We have had our financial plan in order
Posted By: danfan on 2008-09-23
In Reply to: Well I hope your DH never loses his job - Cheapo Depot
for quite some time for just such a thing. We haven't spent foolishly or lived above our means. New toys and technology don't impress us much. We have been fortunate and blessed.
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I know everyone's focus is on the financial...sm
news of the last several days just heard about a special on CNN tomorrow night and Sunday where Colin Powell, Madeline Albright, Henry Kissinger, Jim Baker and Warren Christopher engage in a forum and talk about foreign policy. I heard a few sound bites and it sounds very interesting. I am glad to see a forum where respected people from both parties with experience get together and express their views, agree or disagree respectfully. I will definitely be watching.
A financial attack?
Tell that to the thousands who lost their lives or their loved ones that day. Wow, how cold can you be?
Financial bonuses
Two days ago on C-Span they seemed to congratulate the bigwigs of the financial companies who got BILLIONS in BONUSES. They ran down the list of those that were being questioned and how much they received. It's absolutely sickening. I had to turn it off.
I think most know that Air America has had financial woes.
Once it was learned that they had misappropriated monies which were supposed to have been used for charity, they lost some good backers. I would think it most probably is financial. There is not a plot behind every business dealing.
mcCain blames financial
crisis on Obama. Get that man a posey and some Aricept.
Well....buck up little soldier. I think the financial...
well being of the country trumps your party. Oh wait...what am I thinking.
I do agree with you about financial irresponsibility
they need to find some sort of middle ground ......
looked at her financial records lately?
she is definitely not a poor girl in my opinion. I think she could afford to buy her own clothes...
Financial crisis meeting;
November 14, 2008
World leaders dine in style as they discuss financial crisis
(CNN) – The global economy may be undergoing a significant downturn, but the White House's dinner budget still appears flush with cash.
After all, world leaders who are in town to discuss the economic crisis are set to dine in style Friday night while sipping wine listed at nearly $500 a bottle.
According to the White House, tonight's dinner to kick off the G-20 summit includes such dishes as "Fruitwood-smoked Quail," "Thyme-roasted Rack of Lamb," and "Tomato, Fennel and Eggplant Fondue Chanterelle Jus."
To wash it all down, world leaders will be served Shafer Cabernet “Hillside Select” 2003, a wine that sells at $499 on Wine.com.
The exceedingly pricey wine may seem a bit peculiar given leaders are in Washington to discuss a possible world financial meltdown, but Sally McDonough, a spokeswoman for Laura Bush, said it "was the most appropriate wine that we had in the White House wine cellar for such a gathering.
McDonough also said the White House purchased the wine at a "significantly lower price" than what it is listed at.
"Of course the White House gets its wine at wholesale prices," she said. "Given the intimate size of the group, it was an appropriate time for The White House to use this stock."
The leaders of the U.K., France, Russia, China, India, Brazil, Saudi Arabia, South Africa, Turkey and 11 developing economies have all come to Washington at the behest of President Bush in an effort to express confidence in the fundamental underpinnings of the world's economy.
– CNN's Becky Brittain contributed to this report
With the looming financial situation...... sm
I don't think Obama's current "plan" will hold much water. A plan is just that....a plan, and we know what John Steinbeck had to say about that. Even if he could tax the upper crust enough to cover the financial crisis, his redistribution of wealth would be moot point because there would likely be nothing left to distribute.
Whether Obama or McCain were elected would make no appreciabe difference in our tax situation because this huge bailout has to be recouped in some fashion and it will be off the backs of ALL Americans.....at least the ones who pay taxes.
No, unions DO put them in a financial hole.
nm
Right back at ya...with the addition of financial ruin...
if Obama and Biden are "hired."
Financial crisis a democratic scandal....sm
http://www.floppingaces.net/2008/09/16/financial-crisis-a-democrat-scandal/
Read all the comments underneath this, if you have time.
financial disaster, war, health care
You decide what is most important to think about.
