama-Biden is nothing more than a common thief. Whoever fails to vote against them is nothing more than a moral coward.
California is too far gone...
October 4, 2008 - 11:26 ET by JDWCorrect, CA must legalize lower taxes, less spending, and no illegals. Then they can work their way down the ladder to scraps such as red light districts.
JDW
DAILY WAVE
'Hey Chuck, Stand Up!'
Illegals are already too entrenched in the state.
October 4, 2008 - 12:51 ET by bloolooThey aren't going anywhere. Stopping them from coming here is nearly impossible. Even the mayor of LA is for open borders. East LA has a population that is 96% hispanic. ER's in California hospitals are closing daily due to lack of payment by illegals. Schools are overcrowded with their children (who, btw, get free lunches, tuition, day-care, etc...). The average drain on the Calif. economy is over $1 Billion a year (and they ain't all here to pick tomatoes and mow our lawns!).
"I might be movin' to Montana soon..." - FZ
blooloo, maybe we could sell California to Mexico!
October 4, 2008 - 12:53 ET by R D HelmLOL-I bet most residents wouldn't even notice a difference.
-I'm just kidding, shawn. :-)
-Dave
If this nation is to be saved, it will be libertarian principles that save it.
Most Americans
October 4, 2008 - 13:13 ET by JDWAre not bi-lingo
JDW
DAILY WAVE
'Hey Chuck, Stand Up!'
what we oughta do...
October 4, 2008 - 13:33 ET by blooloo...is annex Mexico; make it a possession like Puerto Rico. It would give us access to a lot of resources (and sorta pay us back for what the 'illegals' have taken from us already). I wouldn't mind them eliminating the border if I was able to buy property in Mexico (you can't unless you are a Mex. citizen). If it was a 2 way street, so to speak, I could see buying some beachfront property down near Belize/Cancun and retiring in the sunshine while sipping margaritas. But, that ain't ever gonna happen! Besides, the corruption in their government makes our congress look like a bunch of school girls! (But, can you imagine what our congress would do if they had a chance to get their hands on Mexico? It boggles the mind!)
shawn -- most prostitution
October 4, 2008 - 10:43 ET by Jack Bauershawn -- most prostitution is controlled by vicious violent gangs who take poor abused girls/women, addict them to drugs, and use repeated violence to cower them into an inhuman trade.
Legalizing prostitution will not change this degenerate trafficking and the destruction of the very spark of life that makes us human.
Just go to any country where prositution is either legal, or the authorities simply turn a blind eye.
The trouble is, many people seem to think prostitution is all Pretty Woman, fancy call girls taking $500 a trick; when for most of its pathetic young victims, it's more like Taken, the movie starring Liam Neeson.
legalize prostitution
October 4, 2008 - 10:52 ET by shawn228I agree with you Jack, Prostitution is not a victimless crime but it could be. If fully legalized and run by the government, we can take the pimps out of it and the girls/guys that are doing it, can be in a safe environment and will not be as scared to go to the authorities because it is no longer illegal.
If the government took about 20 percent of the profits, it could help get Cali out of its financial hole "figuratvely speaking ;-)"
Real life video games are cool
shawn, if the voters grow a brain and throw Barney out...
October 4, 2008 - 11:37 ET by R D Helm...maybe you guys can convince to come out to California and run the government-prostitution operation.
LOL-After all, he has prior experience.
-Dave
If this nation is to be saved, it will be libertarian principles that save it.
Geez Dave
October 4, 2008 - 11:41 ET by shawn228Don't you realize that if this were to decriminalize gay prostitution, it would pass easily, but we are talking about mostlyfemales here, so it is obviously sexist ;-)
Real life video games are cool
shawn,
October 4, 2008 - 11:57 ET by R D HelmRight now, I am just trying to figure out how I am going to make my $230 car payment on the 12th. I don't have it.
I got canned on Wednesday in such a way that I doubt I can even qualify for unemployment, and all three of my credit cards are maxed out.
