TPMtv: Sunday Show Roundup: Bailout Blues

[djathens2]

Wow, I feel great after that one! :( Time to pour myself a drink...

[benstevens19]

we're fucked, shit.

[jonz23m]

as much as i hate to say it ..schwarzenegger is right..america has to accept reality..corporateism and consume-mania. You cant expect to get out of this caos without any serious pain.puttin tape on a system that is based on fraud and debt wont save it but make it worse.

[bphendri]

But why does the pain have to come from the working class? Why aren't the lawmakers taking pay cuts, taking furlough days? Why do they still have state and federal cars, with state and federal gas cards?

I'd be willing to accept some of the pain and the shit they shovel if it wasn't for the fact they don't have to get down and be in the slop too.

[ScoundrelLB]

Friedman - the mental giant whose opinions change to match whatever the prevailing views are and then pretends that he was the first person to come up with them. Why anyone gives him a public platform or pays any attention to what he says is beyond me. "Suck on this", Tom.

[rjanis123]

it is truly game over ya'll

America we had a great run, start to learn how to speak Cantonese.

[bgilles]

Friedman is such a tool. I still want to read his book though... What's up with that?

[bernlin2000]

Friedman....ug

[MooseOfReason]

Oh, wow! Pawlenty said something I agree with!

0:10

[Richardgwm]

It is easy to balance the budget. Eliminate the Pentagon, and restore the 90% marginal tax rate on all income over $400,000.

[bigjstokes]

Good one. You should take that joke on the road.

[Richardgwm]

Throughout all of human history there have been hundreds of arms races. In EVERY case, there has been only one of two outcomes: war, or the bankruptcy of both nations.

After WWII, we entered an arms race with the Soviet Union. They have already gone bankrupt, and our arms race mentality and debt are quickly bankrupting us.

We can learn from history, or we can repeat it.

[Spective10]

Fiscal Conservatives are a myth or plain liars.

Fiscal conservatives record vs. "tax and spend liberals": Reagan: >$200 billion deficit; Bush Sr.: >$300 billion deficit; Clinton: $200 billion SURPLUS; Bush Jr.: >$500 billion DEFICIT. Don't vote for people that say they want to shrink government down so that it can be drowned in a bath -- We are experiencing what that so-called fiscal conservative economic philosophy produces. We need smart government.

[PersonalJesus348]

its not a conservative thing its commons sense. So naturally neither party does it.

[ubuibiok]

High premiums on federal funds lending ``could effectively shut down the overnight funds market,'' said Louis Crandall, chief economist of Wrightson ICAP in Jersey City, New Jersey. ``Most current activity in the overnight funds market would either not take place or be diverted to other instruments such as Eurodollars that are not subject to the FDIC's new fees.''

Dec. 5 Deadline

Banks have until Dec. 5 to decide whether to participate in the FDIC's program.

[yanikv]

We cant run anymore...We're all now officially fucked.

[whotles]

Don't live beyond your means.

[madebutante]

You mean like the $30 billion a month we're giving to defense, with 40% of that going to contractors? I'm all for that!

The American people ...I was going to say deserve more. But as American 1776 Revolutionaries, we only deserve it if we fight for it, through civic involvement and direct non-violent action and community organizing. (don't think I trust that term anymore)

[whotles]

It's interesting to see what will happen in a year, Dow Jones @ 4000 points, maybe.

[rogermoore27]

I will drop my pants and show you fuckers my stimulus package.

[madebutante]

Hope that means you're going to bend over!!!! Otherwise the missus might get jealous! We should all go moon the Fed Reserve! Oh I wish!!!

[rogermoore27]

If I do that, I could get wrecked.

[WKaliber1]

bailout!? more liko borophyl!

[thehistorysage]

You want to see the economy perk up? Give the people on the ground some money to buy China's cheap plastic crap at Walmart. Pay people a fair wage. One, I repeat, ONE ceo bonus check would be enough to boost many company's quarterly earnings by SEVERAL percentage points. Something the ceo's never count on, if their dreams come true and they have all the money in the world, who's going to be left to buy their product?

[ELowkey7]

goodtimes

[ironchopsticks]

jump into my yacht. i gotz booze and gurls!

[johnekroll]

...need a bigger boat...

[TECHKLEC]

Senator Shelby talks about "a road to nowhere". Haven't we ben down that way before?

[averageworkinggal]

The problems of the Detriot 3 is not mostly their own. They depend heavily of the financial industry to fund consumers and when the financial industry crashed primarily because of mismanagement by the government, the government has an obligation to fix the damage they caused the Detroit 3.

[TECHKLEC]

The 'Big 3' have also made substantial capital investments in retooling for complience with NHTSA and EPA regulations.

[voyeurdug]

"Detroit" has to include the UAW. I'd L-U-V to be getting American master-craftsman money to be doing Chinese wrench-turner work.

[averageworkinggal]

Nancy's gonna give the Detroit 3 the big bailout because of those fat UAW contracts which fund the campaign coffers of the Dems.

So all this talk is hot air.

[robinvan1983]

What is the latest plan of bush? cause i haven't heard it.

why don't they bail out the banks, put in some government approved commissioners to put the company on track and freeze any bonuses to management?

[robinvan1983]

ow, and put in a high interest rate on the loan(bailout) on the saved company.

[deshonlive]

1st - Arnold has a point.

[Troublesome2008]

Yes, he does. Sadly enough...

[vertigate]

I don't see his point. Did he propose any solutions? I think he should take care of his wildfires and answer why there is so little protection for homeowners.