Burning Down The House - Our Economic Crisis

artabr · 09-30-2008, 07:32 AM

Please watch this video to the end. It's important.
If you don't care for the music turn of the sound.
I posted this in the General Discussion also.

http://www.youtube.com/user/TheMouthPeace

Edit: This is a commentary from one of 166 academic economists who signed a letter to Congress.

http://www.cnn.com/2008/POLITICS/09/...ef=mpstoryview

Art

45nut · 09-30-2008, 09:47 AM

Good post Art,

Too bad the drive-by media will not tell the truth.

Marlin · 09-30-2008, 10:47 AM

Those who caused this mess should be held accountable, not the American public and the future generations !!!!!!

USMC-03 · 09-30-2008, 11:16 AM

Quote:

Originally Posted by Marlin

Those who caused this mess should be held accountable, not the American public and the future generations !!!!!!

But they won't be... The primary media is in bed with those who are mostly responsible and refuse to do the job they are honor bound to do. As a result the American people as a whole will never understand what really happened and have no idea who actually needs to be in orange jump suits. The blame game is of course in full effect, but more than likely, those who have only limited culpability will end up the scapegoats and the actual crooks will be sipping fruity drinks on a Cayman Island beach.

artabr · 09-30-2008, 11:51 AM

Quote:

Originally Posted by USMC-03

But they won't be... The primary media is in bed with those who are mostly responsible and refuse to do the job they are honor bound to do. As a result the American people as a whole will never understand what really happened and have no idea who actually needs to be in orange jump suits. The blame game is of course in full effect, but more than likely, those who have only limited culpability will end up the scapegoats and the actual crooks will be sipping fruity drinks on a Cayman Island beach.

USMC, I'm starting to to have a little hope in the people of our country. 95 Democrats feared for their jobs yesterday. If the Dems. are running scared of their own voters that tells me that people are starting to get it.
I hope.

Art

USMC-03 · 09-30-2008, 12:12 PM

Quote:

Originally Posted by artabr

USMC, I'm starting to to have a little hope in the people of our country. 95 Democrats feared for their jobs yesterday. If the Dems. are running scared of their own voters that tells me that people are starting to get it.
I hope.

Art

No doubt about it Art, it's an election year. My fear is that after all of those Democrats who voted against the bailout are reelected, Pelosi and her thugs will have them under their thumbs again.

As far as the people getting it; maybe. I think that right now it comes down to a serious lack of trust with our elected officials. We are in serious economic trouble and perhaps in the beginning of another depression. The problem is that nobody knows what is going to happen and when our talk it's just another stump speech, as always.

During the 1992 election cycle all we heard was that it was the worse economy in 50 years; over and over again we heard it (from the Democrats). Wrong. The recession of the early 90's was nothing but a pothole in the road when it was made out to be a bottomless pit. We are hearing similar predictions now. Should we believe them? If we give congress all of this power they are asking for will they use it wisely? It is all coming down to a serious lack of trust.

artabr · 09-30-2008, 08:43 PM

To anybody who watched the first video in my original post, please take note. The Video that is now in that link is the 3rd one that I have posted in that post today due to it being blocked by Time/Warner. It seems that they have giving over $300,000 to the Dems and Obama.

Sorry for the confusion.

Art

mrkirker · 10-01-2008, 08:35 AM

". . . blocked by Time/Warner. It seems that they have giving over $300,000 to the Dems and Obama."

Relates to my thoughts upon reading an earlier post by USMC, RE: media won't tell the truth about this mess. There are far too many advertising and donar dollars at stake for them to risk telling the Truth!

Truth is, that wall street finds themselves in this mess because of greed, and a lack of oversight. Truth is, that folks who took out loans for which they were not fiscally qualified should "pay the band", as they either danced to the tune, or were planning on doing so.

Truth is, that granting someone who is for all intents and purposes a wall-street insider, unlimited discretion to spread 700 billion dollars among his friends and colleagues, is both unprecedented and uncalled for.

Truth is, that a drastic purging of the business sector could very well lead to a rebirth of the fiscal conservatism that existed during the middle years of the last century, an era in which businesses and families lived within their means. An era in which credit was used, but it was used and handled carefully by both businesses and families.