What is more, my last paycheck, should I even get one, will be around $50. Maybe.
Forked is me.
-Dave
If this nation is to be saved, it will be libertarian principles that save it.
Aw crap Dave
October 4, 2008 - 12:01 ET by shawn228I'm sorry to hear that. The auto business is in a serious downturn right now, hopefully it will pick up again.
If you can find the capital, you should open up your own restaurant. I think you would be awesome at that.
Real life video games are cool
Yeah, shawn, that was what I said, kind of. :-)
October 4, 2008 - 12:25 ET by R D HelmThe really bad thing about all this is that I was just beginning to get back into some semblance of normality after getting laid-off twice in 2002 and getting driven out of the LS bizz last summer.
What is worse, the job market around here is virtually non-existent right now.
-Dave
If this nation is to be saved, it will be libertarian principles that save it.
LOL!
October 4, 2008 - 12:02 ET by Copperhead Ridge"financial hole."
Interesting choice of words considering the topic, especially to a Southerner because we soften that ending "l" sound.
Karl Marx must be very
October 4, 2008 - 10:28 ET by Clear thinkerKarl Marx must be very happy today. I understand that all statues of Marx across Russia have suddenly gotten a huge grin on the face.
Liberals Annoyed at Sarah Being Annoyed
Making Fun of AGW http://giovanniworld.wordpress.com/
OS
October 4, 2008 - 11:18 ET by JDWAnyone use Linux?
JDW
DAILY WAVE
'Hey Chuck, Stand Up!'
will it renew the illegal immigration debate?
October 4, 2008 - 11:22 ET by mom_roxPresumably 24/7 cable news will now focus more on California's financial situation. Perhaps someone will connect the dots and discuss the illegal immigration impact on the state's finances.
Maybe, that will put illegal immigration back on the national scene.
regarding Barack Obama's tax plan - I never received a job from a poor person.
Ha mom!
October 4, 2008 - 11:32 ET by BlondeI just put in my two cents...I got polled and picked illegal immigration as my main issue just to throw a kink into their data. They were pushing "payback" for this mess we're in.
Excellent point.
David Gregory, do you know which damn network you lie for? ~ Uncle Jimbo, @Blackfive
Stop 2
October 4, 2008 - 11:32 ET by JDWFor Palin after Michigan.
I never received a job from a poor person. ... Very good
JDW
DAILY WAVE
'Hey Chuck, Stand Up!'
mom,
October 4, 2008 - 12:11 ET by R D HelmI would like to find out just exactly what percentage of mortgages that are in the tank are held by illegals.
I bet it is a considerable percentage.
Bet it doesn't get reported, either.
-Dave
If this nation is to be saved, it will be libertarian principles that save it.
R.D.
October 4, 2008 - 13:00 ET by bloolooOn the local radio show with Roger Hedgecock (former mayor of San Diego) he's been claiming that in congressman Tom Tancredo's district alone there are 10,000 foreclosures attributed to illegals walking away from their homes. I don't know how many are here in So.Cal., but, if you drive through some neighborhoods in the poorer parts of San Diego you'll see 1 out of 3 or 4 houses are empty/vacant/abandoned...
CA Pinheads
October 4, 2008 - 13:29 ET by JDWMust initiate ordinances which prohibit landlords/realtors from renting/selling to illegals
JDW
DAILY WAVE
'Hey Chuck, Stand Up!'
They tried that locally...
October 4, 2008 - 13:41 ET by blooloo...and the ACLU and others came out of the wood work claiming it was racist, etc., etc. Frankly, I'd love to see it happen, but, I doubt it ever will. Here's the story...
"I might be movin' to Montana soon..." - FZ
Racist
October 4, 2008 - 14:24 ET by JDWThe illegals are illegal... no rights! How is that racist?
Anyone with half a brain realizes the connection with terrorists.
