[Rhodes22-list] Bush Speech

[Hank]

Brad,

Obviously you don't watch Mythbusters.  On one episode they used lead foil
to make a large ballon that could fly.  So, yes, it is possible for a lead
ballon to fly!

Hank


On 9/25/08, Brad Haslett <flybrad at gmail.com> wrote:
>
> Hank,
>
> Here's your "convenient scapegoat", Barney Franks. I could name some
> others from both parties but Franks will do fine, thank you. What
> truly amazes me is how some people can advocate conducting the same
> experiment over and over, with the same results, and say we're making
> advances. Communism didn't work out those who tried it, socialism
> isn't working out so well in Europe (look at their unemployment rate
> and the direction of recent elections).  The beauty of capitalism is
> that when something doesn't work, you try something else that does.
> Nixon was dumb enough to get talked into wage and price controls and
> that worked about as well as lead zeppelin.  I don't like the idea of
> this "bailout" but I understand the need for it, and hopefully these
> underlying assets will be sold for enough to recoup a significant
> chunk of the 700 Billion.  Bush did a pretty good job, IMHO, of
> presenting the case clearly last night.  If the Congress turns this
> into an opportunity for new social programs, it either won't get
> passed or it will pass and add more to the problem than it solves.
> One thing at a time here folks.  The oil passages in the engine are
> clogged and the bearings are starting to melt.  Let's change the oil
> first and then design a "new and better" engine later.
>
> Brad
>
> On Thu, Sep 25, 2008 at 8:28 AM, Hank <hnw555 at gmail.com> wrote:
> > Rob,
> >
> > What I fail to understand is why everyone wants to paint Bush as SOLELY
> > responsible for everything that happens in this country.  Last time I
> > checked we weren't living in a dictatorship.  Congress has to pass the
> laws
> > before the President can sign them.  Congress shares just as much
> > responsibility in this as Bush.  Let's give credit, and blame, where it
> is
> > due and not just dump it on a convenient scapegoat.
> >
> > Hank
> >
> >
> > On 9/25/08, Lowe, Rob <rlowe at vt.edu> wrote:
> >>
> >> Brad,
> >> That pretty much sums it up.  What he failed to say was that he was
> >> apologizing for 7 years of failed policies that created this mess in the
> >> first place and that he was trying to save his legacy by having the
> >> taxpayers bail his ass out of trouble.  Now if he had said that, I'd
> >> probably consider going along with his plan.  But wait, $700B spread
> >> among 300M citizens is only around $2300 a person, why not just ask
> >> everyone to pony up their share?
> >>
> >>
> >> -----Original Message-----
> >> From: rhodes22-list-bounces at rhodes22.org
> >> [mailto:rhodes22-list-bounces at rhodes22.org] On Behalf Of Brad Haslett
> >> Sent: Wednesday, September 24, 2008 9:46 PM
> >> To: The Rhodes 22 Email List
> >> Subject: [Rhodes22-list] Bush Speech
> >>
> >> I truly hope SOMETHING gets passed so the loan on the house I'm
> >> selling closes on schedule next week (Tip O'neil said it best - all
> >> politics is local).  Here's one summary of the Presidents speech.
> >> Brad
> >>
> >> ---------------
> >>
> >> Bush: Congress Must Act to Save Stupid People
> >>
> >> Posted By Scott Ott On September 24, 2008 @ 10:41 am In Business, U.S.
> >> News |
> >>
> >> (2008-09-24) - The foundation of the U.S. economy could crumble,
> >> President George Bush said today, if Congress fails to approve a U.S.
> >> Treasury plan to take over foundering financial firms, a proposal
> >> which the president called "a much-needed 21st-century civil rights
> >> act for stupid people."
> >>
> >> "To sustain this shining city on a hill," Mr. Bush said, "we need to
> >> rescue the ignorant, irresponsible folks - from Wall Street to Capitol
> >> Hill to Main Street - who got us to where we are today. We must
> >> guarantee that no American suffers the soft bigotry of being forced to
> >> live with the consequences of his bad decisions."
> >>
> >> The president, in remarks to the news media clearly aimed at reluctant
> >> Republicans in Congress, said, "Our financial system rests on a
> >> foundation of huge banks, brokerage houses and quasi-governmental
> >> agencies that followed Washington's lead by gambling on long-shot,
> >> poorly-collateralized investments. Now this glorious way of life is
> >> threatened, and we must act to preserve it."
> >>
> >> "We need to guarantee that the structures, systems, people and
> >> products that got us to this point won't be tossed on the ash heap of
> >> history," said Mr. Bush. "If these giant companies fail, then America
> >> will be left with nothing but thousands of small to mid-sized
> >> financial firms that made prudent investment decisions during the past
> >> 15 years."
> >>
> >> The president added that, "Americans value the liberty they have to
> >> buy homes they can't afford, to invest in securities backed by nothing
> >> but hope, and to draw six- and seven-figure salaries based on the
> >> courage to risk taxpayer dollars on deals that even the dealmakers
> >> don't understand."
> >>
> >> "It is a moral imperative that we guard the civil rights of these
> >> idiots," he said. "If we fail, then we face the specter of free market
> >> capitalism run amok, and millions of Americans will feel the painful
> >> lash of personal responsibility across their backs."
> >>
> >> __________________________________________________
> >> To subscribe/unsubscribe or for help with using the mailing list go to
> >> http://www.rhodes22.org/list
> >> __________________________________________________
> >>
> >> __________________________________________________
> >> To subscribe/unsubscribe or for help with using the mailing list go to
> >> http://www.rhodes22.org/list
> >> __________________________________________________
> >>
> > __________________________________________________
> > To subscribe/unsubscribe or for help with using the mailing list go to
> http://www.rhodes22.org/list
> > __________________________________________________
> >
> __________________________________________________
> To subscribe/unsubscribe or for help with using the mailing list go to
> http://www.rhodes22.org/list
> __________________________________________________
>