Sen. Graham Open to ‘Nationalizing the Banks’

It is hard to believe they can say things like this without their noses growing so they can no longer get into the capital building.
The entire Republican response to this bill has been one of political theater and calculation. They met and decided that their only chance to regain power is in the possibility that Obama will fail and they will have opposed them. That isn’t leadership. That is shooting craps which is about what they are worth anymore.
Good for President Obama to get back out with the people again. I wouldn’t want to hang out with people like this that care squat about the country compared to their own political fortunes.

“I admire the President for reaching out in bipartisan fashion,…”
Just how has Obama reached out in a bi-partisan fashion? I’d laugh if it wasn’t so outrageously an uninformed lie backed up by MSM propaganda for Obama. Republicans were totally kept out of the House Bill and had little or no input on the Senate bill. Republicans were not given a copy of the Bill in time to read it. Republican concerns for all the pork were ignored. This is a farce. Obama and the Democrats are shoving a spending and program bill through disguised as a stimulus bill with hysterical doom and gloom rhetoric to aid the President/Democrats in getting their way. Just watch the doom and gloom disappear quickly to make Obama look good.
Obama has spread fear not support for our country or a reliance on our strengths. Where is the “we can get through this” or “we are a great country who can overcome our problem” speeches? This man is pushing our country into socialism or beyond. He will be worse than Jimmy Carter, which is saying something.

I am amazed at the comments I see and elsewhere. We are to believe blindly in a President who has no real experience at anything…simply because he has grand vision. Exactly what is that vision and how does it apply in any way to the problems facing this country? How has he shown real leadership over the past 30 days? Do his cabinet selections make you think this will work out in the end? His Treasury Secretary, Geithner, goes before Congress to ask for $2 trillion dollars but fails to have details ready for review. Geithner’s basic response when asked about his program…trust me. And this coming from a man who failed to pay his taxes for several years.
Congress….not there’s a group that inspires confidence. Democrats in Congress were in large part the cause of the current financial crisis. They forced banks and mortgage companies to loan money to those who could not afford it. That “directive” encouraged those very same institutions to become a little more creative when it came to mortgages in general. Democrats in Congress weren’t happy to stop there, no, they encourage Fannie Mae & Freddie Mac to expand their risk profile to allow more and more lending….effectively poisoning the entire financial system.
And now, the same “leaders” who rushed through the $700 billion TARP program last fall are back asking us for $800 billion on new spending, $2 trillion on another bank bailout and possibly another $1 trillion for more “spending”….all at the drop of the hat and with literally no real review or discussion. The rationale…from Obama and the Democrats…we must spend of else face a depression. Real leadership…no doubt about it.
Regarding the Republicans…yes, they blew it the past 8 years spending money they should not have. However, I would rather they develop a backbone when it counts than continue to act irresponsibly.

Any of you pro socialism twits ever live in a country that has nationalized private industry/business? Have fun in long lines for EVERYTHING under the sun, if it’s even available. Food, gas, medicine, DR visit, you name it. Oh well, at least we have Obama to dream about..right?

Great.. just one more step on the road to socialism.

I am so sick of the whining repugnicans. It’s going to be a long 4 years. Pres.Obama did not make this mess. He inherited it. Shut up already you lost ! get over it. It is because of the republicans we are in this mess. It is obvious you don’t know how to cooperate.

Dishonesty & Greed behind it all. Where are the real leaders? We are looking at inflation like we have never seen. Germany in the late 20′s when the price of a meal could change before you finished eating. This is the end result of everyone for themselves without moral constraint.

Obama is out to destroy the US as we know it. He is just as bad as Chavez.
He was to be the Emperor and Savior.

Just heard on the BBC that Chavez has won in his referendum to remain in office indefinitely. This type thing is already percolating with the Obama cultists. Chavez says he needs at least 10 more years to complete his revolution. Now we may be faced with an Obama in the White House until his demolition completes.

Sen Graham is a Statist. He is a tool of the left. Thanks for reminding me to leave the GOP and become a Libertarian, Lindsey.

It is no surprise to find this site loaded with Obamas Kool Aid Drinkers, it is after all ABC. We all know that is a bastion of socialism all be it concealed under the guise of liberalism. Most liberals are to ignorant to realize that they have been duped into accepting socialism from Obama and the Democrat machine, however I digress.
While I despise the quisling Lindsay Graham, who has long been John McCains lapdog. I have to at least agree with him on this issue, let me educate you children on the benefits of a national bank over a central bank.
The central bank concept, contrary to popular opinion is one of the central tenets of Communism. It ws designed by the banksters for the banksters, the national bank would actually take the power away from the Lords of Capital for the first time in over a century. A national bank would mean that our government would not pay interest on our own money. Think about that concept all you crazy crackpot leftists? All your pet soicial programs would be possible, we can fight about those after we get our freedom back.

