rescueplan

rescueplan https://www.dailykos.com/news/rescueplan News Community Action Copyright 2005 - Steal what you want Mon, 27 Jan 2020 20:25:22 +0000 Mon, 27 Jan 2020 20:25:22 +0000 Daily Kos rss@dailykos.com (Daily Kos) Daily Kos rss@dailykos.com (Daily Kos) The Republican Leadership–They Just Don't Get it https://www.dailykos.com/story/2009/2/19/699262/-The-Republican-Leadership-8211-They-Just-Don-t-Get-it BENEATH THE SPIN • ERIC L. WATTREE The Republican Leadership–They Just Don't Get it It is completely unconscionable how far the Republican leadership has strayed from anything resembling responsible governance. While they thrive on their claim of patriotism, their petulant obstructionism during one of the most serious financial crises in American history betrays a total disregard for this nation, and an absolute disdain for the American people. Their childish behavior is nothing short of political malfeasance. But true to form, they claim that their attempt to sabotage President Obama's rescue program is for America's own good. They claim that they're concerned about reckless spending, and the huge debt that the president's initiative is going to leave our children. But that claim is disingenuous on it's face. Where was that concern when they literally threw away a trillion dollars, off budget, in Iraq–a meaningless war that only served to enrich Republican cronies, and has caused so much wear and tear on the U.S. Military, that it's going to cost us an additional trillion in order for the nation to recover. rss@dailykos.com (Wattree) BarackObama Bipartisanship Conservatives FranklinRoosevelt Obstructionism President Obama Republicans rescueplan RonaldReagan Rush Limbaugh RushLimbaugh TheGreatDepression TheNewDeal _699262 Thu, 19 Feb 2009 14:59:21 +0000 Watch CNBC's "House of Cards" -- to understand the problem https://www.dailykos.com/story/2009/2/15/697915/-Watch-CNBC-s-House-of-Cards-to-understand-the-problem I caught the second half the this investigative documentary last nite on CNBC, and I finally "see the Big Picture" of how we got in the Mortgage and Banking Mess that we are in right now. David Faber - CNBC Anchor and Reporter, does an excellent job of interviewing "real people" at every stage of this "profit-driven" food chain, so that we get a real feel for the extent and nature of this Global Economic Meltdown: House of Cards <object width="425" height="344"><param value="http://www.youtube.com/v/iERY1bl0vEA&hl=en&fs=1" name="movie"></param><param value="true" name="allowFullScreen"></param><param value="always" name="allowscriptaccess"></param><embed width="425" allowfullscreen="true" allowscriptaccess="always" src="http://www.youtube.com/v/iERY1bl0vEA&hl=en&fs=1" type="application/x-shockwave-flash" height="344"></embed></object> <a href="http://www.youtube.com/watch?v=iERY1bl0vEA">http://www.youtube.com/...</a> Watch CNBC Sunday, February 15th  9p ET Monday, February 16th  8p | 12a ET Sunday, March 1st  Midnight ET Sunday, March 15th  9p ET <a href="http://www.cnbc.com/id/28892719/">http://www.cnbc.com/...</a> rss@dailykos.com (jamess) Bailout CDO CDs CNBC DavidFaber Depression Forecloses FrontLine HouseofCards Mortgages PBS Recession rescueplan sub prime TARP Wall Street WallStreet _697915 Sun, 15 Feb 2009 22:16:51 +0000 The Republican Party–a Threat to America https://www.dailykos.com/story/2009/2/12/696544/-The-Republican-Party-8211-a-Threat-to-America BENEATH THE SPIN • ERIC L. WATTREE The Republican Party–a Threat to America One of the Republican Party's most enduring talking points is that the Bush administration has kept America safe since 9-11, but what evidence do we have of that? Even as the Bush administration bragged about their security efforts, they left both our front and back doors wide open. The two primary entry points into the United States are all but short of a welcome sign. In testimony before the Senate Finance Committee on September 27, 2007, Greg Kutz of the Government Accountability Office testified that GAO investigators were able to cross into the United States from Canada with a duffle bag filled with contents resembling radioactive material on three different occasions during the fall of 2006. He went on to testify that they did