View Single Post
  #1   Report Post  
Posted to rec.crafts.metalworking
Libby Loo Libby Loo is offline
external usenet poster
 
Posts: 32
Default OT - Bank Failures - Is yours still around?



"Too_Many_Tools" wrote in message
...
On Feb 8, 7:18 pm, "Richard W." wrote:
"Gunner Asch" wrote in message

...





On Sat, 7 Feb 2009 06:25:50 -0800 (PST), "
wrote:


On Feb 7, 8:34 am, Too_Many_Tools wrote:
If you had any doubts how big a disaster Bush has left this Country
to
fix take a look at this.


Also note the following...


"In 2008, 25 banks were seized by officials, up from only 3 in 2007."


Now consider that we have lost NINE in the first six weeks of 2009.


Now stop and consider how the Republicans are dragging their feet
whining about the stimilus plan.


What is at stake is your job, your house and your 401K.


A suggestion...when you see a Republican, give them a slap along side
of their head and remind them that they are destroying this Country
playing their games.


TMT


The Republicans are not playing games, but some of the Democrats are
playing games. Much of what is in the stimulus plan will not
stimulate the economy. It is spending money that our grandchildren
will have to pay for things that will have no benefit by the time our
grandchildren are paying for them. Many studies show that Keynes idea
of stimulating the economy by government spending does not work. Most
economists are no longer Keynesian believers.


I would feel much better if there was less emphasis on passing a bill
quickly, and more emphasis on passing a bill that is effective. A
stimulus bill that has bipartison support and has been debated at
length is much more likely to be effective. TARP was passed quickly,
but seems to have had little effect.


What is needed is for all of those in Congress to work at passing
bills that are in the countries best interest, instead of passing
bills that are in the best interest of political parties or in the
best interests of congressmen.


I am concerned that we will get a " stimulus " bill that will not
work, will cause inflation, and prolong the recession.


Dan


FDR passed such bills..and prolonged the Great Depression at least 7
years. Some economists claim up to 11 yrs.


Yet Democrats hold him as a god.


They are irrational beasts at best, stupid buffoons at worst.


Gunner


I read this to. Also I read that the problem is that the first bail out
took
all the available money for loans. That's why nothing has happened there
is
no money left to borrow for new cars or homes. The government took it
all.
So how can borrowing more money help things? Since that's what got us
into
the problem.

I can't find the article on News max that said the first person to try to
stops the coming bank problems was Bill Clinton, but he couldn't get his
bill passed. The article also said that Bush 2 tried 18 times to fix the
problem since 2001, but the dems blocked him every time. Can you point me
to
the article?

Richard W.- Hide quoted text -

- Show quoted text -


That's because it is not true.

This disaster is all REPUBLICAN.


Grow up.