Barney Frank and Chris Dodd are the two who are responsible for wiping out the savings of retiring baby boomer’s. They pushed the Community Reinvestment Act which forced banks to extend loans to individuals who had no means to repay.
Electing a Marxist to implement more failed socialist policies is not smart, it is plainly ignorant. I hope you socialist bottom-feeders enjoy standing in line to get your monthly food rations.
Why would anyone invest a dime of their capital in this economy which has been Nationalized? The idiots are running the asylum. Idiots have traded their freedom for the privilege of allowing an ignorant government bureaucrat to make their decisions for them. That’s Progress?

James, Annie and Braith, obviously you are ignorant of basic economic. Try getting some education about the subject before you blog. All the idiot Dems have done is mortgage the future of this country. Look the world over and see how the socialist countries are doing and how their people feel. Do you want the government in your business that much. I don’t and I fought for our rights and freedoms and i will be damned if pea brained idiots like you, the liberals/Dems and the Rinos are going to sell my country out. I gurantee in 2 years after our economy has collapsed even more because of Reid, Pelosi, Dodd, Franks and Obama, you will see voters turning out to turn your favorite idiots out. So until you learn basic economics, don’t blog on subjects that show your stupidity. Better yet, why don’t you cry babies come back after you have served and done something for your country instead of taking from it. You are a bunch of losers.

I hope it won’t be long until all the lemmings race over the cliff! Would you in your wildest dream sign a contract you haven’t seen or read? We have the right President now for a bunch of IDIOTS!

SHAMRIKA, SHALIKQUA, SHARIMA– Whatever your ridiculous name is, you bettter get used to it because half the country did not vote for the black messiah and we are not going to let him nor you his brain-damaged acolyte, further take us down the road of destruction. It’s obvious by your writing that you are clueless of history and reality– but keeping drinking the kool-aid while it lasts, because the party ain’t gonna last for long. Even your own party is starting to figure out what a sham NOBAMA is.
Posted by: sharima

Miguel Veras – I believe you are talking to the wrong person. I am absolutely & totally against socialism. I actually think we should get rid of Social Security and Medicare. Your post directed at me, makes it look as though I am for socialism. And I do not appreciate being called names. I don’t call people names & I expect the same courtesy in return. I am, however, going to respond to your rude comments line by line:
“you have got to be a cool-aid drinker, who doesn’t work, has no life, blames everyone and points finger.”
The term is “kool-aid”, not “cool-aid”. I work. I have a life. I blame no one. I believe in personal responsibility. It makes me sick that all these people have their hands out because they weren’t responsible.
“HEY IDIOT. ALL THE politicians, including you beloved obama and his crooks like axelrod, are screwing you and you like it.”
Again – do not call me names. It completely destroys what little credibility you have. Obama is not my beloved. I did not vote for the man. Even though I did not care for John McCain either, I voted for him to try & keep Obama out of the White House. I wanted to vote for Ron Paul.
“you are a fool who need to fall into a pit of hot melting oil, and even then you will fall into the pot because you’re an idiot.”
This isn’t even a sentence, so there is no way to even begin to respond to it.
“You want to live in Venezuela, MOVE THERE, and take Obama and Congress with YOU!”
Why would I want to live in Venezuela, when I despise socialism?

I keep hearing it’s the government’s fault. I hear that congress is to blame, the rich CEO’s, the auto makers and workers, the unions, the banks and financial instituions, and why don’t we also throw in the kitchen sink … I am sure we can find a way to blame it also!
Let me reiterate one point and that is we as consumers are to blame. When times were good, we used to boast of the level of home ownership achieved. We drove our Escalades around burning gas at the highest rate of consumption in the world. We fought and are fighting two wars … one to preserve oil reserves for our future consumption. We don’t save as a society, live beyond our means and blame everything else for our own problems!

Housing inflation is what has busted the bubble. It was something that could have been prevented if only the republican majority had taken responsible measures and allowed interest rates to rise and curb run away inflation. Because they turned a blind eye to the indicators and instead kept interest rates at historic lows to simulate a robust economy the feeding frenzy in housing continued long past any responsible period of correction. Now people who bought houses at radically inflated prices will have to endure a collapse until prices adjust to a more realistic value. The one point the Obama movement must understand is that you CAN NOT BUY BAD LOANS and help this situation. You can rewrite loans and secure the normal 80% through a federally insured program. But the lending institutions who originally underwrote these notes must hold a second mortgage for the remainder and hope they get their money. If the property enters foreclosure the mortgage in second place generally takes the hit rather than the taxpayer losing all Congress might in this process. If the mortgage companies prefer to hold first position and go down with the ship then the federal government can buy the same property on the court house steps and secure a first mortgage position at that point. The people who fed the problem must not be rewarded by this costly cleanup process. If they are not made to be responsible within this process it undermines every honest concept within capitalism and instead endorses a good scam over an honest business.

To cure cancer you have to get to the roots. Look ino the ‘Private Bank’ set-up. Did you know that every bank has a Private Bank where the immediate managers have imperialistive authority – rules are imposed as per their perception. Next to sub-prime lending this monster will rear its head as we all concentrate on the housing market. Subpoena all the middle management and the lower management if the banking and eventual economic issue has to be resolved.