so without encountering even one law enforcement official. And as everyone knows, our Southern border is an absolute sieve. If Jose Garcia can simply walk across the Mexican border into the United States, what's to prevent Osama Abdul from doing exactly the same? rss@dailykos.com (Wattree) America Barack Obama BarackObama Enemy Obstruction PeteSessions Republican Party RepublicanParty rescueplan Rush Limbaugh RushLimbaugh Stimulus Taliban _696544 Thu, 12 Feb 2009 14:56:19 +0000 Solving The Crisis - 1: Shooting That Elephant https://www.dailykos.com/story/2008/11/26/666617/-Solving-The-Crisis-1-Shooting-That-Elephant We're in the middle of a financial crisis rescue plan.  Unfortunately, we're only at the beginning of a deepening, monstrous financial crisis, unless something more creative is done, soon.  So far, I'm not overawed by the actions that Treasury, the Federal Reserve and FDIC have taken.  They're going to run out of money long before they have any real effect on the credit markets, housing, or the world equity market, if they keep following the current strategy. Way back, two months ago, on September 23, Princeton University had an Economics Department summit, with luminaries Paul Krugman, Alan Blinder and others, analyzing and explaining the crisis.  It's still available on YouTube <a href="http://es.youtube.com/watch?v=Wj_JNwNbETA">[click here for an hour-plus presentation]</a>.  To cut to the chase, though, I'd recommend <a href="http://www.portfolio.com/views/columns/wall-street/2008/10/15/Credit-Derivatives-Role-in-Crash">this article from Portfolio.com</a>, titled "The $58 Trillion Elephant in the Room," which gives an excellent overview of how the creation and incredible spread of unregulated Credit Default Swaps have really caused this credit freeze. So, let me tell you one way to help fix the financial crisis... rss@dailykos.com (Brooklyn Reader) Bernanke CDs Congress FDIC Fed FederalReserve Financial Crisis financialcrisis paulson rescueplan TARP Treasury _666617 Wed, 26 Nov 2008 16:33:18 +0000 Bush, the Republicans and the Lame Duck Session https://www.dailykos.com/story/2008/11/15/661444/-Bush-the-Republicans-and-the-Lame-Duck-Session To the frustration of almost all Americans and the entire world for that matter, Bush and many of the Congressional Republicans are entering into this "lame Duck" session in opposition to making government loans to the Big 3 auto makers which could save thousands of US jobs, and to any increase in US government aid to create jobs in rebuilding the nations failing infrastructure (water, sewer, bridges, etc.).  They are hiding behind the classic Republican position of "Lass-e-fare" (probably spelled wrong) capitalism, that the private sector will fix all.  But what are they really up to?  Join me after the jump as I speculate on their true motivations. rss@dailykos.com (Doctor Who) Bailout Barack Obama BarackObama George Bush GeorgeBush lameducksession Main Street MainStreet rescueplan Wall Street WallStreet _661444 Sat, 15 Nov 2008 16:45:21 +0000 Are We there Yet? https://www.dailykos.com/story/2008/11/13/660281/-Are-We-there-Yet Have we achieved what we sought? Or are they going to slash and burn us on the way to the door? I have read what you are saying, what your thoughts put to pen are saying to everyone.  Victory! Seems we have forgotten that we elect so they can perform.  That we elected a party of change and the victory is not yet ours.  If it were, we would not be hearing about "<a href="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/11/12/MNCH143AFQ.DTL">Bailouts</a>" and "<a href="http://www.msnbc.msn.com/id/26994238/">rescue plans</a>" Because once again, giving money to the rich, to eventually trickle down to the poor, DOES NOT WORK.... rss@dailykos.com (one pissed off democrat) Election Health Care HealthCare rescueplan _660281 Thu, 13 Nov 2008 10:32:19 +0000 Obama Shouldn’t Dodge the Question About the Bailout’s Impact on His Plans https://www.dailykos.com/story/2008/10/9/625844/-Obama-Shouldn-rsquo-t-Dodge-the-Question-About-the-Bailout-rsquo-s-Impact-on-His-Plans The burning question the two debate moderators had for the candidates is:  how will the costs of the economic bailout affect your proposed budget and spending?  