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THE CHATTER BOX

 
  
  
  The Chatter Box : Blathering On
  
  
  
 
The Economy Is a Vehicle... by MMMmmm... on 29 September 2008 7:48pm
 
More people need to understand the business economy is a vehicle we all need and use everyday, to get around in our lives.

Wall St. is a failing engine, it needs a jump start first, a rebuilt, improved "new" engine second, or it will fail all of us, perhaps with more permanent damage.

It can be done in a pro-Main Street way.

I am definitely against CEO golden parachutes.

But Republican de-regulation did get us here. They can't have their cake and eat it too. (Which is what they always try to do.)

 
Re: The Economy Is a Vehicle... by geordiegirl on 30 September 2008 2:28pm
 
The market, eh. donchya just lerve it? The way they want less, much much less regulation to do their thing, then squeal for bailing-out?

And the Republicans have just rejected the new bail-out plan (Husband & I just love to hear, as you must all be relishing, George Bush being called a Socialist!)

Just hope the Republicans come to their senses & agree intervention before too many other banks etc topple.
 
Re: The Economy Is a Vehicle... by MMMmmm... on 30 September 2008 7:27pm
 
Yes, it's been frustrating how many people don't understand how connected it all is.

I think Bush wants to help protect as much of his legacy as he can. A Wall St. collapse, and subsequent economic collapse, wouldn't look so good :)

But other Republicans are trying to use it for their own political gain to stand against it - to get elected.

I don't have anything in the market, but I feel sorry for all the people who do. And we are all liked through chain reactions in the economy.

I think those in government who vote against it should pay for the losses of all those with 401Ks, etc. among those of moderate and less means. (Not really, but in principle - it's not fair.)
 
Re: The Economy Is a Vehicle... by mrsthing on 30 September 2008 10:41pm
 
"But other Republicans are trying to use it for their own political gain to stand against it - to get elected."

And blame Nancy Pelosi for swaying the weaker-minded among them from approving the plan!

I had hoped that the market would rebound today on bargain hunting, and it came back splendidly. The net loss is around 290 points now. Not great, but much less of a disaster. But let's see what happens on Thursday, when another vote is supposed to be taken on a bailout plan.

I don't know what else we can do. It's a mess all right, and the taxpayers will be left holding the bag, but if we don't do something, matters are going to get much, much worse.

Anybody have any good alternatives?
 
Re: The Economy Is a Vehicle... by MMMmmm... on 30 September 2008 11:43pm
 
Someone from Bush's administration called the Republicans who used Pelosi as an excuse "lame and adolescent." :)
 
Re: The Economy Is a Vehicle... by tucsonmike on 1 October 2008 4:17am
 
Yes, and hopefully, it will not be wiped out in one heck of a chain collision.
 
Re: The Economy Is a Vehicle... by sighthound on 1 October 2008 10:58pm
 
I am so glad that the bill was rejected. It was just a re-working of that outrageous 5 pages written by those rich people who got us into this mess in the first place and, after ignoring the problem for so long, are crying "Wolf!", trying to get us hysterical enough to stampede toward their solution which will only make the rich people richer. I think the bill will just be re-worked again but I pray that we will take our time and find a visionary who can offer a REAL solution.
 
Re: The Economy Is a Vehicle... by bIG bLOGGER on 2 October 2008 4:02pm
 
sighthound:I hear what you say,but who exactly are "those rich people who got us into this mess in the first place"?
Henry "Hank" Paulson is said to be worth $700million dollars,at least. He served (1972-73)in the Nixon Administration,as assistant to John Ehrlichman who,after Watergate broke,went to jail.Paulson then joined bankers Goldman Sachs.

Since the august grandees of the American Senate passed the 'Bail-out' bill last night,in modified form,by 78-25 votes,it remains to be seen if the House of Representatives will also pass it on Friday.
 
Re: The Economy Is a Vehicle... by MMMmmm... on 2 October 2008 9:41pm
 
Cheap thrills for me: On Charlie Rose last night, Warren Buffet, America's most successful investor, said the economy needed a jump start. (Like I said above.) Now if only he would give me a job.

They say that danger (in this case economic) increases sex drive, and all of a sudden, I find myself feeling like I have a crush on Warren Buffet.

Danger increasing sex drive is evolutionary - to procreate - increase chances of offspring survival - but it still surprises me :)

However, it is only economic procreation and security for our country and the world's economy that drives my crush.
 
Re: The Economy Is a Vehicle... by MMMmmm... on 2 October 2008 10:00pm
 
The best solution would be one that is fair and just to Main Street and Wall St., but Warren Buffet says that every day that goes by, more irreversible damage is done to our economy, because it is all connected.

Mixing metaphors, but we have to stop the bleeding first.

First a jumpstart, then a rebuild :)
 



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