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Friday, October 03, 2008
bailout bill passes house...
263-171.
only four georgia reps., all democrats, voted for the bailout. they were sanford bishop, john lewis, jim marshall and david scott.
10 comments:
Anonymous
said...
Isakson and Chambliss both voted for it in the senate. Darn right, you betca they did.
Darn right, you betcha Lynn Sixpack voted against it. But what about the senators in the senate from Georgia who are in the senate and what did they vote for it or what did they do? Uhhh, you know, I'll have to look it up in the Economist and the New York Times and get back to ya on that one. (wink)
Thanks to all of you who did your homework and pointed out that it was not just Democrats voting in favor of this bill. It's painful for us to see those who caused this mess receive assistance from our government, but perhaps it's necessary at this time. What Mr. Geiger fails to point out in his, as always, un-nuanced reasoning, is that members of the House have much more to lose this year - all of them are up for reelection, while only 1/3 of the Senate must face their constituents, and the consequences of voting in favor of such a controversial proposal. Therefore, they could consider the true pros and cons of the bill instead of the mere political manglings of it. Now if only Mr. Geiger could do the same.
This is a prime example of the democrats screwing up the economy and asking the republicans to help fix the problem while pointing fingers at them making accusations that they did it. And people are to stupid to research the facts to get the truth. They will believe any lie told to them now by the democrats.
What a crazy mess. 1. We need to abolish the Federal Reserve system. This Central Bank lends imaginary money at an interest to us and our government. 2. What you saw happen is a classic supply and demand problem. In the late 90s, restrictions were loosened up so that any irresponsible person could get a mortgage. This caused an increased demand on real estate with more people having access to credit (or that imaginary money). As expected, according to basic economics, the prices shot up.
3. Of course, these irresponsible people defaulted on their mortgages. Banks were foreclosing and owning more real estate than they're allowed to by law.
4. Less loans were going out, causing less demand on property causing a lot of houses to sit around on the real estate market. This means more supply. When there's more supply than demand, the price of the product goes down.
5. MY SOLUTION: GET US ON A GOLD STANDARD AND ABOLISH THE FEDERAL RESERVE. Eliminating this imaginary money gets rid of the artificial demand.
10 comments:
Isakson and Chambliss both voted for it in the senate. Darn right, you betca they did.
Darn right, you betcha Lynn Sixpack voted against it. But what about the senators in the senate from Georgia who are in the senate and what did they vote for it or what did they do? Uhhh, you know, I'll have to look it up in the Economist and the New York Times and get back to ya on that one. (wink)
inflation. unemployment.
we are screwed again! $700 billion to bailout, no, ask yourself or ask your "senators" should i say pork pork pork......look for yourself!
What a raw deal for America.
Lost 165,000 job and Lost 5 million house. Think hard. Get a job or buy a house or restaurant or whatever. Like the business
Dear Fire Fighters,
Monday Night Drill
October 6, 2008 @ 7:00 pm to 10:00 pm
Training Meeting @ 8:30 pm
Smoke House Class @ 7:00 pm
Thank you,
Barnesville-Lamar County Fire Department
Thanks to all of you who did your homework and pointed out that it was not just Democrats voting in favor of this bill. It's painful for us to see those who caused this mess receive assistance from our government, but perhaps it's necessary at this time. What Mr. Geiger fails to point out in his, as always, un-nuanced reasoning, is that members of the House have much more to lose this year - all of them are up for reelection, while only 1/3 of the Senate must face their constituents, and the consequences of voting in favor of such a controversial proposal. Therefore, they could consider the true pros and cons of the bill instead of the mere political manglings of it. Now if only Mr. Geiger could do the same.
This is a prime example of the democrats screwing up the economy and asking the republicans to help fix the problem while pointing fingers at them making accusations that they did it. And people are to stupid to research the facts to get the truth. They will believe any lie told to them now by the democrats.
What a crazy mess.
1. We need to abolish the Federal Reserve system. This Central Bank lends imaginary money at an interest to us and our government.
2. What you saw happen is a classic supply and demand problem. In the late 90s, restrictions were loosened up so that any irresponsible person could get a mortgage. This caused an increased demand on real estate with more people having access to credit (or that imaginary money). As expected, according to basic economics, the prices shot up.
3. Of course, these irresponsible people defaulted on their mortgages. Banks were foreclosing and owning more real estate than they're allowed to by law.
4. Less loans were going out, causing less demand on property causing a lot of houses to sit around on the real estate market. This means more supply. When there's more supply than demand, the price of the product goes down.
5. MY SOLUTION: GET US ON A GOLD STANDARD AND ABOLISH THE FEDERAL RESERVE. Eliminating this imaginary money gets rid of the artificial demand.
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