ZenLunatic

http://www.breitbart.com/article.php?id=08...;show_article=1

 

Doesn't sacrificing free market ideals to save the free market seem kind of silly? If the free market ideals Bush subscribes to worked in the first place, he wouldn't need to sacrifice them. If the free market ideals work -- period! -- why would he need to sacrifice them to save the economy? I consider myself fiscally conservative, but also think a lot of pure free marketers live in a fairy tale land of theory, not reality.

That was a stupid statement by him and look at all the stupid moves our government is making.

In Madoff We Trust

by Peter Schiff

As the multi-billion dollar Ponzi scheme orchestrated by Wall Street insider Bernard Madoff unravels in the media spotlight, the nation is being presented with a rare opportunity to understand the true nature of many of our most cherished financial structures. Hopefully we have the wisdom to connect the dots.

Although the $50 billion loss engineered by Madoff is truly a staggering accomplishment (and was done using old-fashioned fraud rather than the mathematical wizardry that has characterized Wall Street

http://biz.yahoo.com/ap/081215/budget_deficit.html?.v=1

This is the big picture many people are overlooking or pushing aside. This problem will not go away and it will hit us harder the more we spend and put it off. We need to start dealing with this problem now. It will be tough but there is no way around it. This is what I want to see get fixed. If it means we dont bailout companies, then we have to figure out how to get by. Maybe some people need to hit rock bottom before truely understanding the situation because thats where we are headed.

The mortgages from years ago are not caused by the bailout. What evidence do you have that the bailouts have made things worse, other than an ideological assertion?

It just made our national debt bigger. To me thats worse.

Well, they are queasy about giving a bailout or not giving a bailout. Can't say I blame them either way. That's why they are each trying to get some other branch to do it.

With great power comes great responsibility, Spiderman. It's politically bad to say to the people we need to suffer the forces and rebuild, but it is economically correct. Not many has the balls to deal with reality now. Not even Obama. Everyone just keeps selling bad ideas for hopes of temporary glory.

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I thought you were against the auto bailout.

I am against all bailouts. Didnt mean to sound like I was for it.

I also hate all the manipulation of government money and talk. You cant even trust what they say they will do. Bait and Switch. Change the rules and make them up as they go. I hate all the non-clarity of everything out there. We need some rules and structures that we can rely on to be there no matter what. How can we count on anything if the rules are constantly changing and nothing is set.

I saw that last night and it's probably right. Also have to note all the refinanced mortgages that have failed.

We poured trillions and about to pour more trillions and it just makes things worse.

Auto Industry still needs money and no money is planned yet. It's a big political game. I think we all should start throwing our shoes at our elected officials because they suck.

There is a revolution coming. This is just the beginning of America's downfall.

Really what the Auto Companies should do is in Jan. go back to Congress with a bigger bailout package say $50 Billion. I think it may work, just like the TARP did.

Answer that question when you actually have to take a pay cut in order to keep your job and can then barely pay your bills, put food on the table, and live a semblance of a normal life.

 

A CEOs wages should reflect how well a company is performing. The regular worker's wages should reflect what peers are making doing the exact same job elsewhere. The wages should also keep up with inflation and cost of living increases. If they don't or workers don't receive cost of living increases, then that is the same thing as taking a pay cut.

All wages should reflect the company's performance. You cant take a failing company and say the wages should be as high as a successful company of the same type.

Some money is better than no money. The cost of living is all relative to the type of person you are. A pay cut is reducing your current pay.

The agruement cannot be won on your side, but it is a game of chicken and the UAW has won for now. It is just a matter of time anyways before the auto industry needs more money and the government will say NO finally. The future is not good with the same people running these companies.

Why does the UAW even have anything to do with this? McConnell's demand that their wages come in line with foreign automakers in the U.S. was laughable, considering the Toyota plant in Kentucky, which is their largest in the world outside of Japan, pays their workers more than UAW workers are paid. This whole thing is a farce to bust the union, even though the union is not why the auto companies are struggling. How about a cut in executive salaries, which actually are significantly more than their foreign company counterparts?

