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Author Topic: McCain wants new agency to fix financial crisis  (Read 849 times)

Offline SkyRock

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McCain wants new agency to fix financial crisis
« on: September 19, 2008, 10:22:02 AM »
so much for less government. :rolleyes:
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Triton28 - "...his stats suggest he has a healthy combination of suck and sissy!"

Offline JAGED

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Re: McCain wants new agency to fix financial crisis
« Reply #1 on: September 19, 2008, 10:23:58 AM »
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"I post facts.   If I post anything thats not a fact, I ask if people know whether it is fact or drivel first..."    SkyRock (ROFL LMFAO)

Offline Mojava

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Re: McCain wants new agency to fix financial crisis
« Reply #2 on: September 19, 2008, 10:29:56 AM »
 Vote Republican, higher taxes and bigger government.  Truth stings a bit...
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Offline SkyRock

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Re: McCain wants new agency to fix financial crisis
« Reply #3 on: September 19, 2008, 10:36:34 AM »
Quote from: Mojava on September 19, 2008, 10:29:56 AM
Vote Republican, higher taxes and bigger government.  Truth stings a bit...
They always say, less government and less taxes, yet it always ends up more debt, and more government. :rolleyes:
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Triton28 - "...his stats suggest he has a healthy combination of suck and sissy!"

Offline rabbidrabbit

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Re: McCain wants new agency to fix financial crisis
« Reply #4 on: September 19, 2008, 11:02:26 AM »
He actually said there needs to be one agency instead of dozens of legacy agencies who don't work together.  Pretty much the opposite of your claim.  No need to let integrity get in the way of personal gain right?
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Offline TwentyFo

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Re: McCain wants new agency to fix financial crisis
« Reply #5 on: September 19, 2008, 11:14:21 AM »
Quote from: SkyRock on September 19, 2008, 10:22:02 AM
so much for less government. :rolleyes:

Skyrock.....totally agree.

Hey American people this is who you want 4 more years of? Bush and McCain are pretty similar when it comes to their economic policies. Deregulation and let the market operate on its own is what they stand for. Yea, smaller government means throwing $80 Billion to bail out a failing business.
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Offline Donzo

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Re: McCain wants new agency to fix financial crisis
« Reply #6 on: September 19, 2008, 11:22:52 AM »
What's wrong with the market operating on it's own?

IMO it should be allowed to operate on it's own and left to take the hit when it screws up...period.

Remember the savings and loan thinigy a few years back?   That happened under regulation. 

So regulation or no regulation can lead to a failed or damaged market. 

The key to the whole thing is to not have all the banks so intertwined that when one fails because of stupid decisions many others are affected.
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Offline TwentyFo

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Re: McCain wants new agency to fix financial crisis
« Reply #7 on: September 19, 2008, 11:33:06 AM »
Quote from: Donzo on September 19, 2008, 11:22:52 AM
What's wrong with the market operating on it's own?

IMO it should be allowed to operate on it's own and left to take the hit when it screws up...period.

Remember the savings and loan thinigy a few years back?   That happened under regulation. 

So regulation or no regulation can lead to a failed or damaged market. 

The key to the whole thing is to not have all the banks so intertwined that when one fails because of stupid decisions many others are affected.

That's the problem, Republicans say they want a free market, but when a business is going to fail they bail them out. The airline's are a perfect example. There have been numerous airlines that have been bailed out by the federal government. The financial industry is in shambles right now, so the government is bailing them out. The so called "free market" does not really exist here in the US. So more government is the solution to the problem? Which is it?
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Offline Donzo

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Re: McCain wants new agency to fix financial crisis
« Reply #8 on: September 19, 2008, 11:38:20 AM »
Quote from: TwentyFo on September 19, 2008, 11:33:06 AM
The financial industry is in shambles right now, so the government is bailing them out.


Who controls congress right now?
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Offline Mojava

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Re: McCain wants new agency to fix financial crisis
« Reply #9 on: September 19, 2008, 11:40:53 AM »
Quote
Who controls congress right now?

 No one, there is not a clear enough majority of either party to get anything done.
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Offline scot12b

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Re: McCain wants new agency to fix financial crisis
« Reply #10 on: September 19, 2008, 11:44:09 AM »
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Offline Donzo

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Re: McCain wants new agency to fix financial crisis
« Reply #11 on: September 19, 2008, 11:49:33 AM »
Quote from: Mojava on September 19, 2008, 11:40:53 AM
No one, there is not a clear enough majority of either party to get anything done.

Oh, must the the dems then.
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Offline Sixpence

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Re: McCain wants new agency to fix financial crisis
« Reply #12 on: September 19, 2008, 11:54:14 AM »
Quote from: Donzo on September 19, 2008, 11:38:20 AM

Who controls congress right now?

Who had total control for almost 8 years?
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"My grandaddy always told me, "There are three things that'll put a good man down: Losin' a good woman, eatin' bad possum, or eatin' good possum."" - Holden McGroin

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Offline Donzo

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Re: McCain wants new agency to fix financial crisis
« Reply #13 on: September 19, 2008, 12:06:18 PM »
Quote from: Sixpence on September 19, 2008, 11:54:14 AM
Who had total control for almost 8 years?

We're talking about the current bail-out....keep up.
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Offline bongaroo

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Re: McCain wants new agency to fix financial crisis
« Reply #14 on: September 19, 2008, 01:04:28 PM »
So we are talking currently?  I thought I just saw Bush and friends talking about the bailout.  Oh thats right, I did.

The first sentence reads "The Bush administration..."  hmmm....

http://news.yahoo.com/s/ap/20080919/ap_on_bi_ge/financial_meltdown;_ylt=AvIpQ4AcnA8OJk2H9zxMfhWs0NUE
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Callsign: Bongaroo
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