Will the bail-out happen? Sure! It only took a while for all the 'inside' deals to be cut between our elected officials and their wall street pals. 700 Billion Dollars is a lot of 'pie', and every one that can get a slice, will get a slice!

09-30-2008, 07:32 AM	#1
artabr Advanced Senior Member Join Date: Mar 2008 Location: New Iberia, Louisiana Contributor Posts: 7,859	Burning Down The House - Our Economic Crisis Please watch this video to the end. It's important. If you don't care for the music turn of the sound. I posted this in the General Discussion also. http://www.youtube.com/user/TheMouthPeace Edit: This is a commentary from one of 166 academic economists who signed a letter to Congress. http://www.cnn.com/2008/POLITICS/09/...ef=mpstoryview Art __________________ God and the soldier we like adore, In times of trouble, not before. When troubles ended and all things righted, God is forgotten and the soldier is slighted. Francis Quarles 1592 - 1644 __________________ When asked for my race, I answer CauCajun. Hope is not a plan, and not all change is good. The resistance is here; the resistance is now. RESIST! These hands are neither cold nor are they dead!! --> Last edited by artabr; 09-30-2008 at 08:35 PM..

09-30-2008, 09:47 AM	#2
45nut Advanced Senior Member Join Date: Jul 2006 Location: Dallas, TX Posts: 3,428	Re: Burning Down The House - Our Economic Crisis Good post Art, Too bad the drive-by media will not tell the truth. __________________ A gun is a tool, Marian; no better or no worse than any other tool: an axe, a shovel or anything. A gun is as good or as bad as the man using it. Remember that. Shane Nemo me impune lacesset We recall the case of the Shoshone war band which showed up complete with one 30-30 rifle per man the week after Pearl Harbor, and simply wanted to have the enemy pointed out to them. "We hear there's a war going on and we want to go fight it." Jeff Cooper *KCCO*

09-30-2008, 10:47 AM	#3
Marlin TFF Admin Staff Chief Counselor Join Date: Mar 2003 Location: At SouthernMoss' side forever! Contributor Posts: 13,853	Re: Burning Down The House - Our Economic Crisis Those who caused this mess should be held accountable, not the American public and the future generations !!!!!! __________________ *The flag represents a living country and is itself considered a living thing.* *The only criminal class native to the United States is Congress.*

09-30-2008, 08:43 PM	#7
artabr Advanced Senior Member Join Date: Mar 2008 Location: New Iberia, Louisiana Contributor Posts: 7,859	Re: Burning Down The House - Our Economic Crisis To anybody who watched the first video in my original post, please take note. The Video that is now in that link is the 3rd one that I have posted in that post today due to it being blocked by Time/Warner. It seems that they have giving over $300,000 to the Dems and Obama. Sorry for the confusion. Art __________________ God and the soldier we like adore, In times of trouble, not before. When troubles ended and all things righted, God is forgotten and the soldier is slighted. Francis Quarles 1592 - 1644 __________________ When asked for my race, I answer CauCajun. Hope is not a plan, and not all change is good. The resistance is here; the resistance is now. RESIST! These hands are neither cold nor are they dead!!

10-01-2008, 08:35 AM	#8
mrkirker Advanced Senior Member Join Date: Jul 2007 Posts: 3,067	Re: Burning Down The House - Our Economic Crisis ". . . blocked by Time/Warner. It seems that they have giving over $300,000 to the Dems and Obama." Relates to my thoughts upon reading an earlier post by USMC, RE: media won't tell the truth about this mess. There are far too many advertising and donar dollars at stake for them to risk telling the Truth! Truth is, that wall street finds themselves in this mess because of greed, and a lack of oversight. Truth is, that folks who took out loans for which they were not fiscally qualified should "pay the band", as they either danced to the tune, or were planning on doing so. Truth is, that granting someone who is for all intents and purposes a wall-street insider, unlimited discretion to spread 700 billion dollars among his friends and colleagues, is both unprecedented and uncalled for. Truth is, that a drastic purging of the business sector could very well lead to a rebirth of the fiscal conservatism that existed during the middle years of the last century, an era in which businesses and families lived within their means. An era in which credit was used, but it was used and handled carefully by both businesses and families. Will the bail-out happen? Sure! It only took a while for all the 'inside' deals to be cut between our elected officials and their wall street pals. 700 Billion Dollars is a lot of 'pie', and every one that can get a slice, will get a slice!