Comments on: Morning Bell: There They Go Again http://blog.heritage.org/2008/10/10/morning-bell-there-they-go-again/ Fri, 10 Feb 2012 22:29:33 +0000 hourly 1 http://wordpress.org/?v=3.3 By: C B LAW, Sr. http://blog.heritage.org/2008/10/10/morning-bell-there-they-go-again/#comment-6871 C B LAW, Sr. Sat, 11 Oct 2008 18:34:33 +0000 http://www.foundry.org/2008/10/10/morning-bell-there-they-go-again/#comment-6871 The "BAILOUT" was and is the worst of ideas. The American taxpayer should not get "stuck" with this terrible product of the financial industries wrong-doings, and its mistakes in judgement! I just can't BELIEVE how our leglislature got sold such a "bill-of-goods", where we the gov't, buy up all or most of those BAD Mortgages, thus covering up and rewarding the terrible errors of those overpaid bankers.... It really amounts to just more government "meddling" in the free enterprise system...supposedly "saving us from ourselves", once again. To me, this act by Congress and Bush is "locking-the-barn-after-the horse-is stolen" Too little; too late to accomplish anything, and basically VERY UNFAIR. It won't work, of course. It may be politically correct, but anyone with an ounce of sense, knows its a terrible mistake .... I say, let it ride, and see what happens: if there's a credit crunch for a while, SO BE IT; if businesses can't borrow at all or borrow as much as they want, SO BE IT; if home sales are slowed down for a while, SO BE IT; if there have to be big layoffs in the financial industry ,, SO BE IT; All those things probably got so overheated that the system needs a rest. I can't feel sorry for the industry (Wall Street) that paid $62 BILLION in bonuses in 2006. ( yes, thats Billion.!) Now, then, if big government just can't get along without some form of "BAILOUT", and if it's just got to happen, that they throw some of our money at it, How about doing it this way: U.S. Gov't buy large amounts of PREFERRED STOCK in those companies that are "too big to fail" ..preferred stock that gets priority over common stockholders, so when things DO come around ( and they will), the Gov't gets paid dividends first, and meantime no common stock dividends get paid until WE ( our good ole Gov't) gets paid dividends...That would work for me. Glory Be! Simple isn't it? The "BAILER-OUTERS" get paid first--the old stockowners, who basically got us in to this, get paid later. Why not? The "BAILOUT" was and is the worst of ideas. The American taxpayer should not get "stuck" with this terrible product of the financial industries wrong-doings, and its mistakes in judgement! I just can't BELIEVE how our leglislature got sold such a "bill-of-goods", where we the gov't, buy up all or most of those BAD Mortgages, thus covering up and rewarding the terrible errors of those overpaid bankers…. It really amounts to just more government "meddling" in the free enterprise system…supposedly "saving us from ourselves", once again. To me, this act by Congress and Bush is "locking-the-barn-after-the horse-is stolen" Too little; too late to accomplish anything, and basically VERY UNFAIR. It won't work, of course. It may be politically correct, but anyone with an ounce of sense, knows its a terrible mistake …. I say, let it ride, and see what happens: if there's a credit crunch for a while, SO BE IT; if businesses can't borrow at all or borrow as much as they want, SO BE IT; if home sales are slowed down for a while, SO BE IT; if there have to be big layoffs in the financial industry ,, SO BE IT; All those things probably got so overheated that the system needs a rest. I can't feel sorry for the industry (Wall Street) that paid $62 BILLION in bonuses in 2006. ( yes, thats Billion.!) Now, then, if big government just can't get along without some form of "BAILOUT", and if it's just got to happen, that they throw some of our money at it, How about doing it this way: U.S. Gov't buy large amounts of PREFERRED STOCK in those companies that are "too big to fail" ..preferred stock that gets priority over common stockholders, so when things DO come around ( and they will), the Gov't gets paid dividends first, and meantime no common stock dividends get paid until WE ( our good ole Gov't) gets paid dividends…That would work for me. Glory Be! Simple isn't it? The "BAILER-OUTERS" get paid first–the old stockowners, who basically got us in to this, get paid later. Why not?

