--- In FairfieldLife@yahoogroups.com, "authfriend" <[EMAIL PROTECTED]> wrote:
>
> Two additional points:
>
> --- In FairfieldLife@yahoogroups.com, "authfriend" <jstein@> wrote:
> <snip>
> > > The head of the congressional budget office said he can't
> > > figure it out nor can he explain it to anyone.
> >
> > I don't know whether the head of the CBO is an expert
> > in financial markets; it's not necessarily the case that
> > a congressional budgeting expert knows much about the
> > kind of investments involved in the current crisis. Also,
> > it would be important to know exactly what he said, which
> > Moore doesn't tell us. Moore's could well be a
> > misleadingly loose paraphrase designed to make his own
> > points.
>
> There are a lot of folks who *are* financial-market
> experts who are insisting that the bill must be passed,
> including some who were against it to begin with, such
> as Paul Krugman of the New York Times. Krugman is a
> politically very liberal economist and an outspoken
> critic of the Bush administration; he wouldn't be in
> favor of the bill if he hadn't come to think it was
> absolutely, crucially necessary.
>
> <snip>
> > > Do you know why so many Americans are losing their homes? To
> > > hear the Republicans describe it, it's because too many working
> > > class idiots were given mortgages that they really couldn't
> > > afford. Here's the truth: The number one cause of people
> > > declaring bankruptcy is because of medical bills.
> >
> > This is a very fancy and deliberately misleading
> > switcheroo. Bankruptcies *per se* are a non sequitur.
> > Having one's home go into foreclosure and having to
> > declare bankruptcy are two different things that are
> > not inevitably connected.
>
> I failed to make my main point here: Medical bills may
> be the number-one reason people declare bankruptcy; but
> they are *not* the number-one reason people can't make
> their mortgage payments.
>
snip
++ Did you see the Jon Stewart comparison between the Iraq war and the
bailout? Looked like the same boogeyman BS.
The bailout looks like another part of an ongoing program that has
been going on for a long time. N.