JDW
DAILY WAVE
'Hey Chuck, Stand Up!'
blooloo,
October 4, 2008 - 22:08 ET by R D HelmThat is what I figured.
Wow, 10,000 homes in one district! No wonder home values are plummeting.
Sadly, I only get to hear Roger's show when he fills in for Rush. He does a good show.
-Dave
If this nation is to be saved, it will be libertarian principles that save it.
I can't wait for the next epsode of NewsBusted.
October 4, 2008 - 11:33 ET by R D HelmEvery time I scroll to the top of a page in here, I see that creepy Paulson guy glaring at me. :-O
-Dave
If this nation is to be saved, it will be libertarian principles that save it.
I remember sitting in my
October 4, 2008 - 11:41 ET by Paul GI remember sitting in my lounge chair in '92 listening to Rush...He was saying "dont listen to the polls".."alls not lost"..."Republicans are gonna win".... "there's alot of you(us) out there...
Republicans didnt win...All WAS lost...and becuz of Rush, I didnt listen to the polls... FF to '08 What's he saying? Now don't get me wrong..I'm a 100% Rush fan..And thank God for him I havent slashed my throat..... yet. BUT, even after his monolouge on thursday, I feel like a passenger on the Titanic...sink with the ship, or jump.
We can put or heads in the sand, and I know I'm the 'downer' on this site but, like DFTT said,
I might as well murder someone and have FREE healthcare, FREE housing, Free dental. Free meals, and FREE gym membership. AND...not have to work another day in my life.
Although I would have to give up cigs.
btw, I'm from Chicago and I have this attitude because I'm used to saying "wait till next year"
PATRIOTIC
October 4, 2008 - 11:48 ET by billbAccording to Biden, we must be patriotic and bail out California! Wait a minute...did he say patriotic or idiotic?
VOTE EVERY D&R OUT THAT VOTED FOR THIS!
California needs your help
October 4, 2008 - 12:08 ET by RHRobinsonMDNow, now, BKeyser let me explain this to you:
As a Californian *hides*, I must stand up for our Governator and his Liberal policies. We can't be expected to pay our own way given the huge disadvantages we face with our poor climate, natural resources that if tapped would destroy the planet, center of a struggling entertainment industry (No one wants to pay to see our crap) and high tech industries (relocating at an accelerating pace to other less enlightened states). Those of you away from the left coast don't appreciate how much state money goes to care for and protect our massive illegal immigrant "guests". It ain't cheap to take the high moral ground and be a de facto sanctuary state, but we can do it with YOUR help.
We led the way passing a bond measure that devotes $3 billion to human embryonic stem-cell experiments (which BushHitler wouldn't do) and comprises the biggest-ever state-supported scientific- giveaway- research program in the country (at least until we did that whole Global Warming thingy - THAT'S gonna hurt us). That was money we just didn't have so we had to borrow it. I don't know if you have tried borrowing money lately, but turns out it ain't cheap.
Keep in mind that we are leading all you other wuss states in the Long March to conquer Global Warming by destroying most of our indigenous industry and business and driving the rest out of state. You should kiss our feet.
Our cities spend millions on tree sitters that leads to many reactionary taxpayers being disgruntled and taking it out on the Dear Leaders. This is dangerous, and could lead to voter revolt (unless you bail us out)
.
Our state has the most business unfriendly climate in this great nation with our Patriotic high taxes and "comsumer friendly" massive red tape and regulation. This has unfortunately led to us being somewhat financially embarassed. Temporarily. Just this once. Sort of.
TANSTAAFL (There Ain't No Such Thing As A Free Lunch) - Robert Heinlein, "The Moon Is A Harsh Mistress"
First, what is it you want us to pay taxes for? Tell me what I get and perhaps I'll buy it. - Robert Heinlein
Dr. Robinson
October 4, 2008 - 12:42 ET by BlondeSo if I'm reading this correctly, you have the most brilliant politicians in the country, yes? Nay...on the planet! Like Ahnold, Diane Feinstein, Nanny Pelosi, Barbara Boxer, et al?
