Archive for Tuesday, September 30, 2008

Bush helpers

September 30, 2008

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To the editor:

George Bush appointed Don Rumsfeld to be Secretary of Defense. We know where George Bush and Secretary Rumsfeld took us. George Bush appointed Henry Paulson to be Secretary of the Treasury. He's proposing a $700 billion bailout for his friends on Wall Street. Think about it!

We really, REALLY need to slow down and think about where George Bush and Secretary Paulson are trying to take us.

David Springer,
Lawrence

Comments

Ragingbear 6 years, 8 months ago

As of last night, the bailout is on the rocks again.A failure to bailout the companies would suck for a while as our over inflated economy collapses, but we will be much better off because of it in a few years. The companies got what they deserved, and yet the CEO's still walk away with several billions in their pockets. If anything, they should be brought up on charges.

Richard Heckler 6 years, 8 months ago

Quite recently England nationalized two major bank systems.3 large banks will be controlling a lot of our money. These banks are buying only the good parts of other banks and kicking back the risky portions to the tax payers. Republican John McCain has maneuvered himself into a political dead endWithin hours, however, the measure died in the House mainly at the hands of McCain's own Republicans.http://news.yahoo.com/s/ap/20080930/ap_on_el_pr/mccain_dead_end

Richard Heckler 6 years, 8 months ago

The Iraq War Is Killing Our EconomyBy Robert Pollin and Heidi Garrett-Peltier, The Nation. Posted March 18, 2008.Recognizing the costs of the Iraq War is even more crucial now that the economy is facing recession.There is no longer any doubt that the Iraq War is a moral and strategic disaster for the United States. But what has not yet been fully recognized is that it has also been an economic disaster. To date, the government has spent more than $522 billion on the war, with another $70 billion already allocated for 2008.With just the amount of the Iraq budget of 2007, $138 billion, the government could instead have provided Medicaid-level health insurance for all 45 million Americans who are uninsured. What's more, we could have added 30,000 elementary and secondary schoolteachers and built 400 schools in which they could teach. And we could have provided basic home weatherization for about 1.6 million existing homes, reducing energy consumption in these homes by 30 percent.But the economic consequences of Iraq run even deeper than the squandered opportunities for vital public investments. Spending on Iraq is also a job killer. Every $1 billion spent on a combination of education, healthcare, energy conservation and infrastructure investments creates between 50 and 100 percent more jobs than the same money going to Iraq. Taking the 2007 Iraq budget of $138 billion, this means that upward of 1 million jobs were lost because the Bush Administration chose the Iraq sinkhole over public investment.Recognizing these costs of the Iraq War is even more crucial now that the economy is facing recession....More:http://www.alternet.org/waroniraq/79988/

Ragingbear 6 years, 8 months ago

As of last night, the bailout is on the rocks again.A bailout would suck for a while as our over inflated economy collapses, but we will be much better off because of it in a few years. The companies got what they deserved, and yet the CEO's still walk away with several billions in their pockets. If anything, they should be brought up on charges.

labmonkey 6 years, 8 months ago

Merrill- noone reads your huge cut-n-pastes.It is not the Democrats or the Republicans fault that the economoy tanked....it is OUR FAULT!!! We Americans bought houses with loans we couldn't afford to pay off, We Americans shopped without looking at where items were made, We Americans grumbled, but failed to do anything when companies outsourced, We Americans bought huge SUV's that used so much oil. The people who waited until they could afford to purchase what they could buy (or at least put 20-30% down on a house and obtained a fixed rate mortgage where payments were less then a third of their income instead of getting adjustable rate mortgages they knew they wouldn't be able to afford when the rates go up) should not bear the burden of those who made poor financial choices. It is not Bush's fault or the Democrats' fault....it is OUR fault.

fandango12 6 years, 8 months ago

Why don't the Dems just go ahead a pass the silly thing? Since they're the majority, they do have that ability. They were the ones who fought against Republican outcries that something was coming down the pike with Fannie and Freddie. It's seems rather odd they can't seem to pass it through their own party.

