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Originally posted by Shakka I saw something that pointed out that many of those who voted against it predominately were in tight election positions and that their constituents were adamantly against it. This just illustrates how poorly the plan was sold to the general public.

What the fuck did you expect? Of course the public is going to be skeptical, after everything the Bush admin and his appointees have done. This isn't the first time they've swooped in here screaming emergency and calling for immediate radical changes.

I'm not going to stop calling out and blaming the Bush admin. It is a result of their failed economic policies. It is a result of his failed Presidency. Not long ago these morons stood in front of us and said not to worry the economy is fine.

Back in October 2005 during the frothy housing bubble, this is what Bernanke said:

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Ben S. Bernanke does not think the national housing boom is a bubble that is about to burst, he indicated to Congress last week, just a few days before President Bush nominated him to become the next chairman of the Federal Reserve. U.S. house prices have risen by nearly 25 percent over the past two years, noted Bernanke, currently chairman of the president’s Council of Economic Advisers, in testimony to Congress’s Joint Economic Committee. But these increases, he said, “largely reflect strong economic fundamentals,” such as strong growth in jobs, incomes and the number of new households. Bernanke’s thinking on the housing market did not attract much attention before Bush tapped him for the Fed job Monday but will likely be among the key topics explored by members of the Senate Banking Committee during upcoming hearings on his nomination. Many economists argue that house prices have risen too far too fast in many markets, forming a bubble that could rapidly collapse and trigger an economic downturn, as overinflated stock prices did at the turn of the century. Some analysts have warned that even a flattening of house prices might cause a slump — posing the first serious challenge to whoever succeeds Fed Chairman Alan Greenspan after he steps down Jan. 31. Bernanke’s testimony suggests that he does not share such concerns, and that he believes the economy could weather a housing slowdown. “House prices are unlikely to continue rising at current rates,” said Bernanke, who served on the Fed board from 2002 until June. However, he added, “a moderate cooling in the housing market, should one occur, would not be inconsistent with the economy continuing to grow at or near its potential next year.” http://www.washingtonpost.com/wp-dy...5102602255.html

Bernanke in January 2008 saying the economy is slowing but fine:



Bush Jan 2008, his economic team reports the economy "has a solid foundation with areas of concern."


Bernanke in February 2008 saying the stock markets are fine too. Wrong again.
http://video.msn.com/video.aspx?mkt...3b-3b5fe1585e77



Feb 2008, Bush says economy is "structurally sound."


Oh this is a good one from March 2008. That's some tough patch Paulson!

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Paulson upbeat despite economy woes WASHINGTON (CNN) -- The U.S. economy is going through a "tough patch," Treasury Secretary Henry Paulson said Sunday, insisting that the proper steps were being made to turn things around. http://www.cnn.com/2008/POLITICS/03...lson/index.html

Everyone else was getting worried, seeing the signs, wondering what it might mean. But no these guys stand up there and tell us to keep being good consumers. Then all of a sudden when the house of cards fall they come swooping in here demanding swift action and to crown a new financial king.

Josh, your grasp of history and the economy beyond the last 8 years is unbelievably poor.

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Originally posted by josh4 I'm not going to stop calling out and blaming the Bush admin. It is a result of their failed economic policies. It is a result of his failed Presidency. Not long ago these morons stood in front of us and said not to worry the economy is fine.

Barney Frank. Jim Johnson. Franklin Raines. Chris Dodd. Harry Reid. Nancy Pelosi. Maxine Waters. Barack Obama. Bill Clinton.

Sorry, what party affiliation are these people associated with, who all have their hands dirty in this mess? Take off your one sided political blinders. If you're going to keep pointing at Bush, you need to open your eyes and point the finger and those who are neck deep in this. Truth is, the Bush administration long supported reform at Fannie Mae and Freddie Mac. the House managed to pass Fannie/Freddie reform when Republicans had The majority, but Chris Dodd killed it in the Senate Banking Committee. Dodd took the most money (Obama the 2nd most) from Fannie/Freddie sources, and had little incentive to press for tighter oversight.

Where was Dodd? Where was Frank? Where were the recipients of Fannie/Freddie money during the years in which Fannie Mae’s fraudulent business practices were exposed? They were in the pockets of Fannie Mae and Freddie Mac, and busy telling us that no problem existed — and that regulators who reported the irregularities were racists. They sold us out — and the media has let them off the hook.

So at times like this what should we really do....? All this stuff has got me shook for real.

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Originally posted by snatonsb So at times like this what should we really do....? All this stuff has got me shook for real.

not much....don't take your money out of your bank, and if you're not currently investing then don't start now. If you a 401K and are still young don't worry, unless it was full of Lehman, WaMu, or Wachovia stock.

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Originally posted by snatonsb So at times like this what should we really do....? All this stuff has got me shook for real.

stay in thailand..if I were u.

Great beaches.Great Food. Great Culture. Great people. Full moon parties has sucked in recent years though

And I used to think I was missing out, putting money in CDs instead of stocks.

___________________

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Originally posted by jerZ07002 not much....don't take your money out of your bank, and if you're not currently investing then don't start now. If you a 401K and are still young don't worry, unless it was full of Lehman, WaMu, or Wachovia stock.

Thanks alot for the heads up and advice greatly appreciated! So just continue on living my normal life...? I was thinking of going back to school but not sure what to do.

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Originally posted by daft_max stay in thailand..if I were u. Great beaches.Great Food. Great Culture. Great people. Full moon parties has sucked in recent years though

Yeah Thailand is great the food is awesome! My parents own a couple of Thai restaurants but haven't been doing so good since the economy is down. I hope business booms soon

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Originally posted by Lebezniatnikov And I used to think I was missing out, putting money in CDs instead of stocks.

gotta agree. putting your money into CD's sounds boring... it's not flashy, but there's more than one way to make money.

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Originally posted by CGRumler McCain sure does blink a lot.......

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2. BLINKING. A person who is lying will blink a lot, as blinking seems to correlate to the amount of mental stress we are under. In a normal conversation where a person is attuned to you, he will blink at roughly the same rate as you, often at moments when you pause in your speech. Be wary of someone who is blinking frantically as they speak with you.