How The Democrats Created The Financial Crisis....sm
How the Democrats Created the Financial Crisis: Kevin Hassett
Commentary by Kevin Hassett
Sept. 22 (Bloomberg) -- The financial crisis of the past year has provided a number of surprising twists and turns, and from Bear Stearns Cos. to American International Group Inc., ambiguity has been a big part of the story.
Why did Bear Stearns fail, and how does that relate to AIG? It all seems so complex.
But really, it isn't. Enough cards on this table have been turned over that the story is now clear. The economic history books will describe this episode in simple and understandable terms: Fannie Mae and Freddie Mac exploded, and many bystanders were injured in the blast, some fatally.
Fannie and Freddie did this by becoming a key enabler of the mortgage crisis. They fueled Wall Street's efforts to securitize subprime loans by becoming the primary customer of all AAA-rated subprime-mortgage pools. In addition, they held an enormous portfolio of mortgages themselves.
In the times that Fannie and Freddie couldn't make the market, they became the market. Over the years, it added up to an enormous obligation. As of last June, Fannie alone owned or guaranteed more than $388 billion in high-risk mortgage investments. Their large presence created an environment within which even mortgage-backed securities assembled by others could find a ready home.
The problem was that the trillions of dollars in play were only low-risk investments if real estate prices continued to rise. Once they began to fall, the entire house of cards came down with them.
Turning Point
Take away Fannie and Freddie, or regulate them more wisely, and it's hard to imagine how these highly liquid markets would ever have emerged. This whole mess would never have happened.
It is easy to identify the historical turning point that marked the beginning of the end.
Back in 2005, Fannie and Freddie were, after years of dominating Washington, on the ropes. They were enmeshed in accounting scandals that led to turnover at the top. At one telling moment in late 2004, captured in an article by my American Enterprise Institute colleague Peter Wallison, the Securities and Exchange Comiission's chief accountant told disgraced Fannie Mae chief Franklin Raines that Fannie's position on the relevant accounting issue was not even ``on the page'' of allowable interpretations.
Then legislative momentum emerged for an attempt to create a ``world-class regulator'' that would oversee the pair more like banks, imposing strict requirements on their ability to take excessive risks. Politicians who previously had associated themselves proudly with the two accounting miscreants were less eager to be associated with them. The time was ripe.
Greenspan's Warning
The clear gravity of the situation pushed the legislation forward. Some might say the current mess couldn't be foreseen, yet in 2005 Alan Greenspan told Congress how urgent it was for it to act in the clearest possible terms: If Fannie and Freddie ``continue to grow, continue to have the low capital that they have, continue to engage in the dynamic hedging of their portfolios, which they need to do for interest rate risk aversion, they potentially create ever-growing potential systemic risk down the road,'' he said. ``We are placing the total financial system of the future at a substantial risk.''
What happened next was extraordinary. For the first time in history, a serious Fannie and Freddie reform bill was passed by the Senate Banking Committee. The bill gave a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets.
Different World
If that bill had become law, then the world today would be different. In 2005, 2006 and 2007, a blizzard of terrible mortgage paper fluttered out of the Fannie and Freddie clouds, burying many of our oldest and most venerable institutions. Without their checkbooks keeping the market liquid and buying up excess supply, the market would likely have not existed.
But the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter.
That such a reckless political stand could have been taken by the Democrats was obscene even then. Wallison wrote at the time: ``It is a classic case of socializing the risk while privatizing the profit. The Democrats and the few Republicans who oppose portfolio limitations could not possibly do so if their constituents understood what they were doing.''
Mounds of Materials
Now that the collapse has occurred, the roadblock built by Senate Democrats in 2005 is unforgivable. Many who opposed the bill doubtlessly did so for honorable reasons. Fannie and Freddie provided mounds of materials defending their practices. Perhaps some found their propaganda convincing.
But we now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years.
Throughout his political career, Obama has gotten more than $125,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac, second only to Dodd, the Senate Banking Committee chairman, who received more than $165,000.
Clinton, the 12th-ranked recipient of Fannie and Freddie PAC and employee contributions, has received more than $75,000 from the two enterprises and their employees. The private profit found its way back to the senators who killed the fix.