They should be able to help you out of that mess you all have going on out there. Once they fix it there, maybe they can fix it for the rest of the country. Oops...looks like they're well on their way to doing just that after this week, doesn't it?
The stupidity of it all makes me want to pull my hair or somesuch. Other than that, I can't think of anything else to do except vote the clowns out.
Heinlein's been around here alot this week, BTW.
David Gregory, do you know which damn network you lie for? ~ Uncle Jimbo, @Blackfive
Vote out?
October 4, 2008 - 13:34 ET by RHRobinsonMDEvery member of the House of Representatives is up for reelection next month. They should ALL be voted out - en bloc.
Even in my district which is a safe (D) seat for Rep. Cardoza (who replaced Rep. Condit after some kerfluffle about a missing & later dead intern) he is running unopposed & should be voted out just leaving the seat vacant.
Throw the bastards out.
“Who am I? I am under 45 years old, I love the outdoors, I hunt and fish, I am a republican reformer, I have taken on the Republican Party establishment, I have many children, I have a spot on the national ticket as vice president with less than two years in the governor’s office, have you heard of me before now? The answer I am Teddy Roosevelt.
Bite Your Lip
October 4, 2008 - 13:35 ET by JDWAnd resolve the problem with the same old repartee, spending!
JDW
DAILY WAVE
'Hey Chuck, Stand Up!'
Better late than never!
October 4, 2008 - 12:16 ET by RackieAlthough late to the party, campaign experts and policy advisors are being brought in.
LOL Rackie,
October 4, 2008 - 12:28 ET by R D HelmHell, they couldn't do any worse than the campaign rocket-scientists McPork already has.
-Dave
If this nation is to be saved, it will be libertarian principles that save it.
If you like Govt. Regulated FHA, You will love Govt. Health care
October 4, 2008 - 12:31 ET by JayTeeHow can Obamarama talk about Government provided/fix for health Care, when we just witnessed the results of Government Regulated Mortgage Industry going Bankrupt ?
Can we Afford another Government regulated industry ?
The Republican Revolution will not be Televised
JayTee
October 4, 2008 - 12:44 ET by BlondeThat's the most cogent statement I've ever heard about government provided health care.
Maybe McCain will use it in his next debate.....although he's gone nuts lately, who knows?
David Gregory, do you know which damn network you lie for? ~ Uncle Jimbo, @Blackfive
JayTee,
October 4, 2008 - 13:02 ET by R D HelmGiven the debacle that took place yesterday, surely the American people aren't stupid enough to hand control of our healthcare system to those same incompetent boobs.
Are they?
-Dave
If this nation is to be saved, it will be libertarian principles that save it.
RD - I saw BHO on TV today talking it up, and gettin applause
October 4, 2008 - 13:18 ET by JayTeeI don't know who is more Ignorant, BHO or the people that show up in person to drink his koolaide and applaud his baloney.
If BHO talks about health care in the next POTUS debate, McCain should ask if BHO is going to move from Number 2 on the FHA Lobby Receipts list, to Number 1 on the Health Care Lobbyist Receipts list.
I don't believe the Polls anymore, because I don't believe the MSM is capable of reporting ANY political coverage that is accurate and un-Biased.
besides, most polls are a 1,000 people, and I think it is much smaller than the 70.000,000 that watched the VP Debate.
Joe Biden is on the ticket for BHO assasination Insurance . . . nobody would dare harm BHO with Biden waiting in the wings.
The Republican Revolution will not be Televised
Obama
October 4, 2008 - 14:29 ET by JDWThis is the same government Obama used to educate himself and in turn work his way to the presidential election he is now a part of today. Why is he attempting to change it?
JDW
DAILY WAVE
'Hey Chuck, Stand Up!'
JayTee,
October 4, 2008 - 15:00 ET by R D HelmI don't believe the Polls anymore, because I don't believe the MSM is
capable of reporting ANY political coverage that is accurate and
un-Biased.