Why does Obama keep dancing around it?  The answer seems simple to me:  not that much.  Here's why . . . rss@dailykos.com (proactive100) Bailout Budget NationalDebt Obama rescueplan _625844 Fri, 10 Oct 2008 03:46:48 +0000 The bail out (rescue plan) and why I hope it fails https://www.dailykos.com/story/2008/10/3/618883/-The-bail-out-rescue-plan-and-why-I-hope-it-fails I do not wish the bail out plan to fail becuase I think it is not needed.  I wish for it to fail because I do not think it is drafted correctly.  Democrats have been forced into concessions that should not have been concessions. rss@dailykos.com (jamielswa) bail out Democrats Republicans rescueplan _618883 Fri, 03 Oct 2008 15:10:42 +0000 RetroVision Media: Senate Willing To Risk Pound of Flesh For Pound of Pork To Pass Bailout Bill https://www.dailykos.com/story/2008/10/2/617928/-RetroVision-Media-Senate-Willing-To-Risk-Pound-of-Flesh-For-Pound-of-Pork-To-Pass-Bailout-Bill Last night the Senate passed it’s pork filled bailout bill, now being belatedly re-marketed as a rescue plan 74-25 with John McCain, Barack Obama and Joe Biden all present and all voting for it. With goodies like: * Manufacturers of kids’ wooden arrows - $6 million. * Puerto Rican and Virgin Is- lands rum producers - $192 million. * Wool research. * Auto-racing tracks - $128 million. * Corporations operating in American Samoa - $33 million. * Small- to medium-budget film and television productions - $10 million We find all of the above, among many others we’ll discuss very troubling. With John McCain holding himself out to be a maverick, willing to travel the rough road to maintain his integrity, his convictions and his hard nosed stance against pork barrel politics, we find his vote to be another major contradiction of the image his handlers and marketers have fashioned for him. rss@dailykos.com (lbines) Bailout Barack Obama BarackObama BenBernanke Congress depressionera Earmarks HenryPaulson Joe Biden JoeBiden John McCain JohnBoehner JohnMcCain Nancy Pelosi NancyPelosi Podcast porkbarrelpolitics President Recession rescueplan sarahpalindebate Wall Street WallStreet _617928 Thu, 02 Oct 2008 19:00:46 +0000 Do They NOW Get Why "Big Speeches" Matter? https://www.dailykos.com/story/2008/10/1/616384/-Do-They-NOW-Get-Why-Big-Speeches-Matter Ok, the McCain camp has had a pretty rough week so I won't take any pleasure in rubbing salt into their wounds (oh hell, who I am kidding-let's go for it. They deserve it after all they have put us through)... So here goes- let's start by reflecting on the all-important lesson that we learned this week: The AMERICAN PEOPLE run this country, not the government.  This is a democracy. Legistlation will not pass without the people backing it. It seems that some people may have forgotten that but they got a rude awakening this week. Whether you were for the $700B bill or against it is irrelevant- the fact is that the bill did not pass because the American people stood up against it. So what does this have to do with Obama and "big speeches?" you may ask. A heckuva lot.  Follow me after the fold... rss@dailykos.com (newyorknewyork) Bailout Barack Obama BarackObama Congress Hope Inspiration John McCain JohnMcCain Legislation rescueplan Senate Speeches _616384 Wed, 01 Oct 2008 12:18:37 +0000 Wednesday Night Senate Vote on Bailout/Rescue Plan (w/update) https://www.dailykos.com/story/2008/9/30/616218/-Wednesday-Night-Senate-Vote-on-Bailout-Rescue-Plan-w-update I haven't seen much on this here at DKos, and I find that kind of surprising. I'm not even going to pretend that I know what the hell I'm talking about when it comes to Wall Street. I have a retirement account with TIAA-CREFF that's been sucking wind for the entire year; that's about it. Don't ask me if I understand it because I don't. It's not because I can't, I just haven't put the energy into it. Anyway, having said all that, I really do not know what to believe and what not to believe about this whole bailout/rescue plan. Obama's taking it seriously, and I guess that means that we should too, but I still have my doubts. If I'm reading this right, it's a lose-lose proposition for Democrats.  