There has been a lot of talk about who is to blame for this crisis. A look back at the story of 2005 makes the answer pretty clear.
Oh, and there is one little footnote to the story that's worth keeping in mind while Democrats point fingers between now and Nov. 4: Senator John McCain was one of the three cosponsors of S.190, the bill that would have averted this mess.
http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_hassett&sid=aSKSoiNbnQY0
Actually, McCain was in financial meetings all morning....sm
and what I read on CNN is that McCain wasn't told of the content of Obama's first call. I can't find the link to it now, because their news keeps changing.
I believe McCain decided this on his own, without any input from Obama, or even knowing about the call.
I'm willing to bet that he won't give a darn if he loses the debate if he doesn't show up, as it sounds as if Obama refuses to cancel the debate to another time.
Just proves to me that McCain does, indeed, put the country first. He's acting like a true leader.
Okay....let's see...McCain picked the financial meltdown...
as the #1 issue. OBama picked his run for the Presidency. Meaning he is always going to put Barack first. McCain put his country first. End of story.
I am not in favor of the financial institution bailout either..... sm
I think it was just the first in a long line of folks parading to the White House with their hands out. I think we have opened a huge can of worms by bailing them out and there does not seem to be an end in sight.
I'd sure like to know when MTs are going to get their bailout! I'd probably get in line for that one! LOL
25 people to blame for the financial crisis
You can vote on each of these.
http://www.time.com/time/specials/
I'm sorry, you are aware of what caused the financial crisis aren't you?
or you will just blame BUSH BUSH BUSH/CHENEY.
Please, do some research.
If my memory serves me, it started going downhill when a democratic congress took over.
Not only that, this MORTGAGE crisis was set into effect by the CLINTON administration and helped by a DEMOCRATIC congress.
Now let me be clear, I do not think Bush was a great president and he made mistakes, but DO NOT tell me that this financial crisis was his doing. I know you are going to flame me, but don't ignore the facts! Actually, that's what liberals do so nevermind, go ahead anyway.
I agree. I am helping the victims with all the financial support I can spare BUT
if we don't ask the question what happened to the levees, what can we do to make sure this doesn't happen again, where did the funding go? then we will find ourselves in the same position again. We can not afford to be policing other countries when the funding is bankrupt for our own needs. That's just the truth.
Best friend to Hillary, a democratic supporter and financial contributer,
a member of the DNC's (Democrat) platform committee has decided to endorse John McCain. Lynn DE Rothchild is best friends of Hillary and gave her 100,000 for Hillary compaign. She had not even spoke to Hillary yet about her news, but Lynn announced on CNN today that she was resigning the DNC and voting for McCain. Lynn stated that our country is divided due to the Democrats and Congress. She also stated that we need to vote only for the president who will get us through what is going on with our country (which is a lot of things currently) and she stated the only one would be McCain and Palin. She stated, "I care more about my country right now than I do my democratic party." Wolf Blitzer stated to Lynn "You know you are are going to get a lot of flack from this?" Lynn stated that she knew this and just cares more about our country. Even Joe Lieberman endorses McCain who used to be AL Gore's running mate. I am sorry, but I agree that our country is divided.
war, depression, recession, collapse of financial system, people losing
homes, natural disasters unattended to, collapsing bridges, earmark bridges. Address those first, save flag for later.
In no particular order.
*Jobs. I want to know what they are going to do about all the jobs going overseas and the companies the send them, etc.
*Healthcare. This is huge to me.
*National security. To me this also includes a cleanup of our image abroad. I would like to possibly go to a different country at some point and I would love to not have everyone hate me as soon as I open my mouth. People can say all they want about "I don't care what people think of us." But, you should - it is a matter of security. Also, I believe it would be more beneficial to have more friends in case the time came that we needed it.
*Immigration/illegal immigrants.
*It is important to me to keep Roe v. Wade. Not because I support abortion so, because I don't but I hate to think of what would happen if it was not legal. I do not necessarily support funding for it though.
These are a few important ones to me right now.
