posted
Actually, it IS socialism. The government just got a lot more oversight into the financial markets. And they did SO well with Freddie and Fanny.
Let's see how many "low income loans" they require now.
In any event, they just spent more money than the Iraq war and the market's tanked anyway. Good job to both parties for showing all of us what heaping piles of mierda you have for grey matter.
quote: Without God I could not forgive mankind for all the sins committed against me.
So, out of curiosity, how do you forgive god for all those sins?
quote: Without God I could not stay sane in a world that spews garbage from every angle and inch.
God made the world, God made the garbage. How do you reconcile that?
Posts: 7085 | Registered: Apr 2001
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When I die, I know that God will be able to read my heart and soul, and He/She will know that I have always held He/She close and been thankful and have attempted to figure out how to give All creatures a better quality of life here on Earth.
I failed but it was the engine of my heart.
Posts: 377 | Registered: Jul 2003
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posted
So if free will is more important than a perfect world (which it is, otherwise God wouldn't have made it so) then why is God required to make the imperfections ok?
On the other hand, why couldn't God give us free will, but not the desire to sin? If we're able to do anything we want, but have no sinful desires, then we still have free will, but we also have a perfect world to go with it.
Posts: 7085 | Registered: Apr 2001
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posted
That was the amount banks were charging each other, Thor, not the gov't charging banks.
And if banks could only borrow at 29.9% interest, I think you would find things decidedly less awesome than you assert.
Posts: 15770 | Registered: Dec 2001
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posted
Uh. They charge humans 29.9% on revolving dog-paddling credit card debt. Let them eat when they've been serving.
I was 100% no bailout.
If that meant a collapse of currency and a TOTAL re-birth of society, so be it.
Just as our Honorable Soldiers march to where they are ordered willing to lose life or limb, I too would march onward to the Depression like a soldier knowing what I might have to sacrifice.
America ran up a 25 TRILLION dollar debt if you count all debt.
Someone has to pay for it.
Seems clear to me know that the Baby Boomers knew what they were doing, doing everything for their OWN best personal interests with not a care in the world to future generations, nor did they feel guilt for creating this world they've left us.
They did what they wilt and handed their children and grandchildren the bill and the weight of the sins.
The Bailout gives them a band-aid til they die. They hope.
"Please God, let it all fall apart after I die. Amen"
quote:Originally posted by The Pixiest: Actually, it IS socialism. The government just got a lot more oversight into the financial markets. And they did SO well with Freddie and Fanny.
Actually, it's not really socialism. There's another term for it, but I can't use it, because it's been overused and abused as an insult to be hurled against anyone you disagree with politically. Maybe we need a new term. "National socialism", maybe? Hmm... it fits, but it's been used, too.
Posts: 12266 | Registered: Jul 2005
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- SEC. 308. INCREASE IN LIMIT ON COVER OVER OF RUM EXERCISE TAX TO PUERTO RICO AND THE VIRGIN ISLANDS.
- SEC. 309. EXTENSION OF ECONOMIC DEVELOPMENT CREDIT FOR AMERICAN SAMOA.
- SEC. 311. EXTENSION OF ELECTION TO EXPENSE ADVANCED MINE SAFETY EQUIPMENT.
- SEC. 312. DEDUCTION ALLOWABLE WITH RESPECT TO INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES IN PUERTO RICO.
- SEC. 317. SEVEN-YEAR COST RECOVERY PERIOD FOR MOTORSPORTS RACING TRACK FACILITY.
- SEC. 321. ENHANCED DEDUCTION FOR QUALIFIED COMPUTER CONTRIBUTIONS.
- SEC. 322. TAX INCENTIVES FOR INVESTMENT IN THE DISTRICT OF COLUMBIA. - (c) ZERO PERCENT CAPITAL GAINS RATE.— (1) IN GENERAL.—Subsection (b) of section 00B is amended by striking ‘‘2008’’ each place it appears and inserting ‘‘2010’’.
- SEC. 325. EXTENSION AND MODIFICATION OF DUTY SUSPENSION ON WOOL PRODUCTS; WOOL RESEARCH FUND; WOOL DUTY REFUNDS.
- SEC. 502. PROVISIONS RELATED TO FILM AND TELEVISION PRODUCTIONS.
- SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN.
- SEC. 504. INCOME AVERAGING FOR AMOUNTS RECEIVED IN CONNECTION WITH THE EXXON VALDEZ LITIGATION.
- SEC. 505. CERTAIN FARMING BUSINESS MACHINERY AND EQUIPMENT TREATED AS 5-YEAR PROPERTY.
