Re: [MBZ] OT Three cheers for an OKie................perhaps?
He was in the house way before that LarryT wrote: you asked <rolling? Did he stand up and warn about the dangers of >> If you're talking about Sen Coburn, he was elected to office in 2004 - so he was pretty new when the problems were starting - which he wrote about. As far as where he was when the good times rolled he was probably working. Take Care, Larry T http://youroil.net http://members.rennlist.org/oil/ - Oil Testing http://members.rennlist.org/webercarbs/ - Carb & Jet Settings: - Original Message - From: "Hendrik & Fay" <[EMAIL PROTECTED]> To: "Mercedes Discussion List" Sent: Friday, October 03, 2008 12:07 AM Subject: Re: [MBZ] OT Three cheers for an OKieperhaps? Yes but where was the good senator when the good times where rolling? Did he stand up and warn about the dangers of uncontrolled lending? Did he say that whilst home ownership is a good thing it is not for everybody? Or is he using this to further his own political ambition? If he is then he is worse than the jokers who took their eyes off the ball in the first place. However this statement underlines why there is a bailout, collective guilt will be soothed with taxpayer money. The other side of the coin is what would happen if there is no bailout? Would there be big problems or are these problems perceived? The stock market is largely made up of smoke and mirrors, people get spooked and a stampede follows, even though there may not be any good reason to do so. At least with this we sort of know what the problem is and can predict the likely result. My thoughts are that the bailout should be a long term loan, the regulations should be tightened to ensure the idiots are weeded out and taxes should be raised on the rich (best along the lines of a higher luxury tax) to partly pay for all this stupidity. Far as I am concerned it should have been the share holders of the greedy lenders who should have said stop, as they have the brains. Hendrik dabbling in things he does not fully understand, bit like fixing a Merc Loren Faeth wrote: to Quote Dr. Tom Cobern, Senator from OK regarding the millionaire bailout bill : (or Billionaire bailout bill if you prefer) "This bill does not represent a new and sudden departure from free market principles as much as it represents an emergency response to congressional actions that have ignored free market principles, and our Constitution, for decades. If anyone in Washington should offer their resignation it should be the members of Congress who peddled the fantasy of free home ownership without risk. No institution in our country is more responsible for the myth or borrowing without consequences than the United States Congress." "As much as members of Congress want to find scapegoats, the root of this problem is political greed in Congress. Members of Congress from both parties wanted short-term political credit for promoting home ownership even though they were putting our entire economy at risk by encouraging people to buy homes they couldn't afford. Then, instead of conducting thorough oversight and correcting obvious problems with unstable entities like Fannie Mae and Freddie Mac, members of Congress chose to ignore the problem and distract themselves with unprecedented amounts of pork-barrel spending." "Taxpayers who want to ensure that this doesn't happen again should send a very clear message to Washington that it's time for Congress to live within its means and restore the principles of limited government and free markets that made this country great. I will do everything in my power to ensure that this bill does not lead us down a slippery slope of European style socialism and slow economic growth. I will also promise taxpayers that I will do everything in my power to block what I expect will be hundreds of attempts by politicians in Washington to continue business-as-usual borrowing and spending in the next Congress. In a time of crisis, American families have to make hard choices between budget priorities. So should Congress. If politicians want to create new programs they should eliminate duplicative programs or reduce funding for less important programs. The only way we can put this crisis behind us is for Congress to rejoin the real world of budget choices and consequences which, as we have seen in recent days, can be ignored for only so long." This is one of the most coherent things I have seen coming out of the general vicinity of the District of Columbia. Loren Faeth ___ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.ok
Re: [MBZ] OT Three cheers for an OKie................perhaps?