]]> By: John Norris Seattle http://blog.heritage.org/2008/10/10/morning-bell-there-they-go-again/#comment-6870 John Norris Seattle Sat, 11 Oct 2008 16:13:08 +0000 http://www.foundry.org/2008/10/10/morning-bell-there-they-go-again/#comment-6870 One year ago our brilliant leaders were saying that they were afraid that the housing industry was going to pull the rest of the economy into recession so they quickly put together the WAll mart Rescue Act. 106 billion in cash payments to people that don't pay very much in taxes. it took 6 months to mail out the money and it seems as though it helped China a lot, accept that China was not the problem. Now our leaders are worried that the housing industry might pull us into a depression. 160 billion stymulus would pay a 40,000 tax credit to anyone who buys a house in the next year, it could be immediate by the stroke of a pen. The government will get 35% of back in tax reciepts and very little of it goes out of the country. One year ago our brilliant leaders were saying that they were afraid that the housing industry was going to pull the rest of the economy into recession so they quickly put together the WAll mart Rescue Act. 106 billion in cash payments to people that don't pay very much in taxes. it took 6 months to mail out the money and it seems as though it helped China a lot, accept that China was not the problem. Now our leaders are worried that the housing industry might pull us into a depression. 160 billion stymulus would pay a 40,000 tax credit to anyone who buys a house in the next year, it could be immediate by the stroke of a pen. The government will get 35% of back in tax reciepts and very little of it goes out of the country.

]]> By: AFNonline » Blog Archive » We Are All Socialists Now http://blog.heritage.org/2008/10/10/morning-bell-there-they-go-again/#comment-6851 AFNonline » Blog Archive » We Are All Socialists Now Sat, 11 Oct 2008 14:33:16 +0000 http://www.foundry.org/2008/10/10/morning-bell-there-they-go-again/#comment-6851 [...] Morning Bell: “Here they go again” - The Lighthouse: “The Lightness of Being Socialist” - Filed on Articles in “The [...] [...] Morning Bell: “Here they go again” – The Lighthouse: “The Lightness of Being Socialist” – Filed on Articles in “The [...]

]]> By: Michael J O'Bri http://blog.heritage.org/2008/10/10/morning-bell-there-they-go-again/#comment-6846 Michael J O'Bri Sat, 11 Oct 2008 05:33:44 +0000 http://www.foundry.org/2008/10/10/morning-bell-there-they-go-again/#comment-6846 Bravo to all. The spirit of good will and Adam Smith remain alive, his nemesis, Karl Marx, lives and reigns within our congress and country. Economic freedom has lost, and may never be the same. Keynes is here with Dodd and Frank, while McCain does not know who is serving dinner, or what is on the menu. Michael Bravo to all.

The spirit of good will and Adam Smith remain alive, his nemesis, Karl Marx, lives and reigns within our congress and country. Economic freedom has lost, and may never be the same. Keynes is here with Dodd and Frank, while McCain does not know who is serving dinner, or what is on the menu.

Michael

]]> By: Laura from Miami http://blog.heritage.org/2008/10/10/morning-bell-there-they-go-again/#comment-6836 Laura from Miami Fri, 10 Oct 2008 23:38:39 +0000 http://www.foundry.org/2008/10/10/morning-bell-there-they-go-again/#comment-6836 As usual when it comes to the Democrats, they get away with all kinds of unlawful acts, yet nothing happens to them. I think that Nancy Pelosi, Harry Reid, Chris Dodd, Barney Frank, and all the other ding bats in the democratic congress need to be put on trial for what they have done to this country. All you voters who wanted "change" and elected these ding bats into office, want more of the same? elect Obama, then we can just pack our bags and move out of the country with Susan Sarandon. Wake up good citizens, wake up!! As usual when it comes to the Democrats, they get away with all kinds of unlawful acts, yet nothing happens to them. I think that Nancy Pelosi, Harry Reid, Chris Dodd, Barney Frank, and all the other ding bats in the democratic congress need to be put on trial for what they have done to this country. All you voters who wanted "change" and elected these ding bats into office, want more of the same? elect Obama, then we can just pack our bags and move out of the country with Susan Sarandon. Wake up good citizens, wake up!!

