| Author | Post |
|---|
Playing the Game
Member
| Joined: | Wed Jan 30th, 2008 |
| Location: | Delaware USA |
| Posts: | 2671 |
| Status: |
Offline
|
|
Posted: Fri Oct 3rd, 2008 01:25 am |
|
| It is time to remove all of the old women who have represented Delaware for too long.
|
Skjuda
Member
|
Posted: Wed Oct 1st, 2008 04:12 pm |
|
I agree fred and I also believe the best will shine in the next few years and rise to the occassion to meet the adversary that is coming. Markel will do a fine job as governor and will make the painful transition easier for Delawarians.
I also believe the bad ones will be exposed for the fools they are and have become. Castle will be one to fall as will Biden. Both are in support, Castle voted yes, of the bailout when over 90 percent of voters reject the bailout as written.
Any other candidates that stand out as the best for the futures hard times that are coming?
|
Fred
Member
| Joined: | Mon Oct 10th, 2005 |
| Location: | Dover, Delaware USA |
| Posts: | 7173 |
| Status: |
Offline
|
|
Posted: Wed Oct 1st, 2008 01:06 pm |
|
Running this country at any level is going to be a job that simply is going to suck for a couple of years. Be it Levy Court, State Legislature, Governor, Congress, or President, it is going to be a rough couple of years regardless of whether the bailout passes.
|
Habanero
Member
| Joined: | Wed Sep 28th, 2005 |
| Location: | DelMarVA, USA |
| Posts: | 4056 |
| Status: |
Offline
|
|
Posted: Fri Sep 26th, 2008 11:54 pm |
|
Ben Franklin wrote: We should shoot all the politicians then elect Fred President and Habanero Vice President. They'll keep each other honest. But i get to be the Sec. of the Tresury and we will get rid of the Fed Res private banksters and back our money with a precious commodity like gold or diamonds. Then we stop all these voodo wall street games.
ROFL!!!!!
Yup, Fred and I would keep each other honest, but that's the reason neither of us are interested in running for office 
i don't disagree with the rest of your fantasy, though !
|
Bixby
Member
| Joined: | Fri Nov 25th, 2005 |
| Location: | |
| Posts: | 1630 |
| Status: |
Offline
|
|
Posted: Fri Sep 26th, 2008 04:29 pm |
|
Ben Franklin wrote: We should shoot all the politicians then elect Fred President and Habanero Vice President. They'll keep each other honest. But i get to be the Sec. of the Tresury and we will get rid of the Fed Res private banksters and back our money with a precious commodity like gold or diamonds. Then we stop all these voodo wall street games. I'm glad you left your tin hat off for this one, Ben. You are as right as rain and it has been getting a bit more attention these days. Ron Paul has some nutty ideas but on the economy, he ought to be listened to more often. He has it nailed down pat.
|
Skjuda
Member
|
Posted: Fri Sep 26th, 2008 04:18 pm |
|
Another sign times are not so bad as predicted, economists are saying the chances of going into a great depression are slim or non existant. Companies will see a downturn but most of the vital companies have planned correctly and are in a position to withstand a recession.
Bottom line is the rich are suffering from bad decisions when greed was rampart not us regular folk. Some are already putting pressure on congress to pass the bailout or recent deals will fall through the cracks. Take Buffets recent purchase of WAMU assets recently where the deal is ontingent on the bailout or it is no deal. Kinda like Buffet is betting on making money off the bailout in a big way.
Stop the madness now and allow capitalism to either prosper or fail. O'Reilly is a pin head for supporting the bailout.
|
Ben Franklin
Member
| Joined: | Tue Dec 20th, 2005 |
| Location: | |
| Posts: | 1851 |
| Status: |
Offline
|
|
Posted: Thu Sep 25th, 2008 04:13 pm |
|
| We should shoot all the politicians then elect Fred President and Habanero Vice President. They'll keep each other honest. But i get to be the Sec. of the Tresury and we will get rid of the Fed Res private banksters and back our money with a precious commodity like gold or diamonds. Then we stop all these voodo wall street games.
|
Skjuda
Member
|
Posted: Thu Sep 25th, 2008 04:06 pm |
|
Raines is only one who got out in time to avoid any repercussions. There are plenty more where he came from and the list is getting longer.