you asked <Did he stand up and warn about the dangers of >> If you're talking about Sen Coburn, he was elected to office in 2004 - so he was pretty new when the problems were starting - which he wrote about. As far as where he was when the good times rolled he was probably working. Take Care, Larry T http://youroil.net http://members.rennlist.org/oil/ - Oil Testing http://members.rennlist.org/webercarbs/ - Carb & Jet Settings: - Original Message - From: "Hendrik & Fay" <[EMAIL PROTECTED]> To: "Mercedes Discussion List" Sent: Friday, October 03, 2008 12:07 AM Subject: Re: [MBZ] OT Three cheers for an OKieperhaps? Yes but where was the good senator when the good times where rolling? Did he stand up and warn about the dangers of uncontrolled lending? Did he say that whilst home ownership is a good thing it is not for everybody? Or is he using this to further his own political ambition? If he is then he is worse than the jokers who took their eyes off the ball in the first place. However this statement underlines why there is a bailout, collective guilt will be soothed with taxpayer money. The other side of the coin is what would happen if there is no bailout? Would there be big problems or are these problems perceived? The stock market is largely made up of smoke and mirrors, people get spooked and a stampede follows, even though there may not be any good reason to do so. At least with this we sort of know what the problem is and can predict the likely result. My thoughts are that the bailout should be a long term loan, the regulations should be tightened to ensure the idiots are weeded out and taxes should be raised on the rich (best along the lines of a higher luxury tax) to partly pay for all this stupidity. Far as I am concerned it should have been the share holders of the greedy lenders who should have said stop, as they have the brains. Hendrik dabbling in things he does not fully understand, bit like fixing a Merc Loren Faeth wrote: to Quote Dr. Tom Cobern, Senator from OK regarding the millionaire bailout bill : (or Billionaire bailout bill if you prefer) "This bill does not represent a new and sudden departure from free market principles as much as it represents an emergency response to congressional actions that have ignored free market principles, and our Constitution, for decades. If anyone in Washington should offer their resignation it should be the members of Congress who peddled the fantasy of free home ownership without risk. No institution in our country is more responsible for the myth or borrowing without consequences than the United States Congress." "As much as members of Congress want to find scapegoats, the root of this problem is political greed in Congress. Members of Congress from both parties wanted short-term political credit for promoting home ownership even though they were putting our entire economy at risk by encouraging people to buy homes they couldn't afford. Then, instead of conducting thorough oversight and correcting obvious problems with unstable entities like Fannie Mae and Freddie Mac, members of Congress chose to ignore the problem and distract themselves with unprecedented amounts of pork-barrel spending." "Taxpayers who want to ensure that this doesn't happen again should send a very clear message to Washington that it's time for Congress to live within its means and restore the principles of limited government and free markets that made this country great. I will do everything in my power to ensure that this bill does not lead us down a slippery slope of European style socialism and slow economic growth. I will also promise taxpayers that I will do everything in my power to block what I expect will be hundreds of attempts by politicians in Washington to continue business-as-usual borrowing and spending in the next Congress. In a time of crisis, American families have to make hard choices between budget priorities. So should Congress. If politicians want to create new programs they should eliminate duplicative programs or reduce funding for less important programs. The only way we can put this crisis behind us is for Congress to rejoin the real world of budget choices and consequences which, as we have seen in recent days, can be ignored for only so long." This is one of the most coherent things I have seen coming out of the general vicinity of the District of Columbia. Loren Faeth ___ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com For new parts see official list sponsor: http://
Re: [MBZ] OT Three cheers for an OKie................perhaps?
Hendrik & Fay wrote: The other side of the coin is what would happen if there is no bailout? It's called a recession. The economy contracts, the garbage gets flushed out, and the economy eventually rebounds stronger than before. We can't let that happen, now, can we? Mitch. ___ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] OT Three cheers for an OKie................perhaps?
Yes but where was the good senator when the good times where rolling? Did he stand up and warn about the dangers of uncontrolled lending? Did he say that whilst home ownership is a good thing it is not for everybody? Or is he using this to further his own political ambition? If he is then he is worse than the jokers who took their eyes off the ball in the first place. However this statement underlines why there is a bailout, collective guilt will be soothed with taxpayer money. The other side of the coin is what would happen if there is no bailout? Would there be big problems or are these problems perceived? The stock market is largely made up of smoke and mirrors, people get spooked and a stampede follows, even though there may not be any good reason to do so. At least with this we sort of know what the problem is and can predict the likely result. My thoughts are that the bailout should be a long term loan, the regulations should be tightened to ensure the idiots are weeded out and taxes should be raised on the rich (best along the lines of a higher luxury tax) to partly pay for all this stupidity. Far as I am concerned it should have been the share holders of the greedy lenders who should have said stop, as they have the brains. Hendrik dabbling in things he does not fully understand, bit like fixing a Merc Loren Faeth wrote: to Quote Dr. Tom Cobern, Senator from OK regarding the millionaire bailout bill : (or Billionaire bailout bill if you prefer) "This bill does not represent a new and sudden departure from free market principles as much as it represents an emergency response to congressional actions that have ignored free market principles, and our Constitution, for decades. If anyone in Washington should offer their resignation it should be the members of Congress who peddled the fantasy of free home ownership without risk. No institution in our country is more responsible for the myth or borrowing without consequences than the United States Congress." "As much as members of Congress want to find scapegoats, the root of this problem is political greed in Congress. Members of Congress from both parties wanted short-term political credit for promoting home ownership even though they were putting our entire economy at risk by encouraging people to buy homes they couldn't afford. Then, instead of conducting thorough oversight and correcting obvious problems with unstable entities like Fannie Mae and Freddie Mac, members of Congress chose to ignore the problem and distract themselves with unprecedented amounts of pork-barrel spending." "Taxpayers who want to ensure that this doesn't happen again should send a very clear message to Washington that it's time for Congress to live within its means and restore the principles of limited government and free markets that made this country great. I will do everything in my power to ensure that this bill does not lead us down a slippery slope of European style socialism and slow economic growth. I will also promise taxpayers that I will do everything in my power to block what I expect will be hundreds of attempts by politicians in Washington to continue business-as-usual borrowing and spending in the next Congress. In a time of crisis, American families have to make hard choices between budget priorities. So should Congress. If politicians want to create new programs they should eliminate duplicative programs or reduce funding for less important programs. The only way we can put this crisis behind us is for Congress to rejoin the real world of budget choices and consequences which, as we have seen in recent days, can be ignored for only so long." This is one of the most coherent things I have seen coming out of the general vicinity of the District of Columbia. Loren Faeth ___ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
