1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

President Bush's Speech Tonight

Discussion in 'Political Debate & Discussion' started by KenH, Sep 24, 2008.

  1. North Carolina Tentmaker

    Joined:
    Sep 19, 2003
    Messages:
    2,355
    Likes Received:
    1
    No, we will just loose jobs and homes, you know, stuff like that. Yea its a good thing we don't have money in the market, it would hurt to loose that.
     
  2. KenH

    KenH Well-Known Member

    Joined:
    May 18, 2002
    Messages:
    41,907
    Likes Received:
    1,469
    Faith:
    Baptist
    Well, we give Ronald Reagan credit for winning the Cold War even though the Soviet Union was failing even before he took office - because he was the president at the coup de grace. Well, for the same reason George W. Bush will get the blame for killing democratic capitalism in this country - because he was the president at the coup de grace.
     
  3. carpro

    carpro Well-Known Member
    Site Supporter

    Joined:
    Oct 14, 2004
    Messages:
    25,823
    Likes Received:
    1,167
    Faith:
    Baptist
    Brilliant speech and political strategy by Bush!!!!! :applause:

    Up until now, democrats solution was to leave town because they didn't have a clue what to do.


    Bush has forced their hand. Now they have to at least ACT like they want to solve the problem.
     
  4. KenH

    KenH Well-Known Member

    Joined:
    May 18, 2002
    Messages:
    41,907
    Likes Received:
    1,469
    Faith:
    Baptist
    Isn't that a quote from last week, carpro? Please try to keep up. People have been working very hard on Capitol Hill this week. Your hatred for Democrats is blinding you to the facts.

    Also, are you on board, then, with Secretary Paulson's socialistic scheme?
     
  5. carpro

    carpro Well-Known Member
    Site Supporter

    Joined:
    Oct 14, 2004
    Messages:
    25,823
    Likes Received:
    1,167
    Faith:
    Baptist
     
  6. Revmitchell

    Revmitchell Well-Known Member
    Site Supporter

    Joined:
    Feb 18, 2006
    Messages:
    52,013
    Likes Received:
    3,649
    Faith:
    Baptist

    It was wise for him not to make such a fallacious statement. People who had bad credit were given loans as a result of the Clinton admin push to give them loans. It is a result of bad loans given to people with bad credit. Period.

    http://www.dissentmagazine.org/article/?article=1229
     
  7. TomVols

    TomVols New Member

    Joined:
    Oct 30, 2000
    Messages:
    11,170
    Likes Received:
    0
    The first part of the speech - how we got into this mess - was spot on for the most part. Bush explained it in terms most Americans who frankly don't know the difference between preferred stock and livestock, could understand. I applaud him for being didactic. His speech was indeed bereft of details, but then again remember that had he went into detail, the American public would likely have been unable to recite the alphabet afterwards. They don't get it.

    It was a good speech. It calmed the markets and anxious investors. It may have been one of his most presidential moments. That said, I still think this is an idea that stinks. He has not given enough details and you know the Dems are salivating at their chance to get more socialistic ideas, just the way the GOP is fawning to take their new Keynesian cars out for a spin in this streets of this bill. But good rhetoric is good rhetoric. As usual, its delivery was somewhat average. But that's about as good as Bush can do anymore. At least his demeanor was such that most people I talked to today felt reassured.
     
  8. Bible-boy

    Bible-boy Active Member

    Joined:
    Sep 1, 2002
    Messages:
    4,254
    Likes Received:
    1
    Please try to keep up and in context. I was talking about the U.K. of the 1980s under Tory leadership not present-day U.K. under Labor leadership...:tonofbricks:
     
  9. LeBuick

    LeBuick New Member

    Joined:
    Jun 8, 2006
    Messages:
    11,537
    Likes Received:
    1
    Actually, if you've been watching, it's the conservative senators that are refusing to sign. I understand, their philosophy is no government intervention but it isn't fair to say the Dems are holding this up.
     
  10. poncho

    poncho Well-Known Member

    Joined:
    Mar 30, 2004
    Messages:
    19,657
    Likes Received:
    128
    [FONT=Times New Roman, Times, serif]
    "I'm a strong believer in free enterprise, so my natural instinct is to oppose government intervention. I believe companies that make bad decisions should be allowed to go out of business."
    [/FONT]

    Chuckle snort.

    [FONT=Times New Roman, Times, serif]And this is why he nationalized airport security, created huge new bureaucracies, spent more than any president in American history, centralized control of education, put up more protectionist barriers than Clinton and his father combined, bailed out airlines, presided over the Sarbanes-Oxley reign of terror, unleashed anti-trust regulators, intensified health-care controls, and pretty much used every headline as an excuse to demand more money and power?

    [/FONT][FONT=Times New Roman, Times, serif]"The FDIC has been in existence for 75 years, and no one has ever lost a penny on an insured deposit, and this will not change."[/FONT]


    On the other hand...

    [FONT=Times New Roman, Times, serif]But the penny itself has lost 94% of its value in those 75 years precisely because of institutions such as the FDIC and the Fed. Does he really think we are that foolish? [/FONT]
    [FONT=Times New Roman, Times, serif]
    "The problems we're witnessing today developed over a long period of time. For more than a decade, a massive amount of money flowed into the United States from investors abroad because our country is an attractive and secure place to do business."
    [/FONT]
    [FONT=Times New Roman, Times, serif]
    So those nasty foreigners did it to us, huh? Maybe it was Bin Laden who sneakily tried to create a credit bubble by investing in U.S. stocks!

    [/FONT][FONT=Times New Roman, Times, serif]"As uncertainty has grown, many banks have restricted lending, credit markets have frozen, and families and businesses have found it harder to borrow money."[/FONT]

    [FONT=Times New Roman, Times, serif]
    Imagine that! We might have to live within our means for a bit. That would actually be a wonderful thing. Maybe a recession would last a year or 18 months, and then we would be back on solid footing again. He very nearly admits that too much credit is what created this mess. So he proposes more credit so that we can continue to live on too much credit. And then what happens next time? Ever more credit? This path ends in Weimar-level inflation and total destruction.
    [/FONT]

    Source.

    What isn't there to get Tom? The bankers put their own necks in a noose and demand we rescue them or risk financial collapse and "global" turmoil. Let em hang themselves and be done with it.

    Had Bush actually went into detail the American public might catch on that the whole system the central banking and government yahoos have set up and protected lo these many decades at our expense is the problem!

     
  11. chuck2336

    chuck2336 Member

    Joined:
    Mar 8, 2007
    Messages:
    588
    Likes Received:
    2
    Who was it that signed NAFTA? Was it a Republican or a demoncrat? If I remember right it was slick willy.
     
  12. TomVols

    TomVols New Member

    Joined:
    Oct 30, 2000
    Messages:
    11,170
    Likes Received:
    0
    No, Poncho. Americans don't understand economics, finance, or banking as a whole. This board ought to prove that to you.
     
  13. poncho

    poncho Well-Known Member

    Joined:
    Mar 30, 2004
    Messages:
    19,657
    Likes Received:
    128
    Yeah but I have faith in people Tom, excluding politicians of course that if you explain it to them very slowly and over and over sooner or later they'll forget it.

    Seriously though what's not to understand? The Fed loans our government something that doesn't exist in whatever amount it asks for and only expects to be repaid in the full amount plus interest. Seems fair enough. If you're a central banker. If you're a taxpayer or consumer it's a ripoff.
     
Loading...