CONGRATULATIONS AMERICA!

I instantly feel an awful lot better about the USA with your new President Elect.

And man, Obama can deliver a stirring speech.

Bravo, Bravo. And I'm giving this a *happy

I wish I had the time to learn more about this. Thank you for staying on top of it NetRunner!

In reply to this comment by NetRunner:
The plan as passed does call for actual purchases of assets -- it's not just a $700 billion giveaway.

In the Paulson plan, the assets being purchased are the bad loans. In other words, the worst of the crap that's out there, and the least likely to be worth anything.

In the alternative plan that seemed to have become the consensus late in the process, was for the $700 billion to be used to buy stock in the failing banks themselves; nationalizing them, at least to a degree.

That way the banks have some capital they can use to continue to issue loans, and the government can fire the dickheads who screwed the company up, and hire a new set of dickheads to screw it up, then sell the shares on the market, and potentially make boatloads of profit for the taxpayers (at the expense of the current shareholders).

Instead, the Bushies want to try to protect the shareholders from their own failures, by buying off the bad investments with taxpayer moolah, so that we absorb all the losses from their bad decisions.

Word is, thanks to the corporate pay restrictions on the bailout, almost no one is opting in. They'd rather see the global economy crumble than lose the opportunity to buy a 3rd private jet.

We're probably going to have another shot at the bailout before long.

Here's hoping we have a President-Elect Obama by then.

The plan as passed does call for actual purchases of assets -- it's not just a $700 billion giveaway.

In the Paulson plan, the assets being purchased are the bad loans. In other words, the worst of the crap that's out there, and the least likely to be worth anything.

In the alternative plan that seemed to have become the consensus late in the process, was for the $700 billion to be used to buy stock in the failing banks themselves; nationalizing them, at least to a degree.

That way the banks have some capital they can use to continue to issue loans, and the government can fire the dickheads who screwed the company up, and hire a new set of dickheads to screw it up, then sell the shares on the market, and potentially make boatloads of profit for the taxpayers (at the expense of the current shareholders).

Instead, the Bushies want to try to protect the shareholders from their own failures, by buying off the bad investments with taxpayer moolah, so that we absorb all the losses from their bad decisions.

Word is, thanks to the corporate pay restrictions on the bailout, almost no one is opting in. They'd rather see the global economy crumble than lose the opportunity to buy a 3rd private jet.

We're probably going to have another shot at the bailout before long.

Here's hoping we have a President-Elect Obama by then.

Tags for this video have been changed from 'presidential, debate, obama, mccain, john, barack, president, election, 2008' to 'presidential, debate, obama, mccain, president, election08, frank luntz, f u frank' - edited by joedirt

Tags for this video have been changed from 'bull, presidency, election' to 'bull, presidency, election, the onion, important issue' - edited by MycroftHomlz

I don't like Hillary really... but excellent statement (she probably wasn't alone in drafting it of course). I still say.. we don't need another inherited President elected to the White House. No Bush/Clinton/Bush/Clinton please.

TITLE 18 > PART I > CHAPTER 41 > § 879 § 879. Threats against former Presidents and certain other persons (a) Whoever knowingly and willfully threatens to kill, kidnap, or inflict bodily harm upon— (1) a former President or a member of the immediate family of a former President; (2) a member of the immediate family of the President, the President-elect, the Vice President, or the Vice President-elect; (3) a major candidate for the office of President or Vice President, or a member of the immediate family of such candidate; or (4) a person protected by the Secret Service under section 3056 (a)(6); shall be fined under this title or imprisoned not more than 5 years, or both.