Failure of Lehman Bros.

[OCBob]

If you haven't heard for the 10^10th time, he says he will make PORK barrel infamous.

Sure he will, talk is cheap and when it comes to things that can't be done it's just silly. Nobody is getting rid of pork, cause if they do there goes their re-elections.

If the libs would actually pass the Line item veto (like McCain wants), we can erase BILLIONS in pork.

Republican led Congresses had the opportunity to do the same and wouldn't. Don't fool yourself, when it comes to cash, there is no difference between these two parties.

 

[Cudajon]

Republican led Congresses had the opportunity to do the same and wouldn't. Don't fool yourself, when it comes to cash, there is no difference between these two parties.

What you speak has a lot of truth to it, but between these candidates you can clearly distinguish who is the most pork friendly of the candidates.

HDVIPER, true, the oil goes to the global market, but the employees aren't the ExxonMobil foreign legion, they will hire nationals where they get to.... DRILL! In addition, just the murmurs of an increase in supply will cause the speculators to drive down the price... which currently sits at... 96.12... WHY? Maybe because a bill is going to hit the floor to drill offshore.

Also, what is your argument AGAINST drilling? The environment? Cause I will smack that dead horse around if you like. Big oil profits which are around 9%? Who deserves to make the money for drilling? The government? I just don't understand the arguments.

 

[Ram From Hell]

Just so I can make a partisan statement and condemn myself out of my own mouth... It is Congress who holds the purse strings of this country and they are the ones who've been in charge for about the last decade.

The fact remains that from 1955 to 1993, 2000, 2006-present are all years of Democratic control of Congress (42 out of 53).

In 2006 the Democrats gained control of both houses, trumpeting "Change" and a better America. Let us review how that has worked out for us:

* Mortgage companies have declared bankruptcy costing thousands of people their jobs.

* Home values have nose-dived.

* World oil prices have risen astronomically to over $4 a gallon.

* The Democrats continue to block drilling in oil rich reserves and even increase our dependence on foreign oil.

* The stock market, where most Americans' retirement hopes are invested, has dropped by nearly 20%.

* Food prices are increasing at an alarming rate fueled mostly by rising energy costs.

 

[OCBob]

What you speak has a lot of truth to it, but between these candidates you can clearly distinguish who is the most pork friendly of the candidates.

No, you can only tell who is saying what, you can't tell what either of them will actually do.

Here is a list of earmarks for fy2008. You will notice that neither party has a stranglehold on the practice. You will also notice that Presidential earmarks were almost 20% higher than Congressional earmarks. Haven't heard anyone talking about that though.

http://www.taxpayer.net/earmarks.php

They are all f***ing crooks and will do whatever it takes to gain power and to stay there. I can't believe how often I have to jump on the side of the Dems here, not that I like them any better, just that I can't stand by and watch bullshit from either side go unnoticed.

I'm sure lots of people here probably think I am a Democrat even. Just to set the record straight, since I have turned 18 (nearly 30 years ago), only once did I vote for a Democrat presidential candidate. I have voted for Dems in some lesser elections. I don't give my vote to any one party though, the candidate has to earn it.

 

[HDVIPER]

What you speak has a lot of truth to it, but between these candidates you can clearly distinguish who is the most pork friendly of the candidates.

HDVIPER, true, the oil goes to the global market, but the employees aren't the ExxonMobil foreign legion, they will hire nationals where they get to.... DRILL! In addition, just the murmurs of an increase in supply will cause the speculators to drive down the price... which currently sits at... 96.12... WHY? Maybe because a bill is going to hit the floor to drill offshore.

Also, what is your argument AGAINST drilling? The environment? Cause I will smack that dead horse around if you like. Big oil profits which are around 9%? Who deserves to make the money for drilling? The government? I just don't understand the arguments.

