Thread: Has President Bush Done The Right Thing?

Do you support Bush's Bail Out or not?

Of course it was wrong, but his economic policies do look clearly like the interventionist Herbert Hoover's.

Originally Posted by Defensor

Of course it was wrong, but his economic policies do look clearly like the interventionist Herbert Hoover's.

Did I miss something? The "interventionist" policies of Herbert Hoover? Please explain.

What Bush has done is dig the hole deeper. These banks are going down, the level of derivatives is too great, bailing anyone out at this point either requires printing or borrowing, unfortunately they printed. That will increase the inflation rate, we will pay so the rich don't have to, and now your government holds your mortgage, soon it will hold the insurance policies on the derivatives. This will come to a head with a depression greater than the last, get ready. BTW the amount of leveraged funds(derivatives) is greater than the entire worlds money!!!! Try that on for size!

Originally Posted by michaelr

What Bush has done is dig the hole deeper. These banks are going down, the level of derivatives is too great, bailing anyone out at this point either requires printing or borrowing, unfortunately they printed. That will increase the inflation rate, we will pay so the rich don't have to, and now your government holds your mortgage, soon it will hold the insurance policies on the derivatives. This will come to a head with a depression greater than the last, get ready. BTW the amount of leveraged funds(derivatives) is greater than the entire worlds money!!!! Try that on for size!

I know. It's insane. It's more Bush Liberalism and Stupidity at work. The Rats are supposed to flee the sinking ship, not jump on board. What the hell?

Originally Posted by Burning Giraffe

I know. It's insane. It's more Bush Liberalism and Stupidity at work. The Rats are supposed to flee the sinking ship, not jump on board. What the hell?

Yep... do the country a favor and don't vote come November...M'kay?
You sure do make some awful choices for a soapbox intellect.

I would vote for I am opposed to most of Bush's bailouts, but some of them are needed.

All this did, was continue to widen the divide between the rich and the poor, erode the dollar, and further drive up prices. This was a bail out of the rich. Period.

Originally Posted by michaelr

What Bush has done is dig the hole deeper. These banks are going down, the level of derivatives is too great, bailing anyone out at this point either requires printing or borrowing, unfortunately they printed.

This is an important point that not many people understand.

The Federal Reserve, actually had to turn to the Department of Treasury, to accomplish this little bailout.

This is a very, VERY bad sign.

Anyone who says our economy is "fundamentally sound" after something like this, is BRAIN DEAD!!!

Originally Posted by Burning Giraffe

Did I miss something? The "interventionist" policies of Herbert Hoover? Please explain.

You must have. Like those of the Bush regime, the economic policies of Herbert Hoover were thoroughly interventionist, worsening the Depression, and laying the groundwork for FDR's New Deal.

Have you read?