Stabilize now, reform once we have control of the White House & Congress

Hugabear

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Wed Oct-01-08 09:39 PM
Original message

Stabilize now, reform once we have control of the White House & Congress

If we do nothing now, there may not even be much of an economy left to reform once Obama takes office in January. I'm willing to trust Obama on this issue. Let's go ahead and stick a bandaid on this for right now, try to stem the bleeding. Once Obama is in the White House, and we have a larger majority in Congress, we can start working on some meaningful Wall Street reform.

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Oregone

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Wed Oct-01-08 09:41 PM
Response to Original message

1. I like wooden arrows.

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Hugabear

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Wed Oct-01-08 09:43 PM
Response to Reply #1

2. I know what you're referring to

As I've heard it, these tax breaks in the bill are simply existing tax breaks that are being extended for another year.

I don't like everything in this bill - in fact, there's a lot that I don't like. But again, once we have more control in DC, we can fix a lot of what the rethugs have done wrong over the past several years.

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Oregone

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Wed Oct-01-08 09:49 PM
Response to Reply #2

8. Who the fuck cares if they already exist.

Pork it in somewhere else. It makes this whole fucking thing smell, especially when the democrats are in the majority. No negotiations needed.

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Hugabear

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Wed Oct-01-08 10:14 PM
Response to Reply #8

10. Fine. Then once we have control of the WH and Congress, we'll fix that.

This whole fucking thing has been smelling from the very beginning.

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RoccoR5955

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Wed Oct-01-08 09:44 PM
Response to Reply #1

3. And I like Puerto Rican rum, and wool research. both are imperative to the economy!

Oh, and you can't forget racetracks. Where would the economy be without racetracks?

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Eric J in MN

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Wed Oct-01-08 09:45 PM
Response to Original message

4. I don't believe that the economy will be much worse in January...

...if the House doesn't pass the bailout.

The national debt will be smaller if the bill doesn't pass.

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doyourealize1

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Wed Oct-01-08 09:45 PM
Response to Original message

5. finally a voice of reason.

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Warpy

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Wed Oct-01-08 09:46 PM
Response to Original message

6. That's what I've said all along

Edited on Wed Oct-01-08 09:47 PM by Warpy

I don't want this Congress to try to fix anything, they'd screw up fixing a parking ticket.

This bailout was a little more generous than I'd have proposed, but it gives the banks a little wiggle room and it forces the banks to go crawling back to Congress in January if they want any more.

I would love to know who stuck in that nonsense about wooden arrow shafts, though.

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OHdem10

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Wed Oct-01-08 09:47 PM
Response to Original message

7. Thank you for some rationality.

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peacetalksforall

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Wed Oct-01-08 09:51 PM
Response to Original message

9. I can't put my finger on it, but I tense up whenever someone says anything can be postponed until

Obama is in the WH. I deeply resent it and I don't know why.

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old guy

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Wed Oct-01-08 10:24 PM
Response to Original message

11. Don't know if passing this bill is the right thing to do,

but once it passes it will never go away and it will never be changed in any meaningful way. The tax payers will own it come hell or high water. Count on it.

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Wed May 08th 2024, 08:25 AM
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