Financial Meltdown Could Help Barack Obama's Campaign
Polls show momentum for Obama-Biden in the race against McCain and Palin
Reader Comments
OBAMA 08
barack obama is what we need for this country, he will actually lower our taxes and do great things for america. so please vote for senator obama in two days.
oh also
were in outstanding debt to a whole great number of countries including mexico that bothers us so much trying to make a run for our borders. bet that number is going to decrease now hahaha!
hey prayer dude
stfu dude go preach else where church boy. you guys are all retarded. ytou think that that is how we got in this mess. lol any1 remember free trade? anyone know were not in iraq against terrorism or oil based reasons? duh! think. watch c-span. LISTEN!
PRAYER IS ESSENTIAL FOR GOD'S WILL TO BE DONE.
THE REASON FOR ALL THE GREED AND CORRUPTION ON WALL STREET AND IN WASHINGTON IS A LACK OF CONSCIENCE. MONEY AND POWER CORRUPT ABSOLUTELY, THEREFORE WE NEED TO PRAY FOR THOSE MAKING THE IMPORTANT DECISIONS. THE MOST IMPORTANT THING IS THAT THE LORD'S WILL BE DONE!!!
Financial Crisis
HERE IS A QUICK 10 MIN VIDEO THAT IS FACTUAL AND VERY EASY TO UNDERSTAND ABOUT HOW WE GOT IN THIS MESS. IF WE UNDERSTAND THE CAUSE WE WILL UNDERSTAND WHICH MEMBERS OF CONGRESS ARE REALLY ACTING IN OUR BEST INTEREST WITH THIS VOTE..... PLEASE WATCH THIS http://www.youtube.com/watch?v=H5tZc8oH--o
Financial Meltdown
Sorry folks but we are all to blame by continuing to elect the bozos who spent our grandchildrens' money by running a giant deficit spending program and unfavorable balance of payments on the world market. By pretending that the federal government does not have to pay back all the money that was borrowed and the dollar would stay sound anyway. That the dollars we printed and shipped overseas would not be used to buy American companies. That we could spend more on failing schools and that would not result in a populace that can no longer compete on the global market.
Wise up and vote many of the entrenched Senators and Representatives out...both Republican and Democrat alike. Only fear of loss of cushy jobs can get Congress to really address the actual problems with real tough solutions.
Look in the mirror and tell yourself that all of us must do some very unpleasant things over a long period of time to fix the current mess which has been growing worse for over 50 years. Both Congress and all of us share the blame for failing to pay as we go.
AIG
I had an annuity in AIG for a long time. Two years ago I read something in the paper that scared me so I sold it. AIG tried to talk me out of it, but I told them I was a widow & needed the money to live on. They sent the check. If a nobody like me thought something was wrong that long ago, why didn't the govt. see it?
McCain tried to fix FNMA in 2005, Dems blocked bill.
If a voter is thoughtful and will look into the history of this mess, they will necessarily find themselves supporting the Republican ticket. This could not have happened without Fannie Mae buying up subprime mortgages and holding them in their own portfolio. Banks and Wall Street originated these loans because FNMA was buying them with taxpayer subsidizing the risk. George Bush was out in front on this issue calling for regulation of FNMA in 2003. In 2005, Alan Greenspan told Congress that failure to fix FNMA would result in "placing the total financial system of the future at substantial risk" Senate Bill S.190 (http://thomas.loc.gov/cgi-bin/bdquery/z?d109:s190:)was drafted to heed Mr. Greenspan's call. John McCain was a cosponsor and forceful advocate (http://thomas.loc.gov/cgi-bin/query/D?r109:1:./temp/~r1090ZWtOi::). All of the Republicans on the committee voted for it, all the Democrats voted against it. Barack Obama was present. Yes, this whole mess could have been avoided if the Congress had followed John McCain's call to action
The GOP was too busy making war and pumping up their fat bank accounts with oil money to even notice that America was burning.
No one forced these people to sign crazy loans. Their fault they couldn't read. The lenders should have to pay for buying risky credit. No one needs a bailout of their mortgage, IMO. What, the government should now go retroactive and seek out those idiots who lost their homes 6 months ago? What about them?
How about a handout to me, let's say if I started a small business, didn't research my company or demographics, and now I'm ruined financially and have to close my doors. Where would my bail-out be?
The government should stay out of the business sector. If the market causes the economy to crash, it will even after a bail out of financial businesses and insurance companies. Just watch.