]]> By: RickFromMichigan http://blog.heritage.org/2008/10/10/morning-bell-there-they-go-again/#comment-6826 RickFromMichigan Fri, 10 Oct 2008 19:03:33 +0000 http://www.foundry.org/2008/10/10/morning-bell-there-they-go-again/#comment-6826 As far as Ohio[and many other states]Obama+Acorn,and its predecessor, =major voter fraud in swing states.FBI investigates. As far as Ohio[and many other states]Obama+Acorn,and its predecessor, =major voter fraud in swing states.FBI investigates.

]]> By: The voice of reason http://blog.heritage.org/2008/10/10/morning-bell-there-they-go-again/#comment-6823 The voice of reason Fri, 10 Oct 2008 18:39:17 +0000 http://www.foundry.org/2008/10/10/morning-bell-there-they-go-again/#comment-6823 The condition of our fundamentality has to get back to values that we once held dear as a nation. The corruption and rape of are system Is treason. The our morals as A nation has declined and so has the economy . Foolish pride and false promises from so called leaders . The world Is watching and we can't fix our own broken government how can we fix others ? The money spent on the war should could have been used to strengthen our military and security here at home. We have to stop funding other countries for now freeze all the billions of dollars going out to the world except emergency relief aid and rebuild ourselves. charity begins at home ! Russia and china are poised and waiting to attack us and if you doubt it study history. All the tell tale signs are right under our noses. Common sense Is not very common these days ! We don't even own our own country anymore we have sold the American dream and our so called leaders are sleep at the wheel wake up ! wake up ! (It's not what your country can do for you It's what can you do for your country). Our troops better get home fast and regroup or the next war could be fought on our soil. The condition of our fundamentality has to get back to

values that we once held dear as a nation.

The corruption and rape of are system Is treason.

The our morals as A nation has declined and so has

the economy . Foolish pride and false promises from

so called leaders . The world Is watching and we can't fix

our own broken government how can we fix others ?

The money spent on the war should could have been used

to strengthen our military and security here at home.

We have to stop funding other countries for now freeze

all the billions of dollars going out to the world except

emergency relief aid and rebuild ourselves.

charity begins at home ! Russia and china are poised

and waiting to attack us and if you doubt it study history.

All the tell tale signs are right under our noses.

Common sense Is not very common these days !

We don't even own our own country anymore we have sold

the American dream and our so called leaders are sleep

at the wheel wake up ! wake up ! (It's not what your country

can do for you It's what can you do for your country).

Our troops better get home fast and regroup or

the next war could be fought on our soil.

]]> By: Nasdaq7, South Afric http://blog.heritage.org/2008/10/10/morning-bell-there-they-go-again/#comment-6821 Nasdaq7, South Afric Fri, 10 Oct 2008 18:02:35 +0000 http://www.foundry.org/2008/10/10/morning-bell-there-they-go-again/#comment-6821 Yes it is my view she started the world wide stock market collapse and possibly Greater Depression because of her bitter speech on the rescue package. The rescue package needed to go through to stabilize the markets. But the damage was done. The markets started to panic. Now everyone is poorer. Not only the CEOs she so hates. Yes it is my view she started the world wide stock market collapse and possibly Greater Depression because of her bitter speech on the rescue package. The rescue package needed to go through to stabilize the markets. But the damage was done. The markets started to panic. Now everyone is poorer. Not only the CEOs she so hates.

