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OT - Bank Failures - Is yours still around?
"Too_Many_Tools" wrote in message ... On Feb 9, 12:01 am, Curly Surmudgeon wrote: On Sun, 08 Feb 2009 21:14:29 -0800, Dan wrote: Gunner Asch wrote: On Sun, 8 Feb 2009 17:18:16 -0800, "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. http://www.google.com/search?hl=en&c...s=org.mozilla% 3Aen-US%3Aofficial&hs=4R1&q=dems+block+fannie+mae+refor m&btnG=Search Take your pick....84,000 hits Gunner "Not so old as to need virgins to excite him, nor old enough to have the patience to teach one." Sorry, that is an article on Fannie Mae, not the financial crisis, not to mention the Democrats had no power to "block" anything... Dan Gunner didn't mention that he thought the economy was just peachy in November. He saw no signs of financial distress anywhere. -- Regards, Curly ---------------------------------------------------------------------------*--- Arrest Bush ---------------------------------------------------------------------------*---- Hide quoted text - - Show quoted text - Gunner and McCain suffer from the same infliction...stupidity. TMT No they don't, you do. |
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