Thread: Glenn Beck in a rare moment of lucidity.

Page 1 of 2 12 LastLast
Results 1 to 10 of 17
  1. #1 Glenn Beck in a rare moment of lucidity. 
    Banned
    Join Date
    May 2008
    Posts
    3,852
    Reply With Quote  
     

  2. #2  
    Senior Member
    Join Date
    May 2008
    Posts
    1,804
    A rare moment of lucidity is more than you could ever hope for, willy.
    OPEACHMENT NOW!!!

    Stinger:
    "I was... ordered to drop my pants, bend over and spread my cheeks."
    --RagingInMiami achieving the DUmp's highest level of nirvana
    Reply With Quote  
     

  3. #3  
    Goldwater
    Guest
    Beck has been one of the sane people on TV regarding the economy for about a year.
    Reply With Quote  
     

  4. #4  
    Banned
    Join Date
    May 2008
    Posts
    3,852
    Quote Originally Posted by Goldwater View Post
    Beck has been one of the sane people on TV regarding the economy for about a year.
    Yes, he has... In spite of myself, I begrudgingly respect him for it ;)
    Reply With Quote  
     

  5. #5  
    Senior Member OwlMBA's Avatar
    Join Date
    Mar 2004
    Location
    America
    Posts
    757
    This belongs in the econ forum....

    But Glenn is right. You have to let companies fail. Even when it means a whole lot of short term pain. We are now officially a country that will not let big companies fail. Its a Ponzai scheme and it can't last.

    We should have let the banks fail and we should let AIG fail and we should let fannie and freddie fail. We should also let GM and Ford fail.

    But we won't.

    We are a nation that refuses to let anyone suffer the results of their bad decisions - bet it an individual or a business. Our government feels it is the responsibility of everyone to bail out the bad decisions of a few. So rather than letting a few suffer, we will all suffer.
    Last edited by OwlMBA; 09-20-2008 at 05:02 PM.
    **** Obama and **** you too.
    Reply With Quote  
     

  6. #6  
    CU's Tallest Midget! PoliCon's Avatar
    Join Date
    Aug 2008
    Location
    Pittsburgh PA
    Posts
    25,328
    Beck is brilliant. He's the one who turned me on to Palin months ago. :)
    Stand up for what is right, even if you have to stand alone.
    Reply With Quote  
     

  7. #7  
    Senior Member OwlMBA's Avatar
    Join Date
    Mar 2004
    Location
    America
    Posts
    757
    Quote Originally Posted by PoliCon View Post
    Beck is brilliant. He's turned me on
    :D

    Hehe

    ;)
    **** Obama and **** you too.
    Reply With Quote  
     

  8. #8  
    CU's Tallest Midget! PoliCon's Avatar
    Join Date
    Aug 2008
    Location
    Pittsburgh PA
    Posts
    25,328
    Quote Originally Posted by OwlMBA View Post
    :D

    Hehe

    ;)
    Laugh now smarty pants
    Stand up for what is right, even if you have to stand alone.
    Reply With Quote  
     

  9. #9  
    Senior Member AlmostThere's Avatar
    Join Date
    May 2008
    Location
    A Great Red State
    Posts
    1,920
    Beck laments that we're up to our eyeballs in debt and we go out and buy half the mortgages in the country. Are there any economists here? What would have happened to half the mortgages in the country if Freddie and Fannie had collapsed? Mine is a serious question because I have no idea. From what I've heard, lending literally came to a halt or damn close to it last week. How can this country function in that environment? It kills me to see government bailing out businesses the way they are but isn't the alternative far worse?
    Better to die on your feet than live on your knees.
    Reply With Quote  
     

  10. #10  
    Banned
    Join Date
    May 2008
    Posts
    11,970
    Quote Originally Posted by AlmostThere View Post
    Beck laments that we're up to our eyeballs in debt and we go out and buy half the mortgages in the country. Are there any economists here? What would have happened to half the mortgages in the country if Freddie and Fannie had collapsed? Mine is a serious question because I have no idea. From what I've heard, lending literally came to a halt or damn close to it last week. How can this country function in that environment? It kills me to see government bailing out businesses the way they are but isn't the alternative far worse?
    As much as it pains me to say so, I don't think we had any choice. I had heard that these two outfits held 3/4 of the mortgages in the country. The overwelming majority of the mortgages that they hold are in good shape and regular payments are being paid on them. Only a small percentage are in bad shape or foreclosure.
    Reply With Quote  
     

Bookmarks
Bookmarks
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •