Quote from Nofear777:
I am proud of this country today.
If you are a believer in a free market, then you share my sentiments.
Sometimes a forest must burn to grow bigger.
Quote from dafong:
what is with people and the free market ideal?
you know that our country did not prosper on the idea of free market, but somewhere in the middle between a free market and a controlled market. Face it, with a free market, the peaks of a business cycle would be so high, and the troughs would be so low.
Quote from huh:
LOL give me a break. You really think this so called defeat had anything to do with the redumblicunts and demoncrats suddenly wanting true capitalism?....This vote was shot down over a political pissing match between the buffoons in the house. This bailout will pass and most likely will pass within the next couple of weeks, and the tax payers will be hosed and we will be on our way to a shitty socialist market.
If these so called capitalists were serious then you would see them voting nay on every bailout bill that comes but I SERIOUSLY doubt that will happen.......and thank god I wasn't short any puts today!
Quote from theboxer:
I think it also had something to do with the large number of people (avg. citizens) that harrassed their congressmen, and the congressmen wanting to keep their seats - that's how democracy is supposed to work, though it rarely does.
Quote from Landis82:
But unfortunately, the average guy in the street "Joe-6pack" has absolutely ZERO understanding of how money and capital markets work ( the banking system ). You can also put 98% of Congress in that camp as well. Zero understanding of how the economy and banking system are related.
"Joe-6pack" won't get his economics lesson until he has lost his job because the company that he works for was unable to finance their payroll through the "frozen" commercial paper market, or because the order at his company just dried-up because of a lack of financing.
This is NOT a "great" day for America.
It simply confirms what we already know . . . that the average American is far too dumb to be governed. They are like a DOG, that only knows how to react to one-syllable words like, "fetch" "stay" and "sit".
They are unable to think through even the most slightly complicated issues, like the current one.
Bring on double-digit unemployment rates . . . and an economy that comes screeching to a halt with one bankruptcy after another. It's already happening.
What a shame.
Quote from theboxer:
I think it also had something to do with the large number of people (avg. citizens) that harrassed their congressmen, and the congressmen wanting to keep their seats - that's how democracy is supposed to work, though it rarely does.
Quote from Landis82:
But unfortunately, the average guy in the street "Joe-6pack" has absolutely ZERO understanding of how money and capital markets work ( the banking system ). You can also put 98% of Congress in that camp as well. Zero understanding of how the economy and banking system are related.
"Joe-6pack" won't get his economics lesson until he has lost his job because the company that he works for was unable to finance their payroll through the "frozen" commercial paper market, or because the order at his company just dried-up because of a lack of financing.
This is NOT a "great" day for America.
It simply confirms what we already know . . . that the average American is far too dumb to be governed. They are like a DOG, that only knows how to react to one-syllable words like, "fetch" "stay" and "sit".
They are unable to think through even the most slightly complicated issues, like the current one.
Bring on double-digit unemployment rates . . . and an economy that comes screeching to a halt with one bankruptcy after another. It's already happening.
What a shame.