Having observed the totally one-sided media coverage in this election cycle, and knowing the true colors of BHO, I am now at the point where I consider the MSM to be dangerously subversive and a direct threat to the very survival of this nation.
-Dave
If this nation is to be saved, it will be libertarian principles that save it.
R D Helment - - Dangerously Subversive DS MSM
October 4, 2008 - 15:14 ET by JayTeeI think you are correct, It's like Barney Frank in 1998, The MSM has come out of the Closet. . . and along comes Palin, with a Gun, a Moose Huntin Mama.
She Winks at the moose, right before she pulls the Trigger . . .or so I hear.....
Do they give Politicians Purple Hearts ?
The Republican Revolution will not be Televised
"How can Obamarama talk
October 4, 2008 - 14:36 ET by ckc1227"How can Obamarama talk about Government provided/fix for health Care,
when we just witnessed the results of Government Regulated Mortgage
Industry going Bankrupt ?
Can we Afford another Government regulated industry ? "
What's funny is he claims McCain's plan will tax health benefits, while ignoring the massive tax increase a nationalized health care plan will require.
Obama's Economic plan: more taxes, more spending, more regulation. Prosperity here we come.
CKC1226 + 1 And...And....Drilling was Regulated also, results?
October 4, 2008 - 14:43 ET by JayTeeRegulated Drilling . . as in DO NOT DRILL . . .has brought us 4 dollar a Gallon Gas, followed by the Auto Industry being caught with SUV's all over their car lots.
SO, Congress has Destroyed the Mortgage industry, the Auto Industry, and BHO is on the Campaign Trail saying Every American should have Health Care . . .
The Movie "Network"
Go to your Window right now, raise it up, stick your head out and Yell "I'm MAD AS HELL, AND I'M NOT GONNA TAKE IT ANYMORE !!!"
The Republican Revolution will not be Televised
California bailout?
October 4, 2008 - 13:08 ET by TheAssessorAdvice for Califoreverthing
Since your state is chuck full of support for criminals, simply decriminalize them all. Legalize prostitution, drugs, gangs, illegal immigration and tax 'em all. Turn the taxes up to 95% on your find upstanding liberal actor/politicos. Put looney-cartoon land back on 'high' immoral ground. Need a tax collector? Bring back the mob. Need a governor? Vote for Joey Buttafuco. Fence it off and leave a sign at the gate.. Failed Liberal State.
Barak Obama, Political Sociopath - Toxic Drip
Housing Board
October 4, 2008 - 13:35 ET by jaywlSomeplace I heard there was some "Federal Housing Board" set up to help in this crisis. It would reduce principal amounts and interest rates for those buyers sucked up by unscrupulous banks. I too was a victim of WaMu a while back and would like to take advantage of this ,ah, opportunity. I am really concerned about the federal government's decision to make my old television set obsolete and with a reduced mortgage I could buy new digital sets on credit. This would help our economy and our trading partner, Red China. Please advise as to contact info for this board.
PBS on Jimma Carter
October 4, 2008 - 13:35 ET by ricklailI just saw an advertisement for The American Experience on PBS Monday at 9. It is about Jimma Carter. From the previews it is about his efforts in "peace"- very pro Jimma. Would somebody here be willing to watch it and tell me about it Tuesday? I would do it but I can't afford to miss work on Tuesday because I have been throwing up all night Monday.
Priority
October 4, 2008 - 13:46 ET by JDWI will be watching McCain smearing Obama and the libs with their guilt on Fannie/Freddie and alleviating Bush.
JDW
DAILY WAVE
'Hey Chuck, Stand Up!'
"I will be watching
October 4, 2008 - 14:42 ET by ckc1227"I will be watching McCain smearing Obama and the libs with their guilt on Fannie/Freddie and alleviating Bush. "
You must get the make-believe channel, because I don't see McCain doing this. H