The Recession’s Toll

Bailouts and debt on top of more debt will save us all!

I’m more stressed out about the environment and the animal friends going extinct than paper money. People are stressed over MONEY? Typical of a brainwashed, greedy, culture. Good riddence when it’s gone.

These gloom-n-doom articles from the media (including this one) is stressing me out more than the economy itself. We all know times are bad so PLEASE STOP shoving it down our throats.

Republicans got us into this mess with 12 years of Congressional rule, 8 years of record deficits under W, and unbridled encouragement of off-shoring of American jobs… and now they are “stressed out” and blaming their own years of mis-management and malice upon Democrats who are scrambling to save the sovereignty of our nation and the livelihoods of citizens. They are acting like thieves, declaiming that the were framed by the cops who caught them with the stolen goods!

“Hey, I got a real good right-side-of-the-isle solution” “says Pres”.
The money we owe is far greater than the output we have had the last 2 decades and we have a man who thinks a few billion on war sunk us. Laughable.
But as Chuckie stated” why quiblle over a few billion of porkie items”.

Clinton had a Republican congress.
Bush had a Democratic Congress.
The budget done by congress…hmmm.
We blaim W. Why?

Blame goes back to Clinton for the housing crisis, he changed the rules for loans to allow anyone to buy a house when they could not afford it.
Democrats in the past 2 years have controlled congress and destroyed America.

Gee, david, the national debt went from $2.6 trillion “two decades” ago (late 1988) to just over $4 trillion before the 1992 elections 4 years later, on to $5.6 trillion in 2000 after 8 more years, and to over $10 at the end of September after yet another 8 years. Not sure where the $4.4 trillion went between 9-2000 and 9-2008, if not to hidden costs of war and no-bid contracts to that Dubai firm, Halliburton. Sure didn’t line MY pockets none!

I feel sorry for al you cry babies If it wasn;t for the news and the stock market I would know anything was wrong beside it not as bad as it was under Jimmy Carter who gave us double digit interest rate and double digit unempolyment

Jorden – as a Republican, I have to say you are right. The Republicans overspent, forgetting what Reagan Republicans believed in. Small government and low taxes. That is the ONLY thing that works. O’Bama’s speech was wonderful until you break it down and really decipher what he wants to do. He wants government to run it all! Health care, jobs, railways, post office (two good reasons why the government SHOULDN’T run it all). And the Democrats say “ONLY 10 BILLION is earmarks in this new 401 billion bill.” Does this tell you where we are???? Let’s clean house (and senate) in 2010.

The Bush era created an attitude among many that capitalizing on the defects within capitalism is the best method to profit under capitalism. Playing just outside of the moral and legal line has profited some beyond belief. However vague that legal line might have become through the deregulation efforts of the republican majority anyone who profited by violating a law must now be apprehended and prosecuted to the full extent of the law or what America has experience was another era of the Roaring 20’s where bootleggers and other mobsters became unbelievably powerful and wealthy.
If the Obama Administration fails to pursue the modern day mobsters and prosecute them, the Grassroots support he has secured will begin to dissipate. The radical Right will keep an all out attack attempting to penetrate these supporters and pollute as many as possible into believing that Obama is just more of the same type of bureaucrat that created the economic failure mechanisms that now threaten American dreams.
Housing is not the only dream. Prosperity and the pursuit of happiness encompass much more than just shelter. Being able to enjoy the journey of life as one goes through life, ranks at the top of the dream chart for many Americans.
Today the solvency of businesses at every level is under threat because of scams from Wall Street down to Main Street, which were ignored under the Bush Administration. To continue his growing bipartisan voter support, Obama must make it clear of his commitment that whenever it is discovered anyone might have stepped over the line and profited through corrupt or criminal behavior that these potential white collar criminals will be investigated and if found guilty prosecuted. White Collar Crime is rampant today. The frightening fact is that many of these criminal acts could trail back to some of the highest ranks within Washington. Once such a possibility is exposed the republican slime machine would become rabid and would threaten the stability of the peoples’ confidence of the democrat majority. The radical right would predictably change the focus of the debate to feed their own selfish agenda and threaten the probability of our system recovering from our current economic crisis.
However the genuine realization of greatness for Obama will be when Americans are convinced of his integrity to pursue investigating problems whether they could lead back to his enemies or his allies. If he exemplifies these profound traits of a Statesman, Americans and will the World, will follow him anywhere. It’s just that simple….