I do agree that it will definitely help speculation. I believe that is where the problem is, not with drilling. We need to grab these fkn speculators and choke the sob's! They are the real reason why the prices are so high. And what do they do for a living? Just drive up the price per barrell so they can make as much money as possible! I think drilling is just short - sightedness. We need to think outside that box, imho, if it is at all possible. just my $.02

 

[Wifey]

[/SIZE]

I blame the entire U.S. government....

When they grow tired of pissing and moaning over who gains the political capital for making the necessary corrections to right the financial ship in this country...maybe then we can make some headway...

Congress and the Executive branch have a way of fiddling while Rome burns.

Just so I can make a partisan statement and condemn myself out of my own mouth... It is Congress who holds the purse strings of this country and they are the ones who've been in charge for about the last decade.

D

As long as the Federal Reserve, the Central Bank and others
( they are all the same group of Traitors) approve such loans for the desired pork spending, wars etc. (that the US citizens have to pay back) It is the bankers that hold the purse strings and dictate policy in this and other countries

Remember the Golden Rule........... The one with the Gold Rules , and that would be the International Banking Community AKA The Trilateral Commission, Council on Foreign Affairs, and a myriad of Non Government entities

 

[Prof]

The point remains. The President is the chief executive, those things that happen on their watch are their responsibility, period. We can try to point fingers and never come to any resolution. Our leaders spend a lot of time hoping that things don't go bad. Rather than getting on the front end of issues and taking action to avert downturns. Doing nothing is the worst solution. If you want to blame the housing crisis then let's ask Bush if his hands off approach to regulation of the financial industry was a wrong choice; if you think our problems are traced to the oil industry, then deregulation of energy prices has been the cry of this administration, what is right about that?

Now if we bail out the likes of Lehman Brothers, the auto groups, it is just taking tax dollars to make it possible for these commercial entities to again make profits...we the tax payer are the losers as always.

Lets get off the "blame someone else" band wagon. The problem is us. We love not having to pay for foreign wars, we love exotic mortgage packages, we love being able to pay for our trucks over five years...

We are really sick and about to get sicker.

 

[Django]

The point remains. The President is the chief executive, those things that happen on their watch are their responsibility, period. We can try to point fingers and never come to any resolution. Our leaders spend a lot of time hoping that things don't go bad. Rather than getting on the front end of issues and taking action to avert downturns. Doing nothing is the worst solution. If you want to blame the housing crisis then let's ask Bush if his hands off approach to regulation of the financial industry was a wrong choice; if you think our problems are traced to the oil industry, then deregulation of energy prices has been the cry of this administration, what is right about that?

Now if we bail out the likes of Lehman Brothers, the auto groups, it is just taking tax dollars to make it possible for these commercial entities to again make profits...we the tax payer are the losers as always.

Lets get off the "blame someone else" band wagon. The problem is us. We love not having to pay for foreign wars, we love exotic mortgage packages, we love being able to pay for our trucks over five years...

We are really sick and about to get sicker.

If we're going to get off the "blame someone else" bandwagon, then that someone else should also include Bush. The President isn't God or in any way politically omnipotent. He cannot just "make it so". The Democrat Congress simply laughs in the President's face and refuses to enact anything that has his name on it.....

Stop laying the blame for all this at the feet of George Bush.

Political gridlock (on BOTH sides) is what's preventing productive changes from taking place in government. Not simply George Bush.

D

 

[Cudajon]

The point remains. The President is the chief executive, those things that happen on their watch are their responsibility, period. We can try to point fingers and never come to any resolution. Our leaders spend a lot of time hoping that things don't go bad. Rather than getting on the front end of issues and taking action to avert downturns. Doing nothing is the worst solution. If you want to blame the housing crisis then let's ask Bush if his hands off approach to regulation of the financial industry was a wrong choice; if you think our problems are traced to the oil industry, then deregulation of energy prices has been the cry of this administration, what is right about that?

Now if we bail out the likes of Lehman Brothers, the auto groups, it is just taking tax dollars to make it possible for these commercial entities to again make profits...we the tax payer are the losers as always.