VTHawk 6 years, 8 months ago

And Majority Leader Pelosi...and the Minority Leaders...and BOTH PRESIDENTIAL CANDIDATESAnyone who has a 401k or pension or any sort of investments is in grave danger if Congress doesn't act. If the credit markets do seize up (after a $640B infusion of cash from the Fed, none the less), then companies will lay off employees, people will be unable to obtain loans, credit card limits will come down, and foreign companies will buy US companies at a steep discount.Opposing decisive action because it reeks of "Bush" or because it allegedly benefits Wall Street "fat cats" is a perfect example of cutting off your nose to spite your face. We all will lose if the US Economy collapses, not just those responsible for this mess.

VTHawk 6 years, 8 months ago

If the US doesn't agree to the bailout plan, the USGovt will be on the hook for far more than the $700B in this bill. The FDIC is on the hook for part of Wachovia, the Treasury is on the hook for both Fannie and Freddie's liabilities, and 85% of AIG is now the responsibility of the Treasury as well.Even if we write down 100% of the $700Billion that the Chinese will loan us at 2% interest, if it unfreezes the credit market, then it could save TRILLIONS for US Taxpayers as a whole.

Confrontation 6 years, 8 months ago

Was I the only one who thought this was an article on waxing?

pusscanthropus 6 years, 8 months ago

Here are the bush helpers that are available in Lawrence at most any salon:bikini--just a good groomingbrazilian--fresh as a newborn babe (toddler, or pre-teen)modified brazilian--sort of in between a bikini and a brazilian where only part is fresh as a newborn babeCall around for the best rates. Most can do men too! Happy bush-helping!!!

Brandon Devlin 6 years, 8 months ago

Wow. . .just did the math, and you're right. Guess I should start deleting more email that shows up in my "humor" folder than reading it. Thanks for the correction, Wowee.No response necessary, Bowhunter. Sorry for obviously wasting your time.

Brandon Devlin 6 years, 8 months ago

I got this in an email yesterday. . .yes it's supposed to be humorous, but it really makes you stop and think about the bail-out plan. . .and what is really better for Joe and Janet taxpayer. . .To my fellow Americans...... I'm against the $85,000,000,000.00 bailout of AIG. Instead, I'm in favor of giving $85,000,000,000 to America in a 'We Deserve It Dividend'. To make the math simple, let's assume there are 200,000,000 bonafide U.S. Citizens 18+. Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up..?So divide 200 million adults 18+ into $85 billon that equals $425,000.00. My plan is to give $425,000 to every person 18+ as a 'We Deserve It Dividend'. Of course, it would NOT be tax free. So let's assume a tax rate of 30%. Every individual 18+ has to pay $127,500.00 in taxes. That sends $25,500,000,000 right back to Uncle Sam. But it means that every adult 18+ has $297,500.00 in their pocket.A husband and wife has $595,000.00. What would you do with $297,500.00 to $595,000.00 in your family? Pay off your mortgage - housing crisis solved. Repay college loans - what a great boost to new grads Put away money for college - it'll be there Save in a bank - create money to loan to entrepreneurs. Buy a new car - create jobs Invest in the market - capital drives growth Pay for your parent's medical insurance - health care improves Enable Deadbeat Dads to come clean - or else..! Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces. If we're going to re-distribute wealth let's really do it... If we're going to do an $85 billion bailout, let's bail out every adult US Citizen 18+!As for AIG - liquidate it. Sell off its parts. Let American General go back to being American General. Sell off the real estate. Let the private sector bargain hunters cut it up and clean it up. Here's my rationale. We deserve it and AIG doesn't. Sure it's a crazy idea that can 'never work..? But can you imagine the Coast-To-Coast Block Party! How do you spell Economic Boom? I trust my fellow adult Americans to know how to use the $85 Billion. The 'We Deserve It Dividend' is more than what the geniuses at AIG or our Washington DC elite could come up with. And remember, this plan really costs us $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.

WoweeZowee 6 years, 8 months ago

That's a lovely idea, except when one actually does the math $425,000 becomes $425. $85trillion would get everyone their $425K block party... FAIL.

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