Stimulus Bill Passes
#91
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mindless rant on the subject.
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http://online.wsj.com/public/resourc...heet021209.doc
no earmarks my ****. i'm writing the speaker of the house when i get home tonight. too bad i will get ignored.
no earmarks my ****. i'm writing the speaker of the house when i get home tonight. too bad i will get ignored.
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http://online.wsj.com/public/resourc...heet021209.doc
no earmarks my ****. i'm writing the speaker of the house when i get home tonight. too bad i will get ignored.
no earmarks my ****. i'm writing the speaker of the house when i get home tonight. too bad i will get ignored.
#98
Who Keeps Screwing Us Over?
Rest of the article at the link above.
I shouldn't be surprised by now. But I still was when I read the article this morning in the Washington Post explaining that the cap on executive pay has been removed from the stimulus bill. I knew what Congress was doing yesterday by bringing the Wall Street executives in and scolding them in public was a dog and pony show. But I had not realized how profoundly full of **** these politicians are.
They make a big display of yelling at the CEOs and then the very next day they quietly remove any cap on their compensation. These people are not on our side. This is why so many Americans are so damn frustrated. Everyone in power appears to be bought and paid for. There is a circle of people in DC and NY that keep passing the money around to one another and then come and collect it from us.
I want to know -- no, I demand to know -- who killed this provision? Who argued for taking this cap on executive pay out of the stimulus bill? Do we have a free and strong press in this country? Or are they in on it, too? If not, then find out who did this to us.
The constant non-sensical argument is that if we cap their pay, they won't want to participate in this system. Ooh, don't scare us now. So, we won't get the most incompetent and corrupt losers in America to participate in their own rescue? I'm shivering thinking about the possibility of losing out on the help of these geniuses.
We're wasting our time here. Just nationalize the damn banks already. Almost all of the top economists are now in agreement that we should take this step. The people who put the money in are the people who own the company -- that's how capitalism works. I'm a die-hard capitalist. I don't want the federal government owning banks for an extended period of time. But what's worse is to continue letting these bankers rob us of our money day in and day out while we sit around like fools.
We buy it, we own it. Kick the clowns out. Run it for a limited amount of time while we stabilize the credit markets. And then sell them off in the free market. Instead of begging the bankers to loosen up credit, we take the banks and do it ourselves.
At the very least, it is unconscionable to get rid of these pay caps. On what grounds do these people think they deserve millions of dollars for bankrupting their companies? How is that capitalism? That's not capitalism, that's cronyism. They pay the politicians, the politicians pay them. They have perverted the whole system.
No way. No way. No way. We have to stop this. If we don't, I guarantee you that we will look back and realize that the bankers actually did the most amount of damage and ripped off the system for millions more after the TARP program started and we let them walk away with all the money after the companies were bankrupt.
As Joseph Stiglitz says, they are bleeding the banks right now. It's a zero sum game, every dollar they take out is a dollar we have to put in. Why are we paying them for their incompetence?
My favorite joke is when people say if we don't continue to pay these clowns millions of dollars they will take their talent elsewhere. I literally laughed out loud after writing that. Please, have at it hoss. Take your talent wherever the **** you would like.
Is it possible that the Obama administration is behind this move? Absolutely. First, Tim Geithner is a complete Wall Street guy. He believes in protecting the Wall Street bubble. That's why they were ecstatic when he was selected. And Obama himself is a guy who is instinct is almost always to be conciliatory. If Wall Street says this is necessary, he's going to want to reach out and appease them to get things moving. But not this time. This is a conciliatory move we cannot abide.
I voted for Obama, but I did not loan out my intellect to him. I can still make up my own mind on whether he is right or wrong. And if he is participating in this, he is 100% wrong.
They make a big display of yelling at the CEOs and then the very next day they quietly remove any cap on their compensation. These people are not on our side. This is why so many Americans are so damn frustrated. Everyone in power appears to be bought and paid for. There is a circle of people in DC and NY that keep passing the money around to one another and then come and collect it from us.
I want to know -- no, I demand to know -- who killed this provision? Who argued for taking this cap on executive pay out of the stimulus bill? Do we have a free and strong press in this country? Or are they in on it, too? If not, then find out who did this to us.
The constant non-sensical argument is that if we cap their pay, they won't want to participate in this system. Ooh, don't scare us now. So, we won't get the most incompetent and corrupt losers in America to participate in their own rescue? I'm shivering thinking about the possibility of losing out on the help of these geniuses.
We're wasting our time here. Just nationalize the damn banks already. Almost all of the top economists are now in agreement that we should take this step. The people who put the money in are the people who own the company -- that's how capitalism works. I'm a die-hard capitalist. I don't want the federal government owning banks for an extended period of time. But what's worse is to continue letting these bankers rob us of our money day in and day out while we sit around like fools.
We buy it, we own it. Kick the clowns out. Run it for a limited amount of time while we stabilize the credit markets. And then sell them off in the free market. Instead of begging the bankers to loosen up credit, we take the banks and do it ourselves.