You must be doing the same in order to
xx
This would be on the order of.
those nineteen 9/11 guys drinking in strip bars to 'blend in' while taking flight training and planning the attacks. I realize it is only heresy to actually defect from Islam, not just to appear to convert for strategic purposes. Still it would have to be a very big conspiracy, wouldn't it? And you would think some Imam or other would be issuing a show fatwa or two just to keep up appearances?
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Issues. No particular order #2.
1. Civil Rights. Comprehensive Patriot Act reform. Expand hate crime status, deceptive voting practices, racial profiling, sentencing disparities for minority offenders and better support programs for ex-offenders as the reintegrate into free world to reduce recidivism in crime rates, incorporate medical treatment for drug offenders into sentencing and rehabilitation initiatives.
2. Economy. Job creation such as green jobs (clean technology, renewable energy), invest in national infrastructure jobs, address outsourcing issues such as NAFTA reform, end tax breaks for companies who outsource, tax incentives for companies who preserve American jobs, tax relief for the middle class, tax relief for small businesses and start-up businesses, ensure workers' freedom to unionize and right to organize, raise minimum wage, clean up mortgage industry, address predatory credit card practices.
3. Ethics. Address lobbying, federal contracts, tax breaks, earmarks and special interests practices and reform.
4. Faith. Maintain strict constitutional separation of church and state and ensure freedom of all religions.
5. Fiscal. Fiscal discipline, balance budget, reduce debt, tax system reform for better efficiency.
6. Foreign Policy. End war in Iraq, reform contracting practices relative to war reparations, restore alliances, renew American diplomacy, particularly in the Middle East, strengthen NATO, address global poverty, nuclear waste cleanup and nonproliferation.
7. Health Care. Quality, affordable, portable health care, accessible for all Americans, lower costs across the board and particularly for prescription drugs.
8. Immigration. Streamline immigration bureaucracy, legalization initiatives that keep families together, expansion of bilingual education for special needs of immigrants who seek legal status, eliminate incentive to immigrate illegally by cracking down on employers who hire illegals, a better working partnership with Mexico to promote economic development to reduce illegal immigration.
9. Poverty. Expansion of transitional jobs and career pathway programs aimed at low-income Americans in workforce, Green Job Corp, improve transportation access to jobs, promote responsible fatherhood, Community Development Block Grant programs, affordable housing.
10. Rural. Subsidize family farmers, not agribusiness, encourage organic and local agriculture, connect rural America with communications infrastructure improvements, improve health care delivery, education and roads, bridges, dams infrastructure
11. Seniors and Select Specialty Hospital. Protect Social Security, affordable health care, develop community based senior supportive care systems, expand outreach for seniors.
12. Technology. Insure an open internet as highway to connected and transparent democracy, modernize communications infrastructure. FCC reform to promote diversity in media ownership.
13. Women's issues. Protect Roe-vs-Wade, promote sex education in schools, access to birth control and promote stem cell research.
New World Order
Maybe the reason the republicans never revoked Roe Vs. Wade is because they believe in the new world order, mentioned many times by Bush Sr.
You do not know what the new world order is
look it up.
Do I need to order up more crow?
I can't remember why I was suppose to eat crow, only something about the election. Whatever it was, I'm gnawing on a crow bone as I speak. I am VERY unhappy with the people Obama is surrounding himself with. Doggone it if I wanted the Clintons back I'd of voted for Billary!!! I think we can safely dispense now with Ayers et al. Clintons and Bushes are still gonna rule and that's a surprise for me.
Another order of crow and please send some more BBQ sauce!! LOL
New World Order
http://www.rr-bb.com/showthread.php?t=83660
Thanks - was just getting ready to put in an order
Will check those out too.
If a gag order were issued............ sm
it would likely have originated with the military intelligence office. Maybe Gibbs ordered it, who knows? LOL The point is there is more that goes on in the media and the military than meets the eye. We are only priviledged to know what they want us to know.
Interesting point of order.
I never once called you a name, insulted or denigrated you. I just pointed out that you might want to fully explored something from both sides before making a statement. So who exactly is sniping at whom here?
