Comments on: Big Business Uses Your Money As Their Private Bank: Republican Economics

By: C.S.Strowbridge

C.S.Strowbridge — Sat, 29 Mar 2008 10:10:51 +0000

“In other words…”

No, in other words, you just got your ass handed to you. Run away and pretend it never happened.

By: mambochicken23

mambochicken23 — Sat, 29 Mar 2008 02:27:35 +0000

fafaroo, two things: 1) LOL, and 2) Well put.

By: Jay

Jay — Sat, 29 Mar 2008 02:10:30 +0000

You wonder why people respond to you with such disdain. Perhaps it’s your dependence on right wing-constructed cliches and stereotypes for your amusement. Sheesh.

Fafaroo, give it a rest. I wouldn’t live long enough to count the number of broad brush, over the top, asinine wisecracks left wingers on this blog make about Republicans and conservatives.

In other words, “Lighten up, Francis.”

By: fafaroo

fafaroo — Sat, 29 Mar 2008 01:45:50 +0000

“That being said, I find it amusing that liberals are suddenly concerned how their tax dollars are spent.”

Yes, Jay, as a liberal I don’t care how the government spends our tax dollars. Just so long as they spend it. A giant tower of marshmallow bunnies in Arizona for $600 million (most of that going to 24/7 air conditioning to cool the tower and protect it from melting)? Sure why the fuck not. The government is supposed to spend money. Who cares for what!

You wonder why people respond to you with such disdain. Perhaps it’s your dependence on right wing-constructed cliches and stereotypes for your amusement. Sheesh.

By: Jay

Jay — Fri, 28 Mar 2008 19:24:29 +0000

Sean, all it takes is a little searching around to see who has been doing the borrowing. I easily found that Goldman Sachs, Lehman Brothers and Morgan Stanley were some of the firms that borrowed. The Fed doesn’t release such information, but the firms are not doing much to keep it a big secret.

In addition, the money the fed uses in these situations is not something that is allocated from Congress, but rather from interest earned on its own portfolio of securities.

By: St Wendeler

St Wendeler — Fri, 28 Mar 2008 16:27:46 +0000

Hmmm… didn’t know the Fed Reserve’s actions were partisan or Republican. It would seem that HRC & Obama were both pleased with Bernanke’s actions. In fact, most free market capitalists would say that the bailout of BSC was wrong (see the WSJ editorial page for more).

In fact, HRC & Obama (with Frank & Dodd) are both calling for a bailout of not only borrowers (aka flippers, speculators, and unqualified borrowers alike), but also a bailout of the lenders.

Free market capitalists are loathe to see such interventions. Why this is “Republican” economics, I don’t know. That you are ignorant of the real actors calling for a bailout is a shame

By: Sean D. Martin

Sean D. Martin — Fri, 28 Mar 2008 16:23:39 +0000

Jay: “the firms getting this money pay interest and when it is lent to consumers, they will pay interest”

And which firms are those, Jay? Did you miss the part where it says “The report does not identify the borrowers.”?

If this is such a good thing they are doing, why are they doing it in secret?

Before you do anything, ask yourself if you would do it in public. If you would not, know that it is wrong.

- Thomas Jefferson

By: White Whale

White Whale — Fri, 28 Mar 2008 15:45:05 +0000

Hmmm… My good friend works at Lehman Brothers, I’ll have to ask if he has any insight on this issue. On its face it appears to be more of the same crap:”Capitalism good, socialism bad…except when it help out good capitalism…uh brain hurt.”

By: jr

jr — Fri, 28 Mar 2008 15:33:42 +0000

Republican voters should be ashamed of themselves for letting our economy get looted for their fear of gays and abortion

By: Duros62

Duros62 — Fri, 28 Mar 2008 15:04:55 +0000

Hopefully, you don’t run your personal finances like the Republicans run the country.

You know, I’ve been trying that with my credit card bills, but for some reason, the CC company is not very receptive. I keep telling them my kids will pay it eventually, but they don’t want to hear it.

By: flo

flo — Fri, 28 Mar 2008 13:33:15 +0000

Yea, they are getting this money to HELP the American consumer. Sure…..

By: z_adura

z_adura — Fri, 28 Mar 2008 13:32:16 +0000

How provocative Farris. Would that “free stuff” include a lack of oversight and accountability about prescription drug prices in Medicare?

By: SaveFarris

SaveFarris — Fri, 28 Mar 2008 13:24:05 +0000

It’s the nature of Humanity: when “free” stuff is offered, people take it whether they need it or not. Something to keep in mind once the inevitable Health Care debate rolls around…

By: z_adura

z_adura — Fri, 28 Mar 2008 12:58:15 +0000

Jay, we are clamoring to undo the Bush tax cuts to pay for the things we are buying on credit. Hopefully, you don’t run your personal finances like the Republicans run the country.

By: Jay

Jay — Fri, 28 Mar 2008 12:16:56 +0000

That does the Federal Reserve’s move have to do with Christians? You’d be hard pressed to make a more asinine statement.

That being said, I find it amusing that liberals are suddenly concerned how their tax dollars are spent. Meanwhile, they’re clamoring to undo the Bush tax cuts and for what? To spend more tax dollars.

Unlike general spending, where the money is here today and gone tomorrow, the firms getting this money pay interest and when it is lent to consumers, they will pay interest. This move was made by the Fed to free up more credit for consumers and small business. Is that supposed to be a bad thing?

By: merlallen

merlallen — Fri, 28 Mar 2008 09:56:26 +0000

And they scream about welfare for sick and needy people. Christians suck. Republican Christians, that is.

By: C.S.Strowbridge

C.S.Strowbridge — Fri, 28 Mar 2008 08:02:11 +0000

“I believe that was part of the deal. They got our money but we didn’t get to know who was getting it.”

What a deal. How could the tax payers complain about that?

By: Micheline

Micheline — Fri, 28 Mar 2008 03:22:23 +0000

I have to warn you that this comment is off topic but CNN did a report on Jeremiah Wright bring up some additional quotes from a newsletter. Now some appear to be anti-semitic, but the reason I am writing this is because I am convinced that they want to tear this man down. These guys are on a fishing expedition to get this guy. I think we need to be vigilant regarding this matter because the media are trying to stir the pot.

By: pwapvt

pwapvt — Fri, 28 Mar 2008 01:30:36 +0000

The report does not identify the borrowers.

I believe that was part of the deal. They got our money but we didn’t get to know who was getting it.

By: Sean D. Martin

Sean D. Martin — Thu, 27 Mar 2008 22:12:26 +0000

Goldman Sachs, Lehman Brothers and Morgan Stanley said Wednesday they had begun to test the new lending mechanism.

I’m not even sure what that means. When I “test” our systems, I hook into non-production environments. Nothing happens in the “real world”.

Are they only pretending to borrow money just to see how it works?