Only by letting Fannie Mae and Freddie mac go under would Raines no longer get his golden parachute. We could have saved 90 m plus just on him alone.
How many more will get to make huge sums off the taxpayers back. I say let the system correct itself abd let the bailout stop now.
|
Fred
Member
| Joined: | Mon Oct 10th, 2005 |
| Location: | Dover, Delaware USA |
| Posts: | 7173 |
| Status: |
Offline
|
|
Posted: Thu Sep 25th, 2008 02:29 pm |
|
Hartlyboy wrote: One who saw the writing on the wall and got out in time is Franklin Raines, the former head of Fannie or Freddie [I forget which]. He gets a pension now of almost $4000 a day on top of the $90 million he 'earned' while screwing up Fannie or Freddie. Fannie and Freddie were the two organizations that I remember Barney Franks defending in 2005 as being 'in good shape' and not needing more regulation. Now that swarmy politician is pointing the finger at the 'private sector' as being responsible for the mess instead of the people like him in government.
Plenty of blame to go around, HB. This is a perfect example of something that I think will not be able to be "repo'ed" as it should be.
I also think that we are in a "9-11" scenario here...we know that it wasn't one group, one party, one branch that screwed up. I think that if you assign blame, the current administration has to take a bit more than a fair share, but there is more than enough to go around. Frank may have said this, but I suspect that he was echoing others, especially since Republicans were in charge of Congress at the time, right?
|
Hartlyboy
Member
|
Posted: Thu Sep 25th, 2008 05:04 am |
|
| One who saw the writing on the wall and got out in time is Franklin Raines, the former head of Fannie or Freddie [I forget which]. He gets a pension now of almost $4000 a day on top of the $90 million he 'earned' while screwing up Fannie or Freddie. Fannie and Freddie were the two organizations that I remember Barney Franks defending in 2005 as being 'in good shape' and not needing more regulation. Now that swarmy politician is pointing the finger at the 'private sector' as being responsible for the mess instead of the people like him in government.
|
Skjuda
Member
|
Posted: Wed Sep 24th, 2008 09:08 pm |
|
Fred we have been told by the president and his croonies that if we do not act to pass the bailout very quickly the end of the world is coming. Well not that gloomy but it sure sounds like it. If it was just a recession which we have been through a few times in the past 30 years why all the dire predictions and such? It sounds more like a great depression than a recession but there seems to be people on both sides of the fence.
If we go the depression route how bad will it be?
1 - My job would be secure I am sure but if not I can always fall back on doing taxes. A job that will be there even in very bad times as we all know the IRS will collect first no matter what. Some people will not be so lucky but is that really bad? People have to start taking responsibility for themselves and what better way than to lose everything. After the economy recovers peope will be less likely to spend foolishly and allow the greed and corruption to continue. Maybe we will even have people who actually spend within thier means, well thats a big maybe but one can only hope.
2 - my house is not paid for yet and I do have a morgage that I pay every month. The American dream is to own a home on land and is not suppose to be for the select few who invest in housess to sell later. I plan on living in my current house for a very long time, probably until I die or my son puts me in a retirement home.
3 - Immigrants will go home if they are no longer able to get free handouts from the feds and unable to make any money. CA has the best options for illegals as they get free medical, retirement and never have to pay a dime in taxes. Take that away and they are no better than being in thier home country.
4 - Government will have to contract when money gets scacer. Can you imagine a time when the Camden council will have to vote that finally they realize the building they are getting is not really needed? Maybe even they will be responsible and spend within there means. Can you imagine a time when Wyoming council will finally be recognized for the planning they have done and prudent spending. Maybe, well a stretch, that Camden and Wyoming will become one again as in the old days.
5 - Yo have said those responsible will not have to pay if the banks fail as they have mostly cashed out and run. Well then how is the bailout gonna catch them and make them pay there fair share? It is not gonna happen. Bush and his croonies have had several months to plan out this bailout and I am sure they have told there friends about it so they can cash out and escape any repercussions. I would prefer the jsutice department look at those who have changed strategies in the last few months than at Fannie Mae and Freddie Mac. I bet they would see Bush Chaney and a few others already getting in a position to benefit from the bailout. Letting the banks fail would catch them too.