- TITLE II — SPECIAL PROJECTS ON FEDERAL LAND -
- (B) NO ADMINISTRATIVE APPEAL OR JUDICIAL REVIEW.—Notwithstanding any other provision of law, a decision by the Secretary concerned to reject a proposed project shall not be subject to administrative appeal or judicial review.
‘‘(3) MERCHANTABLE TIMBER CONTRACTING PILOT PROGRAM.—
‘‘(A) ESTABLISHMENT.—The Secretary concerned shall establish a pilot program to implement a certain percentage of approved projects involving the sale of merchantable timber using separate contracts for—
(i) the harvesting or collection of merchantable timber; and (ii) the sale of the timber.
- SEC. 602. TRANSFER TO ABANDONED MINE RECLAMATION FUND.
- 7 (c) INCREASE IN LIMITATION ON INDIVIDUAL LOSS PER CASUALTY.—Paragraph (1) of section 165(h) is amended by striking ‘‘$100’’ and inserting ‘‘$500 ($100 for taxable years beginning after December 31, 2009)’’.
- SEC. 801. NONQUALIFIED DEFERRED COMPENSATION FROM CERTAIN TAX INDIFFERENT PARTIES.
posted
Credit markets to Washington: Bailout isn't enough
NEW YORK - The credit markets finally got a bailout bill, but the stranglehold hasn't let up — a troubling sign that lenders and investors believe the package will only be a baby step in the long road to economic recovery.
In case you haven't noticed, Britney Spears has been looking pretty good lately. Over the past year she's gone from being a train wreck to a much better Britney in terms of both her mental and physical state. Instead of seeing her hit up Carl's Jr. on a daily basis, we've been treated to photos of her hitting up the gym -- and it shows!
A source close to Brit told Bill Zwecker of the Chicago Sun-Times that the pop star's love of dance was key in helping her get back into shape, and now the mom of two reportedly wants to release a series of workout videos to help her fans get fit as well. The "Womanizer" singer was apparently inspired when she stumbled upon some of her mother Lynne's old Jane Fonda exercise tapes. She "popped them into an old VCR machine and got a big kick out of watching them."
Although Spears' people wouldn't confirm that such a deal was in place, the concept doesn't sound all that far-fetched. A rep for the Britney's Jive/Zomba label agrees, saying, "The idea makes perfect sense, given Britney is a singer who uses dance so much in her act."
I have to say that if Britney released a fitness video I would definitely be tempted to buy it ... especially if I thought I could wind up with the type of bod she had in the "I'm A Slave 4 U" video!
_______________________________
I was wrong. We got the bailout. now all is back to normal.
Posts: 377 | Registered: Jul 2003
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quote:- SEC. 308. INCREASE IN LIMIT ON COVER OVER OF RUM EXERCISE TAX TO PUERTO RICO AND THE VIRGIN ISLANDS.
- SEC. 309. EXTENSION OF ECONOMIC DEVELOPMENT CREDIT FOR AMERICAN SAMOA.
- SEC. 311. EXTENSION OF ELECTION TO EXPENSE ADVANCED MINE SAFETY EQUIPMENT.
- SEC. 312. DEDUCTION ALLOWABLE WITH RESPECT TO INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES IN PUERTO RICO.
- SEC. 317. SEVEN-YEAR COST RECOVERY PERIOD FOR MOTORSPORTS RACING TRACK FACILITY.
- SEC. 321. ENHANCED DEDUCTION FOR QUALIFIED COMPUTER CONTRIBUTIONS.
- SEC. 322. TAX INCENTIVES FOR INVESTMENT IN THE DISTRICT OF COLUMBIA. - (c) ZERO PERCENT CAPITAL GAINS RATE.— (1) IN GENERAL.—Subsection (b) of section 00B is amended by striking ‘‘2008’’ each place it appears and inserting ‘‘2010’’.
- SEC. 325. EXTENSION AND MODIFICATION OF DUTY SUSPENSION ON WOOL PRODUCTS; WOOL RESEARCH FUND; WOOL DUTY REFUNDS.
- SEC. 502. PROVISIONS RELATED TO FILM AND TELEVISION PRODUCTIONS.
- SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN.
- SEC. 504. INCOME AVERAGING FOR AMOUNTS RECEIVED IN CONNECTION WITH THE EXXON VALDEZ LITIGATION.
- SEC. 505. CERTAIN FARMING BUSINESS MACHINERY AND EQUIPMENT TREATED AS 5-YEAR PROPERTY.
