Did you watch the Bush Bailout Address?
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Did you watch the Bush Bailout Address?
| Wed, 09-24-2008 - 9:33pm |
Did you watch the Bush Bailout Address?
- Yes, but he didn't convince me and I had questions
- Yes, and I totally understood and agreed with all his points.
- No, I did not watch it
You will be able to change your vote.

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Had a lot of outdoor work today, time to think. Those who are hurting now, the ones who are scraping to get by from paycheck to paycheck, are not going to see things improve markedly under the Bush Bailout plan. Some of them have already lost that first house, others will be losing their homes in the days to come. Unless the Democrats manage to muster the votes to ensure enclosure and passage, there will be no bailout provision for those people. Bush's "promise" for them is that things will be much worse if the bailout isn't passed. Wouldn't surprise me to see his approval ratings take a marked turn downwards.
Have also been thinking about the doomsday "Great Depression" predictions and have come to the conclusion that I just don't "buy" it. In 1982, DH and I purchased a house, slightly larger and closer to his place of employment than our little starter house was. We extended our ability to pay to its max, assumed a loan at over 10%, got the difference between outstanding principal still due and asking price, by borrowing from my father at 8% AND COUNTED OURSELVES LUCKY! Our discretionary money fund was a change jar--and dinner out was at Steak and Shake with our two small children. We were middle class, through and through. In my opinion, it was much tougher then to get a house and keep it, than is the case even now. But my perceptions may be colored by life stage and relative level of comfort now that aren't reflected in the overall population of the U.S.
IMHO, up until very recently, credit has been far too easy to acquire, habits of spending have verged on the profligate, and "needs" have been confused with "wants". And a president whose idea of dealing with a national attack is to encourage people to "stimulate" the economy by spending; and whose idea of sacrifice in the cause of war is people watching news stories about that war on TV--well, his judgment is not to be trusted because his priorities are clearly addled.
Gettingahandle
Ignorance is Nature's most abundant fuel for decision making.
Facts stifle the will, hobble conviction.
Gettingahandle
Ignorance is Nature's most abundant fuel for decision making.
you'll probably be surprised to know I tend to agree ........
I always tune in when Bush has to go on TV and look like a deer in the headlights to avoid something even WORSE happening than what he's having to explain. Unfortunately, by "something worse," I usually mean "to himself or his party," because he doesn't seem to give care about anything more than that.
But talk about your blinking! ;o)
Probably not much. When I heard Tony Fratto let slip that the Bush administration had had a version of this bailout in the works for "months," that's when I knew that there wasn't anywhere NEAR the urgency the administration is trying to claim. That doesn't mean there isn't a real problem that needs to be addressed, but it DOES mean two things:
We've seen this before, and it ALWAYS - literally ALWAYS - precedes something truly atrocious and bad for this country. Both Republicans and Democrats are right to push back and demand evidence which cannot be gainsaid or controverted that this must be done NOW.
Sopal
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