6 - I can not see any benefit from the bailout for the 90 percent of taxpayers who will have to pay for it in the long run. The only people to benefit are the very rich and thier friends. The best thing would be to let it happen and settle up later. Let the economy and capitalism do its thing. I do not see it being that bad yet.
As I have said before I do not see a great depression being that bad for most people, roughly 90 pecent of America. The ones who will suffer are the ones making all the money. Some of these rich will leave America for foreign soil and take what money they can. NO big loss unless we allow them back after we recover. People will be smarter in the long run and be more prudent about spending forcing companies to be more honest.
|
Fred
Member
| Joined: | Mon Oct 10th, 2005 |
| Location: | Dover, Delaware USA |
| Posts: | 7173 |
| Status: |
Offline
|
|
Posted: Wed Sep 24th, 2008 06:26 pm |
|
I think your rose-colored glasses are on a bit too tight.
First, I doubt we'll get the full Monty...I think a recession is a fore-gone conclusion, but a depression is probably not going to happen.
First, your job may be in jeapordy. Maybe you are one of the lucky ones (I think I am) who has a job that is recession-proof,but there will be plenty of others who will not be. Unemployment is still relatively low,but what are the effects if it doubles?
Second, your house. Hope you like it, because it will continue to decline in value. Again, no big deal if you plan on living in it, but if you've been using it like a piggy bank or were hoping to move...you may be out of luck.
Immigration? Depends on the country where people are coming from. No matter how bad things are here, they really aren't, compared to other parts of the world. If Mexico's economy is good enough to sustain their own people, they will stay. If ours is still relatively better....Hola.
Government? I think it would get smaller, but I think they would do what they can to do it through attrition. There are a lot of older government workers (Hi,CR!) that will be leaving, but it would cost money to get rid of them, as well. However, this would add to the unemployment picture, which would have a ripple effect.
Responsibility? I rather doubt it. Wish it would happen, but most of the real big wigs have made their money and cashed out a while ago. A few token people might be strung up, but the vast majority will walk....and there will be more than a few who will make even more money from the clean up.
Local economy? Probably will take it in the shorts, as fewer people have fewer resorces to gamble.
Retirement? I don't think it will be worthless, in most cases, but it will change the lifestyle people were expecting. I know a few people who have been watching their stocks for the last two years, worrying all the time. If you are that worried, you shouldn't have invested in the stock market...
Education? As you said, less money means less people going to college. I would seriously expect Delaware's program of financing the first two years of college at Del Tech to go away....maybe a good thing, but it will have another ripple effect.
|
Habanero
Member
| Joined: | Wed Sep 28th, 2005 |
| Location: | DelMarVA, USA |
| Posts: | 4056 |
| Status: |
Offline
|
|
Posted: Wed Sep 24th, 2008 05:39 pm |
|
Dang, Skjuda, I can't answer your poll question because there are actually 3 answers there that I could easily choose, but I can't pick the one I want more than the others 
|
Skjuda
Member
|
Posted: Wed Sep 24th, 2008 05:14 pm |
|
With all the recent hoopdalo about the bailout I was wondering what would happen if we allowed them to fail and go into a recession. I have read about the great depression and some of the things that happened but the loss of lives was minimal as people did survive. I remember reading that a lot of wallstreet people were jumping out windows of tall buildings and I can not say that is a bad thing.
What would happen in a recession? Can anyone predict some things for those who of us who did not live in that time frame of the great depression. I know a few things.
1 - retirement accounts would become worthless and people would have to start saving all over again.
2 - the illegal immigrants would all go home - not a bad thing
3 - heroes of hollywood would change for the better, no longer would we have the sluts and drug users as heroes. We actually might get another John Wayne as a hero
4 - Education would get a drastic change in that fewer kids would go to school.
5 - Government would decrease in size as the feds start feeling the money crumch - specifically state and local governments
6 - those responsible might actually have to pay a penalty for all the greed and fraud that went on
Anyway what would happen if we went into a great depression? I know I would be okay woiuld you?
|
Current time is 02:50 am | |
|