- TITLE II — SPECIAL PROJECTS ON FEDERAL LAND -
- (B) NO ADMINISTRATIVE APPEAL OR JUDICIAL REVIEW.—Notwithstanding any other provision of law, a decision by the Secretary concerned to reject a proposed project shall not be subject to administrative appeal or judicial review.
‘‘(3) MERCHANTABLE TIMBER CONTRACTING PILOT PROGRAM.—
‘‘(A) ESTABLISHMENT.—The Secretary concerned shall establish a pilot program to implement a certain percentage of approved projects involving the sale of merchantable timber using separate contracts for—
(i) the harvesting or collection of merchantable timber; and (ii) the sale of the timber.
- SEC. 602. TRANSFER TO ABANDONED MINE RECLAMATION FUND.
- 7 (c) INCREASE IN LIMITATION ON INDIVIDUAL LOSS PER CASUALTY.—Paragraph (1) of section 165(h) is amended by striking ‘‘$100’’ and inserting ‘‘$500 ($100 for taxable years beginning after December 31, 2009)’’.
- SEC. 801. NONQUALIFIED DEFERRED COMPENSATION FROM CERTAIN TAX INDIFFERENT PARTIES.
So is John McCain going to make the people who voted yes on this bailout famous?
Posts: 2445 | Registered: Oct 2004
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quote:INCREASE IN LIMIT ON COVER OVER OF RUM EXERCISE TAX TO PUERTO RICO AND THE VIRGIN ISLANDS.
I think it was a Republican Congressman whose comment on this specific tax break was:
"Great, I guess we have the pirate vote in November."
Some of the stuff in there, like the AMT patch and the renewable energy tax credits I was okay with. They were likely to pass anyway. But come on, hundreds of millions of dollars for race tracks and liquor? $150 billion in sweeteners? If anyone was questioning whether or not this bill was a joke before this stuff was added, I'd imagine they're convinced now.
quote:So is John McCain going to make the people who voted yes on this bailout famous?
Well he's already pretty famous, so, one down!
Posts: 21898 | Registered: Nov 2004
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quote:The credit markets finally got a bailout bill, but the stranglehold hasn't let up — a troubling sign that lenders and investors believe the package will only be a baby step in the long road to economic recovery.
It is not a long-term solution. It is not designed to be. It is a tenuous bridge to keep the economy going — despite the fact that it will continue to slump even with the seven hundred billion dollars injected into it — while we go through what is comfortingly termed a 'corrective adjustment period.'
We have an economy built on credit. You can despise this and want it to change, but allowing it to happen the way it will play out right now (abrupt halt) will kill a huge portion of our economy.
Posts: 15421 | Registered: Aug 2005
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posted
We probs coulda done without the Kiddie Arrow Tax break, the NASCAR tax break, and the 500 millie for wool research.
Can you imagine congress voting to join WWII and then saying "I will only vote yes if you put in the baby booties tax break." THEN I will do what is right for the world!
It's funny anyone would think their politicians (Republicans or Democrats) are the good guys in all of this.
Posts: 377 | Registered: Jul 2003
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$500 million in the 7 years leading up to the collapse, and dispensed millions of dollars in Exec bonuses AS his company was pleading for government intervention.
He blamed the whole crisis on "loss of confidence".
Posts: 377 | Registered: Jul 2003
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posted
Oh, and apparently, one of the Bush cousins who worked for Lehman brothers LAUGHED off the idea that the execs wouldn't get their golden parachute packages.
Posts: 377 | Registered: Jul 2003
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quote:Originally posted by The Rabbit (imported from different thread): Yup! Every American with money in an IRA or a Pension fund ought to be screaming right now. The houses failure to pass this bill has just cost you more than the bailout.
Of course, you only loose this money if you sell today or if you sell at any time before the market recovers. Its hard to calculate the real long term impact of such things. We will never know how much more I would have had in my retirement fund 20 years from now if the house had passed todays bill. Nonetheless, I think its a pretty safe conclusion that if the house and senate can't agree on a bailout package that will stabilize the banks and markets, we can all kiss our comfortable retirement good bye.
It's a good thing the bill was finally passed. I'm sure everyone with an IRA or a 401-K is breathing a sigh of relief today.
It cost a mind-boggling amount of money, but we're sure to make it back on the stocks, right? Right?
Posts: 2804 | Registered: May 2003
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posted
You do realize, Thor, that most of the selling also happens by 'BIG MONEY'?
Unless you have any actual evidence that some particular set of people are managing to consistently buy low and then sell high, you might stop with the fairy tales.
Posts: 15770 | Registered: Dec 2001
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