At the very least, it is unconscionable to get rid of these pay caps. On what grounds do these people think they deserve millions of dollars for bankrupting their companies? How is that capitalism? That's not capitalism, that's cronyism. They pay the politicians, the politicians pay them. They have perverted the whole system.
No way. No way. No way. We have to stop this. If we don't, I guarantee you that we will look back and realize that the bankers actually did the most amount of damage and ripped off the system for millions more after the TARP program started and we let them walk away with all the money after the companies were bankrupt.
As Joseph Stiglitz says, they are bleeding the banks right now. It's a zero sum game, every dollar they take out is a dollar we have to put in. Why are we paying them for their incompetence?
My favorite joke is when people say if we don't continue to pay these clowns millions of dollars they will take their talent elsewhere. I literally laughed out loud after writing that. Please, have at it hoss. Take your talent wherever the **** you would like.
Is it possible that the Obama administration is behind this move? Absolutely. First, Tim Geithner is a complete Wall Street guy. He believes in protecting the Wall Street bubble. That's why they were ecstatic when he was selected. And Obama himself is a guy who is instinct is almost always to be conciliatory. If Wall Street says this is necessary, he's going to want to reach out and appease them to get things moving. But not this time. This is a conciliatory move we cannot abide.
I voted for Obama, but I did not loan out my intellect to him. I can still make up my own mind on whether he is right or wrong. And if he is participating in this, he is 100% wrong.
#100
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#101
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Point taken.
However, Barry's promised us change w/o telling us what will change.
And now, that he's been elected, change is coming in the form of Socialism dictated by the Democrats.
In order for the sheeple to buy into this, Barry's gotta use fear mongering, because he has nothing else.
However, Barry's promised us change w/o telling us what will change.
And now, that he's been elected, change is coming in the form of Socialism dictated by the Democrats.
In order for the sheeple to buy into this, Barry's gotta use fear mongering, because he has nothing else.
-Patriot act
-Cutting public education funds and redirecting the money into "war on terror".
-Every time you turn on the TV some middle-eastern guy's dirty face shows up with a terrifying headline underneath.
-Yep, he still has those WMD, more funding to find them please.
-In order for Bush Co. to get sheeple to buy this they have to use fear mongering because they have no credible sources outside Fox.
-etc etc
Has everyone just forgotten the last 8 years? You talk about fear mongering? Were you blind but now you can see? The media has ALWAYS played upon peoples fears. Happy news doesn't sell.
"I voted for Obama, but I did not loan out my intellect to him. I can still make up my own mind on whether he is right or wrong."
McCain/Palin was a joke. The last 8 years coupled with the Wall Street charade is what put us where we are today. I for one was not interested in repeating the same habits for another 4 years.
I am not convinced Barry's plan will magically fix anything, but it's a start. Getting too Socialist? Vote down propositions, write your senator/congressmen, think up a better solution and share it with others. Until you stop b**ching about it and DO something, you have no leg to stand on, sorry.
#103
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Why would people revolt to the government "trying" to save their jobs. It's amazing how little people care about political ideologies when they're out of work.
The large banks are a major source of this problem. If anything needs to be changed right away, it's them.
If there was a simple solution to this, it would have been used already. The fun part about economics is that it's all based on guessing. Nobody has a simple solution, this economy is going into triage and the government is trying to buy the biggest tourniquet that they can. But don't yell at government for trying to save our asses from another depression when the American people are the ones that ****ed up and got us into this mess in the first place. American capitalism has always been restored, even after socialized government help from the New Deal. The society as a whole will always embrace it and reject the stagnant economies of socialization.
Will this be our Lost Decade, maybe, but how much worse would it be if we just let the cornerstones of our economy collapse? I'm not interested in finding out which one is worse. But I do think action is better than inaction. Some people like to assume that the economy will always fix itself, but when was the last time that ever happened, at least when the situation has gotten this bad? Do we cross our fingers and wait for a WWIII to bring us back up, or do we actually try something first?
The large banks are a major source of this problem. If anything needs to be changed right away, it's them.
If there was a simple solution to this, it would have been used already. The fun part about economics is that it's all based on guessing. Nobody has a simple solution, this economy is going into triage and the government is trying to buy the biggest tourniquet that they can. But don't yell at government for trying to save our asses from another depression when the American people are the ones that ****ed up and got us into this mess in the first place. American capitalism has always been restored, even after socialized government help from the New Deal. The society as a whole will always embrace it and reject the stagnant economies of socialization.
Will this be our Lost Decade, maybe, but how much worse would it be if we just let the cornerstones of our economy collapse? I'm not interested in finding out which one is worse. But I do think action is better than inaction. Some people like to assume that the economy will always fix itself, but when was the last time that ever happened, at least when the situation has gotten this bad? Do we cross our fingers and wait for a WWIII to bring us back up, or do we actually try something first?
Last edited by Superglue WRX; 02-13-2009 at 10:23 AM.
#104
There's no need for confusion, just employ the principle of parsimony: it's because they aren't really against big government, they just say that to get elected.
#105
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I'm sure they will all reject this money because they are so opposed to it.