The UAW is a big reason why the companies are struggling thus why the wage cuts. Wouldnt you take a pay cut to keep your company alive to perserve your job? Shouldnt your wages reflect how well your company is performing? If you want to borrow billions, wages need to be reduced.

The biggest reason why it didnt pass Senate was that the UAW didnt want to cut wages until 2011 when current contracts expires. It seems like a game of chicken, because it is better to have a job with less pay than no job. For now, the UAW won.

Well I guess the answer is 100% now. US Treasury vowed to help auto industry from bankruptcy until next Congress meeting. Whatever money that requires.

What are the chances the president will use TARP funds to help auto industry?

You really don't think that Shelby's interest in this has anything to do with the foreign auto companies who are so big in Alabama? I mean, it's fine if you agree with him, it's just a little naive to think that he doesn't have just as much self-interest in this as his counterparts from Michigan. He's just as much a mouthpiece of auto company lobbyists as those who are for the bailout, he's just paid off by different auto companies.

 

Edit: Yeah, what he said.

You're right, I dont know about Shelby except his stance on this. I just agree with his side. I dont know his alter motives. I have heard other senators talk about there views and lumped Shelby in with them.

I guess Richard Shelby doesn't really care if he's remembered as the Man Who Killed The Auto Industry.

 

I have to say, the coverage of this issue on the local news here in southeast Michigan has been absolutely disgusting. They have completely abandoned even the slightest pretense of objective journalism, and are actively cheerleading for the bailout. You won't hear a single word during their broadcasts that runs contrary to the pro-bailout agenda, unless they're showing clips of someone like Shelby and shaking their heads and acting like he's Osama bin Laden or something.

 

I watch the NBC affiliate more than the Fox or ABC channels (the CBS affiliate folded up its news operations several years ago), and the local NBCers have been particularly brazen in advocating for the bailout. I've seen some similar behavior on the local Fox channel. Haven't watched the ABC affiliate enough to form any conclusions yet.

Shelby isnt alone in this and also probably in the group that is more thoughtful of the situation than the opposition. The auto companies probably spend millions on lobbyists to spread propaganda like you see there.

Auto Bailout passed the House. Now they are saying it may not pass Senate in its current state. The vote will be held soon on it but expected to fail at least the first time around. They want more responsibility taken by the auto companies before they get any money.

There is still hope that this may not happen.

Ditto on Leno sucking. So who actually likes him? Dont understand his popularity.

True. I was thinking that I might want to put some videos on it. How is the video rendering?

 

I used to run a ROM site with some friends, but back then it was all stuff for outdated systems that no one made games for anymore.

I never put any videos on it. I guess if you want to go all out, you could try ones that can handle 4 or 8 GB. There are other brands than r4 that are popular too.

I just wanted something simple to play games on. I have tons of NES on there that take up basically no room. The SNES doesnt work as easily but have Street Fighter 2. The original R4 doesnt handle connectivity to the Wii though. I dont know of any games that use this except Pokemon. Games for DS tend to run 32,64,128MB depending on the game.

If more people were honest about paying for video games, maybe the Big 3 wouldn't need that bailout that's put the sand in your vagina.

I dont see any correlation. Or maybe, your fish smells like your vagina.

Now that is neat, though unethical. Would you recommend the modified version that will support the larger, micro SDHC cards (but isn't supported by the manufacturer)?

I know, but I have been doing this since I learned how to use a computer in the 90's. I've hacked so many things, this one is super easy. The video game industry is one of the biggest we have. You arent hurting much.

I've only tried the original but hear the new one works. The old ones are cheap also if you search alittle. With 2GB you can have tons of games anyways.

If you get the DS, I highly recommend a Flash Slot game like the R4 or similar. You can copy games on it and play it just like the orginal. Never payt for a game ever. Its free just google NDS roms. Its easy to do.

Looks to be a 15-17 billion for the auto industry to tie them over for a few months. What a waste of money.

http://finance.yahoo.com/news/Tribune-file...f-13773627.html

HOLY COW!!!

BAILOUT FOR THE CUBS NEEDED!!!!