I know the Progressive caucus has put forward an alternative, but I don't know enough on financial matters to really be able to judge it. I hope someone with some background will provide us with some analysis soon. My biggest concern right now, however, lies with the scheduled Wednesday vote in the Senate on a beefed-up Paulsen, Pelosi, Frank...et al bill. I don't understand it. Maybe someone can help me, but I don't understand why the House Dems have added this package of taxbreaks to the bill. They seem almost unrelated to the problem at hand. rss@dailykos.com (gabbardd) bailout plan bailoutplan rescueplan Senate _616218 Wed, 01 Oct 2008 04:28:41 +0000 All You Can Eat Politics...It Doesn't Get Any Better Than This! https://www.dailykos.com/story/2008/9/25/610046/-All-You-Can-Eat-Politics-It-Doesn-t-Get-Any-Better-Than-This     Whats worse, in a sense, than a slow news day, or even a "no news" day?     A twenty-four hour period where the stories hit so fast and furious, and in such a way that you could almost compare the news cycle to something of a "controlled demolition".     Yesterday, into today, has been exactly that kind of situation.     Johnny McNewsBlackout tried to further limit media access to Casper The Friendly Running Mate. The Media revolted, and said that if John Boy's "Stealth Veep" wouldn't come out from under her sheet...what was left of the relevant media bubble wouldn't have to wait for the public to burst. The Networks would be only to happy to do it for them. rss@dailykos.com (AAAverageAmericanBlogger) Bailout Barack BarackObama Bill Clinton BillClinton Congress Debate George Bush GeorgeBush mcCain Obama rescueplan Sarah Palin SarahPalin Stock Market StockMarket Wall Street WallStreet Warren Buffet WarrenBuffet _610046 Thu, 25 Sep 2008 16:09:41 +0000 SEND MORE MONEY, OR THE RICH WILL SCORCH THE EARTH! https://www.dailykos.com/story/2008/9/23/608337/-SEND-MORE-MONEY-OR-THE-RICH-WILL-SCORCH-THE-EARTH Abstract: The Treasury and Federal Reserve plan of September 23 2008 is a scheme to save and please many of the richest institutions and individuals of the USA, the very authors and beneficiaries of the present crisis. The People of the USA should instead insist to nationalize all and any financial institution that needs help and is of public interest (like AIG). Others should be left to fail (like Lehman). *** Patrice Ayme, <a href="http://patriceayme.wordpress.com/">http://patriceayme.wordpress.com/</a> rss@dailykos.com (patriceayme) creditswaps HenryPaulson Nationalizations Plutocracy rescueplan triage _608337 Wed, 24 Sep 2008 05:35:36 +0000 Henry Paulson Is The Problem. Not The Solution https://www.dailykos.com/story/2008/9/23/608219/-Henry-Paulson-Is-The-Problem-Not-The-Solution Since when do we hire  the arsonist to put out the fire? Henry Paulson is not the solution. He is the problem. Paulson was CEO of Goldman-Sachs, the former investment bank. He made $700 million dollars, much of it still invested in the firm.  Goldman is one of the firms that will be rescued by the plan he proposes. This is the guy who is going to save us from the banking catastrophe? What is more in Paulson's interest? Saving the value of his stock by preventing Goldman from going under? Or figuring out a way that Joe Sixpack can keep his house ? <img alt=" title=" src="http://i36.photobucket.com/albums/e16/organicdemocrat/paulson.jpg" /> Paulson is exactly the kind of robber baron that has become rich by gaming the system. Now he wants unchecked authority to save the country from the crisis he helped create. rss@dailykos.com (organicdemocrat) Goldman-Sachs GoldmanSachs HenryPaulson rescueplan RobberBaron _608219 Wed, 24 Sep 2008 03:29:37 +0000 A Modest Proposal to Make the Bailout Plan Fair (and Maybe even Profitable) https://www.dailykos.com/story/2008/9/21/605586/-A-Modest-Proposal-to-Make-the-Bailout-Plan-Fair-and-Maybe-even-Profitable Buying illiquid mortgage-backed securities from financial firms might make sense - if the institutions are forced to include equity positions or stock options as part of a package deal. Sopranos Translation: if we're going to bail these crooks out, at least let's get a piece of their action. rss@dailykos.com (RobertoW) Bailout George Bush GeorgeBush HenryPaulson rescueplan _605586 Sun, 21 Sep 2008 18:33:57 +0000