I wrote days ago that if the “crisis” is a true one, we would see it peak very quickly, with an unknown amount of pain involved.

If phony, it would be dragged out by the media with endless, worthless predictions of The End of the World As We Know It, along with Dem attempts in fact to bring that about!

After skimming through writings by various experts, including Paul Zak a “neuroeconomist” (sic!), I am more positive than ever before that the “crisis” is being created and prolonged day-to-day. Examples are the Dems in the Senate taking their good old time about voting on the “bail-out” deal, and the possibly deliberate fiasco exhibited yesterday by Pelosi.

The timing is highly suspicious as well: remember October Surprise? Check your calendars tomorrow when the Senate supposedly will vote: how many Dems are going to vote “no” and then blame the Republicans for a lack of action to “resolve the crisis” ?

Follow the money: what is Soros buying and selling right now? Ted Turner? Peter Lewis? Carlos Slim? Just to name a few leftist billionaires, who could clean up even more by manipulating the political system to their advantage, under the guise of bettering humankind: Soros himself has openly said this.

Separating yourself from the panicked mob is difficult: as Paul Zak has demonstrated in his research, there are parts of the brain that make us feel as if we are in the wrong, if we are not following the herd.

He is buying depressed stocks today, and says that the reaction to everything is illogical.

And yet:
Should Congress pass “something” to end this? Yes, because even phony panics are still panics, and should be stopped.

But with the Dems in charge it will have very little to do with conservative principles. Points like “Gamecock” has mentioned, which should be part of such a bill, are excellent.

Which is why they will most likely not be included.

But we can always hope and send off those angry e-mails and make those forceful phone calls to Congress!

We are the ‘verge of a depression’ and congress takes 2 days off?

The fundamentals of the market are still in place.

Problems can only be solved through the free market.

Carl

A good start for the republicans would be to begin to educate the voters on what the options are, realistically, and why they should support a particular course of action. Right now it is pretty hard to understand what people are in “favor” of.

WSJ Link

“Sec. 10. Increase in Statutory Limit on the Public Debt.
Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.”

Is this really what this means?

I’ve been astounded that so many “conservatives” can’t wait to get in line for this gummint cheese.

These are actions the President or Paulson can take now, today, to increase confidence and improve the credit/liquidity crunch.

Additionally raising the FDIC cap makes sense, also turning on the Exchange stability Fund. These guarantee bank & money market accounts respectively and should prevent hoarding.

Let’s not forget — we were told that if a bailout was not passed last Friday the world would come to an end.

Really? It’s Tuesday and the Dow is up 500 and there’s no bailout.

Here’s a radical suggestion: How about we let the market decide?

We have an election in one month. Let’s let the voters decide. Delay the bailout until after the election. Take the limited steps outlined here.

If they want this bailout, they’ll return the current House members who voted for it. If not (and I suspect this is the case) they will vote for those who opposed it and against everyone else.

We could have a whole new Congress by Nov 5.

Republican’s??? Are you talking about one Republican? There is no possession here. Please be more careful. Especially when dealing with something so important.

Whenever the words financial crisis are used together, the first action item should be a government holiday for three days for all elected and appointed official – no hearings, no interviews, no meetings, no talk shows, just go away and come back in three days. We’ve been in this immediate crisis for several weeks now, and the world has not come to an end. Yes it’s serious; yes financial companies and assets sre under pressure. But the President, the Secretary of Treasury and the Fed Chairmen have a variety of other actions they can take (aside from ones already used), without Congressional approval, to alleviate the anxiety. I’d feel better if they acted on some of them before dreaming up a $700 Billion charity program, with ACORN and associates as the primary beneficiaries. When you consider all the resources available to these experts, that would enable them to explain the problem to the American people in understandable terms, and then witness their colossal failure in doing the same, you have to wonder what the hell they are expert in. It’s certainly not communications.

Can someone please explain to me how the current financial crisis resulted from a lack of freedom, as the article suggests?

Not a troll, just trying to grok this perspective.

I Googled it and found what I think is the latest version.

I’m no lawyer, or accountant or anything, but the bit about “Troubled Assets” and how the Secretary of the Treasury (as long as he consults with some committee in Congress) can define “Troubled Assets” to be just about anything he wants them to be and then purchase them (page 5) disturbs me a bit.

There is some stuff further down about the secretary being able to take over financial institutions that makes be a bit queasy too.