Did this bill fix anything or did it just put a band aid on a cut that will shortly began to bleed again?

I think this was another Chicken Little ploy and we all got taken to the cleaners again.

Let's wait and see.

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"The significant problems we face cannot be solved at the same level of thinking we were at when we created them." A.E.
Push a liberal hard enough, and he will clean out the temple.

I give it less than 6 months.

Bandaid on a gushing aorta. Will not solve it. This bubble should have been allowed to burst naturally. In a couple of years we may be on the brink of collapse. This bill should have failed.

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Learn to labour and to wait -- Longfellow

Don'T worry..they are well prepared for the next crisis



According to a report published Monday by the Washington Post, the Pentagon has developed its first ever war plans for operations within the continental United States, in which terrorist attacks would be used as the justification for imposing martial law on cities, regions or the entire country.
The front-page article cites sources working at the headquarters of the military’s Northern Command (Northcom), located in Colorado Springs, Colorado. The plans themselves are classified, but “officers who drafted the plans” gave details to Post reporter Bradley Graham, who was recently given a tour of Northcom headquarters at Peterson Air Force Base. The article thus appears to be a deliberate leak conducted for the purpose of accustoming the American population to the prospect of military rule.

According to Graham, “the new plans provide for what several senior officers acknowledged is the likelihood that the military will have to take charge in some situations, especially when dealing with mass-casualty attacks that could quickly overwhelm civilian resources.”

The Post account declares, “The war plans represent a historic shift for the Pentagon, which has been reluctant to become involved in domestic operations and is legally constrained from engaging in law enforcement.”


Pentagon devising scenarios for martial law in US

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"This country, with its institutions, belongs to the people who inhabit it. Whenever they shall grow weary of the existing government, they can exercise their constitutional right of amending it or their revolutionary right to dismember it or overthrow it." -- Abraham Lincoln, 4 April 1861

Remember, remember, the 11th of september The Gunpowder Treason and plot;
I see of no reason why Gunpowder Treason
Should ever be forgot.....

I was dead wrong. California wants to borrow 7 Billion dollars..

We're tapped out---screw em.

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"Some men eventually stumble over the truth but they usually pick themselves up and walk on as if nothing ever happened."
-Winston Churchill

"But though there is no difference in this respect between the best demagogue and the worst, both of them having to present their cases equally in terms of melodrama, there is all the difference in the world between the statesman who is humbugging the people into allowing him to do the will of God, in whatever disguise it may come to him, and one who is humbugging them into furthering his personal ambition and the commercial interests of the plutocrats who own the newspapers and support him on reciprocal terms."
-George Bernard Shaw

On a deficit that's 15 billion or so. Let em' sink.

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"Last night as I lay in bed looking at the stars I thought 'Where the hell is the ceiling ?'"
-Mad Scientist

crisis..what crisis..we can just print 7 billion dollars more .. and devalue the dollar and your savings..you can cover it with your labour and children's labour.. paper and ink is cheap....simple...no crisis

__________________
"This country, with its institutions, belongs to the people who inhabit it. Whenever they shall grow weary of the existing government, they can exercise their constitutional right of amending it or their revolutionary right to dismember it or overthrow it." -- Abraham Lincoln, 4 April 1861

Remember, remember, the 11th of september The Gunpowder Treason and plot;
I see of no reason why Gunpowder Treason
Should ever be forgot.....

throw in New York saying they'll money too.

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The whole aim of practical politics is to keep the public alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

HL Mencken (1923)

We ? You mean the Fed. The Fed isn't we--it's our friendly banker.

__________________
"Some men eventually stumble over the truth but they usually pick themselves up and walk on as if nothing ever happened."
-Winston Churchill

"But though there is no difference in this respect between the best demagogue and the worst, both of them having to present their cases equally in terms of melodrama, there is all the difference in the world between the statesman who is humbugging the people into allowing him to do the will of God, in whatever disguise it may come to him, and one who is humbugging them into furthering his personal ambition and the commercial interests of the plutocrats who own the newspapers and support him on reciprocal terms."
-George Bernard Shaw

I was listening to NYC Mayor Bloomberg today on WOR 710, a man who I respect for his business experience more than any of his other political attributes. Basically, he summed up what I fear for the markets.

This Bailout plan is a temporary relief plan, it is a band aid too small to cover the whole wound. All it is doing is telling banks that whenever they f-up (which is too numerous for comfort) the good ol' USA will bail them out. Furthermore, the real problem here is that there is a lack of confidence within the US now concerning the security of banks.

A fear that I believe is well supported by present circumstances. The Bailout Plan helps, but in the long run...what does it prevent?

It's certainly coming. This bailout is only a short-term solution, it only adds to the long-term issues. Our next crisis is coming, and it will be much worse than this last one. I wonder if they'll still blame the free market.

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"Power always thinks it has a great soul and vast views beyond the comprehension of the weak, and that it is doing God's service when it is violating all his laws." - John Adams

"In questions of power, then, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution." - Thomas Jefferson

"If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy." - James Madison

This problem simply leaves us with an even weaker economy thatn we had.

The next shock to the system will be even harder to deal with.

What will that next shock be?

Take your pick, it could come in mnay forms, natural disaster, another war we cannot afford, some brewing economic diaster in one of our trade partners, anothe dramtic spike in energy prices, are just a few possible things that could knock us over again.

Until we solve the problem of Americans who cannot find suitable work that pays a living wage, the root source of this problem (we're getting poorer as nation!) will continue to plague us.

If we started today, I submit to you all it would take at least a generation or two for us to climb out of the hole we've dug for ourselves,

And since I see NOBODY who is willing to tell Americans the hard facts about WHY Americans aren't making it, (they keep blaming the OTHER PARTY) I do not think we're really going to fix this problem.

You've said a mouthful there. No one is telling the truth, for about ten days the fought and argued and told us how urgent this bailout was needed, the president signed it the very same day. Then lo and behold, the congresscritters went on vacation, won't be back til after the election. So who is fixing the problem that was so urgent?

Anyone who thinks it's over is just hiding from it.

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All things in moderation and reality.

If you can't laugh at tragedy then the tragedy will only weigh you down and keep you from moving on. - A KittenKoder Original (I hope)

Role Playing Games are for fun, to be enjoyed and tell stories, the dice are just there to keep your hands busy. - KittenKoder

Going to war over religion is basically killing each other to see who has the better imaginary friend. - Richard Jeni

Religious people really don't know much about religion. - Bill Mahar