]]> By: Jack Kyle, Lubbock,T http://blog.heritage.org/2008/10/10/morning-bell-there-they-go-again/#comment-6819 Jack Kyle, Lubbock,T Fri, 10 Oct 2008 17:22:08 +0000 http://www.foundry.org/2008/10/10/morning-bell-there-they-go-again/#comment-6819 What’s The Difference? Let’s say I have a third cousin once removed that owns a hardware store and he has purchased too many power drills. A year ago he had an opportunity to purchase a large quantity of high quality drills at market value. He believed that because of the building boom, which had been on the rise most of his young life, there would be a great demand for these drills and he could easily double his money. He did not believe that the housing market would ever dry up. He woke up one morning with a room full of high-priced drills that nobody needed or wanted to buy. Even those that wanted to buy them could not get credit to do so. Because of the recent action by our federal government to buy many failed businesses and make huge loans to others, he believes they should do the same for him. He may have a point. If the government can take money out of his bank account, in the guise of taxes, to bail out others because of either bad business practices or down right criminal activities, why should they not bail him out as well? The government has said they have the right to take his money as well as yours and mine to keep “businesses of their choice” solvent. The key to being one of the “businesses of their choice” is to have contributed large sums of money to certain congressional leaders such as Barney Frank and Christopher Dodd, just to name a few. This cousin believes that the government should force you and me to either buy his drills or his business, the same as we are doing with these so called “Too Large to Let Fail Businesses”. He says his business may seem small to others but to him it is the biggest and only business in the universe. He says that either the government or you and I can forward his money to Las Vegas because he believes he can gamble with it as well as anyone else. Can you say “Suckers”? Jack Kyle What’s The Difference?

Let’s say I have a third cousin once removed that owns a hardware store and he has purchased too many power drills. A year ago he had an opportunity to purchase a large quantity of high quality drills at market value. He believed that because of the building boom, which had been on the rise most of his young life, there would be a great demand for these drills and he could easily double his money. He did not believe that the housing market would ever dry up. He woke up one morning with a room full of high-priced drills that nobody needed or wanted to buy. Even those that wanted to buy them could not get credit to do so.

Because of the recent action by our federal government to buy many failed businesses and make huge loans to others, he believes they should do the same for him. He may have a point. If the government can take money out of his bank account, in the guise of taxes, to bail out others because of either bad business practices or down right criminal activities, why should they not bail him out as well?

The government has said they have the right to take his money as well as yours and mine to keep “businesses of their choice” solvent. The key to being one of the “businesses of their choice” is to have contributed large sums of money to certain congressional leaders such as Barney Frank and Christopher Dodd, just to name a few.

This cousin believes that the government should force you and me to either buy his drills or his business, the same as we are doing with these so called “Too Large to Let Fail Businesses”. He says his business may seem small to others but to him it is the biggest and only business in the universe.

He says that either the government or you and I can forward his money to Las Vegas because he believes he can gamble with it as well as anyone else. Can you say “Suckers”?

Jack Kyle

]]> By: Randy, Prescott, Ari http://blog.heritage.org/2008/10/10/morning-bell-there-they-go-again/#comment-6816 Randy, Prescott, Ari Fri, 10 Oct 2008 16:14:50 +0000 http://www.foundry.org/2008/10/10/morning-bell-there-they-go-again/#comment-6816 Why don't we force the same standards on Congress that we have for ourselves? Namely, if you find yourself short, find ways to stimulate income that really work. Namely, stop spending. When you find yourself in a hole, stop digging. I hate to hammer the same old gong, but how many jobs could be stimulated right here in America if we opened up drilling for oil? Off shore oil could be started within months, not years, putting the people to work. What about a flat tax that would bring trillions of dollars back to this country (currently being held in off shore accounts)for investment into legitimate new business ventures (like alternative energy plants, not to mention all the small businesses that would spring up to support the new jobs created by these practices). Send a message to our politicans that we are tired of paying for their mistakes and corruption. Most of us can figure these things out on our own, what are they being paid for? Why don't we force the same standards on Congress that we have for ourselves? Namely, if you find yourself short, find ways to stimulate income that really work. Namely, stop spending. When you find yourself in a hole, stop digging.

I hate to hammer the same old gong, but how many jobs could be stimulated right here in America if we opened up drilling for oil? Off shore oil could be started within months, not years, putting the people to work. What about a flat tax that would bring trillions of dollars back to this country (currently being held in off shore accounts)for investment into legitimate new business ventures (like alternative energy plants, not to mention all the small businesses that would spring up to support the new jobs created by these practices).

Send a message to our politicans that we are tired of paying for their mistakes and corruption. Most of us can figure these things out on our own, what are they being paid for?

]]>