Comments on: What Harry Reid Wants In First 100 Days

By: JohnMG

JohnMG — Fri, 28 Nov 2008 13:02:00 +0000

The title of this thread reminds me of a saying we used in ‘Nam; “Sh** in one hand, and ‘want’ in the other, and see which one gets full first”.

By: mathews

mathews — Fri, 28 Nov 2008 07:21:53 +0000

Someone forgot Reid will work extremely hard to “credential” Al Franken, regardless of the recount that’s apparently going Coleman’s way in Mn.

By: proreason

proreason — Wed, 26 Nov 2008 16:03:51 +0000

From the brilliant Thomas Sowell’s column today: “We have just seen one of the biggest free home demonstrations of what happens in an economy when politicians tell businesses what decisions to make.

For years, using the powers of the Community Reinvestment Act and other regulatory powers, along with threats of legal action if the loan approval rates varied from the population profile, politicians have pressured banks and other lending institutions into lending to people they would not lend to otherwise.

Yet, when all this blows up in our faces and the economy turns down, what is the answer? To have more economic decisions made by politicians, because they choose to say that “deregulation” is the cause of our problems.”

http://townhall.com/columnists.....ain?page=2

By: 1sttofight

1sttofight — Wed, 26 Nov 2008 15:00:56 +0000

When is someone going to jail over this disaster?

By: locomotivebreath1901

locomotivebreath1901 — Wed, 26 Nov 2008 14:50:32 +0000

“…the first 100 days of the session?”

Party like it’s 2006!, and accomplish just as much.

Nine percent nancy has the template.

By: Lurkin_no_mo

Lurkin_no_mo — Wed, 26 Nov 2008 06:47:23 +0000

$6 Trillion or $7.4 Trillion, give a Trillion or two….

By: Perdido

Perdido — Wed, 26 Nov 2008 05:21:50 +0000

The only way out of this is devaluation.

Wait until the people of this country get a taste of 1200% inflation. Especially the salary-bound middle class and wage-bound blue collars. I wonder if public hangings will return to vogue.

I’m trying to imagine how I am going to manage it myself. Will the governments be able to keep pace with the rise by increasing taxes or do they fall behind? Does my mortgage get paid off super quick because I will be repaying with incredibly smaller dollars?

Inquiring minds want to know.

By: proreason

proreason — Wed, 26 Nov 2008 03:02:27 +0000

“total bailout money to date is either $6 trillion or $7.4 trillion”

See my post in the Rubin article one lower than this one.

Counting the bailouts, the lost market value, and lost home value, total cost is about $20 Trillion. so far.

Annual GNP was over $14 trillion last year, so it’s like you decided to loan you wayward Brother in law a couple grand, and when you look up, you’ve blown 150% of your annual income.

That’s what Big Government gets you. Don’t you feel secure knowing Harry Reid and his friends are looking out for you?

Enjoy your $500 tax incentive check, if you are lucky enough to get one.

By: DEZ

DEZ — Wed, 26 Nov 2008 02:43:58 +0000

Holy shiites Batman!!!!

Thats where I am confused, the financial bailout of wall street was advertised as 700 billion, so now I am really messed up.;-(

Thanks Guppy!

By: GuppyNblue

GuppyNblue — Wed, 26 Nov 2008 02:36:33 +0000

Dez I was going on memory but here's the transcript. RUSH: All right, Barry Ritholtz, a financial blogger, has run the numbers on the bailout, and he cites a guy named Jim Bianco of Bianco Research who crunched inflation-adjusted numbers and compared some previous federal government expenditures to the current total of the bailout. Now, depending on where you look, the total bailout money to date is either $6 trillion or $7.4 trillion. These guys, they just ran it up to $4.6 trillion, and it's more than that now. It's at least two trillion more than that. Now, the current national debt is like $7 trillion. Maybe it's higher than that. But regardless, that's irrelevant here. This current bailout, calculated only up to $4.6 trillion, has cost more than all of the following government expenditures combined.

By: DEZ

DEZ — Wed, 26 Nov 2008 02:10:40 +0000

Guppy, am I missing something?
Is not 25,000 per person, assuming 300 million Americans 7.5 trillion dollars?

By: pinandpuller

pinandpuller — Wed, 26 Nov 2008 02:07:04 +0000

I read today that Thailand means “land of the free”. I’d like to tell Harry to Phuket and Nancy to Bangkok. That leaves Hillary and the King and I have no desire to get to know either one of them.

Wes Craven couldn’t make a scarier scenario.

By: GuppyNblue

GuppyNblue — Wed, 26 Nov 2008 01:48:44 +0000

Dez
” Averaged out that number comes to over 11000 dollars for every man, woman and child in the US.”

I think it was Rush that pointed out that the bailouts so far equate to $25,000 per person in the U.S. All I can do is shake my head and rhetorically ask, how the hell did we get here? I don’t think the average Joe understands just how much this is going to hurt. Are we just going to rent our nation from China?

By: DEZ

DEZ — Wed, 26 Nov 2008 01:34:10 +0000

Guppy I seem to recall the federal tax receipt for 2006 was 2. 4 trillion dollars.
The states take was .8 trillion.
I am going from memory here with those numbers, but they will not be far off.
That’s a huge chunk of change,and as you have noted mostly wasted on pork, and asshats like Reed have the nerve to ask Americans to suck it up while they confiscate more.
Averaged out that number comes to over 11000 dollars for every man, woman and child in the US.
Taxpayers are not the ones that should tighten their belts, its jerks like Reed, and I would love to tighten his belt for him, it would just be used about 2 feet higher.

By: GuppyNblue

GuppyNblue — Wed, 26 Nov 2008 00:31:09 +0000

“I wish we could have gotten more money for infrastructure.”
This government is collecting more money from taxpayers than ever before. The problem is they spend it on politically rewarding pork instead of the intended use. With the biggest budget in the world in his hands, Harry has the balls (sorry) to want more from us.