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Comments by Georgy

Page 1 of 9 | Next

Posted on October 5 at 10:03 a.m.

The $$ will be used to buy foreclosed assets at discount prices. If we don't buy the assets at lower than market prices it is likely we will enter into a depression because home prices will plummet and peoples 401k's and retirements will lose half there value when the stock market crashes. Unemployment will increase because businesses will have to consolidate and cut back.

Do some study about economic history. Pre-depression history is incredibly similar to now. Deregulated financial markets and over leveraged investments caused a crash after the bubble burst, but republicans won out and prevented govt. intervention. It took 12 years of govt. spending to hold the nation together with the new deal. Hoover screwed up by not bailing out all the foreclosures.

If you want to see even more of the nations wealth go in fewer hands, then just let the market decide what to do as Gallegly is suggesting with his "no" vote.

On Capps, Gallegly Weigh In on Bailout

Posted on October 4 at 12:04 p.m.

http://www.aclu.org/crimjustice/juv/3555...

On Don't Build School to Prison Pipeline

Posted on October 4 at 11:54 a.m.

I'm not sure what the Gang Task Force will do. I hope they do some good.

One thing I do know is the High Schools need to deal with the boys who are in gangs. Currently it appears they just kick them out and into El Puente or La Cuesta. That's bad policy and poor teaching.

El Puente needs to be closed.

Teachers need to have the flexibility to alter their curriculum to fulfill the needs for troubled, angry boys instead of being forced to cram unwanted state standards down their throats.

Let these boys work on cars and computers. Let them do art and explore creativity. Let them read car manuel's instead of Shakespeare.

Trying to make these boys conform to a militaristic structure isn't working. And it doesn't work in prison either.

On Don't Build School to Prison Pipeline

0 of 1 people thought this was a good comment.

Posted on October 4 at 11:27 a.m.

Thank god Capps, Boxer, Feinstein, McCain, Obama and Biden were smart enough to vote for this purchasing of foreclosed assets. Without it, it is likely we would have seen housing prices tumble and peoples retirements get cut in half. Fixed income people would be left either homeless or hurting pretty bad.

Deregulating the financial markets is the root cause of this crisis. Fed Chair Alan Greenspan and SEC chair Chris Cox made the rule changes that allowed corporations to give bad loans and leverage their investments.

Just because 95% of people think the world is flat doesn't make it so. It's ashame that American voters were dumb enough to elect Cheney who appointed Cox to the SEC, but people who don't care or don't vote are ultimately responsible as painful as it is.

On Workers Protest Bailout Proposal

Posted on October 2 at 7:20 p.m.

"Paulson Plan's attempt to steal billions of dollars from taxpayers to bail out his cronies on Wall Street"

Alan Greenspan deregulated the the financial markets not Paulson.

The $$ will be used to buy assets at discount prices not pay a salary to anyone. If we don't buy the assets at lower than market prices it is likely we will enter into a depression because home prices will plummet and peoples 401k's and retirements will lose half there value when the stock market craches. Unemployment will increase because businesses will have to consolidate and cut back.

I agree it is a raw deal and a bad situation created by to much laissez faire deregulation, but Paulson had little or nothing to do with it, even if he was savvy enough to profit from it at Goldman Sachs. It takes a thief to catch a thief.

On Treasury Secretary Paulson Led Way to Risky Business

Posted on October 2 at 6:53 p.m.

A good overview of the situation.

In my opinion the situation would not have arisen if the Fed. Chair Alan Greenspan had not deregulated the financial markets and SEC chairman Chris Cox hadn't deregulated the trading rules that allowed for naked short-selling of American Companies.

On House Rejects Wall Street Bailout

Posted on October 2 at 6:44 p.m.

“It's welfare for the corporate people who caused the problems.”

Wrong.

The U.S. Voters elected Bush and the republican Congress.
The U.S. voters allowed Bush to appoint a de-regulatory S.E.C.
The U.S. voters allowed Bush to waste $$ on an unnecessary war and run up record fiscal deficeits.

Don't blame corporate businesses for the U.S. voters mistake, corporate businesses would have been much better off without Bush.

On Workers Protest Bailout Proposal

Posted on September 27 at 4:16 p.m.

Landscape painting takes on a new meaning. What about other dye colors like red or yellow?

On Not Everyone Is Happy with the BAER Report

Posted on September 21 at 9:03 p.m.

No work, rob a 7-11, go to to jail, get work, doesn't pay, masters of men, slaves in confinement.

On Cut Costs and Put
Inmates to Work

Posted on September 10 at 4:10 p.m.

It's all about personality to the dumbed-down American voters. Issues are to hard to think about.

The Repub-Dems have already sold out the American economy and jobs from this country without any tariffs. The Clinton-Bush Era supported Nafta and globalization with no protections for the American white and blue collar workers.

I wonder when people will wake up and realize that the partys over, good jobs and our former standard of living are never coming back.

On The Heir a Parent?

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