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quade

YOU have GOT to be kiddin' me? $850B up from $700B in "Sweeteners"

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Well, if you read the WSJ page A19, you would know the answer to that question.

Please post facts on the role those people played in this fiasco; I'd love to see it...or are you playing partisan?
"A man can never have too much red wine, too many books, or too much ammunition"...Rudyard Kipling

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Well, if you read the WSJ page A19, you would know the answer to that question.

Please post facts on the role those people played in this fiasco; I'd love to see it...or are you playing partisan?



Since when was the WSJ non partisan?:D
...

The only sure way to survive a canopy collision is not to have one.

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On the plus side, this may be the first time this particular group in Speakers Corner have ever simultaneously agreed on something.



What is sad is that it is still being done even if most of the population does not want it.

What happened to for the people by the people.
I'd rather be hated for who I am, than loved for who I am not." - Kurt Cobain

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>What is sad is that it is still being done even if most of the population does not
>want it.

In general, that is considered a good quality in a politician i.e. the guy does not flip flop depending on whichever way the wind is blowing. Sort of the mainstay of representative government.

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I've already called both my Senators...I've already contacted my Congressman



i called my senators yesterday and my rep this morning. it was a surprisingly pleasant experience. each person i talked to listened, or at least was quiet while i talked, and said they would pass the message on. of course no one is going to say "senator craig, kj says you should vote no", but they will pass on that 9 out of 10 callers are pissed about this. i would encourage everyone to make a call and let their feelings be known. it is very easy and takes less time that making a couple dz.com posts.


"Your scrotum is quite nice" - Skymama
www.kjandmegan.com

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What is sad is that it is still being done even if most of the population does not want it.

What happened to for the people by the people.



I honestly think a lot of the folks in DC realize their 8 years of crazy assed spending fun is coming to a draw (no matter who wins) and are making their one last score. The whole "hurry up we HAVE to do this right now" crap is because they want to get back to their states before November and try to get re-elected. They know that if they don't rush it through, their last chance at this huge pork barrel will vanish.
quade -
The World's Most Boring Skydiver

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What is sad is that it is still being done even if most of the population does not want it.

What happened to for the people by the people.



I honestly think a lot of the folks in DC realize their 8 years of crazy assed spending fun is coming to a draw (no matter who wins) and are making their one last score. The whole "hurry up we HAVE to do this right now" crap is because they want to get back to their states before November and try to get re-elected. They know that if they don't rush it through, their last chance at this huge pork barrel will vanish.



from Bloomberg:

The legislation authorizes the government to buy troubled assets from financial institutions rocked by record home foreclosures. It contains provisions favored by House Republicans, including $149 billion in tax breaks, a higher limit on federal bank-deposit insurance and a change in securities laws.
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The only sure way to survive a canopy collision is not to have one.

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More BS from you but no facts to dispute the point.

These Dems denied time and again that Fannie Mae and Freddie Mac were in trouble when GOP politicians were trying to pass legislation to impose controls on these agencies.

All you can do is claim the WSJ is partisan. Weak!
"A man can never have too much red wine, too many books, or too much ammunition"...Rudyard Kipling

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>when GOP politicians were trying to pass legislation to impose controls on these
>agencies.

You do realize that GOP politician Phil Gramm did more than any other politician to REMOVE such controls, right? I mean, blame the democrats because they "didn't do more" all you like. You might also want to consider who actually removed the safeguards that let all this happen.

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>Such as? Sight factual examples.

If you mean "cite examples" then:

==========
Gramm was one of five co-sponsors of the Commodity Futures Modernization Act of 2000. One provision of the bill was referred to as the "Enron loophole" . . . Some critics blame the provision for permitting the Enron scandal to occur. Gramm's wife, Wendy Lee Gramm, was on the board of directors of Enron when it famously collapsed, giving the legislation its moniker, and she was named in many of the subsequently settled lawsuits. . . .

The act specifically banned regulation of credit default swaps. These unregulated instruments, insurance policies against default on risky investments like mortgage backed securities, necessitated the government bailout of insurer A.I.G.
==========
The Gramm-Leach-Bliley Act, also known as the Gramm-Leach-Bliley Financial Services Modernization Act, Pub.L. 106-102, 113 Stat. 1338, enacted 1999-11-12, is an Act of the United States Congress which repealed part of the Glass-Steagall Act, opening up competition among banks, securities companies and insurance companies. The Glass-Steagall Act prohibited a bank from offering investment, commercial banking, and insurance services. . . .

Economists Robert Ekelund and Mark Thornton have criticized the Act as contributing to the 2007 subprime mortgage financial crisis, arguing that while "in a world regulated by a gold standard, 100% reserve banking, and no FDIC deposit insurance" the Financial Services Modernization Act would have made "perfect sense" as a legitimate act of deregulation, under the present fiat monetary system it "amounts to corporate welfare for financial institutions and a moral hazard that will make taxpayers pay dearly".
==========

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Given the votes on the bill, an assload of Dems also voted in favor of it.;)



A lot of Democrats voted to give the authority to President Bush to take action in Iraq. That doesn't mean they weren't lead down a primrose path by false information.

Who's more responsible; the people that initiate and obfuscate or the people that are duped into agreeing?
quade -
The World's Most Boring Skydiver

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so we're still going to blame Bush for the information given to him by others.
makes sense to me...:S
if the Dems were mislead with false information, how is it impossible for you to say the same about Bush?
He didn't personally create the information.

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so we're still going to blame Bush for the information given to him by others.
makes sense to me...:S
if the Dems were mislead with false information, how is it impossible for you to say the same about Bush?
He didn't personally create the information.



Actually, I'm starting to blame GWB personally less and less. I believe he was a puppet for the PNAC. Specifically Cheney, Rumsfeld, Wolfowitz . . .

Ultimately it's GWB's signature on the orders, but he was a puppet.

Much as I believe Palin will become if McCain is elected and McCain dies.
quade -
The World's Most Boring Skydiver

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I'm not comfortable with either veep.
I also don't "count" on McCain dying as so many seem to want to do.



I don't count on him dying. It's the thing I fear.

Both candidates have extremely good chances of dying in office. You HAVE to consider the back ups.
quade -
The World's Most Boring Skydiver

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I hope each of them suffers the next time they are up for re-election. My guess is, unfortunately, their constituents are too stupid to vote them out of office.



Given how stupid Bush's constituents proved in re-electing him, you're probably right.

Blues,
Dave
"I AM A PROFESSIONAL EXTREME ATHLETE!"
(drink Mountain Dew)

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