OT: Emergency Buy Out

[storkus at storkus.com]

On Sun, 28 Sep 2008 23:42:23 -0700, "Joshua Zeidner"
<jjzeidner at gmail.com> said:
> 
>   I just want to make it abundantly clear that these problems can in
> no way be blamed on the GOP alone.  Perhaps the one piece of
> legislation that was the most instrumental in bringing us to where we
> are now was the Financial Services Modernization Act, or Gramm-Leach-
> which repealed the Glass-Steagull act of the Depression era.
> 
>   http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act

OMG!!!  I had forgotten about that one!  I think you hit the nail on the
head!  I remember when that was being debated (on talk radio and
elsewhere) a lot of people were saying how bad an idea it was and it
could lead to some of what caused the depression to happen again.  Looks
like they were right, and probably a lot sooner than even they had
anticipated!

BTW, I have to make (as I often do) one point again, and I think others
here have said as well: a lot of what gets blamed on the President has
little to do with him.  The power to make law is Congress'
responsibility, so most of what's happening can be blamed on them.  Yes,
it's easier to blame it on the figurehead, but it's usually not correct.
 It's also what's so annoying about elections where the candidates keep
saying, "I'll do this or that," when, as President, they don't have the
power to do anything but sign or reject the piece of paper that does it.
 Sure, they can "work with", but ultimately it rests in the hands of the
congress men and women, and how much money they're taking from those
bribing, er, lobbying them.

>   We need to get past these partisan politics.  Its quite demoralizing
> to see people shouting "Obama!" through all this when he has shown
> nothing but support for the bailout.

Both of them: when it comes to the bailout, they're both on the same
page--we have no choice.  It's why I and a lot of others have been
saying for years we really have a one party system and which party you
select just picks which hole you want to get screwed in.  I consider
myself a conservative libertarian and have a hard time voting for for
any republican because they've gotten so corrupt and so far left.  And
the democrats seem just a step or two away from having to rename
themselves a socialist party! (Well, at least some of them.)  Too bad
general elections don't allow write-ins.

> It's time to stop looking...[at] the whole world through the lens of the mainstream media.

Is there ANYONE on this list who would disagree with that?  Trouble is,
is there a real alternative?  Other country's media is just as biased in
one way or another; in fact, I challenge anyone to find a media that's
even moderately unbiased. :(

Mike

> 
>   -jmz