Lets get off the "blame someone else" band wagon. The problem is us. We love not having to pay for foreign wars, we love exotic mortgage packages, we love being able to pay for our trucks over five years...

We are really sick and about to get sicker.

I'm sorry but this seems grossly misleading. It was the government who urged banks to ease up on requirements to get these ARM loans. It was regulation that caused this "easy money" problem.

I'm sure lots of people here probably think I am a Democrat even. Just to set the record straight, since I have turned 18 (nearly 30 years ago), only once did I vote for a Democrat presidential candidate. I have voted for Dems in some lesser elections. I don't give my vote to any one party though, the candidate has to earn it.

I understand, and since I turned 18 (5 months after Bush won '04). I have been voting for the candidate that appeals most to my sentiments that government should GTFO of people's lives, let people keep more of what they earn, and keep our military strong. Also someone who's patriotism and willingness to sacrifice for our country has been unwavering since the first time he put on the Navy whites. (Not someone who got his impression of USA at Harvard).

All I hear when Obama talks is how Government is going to save you because you are too ignorant to save yourselves. From what I've read.. he's LBJ all over again, and if he becomes commander in chief, will handle Iraq like LBJ handled (or mis-handled) Vietnam and will cost many more men their lives.

 

[Wifey]

If we're going to get off the "blame someone else" bandwagon, then that someone else should also include Bush. The President isn't God or in any way politically omnipotent. He cannot just "make it so". The Democrat Congress simply laughs in the President's face and refuses to enact anything that has his name on it.....

Stop laying the blame for all this at the feet of George Bush.

Political gridlock (on BOTH sides) is what's preventing productive changes from taking place in government. Not simply George Bush.

D

Agreed But, our Country is big time Broke and both sides are under the control of the F'in Bankers if they want to fund (borrow to do so) anythging:argh:

 

[Annu Kumar]

They filed a Chapter 11 and its funny that their trustees are Citibank:dontknow: Most of their Unsecured Creditors were Japanese Banks. I guess they got Overzealous And took too much risk

 

[Prof]

I'm sorry but this seems grossly misleading. It was the government who urged banks to ease up on requirements to get these ARM loans. It was regulation that caused this "easy money" problem.

I think you need to rethink your statement. Regulation creates situations in which the government only allows certain deviation from the norms...deregulation allows the markets to move with demand...while I am in favor of free markets, there has to be some oversight, and that is what the Bush administration refuses to do, because of their hands off policies. How else can a Lehman Brothers get to a point where they are leveraged $33 on every $1 in equity? I am generally against micromanaging industry and markets, but I think it is irresponsible to not impose some standards that protect the country from irrational exuberance (greed). We have deregulated the airlines, energy, banking...and where has it gotten us...need any more evidence?

 

[BurntRubber]

Blame the goverment and yourselves...

Our government spends and spends
Our consumers spend and spend
Government finances things they should not
Consumers finance things they should not

How come people who are shorting selling there house are still going out to dinner two times a week putting in on their credit cards. 50 years ago the man of the household would have gone without food and taken a "low grade" jpob just to pay is bills...times have changed and a depression will put things into perspective...its just part of a growth pattern. Thats the thing, people are struggling financially now, but they still want the new cell phone, HD TV, and a bitchin ride...well guess what, you goverment wants that to...change yourself, then change your government.
Dont get me wrong, I am going through tough times to. But this stuff happens all the time, our Fed just insulates us then it gets to be to late.

 

[Prof]

If we're going to get off the "blame someone else" bandwagon, then that someone else should also include Bush. The President isn't God or in any way politically omnipotent. He cannot just "make it so". The Democrat Congress simply laughs in the President's face and refuses to enact anything that has his name on it.....

Stop laying the blame for all this at the feet of George Bush.

Political gridlock (on BOTH sides) is what's preventing productive changes from taking place in government. Not simply George Bush.

D

Show me one ounce of attempt on the part of Bush to resolve the oil crisis that has been turned down by congress. Show me one thing that Bush has tried to do to prevent the mortgage market from falling apart that was turned down by a democratic congress. Show me one thing that George Bush has tried to do to bring the war to an end, that the democratic congress has turned down.

Tim you are speaking emotionally, not with facts. The leader is the leader, with out effort to solve issues, he becomes the problem...accountability, is what it is all about.

 

[Annu Kumar]

Blame Bill Clinton For Repealing the Glass Steagle Act Which De regulated the Banking Industry alowing them To Compete with each other and Sell Mortgage Back Securities to the Norweigns. Funny He repealed this Act right before He got impeached. Mr Clinton is to Blame for the Subprime Mortgage crisis that we still are paying for. Not to mention Deteorating Underwriting Standards

 

[Django]

Agreed But, our Country is big time Broke and both sides are under the control of the F'in Bankers if they want to fund (borrow to do so) anythging:argh:

I agree.

All I'm saying is that so many people want to lay the entire blame for our financial condition at the feet of George Bush and then use it as political fodder to defeat McCain..... It's all fkn bullshit lies and deceit....

Obama can't fix this jugfuck with good looks, perfect communication skills and personal savoir faire..... not in his wildest dreams...... I'm so fuckin' sick and tired of so many lefties laying the blame on Bush for the sake of defeating McCain......

Take all the bankers out and shoot 'em dead if they're the ones responsible for the economic state of this country..... But George Bush is not individually responsible ... All of the fkng bastards in power are to blame....

Let's take 'em all out in the street and shoot 'em down like rabid animals.

D

 

[Black1]

Dow is down 464 points..... (FYI- On "Black Monday" in 1987, the Dow was down 504 points.)

 

[Annu Kumar]

Show me one ounce of attempt on the part of Bush to resolve the oil crisis that has been turned down by congress. Show me one thing that Bush has tried to do to prevent the mortgage market from falling apart that was turned down by a democratic congress. Show me one thing that George Bush has tried to do to bring the war to an end, that the democratic congress has turned down.

Tim you are speaking emotionally, not with facts. The leader is the leader, with out effort to solve issues, he becomes the problem...accountability, is what it is all about.

I thought You were a Fiscal Conservative

 

[Wifey]

[/B]

I agree.

All I'm saying is that so many people want to lay the entire blame for our financial condition at the feet of George Bush and then use it as political fodder to defeat McCain..... It's all fkn bullshit lies and deceit....

Obama can't fix this jugfuck with good looks, perfect communication skills and personal savoir faire..... not in his wildest dreams...... I'm so fuckin' sick and tired of so many lefties laying the blame on Bush for the sake of defeating McCain......

Take all the bankers out and shoot 'em dead if they're the ones responsible for the economic state of this country..... But George Bush is not individually responsible ... All of the fkng bastards in power are to blame....

Let's take 'em all out in the street and shoot 'em down like rabid animals.

D

However the Bush family is tied to the hips of the F'in Bankers and Big Oil, all the same thing, F'in Traitors
:congrats: :congrats: :congrats: :congrats: :congrats: :congrats: :congrats: :congrats: :congrats: :congrats: :congrats: :congrats: :congrats: :congrats: :marchmellow: :rock:

 

[HDVIPER]

Show me one ounce of attempt on the part of Bush to resolve the oil crisis that has been turned down by congress. Show me one thing that Bush has tried to do to prevent the mortgage market from falling apart that was turned down by a democratic congress. Show me one thing that George Bush has tried to do to bring the war to an end, that the democratic congress has turned down.

Tim you are speaking emotionally, not with facts. The leader is the leader, with out effort to solve issues, he becomes the problem...accountability, is what it is all about.

When a company gets run into the ground, who should take the blame? President/CEO? VP of sales and marketing? How about any of the managers? Where does the buck stop? It seems everyone who is still a Bush supporter does not want to hold this man to ANY accountability, and that just blows my mind!