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All is in divine and perfect order
Another stabilizing force is Barack Obama. He will be poised and positioned perfectly to bring the entire planet together, there-by creating yet another grid of unity that will serve to stabilize things as much as possible during the fall. We will connect and support each other through his divine and highly evolved leadership. All, as always, is in divine and perfect order.
I don't know -- that's a pretty tall order!!
A gag order on the media? Doubtful.
x
It's a gag order to protect the dolt
He started calling the media and proudly proclaiming his guilt, that he knew what he did, that it was part of an Islamic revenge for our presence in the middle east, ad nauseum. I can't remember if it was the DA or the judge, but they quickly threw a gag order on everything because his shooting off his mouth would likely have led to a mistrial because of the inability to find a jury that hadn't been tainted by his pretrial blathering.
Clinton & Carter DID NOT ORDER any such things.
Do you lie on purpose to emulate your God Bush or are you just so lacking in common sense and intelligence that you unquestioning believe everything ANY neocon says?
Either way, YOU'RE SPREADING LIES. In case you haven't noticed lately, AMERICANS ARE GETTING FED UP WITH LIARS....especially UNDEREDUCATED, ILLITERATE, HATEFUL, JUDGMENTAL liars.
CLINTON DID NOT ORDER WARRANTLESS SEARCHES OF AMERICAN CITIZENS
Here's what Clinton signed:
Section 1. Pursuant to section 302(a)(1) [50 U.S.C. 1822(a)] of the [Foreign Intelligence Surveillance] Act, the Attorney General is authorized to approve physical searches, without a court order, to acquire foreign intelligence information for periods of up to one year, if the Attorney General makes the certifications required by that section.
You don't have to be a lawyer to understand that Clinton allowed warrantless searches if and only if the AG followed section 302(a)(1). What does section 1822(a) require?
- the physical search is solely directed at premises, information, material, or property used exclusively by, or under the open and exclusive control of, a foreign power or powers. Translation: You can't search American citizens.
- and there is no substantial likelihood that the physical search will involve the premises, information, material, or property of a United States person. Translation: You can't search American citizens.
- Moreover, Clinton's warrant waiver consistent with FISA refers only to physical searches. Physical searches, as defined by 1821(5), exclude electronic surveillance.
CARTER DID NOT AUTHORIZE WARRANTLESS SEARCHES OF AMERICAN CITIZENS
And now, Carter's turn:
1-101. Pursuant to Section 102(a)(1) of the Foreign Intelligence Surveillance Act of 1978 (50 U.S.C. 1802(a)), the Attorney General is authorized to approve electronic surveillance to acquire foreign intelligence information without a court order, but only if the Attorney General makes the certifications required by that Section.
Here, Carter refers to electronic surveillance, rather than physical searches like Clinton. But again, Carter limits the warrantless surveillance to the requirements of Section 1802(a). That section requires:
- the electronic surveillance is solely directed at communications exclusively between or among foreign powers. Translation: You can't spy on American citizens.
- there is no substantial likelihood that the surveillance will acquire the contents of any communication to which a United States person is a party. Translation: You can't spy on American citizens.
Section 1803(a)(2) requires that the Attorney General report to Congress (specifically, the House and Senate Intelligence Committees) about whether any American citizens were involved, what minimization procedures were undertaken to avoid it and protect their identities, and whether his actions comply with the law.
It's called check and balance!
China Leads the New World Order
China leads the New World Order.
Don't believe it? Look at Bush toasting the commie leaders... all of our trade deals with them...Who has us by the balls financially.... A huge component of the creation of the North American Union is megaports on the Western coast to accommodate huge Chinese tankers.... Look at Paulson and his ties with commie China.... The lone Republican lawmaker who voted against Berancke's confirmation says that Bernacke has extensive ties to commie China so it is a conflict of interest...
The above is just a sampling. The bottom line is that we will wind up just like China, with slave labor, before it's all over with.
REQUIRED IN ORDER TO GET THE COLLEGE CREDIT! NM
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