Enough is enough, when will this welfare of the banks end? These ###s are going to keep coming back for more and more. They are just lumping all their losses and cost of running the banks, salaries, bonuses, and perks as losses to get more money from this welfare program. President Obama, you have to take this bull by the horns and stop letting them play us for fools. Let them fail already and stop pouring more and more billions into this endless pit of shame. I would rather help the auto industry and people before helping these SOBs who are raping people left and right with their obscene credit card rates and mortgages. They are NOT doing anything for America. Why is this so hard to understand?

The republicans are full of promise or at least full of something.
Let’s see……..Palin, Steele and now Jindal, the GOP seems to be moving in the wrong direction or have they just plain given up?
I haven’t a trio like this since Larry, Moe and Curly.

Americans can not support bailing out sectors of the nation that have become rabid with greed in real estate. Certain professionals within the real estate industry of these areas must be investigated and prosecuted when malfeasance and mismanagement is discovered. The real estate markets in the CA, FL, AZ, NV and Detroit areas did not get so radically upside down in inflated prices without extended neglect by someone. The real estate values in these areas must now deflate toward reality rather than continue the mirage of value in properties that were propped up by those in the greedy real estate industry. Now real estate values across America are suffering because these profiteers took their scams too far into a lending crisis. I understand the seriousness of our condition as I lived through a similar one in the 80’s as a General Residential Contractor with millions in inventory while interest rates soared to 18%. Today our government is choosing to enable the finance addicts within our society rather than drawing healthy boundaries that the majority lives happily within.
Solving the economic crisis can not be accomplished by attempting to save real estate values in the vary areas that are over inflated. Those Gold Rush Boomtowns are doomed to collapse. Either industry must be promoted in these areas, which helps the affected homeowners afford their mistakes or the banks in those areas, which profited from these obscene inflated property loans, must be investigated and liquidated.
Pour new money into solving problems that we have been talking about for decades like healthcare, education and Social Security. Build our infrastructure that will serve Americans better for decades to come and we will enjoy both a short term and long term benefit from that government injection of money. Rescuing banks and property owners that are in a wild fire of collapse can not be accomplished by throwing more money on the fire…. Ya got to know when to hold them and when to fold them….
Areas within the Gold Rush Boomtowns must be allowed to adjust and deflate even into ghost towns that one day will recover. Otherwise you will compromise the remainder of America’s economy trying to save the people who chose to participate in rampant feeding frenzy of greed.

…of course, you could look at this a bit differently: from 9-1980 through 20 years of Presidents Reagan, Bush 41 and Clinton, the national debt rose by $4.76 trillion. Then, over just the next 8 years, it rose by another $4.35 trillion (again not counting the last 4 months of the Bush term.)

I have been pleased to see more thought put into many of the comments posted on these websites and not just the hateful blame game, giving each other real numbers and honest comments with real research to back up your thoughts and not just what we may hear from talking heads on each side of the political world.
One of the things I have seen is MOST of us are starting to realize all of us except the very rich are in this together. Republican or democrat, we are Americans All, The one thing the very rich fear is the people all working together for a better nation. Actually certain parts of the French Revolution look good to many of us, the fancy pants folks didn’t look so arrogant with out a head!!

“Today the solvency of businesses at every level is under threat because of scams from Wall Street down to Main Street, which were ignored under the Bush Administration.”
================================
Lets see, you mean like when Barney Frank was telling everyone Freddie/Fannie were fine…when he KNEW how screwed up it all was!!!!
When are you liberal puppets going to get the simple facts of history right? The blame for this mess is on BOTH parties!! BOTH!!!!
You all justify this insane tsunami of spending by Obama by saying its ALL Bush’s fault. So in your wide eyed view of the past 8 years, the Democrats just curled up in the fetal position in the halls of the Capital. For 8 years they were useless, brain-dead wimps…right?
Wake up people, realize everyday more people are beginning to see that this is not going to work.

Wasn’t this recession planned a few years ago to bring about the north American Union?